SECOND AMENDMENT TO THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT

Exhibit 10.1

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED
RECEIVABLES PURCHASE AGREEMENT

     THIS SECOND AMENDMENT TO THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT (this “Amendment”), dated as of September 7, 2010, is entered into among WESCO RECEIVABLES CORP. (the “Seller”), WESCO DISTRIBUTION, INC. (the “Servicer”), the Purchasers (each, a “Purchaser”) and Purchaser Agents (each, a “Purchaser Agent”) party hereto, and PNC BANK, NATIONAL ASSOCIATION, as Administrator (the “Administrator”).

RECITALS

     1. The Seller, Servicer, each Purchaser, each Purchaser Agent and the Administrator are parties to the Third Amended and Restated Receivables Purchase Agreement, dated as of April 13, 2009 (as amended through the date hereof, the “Agreement”);

     2. Concurrently herewith, the Seller, the Servicer, each Purchaser and each Purchaser Agent are entering into that certain Purchaser Group Fee Letter (the “Purchaser Group Fee Letter”), dated as of the date hereof.

     3. The parties hereto desire to amend the Agreement as hereinafter set forth.

     NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

     1. Certain Defined Terms. Capitalized terms that are used herein without definition and that are defined in Exhibit I to the Agreement shall have the same meanings herein as therein defined.

     2. Amendments to the Agreement. The Agreement is hereby amended as follows:

     (a) The following defined terms set forth in Schedule V to the Agreement are hereby deleted: (a) “2005 Convertible Debentures” and (b) “2006 Convertible Debentures”.

     (b) Schedule V to the Agreement is hereby amended by inserting the following new defined term in appropriate alphabetical order:

     “Bond Indebtedness” means obligations evidenced by notes, bonds, debentures or similar instruments.

     (c) The definition of “Fixed Charges” set forth in Schedule V to the Agreement is hereby replaced in its entirety with the following:

     “Fixed Charges” means, with respect to any Person for any fiscal period, (a) the aggregate of all cash Interest Expense paid or accrued during such period, plus (b) scheduled payments of principal with respect to Indebtedness during such period (it being understood that optional payments of principal, or amounts paid in connection with the exercise of call rights or open market or negotiated purchases, by WESCO Distribution or Holdings with respect to Bond Indebtedness during such period shall not constitute “scheduled payments” as used in this clause (b)), plus (c) cash payments in respect of earn out agreements, plus (d) Capital Expenditures during such period (provided however, that up to $2,500,000 of net cash proceeds from any sale of real property during such period shall be excluded so long as such net cash proceeds are used to make Capital Expenditures), plus (e) cash dividends or other cash distributions paid, payable or declared in respect of equity interests during such period (excluding in all cases cash distributions by WESCO Distribution to Holdings to permit Holdings to repurchase or to repay, in either case, as an optional prepayment by Holdings as a result of the exercise of a put option by holders, or as the result of an exercise of call rights or open market or negotiated purchases by Holdings, with respect to any Bond Indebtedness) plus, (f) cash Taxes paid or payable during such period, plus (g) any cash paid or payable in connection with the repurchase of Holding’s publicly traded common Stock. For the avoidance of doubt, cash distributed by WESCO Distribution to Holdings to permit Holdings to repurchase or repay, in either case, as an optional prepayment by Holdings as a result of the exercise of a put option by holders or Holdings (including call rights) to effect such repurchase or repayment or to fund open market or negotiated purchases by Holdings, with respect to any Bond Indebtedness shall not be included in amounts added in the calculation of Fixed Charges pursuant to the terms of clause (e) above.

     (d) Clause (c) of the definition of “Indebtedness” set forth in Schedule V to the Agreement is hereby replaced in its entirety with the following:

     (c) all Bond Indebtedness,

     (e) Schedule IV to the Agreement is hereby replaced in its entirety as attached hereto.

     (f) Schedule VII to the Agreement is hereby replaced in its entirety as attached hereto.

     (g) Each reference to “Wachovia Bank, National Association” or “Wachovia” (however defined or referenced) in the Agreement or any other Transaction Document shall be deemed to be a reference to “Xxxxx Fargo Bank, National Association” or “Xxxxx”, as applicable.

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     3. Representations and Warranties. The Seller and Servicer hereby represent and warrant to each of the parties hereto as follows:

     (a) Representations and Warranties. The representations and warranties contained in Exhibit III of the Agreement are true and correct as of the date hereof.

     (b) No Default. Both before and immediately after giving effect to this Amendment and the transactions contemplated hereby, no Termination Event or Unmatured Termination Event exists or shall exist.

