FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
Exhibit 4.1
FIRST AMENDMENT
TO AMENDED AND RESTATED CREDIT AGREEMENT
TO AMENDED AND RESTATED CREDIT AGREEMENT
THIS FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is made
as of January 12, 2007, by and among NASHUA CORPORATION, a Massachusetts corporation (the
“Borrower”), the lenders party hereto (herein collectively called the “Lenders” and each
individually called a “Lender”), and LASALLE BANK NATIONAL ASSOCIATION, as a Lender and as Agent
for the Lenders.
W I T N E S S E T H:
WHEREAS, the Borrower and the Lenders are parties to that certain Amended and Restated Credit
Agreement dated as of March 30, 2006 (the “Existing Credit Agreement” and as the Existing Credit
Agreement is amended and modified by this Amendment, the “Amended Credit Agreement”);
WHEREAS, Borrower has requested that the Lenders modify the Existing Credit Agreement in
certain respects; and
WHEREAS, the Lenders are willing to modify the Existing Credit Agreement in certain respects
subject to the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the premises contained herein and other good and valuable
consideration, it is agreed that:
SECTION 1
DEFINED TERMS
Capitalized terms not defined herein shall have the meanings ascribed to such terms in the
Existing Credit Agreement.
SECTION 2
AMENDMENT TO EXISTING CREDIT AGREEMENT
2.1 Amendment to Revolving Commitment Amount. The definition of “Revolving
Commitment Amount” in Section 1.1 of the Existing Credit Agreement is hereby amended by deleting
the reference to “$35,000,000” contained therein and substituting “$20,000,000” therfor.”
2.2 Substitution of Schedule 2.1. Schedule 2.1 to the Existing Credit Agreement is
hereby amended by deleting the schedule in its entirety and substituting Attachment 1 to
this Amendment therefor.
1
SECTION 3
REPRESENTATIONS AND WARRANTIES
Borrower hereby represents and warrants to Lenders that:
3.1 Due Authorization, etc. The execution and delivery of this Amendment and the
performance of Borrower’s obligations under the Amended Credit Agreement are duly authorized by all
necessary corporate, do not require any filing or registration with or approval or consent of any
governmental agency or authority, do not and will not conflict with, result in any violation of or
constitute any default under any provision of its certificate of incorporation or organization, as
applicable, or by-laws or limited liability company agreement, as applicable, or that of any of its
Subsidiaries or any material agreement or other document binding upon or applicable to it or any of
its Subsidiaries (or any of their respective properties) or any material law or governmental
regulation or court decree or order applicable to it or any of its Subsidiaries, and will not
result in or require the creation or imposition of any Lien in any of its properties or the
properties of any of its Subsidiaries pursuant to the provisions of any agreement binding upon or
applicable to it or any of its Subsidiaries.
3.2 Validity. This Amendment has been duly executed and delivered by Borrower and,
together with the Amended Credit Agreement, are the legal, valid and binding obligations of
Borrower to the extent Borrower is a party thereto, enforceable against Borrower in accordance with
their respective terms subject, as to enforcement only, to bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting the enforceability of the rights of creditors generally.
3.3 Representations and Warranties. The representations and warranties contained in
Section 9 of the Existing Credit Agreement are true and correct on the date of this Amendment,
except to the extent that such representations and warranties (a) solely relate to an earlier date
or (b) have been changed by circumstances permitted by the Amended Credit Agreement.
SECTION 4
CONDITIONS PRECEDENT
The amendment set forth in Section 2 of this Amendment shall become effective upon
satisfaction of all of the following conditions precedent:
4.1 Receipt of Documents. Agent shall have received all of the following, each in
form and substance satisfactory to Agent:
(a) Amendment. A counterpart original of this Amendment duly executed by
Borrower.
2
(b) Secretary’s Certificate. A certificate of the secretary of Borrower dated
the date of the execution of this Amendment substantially in the form of Exhibit A
to this Amendment.
(c) Officer’s Certificate. A certificate of the chief financial officer of
Borrower dated the date of the execution of this Amendment, substantially in the form of
Exhibit B to this Amendment.
