EXHIBIT 10.1

 

 

This AMENDMENT NO. 2, dated as of May 27, 2016 (this Amendment), is made by and
among B/E AEROSPACE, INC., a Delaware corporation (the Company), each of the
Lenders (as defined below) that is a signatory hereto, and JPMORGAN CHASE BANK,
N.A., as administrative agent (the Administrative Agent).

The Company, the lenders from time to time party thereto (the Lenders), and the
Administrative Agent are party to that certain Credit Agreement, dated as of
December 16, 2014, as amended by that certain Amendment No. 1 dated January 30,
2015 (as amended, supplemented and otherwise modified and in effect immediately
prior to the effectiveness of the amendments contemplated hereby, the Credit
Agreement).

The Company has requested that the Lenders agree, and the Lenders party hereto
have agreed (each such Lender, a Consenting Lender), to amend the Credit
Agreement, all on the terms and conditions of this Amendment.

The Administrative Agent, with the consent of the Required Lenders, is willing,
on the terms and subject to the conditions set forth below, to amend the terms
of the Credit Agreement as provided for herein.

Accordingly, the parties hereto agree as follows:

 

1.

DEFINITIONS

Terms used but not defined herein shall have the respective meanings ascribed to
such terms in the Credit Agreement. In addition, as used herein, (a)
Second Amendment Effective Date means the first date on which each of the
conditions to effectiveness set forth in Section 5 hereof shall have been
satisfied (or waived), and (b) Repricing Amendment Effective Date means the
first date on which each of the conditions to effectiveness set forth in Section
6 hereof shall have been satisfied (or waived).

2.

CREDIT AGREEMENT AMENDMENTS

Subject to the satisfaction (or waiver) of the conditions to effectiveness
specified in Section 5 hereof, but with effect on and after the date hereof, the
Credit Agreement shall be amended as follows:

(a) Section 1.1 of the Credit Agreement is hereby amended by inserting the
following definitions in the appropriate alphabetical order (and, where
applicable, replacing in its entirety the definition of such term therein):

Attributable Receivables Amount means the amount of obligations of the Company
and/or its Restricted Subsidiaries outstanding under receivables purchase
facilities (including supplier-financing programs or arrangements) or factoring
transactions on any date of determination that would be characterized as
principal if such facilities, programs, arrangements or transactions were
structured as secured lending transactions rather than as

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purchases and sales, whether such obligations would constitute on-balance sheet
Indebtedness or an off-balance sheet liability.

Bail-In Action means the exercise of any Write-Down and Conversion Powers by the
applicable EEA Resolution Authority in respect of any liability of an EEA
Financial Institution.

Bail-In Legislation means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council
of the European Union, the implementing law for such EEA Member Country from
time to time which is described in the EU Bail-In Legislation Schedule.

Credit Documents means the collective reference to this Agreement, the Notes,
the Administrative Agency Fee Letter, the Guaranty (including any guarantee or
Credit Party Accession Agreement executed and delivered pursuant to the terms of
Section 8.10 or 9.15 of this Agreement), the Collateral Documents, the First
Amendment, the Second Amendment and any Incremental Facility Amendment.

Defaulting Lender means, subject to Section 5.24, any Lender that (a) has
failed, within two Business Days of the date required to be funded or paid, to
(i) fund any portion of its Loans, (ii) fund any portion of its participations
in Letters of Credit or Swing Line Loans or (iii) pay over to any Finance Party
any other amount required to be paid by it hereunder, unless, in the case of
clause (i) above, such Lender notifies the Administrative Agent in writing that
such failure is the result of such Lender’s good faith determination that a
condition precedent to funding (specifically identified and including the
particular default, if any) has not been satisfied, (b) has notified the Company
or any Finance Party in writing, or has made a public statement to the effect,
that it does not intend or expect to comply with any of its funding obligations
under this Agreement (unless such writing or public statement relates to such
Lender’s obligation to fund a Loan hereunder and indicates that such position is
based on such Lender’s good faith determination that a condition precedent
(specifically identified and including the particular default, if any) to
funding a loan under this Agreement cannot be satisfied) or generally under
other agreements in which it commits to extend credit, (c) has failed, within
three Business Days after request in writing by the Administrative Agent, the
Swing Line Lender or any Issuing Lender, acting in good faith, to provide a
certification in writing from an authorized officer of such Lender that it will
comply with its obligations to fund prospective Loans and participations in then
outstanding Letters of Credit and Swing Line Loans under this Agreement,
provided that such Lender shall cease to be a Defaulting Lender pursuant to this
clause (c) upon such Finance Party’s receipt of such certification in form and
substance satisfactory to it and the Administrative Agent, or

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(d) has, or has a direct or indirect parent entity that has, after the date
hereof, become the subject of a Bankruptcy Event or of a Bail-In Action.

