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SECOND AMENDMENT TO CREDIT AGREEMENT

Loan Agreement

SECOND AMENDMENT TO CREDIT AGREEMENT | Document Parties: Advanced Medical Optics, Inc | AIB Debt Management, Limited | AMO DEVELOPMENT, LLC | AMO HOLDINGS, INC | AMO MANUFACTURING USA, LLC | AMO SALES AND SERVICE, INC | AMO US HOLDINGS, INC | AMO USA SALES HOLDINGS, INC | AMO USA, INC | AMO USA, LLC | AMO WAVEFRONT SCIENCES, LLC | Bank of America, N.A. | CITIBANK NA | FORTIS CAPITAL CORP | GOVERNOR & COMPANY OF THE BANK OF IRELAND | HSBC BANK USA, NA | INTEGRATED SURGICAL SOLUTIONS, LLC | Intralase Corp | JP MORGAN CHASE, NA | LOAN FUNDING V, LLC | NATIONAL CITY BANK | PNC BANK, NATIONAL ASSOCIATION | Prudential Investment Management, Inc | QUEST VISION TECHNOLOGY, INC | UBS LOAN FINANCE, LLC | UNION BANK OF CALIFORNIA, N.A. | US BANK NATIONAL ASSOCIATION | Visx, Incorporated | WaveFront Sciences, Inc | WELLS FARGO FOOTHILL, LLC You are currently viewing:
This Loan Agreement involves

Advanced Medical Optics, Inc | AIB Debt Management, Limited | AMO DEVELOPMENT, LLC | AMO HOLDINGS, INC | AMO MANUFACTURING USA, LLC | AMO SALES AND SERVICE, INC | AMO US HOLDINGS, INC | AMO USA SALES HOLDINGS, INC | AMO USA, INC | AMO USA, LLC | AMO WAVEFRONT SCIENCES, LLC | Bank of America, N.A. | CITIBANK NA | FORTIS CAPITAL CORP | GOVERNOR & COMPANY OF THE BANK OF IRELAND | HSBC BANK USA, NA | INTEGRATED SURGICAL SOLUTIONS, LLC | Intralase Corp | JP MORGAN CHASE, NA | LOAN FUNDING V, LLC | NATIONAL CITY BANK | PNC BANK, NATIONAL ASSOCIATION | Prudential Investment Management, Inc | QUEST VISION TECHNOLOGY, INC | UBS LOAN FINANCE, LLC | UNION BANK OF CALIFORNIA, N.A. | US BANK NATIONAL ASSOCIATION | Visx, Incorporated | WaveFront Sciences, Inc | WELLS FARGO FOOTHILL, LLC

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Title: SECOND AMENDMENT TO CREDIT AGREEMENT
Governing Law: New York     Date: 8/6/2008
Industry: Medical Equipment and Supplies     Law Firm: Moore Van     Sector: Healthcare

SECOND AMENDMENT TO CREDIT AGREEMENT, Parties: advanced medical optics  inc , aib debt management  limited , amo development  llc , amo holdings  inc , amo manufacturing usa  llc , amo sales and service  inc , amo us holdings  inc , amo usa sales holdings  inc , amo usa  inc , amo usa  llc , amo wavefront sciences  llc , bank of america  n.a. , citibank na , fortis capital corp , governor & company of the bank of ireland , hsbc bank usa  na , integrated surgical solutions  llc , intralase corp , jp morgan chase  na , loan funding v  llc , national city bank , pnc bank  national association , prudential investment management  inc , quest vision technology  inc , ubs loan finance  llc , union bank of california  n.a. , us bank national association , visx  incorporated , wavefront sciences  inc , wells fargo foothill  llc
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EXHIBIT 10.1

SECOND AMENDMENT TO CREDIT AGREEMENT

This Second Amendment to Credit Agreement (this “ Amendment ”) dated as of July 30, 2008 is by and among Advanced Medical Optics, Inc., a Delaware corporation (the “ Borrower ”), the Guarantors, certain of the Revolving Credit Lenders and Bank of America, N.A., as Administrative Agent on behalf of itself and the Lenders. All capitalized terms used herein but not otherwise defined herein shall have the meanings provided to such terms in the Credit Agreement (as defined below).

