SECOND AMENDMENT
This SECOND AMENDMENT (this "Amendment") dated as of October 20, 2003 is
among THE XXXXXX MONDAVI CORPORATION and R.M.E., INC. (each a "Borrower" and
together the "Borrowers"), various Lenders (as defined in the Credit Agreement
referred to below) and BANK OF AMERICA, N.A., as administrative agent for the
Lenders (in such capacity, the "Administrative Agent"), Swing Line Lender and
L/C Issuer.
WHEREAS, the Borrowers, the Lenders, the Swing Line Lender, the L/C Issuer
and the Administrative Agent are parties to a Credit Agreement dated as of
December 14, 2001, as amended (the "Credit Agreement"); and
WHEREAS, the parties hereto desire to amend the Credit Agreement as set
forth below;
NOW, THEREFORE, the parties hereto agree as follows:
ARTICLE I
DEFINED TERMS
Unless otherwise defined in this Amendment, capitalized terms used herein
shall have the respective meanings assigned to such terms in the Credit
Agreement.
ARTICLE II
AMENDMENT TO CREDIT AGREEMENT
Upon the effectiveness of this Amendment pursuant to Article III, Section
7.14.1 of the Credit Agreement shall be amended in its entirety to read as
follows:
"7.14.1. Fixed Charge Coverage Ratio. Permit the Fixed Charge Coverage
Ratio at the end of any Computation Period to be less than (a) 1.50 to 1.00 as
of the end of any Computation Period ending prior to June 30, 2004 and (b) 1.75
to 1.00 as of the end of any Computation Period on or after June 30, 2004."
ARTICLE III
EFFECTIVENESS
This Amendment shall become effective when the Administrative Agent shall
have received counterparts of this Amendment duly executed by the Borrowers and
the Required Lenders (it being understood that the Administrative Agent may rely
on a facsimile counterpart signature page hereof for purposes of determining
whether a party hereto has executed a counterpart hereof).
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ARTICLE IV
MISCELLANEOUS
4.1 Counterparts. This Amendment may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when
executed and delivered shall be deemed to be an original and all of which taken
together shall constitute but one and the same instrument.
4.2 Governing Law. This Amendment shall be governed by, and construed in
accordance with, the laws of the State of California.
4.3 References to Agreement. Upon the effectiveness of this Amendment, (a) each
reference in the Credit Agreement to "this Agreement," "hereunder," "hereof,"
"herein" or words of like import shall mean and be a reference to the Amended
Agreement and (b) each reference to the "Credit Agreement" in any other Loan
Document shall mean and be a reference to the Amended Agreement.
[Signatures Follow]
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective duly authorized officers, effective as of the date
first above written.
THE XXXXXX MONDAVI CORPORATION
By: ___________________
Name: ___________________
Title: ___________________
R.M.E, INC.
By: ___________________
Name: ___________________
Title: ___________________
BANK OF AMERICA, N.A., as
Administrative Agent
By: ___________________
Name: ___________________
Title: ___________________
BANK OF AMERICA, N.A., as a Lender, L/C Issuer and Swing
Line Lender
By: ___________________
Name: ___________________
Title: ___________________
COOPERATIEVE CENTRALE RAIFFEISEN - BOERENLEENBANK B.A.,
"RABOBANK INTERNATIONAL," NEW YORK BRANCH, as Documentation
Agent and as a Lender
By: ___________________
Name: ___________________
Title: ___________________
By: ___________________
Name: ___________________
Title: ___________________
BANK OF THE WEST
(successor in interest to United California Bank)
By: ___________________
Name: ___________________
Title: ___________________
U.S. BANK NATIONAL ASSOCIATION
By: ___________________
Name: ___________________
Title: ___________________
BNP PARIBAS
By: ___________________
Name: ___________________
Title: ___________________
