WAIVER AND SECOND AMENDMENT TO CREDIT AGREEMENT
Exhibit 10.1
Execution Version
WAIVER AND SECOND AMENDMENT TO CREDIT AGREEMENT
THIS WAIVER AND SECOND AMENDMENT TO CREDIT AGREEMENT (this “Waiver and Second Amendment”) dated as of September 29, 2015, by and among C&J Energy Services Ltd., as Parent, XX Xxx Holdings S.à x.x., a Luxembourg private limited liability company (société à responsabilité limitée), having its registered office at 00, xxx Xxxxxx Xxxxxxxx, X-0000 Xxxxxxxxxx, having a share capital of $2,000,000 and registered with the Luxembourg Register of Commerce and Companies under number B190.857, as Luxembourg Borrower, CJ Holding Co., as U.S. Borrower (Parent, Luxembourg Borrower and U.S. Borrower collectively, the “Borrowers”), certain other Loan Parties identified on the signature pages hereto, certain Revolving Lenders party hereto (the “Consenting Revolving Lenders”) and certain Tranche B-1 Term Lenders party hereto (the “Consenting Tranche B-1 Lenders” and together with the Consenting Revolving Lenders, the “Consenting Lenders”), and Bank of America, N.A. (the “Administrative Agent”), as Administrative Agent, Swing Line Lender and L/C Issuer.
W I T N E S S E T H :
WHEREAS, the Borrowers, the banks and other financial institutions and lenders party thereto and the Administrative Agent are party to that certain Credit Agreement dated as of March 24, 2015 (as amended and restated by that certain First Amendment to Credit Agreement dated as of the same date) (the “Existing Credit Agreement”);
WHEREAS, pursuant to and in accordance with Section 10.01 of the Existing Credit Agreement, the Borrowers have requested that the Existing Credit Agreement be amended so as to supplement and modify the financial covenants contained in Section 7.11 of the Existing Credit Agreement;
WHEREAS, Section 10.01 of the Existing Credit Agreement provides that Lenders holding more than 50% of the aggregate principal amount of the Revolving Credit Commitments and Initial Tranche B-1 Term Loans shall have the ability to waive, amend, supplement or modify the financial covenants set forth in Section 7.11 of the Existing Credit Agreement (including any defined terms related thereto) with respect to the Revolving Facility and the Initial Tranche B-1 Term Loan only without the consent or approval of any other Lender;
WHEREAS, unless the amendments to the Existing Credit Agreement are effectuated pursuant to this Waiver and Second Amendment, on September 30, 2015, Events of Default under Section 7.11(a) and (b) and Section 8.01(b) of the Existing Credit Agreement will occur for the fiscal period ending September 30, 2015;
WHEREAS, to effectively waive and address such potential Events of Default, the Consenting Lenders, the Administrative Agent, the L/C Issuer and the Swing Line Lender are willing to agree to the supplement and modification of the financial covenants provided for herein, in each case on the terms and subject to the conditions set forth herein; and
NOW, THEREFORE, for and in consideration of the above premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the parties hereto, the parties hereto hereby covenant and agree as follows:
1. Definitions. Unless otherwise specifically defined herein, each term used herein (and in the recitals above) which is defined in the Existing Credit Agreement shall have the meaning assigned to such term in the Existing Credit Agreement. Each reference to “hereof,” “hereunder,” “herein,” and “hereby” and each other similar reference and each reference to “the Agreement” and each other similar reference contained in the Existing Credit Agreement shall from and after the date hereof refer to the Existing Credit Agreement as waived and amended hereby.
2. Certain Amendments to Existing Credit Agreement.
The Loan Parties, the Administrative Agent, the L/C Issuer, the Swing Line Lender and the Consenting Lenders agree that on the Waiver and Second Amendment Effective Date, the Existing Credit Agreement shall be automatically and without the necessity of any further action waived and amended in accordance with the provisions set forth herein.
(a) Section 1.01 (Defined Terms) of the Existing Credit Agreement is hereby amended by inserting the following definitions in such Section 1.01 in the appropriate place to preserve the alphabetical order of the definitions in such Section 1.01:
“Capital Expenditures” means, with respect to any Person for any period, any expenditure in respect of the purchase or other acquisition of any fixed or capital asset (excluding normal replacements and maintenance which are properly charged to current operations); provided that Capital Expenditures shall not include expenditures made solely with (A) the proceeds of a common equity contribution to, or issuance of common Equity Interests by, Parent or (B) cash proceeds received from any Disposition pursuant to Section 7.05(c).
“Collateral Report” has the meaning specified in Section 7.11(c).
“Cumulative Cushion Amount” has the meaning specified in Section 7.11(d).
“Eligible Inventory” means all Inventory of Parent and its Subsidiaries that is subject to the Lien of the Collateral Documents, the value of which shall be determined by Parent in good faith as set forth in the most recent report delivered to the Administrative Agent pursuant to Section 8(a)(ii)(A) of the Waiver and Second Amendment by taking into consideration, among other factors, the lower of its cost and its book value determined in accordance with GAAP.
“Eligible Receivables” means all Receivables of Parent and its Subsidiaries that is subject to the Lien of the Collateral Documents, the value of which shall be determined by Parent in good faith as set forth in the most recent report delivered to the Administrative Agent pursuant to Section 8(a)(ii)(A) of the Waiver and Second Amendment taking into consideration, among other factors, their book value determined in accordance with GAAP; provided, however, that none of the following classes of Receivables shall be deemed to be Eligible Receivables regardless of whether such Receivables are subject to the Lien of the Collateral Documents:
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(a) Receivables related to the well services business segment of the Parent and its Subsidiaries outstanding more than 120 days past their original invoice date and other Receivables outstanding more than 90 days past their original invoice date; and
(b) Receivables owing from any Person that takes or is the subject of any action or proceeding of a type described in Section 8.01(f).
“Inventory” has the meaning specified in Section 1.3 of the U.S. Security Agreement as of the date of the Waiver and Second Amendment.
“Receivables” has the meaning specified in Section 1.3 of the U.S. Security Agreement as of the date of the Waiver and Second Amendment.
“Waiver and Second Amendment” means that certain Waiver and Second Amendment to Credit Agreement, dated as of September 29, 2015, among the Loan Parties, the Administrative Agent, the L/C Issuer, the Swing Line Lender and certain Lenders party thereto.
“Waiver and Second Amendment Effective Date” means the date on which the Waiver and Second Amendment shall have become effective in accordance with its terms.
(b) Section 7.11 (Financial Covenants) of the Existing Credit Agreement is hereby amended and restated in its entirety as follows:
“7.11 Financial Covenants.
(a) Consolidated Interest Coverage Ratio. Commencing with the fiscal quarter ended September 30, 2015, and solely with respect to the Revolving Facility and the Initial Tranche B-1 Term Loans, permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Parent to be less than the ratio set forth below with respect to the fiscal quarter ended on such date.
| Fiscal Quarter Ended |
Consolidated Interest Coverage Ratio | |
| September 30, 2015 | Not applicable | |
| December 31, 2015 | Not applicable | |
| March 31, 2016 | Not applicable | |
| June 30, 2016 | Not applicable | |
| September 30, 2016 | Not applicable | |
| December 31, 2016 | Not applicable | |
| March 31, 2017 | Not applicable | |
| June 30, 2017 | Not applicable | |
| September 30, 2017 | 2.50 to 1.00 | |
| December 31, 2017 | 2.50 to 1.00 | |
| March 31, 2018 | 2.75 to 1.00 | |
| June 30, 2018 and thereafter | 3.00 to 1.00 |
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(b) Consolidated Total Leverage Ratio. Commencing with the fiscal quarter ended September 30, 2015, and solely with respect to the Revolving Facility and the Initial Tranche B-1 Term Loans, permit the Consolidated Total Leverage Ratio as of the end of any fiscal quarter of the Parent to be greater than the ratio set forth below with respect to the fiscal quarter ended on such date.
| Fiscal Quarter Ended |
Maximum Consolidated | |
| September 30, 2015 | Not applicable | |
| December 31, 2015 | Not applicable | |
| March 31, 2016 | Not applicable | |
| June 30, 2016 | Not applicable | |
| September 30, 2016 | Not applicable | |
| December 31, 2016 | Not applicable | |
| March 31, 2017 | Not applicable | |
| June 30, 2017 | Not applicable | |
| September 30, 2017 | 5.50 to 1.00 | |
| December 31, 2017 | 5.00 to 1.00 | |
| March 31, 2018 | 4.50 to 1.00 | |
| June 30, 2018 | 4.25 to 1.00 | |
| September 30, 2018 and thereafter | 4.00 to 1.00 |
(c) Collateral Coverage. Commencing with the Waiver and Second Amendment Effective Date through the month ending March 31, 2018, and solely with respect to the Revolving Facility and the Initial Tranche B-1 Term Loans, permit the Total Revolving Outstandings (i) on the date on which a report is delivered in accordance with Section 8(a)(ii)(A) of the Waiver and Second Amendment (each, a “Collateral Report”) (or, in the event a Collateral Report is not delivered on or prior to the date when due, on such due date) and (ii) on the date of each Credit Extension, after giving effect to such Credit Extension on a Pro Forma Basis, to exceed: (A) $300,000,000 until Parent delivers the Collateral Report setting forth Eligible Receivables and Eligible Inventory for the month ended September 30, 2015; and (B) after Parent delivers such Collateral Report, the greater of (x) $300,000,000 and (y) the Dollar amount representing the value of 80% of Eligible Receivables plus the value of 50% of Eligible Inventory in the case of this clause (y) as reported in the most recent Collateral Report delivered pursuant to Section 8(a)(ii)(A) of the Waiver and Second Amendment; provided that the portion of clause (y) attributable to Eligible Inventory shall not exceed 50% of the total amount of clause (y).
