FIRST AMENDMENT
Exhibit 10.1
FIRST AMENDMENT
FIRST AMENDMENT, dated as of August 19, 2015 (this “Amendment”), to the Amended and Restated Credit Agreement, dated as of November 14, 2014 (the “Credit Agreement”), among XXXX CORPORATION, a Delaware corporation (the “Borrower”), each FOREIGN SUBSIDIARY BORROWER, the several lenders from time to time parties thereto (the “Lenders”), the several agents parties thereto and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent (the “Administrative Agent”).
W I T N E S S E T H:
WHEREAS, the Borrower has requested, and the Required Lenders and the Administrative Agent have agreed, upon the terms and subject to the conditions set forth herein, that the Credit Agreement shall be amended as set forth herein;
NOW, THEREFORE, the parties hereto hereby agree as follows:
SECTION 1. Defined Terms. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Credit Agreement.
SECTION 2. Amendments. Section 1.1 of the Credit Agreement is hereby amended by deleting the definition of “Change of Control” and substituting in lieu thereof the following:
“Change of Control”: (a) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning of the Securities Exchange Act of 1934 and the rules of the SEC thereunder as in effect on the date hereof), of Capital Stock representing more than 35% of the aggregate ordinary voting power represented by the issued and outstanding Capital Stock of the Company; or (b) occupation of a majority of the seats (other than vacant seats) on the board of directors of the Company by Persons who were neither (i) nominated, or whose nomination or election was approved, by the board of directors of the Company nor (ii) appointed by directors so approved or nominated.
SECTION 3. Conditions to Effectiveness. This Amendment shall become effective on the date (the “Amendment Effective Date”) on which the Administrative Agent shall have received a counterpart of this Amendment, executed and delivered by a duly authorized officer of the Borrower, each Foreign Subsidiary Borrower and the Required Lenders.
SECTION 4. Effect on the Loan Documents. (a) Except as specifically amended or waived herein, all Loan Documents shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. The Borrower hereby agrees, with respect to each Loan Document to which it is a party, that: (i) all of its obligations, liabilities and indebtedness under such Loan Document shall remain in full force and effect on a continuous basis after giving effect to this Amendment and (ii) all of the Liens and security interests created and arising under such Loan Document shall remain in full force and effect on a continuous basis, and the perfected status and priority of each such Lien and security interest continues in full force and effect on a continuous basis, unimpaired, uninterrupted and undischarged, after giving effect to this Amendment, as collateral security for its obligations, liabilities and indebtedness under the Credit Agreement.
(b) Except as specifically provided herein, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.
(c) The Borrower and the other parties hereto acknowledge and agree that this Amendment shall constitute a Loan Document.
Exhibit 10.1
SECTION 5. Expenses. The Borrower agrees to pay or reimburse the Administrative Agent for all of its reasonable out-of-pocket costs and expenses incurred in connection with this Amendment and any other documents prepared in connection herewith, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent.
SECTION 6. Representations and Warranties. The Borrower hereby represents and warrants that on the date hereof (a) each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents is true and correct in all material respects (provided that if any representation or warranty is by its terms qualified by materiality, such representation is true and correct in all respects) on and as of the Amendment Effective Date as if made on and as of the Amendment Effective Date, except to the extent that any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty is true and correct on and as of such earlier date and (b) after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.
SECTION 7. FATCA. For purposes of determining withholding Taxes imposed under FATCA, from and after the Amendment Effective Date, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorizes the Administrative Agent to treat) the Credit Agreement (together with any loans or other extensions of credit pursuant thereto) as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulations Section 1.1471-2(b)(2)(i).
SECTION 8. GOVERNING LAW; WAIVER OF JURY TRIAL. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. EACH PARTY HERETO HEREBY AGREES AS SET FORTH IN SUBSECTION 10.12 OF THE CREDIT AGREEMENT AS IF SUCH SECTION WERE SET FORTH IN FULL HEREIN.
SECTION 9. Execution in Counterparts. This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.
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Exhibit 10.1
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective proper and duly authorized officers as of the day and year first above written.
XXXX CORPORATION
By:/s/ Xxxxx X. Burgess__________________________
Name: Xxxxx X. Xxxxxxx
Title: Vice President, Treasurer, and CDO
XXXX FINANCIAL SERVICES (NETHERLANDS) B.V.
By: /s/ Xxxxxxx McIloch_________________________
Name: Xxxxxxx McIloch
Title: Director
Exhibit 10.1
JPMORGAN CHASE BANK, N.A., as Administrative Agent and as a Lender
By: /s/ Xxxxxx X. Bryant_________________________
Name: Xxxxxx X. Xxxxxx
Title: Executive Director
Exhibit 10.1
BANK OF AMERICA, N.A., as a Lender
By: /s/ Xxxxx Lukehart__________________________
Name: Xxxxx Xxxxxxxx
Title: Director
The Bank of East Asia, Limited, New York Branch
By: /s/ Kitty Sin______________________________
Name: Kitty Sin
Title: SVP
By: /s/ Xxxxx Leung___________________________
Name: Xxxxx Xxxxx
Title: SVP & COO
The Bank of Tokyo Mitsubishi UFJ, Ltd.
