Contract
Exhibit 10.37
EXECUTION VERSION
AMENDMENT NO. 3, dated as of October 29, 2009 (this “Amendment No. 3”), among CAMBIUM
LEARNING, INC., a Delaware corporation (“Borrower”), BARCLAYS BANK PLC, as Administrative Agent,
and the Lenders party hereto, in each case listed on the signature pages hereto, to the Credit
Agreement dated as of April 12, 2007 (as waived and amended by the Limited Waiver and Amendment
(“Amendment No. 1”), dated as of May 20, 2008, such Amendment No. 1 as extended by the letter
agreement dated July 15, 2008 (“Letter Agreement”), as amended by the Permanent Waiver and
Amendment (“Amendment No. 2”), dated as of August 22, 2008, as further amended, supplemented,
amended and restated, extended or otherwise modified from time to time) (the “Credit Agreement”)
among Borrower, VSS-CAMBIUM HOLDINGS IV, LLC, a Delaware limited liability company and successor to
VSS-CAMBIUM HOLDINGS, LLC (“Holdings”), the Subsidiary Guarantors, each lender from time to time
party thereto (collectively, the “Lenders” and individually, a “Lender”), CREDIT SUISSE SECURITIES
(USA) LLC, as co-syndication agent (in such capacity, “Co-Syndication Agent”), BNP PARIBAS, as
co-syndication agent (in such capacity, “Co-Syndication Agent” and together with the other
Co-Syndication Agent, the “Syndication Agents”), TD Securities (USA) LLC, as documentation agent
(in such capacity, “Documentation Agent”), and BARCLAYS BANK PLC, as issuing bank (in such
capacity, “Issuing Bank”), as administrative agent (in such capacity, “Administrative Agent”) for
the Lenders and as collateral agent (in such capacity, “Collateral Agent”) for the Secured Parties
and the Issuing Bank. Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the Credit Agreement.
WHEREAS, pursuant to Section 6.21 of the Credit Agreement and as documented by the
joinder agreements to each of the Credit Agreement, the Security Agreement and the Securities
Pledge Agreement, in each case dated as of June 18, 2009, by and between VSS-CAMBIUM HOLDINGS IV,
LLC and the Administrative Agent and/or the Collateral Agent, as applicable, VSS-CAMBIUM HOLDINGS
IV, LLC has assumed all obligations, rights and responsibilities of VSS-CAMBIUM HOLDINGS, LLC as
Holdings under the Credit Agreement; and
WHEREAS, at the request of the Loan Parties, the Administrative Agent and the Required Lenders
have agreed to make certain amendments to the Credit Agreement, but only on the terms and
conditions set forth in this Amendment No. 3.
NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto, intending to be legally bound hereby, agree as follows:
Section 1. Amendment to the Credit Agreement.
As of the Amendment No. 3 Effective Date (as defined in Section 3 below), the Credit
Agreement shall be deemed modified to reflect the following:
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(i) Section 1.01 of the Credit Agreement is amended by including the following
defined terms therein in appropriate alphabetical order:
“Amendment No. 3” shall mean Amendment No. 3, dated as of
the Amendment No. 3 Effective Date, which amends this Agreement.
“Amendment No. 3 Effective Date” shall mean October 29, 2009.
“CV Holdings” shall mean Cambium-Voyager Holdings, Inc., a Delaware
corporation.
“LAZEL” shall mean LAZEL, Inc., a Delaware corporation.
“LAZEL Drop Down” shall mean the series of distributions and contributions
of the Equity Interests of LAZEL made by Affiliates of the Borrower by which
LAZEL becomes a Wholly Owned Subsidiary of Borrower.
“Merger Transactions” shall mean all of the transactions contemplated by and
consummated pursuant to the Vowel Merger Agreement.
“Sale” shall have the meaning assigned to such term in Section
8.01(o).
“Vowel Merger Agreement” shall mean that certain Agreement and Plan of
Mergers dated as of June 20, 2009, by and among CV Holdings, Voyager
Learning Company, Vowel Acquisition Corp., Consonant Acquisition Corp.,
VSS-Cambium Holdings II Corp. and Vowel Representative, LLC.
