|
Attention:
|
Xxxxx X. Xxxxxxxx, Vice President, Chief
Financial Officer and Treasurer
and Xxxxxx Xxxxxxx, Assistant Treasurer
|
|
|
Re:
|
Loan Agreement dated as of September 28, 1999 by and between Xxxxxxx, Inc. a Delaware corporation ("Borrower") and Fleet National Bank as Agent (the "Agent") for itself and the other Banks party thereto and such Banks (the "Agreement")
Ladies and Gentlemen:
The Borrower has requested the Agent and the Banks to consent to application of a permanent reduction of the 4-Year Commitment (which will also constitute a permanent reduction of the Commitment) in the manner described below.
Capitalized terms used herein and not expressly defined herein shall have the respective meanings assigned thereto in the Agreement.
Subsequent to the execution of the Agreement and prior to the date hereof, the Borrower executed a $50,000,000 private placement financing. The Borrower now desires to permanently reduce the 4-Year Commitment by $50,000,000 pursuant to Section
2.09 of the Agreement, but to apply (i) at least $45,000,000 of such reduction on a non-pro rata basis in Xxxxxxx'x discretion to the Pro Rata Shares of the 4-Year Commitment held by the five Banks currently holding the largest Pro Rata Shares of the
4-Year Commitment (the "Five Banks") and (ii) up to $5,000,000 of the $50,000,000 4-Year Commitment reduction in Xxxxxxx'x discretion to the Pro Rata Shares of the 4-Year Commitment held by any of the Banks on a non-pro rata basis; provided that after
giving effect to such reduction in the 4-Year Commitment none of the Five Banks' Pro Rata Shares of the 4-Year Commitment shall have been reduced by more than $15,000,000 and Fleet National Bank shall retain the largest Pro Rata Share of the 4-Year
Commitment. Xxxxxxx hereby requests the consent of the Banks and the Agent to such 4-Year Commitment permanent reduction which shall occur only upon the consents of the Banks and the Agent becoming effective.
Borrower's request for consent shall be deemed withdrawn unless the consent hereto of the Banks and the Agent shall have become effective by April 30, 2000 unless such date is extended by notice from the Borrower to the Agent.
The Agent and the Banks hereby consent to said permanent reduction of the 4-Year Commitment in this one instance and waive the provisions of Sections 2.09, 2.16 and 2.18 to the extent any of such Sections may be inconsistent
with said permanent reduction. The Agent, the Banks and the Borrower hereby confirm that future permanent reductions in the Commitment pursuant to Section 2.09 of the Agreement may be applied by the Borrower toward a reduction in the 4-Year Commitment and/or 364-Day Commitment as Borrower determines, so long as any such reduction is applied on a pro rata basis to the Pro Rata Shares of the
Commitment being reduced.
The Borrower, the Agent and the Banks hereby agree that immediately after such permanent reduction of the 4-Year Commitment Exhibit K to the Loan Agreement shall thereupon be deemed amended to accurately reflect the Pro Rata Shares of the
Banks after giving effect to said permanent reduction of the 4-Year Commitment.
The Borrower represents that no Default or Event of Default exists under the Agreement.
The amendment and consent contained herein are limited to the voluntary permanent reduction of the 4-Year Commitment described above only and are not nor shall they be construed as an amendment and/or consent with respect to any other reduction of
the Commitment.
Except to the extent of the above-referenced amendment and consent, each of the above-referenced provisions in the Agreement shall remain in full force and effect.
The signatures below on behalf of each of the Borrower, the Agent and each Bank establishes said party's consent to and agreement with the foregoing.
|
|
FLEET NATIONAL BANK, as Agent and a Lender
By: /s/ Xxxx X. X'Xxxxxxxx
Name: Xxxx X. X'Xxxxxxxx
Title: Vice President
|
|
AGREED TO:
XXXXXXX, INC.
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Assistant Treasurer
|
|
LENDERS:
BANK OF AMERICA, N.A., as Bank and as Syndication Agent
By: /s/ Xxxxxx X. Xxxxxxx
Name: Xxxxxx X. Xxxxxxx
Title: Vice President
|
|
FIRST UNION NATIONAK BANK, as a Bank and as Documentation Agent
By: /s/ Xxxxx X. Xxxxx
Name: Xxxxx X. Xxxxx
Title: Senior Vice Pres.
|
|
WACHOVIA BANK, N.A., as a Bank and as a Senior Managing Agent
By: /s/ M. Xxxxxx Xxxx, III
Name: M. Xxxxxx Xxxx, III
Title: Senior Vice President
|
|
THE CHASE MANHATTAN BANK, as a Bank and as a Senior Managing Agent
By: /s/ Xxxxxxxx Xxxxxxx, Xx.
