EXHIBIT 10.1
THIRD AMENDMENT TO CREDIT AGREEMENT
THIRD AMENDMENT TO CREDIT AGREEMENT (this "Amendment"), dated as of July
7, 2004, among STARWOOD HOTELS & RESORTS WORLDWIDE, INC., a Maryland corporation
(the "Corporation"), each additional ALTERNATE CURRENCY REVOLVING LOAN BORROWER
from time to time party to the Credit Agreement (as referred to below) (together
with the Corporation, collectively, the "Borrowers"), the LENDERS from time to
time party to the Credit Agreement (the "Lenders"), DEUTSCHE BANK AG, NEW YORK
BRANCH, as Administrative Agent (in such capacity, the "Administrative Agent"),
JPMORGAN CHASE BANK, as Syndication Agent (in such capacity, the "Syndication
Agent"), BANK OF AMERICA, N.A., FLEET NATIONAL BANK and SOCIETE GENERALE, as
Co-Documentation Agents (in such capacity, collectively, the "Co-Documentation
Agents" and each, a "Co-Documentation Agent"), and DEUTSCHE BANK SECURITIES INC.
and X.X. XXXXXX SECURITIES INC. as Co-Lead Arrangers and Joint Book Running
Managers (in such capacity, collectively, the "Managers"). Unless otherwise
defined herein, all capitalized terms used herein shall have the respective
meanings provided such terms in the Credit Agreement referred to below.
WITNESSETH:
WHEREAS, the Corporation, the Lenders, the Administrative Agent, the
Syndication Agent, the Co-Documentation Agents and the Managers are parties to
that certain Credit Agreement, dated as of October 9, 2002 (as amended, modified
and/or supplemented to, but not including, the date hereof, the "Credit
Agreement");
WHEREAS, the Corporation and its Subsidiaries desire to, inter alia,
increase the permitted aggregate amount of Incremental Term Loan Commitments set
forth in Section 1.19(a) of the Credit Agreement; and
WHEREAS, in connection with the foregoing, the Corporation and its
Subsidiaries wish to request certain modifications to provisions in the Credit
Agreement in order to permit the matters described herein, subject to all of the
terms and provisions contained in this Amendment and only to the extent set
forth in this Amendment.
NOW, THEREFORE, it is agreed:
PART I. AMENDMENTS TO THE CREDIT AGREEMENT.
SECTION 1. Incremental Term Loan Commitments; Section 1.19. From and after
the Third Amendment Effective Date (as defined below), Section 1.19(a) of the
Credit Agreement shall be amended by deleting the amount "$200,000,000"
appearing in said Section and inserting the amount "$400,000,000" in lieu
thereof.
SECTION 2. Incremental Revolving Loan Commitments: Section 1.20. From and
after the Third Amendment Effective Date, Section 1.20(a) of the Credit
Agreement shall be
amended by deleting the amount "$200,000,000" appearing in said Section and
inserting the amount "$400,000,000" in lieu thereof.
PART II. MISCELLANEOUS PROVISIONS
A. Each Guarantor, by its signature below, hereby confirms that its
Guaranty shall remain in full force and effect and its Guaranty covers the
obligations of each of the relevant Borrowers under the Credit Agreement, as
modified and amended by this Amendment.
B. In order to induce the Lenders to enter into this Amendment, the
Corporation represents and warrants to the Lenders that, on the Third Amendment
Effective Date, before, as of and after giving effect to the execution, delivery
and performance by the Corporation of this Amendment and the transactions
contemplated hereby, (i) there shall exist no Default or Event of Default and
(ii) all representations and warranties contained in the Credit Agreement and in
the other Credit Documents are true and correct in all material respects with
the same effect as though such representations and warranties had been made on
the Third Amendment Effective Date (it being understood and agreed that any
representation or warranty which by its terms is made as of a specified date
shall be true and correct in all material respects only as of such specified
date).
