EXHIBIT 10.17 Amendment No. 1 --------------- Reference is made to that certain Revolving Loan agreement dated as of February 17, 1995 (the "Loan Agreement") among The Vons Companies, Inc., Bank of America National Trust and Savings Association, as...
EXHIBIT 10.17
Amendment No. 1
---------------
Reference is made to that certain Revolving Loan
agreement dated as of February 17, 1995 (the "Loan Agreement")
among The Vons Companies, Inc., Bank of America National Trust
and Savings Association, as Documentation Agent, The Chase
Manhattan Bank, N.A., as Administrative Agent and the Banks
party thereto. Terms defined in the Loan Agreement are used
herein with the same meanings.
Borrower, the Administrative Agent and the Banks
hereby agree as follows:
1. "Applicable Commitment Fee Rate" The definition of
------------------------------
"Applicable Commitment Fee Rate" in Section 1.1 of the Loan
---
Agreement is amended to read as follows:
"Applicable Commitment Fee Rate" means, for
------------------------------
each Pricing Period, the rate set forth below
(expressed in basis points) opposite the
Applicable Pricing Level for that Pricing
Period:
Pricing Level Rate
------------- ----
I 10.00
II 12.50
III 12.50
IV 15.00
V 20.00
VI 25.00
VII 31.25"
2. "Applicable Eurodollar Rate Margin" The definition
---------------------------------
of "Applicable Eurodollar Rate Margin" in Section 1.1 of the
---
Loan Agreement is hereby amended to read as follows:
"Applicable Eurodollar Rate Margin"
---------------------------------
means, for each Pricing Period, the
interest rate set forth below
(expressed in basis points) opposite the
Applicable Pricing Level for that Pricing
Period:
Pricing Level Margin
------------- ------
I 22.50
II 25.00
III 32.50
IV 37.50
V 50.00
- 1 -
VI 62.50
VII 75.00
3. "Applicable Standby Letter of Credit Fee Rate" The
--------------------------------------------
definition of "Applicable Standby Letter of Credit Fee Rate" in
Section 1.1 of the Loan Agreement is hereby amended to read as
-----------
follows:
"Applicable Standby Letter of Credit
-----------------------------------
Fee Rate" means, for each Pricing Period,
--------
the rate set forth below (expressed in
basis points) opposite the Applicable
Pricing Level for that Pricing Period:
Pricing Level Rate
------------- ----
I 12.50
II 15.00
III 22.50
IV 27.50
V 40.00
VI 52.50
VII 65.00
4. "Applicable Pricing Level" The definition of
------------------------
"Applicable Pricing Level" in Section 1.1 of the Loan Agreement
-----------
is hereby amended to read as follows:
"Applicable Pricing Level" means, for each
------------------------
Pricing Period, the pricing level set forth
below opposite the pricing criteria achieved by
Borrower as of the first day of that Pricing
Period (and, if such pricing criteria are set
forth opposite different pricing levels, then
the pricing level set forth below that is more
favorable to Borrower):
Level Pricing Criteria
----- ----------------------------------
Interest Senior
Coverage Ratio Debt Rating
-------------- -----------
I Equal to or At least
greater than 5.75 A or A2
II Equal to or A- or A3
greater than 5.25
but less than
5.75 to 1.00
- 2 -
III Equal to or BBB+ or
greater than 4.75 Baa1
but less than
5.25 to 1.00
IV Equal to or BBB or
greater than 4.25 Baa2
to 1.00 but less
than 4.75 to 1.00
V Equal to or BBB- or
greater than 3.75 Baa3
to 1.00 but less
than 4.25 to 1.00
VI Equal to or BB+ or
greater than 3.00 Ba1
to 1.00 but less
than 3.75 to 1.00
VII Less than 3.00 to Below
1.00 BB+ or
Ba1
5. Counterparts. This Amendment may be executed in
------------
counterparts in accordance with Section 11.7 of the Loan
----
Agreement.
6. Confirmation. In all other respects, the Loan
------------
Agreement is hereby confirmed.
Dated as of August 4 , 1995.
---
THE VONS COMPANIES, INC.
By /S/ Xxxxxx Xxxxx
-------------------------------------------
Its Xxxxxx X. Xxxxx, E.V.P. & C.F.O.
