EXECUTION EXTENSION OF AMENDMENT NO. 6 & LIMITED WAIVER TO THE CREDIT AGREEMENT
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EXHIBIT 10.3
EXECUTION
EXTENSION OF AMENDMENT NO. 6 & LIMITED WAIVER TO THE CREDIT AGREEMENT
October 27, 2000
Reference is made to (i) that certain Credit Agreement dated
as of June 30, 1999, among Telespectrum Worldwide, Inc., a Delaware corporation
(the "BORROWER"), the financial institutions parties thereto (the "LENDERS"),
BNP Paribas, as collateral agent (the "AGENT"), and Bank of America, N.A., as
administrative agent for the Lenders (the "ADMINISTRATIVE AGENT") (as amended,
restated, supplemented or otherwise modified from time to time, the "CREDIT
AGREEMENT"), and (ii) that certain Amendment No. 6 & Limited Waiver to the
Credit Agreement dated as of October 13, 2000, among the Borrower, the Lenders,
the Agent and the Administrative Agent ("AMENDMENT NO. 6 & LIMITED WAIVER").
Capitalized terms not otherwise defined in this Extension of Amendment No. 6 &
Limited Waiver to the Credit Agreement (this "EXTENSION") shall have the same
meanings as specified in the Credit Agreement.
At the request of the Borrower, the undersigned Lenders hereby
agree that any and all references to "October 27, 2000" contained in Amendment
No. 6 & Limited Waiver are replaced with, and any and all waivers set forth
therein are hereby extended to, November 3, 2000; provided however that prior to
or on November 3, 2000, the Borrower shall have delivered to the Agent, the
Administrative Agent and the Lenders a written proposal acceptable to the Agent,
the Administrative Agent and the Lenders and approved and ratified by the board
of directors of the Borrower which specifically describes the restructuring
terms upon which the Agent, the Administrative Agent and the Lenders would be
willing to continue their negotiations with the Borrower; provided further
however that the Revolving Credit Commitment of each Revolving Credit Lender is
hereby terminated. Except as expressly set forth in the preceding sentence, the
terms, provisions and conditions of Amendment No. 6 & Limited Waiver, the Credit
Agreement and the other Loan Documents shall remain in full force and effect and
in all other respects are hereby ratified and confirmed.
[Remainder of Page Intentionally Left Blank]
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This Extension may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so
executed and delivered to the Agent shall be deemed an original, but all such
counterparts together shall constitute but one and the same instrument.
TELESPCTRUM WORLDWIDE, INC.
By:____________________________________
Name:
Title:
AGENTS AND LENDERS:
BNP PARIBAS,
individually and as Agent
By:____________________________________
Name:
Title:
BANK OF AMERICA, N.A., individually
and as Administrative Agent
By:____________________________________
Name:
Title:
FLEET NATIONAL BANK (f/k/a
BankBoston, N.A.).
By:____________________________________
Name:
Title:
IBJ WHITEHALL BANK & TRUST
COMPANY
By:____________________________________
Name:
Title:
X-0
0
XXX XXXXXX PRIME RATE
INCOME TRUST
By:____________________________________
Name:
Title:
XXX XXXXXX SENIOR FLOATING RATE FUND
By:____________________________________
Name:
Title:
XXX XXXXXX SENIOR INCOME TRUST
By:____________________________________
Name:
Title:
XXXXX FARGO BANK, N.A.
By:____________________________________
Name:
Title:
FIRST SOURCE FINANCIAL, LLP
By First Source Financial, Inc.,
its agent/manager
By:____________________________________
Name:
Title:
KZH ING-1 LLC
By:____________________________________
Name:
Title:
S-2
4
KZH ING-2 LLC
By:____________________________________
Name:
Title:
KZH ING-3 LLC
By:____________________________________
Name:
Title:
ARCHIMEDES FUNDING, L.L.C.
By: ING Capital Advisors LLC,
as Collateral Manager
By:____________________________________
Name:
Title:
ARCHIMEDES FUNDING II, LTD.
By: ING Capital Advisors LLC,
as Collateral Manager
By:____________________________________
Name:
Title:
FIRST DOMINION FUNDING III
By:____________________________________
Name:
Title:
S-3
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GUARANTORS:
TLSP TRADEMARKS, INC.
By:____________________________________
Name:
Title:
TELESPECTRUM GOVERNMENT SERVICES, INC.
By:____________________________________
Name:
Title:
CRW FINANCIAL INC.
By:____________________________________
Name:
Title:
TELESPECTRUM WORLDWIDE (CANADA) INC.
By:____________________________________
Name:
Title:
S-4
