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SIXTH AMENDMENT TO LOAN AGREEMENT

Loan Agreement

SIXTH AMENDMENT TO LOAN AGREEMENT | Document Parties: CRA INTERNATIONAL, INC. | John Hancock Tower, 200 Clarendon Street, T-33, Boston, Massachusetts 02116-5092 and RBS Citizens, National Association You are currently viewing:
This Loan Agreement involves

CRA INTERNATIONAL, INC. | John Hancock Tower, 200 Clarendon Street, T-33, Boston, Massachusetts 02116-5092 and RBS Citizens, National Association

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Title: SIXTH AMENDMENT TO LOAN AGREEMENT
Governing Law: Massachusetts     Date: 8/19/2009
Industry: Business Services     Sector: Services

SIXTH AMENDMENT TO LOAN AGREEMENT, Parties: cra international  inc. , john hancock tower  200 clarendon street  t-33  boston  massachusetts 02116-5092 and rbs citizens  national association
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Exhibit 10.1

 

SIXTH AMENDMENT TO LOAN AGREEMENT

DATED JANUARY 14, 2004

 

This Sixth Amendment to Loan Agreement (the “Sixth Amendment”) is made as of this 18th day of August, 2009 by and between CRA International, Inc., formerly known as Charles River Associates Incorporated (“Borrower”), a Massachusetts corporation with its principal executive office at the John Hancock Tower, 200 Clarendon Street, T-33, Boston, Massachusetts 02116-5092 and RBS Citizens, National Association, successor by merger with Citizens Bank of Massachusetts, a national banking association with offices at 28 State Street, Boston, Massachusetts (the “Lender”) in consideration of the mutual covenants contained herein and the benefits to be derived herefrom.  Unless otherwise specified, all capitalized terms shall have the same meaning herein as set forth in the Agreement (as defined below).

 

W I T N E S S E T H :

 

WHEREAS, on January 14, 2004, the Borrower and the Lender entered into a loan arrangement (the “Loan Arrangement”) as evidenced by, amongst other documents and instruments, a certain Loan Agreement dated as of January 14, 2004, as amended by a First Amendment to Loan Agreement dated as of March 29, 2005, amended by a Second Amendment to Loan Agreement dated as of June 20, 2005 (the “Second Amendment”), as amended by a Third Amendment to Loan Agreement dated as of April 17, 2006, as further amended by a Fourth Amendment to Loan Agreement dated as of July 25, 2006, as further amended by a Fifth Amendment to Loan Agreement dated as of May 16, 2007 (as may be amended from time to time, the “Agreement”) by and between the Borrower and the Lender pursuant to which the Lender agreed to provide certain financial accommodations to or for the benefit of the Borrower; and

 

WHEREAS, the Borrower has requested that the Lender extend the Loan Arrangement and amend certain terms and conditions of the Agreement, and

 

WHEREAS, the Lender has agreed to so amend the Agreement provided the Borrower and the Lender entered into this Sixth Amendment; and

 

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

 

1.              The definition of Credit Limit in Section 1(g) is hereby deleted and replaced with the following:

 

Credit Limit shall mean an amount equal to Sixty Million ($60,000,000.00) Dollars.”

 

2.              Section 1(g) of the Agreement is hereby amended by deleting the definition of Applicable Margin in its entirety and replacing it with the following:

 



 

““Applicable Margin” shall mean at any time (i) 3.50% per annum if the Total Debt Ratio (as defined in Section 10 hereof) at such time is greater than or equal to 2.5x as of such time, (ii) 3.00% per annum if the Total Debt Ratio at such time is greater than or equal to 2.0x but less than 2.5x as of suc


 
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