(ii) Section 1.01 of the Credit Agreement is amended by amending or restating
the following defined terms as follows:
(a) the definition of “Change in Control” shall be amended and restated in its
entirety as follows:
“A “Change in Control” shall be deemed to have occurred if:
(a) CV Holdings at any time ceases to own, directly or indirectly,
100% of the Equity Interests of Holdings;
(b) Holdings at any time ceases to own 100% of the Equity Interests
of Borrower;
(c) at any time a change of control occurs under any documentation
evidencing Material Indebtedness;
(d) (i) one or more of the Permitted Holders (collectively) shall
fail to own, or to have the power to vote or direct the voting of CV
Holdings representing, more than 35% of the voting power of CV
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Holdings, (ii) one or more of the Permitted Holders (collectively)
cease to own Equity Interests representing more than 35% of the total
economic interests of the Equity Interests of CV Holdings, or (iii)
unless one or more of the Permitted Holders have the right to
designate a majority of the Board of Directors of CV Holdings, any
“person” or “group” (as such terms are used in Sections 13(d) and
14(d) of the Exchange Act), other than one or more Permitted Holders,
is or becomes the beneficial owner (as defined in Rules 13d-3 and
13d-5 under the Exchange Act, except that for purposes of this clause
such person or group shall be deemed to have “beneficial ownership”
of all securities that such person or group has the right to acquire,
whether such right is exercisable immediately or only after the
passage of time), directly or indirectly, of the voting power of CV
Holdings representing either (w) a greater percentage of the voting
power of CV Holdings than that beneficially owned or controlled by
the Permitted Holders, (x) a greater percentage of the total economic
interests of the Equity Interests of CV Holdings than that
beneficially owned by the Permitted Holders, (y) 50% or more of the
voting power of CV Holdings or (z) 50% or more of the total economic
interests of the Equity Interests of CV Holdings; or
(e) during any period of two consecutive years, individuals who at
the beginning of such period constituted the Board of Directors of CV
Holdings or Holdings (as applicable) (together with any new directors
whose election to such Board of Directors or whose nomination for
election was endorsed by a vote of a majority of the members of the
Board of Directors of CV Holdings or Holdings (as applicable), which
members comprising such majority are then still in office and were
either directors at the beginning of such period or whose election or
nomination for election was previously so endorsed) cease for any
reason to constitute a majority of the Board of Directors of CV
Holdings or Holdings, as the case may be.
For purposes of this definition, a person shall not be deemed to have
beneficial ownership of Equity Interests subject to a stock purchase
agreement, merger agreement or similar agreement (but not including
any warrant, option agreement, voting agreement, stockholders
agreement or similar instrument or agreement) until the consummation
of the transactions contemplated by such agreement.”
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(b) the definition of “Consolidated EBITDA” shall be amended by deleting the
“and” at the end of subclause (x)(ii)(n) and inserting the following subclauses (o)
through (t) immediately following subclause (n):
“(o) for the first eight consecutive fiscal quarters following a
Permitted Acquisition, including, without limitation, the Merger
Transactions, the amount by which deferred revenue, which if not for
a Permitted Acquisition (including, without limitation, the Merger
Transactions) would be recognized during such period, was reduced as
a result of a purchase accounting adjustment,
(p) the costs and expenses (including, without limitation, legal,
accounting, financial advisory and third-party consultant fees and
expenses) incurred in connection with (i) the Merger Transactions and
(ii) the LAZEL Drop Down; provided that such costs and expenses in
(i) and (ii) above (x) are incurred within the 12-month period
immediately prior, and/or immediately subsequent, to the Amendment
No. 3 Effective Date and (y) do not exceed $24.0 million in the
aggregate,
(q) costs and expenses related to sales of owned Real Property and
assignments, sub-leases or terminations of Leases in connection with