     4. Effect of Amendment. All provisions of the Agreement, as expressly amended and modified by this Amendment shall remain in full force and effect. On and after the Effective Date (as defined below), all references in the Agreement (or in any other Transaction Document) to “this Agreement”, “hereof”, “herein” or words of similar effect referring to the Agreement shall be deemed to be references to the Agreement as amended by this Amendment. This Amendment shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Agreement other than as set forth herein.

     5. Effectiveness. This Amendment shall become effective as of the date hereof (the “Effective Date”) subject to the conditions precedent that (i) the Administrator receives each of the following: (A) counterparts of this Amendment (whether by facsimile or otherwise) executed by each of the other parties hereto, in form and substance satisfactory to the Administrator in its sole discretion, (B) counterparts of the Purchaser Group Fee Letter (whether by facsimile or otherwise) executed by each of the parties thereto, in form and substance satisfactory to the Administrator in its sole discretion and (C) such other agreements, documents and instruments as the Administrator shall request and (ii) the Structuring Fee (under and as defined in the Purchaser Group Fee Letter) shall have been paid in full in accordance with the terms of the Purchaser Group Fee Letter.

     6. Counterparts. This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument.

     7. Governing Law; Jurisdiction.

     7.1 THIS AMENDMENT SHALL BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK).

     7.2 ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AMENDMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK; AND, BY EXECUTION AND DELIVERY OF THIS AMENDMENT, EACH OF THE PARTIES HERETO CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES, TO THE MAXIMUM

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EXTENT PERMITTED BY LAW, ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, THAT IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS AMENDMENT OR ANY DOCUMENT RELATED HERETO. EACH OF THE PARTIES HERETO WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH SERVICE MAY BE MADE BY ANY OTHER MEANS PERMITTED BY NEW YORK LAW.

     8. Section Headings. The various headings of this Amendment are included for convenience only and shall not affect the meaning or interpretation of this Amendment, the Agreement or any provision hereof or thereof.

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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first written above.

	WESCO RECEIVABLES CORP.
	By:	/s/ Xxxxxx X. Xxxxxxx
		Name:	Xxxxxx X. Xxxxxxx
		Title:	Treasurer
	WESCO DISTRIBUTION, INC., as Servicer
	By:	/s/ Xxxxxx X. Xxxxxxx
		Name:	Xxxxxx X. Xxxxxxx
		Title:	Treasurer

SECOND AMENDMENT
TO WESCO 3^RD A&R RPA

S-1

	PNC BANK, NATIONAL ASSOCIATION, as Administrator
	By:	/s/ Xxxxxxx X. Xxxxxx
		Name:	Xxxxxxx X. Xxxxxx
		Title:	Vice President

SECOND AMENDMENT
TO WESCO 3^RD A&R RPA

S-2

	THE CONDUIT PURCHASERS AND THE PURCHASER AGENTS: MARKET STREET FUNDING LLC, as a Conduit Purchaser
	By:	/s/ Xxxxx X. Xxxxx
		Name:	Xxxxx X. Xxxxx
		Title:	Vice President
	PNC BANK, NATIONAL ASSOCIATION, as Purchaser Agent for Market Street Funding LLC
	By:	/s/ Xxxxxxx X. Xxxxxx
		Name:	Xxxxxxx X. Xxxxxx
		Title:	Vice President

SECOND AMENDMENT
TO WESCO 3^RD A&R RPA

S-3

	XXXXX FARGO BANK, NATIONAL ASSOCIATION, as a Conduit Purchaser
	By:	/s/ Xxxxxxx X. Xxxxxxxxx
		Name:	Xxxxxxx X. Xxxxxxxxx
		Title:	Vice President
	XXXXX FARGO BANK, NATIONAL ASSOCIATION, as Purchaser Agent for Xxxxx Fargo Bank, National Association
	By:	/s/ Xxxxxxx X. Xxxxxxxxx
		Name:	Xxxxxxx X. Xxxxxxxxx
		Title:	Vice President

SECOND AMENDMENT
TO WESCO 3^RD A&R XXX

X-0

	FIFTH THIRD BANK, as a Conduit Purchaser
	By:	/s/ Xxxxxx X. Xxxxx
		Name:	Xxxxxx X. Xxxxx
		Title:	Vice President
	FIFTH THIRD BANK, as Purchaser Agent for Fifth Third Bank
	By:	/s/ Xxxxxx X. Xxxxx
		Name:	Xxxxxx X. Xxxxx
		Title:	Vice President

