FIRST AMENDMENT
FIRST AMENDMENT (this "Amendment"), dated as of September 11,
2000, among PACKAGING CORPORATION OF AMERICA, a Delaware corporation (the
"BORROWER"), the various lenders party to the Credit Agreement referred to below
(the "LENDERS"), X.X. XXXXXX SECURITIES INC. and DEUTSCHE BANK SECURITIES INC.,
as Co-Lead Arrangers and Joint Book Runners (in such capacity, each a "CO-LEAD
ARRANGER" and, collectively, the "CO-LEAD ARRANGERS"), DEUTSCHE BANK SECURITIES
INC., as Syndication Agent (in such capacity, the "SYNDICATION AGENT"), XXXXXXX
SACHS CREDIT PARTNERS L.P., as Documentation Agent (in such capacity, the
"DOCUMENTATION AGENT") and XXXXXX GUARANTY TRUST COMPANY OF NEW YORK, as
Administrative Agent (in such capacity, the "ADMINISTRATIVE AGENT"). All
capitalized terms used herein and not otherwise defined herein shall have the
respective meanings provided such terms in the Credit Agreement (as defined
below).
W I T N E S S E T H:
WHEREAS, the Borrower, the Lenders, the Co-Lead Arrangers, the
Syndication Agent, the Documentation Agent and the Administrative Agent are
party to an Amended and Restated Credit Agreement, dated as of June 29, 2000
(the "CREDIT AGREEMENT"); and
WHEREAS, the Borrower and the undersigned Lenders wish to
provide the amendment provided for herein;
NOW, THEREFORE, it is agreed:
1. The definition of "AVAILABLE J.V. BASKET AMOUNT" is hereby
amended by deleting the reference to "$25,000,000" contained therein and
inserting "$50,000,000" in lieu thereof.
2. The Borrower hereby represents and warrants that (i) no
Default or Event of Default exists as of the Amendment Effective Date (as
defined below) after giving effect to this Amendment and (ii) on the Amendment
Effective Date, both before and after giving effect to this Amendment, all
representations and warranties (other than those representations made as of a
specified date) contained in the Credit Agreement and in the other Credit
Documents are true and correct in all material respects.
3. This Amendment shall become effective on the date (the
"Amendment Effective Date") when the Required Lenders and the Borrower shall
have signed a counterpart hereof (whether the same or different counterparts)
and shall have delivered (including by way of facsimile transmission) the same
to the Administrative Agent at its Notice Office;
4. This Amendment is limited as specified and shall not
constitute a modification, acceptance or waiver of any other provision of the
Credit Agreement or any other Credit Document.
1
5. This Amendment may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which counterparts when executed and delivered shall be an original, but all
of which shall together constitute one and the same instrument. A complete set
of counterparts shall be lodged with the Borrower and the Administrative Agent.
6. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK.
***
2
IN WITNESS WHEREOF, each of the parties hereto has caused a
counterpart of this Amendment to be duly executed and delivered as of the date
hereof.
PACKAGING CORPORATION OF AMERICA
By: /s/ Xxxxxx X. Xxxxxx
----------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Treasurer
XXXXXX GUARANTY TRUST COMPANY OF NEW YORK,
Individually and as
Administrative Agent
By: /s/ Xxxxxxx Xxxxx
----------------------------------------
Name: Xxxxxxx Xxxxx
Title: Vice President
BANKERS TRUST COMPANY, Individually
By: /s/ Xxxxxx X. Xxxxxxx
----------------------------------------
Name: XXXXXX X. XXXXXXX
Title: ASSISTANT VICE PRESIDENT
XXXXXXX SACHS CREDIT PARTIES L.P. as
Documentation Agent
By:
----------------------------------------
Name:
Title:
ABN AMRO BANK N.V. ABN AMRO BANK N.V.
By: /s/ Xxxxxx Xxxxx By: /s/ Xxxxxx X. Xxxx
------------------------- ----------------------------------------
Name: Xxxxxx Xxxxx Name: Xxxxxx X. Xxxx
Title: Vice President Title: Group Vice President
BANK OF AMERICA, N.A.
By: /s/ Xxxxxxx X. Xxxxx
----------------------------------------
Name: Xxxxxxx X. Xxxxx
Title: Managing Director
THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND
By: /s/ Xxxxxxxxx Xxxxxx /s/ Xxxx [ILLEGIBLE]
----------------------------------------
Name: Xxxxxxxxx Xxxxxx Xxxx [ILLEGIBLE]
Title: Associate Director Senior [ILLEGIBLE]
BANK OF MONTREAL
By:
----------------------------------------
Name:
Title:
THE BANK OF NOVA SCOTIA
By:
----------------------------------------
Name:
Title:
BANK OF SCOTLAND
By: /s/ Xxxxxx Xxxxxx
----------------------------------------
Name: XXXXXX XXXXXX
Title: VICE PRESIDENT
BANK ONE, N.A. (CHICAGO MAIN OFFICE)
By: /s/ Xxxx X. Back
----------------------------------------
Name: XXXX X. BACK
Title: VICE PRESIDENT
BW CAPITAL MARKETS, INC.