the Merger Transactions that are incurred within the 12-month period
immediately following the Amendment No. 3 Effective Date, not to
exceed $2.0 million in the aggregate,
(r) costs and expenses related to employee and officer severance and
termination incurred within the 12-month period immediately
subsequent to the Amendment No. 3 Effective Date, not to exceed $5.0
million in the aggregate,
(s) costs and expenses related to mergers, consolidations or
acquisitions permitted by Section 6.07, whether or not
consummated; provided that (a) such costs and expenses related to
such mergers, consolidations or acquisitions that are consummated are
incurred within the 12-month period immediately prior to and/or
immediately subsequent to the consummation of the applicable merger,
consolidation or acquisition and shall not exceed $5.0 million and
(b) costs and expenses related to mergers, consolidations or
acquisitions which are not consummated shall not exceed $500,000 in
any calendar year and $2.0 million in the aggregate,
(t) nonrecurring integration costs and expenses arising from and
related to the Merger Transactions, including, but not limited to,
(i) re-branding (including, without limitation, company signage,
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business cards, stationery), (ii) employee training, (iii) website
integration, (iv) technology, (v) data migration and (vi) transfer of
inventory, in each case solely to the extent such lost and expenses
(x) have been incurred within 12 months of the Amendment No. 3
Effective Date and (y) do not exceed $3.0 million in the aggregate,
and”
(c) the last paragraph of the definition of “Consolidated Net Income” shall be
amended by replacing the terms “gain” and “loss” wherever those terms appear with
the terms “income” and “expense”, respectively, in the definition of “nonrecurring”.
(d) the definition of “Management Services Agreement” shall be amended and
restated in its entirety as follows:
“Management Services Agreement” shall mean that certain Fee Agreement
by and among CV Holdings and VSS Fund Management LLC, a Controlled
Investment Affiliate of the Sponsor (“VSS LLC”) dated as of July 24,
2009, as amended, restated, supplemented or modified from time to
time.”
(e) the definition of “Material Indebtedness” shall be amended by deleting the
words “$5.0 million” and replacing them with the words “$7.5 million”.
(f) the definition of “Permitted Acquisition” shall be amended by amending and
restating clause (vii) in its entirety as follows:
“(vii) the Acquisition Consideration (exclusive of any amounts
financed by Excluded Issuances) for such acquisition shall not exceed
(exclusive of the Merger Transactions) $20.0 million; provided that
if (a) the First Lien Leverage Ratio is less than 2.50 to 1.0 and (b)
the Total Leverage Ratio is less than 3.50 to 1.0, in each case
calculated on a Pro Forma Basis after giving effect to such
acquisition as of the most recent Test Period (including the
assumptions provided for in clause (ii)(x) of this definition above),
the Acquisition Consideration (exclusive of any amounts financed by
Excluded Issuances) for such acquisition shall not exceed (exclusive
of the Merger Transactions) $100.0 million; provided further that (x)
the aggregate amount of the Acquisition Consideration (exclusive of
any amounts financed by Excluded Issuances) for all Permitted
Acquisitions since the Amendment No. 3 Effective Date shall not
exceed (exclusive of the Merger Transactions) $150.0 million and (y)
any Equity Interests constituting all or a portion of
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such Acquisition Consideration shall not have a cash dividend
requirement on or prior to the Final Maturity Date; and”
(g) the definition of “Permitted Holders” shall be amended by inserting “and
Section 6.09(e)(B)” in the proviso immediately following the phrase, “for
purposes of the definition of ‘Change of Control’”.
(h) the definition of “Test Period” shall be amended by inserting “(i)”
immediately following “(b)” where it first appears.
(iii) Section 2.19(b)(iii) shall be amended by inserting “(i)” immediately
following “(b)” where it first appears.
(iv) The last sentence of Section 3.04(a) shall be amended by (x) replacing the
“,” immediately after the words “Sections 5.01(a)” with the word “and”, (y)
inserting “(i)” immediately following “(b)” where it first appears and (z) deleting
the phrase “and c” within such sentence.