Name: Xxxxxxxx Xxxxxxx, Xx.
Title: Vice President
|
|
THE NORTHERN TRUST COMPANY., as a Bank
By: /s/ Xxxxx X. Xxxxxxxx
Name: Xxxxx X. Xxxxxxxx
Title: Vice President
|
|
THE GOVERNOR & COMPANY OF THE BANK OF IRELAND, as a Bank
By: /s/ Xxxx X'Xxxxxxx
Name: Xxxx X'Xxxxxxx
Title: Executive
|
|
MELLON BANK, N.A., as a Bank
By: /s/ Xxxxxxx X. Xxxxxx, Xx.
Name: Xxxxxxx X. Xxxxxx, Xx.
Title: Vice President
|
|
BANCA MONTE DEI PASCHI DI SIENA S.P.A., as a Bank
By: /s/ G. Nataliechi Xxxxxxx X. Xxxxxxx
Name: G. Nataliechi Xxxxxxx X. Xxxxxxx
Title: S.V.P. & Vice President
General Manager
|
|
XXXXXX GUARANTY TRUST COMPANY OF NEW YORK, as a Bank
By: /s/ R. Xxxxx Xxxxx
Name: R. Xxxxx Xxxxx
Title: Vice President
|
|
THE BANK OF NOVA SCOTIA, as a Bank
By: /s/ X.X. Xxxxx
Name: X.X. Xxxxx
Title: Managing Director
|
|
KBC BANK N.V., as a Bank
By: /s/ Xxxxxx X. Xxxxxx, Xx.
Name: Xxxxxx X. Xxxxxx, Xx.
Title: Vice President
|
|
HIBERNIA NATIONAL BANK, as a Bank
By: /s/ Xxxxx X. Xxxxxxx
Name: Xxxxx X. Xxxxxxx
Title: Assistant Vice President
|
EXHIBIT K
PRO RATA SHARES
|
Name of Bank, Address for Notices
and Instructions for Wire Transfers
|
Pro Rata Share
|
Fleet National Bank
000 Xxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Attention: Xxxx X. X'Xxxxxxxx
Vice President
Telephone: (000) 000-0000
Telecopy: (000) 000-0000
E-mail: xxxx_x_x'xxxxxxxx@xxxxx.xxx
|
Loans and
Commitment
18.00%
|
364-Day Loan
and 364-Day
Commitment
12.00%
|
4-Year Loan and
4-Year
Commitment
20.0000000000%
|
Wire Transfer Instructions:
Fleet National Bank
Boston, Massachusetts
ABA #000000000 (FNB-MA)
Account: Commercial Loan Services
Attn: Agent Bank MA
Account #: 0000000 G/L
Re: Xxxxxxx, Inc.
|
*******************
|
Name of LENDER, address for notices
and Instructions for Wire Transfers
|
Pro Rata Share
|
For Credit Matters:
Wachovia Bank, N.A.
000 X. 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Attention: Xxxx Xxx Xxxxxxx,
Senior Vice President
Telephone: (000) 000-0000
Telecopy: (000) 000-0000
E-mail:xxxx xxxx.xxxxxxx@xxxxxxxx.xxx
|
Loans and
Commitment
10.00%
|
364-Day Loan
and 364-Day
Commitment
11.1111112000%
|
4-Year Loan and
4-Year
Commitment
9.4949494545%
|
For Administrative/Operations Matters:
Wachovia Bank, N.A.
000 Xxxxxxxxx Xxxxxx, XX
28th Floor, MC370
Xxxxxxx, XX 00000
Attn: Xxxxx X. Xxxxxxx
Tel: (000) 000-0000
Fax: (000) 000-0000
Wire Transfer Instructions:
Wachovia Bank, N.A.
ABA #: 000000000
Account Name: FW Money Transfer Suspense
Attn: Complex Unit
Re: Xxxxxxx, Inc.
|
*******************
|
Name of LENDER, address for notices
and Instructions for Wire Transfers
|
Pro Rata Share
|
For Credit Matters:
KBC Bank N.V.