By: /s/ Xxxxx Xxxxxxxxx /s/ Xxxxxx X. Xxxx
----------------------------------------
Name: Xxxxx Xxxxxxxxx XXXXXX X. XXXX
Title: Vice President VICE PRESIDENT
COBANK, ACB
By: /s/ Xxxxx X. Xxxxx
----------------------------------------
Name: Xxxxx X. Xxxxx
Title: Vice President
CREDIT INDUSTRIEL ET COMMERCIAL
By: /s/ Xxxx Xxxxxxx /s/ Xxxxxxx Xxxx
----------------------------------------
Name: Xxxx Xxxxxxx Xxxxxxx Xxxx
Title: First Vice President Vice President
CREDIT LYONNAIS NEW YORK BRANCH
By: /s/ X. Xxxxx
----------------------------------------
Name: Xxx Xxxxx
Title: Vice President
CYPRESSTREE INVESTMENT FUND, LLC
BY: CYPRESSTREE INVESTMENT MANAGEMENT
COMPANY, INC. ITS MANAGING MEMBER
By: /s/ Xxxxxxxx X. Xxxxxxx
----------------------------------------
Name: XXXXXXXX X. XXXXXXX
Title: PRINCIPAL
CYPRESSTREE INVESTMENT MANAGEMENT COMPANY,
INC. as Attorney-in-Fact and on behalf of
FIRST ALLMERICA LIFE INSURANCE COMPANY as
Portfolio Manager
By: /s/ Xxxxxxxx X. Xxxxxxx
----------------------------------------
Name: XXXXXXXX X. XXXXXXX
Title: PRINCIPAL
THE DAI-ICHI KANGYO BANK, LTD.
By: /s/ [ILLEGIBLE]
----------------------------------------
Name: [ILLEGIBLE]
Title: General Manager
ERSTE BANK DER OESTERREICHSCHEN SPARKASSEN
By: /s/ Xxxx Xxxxxxxxxx /s/ Xxxx X. Xxxxxxx
----------------------------------------
Name: XXXX XXXXXXXXXX Xxxx X. Xxxxxxx
Title: Vice President First Vice President
Erste Bank New York
Branch
FIRST UNION NATIONAL BANK
By: /s/ J. Andrew [ILLEGIBLE]
----------------------------------------
Name: J. Andrew [ILLEGIBLE]
Title: Vice President
FLEET NATIONAL BANK
By: /s/ XX Xxxxx
----------------------------------------
Name: XX Xxxxx
Title: Vice President
THE FUJI BANK, LIMITED
By: /s/ Xxxxx X. Xxxxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxxxx
Title: Senior Vice President & Group Head
GALAXY CLO 1999-1, LTD.
By: SAI Investment Adviser, Inc.
Its Collateral Manager
By: /s/ Xxxxxx X. Xxxxxx
----------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Authorized Agent
XXXXXXX XXXXX CREDIT PARTNERS, L.P.