(d) Other. Such other documents as Agent may reasonably request.
4.2 Other Conditions. No Event of Default or Default shall have occurred and be
continuing.
SECTION 5
MISCELLANEOUS
5.1 Warranties and Absence of Defaults. In order to induce Lenders to enter into this
Amendment, Borrower hereby warrants to Lenders, as of the date of the actual execution of this
Amendment, that (a) no Event of Default or Default has occurred which is continuing as of such date
and (b) the representations and warranties in Section 3 of this Amendment are true and correct.
5.2 Documents Remain in Effect. Except as amended and modified by this Amendment, the
Existing Credit Agreement and the other documents executed pursuant to the Existing Credit
Agreement remain in full force and effect and Borrower hereby ratifies, adopts and confirms its
representations, warranties, agreements and covenants contained in, and obligations and liabilities
under, the Existing Credit Agreement and the other documents executed pursuant to the Existing
Credit Agreement.
5.3 Reference to Credit Agreement. On and after the effective date of this Amendment,
each reference in the Amended Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein”
or words of like import, and each reference to the “Credit Agreement” in any Note and in any Loan
Document, or other agreements, documents or other instruments executed and delivered pursuant to
the Amended Credit Agreement, shall mean and be a reference to the Amended Credit Agreement.
5.4 Headings. Headings used in this Amendment are for convenience of reference only,
and shall not affect the construction of this Amendment.
5.5 Counterparts. This Amendment may be executed in any number of counterparts, and
by the parties hereto on the same or separate counterparts, and each such counterpart, when
executed and delivered, shall be deemed to be an original, but all such counterparts shall together
constitute but one and the same Amendment.
3
5.6 Expenses. Borrower agrees to pay on demand all costs and expenses of Lenders
(including reasonable fees, charges and disbursements of Lenders’ attorneys) in connection with the
preparation, negotiation, execution, delivery and administration of this Amendment and all other
instruments or documents provided for herein or delivered or to be delivered hereunder or in
connection herewith. In addition, Borrower agrees to pay, and save Lenders harmless from all
liability for, any stamp or other taxes which may be payable in connection with the execution or
delivery of this Amendment, the borrowings under the Amended Credit Agreement, and the execution
and delivery of any instruments or documents provided for herein or delivered or to be delivered
hereunder or in connection herewith. All obligations provided in this Section 5.6 shall survive
any termination of this Amendment or the Amended Credit Agreement.
5.7 Governing Law. This Amendment shall be a contract made under and governed by the
internal laws of the State of Illinois. Wherever possible, each provision of this Amendment shall
be interpreted in such a manner as to be effective and valid under applicable laws, but if any
provision of this Amendment shall be prohibited by or invalid under such laws, such provisions
shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the
remainder of such provision or the remaining provisions of this Amendment.
5.8 Successors. This Amendment shall be binding upon Borrower, Lenders and their
respective successors and assigns, and shall inure to the benefit of Borrower, Lenders and the
successors and assigns of Lenders.
[signature page attached]
4
IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first written
above.
| NASHUA CORPORATION | ||||||
| By: Title: |
/s/ Xxxx X. Xxxxxxxxx
|
|||||
| LASALLE BANK NATIONAL ASSOCIATION, as Agent and Lender |
||||||
| By: Title: |
/s/ Xxx X. Xxxxxx
|
|||||
| BANK OF AMERICA, as a Lender | ||||||
| By: | /s/ Xxxxxxxxx X. Xxxxxx
|
|||||
| Title: | Vice President | |||||
Attachment 1
Revised Schedule 2.1
[see attached]
SCHEDULE 2.1
BANKS AND PRO RATA SHARES
SCHEDULE 2.1
BANKS AND PRO RATA SHARES
| Pro Rata Share | ||||||||
| Of Revolving | ||||||||
| Bank | Commitment Amount | Pro Rata Share | ||||||
LaSalle Bank National
Association |
$ | 10,000,000 | 50.000000000 | % | ||||
Bank of America |
$ | 10,000,000 | 50.000000000 | % | ||||
TOTALS |
$ | 20,000,000 | 100.000000000 | % | ||||
