Exhibit 10.1
AMENDMENT NO. 1 TO CREDIT AGREEMENT
THIS AMENDMENT NO.
1 TO CREDIT AGREEMENT (the “Amendment”) is dated as of
May 27, 2005, by and between SS&C TECHNOLOGIES, INC., a
Delaware corporation (the “Borrower”) and FLEET
NATIONAL BANK, a Bank of America company (the
“Lender”).
This Amendment
amends that certain Credit Agreement, dated as of April 13,
2005, between the Borrower and Lender (the “Credit
Agreement”). Capitalized terms used herein without definition
are used with the meanings given them in the Credit
Agreement.
WHEREAS, Borrower
desires to amend the Credit Agreement to extend the date for
mandatory reduction of the Lender’s commitment to extend
loans to Borrower from $75,000,000 to $50,000,000 from forty-five
days following the Closing Date to August 31, 2005.
WHEREAS, the
Lender has agreed to such modifications on the terms and conditions
set forth below.
NOW
THEREFORE, in consideration of the foregoing and for good and
valuable consideration, the parties hereby consent and agree as
follows:
1.
Amendments . Section 1.01 of the Credit Agreement is
hereby amended by deleting the definition of “Reduction
Date” in its entirety and inserting the following in its
place:
“Reduction
Date” means August 31, 2005.
2.
Representations and Warranties . All representations,
warranties and covenants contained in, and schedules and exhibits
attached to the Credit Agreement are true and correct on and as of
the date hereof,
