L-3 COMMUNICATIONS CORPORATION
FIRST AMENDMENT
TO SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT
This FIRST AMENDMENT TO THE SECOND AMENDED AND RESTATED 364
DAY CREDIT AGREEMENT (this "AMENDMENT") is dated as of October 17, 2001 and
entered into by and among L-3 COMMUNICATIONS CORPORATION, a Delaware corporation
(the "BORROWER") which is wholly owned by L-3 COMMUNICATIONS HOLDINGS, INC., a
Delaware corporation ("HOLDINGS"), the Lenders party to the Credit Agreement
referred to below on the date hereof (the "LENDERS"), BANK OF AMERICA, N.A.,
("BOA"), as administrative agent for the Agents (as defined below) and the
Lenders (in such capacity, the "ADMINISTRATIVE AGENT") and certain financial
institutions named as co-agents, XXXXXX COMMERCIAL PAPER, INC. ("LCPI") as
syndication agent and documentation agent (in such capacity, the "SYNDICATION
AGENT" and the "DOCUMENTATION AGENT"). All capitalized terms used herein without
definition shall have the same meanings herein as set forth in the Credit
Agreement (as defined below).
W I T N E S S E T H:
WHEREAS, the Borrower, the Lenders, the Syndication Agent, the
Documentation Agent, the Administrative Agent and certain other parties have
entered into the Second Amended and Restated 364 Day Credit Agreement dated as
of May 16, 2001 (as amended, supplemented, restated or otherwise modified from
time to time, the "CREDIT AGREEMENT"); and
WHEREAS, the Borrower desires that the Lenders consent to an
amendment of certain provisions of the Credit Agreement and related Credit
Documents to, inter alia, (i) allow Holdings to issue certain convertible debt
securities and (ii) make certain related amendments;
NOW, THEREFORE, in consideration of the premises and the
agreements, provisions and covenants herein contained, the parties hereto agree
as follows:
SECTION 1. AMENDMENTS. Subject to the satisfaction of each of
the conditions to effectiveness set forth in Section 2 of this Amendment, the
Borrower and the Required Lenders hereby agree to amend the Credit Agreement as
follows:
1.1 The following defined terms in Subsection 1.1 of the
Credit Agreement are hereby amended and restated as follows:
"Consolidated EBITDA": as of the last day of any fiscal
quarter, Consolidated Net Income of Borrower and its Subsidiaries and,
without duplication, the Acquired Businesses (excluding, without
duplication, (x) extraordinary gains and losses in accordance with
GAAP, (y) gains and losses in connection with asset dispositions
whether or not constituting extraordinary gains and losses and (z)
gains or losses on discontinued operations) for the four fiscal
quarters ended on such date, plus (i) Consolidated Interest Expense of
Borrower and its Subsidiaries and all Consolidated Interest Expense of
Holdings with respect to the Permitted Convertible Securities
guaranteed by the Borrower or its Subsidiaries and, without
duplication, the Acquired Businesses for such period, plus (ii) to the
extent deducted in computing such Consolidated Net Income of Borrower
or its Subsidiaries and, without duplication, the Acquired Businesses,
the sum of income taxes, depreciation and amortization for such period.
"Consolidated Cash Interest Expense": as of the last day of
any fiscal quarter, the amount of interest expense, payable in cash, of
Borrower and its Subsidiaries and the amount of interest expense,
payable in cash, of Holdings with respect to the Permitted Convertible
Securities guaranteed by the Borrower or its Subsidiaries, for the four
fiscal quarters ended on such date, determined on a consolidated basis
in accordance with GAAP for such period.
"Consolidated Total Debt": at any date, the sum of (i) all
Indebtedness of the Borrower and its Subsidiaries outstanding on such
date for borrowed money or the deferred purchase price of property,
including, without limitation, in respect of Financing Leases but
excluding Indebtedness permitted pursuant to subsection 7.2(g) and (ii)
the outstanding amount of Permitted Convertible Securities guaranteed
by the Borrower or its Subsidiaries.
1.2 Subsection 2.6(b)(i) of the Credit Agreement is hereby
amended by inserting the phrase "and the issuance of Permitted Convertible
Securities by Holdings" after the phrase "(other than Indebtedness permitted
pursuant to subsection 7.2" in the first sentence of subsection 2.6(b)(i).
