Exhibit 10.12(i)

 

 

THIRD AMENDMENT TO CERTAIN OPERATIVE AGREEMENTS

 

 

Dated as of March 11, 2002

 

 

among

 

 

SABRE INC.,

as the Construction Agent and as the Lessee,

 

 

WELLS FARGO BANK NORTHWEST, NATIONAL ASSOCIATION (formerly known as

First Security Bank, National Association),

not individually, except as expressly

stated herein, but solely as the Owner Trustee

under the TSG Trust 1999-1,

 

 

THE VARIOUS BANKS AND OTHER LENDING INSTITUTIONS WHICH ARE PARTIES

HERETO FROM TIME TO TIME,

as the Holders,

 

 

THE VARIOUS BANKS AND OTHER LENDING INSTITUTIONS WHICH ARE PARTIES

HERETO FROM TIME TO TIME,

as the Lenders,

 

 

and

 

 

BANK OF AMERICA, N.A.,

as the Agent for the Lenders

and respecting the Security Documents,

as the Agent for the Lenders and the Holders,

to the extent of their interests

 

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BANC OF AMERICA SECURITIES LLC,

as Lead Arranger and Sole Book Manager

 

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THIRD AMENDMENT TO CERTAIN OPERATIVE AGREEMENTS

 

THIS THIRD AMENDMENT TO CERTAIN OPERATIVE AGREEMENTS dated as of March 11, 2002
(this “Amendment”) is by and among SABRE INC., a Delaware corporation (the
“Lessee” or the “Construction Agent”); WELLS FARGO BANK NORTHWEST, NATIONAL
ASSOCIATION (formerly known as First Security Bank, National Association), a
national banking association, not individually (in its individual capacity, the
“Trust Company”), except as expressly stated in the Participation Agreement
(hereinafter defined), but solely as the Owner Trustee under the TSG Trust
1999-1 (the “Owner Trustee”, the “Borrower” or the “Lessor”); the various banks
and other lending institutions which are parties to the Participation Agreement
from time to time as holders of certificates issued with respect to the TSG
Trust 1999-1 (subject to the definition of Holders in Appendix A to the
Participation Agreement, individually, a “Holder” and collectively, the
“Holders”); the various banks and other lending institutions which are parties
to the Participation Agreement from time to time as lenders (subject to the
definition of Lenders in Appendix A to the Participation Agreement,
individually, a “Lender” and collectively, the “Lenders”); and BANK OF AMERICA,
N.A., a national banking association, as the agent for the Lenders and
respecting the Security Documents, as the agent for the Lenders and the Holders,
to the extent of their interests (in such capacity, the “Agent”).

 

Capitalized terms used but not otherwise defined in this Amendment shall have
the meanings set forth in Appendix A to the Participation Agreement dated as of
September 14, 1999, by and among the Lessee, the Construction Agent, the Owner
Trustee, the Holders which were parties thereto, the Lenders which were parties
thereto and the Agent (as amended by that certain First Amendment and
Restatement of Operative Agreements dated as of December 15, 1999 and as further
amended by that certain Second Amendment to Certain Operative Agreements dated
as of October 4, 2000 each of which was by and among the Lessee, the
Construction Agent, the Owner Trustee, the Holders which were parties thereto,
the Lenders which were parties thereto and the Agent and as hereinafter amended,
modified, extended, supplemented, restated and/or replaced from time to time,
the “Participation Agreement”).

 

R E C I T A L S

 

WHEREAS, the parties to this Amendment are parties to the Participation
Agreement and certain of the parties to this Amendment are parties to the other
Operative Agreements relating to a $310 million lease facility (the “Facility”)
that has been established in favor of the Lessee;

 

WHEREAS, the parties to this Amendment have agreed to modify the Participation
Agreement and to amend other provisions of the Operative Agreements on the terms
and conditions set forth herein;

 

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A G R E E M E N T

 

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

 

1.                                       Appendix A to the Participation
Agreement is hereby amended by adding the following definitions in correct
alphabetical order and deleting any definition being replaced thereby.

 

“Cherokee Data Center” shall mean the Property located in or about Tulsa,
Oklahoma, as more specifically referenced in Lease Supplement No. 3 dated as of
December 15, 1999 between the Lessor and the Lessee.

 

“Construction Period Termination Date” shall mean the earlier of (i) the date
that the Commitments have been terminated in their entirety in accordance with
the terms of Section 2.5(a) of the Credit Agreement, or (ii) (A) except with
respect to the Cherokee Data Center, the thirty (30) month anniversary of the
Initial Closing Date and (B) only with respect to the Cherokee Data Center, June
12, 2002.

 

“EDS” shall mean Electronic Data Systems Corporation, a Delaware corporation.

