AMENDMENT NO. 6 TO CREDIT AGREEMENT
Exhibit
10.1
AMENDMENT
NO. 6 TO CREDIT AGREEMENT
This
AMENDMENT NO. 6 TO CREDIT AGREEMENT (this "Amendment") is dated as of May 14,
2007, and is by and among GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware
corporation, individually as sole Lender and as Agent for the Lenders ("Agent"),
ODYSSEY HEALTHCARE OPERATING A, LP, a Delaware limited partnership ("OpCoA"),
ODYSSEY HEALTHCARE OPERATING B, LP, a Delaware limited partnership ("OpCoB"),
HOSPICE OF THE PALM COAST, INC., a Florida not for profit corporation ("Palm
Coast"; OpCoA, OpCoB and Palm Coast being referred to together as the
"Borrowers" and each individually as a "Borrower"), and the other Credit Parties
signatory hereto.
W
I T N E S S E T H:
WHEREAS,
pursuant to that certain Credit Agreement dated as of May 14, 2004, by and
among
Agent, the Lenders from time to time party thereto ("Lenders"), Borrowers and
the other Credit Parties signatory from time to time thereto (as amended or
otherwise modified from time to time, the "Credit Agreement"; capitalized terms
used herein and not otherwise defined herein shall have the meaning ascribed
to
such terms in the Credit Agreement), Agent and Lenders agreed, subject to the
terms and provisions thereof, to provide certain loans and other financial
accommodations to Borrowers;
WHEREAS,
Borrowers desire that Agent and Lenders amend the Credit Agreement in certain
respects, as more fully set forth herein, and Agent and Lenders are agreeable
to
such request;
NOW,
THEREFORE, in consideration of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the
parties hereto agree as follows:
1. Amendments
to Credit Agreement.
Subject
to the satisfaction of the conditions set forth in Section 2 below, and in
reliance on the representations and warranties set forth in Section 4 below,
the
Credit Agreement is amended as follows:
(a) Clause
(a)
of the definition of “Commitment Termination Date” in Annex A to the Credit
Agreement is hereby amended by replacing the reference to “May 14, 2007” with
“May 31, 2007”.
(b) Clause
(a)
of Section 6.5 of the Credit Agreement is hereby amended by replacing the
reference to “May 14, 2007” with “May 31, 2007”.
2. Conditions.
The
effectiveness of this Amendment is subject to the satisfaction of the following
conditions precedent or concurrent:
(a) Agent
shall have received this Amendment executed by Borrowers and the Requisite
Lenders; and
(b) No
Default
or Event of Default shall have occurred and be continuing, both before and
after
giving effect to the provisions of this Amendment.
3. References;
Effectiveness.
Agent,
Lenders and Borrowers hereby agree that, upon the effectiveness of this
Amendment, all references to the Credit Agreement which are contained in any
of
the other Loan Documents shall refer to the Credit Agreement as modified by
this
Amendment.
4. Representations
and Warranties.
To
induce Lenders to enter into this Amendment, each Borrower hereby represents
and
warrants to Lenders that:
(a) All
representations and warranties contained in the Credit Agreement are true and
correct in all material respects on and as of the date of this Amendment, in
each case as if then made, other than representations and warranties that
expressly relate solely to an earlier date (in which case such representations
and warranties remain true and accurate on and as of such earlier
date);
(b) This
Amendment constitutes the legal, valid and binding obligation of such Borrower
and is enforceable against such Borrower in accordance with its
terms;
(c) There
is
no Default or Event of Default in existence and none would result from the
consummation of the transactions described in, and the subject of, this
Amendment; and
(d) The
execution and delivery by each Borrower of this Amendment does not require
the
consent or approval of any person or entity, except such consents and approvals
as have been obtained.
5. Counterparts.
This
Amendment may be executed in any number of counterparts and by the different
parties on separate counterparts, and each such counterpart shall be deemed
to
be an original, but all such counterparts shall together constitute but one
and
the same Amendment.
6. Governing
Law.
This
Amendment shall be governed by, and construed and enforced in accordance with,
the internal laws of the State of New York applicable to contracts made and
performed in that state and any applicable laws of the United States of America.
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7. Continued
Effectiveness.
Except
as modified hereby, the Credit Agreement and each of the Loan Documents shall
continue in full force and effect according to its terms
and each
such Loan Document is hereby ratified in all respects.
[Signature
Pages Follow]
-3-
IN
WITNESS
WHEREOF, this Amendment has been executed as of the day and year first written
above.
GENERAL
ELECTRIC CAPITAL CORPORATION, as Agent and sole Lender |
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By: | /s/ Xxxx Xxxx | |
Name:
Xxxx Xxxx
Title:
Duly Authorized Signatory
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BORROWERS:
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ODYSSEY
HEALTHCARE OPERATING A, LP
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By: |
Odyssey
HealthCare GP, LLC
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Its:
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General
Partner
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By: /s/ R. Xxxx Xxxxxxx | ||
Name: R.
Xxxx Xxxxxxx
Title: Senior
Vice President and Chief Financial
Officer
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ODYSSEY
HEALTHCARE OPERATING B, LP
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By: |
Odyssey
HealthCare GP, LLC
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Its:
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General
Partner
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By: /s/ R. Xxxx Xxxxxxx | ||
Name: R.
Xxxx Xxxxxxx
Title: Senior
Vice President and Chief Financial
Officer
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HOSPICE
OF THE PALM COAST, INC.
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By: /s/ R. Xxxx Xxxxxxx | ||
Name: R.
Xxxx Xxxxxxx
Title: Senior
Vice President and Chief Financial
Officer
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CREDIT PARTIES: | ||
ODYSSEY
HEALTHCARE, INC.
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By: |
/s/
R. Xxxx Xxxxxxx
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Its:
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Senior
Vice President and Chief Financial
Officer
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ODYSSEY
HEALTHCARE HOLDING COMPANY
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By: |
/s/
R. Xxxx Xxxxxxx
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Its:
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Senior
Vice President and Chief Financial
Officer
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ODYSSEY
HEALTHCARE GP, LLC
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By: |
/s/
R. Xxxx Xxxxxxx
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Its:
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Senior
Vice President and Chief Financial
Officer
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ODYSSEY
HEALTHCARE LP, LLC
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By: |
/s/
Xxxx X. Xxxx
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Its:
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Manager
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ODYSSEY
HEALTHCARE MANAGEMENT LP
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By: |
Odyssey
HealthCare GP, LLC
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Its:
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General
Partner
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By: |
/s/
R. Xxxx Xxxxxxx
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Its:
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Senior
Vice President and Chief Financial
Officer
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