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EXHIBIT 10.1.1
FIRST AMENDMENT TO CREDIT AGREEMENT
FIRST AMENDMENT, dated as of March 27, 1997 (this "Amendment"), to the
CREDIT AGREEMENT, dated as of April 17, 1996 (as the same may be amended,
supplemented or otherwise modified from time to time, the "Credit Agreement"),
among Xxxxx-Xxxxxxxx, Inc., a Delaware corporation (the "Borrower"),
Xxxxx-Xxxxxxxx Holdings, Inc., a Delaware corporation (the "Parent"), each of
the lenders identified on the signature pages thereof and their successors and
assigns (the "Lenders"), The Chase Manhattan Bank (as successor to Chemical
Bank), as Administrative Agent, Collateral Agent, Documentation Agent and
Syndication Agent, The Chase Manhattan Bank Delaware, as Issuing Bank and
Bankers Trust Company, Fleet National Bank, and NationsBank, N.A. as Co-Agents.
W I T N E S S E T H :
WHEREAS, the parties hereto desire to amend the Credit Agreement on the
terms and subject to the conditions set forth herein;
NOW, THEREFORE, in consideration of the premises and the mutual
agreements contained herein, the parties hereto agree as follows:
SECTION 1. DEFINITIONS
1.1 Defined Terms. Unless otherwise defined herein, terms defined in
the Credit Agreement shall be used herein as defined therein.
SECTION 2. AMENDMENT OF CREDIT AGREEMENT
2.1 Amendment of Section 2.12(d) of the Credit Agreement. Section
2.12(d) of the Credit Agreement is amended by deleting the period (".") at the
end thereof and replacing it with the following:
"provided that for the fiscal year ending December 28, 1996, the
Borrower may prepay outstanding Term Loans at any time prior to the
date on which the financial statements with respect to such fiscal year
are delivered pursuant to Section 5.04, and for the purpose of
calculating the Leverage Ratio for this Section 2.12(d) only, such
prepayment will be deemed to have been made prior to the end of such
fiscal year."
SECTION 3. MISCELLANEOUS
3.1 Limited Effect. Except as expressly amended hereby, the Credit
Agreement is, and shall remain, in full force and effect in accordance with its
terms.
3.2 Effectiveness. This Amendment shall become effective as of the date
hereof upon receipt by the Administrative Agent of a counterpart hereof duly
executed by the Borrower, the Parent and the Required Lenders.
3.3 Counterparts. This Amendment may be executed by one or more of the
parties hereto on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument.
3.4 GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, 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 and delivered as of the day and year first above written.
XXXXX-XXXXXXXX, INC.
By: /s/ Xxxxxx X. Xxxxxxxx
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Name: Xxxxxx X. Xxxxxxxx
Title: Chief Financial Officer & Treasurer
XXXXX-XXXXXXXX HOLDINGS, INC.
By: /s/ Xxxxxx X. Xxxxxxxx
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Name: Xxxxxx X. Xxxxxxxx
Title: Chief Financial Officer & Treasurer
THE CHASE MANHATTAN BANK, individually and
as Administrative Agent, Collateral Agent,
Documentation Agent and Syndication Agent
By: /s/ Xxxxx Xxxxxxxx
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Name: Xxxxx Xxxxxxxx
Title: Vice President
BANKERS TRUST COMPANY, individually and
as Co-agent
By: /s/ Xxxxxxxx Xxxxx
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Name: Xxxxxxxx Xxxxx
Title: Vice President
FLEET NATIONAL BANK, individually and
as Co-Agent
By: /s/ Xxxxx X.X. Alto
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Name: Xxxxx E.C. Alto
Title: Vice President
NATIONSBANK, N.A., individually and
as Co-Agent
By: /s/ Xxxxxxx X. Xxxxxxxxx, Xx.
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Name: Xxxxxxx X. Xxxxxxxxx, Xx.
Title: Vice President
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BHF-BANK AKTIENGESELLSCHAFT, as a Lender
By: /s/ Xxxxxx X. Xxxxxx
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Name: Xxxxxx X. Xxxxxx
Title: Vice President
By: /s/ Xxxxxxxxxxx Xxxxx
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Name: Xxxxxxxxxxx Xxxxx
Title: Assistant Treasurer
