Back to top

[COOPER] FIRST AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT

Receivables Purchase Transfer Agreement

[COOPER] FIRST AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT | Document Parties: Conduit Purchaser and PNC BANK, NATIONAL ASSOCIATION | COOPER RECEIVABLES LLC | COOPER TIRE & RUBBER COMPANY | MARKET STREET FUNDING LLC | Market Street Purchaser Group You are currently viewing:
This Receivables Purchase Transfer Agreement involves

Conduit Purchaser and PNC BANK, NATIONAL ASSOCIATION | COOPER RECEIVABLES LLC | COOPER TIRE & RUBBER COMPANY | MARKET STREET FUNDING LLC | Market Street Purchaser Group

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: [COOPER] FIRST AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT
Governing Law: New York     Date: 12/1/2006
Industry: Tires     Sector: Consumer Cyclical

[COOPER] FIRST AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT, Parties: conduit purchaser and pnc bank  national association , cooper receivables llc , cooper tire & rubber company , market street funding llc , market street purchaser group
50 of the Top 250 law firms use our Products every day

[COOPER]

FIRST AMENDMENT TO
RECEIVABLES PURCHASE AGREEMENT

THIS FIRST AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT (this " Amendment "), dated as of November 30, 2006, is entered into among COOPER RECEIVABLES LLC (the " Seller "), COOPER TIRE & RUBBER COMPANY (the " Servicer "), MARKET STREET FUNDING LLC, as Related Committed Purchaser and as Conduit Purchaser and PNC BANK, NATIONAL ASSOCIATION, as administrator (the " Administrator ") and as Purchaser Agent for the Market Street Purchaser Group.

RECITALS

1. The parties hereto are parties to the Receivables Purchase Agreement, dated as of August 30, 2006 (as amended, amended and restated, supplemented or otherwise modified through the date hereof, the " Agreement "); and

2. The parties hereto desire to amend the Agreement as hereinafter set forth.

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

SECTION 1. Certain Defined Terms . Capitalized terms that are used but not defined herein shall have the meanings set forth in the Agreement.

SECTION 2. Amendment to the Agreement . Clause (m) of Exhibit V to the Agreement is hereby amended and restated in its entirety to read as follows:

  • Cooper Tire or any of its respective Subsidiaries shall breach, default on or fail to comply with the covenant set forth in Section 5.1 (titled "Percentage of Consolidated Indebtedness to Consolidated Capitalization") of that certain Amended and Restated Credit Agreement, dated as of September 1, 2000, among Cooper Tire, as borrower thereunder, the lenders from time to time thereto, PNC as the agent for the lenders thereunder, as such agreement has been amended, modified, waived or supplemented through the Closing Date, and without giving effect to any future amendment, modification, waiver or supplement thereto (whether or not consented to or waived by the required parties thereunder) unless PNC has given its affirmative consent thereto, as agent thereunder; provided , however , that solely for purposes of this clause (m) , (x) the covenant in such Section 5.1 of such agreement shall be calculated without giving effect to any change in the unfunded post-retirement benefit liability and Consolidated Stockholder’s Equity resulting from FASB Statement No. 158, and (y) such Section 5.1 in such agreement, including any defined terms used, directly or indirectly, in such Section 5.1 of such agreement (as amended, modified, wa


 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more