Exhibit 10.205
THIRD AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT
THIS THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this
"Amendment") is entered into as of February 9, 2001, by and among CATALINA
LIGHTING, INC., a Florida corporation ("Domestic Borrower"), CATALINA
INTERNATIONAL PLC, a limited company organized under the laws of England and
Wales (Registered in England No. 03949382) ("Holdings Borrower"), and RING
LIMITED (formerly known as Ring PLC), a limited company organized under the laws
of England and Wales (Registered in England No. 29796) ("Sterling Borrower";
Domestic Borrower, Holdings Borrower and Sterling Borrower are collectively
referred to herein as the "Borrowers" and individually as a "Borrower"),
SUNTRUST BANK, a Georgia banking corporation ("SunTrust"), and the other banks
and lending institutions that are signatories to this Amendment (SunTrust and
such other banks and lending institutions, collectively, the "Lenders"),
SUNTRUST BANK, in its capacities as Administrative Agent for the Lenders (the
"Administrative Agent"), as Domestic Issuing Bank (the "Domestic Issuing Bank")
and as Domestic Swingline Lender (the "Domestic Swingline Lender"), and LASALLE
BANK NATIONAL ASSOCIATION, as successor in interest to SunTrust as the UK
Issuing Bank (the "UK Issuing Bank") and as successor in interest to SunTrust as
the UK Swingline Lender (the "UK Swingline Lender").
W I T N E S S E T H
WHEREAS, the Borrowers, the Lenders, the Administrative Agent, the
Domestic Swingline Lender, the Domestic Issuing Bank, SunTrust in its capacity
as UK Swingline Lender and SunTrust in its capacity as UK Issuing Bank entered
into that certain Amended and Restated Revolving Credit and Term Loan Agreement,
dated as of September 22, 2000, (as amended, restated, supplemented, or
otherwise modified from time to time, the "Credit Agreement");
WHEREAS, the Borrowers, the Lenders, the Administrative Agent, the
Domestic Swingline Lender, the Domestic Issuing Bank, SunTrust in its capacity
as UK Swingline Lender and SunTrust in its capacity as UK Issuing Bank entered
into that certain First Amendment to Amended and Restated Revolving Credit and
Term Loan Agreement, dated as of December 22, 2000;
WHEREAS, the Borrowers, the Lenders, the Administrative Agent, the
Domestic Swingline Lender, the Domestic Issuing Bank, SunTrust in its capacity
as UK Swingline Lender and SunTrust in its capacity as UK Issuing Bank entered
into that certain Second Amendment to Amended and Restated Revolving Credit and
Term Loan Agreement, dated as of January __, 2001;
WHEREAS, the Borrowers, the Lenders, the Administrative Agent, the
Domestic Swingline Lender, the Domestic Issuing Bank, SunTrust in its capacity
as UK Swingline Lender and SunTrust in its capacity as UK Issuing Bank are
amending the Credit Agreement so as to make LaSalle Bank, National Association
the UK Issuing Bank and the UK Swingline Lender along with certain changes in
the terms and conditions of the Credit Agreement as are more fully set forth
herein.
NOW THEREFORE, in consideration of the foregoing premises, the mutual
covenants and agreements contained herein and other good and valuable
consideration, the receipt and sufficiency whereof are hereby acknowledged, the
Borrowers, the Lenders, the Administrative Agent, the Domestic Swingline Lender,
the Domestic Issuing Bank, SunTrust in its capacity as UK Swingline Lender and
SunTrust in its capacity as UK Issuing Bank hereby amend the Credit Agreement as
follows:
A. AMENDMENT
1. Unless otherwise specifically defined herein, each term used
herein which 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 hereof refer to the Credit Agreement as
amended hereby.
2. Section 1.01 of the Credit Agreement is hereby amended so
that, from and after the date hereof, the definitions of "UK Issuing Bank" and
"UK Swingline Lender" set forth therein shall read as follows:
"UK Issuing Bank" shall mean LaSalle Bank, National
Association.
"UK Swingline Lender" shall mean LaSalle Bank, National
Association.
