AMENDMENT NO. 1 AND CONSENT TO THE CREDIT AGREEMENT AND AMENDMENT NO. 1 TO THE GUARANTEE AND COLLATERAL AGREEMENT
Exhibit 10.21
AMENDMENT NO. 1 AND CONSENT TO THE CREDIT AGREEMENT
AND AMENDMENT NO. 1 TO THE GUARANTEE AND
COLLATERAL AGREEMENT
AND AMENDMENT NO. 1 TO THE GUARANTEE AND
COLLATERAL AGREEMENT
Dated as of August ___, 2006
AMENDMENT NO. 1 AND CONSENT TO THE CREDIT AGREEMENT and AMENDMENT NO. 1 TO THE GUARANTEE AND
COLLATERAL AGREEMENT (collectively, the “Amendment”) among FR X Chart Holdings LLC, a
Delaware limited liability company (“Holdings”), Chart Industries, Inc., a Delaware
corporation (the “Borrower”), as successor in interest to CI Acquisition, Inc., and each of
the Lenders (as defined in the Credit Agreement referred to below) listed on the signature pages
hereto.
PRELIMINARY STATEMENTS:
1. Holdings and the Borrower have entered into that certain Credit Agreement, dated as of
October 17, 2005 (the “Credit Agreement”) with the Lenders party thereto and Citicorp North
America, Inc. (“CNAI”), as Administrative Agent (in such capacity, the “Administrative
Agent”) and as collateral agent for the Lenders. Capitalized terms not otherwise defined in
this Amendment have the same meanings as specified therefor in the Credit Agreement.
2. Pursuant to the Credit Agreement, the Loan Parties have entered into a Guarantee and
Collateral Agreement, dated October 17, 2005, with CNAI, as Collateral Agent.
3. The Borrower intends to consummate an initial public offering (the “Initial Public
Offering”) of its Equity Interests and, in connection therewith, Holdings, the Borrower and the
Lenders have agreed, on the terms and conditions stated below, to amend and modify the Loan
Documents as set forth herein.
4. The Borrower intends to increase the Revolving Credit Commitments under the Credit
Agreement by U.S.$55.0 million in accordance with Section 2.20 of the Credit Agreement as in effect
immediately prior to the Amendment No. 1 Effective Date (as defined herein).
SECTION 1. Amendments to the Credit Agreement. The Credit Agreement is, effective as
of the date on which the applicable conditions precedent set forth in Section 4 have been
satisfied, hereby amended as follows:
(a) Section 1.01 is amended as follows:
(i) The definition of “Borrowing Minimum” is amended by deleting each reference
to the figure “U.S.$2.0 million” and inserting the figure “U.S.$1.0 million” in replacement
of each reference thereof.
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
2
(ii) The definition of “Commitments” is amended in full to read as
follows:
“ ‘Commitments’ shall mean (a) with respect to any Lender, such
Lender’s Revolving Facility Commitment and Term B Loan Commitment, (b) with respect
to any Swingline Lender, its Swingline Commitment and (c) with respect to any
Issuing Bank, its Letter of Credit Commitment, as applicable.”
(iii) The definition of “Consolidated Net Income” is amended by adding “, any
restricted stock plan” immediately after “stock options” in clause (xi) contained therein.
(iv) The definition of “Net Proceeds” is amended by (i) deleting “or” in the
eighth line contained in clause (a) therein and inserting “,” in replacement thereof and
(ii) inserting “or (n)” immediately after “(l)” in the ninth line contained in clause (a)
therein.
(v) The definition of “Permitted Business Acquisition Step-Up Period” is
amended in full to read as follows:
“Permitted Business Acquisition Step-Up Period” shall mean (a) any
period commencing on the first day on which the Leverage Ratio on a Pro Forma Basis
is less than 4.25:1.00 (but greater than or equal to 4.00:1.00) and ending
on the first day thereafter on which the Leverage Ratio on a Pro Forma Basis is
either (i) greater than or equal to 4.25:1.00 or (ii) less than 4.00:1.00 or (b) any
period commencing on the first day on which the Leverage Ratio on a Pro Forma Basis
is less than 4.00:1.00 and ending on the first day thereafter on which the Leverage
Ratio on a Pro Forma Basis is greater than or equal to 4.00:1.00.”.
