Exhibit 10.1
Execution1a
SIXTH AMENDMENT TO REVOLVING CREDIT
AND TERM LOAN AGREEMENT
     THIS SIXTH AMENDMENT TO REVOLVING CREDIT AND TERM LOAN AGREEMENT (this
“Amendment”) dated as of December 29, 2005, is by and among COMMERCIAL VEHICLE
GROUP, INC., a Delaware corporation (the “Company”), the SUBSIDIARY BORROWERS
parties hereto, the FOREIGN CURRENCY BORROWERS parties hereto, the BANKS parties
hereto, U.S. BANK NATIONAL ASSOCIATION, a national banking association, one of
the Banks, as administrative agent for the Banks (in such capacity, the “Agent”)
and COMERICA BANK, a Michigan banking corporation, one of the Banks, as
syndication agent for the Banks (in such capacity, the “Syndication Agent”).
     WHEREAS, the Company, the Subsidiary Borrowers, the Foreign Currency
Borrowers, certain Banks, the Agent and the Syndication Agent are parties to a
Revolving Credit and Term Loan Agreement dated as of August 10, 2004 as amended
by a First Amendment to Revolving Credit and Term Loan Agreement dated as of
September 16, 2004, by a Second Amendment to Revolving Credit and Term Loan
Agreement and Amendment to Security Agreement dated as of February 7, 2005, by a
Third Amendment to Revolving Credit and Term Loan Agreement and Amendment to
Security Agreement dated as of June 3, 2005, by a Fourth Amendment to Revolving
Credit and Term Loan Agreement dated as of June 29, 2005 and by a Fifth
Amendment to Revolving Credit and Term Loan Agreement dated as of July 12, 2005
(as amended, the “Loan Agreement”);
     WHEREAS, the Company has requested that the Banks agree to an amendment to
the covenant regarding Capital Expenditures as set out in the Loan Agreement and
the Banks are willing to do so on the terms and subject to the conditions set
forth in this Amendment; and
     WHEREAS, the Agent, in its capacity as Agent and a Bank under the Loan
Agreement has agreed to the transfer of the Loans and Commitment of Credit
Suisse, Cayman Islands Branch to the Agent, as a Bank under the Loan Agreement
and as of the effective date hereof, Credit Suisse, Cayman Islands Branch shall
no longer be a Bank under the Loan Agreement;
     NOW, THEREFORE, for value received, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:
     1. Certain Defined Terms. Each capitalized term used herein without being
defined herein that is defined in the Loan Agreement shall have the meaning
given to it therein.
     2. Amendments to Loan Agreement. The Loan Agreement is hereby amended as
follows:
     (a) Section 6.18 of the Loan Agreement is amended in its entirety to read
as follows:

 

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          Section 6.18 Capital Expenditures. The Borrowers and their
Subsidiaries shall not make Capital Expenditures for any fiscal year in an
aggregate amount in excess of $40,000,000.
     (b) Schedule 1.1(B) to this Amendment is substituted as Schedule 1.1(b) to
the Loan Agreement and Exhibit 5.2(a) hereto is substituted as Exhibit 5.2(a) to
the Loan Agreement.
     3. Conditions to Effectiveness of this Amendment. This Amendment shall be
effective as of December 30, 2005 (the “Effective Date”), provided the Agent
shall have received sufficient counterparts of this Amendment as required by the
Agent, duly executed by the Borrowers and all of the Banks, and the following
conditions are satisfied or waived:
     (a) Before and after giving effect to this Amendment, the representations
and warranties of the Borrowers in Article IV of the Loan Agreement and
Section 7 of the Security Agreement shall be true and correct in all material
respects as though made on the date hereof, except to the extent such
representations and warranties by their terms are made as of a specific date and
except for changes that are permitted by the terms of the Loan Agreement.
     (b) After giving effect to this Amendment, no Event of Default and no
Default shall have occurred and be continuing.
     (c) No Material Adverse Effect shall have occurred since July 12, 2005.
     (d) No revisions shall have been made to the articles of incorporation or
bylaws of any of the Borrowers since July 12, 2005.
     (e) The Agent shall have received the following or shall receive the
following substantially simultaneously with the execution and delivery of this
Amendment, each duly executed or certified, as the case may be, and dated as of
the date of delivery thereof:
     (i) new Revolving Note payable to the Agent (the “New Note”) duly executed
by the Borrowers (which shall be provided promptly after execution and delivery
of this Amendment);
     (ii) an officer’s certificate from each Foreign Currency Borrower
certifying resolutions of the board of directors, managers or member of each
such Borrower authorizing the changes in the Loan Agreement under this
Amendment, the execution, delivery and performance of this Amendment and all
documents contemplated hereunder, and certifying the designation of Authorized
Officers to execute the Amendment;
     4. Acknowledgments. The Borrowers and the Banks acknowledge that, as
amended hereby, the Loan Agreement remains in full force and effect with respect
to the Borrowers and the Banks, and that each reference to the Loan Agreement in
the Loan Documents shall refer to the Loan Agreement, as amended hereby. The
Borrowers confirm and

