AMENDMENT NO. 5 TO AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT
Exhibit 10.01
This
AMENDMENT NO. 5 TO AMENDED AND RESTATED RECEIVABLES PURCHASE
AGREEMENT(this “Amendment”),
dated as of September 29, 2005, by and among Cardinal Health Funding, LLC, a Nevada limited
liability company, as Seller (“Seller”), Xxxxxxx Capital, LLC, a Nevada limited liability company,
as Servicer (“Servicer”), each entity signatory hereto as a Conduit (each a “Conduit” and
collectively, the “Conduits”), each entity signatory hereto as a Financial Institution (each a
“Financial Institution” and, collectively
with the Conduits, the “Purchasers”), each entity
signatory hereto as a Managing Agent (each a “Managing Agent” and collectively, the “Managing
Agents”) and JPMorgan Chase Bank, N.A. (successor by merger to Bank One, NA (Main Office Chicago),
as the Agent (the “Agent”).
R E C I T A L S
Seller, Servicer, the Purchasers, the Managing Agents and the Agent have entered into that
certain Amended and Restated Receivables Purchase Agreement, dated as of May 21, 2004, as amended
by the Omnibus Amendment, dated as of August 18, 2004, as further amended by the Omnibus Limited
Waiver and Second Omnibus Amendment thereto, dated as of September 24, 2004, as further amended by
the Amendment No. 3 thereto, dated as of September 30, 2004, and as further amended by the
Amendment No. 4 thereto, dated as of February 3, 2005 (as heretofore amended, the “Purchase
Agreement”).
Seller, Servicer, the Purchasers, the Managing Agents and the Agent now desire to amend the
Purchase Agreement upon the terms and subject to the conditions set forth herein.
A G R E E M E N T
NOW, THEREFORE, in consideration of the premises herein contained and for other good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged by the parties
hereto, the parties hereto agree as follows:
Section 1. Definitions. Capitalized terms used herein and not otherwise defined
herein shall have the respective meanings assigned thereto in the Purchase Agreement, as amended
hereby.
Section 2. Amendment to Purchase Agreement. Subject to the terms and conditions set
forth herein, the definition of “Liquidity Termination Date” set forth in Exhibit I to the Purchase
Agreement is hereby amended by amending and restating, in its entirety, such definition where it
appears therein to read as follows:
“Liquidity Termination Date” means September 28, 2006.
AMENDMENT NO. 5 TO
RECEIVABLES PURCHASE AGREEMENT
RECEIVABLES PURCHASE AGREEMENT
Section 3. Conditions to Effectiveness of this Amendment. This Amendment shall become
effective as of the date hereof, subject to the satisfaction of the following conditions:
(a) Amendment. The Agent and each Managing Agent shall have received executed
counterparts of this Amendment, duly executed by each of the parties hereto.
(b) Representations and Warranties. As of the date hereof, both before and after
giving effect to this Amendment, all of the representations and warranties of Seller and Servicer
contained in the Purchase Agreement, as amended hereby, and in each other Transaction Document
(other than those that speak expressly only as of a different date) shall be true and correct in
all material respects as though made on the date hereof (and by its execution hereof, each of
Seller and Servicer shall be deemed to have represented and warranted such).
(c) No Amortization Event. As of the date hereof, both before and after giving effect
to this Amendment, no Amortization Event or Potential Amortization Event shall have occurred and be
continuing (and by its execution hereof, each of Seller and Servicer shall be deemed to have
represented and warranted such).
Section 4. Miscellaneous.
(a) Effect; Ratification. The amendments set forth herein are effective solely for
the purposes set forth herein and shall be limited precisely as written, and shall not be deemed to
(i) be a consent to, or acknowledgment of, any amendment, waiver or modification of any other term
or condition of the Purchase Agreement or of any other instrument or agreement referred to therein;
or (ii) prejudice any right or remedy which any Purchaser, each Managing Agent or the Agent (or any
of their assigns) may now have or may have in the future under or in connection with the Purchase
Agreement or any other instrument or agreement referred to therein. Each reference in the Purchase
Agreement to “this Agreement,” “herein,” “hereof” and words of like import and each reference in
the other Transaction Documents to “Receivables Purchase Agreement,” the “Purchase Agreement” or
the Purchase Agreement shall mean the Purchase Agreement, as amended hereby, as applicable. This
Amendment shall be construed in connection with and as part of the Purchase Agreement and all
terms, conditions, representations, warranties, covenants and agreements set forth in the Purchase
Agreement and each other instrument or agreement referred to therein, except as herein amended, are
hereby ratified and confirmed and shall remain in full force and effect.
