EXHIBIT 10.62(d)
CONFIDENTIAL
TREATMENT
REQUESTED PURSUANT TO RULE
24b-2
Certain
portions of this exhibit have been omitted pursuant to a request
for confidential treatment under Rule 24b-2 of the Securities
Exchange Act of 1934. The omitted materials have been
filed separately with the Securities and Exchange
Commission.
AMENDMENT NO. 3 TO AMENDED AND
RESTATED CREDIT AGREEMENT
AMENDMENT NO. 3, dated as of June 2, 2009 (this
“ Amendment ”), to the Amended and Restated
Senior Secured Credit Agreement, dated as of September 3, 2008 (as
amended by Amendment No. 1 to Amended and Restated Credit
Agreement, dated as of October 28, 2008, and Amendment No. 2 to
Amended and Restated Credit Agreement, dated as of January 28,
2009, the “ Credit Agreement ”), among Midwest
Airlines, Inc. (the “ Borrower ”), Midwest Air
Group, Inc. (“ Parent ”), each of the
subsidiaries of the Borrower from time to time party thereto
(together with the Parent, the “ Guarantors ”),
each lender from time to time party thereto (the “
Lenders ”), Wells Fargo Bank Northwest, National
Association (“ Wells Fargo ”), as administrative
agent (in such capacity, the “ Administrative Agent
”) and Wells Fargo, as collateral agent (the “
Collateral Agent ”).
W I T N E S S E T H
:
WHEREAS, subject to the terms and conditions of
this Amendment, the parties hereto wish to amend the Credit
Agreement as provided herein.
NOW, THEREFORE, in consideration of the premises
and the agreements, provisions and covenants herein contained, the
parties hereto agree as follows:
SECTION
1.
Definitions . Unless otherwise defined herein,
terms defined in the Credit Agreement and used herein shall have
the meanings given to them in the Credit Agreement.
SECTION
2.
Amendment of the Credit Agreement . The Credit
Agreement is hereby amended as follows:
2.1.
Amendment to Schedules . The Credit Agreement is
hereby amended by (i) replacing Schedule 2.01 to the Credit
Agreement with Schedule 2.01 hereto and (ii) inserting
Schedule I hereto as a new Schedule V to the Credit
Agreement.
2.2.
Amendments to Article I .
(a) Section
1.01 of the Credit Agreement is hereby amended by amending and
restating the definition of “Term Loan” as
follows:
“ Term Loan ” means (x) the
Existing Term Loans and (y) any extension of credit by a Lender to
the Borrower pursuant to Section 2.01(a) , Section
2.01(c) or Section 2.01(e) .
(b) Section
1.01 of the Credit Agreement is hereby further amended by inserting
the following new definitions in appropriate alphabetical
order:
“ Additional Loan ” means any
extension of credit by a Lender to the Borrower pursuant to
Section 2.01(e) .
“ Additional Loan Advance Date
” has the meaning set forth in Section 4.03
hereof.
“ Additional Loan Commitment
” means, as to each Lender, its obligation to make Additional
Loans pursuant to Section 2.01(e) in an aggregate principal
amount at any one time outstanding not to exceed the amount set
forth opposite such Lender’s name on Schedule
2.01(e).
“ Additional Loan Notice ”
has the meaning set forth in Section 4.03 hereof.
“ Amendment No. 3 Effective Date
” has the meaning set forth in that certain Amendment No. 3
to Amended and Restated Credit Agreement dated as of June 2, 2009
by and among the Loan Parties, the Lenders, the Administrative
Agent and the Collateral Agent.
“ Permitted Payment ” means
each of the payments described and in the amounts set forth on
Schedule V hereto.
2.3.
Amendment to Article II . Article II of the
Credit Agreement is hereby amended by inserting the following new
Sections 2.01(e) and 2.01(f):
(e)
Borrowing of Additional Loans . Subject to the
terms and conditions hereof (including, without limitation, the
satisfaction of the conditions set forth in 4.03), each Lender
severally agrees to make Additional Loans to the Borrower on the
Amendment No. 3 Effective Date in an aggregate maximum amount not
to exceed such Lender’s Additional Loan
Commitment. Any amount advanced under this Section
2.01(e) and subsequently repaid or prepaid may not be
reborrowed. Each Lender’s Additional Loan
Commitment shall terminate immediately and without further action
upon the earlier of (i) the Maturity Date and (ii) the full funding
of such Lender’s Additional Loan Commitment.
