Exhibit 10.1
as of January 31, 2006
United Natural Foods, Inc.
as Agent and Representative
of the Borrowers
260 Lake Road
Dayville, CT 06241
RE: Second Amendment to Amended
and Restated Loan and Security Agreement
Ladies and Gentlemen:
Reference is made to the Amended and
Restated Loan and Security Agreement dated as of April 30, 2004, as
amended (“Loan Agreement”) among United Natural Foods,
Inc. (“UNF”), United Natural Foods West, Inc. (f/k/a/
Mountain People’s Warehouse Incorporated)
(“UNFW”), United Northeast LLC (“UNLLC”)
and United Natural Trading Co. (“UNT” and together with
UNF, UNFW and UNLLC, collectively, the “Borrowers”)
each of the Lenders identified under the caption
“Lenders” on the signature pages thereto and Bank of
America, N.A. (as successor to Fleet Capital Corporation) as
administrative and collateral agent for the Lenders (the
“Agent”), Citizens Bank of Massachusetts (the
“Syndication Agent”), U.S. Bank National Association
(the “Documentation Agent”) and Fleet Capital
Corporation (the “Arranger”). Capitalized terms not
defined herein shall have the meanings ascribed thereto in the Loan
Agreement.
Background
. Borrowers have requested that the
Lenders agree to amend the Applicable Libor Margin and Applicable
Base Rate Margin and the Lenders have agreed thereto, subject to
the terms and conditions set forth herein.
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Accordingly, the parties hereto
hereby agree as follows:
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a. Effective
on January 1, 2006, the definition of “ Applicable Base
Rate Margin; Applicable LIBOR Margin ” in Appendix A to
the Loan Agreement is deleted in its entirety and replaced with the
following:
“ Applicable Base Rate
Margin; Applicable LIBOR Margin – the Applicable LIBOR
Margin and Applicable Base Rate Margin shall be as
follows:
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Applicable LIBOR
Margin
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Applicable Base Rate
Margin
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.75%
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0.00%
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2.
Representations and Warranties . The Borrowers hereby
represent and warrant as follows:
a.
Power, Authority, Etc. The Borrowers have the power and
authority for the making and performing of this Second Amendment.
This Second Amendment has been duly executed and delivered by or on
behalf of the Borrowers pursuant to authority legally adequate
therefor, and this Second Amendment is in full force and effect and
is a legal, valid and binding obligation of the Borrowers
enforceable in accordance with its terms subject to applicable
bankruptcy, reorganization, insolvency, moratorium or similar laws
and equitable principles affecting the enforcement of
creditors’ rights generally.
b.
Incorporation of Representations and Warranties . The
representations and warranties of the Borrowers contained in the
Loan Agreement, after giving effect to the amendments thereto
contemplated hereby, and except for any changes resulting only from
the passage of time which do not otherwise constitute a
Default