(b) Transaction Documents. This Amendment is a Transaction Document executed pursuant
to the Purchase Agreement and shall be construed, administered and applied in accordance with the
terms and provisions thereof.
(c) Costs, Fees and Expenses. Seller agrees to reimburse the Agent, each Managing
Agent and each Purchaser on demand for all costs, fees and expenses incurred by the Agent, each
Managing Agent and each Purchaser (including, without limitation, the reasonable fees and expenses
of counsels to the Agent, each Managing Agent and each Purchaser) incurred in connection with the
preparation, execution and delivery of this Amendment.
2
AMENDMENT NO. 5 TO
RECEIVABLES PURCHASE AGREEMENT
RECEIVABLES PURCHASE AGREEMENT
(d) Counterparts. This Amendment may be executed in any number of counterparts, each
such counterpart constituting an original and all of which when taken together shall constitute one
and the same instrument.
(e) Severability.
Any provision contained in this Amendment which is held to be inoperative,
unenforceable or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative,
unenforceable or invalid without affecting the remaining provisions of this Amendment in that
jurisdiction or the operation, enforceability or validity of such provision in any other
jurisdiction.
(f) GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF ILLINOIS.
(g) WAIVER OF TRIAL BY JURY. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE
PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT OF TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM ARISING OUT OF OR IN CONNECTION WITH THIS AMENDMENT OR ANY MATTER ARISING HEREUNDER OR
THEREUNDER.
(Signature Pages Follow)
3
AMENDMENT NO. 5 TO
RECEIVABLES PURCHASE AGREEMENT
RECEIVABLES PURCHASE AGREEMENT
IN WITNESS WHEREOF, the undersigned have caused this Amendment to be executed as of the
date first above written.
CARDINAL HEALTH FUNDING, LLC | ||||
By: | /s/ Xxx Xxxxx | |||
Name: Xxx Xxxxx | ||||
Title: President | ||||
XXXXXXX CAPITAL, LLC | ||||
By: | /s/ Xxxxx Jeu | |||
Name: Xxxxx Jeu | ||||
Title: President |
S-1
AMENDMENT NO. 5 TO
RECEIVABLES PURCHASE AGREEMENT
RECEIVABLES PURCHASE AGREEMENT
PREFERRED RECEIVABLES FUNDING CORPORATION, as a Conduit |
||||
By: | /s/ Xxxxx X. Xxxxxx | |||
Name: Xxxxx X. Xxxxxx | ||||
Title: Authorized Signer | ||||
FALCON ASSET SECURITIZATION CORPORATION, as a Conduit |
||||
By: | /s/ Xxxxx X. Xxxxxx | |||
Name: Xxxxx X. Xxxxxx | ||||
Title: Authorized Signer | ||||
JPMORGAN CHASE BANK, N.A. (successor by merger to Bank One, NA (Main Office Chicago)), as a Financial Institution and as Agent | ||||
By: | /s/ Xxxxx X. Xxxxxx | |||
Name: Xxxxx X. Xxxxxx | ||||
Title: Vice President |
S-2
AMENDMENT XX. 0 XX
XXXXXXXXXXX XXXXXXXX XXXXXXXXX
XXXXXXXXXXX XXXXXXXX XXXXXXXXX
XXXXXXX XXXXXX FUNDING CORP., as a Conduit | ||||
By: | /s/ Xxxxxx X. Xxxxx | |||
Name: Xxxxxx X. Xxxxx | ||||
Title: President | ||||
THE BANK OF NOVA SCOTIA, as a Financial Institution and as a Managing Agent | ||||
By: | /s/ Xxxxxx Last | |||
Name: Xxxxxx Last | ||||
Title: Managing Director |
S-3