By: /s/ Xxxxxxxxx Xxxxxxx
----------------------------------------
Name: XXXXXXXXX XXXXXXX
Title: AUTHORIZED SIGNATORY
IKB DEUTSCHE INDUSTRIEBANK AG
By: /s/ Xxxxx Xxxxxx /s/ Xxxxxxx Xxxxx
----------------------------------------
Name: Xxxxx Xxxxxx Xxxxxxx Xxxxx
Title: Executive Director Director
IMPERIAL BANK, A CALIFORNIA BANKING CORPORATION
By:
----------------------------------------
Name:
Title:
THE INDUSTRIAL BANK OF JAPAN, LIMITED,
CHICAGO BRANCH
By: /s/ Xxxxxx X. Xxxxx
----------------------------------------
Name: Xxxxxx X. Xxxxx
Title: Joint General Manager
XXXXXX FLOATING RATE FUND
By: /s/ Xxxxx X. Xxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Managing Director
KZH PONDVIEW LLC
By:
----------------------------------------
Name:
Title:
KZH CNC LLC
By: /s/ Xxxxx Xxx
----------------------------------------
Name: Xxxxx Xxx
Title: Authorized Agent
KZH CYPRESSTREE-1 LLC
By: /s/ Xxxxxxxx Xxxx
----------------------------------------
Name: XXXXXXXX XXXX
Title: AUTHORIZED AGENT
KZH CRESCENT-3 LLC
By: /s/ Xxxxx Xxx
----------------------------------------
Name: Xxxxx Xxx
Title: Authorized Agent
SEQUILS IV, LTD
By: TCW Advisors, Inc. as its
Collateral Manager
By: /s/ Xxxx Xxxx
----------------------------------------
Name: Xxxx Xxxx
Title: Managing Director
SEQUILS I, LTD
By: TCW Advisors, Inc. as its
Collateral Manager
By: /s/ Xxxx Xxxx
----------------------------------------
Name: Xxxx Xxxx
Title: Managing Director
By: /s/ Xxxxxxxx Xxxx
----------------------------------------
Name: Xxxxxxxx Xxxx
Title: Assistant Vice President
KZH ING-1 LLC
By:
----------------------------------------
Name:
Title:
KZH STERLING LLC
By: /s/ Xxxxx Xxx
----------------------------------------
Name: Xxxxx Xxx
Title: Authorized Agent
BANK OF SCOTLAND
By:
----------------------------------------
Name:
Title:
KZH CRESCENT LLC
By: /s/ Xxxxx Xxx
----------------------------------------
Name: Xxxxx Xxx
Title: Authorized Agent
KZH WATERSIDE LLC
By: /s/ Xxxxx Xxx
----------------------------------------
Name: Xxxxx Xxx
Title: Authorized Agent
KZH CRESCENT-2 LLC
By: /s/ Xxxxx Xxx
----------------------------------------
Name: Xxxxx Xxx
Title: Authorized Agent
LLOYDS TSB BANK PLC
By: /s/ Xxx Xxxxxxx /s/ Xxxxx Xxxxxx
----------------------------------------
Name: XXX XXXXXXX XXXXX XXXXXX
Title: Vice President Assistant Director
Acquisition Finance
D080 R156
KZH SOLEIL LLC
By:
------------------------------------
Name:
Title:
KZH WATERSIDE LLC
By:
------------------------------------
Name:
Title:
MICHIGAN NATIONAL BANK
By: /s/ Xxxx X. [ILLEGIBLE]
----------------------------------------
Name: Xxxx X. [ILLEGIBLE]
Title: Vice President
THE MITSUBISHI TRUST AND BANKING CORPORATION
By:
----------------------------------------
Name:
Title:
MUIRFIELD TRADING LLC
By: /s/ Xxx X. Xxxxxx
----------------------------------------
Name: XXX X. XXXXXX
Title: ASST. VICE PRESIDENT
NATEXIS BANQUE BFCE
By: /s/ XXXXXX XXXXXX
----------------------------------------
Name: XXXXXX XXXXXX
Title: ASSISTANT VICE PRESIDENT
NATEXIS BANQUE BFCE
By: /s/ Xxxxx X. Xxxxxx, Xx.
----------------------------------------
Name: XXXXX X. XXXXXX, XX.
Title: VICE PRESIDENT & GROUP MANAGER
NATIONAL CITY BANK
By: /s/ Xxxxxxxx X. Xxxxx
----------------------------------------
Name: XXXXXXXX X. XXXXX
Title: ACCOUNT OFFICER
NORTH AMERICAN SENIOR FLOATING RATE FUND
By: CYPRESSTREE INVESTMENT MANAGEMENT COMPANY,
INC. as Portfolio Manager
By: /s/ Xxxxxxxx X. Xxxxxxx
----------------------------------------
Name: XXXXXXXX X. XXXXXXX
Title: PRINCIPAL
THE NORTHERN TRUST COMPANY
By:
----------------------------------------
Name:
Title:
OLYMPIC FUNDING TRUST, SERIES 1999-1
By: /s/ Xxx X. Xxxxxx
----------------------------------------
Name: XXX X. XXXXXX
Title: AUTHORIZED AGENT
PINEHURST TRADING, INC.
By: /s/ Xxx X. Xxxxxx
----------------------------------------
Name: XXX X. XXXXXX
Title: ASST. VICE PRESIDENT
PPM SPYGLASS FUNDING TRUST
By: /s/ Xxx X. Xxxxxx
----------------------------------------
Name: XXX X. XXXXXX
Title: AUTHORIZED AGENT
THE SAKURA BANK, LIMITED
By:
----------------------------------------
Name:
Title:
THE SUMITOMO BANK, LIMITED
By: /s/ Xxxxxx X. Tata
----------------------------------------
Name: XXXXXX X. TATA
Title: SENIOR VICE PRESIDENT
SUMITOMO TRUST & BANKING CO., LTD. NEW YORK BRANCH
By: /s/ Xxxxxxx Xxxxxxxx
----------------------------------------
Name: Xxxxxxx Xxxxxxxx
Title: Vice President
SUMMIT BANK
By: /s/ Xxxxxxx X. Xxxxxxx
----------------------------------------
Name: XXXXXXX X. XXXXXXX
Title: VICE PRESIDENT
TORONTO DOMINION (TEXAS), INC.