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxxx Xxxxxx, Vice President
Xxxxx Xxxxxx, Assistant Vice
President
Telephone: (000) 000-0000/0712
Telecopy: (000) 000-0000
E-mail: xxxxxx.xxxxxx@xx.xx
xxxxx.xxxxxx@xx.xx
|
Loans and
Commitment
2.50%
|
364-Day Loan
and 364-Day
Commitment
2.0000000000%
|
4-Year Loan and
4-Year
Commitment
2.0000000000%
|
For Administrative/Operations Matters:
KBC Bank N.V.
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxxxxx Xxxxxxxxxxx/Xxxxxx Pacific
Tel: (000) 000-0000/0671
Fax: (000) 000-0000
Wire Transfer Instructions:
KBC Bank N.V.
ABA #: 000-000-000
Account Name: KBC New York
Attn: Loan Administration
Re: Xxxxxxx, Inc.
|
*******************
|
Name of LENDER, address for notices
and Instructions for Wire Transfers
|
Pro Rata Share
|
For Credit Matters:
First Union National Bank
000 Xxxxx Xxxx, XX0000
Xxxxxx, XX 00000
Attn: Xxxxx Xxxx, Senior Vice
President
Tel: (000) 000-0000
Fax: (000) 000-0000
E-mail: xxxxx.xxxx@firstunion,com
|
Loans and
Commitment
15.00%
|
364-Day Loan
and 364-Day
Commitment
16.0000000000%
|
4-Year Loan and
4-Year
Commitment
14.2424243636%
|
For Administrative/Operations Matters:
First Union National Bank
000 Xxxxx Xxxx, XX0000
Xxxxxx, XX 00000
Attn: Xxxxx Xxxxxx
Tel: (000) 000-0000
Fax: (000) 000-0000
Wire Transfer Instructions:
First Union National Bank
Jacksonville, FL
Fed Wire #: 000000000
Chips #: 0509
Tax I.D. #: 22 114 7033
ABA #: 000000000
Account #: 145916-2008
Attn: Xxxxx Xxxxx
Re: Xxxxxxx, Inc.
Obligor #: 0000000000
|
*******************
|
Name of LENDER, address for notices
and Instructions for Wire Transfers
|
Pro Rata Share
|
For Credit Matters:
The Bank of Nova Scotia
Xxx Xxxxxxx Xxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxx Xxxxx, Senior
Relationship Manager
Tel: (000) 000-0000
Fax: (000) 000-0000
E-mail: xxxxxx@xxxxxxxxxx.xxx
|
Loans and
Commitment
3.75%
|
364-Day Loan
and 364-Day
Commitment
3.3333336000%
|
4-Year Loan and
4-Year
Commitment
3.9393938182%
|
For Administrative/Operations Matters:
The Bank of Nova Scotia
Xxx Xxxxxxx Xxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxx Xxxxxxxx,
Senior Loan Admin. Officer
Tel: (000) 000-0000
Fax: (000) 000-0000
Wire Transfer Instructions:
The Bank of Nova Scotia
ABA #: 026-002532
Account Name: Loan Accounting
Attn: Xxxxxx Xxxxxxx
Re: Xxxxxxx, Inc.
|
*******************
|
Name of LENDER, address for notices
and Instructions for Wire Transfers
|
Pro Rata Share
|
For Credit Matters:
Xxxxxx Guaranty Trust
Company of New York
XX Xxxxxx Securities, Inc.
00 Xxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000-0000
Attn: Xxxxxx Xxxxxxx, Associate
Tel: (000) 000-0000
Fax: (000) 000-0000
E-mail: xxxxxxx_xxxxxx@xxxxxxxx.xxx
|
Loans and
Commitment
6.25%
|
364-Day Loan
and 364-Day
Commitment
5.5555552000%
|
4-Year Loan and
4-Year
Commitment
6.0000000000%
|
For Administrative/Operations Matters:
Xxxxxx Guaranty Trust
Company of New York
c/o X.X. Xxxxxx Services, Inc.
