SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT
Exhibit 10.2
SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED
RECEIVABLES PURCHASE AGREEMENT
RECEIVABLES PURCHASE AGREEMENT
THIS SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT (this
“Amendment”) dated as of October 4, 2005, is entered into among WESCO RECEIVABLES CORP.
(the “Seller”), WESCO DISTRIBUTION, INC. (the “Servicer”), the Purchasers (each, a
“Purchaser”) and Purchaser Agents (each, a “Purchaser Agent”) party hereto, and
WACHOVIA CAPITAL MARKETS, LLC (as successor to Wachovia Securities, Inc.), as Administrator (the
“Administrator”).
RECITALS
1. The Seller, Servicer, each Purchaser, each Purchaser Agent and the Administrator are
parties to the Second Amended and Restated Receivables Purchase Agreement dated as of September 2,
2003 (as amended through the date hereof, the “Agreement”); and
2. The parties hereto desire to amend the Agreement as hereinafter set forth.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows:
1. Certain Defined Terms. Capitalized terms that are used herein without definition
and that are defined in Exhibit I to the Agreement shall have the same meanings herein as therein
defined.
2. Amendments to Agreement. The Agreement is hereby amended as follows:
2.1 The definition of “XXX Division” set forth in Exhibit I to the Agreement is hereby
amended and restated in its entirety as follows:
“XXX Division” means (i) each of the following branches of WESCO or Wesco Equity Corporation, as applicable, for so long as they do not use the ENDURA System: (a) Xxxxx Electric, (b) Xxxxxxxx International Group-Houston, (c) Xxxxxxxx Supply, (d) Xxxxxxx Electric, (e) IES (Birmingham), (f) Xxxxx-Tri-City-Ies (Mobile) and (g) Xxxxxxxxx Electric; (ii) Xxxxxxx-Xxxxx Company; and (iii) Xxxxxxx-Xxxxx Company of Texas, L.P. |
2.2 The definition of “Purchase Limit” set forth in Exhibit I to the Agreement is
hereby amended by deleting the amount “$350,000,000” therein and substituting the amount
“$400,000,000” therefor.
2.3 The Commitment with respect to Fifth Third Bank, as a Related Committed Purchaser, as set
forth on Fifth Third Bank’s signature page to the Agreement, is hereby
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amended by deleting the amount “$75,000,000” therein and substituting the amount “$87,500,000”
therefor.
2.4 The Commitment with respect to General Electric Capital Corporation, as a Related
Committed Purchaser, as set forth on General Electric Capital Corporation’s signature page to the
Agreement, is hereby amended by deleting the amount “$75,000,000” therein and substituting the
amount “$85,000,000” therefor.
2.5 The Commitment with respect to PNC Bank, National Association, as a Related Committed
Purchaser, as set forth on PNC Bank, National Association’s signature page to the Agreement, is
hereby amended by deleting the amount “$65,000,000” therein and substituting the amount
“$77,500,000” therefor.
2.6 The Commitment with respect to Wachovia Bank, National Association, as a Related Committed
Purchaser, as set forth on Wachovia Bank, National Association’s signature page to the Agreement,
is hereby amended by deleting the amount “$135,000,000” therein and substituting the amount
“$150,000,000” therefor.
3. Representations and Warranties. The Seller and Servicer hereby represent and
warrant to each of the parties hereto as follows:
(a) Representations and Warranties. The representations and warranties contained in Exhibit III of the Agreement are true and correct as of the date hereof. | ||
(b) No Default. Both before and immediately after giving effect to this Amendment and the transactions contemplated hereby, no Termination Event or Unmatured Termination Event exists or shall exist. |
4. Effect of Amendment. All provisions of the Agreement, as expressly amended and
modified by this Amendment, shall remain in full force and effect. After this Amendment becomes
effective, all references in the Agreement (or in any other Transaction Document) to “this
Agreement”, “hereof”, “herein” or words of similar effect referring to the Agreement shall be
deemed to be references to the Agreement as amended by this Amendment. This Amendment shall not be
deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Agreement
other than as set forth herein.
5. Effectiveness. This Amendment shall become effective as of the date hereof upon
receipt by the Administrator of (a) counterparts of this Amendment (whether by facsimile or
otherwise) executed by each of the other parties hereto, in form and substance satisfactory to the
Administrator in its sole discretion, (b) written confirmation of satisfaction of the Rating Agency
Condition with respect to each Purchaser, as applicable, and (c) such other agreements, documents
and instruments as the Administrator shall request.
6. Counterparts. This Amendment may be executed in any number of counterparts and by
different parties on separate counterparts, each of which when so executed shall be deemed to be an
original and all of which when taken together shall constitute but one and the same instrument.
