Exhibit 10.1

 

EXECUTION COPY

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

 

THIS AMENDMENT NO. 3 TO CREDIT AGREEMENT (this “Agreement”), dated as of
November 14, 2005, is made by and among Great Lakes Dredge & Dock Corporation
(the “Borrower”), GLDD Acquisitions Corp. (“Holdings”), the other “Loan Parties”
from time to time party to the Credit Agreement referred to and defined below
(together with Holdings and the Borrower, the “Loan Parties”), the financial
institutions from time to time party to such Credit Agreement referred to and
defined below (collectively, the “Lenders”) and Bank of America, N.A., as issuer
of the Letters of Credit (in such capacity, the “Issuing Lender”) and as
representative of the Lenders (in such capacity, the “Administrative Agent”). 
Capitalized terms used herein and not otherwise defined herein shall have the
meanings ascribed to such terms in the Credit Agreement referred to and defined
below.

W I T N E S S E T H:

 

WHEREAS, the Borrower, the other Loan Parties, the Lenders, the Administrative
Agent and the Issuing Lender have entered into that certain Credit Agreement
dated as of December 22, 2003 (as amended, supplemented or otherwise modified
prior to the date hereof, the “Credit Agreement”), pursuant to which, among
other things, the Lenders have agreed to provide, subject to the terms and
conditions contained therein, certain loans and other financial accommodations
to the Borrower;

 

WHEREAS, the Borrower has informed the Lenders and the Administrative Agent that
the Borrower desires to (i) repurchase all of the capital stock of North
American Site Developers, Inc., a Massachusetts corporation (“NASDI Inc.”) owned
by Christopher A. Berardi (“Berardi”) for $5,000, (ii) convert approximately
$28,000,000 of intercompany indebtedness owing by NASDI Inc. to the Borrower
into capital stock of NASDI Inc., (iii) contribute all of the issued and
outstanding shares of capital stock of NASDI Inc. to NASDI Holdings Corporation,
a newly formed Delaware corporation and wholly-owned Subsidiary of the Borrower,
(iv) convert NASDI Inc. into a Delaware limited liability company under
applicable law to become North American Site Developers, LLC, a Delaware limited
liability company (“NASDI LLC”) and (v) cause Berardi (or an entity controlled
by Berardi) to be admitted as a member of NASDI LLC and the issuance to Berardi
of a 35% non-voting profits interest in NASDI LLC (the transactions contemplated
in clauses (i) through (v) are collectively referred to herein as the “NASDI
Restructuring”);

 

WHEREAS, the Credit Agreement, as in effect before giving effect to the terms of
this Agreement, contains certain covenants and other terms that may prohibit the
consummation of certain aspects of the NASDI Restructuring; and

 

WHEREAS, the Borrower has requested that the Lenders amend the Credit Agreement
to permit those aspects of the NASDI Restructuring that may otherwise be
prohibited by the Credit Agreement and to make certain other modifications in
connection with the NASDI Restructuring, and subject to the terms and conditions
of this Agreement the parties have agreed to so amend the Credit Agreement;

 

NOW, THEREFORE, in consideration of the foregoing premises, the terms and
conditions stated herein and other valuable consideration, the receipt and
sufficiency of which

 

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are hereby acknowledged by the Borrower, the other Loan Parties, the Lenders and
the Administrative Agent, such parties hereby agree as follows:

 

1.                                       AMENDMENTS TO CREDIT AGREEMENT. 
SUBJECT TO THE SATISFACTION OF EACH OF THE CONDITIONS SET FORTH IN SECTION 2 OF
THIS AGREEMENT, THE CREDIT AGREEMENT IS HEREBY AMENDED AS FOLLOWS:

 

(A)                                  SECTION 6.1(A) OF THE CREDIT AGREEMENT IS
HEREBY AMENDED TO INSERT THE FOLLOWING TEXT AT THE BEGINNING OF SUCH SECTION:

 

Except as otherwise permitted under Sections 6.2(a)(i) and 6.2(g),

 