--------------------------------------
[Printed Name and Title]
By /S/ X. X. Xxxxxxx
-------------------------------------------
Its Xxxxxxxx X. Xxxxxxx, E.V.P & General Counsel
-------------------------------------
[Printed Name and Title]
- 3 -
THE CHASE MANHATTAN BANK, N.A.,
as Administrative Agent
By /S/ Xxxxx Gutrog
-------------------------------------------
Its Xxxxx Gutrog V.P
--------------------------------------
[Printed Name and Title]
THE CHASE MANHATTAN BANK, N.A.,
as a Bank
By /S/ Xxxxx Gutrog
-------------------------------------------
Its Xxxxx Gutrog V.P
---------------------------------------
[Printed Name and Title]
BANK OF AMERICA NATIONAL TRUST
AND SAVINGS ASSOCIATION,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
THE BANK OF NOVA SCOTIA,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
- 4 -
THE CHASE MANHATTAN BANK, N.A.,
as Administrative Agent
By
-------------------------------------------
Its
---------------------------------------
[Printed Name and Title]
THE CHASE MANHATTAN BANK, N.A.,
as a Bank
By
-------------------------------------------
Its
---------------------------------------
[Printed Name and Title]
BANK OF AMERICA NATIONAL TRUST
AND SAVINGS ASSOCIATION,
as a Bank
By /s/ Xxxx X. Xxxx
-------------------------------------------
Xxxx X. Xxxx
Its Vice President
--------------------------------------
[Printed Name and Title]
THE BANK OF NOVA SCOTIA,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
THE CHASE MANHATTAN BANK, N.A.,
as Administrative Agent
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
- 4 -
THE CHASE MANHATTAN BANK, N.A.,
as a Bank
By
-------------------------------------------
Its
---------------------------------------
[Printed Name and Title]
BANK OF AMERICA NATIONAL TRUST
AND SAVINGS ASSOCIATION,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
THE BANK OF NOVA SCOTIA,
as a Bank
By /s/ Xxxxx Xxxxxxx
-------------------------------------------
Its Sr. Relationship Mgr.
--------------------------------------
[Printed Name and Title]
Xxxxx Xxxxxxx
- 4 -
CITICORP USA, INC.,
as a Bank
By /S/ X. X. Xxxxxxx
-------------------------------------------
X. X. Xxxxxxx
Its Vice President
--------------------------------------
[Printed Name and Title]
NATIONSBANK OF TEXAS, N.A.,
as a Bank
By
-------------------------------------------
Its
---------------------------------------
[Printed Name and Title]
ABN AMRO BANK N.V.,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
FIRST INTERSTATE BANK OF CALIFORNIA,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
- 5 -
CITICORP USA, INC.,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
NATIONSBANK OF TEXAS, N.A.,
as a Bank
By /s/ X. X. XXXXXXXX
-------------------------------------------
Its Xxxxxxx X. Xxxxxxxx - Senior Vice President
---------------------------------------
[Printed Name and Title]
ABN AMRO BANK N.V.,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
FIRST INTERSTATE BANK OF CALIFORNIA,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
- 5 -
CITICORP USA, INC.,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
NATIONSBANK OF TEXAS, N.A.,
as a Bank
By
-------------------------------------------
Its
---------------------------------------
[Printed Name and Title]
ABN AMRO BANK N.V.,
as a Bank
By /s/ XXXXX X. XXXXXXX XXXX X XXXXXX
-------------------------------------------
Xxxxx X. Xxxxxxx
Its Assistant Vice President Xxxx X. Xxxxxx
--------------------------------------
[Printed Name and Title] Vice President
FIRST INTERSTATE BANK OF CALIFORNIA,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
- 5 -
CITICORP USA, INC.,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
NATIONSBANK OF TEXAS, N.A.,
as a Bank
By
-------------------------------------------
Its
---------------------------------------
[Printed Name and Title]
ABN AMRO BANK N.V.,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
FIRST INTERSTATE BANK OF CALIFORNIA,
as a Bank
By /s/ X. X. XXXXX
-------------------------------------------
Xxxxxxx X. Xxxxx
Its Senior Vice President
--------------------------------------
[Printed Name and Title]
- 5 -
FIRST NATIONAL BANK OF CHICAGO,
as a Bank
By /s/ L. XXXX XXXXX
-------------------------------------------
L. Xxxx Xxxxx