EEA Financial Institution means (a) any institution established in any EEA
Member Country which is subject to the supervision of an EEA Resolution
Authority, (b) any entity established in an EEA Member Country which is a parent
of an institution described in clause (a) of this definition, or (c) any
institution established in an EEA Member Country which is a subsidiary of an
institution described in clauses (a) or (b) of this definition and is subject to
consolidated supervision with its parent.

EEA Member Country means any of the member states of the European Union,
Iceland, Liechtenstein, and Norway.

EEA Resolution Authority means any public administrative authority or any Person
entrusted with public administrative authority of any EEA Member Country
(including any delegee) having responsibility for the resolution of any EEA
Financial Institution.

EU Bail-In Legislation Schedule means the EU Bail-In Legislation Schedule
published by the Loan Market Association (or any successor Person), as in effect
from time to time.

First Amendment means that certain Amendment No. 1 to Credit Agreement dated
January 30, 2015, between the Company and the Administrative Agent.

Non-Consenting Lender means any Lender that fails to consent to any amendment,
waiver, supplement or other modification pursuant to Section 12.1 requiring the
consent of all Lenders or of each Lender directly affected thereby, and as to
which the Required Lenders or a majority of all Lenders directly affected
thereby, as applicable, have otherwise consented.

Permitted Factoring Transactions means receivables purchase facilities
(including supplier-financing programs and arrangements) and factoring
transactions entered into by the Company or any Restricted Subsidiary with
respect to Receivables originated by the Company or such Restricted Subsidiary
in the ordinary course of business, which facilities, programs, arrangements and
factoring transactions give rise to Attributable Receivables Amounts that are
non-recourse to the Company and its Restricted Subsidiaries, other than limited
recourse rights that are customary for receivables purchase facilities
(including supplier-financing programs and arrangements) and factoring
transactions of the same kind.

Receivables means any right to payment of the Company or any Restricted
Subsidiary created by or arising from sales of goods, leases of goods or the
rendition of services rendered no matter how evidenced whether or not

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earned by performance (whether constituting accounts, general intangibles,
chattel paper or otherwise).

Receivables Related Security means all contracts, contract rights, guarantees
and other obligations related to Receivables, all proceeds and collections of
Receivables and all other assets and security of a type that are customarily
sold or transferred in connection with receivables purchase facilities and
factoring transactions of a type that could constitute Permitted Factoring
Transactions.

Second Amendment means that certain Amendment No. 2 to Credit Agreement dated
May 27, 2016 among the Company, the Lenders party thereto and the Administrative
Agent.

Write-Down and Conversion Powers means, with respect to any EEA Resolution
Authority, the write-down and conversion powers of such EEA Resolution Authority
from time to time under the Bail-In Legislation for the applicable EEA Member
Country, which write-down and conversion powers are described in the EU Bail-In
Legislation Schedule.

(b) Section 5.22 of the Credit Agreement is hereby amended and restated in its
entirety as follows:

In the event any Lender (i) is a Defaulting Lender, a Declining Lender or a
Non-Consenting Lender, (ii) exercises its rights pursuant to Section 5.19 or
(iii) requests payments pursuant to Sections 5.20 or 5.23, the Company may
require, at the Company’s expense and subject to Section 5.21, such Lender or
the Issuing Lender to assign, at par plus accrued interest and fees, without
recourse (in accordance with Section 12.6) all of its interests, rights and
obligations hereunder (including all of its Revolving Credit Commitments and the
Loans and other amounts at the time owing to it hereunder and its interest in
the Letters of Credit) to a bank, financial institution or other entity
specified by the Company; provided that (A) such assignment shall not conflict
with or violate any law, rule or regulation or order of any court or other
Governmental Authority, (B) the Company shall have received the written consent
of the Administrative Agent (and, in the case of an assignment of a Revolving
Credit Commitment, of the Issuing Lender and Swing Line Lender), which consent
shall not unreasonably be withheld, to such assignment, (C) the Company shall
have paid to the assigning Lender all monies other than principal owing
hereunder to it and (D) in the case of a required assignment by the Issuing
Lender, the Letters of Credit shall be canceled and returned to the Issuing
Lender.