B. MISCELLANEOUS
1. This Amendment shall not be effective until (i) it is executed
by all of the parties listed on the signature pages hereto, (ii) the Agent and
the Lenders receive written notice indicating the effective date from the
Domestic Borrower that it intends for this Amendment to become effective, (iii)
the Agent and the Lenders receive written notice indicating the effective date
from LaSalle Bank, National Association that it intends for this Amendment to
become effective and (iv) SunTrust receives immediately available funds from
LaSalle Bank, National Association reimbursing it for all outstanding Swingline
Loans. Existing L/C's shall remain outstanding in the name of SunTrust as of the
effective date of the written notice provided by the
Domestic Borrower.
2. Except as expressly set forth herein, this Amendment shall be
deemed not to waive or modify any provision of the Credit or the other Credit
Documents, and all terms of the Credit Agreement, as amended hereby, shall be
and shall remain in full force and effect and shall constitute a legal, valid,
binding and enforceable obligations of the Borrowers, the Lenders, the
Administrative Agent, the Domestic Swingline Lender, the Domestic Issuing Bank,
the UK Issuing Bank and the UK Swingline Lender. All references to the Credit
Agreement shall hereinafter be references to the Credit Agreement as amended by
this Amendment.
3. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF GEORGIA AND ALL APPLICABLE LAWS OF THE
UNITED STATES OF AMERICA.
4. This Amendment may be executed in one or more counterparts,
each of which shall be deemed an original, but all of which together shall
constitute one and the same document.
5. This Amendment shall be binding on, and shall inure to the
benefit of, the successors and assigns of the parties hereto.
6. In the event that any part of this Agreement shall be found to
be illegal or in violation of public policy, or for any reason unenforceable at
law, such finding shall not invalidate any other part thereof.
7. TIME IS OF THE ESSENCE UNDER THIS AGREEMENT.
8. The parties agree that their signatures by telecopy or
facsimile shall be effective and binding upon them as though executed in ink on
paper but that the parties shall exchange original ink signatures promptly
following any such delivery by telecopy or facsimile.
9. The Borrowers agree to pay all costs and expenses of the
Administrative Agent and the Lenders incurred in connection with the
preparation, execution, delivery and enforcement of this Amendment, including
the reasonable fees and out-of-pocket expenses of Administrative Agent's
counsel.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed and delivered by their respective officers thereunto duly authorized,
all as of the date first above written.
CATALINA LIGHTING, INC.,
as a Borrower
By: /s/ Xxxxxx Xxxxx
----------------
Name: Xxxxxx Xxxxx
Title: Chief Executive Officer
CATALINA INTERNATIONAL PLC,
as a Borrower
By: /s/ Xxxxxx Xxxxx
----------------
Name: Xxxxxx Xxxxx
Title: Director
RING LIMITED (formerly known as
Ring PLC), as a Borrower
By: /s/ Xxxxxx Xxxxx
----------------
Name: Xxxxxx Xxxxx
Title: Director
SUNTRUST BANK,
as Administrative Agent, as Domestic
Issuing Bank, as Domestic Swingline
Lender and as a Lender
By: /s/ W. Xxxxx Xxxxxx
--------------------
Name:
--------------------
Title:
------------------
LASALLE BANK, NATIONAL
ASSOCIATION, as a UK Issuing Bank
and as UK Swingline Lender
/s/ Xxxxxxx Xxxxxx
------------------
By:
Name:
REPUBLIC BANK, as a Lender
/s/ Xxxxxxxx Xxxxxx
--------------------
By:
Name:
BANK UNITED FSB, as a Lender
------------------------------
By:
Name:
DRESDNER BANK
LATEINAMERIKA, AG, MIAMI
AGENCY, as a Lender
------------------------------
By:
Name:
XXXXXXXX BANK, as a Lender
/s/ Xxxxxx X. Xxxxxxx
---------------------
By:
Name:
LASALLE BANK, NATIONAL
ASSOCIATION, as a Lender
/s/ Xxxxxxx Xxxxxx
-------------------
By:
Name:
UNION PLANTERS BANK, N.A.,
as a Lender
/s/ Xxx Xxxxxx
---------------
By:
Name:
