EXHIBIT 4.38
EXTENSION AGREEMENT
dated as of February 28, 2001
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
THIS EXTENSION AGREEMENT (this "Agreement") dated as of February 28, 2001,
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"), 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:
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, and
(iii) Amendment No. 3 to Liquidity Agreement dated as of February 18, 2000 (as
amended to the date hereof, the "Liquidity Agreement"); and
B. The undersigned desire to extend the Scheduled Liquidity Commitment
Termination Date from February 28, 2001 to February 26, 2002.
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 28, 2001 until February 26,
2002.
3. Condition to Effectiveness. The effectiveness of this Agreement shall
be conditioned upon the effectiveness of that certain Amendment No. 4 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]
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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: ________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$80,000,000 CREDIT SUISSE FIRST BOSTON, NEW YORK
BRANCH, a Swiss banking corporation
By: _______________________________________
Name: _________________________________
Title: ________________________________
By: _______________________________________
Name: _________________________________
Title: ________________________________
4
LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$80,000,000 THE CHASE MANHATTAN BANK
By: _______________________________________
Name: _________________________________
Title: ________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
ING (U.S.) CAPITAL, LLC
By: _______________________________________
Name: _________________________________
Title: ________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$50,000,000 THE BANK OF NOVA SCOTIA
By: _______________________________________
Name: _________________________________
Title: ________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$50,000,000 ABN AMRO BANK N.V.
By: _______________________________________
Name: _________________________________
Title: ________________________________
By: _______________________________________
Name: _________________________________
Title: ________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$40,000,000 CREDIT INDUSTRIEL ET COMMERCIAL
By: _______________________________________
Name: _________________________________
Title: ________________________________
By: _______________________________________
Name: _________________________________
Title: ________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$40,000,000 DRESDNER BANK AG, NEW YORK AND
GRAND CAYMAN BRANCHES
By: _______________________________________
Name: _________________________________
Title: ________________________________
By: _______________________________________
Name: _________________________________
Title: ________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$25,000,000 BNP PARIBAS
By: _______________________________________
Name: _________________________________
Title: ________________________________
By: _______________________________________
Name: _________________________________
Title: ________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$25,000,000 BBL INTERNATIONAL (U.K.) LTD
By: _______________________________________
Name: _________________________________
Title: ________________________________
By: _______________________________________
Name: _________________________________
Title: ________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$50,000,000 BANK OF MONTREAL
By: _______________________________________
Name: _________________________________
Title: ________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$50,000,000 BANK ONE, NA
By: _______________________________________
Name: _________________________________
Title: ________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$30,000,000 BAYERISCHE LANDESBANK GIROZENTRALE,
NEW YORK BRANCH
By: _______________________________________
Name: _________________________________
Title: ________________________________
By: _______________________________________
Name: _________________________________
Title: ________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$25,000,000 COMERICA BANK
By: _______________________________________
Name: _________________________________
Title: ________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$60,000,000 DEUTSCHE BANK AG, NEW YORK A/O
CAYMAN ISLANDS BRANCHES
By: _______________________________________
Name:__________________________________
Title:_________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$25,000,000 XXXXX FARGO BANK
By: _______________________________________
Name: _________________________________
Title: ________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$10,000,000 UMB BANK, N.A.
By: _______________________________________
Name: _________________________________
Title: ________________________________
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LIQUIDITY COMMITMENT: LIQUIDITY LENDER:
$25,000,000 LANDESBANK HESSEN-THURINGEN
GIROZENTRALE
By: _______________________________________
Name: _________________________________
Title: ________________________________
By: _______________________________________
Name: _________________________________
Title: ________________________________
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