EXHIBIT 10.47
SECOND AMENDMENT TO
FIFTH AMENDED AND RESTATED
REVOLVING CREDIT AGREEMENT
EFFECTIVE AS OF MARCH 8, 2005
AMONG
GROUP 1 AUTOMOTIVE, INC.,
THE SUBSIDIARY BORROWERS LISTED HEREIN,
THE LENDERS LISTED HEREIN,
JPMORGAN CHASE BANK, N.A.
AS ADMINISTRATIVE AGENT,
COMERICA BANK,
AS FLOOR PLAN AGENT,
AND
BANK OF AMERICA, N.A.,
AS DOCUMENTATION AGENT
* * * * *
X. X. XXXXXX SECURITIES INC.
LEAD ARRANGER AND SOLE BOOKRUNNER
TABLE OF CONTENTS
Page
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ARTICLE I. DEFINITIONS.......................................................... 1
Section 1.1 Terms Defined Above........................................... 1
Section 1.2 Terms Defined in Credit Agreement............................. 1
Section 1.3 Other Definitional Provisions................................. 1
ARTICLE II. AMENDMENTS TO CREDIT AGREEMENT...................................... 2
Section 2.1 Amendment..................................................... 2
ARTICLE III. LIMITED WAIVER..................................................... 2
Section 3.1 Limited Waiver................................................ 2
ARTICLE IV. CONDITIONS.......................................................... 2
Section 4.1 Loan Documents................................................ 3
Section 4.2 Representations and Warranties................................ 3
Section 4.3 Other Instruments or Documents................................ 3
ARTICLE V. MISCELLANEOUS........................................................ 3
Section 5.1 Adoption, Ratification and Confirmation of Credit Agreement... 3
Section 5.2 Successors and Assigns........................................ 3
Section 5.3 Counterparts.................................................. 3
Section 5.4 Number and Gender............................................. 3
Section 5.5 Invalidity.................................................... 3
Section 5.6 Titles of Articles, Sections and Subsections.................. 4
Section 5.7 Release....................................................... 4
Section 5.8 Governing Law................................................. 4
Section 5.9 Entire Agreement.............................................. 4
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SECOND AMENDMENT TO FIFTH AMENDED CREDIT AGREEMENT
THIS SECOND AMENDMENT (THE "SECOND AMENDMENT") TO THE FIFTH AMENDED AND
RESTATED REVOLVING CREDIT AGREEMENT (AS AMENDED, THE "CREDIT AGREEMENT") dated
effective as of March 8, 2005 (the "EFFECTIVE DATE"), is entered into among
GROUP 1 AUTOMOTIVE, INC., a Delaware corporation (the "COMPANY"), each of the
Subsidiaries of the Company listed on the signature pages hereof and such other
Subsidiaries of the Company which hereafter shall become parties the Credit
Agreement (the Company and the Subsidiaries are sometimes referred to herein as,
individually, a "BORROWER," and collectively, the "BORROWERS"), the lenders
listed on the signature pages hereof (the "LENDERS"), JPMORGAN CHASE BANK, N.A.
(as successor by merger to The Chase Manhattan Bank and Chase Bank of Texas,
N.A.), as Administrative Agent for the Lenders (in such capacity together with
any successor, the "AGENT"), COMERICA BANK, as Floor Plan Agent for the Lenders
(in such capacity together with any successor, the "FLOOR PLAN AGENT"), and BANK
OF AMERICA, N.A. (as successor to Bank One, NA), as Documentation Agent (in such
capacity, together with any successor the "Documentation Agent" and together
with the Agent and the Floor Plan Agent, the "Agents").
R E C I T A L S:
The Company, each of the other Borrowers, the Agents and the Lenders are
parties to the Credit Agreement dated June 2, 2003, pursuant to which the
Lenders agreed to make loans to and extensions of credit on behalf of the
Borrowers; and
The Company, the Borrowers, the Agents and the Lenders desire to amend the
Credit Agreement in the particulars hereinafter provided;
NOW, THEREFORE, in consideration of the premises and the mutual covenants
herein contained, the parties hereto agree as follows:
ARTICLE I. DEFINITIONS
Section 1.1 Terms Defined Above As used in this Second Amendment, each of
the terms defined in the opening paragraph and the Recitals above shall have the
meaning assigned to such terms therein.
