FIFTH AMENDMENT
EXHIBIT 10.2
This Fifth Amendment (the “Agreement”) to the Credit Agreement referred to below is dated as
of April 30, 2008, by and among BOWATER CANADIAN FOREST PRODUCTS INC., a company organized under
the laws of Canada, in its capacity as Borrower under the Credit Agreement referred to below (the
“Borrower”), BOWATER INCORPORATED, a corporation organized under the laws of Delaware, in its
capacity as a Guarantor under the Credit Agreement referred to below (the “Original U.S.
Borrower”), certain Subsidiaries and Affiliates of the Original U.S. Borrower party hereto (the
“Grantors”), AbitibiBowater Inc., a corporation organized under the laws of Delaware (the
“Parent”), the Lenders and the U.S. Lenders party hereto (collectively, the “Consenting Lenders”)
pursuant to an authorization (in the form attached hereto as Exhibit A, each a “Lender
Authorization”) and THE BANK OF NOVA SCOTIA, as administrative agent (the “Administrative Agent”)
for the Lenders party to the Credit Agreement referred to below.
STATEMENT OF PURPOSE:
The Borrower, the Original U.S. Borrower, the Lenders, certain other financial institutions
and the Administrative Agent are parties to the Credit Agreement dated as of May 31, 2006 (as
amended by that certain First Amendment dated as of July 20, 2007, that certain Second Amendment
dated as of October 31, 2007, that certain Third Amendment and Waiver dated as of February 25,
2008, that certain Fourth Amendment dated as of March 31, 2008, as amended hereby and as further
amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”).
The Borrower has requested that the Administrative Agent, the Lenders and the U.S. Lenders
agree to amend the Credit Agreement as more specifically set forth herein. Subject to the terms
and conditions set forth herein, the Administrative Agent and each of the Consenting Lenders have
agreed to grant such requests of the Borrower.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows:
1. Capitalized Terms. Except as otherwise provided herein, all capitalized undefined
terms used in this Agreement (including, without limitation, in the introductory paragraph
and the statement of purpose hereto) shall have the meanings assigned thereto in the Credit
Agreement (as amended by this Agreement).
2. Credit
Agreement Amendments. The Credit Agreement is hereby amended by:
(a) Section 1.1 of the Credit Agreement is hereby amended by:
(i) amending and restating the following definitions as follows:
“New U.S. Borrower Mortgages” means those certain mortgages, deeds of trust, security
agreements, subordination agreements or other real property security documents encumbering
the New U.S. Borrower Fixed Assets, in each case in form and substance
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reasonably satisfactory to the Administrative Agent and the U.S. Administrative Agent and
executed by the applicable New U.S. Borrower in favor of the U.S. Administrative Agent, for
the ratable benefit of the Secured Parties and the U.S. Secured Parties, as amended,
restated, supplemented or otherwise modified from time to time. Unless specifically
excluded, the Supplemental New U.S. Borrower Mortgage shall be a New U.S. Borrower
Mortgage.
“New U.S. Borrowers” means (a) Bowater Alabama LLC (formerly known as Bowater
Alabama, Inc.), an Alabama limited liability company (the “Coosa Pines U.S. Borrower”),
(b) Bowater Newsprint South LLC, a Delaware limited liability company (“BNS Holdings”) and
(c) Bowater Newsprint South Operations LLC (formerly known as Bowater Newsprint South,
Inc.), a Delaware corporation and as successor by merger to Bowater Mississippi, LLC (the
“Grenada U.S. Borrower”).
(ii) adding the following new definition in proper alphabetical order:
“Supplemental New U.S. Borrower Mortgage” means that certain mortgage, deed of trust,
security agreement, subordination agreement or other real property security document
encumbering a fee interest in the Coosa Pines Mill and a leasehold interest in the Coosa
Pines Real Property or otherwise subordinating the interests of the Industrial Development
Board of the City of Childersburg, a public corporation duly organized and existing under
the laws of the State of Alabama (such Person, the “Supplemental New U.S. Borrower
Mortgagor”), in the Coosa Pines Mill or Coosa Pines Real Property to the interests of the
Administrative Agent and the U.S. Administrative Agent therein, in each case in form and
substance reasonably satisfactory to the Administrative Agent and the U.S. Administrative
Agent and executed by the Supplemental New U.S. Borrower Mortgagor in favor of the U.S.
