EXHIBIT 10.57
EXECUTION COPY
AMENDMENT NO. 7 TO CREDIT AGREEMENT
AMENDMENT dated as of November 30, 2000 (the "AMENDMENT") to the
Revolving Credit and Guaranty Agreement dated as of May 4, 2000 and amended as
of May 15, 2000, June 1, 2000, August 31, 2000, October 6, 2000 and October 30,
2000 (as so amended, the "CREDIT AGREEMENT") among XXXXXXX INDUSTRIES INC. (the
"BORROWER"), XXXXXXX XXXXXXX INC. (the "GUARANTOR"), the LENDERS party thereto
(the "DIP LENDERS") and THE CHASE MANHATTAN BANK, as Agent (the "AGENT").
WITNESSETH:
WHEREAS, the parties to the Credit Agreement have agreed to amend
the Credit Agreement as provided for herein to;
NOW, THEREFORE, the parties hereto agree as follows:
SECTION 1. DEFINITIONS; REFERENCES. Unless otherwise specifically
defined herein, each term used herein that is defined in the Credit Agreement
shall have the meaning assigned to such term in the Credit Agreement. Each
reference to "hereof", "hereunder", "herein" and "hereby" and each other
similar reference and each reference to "this Agreement" and each other
similar reference contained in the Credit Agreement shall, from and after the
date of effectiveness of this Amendment, refer to the Credit Agreement as
amended hereby.
SECTION 2. MANDATORY PREPAYMENT, COMMITMENT REDUCTION AND
TERMINATION. Subsection (i)(B) of the final sentence of Section 2.13(a) of
the Credit Agreement is hereby amended by replacing the phrase "thirty (30)"
therein with the phrase "seventy (70)".
SECTION 3. EFFECTIVENESS. This Amendment shall become effective if
and only if the Agent shall have received duly executed counterparts hereof
signed by each of the Borrower, the Agent, the Guarantor and the Required DIP
Lenders (or, in the case of any party as to which an executed counterpart
shall not have been received, the Agent shall have received telegraphic,
telex or other written confirmation from such party of execution of a
counterpart hereof by such party).
SECTION 4. GOVERNING LAW. This Amendment shall be governed by and
construed in accordance with the laws of the State of New York.
SECTION 5. COUNTERPARTS. This Amendment may be signed in any number
of counterparts, each of which shall be an original, with the same effect as
if the signatures thereto and hereto were upon the same instrument.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective authorized officers as of the day and year
first above written.
XXXXXXX INDUSTRIES INC.
By:____________________________
Name:
Title:
XXXXXXX XXXXXXX INC.
By:____________________________
Name:
Title:
THE CHASE MANHATTAN BANK,
as Agent and as DIP Lender
By:____________________________
Name:
Title:
HIBERNIA NATIONAL BANK
By:____________________________
Name:
Title:
WACHOVIA BANK, N.A.
By:____________________________
Name:
Title:
THE BANK OF NOVA SCOTIA
By:____________________________
Name:
Title:
PERRY CAPITAL LLC
By:____________________________
Name:
Title:
AMSOUTH BANK
By:____________________________
Name:
Title:
BHF (USA) CAPITAL CORPORATION
By:____________________________
Name:
Title:
By:____________________________
Name:
Title:
COMERICA BANK
By:____________________________
Name:
Title:
NATIONAL BANK OF CANADA
By:____________________________
Name:
Title:
BNP PARIBAS
By:____________________________
Name:
Title:
