Contract
Exhibit 10(p)(2)
AMENDMENT NO. 1 AND CONSENT, dated as of June 11, 2010 (this “Amendment”), among
XXXXX MEDIA CORP., (the “Company”), XXXXX ADVERTISING OF PUERTO RICO, INC. (the
“Initial Subsidiary Borrower” and together with the Company, the “Borrowers”),
JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, “Administrative
Agent”) and the Lenders party hereto to the Credit Agreement, dated as of April 28, 2010, by
and among the Borrowers, the Administrative Agent, the Lenders and the other parties thereto (the
“Credit Agreement”). Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the Credit Agreement.
WHEREAS, Section 10.02 of the Credit Agreement permits the Credit Agreement to be amended from
time to time with the consent of the Company and the Required Lenders;
NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto, intending to be legally bound hereby, agree as follows:
Section 1. Amendment
(a) Clause (d) of the second paragraph of Section 7.04 of the Credit Agreement is hereby
amended by adding the following parenthetical immediately after the reference to “25%” appearing in
such clause:
“(or, in the case of the real property and improvements located at 0000 Xxxxxxxxx Xxxx., Xxxxx
Xxxxx, Xxxxxxxxx, 75%)”.
Section 2. Conditions Precedent to the Effectiveness
This Amendment shall become effective as of the date (the “Amendment Effective Date”)
first written above when, and only when, the Administrative Agent shall have received this
Amendment, duly executed by the Company, the Administrative Agent and Lenders constituting the
Required Lenders.
Section 3. Representations and Warranties; No Default
On and as of the Amendment Effective Date, after giving effect to this Amendment, each Credit
Party hereby represents and warrants to the Administrative Agent and each Lender that as of the
Amendment Effective Date (a) no Default or Event of Default shall have occurred and be continuing
and (b) all representations and warranties made by any Credit Party contained in the Credit
Agreement or in the other Loan Documents shall be true and correct in all material respects with
the same effect as though such representations and warranties had been made on and as of the
Amendment Effective Date (except where such representations and warranties expressly relate to an
earlier date, in which case such representations and warranties shall have been true and correct in
all material respects as of such earlier date).
Section 4. Fees and Expenses
Borrower agrees to pay on demand in accordance with the terms of Section 10.02 of the Credit
Agreement all reasonable disbursements and expenses of the Administrative Agent
in connection with the preparation, reproduction, execution and delivery of this Amendment
(including, without limitation, the reasonable fees and disbursements of Xxxxxx Xxxxxx & Xxxxxxx
LLP, counsel for the Administrative Agent with respect thereto).
Section 5. Reference to and Effect on the Credit Documents
(a) As of the Amendment Effective Date, each reference in the Credit Agreement to “this
Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, and each reference in the
other Loan Documents to the Credit Agreement (including, without limitation, by means of words like
“thereunder,” “thereof” and words of like import), shall mean and be a reference to the Credit
Agreement as amended hereby, and this Amendment and the Credit Agreement shall be read together and
construed as a single instrument.
(b) Except as expressly amended hereby or specifically waived above, all of the terms and
provisions of the Credit Agreement and all other Loan Documents are and shall remain in full force
and effect and are hereby ratified and confirmed.
(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 the Lenders, the Company or
the Administrative Agent under any of the Loan Documents, nor constitute a waiver or amendment of
any other provision of any of the Loan Documents or for any purpose except as expressly set forth
herein.
(d) This Amendment is a Loan Document.
Section 6. Execution in Counterparts
This Amendment may be executed in any number of counterparts and by different parties in
separate counterparts, each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same agreement. Signature pages may be detached
from multiple separate counterparts and attached to a single counterpart so that all signature
pages are attached to the same document. Delivery of an executed counterpart by telecopy shall be
effective as delivery of a manually executed counterpart of this Amendment.
Section 7. Section Titles
The section titles contained in this Amendment are and shall be without substantive meaning or
content of any kind whatsoever and are not a part of the agreement between the parties hereto,
except when used to reference a section.
Section 8. Successors
The terms of this Amendment shall be binding upon, and shall inure to the benefit of, the
parties hereto and their respective successors and assigns.
