AMENDMENT NO. 1
AMENDMENT XX. 0
XXXXXXXXX XX. 0 dated as of May 4, 2007 between XXXXXX XXXXXXX LLC, XXXXXX XXXXXXX INC.,
XXXXXX XXXXXXX USA CORPORATION, XXXXXX XXXXXXX NORTH AMERICA CORP., XXXXXX XXXXXXX ENERGY
CORPORATION and XXXXXX XXXXXXX INTERNATIONAL CORPORATION (each a “Borrower” and,
collectively, the “Borrowers”), XXXXXX XXXXXXX LTD. (the “Parent”), XXXXXX XXXXXXX
HOLDINGS LTD. (“Holdco”), the “Subsidiary Guarantors” referred to on the signature pages
hereto (the “Subsidiary Guarantors”) and BNP PARIBAS, in its capacities as Administrative
Agent, pursuant to authority granted by each Lender pursuant to Section 11.02(b) of the Credit
Agreement referred to below, and as Issuing Lender.
The Borrowers, the Parent, Holdco, the Subsidiary Guarantors, the lenders party thereto, and
BNP Paribas, as Administrative Agent and Issuing Lender, are parties to a Credit Agreement dated as
of September 13, 2006 (as modified and supplemented and in effect from time to time, the
“Credit Agreement”), providing, subject to the terms and conditions thereof, for extensions
of credit (by means of loans and letters of credit) to be made by said lenders to the Borrower in
an aggregate principal or face amount not exceeding $350,000,000 (which, in the circumstances
provided therein, may be increased to $450,000,000).
The Borrowers, the Parent, Holdco, the Subsidiary Guarantors, the Administrative Agent
(pursuant to authority granted by, and having obtained the consent of each Lender party to the
Credit Agreement) and the Issuing Lender wish now to amend the Credit Agreement in certain
respects, and accordingly, the parties hereto hereby agree as follows:
Section 1. Definitions. Except as otherwise defined in this Amendment No. 1, terms
defined in the Credit Agreement are used herein as defined therein.
Section 2. Amendments. Subject to the satisfaction of the conditions precedent
specified in Section 4 below:
2.01. References Generally. References in the Credit Agreement (including references
to the Credit Agreement as amended hereby) to “this Agreement” (and indirect references such as
“hereunder”, “hereby”, “herein” and “hereof”) shall be deemed to be references to the Credit
Agreement as amended hereby.
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2.02. Definitions. Section 1.01 of the Credit Agreement shall be amended by adding
the following definitions in the appropriate alphabetical location:
“Amendment No. 1 Effective Date” means the date that the conditions precedent
to the effectiveness of the amendments to this Agreement contemplated by Amendment No. 1
hereto dated as of May 4, 2007 are satisfied or waived.
2.03. Increases of Facilities.
(a) The recitals of the Credit Agreement and the Security Agreement are hereby amended by
replacing each occurrence therein of “$450,000,000” with “$550,000,000”.
(b) Clause (ii) of Section 2.01(b) of the Credit Agreement is hereby amended to read as
follows:
“(ii) the aggregate principal amount of all Incremental Loan Commitments established
after the date hereof plus the aggregate principal amount of all Commitment
Increases obtained after the date hereof (excluding any Commitment Increases obtained on or
before the Amendment No. 1 Effective Date to the extent not exceeding $100,000,000 in the
aggregate) plus the aggregate principal amount of all Funding Amount Increases
obtained after the date hereof minus the aggregate principal amount of reductions
of the Synthetic LC Funding Amounts after the date hereof occurring on the date (and to the
extent not exceeding the amount) of each Incremental Loan Commitment established and each
Commitment Increase obtained shall not exceed $100,000,000”
(c) Section 2.08(e)(i)(B) of the Credit Agreement is hereby amended to read as follows:
“(B) the aggregate principal amount of all Incremental Loan Commitments established
after the date hereof plus the aggregate principal amount of all Commitment
Increases obtained after the date hereof (excluding any Commitment Increases obtained on or
before the Amendment No. 1 Effective Date to the extent not exceeding $100,000,000 in the
aggregate) plus the aggregate principal amount of all Funding Amount Increases
obtained after the date hereof minus the aggregate principal amount of reductions
of the Synthetic LC Funding Amounts after the date hereof occurring on the date (and to the
extent not exceeding the amount) of each Incremental Loan Commitment established and each
Commitment Increase obtained shall not exceed $100,000,000;”
(d) Section 3.08(e)(i)(B) of the Credit Agreement is hereby amended to read as follows:
“(B) the aggregate principal amount of all Incremental Loan Commitments established
after the date hereof plus the aggregate principal amount
Amendment No. 1
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of all Commitment Increases obtained after the date hereof (excluding any Commitment
Increases obtained on or before the Amendment No. 1 Effective Date to the extent not
exceeding $100,000,000 in the aggregate) plus the aggregate principal amount of all
Funding Amount Increases obtained after the date hereof minus the aggregate
principal amount of reductions of the Synthetic LC Funding Amounts after the date hereof
occurring on the date (and to the extent not exceeding the amount) of each Incremental Loan
Commitment established and each Commitment Increase obtained shall not exceed
$100,000,000;”
2.04. Facility Fees for Synthetic Letters of Credit. Section 3.11 of the Credit
Agreement is hereby amended by replacing “2.10%” with “1.60%”.
