Exhibit 10.2
Amendment No. 3 to
Receivables Purchase Agreement
AMENDMENT AGREEMENT (this “ Amendment
Agreement ”) dated as of March 30, 2007 among Lexmark
Receivables Corporation (the “ Seller ”),
CIESCO, LLC (“ CIESCO ”), Gotham Funding
Corporation (“ Gotham ”), Citibank, N.A.
(“ Citibank ”), The Bank of Tokyo-Mitsubishi
UFJ, Ltd., New York Branch (“ BTM ”) (formerly
known as The Bank of Tokyo-Mitsubishi Ltd., New York Branch),
Citicorp North America, Inc. (“ CNAI ”), as
Program Agent, CNAI and BTM, as Investor Agents, and Lexmark
International, Inc. (“ Lexmark ”), as Collection
Agent and Originator.
Preliminary Statements . (1) The Seller, CIESCO, Gotham, Citibank, BTM,
CNAI and Lexmark are parties to an Amended and Restated Receivables
Purchase Agreement dated as of October 8, 2004 (as amended,
restated, modified or supplemented from time to time, the “
Agreement ”; capitalized terms not otherwise defined
herein shall have the meanings attributed to them in the Agreement)
pursuant to which, and subject to and upon the terms and conditions
of which, the Seller has acquired, and may continue to acquire,
Receivables from the Originator, either by purchase or by
contribution to the capital of the Seller, as determined from time
to time by the Seller and the Originator. The Seller has sold, and
may continue to sell, Receivable Interests in the Receivables.
CIESCO and Gotham may, in their sole discretion, purchase such
Receivable Interests, and the Banks are prepared to purchase such
Receivable Interests, in each case on the terms set forth in the
Agreement.
(2) The parties hereto desire to amend
certain provisions of the Agreement as set forth herein.
NOW, THEREFORE, the parties agree as
follows:
SECTION 1. Amendments . Upon
the effectiveness of this Amendment Agreement, the Agreement is
hereby amended as follows:
1.1 The following new definition is added to Section
1.01 of the Agreement in proper alphabetical order:
“
Repurchase Date
”
has the meaning specified in Section
2.13.
1.2 A new Section 2.13 is added to
the Agreement reading as follows:
“Section
2.13. Repurchase Option . The Seller shall have the right to
repurchase all, but not less than all, of the Receivable Interests
held by the Investors and the Banks and to terminate this Agreement
upon not less than ten Business Days’ prior written notice to
the Agent. Such notice shall specify the date that the Seller
desires that such repurchase occur (such date, the “
Repurchase Date ”). On the Repurchase Date, the Seller
shall deposit into the Investor Agent’s Account for each
Investor Agent in immediately a
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