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EXHIBIT 4.19
CONSENT AND AMENDMENT OF SECURITY DOCUMENTS
THIS AGREEMENT, dated as of February 4, 1999, is by each of the
undersigned in favor of NBD Bank, as Agent (as defined below) for the Lenders
(as defined below) and in favor of each of the Lenders.
RECITALS:
A. Oxford Automotive, Inc. (the "Company"), the borrowing subsidiaries
and lenders party thereto and NBD Bank, as agent, executed a Credit Agreement
dated as of June 24, 1997 (as amended, the "Existing Credit Agreement").
B. In connection with the Existing Credit Agreement, each of the
undersigned executed the agreements and documents described on Schedule 1 hereto
(the "Security Documents").
C. Pursuant to an Amended and Restated Credit Agreement dated as of the
date hereof (as amended, modified, restated or refinanced from time to time the
"Credit Agreement") among the Company, the borrowing subsidiaries party thereto
(the "Borrowing Subsidiaries", and collectively with the Company, the
"Borrowers"), the lenders party thereto (the "Lenders") and NBD Bank, as agent
for the Lenders (in such capacity, the "Agent"). The indebtedness and
obligations under the Credit Agreement are the same indebtedness and obligations
existing under the Existing Credit Agreement plus additional indebtedness, and
all indebtedness and other obligations pursuant to the Credit Agreement are
entitled to the same collateral with the same priority as all indebtedness and
obligations pursuant to the Existing Credit Agreement.
D. Each of the undersigned and the Lenders desire to amend the Security
Documents as stated herein.
AGREEMENT
Based upon these recitals, each of the undersigned hereby agrees as
follows:
SECTION 1. Amendments. Each of the undersigned agrees that the Security
Documents shall be amended as follows: Any reference in any Security Document to
(a) the Existing Credit Agreement shall be deemed a reference to the Credit
Agreement, (b) any promissory notes shall be deemed a reference to the term
"Notes" as defined in the Credit Agreement, (c) the terms "Loan", "Loans",
"Advance" or "Advances" shall be deemed references to "Loan", "Loans", "Advance"
or "Advances" as such terms are defined in the Credit Agreement, (d) the terms
"Security Document" or "Security Documents" shall be deemed references to
"Security Document" or "Security Documents" as such terms are defined in the
Credit Agreement, (e) the term "Lenders" shall be deemed a reference to the
Lenders under the Credit Agreement, (f) the
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term "Agent" shall be deemed a reference to the Agent under the Credit
Agreement, and (g) any Event of Default under the Credit Agreement shall be
deemed an Event of Default or event of default or default, as the case may be,
under each Security Document.
SECTION 2. Representations. Each of the undersigned hereby represents
and warrants that after giving effect to the Credit Agreement, the
representations and warranties contained in each of the Security Documents are
true and correct in all material respects on and as of the effective date hereof
with the same force and effect as if made on such effective date.
SECTION 3. Ratification. Except as amended hereby, each Security
Document is hereby ratified and confirmed and shall remain in full force and
effect, and each of the undersigned hereby acknowledge that, as of the date
hereof, it has no defense, offset, counterclaim or other claim or dispute with
respect to any Security Document.
SECTION 4. Continuation of Security Interests, Etc. Each of the
undersigned acknowledges, agrees and represents that (a) all collateral granted
by the Security Documents continues with the same priority as originally granted
and secures, among other liabilities, all present and future indebtedness,
obligations and liabilities pursuant to the Credit Agreement, the Notes, the
Hedging Agreements with any Lender and the Security Documents and other Loan
Documents, including without limitation all Loans made, and Letters of Credit
issued, pursuant thereto and all fees and expenses owing thereunder and (b) the
initial Advances under the Credit Agreement refinance, and are issued in
exchange and replacement for and shall not be deemed a novation or satisfaction
of, among other secured debt, the indebtedness and other liabilities thereunder
for purposes of the Security Documents. If there is any conflict between the
Security Documents and the Credit Agreement as to the order of the application
of the proceeds of any collateral, the provisions of the Credit Agreement shall
control.