W I T N E S S E T H

WHEREAS, the Borrower, the Guarantors, the Lenders and the Administrative Agent have entered into that certain Credit Agreement dated as of April 2, 2007 (as amended or modified from time to time, the “ Credit Agreement ”);

WHEREAS, the Borrower has requested that the Revolving Credit Lenders amend the Credit Agreement as set forth herein; and

WHEREAS, the Revolving Credit Lenders have agreed to amend the Credit Agreement on the terms and conditions set forth herein.

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1. Amendment . The first grid in Section 8.11(a) of the Credit Agreement is hereby amended and restated to read as follows:

 

 

 

 

Four-Fiscal Quarter

Period Ending

  

Ratio

September 28, 2007

  

5.75:1.00

December 31, 2007

  

5.75:1.00

March 28, 2008

  

5.25:1.00

June 27, 2008

  

5.25:1.00

September 26, 2008

  

5.00:1.00

December 31, 2008

  

5.00:1.00

March 27, 2009

  

5.00:1.00

June 26, 2009

  

5.00:1.00

September 25, 2009

  

4.75:1.00

December 31, 2009

  

4.50:1.00

March 26, 2010

  

4.50:1.00

June 25, 2010

  

4.25:1.00

September 24, 2010

  

4.25:1.00

December 31, 2010

  

4.00:1.00

March 25, 2011

  

4.00:1.00

June 24, 2011

  

3.75:1.00

September 30, 2011

  

3.75:1.00

December 31, 2011 and thereafter

  

3.50:1.00

2. Conditions Precedent . This Amendment shall be effective upon satisfaction of the following conditions precedent:

(a) receipt by the Administrative Agent of this Amendment executed by the Borrower, the Guarantors, the Revolving Credit Lenders holding more than 50% of the Revolving Credit Commitments (other than Defaulting Lenders) and the Administrative Agent; and


(b) receipt by the Administrative Agent (for distribution to the applicable Revolving Credit Lenders) of all fees and expenses required to be paid by the Borrower on or before the date hereof.

3. Miscellaneous .

(a) The Credit Agreement (as amended by this Amendment), and the obligations of the Loan Parties thereunder and under the other Loan Documents, are hereby ratified and confirmed and shall remain in full force and effect according to their terms.

(b) Each Guarantor (i) acknowledges and consents to all of the terms and conditions of this Amendment, (ii) affirms all of its obligations under the Loan Documents, (iii) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge its obligations under the Credit Agreement or the other Loan Documents and (iv) hereby confirms and agrees that its Guarantee shall continue and remain in full force and effect after giving effect to this Amendment and that, notwithstanding any contrary terms in such Guarantee, such Guarantee now applies to the Credit Agreement as amended by this Amendment.

(c) The Borrower and the Guarantors hereby represent and warrant as follows:

(i) Each Loan Party has taken all necessary action to authorize the execution, delivery and performance of this Amendment.

(ii) This Amendment has been duly executed and delivered by the Loan Parties and constitutes each of the Loan Parties’ legal, valid and binding obligations, enforceable in accordance with its terms, except as such enforceability may be subject to (A) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally and (B) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

(iii) No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by any Loan Party of this Amendment, other than those of the Revolving Credit Lenders and the Administrative Agent and those that have already been obtained and are in full force and effect as of the date hereof.

(d) The Loan Parties represent and warrant to the Lenders that (i) the representations and warranties of the Loan Parties set forth in Article VI of the Credit Agreement and in each other Loan Document are true and correct in all material respects as of the date hereof with the same effect as if made on and as of the date hereof, except to the extent such representations and warranties expressly relate solely to an earlier date and (ii) no event has occurred and is continuing which constitutes a Default or an Event of Default.

(e) The Borrower agrees to pay all reasonable and documented out-of-pocket costs and expenses of the Administrative Agent in connection with the preparation, execution and delivery of this Amendment, including without limitation the reasonable fees and expenses of Moore & Van Allen PLLC.

(f) 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, facsimile or electronic delivery (in


 
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