SECOND AMENDMENT
TO WESCO 3^RD A&R RPA

S-5

	U.S. BANK NATIONAL ASSOCIATION, as a Conduit Purchaser
	By:	/s/ Xxxxxxx Xxxxxx
		Name:	Xxxxxxx Xxxxxx
		Title:	Relationship Manager
	U.S. BANK NATIONAL ASSOCIATION, as Purchaser Agent for U.S. Bank National Association
	By:	/s/ Xxxxxxx Xxxxxx
		Name:	Xxxxxxx Xxxxxx
		Title:	Relationship Manager

SECOND AMENDMENT
TO WESCO 3^RD A&R RPA

S-6

	THE PRIVATEBANK AND TRUST COMPANY, as a Conduit Purchaser
	By:	/s/ Xxx Xxxxxxx
		Name:	Xxx Xxxxxxx
		Title:	Officer

	THE PRIVATEBANK AND TRUST COMPANY, as Purchaser Agent for The PrivateBank and Trust Company
	By:	/s/ Xxx Xxxxxxx
		Name:	Xxx Xxxxxxx
		Title:	Officer

SECOND AMENDMENT
TO WESCO 3^RD A&R RPA

S-7

	THE HUNTINGTON NATIONAL BANK, as a Conduit Purchaser
	By:	/s/ Xxxx X. Xxxx
		Name:	Xxxx X. Xxxx
		Title:	AVP

	THE HUNTINGTON NATIONAL BANK, as Purchaser Agent for The Huntington National Bank
	By:	/s/ Xxxx X. Xxxx
		Name:	Xxxx X. Xxxx
		Title:	AVP

SECOND AMENDMENT
TO WESCO 3^RD A&R RPA

S-8

	THE RELATED COMMITTED PURCHASERS: PNC BANK, NATIONAL ASSOCIATION, as a Related Committed Purchaser for Market Street Funding LLC
	By:	/s/ Xxxxx X. Xxxxxx
		Name:	Xxxxx X. Xxxxxx
		Title:	Vice President

SECOND AMENDMENT
TO WESCO 3^RD A&R XXX

X-0

	FIFTH THIRD BANK, as a Related Committed Purchaser for Fifth Third Bank
	By:	/s/ Xxxxxx X. Xxxxx
		Name:	Xxxxxx X. Xxxxx
		Title:	Vice President

SECOND AMENDMENT
TO WESCO 3^RD A&R RPA

S-10

	XXXXX FARGO BANK, NATIONAL ASSOCIATION, as a Related Committed Purchaser for Xxxxx Fargo Bank, National Association
	By:	/s/ Xxxxxxx X. Xxxxxxxxx
		Name:	Xxxxxxx X. Xxxxxxxxx
		Title:	Vice President

SECOND AMENDMENT
TO WESCO 3^RD A&R RPA

S-11

	U.S. BANK NATIONAL ASSOCIATION, as a Related Committed Purchaser for U.S. Bank National Association
	By:	/s/ Xxxxxxx Xxxxxx
		Name:	Xxxxxxx Xxxxxx
		Title:	Relationship Manager

SECOND AMENDMENT
TO WESCO 3^RD A&R RPA

S-12

	THE PRIVATEBANK AND TRUST COMPANY, as a Related Committed Purchaser for The PrivateBank and Trust Company
	By:	/s/ Xxx Xxxxxxx
		Name:	Xxx Xxxxxxx
		Title:	Officer

SECOND AMENDMENT
TO WESCO 3^RD A&R RPA

S-13

	THE HUNTINGTON NATIONAL BANK, as a Related Committed Purchaser for The Huntington National Bank
	By:	/s/ Xxxx X. Xxxx
		Name:	Xxxx X. Xxxx
		Title:	AVP

SECOND AMENDMENT
TO WESCO 3^RD A&R RPA

S-14

SCHEDULE IV

NOTICE INFORMATION

WESCO RECEIVABLES CORP.,
as Seller

Address:
000 Xxxx Xxxxxxx Xxxxxx Xxxxx
Xxxxx 000
Xxxxxxxxxx, Xxxxxxxxxxxx 00000
Attention: Vice President and Treasurer
Telephone: (000) 000-0000
Facsimile: (000) 000-0000

WESCO DISTRIBUTION, INC.,
as Servicer

Address:
000 Xxxx Xxxxxxx Xxxxxx Xxxxx
Xxxxx 000
Xxxxxxxxxx, Xxxxxxxxxxxx 00000
Attention: Vice President and Treasurer
Telephone: (000) 000-0000
Facsimile: (000) 000-0000

PNC BANK, NATIONAL ASSOCIATION,
as Administrator

PNC Bank, National Association
One PNC Plaza
000 Xxxxx Xxxxxx
Xxxxxxxxxx, Xxxxxxxxxxxx 00000-0000
Attention: Xxxxxxx Xxxxxx
Telephone No.: (000) 000-0000
Facsimile No.: (000) 000-0000

MARKET STREET FUNDING LLC,
as a Conduit Purchaser

Address:
Market Street Funding LLC
c/o AMACAR Group, L.L.C.

