AMENDMENT NO. 3 TO FIVE YEAR CREDIT AGREEMENT
Exhibit 10.8.3
AMENDMENT NO. 3 TO FIVE YEAR CREDIT AGREEMENT
This Amendment (this “Amendment”) is entered into as of May 22, 2002 by and among Nationwide Mutual Insurance Company (“Nationwide Mutual”), Nationwide Life Insurance Company (“Nationwide Life”), Nationwide Financial Services, Inc. (“NFS”; Nationwide Mutual, Nationwide Life and NFS are herein referred to individually as a “Borrower” and collectively as the “Borrowers”), Bank One, NA, individually and as agent (the “Agent”), and the other financial institutions signatory hereto.
RECITALS
A. The Borrowers, the Agent and the Lenders are party to that certain Five Year Credit Agreement dated as of May 25, 2000 (as heretofore amended, the “Credit Agreement”). Unless otherwise specified herein, capitalized terms used in this Amendment shall have the meanings ascribed to them by the Credit Agreement.
B. The Borrowers, the Agent and the undersigned Lenders wish to amend the Credit Agreement on the terms and conditions set forth below.
NOW, THEREFORE, in consideration of the mutual execution hereof and other good and valuable consideration, the parties hereto agree as follows:
1. Amendment to Credit Agreement. On the date this Amendment becomes effective pursuant to Section 3 below, the Credit Agreement shall be amended as follows:
(a) Section 5.8 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
5.8 Subsidiaries. Schedule 5.8 contains an accurate list of all Subsidiaries of such Borrower as of December 31, 2001, setting forth the percentage of their respective capital stock or other ownership interests owned by such Borrower or other Subsidiaries of such Borrower. All of the issued and outstanding shares of capital stock or other ownership interests of such Subsidiaries have been (to the extent such concepts are relevant with respect to such ownership interests) duly authorized and issued and are fully paid and non-assessable.
(b) Section 6.1 (a) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
(a) In the case of NFS, within 100 days after the close of each of its fiscal years, an unqualified audit report certified by independent certified public accountants acceptable to the Lenders, prepared in accordance with Agreement Accounting Principles on a consolidated basis for itself and its Subsidiaries, including balance sheets as of the end of
such period and related statements of income, shareholders’ equity and cash flows, accompanied by any internal control letter prepared by said accountants.
(c) Section 6.1(d) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
(d) In the case of Nationwide Mutual, (i) within thirty (30) days after the regulatory filing date, copies of the unaudited Combined Annual Statement of Nationwide Mutual, certified by the chief financial officer or the treasurer of Nationwide Mutual, all such statements to be prepared in accordance with SAP consistently applied throughout the periods reflected therein and (ii) no later than each June 15, copies of such Combined Annual Statement audited and certified by independent certified public accountants of recognized national statement.
(d) Section 6.1(f) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
(f) Together with the financial statements required under Sections 6.1(a), (b), (c) and (e), a compliance certificate in substantially the form of Exhibit B signed by its chief financial officer or treasurer showing the calculations necessary to determine compliance with this Agreement and stating that no Default or Unmatured Default exists, or if any Default or Unmatured Default exists, stating the nature and status thereof.
(e) Section 10.15 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
10.15 Co-Agents, Documentation Agent, Syndication Agent, Managing Agent, etc. Neither any of the Lenders identified in this Agreement as a “co-agent” nor any Documentation Agent, Syndication Agent or Managing Agent shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as such. Without limiting the foregoing, none of such Lenders shall have or be deemed to have a fiduciary relationship with any Lender. Each Lender hereby makes the same acknowledgments with respect to such Lenders as it makes with respect to the Agent in Section 10.11.
(f) Schedule 5.8 of the Credit Agreement is hereby replaced in its entirety by Schedule 5.8 attached hereto and made a part hereof.
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2. Representations and Warranties of the Borrowers. Each Borrower represents and warrants that:
(a) The execution, delivery and performance by such Borrower of this Amendment have been duly authorized by all necessary corporate proceedings and that this Amendment is a legal, valid and binding obligation of such Borrower enforceable against such Borrower in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or similar law affecting creditors’ rights generally and by general principles of equity;
(b) After giving effect to this Amendment, each of the representations and warranties of such Borrower contained in the Credit Agreement is true and correct on and as of the date hereof as if made on the date hereof except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty was true and correct on and as of such earlier date;
(c) After giving effect to this Amendment, no Default or Unmatured Default has occurred and is continuing with respect to such Borrower.