 

(c) Section 5.24(c)(i) of the Credit Agreement is hereby amended and restated in
its entirety as follows:

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(i)all or any part of the Revolving Credit Commitments and the Revolving Credit
Commitment Percentages in outstanding Revolving Credit Loans of such Defaulting
Lender in Swing Line Loans and Letters of Credit shall be reallocated among the
non-Defaulting Lenders in accordance with their respective Revolving Credit
Commitment Percentages but only to the extent that (x) the sum of all
non-Defaulting Lenders’ Revolving Credit Commitment Percentages in Revolving
Credit Loans plus such Defaulting Lender’s Revolving Credit Commitment
Percentage in Swing Line Loans and Letters of Credit does not exceed the total
of all non-Defaulting Lenders’ Commitments and (y) the conditions set forth in
Section 7.2 are satisfied at such time, provided, that subject to Section 12.17,
no reallocation hereunder shall constitute a waiver or release of any claim of
any party hereunder against a Defaulting Lender arising from that Lender having
become a Defaulting Lender, including any claim of a non-Defaulting Lender as a
result of such non-Defaulting Lender’s increased exposure following such
reallocation;

(d) Section 9.2 of the Credit Agreement is hereby amended by (i) deleting the
word “and” at the end of paragraph (m) of such Section 9.2, (ii) replacing the
period at the end of paragraph (n) of such Section 9.2 with “; and”, and (iii)
inserting the following paragraph (o) immediately after paragraph (n) in such
Section 9.2:

(o) Indebtedness in the form of Attributable Receivables Amounts incurred by the
Company or any Restricted Subsidiary in connection with Permitted Factoring
Transactions, provided the aggregate of all such Attributable Receivables
Amounts outstanding at any time pursuant to this clause (o) shall not exceed
$200,000,000.

(e) Section 9.3 of the Credit Agreement is hereby amended by (i) deleting the
word “and” at the end of paragraph (s) of such Section 9.3, (ii) replacing the
period at the end of paragraph (t) of such Section 9.3 with “; and”, and (iii)
inserting the following paragraph (u) immediately after paragraph (t) in such
Section 9.3:

(u) precautionary Liens on Receivables and Receivables Related Security arising
in connection with Permitted Factoring Transactions.

(f) Section 9.6 of the Credit Agreement is hereby amended by (i) deleting the
word “and” at the end of paragraph (j) of such Section 9.6, (ii) replacing the
period at the end of paragraph (k) of such Section 9.6 with “; and”, and (iii)
inserting the following paragraph (l) immediately after paragraph (k) in such
Section 9.6:

(l) any sale, conveyance, transfer or other disposition of Receivables and
Receivables Related Security in connection with any Permitted Factoring
Transaction.

(g) Section 9.9(d) of the Credit Agreement is hereby amended and restated in its
entirety as follows:

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(d) the Company may effect one or more Qualified Stock Repurchases if (i) no
Default or Event of Default has occurred or would occur after giving effect
thereto, (ii) the Company shall be in compliance with the financial covenants
set forth in Section 9.1 in each case calculated on a pro-forma basis as of the
last day of the fiscal quarter ending immediately preceding the date of such
Qualified Stock Repurchase for which the relevant financial information has been
delivered to the Lenders pursuant to Section 8.1 or 8.2, as applicable, giving
effect to such Qualified Stock Repurchase as if it had been made on the first
day of the Measurement Period ending on the last day of such fiscal quarter, and
(iii) if at the time of any Qualified Stock Repurchase the Total Leverage Ratio
of the Company and its Restricted Subsidiaries equals or exceeds 3.00 to 1.00
(calculated on a pro forma basis as of the last day of the fiscal quarter ending
immediately preceding the date of any such Qualified Stock Repurchase for which
the relevant financial information has been delivered to the Lenders pursuant to
Section 8.1 or 8.2, as applicable, giving effect to such Qualified Stock
Repurchase as if it had been made on the first day of the Measurement Period
ending on the last day of such fiscal quarter), then the maximum aggregate
consideration for (x) all such Qualified Stock Repurchases made pursuant to this
clause (d) and (y) all cash dividends and cash distributions made pursuant to
clause (e) of this Section 9.9, that are (1) made by the Company during the
period commencing on the Effective Date and ending on September 30, 2016, shall
not exceed the sum of $400,000,000 plus the remaining Available Amount, and (2)
made by the Company from and after October 1, 2016, shall not exceed the sum of
$475,000,000 plus the remaining Available Amount; and