Section 1.2 Terms Defined in Credit Agreement Each term defined in the
Credit Agreement and used herein without definition shall have the meaning
assigned to such term in the Credit Agreement, unless expressly provided to the
contrary.
Section 1.3 Other Definitional Provisions
(a) The words "hereby", "herein", "hereinafter", "hereof", "hereto" and
"hereunder" when used in this Second Amendment shall refer to this Second
Amendment as a whole and not to any particular Article, Section, subsection or
provision of this Second Amendment.
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(b) Section, subsection and Exhibit references herein are to such
Sections, subsections and Exhibits to this Second Amendment unless otherwise
specified.
ARTICLE II. AMENDMENTS TO CREDIT AGREEMENT
The Company, each of the Borrowers, the Agents and the Lenders agree that
the Credit Agreement is hereby amended, effective as of the Effective Date, in
the following particulars.
Section 2.1 Amendment to Section 10.1(c)
Section 10.1(c) of the Credit Agreement is hereby amended to read as
follows:
"Indebtedness created under leases which, in accordance with GAAP,
have been recorded and/or should have been recorded on the books of
the applicable Borrower as Capital Leases and Indebtedness which is
permitted in connection with the purchase of property, provided that
the aggregate amount of all such Indebtedness permitted under this
Section 10.1(c) is less than ten percent (10%) of Stockholders'
Equity;"
Section 2.2 Amendment to Schedule 7.16(g)
Schedule 7.16(g) to the Credit Agreement is hereby amended to add the
Liens described on the Supplement to Schedule 7.16(g) attached hereto (the
"Supplement").
ARTICLE III. LIMITED WAIVER
Section 3.1 Limited Waiver
Lenders hereby waive (i) compliance with the covenant contained in
Section 10.1(c) only to the extent required to avoid any Event of Default that
may exist prior to the Effective Date of this Second Amendment, and (ii) any
Event of Default that may exist as a result of the representation contained in
Section 7.16 being untrue prior to the Effective Date of this Second Amendment
as a result of the Liens listed in the Supplement. The waiver contained herein
shall apply only until the Effective Date of this Second Amendment, at which
time the Borrower shall comply with the covenant contained in Section 10.1(c) as
amended hereby. The provisions hereof shall not in any way be construed to
waive, nor shall this Amendment in any way serve as a waiver of any other Event
of Default now or hereafter existing under the Credit Agreement or other Loan
Documents, except as expressly set forth herein.
ARTICLE IV. CONDITIONS
The effectiveness of this Second Amendment is subject to the satisfaction
of the following conditions precedent:
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Section 4.1 Loan Documents The Agent shall have received counterparts of
this Second Amendment executed and delivered by a duly authorized officer of the
Company and each of the Borrowers and the Required Lenders.
Section 4.2 Representations and Warranties Except as affected by the
transactions contemplated in the Credit Agreement and this Second Amendment,
each of the representations and warranties made by the Company and the other
Borrowers in or pursuant to the Loan Documents shall be true and correct in all
material respects as of the Effective Date, as if made on and as of such date,
except to the extent that such representations and warranties are limited to an
earlier date or period in which case they shall be limited to such earlier date
or period.
Section 4.3 Other Instruments or Documents The Agent shall receive such
other instruments or documents as it may reasonably request.
ARTICLE V. MISCELLANEOUS
Section 5.1 Adoption, Ratification and Confirmation of Credit Agreement
The Company, each of the Borrowers, the Agents and the Lenders do hereby adopt,
ratify and confirm the Credit Agreement, as amended hereby, and the Security
Documents, and acknowledges and agrees that the Credit Agreement, as amended
hereby, and each of the Security Documents, are and remain in full force and
effect.
Section 5.2 Successors and Assigns This Second Amendment shall be binding
upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted pursuant to the Credit Agreement.
Section 5.3 Counterparts This Second Amendment may be executed by one or
more of the parties hereto in any number of separate counterparts, and may be
delivered in original or facsimile form, and all of such counterparts taken
together shall be deemed to constitute one and the same instrument and shall be
enforceable as of the Effective Date upon the execution of one or more
counterparts hereof by the Company, the other Borrowers, the Agents and the
Lenders. In this regard, each of the parties hereto acknowledges that a
counterpart of this Second Amendment containing a set of counterpart execution
pages reflecting the execution of each party hereto shall be sufficient to
reflect the execution of this Second Amendment by each necessary party hereto
and shall constitute one instrument.