(B)                                 SECTION 6.2(A)(I) OF THE CREDIT AGREEMENT IS
HEREBY AMENDED TO DELETE SUCH SECTION IN ITS ENTIRETY AND TO REPLACE SUCH
SECTION WITH THE FOLLOWING SECTION:

 

(i)                                  (A) any Subsidiary of the Borrower may
liquidate or dissolve voluntarily into the Borrower or any Subsidiary Guarantor
(provided that NASDI may liquidate or dissolve voluntarily and its assets and
properties distributed in accordance with NASDI’s limited liability company
agreement and other applicable law in connection with any transaction or series
of related transactions permitted under Section 6.2(g)), (B) any Subsidiary of
the Borrower may consolidate with or merge into or with the Borrower or any
Subsidiary Guarantor, provided, in the case of a merger involving the Borrower,
the Borrower shall be the continuing Person, and in the case of a merger not
involving the Borrower, a  Subsidiary Guarantor shall be the continuing Person,
(C) the Borrower may consolidate with or merge with any Subsidiary Guarantor,
provided, in the case of a merger, the Borrower shall be the continuing or
surviving Person, (D) any Subsidiary of the Borrower may consolidate with or
merge into or with any Person pursuant to a transaction or series of related
transactions permitted under Section 6.2(g), (E) the assets or Capital Stock of
the Borrower or any of the Borrower’s Subsidiaries may be purchased or otherwise
acquired by the Borrower or any Subsidiary Guarantor, and (F) any Subsidiary
that is not a Subsidiary Guarantor may liquidate or dissolve voluntarily into,
or consolidate with or merge into or with, and the assets or Capital Stock of
such Subsidiary may be purchased or otherwise acquired by, any other Subsidiary
of the Borrower that is not a Subsidiary Guarantor;

 

(C)                                  SECTION 6.2(D) OF THE CREDIT AGREEMENT IS
HEREBY AMENDED TO ADD THE FOLLOWING CLAUSE (IV) TO THE END OF SUCH SECTION:

 

                                                OR (IV) THE NASDI RESTRUCTURING.

 

(D)                                 SECTION 6.2(G) OF THE CREDIT AGREEMENT IS
HEREBY AMENDED TO ADD THE FOLLOWING CLAUSE (IV) TO THE END OF SUCH SECTION:

 

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OR  (V) CONSISTS OF A THE ISSUANCE BY NASDI OF NO MORE THAN 35% OF THE
NON-VOTING PROFITS INTEREST OF NASDI TO BERARDI IN CONNECTION WITH THE NASDI
RESTRUCTURING.

 

(E)                                  SECTION 7.1(J)(II) OF THE CREDIT AGREEMENT
IS HEREBY AMENDED TO DELETE SUCH SECTION IN ITS ENTIRETY AND TO REPLACE SUCH
SECTION WITH THE FOLLOWING SECTION:

 

(ii)                              except as otherwise permitted under Sections
6.2(a)(i) and 6.2(g), the failure of the Borrower (A) to own (directly or
indirectly), free and clear of all Liens or other encumbrances (other than any
Lien or encumbrance created by the Loan Documents), 100% of the outstanding
shares of each class of Capital Stock of any Subsidiary Guarantor on a fully
diluted basis, or, in the case of NASDI, at least 65% of the outstanding equity
capital, or 100% of the outstanding Voting Stock, of NASDI, or (B) to have the
power (directly or indirectly) to direct or cause the direction of the
management or policies of any such Subsidiary Guarantor (subject, in the case of
NASDI, to the terms of NASDI’s limited liability company agreement and other
organizational documents); or

 

(F)                                    SCHEDULE I OF THE CREDIT AGREEMENT IS
HEREBY AMENDED AS FOLLOWS:

 

(I)             THE DEFINITION OF “EBITDA” IS HEREBY AMENDED TO ADD THE
FOLLOWING NEW CLAUSE (B)(II) TO THE FIRST SENTENCE OF SUCH DEFINITION
IMMEDIATELY FOLLOWING CLAUSE (B)(I) AND PRIOR TO CLAUSE (C) THEREOF:

 

AND  (II) NET INCOME ATTRIBUTABLE TO THE MINORITY EQUITY INTEREST IN NASDI THAT
IS NOT OWNED, DIRECTLY OR INDIRECTLY, BY THE BORROWER TO THE EXTENT THE NET
INCOME IN RESPECT OF SUCH MINORITY EQUITY INTEREST IS DISTRIBUTED TO THE HOLDER
OR HOLDERS OF SUCH MINORITY EQUITY INTEREST.

