EXTENSION AGREEMENT
dated as of February 18, 2000
among
DOLLAR THRIFTY FUNDING CORP.,
CERTAIN FINANCIAL INSTITUTIONS,
as the Liquidity Lenders
and
CREDIT SUISSE FIRST BOSTON, NEW YORK BRANCH,
as Liquidity Agent
EXTENSION AGREEMENT
THIS EXTENSION AGREEMENT (this "Agreement") dated as of February 18,
2000, is entered into among Dollar Thrifty Funding Corp., an Oklahoma
corporation ("DTFC"), the undersigned financial institutions (the "Liquidity
Lenders"), Credit Suisse First Boston, New York Branch, a Swiss banking
corporation ("Liquidity Agent"), The Chase Manhattan Bank, not as a party but as
Syndication Agent, and The Bank of Nova Scotia, not as a party but as Document
Agent.
RECITALS:
A. The undersigned are parties to that certain Liquidity Agreement
dated as of March 4, 1998, among DTFC, the Liquidity Lenders, the Liquidity
Agent and The Chase Manhattan Bank, not as a party but as Syndication Agent, as
subsequently amended by (i) Amendment No. 1 to Liquidity Agreement dated as of
March 4, 1999, and (ii) Amendment No. 2 to Liquidity Agreement dated as of
October 20, 1999 (as amended to the date hereof, the "Liquidity Agreement"); and
B. The undersigned desire to extend the Scheduled Liquidity Commitment
Termination Date from March 2, 2000 to February 28, 2001.
NOW, THEREFORE, the parties hereto hereby agree as follows:
1. Definitions. Capitalized terms used but not defined herein shall have
the meanings assigned to such terms in the Definitions List annexed to the
Liquidity Agreement as Annex A, as such Definitions List has heretofore been or
may hereafter be amended or modified from time to time in accordance with the
provisions of the Liquidity Agreement.
2. Extension. Pursuant to Section 3.5 of the Liquidity Agreement, the
Scheduled Liquidity Commitment Termination Date is hereby extended until
February 28, 2001.
3. Condition to Effectiveness. The effectiveness of this Agreement shall be
conditioned upon the effectiveness of that certain Amendment No. 3 to Liquidity
Agreement dated as of the date hereof among DTFC, the financial institutions
parties thereto, and the Liquidity Agent.
4. Continuing Accuracy of Representations and Warranties. The
representations and warranties of DTFC in each of the CP Program Documents to
which DTFC is a party are true and correct (in all material respects to the
extent such representations and warranties do not incorporate a materiality
limitation on their terms) on the date of this Agreement as though made on and
as of the date of this Agreement.
5. Binding Effect. This Agreement shall be binding upon and inure to the
benefit of the parties and their respective successors and assigns.
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6. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO THE PROVISIONS THEREOF
REGARDING CONFLICTS OF LAWS), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HERETO SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
7. Counterparts. This Agreement may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when executed and delivered shall be deemed to be an original and all of
which taken together shall constitute but one and the same agreement.
[SIGNATURES ON FOLLOWING PAGES]
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IN WITNESS WHEREOF, the undersigned have caused this Agreement to be
executed and delivered as of the day and year first above written.
DTFC:
DOLLAR THRIFTY FUNDING CORP.,
an Oklahoma corporation
By: _____________________________________
Xxxxxx X. Xxxx
Vice President
LIQUIDITY AGENT:
CREDIT SUISSE FIRST BOSTON, NEW YORK
BRANCH, a Swiss banking corporation
By: _____________________________________
Name: __________________________
Title: _________________________
By: _____________________________________
Name: __________________________
Title: _________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$75,000,000 CREDIT SUISSE FIRST BOSTON, NEW YORK
BRANCH, a Swiss banking corporation
By: ________________________________________
Name: _____________________________
Title: ____________________________
By: ________________________________________
Name: _____________________________
Title: ____________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$65,000,000 THE CHASE MANHATTAN BANK
By: ________________________________________
Name: _____________________________
Title: ____________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$50,000,000 ING (U.S.) CAPITAL, LLC
By: ________________________________________
Name: _____________________________
Title: ____________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$70,000,000 THE BANK OF NOVA SCOTIA
By: ________________________________________
Name: _____________________________
Title: ____________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$50,000,000 ABN AMRO BANK N.V.
By: ________________________________________
Name: _____________________________
Title: ____________________________
By: ________________________________________
Name: _____________________________
Title: ____________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$40,000,000 CREDIT INDUSTRIEL ET COMMERCIAL
By: ________________________________________
Name: _____________________________
Title: ____________________________
By: ________________________________________
Name: _____________________________
Title: ____________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$40,000,000 DRESDNER BANK AG, NEW YORK AND
GRAND CAYMAN BRANCHES
By: ________________________________________
Name: _____________________________
Title: ____________________________
By: ________________________________________
Name: _____________________________
Title: ____________________________
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XXXXXXXXX XXXXXXXXXX: LIQUIDITY LENDER:
$25,000,000 FLEET NATIONAL BANK
By: ________________________________________
Name: _____________________________
Title: ____________________________
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XXXXXXXXX XXXXXXXXXX: LIQUIDITY LENDER:
$25,000,000 BBL INTERNATIONAL (U.K.) LTD
By: ________________________________________
Name: _____________________________
Title: ____________________________
By: ________________________________________
Name: _____________________________
Title: ____________________________
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XXXXXXXXX XXXXXXXXXX: LIQUIDITY LENDER:
$30,000,000 BANK OF MONTREAL
By: ________________________________________
Name: _____________________________
Title: ____________________________
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XXXXXXXXX XXXXXXXXXX: LIQUIDITY LENDER:
$50,000,000 BANK ONE, TEXAS N.A.
By: ________________________________________
Name: _____________________________
Title: ____________________________
By: ________________________________________
Name: _____________________________
Title: ____________________________
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XXXXXXXXX XXXXXXXXXX: LIQUIDITY LENDER:
$30,000,000 BAYERISCHE LANDESBANK GIROZENTRALE,
NEW YORK BRANCH
By: ________________________________________
Name: _____________________________
Title: ____________________________
By: ________________________________________
Name: _____________________________
Title: ____________________________
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XXXXXXXXX XXXXXXXXXX: LIQUIDITY LENDER:
$25,000,000 COMERICA BANK
By: ________________________________________
Name: _____________________________
Title: ____________________________
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XXXXXXXXX XXXXXXXXXX: LIQUIDITY LENDER:
$25,000,000 XXXXXX GUARANTY TRUST COMPANY OF
NEW YORK
By: ________________________________________
Name: _____________________________
Title: ____________________________
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XXXXXXXXX XXXXXXXXXX: LIQUIDITY LENDER:
$50,000,000 DEUTSCHE BANK AG, NEW YORK A/O
CAYMAN ISLANDS BRANCHES
By: ________________________________________
Name: _____________________________
Title: ____________________________
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XXXXXXXXX XXXXXXXXXX: LIQUIDITY LENDER:
$25,000,000 KBC BANK
By: ________________________________________
Name: _____________________________
Title: ____________________________
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XXXXXXXXX XXXXXXXXXX: LIQUIDITY LENDER:
$25,000,000 XXXXX FARGO BANK
By: ________________________________________
Name: _____________________________
Title: ____________________________
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