Section 5.4 Number and Gender Whenever the context requires, reference
herein made to the single number shall be understood to include the plural; and
likewise, the plural shall be understood to include the singular. Words denoting
sex shall be construed to include the masculine, feminine and neuter, when such
construction is appropriate; and specific enumeration shall not exclude the
general but shall be construed as cumulative. Definitions of terms defined in
the singular or plural shall be equally applicable to the plural or singular, as
the case may be, unless otherwise indicated.
Section 5.5 Invalidity In the event that any one or more of the provisions
contained in this Second Amendment shall for any reason be held invalid, illegal
or unenforceable in any
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respect, such invalidity, illegality or unenforceability shall not affect any
other provision of this Second Amendment.
Section 5.6 Titles of Articles, Sections and Subsections All titles or
headings to Articles, Sections, subsections or other divisions of this Second
Amendment or the exhibits hereto, if any, are only for the convenience of the
parties and shall not be construed to have any effect or meaning with respect to
the other content of such Articles, Sections, subsections, other divisions or
exhibits, such other content being controlling as the agreement among the
parties hereto.
Section 5.7 Release
The Company and each of the other Borrowers do hereby release the Agents
and each Lender and each Affiliate thereof and their respective directors,
officers, employees and agents from, any and all losses, liabilities, claims or
damages (including reasonable legal fees and expenses) to which any of them may
become subject, insofar as such losses, liabilities, claims or damages arise out
of or result from the Loan Documents or the transactions contemplated thereby,
or the actions or inactions of any Person in regard thereto, including any
Person hereby released, and the Company and each of the other Borrowers shall
reimburse each Lender and each Affiliate thereof and their respective directors,
officers, employees and agents, upon demand, for any expenses (including legal
fees) reasonably incurred in connection with any investigation or proceeding
involving such matters. Without prejudice to the survival of any other
obligations of the Company and the other Borrowers hereunder and under the other
Loan Documents, such release shall survive the termination of the Credit
Agreement or this Amendment and the other Loan Documents, the payment of the
Obligations, or the assignment of the Notes.
Section 5.8 Governing Law THIS SECOND AMENDMENT SHALL BE DEEMED TO BE A
CONTRACT MADE UNDER AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE INTERNAL LAWS OF THE STATE OF TEXAS.
Section 5.9 Entire Agreement THE CREDIT AGREEMENT, AS AMENDED BY THIS
SECOND AMENDMENT AND THE OTHER LOAN DOCUMENTS, CONSTITUTE THE ENTIRE AGREEMENT
AMONG THE PARTIES HERETO WITH RESPECT TO THE SUBJECT THEREOF. ALL PRIOR
UNDERSTANDINGS, STATEMENTS AND AGREEMENTS, WHETHER WRITTEN OR ORAL, RELATING TO
THE SUBJECT THEREOF ARE SUPERSEDED BY THE CREDIT AGREEMENT, AS AMENDED BY THIS
SECOND AMENDMENT AND THE OTHER LOAN DOCUMENTS.
[SIGNATURES BEGIN ON NEXT PAGE]
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IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment
to be duly executed and delivered by their proper and duly authorized officers
as of the Effective Date.
BORROWERS: GROUP 1 AUTOMOTIVE, INC.,
a Delaware corporation
By: /s/ Xxxxxx X. Xxx
------------------------------------------
Name: Xxxxxx X. Xxx
Title: Senior Vice President
GROUP 1 REALTY, INC., a Delaware corporation;
GROUP 1 FL HOLDINGS, INC., a Delaware
corporation;
GROUP 1 FUNDING, INC., a Delaware corporation
By: /s/ Xxxxxx X. Xxx
------------------------------------------
Name: Xxxxxx X. Xxx
Title: President
XXX XXXXXX AUTOMOTIVE-EAST, INC., an Oklahoma
corporation;
XXX XXXXXX CHEVROLET, INC., an Oklahoma
corporation;
XXX XXXXXX DODGE, INC., an Oklahoma
corporation;
XXX XXXXXX MOTORS, INC., an Oklahoma
corporation;
XXX XXXXXX NISSAN, INC., an Oklahoma
corporation;
XXXX HOLDINGS-DC, INC., a Delaware corporation;
XXXX HOLDINGS-F, INC., a Delaware corporation;
XXXX HOLDINGS-GM, INC., a Delaware corporation;
XXXX HOLDINGS-S, INC., a Delaware corporation;
CASA CHEVROLET, INC., a New Mexico corporation;
CASA CHRYSLER PLYMOUTH JEEP, INC., a New
Mexico corporation;
DANVERS-DCII, INC., a Delaware corporation;
DANVERS-DCIII, INC., a Delaware corporation;
DANVERS-N, INC., a Delaware corporation;
DANVERS-NII, INC., a Delaware corporation;
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DANVERS-S, INC., a Delaware corporation;
DANVERS-SU, INC., a Delaware corporation;
DANVERS-T, INC., a Delaware corporation;
DANVERS-TII, INC., a Delaware corporation;
DANVERS-TIII, INC., a Delaware corporation;
DANVERS-TL, INC., a Delaware corporation;
FMM, INC., a California corporation;
GPI ATLANTA-F, INC., a Georgia corporation;
GPI ATLANTA-FLM, INC., a Delaware corporation;
GPI ATLANTA-FLMII, INC., a Delaware corporation;
GPI ATLANTA-T, INC., a Delaware corporation;
GPI SAC-SK, INC., a Delaware corporation;
GPI SAC-T, INC., a Delaware corporation;
GPI SD-DC, Inc., a Delaware corporation;
GPI SD-IMPORTS, INC., a Delaware corporation
GROUP 1 ASSOCIATES, INC., a Delaware
corporation;
XXXXXX-T, INC., a Delaware corporation;
XXXXXX XXXX, INC., a Delaware corporation;
XXXXXX PONTIAC-GMC, INC., an Oklahoma
corporation;
XXXXXX-XX, INC., a Delaware corporation;
XXXXXX-DCII, INC., a Delaware corporation;
XXXXXX-FLMII, INC., a Delaware corporation;
XXXXXX-XX, INC., a Delaware corporation;
XXXXXX-GMII, INC., a Delaware corporation;
XXXXXX-GMIII, INC., a Delaware corporation;
XXXXXX-H, INC., a Delaware corporation;
XXXXXX-XX, INC., a Delaware corporation;
XXXXXX-FLM, INC., a Delaware corporation;
XXXXXX-XX, INC., a Delaware corporation;
XXXXXX-SI, INC., a Delaware corporation;
XXX XXXXXXX FORD, INC., a Delaware corporation;
XXXX CHEVROLET CO., a Delaware corporation;
XXXX XXXXX AUTOMOTIVE-H, INC., a Delaware
corporation;
XXXX XXXXX AUTOMOTIVE-N, INC., a Texas
corporation;
XXXX XXXXX AUTOPLAZA, INC., a Texas corporation;
XXXX XXXXX AUTOPLEX BUICK, INC., a Texas
corporation;
XXXX XXXXX AUTOPLEX DODGE, INC., a Texas
corporation;
XXXX XXXXX AUTOPLEX, INC., a Texas corporation;
XXXX XXXXX AUTOPLEX-GERMAN IMPORTS, INC., a
Texas corporation;
XXXX XXXXX GM, INC., a Delaware corporation;
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XXXX XXXXX IMPORTS, INC., a Texas corporation;
XXXX XXXXX MOTORS, INC., a Texas corporation;
MILLBRO, INC., a California corporation;
XXXXXX AUTOMOTIVE GROUP, INC., a California
corporation;
XXXXXX-DM, INC., a Delaware corporation;
XXXXXX FAMILY COMPANY, INC., a California
corporation;
XXXXXX IMPORTS, INC., a California corporation;
XXXXXX INFINITI, INC., a California corporation;
XXXXXX NISSAN, INC., a California corporation;
XXXXXX-XXX, INC., a Delaware corporation;
XXXXXX-SZ, INC., a Delaware corporation;
NJ-DM, INC., a Delaware corporation;
NJ-H, INC., a Delaware corporation;
NJ-SV, INC., a Delaware corporation;
NY-FV, INC., a Delaware corporation;
NY-FVII, INC., a Delaware corporation;
NY-SB, INC., a Delaware corporation;
PERIMETER FORD, INC., a Delaware corporation;
SUNSHINE BUICK PONTIAC GMC TRUCK, INC., a New
Mexico corporation
By: /s/ Xxxxxx X. Xxx
------------------------------------------
Name: Xxxxxx X. Xxx
Title: Vice President
AMARILLO MOTORS-C, LTD., a Texas limited
partnership;
AMARILLO MOTORS-F, LTD., a Texas limited
partnership;
AMARILLO MOTORS-J, LTD., a Texas limited
partnership;
AMARILLO MOTORS-SM, LTD., a Texas limited
partnership;
CHAPERRAL DODGE, LTD., a Texas limited
partnership;
GPI, LTD., a Texas limited partnership ;
XXXX-N, LTD., a Texas limited partnership;
LUBBOCK MOTORS, LTD., a Texas limited
partnership;
LUBBOCK MOTORS-F, LTD., a Texas limited
partnership;
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LUBBOCK MOTORS-GM, LTD., a Texas limited
partnership;
LUBBOCK MOTORS-S, LTD., a Texas limited
partnership;
LUBBOCK MOTORS-SH, LTD., a Texas limited
partnership;
LUBBOCK MOTORS-T, LTD., a Texas limited
partnership;
XXXXXXX CHRYSLER DODGE JEEP, LTD., a Texas
limited partnership;
XXXXXXX XXXX, LTD., a Texas limited partnership;
XXXXXXX-G, LTD., a Texas limited partnership;
XXXXXXX-GMII, LTD., a Texas limited partnership;
XXXXXXX-N, LTD., a Texas limited partnership;
XXXXXXX-XXX, LTD., a Texas limited partnership;
XXXXXXX-XX, LTD., a Texas limited partnership;
XXXXXX-H, LTD., a Texas limited partnership;
XXXXXX-XX, LTD., a Texas limited partnership;
XXXXXX-N, LTD., a Texas limited partnership;
XXXXXX-SB, LTD., a Texas limited partnership;
XXXXXX-T, LTD., a Texas limited partnership;
XXXXXX-TII, LTD., a Texas limited partnership;
XXXXXX-TL, LTD., a Texas limited partnership;
PRESTIGE CHRYSLER NORTHWEST, LTD., a Texas
limited partnership;
PRESTIGE CHRYSLER SOUTH, LTD., a Texas limited
partnership;
ROCKWALL AUTOMOTIVE-DCD, LTD., A Texas limited
partnership;
ROCKWALL AUTOMOTIVE-F, LTD., a Texas limited
partnership;
By: GROUP 1 ASSOCIATES, INC.,
a Delaware corporation
By: /s/ Xxxxxx X. Xxx
------------------------------------------
Name: Xxxxxx X. Xxx
Title: Vice President
GROUP 1 HOLDINGS-DC, L.L.C., a Delaware limited
liability company;
GROUP 1 HOLDINGS-F, L.L.C., a Delaware limited
liability company;
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GROUP 1 HOLDINGS-GM, L.L.C., a Delaware limited
liability company;
GROUP 1 HOLDINGS-H, L.L.C., a Delaware limited
liability company;
GROUP 1 HOLDINGS-N, L.L.C., a Delaware limited
liability company;
GROUP 1 HOLDINGS-S, L.L.C., a Delaware limited
liability company;
GROUP 1 HOLDINGS-T, L.L.C., a Delaware limited \
liability company;
By: GROUP 1 AUTOMOTIVE, INC.,
a Delaware corporation
By: /s/ Xxxxxx X. Xxx
------------------------------------------
Name: Xxxxxx X. Xxx
Title: Senior Vice President
COURTESY FORD, LLC, a Delaware limited liability
company;
GULF BREEZE FORD, LLC, a Delaware limited
liability company;
KEY FORD, LLC, a Delaware limited liability
company;
XXXXX FORD, LLC, a Delaware limited liability
company
By: GROUP 1 FL HOLDINGS, INC.,
a Delaware corporation
By: /s/ Xxxxxx X. Xxx
------------------------------------------
Name: Xxxxxx X. Xxx
Title: President
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XXXX-DC, LLC, a Delaware limited liability
company
By: Xxxx Holdings-DC, Inc.,
a Delaware corporation
By: /s/ Xxxxxx X. Xxx
------------------------------------------
Name: Xxxxxx X. Xxx
Title: Vice President
XXXX-FII, LLC, a Delaware limited liability
company;
XXXX-FIII, LLC, a Delaware limited liability
company;
XXXXXX XXXX, LLC, a Delaware limited liability
company;
XXXXXX-FLM, LLC, a Delaware limited liability
company
By: XXXX HOLDINGS-F, INC.,
a Delaware corporation
By: /s/ Xxxxxx X. Xxx
------------------------------------------
* Name: Xxxxxx X. Xxx
Title: Vice President
XXXXXX XX, LLC, a Delaware limited liability
company
By: XXXX HOLDINGS-GM, INC.,
a Delaware corporation
By: /s/ Xxxxxx X. Xxx
------------------------------------------
Name: Xxxxxx X. Xxx
Title: Vice President
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XXXXXX XX, LLC, a Delaware limited liability
company
By: XXXX HOLDINGS-S, INC.,
a Delaware corporation
By: /s/ Xxxxxx X. Xxx
------------------------------------------
Name: Xxxxxx X. Xxx
Title: Vice President
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XXXXXX OPERATIONS-T, LLC, a Delaware limited
liability company
By: XXXXXX-T, INC., a Delaware corporation
By: /s/ Xxxxxx X. Xxx
------------------------------------------
Name: Xxxxxx X. Xxx
Title: Vice President
XXX AUTOMOTIVE GROUP, LLC, a Delaware limited
liability company
By: DANVERS-T, INC., a Delaware corporation
By: /s/ Xxxxxx X. Xxx
------------------------------------------
Name: Xxxxxx X. Xxx
Title: Vice President
XXXXXX-DCIII, LLC, a Delaware limited liability
company
By: GROUP 1 OK HOLDINGS, INC., a Delaware
corporation
By: /s/ Xxxxxx X. Xxx
------------------------------------------
Name: Xxxxxx X. Xxx
Title: President
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GROUP 1 LP INTERESTS-F, INC., a Delaware
corporation;
GROUP 1 LP INTERESTS-DC, INC., a Delaware
corporation;
GROUP 1 LP INTERESTS-T, INC., a Delaware
corporation;
GROUP 1 LP INTERESTS-GM, INC., a Delaware
corporation;
GROUP 1 LP INTERESTS-H, INC., a Delaware
corporation;
GROUP 1 LP INTERESTS-S, INC., a Delaware
corporation;
GROUP 1 LP INTERESTS-N, INC., a Delaware
corporation
By: /s/ Xxxxxx X. Xxxx
------------------------------------------
Name: Xxxxxx X. Xxxx
Title: President
DELAWARE ACQUISITION-DC, LLC, a Delaware limited
liability company
By: GROUP 1 LP INTERESTS-DC, INC.,
a Delaware corporation
By: /s/ Xxxxxx X. Xxxx
------------------------------------------
Name: Xxxxxx X. Xxxx
Title: President
DELAWARE ACQUISITION-F, LLC, a Delaware limited
liability company
By: GROUP 1 LP INTERESTS-F, INC.,
a Delaware corporation
By: /s/ Xxxxxx X. Xxxx
------------------------------------------
Name: Xxxxxx X. Xxxx
Title: President
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DELAWARE ACQUISITION-GM, LLC, a Delaware limited
liability company
By: GROUP 1 LP INTERESTS-GM, INC.,
a Delaware corporation
By: /s/ Xxxxxx X. Xxxx
------------------------------------------
Name: Xxxxxx X. Xxxx
Title: President
DELAWARE ACQUISITION-N, LLC, a Delaware limited
liability company
By: GROUP 1 LP INTERESTS-N, INC.,
a Delaware corporation
By: /s/ Xxxxxx X. Xxxx
------------------------------------------
Name: Xxxxxx X. Xxxx
Title: President
DELAWARE ACQUISITION-T, LLC, a Delaware limited
liability company
By: GROUP 1 LP INTERESTS-T, INC.,
a Delaware corporation
By: /s/ Xxxxxx X. Xxxx
------------------------------------------
Name: Xxxxxx X. Xxxx
Title: President
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AGENT, ISSUING BANK AND JPMORGAN CHASE BANK, N.A.
LENDER:
By: /s/ H. Xxxxx Xxxxx
------------------------------------------
Name: H. Xxxxx Xxxxx
Title: Vice President
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FLOOR PLAN AGENT,
SWING LINE BANK AND COMERICA BANK
LENDER:
By: /s/ Xxxxx Xxxxxx
----------------------------------
Name: Xxxxx Xxxxxx
Title: Vice President
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DOCUMENTATION AGENT BANK OF AMERICA, N.A.
