July 10, 2009
Exhibit 10.4
July 10, 0000
Xxxx xx Xxxxxxx, X.X., as Collateral Agent
Mail Code: TX1-492-14-11
000 Xxxx Xxxxxx
Xxxxxx, Xxxxx 00000
Attention: Ronaldo Naval
Mail Code: TX1-492-14-11
000 Xxxx Xxxxxx
Xxxxxx, Xxxxx 00000
Attention: Ronaldo Naval
Re: | Intercreditor and Collateral Agency Agreement, dated as of September 10, 2008 among Bank of America, N.A., as Collateral Agent, Bank of America, N.A., as Administrative Agent on behalf of the Lenders, the Noteholders party thereto and the Term Loan Lender party thereto (the “Intercreditor Agreement”; capitalized terms used in this letter and not defined herein shall have the meaning given to them in the Intercreditor Agreement) |
Gentlemen:
This letter is given to you pursuant to Section 5.7 of the Intercreditor Agreement and
evidences the consent of the undersigned Creditors for the Collateral Agent to release the
Collateral Agent’s security interest in all assets of certain Subsidiaries of the Borrower and any
equity interests owned by the Borrower or other Debtors in such Subsidiaries in connection with the
sale of such assets and equity interests upon the sale of such assets as previously disclosed to
the Creditors in the Company’s Second Quarter 2009 Update to the Lenders and Noteholders dated June
15, 2009 and June 19, 2009, respectively, and in connection with proposed amendments to the Bank
Credit Agreement, the Note Agreements and the Term Loan Agreement to be dated on or about the date
of this letter.
Sincerely yours, | ||||||
BANK OF AMERICA, N.A., as Administrative Agent | ||||||
Xxxxxxxxxxx, Xxxxx Xxxxxxxx [xxxxx.xxxxxxxx.xxxxxxxxxxx@xxxxxxxxxxxxx.xxx] | ||||||
By: | /s/ Xxxxx Xxxxxxxx Xxxxxxxxxxx
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Name: Xxxxx Xxxxxxxx Xxxxxxxxxxx | ||||||
Title: SVP | ||||||
BANK OF AMERICA, N.A. | ||||||
By: | /s/ Xxxxx Xxxxxxxx Xxxxxxxxxxx | |||||
Name: Xxxxx Xxxxxxxx Xxxxxxxxxxx | ||||||
Title: SVP |
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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. | ||||||
By: | /s/ Xxxxxx Xxxxxxxxxxxx
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Name: Xxxxxx Xxxxxxxxxxxx | ||||||
Title: Authorized Signatory | ||||||
KEYBANK, NATIONAL ASSOCIATION | ||||||
By: | /s/ Xxxxx X. Xxx | |||||
Name: Xxxxx X. Xxx | ||||||
Title: Vice President | ||||||
NATIONAL CITY BANK OF PENNSYLVANIA | ||||||
By: | /s/ Xxxxxx X. Xxxxxxx | |||||
Name: Xxxxxx X. Xxxxxxx | ||||||
Title: SVP |
CALYON NEW YORK BRANCH, in its capacity as a Lender and the Term Loan Lender |
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By: | /s/ Xxxxxx Xxxxxxx
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Title: Director | ||||||
By: | /s/ Xxxxx Xxxxxx | |||||
Name: Xxxxx Xxxxxx | ||||||
Title: Managing Director | ||||||
SUNTRUST BANK | ||||||
By: | /s/ Xxxxxx X. Xxxxxx | |||||
Name: Xxxxxx X. Xxxxxx | ||||||
Title: Vice President |
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FIFTH THIRD BANK | ||||||
By: | /s/ Xxxxxx X. Xxxxxx
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Title: Vice President | ||||||
COMERICA BANK | ||||||
By: | /s/ Xxxx X. Xxxxxxxx
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Title: Vice President Comerica Bank | ||||||
METROPOLITAN LIFE INSURANCE COMPANY | ||||||
METLIFE INSURANCE COMPANY OF CONNECTICUT | ||||||
By: | METROPOLITAN LIFE INSURANCE COMPANY, ITS INVESTMENT MANAGER |
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By: | /s/ Xxxxxx X. Xxxxxxx
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Title: Managing Director | ||||||
TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA | ||||||
By: | /s/ Roi X. Xxxxxx
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Title: Director | ||||||
AXA EQUITABLE LIFE INSURANCE COMPANY | ||||||
By: | /s/ Xxx Xxxx
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Title: Investment Officer |
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MONY LIFE INSURANCE COMPANY | ||||||
By: | /s/ Xxx Xxxx | |||||
Name: Xxx Xxxx | ||||||
Title: Investment Officer | ||||||
THE VARIABLE ANNUITY LIFE INSURANCE COMPANY | ||||||
By: | AIG Global Investment Corp., investment advisor | |||||
By: | /s/ Xxxxxxxx X. Xxxx | |||||
Name: Xxxxxxxx X. Xxxx | ||||||
Title: Vice President | ||||||
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | ||||||
By: | /s/ Xxxxxx X. Xxxxxxx | |||||
Name: Xxxxxx X. Xxxxxxx | ||||||
Title: Managing Director | ||||||
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | ||||||
By: | Babson Capital Management LLC as Investment Adviser | |||||
By: | /s/ Xxxxx X. Xxxxxxxxx | |||||
Name: Xxxxx X. Xxxxxxxxx | ||||||
Title: Managing Director |
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C.M. LIFE INSURANCE COMPANY | ||||||
By: | Babson Capital Management LLC as Investment Adviser |
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By: | /s/ Xxxxx X. Xxxxxxxxx | |||||
Name: Xxxxx X. Xxxxxxxxx | ||||||
Title: Managing Director | ||||||
PRIMERICA LIFE INSURANCE COMPANY | ||||||
By: | Conning Asset Management Company, as Investment Manager |
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By: | /s/ Xxxxxx Xxxxxxx | |||||
Name: Xxxxxx Xxxxxxx | ||||||
Title: Vice President | ||||||
CUNA MUTUAL INSURANCE SOCIETY | ||||||
By: | MEMBERS Capital Advisors, Inc., acting as Investment Advisor |
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By: | /s/ Xxxx X. Xxxxxxxx | |||||
Name: Xxxx X. Xxxxxxxx | ||||||
Title: Managing Director, Private Placements | ||||||
CUMIS INSURANCE SOCIETY, INC. | ||||||
By: | MEMBERS Capital Advisors, Inc., acting as Investment Advisor |
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By: | /s/ Xxxx X. Xxxxxxxx | |||||
Name: Xxxx X. Xxxxxxxx | ||||||
Title: Managing Director, Private Placements |
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THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY | ||||||
By: | /s/ Xxxxxxx X Xxxxxx | |||||
Name: Xxxxxxx X Xxxxxx | ||||||
Title: Its Authorized Representative | ||||||
DEUTSCHE BANK TRUST COMPANY AMERICAS | ||||||
By: | /s/ Xxxx Xxxxxxxxx | |||||
Name: Xxxx Xxxxxxxxx | ||||||
Title: Vice President | ||||||
By: | /s/ Xxxxxx Xxxxxxx | |||||
Name: Xxxxxx Xxxxxxx | ||||||
Title: Vice President |
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