to be reimbursed or paid by the Borrowers in connection with this Amendment and the other Loan Documents. 3. Representations and Warranties. To induce the Administrative Agent to enter into this Amendment, each Loan Party party hereto hereby...
EXECUTION VERSION AMENDMENT NO. 3 TO REVOLVING CREDIT AGREEMENT This Amendment No. 3 to Revolving Credit Agreement, dated as of April 21, 2020 (this “Amendment”), is among XXXXXX & XXXXXXXX CORPORATION, a Wisconsin corporation (the “Lead Borrower”), the other Loan Parties party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent (the “Administrative Agent”) and the lenders party hereto (the “Lenders”). Capitalized terms used and not otherwise defined herein have the definitions provided therefor in the Credit Agreement referenced below. W I T N E S S E T H: WHEREAS, the Lead Borrower, the other Borrowers from time to time party thereto, the Lenders (as defined therein) from time to time party thereto and the Administrative Agent are parties to that certain Revolving Credit Agreement, dated as of September 27, 2019 (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”; the Credit Agreement, as amended by this Amendment, the “Amended Credit Agreement”); WHEREAS, pursuant to Section 13.12 of the Credit Agreement, the Loan Parties party to the Credit Agreement, the Administrative Agent and the Required Lenders may amend the Credit Agreement and in the case of any amendment, modification, or waiver of any provision relating to the rights or obligations of any Issuing Bank, with the consent of such Issuing Bank; and WHEREAS, the Lead Borrower has requested that the Administrative Agent, the Issuing Banks and the Required Lenders amend, and the Administrative Agent, the Issuing Banks and the Required Lenders have agreed to amend, the Credit Agreement as set forth herein. NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein, the receipt and sufficiency of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto agree as follows: 1. Amendments to the Credit Agreement. Effective as of the date of satisfaction of the conditions precedent set forth in Section 2 below, the parties hereto agree that: (a) Clauses (A) and (B) of Section 2.13(b) of the Credit Agreement are hereby amended and restated to read as follows: “(A) the LC Exposure shall not exceed $55,000,000 (the “LC Sublimit”), (B) the North American LC Exposure shall not exceed $53,000,000 (the “North American LC Sublimit”)” 2. Conditions Precedent. The effectiveness of this Amendment is subject to the conditions precedent that: (a) the Administrative Agent shall have received counterparts to (i) this Amendment, duly executed by each Loan Party party to the Credit Agreement, the Administrative Agent, the Issuing Banks and Lenders constituting the Required Lenders and (ii) the Consent and Reaffirmation attached hereto, duly executed by each Guarantor; (b) the Administrative Agent and its Affiliates shall have received all fees and other amounts due and payable on or prior to the date hereof, including, to the extent invoiced, reimbursement or payment of all reasonable and documented out-of-pocket expenses (including reasonable and documented fees and expenses of counsel for the Administrative Agent) required US-DOCS\114544397.3
to be reimbursed or paid by the Borrowers in connection with this Amendment and the other Loan Documents. 3. Representations and Warranties. To induce the Administrative Agent to enter into this Amendment, each Loan Party party hereto hereby represents and warrants to the Administrative Agent and the Lenders that: (a) This Amendment and the Amended Credit Agreement constitute its legal, valid and binding obligations, enforceable in accordance with their terms, subject to (i) the effects of bankruptcy, insolvency, moratorium, reorganization, administration, examinership, fraudulent conveyance or other similar laws affecting creditors’ rights generally, (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and (iii) implied covenants of good faith and fair dealing; and (b) As of the date hereof and immediately after giving effect to the terms of this Amendment, (i) no Default or Event of Default has occurred and is continuing and (ii) the representations and warranties of the Loan Parties set forth in the Credit Agreement are true and correct in all material respects (without duplication of any materiality standard set forth in any such representation or warranty), except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties are true and correct in all material respects as of such date (without duplication of any materiality standard set forth in any such representation or warranty). 4. Reference to and Effect on the Credit Agreement. (a) Upon the effectiveness hereof, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, and each reference in any other Loan Document to the Credit Agreement (including, without limitation, by means of words like “thereunder,” “thereof,” and words of like import), shall mean and be a reference to the Amended Credit Agreement and this Amendment and the Credit Agreement shall be read together and construed as a single instrument referred to herein as the Amended Credit Agreement. (b) Except as expressly amended hereby, the Credit Agreement and all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby reaffirmed, ratified and confirmed. (c) The Liens and security interests in favor of the Collateral Agent for the benefit of the Secured Parties securing payment of the Obligations (and all filings with any Governmental Authority in connection therewith) are in all respects continuing and in full force and effect with respect to all Obligations, in each case in accordance with and to the extent contemplated by the terms of the respective Loan Documents. (d) Except with respect to the subject matter hereof, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith. (e) This Amendment is a Loan Document under (and as defined in) the Credit Agreement. 2