(d) Minimum Cumulative Consolidated EBITDA. Commencing with the Waiver and Second Amendment Effective Date until the fiscal quarter ending June 30, 2017, and solely with respect to the Revolving Facility and the Initial Tranche B-1 Term Loans, permit the cumulative Consolidated EBITDA to be less than the amounts specified below for the relevant periods identified in the table below; provided, that if Consolidated EBITDA for any period is less than such amount, Parent may deem such Consolidated EBITDA be increased by some or all of the cumulative cushion amount, if any, set forth in the table below (“Cumulative Cushion Amounts”) for such period and only for the sole purpose of calculating compliance with this Section 7.11(d):
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| Period |
Minimum Cumulative Consolidated EBITDA |
Cumulative Cushion Amount |
||||||
| 3 months ending |
$ | (15,000,000 | ) | $ | 10,000,000 | |||
| 3 months ending |
$ | 10,000,000 | $ | 20,000,000 | ||||
| 6 months ending |
$ | 28,000,000 | $ | 40,000,000 | ||||
| 9 months ending |
$ | 63,000,000 | $ | 60,000,000 | ||||
| 12 months ending |
$ | 121,000,000 | $ | 60,000,000 | ||||
| 12 months ending |
$ | 115,000,000 | Not available | |||||
| 12 months ending |
$ | 165,000,000 | Not available | |||||
| 12 months ending |
$ | 205,000,000 | Not available | |||||
(e) Capital Expenditure.
(i) Commencing with the Waiver and Second Amendment Effective Date until the fiscal quarter ended December 31, 2015, and solely with respect to the Revolving Facility and the Initial Tranche B-1 Term Loans, make any Capital Expenditure, except for Capital Expenditures not exceeding, in the aggregate for Parent and its Subsidiaries during each fiscal quarter period ended on the date set forth below, the amount set forth opposite such fiscal quarter period ended on such date:
| Fiscal Quarter Ended |
Capital Expenditures | |||
| September 30, 2015 |
Not applicable. | |||
| December 31, 2015 |
$ | 43,750,000 | ||
(ii) Commencing with the fiscal quarter ended December 31, 2016 until the fiscal quarter ended June 30, 2017 and solely with respect to the Revolving Facility and the Initial Tranche B-1 Term Loans, make any Capital Expenditure, except for Capital Expenditures not exceeding, in the aggregate for Parent and its Subsidiaries during each four fiscal quarter period ended on the date set forth below, the amount set forth opposite such four fiscal quarter period ended on such date:
| Fiscal Quarter Ended |
Capital Expenditures | |||
| December 31, 2016 |
$ | 175,000,000 | ||
| March 31, 2017 |
$ | 175,000,000 | ||
| June 30, 2017 |
$ | 175,000,000 | ||
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; provided, however, that:
(x) the maximum permitted Capital Expenditures for the four fiscal quarter period ending on December 31, 2016 (a) shall be reduced to a minimum aggregate amount of $155,000,000 by 50% of the amount of the Cumulative Cushion Amount used during such four quarter period pursuant to Section 7.11(d) and (b) shall be increased to a maximum aggregate amount of $175,000,000 by 50% of the amount of Consolidated EBITDA that exceeds (i) $17,000,000 for the quarter ended Xxxxx 00, 0000, (xx) $35,000,000 for the quarter ended June 30, 2016 and (iii) $59,000,000 for the quarter ended September 30, 2016; and
(y) no limitation on Capital Expenditures pursuant to this Section 7.11(e) shall apply (1) for the four fiscal quarter period ending March 31, 2017 if the ratio of (A) Consolidated Funded Indebtedness as of March 31, 2017 to (B) (I) Consolidated EBITDA of Parent and its Restricted Subsidiaries for the quarter ended March 31, 2017, multiplied by (II) four is no greater than 4.50 to 1.00 and (2) for the four fiscal quarter period ending June 30, 2017 if the ratio of (A) Consolidated Funded Indebtedness as of March 31, 2017 or June 30, 2017 to (B) (I) Consolidated EBITDA of Parent and its Restricted Subsidiaries for the quarter ended March 31, 2017 or June 30, 2017, as applicable, multiplied by (II) four is no greater than 4.50 to 1.00.”
3. Consent Fee.
(a) On the Waiver and Second Amendment Effective Date, Parent shall pay to the Administrative Agent, for the benefit of each Consenting Revolving Lender party hereto (for which the Administrative Agent has received such Consenting Revolving Lender’s duly executed signature page to this Waiver and Second Amendment by 1:00 p.m. (Eastern Time) on September 28, 2015 (the “Consent Deadline”)), a consent fee equal to 0.50% of the aggregate principal amount of Revolving Credit Commitments of such Revolving Lenders party hereto after to giving effect to the permanent reduction of such Revolving Credit Commitments in accordance with the notice referenced in Section 6(a)(vi) hereof. Such consent fee shall be deemed fully earned and payable on the Waiver and Second Amendment Effective Date.
(b) On the Waiver and Second Amendment Effective Date, Parent shall pay to the Administrative Agent, for the benefit of each Consenting Tranche B-1 Lender party hereto (for which the Administrative Agent has received such Consenting Tranche B-1 Lender’s duly executed signature page to this Second Amendment by the Consent Deadline), a consent fee equal to 0.50% of the aggregate principal amount of Initial Tranche B-1 Term Loans of such Tranche B-1 Lenders party hereto. Such consent fee shall be deemed fully earned and payable on the Waiver and Second Amendment Effective Date.
4. Delivery of Additional Information. Each of the Loan Parties and their Restricted Subsidiaries will deliver or cause to be delivered such reports and information as may be reasonably requested by the Administrative Agent in connection with this Waiver and Second Amendment and in consultation with Parent.
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5. Reaffirmation of the Loan Parties.
(i) Each of the Loan Parties party hereto (the “Reaffirming Parties”) acknowledges receipt of a copy of this Waiver and Second Amendment and (i) hereby consents to the waivers and amendments to the Existing Credit Agreement contained therein, (ii) hereby confirms that only Lenders holding more than 50% of the aggregate principal amount of Revolving Credit Commitments and Initial Tranche B-1 Term Loans shall have the ability to waive, amend, supplement or modify the financial covenants set forth in Section 7.11 of the Existing Credit Agreement (including any defined terms related thereto) with respect to the Revolving Facility and the Initial Tranche B-1 Term Loans without the consent or approval of any other Lender, (iii) hereby confirms and reaffirms its respective guarantees, pledges, grants of security interests and other obligations, as applicable, under and subject to the terms of each of the Collateral Documents and the Guaranty (each, as defined in the Existing Credit Agreement) (collectively, the “Reaffirmed Documents”) to which it is party, and (iv) agrees that, notwithstanding the effectiveness of this Waiver and Second Amendment or any of the transactions contemplated thereby, such guarantees, pledges, grants of security interests and other obligations, and the terms of each of the Reaffirmed Documents to which it is a party and the security interests created thereby, are not impaired or adversely affected in any manner whatsoever and shall continue to be in full force and effect and shall continue to secure all the Obligations (as defined in the Existing Credit Agreement), as amended, increased and/or extended pursuant to this Waiver and Second Amendment. In furtherance of the foregoing, each Reaffirming Party does hereby grant to the Administrative Agent a security interest in all Collateral described in any Reaffirmed Document as security for the Obligations (as defined in the Existing Credit Agreement), as amended, increased and/or extended pursuant to this Waiver and Second Amendment, subject in each case to any applicable limitations set forth in any such Reaffirmed Document.
(ii) On the Waiver and Second Amendment Effective Date:
(A) All references in each Security Agreement, Guaranty and other Loan Document (as defined in the Existing Credit Agreement) to the Existing Credit Agreement shall be deemed to be references to the Existing Credit Agreement as amended by this Waiver and Second Amendment and as the same may be hereafter further amended, restated, supplemented or modified from time to time.
(B) The definition of any term defined in any Loan Document by reference to the terms defined in the Existing Credit Agreement shall be amended to be defined by reference to the defined term in the Existing Credit Agreement as amended and restated by this Waiver and Second Amendment and as the same may be amended, restated, modified or supplemented and in effect from time to time.
(C) Each reference, whether direct or indirect, in each Loan Document to “Obligations” shall include and be deemed to include any indebtedness, liabilities or obligations incurred, or loans made, pursuant to this Waiver and Second Amendment.
