AMENDMENT NO. 1 to the BRIDGE LOAN AGREEMENTBridge Loan Agreement |
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ALION SCIENCE AND TECHNOLOGY CORPORATION | HUMAN FACTORS APPLICATIONS, INC | ALION-METI CORPORATION | WASHINGTON CONSULTING, INC. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Exhibit 10.80
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AMENDMENT
NO. 1 dated as of December 11, 2006 (this “Amendment”),
related to the BRIDGE LOAN AGREEMENT dated as of June 30, 2006 (the
“Bridge Loan Agreement”), among ALION SCIENCE AND
TECHNOLOGY CORPORATION (the “Borrower”), the
Subsidiary Guarantors listed on the signature pages hereto, the lenders from
time to time party to the Bridge Loan Agreement (the “Lenders”)
and CREDIT SUISSE, as administrative agent (in such capacity, the “Administrative
Agent”). |
A. Pursuant
to the Bridge Loan Agreement, the Lenders have made loans to the Borrower.
B. The
Borrower and the Lenders have agreed to amend the Bridge Loan Agreement as set
forth herein.
Accordingly,
in consideration of the mutual agreements herein contained and other good and
valuable consideration, the sufficiency and receipt of which are hereby
acknowledged, the parties hereto agree as follows:
SECTION
1. Defined Terms; Interpretation; Etc. Capitalized terms used and
not defined herein shall have the meanings assigned to such terms in the Bridge
Loan Agreement. The rules of construction set forth in Section 1.02 of the
Bridge Loan Agreement shall apply equally to this Amendment. This Amendment
shall be a “Loan Document” for all purposes of the Bridge Loan
Agreement and the other Loan Documents.
SECTION
2. Amendments to Bridge Loan Agreement. Effective as of the
Amendment Effective Date (as defined below), the definition of the term
“Applicable Premium” set forth in Section 1.01 of the Bridge
Loan Agreement is hereby amended to read in its entirety as follows:
“Applicable
Premium” shall mean, with respect to any prepayment pursuant to
Section 2.09 or 2.10 or any payment of Extended Loans on the Final
Maturity Date, the applicable premium (expressed as a percentage of the
principal amount being prepaid) set forth below based on the date such
prepayment is made.
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Months after Closing Date |
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Percentage of Par |
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0-8 |
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0% |
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9-12 |
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1.00% |
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13
to Initial Maturity Date |
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2.00% |
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After
Initial Maturity Date to 30 |
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1.00% |
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31-42 |
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2.00% |
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Thereafter |
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3.00% |
SECTION
3. Representations and Warranties. To induce the other
parties hereto to enter into this Amendment, the Borrower represents and
warrants to the Administrative Agent and each of the Lenders that, as of the
Amendment Effective Date:
(a) This
Amendment has been duly authorized, executed and delivered by each Loan Party
party hereto, and constitutes a legal, valid and binding obligation of such
Loan Party in accordance with its terms. The Bridge Loan Agreement (as amended
hereby) constitutes a legal, valid and binding obligation of the Borrower in
accordance with its terms.
(b) The
representations and warranties set forth in Article III of the Bridge Loan
Agreement are true and correct in all material respects on and as of the
Amendment Effective Date with the same effect as though made on and as of the
Amendment Effective Date, except to the extent such representations and
warranties expressly relate to an earlier date (in which case such
representations and warranties were true and correct in all material respects
as of such earlier date).
(c) No
Default or Event of Default has occurred and is continuing.
SECTION
4. Effectiveness. This Amendment shall become effective as
of the date (the “Amendment Effective Date”) that the
Administrative Agent shall have received (a) counterparts of this
Amendment that, when taken together, bear the signatures of (i) the
Borrower, (ii) each Subsidiary Guarantor, (iii) the Administrative
Agent and (iv) the requisite Lenders and (b) for the account of each
Lender that executes and delivers a copy of this Amendment to the
Administrative Agent at or prior to 5:00 p.m., New York City time, on December 8,
2006, an amendment fee in an amount equal to 0.50% of the principal amount of
such Lender’s outstanding Loans, in each case as of the Amendment
Effective Date.
SECTION
5. Effect of Amendment. Except as expressly set forth
herein, this Amendment shall not by implication or otherwise limit, impair,
constitute a waiver of, or otherwise affect the rights and remedies of the
Lenders, the Administrative Agent or the Borrower under the Bridge Loan
Agreement or any other Loan Document, and shall not alter, modify, amend or in
any way affect any of the terms, conditions, obligations, covenants or
agreements contained in the Bridge Loan Agreement or any other Loan Document,
all of which are ratified and affirmed in all respects and shall continue in
full force and effect. Nothing herein shall be deemed to entitle any Loan Party
to a consent to, or a waiver, amendment, modification or other change of, any
of the terms, conditions, obligations, covenants or agreements contained in the
Bridge Loan Agreement or any other Loan Document in similar or different
circumstances. This Amendment shall apply and be effective only with respect to
the provisions of the Bridge Loan Agreement specifically referred to herein.
After the date hereof, any reference to the Bridge Loan Agreement shall mean
the Bridge Loan Agreement, as modified hereby.
SECTION
6. Consent and Reaffirmation. Each Subsidiary Guarantor hereby
consents to this Amendment and the transactions contemplated hereby, and each
Loan Party hereby (a) confirms its guarantee of the Obligations (with
respect to each Subsidiary Guarantor), as provided in the Loan Documents as
originally executed and (b) acknowledges that such guarantee continues in
full force and effect in respect of the Obligations under the Bridge Loan Agreement
(as amended hereby) and the other Loan Documents.
SECTION
7. Expenses. The Borrower agrees to reimburse the
Administrative Agent for all reasonable out-of-pocket expenses incurred in
connection with this Amendment in accordance with the Bridge Loan Agreement,
including the reasonable fees, charges and disbursements of counsel for the
Administrative Agent.
SECTION
8. Counterparts. This Amendment may be executed in any
number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed and delivered shall be deemed an
original, but all such counterparts together shall constitute but one and the
same contract. Delivery of an executed counterpart of a signature page of this
Amendment by facsimile or electronic transmission shall be as effective as
delivery of a manually executed counterpart hereof.
SECTION
9. Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
SECTION
10. Headings. The headings of this Amendment are for
purposes of reference only and shall not limit or otherwise affect the meaning
hereof.
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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







