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Exhibit 10.24
AMENDMENT NO. 1 TO
REVOLVING LOAN AGREEMENT
This Amendment No. 1 to Revolving Loan Agreement (this "Amendment")
dated as of October 8, 1998 is entered into with reference to the Revolving
Loan Agreement dated as of July 28, 1998 among USEC Inc. ("Borrower"), the
Lenders party thereto, First Union National Bank and Nationsbank, N.A., as
Syndication Agents, and Bank of America National Trust and Savings Association,
as Documentation Agent and Administrative Agent (the "Loan Agreement").
Capitalized terms used but not defined herein are used with the meanings set
forth for those terms in the Loan Agreement.
Borrower and the Administrative Agent, acting with the consent of the
Requisite Lenders pursuant to Section 11.2 of the Loan Agreement, agree as
follows:
1. Section 11.8. Section 11.8(b) of the Loan Agreement is
amended by striking clauses (iv) and (v) thereof and inserting in their place
the following:
(iv) assignments of a Pro Rata Share of any of Tranche A,
Tranche B or Tranche C need not be accompanied by an
assignment of the same Pro Rata Share of any other Tranche, or
of any Pro Rata Share at all of any other Tranche, (v)
[Intentionally Omitted],
2. Exhibit D. Exhibit D to the Loan Agreement is amended to
delete all references to the provisions contained in clauses (iv) or (v) of
Section 11.8(b) of the Loan Agreement, as in effect prior to this Amendment.
3. Conditions Precedent. The effectiveness of this Amendment
shall be conditioned upon the receipt by the Administrative Agent of all of the
following, each properly executed by a Responsible Official of each party
thereto and dated as of the date hereof:
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(a) Counterparts of this Amendment executed by all
parties hereto; and
(b) Written consent of the Requisite Lenders as required
under Section 11.2 of the Loan Agreement in the form of Exhibit A to this
Amendment.
4. Representation and Warranty. Borrower represents and warrants
to the Administrative Agent and the Lenders that no Default or Event of Default
has occurred and remains continuing.
5. Confirmation. In all other respects, the terms of the Loan
Agreement and the other Loan Documents are hereby confirmed.
IN WITNESS WHEREOF, Borrower and the Administrative Agent have
executed this Amendment as of the date first written above by their duly
authorized representatives.
USEC INC. BANK OF AMERICA NATIONAL
TRUST AND SAVINGS ASSOCIA-
TION, as Administrative Agent
By: /s/ Xxxxx X Xxxxxxx, Xx
--------------------------------
Xxxxx X Xxxxxxx, Xx.
Vice President & CFO By: /s/ Xxxx Xxxxxx
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Xxxx Xxxxxx
Vice President
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Exhibit A to Amendment
CONSENT OF LENDER
Reference is hereby made to that certain Revolving Loan Agreement
dated as of July 28, 1998 among USEC Inc. ("Borrower"), the Lenders party
thereto, First Union National Bank and Nationsbank, N.A., as Syndication
Agents, and Bank of America National Trust and Savings Association, as
Documentation Agent and Administrative Agent (the "Loan Agreement").
The undersigned Lender hereby consents to the execution and delivery
of Amendment No. 1 to the Loan Agreement by the Administrative Agent on its
behalf, substantially in the form of the most recent draft thereof presented to
the undersigned Lender.
Date: October 1, 0000
Xxxx xx Xxxxxxx, National Trust and
Savings Association
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[Name of Institution]
By /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx, Vice President
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[Printed Name and Title]
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Exhibit A to Amendment
CONSENT OF LENDER
Reference is hereby made to that certain Revolving Loan Agreement
dated as of July 28, 1998 among USEC Inc. ("Borrower"), the Lenders party
thereto, First Union National Bank and Nationsbank, N.A., as Syndication
Agents, and Bank of America National Trust and Savings Association, as
Documentation Agent and Administrative Agent (the "Loan Agreement").
The undersigned Lender hereby consents to the execution and delivery
of Amendment No. 1 to the Loan Agreement by the Administrative Agent on its
behalf, substantially in the form of the most recent draft thereof presented to
the undersigned Lender.
Date: October 1, 1998
Wachovia Bank, N.A.
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[Name of Institution]
By /s/ Xxxxxxxx X. Xxxxxxx III
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Xxxxxxxx X. Xxxxxxx III, Vice President
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[Printed Name and Title]
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Exhibit A to Amendment
CONSENT OF LENDER
Reference is hereby made to that certain Revolving Loan Agreement
dated as of July 28, 1998 among USEC Inc. ("Borrower"), the Lenders party
thereto, First Union National Bank and Nationsbank, N.A., as Syndication
Agents, and Bank of America National Trust and Savings Association, as
Documentation Agent and Administrative Agent (the "Loan Agreement").
The undersigned Lender hereby consents to the execution and delivery
of Amendment No. 1 to the Loan Agreement by the Administrative Agent on its
behalf, substantially in the form of the most recent draft thereof presented to
the undersigned Lender.
Date: October 1, 1998
Fleet National Bank
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[Name of Institution]
By /s/ Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx, Assistant Vice President
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[Printed Name and Title]
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