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6. Conditions Precedent. This Waiver and Second Amendment shall become effective only upon satisfaction or waiver of the following conditions precedent except as otherwise agreed between the Borrowers and the Administrative Agent (the date such conditions are satisfied or waived, the “Waiver and Second Amendment Effective Date”):
(a) The Administrative Agent’s receipt of the following, each of which shall be originals or telecopies (followed as promptly as practicable by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, each dated the Waiver and Second Amendment Effective Date (or, in the case of certificates of governmental officials, a recent date before the Waiver and Second Amendment Effective Date) and each in form and substance satisfactory to the Administrative Agent and each of the Consenting Lenders, as applicable:
(i) this Waiver and Second Amendment shall have been duly executed by the Borrowers, each other Loan Party, the Administrative Agent, the L/C Issuer, the Swing Line Lender, Consenting Revolving Lenders and the Consenting Tranche B-1 Lenders together holding more than 50% of the aggregate principal amount of the Revolving Credit Commitments (prior to giving effect to this Waiver and Second Amendment and the permanent reduction of Revolving Credit Commitments referenced in clause (vi) below) and the Initial Tranche B-1 Term Loans, and Consenting Lenders constituting Required Lenders under and as defined in the Existing Credit Agreement and, in each case, delivered to the Administrative Agent;
(ii) a certificate of a Responsible Officer of each Loan Party, dated the Waiver and Second Amendment Effective Date, certifying as to the Organization Documents of each Loan Party or as to “no-change” in respect thereof (which, to the extent filed with a Governmental Authority, shall, to the extent available and customary, be certified as of a recent date by such Governmental Authority), the resolutions of the governing body of each Loan Party and an incumbency (including specimen signatures) of the Responsible Officers of each Loan Party;
(iii) such documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is duly organized or formed, and that each Loan Party is validly existing, in good standing (where applicable) and qualified to engage in business in each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification;
(iv) (A) a favorable opinion of Fried, Frank, Harris, Xxxxxxx & Xxxxxxxx LLP, counsel to the Loan Parties, addressed to the Administrative Agent and each Lender, as to customary matters concerning the Loan Parties and the Loan Documents as the Administrative Agent may reasonably request, (B) a favorable opinion of Xxxxxxx (Bermuda) Limited, Bermuda counsel to the Parent, addressed to the Administrative Agent and each Lender, as to customary matters concerning the Parent and the Loan Documents as the Administrative Agent may reasonably request, (C) a favorable opinion of Stibbe Avocats Luxembourg, Luxembourg counsel to the Luxembourg Borrower, addressed to the Administrative Agent and each Lender, as to customary matters concerning the Luxembourg Borrower and the Loan Documents as the Administrative
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Agent may reasonably request, and (D) a favorable opinion of Xxxxxxx Xxxxx LLP, Canadian counsel to the Loan Parties, addressed to the Administrative Agent and each Lender, as to customary matters concerning the Loan Parties and the Loan Documents as the Administrative Agent may reasonably request;
(v) a certificate attesting to the solvency of Parent and its Subsidiaries, taken as a whole, from its chief financial officer, in substantially the form of Exhibit G to the Existing Credit Agreement; and
(vi) a notice (conditioned only the occurrence of the Waiver and Second Amendment Effective Date, which condition shall be satisfied upon the effectiveness this Waiver and Second Amendment) from the Parent to permanently reduce the Revolving Credit Commitments by $200,000,000 from $600,000,000 to $400,000,000 in accordance with Section 2.06(a) of the Existing Credit Agreement and such permanent reduction shall be immediately effective after the effectiveness of this Waiver and Second Amendment.
(b) (i) All fees and expenses required to be paid to the Administrative Agent on or prior to the Waiver and Second Amendment Effective Date in connection with this Waiver and Second Amendment shall have been, or concurrently with the Waiver and Second Amendment Effective Date are being, paid and (ii) all fees required to be paid to the Consenting Lenders and Lenders on or prior to the Waiver and Second Amendment Effective Date in connection with this Waiver and Second Amendment shall have been, or concurrently with the Waiver and Second Amendment Effective Date are being paid.
(c) The Borrowers shall have paid all reasonable and documented fees, charges and disbursements of Xxxxxx & Xxxxxxx LLP, counsel to the Administrative Agent and Lead Arrangers (directly to such counsel if requested by the Administrative Agent), and a single local counsel to the Administrative Agent in each applicable jurisdiction, in each case in accordance with Section 10.04(a) of the Existing Credit Agreement and solely to the extent invoiced no later than two Business Days prior to the Waiver and Second Amendment Effective Date.
(d) That certain Third Amendment (Refinancing Amendment) to Credit Agreement , dated as of the date hereof (the “Third Amendment”), among the Borrowers, the Administrative Agent and the lenders and other parties party thereto shall have been executed and delivered substantially concurrently with, but for the avoidance of doubt, after the effectiveness of (i) this Waiver and Second Amendment and (ii) the permanent reduction of the Revolving Credit Commitments referenced in clause (a)(vi) above.
7. Sequencing of Events. After this Waiver and Second Amendment becomes effective, the permanent reduction of Revolving Credit Commitments referenced in Section 6(a)(vi) hereof shall become immediately effective. After such permanent reduction, the Third Amendment shall become effective in accordance with its own terms and conditions.
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8. Conditions Subsequent.
(a) This Waiver and Second Amendment shall remain effective only upon the satisfaction and continued satisfaction (or waiver by Lenders holding more than 50% of the aggregate principal amount of the Revolving Credit Commitments and Initial Tranche B-1 Term Loans) of the following conditions, which conditions are solely for the benefit of the Lenders holding the Revolving Credit Commitments and Initial Tranche B-1 Term Loans:
(i) from the date hereof until January 1, 2018 (the “Interest Coverage and Leverage Financial Covenant Relief Period”):
(A) no Borrower shall, nor shall it permit any of its Restricted Subsidiaries to, directly or indirectly, during such period:
(I) make or hold any Investments otherwise permitted pursuant to (x) Section 7.03(c)(iv) of the Existing Credit Agreement in an aggregate outstanding amount exceeding $2,500,000 during the Interest Coverage and Leverage Financial Covenant Relief Period, (y) Section 7.03(h) of the Existing Credit Agreement in an aggregate outstanding amount exceeding $10,000,000 during the Interest Coverage and Leverage Financial Covenant Relief Period less the aggregate outstanding amount of any Investments made pursuant to clause (I)(z)(2) below, or (z) Section 7.03(k)(iii) of the Existing Credit Agreement except (1) in an aggregate outstanding amount not exceeding $35,000,000 during the Interest Coverage and Leverage Financial Covenant Relief Period to satisfy funding obligations relating to the construction of operating facilities entered into by C&J International Middle East FZCO (“C&J Dubai”) prior to the date hereof or to fund overhead and employee salary and related expenses of C&J Dubai or (2) otherwise in an aggregate outstanding amount not exceeding $10,000,000 during the Interest Coverage and Leverage Financial Covenant Relief Period less the aggregate outstanding amount of any Investments made pursuant to clause (I)(y) above; provided that, notwithstanding the foregoing clauses (x), (y) and (z), Investments that are outstanding on the Waiver and Second Amendment Effective Date (and refinancing thereof not increasing the aggregate amount of such Investments) may continue to be outstanding; or
(II) declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, otherwise permitted pursuant to Section 7.06(d) of the Existing Credit Agreement; and
(B) notwithstanding the first proviso of Section 6.10 of the Existing Credit Agreement, representatives and independent contractors of the Administrative Agent and each Lender holding Revolving Credit Commitments and Initial Tranche B-1 Term Loans may visit and inspect any of the Borrowers’ (or its Restricted Subsidiaries’) properties, to examine their corporate, financial and operational records, and make copies thereof or abstracts therefrom, and to discuss their affairs, finances and accounts with their directors, officers and independent public accountants, all at the expense of the Parent and at such reasonable times and during normal business hours, upon the reasonable advance
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notice to the Parent; provided that the Administrative Agent, each Lender holding Revolving Credit Commitments and Initial Tranche B-1 Term Loans and their respective representatives and contractors shall collectively be permitted to make no more than two such visits, inspections, examinations or discussions per fiscal year at each facility (which visit, inspection, examination or discussion shall be coordinated by the Administrative Agent); and
(ii) so long as a Loan Party is required to comply with Section 7.11(c) of the Existing Credit Agreement, Section 7.11(d) of the Existing Credit Agreement and Section 7.11(e) of the Existing Credit Agreement (in each case, as amended by this Waiver and Second Amendment), each Borrower shall deliver to the Administrative Agent:
(A) as soon as available, but in any event within 20 days after the end of each calendar month ending on or after September 30, 2015 and before March 31, 2018, a report setting forth (I) the Total Revolving Oustandings as of the date of such report is delivered and (II) a calculation of Eligible Inventory and Eligible Receivables as of the end of such calendar month, all in reasonable detail, certified by the chief executive officer, chief financial officer, treasurer or controller of the Parent as fairly presenting in all material respects such financial information in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes;
(B) as soon as available, but in any event within 30 days after the end of each calendar month ending on or after September 30, 2015 and on or before March 31, 2018, (I) (x) a consolidated balance sheet of the Parent and its Subsidiaries as at the end of such month and (y) the related consolidated statements of income or operations, changes in shareholders’ equity, and cash flows for such month and for the portion of the Parent’s fiscal year then ended, setting forth, in each case, in comparative form the figures for the corresponding month of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail, certified by the chief executive officer, chief financial officer, treasurer or controller of the Parent as fairly presenting in all material respects the financial condition, results of operations, shareholders’ equity and cash flows of the Parent and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes, and (II) to the extent there are any Unrestricted Subsidiaries as of the end of such calendar month, a Reconciliation with respect to each of the financial statements described in the foregoing clause (I);
(C) as soon as available, but in any event within 45 days after the end of each fiscal quarters of each fiscal year of the Parent (or, if earlier, 5 days after the date required to be filed with the SEC (giving effect to any extension permitted by the SEC)) (commencing with the fiscal quarter ended after the date hereof), (I) a consolidated balance sheet of the Parent and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated statements of income or operations, changes in shareholders’ equity, and cash flows for such fiscal quarter
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and for the portion of the Parent’s fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail, certified by the chief executive officer, chief financial officer, treasurer or controller of the Parent as fairly presenting in all material respects the financial condition, results of operations, shareholders’ equity and cash flows of the Parent and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes, and (II) to the extent there are any Unrestricted Subsidiaries as of the end of such fiscal quarter, a Reconciliation with respect to each of the financial statements described in the foregoing clause (I); and
(D) in form and detail reasonably satisfactory to the Administrative Agent, concurrently with the delivery of the financial statements referred to in clause (C), a duly completed compliance certificate signed by the chief executive officer, chief financial officer, treasurer or controller of the Parent (which delivery may, unless the Administrative Agent, or a Lender requests executed originals, be by electronic communication including fax or email and shall be deemed to be an original authentic counterpart thereof for all purposes) substantially in the form of Exhibit A hereto;
(b) From the date hereof, upon written notice by the Administrative Agent to Parent of the failure of any Loan Party to satisfy or to continue to satisfy any covenant set forth in Section 8(a) (which in the case of Section 8(a)(i)(B) and 8(a)(ii) shall continue unremedied for a period of 15 days after such written notice (the “Cure Period”)) of this Waiver and Second Amendment, this Waiver and Second Amendment shall no longer be effective and the amendments and other modifications to the Existing Credit Agreement set forth herein shall be deemed to be null and void and the financial covenants set forth in Section 7.11 of the Existing Credit Agreement (prior to giving effect to this Waiver and Second Amendment) shall be reinstated and in full force and effect. The Loan Parties acknowledge and agree that, upon such reinstatement, the Loan Parties shall be in default under Section 7.11(a) of the Existing Credit Agreement and Section 7.11(b) of the Existing Credit Agreement, in each case, as of the date of such notice (as extended by the Cure Period, if any) and the Revolving Lenders and Lenders holding Initial Tranche B-1 Term Loans shall be entitled to exercise any and all of their rights and remedies in accordance with the Loan Documents or at law or in equity.
9. Miscellaneous Terms.
(a) Loan Document. For the avoidance of doubt, this Waiver and Second Amendment shall constitute a Loan Document.
(b) Effect of Amendment. Except as set forth expressly herein, all terms of the Existing Credit Agreement and the other Loan Documents shall be and remain in full force and effect, and shall constitute the legal and binding obligation of the Loan Parties, enforceable against such Loan Party in accordance with their respective terms. Except to the extent otherwise expressly set forth herein, the amendments set forth herein shall have prospective application only from and after the date of this Waiver and Second Amendment. The Existing
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Credit Agreement, the other Loan Documents (including this Amendment) and any separate letter agreements with respect to fees and expenses payable to the Administrative Agent or the L/C Issuers constitute the entire contract among the parties relating to the subject matter hereof and thereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof and thereof.
(c) No Novation or Mutual Departure. The Loan Parties expressly acknowledge and agree that there has not been, and this Waiver and Second Amendment does not constitute or establish, a novation with respect to the Existing Credit Agreement or any of the other Loan Documents, or a mutual departure from the strict terms, provisions, and conditions thereof, other than as expressly set forth herein.
(d) Ratification. Each Loan Party hereby restates, ratifies, and reaffirms its respective obligations set forth in the Existing Credit Agreement and the other Loan Documents to which it is a party.
(e) Counterparts. This Waiver and Second Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.
(f) Fax or Other Transmission. Delivery of an executed counterpart of a signature page of this Waiver and Second Amendment, or any certificate delivered hereunder, by fax transmission or e-mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Waiver and Second Amendment or certificate. The Administrative Agent may also require that any such documents and signatures be confirmed by a manually signed original thereof; provided that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by telecopier or other electronic transmission.
(g) Section Headings. Section headings herein are included for convenience of reference only and shall not affect the interpretation of this Waiver and Second Amendment.
(h) Governing Law. THIS WAIVER AND SECOND AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
(i) Amendments and Waivers. No amendment or waiver of any provision of this Waiver and Second Amendment and no consent to any departure by any Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Lenders holding more than 50% of the aggregate principal amount of the Revolving Credit Commitments and Initial Tranche B-1 Term Loans (or by the Administrative Agent with the consent of the Lenders holding more than 50% of the aggregate principal amount of the Revolving Credit Commitments and the Initial Tranche B-1 Term Loans) and the applicable Borrower or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent and each such waiver or consent or consent shall be effective only in the specific instance and for the specific purposes for which given.
13
(j) Release. In consideration of, among other things, the waiver, amendments and other agreements provided for herein, each Borrower and each other Loan Party (on its own behalf and on behalf of its respective Subsidiaries) forever waives, releases and discharges any and all claims (including, without limitation, cross-claims, counterclaims, rights of setoff and recoupment), causes of action, demands, suits, costs, expenses and damages that it now has or hereafter may have, of whatsoever nature and kind, whether known or unknown, whether now existing or hereafter arising, whether arising at law or in equity, against the Administrative Agent and/or any Lender (in their respective capacities as such) and any of their respective subsidiaries and affiliates, and each of their respective successors, assigns, officers, directors, employees, agents, attorneys and other advisors or representatives (collectively, the “Released Parties”); provided that in each case such claim is based in whole or in part on facts, events or conditions, whether known or unknown, existing on or prior to the Waiver and Second Amendment Effective Date and which arise out of or are related to the Existing Credit Agreement or the Existing Credit Agreement as amended by this Waiver and Second Amendment, the other Loan Documents, the Obligations or the Collateral; provided further that nothing herein will constitute a release or discharge of any claims or causes of action based on acts or omissions constituting gross negligence or willful misconduct of such applicable Released Party as determined by final order of a court of competent jurisdiction (collectively, the “Released Claims”). The Borrowers and other Loan Parties further agree to refrain from commencing, instituting or prosecuting, or supporting any Person that commences, institutes, or prosecutes, any lawsuit, action or other proceeding against any and all Released Parties with respect to any and all Released Claims.
(k) Severability. If any provision of this Waiver and Second Amendment is held to be illegal, invalid or unenforceable, (i) the legality, validity and enforceability of the remaining provisions of this Waiver and Second Amendment shall not be affected or impaired thereby and (ii) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
[SIGNATURES ON FOLLOWING PAGES]
14
IN WITNESS WHEREOF, the parties hereto have caused this Waiver and Second Amendment to be duly executed by their respective authorized officers as of the day and year first above written.