AND LENDER:
By: /s/ X. X. Xxxxxxx, III
---------------------------------------------
Name: X. X. Xxxxxxx, III
Title: Senior Vice President
Address: 000 Xxxxx Xxxxxx Xxxxx
X.X. Xxx 00000
Xxxxx, Xxxxxxx 00000-0000
Telecopy No.: 000-000-0000
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LENDER: TOYOTA MOTOR CREDIT CORPORATION
By: /s/ X. X. Xxxxxx
---------------------------------------------
Name: X. X. Xxxxxx
Title: Corporate Mgr. - National Accts.
Address: 00000 X. Xxxxxxx Xxx. XX00
Xxxxxxxx, XX 00000
Telecopy No.: 000-000-0000
-----------------------------------
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LENDER: U.S. BANK N.A.
By: /s/ Xxxxxxxx X. Xxxxxx
------------------------------------------
Name: Xxxxxxxx X. Xxxxxx
Title: Sr. Vice President
Address: 00000 XX 00xx Xxxxxxx
Mail: PD-OR-LEAS
Xxxxxxxx, XX 00000
Telecopy No.: 000-000-0000
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LENDER: SOVEREIGN BANK
By: /s/ Xxxx Xxxxxxx
-------------------------------------------
Name: Xxxx Xxxxxxx
Title: Vice President
Address: 00 Xxxxx Xxxxxx
Mail Code: XXX-XXX-00-00
Xxxxxx, XX 00000
Telecopy No.: 000-000-0000
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LENDER: KEY BANK NATIONAL ASSOCIATION
By: /s/ Xxx Xxxxxx
-------------------------------------------
Name: Xxx Xxxxxx
Title: VP
Address: 0000 X. Xxxxxxxxx Xx. #000
Xxxxxxx, XX 00000
Telecopy No.: 000-000-0000
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LENDER: BNP PARIBAS
By: /s/ Xxxxx Xxxxxx
---------------------------------------------
Name: Xxxxx Xxxxxx
Title: Vice President
By: /s/ Xxxxxx X. Xxxxxx
---------------------------------------------
Name: Xxxxxx Xxxxxx
Title: Vice President
Address: 0000 Xxxxx Xxxxxx
Xxxxxxx, XX 00000
Telecopy No.: (000) 000-0000
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LENDER: XXXXX FARGO BANK, N.A.
By: /s/ Xxxxxxx X. Xxxxx
-------------------------------------------
Name: Xxxxxxx X. Xxxxx
Title: Credit Manager
Address: Xxx X'Xxxxxx Xxxxx
0xx Xxxxx
Xxxxxxxx, XX 00000
Telecopy No.: 000-000-0000
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LENDER: SOUTHWEST BANK OF TEXAS, N.A.
By: /s/ Xxxxxxx Xxxxx
-------------------------------------------
Name: Xxxxxxx Xxxxx
Title: Senior Vice President
Address: 0000 Xxxx Xxx Xxxxxxx
Xxxxxxx, XX 00000
Telecopy No.: 000-000-0000
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LENDER: BANK OF OKLAHOMA, N.A.
By: /s/ Xxxx X. Fish
--------------------------------------------
Name: Xxxx X. Fish
Title: Senior Vice President
Address: 000 Xxxxxx X. Xxxx
Xxxxxxxx Xxxx, XX 00000
Telecopy No.: 000-000-0000
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LENDER: BMW FINANCIAL SERVICES NA, LLC
By: /s/ Xxxx X. Xxxx
--------------------------------------------
Name: Xxxx X. Xxxx
Title: GM, Retailer Finance
Address: BMW Financial Services NA, LLC
0000 Xxxxxxxxxx Xxxxxx
Xxxxxx, XX 00000
Telecopy No.:
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LENDER: AMARILLO NATIONAL BANK
By: /s/ Xxxxxxx Xxxxx
--------------------------------------------
Name: Xxxxxxx Xxxxx
Title: Asst. Vice President
Address: X.X. Xxx 0
Xxxxxxxx, XX 00000
Telecopy No.: 000-000-0000
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SUPPLEMENT TO
SCHEDULE 7.16(g)
EXISTING LIENS
Liens in favor of Manufacturer affiliate finance companies relating to the
financing of loaner cars at the following dealerships:
Xxxx Brothers Toyota
Xxx Lexus
Xxx Toyota / Xxx Automotive Group
Lexus of Clear Lake
Xxxx Xxxxx Autoplex
Xxxxxx Toyota
Xxxxxxxx XxXxxx Lexus