 

(II)          THE DEFINITION OF “NASDI” IS HEREBY AMENDED TO DELETE SUCH
DEFINITION IN ITS ENTIRETY AND TO REPLACE SUCH DEFINITION WITH THE FOLLOWING
DEFINITION:

 

“NASDI” MEANS NORTH AMERICAN SITE DEVELOPERS, INC., A MASSACHUSETTS CORPORATION,
AND, UPON THE CONSUMMATION OF THE NASDI RESTRUCTURING, MEANS NORTH AMERICAN SITE
DEVELOPERS, LLC, A DELAWARE LIMITED LIABILITY COMPANY.

 

(III)          THE DEFINITION OF “NET CASH PROCEEDS” IS HEREBY AMENDED TO ADD
THE FOLLOWING PROVISO TO THE END OF SUCH DEFINITION:

 

provided, however, that Net Cash Proceeds shall exclude any cash proceeds
received by the Borrower or any of its Subsidiaries from the sale of any assets
or equity interests (including, without limitation, by way of merger,
consolidation, reorganization or similar transaction) of NASDI or NASDI Holdings
to the extent that (a) the Borrower or such Subsidiary is required to (i)
distribute such proceeds as an equity distribution to the

 

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holders of NASDI’s equity interests other than the Borrower or any of its
Subsidiaries (including, without limitation, distributions of available cash
flow and liquidating distributions) pursuant to NASDI’s limited liability
company agreement or other organizational documents or (ii) pay such proceeds to
Christopher Berardi (or his heirs, executor or assigns) as a bonus pursuant to
his employment agreement as then in effect and (b) the aggregate amount so
excluded does not exceed 35% of the gross amount of such cash proceeds
(including the amount of cash subsequently received in respect of any non-cash
proceeds) received by the Borrower and its Subsidiaries from such sale or
similar transaction.

 

(IV)  THE FOLLOWING DEFINITIONS OF “BERARDI”, “NASDI HOLDINGS” AND “NASDI
RESTRUCTURING” ARE HEREBY ADDED IN THE APPROPRIATE ALPHABETICAL LOCATIONS:

 

                                               
                                                “BERARDI” MEANS CHRISTOPHER A.
BERARDI OR AN ENTITY CONTROLLED BY CHRISTOPHER A. BERARDI, AND INCLUDES ANY
HEIRS, EXECUTORS AND PERMITTED ASSIGNS OR TRANSFEREES.

 

                                                                                               
“NASDI HOLDINGS” MEANS NASDI HOLDINGS CORPORATION, A DELAWARE CORPORATION.

 

“NASDI RESTRUCTURING” MEANS, COLLECTIVELY, (I) THE BORROWER’S REPURCHASE ALL OF
THE CAPITAL STOCK OF NORTH AMERICAN SITE DEVELOPERS, INC. OWNED BY BERARDI FOR
$5,000, (II) THE CONVERSION OF APPROXIMATELY $28,000,000 OF INTERCOMPANY
INDEBTEDNESS OWING BY NORTH AMERICAN SITE DEVELOPERS, INC. TO THE BORROWER INTO
CAPITAL STOCK OF NORTH AMERICAN SITE DEVELOPERS, INC., (III) THE BORROWER’S
CONTRIBUTION OF ALL OF THE ISSUED AND OUTSTANDING SHARES OF CAPITAL STOCK OF
NORTH AMERICAN SITE DEVELOPERS, INC., A MASSACHUSETTS CORPORATION, TO NASDI
HOLDINGS, (IV) THE CONVERSION OF NORTH AMERICAN SITE DEVELOPERS, INC., A
MASSACHUSETTS CORPORATION, INTO NORTH AMERICAN SITE DEVELOPERS, LLC, A DELAWARE
LIMITED LIABILITY COMPANY AND (V) THE ADMISSION OF BERARDI AS A MEMBER OF NASDI
AND THE ISSUANCE TO BERARDI OF A 35% NON-VOTING PROFITS INTEREST IN NASDI.