| C&J ENERGY SERVICES LTD. | ||
| CJ HOLDING CO. | ||
| C&J ENERGY SERVICES, INC. | ||
| C&J SPEC-RENT SERVICES, INC. | ||
| By | /s/ Xxxxxxx X. XxXxxxxx, Xx. | |
| Name: | Xxxxxxx X. XxXxxxxx, Xx. | |
| Title: | President and Chief Financial Officer | |
| XX XXX HOLDINGS S.À X.X. | ||
| By | /s/ Xxxxxxxx X. Xxxxx | |
| Name: | Xxxxxxxx X. Xxxxx | |
| Title: | Type A Manager | |
| C&J ENERGY PRODUCTION SERVICES-CANADA LTD. (formerly Xxxxxx Production Services Ltd.) | ||
| C&J WELL SERVICES, INC. | ||
| (formerly Xxxxxx Completion & Production Services Co.) | ||
| By | /s/ Xxxxxxx X. XxXxxxxx, Xx. | |
| Name: | Xxxxxxx X. XxXxxxxx, Xx. | |
| Title: | President and Chief Financial Officer | |
| KVS TRANSPORTATION, INC. | ||
| D&D EQUIPMENT INVESTMENTS, LLC | ||
| BLUE RIBBON TECHNOLOGY, INC. | ||
| C&J VLC, LLC | ||
| By | /s/ Xxxxxxx X. XxXxxxxx, Xx. | |
| Name: | Xxxxxxx X. XxXxxxxx, Xx. | |
| Title: | Chief Executive Officer and Chief Financial Officer | |
| TELLUS OILFIELD INC. | ||
| TOTAL E&S, INC. | ||
| TIGER CASED HOLE SERVICES, INC. | ||
| By | /s/ Xxxxxxx X. XxXxxxxx, Xx. | |
| Name: | Xxxxxxx X. XxXxxxxx, Xx. | |
| Title: | Chief Financial Officer | |
| C&J CORPORATE SERVICES (BERMUDA) LTD. | ||
| By | /s/ Xxxxxxx X. XxXxxxxx, Xx. | |
| Name: | Xxxxxxx X. XxXxxxxx, Xx. | |
| Title: | Director | |
| ESP COMPLETION TECHNOLOGIES LLC | ||
| By | /s/ Xxxxxxx X. XxXxxxxx, Xx. | |
| Name: | Xxxxxxx X. XxXxxxxx, Xx. | |
| Title: | Chief Financial Officer | |
| BANK OF AMERICA, N.A. | ||
| as Administrative Agent, Swing Line Lender and an L/C Issuer | ||
| By: | /s/ Xxxx Xxxx | |
| Name: | Xxxx Xxxx | |
| Title: | SVP | |
| Altair Global Credit Opportunities Fund (A), LLC | ||
| By: | /s/ Xxxxx Xxxxxxxx | |
| Name: | Xxxxx Xxxxxxxx | |
| Title: | Principal – Head Trader | |
| Xxxxxxx Capital Management L.P. | ||
Signature Page to Waiver and Second Amendment to Credit Agreement
| AMEGY BANK NATIONAL ASSOCIATION | ||
| By: | /s/ Xxxxx X. Day | |
| Name: | Xxxxx X. Day | |
| Title: | Senior Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Ascribe III Investments LLC (f/k/a ASOF III Investments, LLC) | ||
| By: | /s/ Xxxxxxxx X. First | |
| Name: | Xxxxxxxx X. First | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Bank of America, N.A. | ||
| By: | /s/ Xxxxxxxx X. Xxxxxx | |
| Name: | Xxxxxxxx X. Xxxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| BANK OF AMERICA, N.A. | ||
| By: | /s/ Xxxx Xxxx | |
| Name: | Xxxx Xxxx | |
| Title: | Senior Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| THE BANK OF NOVA SCOTIA | ||
| By: | /s/ Xxxx Xxxxxxx | |
| Name: | Xxxx Xxxxxxx | |
| Title: | Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Black Diamond CLO 2013-I Ltd. | ||
| By: Black Diamond CLO 2013-1 Adviser, L.L.C. as its Collateral Manager | ||
| By: | /s/ Xxxxxxx X. Xxxxxxx | |
| Name: | Xxxxxxx X. Xxxxxxx | |
| Title: | Managing Principal | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Black Diamond CLO 2014-I Ltd. | ||
| By: Black Diamond CLO 2014-1 Adviser, L.L.C. as its Collateral Manager | ||
| By: | /s/ Xxxxxxx X. Xxxxxxx | |
| Name: | Xxxxxxx X. Xxxxxxx | |
| Title: | Managing Principal | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| BLT 30 LLC | ||
| By: | /s/ Xxxxxx Xxxxxx | |
| Name: | Xxxxxx Xxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Board of Pensions of the Evangelical Lutheran Church in America | ||
| By: X. Xxxx Price Associates, Inc., as investment manager | ||
| Re: TRP A/C #4195 | ||
| By: | /s/ Xxxxx Xxxxx | |
| Name: | Xxxxx Xxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxx Xxxxxxx Funds II – Spectrum Income Fund | ||
| By: X. Xxxx Price Associates, Inc., as investment sub-advisor | ||
| By: | /s/ Xxxxx Xxxxx | |
| Name: | Xxxxx Xxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Lucent Technologies Inc. Master Pension Trust | ||
| By: X. Xxxx Price Associates, Inc., as investment advisor | ||
| By: | /s/ Xxxxx Xxxxx | |
| Name: | Xxxxx Xxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Penn Series Funds, Inc. – High Yield Bond Fund | ||
| By: X. Xxxx Price Associates, Inc., as investment advisor | ||
| By: | /s/ Xxxxx Xxxxx | |
| Name: | Xxxxx Xxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| X. Xxxx Price Fixed Income Trust | ||
| By: X. Xxxx Price Trust Company, Trustee | ||
| By: | /s/ Xxxxx Xxxxx | |
| Name: | Xxxxx Xxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| X. Xxxx Price Floating Rate Fund, Inc. | ||
| By: | /s/ Xxxxx Xxxxx | |
| Name: | Xxxxx Xxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| X. Xxxx Price Floating Rate Multi-Sector Account Portfolio | ||
| By: | /s/ Xxxxx Xxxxx | |
| Name: | Xxxxx Xxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| X. Xxxx Price Funds Series II SICAV | ||
| By: X. Xxxx Price Associates, Inc., as investment sub-manager of the X. Xxxx Price Funds Series II SICAV | ||
| By: | /s/ Xxxxx Xxxxx | |
| Name: | Xxxxx Xxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| X. Xxxx Price High Yield Fund, Inc. | ||
| By: | /s/ Xxxxx Xxxxx | |
| Name: | Xxxxx Xxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| X. Xxxx Price Institutional Floating Rate Fund | ||
| By: | /s/ Xxxxx Xxxxx | |
| Name: | Xxxxx Xxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| X. Xxxx Price Institutional High Yield Fund | ||
| By: | /s/ Xxxxx Xxxxx | |
| Name: | Xxxxx Xxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| X. Xxxx Price U.S. High Yield Trust | ||
| By: | /s/ Xxxxx Xxxxx | |
| Name: | Xxxxx Xxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| American General Life Insurance Company | ||
| By: Invesco Senior Secured Management, Inc., as Investment Manager | ||
| By: | /s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| American Home Assurance Company | ||
| By: Invesco Senior Secured Management, Inc., as Investment Manager | ||
| By: | /s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| BOC Pension Investment Fund | ||
| By: Invesco Senior Secured Management, Inc., as Attorney in Fact | ||
| By: | /s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Commerce and Industry Insurance Company | ||
| By: Invesco Senior Secured Management, Inc., as Investment Manager | ||
| By: | /s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Diversified Credit Portfolio Ltd. | ||
| By: Invesco Senior Secured Management, Inc., as Investment Manager | ||
| By: | /s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Invesco BL Fund Ltd. | ||
| By: Invesco Management S.A., as Investment Manager | ||
| By: | /s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Invesco Dynamic Credit Opportunities Fund | ||
| By: Invesco Senior Secured Management, Inc., as Sub-advisor | ||
| By: | /s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Invesco Polaris US Bank Loan Fund | ||
| By: Invesco Senior Secured Management, Inc., as Investment Manager | ||
| By: | /s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| INVESCO SSL FUND LLC | ||
| By: Invesco Senior Secured Management, Inc., as Collateral Manager | ||
| By: | /s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Invesco Zodiac Funds – Invesco US Senior Loan Fund | ||
| By: Invesco Management S.A., as Investment Manager | ||
| By: | /s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxxxx Foundation Hospitals | ||
| By: Invesco Senior Secured Management, Inc., as Investment Manager | ||
| By: | /s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxxxx Permanente Group Trust | ||
| By: Invesco Senior Secured Management, Inc., as Investment Manager | ||
| By: |
/s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Lexington Insurance Company | ||
| By: Invesco Senior Secured Management, Inc., as Investment Manager | ||
| By: |
/s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Linde Pension Plan Trust | ||
| By: Invesco Senior Secured Management, Inc., as Investment Manager | ||
| By: |
/s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Medical Liability Mutual Insurance Company | ||
| By: Invesco Advisers, Inc. as Investment Manager | ||
| By: |
/s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| National Union Fire Insurance Company of Pittsburgh, Pa. | ||
| By: Invesco Senior Secured Management, Inc., as Investment Manager | ||
| By: |
/s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Sentry Insurance a Mutual Company | ||
| By: Invesco Senior Secured Management, Inc., as Sub-Advisor | ||
| By: |
/s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| The City of New York Group Trust | ||
| By: Invesco Senior Secured Management, Inc., as Investment Manager | ||
| By: |
