Exhibit 10
SECOND AMENDMENT
SECOND AMENDMENT, dated as of February 1, 2001 (this "Amendment"), to
the Credit Agreement, dated as of January 27, 1998 (as amended by the First
Amendment,dated as of March 20, 2000, the "Credit Agreement"), among LEXMARK
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INTERNATIONAL, INC., a Delaware corporation (as successor by merger with Lexmark
International Group, Inc., the "Borrower"), the several banks and other
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financial institutions from time to time parties thereto (the "Lenders"), FLEET
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NATIONAL BANK, as documentation agent for the Lenders (in such capacity, the
"Documentation Agent"), XXXXXX GUARANTY TRUST COMPANY OF NEW YORK, as
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syndication agent for the Lenders (in such capacity, the "Syndication Agent"),
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and THE CHASE MANHATTAN BANK, as administrative agent for the Lenders (in such
capacity, the "Administrative Agent").
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W I T N E S S E T H:
WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to
make certain loans and other extensions of credit to the Borrower; and
WHEREAS, the Borrower has requested, and, upon this Amendment becoming
effective, the Lenders have agreed, that certain provisions of the Credit
Agreement be amended in the manner provided for in this Amendment;
NOW, THEREFORE, the parties hereto hereby agree as follows:
1. Defined Terms. Terms defined in the Credit Agreement and used herein shall,
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unless otherwise indicated, have the meanings given to them in the Credit
Agreement.
2. Amendment to Section 1.01. Section 1.01 of the Credit Agreement is hereby
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amended by deleting the definition of "Permitted Bond Financing" contained
therein and substituting in lieu thereof the following new definition:
""Permitted Bond Financings" means the issuance, from time to time, by
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the Borrower of debt securities that (a) have no scheduled amortization
prior to January 31, 2004, and (b) have covenants and events of default
that are no more restrictive than those contained in this Agreement."
3. Amendment to Section 6.02(f). Section 6.02(f) of the Credit Agreement is
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hereby amended by deleting the words "Permitted Bond Financing" and substituting
the following words in lieu thereof:
"Permitted Bond Financings"
4. Conditions to Effectiveness. The amendments provided for herein shall
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become effective upon the receipt by the Administrative Agent of counterparts of
this Amendment duly executed and delivered by the Borrower and the Required
Lenders. The execution and delivery of this Amendment by any Lender shall be
binding upon each of its successors and assigns (including assignees of its
Commitments and Loans in whole or in part prior to effectiveness hereof) and
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binding in respect of all of its Commitments and Loans, including any acquired
subsequent to its execution and delivery hereof and prior to the effectiveness
hereof.
5. Representations and Warranties. The Borrower, as of the date hereof and
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after giving effect to the amendments contained herein, hereby confirms,
reaffirms and restates that each of the representations and warranties made by
it in or pursuant to Article III of the Credit Agreement is true and correct in
all material respects on and as of the date hereof as if made on and as of the
date hereof, except to the extent any such representation and warranty
specifically relates to an earlier date, in which case such representation and
warranty shall have been true and correct as of such earlier date; provided,
that each reference to the Credit Agreement therein shall be deemed to be a
reference to the Credit Agreement after giving effect to this Amendment.
6. Payment of Expenses. The Borrower agrees to pay or reimburse the
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Administrative Agent for all of its out-of-pocket costs and expenses incurred in
connection with the 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.
7. Reference to and Effect on the Credit Agreement; Limited Effect. On and
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after the date hereof and the satisfaction of the conditions contained in this
Amendment, each reference in the Credit Agreement to "this Agreement",
"hereunder", "hereof" or words of like import referring to the Credit Agreement
shall mean and be a reference to the Credit Agreement as amended hereby. The
execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of
any Lender under the Credit Agreement, nor constitute a waiver of any provisions
of the Credit Agreement. Except as expressly amended herein, all of the
provisions and covenants of the Credit Agreement are and shall continue to
remain in full force and effect in accordance with the terms thereof and are
hereby in all respects ratified and confirmed.
8. Counterparts. This Amendment may be executed by one or more of the parties
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hereto in any number of separate counterparts (which may include counterparts
delivered by facsimile transmission) and all of said counterparts taken together
shall be deemed to constitute one and the same instrument. Any executed
counterpart delivered by facsimile transmission shall be effective as for all
purposes hereof.
9. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
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PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and delivered by their respective proper and duly authorized
officers as of the day and year first above written.
LEXMARK INTERNATIONAL, INC.
By:/s/Xxxx X. Xxxxx
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Title: Executive Vice President &
Chief Financial Officer
THE CHASE MANHATTAN BANK, as
Administrative Agent and as a Lender
By: /s/Xxxxxx XxXxxxxx
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Name: Xxxxxx XxXxxxxx
Title: Vice President
BANK OF AMERICA, N.A.
By: /s/Xxxxx XxXxxxx
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Name: Xxxxx XxXxxxx
Title: Managing Director
THE BANK OF NEW YORK
By: /s/Xxxxxxxx X. X. Xxxxxxx
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Name: Xxxxxxxx X. X. Xxxxxxx
Title: Vice President
BANK OF TOKYO-MITSUBISHI TRUST COMPANY
By: /s/Xxxxxxx X. Van de Berghe
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Name: X. X. Van de Berghe
Title: Vice President
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BANK ONE, INDIANA N.A.
By: /s/Xxxxxxx X. Xxxxxxxx
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Name: Xxxxxxx X. Xxxxxxxx
Title: Managing Director
BARCLAYS BANK, PLC
By: /s/Xxxx Xxxxxxxx
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Name: Xxxx Xxxxxxxx
Title: Director
CITIBANK
By: /s/Xxxxxx X. Van
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Name: Xxxxxx X. Van
Title: Managing Director
DEUTSCHE BANK AG, NEW YORK BRANCH
AND/OR CAYMAN ISLANDS BRANCH
By: /s/Xxxxx X. Xxxxxxxxx, Xx.
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Name: Xxxxx X. Xxxxxxxxx, Xx.
Title: Vice President
By: /s/Xxxxxxxxx X. Xxxx
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Name: Xxxxxxxxx X. Xxxx
Title: Vice President
FLEET NATIONAL BANK
By: /s/Xxxxxx X. Head, Jr.
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Name: Xxxxxx X. Head, Jr.
Title: Director
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KEY BANK NATIONAL ASSOCIATION
By: /s/Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: Vice President
XXXXXX GUARANTY TRUST COMPANY OF NEW
YORK
By: /s/Xxxxxx X. Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
Title: Vice President
NBD BANK, N.A.
By:_____________________
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Name:
Title:
PNC BANK, N.A.
By: ____________________
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Name:
Title:
SUNTRUST BANK
By: /s/Xxxxx X. Xxxxxxx
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Name: Xxxxx X. Xxxxxxx
Title: Vice President
WESTPAC BANKING CORPORATION
By: /s/X. Xxxxxxxx
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Name: Xxxx Xxxxxxxx
Title: Vice President
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