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EXHIBIT 4.9
BANKBOSTON, N.A.
000 Xxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Dated as of November 4, 1998
VIA FACSIMILE
To each of the Lenders (as defined below)
and each of the Borrowers (as defined below)
RE: NATIONSRENT, INC.
NOTICE OF:
CONFIRMATORY AMENDMENT NO. 3
Ladies and Gentlemen:
Reference is hereby made to that certain Second Amended and Restated
Revolving Credit and Term Loan Agreement, dated as of September 24, 1998, among
NationsRent, Inc. (the "Parent"), its Subsidiaries (collectively with the
Parent, the "Borrowers"), BankBoston, N.A. ("BKB") and the other lending
institutions listed on SCHEDULE 1 thereto (collectively, the "Lenders"),
BankBoston, N.A., as administrative agent (the "Administrative Agent"), LaSalle
National Bank, as documentation agent for the Lenders, and Fleet Bank, N.A. and
NationsBank, N.A., as co-agents for the Lenders, as amended by the Amendment
No. 1 and Consent to Second Amended and Restated Revolving Credit and Term Loan
Agreement ("Amendment No. 1"), dated as of October 9, 1998, among the
Borrowers, the Lenders and the other parties named therein, as further amended
by the Second Amendment, dated as of November 2, 1998, among the Borrowers, the
Lenders and the other parties named therein (as amended, restated, modified or
supplemented and in effect from time to time, the "Credit Agreement").
All capitalized terms used herein without definitions shall have the
meanings given such terms in the Credit Agreement. References in the Credit
Agreement to the Total Commitment and Term Loan shall be deemed to refer to the
Total Commitment and Term Loan as amended hereby.
1. REALLOCATION OF LOANS. Pursuant to Section 2 of Amendment No. 1,
the Administrative Agent hereby notifies you of the reallocation of the
aggregate dollar amounts of the Commitments and the Term Loan such that the
Total Commitment shall be equal to $284,000,000 and the Term Loan shall be
equal to $151,000,000. BKB hereby consents to the reduction by $10,000,000 of
its portion of the Term Loan, subject to the assignment provisions of the
Assignment and Acceptance, dated as of the date hereof, among BKB, Bay View
Bank, Bay View Financial Corporation, the Borrowers and the
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Administrative Agent. SCHEDULE 1 attached hereto sets forth the respective
Commitment, Commitment Percentage, Term Loan and Term Loan Percentage of each
Lender after giving effect to such reallocation and assignment.
2. AMENDMENT TO LOAN DOCUMENTS. Pursuant to Section 2 of Amendment No.
1, the Administrative Agent hereby makes the following confirmatory amendments
to the Credit Agreement to effect the reallocations described herein:
(a) The definition of "Term Loan" in Section 1.1 of the Credit
Agreement is hereby amended by deleting the number "$161,000,000" as it appears
therein and substituting in lieu thereof the number "$151,000,000".
(b) Section 2.1 of the Credit Agreement is hereby amended by deleting
the number "$274,000,000" as it appears therein and substituting in lieu
thereof the number "$284,000,000".
(c) Section 3.1 of the Credit Agreement is hereby amended by deleting
the number "$161,000,000" as it appears therein and substituting in lieu
thereof the number "$151,000,000".
(d) SCHEDULE 1 of the Credit Agreement is hereby amended by deleting
such schedule in its entirety and substituting therefor the SCHEDULE 1 attached
hereto and all references in the Credit Agreement to Schedule 1 shall read and
be deemed to refer to refer to the SCHEDULE 1 attached hereto.
Please acknowledge your receipt of this Notice of Confirmatory
Amendment No. 3 by signing this letter and returning the same to the attention
of Xxxxxxxxx X. Xx Xxxx, Esq. via facsimile at (000) 000-0000.
Sincerely,
BANKBOSTON, N.A., individually and as
Administrative Agent
By: /s/ Xxxxxxx X. Xxxxxxx
---------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Director
RECEIPT ACKNOWLEDGED:
By: /s/
----------------------------------
Institution:
-------------------------
Date:
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SCHEDULE 1
------------------------------------- ---------------------------- -----------------------------
REVOLVING CREDIT FACILITY TERM LOAN FACILITY
------------------------------------- ---------------------------- -----------------------------
COMMITMENT TERM LOAN
LENDER COMMITMENT PERCENTAGE TERM LOAN PERCENTAGE
===================================== ============ =============== ============== xxxxxxxxxxxxxx
XXXXXXXXXX, X.X.000 Xxxxxxx Xxxxxx,
Xxxxxx, XX 00000 $35,000,000 12.3239436620% $96,500,000 63.9072847682%
Attn: Xxxxxxx Xxxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
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LASALLE NATIONAL BANK
000 Xxxxx XxXxxxx Xxxxxx $35,000,000 12.3239436620% $0.00 0.00%
Xxxxxxx, XX 00000
Attn: Xxxxx Xxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
NATIONSBANK, N.A.