By: /s/ Xxxxxx Danielson________________________
Name: Xxxxxx Xxxxxxxxx
Title: Authorized Signatory
BARCLAYS BANK PLC
By: /s/ Xxxxxxxxxxx X. Lee________________________
Name: Xxxxxxxxxxx X. Xxx
Title: Vice President
Exhibit 10.1
BNP Paribas
By: /s/ Xxxxx Tannous_________________________
Name: Xxxxx Xxxxxxx
Title: Managing Director
By: /s/ Xxxx Grossnickle_________________________
Name: Xxxx Xxxxxxxxxx
Title: Vice President
CITIBANK, N.A.
By: /s/ Xxxxx Terner____________________________
Name: Xxxxx Xxxxxx
Title: Vice President
Citizens Bank, N.A.
By: /s/ Xxxxxxx X. Maenhout______________________
Name: Xxxxxxx X. Xxxxxxxx
Title: Senior Vice President
COMMERZBANK AG, NEW YORK BRANCH, as Lender
By: /s/ Xxxxxxx Hartweger_________________________
Name: Xxxxxxx Xxxxxxxxx
Title: Managing Director
By: /s/ Xxxxxx Finn______________________________
Name: Xxxxxx Xxxx
Title: Vice President
Exhibit 10.1
COMPASS BANK
By: /s/ Rajah Nambiar___________________________
Name: Xxx Xxxxxxx
Title: Vice President
DZ BANK AG
Deutsche Zentral-Genossenschaftsbank
New York Branch
By: /s/ Xxxx Fitzpatrick___________________________
Name: Xxxx Xxxxxxxxxxx
Title: Senior Vice President
By: /s/ Xxxxxxxxxxx Beyer_________________________
Name: Xxxxxxxxxxx Xxxxx
Title: Assistant Vice President
Fifth Third
By: /s/ Yael Eisenberg___________________________
Name: Xxxx Xxxxxxxxx
Title: Assistant Vice President
FirstMerit Bank, N.A., as Lender
By: /s/ Xxxxx X. Bierlein_________________________
Name: Xxxxx X. Xxxxxxxx
Title: Senior Vice President
HSBC BANK USA, NATIONAL ASSOCIATION
By: /s/ Xxxxxxx X. Duval_________________________
Name: Xxxxxxx X. Xxxxx
Title: Senior Vice President
Exhibit 10.1
THE HUNTINGTON NATIONAL BANK
By: /s/ Xxx Swanson____________________________
Name: Xxx Xxxxxxx
Title: Assistant Vice President
LLOYDS BANK plc
By: /s/ Xxxx Donahy_____________________________
Name: Xxxx Xxxxxx
Title: Assistant Vice President
Transaction Execution
Category A
D008
By: /s/ Daven Popet_____________________________
Name: Xxxxx Xxxxx
Title: Senior Vice President
Transaction Execution
Category A
P003
The Northern Trust Company, as a Lender
By: /s/ Xxxxxx Ryan____________________________
Name: Xxxxxx Xxxx
Title: Senior Vice President
PNC BANK, NATIONAL ASSOCIATION
By: /s/ Xxxxx X. Kowalski________________________
Name: Xxxxx X. Xxxxxxxx
Title: Senior Vice President
Exhibit 10.1
RB International Finance (USA) LLC
By: /s/ Xxxx X. Valiska__________________________
Name: Xxxx X. Xxxxxxx
Title: First Vice President
By: /s/ Astrid Wilke____________________________
Name: Xxxxxx Xxxxx
Title: Group Vice President
ROYAL BANK OF CANADA, as a Lender
By: /s/ Xxxxxx X. Herko_________________________
Name: Xxxxxx X. Xxxxx
Title: Authorized Signatory
Sumitomo Mitsui Banking Corporation
By: /s/ Xxxxx X. Weinstein________________________
Name: Xxxxx X. Xxxxxxxxx
Title: Managing Director
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Xxxxxxx X. Johnson_________________________
Name: Xxxxxxx X. Xxxxxxx
Title: Senior Vice President
Exhibit 10.1
UniCredit Bank AG, New York Branch, as a Lender
By: /s/ Xxxxx Daugarietis__________________________
Name: Xxxxx Daugarietis
Title: Associate Director
By: /s/ Xxxxxxx Riahi___________________________
Name: Xxxxxxx Xxxxx
Title: Managing Director
