Exhibit 10.60
OMNIBUS AMENDMENT
TO
RECEIVABLES PURCHASE AGREEMENT,
RECEIVABLES TRANSFER AGREEMENT
SUPPORT AGREEMENT
AND
PARENT GUARANTY
THIS OMNIBUS AMENDMENT, dated as of December 31, 2005 (this
"Amendment"), is:
(1) Amendment No. 1 to Receivables Purchase Agreement, dated as of
June 25, 2004 (as amended, supplemented or otherwise modified from time to time,
the "Receivables Purchase Agreement"), by and among NALCO COMPANY, a Delaware
corporation ("Nalco Company") and NALCO ENERGY SERVICES, L.P., a Delaware
limited partnership, Nalco Company as Seller Agent and NALCO RECEIVABLES LLC, a
Delaware limited liability company (the "Buyer");
(2) Amendment No. 4 to Receivables Transfer Agreement, dated as of
June 25, 2004 (as amended, supplemented or otherwise modified from time to time,
the "Receivables Transfer Agreement") by and among the Buyer, as Transferor,
Nalco Company, as Collection Agent, JPMorgan Chase Bank, N.A., as Administrative
Agent and the several transferees and funding agents party thereto from time to
time;
(3) Termination of the Support Agreement, executed as of June 25,
2004, by Nalco Company (the "Support Agreement"); and
(4) Amendment No. 1 to Parent Guaranty, dated as of June 25, 2004
(as amended, supplemented or otherwise modified from time to time, the "Parent
Guaranty" and together with the Receivables Purchase Agreement, the Receivables
Transfer Agreement, the "Transaction Agreements") by Nalco Holdings LLC.
RECITALS
Whereas, Nalco Energy Services, L.P. will be merged into Nalco
Company pursuant to Section 263 of the Delaware General Corporation Law
("DGCL"), with Nalco Company as the surviving company on January 1, 2006 ("the
"Merger"). The parties to the Transaction Agreements hereto desire to amend the
Transaction Agreements to reflect the Merger.
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 the Transaction Agreements shall have
the same meanings herein as therein defined.
2. Amendments.
2.1 Upon consummation of the Merger, each reference to "Seller" or
"Sellers" in the Receivables Purchase Agreement shall mean Nalco Company.
2.2 Upon consummation of the Merger, each reference to
"Originator" or "Originators" in the Receivables Transfer Agreement and the
Parent Guaranty shall mean Nalco Company.
2.3 Upon consummation of the Merger, the Support Agreement shall
be terminated.
3. Effect of Amendment. All provisions of the Transaction Agreements,
as expressly amended and modified by this Amendment, shall remain in full force
and effect. After this Amendment becomes effective, all references in any
Transaction Agreement to "this Agreement", "hereof", "herein" or words of
similar effect referring to such Transaction Agreement shall be deemed to be
references to such Transaction 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 Transaction Agreements other than as set forth
herein.
4. Effectiveness. This Amendment shall become effective as of the date
hereof upon receipt by the Administrative Agent of counterparts of this
Amendment (whether by facsimile or otherwise) executed by each of the other
parties hereto, in form and substance satisfactory to the Administrative Agent
in its sole discretion.
5. 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.
6. 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).
7. 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.
IN WITNESS WHEREOF, the parties have executed this Amendment as of
the date first written above.
NALCO COMPANY, as Seller, Seller Agent, and
Collection Agent
By: /s/ Xxxxxxx X. Xxxxxxxx
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Name: Xxxxxxx X. Xxxxxxxx
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Title: Vice President
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NALCO HOLDINGS LLC, as Guarantor
By: /s/ Xxxxxxx X. Xxxxxxxx
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Name: Xxxxxxx X. Xxxxxxxx
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Title: Vice President
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NALCO ENERGY SERVICES, L.P., as Seller
By: /s/ Xxxxxxx X. Xxxxxxxx
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Name: Xxxxxxx X. Xxxxxxxx
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Title: Vice President
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NALCO RECEIVABLES LLC, as Buyer and
Transferor
By: /s/ Xxxxx X. Xxxxxxxx
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Name: Xxxxx X. Xxxxxxxx
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Title: Treasurer
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PARK AVENUE RECEIVABLES COMPANY,
LLC, as a CP Issuer
By: JPMorgan Chase Bank, N.A., as attorney-
in-fact
By: /s/ Xxxxxx Xxxx
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Name: Xxxxxx Xxxx
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Title: Vice President
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JPMORGAN CHASE BANK, N.A., as an APA
Bank, a Funding Agent and as Administrative
Agent
By: /s/ Xxxxxx Xxxx
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Name: Xxxxxx Xxxx
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Title: Vice President
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