AMENDMENT TO DISBURSEMENT AGREEMENT
Exhibit 10.6.1
AMENDMENT TO DISBURSEMENT AGREEMENT
THIS AMENDMENT TO DISBURSEMENT AGREEMENT
(this “Amendment”), is made effective as of
the 31st day of January 2006, by and among IdleAire Technologies Corporation, a Delaware
corporation (the “Company”), Xxxxx Fargo Bank, National Association, as Trustee (the
“Trustee”), and Xxxxx Fargo Bank, National Association, as Disbursement Agent (the
“Disbursement Agent” and, along with the Company and the Trustee, the “Parties”)
pursuant to and in accordance with (i) Section 15.8 of that certain Disbursement Agreement by and
among the Parties, dated as of December 30, 2005 (the “Disbursement Agreement”) and (ii)
Section 8.01 of that certain Indenture by and among the Parties, dated as of December 30, 2005 (the
“Indenture”).
WHEREAS, capitalized terms used herein and not defined shall have the meaning ascribed to such
terms in the Indenture;
WHEREAS, the Disbursement Agreement is a Collateral Agreement under the Indenture; and
WHEREAS, in accordance with Section 15.8 of the Disbursement Agreement and Section 8.01 of the
Indenture, the Parties hereby amend the Disbursement Agreement as set forth herein.
NOW, THEREFORE, for and in consideration of the foregoing premises and of the mutual
agreements hereinafter set forth, the Parties hereby agree as follows:
1. Amendment to Disbursement Agreement. The Parties hereby amend the Disbursement Agreement as
follows:
1.1. The first sentence of Section 4.1 of the Disbursement Agreement is hereby deleted in its
entirety and restated as follows:
4.1. The Issuer shall have the right from time to time during
the course of this Agreement (but no more frequently than once per
calendar month) to submit to the Disbursement Agent, with a copy to
the Trustee, a Facilities Disbursement Request and an Advance
Disbursement Request.
1.2. Section 2 of the Form of Facilities Disbursement Request, Exhibit B-1 of the Disbursement
Agreement, is hereby deleted in its entirety and restated as follows:
2. With respect to the Disbursement, the Issuer has delivered
or caused to be delivered to the Disbursement Agent (a) true and
complete invoices or purchase orders that have been tendered for all
costs, that, individually, exceed $10,000, for which disbursement is
requested hereunder (provided, that the aggregate amount of
invoices or purchase orders omitted from being provided to the
Disbursement Agent by virtue of this clause (a) may not
exceed $250,000 in any one Disbursement Request), and
1
(b) such amounts as the Issuer withheld for good cause, which
are listed on Schedule 2 hereto (together with a brief
explanation as to why such amounts were withheld) for all
disbursements identified on this Disbursement Request (collectively
with the information and documentation required to be provided under
Section 1 above, including the information required to be
provided on Schedules 1 and 2 hereto, the
“Supporting Documentation”).
1.3. All references in the Disbursement Agreement to Section “3.3” of the Disbursement
Agreement are hereby amended to refer to Section “3” of the Disbursement Agreement.
2. Miscellaneous.
2.1. The Recitals hereto are hereby incorporated by reference as if fully set forth in this
Amendment.
2.2. This Amendment shall be binding upon and inure to the benefit of the Parties and their
respective heirs, executors, administrators, successors, and assigns.
2.3. This instrument contains the entire agreement among the Parties with respect to the
subject matter hereof and shall not be modified except in accordance with the applicable
provisions of the Disbursement Agreement and the Indenture.
2.4. This Amendment shall be governed by the laws of the State of New York, and shall be
construed under the substantive law of the State of New York without regard to its conflicts of
law provisions.
2.5 This Amendment may be executed in any number of counterparts and all counterparts
executed by the Parties together shall constitute one and the same Amendment.
(Signatures on following page.)
2
IN WITNESS WHEREOF, the Parties have hereunto executed this Amendment on the day and year
first above written.
COMPANY: | ||||||
IDLEAIRE TECHNOLOGIES CORPORATION, a Delaware corporation | ||||||
By: | /s Xxxxxxx X. Xxxxxxxx | |||||
Name: | Xxxxxxx X. Xxxxxxxx | |||||
Title: | Chief Executive Officer | |||||
TRUSTEE: | ||||||
XXXXX FARGO BANK, NATIONAL ASSOCIATION | ||||||
By: | /s/ Xxxx X. Xxxxxxx | |||||
Name: | Xxxx X. Xxxxxxx | |||||
Title: | Vice President | |||||
DISBURSEMENT AGENT: | ||||||
XXXXX FARGO BANK, NATIONAL ASSOCIATION | ||||||
By: | /s/ Xxxx X. Xxxxxxx | |||||
Name: | Xxxx X. Xxxxxxx | |||||
Title: | Vice President |
3