(v) Section 5.01 of the Credit Agreement shall be amended by (w)(i) replacing
the phrase “within 105 days” in Section 5.01(a)(i) with the phrase “within 90 days”
and (ii) replacing the phrase “an opinion of Ernst & Young LLP” in Section
5.01(a)(i) with the phrase “an opinion of Ernst & Young LLP, Xxxxx Xxxxxxxx LLP or
Whitley Penn LLP”, (x) amending and restating Section 5.01(b)(ii) in its entirety as
follows:
“and (ii) as soon as available and in any event within 30 days after
the end of each calendar month, (1) commencing with the calendar
month ended April 30, 2010, the consolidated order volumes of
Borrower and the Subsidiaries and (2) commencing with the first full
calendar month ended after the Amendment No. 3 Effective Date (w) the
outstanding balances for each Class of Loans outstanding under this
Agreement, (x) the total amount of cash and Cash Equivalents held by
Holdings, Borrower and the Subsidiaries on a consolidated basis, (y)
a certificate of a Financial Officer of Borrower containing a
comparison of the consolidated expenses of Holdings, Borrower and the
Subsidiaries as compared to the estimate of such expenses included as
part of the budget delivered pursuant to Section 5.01(g) and
(z) a summary narrative report and management’s discussion and
analysis of the financial condition and results of operations for
such month and the then elapsed portion of the fiscal year, as
compared to the budgeted amounts;”,
(y) amending subclauses (c) and (k) of Section 5.01 by inserting “(i)”
immediately following “(b)” where it first appears, in each case, and
(z) amending Section 5.01(g) by inserting the parenthetical “(and including
estimates of the consolidated expenses of Holdings, Borrower and the Subsidiaries on
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a monthly basis)” immediately after the phrase “for each fiscal quarter” and
deleting the phrase “prepared in summary form,” where it appears in such Section.
(vi) Section 6.08 of the Credit Agreement is amended by (w) amending and
restating Section 6.08(b) in its entirety as follows:
“(b) (A) payments to Holdings to permit Holdings, and the subsequent
use of such payments by Holdings, to repurchase or redeem Qualified
Capital Stock of Holdings held by officers, directors or employees or
former officers, directors or employees (or their transferees,
estates or beneficiaries under their estates) of any Company, upon
their death, disability, retirement, severance or termination of
employment or service and (B) direct or indirect payments to CV
Holdings to permit CV Holdings and any of its Subsidiaries, and the
subsequent use of such payments by CV Holdings and any of its
Subsidiaries, to repurchase or redeem Qualified Capital Stock of CV
Holdings and any of its Subsidiaries held by officers, directors or
employees or former officers, directors or employees (or their
transferees, estates or beneficiaries under their estates) of any
Company, upon their death, disability, retirement, severance or
termination of employment or service; provided that the aggregate
cash consideration paid for all such redemptions and payments shall
not exceed, in any fiscal year, the sum of (x) $2.0 million, plus (y)
the amount of any Net Cash Proceeds received by Holdings or CV
Holdings and contributed to Borrower from the issuance and sale since
the issue date of Qualified Capital Stock of Holdings or CV Holdings
(other than the Cure Amounts or amounts contributed for purposes of
making Capital Expenditures) to officers, directors or employees of
any Company that have not been used to make any repurchases,
redemptions or payments under this clause (b), plus (z) the net cash
proceeds of any “key-man” life insurance policies of any Company that
have not been used to make any repurchases, redemptions or payments
under this clause (b);”
,(x) placing the phrase “direct or indirect” in front of the word “parent”
everywhere that it appears in Section 6.08(c)(C) and Section
6.08(c)(D), (y) placing the parenthetical “(including costs and other expenses
related to the maintenance of such direct or indirect parent as a public company
subject to the Securities Act and the Exchange Act and the rules and regulations
thereunder)” after the phrase “other expenses” in Section 6.08(c)(D) and (z)
deleting “$250,000” in Section 6.08(c)(D) and replacing it with
“$3,000,000”.
