WAIVER AND AMENDMENT NO. 1
EXECUTION COPY
TO
SIXTH AMENDED AND RESTATED CREDIT AGREEMENT
This WAIVER AND AMENDMENT NO. 1 TO SIXTH AMENDED AND RESTATED CREDIT AGREEMENT, dated as of February 26, 2016 (this “Amendment”), is by and among TUTOR PERINI CORPORATION, a Massachusetts corporation (the “Borrower”), the Guarantors party hereto, the Lenders party hereto and Bank of America, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”) and L/C Issuer. Capitalized terms which are used in this Amendment without definition and which are defined in the Credit Agreement shall have the same meanings herein as in the Credit Agreement.
R E C I T A L S:
WHEREAS, the Borrower, the Subsidiaries of the Borrower party thereto as Guarantors (the “Guarantors”), the lenders party thereto from time to time (the “Lenders”) and the Administrative Agent are parties to that certain Sixth Amended and Restated Credit Agreement, dated as of June 5, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”);
WHEREAS, the Borrower has informed the Administrative Agent, the L/C Issuer and the Lenders that Events of Default (the “Specified Defaults”) have occurred pursuant to Section 8.01(b) of the Credit Agreement due to (i) the failure of the Borrower to maintain the Consolidated Leverage Ratio required pursuant to Section 7.11(a) of the Credit Agreement with respect to the fiscal quarter ended December 31, 2015 and (ii) the failure of the Borrower to maintain the Consolidated Fixed Charge Coverage Ratio required pursuant to Section 7.11(b) of the Credit Agreement with respect to the fiscal quarter ended December 31, 2015;
WHEREAS, the Borrower, the Guarantors and the Administrative Agent are parties to that certain Fifth Amended and Restated Security Agreement, dated as of June 5, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the “Security Agreement”);
WHEREAS, the Borrower has requested that the Administrative Agent, the L/C Issuer and the Lenders waive the Specified Defaults and amend the Credit Agreement and the Security Agreement in certain respects; and
WHEREAS, the Administrative Agent, the L/C Issuer and the Lenders are willing to so waive the Specified Defaults and amend the Credit Agreement and the Security Agreement on the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, and subject to the terms and conditions hereof, the parties hereto agree as follows:
section 1. WAIVER. Subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, the Administrative Agent, the L/C Issuer and the Lenders hereby waive the Specified Defaults. |
section 2. AmendmentS to CREDIT AGREEMENT. Subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, the Credit Agreement is hereby amended as follows: |
2.1 Section 1.01 of the Credit Agreement is hereby amended to insert the following definitions therein in the proper alphabetical location: |
“Amendment Fees and Expenses” means (i) fees, costs and expenses paid in cash during the fiscal year ended December 31, 2016 in connection with the First Amendment in an aggregate amount not to exceed $9,000,000 (as such amounts may be amortized during subsequent periods in accordance with GAAP) and (ii) fees paid to the Lenders on the Amendment Effective Date in an aggregate amount not to exceed $3,700,000.
“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.
“Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.
“Compliance Date” means the date on which the Borrower shall have delivered a Compliance Certificate pursuant to Section 6.02(b) with respect to the fiscal year ended December 31, 2016 demonstrating compliance with Section 7.11 as of end of such fiscal quarter.
“Consolidated Available Cash” means, as of any date of determination, the aggregate amount of Unrestricted cash and Cash Equivalents held by the Loan Parties as of such date (excluding any cash held by Joint Ventures or the Black business unit). For purposes hereof, “Unrestricted” means, when referring to cash and Cash Equivalents held by the Loan Parties, that such cash and Cash Equivalents (i) do not appear or would not be required to appear as “restricted” on the financial statements of the Loan Parties and (ii) are not subject to a Lien in favor of any Person other than the Administrative Agent or any Lender pursuant to the Loan Documents.
“Consolidated Liquidity” means, as of any date of determination, an amount equal to the sum of (a) Consolidated Available Cash as of such date and (b) the aggregate unused Revolving Credit Commitments as of such date.
“Cumulative Specified Cash Collections” means, with respect to any fiscal quarter of the Borrower, the aggregate amount of Specified Cash Collections with respect to the period from March 1, 2016 through the end of such fiscal quarter.
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“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.
“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.
“EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.
“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.
“First Amendment” means that certain Waiver and Amendment No. 1 to Sixth Amended and Restated Credit Agreement, dated as of the First Amendment Date, among the Company, the Guarantors, the Lenders party thereto, the L/C Issuer and the Administrative Agent.
“First Amendment Date” means February 26, 2016.
“Specified Cash Collections” means the projected cash receipts of the Borrower and its Subsidiaries set forth in the projection of major cash collections delivered by the Borrower to the Administrative Agent in connection with the First Amendment.
“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.
2.2 Section 1.01 of the Credit Agreement is hereby amended to delete therefrom each of the following definitions: “Material Real Estate Asset” and “Mt. Xxxxx Realty”. |
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The definition of “Applicable Rate” in Section 1.01 of the Credit Agreement is hereby amended to delete the table set forth therein and insert therefor the following table: |
Applicable Rate for Term Facility and Revolving Credit Facility |
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Pricing Tier |
Consolidated Leverage Ratio
|
Eurodollar Rate / Letter of Credit Fees (other than Performance Letters of Credit) |
Performance Letters of Credit |
Base Rate |
Commitment Fee |
1 |
Less than 1.00 to 1.00 |
2.25% |
1.125% |
1.25% |
0.20% |
2 |
Less than 2.00 to 1.00 but greater than or equal to 1.00 to 1.00 |
2.50% |
1.25% |
1.50% |
0.20% |
3 |
Less than 3.00 to 1.00 but greater than or equal to 2.00 to 1.00 |
2.75% |
1.375% |
1.75% |
0.25% |
4 |
Less than 3.50 to 1.00 but greater than or equal to 3.00 to 1.00 |
3.00% |
1.50% |
2.00% |
0.30% |
5 |
Less than 4.00 to 1.00 but greater than or equal to 3.50 to 1.00 |
4.00% |
2.00% |
3.00% |
0.35% |
6 |
Greater than or equal to 4.00 to 1.00 |
5.00% |
2.50% |
4.00% |
0.40% |
Notwithstanding anything to the contrary set forth in the Credit Agreement, the determination of the Applicable Rate for the period from the First Amendment Date through and including the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(b) of the Credit Agreement for the period of four consecutive fiscal quarters ending March 31, 2016 shall be Pricing Tier 6.
2.4 The definition of “Consolidated EBITDA” in Section 1.01 of the Credit Agreement is hereby amended to (a) delete the word “and” appearing at the end of clause (a)(iii) thereof and insert therefor a comma (“,”) and (b) insert at the end of clause (a) thereof the following new clauses (v) and (vi): |
, (v) non-cash losses incurred during the fiscal quarter ended September 30, 2015 in connection with construction of the Brightwater Conveyance System and tunnel sections in Washington State in an aggregate amount not to exceed $23,900,000 and (vi) Amendment Fees and Expenses for such period
2.5 The definition of “Consolidated Fixed Charges” in Section 1.01 of the Credit Agreement is hereby amended to insert at the end of clause (a) thereof the following phrase: “(excluding any Amendment Fees and Expenses)”. |
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2.6 The definition of “Default Rate” in Section 1.01 of the Credit Agreement is hereby amended to replace each occurrence of the figure “2%” with the following figure: “4%”. |
2.7 The definition of “Defaulting Lender” in Section 1.01 of the Credit Agreement is hereby amended to (a) delete the word “or” appearing at the end of clause (c)(i) thereof and (b) insert immediately following clause (c)(ii) thereof the following new clause (iii): “or (iii) become the subject of a Bail-in Action”. |
2.8 The definition of “Excluded Property” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows: |
“Excluded Property” means, with respect to any Loan Party, (a) unless requested by the Administrative Agent or the Required Lenders (i) any owned or leased real property which is located outside of the United States, (ii) any IP Rights for which a perfected Lien thereon is not effected either by filing of a Uniform Commercial Code financing statement or by appropriate evidence of such Lien being filed in either the United States Copyright Office or the United States Patent and Trademark Office, (iii) any personal property (other than personal property described in clause (a)(ii) above) for which the attachment or perfection of a Lien thereon is not governed by the Uniform Commercial Code; (b) the Equity Interests of any Joint Venture, to the extent a pledge thereof would violate, or require the consent of any counterparty under, the relevant joint venture or similar arrangements; (c) voting Equity Interests of a Foreign Subsidiary in excess of 65% of the voting Equity Interests of such Foreign Subsidiary; (d) any property which, subject to the terms of Section 7.09, is subject to a Lien of the type described in Section 7.01(b), Section 7.01(i) and Section 7.01(p) pursuant to documents which prohibit such Loan Party from granting any other Liens in such property; and (e) the property shown on Schedule 1.01 subject to a Lien of the type described in Section 7.01(b) and Section 7.01(p).
