Exhibit 10.43

 

EXECUTION COPY

 

FIRST AMENDMENT TO THE

TRANSFER AND ADMINISTRATION AGREEMENT

 

THIS FIRST AMENDMENT TO THE TRANSFER AND ADMINISTRATION AGREEMENT, dated as of
May 14, 2009 (this “Amendment”), is entered into by and among (i) UNITED
STATIONERS RECEIVABLES, LLC (the “SPV”), (ii) UNITED STATIONERS SUPPLY CO., as
Originator (the “Originator”), (iii) UNITED STATIONERS FINANCIAL SERVICES LLC,
as Seller (the “Seller”) and as Servicer (the “Servicer”), (iv) ENTERPRISE
FUNDING COMPANY LLC, as a conduit investor (“Enterprise Funding”), (v) MARKET
STREET FUNDING LLC, as a conduit investor (“Market Street”), (vi) BANK OF
AMERICA, NATIONAL ASSOCIATION, as an Alternate Investor (an “Alternate
Investor”) and Agent (the “Agent”) and (vii) PNC BANK, NATIONAL ASSOCIATION, as
an Alternate Investor (an “Alternate Investor”).  Capitalized terms used and not
otherwise defined herein are used as defined in the Transfer and Administration
Agreement, including by reference therein, dated as of March 3, 2009 (as
amended, amended and restated, supplemented or otherwise modified through the
date hereof, the “Transfer Agreement”), among the SPV, the Originator, the
Seller, the Alternate Investors party thereto, the Conduit Investors party
thereto, the Class Agents party thereto and the Agent.

 

WHEREAS, the parties hereto desire to amend the Transfer Agreement in certain
respects as provided herein;

 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are herby acknowledged, the parties hereto agree as follows:

 

SECTION 1.    Amendment to the Transfer Agreement.  Section 6.1(a)(ii) of the
Transfer Agreement is hereby amended by inserting the following parenthetical
immediately after the phrase “forty-five (45) days” therein:

 

“(and with respect to the SPV, Seller and Servicer, solely for the quarterly
period ended March 31, 2009, within sixty (60) days)”

 

SECTION 2.    Representations and Warranties.

 

Each of the Originator, the SPV, the Seller and the Servicer hereby certifies
that, subject to the effectiveness of this Amendment, each of the
representations and warranties set forth in the Transfer Agreement is true and
correct on the date hereof, as if each such representation and warranty were
made on the date hereof.

 

SECTION 3.    Transfer Agreement in Full Force and Effect as Amended.

 

Except as specifically amended hereby, the Transfer Agreement shall remain in
full force and effect.  All references to the Transfer Agreement shall be deemed
to mean the Transfer Agreement as modified hereby.  The parties hereto agree to
be bound by the terms and conditions of the Transfer Agreement, as amended by
this Amendment, as though such terms and conditions were set forth herein.

 

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SECTION 4.    Consent of Performance Guarantor.

 

The Performance Guarantor hereby consents to the amendments to the Transfer
Agreement set forth in this Amendment.

 

SECTION 5.    Miscellaneous.

 

5.1           This Amendment may be executed in any number of counterparts, and
by the different parties hereto on the same or separate counterparts, each of
which when so executed and delivered shall be deemed to be an original
instrument but all of which together shall constitute one and the same
agreement.  Delivery of an executed counterpart of a signature page by facsimile
or other electronic transmission shall be effective as delivery of a manually
executed counterpart of this Amendment.  This Amendment shall become effective
upon the Agent’s receipt of counterparts of this Amendment, duly executed by all
parties hereto (including the Performance Guarantor).

 

5.2           The descriptive headings of the various sections of this Amendment
are inserted for convenience of reference only and shall not be deemed to affect
the meaning or construction of any of the provisions hereof.

 

5.3           This Amendment may not be amended or otherwise modified except as
provided in the Transfer Agreement.

 

5.4           Any provision in 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 provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

 

5.5           THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER
THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK.

 

[Signature Pages Follow]

 

2

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

 

 

 

UNITED STATIONERS RECEIVABLES, LLC

 

 

 

 

 

By:

 

 

Name:

 

Title:

 

 

 

UNITED STATIONERS SUPPLY CO., as Originator

 

 

 

 

 

By:

 

 

Name:

 

Title:

 

 

 

UNITED STATIONERS FINANCIAL SERVICES LLC, as Seller and as Servicer

 

 

 

 

 

By:

 

 

Name:

 

Title:

 

[signatures continued on next page]

 

S-1

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BANK OF AMERICA, NATIONAL ASSOCIATION, as an Alternate Investor and Agent

 

 

 

 

 

By:

 

 

Name:

 

Title:

 

 

 

 

 

ENTERPRISE FUNDING, as a Conduit Investor

 

 

 

By:

 

 

Name:

 

 

Title:

 

 

[signatures continued on next page]

 

S-2

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PNC BANK, NATIONAL ASSOCIATION, as an Alternate Investor

 

 

 

 

 

By:

 

 

Name:

 

Title:

 

 

 

 

 

MARKET STREET, as a Conduit Investor

 

 

 

By:

 

 

Name:

 

 

Title:

 

 

[signatures continued on next page]

 

S-3

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Acknowledged and consented to by:

 

 

 

UNITED STATIONERS INC., as the Performance Guarantor

 

 

 

 

 

By:

 

 

Name:

 

 

Title:

 

 

[end of signatures]

 

S-4

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