Re: Waiver to the Credit Agreement dated as of June 24, 2011 (this “Waiver”)UTi WORLDWIDE INC • February 26th, 2014 • Arrangement of transportation of freight & cargo
Reference is made to the Credit Agreement dated as of June 24, 2011 among UTi Worldwide Inc., an international business company incorporated under the laws of the British Virgin Islands with IBC No. 141257 (the “Borrower”), each of the Subsidiary Guarantors party thereto, and Bank of the West, a California banking corporation (the “Lender”), as amended pursuant to that certain Amendment No. 1 to Credit Agreement dated as of June 5, 2013, that certain Amendment No. 2 to Credit Agreement dated as of September 5, 2013 and that certain Amendment No. 3 to Credit Agreement dated as of December 5, 2013 (the “Credit Agreement”).
Commerzbank AG, Breite Str. 25, 40213 Düsseldorf Mittelstand UTi Deutschland GmbH Christian Herget Jacqueline Olivier Postanschrift: Rather Str. 78-80 Breite Str. 25, 40213 Düsseldorf 40476 Düsseldorf Telefon 0211/827-2528 Fax 069 136-51902...UTi WORLDWIDE INC • February 26th, 2014 • Arrangement of transportation of freight & cargo
This waiver is subject to the conditions precedent that (i) a waiver in substantially the form provided herein will also be declared by the holders of the U.S.$ 150,000,000 4.10% Senior Unsecured Guaranteed Notes, Series A, due February 1, 2022 and the U.S.$ 50,000,000 3.50% Senior Unsecured Guaranteed Notes, Series B, due February 1, 2020 under the Note Purchase Agreement dated January 25, 2013 as the same is amended by First Amendment Agreement, the Second Amendment Agreement and the Third Amendment Agreement, a draft of which has been received by us, (ii) waivers in substantially the form provided herein will also be declared by Royal Bank of Scotland N.V. for its 2011 Facility, Nedbank for its 2011 Facility, and Bank of the West for its 2011 Facility. These Facilities are further described in the Global Credit Lines section in Note II of the Form 10-Q Report ended October 31, 2013 for UTi Worldwide Inc., (iii) said waivers have become effective. This waiver, furthermore, becomes nu
Nedbank Limited 1st Floor Old Mutual Place London, UK EC4V 4GGUTi WORLDWIDE INC • February 26th, 2014 • Arrangement of transportation of freight & cargo
Re: Waiver and Amendment to the Amended and Restated Letter of Credit and Cash Draw Agreement dated as of June 24, 2011 (this “Waiver”)
Re: Waiver and Amendment to the Amended and Restated Letter of Credit Agreement dated as of June 24, 2011 (this “Waiver”)UTi WORLDWIDE INC • February 26th, 2014 • Arrangement of transportation of freight & cargo
Reference is made to the Amended and Restated Letter of Credit Agreement dated as of June 24, 2011 among UTi Worldwide Inc., an international business company incorporated under the laws of the British Virgin Islands with IBC No. 141257 (the “Company”), each of the Subsidiary Guarantors party thereto, and The Royal Bank of Scotland plc (as assignee of The Royal Bank of Scotland N.V. pursuant to an assignment effective as of June 10, 2013, by and among The Royal Bank of Scotland N.V., as assignor, and The Royal Bank of Scotland plc, as assignee), in its capacity as Issuing Bank (the “Lender”), as amended pursuant to that certain First Amendment Agreement dated as of June 5, 2013, that certain Second Amendment Agreement dated as of September 5, 2013 and that certain Third Amendment Agreement dated as of December 5, 2013 (the “Existing Credit Agreement”). The Existing Credit Agreement, as amended hereby, is referred to herein as the Credit Agreement
Re: Waiver and Amendment to Note Purchase Agreement dated as of January 25, 2013 of UTi Worldwide Inc. (this “Waiver”)UTi WORLDWIDE INC • February 26th, 2014 • Arrangement of transportation of freight & cargo
Reference is made to the Note Purchase Agreement dated as of January 25, 2013 among UTi Worldwide Inc., an international business company incorporated under the laws of the British Virgin Islands with IBC No. 141257 (the “Company”), each of the Subsidiary Guarantors party thereto, and the Purchasers named in Schedule A thereto as amended pursuant to that certain First Amendment Agreement dated as of June 5, 2013, that certain Second Amendment Agreement dated as of September 5, 2013 and that certain Third Amendment Agreement dated as of December 5, 2013 (the “Existing Note Purchase Agreement”), pursuant to which U.S.$150,000,000 aggregate principal amount of its 4.10% Senior Unsecured Guaranteed Notes, Series A, due February 1, 2022 (the “Series A Notes”) and U.S.$50,000,000 aggregate principal amount of its 3.50% Senior Unsecured Guaranteed Notes, Series B, due February 1, 2020 (the “Series B Notes” and together with the “Series A Notes,” the “Notes”) were issued and are currently outs