 

(h) Section 9.9(e) of the Credit Agreement is hereby amended and restated in its
entirety as follows:

(e) the Company may declare and pay cash dividends or cash distributions to any
holders of its Equity Interests if (i) no Default or Event of Default has
occurred or would occur after giving effect thereto, (ii) the Company shall be
in compliance with the financial covenants set forth in Section 9.1 in each case
calculated on a pro-forma basis as of the last day of the fiscal quarter ending
immediately preceding the date of the payment of such cash dividend or cash
distributions for which the relevant financial information has been delivered to
the Lenders pursuant to Section 8.1 or 8.2, as applicable, giving effect to such
cash dividend or cash distribution as if it had been made on the first day of
the Measurement Period ending on the last day of such fiscal quarter, and (iii)
if at the time of the payment of any cash dividend or cash distribution the
Total Leverage Ratio of the Company and its Restricted Subsidiaries equals or
exceeds 3.00 to 1.00 (calculated on a pro forma basis as of the last day of the
fiscal quarter ending immediately preceding the date of payment of such cash
dividend or cash distribution for which the relevant financial information has
been delivered to the Lenders

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pursuant to Section 8.1 or 8.2, as applicable, giving effect to such cash
dividend or cash distribution as if it had been made on the first day of the
Measurement Period ending on the last day of such fiscal quarter), then the
maximum aggregate amount paid or distributed for (x) all such cash dividends and
cash distributions made pursuant to this clause (e) and (y) all Qualified Stock
Repurchases made pursuant to clause (d) of this Section 9.9, that are (1) made
by the Company during the period commencing on the Effective Date and ending on
September 30, 2016, shall not exceed the sum of $400,000,000 plus the remaining
Available Amount, and (2) made by the Company from and after October 1, 2016,
shall not exceed the sum of $475,000,000 plus the remaining Available Amount.

(i) Section 9.10 of the Credit Agreement is hereby amended by replacing the
phrase “Section 9.6(c) and (d)” in clause (b) of such Section 9.10 with the
phrase “Section 9.6(c), (d) and (l)”.

(j) The following text is inserted as a new Section 12.17 of the Credit
Agreement:

12.17Acknowledgement and Consent to Bail-In of EEA Financial Institutions.

Notwithstanding anything to the contrary in any Credit Document or in any other
agreement, arrangement or understanding among any such parties, each party
hereto acknowledges that any liability of any EEA Financial Institution arising
under any Credit Document may be subject to the write-down and conversion powers
of an EEA Resolution Authority and agrees and consents to, and acknowledges and
agrees to be bound by:

(a)the application of any Write-Down and Conversion Powers by an EEA Resolution
Authority to any such liabilities arising hereunder which may be payable to it
by any party hereto that is an EEA Financial Institution; and

(b)the effects of any Bail-In Action on any such liability, including, if
applicable:

(i)a reduction in full or in part or cancellation of any such liability;

(ii)a conversion of all, or a portion of, such liability into shares or other
instruments of ownership in such EEA Financial Institution, its parent entity,
or a bridge institution that may be issued to it or otherwise conferred on it,
and that such shares or other instruments of ownership will be accepted by it in
lieu of any rights with respect to any such liability under this Agreement or
any other Credit Document; or

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(iii)the variation of the terms of such liability in connection with the
exercise of the Write-Down and Conversion Powers of any EEA Resolution
Authority.

3.

REPLACEMENT OF NON-CONSENTING LENDERS; RE-ALLOCATION AMONG LENDERS.

(a)

Pursuant to and in compliance with the terms of Section 5.22 of the Credit
Agreement (as amended by this Amendment), the Company hereby requires that each
Lender that is a Non-Consenting Lender (as defined in the Credit Agreement as so
amended) with respect to this Amendment, assign all of its rights and
obligations under the Credit Agreement and the Credit Documents, including such
Non-Consenting Lender’s Loans and Commitments, to JPMorgan Chase Bank, N.A., an
affiliate of J.P. Morgan Securities LLC (the Lead Arranger).