Schedule IV-1

0000 Xxxxxxxx Xxxx., Xxxxx 000
Xxxxxxxxx, Xxxxx Xxxxxxxx 00000
Attention: Xxxxxxx X. Xxxxxxx
Telephone No.: (000) 000-0000
Facsimile No.: (000) 000-0000

With a copy to:

PNC Bank, National Association
One PNC Plaza
000 Xxxxx Xxxxxx
Xxxxxxxxxx, Xxxxxxxxxxxx 00000-0000
Attention: Xxxxxxx Xxxxxx
Telephone No.: (000) 000-0000
Facsimile No.: (000) 000-0000

PNC BANK, NATIONAL ASSOCIATION,
as Purchaser Agent for Market Street Funding LLC

PNC Bank, National Association
One PNC Plaza
000 Xxxxx Xxxxxx
Xxxxxxxxxx, Xxxxxxxxxxxx 00000-0000
Attention: Xxxxxxx Xxxxxx
Telephone No.: (000) 000-0000
Facsimile No.: (000) 000-0000

PNC BANK, NATIONAL ASSOCIATION,
as a Related Committed Purchaser for Market Street
Funding LLC

Address:
One PNC Plaza
000 Xxxxx Xxxxxx
Xxxxxxxxxx, Xxxxxxxxxxxx 00000-0000
Attention: Xxxxxxx Xxxxxx
Telephone No: (000) 000-0000
Facsimile No.: (000) 000-0000

Schedule IV-2

XXXXX FARGO BANK, NATIONAL ASSOCIATION,
as a Conduit Purchaser

Address:
0 Xxxxxxxxx Xxxxxxx
Xxxxx 0000
Xxxxxxx, Xxxxxxx 00000
Attention: Xxxxxxx X. Xxxxxxxxx
Telephone No.: (000) 000-0000
Facsimile No.: (000) 000-0000

XXXXX FARGO BANK, NATIONAL ASSOCIATION,
as a Related Committed Purchaser for Xxxxx Fargo Bank, National Association

Address:
0 Xxxxxxxxx Xxxxxxx
Xxxxx 0000
Xxxxxxx, Xxxxxxx 00000
Attention: Xxxxxxx X. Xxxxxxxxx
Telephone No.: (000) 000-0000
Facsimile No.: (000) 000-0000

XXXXX FARGO BANK, NATIONAL ASSOCIATION,
as Purchaser Agent for Xxxxx Fargo Bank, National Association

Address:
0 Xxxxxxxxx Xxxxxxx
Xxxxx 0000
Xxxxxxx, Xxxxxxx 00000
Attention: Xxxxxxx X. Xxxxxxxxx
Telephone No.: (000) 000-0000
Facsimile No.: (000) 000-0000

FIFTH THIRD BANK,
as a Conduit Purchaser

Address:
00 Xxxxxxxx Xxxxxx Xxxxx
Xxxxxxxxxx, Xxxx 00000
Attention: Xxxxxx Xxxxx
Telephone No.: (000) 000-0000
Facsimile No.: (000) 000-0000

Schedule IV-3

FIFTH THIRD BANK,
as a Related Committed Purchaser for Fifth Third Bank

Address:
00 Xxxxxxxx Xxxxxx Xxxxx
Xxxxxxxxxx, Xxxx 00000
Attention: Xxxxxx Xxxxxx
Telephone No.: (000) 000-0000
Facsimile No.: (000) 000-0000

FIFTH THIRD BANK,
as Purchaser Agent for Fifth Third Bank

Address:
00 Xxxxxxxx Xxxxxx Xxxxx
Xxxxxxxxxx, Xxxx 00000
Attention: Xxxxxxxx Xxxxx
Telephone No.: (000) 000-0000
Facsimile No.: (513) 534-0319

U.S. BANK NATIONAL ASSOCIATION,
as a Conduit Purchaser

Address:
000 Xxxxxx Xxxxxx
XX-XX-X00X
Xxxxxxxxxx, Xxxx 00000
Attention: Xxxxxxx Xxxxxx
Telephone No.: (513) 632 - 4226
Facsimile No.: (513) 632 - 2030