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Section 9. Governing Law
THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY,
AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of
the date first above written.
XXXXX MEDIA CORP. |
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By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Chief Financial Officer | |||
XXXXX ADVERTISING OF PUERTO RICO, INC. |
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By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Chief Financial Officer | |||
JPMORGAN CHASE BANK, N.A., as Administrative Agent and a Lender |
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By: | /s/ Xxxxxxxxxx Xxxxxxx | |||
Name: | Xxxxxxxxxx Xxxxxxx | |||
Title: | Executive Director | |||
Allied Irish Banks, p.l.c., as a Lender |
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By: | /s/ Xxxxxx X’Xxxxxxx | |||
Name: | Xxxxxx X’Xxxxxxx | |||
Title: | Vice President | |||
By: | /s/ Xxxxx Xxxxxxxx | |||
Name: | Xxxxx Xxxxxxxx | |||
Title: | Assistant Vice President | |||
SUNTRUST BANK, as a Lender |
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By: | /s/ Xxxxx Xxxxxx | |||
Name: | Xxxxx Xxxxxx | |||
Title: | Vice President | |||
Credit Agricole Corporate and Investment Bank, as a Lender |
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By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Managing Director | |||
By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Managing Director | |||
REGATTA FUNDING LTD. By: Citi Alternative Investments LLC, attorney-in-fact, as a Lender |
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By: | /s/ Xxxxxxx Xxxxxx | |||
Name: | Xxxxxxx Xxxxxx | |||
Title: | Director | |||
CCA EAGLE LOAN MASTER FUND LTD. By: Citigroup Alternative Investments LLC, as Investment manager for and on behalf of CCA EAGLE LOAN MASTER FUND LTD., as a Lender |
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By: | /s/ Xxxxxxx Xxxxxx | |||
Name: | Xxxxxxx Xxxxxx | |||
Title: | Director | |||
LMP Corporate Loan Fund, Inc. By: Citi Alternative Investments LLC, as a Lender |
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By: | /s/ Xxxxxxx Xxxxxx | |||
Name: | Xxxxxxx Xxxxxx | |||
Title: | Director | |||
DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender By: DB Services New Jersey, Inc. |
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By: | /s/ Xxxxx X. Xxxxxx | |||
Name: | Xxxxx X. Xxxxxx | |||
Title: | Vice President | |||
By: | /s/ Xxxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxxx Xxxxxxxx | |||
Title: | Assistant Vice President | |||
ING Prime Rate Trust By: ING Investment Management Co., as its investment manager ING Senior Income Fund By: ING Investment Management Co., as its investment manager ING Investment Management CLO I, LTD. By: ING Investment Management Co., as its investment manager ING Investment Management CLO II, LTD. By: ING Alternative Asset Management LLC, as its investment manager ING Investment Management CLO III, LTD. By: ING Alternative Asset Management LLC, as its investment manager ING Investment Management CLO IV, LTD. By: ING Alternative Asset Management LLC, as its investment manager ING Investment Management CLO V, LTD. By: ING Alternative Asset Management LLC, as its investment manager ING International (II) — Senior Loans By: ING Investment Management Co., as its investment manager ING Investment Trust Co. Plan for Employee Benefit Investment Funds — Senior Loan Fund By: ING Investment Trust Co. as its trustee Phoenix CLO I, LTD. By: ING Alternative Asset Management LLC, as its investment manager Phoenix CLO II, LTD. By: ING Alternative Asset Management LLC, as its investment manager Phoenix CLO III, LTD. By: ING Alternative Asset Management LLC, as its investment manager |
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By: | /s/ Xxxxxx Xxxxxx | |||
Name: | Xxxxxx Xxxxxx, CFA | |||
Title: | Senior Vice President | |||
BLUEMOUNTAIN CLO LTD. |
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By: | BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC | |||
ITS COLLATERAL MANAGER, as a Lender |
