AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT
Exhibit 10.20(a)
AMENDMENT NO. 1
TO AMENDED AND RESTATED
CREDIT AND SECURITY AGREEMENT
This Amendment No. 1 to AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT (this
"Amendment") is entered into as of April 8, 2005, by and among MARINEMAX, INC.,
a Delaware corporation and each of the other Borrowers set forth on Schedule I
attached hereto and by the reference incorporated herein (collectively,
"Borrowers"), and KEYBANK NATIONAL ASSOCIATION, a national banking association,
both individually (in such capacity, "KeyBank") and as administrative agent (in
such capacity, the "Administrative Agent") for the Lenders (as hereinafter
defined), BANK OF AMERICA, N.A., a national banking association, individually
(in such capacity, "BOA"), as collateral agent (in such capacity, the
"Collateral Agent") and as documentation agent (in such capacity, the
"Documentation Agent") and the various other financial institutions as are or
may become parties hereto, including, as of the date hereof, GE COMMERCIAL
DISTRIBUTION FINANCE CORPORATION, a Delaware corporation ("GE Commercial") and
NATIONAL CITY BANK, a national banking association ("National City") (KeyBank,
BOA, GE Commercial, National City, and such other financial institutions,
collectively, the "Lenders"), amending that Amended and Restated Credit and
Security Agreement dated as of February 3, 2005, by and among Borrowers and
Lenders.(collectively, the "Agreement"). Unless otherwise defined in this
Amendment, all defined terms used in this Amendment shall have the meaning
ascribed to such terms in the Agreement. This Amendment is entered into in
consideration of, and upon, the terms, conditions and agreements set forth
herein.
1. Background.
Borrowers and Lenders desire to amend certain provisions of the
Agreement effective as of the date of this Amendment.
2. Amendments to the Agreement.
The Termination Date as defined in Section 1.01 of the Agreement
shall be amended to read al follows:
"Termination Date" shall mean March 1, 2008; provided, however, that upon the
Company's request such date may be extended for two successive periods of one
year each with the prior written consent of all of the Lenders for each such
annual extension.
DOCUMENTARY STAMP TAXES HAVE BEEN PAID ON THE LOAN EVIDENCED BY THE AMENDED AND
RESTATED CREDIT AND SECURITY AGREEMENT DATED FEBRUARY 3, 2005.
3. Effect on Agreement.
Except as specifically amended and modified by this Amendment, all
terms, conditions, covenants and agreements set forth in the Agreement shall
remain in full force and effect.
4. Counterparts.
This Amendment may be executed in two or more counterparts, each of
which shall constitute an original but all of which when taken together shall
constitute one agreement.
[The remainder of this page intentionally left blank]
IN WITNESS WHEREOF, this Amended and Restated Credit and Security Agreement has
been executed and delivered by the parties as of the day and year first above
written. Insert here
"BORROWERS"
MARINEMAX, INC., a Delaware
corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Executive Vice President and Chief
Financial Officer
MARINEMAX OF SOUTHEAST
FLORIDA, LLC, a Delaware limited
liability company
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Manager
MARINEMAX OF MINNESOTA, INC.,
a Minnesota corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
President
MARINEMAX OF SOUTHWEST
FLORIDA, LLC, a Delaware limited
liability company
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Manager
MARINEMAX OF CENTRAL
FLORIDA, LLC, a Delaware limited
liability company
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Manager
MARINEMAX OF SARASOTA, LLC, a
Delaware limited liability company
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Manager
MARINEMAX OF CALIFORNIA, INC.,
a California corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Assistant Vice President
MARINEMAX OF ARIZONA, INC., an
Arizona corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Vice President
MARINEMAX MIDATLANTIC, LP, a
Delaware limited partnership
By: MarineMax New Jersey GP, Inc., its
general partner
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Vice President
MARINEMAX MOTOR YACHTS, LLC,
a Delaware limited liability company
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Manager
MARINEMAX OF LAS VEGAS, INC., a
Delaware corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Vice President
MARINEMAX OF NORTH
CAROLINA, INC., a North Carolina
corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Vice President
MARINEMAX OF OHIO, INC., a
Delaware corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Vice President
MARINEMAX OF UTAH, INC., a
Delaware corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Vice President
MARINEMAX TX, L.P., a Texas limited
partnership
By: Xxxxx XX, L.L.C., its general partner
By: 11502 Xxxxx, Inc., its sole member
By: /s/ Xxxx X. Xxxxx
--------------------
Xxxx X. Xxxxx
Secretary
MARINEMAX OF GEORGIA, INC., a
Georgia corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Vice President
XXXXXXX BOAT COMPANY, a Florida
corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Vice President
XXXXXXX REALTY, L.L.C., a Delaware
limited liability company
By: MarineMax, Inc., its sole member
