Exhibit 4.61
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EXTENSION AGREEMENT
dated as of February 26, 2002
among
DOLLAR THRIFTY FUNDING CORP.,
an Oklahoma corporation
CERTAIN FINANCIAL INSTITUTIONS,
as the Liquidity Lenders
and
CREDIT SUISSE FIRST BOSTON, NEW YORK BRANCH,
as Liquidity Agent
EXTENSION AGREEMENT
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THIS EXTENSION AGREEMENT (this "Agreement") dated as of February 26, 2002,
is entered into among Dollar Thrifty Funding Corp., an Oklahoma corporation
("DTFC"), the undersigned financial institutions (the "Liquidity Lenders"),
Credit Suisse First Boston, New York Branch, a Swiss banking corporation
("Liquidity Agent"), JPMorgan Chase Bank (formerly known as The Chase Manhattan
Bank), not as a party but as Syndication Agent, and Deutsche Bank AG, New York
Branch, not as a party but as Documentation Agent.
RECITALS:
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A. The undersigned are parties to that certain Liquidity Agreement
dated as of March 4, 1998, among DTFC, the Liquidity Lenders, the Liquidity
Agent and The Chase Manhattan Bank, not as a party but as Syndication Agent, as
subsequently amended by (i) Amendment No. 1 to Liquidity Agreement dated as of
Xxxxx 0, 0000, (xx) Amendment No. 2 to Liquidity Agreement dated as of October
20, 1999, (iii) Amendment No. 3 to Liquidity Agreement dated as of February 18,
2000, (iv) Amendment No. 4 to Liquidity Agreement dated as of February 28, 2001,
and (v) Amendment No. 5 to Liquidity Agreement dated as of the date hereof (as
amended to the date hereof, the "Liquidity Agreement"); and
B. The undersigned desire to extend the Scheduled Liquidity Commitment
Termination Date from February 26, 2002 to February 24, 2003.
NOW, THEREFORE, the parties hereto hereby agree as follows:
1. Definitions. Capitalized terms used but not defined herein shall
have the meanings assigned to such terms in the Definitions List annexed to the
Liquidity Agreement as Annex A, as such Definitions List has heretofore been or
may hereafter be amended or modified from time to time in accordance with the
provisions of the Liquidity Agreement.
2. Extension. Pursuant to Section 3.5 of the Liquidity Agreement, the
Scheduled Liquidity Commitment Termination Date with respect to each undersigned
Liquidity Lender is hereby extended on February 26, 2002 until February 24,
2003.
3. Condition to Effectiveness. The effectiveness of this Agreement
shall be conditioned upon the effectiveness of that certain Amendment No. 5 to
Liquidity Agreement dated as of the date hereof among DTFC, the financial
institutions parties thereto, and the Liquidity Agent.
4. Continuing Accuracy of Representations and Warranties. The
representations and warranties of DTFC in each of the CP Program Documents to
which DTFC is a party are true and correct (in all material respects to the
extent such representations and warranties do not incorporate a materiality
limitation in their terms) on the date of this Agreement as though made on and
as of the date of this Agreement.
5. Binding Effect. This Agreement shall be binding upon and inure to
the benefit of the parties and their respective successors and assigns.
6. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO THE PROVISIONS
THEREOF REGARDING CONFLICTS OF LAWS), AND THE OBLIGATIONS, RIGHTS AND REMEDIES
OF THE PARTIES HERETO SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
7. Counterparts. This Agreement may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when executed and delivered shall be deemed to be an original and all of
which taken together shall constitute but one and the same agreement.
[SIGNATURES ON FOLLOWING PAGES]
2
IN WITNESS WHEREOF, the undersigned have caused this Agreement to be
executed and delivered as of the day and year first above written.
DTFC:
DOLLAR THRIFTY FUNDING CORP.,
an Oklahoma corporation
By:____________________________________________
Xxxxxx X. Xxxx
Vice President and Treasurer
LIQUIDITY AGENT:
CREDIT SUISSE FIRST BOSTON, NEW YORK BRANCH,
a Swiss banking corporation
By:____________________________________________
Name:_______________________________________
Title:______________________________________
By:____________________________________________
Name:_____________________________________
Title:____________________________________
SERIES 1998-1 LETTER OF CREDIT PROVIDER:
CREDIT SUISSE FIRST BOSTON, NEW YORK BRANCH,
a Swiss banking corporation
By:____________________________________________
Name:_______________________________________
Title:______________________________________
By:____________________________________________
Name:_______________________________________
Title: _____________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$70,000,000 CREDIT SUISSE FIRST BOSTON, NEW YORK BRANCH,
a Swiss banking corporation
By:____________________________________________
Name:_______________________________________
Title:______________________________________
By:____________________________________________
Name:_______________________________________
Title:______________________________________
4
LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$70,000,000 JPMORGAN CHASE BANK
By:____________________________________________
Name:_______________________________________
Title:______________________________________
5
LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$50,000,000 ING (U.S.) CAPITAL, LLC
By:____________________________________________
Name:_______________________________________
Title:______________________________________
6
LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$35,000,000 THE BANK OF NOVA SCOTIA
By:____________________________________________
Name:_______________________________________
Title:______________________________________
7
LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$50,000,000 ABN AMRO BANK N.V.
By:____________________________________________
Name:_______________________________________
Title:______________________________________
By:____________________________________________
Name:_______________________________________
Title:______________________________________
8
LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$25,000,000 CREDIT INDUSTRIEL ET COMMERCIAL
By:____________________________________________
Name:_______________________________________
Title:______________________________________
By:____________________________________________
Name:_______________________________________
Title:______________________________________
9
LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$40,000,000 DRESDNER BANK AG, NEW YORK AND GRAND
CAYMAN BRANCHES
By:____________________________________________
Name:_______________________________________
Title:______________________________________
By:____________________________________________
Name:_______________________________________
Title:______________________________________
10
LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$25,000,000 BNP PARIBAS
By:____________________________________________
Name:_______________________________________
Title:______________________________________
By:____________________________________________
Name:_______________________________________
Title:______________________________________
11
LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$50,000,000 BANK OF MONTREAL
By:____________________________________________
Name:_______________________________________
Title:______________________________________
12
LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$22,000,000 COMERICA BANK
By:____________________________________________
Name:_______________________________________
Title:______________________________________
13
LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$60,000,000 DEUTSCHE BANK AG, NEW YORK A/O CAYMAN
ISLANDS BRANCHES
By:____________________________________________
Name:_______________________________________
Title:______________________________________
By:____________________________________________
Name:_______________________________________
Title:______________________________________
14
LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$25,000,000 LANDESBANK HESSEN-THURINGEN GIROZENTRALE
By:____________________________________________
Name:_______________________________________
Title:______________________________________
By:____________________________________________
Name:_______________________________________
Title:______________________________________
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