2.9 The definition of “Interest Payment Date” in Section 1.01 of the Credit Agreement is hereby amended to delete therefrom the phrase “the last Business Day of each March, June, September and December” and insert therefor the following phrase: “(i) the last Business Day of (A) prior to the Compliance Date, each calendar month and (B) from and after the Compliance Date, each March, June, September and December and (ii)”. |
2.10 The definition of “Maturity Date” in Section 1.01 of the Credit Agreement is hereby amended to delete therefrom the date “June 5, 2019” and insert therefor the following date: “May 1, 2018”. |
2.11 The definition of “Restricted Subsidiary” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows: |
“Restricted Subsidiary” means (a) any Insignificant Subsidiary and (b) CIS.
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2.12 Section 2.05(b)(ii) of the Credit Agreement is hereby amended and restated in its entirety as follows: |
(i) (A) If the Borrower or any Subsidiary Disposes of any property (other than any Disposition of any property permitted by Section 7.05(a), (c) or (d)) that results in the realization by the Borrower or such Subsidiary of Net Cash Proceeds, then the Borrower shall immediately upon receipt thereof by the Borrower or such Subsidiary deliver to the Administrative Agent such Net Cash Proceeds as a prepayment of the Loans to be applied in accordance with Section 2.05(b)(iii) below.
(B)For each fiscal quarter of the Borrower, commencing with the fiscal quarter ending September 30, 2016, if, during the period from delivery of the Compliance Certificate with respect to the preceding fiscal quarter (or, in the case of the fiscal quarter ending September 30, 2016, from July 1, 2016) through the date of delivery of the Compliance Certificate with respect to such fiscal quarter, the Borrower and its Subsidiaries shall receive aggregate cash collections on the Specified Cash Collections greater than 50% of the projected Specified Cash Collections for such fiscal quarter, then the Borrower shall, within five (5) Business Days of delivery of the Compliance Certificate with respect to such fiscal quarter, pay to the Administrative Agent an amount equal to 25% of the projected Specified Cash Collections for such fiscal quarter as a prepayment of the Loans to be applied in accordance with Section 2.05(b)(iii) below.
2.13 Section 2.07(a) of the Credit Agreement is hereby amended to delete from the table therein the following rows: |
June 2018 |
$9,375,000 |
September 2018 |
$11,250,000 |
December 2018 |
$11,250,000 |
March 2019 |
$11,250,000 |
2.14 Section 2.14(a) of the Credit Agreement is hereby amended to (a) delete from clause (x) thereof the phrase “prior to the Maturity Date for the Revolving Credit Facility” and (b) insert at the end thereof the following sentence: “Notwithstanding anything to the contrary in this
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Section 2.14, the Borrower shall not be permitted to request any Incremental Revolving Commitment or Incremental Term Commitment at any time after the First Amendment Date.” |
2.15 Section 2.16(a)(iv) of the Credit Agreement is hereby amended to delete therefrom the phrase “No reallocation” and insert therefor the following phrase “Subject to Section 11.20, no reallocation”. |
2.16 Section 4.02 of the Credit Agreement is hereby amended to (a) insert immediately following clause (c) thereof the new following clause (d): |
(d)After giving effect to such proposed Credit Extension and application of the proceeds thereof, Consolidated Available Cash shall not exceed $30,000,000.
and (b) delete therefrom the phrase “Sections 4.02(a) and (b)” and insert therefor the following phrase: “Sections 4.02(a), (b) and (d)”.
2.17 Section 5.20 of the Credit Agreement is hereby amended to delete therefrom the following sentence: “Except as otherwise disclosed on Schedule 5.20(a), no Loan Party owns any Material Real Estate Asset.” |
2.18 Section 6.01 of the Credit Agreement is hereby amended to (a) delete the period (“.”) appearing at the end of clause (b) thereof and insert therefor the following phrase: “; and” and (b) insert immediately following clause (b) thereof the following new clause (c): |
(c)as soon as available, but in any event within thirty days after the end of each of the first two fiscal months of each fiscal quarter of the Borrower (commencing with the fiscal month ending February 29, 2016), a balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal month, and the related statements of income or operations and cash flows (with respect to cash flows, commencing with the fiscal month ending April 30, 2016) (in each case, both for each business segment and on a consolidated basis) for such fiscal month and for the portion of the Borrower’s fiscal quarter and fiscal year then ended, setting forth in comparative form, as applicable under GAAP, the figures for the corresponding fiscal month of the previous fiscal year and the corresponding portion of the previous fiscal quarter and fiscal year, all in reasonable detail and certified by the chief executive officer, chief financial officer, chief operating officer, treasurer, chief accounting officer or controller of the Borrower as fairly presenting the financial condition, results of operations, shareholders’ equity and cash flows of the Borrower and its Subsidiaries in accordance with GAAP, subject only to normal quarterly adjustments and year-end audit adjustments and the absence of footnotes.
2.19 Sections 6.02(f) and (g) of the Credit Agreement are hereby amended and restated in their entirety as follows: |
(f)as soon as available and, in any event, within 45 days after the end of each calendar month, (i) a summary of all of the Borrower’s accounts receivable, including the aging and reconciliation of such accounts receivable and an indication
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of which such accounts arise under contracts in which performance is backed by a bond, guaranty or other undertaking by a surety and (ii) a summary of all of the Borrower’s accounts payable, including the aging of such accounts payable, in each case, in form and scope reasonably satisfactory to the Administrative Agent;
(g)as soon as available and, in any event, within 45 days after the end of each calendar month, a monthly WIP report with respect to such month that has been prepared in the Borrower’s ordinary course of business, in form and scope reasonably acceptable to the Administrative Agent, containing the following information: (i) each construction contract (other than construction contracts that as of the end of the most recent fiscal year end of the Borrower, full performance has been rendered and all payments due thereunder received) and data regarding such contract’s status such as contract amount, projected cost, gross profit, percentage complete, earned revenue, earned cost, and other balance sheet, backlog, project to date, current year, current quarter, current month information, as well as completion date, certified as to consistency, accuracy and reasonableness of estimates by the treasurer or the chief accounting officer of the Borrower, and (ii) all active Joint Ventures and partnerships (which, in the case of any construction Joint Venture, need not be listed until after a construction contract for such Joint Venture shall have been accepted) and identifying of any increase in an interest in a Joint Venture or partnership;
2.20 Section 6.02 of the Credit Agreement is hereby amended to (a) delete the word “and” appearing at the end of clause (j) thereof, (b) renumber clause (k) thereof as clause (l) and (c) insert immediately following clause (j) the following new clause (k): |
(k)on or prior to the third Business Day of each calendar week until the Compliance Date, (i) an updated thirteen (13) week cash flow forecast setting forth all projected cash receipts and disbursements (by line item) of the Borrower and its Subsidiaries (both for each business unit and on a consolidated basis) on a weekly basis for the thirteen (13) week period commencing with the following calendar week, (ii) a report setting forth actual cash receipts and disbursements (by line item) of the Borrower and its Subsidiaries (both for each business unit and on a consolidated basis) for the preceding calendar week, together with a comparison of such amounts to the most recent cash flow forecast delivered by the Borrower and a narrative explanation of any material variances and (iii) a report setting forth (A) Consolidated Liquidity and Consolidated Available Cash as of the end of the preceding calendar week and (B) cash collections received on Specified Cash Collections during the preceding calendar week and the current fiscal quarter (with a comparison to Specified Cash Collections projected for such calendar quarter), in each case, in form and scope reasonably satisfactory to the Administrative Agent; and
2.21 Section 6.10(b) of the Credit Agreement is hereby amended and restated as follows: |
(b)If requested by the Administrative Agent in its sole discretion, permit the Administrative Agent, and its representatives, upon reasonable advance
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notice to the Borrower, to conduct audits or appraisals of the Collateral; provided, that, unless an Event of Default has occurred and is continuing, no more than one audit and one appraisal per calendar year shall be at the expense of the Borrower.