(f)
Borrowing Mechanics of Additional Loans
. Borrower shall deliver to Administrative Agent a fully
executed Additional Loan Notice no later than 10:00 a.m. (New York
City time) on the date that is at least one (1) Business Day prior
to the Additional Loan Advance Date. Promptly upon
receipt by Administrative Agent of such Additional Loan Notice,
Administrative Agent shall notify each Lender of its Pro Rata Share
of the proposed Additional Loan. Each Lender shall,
subject to the continued satisfaction of the conditions set forth
in Section 4.03 , advance an amount equal to its Pro Rata
Share of such Additional Loan to the Special Controlled Account not
later than 3:00 p.m. (New York City time) on the Additional Loan
Advance Date.
2.4.
Amendment to Article IV . Article IV of the
Credit Agreement is hereby amended by adding the following new
Section 4.03:
4.03
Additional Loan Conditions . No Lender shall be
obligated to make any Additional Loan hereunder unless each of the
following conditions precedent is satisfied to the satisfaction of
each Lender making an Additional Loan:
(b) The
Borrower shall have delivered a notice (the “ Additional
Loan Notice ”) to the Administrative Agent in accordance
with Section 2.01(f) setting forth the proposed date for
such Additional Loan (the “ Additional Loan Advance
Date ”).
(c) The
Borrower shall have delivered to the Administrative Agent and each
Lender making an Additional Loan a certificate from a Responsible
Officer of the Borrower certifying that the conditions set forth in
this Section 4.03 shall have been satisfied (except as to
matters that require the approval or satisfaction of the
Administrative Agent, the Collateral Agent and/or the Lenders),
together with such evidence with respect thereto as the
Administrative Agent or any Lender making an Additional Loan may
request.
(d) The
representations and warranties of the Borrower and each other Loan
Party contained in Article V and each other Loan Document,
and which are contained in any document furnished at any time under
or in connection herewith or therewith, shall be true and correct
in all material respects on and as of the Additional Loan Advance
Date, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they shall be
true and correct in all material respects as of such earlier
date.
(e) No
Default shall exist or would result from the making of the
Additional Loans pursuant to Sections 2.01(e) and
2.01(f).
(f) No
event or circumstance shall have occurred since the Amendment and
Restatement Effective Date that, in the view of each of Lender
making an Additional Loan, in each of their sole discretion, has
resulted in a Material Adverse Effect that is continuing or that
would be reasonably expected to result in a Material Adverse
Effect.
*Confidential
2.5.
Amendments to Article VI .
(a) Article
VI of the Credit Agreement is hereby amended by amending and
restating Section 6.11 as follows:
6.11
Use of Proceeds . Use the proceeds of the Term
Loans to provide general working capital and to pay ordinary
operating costs and expense of the Loan Parties; provided
that , Additional Loans may only be used for the purpose of
making Permitted Payments.
(b) Article
VI of the Credit Agreement is hereby further amended by adding a
new Section 6.21 as follows:
2.6.
Amendment to Article VIII . Article VIII of the
Credit Agreement is hereby amended by deleting clauses “
First ” through “ Last ” in Section
8.03 thereof and inserting the following:
“ First , to payment of that
portion of the Secured Credit Obligations constituting fees,
indemnities, expenses and other amounts (including Attorney Costs)
payable to the Administrative Agent and the Collateral Agent in
their capacities as such;
Second , to payment of that portion of the Secured
Credit Obligations (excluding any Additional Loans) constituting
amounts payable under Article III of this Agreement and Article III
of the Reimbursement Agreement ratably among the Northwest Parties
and the Lenders in proportion to the amounts described in this
clause Second payable to them;
Third , to payment of that portion of the Secured
Credit Obligations constituting Reimbursement Obligations up to
a