Administrative Agent, for the ratable benefit of the Secured Parties and the U.S. Secured
Parties, as amended, restated, supplemented or otherwise modified from time to time.
“Supplemental New U.S. Borrower Mortgagor” has the meaning set forth in the definition
of Supplemental New U.S. Borrower Mortgage.
(b) Amendment to Section 5.3. The following new subsection (d) shall be added to Section 5.3:
“(d) Delivery of Documentation Pursuant to Section 8.10(e)(i). If the requested
borrowing, conversion or continuation of any Loan or the requested
issuance or extension of any Letter of Credit would cause the
aggregate principal amount of all Obligations outstanding as of the date of such borrowing, conversion, continuation, issuance
or extension (after giving effect to the requested borrowing, conversion, continuation,
issuance or extension) to exceed C$91,500,000, the Administrative Agent shall have received
each item required to be delivered thereto pursuant to Section 8.l0(e)(i), in all cases, in
accordance with the terms and provisions thereof (or as such terms and conditions may be
amended, modified or waived in accordance with the terms of Section 14.2).”
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(c) Amendments to Section 8.10. Clauses (i) and (ii) of subsection (e) of Section 8.10
of the Credit Agreement are hereby amended and restated as follows:
“(i) (A) Concurrently with the delivery of the documentation required to be
delivered pursuant to Section 8.10(e)(ii)(A) of the U.S. Credit Agreement but in no
event later than April 15, 2008, the U.S. Administrative Agent shall have received:
(1) evidence satisfactory to the U.S. Administrative Agent that the
U.S. Borrower shall be diligently pursuing in good faith the rendering of
the solvency opinions referred to in Sections 8.10(e)(i)(B) and
8.10(e)(i)(C) by a third party consultant reasonably acceptable to the U.S.
Administrative Agent (including having delivered to such third party
consultant all financial and other information necessary to provide the
basis for the delivery of such solvency opinion); and
(2) information, in form and substance reasonably satisfactory to the
U.S. Administrative Agent, confirming (x) that the New U.S. Borrowers own,
free and clear of any Liens, the New U.S. Borrower Fixed Assets and (y) the
ability of the New U.S. Borrowers to grant to the U.S. Administrative Agent,
on behalf of the Secured Parties and the U.S. Secured Parties, a perfected
first priority security interest in the New U.S. Borrower Fixed Assets
without the consent or approval of any third Person; and
(B) Concurrently with the delivery of the documentation required to be
delivered pursuant to Section 8.10(e)(ii)(B) of the U.S. Credit Agreement but in no
event later than May 15, 2008, the Administrative Agent shall have received:
(1) a copy of a solvency opinion from Xxxxxxxx Xxxxx Xxxxxx
& Xxxxx Financial Advisors, Inc. or another opinion provider reasonably
acceptable to the Administrative Agent as to the solvency of the
Original U.S. Borrower after giving effect to the New U.S. Borrower Transactions
and the transactions contemplated by the Fourth Amendment, this
Agreement and the joinder agreement referred to in clause (2) below and
such other matters as the Lenders shall request (which such opinion
shall expressly permit reliance (or be accompanied by a letter, in form and
substance satisfactory to the Administrative Agent, executed by the
opinion provider that (expressly permits reliance) by the Administrative
Agent, the Lenders and any successors and assigns of the Administrative Agent
or any Lender);
(2) a duly executed joinder agreement, in form and substance
reasonably satisfactory to the Administrative Agent, joining each New
U.S. Borrower to Article XI of this Agreement (as a U.S. Borrower), the
Intercompany Subordination Agreement and any other applicable Loan
Documents;
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(3) such updated Schedules to the Loan Documents as requested by the Administrative Agent or
the U.S. Administrative Agent with regard to the New U.S. Borrowers (including, without
limitation, an updated Schedule 6.1(b));
(4) a certificate of a Responsible Officer of each New U.S. Borrower certifying as to the
incumbency and genuineness of the signature of each officer of each New U.S. Borrower executing the
Loan Documents to which it is a party and certifying that attached thereto is a true, correct and
complete copy of (w) the articles or certificate of incorporation or formation of each New U.S.