(vii) Section 6.09(e) is amended and restated in its entirety as follows:
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“(e) so long as no Default exists and the Administrative Agent has
received the most current version of the Management Services
Agreement, (x) at the times specified and the amounts set forth in
the Management Services Agreement, the payment of (i) transaction
fees to VSS LLC or its Controlled Investment Affiliates (together,
the “VSS Entities”) not exceed 1% of the enterprise value in respect
of the transaction pursuant to which such fees are owed and (ii) all
other investment banking fees and related reasonable and documented
expenses payable to the VSS Entities; provided that payments in
respect of monitoring, advisory, oversight or other similar fees
shall not be permitted; (y) reasonable and documented fees and
out-of-pocket expenses payable to the directors (including the
chairman) of the Board of Directors of CV Holdings in connection with
their responsibilities and services as board members in an aggregate
amount not to exceed $750,000 per fiscal year; and (z) payments in
respect of the Merger Transactions in an amount not to exceed
$3,000,000 in the aggregate may be made by the Borrower to the VSS
Entities and any other Permitted Holders on an upfront or deferred
basis as agreed among the Borrower and such Persons.”
(viii) Section 8.01 of the Credit Agreement is amended by (x) deleting the word
“or” immediately after Section 8.01(m), (y) placing the word “or” immediately after
Section 8.01(n) and (z) adding a new Section 8.01(o) as follows:
“(o) Any VSS Entity effects any conveyance, sale, lease, sublease,
assignment, transfer or other disposition (including by way of merger
or consolidation and including Sale and Leaseback Transactions) (each
such conveyance, sale, lease, sublease, assignment or other such
disposition, a “Sale”) of the Equity Interests of CV Holdings that
any VSS Entity owns, directly or indirectly; provided that any such
Sales shall not constitute an Event of Default pursuant to this
paragraph (o) so long as (i) the VSS Entities directly or indirectly
own or have the power to vote or direct the voting of CV Holdings
representing more than 35% of the voting power of CV Holdings in the
aggregate and own Equity Interests representing more than 35% of the
total economic interest of the Equity Interests of CV Holdings in the
aggregate and (ii) such Sales by the VSS Entities in the aggregate do
not exceed 15% of the VSS Entities direct or indirect aggregate
ownership of Equity Interests in CV Holdings as of the Amendment No.
3 Effective Date, provided further that any such Sales in excess of
such aggregate percentage shall require the consent of the Required
Lenders;”
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(ix) Section 10.12 of the Credit Agreement is amended by inserting the
following paragraph at the end:
“Notwithstanding anything contained herein to the contrary, each of
the Administrative Agent, the Lenders and the Issuing Bank
acknowledges that (a) the Information may include material non-public
information concerning CV Holdings or any of its Subsidiaries, as the
case may be, (b) it has developed compliance procedures regarding the
use of material non-public information and (c) it will handle such
material non-public information in accordance with applicable Law,
including United States Federal and state securities laws.”
Section 2. Representations and Warranties.
Borrower represents and warrants to the Lenders as of the date hereof that:
(a) The execution, delivery and performance of this Amendment No. 3 have been duly
authorized by all necessary corporate action by Borrower, and (i) do not require any consent
or approval of, registration or filing with, or any other action by, any Governmental
Authority, (ii) will not violate the Organizational Documents of any Loan Party, (iii) will
not violate any Requirement of Law, (iv) will not violate or result in a default or require
any consent or approval under any indenture, agreement or other instrument binding upon any
Loan Party or its property, or give rise to a right thereunder to require any payment to be
made by any Loan Party, and (v) will not result in the creation or imposition of any Lien on
any property of any Loan Party, except Liens created by the Loan Documents and Permitted
Liens;
(b) This Amendment No. 3 constitutes the legal, valid and binding obligations of
Borrower enforceable against Borrower and the other Loan Parties in accordance with its
terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other
laws affecting creditors’ rights generally and subject to general principles of equity,
regardless of whether considered in a proceeding in equity or at law;
(c) On and as of the Amendment No. 3 Effective Date (giving effect to this Amendment
No. 3), each of the representations and warranties made by any Loan Party contained in
Article III of the Credit Agreement and each other Loan Document is true and correct in all
material respects (except that any representation and warranty that is qualified as to
“materiality” or “Material Adverse Effect” shall be true and correct in all respects on and
as of the Amendment No. 3 Effective Date as if made on and as of such date and except to the
extent that such representations and warranties specifically relate to an earlier date); and
(d) At the time of and after giving effect to this Amendment No. 3, no Default or Event
of Default has occurred and is continuing.