(vi) The definition of “Revolving Facility Commitment” is amended by deleting
the last two sentences thereof and replacing them with the following:
“The Dollar amount of each Revolving Facility Lender’s Revolving Facility
Commitment as of the Amendment No. 1 Effective Date is set forth on Schedule
2.01, or in the Assignment and Acceptance pursuant to which such Revolving
Facility Lender shall have assumed its Revolving Facility Commitment, as applicable.
The aggregate amount of the Revolving Facility Commitments on the Amendment No. 1
Effective Date is U.S.$115.0 million.”.
(vii) The following new definitions are inserted in the appropriate alphabetical order:
“Amendment No. 1” shall mean Amendment No. 1 and Consent to this
Agreement, dated as of June ___, 2006, among the Borrower and the Lenders party
thereto.
“Amendment No. 1 Effective Date” shall have the meaning specified
in Section 4(a) of Amendment No. 1.
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
3
“Initial Public Offering” shall mean the first underwritten public
offering by the Borrower of its Equity Interests pursuant to a registration
statement filed with the Securities and Exchange Commission in accordance with the
Securities Act.
“Letter of Credit Commitment” shall mean, with respect to each Issuing
Bank, the commitment of such Issuing Bank to issue Letters of Credit pursuant to
Section 2.05, expressed as a Dollar amount, as such commitment may be (a) ratably
reduced from time to time upon any reduction in the Revolving Facility Commitments
pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to
assignments by or to such Issuing Bank under Section 9.04. The Dollar amount of
each Issuing Banks’ Letter of Credit Commitment as of the Amendment No. 1 Effective
Date is set forth on Schedule 2.01, or in the Assignment and Acceptance
pursuant to which such Issuing Bank shall have assumed its Letter of Credit
Commitment, as applicable.
“Regulation S-X” shall mean Regulation S-X promulgated under the
Securities Act.
(b) Section 1.02 is amended by (i) deleting “.” at the end thereof and adding a new proviso at
the end thereof to read as follows:
“; provided further that, notwithstanding the foregoing, upon
and following the acquisition of any business or new Subsidiary in accordance with
this Agreement, in each case that would not constitute a “significant subsidiary”
for purposes of Regulation S-X, financial items and information with respect to such
newly-acquired business or Subsidiary that are required to be included in
determining any financial calculations and other financial ratios contained herein
for any period prior to such acquisition shall not be required to be in accordance
with GAAP so long as the Borrower is able to reasonably estimate pro forma
adjustments in respect of such acquisition for such prior periods, and in each case
such estimates are made in good faith and are factually supportable.”
(c) Article I is amended by adding new Section 1.04 at the end thereof to read as follows:
“SECTION 1.04. Conforming Amendments and Modifications. Technical and
conforming amendments and modifications to the Loan Documents may be made with the
consent of the Borrower and the Administrative Agent as deemed necessary to
integrate and effectuate the release of Holdings from its obligations under the Loan
Documents.”.
(d) Section 2.05(b) is amended by deleting the last sentence thereof in its entirety and
replacing it with the following in place thereof:
“A Letter of Credit shall be issued, amended, renewed or extended only if (and
upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower
shall be deemed to represent and warrant that), after giving effect to
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
4
such issuance, amendment, renewal or extension, (i) the Revolving Facility
Credit Exposure shall not exceed the total Revolving Facility Commitments and (ii)
the aggregate available amount of all Letters of Credit issued by any Issuing Bank
shall not exceed such Issuing Bank’s Letter of Credit Commitment.”.
(e) Section 2.05(c)(ii) is amended by replacing the figure “$35 million” contained in the last
line therein with the figure “$55.0 million”.