Section 3. Representations and Warranties. Each Obligor represents and warrants to
the Lenders and the Administrative Agent, as to itself and each of its Subsidiaries, that (a) the
representations and warranties set forth in Article V of the Credit Agreement, and in each of the
other Loan Documents, are true and correct in all material respects on the date hereof as if made
on and as of the date hereof (or, if any such representation or warranty is expressly stated to
have been made as of a specific date, such representation or warranty shall be true and correct as
of such specific date), and as if each reference in said Article V to “this Agreement” included
reference to this Amendment No. 1 and (b) no Default or Event of Default has occurred and is
continuing.
Section 4. Conditions Precedent. The amendments set forth in Section 2 hereof shall
become effective, as of the date hereof, upon satisfaction or waiver of the following conditions:
(a) Execution. The Administrative Agent shall have received counterparts of
this Amendment No. 1 executed by the Obligors and the Administrative Agent.
(b) Mortgage Amendment. The Administrative Agent shall have received
counterparts of an amendment to the mortgage covering the Perryville Fee-Owned Property
reasonably satisfactory to it in form and substance providing that the amount secured
thereby shall include (i) the sum of (A) the aggregate principal amount of all Incremental
Loan Commitments established after the Closing Date plus (B) the aggregate
principal amount of all Commitment Increases obtained after the Closing Date plus
(C) the aggregate principal amount of all Funding Amount Increases obtained after the
Closing Date minus (ii) the aggregate principal amount of reductions of the
Synthetic LC Funding Amounts after the Closing Date occurring on the date (and to the
extent not exceeding the amount) of each Incremental Loan Commitment established after
Closing Date and each Commitment Increase obtained after the Closing Date in an aggregate
amount up to $200,000,000.
(c) Supporting Documentation. The Administrative Agent shall have received
such corporate documents of the Borrowers, certified by their respective
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Secretaries or Assistant Secretaries, and such legal opinions from counsel to the
Obligors as it shall have reasonably requested.
(d) Other Items. The Administrative Agent shall have received such other
documents relating to this Amendment No. 1 and the transactions contemplated hereby as the
Administrative Agent shall have reasonably requested.
The Administrative Agent shall notify the Company and the Lenders of the date that this
Amendment No. 1 becomes effective, and such notice shall be conclusive and binding.
Section 5. Miscellaneous. Except as herein provided, the Credit Agreement shall
remain unchanged and in full force and effect. This Amendment No. 1 may be executed in any number
of counterparts, all of which taken together shall constitute one and the same amendatory
instrument and any of the parties hereto may execute this Amendment No. 1 by signing any such
counterpart. This Amendment No. 1 shall be governed by, and construed in accordance with, the law
of the State of New York.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to Credit Agreement to
be duly executed and delivered as of the day and year first above written.
BORROWERS
XXXXXX XXXXXXX LLC |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Vice President & Treasurer | |||
XXXXXX XXXXXXX USA CORPORATION |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
XXXXXX XXXXXXX ENERGY CORPORATION |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
XXXXXX XXXXXXX INC |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
XXXXXX XXXXXXX NORTH AMERICA CORP |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
XXXXXX XXXXXXX INTERNATIONAL CORPORATION |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Vice President & Treasurer | |||
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THE PARENT
XXXXXX XXXXXXX LTD. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Vice President, Corporate Development And Treasurer | |||
HOLDCO
XXXXXX XXXXXXX HOLDINGS LTD. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
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SUBSIDIARY GUARANTORS
XXXXXX XXXXXXX ASIA LIMITED |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Vice President & Treasurer | |||
XXXXXX XXXXXXX DEVELOPMENT CORPORATION |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
XXXXXX XXXXXXX ENERGY SERVICES, INC. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
XXXXXX XXXXXXX CONSTRUCTORS, INC. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
XXXXXX XXXXXXX ENERGY MANUFACTURING, INC. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
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XXXXXX XXXXXXX ENVIRONMENTAL CORPORATION |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
By: | /s/ Xxxx Xxxxxx | |||
Name: | Xxxx Xxxxxx | |||
Title: | President and Chief Executive Officer | |||
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XXXXXX XXXXXXX FACILITIES
MANAGEMENT, INC. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
XXXXXX XXXXXXX INTERNATIONAL HOLDINGS, INC. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
