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FOURTH AMENDMENT TO THE CREDIT AGREEMENT

Loan Agreement

FOURTH AMENDMENT TO THE CREDIT AGREEMENT | Document Parties: AGILENT TECHNOLOGIES INC | AGILENT TECHNOLOGIES, INC | JPMORGAN CHASE BANK, NA You are currently viewing:
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AGILENT TECHNOLOGIES INC | AGILENT TECHNOLOGIES, INC | JPMORGAN CHASE BANK, NA

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Title: FOURTH AMENDMENT TO THE CREDIT AGREEMENT
Governing Law: New York     Date: 8/24/2009
Industry: Electronic Instr. and Controls     Law Firm: Cravath Swaine     Sector: Technology

FOURTH AMENDMENT TO THE CREDIT AGREEMENT, Parties: agilent technologies inc , agilent technologies  inc , jpmorgan chase bank  na
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Exhibit 10.5

 

Execution Copy

 

FOURTH AMENDMENT, dated as of August 17, 2009 (this “ Amendment ”), to the CREDIT AGREEMENT dated as of May 11, 2007 (the “ Agreement ”), among AGILENT TECHNOLOGIES, INC. (the “ Company ”), a Delaware corporation, the LENDERS party thereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent.

 

WHEREAS, the Lenders have agreed to extend credit to the Company under the Credit Agreement on the terms and subject to the conditions set forth therein; and

 

WHEREAS, the Company has requested that the Lenders amend certain provisions of the Credit Agreement and the Lenders whose signatures appear below, constituting at least the Required Lenders, are willing to amend the Credit Agreement on the terms and subject to the conditions set forth herein;

 

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

 

SECTION 1.  Defined Terms.   Capitalized terms used but not otherwise defined herein (including in the recital hereto) have the meanings assigned to them in the Credit Agreement.

 

SECTION 2.  Amendment of Certain Definitions : Section 1.01 of the Credit Agreement is hereby amended:

 

(a)  by inserting a definition of “ Acquisition Period ,” reading as follows:

 

Acquisition Period ” means the period beginning on August 17, 2009 and ending on the later of (i) August 1, 2010 and (ii) the first day of the month following the ninth full calendar month after the closing of the merger provided for in the Varian Merger Agreement (or, if the Varian Merger Agreement shall be terminated prior to August 1, 2010, the date of such termination).

 

(b)  by inserting a definition of “ Acquisition Period Indebtedness ,” reading as follows:

 

Acquisition Period Indebtedness ” means Indebtedness (other than Repurchase Obligations Indebtedness) incurred by the Company and its Subsidiaries during the period beginning on August 17, 2009 and ending on the date of the closing of the merger provided for in the Varian Merger Agreement (or, if the Varian Merger Agreement shall be terminated prior to August 1, 2010, the date of such termination), in an aggregate amount not to exceed $1,000,000,000.

 



 

(c)  by changing the definition of “ Consolidated Total Indebtedness ” therein to read as follows:

 

Adjusted Consolidated Total Indebtedness ” means, at any time, (a) all Indebtedness of the Company and the Subsidiaries at such time other than Repurchase Obligations (and guaranties thereof) and, during the Acquisition Period, other than Acquisition Period Indebtedness, plus (b) Adjusted Repurchase Obligation Indebtedness at such time, minus (c) all Indebtedness at such time consisting of obligations of the Company and the Subsidiaries as account parties in respect of letters of credit and letters of guaranty that do not support Indebtedness, all determined on a consolidated basis in accordance with GAAP. In the event that the Company or any Subsidiary shall have completed since any date as of which Adjusted Consolidated Total Indebtedness is to be determined an acquisition or disposition of any Person, division or business unit in which the aggregate consideration paid or received shall have exceeded $300,000,000, Adjusted Consolidated Total Indebtedness shall be determined for such period on a pro forma basis as if such acquisition or disposition, and any related incurrence or repayment of Indebtedness, had occurred on such date.

 

(d)  by changing the definition of “Adjusted Repurchase Obligation Indebtedness” therein to read as follows:

 

Adjusted Repurchase Obligation Indebtedness ” means, at any time, an amount (but not less than zero) equal to (a) the aggregate amount of all Indebtedness consisting of Repurchase Obligations at such time minus (b) the lesser of (i) Adjusted Repurchase Obligation Restricted Cash at such


 
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