/s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| The United States Life Insurance Company In the City of New York | ||
| By: Invesco Senior Secured Management, Inc., as Investment Manager | ||
| By: |
/s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| The Variable Annuity Life Insurance Company | ||
| By: Invesco Senior Secured Management, Inc., as Investment Manager | ||
| By: |
/s/ Xxxxx Xxxx | |
| Name: | Xxxxx Xxxx | |
| Title: | Authorized Individual | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxxx I LLC | ||
| By: Citibank, N.A. | ||
| By: |
/s/ Xxxxxx Xxxxxx | |
| Name: | Xxxxxx Xxxxxx | |
| Title: | Associate Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| BOWERY FUNDING ULC | ||
| By: |
/s/ Xxxxxx Xxxxxx | |
| Name: | Xxxxxx Xxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| CAPITAL ONE, NATIONAL ASSOCIATION | ||
| By: |
/s/ Xxxxxx Xxxxxx | |
| Name: | Xxxxxx Xxxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Carlyle Global Market Strategies CLO 2012-2, Ltd. | ||
| By: |
/s/ Xxxxx Xxxxxxxx | |
| Name: | Xxxxx Xxxxxxxx | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Carlyle Global Market Strategies CLO 2012-3, Ltd. | ||
| By: |
/s/ Xxxxx Xxxxxxxx | |
| Name: | Xxxxx Xxxxxxxx | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Carlyle Global Market Strategies CLO 2012-4, Ltd. | ||
| By: |
/s/ Xxxxx Xxxxxxxx | |
| Name: | Xxxxx Xxxxxxxx | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Carlyle Global Market Strategies CLO 2013-1, Ltd. | ||
| By: |
/s/ Xxxxx Xxxxxxxx | |
| Name: | Xxxxx Xxxxxxxx | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Carlyle Global Market Strategies CLO 2013-2, Ltd. | ||
| By: |
/s/ Xxxxx Xxxxxxxx | |
| Name: | Xxxxx Xxxxxxxx | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Carlyle Global Market Strategies CLO 2013-3, Ltd. | ||
| By: |
/s/ Xxxxx Xxxxxxxx | |
| Name: | Xxxxx Xxxxxxxx | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Carlyle Global Market Strategies CLO 2013-4, Ltd. | ||
| By: |
/s/ Xxxxx Xxxxxxxx | |
| Name: | Xxxxx Xxxxxxxx | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Carlyle Global Market Strategies CLO 2014-1, Ltd. | ||
| By: |
/s/ Xxxxx Xxxxxxxx | |
| Name: | Xxxxx Xxxxxxxx | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Carlyle Global Market Strategies CLO 2014-2, Ltd. | ||
| By: |
/s/ Xxxxx Xxxxxxxx | |
| Name: |
Xxxxx Xxxxxxxx | |
| Title: |
Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Carlyle Global Market Strategies CLO 2014-3, Ltd. | ||
| By: |
/s/ Xxxxx Xxxxxxxx | |
| Name: |
Xxxxx Xxxxxxxx | |
| Title: |
Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Carlyle Global Market Strategies CLO 2014-4, Ltd. | ||
| By: |
/s/ Xxxxx Xxxxxxxx | |
| Name: |
Xxxxx Xxxxxxxx | |
| Title: |
Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Carlyle Global Market Strategies CLO 2015-2, Ltd. | ||
| By: |
/s/ Xxxxx Xxxxxxxx | |
| Name: |
Xxxxx Xxxxxxxx | |
| Title: |
Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| CATTERPILLAR FINANCIAL SERVICES CORPORATION | ||
| By: |
/s/ Xxxx Xxxxx | |
| Name: |
Xxxx Xxxxx | |
| Title: |
Credit Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| CAVALRY CLO II | ||
| By: |
/s/ Xxxxxx Xxxxx | |
| Name: |
Xxxxxx Xxxxx | |
| Title: |
Partner | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| CAVALRY CLO III, LTD | ||
| By: |
/s/ Xxxxxx Xxxxx | |
| Name: |
Xxxxxx Xxxxx | |
| Title: |
Partner | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| CAVALRY CLO IV, LTD | ||
| By: |
/s/ Xxxxxx Xxxxx | |
| Name: |
Xxxxxx Xxxxx | |
| Title: |
Partner | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| CAVALRY CLO V, LTD | ||
| By: |
/s/ Xxxxxx Xxxxx | |
| Name: |
Xxxxxx Xxxxx | |
| Title: |
Partner | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Citibank, N.A. | ||
| By: |
/s/ Xxxxx Xxxxx | |
| Name: |
Xxxxx Xxxxx | |
| Title: |
Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Baptist Health South Florida, Inc. By: Seix Investment Advisors, LLC, as Advisor | ||
| Blue Cross of Idaho Health Service, Inc. By: Seix Investment Advisors, LLC, as Investment Manager | ||
| City National Rochdale Funds Fixed Income Opportunities Fund By: Seix Investment Advisors, LLC, as Subadviser | ||
| RidgeWorth Funds – Seix Floating Rate High Income Fund By: Seix Investment Advisors, LLC, as Subadviser | ||
| Seix Multi-Sector Absolute Return Fund L.P. By: Seix Multi-Sector Absolute Return Fund GP LLC, in its capacity as sole general partner By: Seix Investment Advisors, LLC, its sole | ||
| By: | /s/ Xxxxxx Xxxxxxxxx | |
| Name: | Xxxxxx Xxxxxxxxx | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| COMERICA BANK | ||
| By: |
/s/ Xxxxx Xxxxxxxxx | |
| Name: |
Xxxxx Xxxxxxxxx | |
| Title: |
Sr. Vice President & Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Cornell University | ||
| By: |
/s/ Xxxxx Xxxxxxxx | |
| Name: |
Xxxxx Xxxxxxxx | |
| Title: |
Principal – Head Trader Xxxxxxx Capital Management L.P. | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Covenant Credit Partners CLO I, Ltd. | ||
| By: |
/s/ Xxxxxx Xxxxx | |
| Name: |
Xxxxxx Xxxxx | |
| Title: |
MD | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| DNB CAPITAL LLC | ||
| By: |
/s/ Xxx Xxxxx | |
| Name: |
Xxx Xxxxx | |
| Title: |
Senior Vice President | |
| By: |
/s/ Xxxx Ilskl | |
| Name: |
Xxxx Ilskl | |
| Title: |
First Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxxxx XXV Senior Loan Fund | ||
| By: Prudential Investment Management, Inc., as Collateral Manager | ||
| By: |
/s/ Xxxxxx Xxxxxxxxxx | |
| Name: |
Xxxxxx Xxxxxxxxxx | |
| Title: |
Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxxxx XXVI Senior Loan Fund | ||
| By: Prudential Investment Management, Inc., as Collateral Manager | ||
| By: |
/s/ Xxxxxx Xxxxxxxxxx | |
| Name: |
Xxxxxx Xxxxxxxxxx | |
| Title: |
Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxxxx XXVIII Senior Loan Fund | ||
| By: Prudential Investment Management, Inc., as Collateral Manager | ||
| By: |
/s/ Xxxxxx Xxxxxxxxxx | |
| Name: |
Xxxxxx Xxxxxxxxxx | |
| Title: |
Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxxxx 31 Senior Loan Fund | ||
| By: Prudential Investment Management, Inc., as Collateral Manager | ||
| By: |
/s/ Xxxxxx Xxxxxxxxxx | |
| Name: |
Xxxxxx Xxxxxxxxxx | |
| Title: |
Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxxxx 33 Senior Loan Fund | ||
| By: Prudential Investment Management, Inc., as Collateral Manager | ||
| By: |
/s/ Xxxxxx Xxxxxxxxxx | |
| Name: |
Xxxxxx Xxxxxxxxxx | |
| Title: |
Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxxxx 34 Senior Loan Fund | ||
| By: Prudential Investment Management, Inc., as Collateral Manager | ||
| By: | /s/ Xxxxxx Xxxxxxxxxx | |
| Name: | Xxxxxx Xxxxxxxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxxxx 36 Senior Loan Fund | ||
| By: Prudential Investment Management, Inc., as Collateral Manager | ||
| By: | /s/ Xxxxxx Xxxxxxxxxx | |
| Name: | Xxxxxx Xxxxxxxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxxxx 40 Senior Loan Fund | ||
| By: Prudential Investment Management, Inc., as Collateral Manager | ||
| By: | /s/ Xxxxxx Xxxxxxxxxx | |
| Name: | Xxxxxx Xxxxxxxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Franklin Custodian Funds—Franklin Income Fund | ||
| By: | /s/ Xxxxxxx Xxx | |
| Name: | Xxxxxxx Xxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxxxxx Opportunities Fund, LP | ||
| By: | /s/ Xxxxx Xxxxxxxx | |
| Name: | Xxxxx Xxxxxxxx | |
| Title: | Principal – Head Trader | |
| Xxxxxxx Capital Management L.P. | ||
Signature Page to Waiver and Second Amendment to Credit Agreement
| AMMC CLO 16, LIMITED | ||
| By: American Money Management Corp., as Collateral Manager | ||
| By: | /s/ Xxxxx X. Xxxxx | |
| Name: | Xxxxx X. Xxxxx | |
| Title: | Senior Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Great American Insurance Company | ||
| By: | /s/ Xxxxx X. Xxxxx | |
| Name: | Xxxxx X. Xxxxx | |
| Title: | Senior Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Great American Life Insurance Company | ||
| By: | /s/ Xxxxx X. Xxxxx | |
| Name: | Xxxxx X. Xxxxx | |
| Title: | Senior Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| National Interstate Insurance Company | ||
| By: | /s/ Xxxxx X. Xxxxx | |
| Name: | Xxxxx X. Xxxxx | |
| Title: | Senior Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| GSO Capital Solutions Fund II (Luxembourg) S.à x.x. | ||
| By: | /s/ Xxxxxx Xxxxxxxxx | |
| Name: | Xxxxxx Xxxxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Halcyon Loan Advisors Funding 2012-1, Ltd. | ||
| By: Halcyon Loan Advisors 2012-1 LLC as collateral manager | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Controller | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Halcyon Loan Advisors Funding 2012-2, Ltd. | ||