5. Miscellaneous. (a) Governing Law. This Amendment shall be construed in accordance with and governed by the law of the State of New York. (b) Headings. The headings of the several Sections and subsections of this Amendment are inserted for convenience only and shall not in any way affect the meaning or construction of any provision of this Amendment. (c) Counterparts. This Amendment may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by telecopy, e-mailed .pdf or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Amendment. [Remainder of Page Intentionally Left Blank] 3
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first above written. XXXXXX & XXXXXXXX CORPORATION, as Lead Borrower By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Vice President Treasurer XXXXXX & XXXXXXXX XX, as Subsidiary Borrower By: /s/ Xxxx Xxxxxxxxxxxx Name: Xxxx Xxxxxxxxxxxx Title: Member of Board of Directors Signature Page to Amendment No. 3 to Credit Agreement
JPMORGAN CHASE BANK, N.A., individually as a Lender, as an Issuing Bank and as Administrative Agent By: Xxxx Xxxxxxx Name: Xxxx Xxxxxxx Title: Authorized Signer Signature Page to Amendment No. 3 to Credit Agreement
JPMORGAN CHASE BANK, N.A., LONDON BRANCH, as an Issuing Bank and as a Swiss Lender By: /s/ Xxxxxxx X. Xxxxx Name: Xxxxxxx X. Xxxxx Title: Authorized Officer Signature Page to Amendment No. 3 to Credit Agreement
BANK OF AMERICA, N.A., as a Lender and as an Issuing Bank By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Senior Vice President Signature Page to Amendment No. 3 to Credit Agreement
BANK OF MONTREAL, as a Lender and as an Issuing Bank By: /s/ Xxxxxxxx Xxxxxx Name: Xxxxxxxx Xxxxxx Title: Vice President BANK OF MONTREAL, LONDON BRANCH, as a Lender and as an Issuing Bank By: /s/ Xxx Xxxxxxx Name: Xxx Xxxxxxx Title: Managing Director By: /s/ Xxxxx Xxxxxxxx Name: Xxxxx Xxxxxxxx Title: Managing Director Signature Page to Amendment No. 3 to Credit Agreement
XXXXX FARGO BANK, NATIONAL ASSOCIATION, as a Lender and as an Issuing Bank By: /s/ Xxxxxx Xxxxx Name: Xxxxxx Xxxxx Title: Authorized Signatory XXXXX FARGO BANK, NATIONAL ASSOCIATION, LONDON BRANCH, as a Lender and as an Issuing Bank By: /s/ Xxxxxx Xxxxx Name: Xxxxxx Xxxxx Title: Authorised Signatory Signature Page to Amendment No. 3 to Credit Agreement
U.S. BANK NATIONAL ASSOCIATION, as a Lender By: /s/ Xxxxx Xxxxxxx Name: Xxxxx Xxxxxxx Title: Authorized Officer Signature Page to Amendment No. 3 to Credit Agreement
CIBC BANK USA, as a Lender By: /s/ Xxxxx X. Xxxxxxxx Name: Xxxxx X. Xxxxxxxx Title: Managing Director Signature Page to Amendment No. 3 to Credit Agreement
FIRST MIDWEST BANK, as a Lender By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Vice President Signature Page to Amendment No. 3 to Credit Agreement
CONSENT AND REAFFIRMATION Each of the undersigned hereby acknowledges receipt of a copy of the foregoing Amendment No. 3 to the Revolving Credit Agreement, dated as of September 27, 2019 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among Xxxxxx & Xxxxxxxx Corporation, a Wisconsin corporation (the “Lead Borrower”), each of the other Borrowers party thereto from time to time, the Lenders party thereto from time to time, the Issuing Banks party thereto from time to time and JPMorgan Chase Bank, N.A., as the Administrative Agent, the Collateral Agent, the Australian Security Trustee and the Swingline Lender, which Amendment No. 3 is dated as of April 21, 2020 (the “Amendment”). Capitalized terms used in this Consent and Reaffirmation and not defined herein shall have the meanings given to them in the Credit Agreement. Without in any way establishing a course of dealing by the Administrative Agent or any Lender, each of the undersigned consents to the Amendment and reaffirms the terms and conditions of the Guarantee Agreement and any other Loan Document executed by it and acknowledges and agrees that such agreements and each and every such Loan Document executed by the undersigned in connection with the Credit Agreement remains in full force and effect and is hereby reaffirmed, ratified and confirmed. All references to the Credit Agreement contained in the above referenced documents shall be a reference to the Credit Agreement as so modified by the Amendment and as the same may from time to time hereafter be amended, modified or restated. Dated: April 21, 2020 [Signature Page Follows]
XXXXXX & XXXXXXXX CORPORATION By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Vice President Treasurer XXXXXX & XXXXXXXX XX By: /s/ Xxxx X. Xxxxxxxxxxxx Name: Xxxx X. Xxxxxxxxxxxx Title: Member of Board of Directors XXXXXX & XXXXXXXX INTERNATIONAL AG By: /s/ Xxxx X. Xxxxxxxxxxxx Name: Xxxx X. Xxxxxxxxxxxx Title: Member of Board of Directors XXXXX GOAT INDUSTRIES, INC. By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Vice President Treasurer ALLMAND BROS., INC. By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Vice President Treasurer Signature Page to Consent and Reaffirmation (Amendment No. 3 to Credit Agreement)
Signed, sealed and delivered by XXXXXX & XXXXXXXX AUSTRALIA PTY. LIMITED ACN 006 576 656 in accordance with section 127 of the Corporations Xxx 0000 (Cth) by: /s/ Xxxx X. Xxxxxxxxxxxx /s/ Xxxxxx X. Xxxxxxx Signature of director Signature of director/secretary Xxxx X. Xxxxxxxxxxxx Xxxxxx X. Xxxxxxx Name of director (print) Name of director/secretary (print) Signature Page to Consent and Reaffirmation (Amendment No. 3 to Credit Agreement)
Signed, sealed and delivered by VICTA LTD ACN 000 000 000 in accordance with section 127 of the Corporations Xxx 0000 (Cth) by: /s/ Xxxx X. Xxxxxxxxxxxx /s/ Xxxxxx X. Xxxxxx Signature of director Signature of director/secretary Xxxx X. Xxxxxxxxxxxx Xxxxxx X. Xxxxxx Name of director (print) Name of director/secretary (print) Signature Page to Consent and Reaffirmation (Amendment No. 3 to Credit Agreement)