1.3 Subsection 7.4(g) of the Credit Agreement is hereby
amended and restated in their entirety to read as follows:
"(g) Guarantee Obligations in respect of Convertible
Securities issued by Holdings (the "Permitted Convertible
Securities"); and"
SECTION 2. CONDITIONS TO EFFECTIVENESS FOR SECTION 1. The
provisions of Section 1 of this Amendment shall be deemed effective as of the
date when each of the following conditions have been satisfied (such effective
date occurring upon satisfaction of such conditions being referred to herein as
the "AMENDMENT EFFECTIVE DATE"):
2.1 The Borrower shall have delivered to Administrative Agent
executed copies of this Amendment and each of the other Credit Parties shall
have delivered to the Administrative Agent executed copies of the Guarantors'
Consent and Acknowledgment to this Amendment in the form attached hereto;
2
2.2 The Required Lenders shall have delivered to the
Administrative Agent an executed original or facsimile of a counterpart of this
Amendment;
2.3 The representations and warranties contained in Section 3
hereof shall be true and correct in all respects; and
2.4 All conditions to effectiveness set forth in Section 2 in
the First Amendment to the Third Amended and Restated Credit Agreement of even
date herewith shall have been satisfied.
SECTION 3. REPRESENTATIONS AND WARRANTIES. In order to induce
Lenders to enter into this Amendment and to amend the Credit Agreement in the
manner provided herein, the Borrower represents and warrants to each Lender that
the following statements are true, correct and complete:
3.1 Authorization and Enforceability. (a) The Borrower has all
requisite corporate power and authority to enter into this Amendment and to
carry out the transactions contemplated by, and perform its obligations under,
the Credit Agreement as amended by this Amendment (the "AMENDED AGREEMENT"), (b)
the execution and delivery of this Amendment has been duly authorized by all
necessary corporate action on the part of the Borrower and (c) this Amendment
and the Amended Agreement have been duly executed and delivered by the Borrower
and, when executed and delivered, will be the legally valid and binding
obligations of the Borrower, enforceable against the Borrower in accordance with
their respective terms, subject to (i) the effects of bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium or similar laws relating to or
limiting creditors' rights generally, (ii) general equitable principles (whether
considered in a proceeding, in equity or at law) and (iii) an implied covenant
of good faith and fair dealing.
3.2 Incorporation of Representations and Warranties From
Credit Agreement. The representations and warranties contained in Section 4 of
the Credit Agreement are and will be true, correct and complete in all material
respects on and as of the Amendment Effective Date, to the same extent as though
made on and as of that date, except to the extent such representations and
warranties specifically relate to an earlier date, in which case they were true,
correct and complete in all material respects on and as of such earlier date.
3.3 Absence of Default and Setoff. No event has occurred and
is continuing or will result from the consummation of the transactions
contemplated by this Amendment that would constitute an Event of Default or a
potential Event of Default and no defense, setoff or counterclaim of any kind,
nature or description exists to the payment and performance of the obligations
owing by Borrower to the Agents and the Lenders.
SECTION 4. MISCELLANEOUS.
4.1 Effect on the Credit Agreement and the other Credit
Documents. Except as specifically amended by this Amendment, the Credit
Agreement and the other Credit Documents shall remain in full force and effect
and are hereby ratified and confirmed. The
3
execution, delivery and performance of this Amendment shall not, except as
expressly provided herein, constitute a waiver of any provision of, or operate
as a waiver of any right, power or remedy of the Administrative Agent or any
Lender under, the Credit Agreement or any of the other Credit Documents.
4.2 Fees and Expenses. The Borrower acknowledges that all
costs, fees and expenses as described in Section 10.5 of the Credit Agreement
incurred by Administrative Agent and its counsel with respect to this Amendment
and the documents and transactions contemplated hereby shall be for the account
of the Borrower.
4.3 GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
4.4 SUBMISSION TO JURISDICTION; WAIVERS; WAIVER OF JURY TRIAL;
ACKNOWLEDGMENTS; CONFIDENTIALITY. Each of the terms and conditions set forth in
Sections 10.12, 10.13, 10.14 and 10.15 of the Credit Agreement are hereby
incorporated into this Amendment as if set forth fully herein except that each
reference to "Agreement" therein shall be deemed to be a reference to
"Amendment" herein.