 

2.                                       Article XXI of the Lease is amended and
restated in its entirety as follows:

 

ARTICLE XXI

 

Notwithstanding the provisions of Sections 20.1 and 20.2 but only with regard to
the Purchase Option pertaining to the Cherokee Data Center, Lessee may elect
upon notice to the Agent that either Lessee or EDS may purchase the Cherokee
Data Center on a Business Day designated by Lessee upon no less than fifteen
(15) days notice to the Agent (or upon such shorter notice period as is
agreeable to the Agent).  To the extent EDS is the purchaser of the Cherokee
Data Center, (a) the documents identified in the second paragraph of Section
20.2 shall be issued in favor of, on behalf of or with respect to EDS and (b)
Lessee shall be obligated for (i) the payment of any portion of the Termination
Value for the Cherokee Data Center not paid by EDS on the designated purchase
date and (ii) the performance of any and all other obligations of Lessee (in
each of its various capacities) under the Operative Agreements relating to the
Cherokee Data Center.  Notwithstanding the purchase of the Cherokee Data Center
by EDS, Lessee shall continue to be obligated to pay and perform (or to cause to
be paid and performed) all payment, performance and other obligations of Lessee
which by their terms survive expiration or termination of this Lease (in each of
its various capacities) under the Operative Agreements regarding the Cherokee
Data Center or otherwise.

 

3.                                       This Amendment shall be effective upon
(i) execution and delivery of this Amendment by all parties to this Amendment
referenced on the signature pages hereto and (ii) payment by, or on behalf of,
the Lessee of all fees, if any, owing in connection with this

 

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Amendment, including without limitation, to each consenting Lender and Holder
that executes and delivers this Amendment, a nonrefundable amendment fee equal
to such ratable portion of such Lender or Holder in the product of (a)
$100,000,000 multiplied by (b) 20 basis points, which fees shall be deemed fully
earned and due and payable on the effective date of this Amendment.

 

4.                                       Within ten (10) days of any receipt
from the Agent of any requested documentation, the Lessee shall promptly cause
to be executed, acknowledged or delivered all such further conveyances and
documents as the Agent may reasonably request in order to carry out and
effectuate the intent and purposes of this Amendment, the other Operative
Agreements and the transactions contemplated hereby and thereby (including,
without limitation, the preparation, execution and filing of Mortgage
Instruments and other filings or registrations which the Agent hereto may from
time to time request to be filed or effected).

 

5.                                       The parties hereto agree that,
notwithstanding any heading or title to this Amendment, all of the terms and
provisions of the Operative Agreements (including Schedules and Exhibits
thereto) shall remain in full force and effect except as modified by this
Amendment.  All references in any Operative Agreement to the Operative
Agreements shall henceforth include references to the Operative Agreements, as
modified and amended by this Amendment, and as may, from time to time, be
further amended or modified in accordance with the terms thereof.

 

6.                                       The Borrower and the Lessee, as
applicable, affirm the liens and security interests created and granted in the
Security Documents and in any other Operative Agreement and agree that this
Amendment shall in no manner adversely affect or impair such liens and security
interests.

 

7.                                       The Lessee agrees to pay (or to cause
to be paid) all reasonable costs and expenses of the Agent in connection with
the preparation, execution and delivery of this Amendment, including, without
limitation, the reasonable fees and expenses of Moore & Van Allen, PLLC.

 

8.                                       This Amendment may be executed in any
number of counterparts, each of which when so executed and delivered shall be
deemed an original, and it shall not be necessary in making proof of this
Amendment to produce or account for more than one such counterpart.

 

9.                                       THIS AMENDMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED,
INTERPRETED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS,
EXCEPT THAT TO THE EXTENT THIS AMENDMENT AMENDS THE TRUST AGREEMENT, SUCH
PORTION OF THIS AMENDMENT AMENDING THE TRUST AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED, INTERPRETED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
UTAH.

 

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[Remainder of Page Intentionally Left Blank]

 

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective officers thereunto duly authorized as of the day
and year first above written.

 

 

CONSTRUCTION AGENT AND LESSEE:

SABRE INC., as the Construction Agent and as the Lessee

 

 

 

 

 

By:

/s/ James E. Murphy

 

 

Name:

James E. Murphy

 

 

Title:

SVP, Corp Dev & Treasurer

 

 

 

 

 

 

[signatures pages continue]

 

 

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OWNER TRUSTEE AND LESSOR:

WELLS FARGO BANK NORTHWEST, NATIONAL ASSOCIATION (formerly known as First
Security Bank, National Association), not individually, except as expressly
stated herein, but solely as the Owner Trustee under the TSG Trust 1999-1

 

 

 

 

 

By:

/s/ Val T. Orton

 

 

Name:

Val T. Orton

 

 

Title:

Vice President

 

 