SECTION 5. Defined Terms. All the terms used but not defined herein
shall have the meaning ascribed thereto in the Credit Agreement.
SECTION 6. Counterparts, Etc. This Agreement may be executed in any
number of counterparts, and any of the parties hereto may execute this Agreement
by executing any such counterpart. In case any provision contained herein is
invalid or unenforceable, such invalidity or unenforceability shall not in any
way affect the legality, validity or enforceability of any other provision.
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IN WITNESS WHEREOF, each of the undersigned has caused this Agreement
to be duly executed as of the day and year first above written.
OXFORD AUTOMOTIVE, INC.
By:
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Its:
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BIG NORTH AMERICA LIMITED
OXFORD SUSPENSION LTD.
BIG HOLDINGS INC.
976459 ONTARIO LIMITED
829500 ONTARIO LIMITED
RPI HOLDINGS, INC.
XXXXXXX XXXXX CORPORATION
CREATIVE FABRICATION CORPORATION
WINCHESTER FABRICATION CORPORATION
PARALLEL GROUP INTERNATIONAL, INC.
CONCEPT MANAGEMENT CORPORATION
XXXXX XXXXX CAPITAL CORPORATION
XXXXXX INDUSTRIES, INC.
OXFORD SUSPENSION, INC.
RPI, INC.
PRUDENVILLE MANUFACTURING, INC.
OASP, INC.
OASP II, INC.
By:
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Their:
---------------------------------
LASERWELD INTERNATIONAL, L.L.C.
By: Xxxxxxx Xxxxx Corporation,
its sole member
By:
------------------------------------
Its:
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Consent and Amendment of Security Documents
dated as of February 4, 1999
DISCLOSURE SCHEDULES
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Schedule 1(b)
(i) Location of Debtor's Chief Executive Offices
Oxford Automotive, Inc.
0000 Xxxxxxxxxx Xxxxxxx
Xxxx, Xxxxxxxx 00000
Tax Identification No. 00-0000000
Michigan corporation
(ii) Other Offices and Facilities
(a) Oxford Automotive, Inc.
000 Xxxxxxxxxx Xxxxxxx
Xxxx, Xxxxxxxx 00000
(b) Xxxxxx Metal Products
0000 Xxxxx Xxxxxx Xxxxx
Xxxxxxxxx, Xxxxxxx X0X 0X0
Xxxxxx
(c) Del-Tech Metal Products
0 Xxxxxx Xxxxx
Xxxxx, Xxxxxxx X0X 0X0
Xxxxxx
(d) Xxxxxxx Xxxxx Corporation
0000 Xxxx Xxxxxxxx
Xxxx, Xxxxxxxx 00000
(e) Laserweld International, L.L.C.
000 XXX Xxxxx
Xxxxx Xxxxxx, Xxxxxxx 00000
(f) Winchester Fabrication Corporation
200 Inks Drive
X.X. Xxx 000
Xxxxxxxxxx, Xxxxxxx 00000
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(g) Creative Fabrication Corporation