4.5 Counterparts; Effectiveness. This Amendment may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed and delivered shall be
deemed an original, but all such counterparts together shall constitute but one
and the same instrument. Except for the terms of Section 1 hereof (which shall
only become effective on the Amendment Effective Date), this Amendment shall
become effective upon the execution of a counterpart hereof by the Borrower and
the Required Lenders and receipt by the Borrower and the Administrative Agent of
written or telephonic notification of such execution and authorization of
delivery thereof.
[SIGNATURE PAGES FOLLOW]
4
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed and delivered by their proper and duly authorized
officers as of the day and year first above written.
L-3 COMMUNICATIONS CORPORATION
By:
---------------------------------------
Title:
BANK OF AMERICA, N.A.,
as Administrative Agent
By:
---------------------------------------
Title:
BANK OF AMERICA, N.A.,
as a Lender
By:
---------------------------------------
Title:
XXXXXX COMMERCIAL PAPER INC.,
as Documentation Agent, Syndication
Agent and as a Lender
By:
---------------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO SECOND AMENDED AND RESTATED 364 DAY
CREDIT AGREEMENT]
Guarantors' Acknowledgment and Consent
Each of the undersigned hereby acknowledges receipt of the
attached Amendment and consents to the execution and performance thereof by L-3
Communications Corporation. Each of the undersigned hereby also reaffirms that
the guarantee of such undersigned in favor of the Administrative Agent for the
ratable benefit of the Lenders and the Agents remains in full force and effect
and acknowledges and agrees that there is no defense, setoff or counterclaim of
any kind, nature or description to obligations arising under such guarantee.
Date: October 17, 2001
L-3 COMMUNICATIONS HOLDINGS, INC.
By:
---------------------------------------
Name: Xxxxxxxxxxx X. Xxxxxxx
Title: Vice President-General Counsel
and Secretary
HYGIENETICS ENVIRONMENTAL SERVICES, INC.
By:
---------------------------------------
Name: Xxxxxxxxxxx X. Xxxxxxx
Title: Vice President and Secretary
L-3 COMMUNICATIONS ILEX SYSTEMS, INC.
By:
---------------------------------------
Name: Xxxxxxxxxxx X. Xxxxxxx
Title: Vice President and Secretary
L-3 COMMUNICATIONS SPD TECHNOLOGIES INC.
By:
---------------------------------------
Name: Xxxxxxxxxxx X. Xxxxxxx
Title: Vice President and Secretary
[SIGNATURE PAGES TO GUARANTORS' ACKNOWLEDGMENT AND CONSENT TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
L-3 COMMUNICATIONS AYDIN CORPORATION
By:
---------------------------------------
Name: Xxxxxxxxxxx X. Xxxxxxx
Title: Vice President and Secretary
MICRODYNE CORPORATION
By:
---------------------------------------
Name: Xxxxxxxxxxx X. Xxxxxxx
Title: Vice President and Secretary
[SIGNATURE PAGES TO GUARANTORS' ACKNOWLEDGMENT AND CONSENT TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
THE BANK OF NEW YORK
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
BANK ONE, N.A. (Main Office Chicago)
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
FLEET NATIONAL BANK
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
CREDIT LYONNAIS NEW YORK BRANCH
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
FIRST UNION COMMERCIAL CORPORATION
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
THE FUJI BANK, LIMITED
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
HSBC BANK USA
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
THE GOVERNOR AND COMPANY OF THE
BANK OF IRELAND
By:
---------------------------------
Title:
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
BANK OF TOKYO-MITSUBISHI TRUST COMPANY
By:
-----------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
COMERICA BANK
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
CREDIT INDUSTRIEL ET COMMERCIAL
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
THE DAI-ICHI KANGYO BANK, LTD.