Borrower and all amendments thereto, certified as of a recent date by the appropriate Governmental
Authority in its jurisdiction of incorporation or formation, (x) the bylaws or other governing
document of each New U.S. Borrower as in effect on the date hereof, (y) resolutions duly adopted by
the board of directors or other governing body of each New U.S. Borrower authorizing the
transactions contemplated hereunder and the execution, delivery and performance of this Agreement
and the other Loan Documents to which it is a party, and (z) certificates as of a recent date of
the good standing of each New U.S. Borrower under the laws of its jurisdiction of incorporation or
formation;
(5) the results of a Lien search (including a search as to judgments, pending litigation and
tax matters) made against each New U.S. Borrower under the Uniform Commercial Code (or applicable
judicial docket) as in effect in each jurisdiction in which filings or recordations under the
Uniform Commercial Code should be made to evidence or perfect security interests in all assets of
each New U.S. Borrower, indicating among other things that the assets of each New U.S. Borrower
are free and clear of any Liens (except Permitted Liens);
(6) evidence in form and substance reasonably satisfactory to the Administrative Agent
confirming the interest of the U.S. Administrative Agent (as loss payee and additional insured
and, with respect to the real property subject to the New U.S. Borrower Mortgages (other than the
Supplemental New U.S. Borrower Mortgage), as mortgagee) with respect to such insurance coverage;
(7) a duly executed counterpart of each New U.S. Borrower Mortgage (other than the
Supplemental New U.S. Borrower Mortgage);
(8) all filings and recordations that are necessary to perfect the security interests of the
U.S. Administrative Agent, on behalf of itself, the Secured Parties and the U.S. Secured Parties,
in the Collateral granted by each New U.S. Borrower under each New U.S. Borrower Mortgage (other
than the Supplemental New U.S. Borrower Mortgage) and evidence satisfactory to the Administrative
Agent that upon such filings and recordations such security interests constitute valid and
perfected first priority Liens therein;
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(9) favorable opinions of counsel of each New U.S. Borrower addressed to the
Administrative Agent and the Lenders with respect to each New U.S. Borrower, this
Agreement, each of the New U.S. Borrower Mortgages (other than the Supplemental New U.S.
Borrower Mortgage) and the other Loan Documents to which the New U.S. Borrowers are a
party and such other matters as the Lenders shall reasonably request (which such opinions
shall expressly permit reliance by successors and assigns of the Administrative Agent or
any Lender); and
(10) such other instruments, documents and certificates as the Administrative Agent
shall reasonably request.
(C) Concurrently with the delivery of the documentation required to be delivered pursuant to
Section 8.10(e)(ii)(C) of the U.S. Credit Agreement but in no event later than May 22, 2008, the
Administrative Agent shall have received a copy of a solvency opinion from Xxxxxxxx Xxxxx Xxxxxx &
Xxxxx Financial Advisors, Inc. or another opinion provider reasonably acceptable to the
Administrative Agent as to the solvency of each of the New U.S. Borrowers (other than BNS Holdings
if BNS Holdings is a holding company that holds only the Capital Stock of the Coosa Pines U.S.
Borrower and the Grenada U.S. Borrower and has no creditors other than the U.S. Lenders), in each
case after giving effect to the New U.S. Borrower Transactions and the transactions contemplated
by the Fourth Amendment, this Agreement and the joinder agreement referred to in Section
8.10(e)(i)(B)(2) above and such other matters as the Lenders shall request (which such opinion
shall expressly permit reliance (or be accompanied by a letter, in form and substance satisfactory
to the Administrative Agent, executed by the opinion provider that expressly permits reliance) by
the Administrative Agent, the Lenders and any successors and assigns of the Administrative Agent
or any Lender).
