EXHIBIT 10.53
EIGHTH AMENDMENT
TO
RECEIVABLES SALE
AGREEMENT
THIS EIGHTH AMENDMENT TO
RECEIVABLES SALE AGREEMENT , dated as of May 31, 2005
(this “ Amendment ”), is entered into by
and among ALLIED RECEIVABLES FUNDING INCORPORATED, as buyer (the
“ Buyer ”) and ALLIED WASTE NORTH
AMERICA, INC. and the undersigned originators (the “
Originators ”). Capitalized terms used and not
otherwise defined herein are used as defined in the Agreement (as
defined below and amended hereby).
WHEREAS , the parties hereto
have entered into that certain Receivables Sale Agreement, dated as
of March 7, 2003 (as amended, restated, supplemented or
otherwise modified to the date hereof, the “
Agreement ”);
WHEREAS , the parties hereto
desire to amend the Agreement in certain respects as hereinafter
set forth;
NOW THEREFORE , in
consideration of the premises and the other mutual covenants
contained herein, the parties hereto agree as follows:
SECTION 1. Amendments
.
The Agreement is hereby amended as
follows:
(a) Exhibit III
hereto hereby replaces the existing Exhibit III to the
Agreement.
SECTION 2. Reference to and Effect
on the Agreement and the Related Documents .
Upon the effectiveness of this
Amendment, (i) each of the Originators hereby reaffirms all
representations and warranties made by it in Article II
of the Agreement (as amended hereby) and agrees that all such
representations and warranties shall be deemed to have been
restated as of the effective date of this Amendment, (ii) each
of the Originators and the Buyer hereby represents and warrants
that no Termination Event shall have occurred and be continuing and
(iii) each reference in the Agreement to “this
Agreement”, “hereunder”, “hereof”,
“herein” or words of like import shall mean and be, and
any references to the Agreement in any other document, instrument
or agreement executed and/or delivered in connection with the
Agreement shall mean and be, a reference to the Agreement as
amended hereby.
SECTION 3. Effectiveness and
Effect .
This Amendment shall become effective
as of the date the Eighth Amendment to the Credit Security
Agreement, dated as of the date hereof, becomes effective by its
terms (the
“ Amendment
Effective Date ”), upon execution by each of the
parties hereto and receipt of all executed counterparts of the
signature pages by such parties. Except as otherwise amended by
this Amendment, the Agreement shall continue in full force and
effect and is hereby ratified and confirmed.
SECTION 4. Governing Law
.
This Amendment will be governed by
and construed in accordance with the laws of the State of New
York.
SECTION 5. Severability
.
Each provision of this Amendment
shall be severable from every other provision of this Amendment for
the purpose of determining the legal enforceability of any
provision hereof, and the unenforceability of one or more
provisions of this Amendment in one jurisdiction shall not have the
effect of rendering such provision or provisions unenforceable in
any other jurisdiction.
SECTION 6. Counterparts
.
This Amendment may be executed in one
or more counterparts, each of which shall be deemed to be an
original, but all of which together shall constitute one and the
same instrument. Delivery of an executed counterpart of a signature
page by facsimile shall be effective as delivery of a manually
executed counterpart of this Amendment.
[remainder of page
intentionally left blank]
-2-
IN WITNESS WHEREOF, the parties have
caused this Amendment to be executed by their respective officers
thereunto duly authorized, as of the date first above written.
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ALLIED RECEIVABLES
FUNDING INCORPORATED ALLIED SERVICES, LLC
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By: ALLIED WASTE
NORTH AMERICA, INC., its Sole Member
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BFI WASTE SERVICES,
LLC
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By: ALLIED WASTE
NORTH AMERICA, INC., its Sole Member
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BFI WASTE SERVICES
OF PENNSYLVANIA, LLC
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By: ALLIED WASTE
NORTH AMERICA, INC., its Sole Member
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BFI WASTE SERVICES
OF MASSACHUSETTS, LLC
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By: ALLIED WASTE
NORTH AMERICA, INC., its Sole Member
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GREENRIDGE WASTE
SERVICES, LLC
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By: ALLIED WASTE
NORTH AMERICA, INC., its Sole Member
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ALLIED WASTE
SYSTEMS, INC.
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BFI WASTE SYSTEMS
OF NORTH AMERICA, INC.
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ALLIED WASTE
TRANSPORTATION, INC.
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BROWNING-FERRIS
INDUSTRIES OF TENNESSEE, INC.
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DELTA DADE
RECYCLING CORP.
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BROWNING-FERRIS
INDUSTRIES OF FLORIDA, INC.