(f) Section 2.20(a) is amended (i) by deleting the introductory phrase “At any time following
the completion of the syndication of the Facilities (as reasonably determined by the Administrative
Agent)” and replacing it with “At any time following the Amendment No. 1 Effective Date”; (ii)
deleting the figure “U.S.$50.0 million” and replacing it with the figure “U.S.$100.0 million”; and
(iii) adding a new sentence after “U.S.$10.0 million.” in the eighth line therein to read as
follows:
“Any increase in the Revolving Facility Commitments effectuated pursuant to
this subsection (a) shall be accompanied by an equivalent increase in the Letter of
Credit Commitment provided that each Issuing Bank consents to such
increase.”.
(g) Section 6.01 is amended by adding new subsection (t), as set forth below, and renumbering
existing subsections (t) and (u) as new subsections (u) and (v), respectively:
“(t) Indebtedness of the Borrower and its Subsidiaries in respect of factoring
of receivables from a foreign customer held by the Borrower and its Subsidiaries in
an aggregate principal amount not to exceed U.S.$15.0 million at any time.”.
(h) Section 6.02 is amended by adding new subsection (aa) to read as follows:
“(aa) Liens to secure the Indebtedness of the Borrower and its Subsidiaries
that is permitted to be incurred under Section 6.01(t) solely on the receivables
held by the Borrower and its Subsidiaries and that are subject to the related
factoring programs.”.
(i) Section 6.04 is amended by adding a new subsection (r) to the end of Section 6.04 to read
as follows:
“(r) Investments consisting of the acquisition of Cooler Service Company, Inc.
in an aggregate principal amount not to exceed U.S.$17 million.”.
(j) Section 6.04(j) is amended by replacing the figure “U.S.$100.0 million” with the figure
“U.S.$200.0 million”.
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
5
(k) Section 6.05 is amended by amending the introductory paragraph thereof in full to
read as follows:
“Merge into or consolidate with any other Person, or permit any other Person to merge
into or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one
transaction or in a series of transactions) all or any part of its assets (whether now owned
or hereafter acquired), or issue, sell, transfer or otherwise dispose of any Equity
Interests of any Subsidiary or preferred equity interests of the Borrower (except to the
extent that no cash interest or other cash payments are required in respect thereof), or
purchase, lease or otherwise acquire (in one transaction or a series of transactions) all or
any substantial part of the assets of any other Person, except that this Section shall not
prohibit:”.
(l) Section 6.05 is further amended by adding new section 6.05(n) to read as follows:
“(n) factoring of receivables held by the Borrower and its Subsidiaries as permitted
under Section 6.01(t).”.
(m) Section 6.05 is further amended by deleting the last paragraph thereof and replacing the
following paragraph in place thereof:
“Notwithstanding anything to the contrary contained in Section 6.05 above, (i) no sale,
transfer or other disposition of assets shall be permitted by this Section 6.05 (other than
sales, transfers, leases or other dispositions to Loan Parties pursuant to paragraph (c)
hereof and purchases, sales or transfers pursuant to paragraph (f) hereof) unless such
disposition is for fair market value, (ii) no sale, transfer or other disposition of assets
shall be permitted by paragraph (a), (d), (f) or (k) of this Section 6.05 unless such
disposition is for at least 75% cash consideration and (v) no sale, transfer or other
disposition of assets in excess of U.S.$5.0 million shall be permitted by paragraph (h) of
this Section 6.05 unless such disposition is for at least 75% cash consideration;
provided that for purposes of clauses (i) and (ii), the amount of any secured
Indebtedness or other Indebtedness of a Subsidiary that is not a Loan Party (as shown on the
Borrower’s or such Subsidiary’s most recent balance sheet or in the notes thereto) of the
Borrower or any Subsidiary of the Borrower that is assumed by the transferee of any such
assets shall be deemed cash.”.