2.22 Section 6.14 of the Credit Agreement is hereby amended and restated as follows: |
6.14Pledged Property. (a) Other than Excluded Property, cause (or, in the case of leased real property, use commercially reasonable efforts to cause) all real and personal property at any time owned by each Loan Party to be subject at all times to first priority, perfected and, in the case of any such real property, title insured Liens in favor of the Administrative Agent to secure the Obligations pursuant to the terms and conditions of the Collateral Documents, subject in any case to Permitted Liens, and deliver such other documentation as the Administrative Agent may reasonably request in connection with the foregoing, including, without limitation, appropriate Uniform Commercial Code financing statements, certificates of title, security agreements, mortgages, real estate title insurance policies, surveys, environmental reports, standard “life of loan” flood hazard determinations, certified resolutions and other organizational and authorizing documents of such Person, favorable opinions of counsel to such Person (which shall cover, among other things, the enforceability of the mortgages), and (b) use commercially reasonable efforts to deliver landlord’s waivers and collateral access agreements for any Material Leased Premises, all, in the case of either clause (a) or (b), in form, content and scope reasonably satisfactory to the Administrative Agent and, in the case of both clause (a) or (b), within 90 days (or, in the case of any mortgage on any real property and any documentation related thereto, 180 days) after request by the Administrative Agent (or such later date as the Administrative Agent shall agree).
2.23 Article VI of the Credit Agreement is hereby amended to insert at the end thereof the following new Section 6.15: |
6.15Access and Cooperation. (a) Promptly provide the Administrative Agent and its professionals and advisors (i) access to the property and business locations, books and records and management the Borrower and its Subsidiaries and (ii) such information as the Administrative Agent or its professionals and advisors shall reasonably request.
(b)Cooperate fully with the Administrative Agent and its professionals and advisors and provide assistance with any and all diligence the Administrative Agent or its professionals and advisors may reasonably require.
(c)On a weekly basis until the Compliance Date, upon the request of the Administrative Agent, cause the senior management of the Borrower to hold a conference call with the Administrative Agent and its professionals and advisors regarding the weekly cash flow forecast and the related variance report.
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2.24 Section 7.01(g) of the Credit Agreement is hereby amended and restated as follows: |
(g)(i) Liens, encumbrances and other matters reasonably acceptable to the Administrative Agent disclosed on the title policies delivered to the Administrative Agent pursuant to Section 6.14; and (ii) encumbrances consisting of easements, rights of way, zoning restrictions, restrictions on the use of real estate, minor defects or irregularities of title and similar encumbrances affecting real property which are not substantial in amount, and which do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person;
2.25 Section 7.02(d)(iv) of the Credit Agreement is hereby amended to delete therefrom the figure “$15,000,000” and insert therefor the following figure: “$50,000,000”. |
2.26 Section 7.02(i)(i) of the Credit Agreement is hereby amended to delete therefrom the figure “$15,000,000” and insert therefor the following figure: “$50,000,000”. |
2.27 Section 7.03(p) of the Credit Agreement is hereby amended and restated in its entirety as follows: |
(p)[Reserved]; and
2.28 Section 7.09 of the Credit Agreement is hereby amended to delete therefrom the phrase “Mt. Xxxxx Realty and”. |
2.29 Section 7.11(a) of the Credit Agreement is hereby amended and restated in its entirety as follows: |
(a)Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio set forth below opposite such period:
Four Fiscal Quarters Ending |
Maximum Consolidated Leverage Ratio |
March 31, 2016 |
4.25 to 1.00 |
June 30, 2016 through September 30, 2016 |
4.00 to 1.00 |
December 31, 2016 through March 31, 2017 |
3.25 to 1.00 |
June 30, 2017 through March 31, 2018 |
3.00 to 1.00 |
2.30 Section 7.11 of the Credit Agreement is hereby amended to insert at the end thereof the following new clauses (c), (d) and (e): |
(c)Consolidated Liquidity. Permit Consolidated Liquidity as of the last Business Day of any calendar week to be less than $40,000,000.
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(d)Specified Cash Collections. With respect to any fiscal quarter of the Borrower, commencing with the fiscal quarter ending March 31, 2016, permit the aggregate cumulative cash collections received by the Borrower and its Subsidiaries on the Specified Cash Collections during the period from March 1, 2016 through the date of delivery of the Compliance Certificate with respect to such fiscal quarter in accordance with Section 6.02(b) to be less than 80% of the Cumulative Specified Cash Collections with respect to such fiscal quarter.
(e)Consolidated Available Cash. At any time any Revolving Credit Loans or Swing Line Loans are outstanding, permit Consolidated Available Cash to exceed $30,000,000 for any period of five (5) consecutive Business Days.
2.31 Section 7.17 of the Credit Agreement is hereby amended and restated in its entirety as follows: |
7.17Permitted Accounts. Maintain any deposit, checking, operating, investment or other bank accounts other than (a) the deposit, checking, operating, investment and other bank accounts listed on Schedule 5.22, (b) (i) payroll accounts and (ii) xxxxx cash accounts opened in the ordinary course of business with balances not to exceed $100,000 for each such account and (c) all other deposit, checking, operating, investment and other bank accounts established after the Amendment Effective Date; provided, that, within one hundred twenty (120) days of the First Amendment Date (or such later date as the Administrative Agent shall agree) (in the case of any account existing as of the First Amendment Date) or within sixty (60) days of the opening of such account (or such later date as the Administrative Agent shall agree) and prior to the deposit of any funds therein in excess of $10,000 (in the case of any account opened after the First Amendment Date) (or such later date as the Administrative Agent shall agree) and at all times thereafter, each Loan Party shall cause each account of the Loan Parties described in the foregoing clauses (a) and (c) to be subject to a Control Agreement in form and substance reasonably acceptable to the Administrative Agent.
2.32 Section 8.01(b) of the Credit Agreement is hereby amended to delete therefrom the phrase “or 6.14” and insert therefor the following phrase: “6.14 or 6.15”. |
2.33 Section 11.04(e) of the Credit Agreement is hereby amended to delete therefrom the phrase “ten Business Days” and insert therefor the following phrase: “five Business Days”. |
2.34 Article XI of the Credit Agreement is hereby amended to insert at the thereof the following new Section 11.20: |
11.20Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be
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subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:
(a)the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and
(b)the effects of any Bail-in Action on any such liability, including, if applicable:
(i)a reduction in full or in part or cancellation of any such liability;
(ii)a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or
(iii)the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority.
2.35 Schedule 1.01 to the Credit Agreement is hereby deleted and replaced with Exhibit B. |
2.36 Exhibit D to the Credit Agreement is hereby deleted and replaced with Exhibit C hereto. |
2.37 From and after the Effective Date until the Compliance Date, notwithstanding anything to the contrary set forth in the Credit Agreement, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans. |
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section 3. SECURITY AGREEMENT AMENDMENT. Subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, the Security Agreement is hereby amended as follows: |
3.1 Section 1 of the Security Agreement is hereby amended to delete therefrom the following sentence: “Notwithstanding the foregoing, the Collateral shall not include any equity interests held by Pledgor in any Subsidiary or Joint Venture of Pledgor.” |
3.2 Section 8 of the Security Agreement is hereby amended to insert at the end thereof the following new clause (m): |
(m)With respect to the grants of security interests hereunder, each Pledgor hereby authorizes the Administrative Agent to file one or more financing or continuation statements, and amendments thereto, relative to all or any part of the Collateral (and hereby ratifies the filing of all financing statements previously filed by the Administrative Agent relative to the Collateral); and to make all relevant filings with the United States Patent and Trademark Office and the United States Copyright Office. Each Pledgor hereby authorizes the Administrative Agent to file financing statements (and hereby ratifies the filing of all financing statements previously filed by the Administrative Agent) describing as the collateral covered thereby “all assets”, “all of the debtor’s personal property or assets” or words to that effect, notwithstanding that such wording may be broader in scope than the Collateral described in this Agreement.
section 4. CONDITIONS. This Amendment shall become effective as of the date hereof (the “Effective Date”) upon: |
(a) receipt by the Administrative Agent of duly executed counterparts to this Amendment from the Borrower, the Guarantors, the Administrative Agent, the L/C Issuer and the Required Lenders;
(b)(i) a consent fee shall have been received by the Administrative Agent for the account of each Lender executing this Amendment by 5:00 p.m. (Los Angeles, California time) on February 29, 2016 equal to (A) 1.00% multiplied by (B) the sum of such Lender’s Revolving Credit Commitment and the Outstanding Amount of such Lender’s Term Loans, in each case as determined immediately prior to the effective date of this Amendment and (ii) all other fees and expenses payable to the Administrative Agent and the Lenders shall have been paid in full; and
(c)receipt by the Administrative Agent of each of the documents and certificates set forth on Exhibit A hereto, in each case, in form and substance reasonably satisfactory to the Administrative Agent.