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BROWNING-FERRIS
INDUSTRIES OF OHIO, INC.
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PSI WASTE SYSTEMS,
INC.
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BFI WASTE SERVICES
OF TEXAS, LP
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By: ALLIED WASTE
LANDFILL HOLDINGS, INC., its General Partner
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BFI WASTE SERVICES
OF INDIANA, LP
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By: ALLIED WASTE
LANDFILL HOLDINGS, INC., its General Partner
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BRENHAM TOTAL
ROLL-OFFS, LP
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By: ALLIED WASTE
LANDFILL HOLDINGS, INC., its General Partner
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ALBANY-LEBANON
SANITATION, INC.
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AMERICAN DISPOSAL
SERVICES OF ILLINOIS, INC.
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AMERICAN DISPOSAL
SERVICES OF MISSOURI, INC.
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AMERICAN DISPOSAL
SERVICES OF WEST VIRGINIA, INC.
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BFI WASTE SYSTEMS
OF NEW JERSEY, INC.
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CAPITOL RECYCLING
AND DISPOSAL, INC.
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[Signature Page to Eighth
Amendment to Receivables Sale Agreement for Allied]
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CITY-STAR SERVICES,
INC.
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CLARKSTON DISPOSAL,
INC.
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CORVALLIS DISPOSAL
CO.
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COUNTY DISPOSAL
(OHIO), INC.
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COUNTY LANDFILL,
INC.
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D & L DISPOSAL
L.L.C.
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DALLAS DISPOSAL
CO.
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DELTA CONTAINER
CORPORATION
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DEMPSEY WASTE
SYSTEMS II, INC.
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DINVERNO,
INC.
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GRANTS PASS
SANITATION, INC.
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HARLAND’S
SANITARY LANDFILL, INC.
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ILLIANA DISPOSAL
PARTNERSHIP
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ISLAND WASTE
SERVICES LTD.
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KELLER DROP BOX,
INC.
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KEY WASTE INDIANA
PARTNERSHIP
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LATHROP SUNRISE
SANITATION CORPORATION
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MCINNIS WASTE
SYSTEMS, INC.
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PACKERTON LAND
COMPANY, L.L.C.
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RABANCO, LTD.
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REGIONAL DISPOSAL
COMPANY
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By: RABANCO, LTD.,
its General Partner
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ROSSMAN SANITARY
SERVICE, INC.
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SUBURBAN CARTING
CORP.
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SUNRISE SANITATION
SERVICE, INC.
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SUNSET DISPOSAL
SERVICE, INC.
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SUNSET DISPOSAL,
INC.
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THOMAS DISPOSAL
SERVICE, INC.
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UNITED DISPOSAL
SERVICE, INC.
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By: |
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Name: |
Thomas P. Martin |
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Title: |
Treasurer |
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[additional signatures to
follow]
[Signature Page to Eighth
Amendment to Receivables Sale Agreement for Allied]
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ALLIED WASTE NORTH AMERICA, INC.
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By: |
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Name: |
Thomas P. Martin |
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Title: |
Treasurer |
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[additional signatures to
follow]
[Signature Page to Eighth
Amendment to Receivables Sale Agreement for Allied]
Acknowledged and consented
to:
WACHOVIA BANK, NATIONAL
ASSOCIATION,
as Agent
[end of signatures]
[Signature Page to Eighth
Amendment to Receivables Sale Agreement for Allied]
Exhibit III
Names of Collection
Banks; Lock-Boxes & Collection Accounts
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CMS |
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InfoPro |
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Lockbox |
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| Originator |
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District |
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Division |
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PO Box |
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Site |
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State |
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Zip Code |
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Account |
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Other Account |
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Account Description |
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BFI Waste Systems of
North America, Inc.
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121 |
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78038 |
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Phoenix |
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AZ |
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85062 |
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28216049 |
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BFI Waste Systems of
North America, Inc.
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122 |
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830110 |
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Baltimore |
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MD |
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21283 |
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28216049 |
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BFI Waste Systems of
North America, Inc.
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131 |
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78917 |
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Phoenix |
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AZ |
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85062 |
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28216049 |
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BFI Waste Systems of
North America, Inc.
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145 |
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78031 |
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Phoenix |
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AZ |
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85062 |
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28216049 |
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BFI Waste Systems of
North America, Inc.
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146 |
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78031 |
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Phoenix |
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AZ |
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85062 |
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28216049 |
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BFI Waste Systems of
North America, Inc.
