XXXX XX XXXXXXX
XXXX XX XXXXXXX XX0XX
000 Xxxxxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxxxxxxx, XX 00000-0000
February 26, 1999 Xxxxx X. XXXXXXX
Managing Director
CREDIT PRODUCTS 3838
Direct Dial: (000) 000-0000
Optical Coating Laboratory, Inc FAX: (000) 000 0000
0000 Xxxxxxxxxx Xxxxxxx
Xxxxx Xxxx, Xxxxxxxxxx 00000-0000
Attention: Xxxxxxx X. Xxxx, Assistant Treasurer
RE: THIRD AMENDMENT TO CREDIT AGREEMENT DATED AS OF JULY 31, 1998
AMONG OPTICAL COATING LABORATORY, INC. (THE "COMPANY"), THE
FINANCIAL INSTITUTIONS PARTY THERETO (THE "BANKS"), AND BANK OF
AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION, AS AGENT FOR
ITSELF AND THE BANKS (THE "AGENT") AND LETTER OF CREDIT ISSUING
BANK, AS AMENDED BY A WAIVER AND FIRST AMENDMENT DATED AS OF
JANUARY 8, 1999, EFFECTIVE AS OF OCTOBER 31, 1998, AND BY A SECOND
AMENDMENT DATED AS OF JANUARY 31, 1999 (AS SO AMENDED, THE "CREDIT
AGREEMENT")
Dear Xxxx:
Pursuant to your letter dated February 18, 1999 to the Agent, you
have requested certain amendments to the Credit Agreement to permit
certain debt by a Subsidiary and the Company's guaranty thereof. The
Banks are willing to agree to such amendments, subject to the terms and
conditions of this letter amendment agreement (this "Amendment").
The Credit Agreement shall be amended by amending and restating
Schedule 8.06 ("Certain Indebtedness") and Schedule 8.09 ("Contingent
Obligations") to the Credit Agreement in their entirety to read as set
forth in such schedules attached hereto. The Indebtedness listed on
Schedule 8.06 hereto shall be deemed to be permitted under subsection
8.06(c) of the Credit Agreement and the Contingent Obligations listed
on Schedule 8.09 hereto shall be deemed to be permitted under
subsection 8.09(c) of the Credit Agreement.
The execution and delivery by the Majority Banks of this Amendment
shall not create a course of dealing or obligate any Bank to enter into
other amendments under any other circumstances in the future. Except as
herein expressly amended, all terms, covenants and provisions of the
Credit Agreement are and shall remain in full force and effect and all
references therein and in any other documents or instruments given in
connection therewith to the Credit Agreement shall henceforth refer to
the Credit Agreement as amended by this Amendment. This Amendment shall
be deemed incorporated into, and a part of, the Credit Agreement, and
is a Loan Document.
This Amendment shall be effective as of the date hereof upon delivery
to the Agent of counterparts executed by the Company and the Majority
Banks. This Amendment may be executed in any number of counterparts,
each of which shall be deemed an original, but all such counterparts
together shall constitute but one and the same instrument. Capitalized
terms used in this Amendment and not defined in it shall have the
meanings assigned to them in the Agreement.
RE: OPTICAL COATING LABORATORY, INC.
February 26, 1999
Page 2
Sincerely,
BANK OF AMERICA NATIONAL TRUST
AND SAVINGS ASSOCIATION, as Agent
By: /s/ XXXXX X. XXXXXXX
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Xxxxx X. Xxxxxxx, Managing Director
AGREED TO AS OF THE DATE FIRST ABOVE WRITTEN:
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OPTICAL COATING LABORATORY, INC.
By: /s/ XXXXXXX X. XXXX
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Name: Xxxxxxx X. Xxxx
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Title: Assistant Treasurer
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BANK OF AMERICA NATIONAL TRUST
AND SAVINGS ASSOCIATION,
As Issuing Bank and as a Bank
By: /s/ XXXXX X. XXXXXXX
--------------------------------------
Name: Xxxxx X. Xxxxxxx
--------------------------------------
Title: Managing Director
--------------------------------------
ABN AMRO BANK N.Y.
By: /s/ XXXX X. XXXXXXXXX
--------------------------------------
Name: Xxxx X. Xxxxxxxxx
--------------------------------------
Title: GVP
--------------------------------------
By: /s/ X. XXXX JAULUM
--------------------------------------
Name: X. Xxxx Jaulum
--------------------------------------
Title: SVP
-------------------------------------