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Section 3.
Conditions.
This Amendment No. 3 shall become effective as of the date (the “Amendment No. 3 Effective
Date”) when, and only when, each of the following conditions precedent shall have been (or is or
will be substantially concurrently therewith) satisfied:
(a) The Administrative Agent (or its counsel) shall have received from each of Borrower
and the Required Lenders either (i) a counterpart of this Amendment No. 3 signed on behalf
of Borrower and the Required Lenders or (ii) written evidence satisfactory to the
Administrative Agent (which may include facsimile transmission or other electronic
communication permitted under the Credit Agreement of a signed signature page of this
Amendment No. 3) that each of Borrower and the Required Lenders has signed a counterpart of
this Amendment No. 3;
(b) Borrower shall have paid (or have caused to be paid) to the Administrative Agent,
for the benefit of each Lender who consents to this Amendment No. 3 on or prior to 5:00
p.m., New York City time, on October 28, 2009, a fee (in immediately available funds) on the
Amendment No. 3 Effective Date in an amount equal to 20 basis points of each such Lender’s
outstanding Loans and unused Revolving Commitments as of the Business Day ending immediately
prior to the Amendment No. 3 Effective Date;
(c) Except with respect to the amendments to the Credit Agreement set forth in Section
1(ii)(c) and Section 1(ix) of this Amendment No. 3, (which amendments shall become effective
on the date this Amendment No. 3 has been executed by Borrower and the Required Lenders and
to the extent all the other conditions in this Section 3 have been satisfied) the Merger
Transactions shall have been consummated; and
(d) Borrower shall have paid (or have caused to be paid), in each case to the extent
invoiced prior to the Amendment No. 3 Effective Date, all reasonable out-of-pocket costs and
expenses of the Administrative Agent in connection with the preparation, reproduction,
execution and delivery of this Amendment (including, without limitation, the reasonable
fees, charges, disbursements and out-of-pocket expenses of Xxxxxx Xxxxxx & Xxxxxxx LLP with
respect thereto).
Section 4. Covenants.
As soon as possible, but in any event no later than 75 Business Days after the Amendment No. 3
Effective Date, Borrower and its Affiliates shall have consummated the LAZEL Drop Down.
Section 5. Ratification of Merger Transactions.
Lenders who deliver their consent to this Amendment No. 3 hereby ratify and confirm that
the Merger Transactions comply with the terms of the Credit Agreement (without giving effect to
this Amendment No. 3), subject to any modification, amendment, supplement or waiver of the Vowel
Merger Agreement subsequent to the Amendment No. 3 Effective Date.
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Section 6. Expenses.
Borrower agrees to promptly reimburse the Administrative Agent for its reasonable
out-of-pocket expenses incurred in connection with this Amendment No. 3, including the reasonable
fees, charges and disbursements of Xxxxxx Xxxxxx & Xxxxxxx llp.
Section 7. Counterparts.
This Amendment No. 3 may be executed in any number of counterparts and by different parties
hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be
an original, but all of which when taken together shall constitute a single instrument. Delivery
of an executed counterpart of a signature page of this Amendment No. 3 by facsimile transmission or
electronic email affirmation shall be effective as delivery of a manually executed counterpart
hereof.
Section 8. Applicable Law; Jurisdiction; Consent to Service of Process.
THIS AMENDMENT NO. 3 SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK. The waiver of venue, waiver of jury trial, jurisdiction and consent to service
of process provisions set forth in Sections 10.09 and 10.10 of the Credit Agreement
are hereby incorporated by reference, mutatis mutandis, in this Amendment No. 3.
Section 9. Headings.
The headings of this Amendment No. 3 are for purposes of reference only and shall not limit or
otherwise affect the meaning hereof.
Section 10. Effect of Amendment No. 3.