 

 

 

 

 

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AGENT AND LENDERS:

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

 

 

 

 

 

By:

/s/ John E. Williams

 

 

Name:

John E. Williams

 

 

Title:

Managing Director

 

 

 

 

 

 

 

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CITIBANK, N.A., as a Lender

 

 

 

 

 

By:

/s/ Gaylord C. Holmes

 

 

Name:

Gaylord C. Holmes

 

 

Title:

Director

 

 

 

 

 

 

 

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FIRST UNION NATIONAL BANK, as a Lender

 

 

 

 

 

By:

/s/ Laura B. Smith

 

 

Name:

Laura B. Smith

 

 

Title:

Vice President

 

 

 

 

 

 

 

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BANCA COMMERCIALE ITALIANA - LOS ANGELES FOREIGN BRANCH, as a Lender

 

 

 

 

 

By:

/s/ J. Dickerhof

 

 

Name:

J. Dickerhof

 

 

Title:

VP

 

 

 

 

 

 

 

 

By:

/s/ Frank Maffei

 

 

Name:

Frank Maffei

 

 

Title:

Vice President

 

 

 

 

 

 

 

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JPMORGAN CHASE BANK (formerly known as
MORGAN GUARANTY TRUST COMPANY OF
NEW YORK), as a Lender

 

 

 

 

 

By:

/s/ Mae Reeves

 

 

Name:

Mae Reeves

 

 

Title:

VP

 

 

 

 

 

 

 

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SUNTRUST BANK, ATLANTA, as a Lender

 

 

 

 

 

By:

/s/ Frank A. Coe

 

 

Name:

Frank A. Coe

 

 

Title:

Vice President

 

 

 

 

 

 

 

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THE BANK OF NEW YORK, as a Lender

 

 

 

 

 

By:

/s/ David T. Sunderwirth

 

 

Name:

David T. Sunderwirth

 

 

Title:

Vice President

 

 

 

 

 

 

 

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WELLS FARGO BANK (TEXAS), N.A., as a Lender

 

 

 

 

 

By:

/s/ Brent Bertino

 

 

Name:

Brent Bertino

 

 

Title:

Vice President

 

 

 

 

 

 

 

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KBC BANK N.V., as a Lender

 

 

 

 

 

By:

/s/ Robert Snauffer

 

 

Name:

Robert Snauffer

 

 

Title:

First Vice President

 

 

 

 

 

 

 

 

By:

/s/ Eric Raskin

 

 

Name:

Eric Raskin

 

 

Title:

Vice President

 

 

 

 

 

 

 

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HOLDERS:

BANK OF AMERICA, N.A., as a Holder

 

 

 

 

 

By:

/s/ John E. Williams

 

 

Name:

John E. Williams

 

 

Title:

Managing Director

 

 

 

 

 

 

 

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CITICORP DEL-LEASE INC., as a Holder

 

 

 

 

 

By:

/s/ Robert F. Carr

 

 

Name:

Robert F. Carr

 

 

Title:

Vice President

 

 

 

 

 

 

 

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FIRST UNION NATIONAL BANK, as a Holder

 

 

 

 

 

By:

/s/ Laura B. Smith

 

 

Name:

Laura B. Smith

 

 

Title:

Vice President

 

 

 

 

 

 

 

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BANCA COMMERCIALE ITALIANA - LOS ANGELES FOREIGN BRANCH, as a Holder

 

 

 

 

 

By:

/s/ J. Dickerhof

 

 

Name:

J. Dickerhof

 

 

Title:

VP

 

 

 

 

 

 

 

 

By:

/s/ Frank Maffei

 

 

Name:

Frank Maffei

 

 

Title:

Vice President

 

 

 

 

 

 

 

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JPMORGAN CHASE BANK (formerly known as
MORGAN GUARANTY TRUST COMPANY OF
NEW YORK), as a Holder

 

 

 

 

 

By:

/s/ Mae Reeves

 

 

Name:

Mae Reeves

 

 

Title:

VP

 

 

 

 

 

 

 

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SUNTRUST BANK, ATLANTA, as a Holder

 

 

 

 

 

By:

/s/ Frank A. Coe

 

 

Name:

Frank A. Coe

 

 

Title:

Vice President

 

 

 

 

 

 

 

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THE BANK OF NEW YORK, as a Holder

 

 

 

 

 

By:

/s/ David T. Sunderwirth

 

 

Name:

David T. Sunderwirth

 

 

Title:

Vice President

 

 

 

 

 

 

 

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WELLS FARGO BANK (TEXAS), N.A., as a Holder

 

 

 

 

 

By:

/s/ Brent Bertino

 

 

Name:

Brent Bertino

 

 

Title:

Vice President

 

 

 

 

 

 

[signatures pages end]

 

 

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