000 Xxxxxxx Xxxxxxxxxx Xxxx
Xxxxxx, XX 00000
Attn: Xxxxxxx Xxxxxxx,
Associate Credit Administrator
Tel: (000) 000-0000
Fax: (000) 000-0000
Wire Transfer Instructions:
Xxxxxx Guarauty Trust
Company of New York
New York, NY
ABA #: 000000000
Account Name: Loan Department
A/C #000-00-000
Attn: Corporate Processing - Mod 23
Re: Xxxxxxx, Inc.
|
*******************
|
Name of LENDER, address for notices
and Instructions for Wire Transfers
|
Pro Rata Share
|
For Credit Matters:
Bank of America, N.A.
000 Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxxx X. Xxxxxxx, Vice
President
Tel: (000) 000-0000
Fax: (000) 000-0000
E-mail: xxxxxx.x.xxxxxxx@xxxxxxxxxxx.xxx
|
Loans and
Commitment
16.25%
|
364-Day Loan
and 364-Day
Commitment
16.0000000000%
|
4-Year Loan and
4-Year
Commitment
16.0606061818%
|
For Administrative/Operations Matters:
Bank of America, N.A.
000 X. Xxxxx Xxxxxx
XX0-000-00-00
Xxxxxxxxx, XX 00000
Attn: Xxxxxx Xxxxxxx, CSR
Tel: (000) 000-0000
Fax: (000) 000-0000
Wire Transfer Instructions:
Bank of America, N.A.
ABA #: 000000000
Attn: Xxxxxx Xxxxxxx
Re: Xxxxxxx, Inc.
|
*******************
|
Name of LENDER, address for notices
and Instructions for Wire Transfers
|
Pro Rata Share
|
For Credit Matters:
The Northern Trust Company
00 X. XxXxxxx, 00xx Xxxxx
Xxxxxxx, XX 00000
Attn: Xxxxx X. Xxxxxxxx
Tel: (000) 000-0000
Fax: (000) 000-0000
E-mail: Xxxxx_Xxxxxxxx@xxxxx.xxxx.xxx
|
Loans and
Commitment
3.75%
|
364-Day Loan
and 364-Day
Commitment
3.3333336000%
|
4-Year Loan and
4-Year
Commitment
3.9393938182%
|
For Administrative/Operations Matters:
The Northern Trust Company
00 X. XxXxxxx, 00xx Xxxxx
Xxxxxxx, XX 00000
Attn: Ms. Xxxxx Honda
Tel: (000) 000-0000
Fax: (000) 000-0000
Wire Transfer Instructions:
The Northern Trust Bank
ABA #: 000000000
Comm. Loan Account #: 5186401000
Credit to: Commercial Loan Dept.
Re: Xxxxxxx
|
*******************
|
Name of LENDER, address for notices
and Instructions for Wire Transfers
|
Pro Rata Share
|
For Credit Matters:
The Governor & Company of the Bank
of Ireland
Corporate Xxxxxxx
Xxxx Xxxxxx
Xxxxx Xxxxxx Xxxxxx
Xxxxxx 0
XXXXXXX
Attn: Xxxxx Xxxxxxxxxxx
Tel: 000-000-0-0000000
Fax: 000-000-0-0000000
E-mail: xxxxx.xxxxxxxxxxx@xxx.xx
|
Loans and
Commitment
5.00%
|
364-Day Loan
and 364-Day
Commitment
4.4444448000%
|
4-Year Loan and
4-Year
Commitment
5.2525250909%
|
For Administrative/Operations Matters:
Bank of Ireland Corporate Banking
Loan Xxxxxxxxxxxxxx
Xxxx Xxxxx, Xxxxxxxx Xxxx, Xxxxxxxxxxx
Xxxxxx 0
XXXXXXX
Attn: Xxxxxx Xxxxxx/Xxxxxx Xxxxxxx
Tel: 000-000-0-0000000
Fax: 000-000-0-0000000/75
Wire Transfer Instructions:
The Chase Manhattan Bank
New York
ABA #: 000000000
Further Credit: Bank of Ireland
Group Treasury
Attn: Xxxxxx Xxxxxxx
Re: Xxxxxxx, Inc.
Account #: 0011015815
Swift Code: XXXXXX00
|
*******************
|
Name of LENDER, address for notices
and Instructions for Wire Transfers
|
Pro Rata Share
|
For Credit Matters:
Mellon Bank, N.A.