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
BARCLAYS BANK PLC
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
RZB FINANCE LLC
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
ERSTE BANK, NEW YORK
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
GENERAL ELECTRIC CAPITAL CORPORATION
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
THE INDUSTRIAL BANK OF JAPAN, LIMITED
By:
----------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
THE MITSUBISHI TRUST AND BANKING CORPORATION
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
SOCIETE GENERALE
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
SUNTRUST BANK
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
XXXXXXX BANK
By:
---------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED 364 DAY CREDIT AGREEMENT]
L-3 COMMUNICATIONS CORPORATION
FIRST AMENDMENT
TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT
This FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED CREDIT
AGREEMENT (this "AMENDMENT") is dated as of October 17, 2001 and entered into by
and among L-3 COMMUNICATIONS CORPORATION, a Delaware corporation (the
"BORROWER") which is wholly owned by L-3 COMMUNICATIONS HOLDINGS, INC., a
Delaware corporation ("HOLDINGS"), the Lenders party to the Credit Agreement
referred to below on the date hereof (the "LENDERS"), BANK OF AMERICA, N.A.,
("BOA"), as administrative agent for the Agents (as defined below) and the
Lenders (in such capacity, the "ADMINISTRATIVE AGENT") and certain financial
institutions named as co-agents, XXXXXX COMMERCIAL PAPER, INC. ("LCPI") as
syndication agent and documentation agent (in such capacity, the "SYNDICATION
AGENT" and the "DOCUMENTATION AGENT"). All capitalized terms used herein without
definition shall have the same meanings herein as set forth in the Credit
Agreement (as defined below).
W I T N E S S E T H:
WHEREAS, the Borrower, the Lenders, the Syndication Agent, the
Documentation Agent, the Administrative Agent and certain other parties have
entered into the Third Amended and Restated Credit Agreement dated as of May 16,
2001 (as amended, supplemented, restated or otherwise modified from time to
time, the "CREDIT AGREEMENT"); and
WHEREAS, the Borrower desires that the Lenders consent to an
amendment of certain provisions of the Credit Agreement and related Credit
Documents to, inter alia, (i) allow Holdings to issue certain convertible debt
securities and (ii) make certain related amendments;
NOW, THEREFORE, in consideration of the premises and the
agreements, provisions and covenants herein contained, the parties hereto agree
as follows:
SECTION 1. AMENDMENTS. Subject to the satisfaction of each of
the conditions to effectiveness set forth in Section 2 of this Amendment, the
Borrower and the Required Lenders hereby agree to amend the Credit Agreement as
follows:
1.1 The following defined terms in Subsection 1.1 of the Credit
Agreement are hereby amended and restated as follows:
"Consolidated EBITDA": as of the last day of any fiscal
quarter, Consolidated Net Income of Borrower and its Subsidiaries and,
without duplication, the Acquired Businesses (excluding, without
duplication, (x) extraordinary gains and losses in accordance with
GAAP, (y) gains and losses in connection with asset dispositions
whether or not constituting extraordinary gains and losses and (z)
gains or losses on discontinued operations) for the four fiscal
quarters ended on such date, plus (i)
Consolidated Interest Expense of Borrower and its Subsidiaries and all
Consolidated Interest Expense of Holdings with respect to the Permitted
Convertible Securities guaranteed by the Borrower or its Subsidiaries
and, without duplication, the Acquired Businesses for such period, plus
(ii) to the extent deducted in computing such Consolidated Net Income
of Borrower and its Subsidiaries and, without duplication, the Acquired
Businesses, the sum of income taxes, depreciation and amortization for
such period.
"Consolidated Cash Interest Expense": as of the last day of
any fiscal quarter, the amount of interest expense, payable in cash, of
Borrower and its Subsidiaries and the amount of interest expense,
payable in cash, of Holdings with respect to the Permitted Convertible
Securities guaranteed by the Borrower or its Subsidiaries, for the four
fiscal quarters ended on such date, determined on a consolidated basis
in accordance with GAAP for such period.
"Consolidated Total Debt": at any date, the sum of (i) all
Indebtedness of the Borrower and its Subsidiaries outstanding on such
date for borrowed money or the deferred purchase price of property,
including, without limitation, in respect of Financing Leases but
excluding Indebtedness permitted pursuant to subsection 7.2(g) and (ii)
the outstanding amount of Permitted Convertible Securities guaranteed
by the Borrower or its Subsidiaries.
1.2 Subsection 2.6(b)(i) of the Credit Agreement is hereby amended
by inserting the phrase "and the issuance of Permitted Convertible Securities by
Holdings" after the phrase "(other than Indebtedness permitted pursuant to
subsection 7.2" in the first sentence of subsection 2.6(b)(i).
