AMENDMENT
EXHIBIT
10.36.1
AMENDMENT
AMENDMENT (this “Amendment”), dated as of November 30, 2010, to the Credit
Agreement, dated as of July 14, 2006 (as amended, restated, supplemented or otherwise modified,
this “Agreement”), among GENZYME CORPORATION, a Massachusetts corporation (the “Parent
Borrower”), the SUBSIDIARY BORROWERS (the “Subsidiary Borrowers”), the several banks
and other financial institutions or entities from time to time parties to this Agreement (the
“Lenders”), the Syndication Agent, Co-Documentation Agents and Co-Agents named therein, and
JPMORGAN CHASE BANK, N.A., as administrative agent. The parties hereto agree as follows:
WITNESSETH:
WHEREAS, the Borrower has requested that certain provisions of the Agreement be amended as set
forth herein; and
WHEREAS, the Administrative Agent, the Issuing Bank and the Required Lenders are willing to
consent to such amendments on the terms set forth herein;
NOW THEREFORE, in consideration of the premises and mutual covenants contained herein, the
undersigned hereby agree as follows:
I. Defined Terms. Terms defined in the Agreement and used herein shall have
the meanings given to them in the Agreement.
II. Amendment to Section 1.1 (Defined Terms). Subsection 1.1 of the
Agreement is hereby amended by adding the following new definition to appear in alphabetical order:
“Consolidated Total Assets”: the consolidated total asset value of the
Parent Borrower and its Subsidiaries as reported in the Parent Borrower’s most
recent annual report on Form 10-K filed with the SEC under the Securities Exchange
Act of 1934.
III. Amendment to Section 7.5 (Disposition of Property). Section 7.5(h) of
the Agreement is hereby amended by deleting “fair market value not to exceed 15% of Consolidated
Net Worth in the aggregate” therefrom and inserting in lieu thereof “net book value not to exceed
10% of Consolidated Total Assets in any fiscal year”.
IV. Conditions to Effectiveness of Amendment. This Amendment shall become
effective on the date on which the following conditions precedent have been satisfied or waived
(“Effective Date”):
(a) | The Administrative Agent shall have received a duly executed counterpart to this Amendment from the Borrower, the Administrative Agent, the Issuing Bank and the Required Lenders under the Agreement. | ||
(b) | The Administrative Agent shall have received payment of all of its reasonable and documented out-of-pocket costs and expenses incurred in connection with this Amendment, any other documents prepared in connection herewith and the transactions contemplated hereby, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent. |
V. Representations and Warranties. The Borrower hereby represents and
warrants that (a) each of the representations and warranties in Section IV of the Agreement shall
be, after giving
effect to this Amendment, true and correct in all material respects as if made on and as of
the Effective Date (unless such representations and warranties are stated to relate to a specific
earlier date, in which case such representations and warranties shall be true and correct in all
material respects as of such earlier date) and (b) after giving effect to this Amendment, no
Default or Event of Default shall have occurred and be continuing.
VI. No Other Amendments; Confirmation. Except as expressly amended hereby,
the provisions of the Agreement and each of the other Credit Documents are and shall remain in full
force and effect.
VII. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF
THE STATE OF NEW YORK.
VIII. Counterparts. This Amendment may be executed by one or more of the
parties hereto on any number of separate counterparts, and all of said counterparts taken together
shall be deemed to constitute one and the same instrument. This Amendment may be delivered by
facsimile transmission of the relevant signature pages hereof.
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IN WITNESS WHEREOF, the undersigned have caused this Amendment to be executed and delivered by
their proper and duly authorized officers as of the day and year first above written.
GENZYME CORPORATION |
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By: | /s/ Xxxxxxx X. Xxxxx | |||
Name: | Xxxxxxx X. Xxxxx | |||
Title: | Executive Vice President Finance, Chief Financial Officer | |||
GENZYME GLOBAL S.A.R.L. |
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By: | /s/ Xxxxxxxxxxx Xxxxxx | |||
Name: | Xxxxxxxxxxx Xxxxxx | |||
Title: | Class B Manager | |||
By: | /s/ Xxxxxxxx Xxxxxxx | |||
Name: | Xxxxxxxx Xxxxxxx | |||
Title: | Class A Manager | |||
By: | /s/ Xxxxxxx X. Xxxxx | |||
Name: | Xxxxxxx X. Xxxxx | |||
Title: | Class A Manager | |||
JPMORGAN CHASE BANK, N.A., as Administrative Agent and as a Lender |
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By: | /s/ Xxxxx X. Xxxxxx | |||
Name: | Xxxxx X. Xxxxxx | |||
Title: | Vice President | |||
BANK OF AMERICA, N.A., as Syndication Agent and as a Lender |
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By: | /s/ Xxxxx X. Xxxxxx | |||
Name: | Xxxxx X. Xxxxxx | |||
Title: | Vice President | |||
The Bank of New York Mellon |
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By: | /s/ Xxxxxxxx X. Xxxx | |||
Name: | Xxxxxxxx X. Xxxx | |||
Title: | First Vice President | |||
The Governor & Company of the Bank of Ireland |
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By: | /s/ Xxxx Xxxxxxx | |||
Name: | Xxxx Xxxxxxx | |||
Title: | Authorised Signatory | |||
By: | /s/ Xxxx Xxxxxx | |||
Name: | Xxxx Xxxxxx | |||
Title: | Authorized Signatory | |||
Intesa Sanpaolo S.p.A.-New York Branch |
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By: | /s/ Xxxx Xxxxxx | |||
Name: | Xxxx Xxxxxx | |||
Title: | VP | |||
By: | /s/ Xxxxxxxxx XxXxxxx | |||
Name: | Xxxxxxxxx XxXxxxx | |||
Title: | FVP, Credit Manager | |||
KBC Bank N.V. |
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By: | /s/ Xxx Xxx | |||
Name: | Xxx Xxx | |||
Title: | Director | |||
By: | /s/ X. Xxxxx Xxxxxxx | |||
Name: | X. Xxxxx Xxxxxxx | |||
Title: | Managing Director | |||
RBS Citizens, NA |
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By: | /s/ Xxxxx Xxxx | |||
Name: | Xxxxx Xxxx | |||
Title: | Senior Vice President | |||
The Royal Bank of Scotland N.V. (formerly known as ABN AMRO Bank N.V.) |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxxx Xxxxxxxx | |||
Title: | Director | |||
Sovereign Bank |
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By: | /s/ Xxxxxx X. Xxxxxxxx | |||
Name: | Xxxxxx X. Xxxxxxxx | |||
Title: | AVP | |||
XXXXX FARGO BANK, N.A. |
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By: | /s/ Xxxxx Santa Xxxx | |||
Name: | Xxxxx Santa Xxxx | |||
Title: | Director | |||