Amendment No. 9
To
Fifth Amended And
Restated Revolving Loan And Letter Of Credit
Agreement
This Amendment No. 9 (this
“Amendment”) is entered into as of December 15,
2006, among: the two entities included among the Borrower as listed
on Exhibit A attached hereto (individually, and
collectively, jointly and severally, the “Borrower”);
the several entities included among the Guarantors as listed on
Exhibit A attached hereto (each, individually, a
“Guarantor,” and collectively, jointly and severally,
the “Guarantors”); the several entities included among
the Banks as listed on Exhibit A attached hereto (each,
individually, a “Bank” and collectively, but not
jointly, the “Banks”); and Bank of America, N.A.
(“Bank of America”), as agent for the Banks (in such
capacity, the “Agent”).
RECITALS
Reference is made to the following
facts that constitute the background of this Amendment:
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A.
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The parties hereto have entered into that
certain Fifth Amended and Restated Revolving Loan and Letter of
Credit Agreement dated as of November 4, 2005 (as amended
and/or restated from time to time, the “Loan
Agreement”). Capitalized terms used herein and not otherwise
defined herein shall have the same meanings herein as ascribed to
them in the Loan Agreement;
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B.
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The Borrower and the Guarantors have requested
that, for a period of ninety (90) days from the date hereof
through 5:00 p.m. EST on March 14, 2007 (the “Increase
Period”), the Maximum Amount be increased by $25,000,000.00
(the “Increase Amount”) to $165,000,000.00.
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C.
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The Agent and the Banks are willing to amend
the Agreement to accommodate such request solely upon the terms and
conditions set forth in this Amendment.
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NOW, THEREFORE, in consideration of
the foregoing recitals and of the representations, warranties,
covenants and conditions set forth herein and in the Loan
Agreement, and for other valuable consideration the receipt and
adequacy of which is hereby acknowledged, the parties agree as
follows:
Section 1 . Increase
in Maximum Amount . Solely during the Increase Period, the
definition of “Maximum Amount” in Section 1.1 of
the Loan Agreement is hereby amended to mean One Hundred Sixty-Five
Million and 00/100 Dollars ($165,000,000.00). During the Increase
Period, all references to the term “Maximum Amount” in
the Credit Documents shall mean such term as amended hereby,
including, without limitation, as referenced in the sublimits set
forth in Section 2.11 of the Loan Agreement. The parties
hereto acknowledge and agree that the Commitments of Bank of
America, Citicorp and Comerica (the “Participating
Banks”) shall increase during the Increase Period and the
Commitments of the other Banks shall not change. Accordingly,
Section IV of Schedule A to the Loan Agreement,
which sets forth the Commitment and Commitment Percentage of each
Bank, is hereby amended by deleting it in its entirety and
substituting Section IV of Schedule A attached to
this Amendment in its stead. Upon expiration of the Increase
Period, Section IV of Schedule A to the Loan
Agreement as it existed immediately prior to the date of this
Amendment shall be in full force and effect.
Section 2 .
Representations and Warranties . The Borrower and
Guarantors, jointly and severally, represent and warrant to the
Banks as of the effective date of this Amendment that, assuming the
due execution and delivery of this Amendment: (a) no Default
or Event of Default is in existence, from and after, or will result
from, the execution and delivery of this Amendment or the
consummation of any transactions contemplated hereby; (b) each
of the representations and warranties of the Borrower and the
Guarantors in the Loan Agreement and the other Credit Documents is
true and correct in all material respects on the effective date of
this Amendment (except for representations and warranties limited
as to time or with respect to a specific event, which
representations and warranties shall continue to be limited to such
time or event) and (c) this Amendment and the Loan Agreement
(as amended by this Amendment) are legal, valid and binding
agreements of the Borrower and the Guarantors and are enforceable
against them in accordance with their terms.
Section 3 .
Ratification . Except as hereby amended, the Loan Agreement,
all other Credit Documents and each provision thereof are hereby
ratified and confirmed in every respect and shall continue in full
force and effect, and this Amendment shall not be, and shall not be
deemed to be, a waiver of any Default or Event of Default or of any
covenant, term or provision of the Loan Agreement or the other
Credit Documents. In furtherance of the foregoing ratification, by
executing this Amendment in the spaces provided below, each of the
Guarantors, on a joint and several basis, hereby absolutely and
unconditionally (a) reaffirms its obligations under the
Guaranty, and (b) absolutely and unconditionally consents to
(i) the execution and delivery by the Borrower of this
Amendment, (ii) the continued implementation and consummation
of arrangements and transactions contemplated by the Loan Agreement
(including, without limitation, as amended hereby) and the other
Credit Documents, and (iii) the performance and observance by
the Borrower and each Guarantor of all of its respective
agreements, covenants, duties and obligations under the Loan
Agreement (including, without limitation, as amended hereby) and
the other Credit Documents.
Section 4 . Conditions
Precedent . The agreements set forth in this Amendment are
conditional and this Amendment shall not be effective until
(i) receipt by the Agent of a fully-executed counterpart
original of this Amendment and (ii) receipt by the
Participating Banks of fully-executed original allonges to the
Credit Notes in their favor in the form attached hereto as
Exhibit B .
Section 5 .
Counterparts . This Amendment may be executed and delivered
in any number of counterparts with the same effect as if the
signatures on each counterpart were upon the same instrument.
Section 6 . Amendment
as Credit Document . Each party hereto agrees and acknowledges
that this Amendment constitutes a “Credit Document”
under and as defined in the Loan Agreement.
SECTION 7 . GOVERNING
LAW . THIS AMENDMENT SHALL BE DEEMED TO CONSTITUTE A CONTRACT
MADE UNDER THE LAWS OF THE STATE OF NEW Y