Its Senior Vice President
--------------------------------------
[Printed Name and Title]
SOCIETE GENERALE,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
UNION BANK,
as a Bank
By
-------------------------------------------
Its
---------------------------------------
[Printed Name and Title]
BANK OF HAWAII,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
- 6 -
FIRST NATIONAL BANK OF CHICAGO,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
SOCIETE GENERALE,
as a Bank
By /s/ XXXXXXX XXXXX
-------------------------------------------
XXXXXXX X. XXXXX
Its Vice President
--------------------------------------
[Printed Name and Title]
UNION BANK,
as a Bank
By
-------------------------------------------
Its
---------------------------------------
[Printed Name and Title]
BANK OF HAWAII,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
- 6 -
FIRST NATIONAL BANK OF CHICAGO,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
SOCIETE GENERALE,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
UNION BANK,
as a Bank
By /s/ XXX X. XXXXXX
-------------------------------------------
Its Xxx X. Xxxxxx, Vice President
---------------------------------------
[Printed Name and Title]
BANK OF HAWAII,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
- 6 -
FIRST NATIONAL BANK OF CHICAGO,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
SOCIETE GENERALE,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
UNION BANK,
as a Bank
By
-------------------------------------------
Its
---------------------------------------
[Printed Name and Title]
BANK OF HAWAII,
as a Bank
By /s/ XXXXX X. XXXXXXX
-------------------------------------------
Its XXXXX X. XXXXXXX - VICE PRESIDENT
--------------------------------------
[Printed Name and Title]
- 6 -
CHEMICAL BANK,
as a Bank
By /s/ XXXX X. BZLAN
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
CREDIT LYONNAIS LOS ANGELES BRANCH,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
THE INDUSTRIAL BANK OF JAPAN, LTD.,
LOS ANGELES AGENCY,
as a Bank
By
-------------------------------------------
Its
---------------------------------------
[Printed Name and Title]
PNC BANK, NATIONAL ASSOCIATION,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
- 7 -
CHEMICAL BANK,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
CREDIT LYONNAIS LOS ANGELES BRANCH,
as a Bank
By /s/ XXXXXXX XXXXXXX
-------------------------------------------
Xxxxxxx Xxxxxxx
Its Vice President
--------------------------------------
[Printed Name and Title]
THE INDUSTRIAL BANK OF JAPAN, LTD.,
LOS ANGELES AGENCY,
as a Bank
By
-------------------------------------------
Its
---------------------------------------
[Printed Name and Title]
PNC BANK, NATIONAL ASSOCIATION,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
CREDIT LYONNAIS CAYMAN ISLAND BRANCH,
as a Bank
By /s/ XXXXXXX XXXXXXX
-------------------------------------------
Xxxxxxx Xxxxxxx
Authorized Signatory
- 7 -
CHEMICAL BANK,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
CREDIT LYONNAIS LOS ANGELES BRANCH,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
THE INDUSTRIAL BANK OF JAPAN, LTD.,
LOS ANGELES AGENCY,
as a Bank
By /s/ X. XXXXXXX
-------------------------------------------
Its Xxxxxxxx Xxxxxxx, Joint General Manager
---------------------------------------
[Printed Name and Title]
PNC BANK, NATIONAL ASSOCIATION,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
- 7 -
CHEMICAL BANK,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
CREDIT LYONNAIS LOS ANGELES BRANCH,
as a Bank
By
-------------------------------------------
Its
--------------------------------------
[Printed Name and Title]
THE INDUSTRIAL BANK OF JAPAN, LTD.,
LOS ANGELES AGENCY,
as a Bank
By
-------------------------------------------
Its
---------------------------------------
[Printed Name and Title]
PNC BANK, NATIONAL ASSOCIATION,
as a Bank
By /s/ XXXXXXX X. XXXXXX
-------------------------------------------
Xxxxxxx X. Xxxxxx
Its Vice President
--------------------------------------
[Printed Name and Title]
- 7 -
THE TOKAI BANK, LTD.
LOS ANGELES AGENCY,
as a Bank
By /s/ XXXXXX XXXX
-------------------------------------------
Its Xxxxxx Xxxx, Joint General Manager
--------------------------------------
[Printed Name and Title]
- 8 -