(n) Section 6.06(c) is amended by adding “, directors’” immediately after “shareholders’” in
the sixth line therein.
(o) Section 6.06(f) is amended by (i) deleting “;” at the end thereof and (ii) adding the
following at the end thereof:
“, such amount to be increased following the Initial Public Offering to U.S.$15.0
million.”.
(p) Section 6.06 is amended by adding the following new paragraphs (i), (j) and (k) at the end
thereof:
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
6
“(i) from and after the Initial Public Offering, the Borrower may make dividends
and distributions, in each case in accordance with the provision thereof, deemed to occur
upon exercise of stock options or warrants if such Equity Interests represent a portion of
the exercise price of such options or warrants;
(j) from and after the Initial Public Offering, and so long as no Default or Event of
Default has occurred and is continuing, the Borrower may declare, make or pay distributions,
dividends and repurchases in respect of its Equity Interests not otherwise permitted under
this Section 6.06 in an aggregate amount for any fiscal year of the Borrower not to exceed
U.S.$20.0 million; and
(k) the Borrower may declare and pay dividends in an amount equal to the sum of the net
cash proceeds of the Initial Public Offering plus cash payments received by the
Borrower on and after May 1, 2006 upon the exercise by Holdings of its warrant rights
less the aggregate amount of such net cash proceeds applied to (i) redeem the Senior
Subordinated Notes pursuant to, and as permitted by, Section 6.09(b) or (ii) prepay any Term
B Borrowings pursuant to Section 2.11(a).”.
(q) Section 6.07(b)(i) is amended by adding “, including restricted stock plans, stock grants,
directed share program and other stock plans customarily maintained or funded by public companies,”
immediately after “stock ownership plans” contained in the third line therein.
(r) Section 6.09(b)(i) is amended by amending subsection (C) thereof in its entirety to read
as follows:
“(C) with respect to the Senior Subordinated Notes, (x) payments made solely with the
net cash proceeds of the Initial Public Offering for the purpose of redeeming Senior
Subordinated Notes in accordance with the Senior Subordinated Notes Indenture, in an
aggregate amount not to exceed U.S.$60.0 million and (y) so long as no Default or Event of
Default has occurred and is continuing or would result therefrom on and after the Amendment
No. 1 Effective Date, additional purchases and redemptions of Senior Subordinated Notes in
an amount not to exceed U.S.$60.0 million less the aggregate amount of any purchases
and redemptions made pursuant to clause (x) above; provided that, after giving
effect to any such additional redemptions pursuant to this clause (y), the Leverage Ratio
shall be less than 3.00:1.00 calculated on a pro forma basis as of the last day of the most
recently ended fiscal quarter in respect of which financial statements have been delivered
pursuant to Section 5.04; or”.
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
7
(s)
Section 6.10(a) is amended by deleting the chart set forth therein and replacing it in its
entirety with the following:
Year | Amount | |
2006 | $32,500,000 | |
2007 | $25,000,000 | |
2008 | $25,000,000 | |
2009 | $25,000,000 | |
2010 | $25,000,000 |
(t) Article VII is amended by a adding a new section at the end thereof to read as follows:
“SECTION 7.04. Holdings Covenant Release. Upon the occurrence of the
Amendment No. 1 Effective Date:
(a) all of the obligations of Holdings under each of the Loan Documents shall
automatically terminate and, thereafter, any failure on the part of Holdings to comply with
those obligations will not constitute a Default or Event of Default;
(b) except as specifically amended elsewhere in Amendment No. 1 or as set forth in
clause (c) or (d) of this Section 7.04, each reference in Article I to “Holdings” shall be
deemed to be a reference to “the Borrower” or “Subsidiary Loan Party”, as applicable;
(c) each reference to “Holdings” in the definition of “Capital Expenditures”,
“Holdings” and “Holdings LLC Agreement” shall remain unchanged;
(d) each reference to “Holdings” in the definition of “Collateral Agreement”,
“Collateral and Guarantee Requirement”, “Management Group” and “Multiemployer Plan” shall be
deleted (with any conforming changes being deemed made as appropriate);
(e) (i) the obligation of Holdings to make representations and warranties under Article
III and the Collateral Agreement shall automatically terminate, (ii) each reference to
“Holdings” in Article III (other than such reference in Section 3.05(b)) shall be deleted
(with any conforming changes being deemed made as appropriate); and
(f) each reference to “Holdings” in Article V shall be deleted (with any conforming
changes being deemed made as appropriate).”
