EXECUTION COPY
FIRST
AMENDMENT, dated as of October 9, 2009 (the “
Amendment ”), to the CREDIT AGREEMENT, dated as of
October 10, 2008 (the “Credit Agreement” ),
among CHICAGO MERCANTILE EXCHANGE INC., a Delaware corporation
(together with its successors and assigns, the
“Company” ) and a wholly owned subsidiary of CME
GROUP INC., the Banks, BANK OF MONTREAL, as Administrative Agent
(in such capacity, the “ Administrative Agent
”), and JPMORGAN CHASE BANK, N.A., as Collateral Agent (in
such capacity, the “ Collateral Agent
”).
W I T N E S S E T H :
WHEREAS, pursuant to the Credit Agreement, the
Banks have agreed to extend credit to the Company on the terms set
forth in the Credit Agreement;
WHEREAS, the Company has requested that the
Banks approve certain amendments to the Credit Agreement;
and
WHEREAS, pursuant to such request, the Banks
have consented to amend the Credit Agreement pursuant to the terms
and conditions contained herein;
|
|
|
|
|
|
|
NOW, THEREFORE,
the parties hereto hereby agree as follows:
|
|
SECTION
1.
|
|
|
|
|
|
|
1.1
Defined Terms . Terms defined in the Credit Agreement and
used herein shall have the meanings given to them in the Credit
Agreement unless otherwise defined herein or the context otherwise
requires.
|
|
|
|
|
|
|
|
|
SECTION
2.
|
|
AMENDMENTS.
|
|
|
|
|
|
|
|
|
2.1
|
|
|
Amendment of
Article I (Definitions).
|
|
|
|
|
|
|
|
|
(a) Article I of the Credit Agreement
is hereby amended by adding the following terms in the proper
alphabetical order:
“ First Amendment ” means the
First Amendment dated as of October 9, 2009 to this Credit
Agreement.
“ First Amendment Effective Date
” means October 9, 2009.
(b) The definition of “Revolving
Credit Termination Date” in Article I of the Credit
Agreement is hereby amended by deleting the phrase
“October 9, 2009” and replacing it with the phrase
“December 9, 2009”.
2.2
Amendment of Section 2.8 (Upfront Fee; Commitment Fee)
. (a) Subsection (b) of Section 2.8 of the Credit
Agreement is hereby amended by deleting the phrase “to and
including the Revolving Credit Termination Date” and
replacing it with the phrase “to and including
October 9, 2009”.
(b) Section 2.8 of the Credit
Agreement is hereby amended by inserting the following new
subsection (c) at the end thereof:
(c) From October 10, 2009 to and
including the Revolving Credit Termination Date, the Company agrees
to pay to the Administrative Agent for the ratable account of the
Banks a commitment fee of 15/100 of 1% per annum (on the basis of a
year consisting of 360 days for actual days elapsed) on the
daily amount of each such Bank’s ratable share (determined in
proportion to its respective Commitment) of the excess of
(i) the amount of the Aggregate Commitment over (ii) the
aggregate principal amount of all outstanding Advances of the
Banks, payable in arrears on the last day of each November,
February, May and August after the First Amendment Effective Date,
as applicable, and on the Revolving Credit Termination Date,
commencing on the first of such dates to occur after the First
Amendment Effective Date.
SECTION 3.
MISCELLANEOUS.
3.1
Conditions to Effectiveness . This Amendment shall become
effective on the date (the “ First Amendment Effective
Date ”) on which:
(a) Amendment . The Administrative
Agent shall have received this Amendment, executed and delivered by
a duly authorized officer of each of the Company and each of the
Banks.
(b) Acknowledgment and Confirmation
. The Administrative Agent shall have received the Acknowledgment
and Confirmation, substantially in the form of Exhibit A
hereto, executed and delivered by an authorized officer of the
Company, for itself and as Member Attorney-in-Fact on behalf of
each grantor named therein, and the New York Mercantile Exchange,
Inc., as Member Attorney-in-Fact on behalf of each grantor named
therein.
(c) Payment of Fees, Expenses . The
Company shall have paid all fees and expenses as required pursuant
to subsection 3.6 of this Amendment.
3.2
Representation and Warranties . After giving effect to the
amendments contained herein, on the First Amendment Effective Date
the Company hereby confirms that the representations and warranties
set forth in Article VI of the Credit Agreement are true and
correct in all material respects (except to the extent such
representations and warranties specifically refer to an earlier
date); provided that each reference in such Article VI
to “this Agreement” shall be deemed to include this
Amendment and the Credit Agreement, as amended by this
Amendment.
3.3
Continuing Effect; No Other Waivers or Amendments . This
Amendment shall not constitute an amendment or waiver of or consent
to any provision of the Credit Agreement and the other Loan
Documents not expressly referred to herein and shall not be
construed as an amendment, waiver or consent to any action on the
part of the Company that would require an amendment, waiver or
consent of the Administrat