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7. Governing Law. This Amendment shall be governed by, and construed in accordance
with, the internal laws of the State of New York without regard to any otherwise applicable
principles of conflicts of law (other than Sections 5-1401 and 5-1402 of the New York General
Obligations Law).
8. Section Headings. The various headings of this Amendment are included for
convenience only and shall not affect the meaning or interpretation of this Amendment, the
Agreement or any provision hereof or thereof.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written
above.
WESCO RECEIVABLES CORP. |
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By: | /s/ Xxxxxx X. Xxxxxxx | ||||
Name: | Xxxxxx X. Xxxxxxx | ||||
Title: | Treasurer | ||||
WESCO DISTRIBUTION, INC., as Servicer |
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By: | /s/ Xxxxxx X. Xxxxxxx | ||||
Name: | Xxxxxx X. Xxxxxxx | ||||
Title: | Treasurer | ||||
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WACHOVIA CAPITAL MARKETS, LLC, as Administrator |
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By: | /s/ Xxxxxxx X. Xxxxxxxxx | ||||
Name: | Xxxxxxx X. Xxxxxxxxx | ||||
Title: | Vice President | ||||
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XXXXXX XXXXXX FUNDING CORPORATION, as a Conduit Purchaser |
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By: | /s/ Xxxxx X. Xxxxx | ||||
Name: | Xxxxx X. Xxxxx | ||||
Title: | Vice President | ||||
PNC BANK, NATIONAL ASSOCIATION, as Purchaser Agent for Market Street Funding Corporation |
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By: | /s/ Xxxx X. Xxxxxxxx | ||||
Name: | Xxxx X. Xxxxxxxx | ||||
Title: | Vice President | ||||
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GENERAL ELECTRIC CAPITAL CORPORATION, as a Conduit Purchaser |
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By: | /s/ Xxxxxx X. Xxxxxxxx | ||||
Name: | Xxxxxx X. Xxxxxxxx | ||||
Title: | Duly Authorized Signatory | ||||
GENERAL ELECTRIC CAPITAL CORPORATION, as Purchaser Agent for General Electric Capital Corporation |
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By: | /s/ Xxxxxx X. Xxxxxxxx | ||||
Name: | Xxxxxx X. Xxxxxxxx | ||||
Title: | Duly Authorized Signatory | ||||
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BLUE RIDGE ASSET FUNDING CORPORATION, as a Conduit Purchaser |
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By: | Wachovia Capital Markets, LLC as Attorney in Fact |
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By: | /s/ Xxxxxxx X. Xxxxxx, Xx. | ||||
Name: | Xxxxxxx X. Xxxxxx, Xx. | ||||
Title: | Vice President | ||||
WACHOVIA BANK, NATIONAL ASSOCIATION, as Purchaser Agent for Blue Ridge Asset Funding Corporation |
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By: | /s/ Xxxxxxx X. Xxxxxxxxx | ||||
Name: | Xxxxxxx X. Xxxxxxxxx | ||||
Title: | Vice President | ||||
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FIFTH THIRD BANK, as a Conduit Purchaser |
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By: | /s/ Xxxxxx X. Xxxxxx | ||||
Name: | Xxxxxx X. Xxxxxx | ||||
Title: | Vice President | ||||
FIFTH THIRD BANK, as Purchaser Agent for Fifth Third Bank |
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By: | /s/ Xxxxxx X. Xxxxxx | ||||
Name: | Xxxxxx X. Xxxxxx | ||||
Title: | Vice President | ||||
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THE RELATED COMMITTED PURCHASERS: |
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PNC BANK, NATIONAL ASSOCIATION, as a Related Committed Purchaser for Market Street Funding Corporation |
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By: | /s/ Xxxx X. Xxxxxxxx | ||||
Name: | Xxxx X. Xxxxxxxx | ||||
Title: | Vice President | ||||
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FIFTH THIRD BANK, as a Related Committed Purchaser for Fifth Third Bank |
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By: | /s/ Xxxxxx X. Xxxxxx | ||||
Name: | Xxxxxx X. Xxxxxx | ||||
Title: | Vice President | ||||
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GENERAL ELECTRIC CAPITAL CORPORATION, as a Related Committed Purchaser for General Electric Capital Corporation |
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By: | /s/ Xxxxxx X. Xxxxxxxx | ||||
Name: | Xxxxxx X. Xxxxxxxx | ||||
Title: | Duly Authorized Signatory | ||||
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WACHOVIA BANK, NATIONAL ASSOCIATION, as Related Committed Purchaser for Blue Ridge Asset Funding Corporation |
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By: | /s/ Xxxxxxx X. Xxxxxxxxx | ||||
Name: | Xxxxxxx X. Xxxxxxxxx | ||||
Title: | Vice President | ||||
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