(u) Schedule 2.01 to the Credit Agreement is hereby replaced with Annex 1 hereto.
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
8
SECTION 2. Amendments to the Guarantee and Collateral Agreement. The Guarantee
and Collateral Agreement is, effective as of the date on which the conditions precedent set forth
in Section 4 have been satisfied, hereby amended as follows:
(a) The definition of “Guarantors” is amended in full to read as follows:
“ “Guarantors” shall mean (a) prior to the Amendment No. 1 Effective
Date, Holdings, the Borrower and each Subsidiary Loan Party and (b) upon and after
the Amendment No. 1 Effective Date, the Borrower and each Subsidiary Loan Party.”
(b) The Guarantee and Collateral Agreement is further amended by (i) deleting the second
reference to Holdings in Section 3.01 and (ii) by replacing each reference to “Holdings” in
Sections 3.03(b), 7.14(b) and the first reference to “Holdings” in Section 3.01 with a reference to
“the Borrower” (in each case, with any conforming changes being deemed made as appropriate).
SECTION 3. Consent. Effective as of the date hereof and subject to the satisfaction
of the conditions precedent set forth in Section 4(a), each Lender party hereto hereby consents to
the automatic release of Holdings from its obligations under the Guarantee and Collateral
Agreement. Upon the occurrence of the Amendment No. 1 Effective Date, all security interests and
other liens granted by Holdings in favor of the Secured Parties in the Collateral of Holdings
(including, without limitation, the pledge of the shares of the Borrower) shall be released, and
the Collateral Agent shall execute and deliver to Holdings, at Holdings’ expense, all documents
that Holdings shall reasonably request to evidence such release and shall assist Holdings in making
any filing in connection therewith.
SECTION 4. Conditions of Effectiveness. (a) This Amendment shall become effective as
of the date when, and only when (the “Amendment No. 1 Effective Date”), each of the following
conditions precedent has been satisfied or waived:
(b) The Administrative Agent shall have received counterparts of this Amendment executed by
Holdings and the Borrower, each of the Required Lenders and each Lender committing to a new or
additional Revolving Facility Commitment or, as to any of such Lenders, advice satisfactory to the
Administrative Agent that such Lender has executed this Amendment, and the Administrative Agent
shall have additionally received certified copies of all documents evidencing any necessary
corporate action and governmental approvals, if any, with respect to this Amendment, the consent
attached hereto (the “Consent”) and the matters contemplated hereby and thereby.
(c) Consummation of Initial Public Offering. The Initial Public Offering shall have
been consummated.
(d) Certificate. The Administrative Agent shall have received a certificate of an
officer of the Borrower certifying that (x) the representations and warranties set forth in
Article III of the Credit Agreement shall be true and correct in all material respects on and as
of the Amendment No. 1 Effective Date with the same effect as though made on and as of such
date, except to the extent such representations and warranties expressly relate to an earlier date
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
9
(in which case such representations and warranties shall be true and correct in all material
respects as of such earlier date) and (y) on the Amendment No. 1 Effective Date, no Event of
Default or Default shall have occurred and be continuing.
(e) Fees and Expenses. All reasonable and documented accrued fees and expenses of
the Administrative Agent (including the reasonable fees and expenses of Shearman & Sterling LLP,
counsel for the Administrative Agent, for which invoices shall have been provided to the Borrower
at least two Business Days prior to the Amendment No. 1 Effective Date) shall have been paid.