3. Effective Date. Section 1 of this Amendment shall become effective upon the execution and delivery hereof by the Borrowers, the Agent and the Required Lenders (without respect to whether it has been executed and delivered by all the Lenders).
4. Reference to and Effect Upon the Credit Agreement.
(a) Except as specifically amended above, the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed.
(b) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Agent or any Lender under the Credit Agreement or any Loan Document, nor constitute a waiver of any provision of the Credit Agreement or any Loan Document, except as specifically set forth herein. Upon the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of similar import shall mean and be a reference to the Credit Agreement as amended hereby.
5. Costs and Expenses. Each Borrower hereby affirms its joint and several obligation under Section 9.6 of the Credit Agreement to reimburse the Agent for all reasonable costs, internal charges and out-of-pocket expenses paid or incurred by the Agent in connection with the preparation, negotiation, execution and delivery of this Amendment, including but not limited to the attorneys’ fees and time charges of attorneys for the Agent with respect thereto.
6. GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (INCLUDING, WITHOUT LIMITATION, 735 ILCS SECTION 105/5-1 ET SEQ, BUT OTHERWISE WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS) OF THE STATE OF ILLINOIS, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.
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7. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purposes.
8. Counterparts. This Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed an original but all such counterparts shall constitute one and the same instrument.
[signature pages follow]
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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date and year first above written.
| NATIONWIDE MUTUAL INSURANCE COMPANY | ||
| By: | /s/ Xxxxx X. Xxxx | |
| Xxxxx X. Xxxx | ||
| Title: |
Associate Vice President and Assistant Treasurer | |
| NATIONWIDE LIFE INSURANCE COMPANY | ||
| By: |
/s/ Xxxxx X. Xxxx | |
| Xxxxx X. Xxxx | ||
| Title: |
Associate Vice President and Assistant Treasurer | |
| NATIONWIDE FINANCIAL SERVICES, INC. | ||
| By: |
/s/ Xxxxx X. Xxxx | |
| Xxxxx X. Xxxx | ||
| Title: |
Associate Vice President and Assistant Treasurer | |
| BANK ONE, NA, as Agent and as a Lender | ||
| By: |
/s/ Xxxxxx X. Xxxxxxx | |
| Title: |
Director | |
| THE CHASE MANHATTAN BANK, as a Lender | ||
| By: |
/s/ Xxxxx X. Xxxxxxx | |
| Title: |
Vice President | |
S-1
[TO AMENDMENT NO. 3]
| THE BANK OF NEW YORK, as a Lender | ||
| By: |
/s/ Illegible | |
| Title: |
Vice President | |
| CITICORP USA, INC., as a Lender | ||
| By: |
/s/ Illegible | |
| Title: |
Vice President | |
| REVOLVING COMMITMENT VEHICLE CORPORATION, as a Lender | ||
| By: |
Xxxxxx Guaranty Trust Company of New York, as Attorney-in-Fact for Revolving Commitment Vehicle Corporation | |
| By: |
||
| Title: |
||
| BANK OF AMERICA, N.A., as a Lender | ||
| By: |
/s/ Illegible | |
| Title: |
Managing Director | |
| WACHOVIA BANK, National Association, as a Lender | ||
| By: |
/s/ Xxxxxx X. Xxxxxx | |
| Title: |
Director | |
| MELLON BANK, N.A., as a Lender | ||
| By: |
/s/ Xxxxx X. Xxxxx | |
| Title: |
Assistant Vice President | |
S-2
[TO AMENDMENT NO. 3]
| FLEET NATIONAL BANK, as a Lender | ||||||||
| By: |
/s/ Xxxx Xxx Xxxxxx | |||||||
| Xxxx Xxx Xxxxxx | ||||||||
| Title: |
Director | |||||||
| KEYBANK NATIONAL ASSOCIATION, as a Lender | ||||||||
| By: |
/s/ Xxxxxxx X. Xxxxxx | |||||||
| Title: |
Vice President | |||||||
| XXXXX FARGO BANK, NATIONAL ASSOCIATION, as a Lender | ||||||||
| By: |
/s/ Illegible |
By: |
/s/ Illegible | |||||
| Title: |
Vice President |
Title: |
Vice President | |||||
| FIRSTAR BANK, NA, as a Lender | ||||||||
| By: |
/s/ Illegible | |||||||
| Title: |
Senior Vice President | |||||||
| THE HUNTINGTON NATIONAL BANK, as a Lender | ||||||||
| By: |
/s/ Xxxx X. Xxxxxx | |||||||
| Title: |
Vice President | |||||||
| NATIONAL CITY BANK, as a Lender | ||||||||
| By: |
/s/ Illegible | |||||||
| Title: |
Vice President | |||||||
S-3
[TO AMENDMENT NO. 3]
| STATE BANK AND TRUST COMPANY, as a Lender | ||
| By: |
/s/ Illegible | |
| Title: |
Illegible | |
| FIFTH THIRD BANK, CENTRAL OHIO, as a Lender | ||
| By: |
/s/ Xxxx Xxxxxxxxx | |
| Xxxx Xxxxxxxxx | ||
| Title: |
Vice President | |
| FIRST HAWAIIAN BANK, as a Lender | ||
| By: |
||
| Title: |
||
S-4
[TO AMENDMENT NO. 3]
SCHEDULE 5.8
SUBSIDIARIES
The 401 (k) Companies, Inc.