(D) Concurrently with the delivery of the documentation required to be delivered pursuant to
Section 8.10(e)(ii)(D) of the U.S. Credit Agreement but in no event later than May 30, 2008, the
Administrative Agent shall have received:
(1) to the extent reasonably requested by the Administrative
Agent, evidence in form and substance reasonably satisfactory to the
Administrative Agent confirming the interest of the U.S. Administrative
Agent as loss payee, additional insured and mortgagee with respect to the
Coosa Pines Mill and Coosa Pines Real Property subject to the Supplemental New U.S. Borrower Mortgage;
(2) a duly executed counterpart of the Supplemental New U.S. Borrower Mortgage;
(3) all filings and recordations that are necessary to perfect the security
interests of the U.S. Administrative Agent, on behalf of itself, the other Secured
Parties and the U.S. Secured Parties, in the Collateral granted by the Supplemental New
U.S. Borrower Mortgagor, and evidence
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satisfactory to the Administrative Agent that upon such filings and recordations
such security interests constitute valid and perfected first priority Liens
therein (or, to the extent acceptable to the Administrative Agent, evidence
satisfactory to the Administrative Agent that upon delivery of the Supplemental
New U.S. Borrower Mortgage, all right, title and interest of the Supplemental New
U.S. Borrower Mortgagor shall be subordinated in all respects to the security
interests of the U.S. Administrative Agent, on behalf of itself, the other Secured
Parties and the U.S. Secured Parties, with respect to the interests subject to the
Supplemental New U.S. Borrower Mortgage);
(4) favorable opinions of counsel of the Supplemental New U.S. Borrower
Mortgagor addressed to the Administrative Agent and the Lenders with respect to the
Supplemental New U.S. Borrower Mortgage and such other matters as the Lenders shall
reasonably request (which such opinions shall expressly permit reliance by
successors and assigns of the Administrative Agent or any Lender); and
(5) such other instruments, documents and certificates as the Administrative
Agent shall reasonably request.
(ii) Within forty-five (45) days of the date upon which each New U.S. Borrower is joined
as a Credit Party pursuant to Section 8.10(e)(i)(B):
(A) a final title policy, insuring the first priority Liens of the Secured Parties and
the U.S. Secured Parties and showing no Liens prior to the Liens of the Secured Parties and
the U.S. Secured Parties (other than for ad valorem taxes not yet due and payable) and
containing only such other customary title exceptions as are reasonably acceptable to the
U.S. Administrative Agent, with title insurance companies acceptable to the U.S.
Administrative Agent, on each of the Coosa Pines Mill Real Property and Grenada Mill Real
Property (it being agreed that the U.S. Borrower and its Subsidiaries shall provide or
obtain any customary affidavits and indemnities as may be required or necessary to obtain
title insurance satisfactory to the U.S. Administrative Agent);
(B) copies of all recorded documents creating exceptions to the title policies
referred to in Section 8.10(e)(ii)(A);
(C) a certification form of a certification from the National Research Center, or any
successor ageney thereto, regarding each of the Coosa Pines Mill Real Property and the Grenada Mill Real Property;
(D) copies of as-built surveys of a recent date of each of the Coosa
Pines Mill Real Property and the Grenada Mill Real Property, in each case,
certified as of a recent date by a registered engineer or land surveyor. Each such
survey shall be accompanied by an affidavit (a “Survey Affidavit”) of an
authorized signatory of the owner of such property stating that there have been no
improvements or encroachments to the property since the date of the respective
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survey such that the existing survey is no longer accurate. Each such survey shall
show the area of such property, all boundaries of the land with courses and
distances indicated, including chord bearings and arc and chord distances for all
curves, and shall show dimensions and locations of all easements, private drives,
roadways, and other facts materially affecting such property, and shall show such
other details as the U.S. Administrative Agent may reasonably request, including,
without limitation, any encroachment (and the extent thereof in feet and inches)
onto the property or by any of the improvements on the property upon adjoining land
or upon any easement burdening the property; any improvements, to the extent
constructed, and the relation of the improvements by distances to the boundaries of
the property, to any easements burdening the property, and to the established
building lines and the street lines; and if improvements are existing, (x) a
statement of the number of each type of parking space required by Applicable Laws,
ordinances, orders, rules, regulations, restrictive covenants and easements
affecting the improvement, and the number of each such type of parking space
provided, and (y) the locations of all utilities serving the improvement;
(E) a Phase I environmental assessment and such other environmental
report reasonably requested by the U.S. Administrative Agent regarding each of
the Coosa Pines Mill Real Property and the Grenada Mill Real Property, in each
case prepared by an environmental engineering firm acceptable to the U.S.
