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FIRST AMENDMENT TO CREDIT AGREEMENT

Loan Agreement

FIRST AMENDMENT TO CREDIT AGREEMENT | Document Parties: NEWELL RUBBERMAID INC | Bank of America, N.A. You are currently viewing:
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NEWELL RUBBERMAID INC | Bank of America, N.A.

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Title: FIRST AMENDMENT TO CREDIT AGREEMENT
Governing Law: New York     Date: 8/10/2009
Industry: Personal and Household Prods.     Sector: Consumer/Non-Cyclical

FIRST AMENDMENT TO CREDIT AGREEMENT, Parties: newell rubbermaid inc , bank of america  n.a.
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EXHIBIT 10.1

FIRST AMENDMENT TO CREDIT AGREEMENT

THIS FIRST AMENDMENT TO CREDIT AGREEMENT dated as of June 30, 2009 (the “ Amendment ”) is entered into among Newell Rubbermaid Inc., a Delaware corporation (the “ Borrower ”), the Lenders party hereto and Bank of America, N.A., as Administrative Agent. All capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the Credit Agreement (as defined below).

RECITALS

WHEREAS, the Borrower, the Lenders and Bank of America, N.A., as Administrative Agent entered into that certain Credit Agreement dated as of September 19, 2008 (as amended or modified from time to time, the “ Credit Agreement ”); and

WHEREAS, the Borrower has requested that the Lenders amend the Credit Agreement as set forth below;

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1. The principal amortization payment on the Term Loan in Section 3.01 of the Credit Agreement due on September 19, 2009 shall be moved up and be due and payable on June 30, 2009.

2. This Amendment shall be effective upon receipt by the Administrative Agent of counterparts of this Amendment duly executed by the Borrower, the Majority Lenders and Bank of America, N. A., as Administrative Agent.

3. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument. Delivery of an executed counterpart of this Amendment by telecopy shall be effective as an original and shall constitute a representation that an executed original shall be delivered.

4. This Amendment and the rights and obligations of the parties hereunder shall be governed by and construed and interpreted in accordance with the laws of the State of New York.

[Signature pages follow]


Each of the parties hereto has caused a counterpart of this Amendment to be duly executed and delivered as of the date first above written.

 

BORROWER:

 

 

NEWELL RUBBERMAID INC.,

a Delaware corporation

 

 

 

By:

 

/s/ Dale Metz

 

 

 

Name:

 

Dale Metz

 

 

 

Title:

 

Vice President and Treasurer

NEWELL RUBBERMAID INC.

FIRST AMENDMENT


ADMINISTRATIVE AGENT:

 

 

BANK OF AMERICA, N.A.,

as Administrative Agent

 

 

 

By:

 

/s/ Joan Mok

 

 

 

Name:

 

Joan Mok

 

 

 

Title:

 

Vice President

LENDERS:

 

 

BANK OF AMERICA, N.A.,

as a Lender

 

 

 

By:

 

/s/ David L. Catherall

 
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