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Executive Vice President and Chief
Financial Officer
C & N MARINE REALTY, L.L.C., a
Delaware limited liability company
By: MarineMax, Inc., its sole member
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Executive Vice President and Chief
Financial Officer
GULFWIND SOUTH REALTY, L.L.C.,
a Delaware limited liability company
By: MarineMax, Inc., its sole member
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Executive Vice President and Chief
Financial Officer
XXXXXXXX'X REALTY, L.L.C., a
Delaware limited liability company
By: MarineMax, Inc., its sole member
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Executive Vice President and Chief
Financial Officer
XXXXXXXX'X REALTY CALIFORNIA,
L.L.C., a Delaware limited liability
company
By: MarineMax, Inc., its sole member
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Executive Vice President and Chief
Financial Officer
MARINA DRIVE REALTY I, L.L.C., a
Delaware limited liability company
By: MarineMax, Inc., its sole member
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Executive Vice President and Chief
Financial Officer
MARINA DRIVE REALTY II, L.L.C., a
Delaware limited liability company
By: MarineMax, Inc., its sole member
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Executive Vice President and Chief
Financial Officer
XXXXXX XXXXXX REALTY, L.L.C., a
Delaware limited liability company
By: MarineMax, Inc., its sole member
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Executive Vice President and Chief
Financial Officer
XXXXX XX, L.L.C., a Delaware limited
liability company
By: 11502 Xxxxx, Inc., its sole member
By: /s/ Xxxx X. Xxxxx
--------------------
Xxxx X. Xxxxx
Secretary
MARINEMAX NEW JERSEY GP, INC.,
a Delaware corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Vice President
MARINEMAX NJ PARTNERS, INC., a
Delaware corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Vice President
MARINEMAX OF NEW JERSEY
HOLDINGS, INC., a Delaware corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Vice President
MMX GP, LLC, a Delaware limited
liability company
By: /s/ Xxxx X. Xxxxx
--------------------
Xxxx X. Xxxxx
Authorized Representative
MMX HOLDINGS, LLC, a Delaware
limited liability company
By: /s/ Xxxx X. Xxxxx
--------------------
Xxxx X. Xxxxx
Authorized Representative
MMX INTERESTS, LLC, a Delaware
limited liability company
By: /s/ Xxxx X. Xxxxx
--------------------
Xxxx X. Xxxxx
Authorized Representative
MMX MEMBER, INC., a Delaware
corporation
By: /s/ Xxxx X. Xxxxx
--------------------
Xxxx X. Xxxxx
Authorized Representative
MMX PARTNERS, INC., a Delaware
corporation
By: /s/ Xxxx X. Xxxxx
--------------------
Xxxx X. Xxxxx
Authorized Representative
MMX VENTURES, LP, a Delaware
limited partnership
By: MMX GP, LLC, its general partner
By: /s/ Xxxx X. Xxxxx
--------------------
Xxxx X. Xxxxx
Authorized Representative
11502 XXXXX, INC., a Nevada
corporation
By: /s/ Xxxx X. Xxxxx
--------------------
Xxxx X. Xxxxx
Secretary
XXXXX XX, INC., a Nevada corporation
By: /s/ Xxxx X. Xxxxx
--------------------
Xxxx X. Xxxxx
Secretary
NEWCOAST FINANCIAL SERVICES,
INC., a Delaware corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Vice President
MARINEMAX SERVICES, INC., a
Delaware corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Vice President
MARINEMAX U.S.A., INC., a Nevada
corporation
By: /s/ Xxxx X. Xxxxx
--------------------
Xxxx X. Xxxxx
Secretary
DELAWARE AVLEASE, LLC, a
Delaware limited liability company
By: /s/ Xxxx X. Xxxxx
--------------------
Xxxx X. Xxxxx
Authorized Representative
MARINEMAX OF COLORADO, INC., a
Delaware corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Vice President
MARINEMAX INTERNATIONAL,
LLC, a Delaware limited liability company
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Manager
BOATING GEAR CENTER, INC., a
Delaware corporation
By: /s/ Xxxxxxx X. XxXxxx
------------------------
Xxxxxxx X. XxXxxx
Vice President
"LENDERS"
KEYBANK NATIONAL ASSOCIATION
By: /s/ Xxxxx X. XxXxxxxx
---------------------------------------
Name: Xxxxx X. XxXxxxxx
---------------------------------
Title: Vice President
--------------------------------
BANK OF AMERICA, N.A.
By: /s/ Xxxx X. Xxxxx
---------------------------------------
Name: Xxxx X. Xxxxx
---------------------------------
Title: Vice President
--------------------------------
GE COMMERCIAL DISTRIBUTION
FINANCE CORPORATION, a Delaware
corporation
By: /s/ Xxxxxxxxxxx X. Meals
---------------------------------------
Name: Xxxxxxxxxxx X. Meals
---------------------------------
Title: Executive Vice President
--------------------------------
NATIONAL CITY BANK, a national
banking association
By: /s/ Xxxxx X. Xxxx
---------------------------------------
Name: Xxxxx X. Xxxx
---------------------------------
Title: Assistant Vice President
--------------------------------
"ADMINISTRATIVE AGENT"
KEYBANK NATIONAL ASSOCIATION
By: /s/ Xxxxx X. XxXxxxxx
---------------------------------------
Name: Xxxxx X. XxXxxxxx
---------------------------------
Title: Vice President
--------------------------------
"COLLATERAL AGENT" AND
"DOCUMENTATION AGENT"
BANK OF AMERICA, N.A.
By: /s/ Xxxx X. Xxxxx
---------------------------------------
Name: Xxxx X. Xxxxx
---------------------------------
Title: Vice President
--------------------------------