0000 Xxxxxx Xxxxxx, 0xx Xxxxx
Xxxxxxxxxxxx, XX 00000
Attn: Xxxxxxx X. Xxxxxx, Xx.,
Vice President
Tel: (000) 000-0000
Fax: (000) 000-0000
|
Loans and
Commitment
3.75%
|
364-Day Loan
and 364-Day
Commitment
3.3333336000%
|
4-Year Loan and
4-Year
Commitment
3.9393938182%
|
For Administrative/Operations Matters:
Mellon Bank, N.A.
0 Xxxxxx Xxxx Xxxxxx, 00xx Xxxxx
Xxxxxxxxxx, XX 00000
Attn: Xxxxxxxx Xxxxxxxx
Tel: (000) 000-0000
Fax: (000) 000-0000
Wire Transfer Instructions:
Fed Wire #: 990873800
Mellon Bank, N.A.
ABA #: 000-000-000
Re: Xxxxxxx, Inc.
Attn: Xxxxxxxx Xxxxxxxx
|
*******************
|
Name of LENDER, address for notices
and Instructions for Wire Transfers
|
Pro Rata Share
|
For Credit Matters:
Banca Monte dei Paschi di Siena S.p.A.
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, XX 00000
Attn: Xxxx Xxxxxxx, Vice President
Tel: (000) 000-0000
Fax: (000) 000-0000
E-mail: mpsnyb@compuserve,com
|
Loans and
Commitment
2.50%
|
364-Day Loan
and 364-Day
Commitment
2.0000000000%
|
4-Year Loan and
4-Year
Commitment
2.0000000000%
|
For Administrative/Operations Matters:
Banca Monte dei Paschi di Siena S.p.A.
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, XX 00000
Attn: Xxx Xxx
Tel: (000) 000-0000
Fax: (000) 000-0000
Wire Transfer Instructions:
The Chase Manhattan Bank
ABA #: 000000000
Further Credit: Banca Monte dei
Paschi di Siena S.p.A.
Account #: 000-0-00000
Re: Xxxxxxx
|
*******************
|
Name of LENDER, address for notices
and Instructions for Wire Transfers
|
Pro Rata Share
|
For Credit Matters:
The Chase Manhattan Bank
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxxxxx Xxxxxxx,
Vice President
Tel: (000) 000-0000
Fax: (000) 000-0000
E-mail: xxxxxxxx.xxxxxxx@chase,com
|
Loans and
Commitment
10.75%
|
364-Day Loan
and 364-Day
Commitment
11.1111112000%
|
4-Year Loan and
4-Year
Commitment
10.5858585455%
|
For Administrative/Operations Matters:
The Chase Manhattan Bank
1 Chase Xxxxxxxxx Xxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxx Xxxxxxxx
Tel: (000) 000-0000
Fax: (000) 000-0000
For Bid Loans:
The Chase Manhattan Bank
000 Xxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxx Xxxxxxxx
Tel: (000) 000-0000
Fax: (000) 000-0000
Wire Transfer Instructions:
The Chase Manhattan Bank
ABA #: 000000000
Attn: Xxxxx Xxxxx
Re: Xxxxxxx, Inc.
|
*******************
|
Name of LENDER, address for notices
and Instructions for Wire Transfers
|
Pro Rata Share
|
For Credit Matters:
Hibernia National Bank
000 Xxxxxxxxxx Xxxxxx
Xxx Xxxxxxx, XX 00000
Attn: Xxxxx Xxxxxxx,
Assistant Vice President
Tel: (000) 000-0000
Fax: (000) 000-0000
E-mail: nmoragas@hiberniabank,com
|
Loans and
Commitment
2.50%
|
364-Day Loan
and 364-Day
Commitment
8.00%
|
4-Year Loan and
4-Year
Commitment
0%
|
For Administrative/Operations Matters:
Hibernia National Bank
000 Xxxxxxxxxx Xxxxxx
Xxx Xxxxxxx, XX 00000
Attn: Xxxxxx Xxx,
Assistant Account Representative
Tel: (000) 000-0000
Fax: (000) 000-0000
Wire Transfer Instructions:
Hibernia National Bank
New Orleans, LA
ABA: 000-000-000
Further Credit: Energy/Maritime
Wire No. 0600-36615
Attn: Xxxxxx Xxx
Re: Xxxxxxx, Inc.
|
*******************
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