Administrative Agent showing no environmental conditions in violation of
Environmental Laws or liabilities under Environmental Laws, either of which
could reasonably be expected to have a Material Adverse Effect; and
(F) such other certificates, documents and information (including,
without limitation, engineering and structural reports, permanent certificates
of
occupancy and evidence of zoning compliance, in each case, with respect to
each
of the Coosa Pines Mill Real Property and the Grenada Mill Real Property) as
may be reasonably requested by the U.S. Administrative Agent, all in form,
consent and scope reasonably satisfactory to the U.S. Administrative Agent.”
(c) Amendment to Section 12.1 (d). Section 12.1 (d) of the Credit Agreement is
hereby amended and restated in its entirety as follows:
“(d) The U.S. Borrower, the Borrower or any other Credit Party shall default in the
performance or observance of any covenant or agreement contained in Sections 5.4,
3. Conditions to Effectiveness. Upon the satisfaction of each of the following
conditions, this Agreement shall be deemed to be effective as of the date hereof:
(a) the U.S. Administrative Agent shall have received counterparts of this Agreement executed
by the Administrative Agent (on behalf of itself and each of the Consenting Lenders by virtue of
each Consenting Lender’s execution of a Lender Authorization), the Borrower, the Original U.S.
Borrower, the Parent and the Grantors;
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(b) the U.S. Administrative Agent shall have received executed Lender Authorizations from
the requisite Consenting Lenders;
(c) the Administrative Agent shall have been reimbursed for all fees and out-of-pocket
charges and other expenses incurred in connection with this Agreement, including, without
limitation, the reasonable fees and disbursements of counsel for the Administrative Agent;
(d) the Administrative Agent shall have received a corresponding amendment to the U.S.
Credit Agreement, in form and substance substantially consistent with this Agreement (with
such changes as are applicable only to the U.S. Credit Agreement), duly executed by the U.S.
Administrative Agent, the Original U.S. Borrower, the Parent, each U.S. Subsidiary Guarantor
and the requisite Consenting Lenders (whether directly or through a lender authorization); and
(e) the Administrative Agent shall have received such other instruments, documents and
certificates as the Administrative Agent shall reasonably request in connection with the
execution of this Agreement.
4. Effect of the Agreement. Except as expressly provided herein, the Credit Agreement and
the other Loan Documents shall remain unmodified and in full force and effect. Except as
expressly set forth herein, this Agreement shall not be deemed (a) to be a waiver of, or
consent to, a modification or amendment of, any other term or condition of the Credit
Agreement or any other Loan Document, (b) to prejudice any other right or rights which the
Administrative Agent or the Lenders may now have or may have in the future under or in
connection with the Credit Agreement or the other Loan Documents or any of the instruments or
agreements referred to therein, as the same may be amended, restated, supplemented or
otherwise modified from time to time, (c) to be a commitment or any other undertaking or
expression of any willingness to engage in any further discussion with the Borrower, the U.S.
Borrower or any other Person with respect to any waiver, amendment, modification or any other
change to the Credit Agreement or the Loan Documents or any rights or remedies arising in
favor of the Lenders or the Administrative Agent, or any of them, under or with respect to any
such documents or (d) to be a waiver of, or consent to or a modification or amendment of, any
other term or condition of any other agreement by and among the Borrower and the U.S.