1.3 Subsection 7.4(g) of the Credit Agreement is hereby amended
and restated in their entirety to read as follows:
"(g) Guarantee Obligations in respect of Convertible
Securities issued by Holdings (the "Permitted Convertible Securities");
and"
SECTION 2. CONDITIONS TO EFFECTIVENESS FOR SECTION 1. The
provisions of Section 1 of this Amendment shall be deemed effective as of the
date when each of the following conditions have been satisfied (such effective
date occurring upon satisfaction of such conditions being referred to herein as
the "AMENDMENT EFFECTIVE DATE"):
2.1 The Borrower shall have delivered to Administrative Agent
executed copies of this Amendment and each of the other Credit Parties shall
have delivered to the Administrative Agent executed copies of the Guarantors'
Consent and Acknowledgment to this Amendment in the form attached hereto;
2.2 The Required Lenders shall have delivered to the
Administrative Agent an executed original or facsimile of a counterpart of this
Amendment;
2.3 The representations and warranties contained in Section 3
hereof shall be true and correct in all respects;
2
2.4 All conditions to effectiveness set forth in Section 2 in
the First Amendment to the Second Amended and Restated 364 Day Credit Agreement
of even date herewith shall have been satisfied.
SECTION 3. REPRESENTATIONS AND WARRANTIES. In order to induce
Lenders to enter into this Amendment and to amend the Credit Agreement in the
manner provided herein, the Borrower represents and warrants to each Lender that
the following statements are true, correct and complete:
3.1 Authorization and Enforceability. (a) The Borrower has all
requisite corporate power and authority to enter into this Amendment and to
carry out the transactions contemplated by, and perform its obligations under,
the Credit Agreement as amended by this Amendment (the "AMENDED AGREEMENT"), (b)
the execution and delivery of this Amendment has been duly authorized by all
necessary corporate action on the part of the Borrower and (c) this Amendment
and the Amended Agreement have been duly executed and delivered by the Borrower
and, when executed and delivered, will be the legally valid and binding
obligations of the Borrower, enforceable against the Borrower in accordance with
their respective terms, subject to (i) the effects of bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium or similar laws relating to or
limiting creditors' rights generally, (ii) general equitable principles (whether
considered in a proceeding, in equity or at law) and (iii) an implied covenant
of good faith and fair dealing.
3.2 Incorporation of Representations and Warranties From
Credit Agreement. The representations and warranties contained in Section 4 of
the Credit Agreement are and will be true, correct and complete in all material
respects on and as of the Amendment Effective Date, to the same extent as though
made on and as of that date, except to the extent such representations and
warranties specifically relate to an earlier date, in which case they were true,
correct and complete in all material respects on and as of such earlier date.
3.3 Absence of Default and Setoff. No event has occurred and
is continuing or will result from the consummation of the transactions
contemplated by this Amendment that would constitute an Event of Default or a
potential Event of Default and no defense, setoff or counterclaim of any kind,
nature or description exists to the payment and performance of the obligations
owing by Borrower to the Agents and the Lenders.
SECTION 4. MISCELLANEOUS.
4.1 Effect on the Credit Agreement and the other Credit
Documents. Except as specifically amended by this Amendment, the Credit
Agreement and the other Credit Documents shall remain in full force and effect
and are hereby ratified and confirmed. The execution, delivery and performance
of this Amendment shall not, except as expressly provided herein, constitute a
waiver of any provision of, or operate as a waiver of any right, power or remedy
of the Administrative Agent or any Lender under, the Credit Agreement or any of
the other Credit Documents.
4.2 Fees and Expenses. The Borrower acknowledges that all
costs, fees and expenses as described in Section 10.5 of the Credit Agreement
incurred by Administrative Agent
3
and its counsel with respect to this Amendment and the documents and
transactions contemplated hereby shall be for the account of the Borrower.
4.3 GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
4.4 SUBMISSION TO JURISDICTION; WAIVERS; WAIVER OF JURY TRIAL;
ACKNOWLEDGMENTS; CONFIDENTIALITY. Each of the terms and conditions set forth in
Sections 10.12, 10.13, 10.14 and 10.15 of the Credit Agreement are hereby
incorporated into this Amendment as if set forth fully herein except that each
reference to "Agreement" therein shall be deemed to be a reference to
"Amendment" herein.
4.5 Counterparts; Effectiveness. This Amendment may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed and delivered shall be
deemed an original, but all such counterparts together shall constitute but one
and the same instrument. Except for the terms of Section 1 hereof (which shall
only become effective on the Amendment Effective Date), this Amendment shall
become effective upon the execution of a counterpart hereof by the Borrower and
the Required Lenders and receipt by the Borrower and the Administrative Agent of
written or telephonic notification of such execution and authorization of
delivery thereof.
