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FIRST AMENDMENT, WAIVER AND CONSENT TO CREDIT AGREEMENT

Waiver Agreement

FIRST AMENDMENT, WAIVER AND CONSENT TO CREDIT AGREEMENT | Document Parties: WORLDSPAN TECHNOLOGIES INC | WORLDSPAN, L.P | LEHMAN COMMERCIAL PAPER INC | WS HOLDINGS LLC You are currently viewing:
This Waiver Agreement involves

WORLDSPAN TECHNOLOGIES INC | WORLDSPAN, L.P | LEHMAN COMMERCIAL PAPER INC | WS HOLDINGS LLC

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Title: FIRST AMENDMENT, WAIVER AND CONSENT TO CREDIT AGREEMENT
Governing Law: New York     Date: 3/28/2005

FIRST AMENDMENT, WAIVER AND CONSENT TO CREDIT AGREEMENT, Parties: worldspan technologies inc , worldspan  l.p , lehman commercial paper inc , ws holdings llc
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Exhibit 10.84

 

FIRST AMENDMENT, WAIVER AND CONSENT TO CREDIT AGREEMENT
Dated as of December 23, 2004

This FIRST AMENDMENT, WAIVER AND CONSENT (this “ Amendment ”) is among WORLDSPAN TECHNOLOGIES INC. (formerly known as Travel Transaction Processing Corporation), a Delaware corporation (“ WTI ”), WS HOLDINGS LLC , a Delaware limited liability company (“ LP ”), and WORLDSPAN, L.P. , a Delaware limited partnership (the “ Borrower ”), and LEHMAN COMMERCIAL PAPER INC. , as administrative agent for the Lenders (in such capacity, the “ Administrative Agent ”).

PRELIMINARY STATEMENTS

A.            WTI, LP, the Borrower, the Lenders and the Administrative Agent have entered into that certain Credit Agreement, dated as of June 30, 2003, by and among WTI, LP, the Borrower, the lenders from time to time party thereto (the “ Lenders ”), Lehman Brothers Inc., as sole and exclusive advisor, joint lead arranger and joint book-runner, Deutsche Bank Securities Inc., as syndication agent, joint lead arranger and joint book-runner, JPMorgan Chase Bank, Citicorp North America, Inc. and Dymas Funding Company, LLC, as documentation agents, and the Administrative Agent (the “ Credit Agreement ”; capitalized terms used but not otherwise defined herein are used with the meanings given such terms in the Credit Agreement).

B.            WTI, LP and the Borrower has requested that the Administrative Agent and the requisite Lenders enter into this amendment, waiver and consent, as set forth herein, and the Administrative Agent and the requisite Lenders are willing to enter into such amendment, waiver and consent on the terms and conditions stated below.

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

1.             WAIVER AND CONSENT.  Subject to the satisfaction of the conditions set forth in Section 3 hereof, the requisite Lenders hereby

(a)           waive Section 7.9 of the Credit Agreement to the limited extent necessary to permit the repurchase, repayment or redemption of up to $24,000,000 worth of Senior Notes and up to $37,000,000 worth of Seller Notes, in each case, from cash on and on terms and conditions and pursuant to documentation satisfactory to the Administrative Agent; and

(b)           consent to (i) the amendment of the Delta FASA substantially in the form attached hereto as Annex II (the “ Delta FASA Amendment ”) and any further amendment thereof that may be required by the terms of the Delta FASA to conform certain economic terms to the terms of the Northwest FASA Amendment (as defined below) ,[**] (such amendment when effective, the “Northwest FASA Amendment”).

2.             AMENDMENTS TO CREDIT AGREEMENT.  Subject to the satisfaction of the conditions set forth in Section 3 hereof, the Credit Agreement is amended as follows:

(a)           Section 1.1 of the Credit Agreement is hereby amended by inserting therein, in the appropriate place to maintain alphabetical order, the following new definition:

[**] Confidential treatment requested for redacted portion; redacted portion has been filed separately with the Commission.



 

First Amendment ”:  the First Amendment, Waiver and Consent to this Agreement, dated as of December 23, 2004.

(b)           Section 7.9 of the Credit Agreement is hereby amended by deleting the word “Subordinate” in the proviso at the end of clause (a)(ii) thereof.

(c)           Section 2.12(c) of the Credit Agreement is hereby amended by inserting the following proviso at the end thereof:

“; provided however, that notwithstanding the foregoing, on the Excess Cash Flow Application Date the Borrower may exclude up to $61,000,000 (in the aggregate for the term of this agreement) of the amount payable pursuant to this Section 2.12(c) (it being understood that such $61,000,000 deduction will be made from the amount which is the result of multiplying Excess Cash Flow by the ECF Percentage) pursuant to a written notice to the Administrative Agent stating that the Borrower intends to use such amounts to prepay, repurchase, redeem Senior Notes or Seller Notes as permitted by the First Amendment; provided further that any such amounts not used to make such prepayment, repurchase or redemption by the December 31 following such Excess Cash Flow Application Date, shall be applied toward the prepayment, repurchase or redemption of the Term Loans and the reduction of the Revolving Credit Commitments as set forth in Section 2.12(d) on such December 31 st .

3.             CONDITIONS TO EFFECTIVENESS.  The effectiveness of the waiver contained in Section 1 of this Amendment and of the amendment contained in Section 2 of this Amendment are conditioned upon satisfaction of the following conditions precedent (the date on which all such conditions precedent have been satisfied being referred to herein as the &#8220


 
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