Except as expressly set forth herein, this Amendment No. 3 shall not by implication or
otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the
Lenders or the Agents under the Credit Agreement or any other Loan Document, and shall not alter,
modify, amend or in any way affect any of the terms, conditions, obligations, covenants or
agreements contained in the Credit Agreement or any other provision of the Credit Agreement or any
other Loan Document, all of which are ratified and affirmed in all respects and shall continue in
full force and effect. By executing and delivering a copy hereof, each applicable Loan Party
hereby agrees and confirms that all Loans and Obligations shall be guaranteed and secured pursuant
to the Loan Documents as provided therein.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 3 to be duly executed as
of the date first above written.
| CAMBIUM LEARNING, INC. |
||||
| By: | /s/ Xxxxx Xxxxxxxx | |||
| Name: | Xxxxx Xxxxxxxx | |||
| Title: | Vice President | |||
[Amendment No. 3 Signature Page]
| BARCLAYS BANK PLC, as
Administrative Agent, Issuing Bank and Collateral Agent |
||||
| By: | /s/ Xxxxx Xxxxx | |||
| Name: | Xxxxx Xxxxx | |||
| Title: | Director | |||
[Amendment
No. 3 to Signature Page]
| Barclays Bank PLC, as a Lender | ||||
| By: | /s/ Xxxxx Xxxxx | |||
| Name: | Xxxxx Xxxxx | |||
| Title: | Director | |||
| [If a second signature is necessary:] |
||||
| By: | ||||
| Name: | ||||
| Title: | ||||
[Amendment
No. 3 to Cambium Credit Agreement]
| BNP Paribas, as a Lender | ||||
| By: | /s/ Xxx Xxxxxxxxx | |||
| Name: | Xxx Xxxxxxxxx | |||
| Title: | Director | |||
| [If a second signature is necessary:] |
||||
| By: | /s/ Xxxxxxxxx Xxxx | |||
| Name: | Xxxxxxxxx Xxxx | |||
| Title: | Associate | |||
[Amendment
No. 3 to Cambium Credit Agreement]
| COPPER
RIVER CLO LTD, as a Lender (Tranche
B) |
||||
| By: | Guggenheim Investment Management, LLC, as Collateral Manager | |||
| By: | /s/ Xxxxxxx Xxxxx | |||
| Name: | Xxxxxxx Xxxxx | |||
| Title: | Director | |||
| [If a second signature is necessary:] |
||||
| By: | N/A | |||
| Name: | ||||
| Title: | ||||
[Amendment
No. 3 to Cambium Credit Agreement]
| SANDS
POINT FUNDING, as a Lender (Tranche
B) |
||||
| By: | Guggenheim Investment Management, LLC, as Collateral Manager | |||
| By: | /s/ Xxxxxxx Xxxxx | |||
| Name: | Xxxxxxx Xxxxx | |||
| Title: | Director | |||
| [If a second signature is necessary:] |
||||
| By: | N/A | |||
| Name: | ||||
| Title: | ||||
[Amendment
No. 3 to Cambium Credit Agreement]
| ORPHEUS
FUNDING LLC, as a Lender (Tranche
B) |
||||
| By: | Guggenheim Investment Management, LLC, as Manager | |||
| By: | /s/ Xxxxxxx Xxxxx | |||
| Name: | Xxxxxxx Xxxxx | |||
| Title: | Director | |||
| [If a second signature is necessary:] |
||||
| By: | N/A | |||
| Name: | ||||
| Title: | ||||
[Amendment
No. 3 to Cambium Credit Agreement]
| NZC
GUGGENHEIM MASTER FUND LIMITED, as a Lender (Tranche
B) |
||||
| By: | Guggenheim Investment Management, LLC, as Collateral Manager | |||
| By: | /s/ Xxxxxxx Xxxxx | |||
| Name: | Xxxxxxx Xxxxx | |||