section 5. REPRESENTATION AND WARRANTIES; COVENANTS. |
5.1 Enforceability. Each Loan Party hereby represents and warrants that each of this Amendment and the Credit Agreement and the Security Agreement as amended hereby is the legal,
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valid and binding obligation of such Loan Party and is enforceable against such Loan Party in accordance with its terms. |
5.2 Authorization; No Conflicts. Each Loan Party hereby represents and warrants that its execution and delivery of this Amendment and performance of this Amendment and the Credit Agreement and the Security Agreement as amended hereby (i) have been duly authorized by all necessary corporate or other organizational action on the part of such Loan Party and are within such Loan Party’s power and authority, (ii) do not (A) contravene the terms of such Loan Party’s Organization Documents, (B) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (i) any Contractual Obligation to which such Loan Party is a party or affecting such Loan Party or the properties of such Loan Party or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Loan Party or its property is subject; or (c) violate any Law. |
5.3 No Default; Representations and Warranties in Loan Documents. Each Loan Party hereby represents and warrants that, after giving effect to Sections 1, 2 and 3 hereof, (i) no Default has occurred and is continuing and (ii) all of the representations and warranties of such Loan Party contained in each Loan Document to which it is a party are true and correct on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except that for purposes of this Section 5.3, the representations and warranties contained in subsections (a) and (b) of Section 5.05 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of the Credit Agreement. The financial forecast of the Borrower and its Subsidiaries delivered to the Administrative Agent in connection with this Amendment were prepared in good faith based on assumptions believed to be reasonable at the time. |
5.4 Real Property. Set forth on Schedule I hereto is a list of all real property located in the United States that is owned or leased by the Loan Parties as of the Effective Date. |
5.5 Joinder. On or prior to the date thirty (30) days after the date hereof (or such later date as the Administrative Agent shall agree), the Borrower shall cause Mt. Xxxxx Realty, LLC, a Massachusetts limited liability company, to become a Guarantor and comply with Sections 6.12(b) and (c) of the Credit Agreement in connection therewith. |
section 6. RATIFICATION AND RELEASE. |
6.1 Ratification. Each Loan Party hereby (a) ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, and each grant of security interests and liens in favor of the Administrative Agent, the L/C Issuer or the Lenders, as the case may be, under each Loan Document to which it is a party, (b) agrees and acknowledges that the liens in favor of the Administrative Agent, the L/C Issuer or the Lenders under each Loan Document to which it is a party constitute valid, binding, enforceable and perfected first priority liens and security interests and are not subject to avoidance, disallowance or subordination pursuant to any requirement of Law, (c) agrees and acknowledges the Obligations constitute legal, valid and binding obligations of the Loan Parties and that (x) no offsets, defenses or counterclaims to the Obligations or any
14 |
other causes of action with respect to the Obligations or the Loan Documents exist and (y) no portion of the Obligations is subject to avoidance, disallowance, reduction or subordination pursuant to any requirement of Law, (d) acknowledges and agrees that as of February 25, 2016, (i) the Outstanding Amount of the Revolving Credit Loans was $229,000,000.00, (ii) the Outstanding Amount of the Swing Line Loans was $0, (iii) the Outstanding Amount of the L/C Obligations was $150,000.00 and (iv) the Outstanding Amount of the Term Loans was $223,750,000.00, (e) agrees that such ratification and reaffirmation is not a condition to the continued effectiveness of the Loan Documents, and (f) agrees that neither such ratification and reaffirmation, nor the Administrative Agent’s, the L/C Issuer’s nor any Lender’s solicitation of such ratification and reaffirmation, constitutes a course of dealing giving rise to any obligation or condition requiring a similar or any other ratification or reaffirmation from each party to the Credit Agreement with respect to any subsequent modifications, consent or waiver with respect to the Credit Agreement or other Loan Documents. This Amendment shall constitute a “Loan Document” for purposes of the Credit Agreement. |
(b)Each Loan Party, on behalf of itself and its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably, covenants and agrees with and in favor of each Released Party above that it will not xxx (at law, in equity, in any regulatory proceeding or otherwise) any Released Party on the basis of any claim released, remised and discharged by any Loan Party pursuant to the above release. If any Loan Party or any of their successors, assigns or other legal representatives violates the foregoing covenant, each Loan Party, for itself and its successors, assigns and legal representatives, agrees to pay, in addition to such other damages as any Released Party may sustain as a result of such violation, all reasonable attorneys’ fees and costs incurred by such Released Party as a result of such violation.
(c)Each Loan Party represents and warrants that, to its knowledge, there are no liabilities, claims, suits, debts, liens, losses, causes of action, demands, rights, damages or costs,
15
or expenses of any kind, character or nature whatsoever, known or unknown, fixed or contingent, which any Loan Party may have or claim to have against any Released Party arising with respect to the Obligations, the Credit Agreement, this Amendment or any other Loan Document and/or the transactions contemplated hereby or thereby.
(d)Notwithstanding anything to the contrary in this Section 6.2 and otherwise in this Amendment, the parties acknowledge and expressly agree that the release, covenant not to xxx, and other related promises set forth in this Section 6.2 do not extend to and are specifically excluded from the lawsuit filed by the Borrower, entitled Tutor Perini Corporation v. Banc of America Securities LLC, now known as Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Inc., successor by merger, and Bank of America, N.A., filed in the United States District Court, in the State of Massachusetts, Civil Action No. 11-10895-NMG (the “ARS Litigation”). For avoidance of doubt, the provisions in this Section 6.2 and otherwise in this Amendment do not affect the rights of the Borrower to continue to pursue the ARS Litigation in its sole discretion and to receive and retain the proceeds from any settlement or judgment that may result from the ARS Litigation.
(e)Each of the Loan Parties has been advised by counsel with respect to the release contained in this Section 6.2. Upon advice of such counsel, each of the Loan Parties hereby waives and relinquishes all of the rights and benefits each Loan Party has, or may have, with respect to the claims released under Section 1542 of the California Civil Code or any other similar statute. Section 1542 states as follows:
A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.
section 7. MISCELLANEOUS. |
7.1 Effect. |
(a) Upon the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import shall mean and be a reference to the Credit Agreement as modified hereby and each reference in the other Loan Documents to the Credit Agreement, “thereunder,” “thereof,” or words of like import shall mean and be a reference to the Credit Agreement as modified hereby. |
(b) Upon the effectiveness of this Amendment, each reference in the Security Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import shall mean and be a reference to the Security Agreement as modified hereby and each reference in the other Loan Documents to the Security Agreement, “thereunder,” “thereof,” or words of like import shall mean and be a reference to the Security Agreement as modified hereby. |
(c) Except as specifically set forth in this Amendment, the execution, delivery and effectiveness of this Amendment shall not (i) limit, impair, constitute an amendment, forbearance or waiver by, or otherwise affect any right, power or remedy of, the Administrative
16 |
Agent, the L/C Issuer or any Lender under the Credit Agreement, the Security Agreement or any other Loan Document or waive, affect or diminish any right of the Administrative Agent, the L/C Issuer or any Lender to demand strict compliance and performance therewith, (ii) constitute a waiver of, or forbearance with respect to, any Default, whether known or unknown or (iii) alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement, the Security Agreement or in any of the other Loan Documents, all of which are ratified and affirmed in all respects and shall continue in full force and effect. |
7.2 Severability. If any provision of this Amendment is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Amendment shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. |
7.3 Counterparts. This Amendment may be executed in one or more counterparts, each of which shall constitute an original, but all of which taken together shall be one and the same instrument. This Amendment may also be executed by facsimile or electronic transmission and each facsimile or electronic transmission signature hereto shall be deemed for all purposes to be an original signatory page. |
7.4 GOVERNING LAW. THIS AMENDMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AMENDMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE COMMONWEALTH OF MASSACHUSETTS. |
7.5 Section Titles. The Section titles contained in this Amendment are and shall be without substance, meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto. |
7.6 Reimbursement of Administrative Agent’s Expenses. Without limiting any of the Borrower’s obligations under Section 11.04(a) of the Credit Agreement, the Borrower shall reimburse the Administrative Agent for all out-of-pocket costs and expenses incurred by it or any of its Related Parties in connection with the preparation, negotiation and execution of this Amendment or any document, instrument, agreement delivered pursuant to this Amendment and all other costs and expenses of the Administrative Agent described in Section 11.04(a) of the Credit Agreement. |
The Borrower acknowledges that it is obligated pursuant to Section 11.04(a) of the Credit Agreement to reimburse the Administrative Agent, not later than five Business Days after demand therefor, for all out-of-pocket expenses incurred by the Administrative Agent from time to time in connection with ongoing monitoring of the Loan Parties and their operations, including any financial advisor engaged by the Administrative Agent or its counsel.
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7.7 Entire Agreement. This Amendment contains the final and complete integration of all prior expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter hereof superseding all prior oral or written understandings or agreements. |
7.8 FATCA. For purposes of determining withholding Taxes imposed under FATCA, from and after the effective date of this Amendment, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Credit Agreement as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). |
[Signature Pages Follow]
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WITNESS the due execution hereof by the respective duly authorized officers of the undersigned of this Amendment as of the date first written above.