 

2.                                       EFFECTIVENESS OF THIS AGREEMENT;
CONDITIONS PRECEDENT.  THE PROVISIONS OF SECTION 1 OF THIS AGREEMENT SHALL BE
DEEMED TO HAVE BECOME EFFECTIVE AS OF THE DATE FIRST WRITTEN ABOVE (THE
“EFFECTIVE DATE”), BUT SUCH EFFECTIVENESS SHALL BE EXPRESSLY CONDITIONED UPON
THE ADMINISTRATIVE AGENT’S RECEIPT OF EACH OF THE FOLLOWING, IN EACH CASE IN
FORM, SUBSTANCE AND SCOPE REASONABLY ACCEPTABLE TO THE ADMINISTRATIVE AGENT:

 

(A)                                  EXECUTED COUNTERPARTS OF THIS AGREEMENT
EXECUTED BY AUTHORIZED OFFICERS OF THE BORROWER AND THE OTHER LOAN PARTIES, AND
BY DULY AUTHORIZED OFFICERS OF THE REQUIRED PREPAYMENT LENDERS; AND

 

(B)                                 PAYMENT IN FULL FROM THE BORROWER, IN
IMMEDIATELY AVAILABLE FUNDS, OF AN AMENDMENT FEE PAYABLE TO EACH LENDER
(COLLECTIVELY, THE “CONSENTING LENDERS”) EXECUTING AND DELIVERING A COUNTERPART
SIGNATURE PAGE TO THIS AGREEMENT ON OR BEFORE 1:00 (CHICAGO, ILLINOIS

 

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TIME) ON MONDAY NOVEMBER 14, 2005 IN AN AMOUNT EQUAL TO 0.075% OF THE SUM OF
SUCH LENDER’S REVOLVING COMMITMENT, PLUS THE OUTSTANDING PRINCIPAL BALANCE OF
SUCH LENDER’S TRANCHE B TERM LOAN (THE “AMENDMENT FEE”).

 

3.                                       REPRESENTATIONS, WARRANTIES AND
COVENANTS.

 

(A)                                  THE BORROWER AND EACH OTHER LOAN PARTY
HEREBY REPRESENTS AND WARRANTS THAT THIS AGREEMENT AND THE CREDIT AGREEMENT AS
AMENDED HEREBY (COLLECTIVELY, THE “AMENDMENT DOCUMENTS”) CONSTITUTE LEGAL, VALID
AND BINDING OBLIGATIONS OF THE BORROWER AND THE OTHER LOAN PARTIES ENFORCEABLE
AGAINST THE BORROWER AND THE OTHER LOAN PARTIES IN ACCORDANCE WITH THEIR TERMS.

 

(B)                                 THE BORROWER AND EACH OTHER LOAN PARTY
HEREBY REPRESENTS AND WARRANTS THAT (I) ITS EXECUTION, DELIVERY AND PERFORMANCE
OF THIS AGREEMENT AND THE CREDIT AGREEMENT HAVE BEEN DULY AUTHORIZED BY ALL
PROPER CORPORATE OR LIMITED LIABILITY COMPANY ACTION, DO NOT VIOLATE ANY
PROVISION OF ITS ORGANIZATIONAL DOCUMENTS, WILL NOT VIOLATE ANY LAW, REGULATION,
COURT ORDER OR WRIT APPLICABLE TO IT, AND WILL NOT REQUIRE THE APPROVAL OR
CONSENT OF ANY GOVERNMENTAL AGENCY, OR OF ANY OTHER THIRD PARTY UNDER THE TERMS
OF ANY CONTRACT OR AGREEMENT TO WHICH IT OR ANY OF ITS AFFILIATES IS BOUND
(WHICH HAS NOT BEEN PREVIOUSLY OBTAINED), INCLUDING WITHOUT LIMITATION, THE NOTE
INDENTURE AND THE BONDING AGREEMENT AND (II) AFTER GIVING EFFECT TO THE
AMENDMENTS CONTEMPLATED BY SECTION 1 OF THIS AGREEMENT, ALL OBLIGATIONS WILL
CONSTITUTE, AND IF THE FULL AMOUNT OF THE REVOLVING COMMITMENT WERE UTILIZED BY
THE BORROWER ALL OBLIGATIONS ARISING WITH RESPECT THERETO WOULD CONSTITUTE,
“PERMITTED DEBT” UNDER AND AS DEFINED IN SECTION 4.09 OF THE NOTE INDENTURE.