Borrower, on the one hand, and the Administrative Agent or any other Lender, on the other
hand. References in the Credit Agreement to “this Agreement” (and indirect references such as
“hereunder”, “hereby”, “herein”, and “hereof) and in any Loan Document to the Credit Agreement
shall be deemed to be references to the Credit Agreement as modified hereby.
5. Representations and Warrenties/No Default. By their execution hereof,
(a) the Borrower, the Original U.S. Borrower and each Grantor hereby certifies,
represents and warrants to the Administrative Agent and the Lenders that after giving effect
to the amendments set forth in Section 2 above, each of the representations and warranties set
forth in the Credit Agreement and the other Loan Documents is true and correct in all material
respects as of the date hereof (except to the extent that (i) any such representation or
warranty that is qualified by materiality or by reference to Material Adverse Effect, in which
case such representation or warranty is true and correct in all respects as of the date hereof
or (ii) any such representation or warranty relates only to an earlier date, in which case
such representation or
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warranty shall remain true and correct as of such earlier date) and that no Default or Event of
Default has occurred or is continuing;
(b) the Borrower, the Original U.S. Borrower, the Parent and each of the Grantors hereby
certifies, represents and warrants to the Administrative Agent and the Lenders that:
(i) it has the right, power and authority and has taken all necessary corporate
and other action to authorize the execution, delivery and performance of this Agreement
and each of the other documents executed in connection herewith to which it is a party
in accordance with their respective terms and the transactions contemplated hereby; and
(ii) this Agreement and each other document executed in connection herewith has
been duly executed and delivered by the duly authorized officers of the Borrower, the
Original U.S. Borrower, the Parent and each of the Grantors, and each such document
constitutes the legal, valid and binding obligation of the Borrower, the Original U.S.
Borrower, the Parent and each of the Grantors, enforceable in accordance with its terms,
except as may be limited by bankruptcy, insolvency, reorganization, moratorium or
similar state or federal debtor relief laws from time to time in effect which affect the
enforcement of creditors’ rights in general and the availability of equitable remedies.
6. Reaffirmations. Each Credit Party (a) agrees that the transactions contemplated by this
Agreement shall not limit or diminish the obligations of such Person under, or release such
Person from any obligations under the Credit Agreement, the applicable Guaranty Agreement, the
Collateral Agreement and each other Security Document to which it is a party, (b) confirms and
reaffirms its obligations under the Credit Agreement, the applicable Guaranty Agreement, the
Collateral Agreement and each other Security Document to which it is a party and (c) agrees that
the Credit Agreement, the applicable Guaranty Agreement, the Collateral Agreement and each other
Security Document to which it is a party remain in full force and effect and are hereby ratified
and confirmed.
7. Acknowledgement by Parent. The Parent hereby acknowledges receipt of a copy of the
Credit Agreement and agrees, for the benefit of the Administrative Agent and the Secured
Parties, to be bound thereby and to comply with the terms thereof insofar as such terms are
applicable to it (including, without limitation, Sections 7.1(f), 10.6(i) and 12.1(o)).
8. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK,
WITHOUT REFERENCE TO THE CONFLICTS OF LAW PRINCIPLES THEREOF.
9. Counterparts. This Agreement may be executed by one or more of the parties hereto in any
number of separate counterparts and all of said counterparts taken together shall be deemed to
constitute one and the same instrument.
10. Electronic Transmission. A facsimile, telecopy, pdf or other reproduction of this
Agreement may be executed by one or more parties hereto, and an executed copy of this Agreement
may be delivered by one or more parties hereto by facsimile or similar instantaneous electronic
transmission device pursuant to which the signature of or on behalf of such party can
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be seen, and such execution and delivery shall be considered valid, binding and effective for all
purposes. At the request of any party hereto, all parties hereto agree to execute an original of
this Agreement as well as any facsimile, telecopy, pdf or other reproduction hereof.
[Signature Pages Follow]
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the date and year first above written.