BORROWER:
TUTOR PERINI CORPORATION,
a Massachusetts corporation
By:/s/ Xxxx X. Xxxxxxx
Name:Xxxx X. Xxxxxxx
Title:Executive Vice President,
Corporate Secretary and Treasurer
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
GUARANTORS:
AIRTECH SYSTEMS INC.,
a Delaware corporation
XXXXXXXX COMPANIES, INC.,
a Delaware corporation
BECHO, INC.,
a Utah corporation
XXXXX BUILDING COMPANY, LLC,
a Delaware limited liability company
XXXXXX X. XXXXXXX CONSTRUCTION COMPANY, LLC,
a Delaware limited liability company
FIVE STAR ELECTRIC CORP.,
a New York corporation
GREENSTAR SERVICES CORPORATION,
a Delaware corporation
XXXXXXX CONTRACTING GROUP, LLC,
a Mississippi limited liability company
INTERNATIONAL CONSTRUCTION MANAGEMENT SERVICES, INC.,
a Delaware corporation
XXXXXXX PROJECT DEVELOPMENT, INC.,
a Pennsylvania corporation
LUNDA CONSTRUCTION COMPANY,
a Wisconsin corporation
NAGELBUSH MECHANICAL, INC.,
a Florida corporation
PERCON CONSTRUCTORS, INC.,
a Delaware corporation
R. E. XXXXXX AND CO.,
a Michigan corporation
RA PROPERTIES, LLC,
a Mississippi limited liability company
XXXXXXX AND XXXXXXX, INC.,
a California corporation
TUTOR PERINI BUILDING CORP.,
an Arizona corporation
WDF/NAGELBUSH HOLDING CORP.,
a Delaware corporation
By:/s/ Xxxxxxx X. Xxxxxx
Name:Xxxxxxx X. Xxxxxx
Title:Secretary and Treasurer
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
BLACK CONSTRUCTION INVESTMENTS, INC.,
a Nevada corporation
BOW EQUIPMENT LEASING COMPANY, INC.,
a New Hampshire corporation
CHERRY HILL CONSTRUCTION, INC.,
a Maryland corporation
DESERT MECHANICAL, INC.,
a Nevada corporation
E. E. BLACK, LIMITED,
a Hawaii corporation
FEDERATED FIRE PROTECTION SYSTEMS CORP.,
a New York corporation
X. X. XXXXXX CONSTRUCTION COMPANY, INC.,
a Hawaii corporation
XXXXXXX WESTERN CONSTRUCTORS, INC.,
a California corporation
XXXXXXX WESTERN GUNITE COMPANY,
a California corporation
XXX XXXXXXXX CORP,
a Mississippi corporation
SUPERIOR GUNITE,
a California corporation
SUPERIOR GUNITE LLC,
a Delaware limited liability company
TUTOR HOLDINGS, LLC,
a Delaware limited liability company
TUTOR MICRONESIA CONSTRUCTION, LLC,
a Delaware limited liability company
TUTOR PACIFIC CONSTRUCTION, LLC,
a Delaware limited liability company
TUTOR PACIFIC, INC.,
a Hawaii corporation
VALLEY CONCRETE & FRAMING, INC.,
a California corporation
By:/s/ Xxxxxxx X. Xxxxxx
Name:Xxxxxxx X. Xxxxxx
Title:Vice President, Secretary and Treasurer
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
XXXX ACQUISITION, INC.,
a Delaware corporation
TUTOR PERINI MERGER COMPANY,
a Delaware corporation
By:/s/ Xxxxxxx X. Xxxxxx
Name:Xxxxxxx X. Xxxxxx
Title:Executive Vice President,
Secretary and Treasurer
XXXX ELECTRIC COMPANY,
a Texas corporation
XXXX INTERNATIONAL, LTD.,
a Delaware corporation
By:/s/ Xxxxxxx X. Xxxxxx
Name:Xxxxxxx X. Xxxxxx
Title:Senior Vice President,
Secretary and Treasurer
PERINI MANAGEMENT SERVICES, INC.,
a Massachusetts corporation
By:/s/ Xxxxxxx X. Xxxxxx
Name:Xxxxxxx X. Xxxxxx
Title:Corporate Secretary and Treasurer
TPC AGGREGATES, LLC,
a Nevada limited liability company
By:/s/ Xxxxxxx X. Xxxxxx
Name:Xxxxxxx X. Xxxxxx
Title:Vice President, Chief Financial Officer
and Assistant Secretary
XXXXX-XXXXXX CORPORATION,
a California corporation
XXXXX-XXXXXX LLC,
By:/s/ Xxxxxxx X. Xxxxxx
Name:Xxxxxxx X. Xxxxxx
Title:Senior Vice President, Chief Financial
Officer, Treasurer and Secretary
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
FRONTIER-XXXXXX CONSTRUCTORS, INC.,
an Indiana corporation
By:/s/ Xxxxxxx X. Xxxxxx
Name:Xxxxxxx X. Xxxxxx
Title:Vice-President and Secretary-Treasurer
XXXXX X. XXXXXXXX, INC.,
a Florida corporation
By:/s/ Xxxxxxx X. Xxxxxx
Name:Xxxxxxx X. Xxxxxx
Title:Vice President and Treasurer
FK MANAGEMENT SERVICES, INC.,
an Indiana corporation
FKC, LLC,
an Indiana limited liability company
By:/s/ W. Xxxxx Xxxxxxx
Name:W. Xxxxx Xxxxxxx
Title:President and Chief Executive Officer
WDF INC.,
a New York corporation
By:/s/ Xxxxxxxx Xxxxx
Name:Xxxxxxxx Xxxxx
Title:President and Chief Executive Officer
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
BANK OF AMERICA, N.A., as Administrative Agent |
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By: |
/s/ Xxxxx Xxxxxxxx |
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Name: Xxxxx X. Xxxxxxxx |
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Title: Senior Vice President |
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
BANK OF AMERICA, N.A., as a Lender, L/C Issuer and Swing Line Lender |
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By: |
/s/ Xxxxx X. Xxxxxxxx |
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Name: Xxxxx X. Xxxxxxxx |
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Title: Senior Vice President |
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
SUNTRUST BANK as a Lender |
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By: |
/s/ Xxx Xxxx |
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Name: Xxx Xxxx |
Title: Vice President |
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
COMPASS BANK as a Lender |
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By: |
/s/ Xxxxx Xxxxxx |
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Name: Xxxxx Xxxxxx |
Title: SVP |
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
Santander Bank, N.A. as a Lender |
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By: |
/s/ Xxxx Xxxxx |
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Name: Xxxx Xxxxx |
Title: Senior Vice President |
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
U.S. Bank National Association as a Lender |
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By: |
/s/ Xxxx Xxxxxxx |
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Name: Xxxx Xxxxxxx |
Title: Vice President |
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
Comerica Bank as a Lender |
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By: |
/s/ Xxxx Xxxxxxxxx |
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Name: Xxxx Xxxxxxxxx |
Title: Vice President |
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
KEYBANK NATIONAL ASSOCIATION as a Lender |
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By: |
/s/ Xxxxx Xxxxx |
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Name: Xxxxx Xxxxx |
Title: Senior Vice President |
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
Fifth Third Bank as a Lender |
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By: |
/s/ Xxxxx Xxxxxx |
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Name: Xxxxx Xxxxxx |
Title: Vice President |
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
MUFG Union Bank, N.A. f/k/a Union Bank, N.A. as a Lender |
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By: |
/s/ Xxxxxx Xxx |
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Name: Xxxxxx Xxx |
Title: Director |
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
XXXXXXX SACHS BANK USA as a Lender |
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By: |
/s/ Xxxxx Xx |
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Name: Xxxxx Xx |
Title: Authorized Signatory |
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
Citizens Bank, N.A. as a Lender |
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By: |
/s Xxxxx X. Nazareth |
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Name: Xxxxx X. Nazareth |
Title: Senior Vice President |
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
FIRST HAWAIIAN BANK as a Lender |
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By: |
/s/ Xxxxxxx Xxxxxxxx |
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Name: Xxxxxxx Xxxxxxxx |
Title: Vice President |
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
MANUFACTURERS BANK, as a Lender |
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By: |
/s/ Xxxxx Xxx |
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Name: Xxxxx Xxx |
Title: Vice President |
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
Branch Banking & Trust Company as a Lender |
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By: |
/s/ Xxxxxx Xxxxx |
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Name: Xxxxxx Xxxxx |
Title: Senior Vice President |
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
AMERICAN SAVINGS BANK, F.S.B., as a Lender |
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By: |
/s/ Xxxx XxXxxx |
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Name: Xxxx XxXxxx |
Title: First Vice President |
Signature Page to
Waiver and Amendment No. 1 to
Sixth Amended and Restated Credit Agreement
EXHIBIT A
List of Closing Documents
1.Waiver and Amendment No. 1
2.Officer’s Certificate of Borrower
a.Certified Articles of Incorporation of Borrower
b.Bylaws of Borrower
c.Borrower Board Resolutions
d.Incumbency of Borrower
e.Guarantor Board Resolutions
3.Good Standing Certificate of Borrower
4.Opinion of Counsel to Borrower
5.Perfection Certificate
EXHIBIT B
Amended Schedule 1.01
Excluded Property
1. Xxxxxxxxx/Xxxxxx Xxxxxx Xxxxxxxxxx Xxxx, Xxxxxxxxx, Xxxxxxx Xxxxxxx, Xxxx 00000
2. 2000 Boeing 737 700 S/N 30772 owned by Xxxxx-Xxxxxx Corporation
EXHIBIT C
Amended Exhibit D
See attached.