SECTION 5. Representations and Warranties of Holdings and the Borrowers. Each of
Holdings and the Borrowers represents and warrants as follows:
(a) The execution, delivery and performance by Holdings and the Borrower of this Amendment and
the performance by Holdings and the Borrower of the Credit Agreement, as amended hereby, have been
duly authorized by all necessary limited liability company or corporate action.
(b) This Amendment has been duly executed and delivered by Holdings and the Borrower. This
Amendment and the Credit Agreement, as amended hereby, constitute the legal, valid and binding
obligations of the Borrower, enforceable against the Borrower in accordance with their respective
terms, subject to the effect of any applicable bankruptcy, insolvency, reorganization, moratorium
or similar law affecting creditors’ rights generally, and subject to the effects of general
principles of equity (regardless whether considered in a proceeding in equity or at law and implied
covenants of good faith and fair dealing).
SECTION 6. Reference to and Effect on the Credit Agreement and the other Loan
Documents. (a) On and after the effectiveness of this Amendment, each reference in the Credit
Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the
Credit Agreement, and each reference in the Notes and each of the other Loan Documents to “the
Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit
Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Amendment.
(b) The Credit Agreement, the Notes and each of the other Loan Documents, as specifically
amended by this Amendment, are and shall continue to be in full force and effect and are hereby in
all respects ratified and confirmed. Without limiting the generality of the foregoing, the
Collateral Documents and all of the Collateral described thereof do and shall continue to secure
the payment of all Obligations of the Loan Parties under the Loan Documents.
(c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly
provided herein, operate as a waiver of any right, power or remedy of any Lender or Agent under any
of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.
SECTION 7. Execution in Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
10
constitute but one and the same agreement. Delivery of an executed counterpart of a signature
page to this Amendment by telecopier shall be effective as delivery of a manually executed
counterpart of this Amendment.
SECTION 8. Governing Law. This Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York.
[The remainder of this page is intentionally left blank]
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written.
FR X CHART HOLDINGS LLC, | ||||
as Holdings | ||||
By: | ||||
Name: | ||||
Title: | ||||
CHART INDUSTRIES, INC., as the Borrower | ||||
By: | ||||
Name: | ||||
Title: |
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
CITIGROUP GLOBAL MARKETS INC., | ||||
as Joint Lead Arranger and Joint Book Manager | ||||
By: | ||||
Name: | ||||
Title: | ||||
CITICORP NORTH AMERICA, INC., | ||||
as Administrative Agent, as Lender and L/C | ||||
Issuing Bank | ||||
By: | ||||
Name: | ||||
Title: |
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
XXXXXX XXXXXXX SENIOR FUNDING, INC., | ||||
as Lender | ||||
By: | ||||
Name: | ||||
Title: |
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
NATEXIS BANQUES POPULAIRES, | ||||
as Joint Lead Arranger and Joint Book Manager | ||||
By: | ||||
Name: | ||||
Title: |
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
SOVEREIGN BANK, as Lender | ||||
By: | ||||
Name: | ||||
Title: |
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
CONSENT
Dated as of June ____, 2006
Reference is made to (a) Amendment No. 1 and Consent to the Credit Agreement and Amendment No.
1 to the Guarantee and Collateral Agreement, dated as of June ___, 2006 (collectively, the
“Amendment”), (b) the Credit Agreement dated as of October 17, 2005 (the “Credit
Agreement”) among FR X Chart Holdings LLC, a Delaware limited liability company
(“Holdings”), Chart Industries, Inc., a Delaware corporation (the “Borrower”), as
successor in interest to CI Acquisition, Inc., the Lenders party thereto, Citicorp North America,
Inc. (“CNAI”), as Administrative Agent (in such capacity, the “Administrative
Agent”) and as collateral agent (the “Collateral Agent”) for the Lenders, Xxxxxx
Xxxxxxx Senior Funding, Inc. (“MS”), as Syndication Agent, Citigroup Global Markets Inc.,
and MS, as Joint Lead Arrangers and Joint Book Managers, and Natexis Banques Populaires and
Sovereign Bank, as Co-Documentation Agents and (c) the other Loan Documents referred to thereof.
