July 29, 2010
Exhibit 4.4
July 29, 0000
Xxxxxxxx Xxxx XX Xxx Xxxx Xxxxxx
XXX Xxxxx Xxxxxxx—MNC/Industrials
00 Xxxx Xxxxxx, Xxxxxxxx: NYC 00-0000
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxx Xxxxxxx
XXX Xxxxx Xxxxxxx—MNC/Industrials
00 Xxxx Xxxxxx, Xxxxxxxx: NYC 00-0000
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxx Xxxxxxx
Re: | Third Amendment dated the date hereof to Loan Agreement dated as of April 1, 2010 (the “Original Loan Agreement”), among Telvent USA, Inc., Telvent Farradyne Inc., Telvent Miner & Miner, Inc., and Telvent Traffic North America Inc. (collectively, the “Borrowers”, and each, a “Borrower”), and Deutsche Bank AG New York Branch (the “Lender”), as amended by that certain letter agreement dated April 7, 2010 (the “First Amendment”), among the Borrowers and the Lender, and as further amended by that certain Second Amendment dated June 29, 2010 (the “Second Amendment”, and together with the Original Loan Agreement and the First Amendment, the “Loan Agreement”), among Telvent USA, Inc., Telvent Farradyne Inc., and Telvent Miner & Miner, Inc. |
Ladies and Gentlemen:
Reference is made to (a) (1) the merger of Telvent Traffic North America Inc. into Telvent
Farradyne Inc. on April 13, 2010, as a result of which Telvent Farradyne Inc. became a Borrower for
itself and as successor to Telvent Traffic North America Inc., (2) the merger of Telvent Miner &
Miner, Inc. into Telvent Farradyne Inc. on June 30, 2010, as a result of which Telvent Farradyne
Inc. became a Borrower for itself and also as a successor to Telvent Miner & Miner, Inc., (3) the
merger of Telvent USA, Inc. into Telvent Farradyne Inc. on June 30, 2010, as a result of which
Telvent Farradyne Inc. became a Borrower for itself and also as a successor to Telvent USA, Inc.,
as a result of which events described in the foregoing clauses (a)(1), (2) and (3), Telvent
Farradyne Inc. became the only existing Borrower under the Loan Agreement, and (4) the name change
of “Telvent Farradyne Inc.” to “Telvent USA Corporation” that occurred on June 30, 2010, as a
result of which the only existing Borrower’s name became Telvent USA Corporation (the “Existing
Borrower”), and (b) the Loan Agreement, which Existing Borrower and Guarantor desire to amend
as provided herein. Accordingly, in consideration of the mutual agreements contained in the Loan
Agreement and herein and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Existing Borrower, Guarantor and Lender hereby agree as follows
(capitalized terms used but not defined herein shall have the meanings assigned thereto in the Loan
Agreement):
1. Effective July 29, 2010, the definition of “Commitment Amount” in Section 1.1 of the Loan
Agreement shall be amended and restated hereby in its entirety to read as follows:
“‘Commitment Amount’ means $17,500,000 unless said amount is reduced pursuant to
Section 2.7, in which event it means the amount to which said amount is reduced.”
2. Effective July 29, 2010, the definition of “Commitment Termination Date” in Section 1.1 of
the Loan Agreement shall be amended and restated hereby in its entirety to read as follows:
“‘Commitment Termination Date’ means October 29, 2010, or the earlier date of
termination in whole of the Commitment pursuant to Sections 2.7 or 7.2.”
3. As a result of the mergers of the Borrowers and the change of name of “Telvent Farradyne
Inc.” to “Telvent USA Corporation”, as described in the first paragraph hereof, the definition of
“Borrower” in Section 1.1 of the Loan Agreement shall be amended and restated hereby in its
entirety to read as follows:
“‘Borrowers’ means Telvent USA Corporation, formerly known as “Telvent Farradyne Inc.”
and as successor in interest to Telvent USA, Telvent Miner and Telvent Traffic.”
4. Existing Borrower and Guarantor represent and warrant to Lender that as of the date hereof
(i) no Event of Default or other event that with notice or lapse of time or both would constitute
such an Event of Default has occurred and is continuing, and (ii) all representations and
warranties contained in the Loan Agreement and herein are true and correct in all material respects
as of the date hereof (except where such representations and warranties expressly relate to a
specified date, in which case they were true and correct in all material respects as of such
earlier date).
5. The Loan Agreement, as amended hereby, is hereby ratified and confirmed and shall continue
in full force and effect. All references in the Loan Documents to the Loan Agreement shall be
deemed to be references to the Loan Agreement as amended hereby, and as the same may be further
amended, supplemented or otherwise modified from time to time.
6. This Amendment shall be construed in accordance with and governed by the law of the State
of New York.
7. If any provision of this Amendment is held illegal or unenforceable, the validity of the
remaining provisions shall not be affected.
8. This Amendment may be executed in any number of counterparts, each of which shall be deemed
an original, and all of which taken together shall constitute but one agreement. Delivery of an
executed signature page of this Amendment by any electronic means that reproduces an image of the
actual executed signature page shall be effective as delivery of a manually executed counterpart
hereof.
[Signature pages follow]
2
Very truly yours, | ||||||||
BORROWER: | ||||||||
TELVENT USA CORPORATION, a Maryland corporation | ||||||||
By: | /s/ Xxx Xxxxxx | |||||||
Name: | Xxx Xxxxxx | |||||||
Title: | Treasury Manager | |||||||
GUARANTOR: TELVENT GIT, S.A., a Spanish sociedad anonima |
||||||||
By: | /s/ Xxxxxx Xxxxxxxxx | |||||||
Name: | Xxxxxx Xxxxxxxxx | |||||||
Title: | Chief Finance Officer | |||||||
[Signature Page to Third Amendment to Loan Agreement dated April 1, 2010, as amended]
ACCEPTED AND AGREED TO:
DEUTSCHE BANK AG NEW YORK BRANCH
By: |
/s/ Xxxxxx Xxxxxxxx | |||
Title: Director | ||||
By: |
/s/ Xxxxxx Xxxxxxxxx | |||
Title: Vice President |
[Signature Page to Third Amendment to Loan Agreement dated April 1, 2010, as amended]