EXHIBIT D
FORM OF COMPLIANCE CERTIFICATE
Financial Statement Date: ________, ___
To:Bank of America, N.A., as Administrative Agent
Ladies and Gentlemen:
Reference is made to that certain Sixth Amended and Restated Credit Agreement dated as of June 5, 2014 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement”), among Tutor Perini Corporation, a Massachusetts corporation (the “Borrower”), certain Subsidiaries of the Borrower, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, L/C Issuer and Swing Line Lender. Each capitalized term used herein but not otherwise defined herein shall have the meaning ascribed thereto in the Agreement.
The undersigned Responsible Officer hereby certifies as of the date hereof that he/she is the of the Borrower, and that, as such, he/she is authorized to execute and deliver this Compliance Certificate to the Administrative Agent on the behalf of the Borrower, and that:
[Use following paragraph 1 for fiscal year-end financial statements]
1.Attached hereto are the year-end audited financial statements required by Section 6.01(a) of the Agreement for the fiscal year of the Borrower ended as of the above date (the “Subject Period”), together with the report and opinion of an independent certified public accountant required by such section.
[Use following paragraph 1 for fiscal quarter-end financial statements]
1.Attached hereto are the unaudited financial statements required by Section 6.01(b) of the Agreement for the fiscal quarter of the Borrower ended as of the above date the (“Subject Period”). Such financial statements fairly present the financial condition, results of operations and cash flows of the Borrower and its Subsidiaries in accordance with GAAP as at such date and for such period, subject only to normal year‑end audit adjustments and the absence of footnotes.
2.The undersigned has reviewed and is familiar with the terms of the Agreement and has made, or has caused to be made under his/her supervision, a detailed review of the transactions and condition (financial or otherwise) of the Borrower during the accounting period covered by the attached financial statements.
3.A review of the activities of the Borrower during such fiscal period has been made under the supervision of the undersigned with a view to determining whether during such fiscal period the Borrower performed and observed all its Obligations under the Loan Documents, and
[select one:]
[to the best knowledge of the undersigned during such fiscal period, the Borrower performed and observed each covenant and condition of the Loan Documents applicable to it, and no Default has occurred and is continuing.]
--or--
D-1
Form of Compliance Certificate
[the following covenants or conditions have not been performed or observed and the following is a list of each such Default and its nature and status:]
4.The representations and warranties of the Borrower contained in Article V of the Agreement, and any representations and warranties of any Loan Party that are contained in any document furnished at any time under or in connection with the Loan Documents, are true and correct on and as of the date hereof, except (i) to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, (ii) for purposes of this Compliance Certificate, the representations and warranties contained in subsections (a) and (b) of Section 5.05 of the Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of the Agreement, including the statements in connection with which this Compliance Certificate is delivered, and (iii) as otherwise described on Schedule II attached hereto.
5.The financial covenant analyses and information set forth on Schedule I attached hereto are true and accurate on and as of the date of this Compliance Certificate.
6. [Accompanying this Compliance Certificate are updates to Schedules 5.13, 5.17, 5.20(a), 5.20(b) and 5.20(c).]
--or--
[There are no required updates to Schedules 5.13, 5.17, 5.20(a), 5.20(b) and 5.20(c) at this time.]
IN WITNESS WHEREOF, the undersigned has executed this Compliance Certificate as of _________________, _____.
TUTOR PERINI CORPORATION
By:
Name:
Title:
D-2
Form of Compliance Certificate
SCHEDULE I
to the Compliance Certificate
($ in 000’s)
I.Section 7.11(a) – Consolidated Leverage Ratio.
A.Consolidated Funded Indebtedness at Financial Statement Date [Sum
of following (i) – (vii)]
$
(i) |
obligations for borrowed money, and all obligations |
(ii) |
purchase money Indebtedness$ |
(iii) |
all obligations arising under letters of credit (including |
(iv) |
all obligations in respect of the deferred purchase |
the ordinary course of business) $
(v) |
all Attributable Indebtedness$ |
(vi) |
all Guarantees with respect to Indebtedness of the |
(vii) |
all recourse Indebtedness of the types referred to |
B.Consolidated EBITDA for four quarters ending at Financial Statement Date
[Sum of Lines (i) - (ix) minus Line (x)]$
(i)Consolidated Net Income$______
(ii)Consolidated Interest Charges$______
(iii)Provision for Income Taxes$______
(iv)Depreciation expenses$______
(v)Amortization expenses$______
D-3
Form of Compliance Certificate
(vi)Stock-based compensation expenses $
(vii)Non-cash losses incurred during fiscal quarter
ended 9/30/15 from construction of
Brightwater Conveyance System and tunnel
sections of Washington State (not to
exceed $23,900,000)$
(viii)Amendment Fees and Expenses(Sum of Lines
(1) and (2) below)$
(1) Fees, costs and expenses paid
in cash during the fiscal year
ended 12/31/16 in connection with
the First Amendment (not to exceed
$9,000,000)$
(2) Fees paid to the Lenders on the
Amendment Effective Date (not to
exceed $3,700,000)$
(ix)Total non-cash goodwill and intangible asset
impairment charges$_____
(x)minus non-cash gains (other than accrual of revenue
in ordinary course)$_____
C.Consolidated Leverage Ratio [(Line I.A Consolidated EBITDA
as calculated under the above B)] _____ to 1
Maximum permitted
Four Fiscal Quarters Ending |
Maximum Consolidated Leverage Ratio |
March 31, 2016 |
4.25 to 1.00 |
June 30, 2016 through September 30, 2016 |
4.00 to 1.00 |
December 31, 2016 through March 31, 2017 |
3.25 to 1.00 |
June 30, 2017 through March 31, 2018 |
3.00 to 1.00 |
II.Section 7.11(b) – Consolidated Fixed Charge Coverage Ratio.
A.Consolidated Adjusted EBITDA for Subject Period
[Line (i) minus sum of Lines (ii), (iii) and (iv)] $
(i) |
Consolidated EBITDA (From Line I.B)$ |
D-4
Form of Compliance Certificate
(ii) |
Consolidated Maintenance Capital Expenditure |
(iii) |
Restricted Payments during Subject Period |
(iv) |
Income Taxes paid in cash$ |
B.Consolidated Fixed Charges [sum of Lines (i) and (ii) below]$
(i)Cash portion of Consolidated Interest Charges
during Subject Period (excluding any
Amendment Fees and Expenses)$
(ii)Consolidated Scheduled Funded Debt Payments
during Subject Period$
C.Consolidated Fixed Charge Coverage Ratio [(Line II.A.
Line II.B)]
_____ to 1
Minimum required1.25 to 1
III.Section 7.11(c) – Consolidated Liquidity Minimum Requirement
A.Consolidated Available Cash as of end of last full week
of Subject Period$
B.Aggregate unused Revolving Credit Commitments as of end
of last full week of Subject Period$
C.Consolidated Liquidity [(Line III.A. + Line III.B)]$
Minimum required$40,000,000
IV.Section 7.11(d) – Specified Cash Collections Minimum Requirement
A.Aggregate cumulative cash collections received on
Specified Cash Collections from
March 1, 2016 through date hereof$
B.Cumulative Specified Cash Collections for Subject Period $
C.Specified Cash Collections Percentage
[(Line IV.A Line IV.B)] %
Minimum required80%
V.Section 7.11(e) –Consolidated Available Cash
A.Consolidated Available Cash (From Line III.A)$
D-5
Form of Compliance Certificate
Maximum Permitted$30,000,000
VI.Section 2.05(b)(ii)(B) – Mandatory Payment
A.Aggregate cash collections received on
Specified Cash Collections during period from
[July 1, 2016] [the preceding Compliance
Certificate] through the date hereof$
B.Projected Specified Cash Collections for the Subject Period $
C.Percentage of projected Specified Cash Collections received
(Line VI.A Line VI.B) %
D.Amount of prepayment due with respect to
the Subject Period (If Line VI.C > 50%, then
prepayment is required in amount equal to
25% of Line VI.B)$
D-6
Form of Compliance Certificate
SCHEDULE II
D-7
Form of Compliance Certificate
SCHEDULE I
Real Property
See attached.