BORROWER: BOWATER CANADIAN FOREST PRODUCTS INC. |
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By: | /s/ Xxxxxxx X. xxxxxx | |||
Name: | Xxxxxxx X. xxxxxx | |||
Title: | SVP and CFO | |||
PARENT: ABITIBIBOWATER INC. |
||||
By: | /s/ Xxxxxxx X. xxxxxx | |||
Name: | Xxxxxxx X. xxxxxx | |||
Title: | SVP and CFO | |||
PARENT GRANTORS: BOWATER INCORPORATED |
||||
By: | /s/ Xxxxxxx X. xxxxxx | |||
Name: | Xxxxxxx X. xxxxxx | |||
Title: | SVP and CFO | |||
BOWATER CANADIAN HOLDINGS INCORPORATED |
||||
By: | /s/ Xxxxxxx X. xxxxxx | |||
Name: | Xxxxxxx X. xxxxxx | |||
Title: | Vice President | |||
[Signature
Pages Continue]
[Fifth Amendment—Bowater Canada]
SUBSIDIARY GRANTORS: BOWATER CANADA FINANCE LIMITED PARTNERSHIP |
||||
By: | BOWATER CANADA TREASURY CORPORATION, its general partner |
|||
By: | /s/ Xxxxxxx X. xxxxxx | |||
Name: | Xxxxxxx X. xxxxxx | |||
Title: | President | |||
BOWATER SHELBURNE CORPORATION |
||||
By: | /s/ Xxxxx X. Xxxxx | |||
Name: | Xxxxx X. Xxxxx | |||
Title: | Vice President and Treasurer | |||
BOWATER LAHAVE CORPORATION |
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By: | /s/ Xxxxxxx X. Xxxxxxxxx | |||
Name: | Xxxxxxx X. Xxxxxxxxx | |||
Title: | Asst. Secretary | |||
[Signature
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[Fifth Amendment—Bowater Canada]
THE BANK OF NOVA SCOTIA, as Administrative Agent (on behalf of itself and the Consenting Lenders who have executed a Lender Authorization) and as Issuing Lender and Lender |
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By: | /s/ Xxxxxx Xxxxxxxx | |||
Name: | Xxxxxx Xxxxxxxx | |||
Title: | Director | |||
Loan Documents (as defined in the Canadian Credit Agreement) to which Canadian Lenders are parties
and shall have the rights and obligations of a “Lender” (as defined in the Canadian Credit
Agreement), and agrees to be bound by the terms and provisions applicable to a “Lender” under each
such agreement. In furtherance of the foregoing, each financial institution executing this Lender
Authorization agrees to execute any additional documents reasonably requested by the U.S.
Administrative Agent or the Canadian Administrative Agent, as applicable, to evidence such
financial institution’s rights and obligations under the U.S. Credit Agreement or the Canadian
Credit Agreement, as applicable.
A facsimile, telecopy, pdf or other reproduction of this Lender Authorization may be executed
by one or more parties hereto, and an executed copy of this Lender Authorization may be delivered
by one or more parties hereto by facsimile or similar instantaneous electronic transmission device
pursuant to which the signature of or on behalf of such party can be seen, and such execution and
delivery shall be considered valid, binding and effective for all purposes.
The Bank of Nova Scotia | ||||
By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Director | |||
By: | /s/ Xxxxxx Xxxxx | |||
Name: | Xxxxxx Xxxxx | |||
Title: | Associate | |||
Loan Documents (as defined in the Canadian Credit Agreement) to which Canadian Lenders are parties
and shall have the rights and obligations of a “Lender” (as defined in the Canadian Credit
Agreement), and agrees to be bound by the terms and provisions applicable to a “Lender” under each
such agreement. In furtherance of the foregoing, each financial institution executing this Lender
Authorization agrees to execute any additional documents reasonably requested by the U.S.
Administrative Agent or the Canadian Administrative Agent, as applicable, to evidence such
financial institution’s rights and obligations under the U.S. Credit Agreement or the Canadian
Credit Agreement, as applicable.
