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[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:
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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
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