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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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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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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COUNTY DISPOSAL
(OHIO), INC.
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DELTA CONTAINER
CORPORATION
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DEMPSEY WASTE
SYSTEMS II, 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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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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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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SUNRISE
SANITATION SERVICE, INC.
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SUNSET DISPOSAL
SERVICE, 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:
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Thomas P.
Martin
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Title:
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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:
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Thomas P.
Martin
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Title:
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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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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
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AZ
|
|
|
85062
|
|
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28216049
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|
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|
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|
|
|
BFI Waste
Services of Texas, LP
|
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275
|
|
|
|
|
|
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|
78720
|
|
|
Phoenix
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AZ
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|
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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
|
|
|
Phoenix
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AZ
|
|
|
85062
|
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28216049
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278
|
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|
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9001215
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|
Louisville
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KY
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40290
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28216049
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279
|
|
|
|
|
|
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9001216
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|
Louisville
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KY
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|
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40290
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28216049
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280
|
|
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|
|
|
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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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282
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|
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|
|
|
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78753
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Phoenix
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AZ
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|
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85062
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28216049
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283
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|
|
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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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|
|
|
|
|
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|
78703
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|
Phoenix
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|
AZ
|
|
|
85062
|
|
|
|
28216049
|
|
|
|
|
|
|
|
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300
|
|
|
|
|
|
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9001625
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|
|
Louisville
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KY
|
|
|
40290
|
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|
28216049
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|
|
|
|
|
|
|
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|
309
|
|
|
|
|
|
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|
9001624
|
|
|
Louisville
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|
KY
|
|
|
40290
|
|
|
|
28216049
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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
|
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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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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326
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|
|
|
|
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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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|
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830119
|
|
|
Baltimore
|
|
MD
|
|
|
21283
|
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28216049
|
|
|
|
|
|
|
|
|
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|
343
|
|
|
|
|
|
|
|
830129
|
|
|
Baltimore
|
|
MD
|
|
|
21283
|
|
|
|
28216049
|
|
|
|
|
|
|
|
|
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|
|
344
|
|
|
|
|
|
|
|
830130
|
|
|
Baltimore
|
|
MD
|
|
|
21283
|
|
|
|
28216
|
|