| By: Halcyon Loan Advisors 2012-2 LLC as collateral manager | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Controller | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Halcyon Loan Advisors Funding 2013-1, Ltd. | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Controller | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Reliance Standard Life Insurance Company | ||
| By: Highbridge Principal Strategies, LLC, as Investment Manager | ||
| By: | /s/ Xxx Xxxxxxxxxxxx | |
| Name: | Xxx Xxxxxxxxxxxx | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| HPS – Specialty Loan Fund – CX, L.P. | ||
| By: Highbridge Principal Strategies, LLC its Investment Manager | ||
| By: | /s/ Xxx Xxxxxxxxxxxx | |
| Name: | Xxx Xxxxxxxxxxxx | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Highbridge Specialty Loan Sector A Investment Fund, L.P. | ||
| By: Highbridge Principal Strategies, LLC its Investment Manager | ||
| By: | /s/ Xxx Xxxxxxxxxxxx | |
| Name: | Xxx Xxxxxxxxxxxx | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Highbridge Principal Strategies – NDT Senior Loan Fund L.P. | ||
| By: Highbridge Principal Strategies, LLC its Investment Manager | ||
| By: | /s/ Xxx Xxxxxxxxxxxx | |
| Name: | Xxx Xxxxxxxxxxxx | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Highbridge Specialty Loan Institutional Holdings Limited | ||
| By: Highbridge Principal Strategies, LLC its Investment Manager | ||
| By: | /s/ Xxx Xxxxxxxxxxxx | |
| Name: | Xxx Xxxxxxxxxxxx | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Highbridge Principal Strategies – Specialty Loan VG Fund, L.P. | ||
| By: Highbridge Principal Strategies, LLC its Investment Manager | ||
| By: | /s/ Xxx Xxxxxxxxxxxx | |
| Name: | Xxx Xxxxxxxxxxxx | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Highbridge Alguilles Rouges Sector A Investment Fund, L.P. | ||
| By: Highbridge Principal Strategies, LLC its Investment Manager | ||
| By: | /s/ Xxx Xxxxxxxxxxxx | |
| Name: | Xxx Xxxxxxxxxxxx | |
| Title: | Managing Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| HMS INCOME FUND, INC. | ||
| By: | /s/ Xxxxxxxxx Xxxxxx | |
| Name: | Xxxxxxxxx Xxxxxx | |
| Title: | Authorized Agent | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Hull Street CLO, Ltd. | ||
| By: | /s/ Xxxxx X’Xxxx | |
| Name: | Xxxxx X’Xxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| JPMorgan Chase Bank, N.A. | ||
| By: | /s/ Xxxxxx Xxxxxxx | |
| Name: | Xxxxxx Xxxxxxx | |
| Title: | Authorized Officer | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| XXXXXX XXXXXX CLO II, LTD. | ||
| By: Xxxxxx, Xxxxxx & Company, L.P., Its Collateral Manager | ||
| By: Xxxxxx, Xxxxxx & Company, Incorporated, Its General Partner | ||
| By: | /s/ Xxxx XxXxxxxx | |
| Name: | Xxxx XxXxxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| SEARS CANADA INC. REGISTERED RETIREMENT PLAN | ||
| By: Xxxxxx, Xxxxxx & Company, L.P., Its Collateral Manager | ||
| By: Xxxxxx, Xxxxxx & Company, Incorporated, Its General Partner | ||
| By: | /s/ Xxxx XxXxxxxx | |
| Name: | Xxxx XxXxxxxx | |
| Title: | Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| XXXXXXXXX PARTNERS LLC SERIES A | ||
| By: Magnetar Financial LLC, its Investment Manager | ||
| By: | /s/ Xxx X. Xxxxx | |
| Name: | Xxx X. Xxxxx | |
| Title: | Head of Operations | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| MAGNETAR ANDROMEDA SELECT MASTER FUND LTD | ||
| By: Magnetar Financial LLC, its Investment Manager | ||
| By: | /s/ Xxx X. Xxxxx | |
| Name: | Xxx X. Xxxxx | |
| Title: | Head of Operations | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| MAGNETAR CREDIT OPPORTUNITIES MASTER FUND LTD | ||
| By: Magnetar Financial LLC, its Investment Manager | ||
| By: | /s/ Xxx X. Xxxxx | |
| Name: | Xxx X. Xxxxx | |
| Title: | Head of Operations | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| MTP ENERGY FUND LTD | ||
| By: MTP Energy Management LLC, as General Partner | ||
| By: Magnetar Financial LLC, its Investment Manager | ||
| By: | /s/ Xxx X. Xxxxx | |
| Name: | Xxx X. Xxxxx | |
| Title: | Head of Operations | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| BALDR XXXXX FUND INC. | ||
| By: Marathon Asset Management L.P., Its Authorized Signatory | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| KTRS CREDIT FUND, LP | ||
| By: Marathon Asset Management L.P., Its Investment Manager and Authorized Signatory | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| MARATHON CENTRE STREET PARTNERSHIP, L.P. | ||
| By: Marathon Asset Management L.P., Its Investment Manager and Authorized Signatory | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Marathon CLO V Ltd. | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| MARATHON CLO VI, Ltd. | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| MARATHON CLO VII LTD. | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| MARATHON CREDIT DISLOCATION FUND LP | ||
| By: Marathon Asset Management L.P., Its Investment Manager and Authorized Signatory | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| MARATHON CREDIT OPPORTUNITY MASTER FUND LTD. | ||
| By: Marathon Asset Management L.P., Its Investment Manager and Authorized Signatory | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| MARATHON LIQUID CREDIT LONG SHORT FUND | ||
| By: Marathon Asset Management L.P., Its Investment Manager and Authorized Signatory | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Marathon Special Opportunity Master Fund Ltd. | ||
| By: Marathon Asset Management L.P., Its Investment Manager and Authorized Signatory | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Master SIF – SICAV SIF | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| MV Credit Opportunity Fund, L.P. | ||
| By: Marathon Asset Management L.P., Its Investment Manager and Authorized Signatory | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| PENTELI MASTER FUND LTD. | ||
| By: Marathon Asset Management L.P., Its Investment Manager and Authorized Signatory | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Marathon CLO IV Ltd. | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Marathon CLO VIII Ltd. | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| BlackGold Capital management LP as Trading Advisor for: | ||
| 5D Holdings, LP | ||
| BlackGold Insurance Dedicated Fund Series Interest of the SALI Multi-Series Fund, L.P. | ||
| BlackGold Opportunity Fund II LP | ||
| BlackGold Opportunity Fund LP | ||
| BlackGold Capital Partners (QP) XX | ||
| Xxxxxxxxx Portfolio LLC | ||
| Citigroup Pension Plan | ||
| Mt. Whitney Securities Inc | ||
| Makena Capital Holdings A, LP | ||
| Minion Trail Ltd | ||
| Poco Bay Company | ||
| University of Minnesota Foundation | ||
| By: | /s/ Xxxxxx Xxxxxxxxxx | |
| Name: | Xxxxxx Xxxxxxxxxx | |
| Title: | CFO | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Lord Xxxxxx Bank Loan Trust | ||
| By: Lord Xxxxxx & Co LLC, As Investment Manager | ||
| By: | /s/ Xxxxxxx Xxxxx | |
| Name: | Xxxxxxx Xxxxx | |
| Title: | Portfolio Manager, Taxable Fixed Income | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Lord Xxxxxx Investment Trust Lord Xxxxxx Floating Rate Fund | ||
| By: Lord Xxxxxx & Co LLC, As Investment Manager | ||
| By: | /s/ Xxxxxxx Xxxxx | |
| Name: | Xxxxxxx Xxxxx | |
| Title: | Portfolio Manager, Taxable Fixed Income | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| National Electrical Benefit Fund | ||
| By: Lord Xxxxxx & Co LLC, As Investment Manager | ||
| By: | /s/ Xxxxxxx Xxxxx | |
| Name: | Xxxxxxx Xxxxx | |
| Title: | Portfolio Manager, Taxable Fixed Income | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OCP CLO 2012-2, Ltd. | ||
| By: Onex Credit Partners, LLC, as Collateral Manager | ||
| By: | /s/ Xxxx Xxxxxx | |
| Name: | Xxxx Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OCP CLO 2013-3, Ltd. | ||
| By: Onex Credit Partners, LLC, as Portfolio Manager | ||
| By: | /s/ Xxxx Xxxxxx | |
| Name: | Xxxx Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OCP CLO 2013-4, Ltd. | ||
| By: Onex Credit Partners, LLC, as Portfolio Manager | ||
| By: | /s/ Xxxx Xxxxxx | |
| Name: | Xxxx Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OCP CLO 2014-5, Ltd. | ||
| By: Onex Credit Partners, LLC, as Portfolio Manager | ||
| By: | /s/ Xxxx Xxxxxx | |
| Name: | Xxxx Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OCP CLO 2014-6, Ltd. | ||
| By: Onex Credit Partners, LLC, as Collateral Manager | ||
| By: | /s/ Xxxx Xxxxxx | |
| Name: | Xxxx Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OCP CLO 2014-7, Ltd. | ||