By: /s/ Xxxx X. Xxxxx
----------------------------------------
Name: Xxxx X. Xxxxx
Title: Vice President
TRANSAMERICA BUSINESS CREDIT CORPORATION
By: /s/ Xxxxx Guetschins
----------------------------------------
Name: Xxxxx Guetschins
Title: SVP
VARIABLE INSURANCE PRODUCTS FUND II: ASSET
MANAGER GROWTH PORTFOLIO
By:
----------------------------------------
Name:
Title:
VARIABLE INSURANCE PRODUCTS FUND II: ASSET
MANAGER PORTFOLIO
By:
----------------------------------------
Name:
Title:
UNION BANK OF CALIFORNIA, N.A.
By: /s/ Xxxxx X. Xxxxxxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxxxxxx
Title: Vice President
PROMETHEUS INVESTMENT FUNDING NO.1 LTD.
By: CPF Asset Advisory LP, as its Asset Manager
By: /s/ Xxxxxx X. Xxxxx
----------------------------------------
Name: Xxxxxx X. Xxxxx
Title: Director
By: /s/ Xxxxx X. Soo
----------------------------------------
Name: XXXXX X. SOO
Title: ASSOCIATE DIRECTOR
PEOPLE'S BANK
By: /s/ Xxxxxx X. Xxxxxxxx
----------------------------------------
Name: Xxxxxx X. Xxxxxxxx
Title: Vice President
SRS 2000 LLC
By: /s/ Xxx X. Xxxxxx
----------------------------------------
Name: XXX X. XXXXXX
Title: ASST. VICE PRESIDENT
XXXXX XXX & XXXXXXX CLO 1 LTD.,
By: Xxxxx Xxx & Farnham Incorporated, as
Portfolio Manager
By: /s/ Xxxxx X. Xxxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxxx
Title: Sr. Vice President & Portfolio Manager
BANK OF CANTON OF CALIFORNIA
By: /s/ Xxx X. Xxx
---------------------------------------
Name: Xxx X. Xxx
Title: SVP & Senior Credit Officer
RZB FINANCE LLC
By: /s/ Dieter Beintrexler
----------------------------------------
Name: DIETER BEINTREXLER
Title: PRESIDENT
By: /s/ Xxxxxx Xxxxx
----------------------------------------
Name: Xxxxxx Xxxxx
Title: Vice President
SEQUILS PILGRIM-1, LTD.
By: Pilgrim Investment, Inc., as its
investment manager
By: /s/ Xxxxxxx Xxxxxxx, Xx.
----------------------------------------
Name: XXXXXXX XXXXXXX, XX.
Title: ASST. VICE PRESIDENT
GMAC Commercial Credit, LLC
By: /s/ [ILLEGIBLE]
----------------------------------------
Name: [ILLEGIBLE]
Title: SVP
WINGED FOOT FUNDING TRUST
By: /s/ Xxx X. Xxxxxx
----------------------------------------
Name: XXX X. XXXXXX
Title: AUTHORIZED AGENT
INDOSUEZ CAPITAL FUNDING IIA, LIMITED
By: Indosuez Capital as Portfolio Advisor
By: /s/ Xxxxxxx Xxxxxx
----------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Vice President
INDOSUEZ CAPITAL FUNDING IV, L.P.
By: Indosuez Capital as Portfolio Advisor
By: /s/ Xxxxxxx Xxxxxx
----------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Vice President
WACHOVIA BANK, N.A.
By: /s/ Xxxxx X. Xxxxxxx
----------------------------------------
Name: XXXXX X. XXXXXXX
Title: SENIOR VICE PRESIDENT
For purposes of the Credit Documents to which the Subsidiary Guarantors
are party, by their respective signatures below, each Subsidiary Guarantor
hereby consents and agrees to the entering into of this Amendment and
acknowledges and affirms that the each of the Subsidiaries Guaranty and Security
Documents (as amended, modified or supplemented prior to the date hereof)
remains in full force and effect in accordance with its terms on the date hereof
and after giving effect to this Amendment:
XXXXX CONTAINER CORPORATION
By: /s/ Xxxxxxx [ILLEGIBLE]
----------------------------------------
Name: Xxxxxxx [ILLEGIBLE]
Title: Chief Financial Officer, Vice President
and Secretary
PCA HYDRO, INC.
By: /s/ Xxxxxxx [ILLEGIBLE]
----------------------------------------
Name: Xxxxxxx [ILLEGIBLE]
Title: Chief Financial Officer, Vice President
and Secretary