 

(C)                                  THE BORROWER AND EACH OTHER LOAN PARTY
HEREBY REPRESENTS AND WARRANTS THAT, BOTH BEFORE AND AFTER GIVING EFFECT TO THE
PROVISIONS OF THIS AGREEMENT, (I) NO DEFAULT OR EVENT OF DEFAULT HAS OCCURRED
AND IS CONTINUING OR WILL HAVE OCCURRED AND BE CONTINUING AND (II) ALL OF THE
REPRESENTATIONS AND WARRANTIES OF THE BORROWER AND EACH OTHER LOAN PARTY
CONTAINED IN THE CREDIT AGREEMENT AND IN EACH OTHER LOAN DOCUMENT (OTHER THAN
REPRESENTATIONS AND WARRANTIES WHICH, IN ACCORDANCE WITH THEIR EXPRESS TERMS,
ARE MADE ONLY AS OF AN EARLIER SPECIFIED DATE) ARE, AND WILL BE, TRUE AND
CORRECT AS OF THE DATE OF ITS EXECUTION AND DELIVERY HEREOF OR THEREOF IN ALL
MATERIAL RESPECTS AS THOUGH MADE ON AND AS OF SUCH DATE.

 

(D)                                 THE BORROWER HEREBY AGREES TO PAY THE
AMENDMENT FEE TO THE ADMINISTRATIVE AGENT FOR THE BENEFIT OF THE CONSENTING
LENDERS, UPON THE BORROWER’S EXECUTION AND DELIVERY HEREOF.

 

4.                                       REAFFIRMATION, RATIFICATION AND
ACKNOWLEDGMENT.  THE BORROWER AND EACH OTHER LOAN PARTY HEREBY (A) RATIFIES AND
REAFFIRMS ALL OF ITS PAYMENT AND PERFORMANCE OBLIGATIONS, CONTINGENT OR
OTHERWISE, AND EACH GRANT OF SECURITY INTERESTS AND LIENS IN FAVOR OF THE
ADMINISTRATIVE AGENT, UNDER EACH LOAN DOCUMENT TO WHICH IT IS A PARTY, (B)
AGREES AND ACKNOWLEDGES THAT SUCH RATIFICATION AND REAFFIRMATION IS NOT A
CONDITION TO THE CONTINUED EFFECTIVENESS OF SUCH LOAN DOCUMENTS AND (C) AGREES
THAT NEITHER SUCH RATIFICATION AND REAFFIRMATION, NOR THE ADMINISTRATIVE
AGENT’S, OR ANY LENDER’S SOLICITATION OF SUCH RATIFICATION AND REAFFIRMATION,
CONSTITUTES A COURSE OF DEALING GIVING RISE TO ANY OBLIGATION OR CONDITION
REQUIRING A SIMILAR OR ANY OTHER RATIFICATION OR REAFFIRMATION FROM THE BORROWER
OR SUCH OTHER

 