| Title: | Director | |||
| [If a second signature is necessary:] |
||||
| By: | N/A | |||
| Name: | ||||
| Title: | ||||
[Amendment
No. 3 to Cambium Credit Agreement]
| WELLWATER
LLC, as a Lender (Tranche
B) |
||||
| By: | Guggenheim Investment Management, LLC, as Manager | |||
| By: | /s/ Xxxxxxx Xxxxx | |||
| Name: | Xxxxxxx Xxxxx | |||
| Title: | Director | |||
| [If a second signature is necessary:] |
||||
| By: | N/A | |||
| Name: | ||||
| Title: | ||||
[Amendment
No. 3 to Cambium Credit Agreement]
| BDIF
LLC, as a Lender (Tranche
B) |
||||
| By: | Guggenheim Investment Management, LLC, as Manager | |||
| By: | /s/ Xxxxxxx Xxxxx | |||
| Name: | Xxxxxxx Xxxxx | |||
| Title: | Director | |||
| [If a second signature is necessary:] |
||||
| By: | N/A | |||
| Name: | ||||
| Title: | ||||
[Amendment
No. 3 to Cambium Credit Agreement]
| CREDIT
SUISSE, Cayman Islands Branch, as a Lender |
||||
| By: | /s/ Xxxxxx X. Xxxxx | |||
| Name: | Xxxxxx X. Xxxxx | |||
| Title: | Director | |||
| [If a second signature is necessary:] |
||||
| By: | /s/ Xxxxx Xxxxxxxx | |||
| Name: | Xxxxx Xxxxxxxx | |||
| Title: | Associate | |||
| GoldenTree
Credit Opportunities Financing I, Limited |
||||
| By: | GoldenTree
Asset Management, LP, as a Lender |
|||
| By: | /s/ Xxxxx Xxxxx | |||
| Name: | Xxxxx Xxxxx | |||
| Title: | Director — Bank Debt | |||
[Amendment No. 3 Signature Page]
| GoldenTree
Loan Opportunities IV, Limited |
||||
| By: | GoldenTree
Asset Management, LP, as a Lender |
|||
| By: | /s/ Xxxxx Xxxxx | |||
| Name: | Xxxxx Xxxxx | |||
| Title: | Director — Bank Debt | |||
[Amendment No. 3 Signature Page]
| GoldenTree
Loan Opportunities III, Limited |
||||
| By: | GoldenTree
Asset Management, LP, as a Lender |
|||
| By: | /s/ Xxxxx Xxxxx | |||
| Name: | Xxxxx Xxxxx | |||
| Title: | Director — Bank Debt | |||
[Amendment No. 3 Signature Page]
| GoldenTree
Credit Opportunities Second Financing, Limited |
||||
| By: | GoldenTree
Asset Management, LP, as a Lender |
|||
| By: | /s/ Xxxxx Xxxxx | |||
| Name: | Xxxxx Xxxxx | |||
| Title: | Director — Bank Debt | |||
[Amendment No. 3 Signature Page]
| GoldenTree
2004 Trust |
||||
| By: | GoldenTree
Asset Management, LP, as a Lender |
|||
| By: | /s/ Xxxxx Xxxxx | |||
| Name: | Xxxxx Xxxxx | |||
| Title: | Director — Bank Debt | |||
[Amendment No. 3 Signature Page]
| GoldenTree
Capital Opportunities, LP |
||||
| By: | GoldenTree
Asset Management, LP, as a Lender |
|||
| By: | /s/ Xxxxx Xxxxx | |||
| Name: | Xxxxx Xxxxx | |||
| Title: | Director — Bank Debt | |||
[Amendment No. 3 Signature Page]
| Sargas
CLO I LTD. |
||||
| By: | Sargas Asset Management, LLC, its Portfolio Manger, as a Lender | |||
| By: | /s/ Xxxxxxx Xxxx | |||
| Name: | Xxxxxxx Xxxx | |||
| Title: | Assistant Secretary | |||
| [If a second signature is necessary:] | ||||
| By: | ||||
| Name: | ||||
| Title: | ||||
[Amendment No. 3 to Cambium Credit Agreement]
| TORONTO
DOMINION (TEXAS) LLC |
||||
| By: | /s/ Xxx X. Xxxxxx | |||
| Name: | Xxx X. Xxxxxx | |||
| Title: | Authorized Signatory | |||
[Amendment No. 3 Signature Page]
