SUPPLEMENT Dated November 2, 2007
Exhibit
10.10
Dated
November 2, 2007
Reference
is made to that certain Credit Agreement, dated as of February 17, 2006 (as
amended or modified from time to time, the “Credit Agreement”) among
AllianceBernstein L.P. (formerly known as Alliance Capital Management L.P., the
“Borrower”), the Banks parties thereto (the “Banks”), and Bank of America, N.A.,
as Administrative Agent (the “Administrative Agent”). Unless
otherwise defined herein, capitalized terms used in this Supplement have the
meanings ascribed thereto in the Credit Agreement.
Pursuant
to Section 2.5(b) of the Credit Agreement, the Borrower has requested an
increase in the Total Commitment from $800,000,000 to
$1,000,000,000. Such increase in the Total Commitment is to become
effective on the date (the “Effective Date”) which is the later of (i) November
2, 2007 and (ii) the date on which the conditions set forth in Section 2.5(b) in
respect of such increase have been satisfied. In connection with such
requested increase in the Total Commitment, the Borrower, the Administrative
Agent and JPMORGAN CHASE BANK, N.A. (the “Accepting Bank”) hereby agree as
follows:
1. Effective
as of the Effective Date, the Commitment of the Accepting Bank under the Credit
Agreement shall be increased from $95,000,000 to the amount set forth opposite
the Accepting Bank’s name on the signature page hereof.
2. The
Borrower hereby represents and warrants that as of the date hereof and as of the
Effective Date: (a) all representations and warranties of the Borrower contained
in Section 5 of the Credit Agreement (other than the Borrower’s representation
and warranty set forth in Section 5.5) shall be true and correct in all material
respects as though made on such date; and (b) no event shall have occurred and
then be continuing which constitutes a Default.
3. THIS SUPPLEMENT SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK.
4. This
Supplement may be executed in one or more counterparts, each of which shall be
deemed an original, but all of which taken together shall constitute one and the
same instrument.
IN
WITNESS WHEREOF, the parties hereto have caused this Supplement to be executed
by their respective officers thereunto duly authorized, as of the date first
above written.
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ALLIANCEBERNSTEIN
L.P., as Borrower
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By:
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/s/ Xxxx X. Xxxxxxx, Xx.
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Name:
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Xxxx X. Xxxxxxx, Xx.
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Title:
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Vice President and
Treasure
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1
Acknowledged
and Accepted:
BANK OF
AMERICA, N.A.,
as
Administrative Agent
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By:
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/s/ Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx X. Xxxxxxx
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Title:
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Senior Vice President
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COMMITMENT
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ACCEPTING
BANK
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$122,500,000
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JPMORGAN
CHASE BANK, N.A.
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By:
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/s/ Xxxxxx X’Xxxxxxx
Xxxx
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Name:
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Xxxxxx X’Xxxxxxx Horn
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Title:
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Vice
President
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2
Acknowledged
and Accepted:
BANK OF
AMERICA, N.A.,
as
Administrative Agent
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By:
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/s/ Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx X. Xxxxxxx
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Title:
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Senior Vice President
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COMMITMENT
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ACCEPTING
BANK
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$122,500,000
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DEUTSCHE
BANK AG, NEW YORK BRANCH
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By:
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/s/ Xxxxxxxx Xxxxxx
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Name:
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Xxxxxxxx Xxxxxx
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Title:
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Director
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By:
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/s/ Xxxxxxx Xxxxxx
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Name:
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Xxxxxxx Xxxxxx
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Title:
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Managing
Director
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1
Acknowledged
and Accepted:
BANK OF
AMERICA, N.A.,
as
Administrative Agent
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By:
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/s/ Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx X. Xxxxxxx
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Title:
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Senior Vice President
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COMMITMENT
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ACCEPTING
BANK
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$122,500,000
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THE
BANK OF NEW YORK
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By:
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/s/ Xxxxxx Xxxxx
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Name:
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Xxxxxx Xxxxx
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Title:
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Vice
President
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1
Acknowledged
and Accepted:
BANK OF
AMERICA, N.A.,
as
Administrative Agent
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By:
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/s/ Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx X. Xxxxxxx
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Title:
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Senior Vice President
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COMMITMENT
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ACCEPTING
BANK
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$85,000,000
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CREDIT
SUISSE, CAYMAN ISLANDS BRANCH
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By:
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/s/ Xxx Xxxxx
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Name:
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Xxx Xxxxx
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Title:
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Director
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By:
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/s/ Xxxxx Xxxx
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Name:
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Xxxxx Xxxx
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Title:
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Assistant Vice
President
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1
Acknowledged
and Accepted:
BANK OF
AMERICA, N.A.,
as
Administrative Agent
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By:
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/s/ Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx X. Xxxxxxx
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Title:
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Senior Vice President
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COMMITMENT
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ACCEPTING
BANK
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$85,000,000
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STATE
STREET BANK AND TRUST COMPANY
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By:
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/s/ Xxxx X. Xxxxxxxxx
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Name:
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Xxxx X. Xxxxxxxxx
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Title:
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Vice
President
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1
Acknowledged
and Accepted:
BANK OF
AMERICA, N.A.,
as
Administrative Agent
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By:
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/s/ Xxxxxx X. Xxxxxxx
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|
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Name:
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Xxxxxx X. Xxxxxxx
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|
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Title:
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Senior Vice President
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COMMITMENT
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ACCEPTING
BANK
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$85,000,000
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HSBC
BANK USA, NATIONAL ASSOCIATION
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By:
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/s/ Xxxxx X. Xxxxxxxxx
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Name:
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Xxxxx X. Xxxxxxxxx
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|
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Title:
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Managing
Director
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1
Acknowledged
and Accepted:
BANK OF
AMERICA, N.A.,
as
Administrative Agent
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By:
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/s/ Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx X. Xxxxxxx
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Title:
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Senior Vice President
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COMMITMENT
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ACCEPTING
BANK
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$60,000,000
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XXXXXXX
XXXXX BANK USA
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By:
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/s/ Xxxxx Xxxxx
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Name:
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Xxxxx Xxxxx
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Title:
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Director
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1
Acknowledged
and Accepted:
BANK OF
AMERICA, N.A.,
as
Administrative Agent
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By:
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/s/ Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx X. Xxxxxxx
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Title:
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Senior Vice President
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COMMITMENT
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ACCEPTING BANK
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$35,000,000
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ABN
AMRO BANK N.V.
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By:
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/s/ Xxxxxxxx X. Xxxxxx
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Name:
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Xxxxxxxx X. Xxxxxx
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Title:
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Senior Vice President
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By:
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/s/ Xxxxxxxxx X. Xxxxxx
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Name:
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Xxxxxxxxx X. Xxxxxx
|
|
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Title:
|
Senior Vice
President
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1
Acknowledged
and Accepted:
BANK OF
AMERICA, N.A.,
as
Administrative Agent
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By:
|
/s/ Xxxxxx X. Xxxxxxx
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|
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Name:
|
Xxxxxx X. Xxxxxxx
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|
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Title:
|
Senior Vice President
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COMMITMENT
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ACCEPTING
BANK
|
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$137,500,000
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BANK
OF AMERICA, N.A.
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By:
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/s/ Xxxxxx X.
Xxxxxxx
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Name:
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Xxxxxx X. Xxxxxxx
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Title:
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Senior Vice
President
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1