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acknowledge that they will continue to comply with the covenants set out in the
Loan Agreement and the other Loan Documents, as amended hereby, and that their
representations and warranties set out in the Loan Agreement and the other Loan
Documents, as amended hereby, are true and correct in all material respects as
of the date of this Amendment, except to the extent such representations and
warranties by their terms are made as of a specific date and except for changes
that are permitted by the terms of the Loan Agreement. The Borrowers represent
and warrant that (i) the execution, delivery and performance of this Amendment
and is within their corporate powers and have been duly authorized by all
necessary corporate action; (ii) this Amendment has been duly executed and
delivered by the Borrowers and constitute the legal, valid and binding
obligations of the Borrowers, enforceable against the Borrowers in accordance
with their terms (subject to limitations as to enforceability which might result
from bankruptcy, insolvency, or other similar laws affecting creditors’ rights
generally and general principles of equity); and (iii) no Events of Default or
Default exist and are continuing.
     5. General.
     (a) The Company agrees to reimburse the Agent and the Syndication Agent
within 10 days of demand for all reasonable out-of-pocket expenses paid or
incurred by the Agent and the Syndication Agent including filing and recording
costs and fees and expenses of outside counsel to the Agent and outside counsel
to the Syndication Agent (determined on the basis of such counsels’ generally
applicable rates, which may be higher than the rates such counsel charges the
Agent or the Syndication Agent in certain matters) in the preparation,
negotiation and execution of this Amendment and any documents related thereto
(collectively, the “Amendment Documents”), and to pay and save the Banks
harmless from all liability for any stamp or other taxes which may be payable
with respect to the execution or delivery of this Amendment and the Amendment
Documents, which obligations of the Company shall survive any termination of the
Loan Agreement.
     (b) This Amendment may be executed in as many counterparts (including via
facsimile or electronic PDF transmission) as may be deemed necessary or
convenient, and by the different parties hereto on separate counterparts, each
of which, when so executed, shall be deemed an original but all such
counterparts shall constitute but one and the same instrument.
     (c) Any provision of this Amendment which is prohibited or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining portions
hereof or affecting the validity or enforceability of such provisions in any
other jurisdiction.
     (d) The validity, construction and enforceability of this Amendment and the
New Notes shall be governed by the internal laws of the State of New York,
without giving effect to conflict of laws principles thereof, but giving effect
to federal laws of the United States applicable to national banks.
     (e) This Amendment and the Amendment Documents shall be binding upon the
Borrowers, the Banks, the Agent, the Syndication Agent and their respective

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permitted successors and assigns, and shall inure to the benefit of the
Borrowers, the Banks, the Agent, the Syndication Agent and the successors and
permitted assigns of the Banks, the Agent and the Syndication Agent.
[remainder of page intentionally left blank]

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed as of the day and year first above written.

              COMMERCIAL VEHICLE GROUP, INC.
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     CFO
 
       

Address:
6530 Campus Way
New Albany, Ohio 43054
Fax: (614) 289-5371
Attention: Jeff Vogel

              SPRAGUE DEVICES, INC. (formerly COMMERCIAL VEHICLE SYSTEMS, INC.)
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     CFO
 
       
 
            NATIONAL SEATING COMPANY
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     CFO
 
       
 
            TRIM SYSTEMS OPERATING CORP.
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     CFO
 
       
 
            CVS HOLDINGS, INC.
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     CFO
 
       

[Signature Page to Sixth Amendment]

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              TRIM SYSTEMS, INC.
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     CFO
 
       
 
            MAYFLOWER VEHICLE SYSTEMS, LLC
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     Treasurer & Secretary
 
       
 
            CVG MANAGEMENT CORPORATION
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     CFO
 
       
 
            MONONA CORPORATION
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     VP
 
       
 
            MONONA WIRE CORPORATION
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     VP
 
       
 
            MONONA (MEXICO) HOLDINGS, LLC
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     VP
 
       

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              CABARRUS PLASTICS, INC.
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     VP
 
       

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              FOREIGN CURRENCY BORROWERS:
 
            COMMERCIAL VEHICLE SYSTEMS LIMITED
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     CFO/Director
 
       
 
            KAB SEATING LIMITED
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     CFO/Director
 
       
 
            BOSTROM LIMITED
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     CFO/Director
 
       
 
            BOSTROM INTERNATIONAL LIMITED
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     CFO/Director
 
       
 
            CVS HOLDINGS LIMITED
 
       
 
  By     /s/ Chad M. Utrup
 
        Chad M. Utrup
 
       
 
  Title     CFO/Director
 
       

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              U.S. BANK NATIONAL ASSOCIATION
 
       
 
  By     /s/ Robert A. Rosati
 
        Robert A. Rosati
 
       
 
  Title     Senior Vice President
 
       
 
            In its individual corporate capacity and as Agent     Address:    
800 Nicollet Mall     Minneapolis, MN 55402     Fax: 612-303-2258     Attention:
Robert A. Rosati

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              COMERICA BANK
 
       
 
  By     /s/ Matthew T. Breight
 
        Matthew T. Breight
 
       
 
  Title     Vice President
 
       
 
            Address:     Comerica Tower     500 Woodward Avenue     Detroit,
Michigan 48226     Fax: 313-222-3389     Attention: Matthew T. Breight

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              ASSOCIATED BANK, N.A.
 
       
 
  By    
 
       
 
       
 
  Title    
 
       
 
            Address:     401 E. Kilbourn Avenue     Suite 400     Milwaukee, WI
53202     Fax: 414-283-2300     Attention: Daniel Holzhauer     E-mail:
Daniel.holzhauer@associatedbank.com

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              CITIZENS BANK OF PENNSYLVANIA
 
       
 
  By     /s/ John J. Ligday, Jr.
 
                  JOHN J. LIGDAY, JR.
 
       
 
  Title     VICE PRESIDENT
 
       
 
            Address:     525 William Penn Place     Room 2910     Pittsburgh, PA
15219-1729     Fax: 412-552-6307     Attention: John J. Ligday Jr.     E-mail:
john.ligday@citzensbank.com

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              NATIONAL CITY BANK OF THE MIDWEST
 
       
 
  By     /s/ Oliver J. Glenn
 
                  Oliver J. Glenn
 
       
 
  Title     Vice President
 
       
 
            Address:     755 West Big Beaver Road; Locator R-J40-25C     Troy,
Michigan 48084     Fax: 248-901-2097     Attention: Oliver Glenn     E-mail:
oliver.glenn@nationalcity.com

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              SUNTRUST BANK
 
       
 
  By     [illegible]
 
                  [illegible]
 
       
 
  Title     Vice President
 
       
 
            Address:     303 Peachtree Street     10th Floor, MC 1928    
Atlanta, GA 30308     Fax: 404-658-5989     Attention: William Humphries,
Managing Director     E-mail: William.Humphries@suntrust.com

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              PNC BANK, NATIONAL ASSOCIATION
 
       
 
  By     [illegible]
 
                  [illegible]
 
       
 
  Title     Credit Manager
 
       
 
            Address:     201 East Fifth Street     Cincinnati, OH 45202     Fax:
513-651-8628     Attention: Tina McAneny     E-Mail:
kristina.mcaneny@pncbank.com

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              KEYBANK NATIONAL ASSOCIATION
 
       
 
  By     /s/ Roger D. Campbell
 
        Roger D. Campbell
 
       
 
  Title     SVP
 
       
 
            Address:     88 East Broad Street, 2nd Floor     Columbus, Ohio
43215     Fax: 614-460-3469     Attention: Roger D. Campbell     e-mail:
Roger_campbell@keybank.com

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              LASALLE BANK NATIONAL ASSOCIATION
 
       
 
  By     /s/ Steven P. Shepard
 
        Steven P. Shepard
 
       
 
  Title     SVP
 
       
 
            Address:     LaSalle Bank N.A.     One Columbus     10 W. Broad St.,
Suite 2250     Columbus, OH 43215-3418     Attention: Steven P. Shepard, Senior
V.P.     Fax: 614-225-1631

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