The 401(k) Company
401(k) Investment Advisors, Inc.
401(k) Investment Services, Inc.
Affiliate Agency of Ohio, Inc.
Affiliate Agency, Inc.
AGMC Reinsurance Ltd.
ADD Finance Services, Inc.
ALLIED Document Solutions, Inc. (fka Midwest Printing Services, Inc.)
ALLIED General Agency Company
ALLIED Group Insurance Marketing Company
ALLIED Group, Inc.
ALLIED Property and Casualty Insurance Company
Allied Texas Agency, Inc.
Allnations, Inc.
AMCO Insurance Company
American Marine Underwriters, Inc.
Asset Management Holdings, plc
Cal-Ag Insurance Services, Inc.
CalFarm Insurance Agency
CalFarm Insurance Company
Colonial County Mutual Insurance Company
Cooperative Service Company
Corviant Corporation
Damian Securities Limited
Depositors Insurance Company
Dinâmica Participacoes SA
Discover Insurance Agency of Texas, LLC
Discover Insurance Agency, LLC
Eagle Acquisition Corporation
eNationwide, LLC
F&B, Inc.
Farmland Mutual Insurance Company
Fenplace Limited
Financial Horizons Distributors Agency of Alabama, Inc.
Financial Horizons Distributors Agency of Ohio, Inc.
Financial Horizons Distributors Agency of Oklahoma, Inc.
Financial Horizons Distributors Agency of Texas, Inc.
Financial Horizons Securities Corporation
Florida Records Administrator, Inc.
G.I.L. Nominees Limited
Gartmore 1990 Limited
Gartmore 1990 Trustee Limited
Gartmore Capital Management Limited
Gartmore Distribution Services, Inc.
Gartmore Fund Managers International Limited
Gartmore Fund Managers Limited
Gartmore Global Asset Management Trust
Gartmore Global Investments, Inc.
Gartmore Global Partners
Gartmore Indosuez UK Recovery Fund (G.P.) Limited
Gartmore Investment Limited
Gartmore Investment Management plc
Gartmore Investment Services GmbH
Gartmore Investment Services Limited
Gartmore Investor Services, Inc.
Gartmore Japan Limited
Gartmore Xxxxxx & Associates, Inc.
Gartmore Xxxxxx Capital Management, Inc.
Gartmore Xxxxxx Financial Services, Inc.
Gartmore Mutual Fund Capital Trust
Gartmore Nominees Limited
Gartmore Pension Trustees Limited
Gartmore S.A. Capital Trust
Gartmore Secretaries (Jersey) Ltd.
Gartmore Trust Company
Gartmore Securities Limited
Gartmore U.S. Limited
Gates, XxXxxxxx & Company
Gates, XxXxxxxx & Company of New York, Inc.
Gates, XxXxxxxx & Company of Nevada
GatesMcDonald Health Plus Inc.
Insurance Intermediaries, Inc.
Landmark Financial Services of New York, Inc.
Lone Star General Agency, Inc.
MedProSolutions, Inc.
National Casualty Company
National Casualty Company of America, Ltd.
