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AMENDMENT #4 TO CREDIT AND SECURITY AGREEMENT

Security Agreement

AMENDMENT #4 TO CREDIT AND SECURITY AGREEMENT | Document Parties: ACUITY BRANDS INC | Acuity Enterprise, Inc | Acuity Unlimited, Inc | Acuity Specialty Products Group, Inc | Variable Funding Capital Company LLC | Wachovia Bank, National Association You are currently viewing:
This Security Agreement involves

ACUITY BRANDS INC | Acuity Enterprise, Inc | Acuity Unlimited, Inc | Acuity Specialty Products Group, Inc | Variable Funding Capital Company LLC | Wachovia Bank, National Association

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Title: AMENDMENT #4 TO CREDIT AND SECURITY AGREEMENT
Governing Law: Georgia     Date: 11/2/2006
Industry: Electronic Instr. and Controls    

AMENDMENT #4 TO CREDIT AND SECURITY AGREEMENT, Parties: acuity brands inc , acuity enterprise  inc , acuity unlimited  inc , acuity specialty products group  inc , variable funding capital company llc , wachovia bank  national association
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EXHIBIT 10(i)A(20)

AMENDMENT #4 TO CREDIT AND SECURITY AGREEMENT

THIS AMENDMENT, dated as of September 28, 2006 (this “Amendment” ), is entered into by and among (a) Acuity Enterprise, Inc., a Delaware corporation, and Acuity Unlimited, Inc., a Delaware corporation, as Borrowers, (b) Acuity Specialty Products Group, Inc., a Delaware corporation, and Acuity Lighting Group, Inc., a Delaware corporation, as initial Servicers, (c) Variable Funding Capital Company LLC, a Delaware limited liability company (as assignee of Blue Ridge Asset Funding Corporation), and (d) Wachovia Bank, National Association, individually and as agent (in such agency capacity, together with its successors and assigns in such capacity, the “Agent” ), and pertains to the Credit and Security Agreement dated as of September 2, 2003 among the parties hereto, as amended (the “Existing Agreement” ). Unless defined elsewhere herein, capitalized terms used in this Amendment shall have the meanings assigned thereto in the Existing Agreement.

PRELIMINARY STATEMENT

Each of the parties desires to amend the Existing Agreement on the terms and subject to the conditions hereinafter set forth.

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

 

 

1.

Amendments .

1.1. Section 14.5(b) of the Existing Agreement is hereby amended and restated in its entirety to read as follows:

(b) Unless otherwise agreed to in writing by the Parent, each Lender and the Agent hereby agrees to keep all Proprietary Information confidential and not to disclose or reveal any Proprietary Information to any Person other than its (or its Affiliates’) directors, officers, employees, agents, attorneys, auditors, advisors, consultants or other representatives who reasonably require such information in connection with their activities concerning this Agreement or the transactions contemplated hereby and to actual or potential Participants or Purchasing Liquidity Banks, and then only upon a confidential basis in any such case ; provided, however, that Proprietary Information may be disclosed: (i) to the Agent or any other Lender, (ii) to any provider of credit or liquidity enhancement to VFCC (each, an “Enhancer” ), (iii) to the extent reasonably required in connection with any litigation to which the Agent, any Lender, any Enhancer or their respective Affiliates may be a party, (iv) to the extent reasonably required in connection with the exercise of any remedy hereunder, (v) as required by law, rule, regulation, direction, request or order of any judicial, administrative or regulatory authority or proceedings (whether or not having the force or effect of


law), (vi) to bank regulatory authorities or other governmental authorities, (vii) to any rating agency that rates the commercial paper or other debt securities of any Lender or any Enhancer, (viii) to any commercial paper dealer of any Lender or Enhancer which has agreed in writing to be bound by the provisions of this Section 14.5, and (ix) to any directors, officers, employees, agents, attorneys, auditors, advisors, con


 
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