I-1
SCHEDULE I
LOCATIONS OF OWNED AND LEASED PROPERTY
Business Unit |
Street Address |
City |
State |
Zip Code |
Owned/ Leased |
Xxxxxxxx Companies, Inc. |
0000 Xxxxx Xxxx |
Xxxxxx |
XX |
00000 |
Owned |
Xxxxxxxx Companies, Inc. |
00000 Xxxxxxxx Xxxx |
Xxxxxxxx |
XX |
00000 |
Owned |
Xxxxxxxx Companies, Inc. |
000 Xxxxxxxx Xxxxxx Xxxxxxx |
Xxxxxxxxx |
XX |
00000 |
Leased |
Xxxxxxxx Companies, Inc. |
0000 X Xxxxxxxx Xxxx Xxx 000 |
Xxxxxxxx |
XX |
00000 |
Leased |
Cherry Hill Construction, Inc. |
000 Xxxxxxxxxx Xxxx Xxxxx 0&0 |
Xxxxxx |
XX |
00000 |
Leased |
Cherry Hill Construction, Inc. |
0000 Xxxxxxxxx Xxxxx |
Xxxxxxxx |
XX |
00000 |
Owned |
Cherry Hill Construction, Inc. |
0000 Xxxxxxxxxx Xxxxxxxxx |
Xxxxxx |
XX |
00000 |
Owned |
Cherry Hill Construction, Inc. |
0000 Xxxxxxxxxx Xxxxxxxxx |
Xxxxxx |
XX |
00000 |
Owned |
Cherry Hill Construction, Inc. |
0000 Xxxxxxxxxx Xxxxxxxxx |
Xxxxxx |
XX |
00000 |
Owned |
Cherry Hill Construction, Inc. |
0000 Xxxxxxxxxx Xxxxxxxxx |
Xxxxxx |
XX |
00000 |
Owned |
Cherry Hill Construction, Inc. |
0000 Xxxxxxxxxx Xxxxxxxxx |
Xxxxxx |
XX |
00000 |
Owned |
Cherry Hill Construction, Inc. |
0000 Xxxx Xxxxx Xxxxx 000 |
Xxxxxxxx |
XX |
00000 |
Leased |
Cherry Hill Construction, Inc. |
Xxxxx 000 0000 Xxxxx Xxxx Xxxx |
Xxxxxxx |
XX |
00000 |
Leased |
Cherry Hill Construction, Inc. |
0000 Xxxxxxxx Xxxx, Xxxxx 000 |
Xxxxxxxxxxx |
XX |
00000 |
Leased |
Cherry Hill Construction, Inc. |
0000 Xxxxx Xxx Xxx#0 |
Xxxxxxxx |
XX |
00000 |
Leased |
Desert Mechanical, Inc. |
00000 Xxxxx Xxxxxx |
Xxxxxx |
XX |
00000 |
Leased |
Desert Mechanical, Inc. |
0000 X. Xxxxx Xxxxxx Xxxx |
Xxxxxxxxx |
XX |
00000 |
Leased |
Desert Mechanical, Inc. |
0000 Xxxx Xxxxx Xxx |
Xxx Xxxxx |
XX |
00000 |
Sub - Leased |
Federated Fire Protection Systems Corp. |
000 Xxxx 00xx Xx., Xxxxx 0000 |
Xxx Xxxx |
XX |
00000 |
Leased |
Xxxx Electric Company |
000 00xx Xx, Xxxxxxxx 000, Xxxxxxxx Xxxxxx |
Xxx Xxxxxxxxx |
XX |
00000 |
Leased |
Xxxx Electric Company |
00000 Xxxxx Xxxxxx |
Xxxxxx |
XX |
00000 |
Leased |
Xxxx Electric Company |
00000 XX 000 Xxx Xxx 00 |
Xxxxxx |
XX |
00000 |
Leased |
Xxxx Electric Company |
000 Xxxxx Xxxxx Xxxx |
Xx Xxxx |
XX |
00000 |
Owned |
Xxxx Electric Company |
0000 X. Xxxxxx Xxxx Xxxx. |
Xxx Xxxxx |
XX |
00000 |
Leased |
Xxxx Electric Company |
0000 Xxxxxxxxxx Xxxxxx |
Xxxxxx |
XX |
00000 |
Leased |
Xxxx Electric Company |
0000 X Xxxxxx Xxxx Xxx 000 |
Xxxxxxxxxx |
XX |
00000 |
Leased |
Xxxx Electric Company |
00000 Xxxxxxxx Xxxxxx Xxxxx |
Xxxxxxx |
XX |
00000 |
Owned |
Xxxx Electric Company |
0000 Xxxxxxxx Xxxxxx |
Xxx Xxxxxxx |
XX |
00000 |
Owned |
Five Star Electric Corp. |
00 Xxxxx Xx |
Xxx Xxxx |
XX |
00000 |
Leased |
Five Star Electric Corp. |
000-00 Xxxxxx Xxxxxx xxx 00-00 000 Xxxxx |
Xxxxxxx |
XX |
00000 |
Leased |
Five Star Electric Corp. |
00-00 Xxxxxxxx Xxx |
Xxxx Xxxxxx Xxxx |
XX |
00000 |
Leased |
Five Star Electric Corp. |
00-00 Xxxxx Xx |
Xxxx Xxxxxx Xxxx |
XX |
00000 |
Leased |
Five Star Electric Corp. |
0 Xxxxxx Xxxxxx |
Xxx Xxxx |
XX |
00000 |
Leased |
Five Star Electric Corp. |
000 Xxxx 00xx Xxxxxx |
Xxx Xxxx |
XX |
00000 |
Leased |
Five Star Electric Corp. |
00 Xxxx Xxxxxx |
Xxx Xxxx |
XX |
00000 |
Leased |
Five Star Electric Corp. |
000-00 000xx Xxxxxx |
Xxxxx Xxxx |
XX |
00000 |
Leased |
Five Star Electric Corp. |
00-00 Xxx Xxxxxxx Xxxx |
Xxxxxx |
XX |
00000 |
Leased |
Five Star Electric Corp. |
000-00 000xx Xxxxxx |
Xxxxx Xxxx |
XX |
00000 |
Leased |
Five Star Electric Corp. |
000-00 00xx Xxxxxx |
Xxxxxxx |
XX |
00000 |
Leased |
Frontier-Xxxxxx |
0000 Xxxxxxx Xxxxxx |
Xxxxxxxxxx |
XX |
00000 |
Leased |
Frontier-Xxxxxx |
0000-X Xxxxxx Xxxx |
Xxxxxxxxxx |
XX |
00000 |
Leased |
Frontier-Xxxxxx |
0000 Xxxxx Xxxx |
Xxxxxxxxxx |
XX |
00000 |
Owned |
Frontier-Xxxxxx |
0000 Xxxxx Xxxx |
Xxxxxxxxxx |
XX |
00000 |
Owned |
Frontier-Xxxxxx |
00000 Xxxxx Xxxxxx |
Xxxxxx |
XX |
00000 |
Rent Expense |
Frontier-Xxxxxx |
0000 Xxxx Xxxxxx |
Xxx Xxxxxxxx |
XX |
00000 |
Rent Expense |
Xxxxx X. Xxxxxxxx, Inc. |
0000 Xxxxxxx Xxxxx Xxxx |
Xxxxxxx |
XX |
00000 |
Leased |
Xxxxxxx Western |
000 Xxxxxxxxx Xxxxx |
Xxx Xxxxxxx |
XX |
00000 |
Leased |
Xxxxxxx Western |
000 Xxxxxxxxx Xxxxx |
Xxx Xxxxxxx |
XX |
00000 |
Leased |
Xxxxxxx Western |
0000 Xxxx Xxxxx |
Xxxxxxxx |
XX |
00000 |
|
Xxxxxxx Western |
000 Xxxxx Xxxxxxxx |
Xxxxxxx |
XX |
00000 |
Leased |
Lunda Construction |
00000 Xxxxxxx Xxxxxx |
Xxxxxxxxx |
XX |
00000 |
Owned |
Lunda Construction |
00000 00xx Xxx X |
Xxxxx Xxxxx |
XX |
00000 |
Leased |
Lunda Xxxxxxxxxxxx |
Xxxxxxx Xxxxxx |
Xxxxxxxxx |
XX |
00000 |
Owned |
Lunda Construction |
000 Xxxxxxxx Xxxxxx |
Xxxxx Xxxxx Xxxxx |
XX |
00000 |
Owned |
Lunda Construction |
X0000 Xxxxxxxxx Xxxx |
Xxxxxxx |
XX |
00000 |
Owned |
Lunda Construction |
0000 Xxxxxx Xxxxxx |
Xxxxxx Xxxxx |
XX |
00000 |
Owned |
Lunda Construction |
000 Xxxxxx Xxxxx |
Xxxxxx Xxxxx |
XX |
00000 |
Owned |
Lunda Construction |
X000 X0000 Xxxxxxxxxxxx Xx |
Xxxxxxxx, |
XX |
00000 |
Owned |
Nagelbush Mechanical, Inc. |
0000 XX 00Xx Xxx Xxx 000 |
Xxxx Xxxxxxxxx |
XX |
00000 |
Leased |
Nagelbush Mechanical, Inc. |
0000 XX 00xx Xxxxx |
