Exhibit 10.59
EXECUTION COPY
AMENDMENT NO. 9 TO CREDIT AGREEMENT
AMENDMENT dated as of January 10, 2001 (the "AMENDMENT") to the
Revolving Credit and Guaranty Agreement dated as of May 4, 2000 and amended as
of May 15, 2000, June 1, 2000, August 31, 2000, October 6, 2000, October 30,
2000, November 30, 2000 and December 29, 2000 (as so amended, the "CREDIT
AGREEMENT") among XXXXXXX INDUSTRIES INC. (the "BORROWER"), XXXXXXX XXXXXXX INC.
(the "GUARANTOR"), the LENDERS party thereto (the "DIP LENDERS") and THE CHASE
MANHATTAN BANK, as Agent (the "AGENT").
WITNESSETH:
WHEREAS, the parties to the Credit Agreement have agreed to amend the
Credit Agreement as provided for herein to;
NOW, THEREFORE, the parties hereto agree as follows:
SECTION 1. DEFINITIONS; REFERENCES. Unless otherwise specifically
defined herein, each term used herein that is defined in the Credit Agreement
shall have the meaning assigned to such term in the Credit Agreement. Each
reference to "hereof", "hereunder", "herein" and "hereby" and each other similar
reference and each reference to "this Agreement" and each other similar
reference contained in the Credit Agreement shall, from and after the date of
effectiveness of this Amendment, refer to the Credit Agreement as amended
hereby.
SECTION 2. MANDATORY PREPAYMENT, COMMITMENT REDUCTION AND
TERMINATION. Subsection (i)(B) of the final sentence of Section 2.13(a) of the
Credit Agreement is hereby amended by replacing the phrase "seventy (70)"
therein with the phrase "one hundred seven (107)".
SECTION 3. EFFECTIVENESS. This Amendment shall become effective if
and only if the Agent shall have received duly executed counterparts hereof
signed by each of the Borrower, the Agent, the Guarantor and the Required DIP
Lenders (or, in the case of any party as to which an executed counterpart shall
not have been received, the Agent shall have received telegraphic, telex or
other written confirmation from such party of execution of a counterpart hereof
by such party).
SECTION 4. GOVERNING LAW. This Amendment shall be governed by and
construed in accordance with the laws of the State of New York.
SECTION 5. COUNTERPARTS. This Amendment may be signed in any number
of counterparts, each of which shall be an original, with the same effect as if
the signatures thereto and hereto were upon the same instrument.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed by their respective authorized officers as of the day and year
first above written.
XXXXXXX INDUSTRIES INC.
By:____________________________
Name:
Title:
XXXXXXX XXXXXXX INC.
By:____________________________
Name:
Title:
THE CHASE MANHATTAN BANK,
as Agent and as DIP Lender
By:____________________________
Name:
Title:
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HIBERNIA NATIONAL BANK
By:____________________________
Name:
Title:
WACHOVIA BANK, N.A.
By:____________________________
Name:
Title:
THE BANK OF NOVA SCOTIA
By:____________________________
Name:
Title:
PERRY CAPITAL LLC
By:____________________________
Name:
Title:
4
AMSOUTH BANK
By:____________________________
Name:
Title:
BHF (USA) CAPITAL CORPORATION
By:____________________________
Name:
Title:
By:____________________________
Name:
Title:
COMERICA BANK
By:____________________________
Name:
Title:
NATIONAL BANK OF CANADA
By:____________________________
Name:
Title:
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