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By: | /s/ Xxxx Xxxx | |||
Name: | Xxxx Xxxx | |||
Title: | Associate | |||
U.S. Bank National Association, as a Lender |
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By: | /s/ Xxxxxxx Xxxxxxx | |||
Name: | Xxxxxxx Xxxxxxx | |||
Title: | Senior Vice President | |||
LightPoint CLO III, Ltd., as a Lender By Xxxxxxxxx Xxxxxx Fixed Income LLC as collateral manager |
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By: | /s/ Xxxxx Xxxxxx | |||
Name: | Xxxxx Xxxxxx | |||
Title: | Authorized Signatory | |||
THE ROYAL BANK OF SCOTLAND PLC, as a Lender |
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By: | /s/ Xxxxxxx Xxxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxxx | |||
Title: | Vice President | |||
Bank of America, N.A. as a Lender |
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By: | /s/ Xxxxxxxxxxx X. Xxxxx | |||
Name: | Xxxxxxxxxxx X. Xxxxx | |||
Title: | Senior Vice President | |||
Landmark V CDO Limited By: Aladdin Capital Management LLC, as Manager |
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By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Authorized Signatory | |||
Greyrock CDO LTD, By: Aladdin Capital Management LLC, as Manager |
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By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Authorized Signatory | |||
XXXXX FARGO BANK, NATIONAL ASSOCIATION, as a Lender |
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By: | /s/ Xxxx X. Xxxxx | |||
Name: | Xxxx X. Xxxxx | |||
Title: | Vice President | |||
Xxxxx Xxxxx CDO VIII, LTD. BY: Xxxxx Xxxxx Management as Investment Advisor, as a Lender |
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By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Vice President | |||
Xxxxx Xxxxx CDO IX, Ltd. By: Xxxxx Xxxxx Management as Investment Advisor, as a Lender |
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By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Vice President | |||
Xxxxx Xxxxx Senior Floating-Rate Trust By: Xxxxx Xxxxx Management as Investment Advisor, as a Lender |
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By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Vice President | |||
Xxxxx Xxxxx Floating-Rate Income Trust By: Xxxxx Xxxxx Management as Investment Advisor, as a Lender |
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By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Vice President | |||
Xxxxx Xxxxx Medallion Floating-Rate Income Portfolio By: Xxxxx Xxxxx Management as Investment Advisor, as a Lender |
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By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Vice President | |||
Xxxxx Xxxxx Institutional Senior Loan Fund By: Xxxxx Xxxxx Management as Investment Advisor, as a Lender |
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By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Vice President | |||
Xxxxxxx & Co By: Boston Management and Research as Investment Advisor, as a Lender |
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By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Vice President | |||
Innovation Trust 2009 By: Xxxxx Xxxxx Management as Investment Advisor, as a Lender |
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By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Vice President | |||
Xxxxx Xxxxx VT Floating-Rate Income Fund By: Xxxxx Xxxxx Management as Investment Advisor, as a Lender |
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By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Vice President | |||
Whitney National Bank, as a Lender |
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By: | /s/ J. Xxxx Xxxxx | |||
Name: | J. Xxxx Xxxxx | |||
Title: | Vice President | |||
Sumitomo Mitsui Banking Corporation, as a Lender |
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By: | /s/ Xxxxxxx X. Xxxx | |||
Name: | Xxxxxxx X. Xxxx | |||
Title: | Executive Officer | |||
Xxxxx Street CLO II Ltd. By: Seix Investment Advisors LLC, as Collateral Manager Ridgeworth Funds — Seix Floating Rate High Income Fund By: Seix Investment Advisors LLC, as Subadvisor Rochdale Fixed Income Opportunities Portfolio By: Seix Investment Advisors LLC, as Subadvisor as Lenders |