Xxxx Xxxxxxxxxx |
XX |
00000 |
Leased |
Xxxxxxx and Xxxxxxx |
00000 Xxxx Xxx. |
Xxxxxx |
XX |
00000 |
Owned |
Xxxxxxx and Xxxxxxx |
0000 Xxxxxxx Xxxx., Xxx. 000 |
Xxxxxxx Xxxx |
XX |
00000 |
Leased |
Xxxxxxx and Xxxxxxx |
0000 Xxxxxx Xx., Xxx 000 |
Xxxxxxxxx |
XX |
00000 |
Leased |
Xxxxxxx and Xxxxxxx |
00000 Xxxxx Xxxxxxxx Xxxx Xxxxxxx Xxxxx |
Xxx Xxxxx |
XX |
00000 |
Leased |
Xxxxxxx and Xxxxxxx |
0000 Xxxxxx Xxxxx |
Xxxxxxxx (Xxxxxxxx) |
XX |
00000 |
Owned |
Xxxxxxx and Xxxxxxx |
000 X Xxxxxx |
Xxx Xxxxx |
XX |
00000 |
Leased |
Superior Gunite |
00000 Xxxxxxxx Xxxx |
Xxxxxxxx Xxxxxxx |
XX |
00000 |
Leased |
Superior Gunite |
00000 Xxx Xxxx Xxxx |
Xxxxxxxx Xxxxxxx |
XX |
00000 |
Leased |
Superior Gunite |
0 Xxxx Xxxxxx |
Xxxxxx Xxxx |
XX |
0000 |
Leased |
Tutor Perini Building Corp. |
0000 X. Xxxxxxxxxx Xx. # 000 |
Xxxxxxx |
Xxxxxxx |
00000 |
Leased |
Tutor Perini Building Corp. |
Xxx Xxxx Xxxxxxx Xxxx., Xxxxx 0000 |
Xxxx Xxxxxxxxxx |
XX |
00000 |
Leased |
Tutor Perini Building Corp. |
0000 Xxxxxx Xxxxx Xxxxx |
Xxxxxxxxx |
Xxxxxx |
00000 |
Owned |
Tutor Perini Building Corp. |
0000 Xxxxx Xxxxxx Xxxx |
Xxxxxxxxx |
Xxxxxx |
00000 |
Owned |
Tutor Perini Building Corp. |
Apex Parcel 103-10-010-007 |
Xxx Xxxxx |
Xxxxxx |
00000 |
Owned |
Tutor Perini Building Corp. |
000 X. 00xx Xxxxxx Xxxxx 0000 |
Xxx Xxxx |
XX |
00000 |
Leased |
Tutor Perini Building Corp. |
000 X. 00xx Xxxxxx Xxxxx 0000 |
Xxx Xxxx |
XX |
00000 |
Leased |
Tutor Perini Building Corp. |
0000 Xxxx Xxxxxx |
Xxxxxxxxxxxx |
XX |
00000 |
Leased |
Tutor Perini Building Corp. |
000 X. 00xx Xxxxxx |
Xxxxxxxxxxxx |
XX |
00000 |
Leased |
Tutor Perini Building Corp. |
000 X. 00xx Xxxxxx Xxxxx 000 |
Xxx Xxxx |
XX |
00000 |
Leased |
Tutor Perini Building Corp. |
000 X. 00xx Xxxxxx - 0xx & 0xx Xxxxx |
Xxx Xxxx |
XX |
00000 |
Leased |
Tutor Perini Building Corp. |
000 X. 00xx Xxxxxx - Xxxxx 0000 & 1008 |
Xxx Xxxx |
XX |
00000 |
Leased |
Tutor Perini Building Corp. |
00 X 00xx Xxxxxx Xxxxx 0000 |
Xxxxxxxxxxxx |
XX |
00000 |
Leased |
Tutor Perini Building Corp. |
00 X 00xx Xxxxxx Xxxxx 0000 |
Xxxxxxxxxxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
A-101 Greenwhich Shore Apts 000 Xxxxx Xxxxxx |
Xxxxxxxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
Xx. Xxx 00, Xxxxxxx Xxxxxxxx |
Xxxxxx |
XX |
00000 |
Owned |
Tutor Perini Corporation |
000 Xxxx Xxxxxx Xxxxxx |
Xxxx Xxxxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
00-00 Xxxxxxxx Xxxxxxxxx |
Xxxx Xxxxxx Xxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
00-00 00xx Xxxxxx |
Xxxx Xxxxxx Xxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
0000 Xxxx Xxxxxx |
Xxx Xxxxxxxx |
XX |
00000 |
Owned |
Tutor Perini Corporation |
15H The Capital @ Chelea - 00 Xxxx 00xx Xxxxxx |
Xxx Xxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
000 X 00xx Xxxxxx; Xxxxx 000 |
Xxx Xxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
00 Xxxxxx Xxxx Xxxxxx Xxx 00 X |
Xxx Xxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
000 X 00xx Xxxxxx; Xxxxx 0000 |
Xxx Xxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
0000 Xxxxx Xxxxx Xxxxxx |
Xxxxxxxxx |
XX |
00000 |
Owned |
Tutor Perini Corporation |
00 Xxxx Xxxx |
Xxxxxx Xxxxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
000 Xxxx Xxxxxx Xxxxxx |
Xxxx Xxxxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
00 Xxxxxxxx Xxxxx Xxx 00 X |
Xxxxxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
00 Xxxxxxxx Xxx Xxx 00X |
Xxxxxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
000X 00xx Xxxxxx Xxx 00X (Abington House) |
Xxx Xxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
00 Xxxxxx Xxxxxx |
Xxxxxxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
000 Xxxxxxx Xxxx |
Xxxxxx Xxxxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
00000 Xxxxxx Xxxxxx |
Xxxxxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
000 Xxxx Xxxx Xxxxx #X000 |
Xxx Xxxxxxxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
00 Xxx Xxxxxxxxxx xx, Xxxxx 000 |
Xxx Xxxxxxxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
000 Xxxx Xx, Xxx 0000 |
Xxx Xxxxxxxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
00000 Xxxxx Xxxxxx |
Xxxxxx |
XX |
00000 |
Owned |
Tutor Perini Corporation |
00000 Xxxxx Xxxxxx |
Xxxxxx |
XX |
00000 |
Owned |
Tutor Perini Corporation |
00000 Xxxxx Xxxxxx |
Xxxxxx |
XX |
00000 |
Leased |
Tutor Perini Corporation |
00 Xx. Xxxxx Xxxxxx |
Xxxxxxxxxx |
XX |
00000 |
Owned |
Tutor Perini Corporation |
000 Xxxx 00xx Xxxxxx, Xxxx 00X, |
Xxx Xxxx |
XX |
00000 |
Leased |
WDF Inc. |
00 X. XxxXxxxxxx Xxxx |
Xx. Xxxxxx |
XX |
00000 |
Leased |
WDF Inc. |
000 X. Xxxxxx Xxx. |
Xx. Xxxxxx |
XX |
00000 |
Leased |
WDF Inc. |
000 Xxxxxxxx Xxxxx 0000 |
Xxx Xxxx |
XX |
00000 |
Leased |
WDF Inc. |
0000 Xxxxx Xxxxxx |
Xxxxx |
XX |
00000 |
Leased |
WDF Inc. |
0000 Xxxxxx Xxxxxx (Shared Space w/ WDF Federated Fire) |
Xxxxx |
XX |
00000 |
Leased |
WDF Inc. |
0000 Xxxxxx Xxxxxx |
Xxxxx |
XX |
00000 |
Leased |
WDF Inc. |
000 Xxxx 00xx Xxxxxx |
Xxx Xxxx |
XX |
00000 |
Leased |
WDF Inc. DBA WDF Federated Fire Protection |
0000 Xxxxxx Xxxxxx |
Xxxxx |
XX |
00000 |
Leased |