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153 |
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78017 |
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Phoenix |
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AZ |
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85062 |
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28216049 |
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BFI Waste Systems of
North America, Inc.
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156 |
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78024 |
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Phoenix |
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AZ |
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85062 |
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28216049 |
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BFI Waste Systems of
North America, Inc.
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158 |
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79064 |
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Phoenix |
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AZ |
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85062 |
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28216049 |
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BFI Waste Services,
LLC
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160 |
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9001227 |
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Louisville |
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KY |
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40290 |
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28216049 |
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BFI Waste Services
of Massachusetts, LLC
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175 |
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830102 |
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Baltimore |
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MD |
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21283 |
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28216049 |
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BFI Waste Systems of
North America, Inc.
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200 |
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9001219 |
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Louisville |
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KY |
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40290 |
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28216049 |
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Allied Waste
Systems, Inc
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215 |
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78440 |
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Phoenix |
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AZ |
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85062 |
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28216049 |
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BFI Waste Systems of
North America, Inc.
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245 |
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78429 |
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Phoenix |
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AZ |
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85062 |
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28216049 |
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Browning-Ferris
Industries of Ohio, Inc.
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250 |
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9001256 |
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Louisville |
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KY |
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40290 |
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28216049 |
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BFI Waste Services
of Texas, LP
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271 |
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78701 |
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Phoenix |
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AZ |
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85062 |
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28216049 |
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BFI Waste Services
of Texas, LP
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272 |
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78760 |
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Phoenix |
|
AZ |
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85062 |
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28216049 |
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BFI Waste Services
of Texas, LP
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275 |
|
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78720 |
|
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Phoenix |
|
AZ |
|
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85062 |
|
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28216049 |
|
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BFI Waste Services
of Texas, LP
|
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276 |
|
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78717 |
|
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Phoenix |
|
AZ |
|
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85062 |
|
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28216049 |
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BFI Waste Services,
LLC
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278 |
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9001215 |
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Louisville |
|
KY |
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40290 |
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28216049 |
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BFI Waste Services,
LLC
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279 |
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9001216 |
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Louisville |
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KY |
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40290 |
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28216049 |
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BFI Waste Services,
LLC
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280 |
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9001217 |
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Louisville |
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KY |
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40290 |
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28216049 |
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BFI Waste Services,
LLC
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282 |
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78753 |
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Phoenix |
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AZ |
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85062 |
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28216049 |
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BFI Waste Services,
LLC
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283 |
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78750 |
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Phoenix |
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AZ |
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85062 |
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28216049 |
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BFI Waste Services
of Texas, LP
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288 |
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78703 |
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Phoenix |
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AZ |
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85062 |
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28216049 |
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BFI Waste Services,
LLC
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300 |
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9001625 |
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Louisville |
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KY |
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40290 |
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28216049 |
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BFI Waste Services,
LLC
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309 |
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9001624 |
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Louisville |
|
KY |
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40290 |
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28216049 |
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CMS |
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InfoPro |
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Lockbox |
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| Originator |
|
District |
|
Division |
|
PO Box |
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Site |
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State |
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Zip Code |
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Account |
|
Other Account |
|
Account Description |
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BFI Waste Systems of
North America, Inc.
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316 |
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78030 |
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Phoenix |
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AZ |
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85062 |
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28216049 |
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BFI Waste Systems of
North America, Inc.
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322 |
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830103 |
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Baltimore |
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MD |
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21283 |
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28216049 |
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BFI Waste Systems of
North America, Inc.
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323 |
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78527 |
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Phoenix |
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AZ |
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85062 |
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28216049 |
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BFI Waste Services,
LLC
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325 |
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9001202 |
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Louisville |
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KY |
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40290 |
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28216049 |
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BFI Waste Services,
LLC
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326 |
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9001224 |
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Louisville |
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KY |
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40290 |
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28216049 |
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BFI Waste Systems of
North America, Inc.
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335 |
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78370 |
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Phoenix |
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AZ |
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85062 |
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28216049 |
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BFI Waste Systems of
North America, Inc.
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341 |
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830119 |
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Baltimore |
|
MD |
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21283 |
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28216049 |
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BFI Waste Services,
LLC
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343 |
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830129 |
|
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Baltimore |
|
MD |
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21283 |
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28216049 |
|
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BFI Waste Services,
LLC
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344 |
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830130 |
|
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Baltimore |
|
MD |
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21283 |
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28216049 |
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BFI Waste Services,
LLC
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345 |
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830131 |
|
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Baltimore |
|
MD |
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21283 |
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28216049 |
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BFI Waste Services,
LLC
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347 |
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90012 |
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