THIRD AMENDMENT TO FIRST LIEN SENIOR SECURED PROMISSORY NOTE
Exhibit 10.2(d)
EXECUTION VERSION
THIRD AMENDMENT TO FIRST LIEN SENIOR SECURED PROMISSORY NOTE
This THIRD AMENDMENT TO FIRST LIEN SENIOR SECURED PROMISSORY NOTE, dated as of March 31, 2008 (“Agreement”), by and among NEP EQUIPMENT FINANCE CO., LLC, a Delaware limited liability company (“Borrower”), the financial institutions party hereto as Lenders and HSH NORDBANK AG, NEW YORK BRANCH, as the Collateral Agent and the Administrative Agent for the Lenders (in such capacities, together with its successors in such capacities, the “Agent”).
RECITALS
A. Lenders, Agent, and Borrower (collectively, the “Parties”) entered into the First Lien Senior Secured Promissory Note, dated as of October 26, 2007 (as amended by that certain First Amendment to First Lien Senior Secured Promissory Note, dated as of February 13, 2008, and as amended by that certain Second Amendment to First Lien Senior Secured Promissory Note, dated as of March 27, 2008, and as may be further amended, supplemented or modified from time to time, the “Turbine Supply Loan Agreement”; capitalized terms used but not defined in this Agreement have the meanings ascribed to them in the Turbine Supply Loan Agreement).
B. The Parties wish to provide for an amendment in respect of certain provisions of the Turbine Supply Loan Agreement, all on the terms and conditions set forth in this Agreement.
NOW, THEREFORE, in consideration of the premises set forth above, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties hereto hereby agree as follows:
1. CERTAIN AMENDMENTS
1.1 The Parties hereby agree to amend the Turbine Supply Loan Agreement as follows:
1.1.1 The definition of “Applicable Margin” set forth in the Turbine Supply Loan Agreement is hereby deleted in its entirety and replaced with the following:
“ “Applicable Margin” shall mean (a) with respect to any LIBO Rate Loans, 2.75% per annum and (b) with respect to any Base Rate Loans, 1.75% per annum.”
1.1.2 The reference to “0.75%” in the first sentence of Section 2(h)(ii) of the Turbine Supply Loan Agreement is hereby deleted in its entirety and replaced with “1.375%”
1.2 The foregoing amendments are limited in effect and, except as specifically set forth in this Section 1, shall apply only as expressly set forth in this Agreement and shall not constitute a waiver, modification or amendment of any other provision of the Turbine Supply Loan Agreement or any other Basic Document. The Turbine Supply Loan Agreement is modified only by the express provisions of this Agreement, and shall as so modified remain in full force and effect and is hereby ratified and confirmed by the Borrower in all respects.
2. MISCELLANEOUS
2.1 Effectiveness. This Agreement shall become effective upon the execution and delivery thereof by the Agent, the Majority Lenders and the Borrower.
2.2 Headings Descriptive. The headings of the several Sections and subsections of this Agreement are inserted for convenience only and shall not in any way affect the meaning or construction of any provision of this Agreement.
2.3 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
2.4 Counterparts. This Agreement may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument.
2.5 Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (EXCLUDING ANY CONFLICT-OF-LAW OR CHOICE-OF-LAW RULES WHICH MIGHT LEAD TO THE APPLICATION OF THE INTERNAL LAWS OF ANOTHER JURISDICTION).
[Signature page follows]
IN WITNESS WHEREOF, the Parties to this Agreement have caused this Agreement to be executed by their duly authorized representatives as of the day and year first above written.
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NEP EQUIPMENT FINANCE CO., LLC, a |
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By: |
/s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ |
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Name: ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ |
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Title: Vice President |
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HSH NORDBANK AG, NEW YORK BRANCH, as Administrative Agent, Collateral Agent, Syndication Agent, Bookrunner, Mandated Lead Arranger and a Lender |
KEYBANK NATIONAL ASSOCIATION, as |
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By: |
/s/ ▇▇▇▇ ▇. ▇▇▇▇ |
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Name: ▇▇▇▇ ▇. ▇▇▇▇ |
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Title: Vice President |
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By: |
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇ |
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Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇ |
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Title: Senior Vice President |
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By: |
/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ |
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Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ |
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Title: Assistant Vice President |
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DEXIA CRÉDIT LOCAL, NEW YORK |
ALLIED IRISH BANKS, P.L.C., |
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By: |
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ |
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Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ |
By: |
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ |
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Title: General Manager |
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ |
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Title: Senior Vice President |
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By: |
/s/ ▇▇▇▇▇ ▇▇▇▇▇ |
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Name: ▇▇▇▇▇ ▇▇▇▇▇ |
By: |
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇ |
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Title: Director |
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇ |
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Title: Vice President |
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COMMERZBANK AG, NEW YORK AND GRAND CAYMAN BRANCHES, as a Lender
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By: |
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
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Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
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Title: Senior Vice President |
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By: |
/s/ ▇▇▇▇▇ ▇▇▇▇▇ |
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Name: ▇▇▇▇▇ ▇▇▇▇▇ |
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Title: Assistant Vice President |
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THE PRUDENTIAL INSURANCE COMPANY OF AMERICA, as a Lender
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By: |
/s/ ▇▇▇ ▇. ▇▇▇▇ |
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Name: ▇▇▇ ▇. ▇▇▇▇ |
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Title: Vice President |
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