(b)

Subject to the satisfaction (or waiver) of the conditions to effectiveness
specified in Section 6 hereof, but with effect on and as of the date hereof, and
pursuant to Section 5.22 of the Credit Agreement (as amended by this Amendment)
and Section 12.6 of the Credit Agreement:

(i)

Each (x) Non-Consenting Lender and (y) Consenting Lender that has separately
agreed with the Lead Arranger to assign all or a portion of its Loans to
JPMorgan Chase Bank, N.A. (each such Lender, an Assignor Lender) hereby assigns
all or such portion of its rights and obligations under the Credit Agreement and
Credit Documents, including such Assignor Lender’s Loans and Commitments (such
rights and obligations, the Assigned Loans) to JPMorgan Chase Bank, N.A.; and

(ii)

JPMorgan Chase Bank, N.A. (at the direction of the Lead Arranger) shall assign
Assigned Loans to (x) each Additional Lender (as defined below) and (y) each
Consenting Lender which has separately agreed with the Lead Arranger to acquire
Assigned Loans (each such Lender, an Assignee Lender), in each case in the
respective amount, and at such time, as separately agreed between such Assignee
Lender and the Lead Arranger, such that, after giving effect to Section 2 of
this Amendment on the Second Amendment Effective Date, and the assignments
described herein, the amount of Loans and Commitments held by each Assignee
Lender shall be the amounts allocated thereto by the Lead Arranger.

Upon the effectiveness of this Section 3(b), this Amendment shall be deemed to
be the execution and delivery by (i) the applicable Non-Consenting Lender, (ii)
the Company, (iii) the Administrative Agent and (iv) the applicable Additional
Lender or Consenting Lender (as applicable), of an Assignment and Acceptance
with respect to each assignment effected under this Section 3(b), and the terms
and

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conditions of Annex 1 to the Assignment and Acceptance set forth in Exhibit C-1
to the Credit Agreement shall apply to each Assignor Lender and each Assignee
Lender as “Assignor” and “Assignee”, respectively, thereunder.

4.

REPRICING AMENDMENT

Subject to the satisfaction (or waiver) of the conditions to effectiveness
specified in Section 6 hereof, but with effect on and as of the date hereof, the
Credit Agreement is hereby amended as follows:

(a) Section 1.1 of the Credit Agreement is hereby amended by deleting clause (a)
of the definition of “Applicable Margin” and replacing it with the following
clause: “(a) with respect to the Term Loans, 2.00% in the case of ABR Loans and
3.00% in the case of Eurodollar Loans”.

(b) Section 1.1 of the Credit Agreement is hereby amended by inserting the
following definition in the appropriate alphabetical order:

Repricing Amendment Effective Date means the date on which the conditions
precedent in Section 6 of the Second Amendment are satisfied (or waived).

(c) Section 5.5(b) of the Credit Agreement is hereby amended and restated in its
entirety as follows:

(b) If the Company repays, prepays, refinances, substitutes or replaces any Term
Loans in connection with a Repricing Transaction, then the Company shall pay to
the Administrative Agent for the ratable account of each of the Term Lenders a
prepayment premium of 1.00% of the aggregate principal amount of the Term Loans
so repaid, prepaid, refinanced, substituted or replaced.  Such amounts shall be
due and payable on the date of effectiveness of such Repricing Transaction.  The
Company shall be subject to the requirements of this Section 5.5(b) only through
the six month anniversary of the Repricing Amendment Effective Date.

5.

CONDITIONS TO EFFECTIVENESS FOR CREDIT AGREEMENT AMENDMENTS

The amendments to the Credit Agreement set forth in Section 2 hereof shall
become effective, as of the date hereof, upon the satisfaction (or waiver) of
each of the following conditions to effectiveness:

(a)

Amendment No. 2. The Administrative Agent shall have received this Amendment,
duly executed and delivered by the (i) Company, (ii) the Administrative Agent
and (iii) Lenders constituting the Required Lenders.