Capitalized terms not otherwise defined in this Consent have the same meanings as specified in the
Credit Agreement.
The undersigned, as parties to one or more of the Loan Documents, each hereby consents to the
execution, delivery and the performance of the Amendment and agrees that each of the Loan Documents
to which it is a party is, and shall continue to be, in full force and effect and is hereby in all
respects ratified and confirmed as of the Amendment No. 1 Effective Date (as defined in the
Amendment), except that, on and after the Amendment No. 1 Effective Date, each reference to “the
Credit Agreement”, “thereunder”, “thereof”, “thereof” or words of like import referring to the
Credit Agreement shall mean and be a reference to the Credit Agreement, as amended and otherwise
modified by the Amendment.
This Consent shall be governed by, and construed in accordance with, the laws of the State of
New York.
[Remainder of this page intentionally left blank]
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
CHART INDUSTRIES, INC. | ||||
as Borrower and a Guarantor (in each capacity) | ||||
By: | ||||
Name: | ||||
Title: |
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
CHART INC. | ||||
CAIRE INC. | ||||
CHART ENERGY & CHEMICALS, INC. | ||||
CHART COOLER SERVICE COMPANY, INC. | ||||
(f/k/a COOLTEL, INC.) | ||||
CHART INTERNATIONAL HOLDINGS, INC. | ||||
CHART ASIA, INC. | ||||
CHART INTERNATIONAL, INC., | ||||
each as a Guarantor | ||||
By: | ||||
Name: Xxxxxxx X. Xxxxx | ||||
Title: Executive Vice President, Chief Financial Officer and Treasurer |
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
ANNEX I
Schedule 2.01 to the Credit Agreement
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
SCHEDULE 2.01
REVOLVING FACILITY COMMITMENTS
Existing | Total | |||||||||||||||
Revolving | New Revolving | Revolving | ||||||||||||||
Facility | Facility | Facility | L/C | |||||||||||||
Commitment | Commitment | Commitment | Commitment | |||||||||||||
Name of Lender | ($) | ($) | ($) | ($) | ||||||||||||
Natexis Banques
Populaires |
15,000,000 | 10,000,000 | 25,000,000 | |||||||||||||
Citicorp North
America, Inc. |
15,000,000 | 5,000,000 | 20,000,000 | |||||||||||||
JPMorgan Chase
Bank, N.A. |
20,000,000 | 20,000,000 | 115,000,000 | |||||||||||||
Sovereign Bank |
15,000,000 | 15,000,000 | ||||||||||||||
Xxxxxx Xxxxxxx
Senior Funding,
Inc. |
1,000,000 | 10,000,000 | 11,000,000 | |||||||||||||
Black Diamond CLO
0000-0 (Xxxxxx)
Ltd. |
10,000,000 | 10,000,000 | ||||||||||||||
Xxxxxx Brothers
Commercial Bank |
5,000,000 | 5,000,000 | ||||||||||||||
UBS Loan Finance LLC |
5,000,000 | 5,000,000 | ||||||||||||||
Centurion CDO VII,
Ltd. |
2,000,000 | 2,000,000 | ||||||||||||||
Centurion CDO 8,
Limited |
1,000,000 | 1,000,000 | ||||||||||||||
Sequils-Centurion
V. Ltd. |
1,000,000 | 1,000,000 | ||||||||||||||
TOTAL COMMITMENTS |
60,000,000 | 55,000,000 | 115,000,000 | 115,000,000 |
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement
SCHEDULE 2.01
TERM B LOAN FACILITY AND SWING LINE COMMITMENTS
Refer to Register for Lenders and commitments.
Chart Industries, Inc.
Amendment No. 1 to the Credit Agreement
Amendment No. 1 to the Credit Agreement