| By: Onex Credit Partners, LLC, as Collateral Manager | ||
| By: | /s/ Xxxx Xxxxxx | |
| Name: | Xxxx Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OCP CLO 2015-9, Ltd. | ||
| By: Onex Credit Partners, LLC, as Collateral Manager | ||
| By: | /s/ Xxxx Xxxxxx | |
| Name: | Xxxx Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OCP Credit Strategy Fund | ||
| By: Onex Credit Partners, LLC, its manager | ||
| By: | /s/ Xxxx Xxxxxx | |
| Name: | Xxxx Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Onex Debt Opportunity Fund, Ltd. | ||
| By: Onex Credit Partners, LLC, its investment manager | ||
| By: | /s/ Xxxx Xxxxxx | |
| Name: | Xxxx Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Onex Debt Opportunity Fund, LP | ||
| By: Onex Credit Partners, LLC, its investment manager | ||
| By: | /s/ Xxxx Xxxxxx | |
| Name: | Xxxx Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OFSI Fund VII, Ltd. | ||
| By: OFS Capital management, LLC Its Collateral Manager | ||
| By: | /s/ Xxx DeSapn | |
| Name: | Xxx DeSapn | |
| Title: | Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OFSI Fund VI, Ltd. | ||
| By: OFS Capital management, LLC Its Collateral Manager | ||
| By: | /s/ Xxx DeSapn | |
| Name: | Xxx DeSapn | |
| Title: | Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OFSI Fund V, Ltd. | ||
| By: OFS Capital management, LLC Its Collateral Manager | ||
| By: | /s/ Xxx DeSapn | |
| Name: | Xxx DeSapn | |
| Title: | Director | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OHA CREDIT PARTNERS IX, LTD. | ||
| By: Oak Hill Advisors, L.P. as Portfolio Manager | ||
| By: | /s/ Xxxxx August | |
| Name: | Xxxxx August | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OHA CREDIT PARTNERS VI, LTD. | ||
| By: Oak Hill Advisors, L.P. as its portfolio manager | ||
| By: | /s/ Xxxxx August | |
| Name: | Xxxxx August | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OHA CREDIT PARTNERS VIII, LTD. | ||
| By: Oak Hill Advisors, L.P. as Portfolio Manager | ||
| By: | /s/ Xxxxx August | |
| Name: | Xxxxx August | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OHA CREDIT PARTNERS VIII, LTD. | ||
| By: Oak Hill Advisors, L.P. as Warehouse Portfolio Manager | ||
| By: | /s/ Xxxxx August | |
| Name: | Xxxxx August | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OHA CREDIT PARTNERS X, LTD. | ||
| By: Oak Hill Advisors, L.P. as Portfolio Manager | ||
| By: | /s/ Xxxxx August | |
| Name: | Xxxxx August | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OHA LOAN FUNDING 2012-1, LTD. | ||
| By: Oak Hill Advisors, L.P. as Portfolio Manager | ||
| By: | /s/ Xxxxx August | |
| Name: | Xxxxx August | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OHA LOAN FUNDING 2013-1, LTD. | ||
| By: Oak Hill Advisors, L.P. as Portfolio Manager | ||
| By: | /s/ Xxxxx August | |
| Name: | Xxxxx August | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OHA LOAN FUNDING 2013-2, LTD. | ||
| By: Oak Hill Advisors, L.P. as Portfolio Manager | ||
| By: | /s/ Xxxxx August | |
| Name: | Xxxxx August | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| OHA LOAN FUNDING 2014-1, LLC | ||
| By: Oak Hill Advisors, L.P. as Portfolio Manager | ||
| By: | /s/ Xxxxx August | |
| Name: | Xxxxx August | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxxxx Square CLO 2015-1 Ltd | ||
| By: Xxxxxx Square Capital Management LLC, as Portfolio Manager | ||
| By: | /s/ Xxxx Xxxxxxxx | |
| Name: | Xxxx Xxxxxxxx | |
| Title: | Vice President - Operations | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxxxx Square CLO 2015-2 Ltd | ||
| By: Xxxxxx Square Capital Management LLC, as Portfolio Manager | ||
| By: | /s/ Xxxx Xxxxxxxx | |
| Name: | Xxxx Xxxxxxxx | |
| Title: | Vice President - Operations | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxxxxx Credit Opportunities Master Ltd. | ||
| By: | /s/ Xxxxxx Xxxxxxx | |
| Name: | Xxxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| R2 Investments, LDC | ||
| By: Amalgamated Gadget, L.P., as its Investment Manager | ||
| By: Scepter Holdings, Inc., its General Partner | ||
| By: | /s/ Xxxx Xxxxxx | |
| Name: | Xxxx Xxxxxx | |
| Title: | CAO & Treasurer | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| REDWOOD MASTER FUND, LTD. | ||
| By: Redwood Capital Management, LLC, its Investment Manager | ||
| By: | /s/ Xxxxx Kilksberg | |
| Name: | Xxxxx Kilksberg | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| REGIONS BANK | ||
| By: | /s/ Xxxxxxx Xxxxxxxx | |
| Name: | Xxxxxxx Xxxxxxxx | |
| Title: | Senior Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Saranac CLO I Limited | ||
| By: Canaras Capital Management, LLC As Sub-Investment Advisor | ||
| By: | /s/ Xxxxxxx Xxxxxxxxx | |
| Name: | Xxxxxxx Xxxxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Saranac CLO II Limited | ||
| By: Canaras Capital Management, LLC As Sub-Investment Advisor | ||
| By: | /s/ Xxxxxxx Xxxxxxxxx | |
| Name: | Xxxxxxx Xxxxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Saranac CLO III Limited | ||
| By: Canaras Capital Management, LLC As Sub-Investment Advisor | ||
| By: | /s/ Xxxxxxx Xxxxxxxxx | |
| Name: | Xxxxxxx Xxxxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Sound Harbor Loan Fund 2014-1 Ltd. | ||
| By: | /s/ Xxxx Xxxxxxxx | |
| Name: | Xxxx Xxxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Special Situations Investing Group, Inc. | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Authorized Signatory | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| TRS Tupelo LLC | ||
| By: Deutsche Bank AG Cayman Islands Branch, its sole member | ||
| By: DB Services New Jersey, Inc. | ||
| By: | /s/ Xxxxxx Xxx | |
| Name: | Xxxxxx Xxx | |
| Title: | Assistant Vice President | |
| By: | /s/ Xxxxxxx Xxxx | |
| Name: | Xxxxxxx Xxxx | |
| Title: | Assistant Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| VENTURE XV CLO, Limited | ||
| By: its investment advisor MJX Asset Management LLC | ||
| By: | /s/ Xxxx X. Xxxxxx | |
| Name: | Xxxx X. Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| VENTURE XVI CLO, Limited | ||
| By: its investment advisor MJX Asset Management LLC | ||
| By: | /s/ Xxxx X. Xxxxxx | |
| Name: | Xxxx X. Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Venture XI CLO, Limited | ||
| By: its investment advisor, MJX Asset Management LLC | ||
| By: | /s/ Xxxx X. Xxxxxx | |
| Name: | Xxxx X. Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| VENTURE XII CLO, Limited | ||
| By: its investment advisor MJX Asset Management LLC | ||
| By: | /s/ Xxxx X. Xxxxxx | |
| Name: | Xxxx X. Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| VENTURE XIII CLO, Limited | ||
| By: its Investment Advisor MJX Asset Management LLC | ||
| By: | /s/ Xxxx X. Xxxxxx | |
| Name: | Xxxx X. Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| VENTURE XIV CLO, Limited | ||
| By: its investment advisor MJX Asset Management LLC | ||
| By: | /s/ Xxxx X. Xxxxxx | |
| Name: | Xxxx X. Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Venture X CLO, Limited | ||
| By: its investment advisor MJX Asset Management LLC | ||
| By: | /s/ Xxxx X. Xxxxxx | |
| Name: | Xxxx X. Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| VENTURE XXI CLO, Limited | ||
| By: its investment advisor MJX Asset Management LLC | ||
| By: | /s/ Xxxx X. Xxxxxx | |
| Name: | Xxxx X. Xxxxxx | |
| Title: | Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Vibrant CLO II, Ltd. | ||
| By: DFG Investment Advisers, Inc., as Portfolio Manager | ||
| By: | /s/ Xxxxx Xxxxxxxx | |
| Name: | Xxxxx Xxxxxxxx | |
| Title: | Managing Partner and Senior Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Vibrant CLO III, Ltd. | ||
| By: DFG Investment Advisers, Inc. | ||
| By: | /s/ Xxxxx Xxxxxxxx | |
| Name: | Xxxxx Xxxxxxxx | |
| Title: | Managing Partner and Senior Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| VIBRANT CLO, Ltd. | ||
| By: DFG Investment Advisers, Inc., as Portfolio Manager | ||
| By: | /s/ Xxxxx Xxxxxxxx | |
| Name: | Xxxxx Xxxxxxxx | |
| Title: | Managing Partner and Senior Portfolio Manager | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Xxxxx Fargo Bank, N.A. | ||
| By: | /s/ Xxxxx X. Brendon | |
| Name: | Xxxxx X. Xxxxxxx | |
| Title: | Senior Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| West CLO 2013-1 Ltd. | ||
| By: | /s/ Xxxxxx Xxxxxxx | |
| Name: | Xxxxxx Xxxxxxx | |
| Title: | Vice President, Analyst | |
Signature Page to Waiver and Second Amendment to Credit Agreement
| Whitney Bank | ||
| By: | /s/ Xxxxxxx Xxxxxxxx | |
| Name: | Xxxxxxx Xxxxxxxx | |
| Title: | Assistant Vice President | |
Signature Page to Waiver and Second Amendment to Credit Agreement