(b)

Representations and Warranties. Each of the representations and warranties made
by the Company in Section 7 hereof shall, to the extent already

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qualified by materiality, be true and correct in all respects, and, if not so
already qualified, be true and correct in all material respects, as of the
Second Amendment Effective Date with the same force and effect as if made on and
as of the Second Amendment Effective Date (or, if any such representation or
warranty is expressly stated to have been made as of a specific date, as of such
specific date), and the Administrative Agent shall have received a certificate
of a senior officer of the Company to that effect, dated the Second Amendment
Effective Date, in a form reasonably acceptable to the Administrative Agent.

6.

CONDITIONS TO EFFECTIVENESS FOR REALLOCATION AND REPRICING AMENDMENT

The transactions set forth in Section 3 hereof and the amendment to the Credit
Agreement set forth in Section 4 hereof shall be consummated and become
effective, as of the date hereof, upon the satisfaction (or waiver) of each of
the following conditions to effectiveness:

(a)

Amendment No. 2. The Administrative Agent shall have received this Amendment,
duly executed and delivered by the (i) Company, (ii) the Administrative Agent,
(iii) Lenders constituting the Required Lenders and (iv) each Term Lender
(determined after giving effect to the assignments set forth in Section 3 of
this Amendment).

(b)

Conditions to Replacement of Non-Consenting Lenders and the Assignments. Each of
the conditions to the replacement of each Non-Consenting Lender pursuant to
Section 5.22 of the Credit Agreement (as amended by this Amendment) shall be
satisfied and the Administrative Agent shall have received, for the account of
each Assignor Lender, an amount equal to the then-outstanding principal amount
(calculated at “par”) plus all accrued but unpaid interest and fees with respect
to the Assigned Loans of such Assignor Lender.

(c)

Fees.  The Administrative Agent shall have received, for the account of each
Consenting Lender that is a Revolving Credit Lender, a consent fee in an amount
equal to 0.10% of the aggregate principal amount of Revolving Credit Loans and
undrawn Revolving Credit Commitments held by such Lender on the Repricing
Amendment Effective Date.  The Administrative Agent (on behalf of itself, and on
behalf of the Lenders and the Lead Arranger) shall have received all fees and
other amounts due and payable to the Administrative Agent, the Lead Arranger and
the Lenders on or prior to the Repricing Amendment Effective Date, including
(without duplication of any amounts paid to the Administrative Agent under
Section 12.5(a) of the Credit Agreement, or to the Lead Arranger and the
Administrative Agent under the terms of that certain Engagement Letter, dated as
of May 16, 2016, made by and between the Company and the Lead Arranger) all
reasonable

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out-of-pocket expenses of the Administrative Agent, the Lead Arranger and the
Lenders (including the reasonable and documented fees, charges and disbursements
of Freshfields Bruckhaus Deringer US LLP, sole counsel to the Administrative
Agent and  the Lead Arranger for this Amendment) incurred in connection with the
negotiation, preparation, execution and delivery of this Amendment.

(d)

Representations and Warranties. Each of the representations and warranties made
by the Company in Section 7 hereof shall, to the extent already qualified by
materiality, be true and correct in all respects, and, if not so already
qualified, be true and correct in all material respects, as of the Repricing
Amendment Effective Date with the same force and effect as if made on and as of
the Repricing Amendment Effective Date (or, if any such representation or
warranty is expressly stated to have been made as of a specific date, as of such
specific date), and the Administrative Agent shall have received a certificate
of a senior officer of the Company to that effect, dated the Repricing Amendment
Effective Date, in a form reasonably acceptable to the Administrative Agent.

7.

REPRESENTATIONS AND WARRANTIES

The Company represents and warrants to the Lenders and the Administrative Agent
as of the date hereof that:

(a)

this Amendment has been duly and validly executed and delivered by the Company
and constitutes the Company's legal, valid and binding obligation, enforceable
against the Company in accordance with its terms, except as such enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium,
or similar laws affecting creditors’ rights generally and by general principles
of general equity (regardless of whether enforcement is sought in a proceeding
in equity or at law); and

(b)

after giving effect to this Amendment, (i) no Default shall have occurred and be
continuing and (ii) the representations and warranties made by the Company in
Section 6 of the Credit Agreement are true and correct on and as of the date
hereof with the same force and effect as if made on and as of such date (or, if
any such representation or warranty is expressly stated to have been made as of
a specific date, as of such specific date).