National Deferred Compensation, Inc.
Nationwide Affinity Insurance Company of America
Nationwide Affordable Housing, LLC
Nationwide Agency, Inc.
Nationwide Agribusiness Insurance Company
Nationwide Arena, LLC
Nationwide Asset Management Holdings, Ltd.
Nationwide Assurance Company
Nationwide Cash Management Company
Nationwide Community Development Corporation, LLC
Nationwide Corporation
Nationwide Exclusive Distribution Company, LLC
Nationwide Financial Assignment Company
Nationwide Financial Institution Distributors Agency, Inc.
Nationwide Financial Institution Distributors Agency, Inc. of New Mexico
Nationwide Financial Institution Distributors Insurance Agency, Inc. of Massachusetts
Nationwide Financial Services (Bermuda) Ltd.
Nationwide Financial Services Capital Trust
Nationwide Financial Services Capital Trust II
Nationwide Financial Services, Inc.
Nationwide Financial Sp. z o.o
Nationwide Foundation
Nationwide General Insurance Company
Nationwide Global Finance, LLC
Nationwide Global Funds
Nationwide Global Holdings, Inc.
Nationwide Global Holdings, Inc.- Luxembourg Branch
Nationwide Global Holdings-NGH Brazil Participacoes, LTDA
Nationwide Global Japan, Inc.
Nationwide Global Limited
Nationwide Health Plans, Inc.
Nationwide Holdings, SA
Nationwide Home Mortgage Company
Nationwide Home Mortgage Distributors, Inc.
Nationwide Indemnity Company
Nationwide Insurance Company of America
Nationwide Insurance Company of Florida
Nationwide International Underwriters
Nationwide Investment Services Corporation
Nationwide Life and Annuity Insurance Company
Nationwide Life Assurance Company, Ltd.
Nationwide Life Insurance Company
Nationwide Lloyds
Nationwide Management Systems, Inc.
Nationwide Martíma Vida Previdência S.A.
Nationwide Mortgage Holdings, Inc.
Nationwide Mutual Fire Insurance Company
Nationwide Mutual Insurance Company
Nationwide Properties, Ltd.
Nationwide Property and Casualty Insurance Company
Nationwide Realty Investors, Ltd.
Nationwide Retirement Plan Services, Inc.
Nationwide Retirement Solutions, Inc.
Nationwide Retirement Solutions, Inc. of Alabama
Nationwide Retirement Solutions, Inc. of Arizona
Nationwide Retirement Solutions, Inc. of Arkansas
Nationwide Retirement Solutions, Inc. of Montana
Nationwide Retirement Solutions, Inc. of Nevada
Nationwide Retirement Solutions, Inc. of New Mexico
Nationwide Retirements Solutions, Inc. of Ohio
Nationwide Retirement Solutions, Inc. of Oklahoma
Nationwide Retirement Solutions, Inc. of South Dakota
Nationwide Retirement Solutions, Inc. of Texas
Nationwide Retirement Solutions, Inc. of Wyoming
Nationwide Retirement Solutions Insurance Agency, Inc.
Nationwide Securities, Inc.
Nationwide Seguradora S.A.
Nationwide Services Company, LLC
Nationwide Services Sp. z o.o.
Nationwide Towarzystwo Ubezpieczen na Zycie S.A.
Nationwide Trust Company, FSB
Nationwide UK Asset Management Holdings, Ltd.
Nationwide UK Holding Company, Ltd.
Nevada Independent Companies-Construction
Nevada Independent Companies-Health and Nonprofit
Nevada Independent Companies-Hospitality and Entertainment
Nevada Independent Companies-Manufacturing, Transportation and Distribution
Xxxxxxxx Capital Partners, LLC
NFS Distributors, Inc.
NGH Luxembourg, S.A.
NGH Netherlands, B.V.
NGH UK, Ltd.
NorthPointe Capital, LLC
PanEuroLife
Pension Associates, Inc.
Premier Agency, Inc.
Riverview Agency, Inc.
SBSC Ltd (Thailand)
Scottsdale Indemnity Company
Scottsdale Insurance Company
Scottsdale Surplus Lines Insurance Company
Siam Ar-Na-Khet Company Limited
Vertboise, SA
Veterinary Pet Insurance Company
Veterinary Pet Services, Inc.
Villanova Securities, LLC
Western Heritage Insurance Company