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LOAN PARTIES WITH RESPECT TO ANY SUBSEQUENT MODIFICATIONS TO THE CREDIT
AGREEMENT OR THE OTHER LOAN DOCUMENTS.  AS MODIFIED HEREBY, THE CREDIT AGREEMENT
IS IN ALL RESPECTS RATIFIED AND CONFIRMED, AND THE CREDIT AGREEMENT AS SO
MODIFIED BY THIS AGREEMENT SHALL BE READ, TAKEN AND SO CONSTRUED AS ONE AND THE
SAME INSTRUMENT.  EACH OF THE LOAN DOCUMENTS SHALL REMAIN IN FULL FORCE AND
EFFECT AND ARE HEREBY RATIFIED AND CONFIRMED.  NEITHER THE EXECUTION, DELIVERY
NOR EFFECTIVENESS OF THIS AGREEMENT SHALL OPERATE AS A WAIVER OF ANY RIGHT,
POWER OR REMEDY OF THE ADMINISTRATIVE AGENT OR THE LENDERS, OR OF ANY DEFAULT OR
EVENT OF DEFAULT (WHETHER OR NOT KNOWN TO THE ADMINISTRATIVE AGENT OR THE
LENDERS), UNDER ANY OF THE LOAN DOCUMENTS.  THIS AGREEMENT AND EACH OF THE OTHER
AMENDMENT DOCUMENTS SHALL CONSTITUTE LOAN DOCUMENTS FOR PURPOSES OF THE CREDIT
AGREEMENT.

 

5.                                       GOVERNING LAW.   THIS AGREEMENT SHALL
BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK WITHOUT REGARD TO ITS CONFLICTS OF LAW PRINCIPLES (OTHER THAN THE
PROVISIONS OF 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

 

6.                                       ADMINISTRATIVE AGENT’S EXPENSES.   THE
BORROWER HEREBY AGREES TO PROMPTLY REIMBURSE THE ADMINISTRATIVE AGENT FOR ALL OF
THE REASONABLE OUT-OF-POCKET EXPENSES, INCLUDING, WITHOUT LIMITATION, ATTORNEYS’
AND PARALEGALS’ FEES, IT HAS HERETOFORE OR HEREAFTER INCURRED OR INCURS IN
CONNECTION WITH THE PREPARATION, NEGOTIATION AND EXECUTION OF THIS AGREEMENT AND
THE OTHER DOCUMENTS, AGREEMENTS AND INSTRUMENTS CONTEMPLATED HEREBY.

 

7.                                       COUNTERPARTS.  THIS AGREEMENT MAY BE
EXECUTED IN COUNTERPARTS, EACH OF WHICH SHALL BE AN ORIGINAL AND ALL OF WHICH
TOGETHER SHALL CONSTITUTE ONE AND THE SAME AGREEMENT AMONG THE PARTIES.

 

* * * *

 

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IN WITNESS WHEREOF, this Agreement has been duly executed as of the day and year
first above written.

 

GREAT LAKES DREDGE & DOCK CORPORATION

 

 

By:

/s/ Deborah A. Wensel

Name:

Deborah A. Wensel

Title:

Senior Vice President and Chief

Financial Officer

 

 

 

GLDD ACQUISITIONS CORP.

 

 

By:

/s/ Deborah A. Wensel

Name:

Deborah A. Wensel

Title:

Senior Vice President and Chief

Financial Officer

 

 

 

 

GREAT LAKES DREDGE & DOCK

COMPANY, LLC

 

 

By:

/s/ Deborah A. Wensel

Name:

Deborah A. Wensel

Title:

Senior Vice President and Chief

Financial Officer

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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GREAT LAKES CARIBBEAN DREDGING, INC.

 

 

By:

/s/ Deborah A. Wensel

Name:

Deborah A. Wensel

Title:

Senior Vice President and Chief

Financial Officer

 

 

 

 

DAWSON MARINE SERVICES COMPANY

 

 

By:

/s/ Deborah A. Wensel

Name:

Deborah A. Wensel

Title:

Senior Vice President and Chief

Financial Officer

 

 

 

 

FIFTY-THREE DREDGING CORPORATION

 

 

By:

/s/ William H. Hanson

Name:

William H. Hanson

Title:

President

 

 

 

 

NORTH AMERICAN SITE DEVELOPERS, INC.

 

 

By:

/s/ Deborah A. Wensel

Name:

Deborah A. Wensel

Title:

Vice President and Treasurer

 

 

 

 

JDC SOIL MANAGEMENT &

DEVELOPMENT INC.