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By: | /s/ Xxxxxx Xxxxxxxxx | |||
Name: | Xxxxxx Xxxxxxxxx | |||
Title: | Managing Director | |||
California Public Employees’ Retirement System By: Columbia Management Investment Advisers, LLC, fka RiverSource Investments, LLC, its agent, as a Lender |
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By: | /s/ Xxxxx X. Xxxxxxx | |||
Name: | Xxxxx X. Xxxxxxx | |||
Title: | Assistant Vice President | |||
Cent CDO 10 Limited By: Columbia Management Investment Advisers, LLC, fka RiverSource Investments, LLC As Collateral Manager, as a Lender |
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By: | /s/ Xxxxx X. Xxxxxxx | |||
Name: | Xxxxx X. Xxxxxxx | |||
Title: | Director of Operations | |||
Cent CDO XI Limited By: Columbia Management Investment Advisers, LLC, fka RiverSource Investments, LLC As Collateral Manager, as a Lender |
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By: | /s/ Xxxxx X. Xxxxxxx | |||
Name: | Xxxxx X. Xxxxxxx | |||
Title: | Director of Operations | |||
Cent CDO 12 Limited By: Columbia Management Investment Advisers, LLC, fka RiverSource Investments, LLC As Collateral Manager, as a Lender |
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By: | /s/ Xxxxx X. Xxxxxxx | |||
Name: | Xxxxx X. Xxxxxxx | |||
Title: | Director of Operations | |||
Cent CDO 14 Limited By: Columbia Management Investment Advisers, LLC, fka RiverSource Investments, LLC As Collateral Manager, as a Lender |
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By: | /s/ Xxxxx X. Xxxxxxx | |||
Name: | Xxxxx X. Xxxxxxx | |||
Title: | Director of Operations | |||
Cent CDO 15 Limited By: Columbia Management Investment Advisers, LLC, fka RiverSource Investments, LLC As Collateral Manager, as a Lender |
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By: | /s/ Xxxxx X. Xxxxxxx | |||
Name: | Xxxxx X. Xxxxxxx | |||
Title: | Assistant Vice President | |||
Centurion CDO 8 Limited By: Columbia Management Investment Advisers, LLC, fka RiverSource Investments, LLC As Collateral Manager, as a Lender |
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By: | /s/ Xxxxx X. Xxxxxxx | |||
Name: | Xxxxx X. Xxxxxxx | |||
Title: | Director of Operations | |||
Centurion CDO 9 Limited By: Columbia Management Investment Advisers, LLC, fka RiverSource Investments, LLC As Collateral Manager, as a Lender |
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By: | /s/ Xxxxx X. Xxxxxxx | |||
Name: | Xxxxx X. Xxxxxxx | |||
Title: | Director of Operations | |||
RiverSource Bond Series, Inc. - RiverSource Floating Rate Fund, as a Lender |
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By: | /s/ Xxxxx X. Xxxxxxx | |||
Name: | Xxxxx X. Xxxxxxx | |||
Title: | Assistant Vice President | |||
RiverSource Institutional Leveraged Loan Fund II, L.P. By: Columbia Management Investment Advisers, LLC fka RiverSource Investments, LLC as Investment Manager, as a Lender |
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By: | /s/ Xxxxx X. Xxxxxxx | |||
Name: | Xxxxx X. Xxxxxxx | |||
Title: | Assistant Secretary | |||
RiverSource Strategic Allocation Series, Inc. — RiverSource Strategic Income Allocation Fund, as a Lender |
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By: | /s/ Xxxxx X. Xxxxxxx | |||
Name: | Xxxxx X. Xxxxxxx | |||
Title: | Assistant Vice President | |||
Grand Central Asset Trust, LBAM Series, as a Lender |
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By: | /s/ Xxxx Xxxxxx | |||
Name: | Xxxx Xxxxxx | |||
Title: | Attorney-in-Fact | |||
Xxxx Xxxxx CBNA Loan Funding LLC, as a Lender |
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By: | /s/ Xxxx Xxxxxx | |||
Name: | Xxxx Xxxxxx | |||
Title: | Attorney-in-Fact | |||
FIRST 2004-II CLO, LTD. By: TCW Asset Management Company, as its Collateral Manager |
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By: | /s/ Xxxxx Xxxxxxxxxx | |||
Name: | Xxxxx Xxxxxxxxxx | |||
Title: | Senior Vice President | |||
