EXHIBIT 10.2
AMENDMENT NO. 2
This Amendment No. 2 (this "Amendment"), dated as of June 1, 1999, is
among Transportation Components, Inc., d/b/a TransCom USA, a Delaware
corporation (the "Borrower"), the Lenders party to the Credit Agreement (defined
below) and The First National Bank of Chicago, as Agent.
WITNESSETH:
WHEREAS, the Borrower, the Lenders and the Agent are parties to that
certain Credit Agreement dated as of June 24, 1998 (as amended, the "Credit
Agreement") and the other Loan Documents referred to therein; and
WHEREAS, the Borrower, the Lenders and the Agent desire to amend the
Credit Agreement in order to amend certain provisions thereof;
NOW, THEREFORE, in consideration of the premises and the undertakings set
forth herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:
1. DEFINITIONS. Capitalized terms used herein and not otherwise defined
herein shall have the meanings attributed to them in the Credit Agreement.
2. AMENDMENT. The first sentence of Section 7.4(A) of the Credit Agreement
is hereby amended to read in its entirety as follows:
"(A) FIXED CHARGE COVERAGE RATIO. The Borrower shall maintain a
ratio ("FIXED CHARGE COVERAGE RATIO") of (i) the sum of (a) EBITDA, MINUS
(b) depreciation expense, to the extent included in the calculation of
EBITDA, PLUS (c) Rentals of the Borrower and its consolidated Subsidiaries
to (ii) the sum of (a) Interest Expense, PLUS (b) Rentals PLUS (c)
scheduled amortization of the principal portion of any Indebtedness, in
each case for the Borrower and its consolidated Subsidiaries of at least
2.00 to 1.00 for each fiscal quarter commencing with the fiscal quarter
ending June 30, 1999 and each fiscal quarter thereafter."
3. REPRESENTATIONS AND WARRANTIES. In order to induce the Agent and the
Lenders to enter into this Amendment, the Borrower hereby represents and
warrants to the Agent and the Lenders as of the date of this Amendment that:
(a) There exists no Default or Unmatured Default and the execution
of this Amendment shall not create a Default or Unmatured Default.
(b) The representations and warranties contained in Article VI of
the Credit Agreement are true and correct as of the date of this
Amendment.
4. EFFECT ON THE CREDIT AGREEMENT. Except as expressly amended hereby, all
of the representations, warranties, terms, covenants and conditions of the
Credit Agreement and the other Loan Documents (a) shall remain unaltered, (b)
shall continue to be, and shall remain, in full force and effect in accordance
with their respective terms, and (c) are hereby ratified and confirmed in all
respects. Upon the effectiveness of this Amendment, all references in the Credit
Agreement (including references in the Credit Agreement as amended by this
Amendment) to "this Agreement" (and all indirect references such as "hereby",
"herein", "hereof" and "hereunder") shall be deemed to be references to the
Credit Agreement as amended by this Amendment.
5. LEGAL EXPENSES. The Borrower agrees to reimburse the Agent for
reasonable legal fees and expenses incurred by attorneys for the Agent
(who may be employees of the Agent) in connection with the preparation,
negotiation and consummation of this Amendment and the transactions
contemplated herein.
6. MISCELLANEOUS.
(a) This Amendment may be executed in counterparts and by the
different parties hereto on separate counterparts each of which, when so
executed and delivered, shall be deemed an original, and all of which
taken together shall constitute one and the same agreement.
(b) This Amendment shall be effective as of the date first above
written; PROVIDED, THAT, the Agent has received executed counterparts of
this Amendment from the Borrower, the Agent and the Required Lenders.
IN WITNESS WHEREOF, the Borrower, the Agent and the Lenders that sign
below have executed this Amendment as of the date first above written.
TRANSPORTATION COMPONENTS, INC. ,
As the Borrower
By: /S/ XXX XXXXXXXXX
Name: Xxx XxXxxxxxx
Title: Senior Vice President & Chief
Financial Officer
THE FIRST NATIONAL BANK OF CHICAGO,
as Agent and as a Lender
By: /S/ XXXXX X. XXXXX
Name: Xxxxx X. Xxxxx
Title: Managing Director
SOUTHTRUST BANK, NATIONAL ASSOCIATION
By: /S/ XXXXXX X. XXXXXX, XX.
Name: Xxxxxx X. Xxxxxx, Xx.
Title: Vice President
NATIONSBANK, N.A. (successor to NATIONSBANK
OF TEXAS, N.A.)
By: /S/ XXXXXXX X. XXXXXXX, XX.
Name: Xxxxxxx X. Xxxxxxx, Xx.
Title: Vice President
UNION BANK OF CALIFORNIA, N.A.
By: /S/ J. XXXXX XXXXXX
Name: J. Xxxxx Xxxxxx
Title: Vice President
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