 

 

 

By:

/s/ Deborah A. Wensel

Name:

Deborah A. Wensel

Title:

Senior Vice President and Chief

Financial Officer

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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BANK OF AMERICA, N.A., as Administrative

Agent

 

 

 

 

By:

/s/ Jeffery T. White

Name:

Jeffery T. White

Title:

Assistant Vice President

 

 

 

 

BANK OF AMERICA, N.A., as a Lender and

as Issuing Bank

 

 

By:

      /s/ Lynn Simmons

Name:

Lynn Simmons

Title:

   Senior Vice President

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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CREDIT SUISSE, Cayman Islands Branch, (formerly known as Credit Suisse First
Boston, acting through its Cayman Islands Branch) as a Lender

 

 

 

 

By:

/s/ Thomas Cantello

Name: Thomas Cantello

Title: Vice President

 

 

 

 

By:

/s/ Gregory Richards

Name: Gregory Richards

Title: Associate

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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MASTER SENIOR FLOATING RATE TRUST, as a Lender

 

 

 

 

By:

/s/ [ILLEGIBLE]

Title:

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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OPPENHEIMER SENIOR FLOATING RATE FUND, as a Lender

 

 

 

 

By:

/s/ Lisa Chaffee

Title: AVP

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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FIFTH THIRD BANK, as a Lender

 

 

 

 

By:

 

Title:

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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DRYDEN V LEVERAGED LOAN CDO 2003, as a Lender

 

 

 

 

By:

/s/ Stephen J. Collins

Title: Vice President

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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ING SENIOR INCOME FUND, as a Lender

 

 

 

 

By:

/s/ Theodore M. Haag

Name: Theodore M. Haag

Title: Vice President

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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LASALLE BANK NATIONAL ASSOCIATION, as a Lender

 

 

 

 

By:

/s/ [ILLEGIBLE]

Title: Senior Vice President

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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LEHMAN BROTHERS INC., as a Lender

 

 

 

 

By:

/s/ V. Paul Arzoulan

Title: Senior Vice President

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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LEHMAN COMMERCIAL PAPER INC., as a Lender

 

 

 

 

By:

/s/ V. Paul Arzoulan

Title: Senior Vice President

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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MONUMENT PARK CDO LTD, as a Lender

 

 

 

 

By:

 

Title:

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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NATIONAL CITY BANK OF

MICHIGAN/ILLINOIS, as a Lender

 

 

 

 

By:

/s/ [ILLEGIBLE]

Title: Account Officer

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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THE NORTHERN TRUST COMPANY, as a Lender

 

 

 

 

By:

/s/ Kamika Agonwal

Title: Commercial Banking Officer

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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OAK BROOK BANK- OAK BROOK, as a Lender

 

 

 

 

By:

/s/ Henry Wessel

Title: Vice President

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender

 

 

 

 

By:

/s/ [ILLEGIBLE]

Title: Vice President

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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UBS AG, STAMFORD BRANCH, as a Lender

 

 

 

 

By:

/s/ Richard L. Tavrow

Title: Director Banking Products Services, US

 

 

By:

/s/ Toba Lumbantobing

Title: Associate Director Banking Products

Services, US

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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VAN KAMPEN SENIOR INCOME TRUST

By: Van Kampen Investment Advisory Corp, as

Collateral Manager

 

 

 

By:

/s/ Christina Jamieson

Title: Executive Director

 

VAN KAMPEN SENIOR LOAN FUND

By: Van Kampen Investment Advisory Corp, as

Collateral Manager

 

 

 

By:

/s/ Christina Jamieson

Title: Executive Director

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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PILGRIM CLO 1999-1 LTD., as a Lender

 

 

 

 

By:

 

Title:

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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NORTH AMERICAN COMPANY FOR LIFE AND

HEALTH INSURANCE, as a Lender

 

 

 

By:

/s/ Kamika Agonwal

Title: Commercial Banking Officer

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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MIDLAND NATIONAL LIFE INSURANCE

COMPANY, as a Lender

 

 

 

By:

 

Title:

 

Signature Page to Amendment No. 3 to Credit Agreement

 

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