By: | /s/ Xxxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxx | |||
Title: | Managing Director | |||
MAC CAPITAL, LTD. By: TCW Asset Management Company as its Portfolio Manager |
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By: | /s/ Xxxxx Xxxxxxxxxx | |||
Name: | Xxxxx Xxxxxxxxxx | |||
Title: | Senior Vice President | |||
By: | /s/ Xxxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxx | |||
Title: | Managing Director | |||
MOMENTUM CAPITAL FUND, LTD. By: TCW Asset Management Company as its Portfolio Manager |
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By: | /s/ Xxxxx Xxxxxxxxxx | |||
Name: | Xxxxx Xxxxxxxxxx | |||
Title: | Senior Vice President | |||
By: | /s/ Xxxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxx | |||
Title: | Managing Director | |||
TCW Senior Secured Floating Rate Loan Fund, L.P. By: TCW Asset Management Company, as its Investment Advisory |
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By: | /s/ Xxxxx Xxxxxxxxxx | |||
Name: | Xxxxx Xxxxxxxxxx | |||
Title: | Senior Vice President | |||
By: | /s/ Xxxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxx | |||
Title: | Managing Director | |||
TCW Senior Secured Loan Fund, LP By: TCW Asset Management Company, as its Investment Advisor |
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By: | /s/ Xxxxx Xxxxxxxxxx | |||
Name: | Xxxxx Xxxxxxxxxx | |||
Title: | Senior Vice President | |||
By: | /s/ Xxxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxx | |||
Title: | Managing Director | |||
Palmetto Investors Master Fund, LLC. By: TCW Asset Management Company, As its Managing Member |
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By: | /s/ Xxxxx Xxxxxxxxxx | |||
Name: | Xxxxx Xxxxxxxxxx | |||
Title: | Senior Vice President | |||
By: | /s/ Xxxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxx | |||
Title: | Managing Director | |||
VITESSE CLO LTD. By: TCW Asset Management Company as its Portfolio Manager |
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By: | /s/ Xxxxx Xxxxxxxxxx | |||
Name: | Xxxxx Xxxxxxxxxx | |||
Title: | Senior Vice President | |||
By: | /s/ Xxxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxx | |||
Title: | Managing Director | |||
LOAN FUNDING I LLC, a wholly owned subsidiary of Citibank, N.A. By: TCW Asset Management Company, as portfolio manager of Loan Funding I LLC |
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By: | /s/ Xxxxx Xxxxxxxxxx | |||
Name: | Xxxxx Xxxxxxxxxx | |||
Title: | Senior Vice President | |||
By: | /s/ Xxxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxx | |||
Title: | Managing Director | |||
CRÉDIT INDUSTRIEL ET COMMERCIAL, as a Lender |
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By: | /s/ Xxxxxx Xxxxxx | |||
Name: | Xxxxxx Xxxxxx | |||
Title: | Managing Director | |||
By: | /s/ Xxxxx X’Xxxxx | |||
Name: | Xxxxx X’Xxxxx | |||
Title: | Managing Director | |||
Bank of Nova Scotia, as a Lender |
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By: | /s/ Xxxxxx Xxxxxx | |||
Name: | Xxxxxx Xxxxxx | |||
Title: | Director | |||
SCOTIABANC INC., as a Lender |
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By: | /s/ X.X. Xxxx | |||
Name: | X.X. Xxxx | |||
Title: | Managing Director | |||
By: | /s/ X. Xxxxxxxxx | |||
Name: | X. Xxxxxxxxx | |||
Title: | Director | |||
WIND RIVER CLO II — XXXX INVESTORS, LTD. By: XxXxxxxxx Investment Management, LLC, as Manager, as a Lender |
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By: | /s/ Xxxxxxxx X. Xxxx | |||
Name: | Xxxxxxxx X. Xxxx | |||
Title: | Vice President | |||
ING Capital LLC, as a Lender |
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By: | /s/ Xxxxxxx X. Xxxxx | |||
Name: | Xxxxxxx X. Xxxxx | |||
Title: | Managing Director | |||
GREYWOLF CLO I, LTD BY: GREYWOLF CAPITAL MANAGEMENT LP, ITS COLLATERAL MANAGER, as a Lender |
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By: | /s/ Xxxxxxx Xxxx | |||
Name: | Xxxxxxx Xxxx | |||
Title: | Authorized Signatory | |||
Compass Bank, as a Lender |
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By: | /s/ Xxxxxx Xxxxxxx | |||
Name: | Xxxxxx Xxxxxxx | |||
Title: | Executive Vice President | |||