C. This Amendment is limited as specified and shall not constitute a
modification, acceptance or waiver of any other provision of the Credit
Agreement or any other Credit Document.
D. This Amendment may be executed in any number of counterparts and by the
different parties hereto on separate counterparts, each of which counterparts
when executed and delivered shall be an original, but all of which shall
together constitute one and the same instrument. A complete set of counterparts
shall be lodged with the Corporation and the Administrative Agent.
E. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF
NEW YORK.
F. This Amendment shall become effective on the date (the "Third Amendment
Effective Date") when each of the Borrowers, each Guarantor and the Required
Lenders shall have signed a counterpart hereof (whether the same or different
counterparts) and shall have delivered (including by way of facsimile
transmission) the same to the Administrative Agent (or its designee).
Administrative Agent shall promptly deliver notice to the Corporation of the
occurrence of the Third Amendment Effective Date.
G. From and after the Third Amendment Effective Date, all references in
the Credit Agreement and each of the other Credit Documents to the Credit
Agreement shall be deemed to be references to the Credit Agreement as modified
hereby. This Amendment shall constitute a Credit Document for all purposes under
the Credit Agreement and the other Credit Documents.
IN WITNESS WHEREOF, the parties hereto have caused their duly authorized
officers to execute and deliver this Amendment as of the date first above
written.
STARWOOD HOTELS & RESORTS
WORLDWIDE, INC., as the Borrower and
Guarantor
By: /s/ Xxxx X. Xxxx
---------------------------------
Name: XXXX X. XXXX
Title: SVP & TREASURER
STARWOOD CANADA CORP., as an Alternate
Currency Revolving Loan Borrower
By: /s/ Xxxx X. Xxxx
---------------------------------
Name: Xxxx X. Xxxx
Title: Authorized Signatory
SHERATON HOLDING CORPORATION, as
Guarantor
By: /s/ Xxxx X. Xxxx
---------------------------------
Name: Xxxx X. Xxxx
Title: Vice President and Treasurer
DEUTSCHE BANK AG, NEW YORK BRANCH,
Individually and as Administrative Agent
By: /s/ Xxxxxx X. Xxxxxx
---------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Managing Director
By: /s/ Xxxxxx Xxxxx
---------------------------------
Name: Xxxxxx Xxxxx
Title: Vice President
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
NAME OF INSTITUTION:
Bank of America, N.A.
By: /s/ Xxxx X Xxxxxx
---------------------------------
Name: Xxxx X Xxxxxx
Title: Principal
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC. CERTAIN ADDITIONAL ALTERNATE CURRENCY
REVOLVING LOAN BORROWERS, THE VARIOUS
LENDERS PARTY THERETO, DEUTSCHE BANK AG,
NEW YORK BRANCH, AS ADMINISTRATIVE AGENT,
JPMORGAN CHASE BANK, AS SYNDICATION AGENT
AND BANK OF AMERICA, N.A., FLEET NATIONAL
BANK AND SOCIETE GENERALE, AS
CO-DOCUMENTATION AGENTS
NAME OF INSTITUTION:
BANK OF HAWAII
By: /s/ Xxxxxx Xxxxx
---------------------------------
Name: Xxxxxx Xxxxx
Title: Assistant Vice President
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
NAME OF INSTITUTION:
BANK OF MONTREAL
By: /s/ Xxxx X Xxxxxx
----------------------------------
Name: Xxxx X Xxxxxx
Title: Vice President
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
NAME OF INSTITUTION:
Bank One, NA
By: /s/ Xxxxxx Xxxxxxxx
---------------------------------
Name: Xxxxxx Xxxxxxxx
Title: Managing Director
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
NAME OF INSTITUTION:
BANK LEUMI USA
By: /s/ Xxxxx Xxx Hong
---------------------------------
Name: Xxxxx Xxx Hong
Title: Vice President
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
NAME OF INSTITUTION:
THE BANK OF NOVA SCOTIA
By: /s/ Xxxx Xxxxxx
---------------------------------
Name: Xxxx Xxxxxx
Title: Managing Director
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
NAME OF INSTITUTION:
GRAYSTON CLO 2001-01 LTD.