XXXXXX XXXXXXX PYROPOWER, INC. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
XXXXXX XXXXXXX INTERCONTINENTAL CORPORATION |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
XXXXXX XXXXXXX POWER SYSTEMS, INC. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
XXXXXX XXXXXXX REAL ESTATE DEVELOPMENT CORP. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | President & Treasurer | |||
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XXXXXX XXXXXXX REALTY SERVICES, INC. |
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By: | /s/ Xxxxxxx Xxxxxxxx | ||
Name: | Xxxxxxx Xxxxxxxx | ||
Title: | President & Treasurer | ||
XXXXXX XXXXXXX XXXX, INC. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
PYROPOWER OPERATING SERVICES COMPANY, INC. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
XXXXXX XXXXXXX VIRGIN ISLANDS, INC. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
PROCESS CONSULTANTS, INC. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
Amendment Xx. 0
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XX XXXXXXXX X&X LTD. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
PERRYVILLE SERVICE COMPANY LTD. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Treasurer | |||
FW MANAGEMENT OPERATIONS, LTD. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Vice President & Treasurer | |||
CONTINENTAL FINANCE COMPANY LTD. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Vice President & Treasurer | |||
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XXXXXX XXXXXXX POWER COMPANY LTD. LA SOCIETE D’ENERGIE XXXXXX XXXXXXX LTEE |
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By: | /s/ Xxxxxxx Xxxxxxx | |||
Name: | Xxxxxxx Xxxxxxx | |||
Title: | Chairman of the Board | |||
Amendment Xx. 0
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XXXXXX XXXXXXX XXXXXX LTD. |
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By: | /s/ Xxxxx X. Xxxx | |||
Name: | Xxxxx X. Xxxx | |||
Title: | President & Chief Operating Officer | |||
By: | /s/ Xxxxxx Xxxx | |||
Name: | Xxxxxx Xxxx | |||
Title: | Assistant Treasurer | |||
Amendment Xx. 0
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XXXXXX XXXXXXX XXXXXX LIMITED |
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By: | /s/ Laurent Dupagne | |||
Name: | Laurent Dupagne | |||
Title: | Director | |||
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XX XXXXXXX LICENSING LIMITED LIABILITY COMPANY |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Managing Director | |||
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FINANCIAL SERVICES S.A.R.L. |
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By: | /s/ Xxxxxx X. Xxxxxx | |||
Name: | Xxxxxx X. Xxxxxx | |||
Title: | Manager | |||
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XXXXXX XXXXXXX (XXXXXXXX) XXX. BHD. |
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By: | /s/ Xxxxx Xxxxxx Xxxxxxxxx | |||
Name: | Xxxxx Xxxxxx Xxxxxxxxx | |||
Title: | Director | |||
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XXXXXX XXXXXXX CONTINENTAL B.V. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Managing Director | |||
FW NETHERLANDS C.V. |
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By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Vice President & Treasurer of Xxxxxx Xxxxxxx, LLC General Partner | |||
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F.W. — GESTAO E SERVICOS, S.A. |
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By: | /s/ Xxxxx X. Xxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxx | |||
Title: | Director | |||
By: | /s/ Xxxxxx X. Xxxxxx | |||
Name: | Xxxxxx X. Xxxxxx | |||
Title: | Director | |||
Amendment No. 1
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XXXXXX XXXXXXX ASIA PACIFIC PTE. LTD. |
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By: | /s/ Xxxxxx Xxxxxxx | |||
Name: | Xxxxxx Xxxxxxx | |||
Title: | Managing Director | |||
Amendment Xx. 0
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X.X. XXXXXXXXXXX, INC. |
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By: | /s/ Xxx Xxx Fat | |||
Name: | Xxx Xxx Fat | |||
Title: | Director | |||
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MANOPS LIMITED |
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By: | /s/ Stella Herodoteu | |||
Name: | Stella Herodoteu | |||
Title: | Director | |||
By: | /s/ Charalambos Michaelidas | |||
Name: | Charalambos Michaelidas | |||
Title: | Director | |||
Amendment Xx. 0
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XXXXXX XXXXXXX XXXXXX CORPORATION, C.A. |
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By: | /s/ Xxxx-Xxxx Xxxxxxxxxxx | |||
Name: | Xxxx-Xxxx Xxxxxxxxxxx | |||
Title: | Director | |||
Amendment No. 1
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FW OVERSEAS OPERATIONS LIMITED |
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By: | /s/ Xxxxx X. Xxxxxxxxx | |||
Name: | Xxxxx X. Xxxxxxxxx | |||
Title: | Director | |||
Amendment No. 1
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ADMINISTRATIVE AGENT
BNP PARIBAS, as Administrative Agent | ||||
By: | /s/ Xxxxxx Xxxxxxx | |||
Name: | Xxxxxx Xxxxxxx | |||
Title: | Managing Director | |||
By: | /s/ Xxxx Xxxxx | |||
Name: | Xxxx Xxxxx | |||
Title: | Director | |||
Amendment
No. 1