[SIGNATURE PAGES FOLLOW]
4
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed and delivered by their proper and duly authorized
officers as of the day and year first above written.
L-3 COMMUNICATIONS CORPORATION
By:
--------------------------------------
Title:
BANK OF AMERICA, N.A.,
as Administrative Agent
By:
--------------------------------------
Title:
BANK OF AMERICA, N.A.,
as a Lender
By:
--------------------------------------
Title:
XXXXXX COMMERCIAL PAPER INC.,
as Documentation Agent, Syndication
Agent and as a Lender
By:
--------------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
Guarantors' Acknowledgment and Consent
Each of the undersigned hereby acknowledges receipt of the
attached Amendment and consents to the execution and performance thereof by L-3
Communications Corporation. Each of the undersigned hereby also reaffirms that
the guarantee of such undersigned in favor of the Administrative Agent for the
ratable benefit of the Lenders and the Agents remains in full force and effect
and acknowledges and agrees that there is no defense, setoff or counterclaim of
any kind, nature or description to obligations arising under such guarantee.
Date: October 17, 2001
L-3 COMMUNICATIONS HOLDINGS, INC.
By:
----------------------------------------
Name: Xxxxxxxxxxx X. Xxxxxxx
Title: Vice President-General Counsel
and Secretary
HYGIENETICS ENVIRONMENTAL SERVICES, INC.
By:
----------------------------------------
Name: Xxxxxxxxxxx X. Xxxxxxx
Title: Vice President and Secretary
L-3 COMMUNICATIONS ILEX SYSTEMS, INC.
By:
----------------------------------------
Name: Xxxxxxxxxxx X. Xxxxxxx
Title: Vice President and Secretary
L-3 COMMUNICATIONS SPD TECHNOLOGIES INC.
By:
----------------------------------------
Name: Xxxxxxxxxxx X. Xxxxxxx
Title: Vice President and Secretary
[SIGNATURE PAGES TO GUARANTOR'S ACKNOWLEDGMENT AND CONSENT TO FIRST AMENDMENT TO
THIRD AMENDED AND RESTATED CREDIT AGREEMENT]
L-3 COMMUNICATIONS AYDIN CORPORATION
By:
--------------------------------------
Name: Xxxxxxxxxxx X. Xxxxxxx
Title: Vice President and Secretary
MICRODYNE CORPORATION
By:
--------------------------------------
Name: Xxxxxxxxxxx X. Xxxxxxx
Title: Vice President and Secretary
[SIGNATURE PAGES TO GUARANTOR'S ACKNOWLEDGMENT AND CONSENT TO FIRST AMENDMENT TO
THIRD AMENDED AND RESTATED CREDIT AGREEMENT]
THE BANK OF NEW YORK
By:
---------------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
BANK ONE, N.A. (Main Office Chicago)
By:
---------------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
FLEET NATIONAL BANK
By:
---------------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
CREDIT LYONNAIS NEW YORK BRANCH
By:
---------------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
FIRST UNION COMMERCIAL CORPORATION
By:
---------------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
THE FUJI BANK, LIMITED
By:
---------------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
HSBC BANK USA
By:
---------------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
THE GOVERNOR AND COMPANY OF THE BANK OF
IRELAND
By:
---------------------------------------
Title:
By:
---------------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
BANK OF TOKYO-MITSUBISHI TRUST COMPANY
By:
---------------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
COMERICA BANK
By:
---------------------------------------
Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
CREDIT INDUSTRIEL ET COMMERCIAL
By:
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Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
THE DAI-ICHI KANGYO BANK, LTD.
By:
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Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
BARCLAYS BANK PLC
By:
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Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
RZB FINANCE LLC
By:
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Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
ERSTE BANK, NEW YORK
By:
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Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
GENERAL ELECTRIC CAPITAL CORPORATION
By:
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Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
THE INDUSTRIAL BANK OF JAPAN, LIMITED
By:
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Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
THE MITSUBISHI TRUST AND BANKING CORPORATION
By:
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Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
SOCIETE GENERALE
By:
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Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
SUNTRUST BANK
By:
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Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
XXXXXXX BANK
By:
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Title:
[SIGNATURE PAGES TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT]