By: Bear Xxxxxx Asset Management Inc.
as its Collateral Manager
By: /s/ Xxxxxxx Xxxxx
---------------------------------
Name: Xxxxxxx Xxxxx
Title: V.P.
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
NAME OF INSTITUTION:
XXXXX XXX COMMERCIAL BANK. LTD.
NEW YORK BRANCH
By: /s/ Xxxx Xxxx 08/12/04
---------------------------------
Name: Xxxx Xxxx
Title: AVP & AGM
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK.
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
Xxxxx Xxxx Bank Co., Ltd. New York Agency
By: /s/ Xxxxx-Xxx Wei
---------------------------------
Name: Xxxxx-Xxx Wei
Title: SVP & General Manager
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
NAME OF INSTITUTION:
ERSTE BANK, NEW YORK BRANCH
By: /s/ Xxxxxxx X. Xxxxxx
---------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Vice President
By: /s/ Xxxxx Xxxxx
---------------------------------
Name: Xxxxx Xxxxx
Title: First Vice President
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
NAME OF INSTITUTION:
FIRST HAWAIIAN BANK
By: /s/ Xxxxxxx X. Xxxxxxx
---------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Senior Vice President, Manager
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A, FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
NAME OF INSTITUTION:
FLEET NATIONAL BANK
By: /s/ Xxxx X Xxxxxx
---------------------------------
Name: Xxxx X Xxxxxx
Title: Principal
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
ING REAL ESTATE FINANCE (USA) LLC
By: /s/ Xxxxx X. Xxxxxxxx
---------------------------------
Name: Xxxxx X. Xxxxxxxx
Title: Managing Director
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS. THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
NAME OF INSTITUTION:
JPMorgan Chase Bank
By: /s/ Xxxxxx Xxxxxxxx
---------------------------------
Name: Xxxxxx Xxxxxxxx
Title: Managing Director
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
XXXXXX COMMERCIAL PAPER INC.
By: /s/ Xxxxxx X. Xxxxxx
---------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Authorized Signatory
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
NAME OF INSTITUTION:
MIZUHO CORPORATE BANK LIMITED
By: /s/ Xxxx Xxxxxxx
---------------------------------
Name: Xxxx Xxxxxxx
Title: Senior Vice President
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALS, AS CO-DOCUMENTATION AGENTS
NAME OF INSTITUTION:
THE NORINCHUKIN BANK NEW YORK BRANCH
By: /s/ Xxxxxxxx Xxxxx
---------------------------------
Name: Xxxxxxxx Xxxxx
Title: Joint General Manager
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
NAME OF INSTITUTION:
SANPAOLO IMI S.p.A.
By: /s/ Xxxxx X. Xxxxx
---------------------------------
Name: Xxxxx X. Xxxxx
Title: Vice President
By: /s/ Xxxxx Xxxxxxx
---------------------------------
Name: Xxxxx Xxxxxxx
Title: CEO for the Americas
SIGNATURE PAGE TO THE THIRD AMENDMENT
DATED AS OF JULY 7, 2004, TO THE CREDIT
AGREEMENT, DATED AS OF OCTOBER 9, 2002,
AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
INC., CERTAIN ADDITIONAL ALTERNATE
CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE
BANK AG, NEW YORK BRANCH, AS
ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
AS SYNDICATION AGENT AND BANK OF AMERICA,
N.A., FLEET NATIONAL BANK AND SOCIETE
GENERALE, AS CO-DOCUMENTATION AGENTS
NAME OF INSTITUTION:
Societe Generale
By: /s/ Xxxxxx X. Day
---------------------------------
Name: Xxxxxx X. Day
Title: Managing Director