0 Xxxx Xxxxxxx Xxxx., 0xx Xxxxx $35,000,000 12.3239436620% $0.00 0.00%
Ft. Xxxxxxxxxx, XX 00000
Attn: Xxxxxxx Xxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
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FLEET BANK, N.A.
1185 Avenue of the Americas $25,000,000 8.8028169014% $0.00 0.00%
Xxx Xxxx, XX 00000
Attn: Xxxxxxxxxxx Xxxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
HUNTINGTON NATIONAL BANK
00 X. Xxxx Xxxxxx, 0xx xxxxx $20,000,000 7.0422535211% $0.00 0.00%
Xxxxxxxx, XX 00000
Attn: Xxxx Xxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
FIFTH THIRD BANK OF COLUMBUS
00 Xxxx Xxxxx Xxxxxx $15,000,000 5.2816901408% $0.00 0.00%
Xxxxxxxx, XX 00000
Attn: Xxxxxxx Xxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
COMERICA BANK
000 Xxxxxxxx Xxxxxx $15,000,000 5.2816901408% $0.00 0.00%
Xxxxxxx, XX 00000
Attn: Xxx Xxxxx
Telephone: 000-000-0000
Telecopier: 313-222-3330
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FIRST UNION NATIONAL BANK
000 Xxxxx Xxxxxxx Xxxxxx,XX-0 $15,000,000 5.2816901408% $0.00 0.00%
Xxxxxxxxx, XX 00000-0000
Attn: Xxxxx Xxxxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
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DEUTSCHE BANK AG
00 Xxxx 00xx Xxxxxx $15,000,000 5.2816901408% $0.00 0.00%
Xxx Xxxx, XX 00000
Attn: Xxxx Xxxxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
XXXXXXX
00 Xxxxx Xxxxxx $15,000,000 5.2816901408% $0.00 0.00%
Xxxxxx, XX 00000
Attn: Xxxxx Xxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
BANKERS TRUST COMPANY
000 Xxxxxxx Xxxxxx, 00xx floor $10,000,000 3.5211267606% $0.00 0.00%
Xxx Xxxx, XX 00000
Attn: Xxxxx Xxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
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NATIONAL CITY BANK
0000 X. 0xx Xxxxxx $10,000,000 3.5211267606% $4,000,000 2.0000000000%
Xxxxxxxxx, XX 00000
Attn: Xxxxxx Xxxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
GENERAL ELECTRIC CAPITAL CORPORATION
000 Xxxx Xxxxx Xxxx $15,000,000 5.2816901408% $5,000,000 3.3112582781%
Xxxxxxxx X, Xxxxx 0
Xxxxxxxx, XX 00000
Attn: Xxxxx Xxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
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CITICORP DEL-LEASE, INC.
000 Xxxxxxxxxx Xxx. $0.00 0.00% $25,000,000.00 16.5562913907%
Xxxxxxxx, XX 00000
Attn: Xxxx Xxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
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ERSTE BANK DER OESTERREICHISCHEN
SPARKASSEN AG $4,000,000 1.4084507042% $8,000,000 5.2980132450%
000 Xxxx Xxxxxx
Xxxx Xxxxxxxx
Xxx Xxxx, XX 00000
Attn: Xxxx Xxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
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FIRST SOURCE FINANCIAL
00000 X. Xxxx Xxxx, 0xx Xxxxx $0.00 0.00% $12,500,000 8.2781456954%
Xxxxxxx Xxxxxxx, XX 00000
Attn: Xxxxxxx Xxxxxx
Telephone: 000-000-0000
Telecopier: 847-734-7910
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UNION PLANTERS BANK
0000 X. Xxxxxxx Xxxx Xxxx. $10,000,000 3.5211267606% $0.00 0.00%
0xx Xxxxx
Xxxx Xxxxxxxxxx, XX 00000
Attn: Xxx Xxxxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
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BAY VIEW FINANCIAL CORPORATION $10,000,000 3.5211267606% $0.00 $0.00
BAY VIEW BANK
00000 Xxxxxxx Xxxxxxxxx
Xxxxx 000
Xxxxxx, XX 00000
Attn: Xxxx Spring
Telephone: 000-000-0000
Telecopier: 000-000-0000
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TOTAL $284,000,000 100.00000000% $151,000,000 100.00000000%
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