0000 Xxxxxx Xxxxx Xxxx.
Xxxxxx, Xxxxxxxxx 00000
(h) 00000 Xxxx 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000
(i) 0000 Xxxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxx 00000
(j) 000 Xxxxxxxx Xxxxxx
Xxxx, Xxxxxxxx 00000
(k) 000 Xxxxxxxxx Xxxx
Xxxxxxxxxxx, Xxxxxxx 00000
(l) 000 Xxxxxxxx Xxxxxx
Xxxx, Xxxxxxxx 00000
(m) Lapeer
000 Xxxx Xxxx Xxxxxx
Xxxxxx, Xxxxxxxx 00000
(n) Masury
Xxxxxx Xxxx 00
Xxxxxx, Xxxx 00000
(o) Silao
Paseo de Los Industriales
Ple. Lotes 15-19
Parque Industrial Fipasi
Silao, Guanajualo, Mexico 36100
(p) Saltillo
Xxxxx de Saltillo #312
Xxxxx. Xxxxx xx Xxxxxxxx
Xxxxxxxx, Xxxxxxxx 00000
Xxxxxx
(q) Prudenville
0000 Xxxxx Xxxxx
Xxxxxxxxxxx, Xxxxxxxx 00000
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(r) Oscoda
0000 X. Xxxxxx
Xxxxxx, Xxxxxxxx 00000
(s) Chatham
000 Xxxxxxxxx Xxxxx
Xxxxxxx, Xxxxxxx X0X 0X0
Xxxxxx
(t) Wallaceburg
000 Xxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx X0X 0X0
Xxxxxx
(u) Hamilton
X.X. Xxx 00
0000 Xxxxx Xxxxxxxxx Xxxxx
Xxxxxxxx, Xxxxxxx 00000
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Schedule 1(c)
(i) Location of Inventory
(a) Xxxxxx Metal Products
0000 Xxxxx Xxxxxx Xxxxx
Xxxxxxxxx, Xxxxxxx X0X 0X0
Xxxxxx
(b) Del-Tech Metal Products
0 Xxxxxx Xxxxx
Xxxxx, Xxxxxxx X0X 0X0
Xxxxxx
(c) Winchester Fabrication Corporation
000 Xxxx Xxxxx
X.X. Xxx 000
Xxxxxxxxxx, Xxxxxxx 00000
(d) Creative Fabrication Corporation
0000 Xxxxxx Xxxxx Xxxx.
Xxxxxx, Xxxxxxxxx 00000
(e) 00000 Xxxx 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000
(f) 0000 Xxxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxx 00000
(g) 000 Xxxxx Xxxxxxx Xxxx
XX Xxx 0000
Xxxxxx, Xxxx 00000
(h) 000 Xxxxxxxx Xxxxxx
Xxxx, Xxxxxxxx 00000
(i) 000 Xxxxxxxx Xxxxxx
Xxxx, Xxxxxxxx 00000
(j) 000 Xxxxxxxxx Xxxx
Xxxxxxxxxxx, Xxxxxxx 00000
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(ii) Locations of Fixtures, Machinery and Equipment
(a) See (i) above.
(b) Xxxxxxx Tool & Die
00 Xxxxxx Xxxxx
Xxxxxxxxx, Xxxxxxx
Xxxxxx
(c) Fincore
00 Xxxxxxx Xxxxx
Xxxxx 0-0
Xxxxxxxxxxx, Xxxxxxx X0X 0X0
Xxxxxx
(d) Xxxxxxxxxxx Heat Treating Ltd.
0 Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxx
Xxxxxx
(e) Easton Coatings Corporation
00 Xxxxxx Xxxx
Xxxxxxxxx, Xxxxxxx X0X 0X0
Xxxxxx
(f) Camtron Coatings
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(g) Tube Mill
Xxxxxxxx Steel Processing
Xxxxxx, Indiana
(h) Danly Presses
Days Corporation
Elkhart, Indiana
(i) Southwest Warehouse
000 Xxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxx X0X 0X0
Xxxxxx
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(j) Central Detroit Warehouse
00000 Xxxxxx Xxxxx
Xxxxxxxxxx, Xxxxxxxx 00000
(k) Mid States Steel
________ Inks Drive
Xxxxxxxxxx, Xxxxxxx 00000
(l) Huncilman
X.X. Xxx 0000
0000 XxXxxxxx Xxxxxx
Xxx Xxxxxx, Xxxxxxx 00000-0000
(m) Xxxxxxx'x Warehouse
Fort Xxxxx, Indiana
(n) Xxxxxxxx Express
Xxxxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx
Xxxxxx
(o) Xxxxxxxx Express
Gillard Street
Wallaceburg, Ontario
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Schedule 1(h)
See Amended and Restated Credit Agreement Disclosure Schedules.
