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EXHIBIT 10.19.12 SECOND AMENDMENT AND WAIVER TO AMENDED AND RESTATED CREDIT AGREEMENT

Waiver Agreement

EXHIBIT 10.19.12   
SECOND AMENDMENT AND WAIVER TO AMENDED AND RESTATED CREDIT AGREEMENT | Document Parties: DOE RUN RESOURCES CORP | THE RENCO GROUP, INC You are currently viewing:
This Waiver Agreement involves

DOE RUN RESOURCES CORP | THE RENCO GROUP, INC

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Title: EXHIBIT 10.19.12 SECOND AMENDMENT AND WAIVER TO AMENDED AND RESTATED CREDIT AGREEMENT
Governing Law: New York     Date: 6/14/2005

EXHIBIT 10.19.12   
SECOND AMENDMENT AND WAIVER TO AMENDED AND RESTATED CREDIT AGREEMENT, Parties: doe run resources corp , the renco group  inc
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EXHIBIT 10.19.12

 

SECOND AMENDMENT AND WAIVER TO
AMENDED AND RESTATED CREDIT AGREEMENT

 

SECOND AMENDMENT AND WAIVER, dated as of April 29, 2005 (this “ Amendment and Waiver ”), in respect of the Amended and Restated Credit Agreement, dated as of April 30, 2004 (as amended, supplemented or otherwise modified prior to the date hereof, the “ Existing Credit Agreement ”; as amended hereby and as further amended, restated, supplemented or otherwise modified and in effect from time to time, the “ Credit Agreement ”) among THE DOE RUN RESOURCES CORPORATION, a New York corporation (the “ Borrower ”), the financial institutions from time to time parties thereto (the “ Lenders ”), and THE RENCO GROUP, INC., a New York corporation, as agent for the Lenders (in such capacity, the “ Agent ”).

 

WHEREAS, the Borrower has requested the Agent and the Lenders to waive the Borrower’s failure to comply with and to amend the Capital Expenditure restrictions of Section 6.5.6 with respect to the Borrower’s current fiscal year;

 

WHEREAS, the Borrower has requested that the amount of the 2004 Excess Cash Flow Prepayment described in the Waiver to Amended and Restated Credit Agreement, dated as of February 25, 2005, among the Borrower, the Agent and the Lenders (the “ February 2005 Waiver ”), be increased to $12,673,000; and

 

WHEREAS, the Agent and Lenders are willing to agree to such amendment and waivers, but only on the terms and subject to the conditions set forth in this Amendment and Waiver;

 

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

 

1.                                        Defined Terms .  Unless otherwise defined herein, terms defined in the Existing Credit Agreement are used herein as therein defined.

 

2.                                        Amendments to Existing Credit Agreement .  The Existing Credit Agreement is hereby amended as follows:

 

(a)                                   Section 1 is hereby amended by inserting the following new definitions to read as follows:

 

““ Second Amendment ” means the Second Amendment and Waiver, dated as of April 29, 2005, to this Agreement.”

 

““ Second Amendment Effective Date ”: means the “Effective Date” as defined in the Second Amendment.”

 



 

(b)                                  Section 6.5.6 is hereby amended by (i) inserting the following new sentence in the first paragraph thereof immediately following the second sentence of such paragraph:

 

“The aggregate amount of Capital Expenditures made by the Company and its Domestic Subsidiaries in the fiscal year of the Company ending on October 31, 2005 shall not exceed $20,916,000.”;

 

and (ii) by deleting the date “November 1, 2004” in the last sentence of the first paragraph thereof and substituting in lieu thereof the date “November 1, 2005”.

 

3.                                        Modification to February 2005 Waiver .  The Agent and each Lender hereby agree that the 2004 Excess Cash Flow Prepayment amount of $11,078,000 set forth in the February 2005 Waiver shall be amended, with effect from the Effective Date referred to in the February 2005 Waiver, to be $12,673,000.

 

4.                                        Waiver .  The Agent and each Lender hereby waive the requirement set forth in Section 6.5.6 of the Existing Credit Agreement with respect to the Borrower’s fiscal year commencing on November 1, 2004; provided , that such waiver is give


 
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