A facsimile, telecopy, pdf or other reproduction of this Lender Authorization may be executed
by one or more parties hereto, and an executed copy of this Lender Authorization may be delivered
by one or more parties hereto by facsimile or similar instantaneous electronic transmission device
pursuant to which the signature of or on behalf of such party can be seen, and such execution and
delivery shall be considered valid, binding and effective for all purposes,
Toronto Dominion Batik, | ||||
By: | /s/ Xxxxxxx Xxxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxxx | |||
Title: | Managing Director | |||
Loan Documents (as defined in the Canadian Credit Agreement) to which Canadian Lenders are parties
and shall have the rights and obligations of a “Lender” (as defined in the Canadian Credit
Agreement), and agrees to be bound by the terms and provisions applicable to a “Lender” under each
such agreement. In furtherance of the foregoing, each financial institution executing this Lender
Authorization agrees to execute any additional documents reasonably requested by the U.S.
Administrative Agent or the Canadian Administrative Agent, as applicable, to evidence such
financial institution’s rights and obligations under the U.S. Credit Agreement or the Canadian
Credit Agreement, as applicable.
A facsimile, telecopy, pdf or other reproduction of this Lender Authorization may be executed
by one or more parties hereto, and an executed copy of this Lender Authorization may be delivered
by one or more parties hereto by facsimile or similar instantaneous electronic transmission device
pursuant to which the signature of or on behalf of such party can be seen, and such execution and
delivery shall be considered valid, binding and effective for all purposes.
BANK OF MONTREAL |
||||
By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Director | |||
[Fifth Amendment—Bowater Canada]
Loan Documents (as defined in the Canadian Credit Agreement) to which Canadian Lenders are parties
and shall have the rights and obligations of a “Lender” (as defined in the Canadian Credit
Agreement), and agrees to be bound by the terms and provisions applicable to a “Lender” under each
such agreement. In furtherance of the foregoing, each financial institution executing this Lender
Authorization agrees to execute any additional documents reasonably requested by the U.S.
Administrative Agent or the Canadian Administrative Agent, as applicable, to evidence such
financial institution’s rights and obligations under the U.S. Credit Agreement or the Canadian
Credit Agreement, as applicable.
A facsimile, telecopy, pdf or other reproduction of this Lender Authorization may be executed
by one or more parties hereto, and an executed copy of this Lender Authorization may be delivered
by one or more parties hereto by facsimile or similar instantaneous electronic transmission device
pursuant to which the signature of or on behalf of such party can be seen, and such execution and
delivery shall be considered valid, binding and effective for all purposes.
Export Development Canada | ||||
By: | /s/ Xxxxxxx Xxxxxx | |||
Name: | Xxxxxxx Xxxxxx | |||
Title: | Asset Manager | |||
By: | /s/ Xxxxxx Xxxxxxxx | |||
Name: | Xxxxxx Xxxxxxxx | |||
Title: | Loan Portfolio Manager | |||
Loan Documents (as defined in the Canadian Credit Agreement) to which Canadian Lenders are
parties and shall have the rights and obligations of a “Lender” (as defined in the Canadian Credit
Agreement), and agrees to be bound by the terms and provisions applicable to a “Lender” under
each such agreement. In furtherance of the foregoing each financial institution executing this
Lender Authorization agrees to execute any additional documents reasonably requested by the
U.S. Administrative Agent or the Canadian Administrative Agent, as applicable, to evidence
such financial institution’s rights and obligations under the U.S. Credit Agreement or the
Canadian Credit Agreement, as applicable.
A
facsimile, telecopy, pdf or other reproduction of this Lender Authorization may be
executed by one or more parties hereto, and an executed copy of this Lender Authorization may
be delivered by one or more parties hereto by facsimile or similar instantaneous electronic
transmission device pursuant to which the signature of or on behalf of such party can be seen,
and such execution and delivery shall be considered valid, binding and effective for all purposes.
Bank of America, N.A. (Canada branch) |
||||
By: | /s/ Modina Sales xx Xxxxxxx | |||
Name: | Modina Sales xx Xxxxxxx | |||
Title: | Vice President | |||