It shall be an Event of Default for all purposes of the Credit Agreement, as
amended hereby, if any representation, warranty or certification made by the
Company in this Amendment shall prove to have been false or misleading as of the
time made or furnished in any material respect.

8.

ADDITIONAL LENDERS

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Each Lender party hereto which is not a Lender under the Credit Agreement prior
to giving effect to this Amendment (each, an Additional Lender) (i) confirms
that it has received a copy of the Credit Agreement and the other Credit
Documents, together with copies of the financial statements referred to therein
and such other documents and information as it has deemed appropriate to make
its own credit analysis and decision to enter into this Amendment; (ii) agrees
that it will, independently and without reliance upon the Lead Arranger, the
Administrative Agent, or any other Lender or Agent and based on such documents
and information as it shall deem appropriate at the time, continue to make its
own credit decisions in taking or not taking action under the Credit Agreement;
(iii) appoints and authorizes the Administrative Agent to take such action as
agent on its behalf and to exercise such powers under the Credit Agreement and
the other Credit Documents as are delegated to the Administrative Agent by the
terms thereof, together with such powers as are reasonably incidental thereto;
and (iv) agrees that it has complied with Section 12.6 of the Credit Agreement
and, on the Repricing Amendment Effective Date, has become a “Lender” under, and
for all purposes of, the Credit Agreement and the other Credit Documents, and
shall be subject to and bound by the terms thereof, and shall perform all the
obligations of and shall have all rights of a Lender thereunder.

9.

DOCUMENTS OTHERWISE UNCHANGED

Except as herein provided, the Credit Agreement shall remain unchanged and in
full force and effect, and each reference to the Credit Agreement and words of
similar import in the Credit Agreement, as amended by this Amendment, and in the
Notes, any other Credit Documents and any other documents to which the Company
is a party shall be a reference to the Credit Agreement as amended by this
Amendment and as the same may be further amended, supplemented and otherwise
modified and in effect from time to time.

10.

COUNTERPARTS

This Amendment may be executed and delivered in counterparts (including by
facsimile or any other electronic transmission), each of which shall be
identical and all of which, when taken together, shall constitute one and the
same instrument, and any of the parties hereto may execute this Amendment by
signing any such counterpart.

11.

BINDING EFFECT

This Amendment shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns.

12.

GOVERNING LAW

This Amendment shall be construed in accordance with, and this Amendment and all
matters arising out of or relating in any way whatsoever to this Amendment
(whether in contract, tort or otherwise) shall be governed by, the internal laws
of the State of New York.

Page 12

 

 

 

 

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13.

SUBMISSION TO JURISDICTION; WAIVER OF JURY TRIAL.    

(a)

EACH PARTY TO THIS AMENDMENT HEREBY IRREVOCABLY AND UNCONDITIONALLY:

(i)

SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING
TO THIS AMENDMENT, OR FOR RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT IN RESPECT
THEREOF, TO THE EXCLUSIVE GENERAL JURISDICTION OF THE SUPREME COURT OF THE STATE
OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN, THE COURTS OF THE UNITED STATES
OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND APPELLATE COURTS FROM ANY
THEREOF; and

(ii)

CONSENTS THAT ANY SUCH ACTION OR PROCEEDING MAY BE BROUGHT IN SUCH COURTS, AND
WAIVES ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH
ACTION OR PROCEEDING IN ANY SUCH COURT OR THAT SUCH ACTION OR PROCEEDING WAS
BROUGHT IN AN INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE SAME.

(b)

EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY
OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).  EACH
PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B)
ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER
INTO THIS AMENDMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION 13(b).

[SIGNATURE PAGE FOLLOWS]

 

Page 13

 

 

 

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to be
duly executed as of the day and year first above written.

B/E AEROSPACE, INC.

 

By:     /s/ Joseph T. Lower              

Name:  Joseph T. Lower

Title:  Vice President and Chief Financial Officer

[SIGNATURE PAGE TO AMENDMENT NO. 2]

 

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JPMORGAN CHASE BANK, N.A.,
as Administrative Agent

 

By:     /s/ Gene Riego De Dios        

Name:  Gene Riego De Dios

Title:  Vice President

 

 

[SIGNATURE PAGE TO AMENDMENT NO. 2]

 

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Lender Signature Pages are on file with the Administrative Agent

 

 

[SIGNATURE PAGE TO AMENDMENT NO. 2]

 

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