U.S. BANK NATIONAL ASSOCIATION,
as a Related Committed Purchaser for U.S. Bank National Association

Address:
000 Xxxxxx Xxxxxx
XX-XX-X00X
Xxxxxxxxxx, Xxxx 00000
Attention: Xxxxxxx Xxxxxx
Telephone No.: (513) 632 - 4226
Facsimile No.: (513) 632 - 2030

Schedule IV-4

U.S. BANK NATIONAL ASSOCIATION,
as Purchaser Agent for U.S. Bank National Association

Address:
000 Xxxxxx Xxxxxx
XX-XX-X00X
Xxxxxxxxxx, Xxxx 00000
Attention: Xxxxxxx Xxxxxx
Telephone No.: (513) 632 - 4226
Facsimile No.: (513) 632 - 2030

THE PRIVATEBANK AND TRUST COMPANY,
as a Conduit Purchaser

Address:
0000 Xxxxxxxx Xxxx
Xxxxx 000
Xxxxxxx, Xxxxxxx 00000
Attention: Xxxx X. Xxxxx
Telephone No.: (404) 926 - 2428
Facsimile No.: (404) 926 - 2444

THE PRIVATEBANK AND TRUST COMPANY,
as a Related Committed Purchaser for The PrivateBank and Trust Company

Address:
0000 Xxxxxxxx Xxxx
Xxxxx 000
Xxxxxxx, Xxxxxxx 00000
Attention: Xxxx X. Xxxxx
Telephone No.: (404) 926 - 2428
Facsimile No.: (404) 926 - 2444

THE PRIVATEBANK AND TRUST COMPANY,
as Purchaser Agent for The PrivateBank and Trust Company

Address:
0000 Xxxxxxxx Xxxx
Xxxxx 000
Xxxxxxx, Xxxxxxx 00000
Attention: Xxxx X. Xxxxx
Telephone No.: (404) 926 - 2428
Facsimile No.: (404) 926 - 2444

Schedule IV-5

THE HUNTINGTON NATIONAL BANK,
as a Conduit Purchaser

Address:
00 X. Xxxx Xxxxxx
Xxxxxxxx, Xxxx 00000
Attention: Xxxx Xxxxxxxx
Telephone No.: (000) 000-0000
Facsimile No.: (000) 000-0000

THE HUNTINGTON NATIONAL BANK,
as a Related Committed Purchaser for The Huntington National Bank

Address:
00 X. Xxxx Xxxxxx
Xxxxxxxx, Xxxx 00000
Attention: Xxxx Xxxxxxxx
Telephone No.: (000) 000-0000
Facsimile No.: (000) 000-0000

THE HUNTINGTON NATIONAL BANK,
as Purchaser Agent for The Huntington National Bank

Address:
00 X. Xxxx Xxxxxx
Xxxxxxxx, Xxxx 00000
Attention: Xxxx Xxxxxxxx
Telephone No.: (000) 000-0000
Facsimile No.: (000) 000-0000

HERNING ENTERPRISES, INC.,
as Originator solely in recognition of Section 6.17

Address:
000 Xxxx Xxxxxxx Xxxxxx Xxxxx
Xxxxx 000
Xxxxxxxxxx, Xxxxxxxxxxxx 00000
Attention: Vice President and Treasurer
Telephone: (000) 000-0000
Facsimile: (000) 000-0000

Schedule IV-6

SCHEDULE VII

SCHEDULED COMMITMENT TERMINATION DATE

PNC BANK, NATIONAL ASSOCIATION,
as a Related Committed Purchaser for Market Street Funding LLC

Scheduled Commitment Termination Date: September 6, 2013

FIFTH THIRD BANK,
as a Related Committed Purchaser for Fifth Third Bank

Scheduled Commitment Termination Date: September 6, 2013

XXXXX FARGO BANK, NATIONAL ASSOCIATION,
as a Related Committed Purchaser for Xxxxx Fargo Bank, National Association

Scheduled Commitment Termination Date: September 6, 2013

U.S. BANK NATIONAL ASSOCIATION,
as a Related Committed Purchaser for U.S. Bank National Association

Scheduled Commitment Termination Date: September 6, 2013

THE PRIVATEBANK AND TRUST COMPANY,
as a Related Committed Purchaser for The PrivateBank and Trust Company

Scheduled Commitment Termination Date: September 6, 2013

THE HUNTINGTON NATIONAL BANK,
as a Related Committed Purchaser for The Huntington National Bank

Scheduled Commitment Termination Date: September 6, 2013

Schedule VII-1