EXHIBIT 10-AAii

 

AMENDMENT NUMBER 10 TO

TRANSFER AND ADMINISTRATION AGREEMENT

 

AMENDMENT NUMBER 10 TO TRANSFER AND ADMINISTRATION AGREEMENT (this “Amendment”),
dated as of September 10, 2005 among TECH DATA CORPORATION, a Florida
corporation (“Tech Data”), as collection agent (in such capacity, the
“Collection Agent”), TECH DATA FINANCE SPV, INC., a Delaware corporation
headquartered in California, as transferor (in such capacity, the “Transferor”),
YC SUSI TRUST, a Delaware statutory trust (“SUSI Issuer”), LIBERTY STREET
FUNDING CORP., a Delaware corporation, (“Liberty”), AMSTERDAM FUNDING
CORPORATION, a Delaware corporation (“AFC”), FALCON ASSET SECURITIZATION
CORPORATION, a Delaware corporation, (“Falcon” and collectively with the SUSI
Issuer, Atlantic, Liberty, and AFC, the “Class Conduits”), THE BANK OF NOVA
SCOTIA, a banking corporation organized and existing under the laws of Canada,
acting through its New York Agency (“Scotia Bank”), as a Liberty Bank Investor
and as agent for Liberty and the Liberty Bank Investors (in such capacity, the
“Liberty Agent”), ABN AMRO BANK N.V., a banking corporation organized and
existing under the laws of the Netherlands and acting through its Chicago Branch
(“ABN AMRO”), as an AFC Bank Investor and as agent for AFC and the AFC Bank
Investors (in such capacity, the “AFC Agent”), JPMORGAN CHASE BANK, N.A.
(successor by merger to Bank One, N.A.), a national banking association
(“JPMorgan Chase”), as a Falcon Bank Investor and as agent for Falcon and the
Falcon Bank Investors (in such capacity, the “Falcon Agent”) and BANK OF
AMERICA, NATIONAL ASSOCIATION, a national banking association (“Bank of
America”), as agent for the SUSI Issuer, Liberty, AFC, Falcon, the SUSI Issuer
Bank Investors, the Liberty Bank Investors, the AFC Bank Investors and the
Falcon Bank Investors (in such capacity, the “Administrative Agent”), as a SUSI
Issuer Bank Investor, as agent for the SUSI Issuer and the SUSI Issuer Bank
Investors (in such capacity, the “SUSI Issuer Agent”) and Lead Arranger,
amending that certain Transfer and Administration Agreement dated as of May 19,
2000, among the Transferor, the Collection Agent, the Class Conduits (as defined
thereunder) and the Bank Investors (as amended to the date hereof, the “Original
Agreement” and said agreement as amended hereby, the “Agreement”).

 

WHEREAS, the Transferor has requested that certain amendments be made to the
Original Agreement

 

WHEREAS, the Agent, the Class Conduits, the Class Agents and the Bank Investors
on the terms and conditions set forth herein, consent to such amendments; and

 

WHEREAS, capitalized terms used herein shall have the meanings assigned to such
terms in the Original Agreement;

 

NOW, THEREFORE, in consideration of the premises and mutual covenants herein
contained, the parties hereto agree as follows:

 

SECTION 1. SECTION 1. Amendment to Section 1.1. Section 1.1 of the Original
Agreement is hereby amended by adding in the appropriate alphabetical position
the following:

 

“Responsible Officer” means, with respect to any Person, the president, the
chief executive officer, the chief financial officer, treasurer or chief
accounting officer of such Person.”

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SECTION 2. Amendment of Section 5.1(a). Sections 5.1(a)(i), (ii) and (iii) of
the Original Agreement are hereby deleted and replaced with the following:

 

“(i) Annual Reporting. Within ninety-five (95) days after the close of each of
its fiscal years, for itself consolidated and consolidating unaudited balance
sheets as at the close of such fiscal year and consolidated and consolidating
profit and loss and reconciliation of surplus statements and a statement of cash
flows for the period from the beginning of such fiscal year to the end of such
fiscal year, all certified by one of its Responsible Officers.

 

(ii) Quarterly Reporting. Within fifty (50) days after the close of the first
three quarterly periods of each of its fiscal years, for itself consolidated and
consolidating unaudited balance sheets as at the close of each such period and
consolidated and consolidating profit and loss and reconciliation of surplus
statements and a statement of cash flows for the period from the beginning of
such fiscal year to the end of such quarter, all certified by one of its
Responsible Officers.

 

(iii) Compliance Certificate. Within ninety-five (95) days of the close of each
of its fiscal years and within fifty (50) days of the close of each of the first
three fiscal quarters of each of its fiscal years, a compliance certificate
signed by one of its Responsible Officers stating that no Termination Event or
Potential Termination Event exists for any Class, or if any Termination Event or
Potential Termination Event exists for any Class, stating the nature and status
thereof.”

 

SECTION 3. Amendment to Section 5.1(n). Section 5.1(n) of the Original Agreement
is hereby deleted and replaced with the following (solely for convenience,
changed language is italicized):

 

“(n) Legends. At all times from and after September 30, 2005, the Transferor
shall cause each and every electronic representation of any Receivable (whether
in disk, tape or other medium), as well as any paper printout of any such
electronic records, to be clearly marked with the following legend: “ANY
PROSPECTIVE PURCHASER OF THE ACCOUNTS DESCRIBED HEREIN OR ANY SECURED PARTY WITH
RESPECT THERETO IS HEREBY NOTIFIED THAT AN INTEREST IN THESE ACCOUNTS HAS BEEN
SOLD OR TRANSFERRED TO A THIRD PARTY LENDER, PURCHASER OR SECURED PARTY.” Such
legend shall be in bold, in type face at least as large as 10 point and shall be
entirely in capital letters.”

 

SECTION 4. Amendment of Section 5.3(a). Sections 5.3(a)(ii) and (iii) of the
Original Agreement are hereby deleted and replaced with the following (solely
for convenience, changed language is italicized):

 

“(ii) Quarterly Reporting. Within fifty (50) days after the close of the first
three quarterly periods of each of its fiscal years, for itself consolidated and
consolidating unaudited balance sheets as at the close of each such period and
consolidated and consolidating profit and loss and reconciliation of surplus
statements and a statement of cash flows for the period from the beginning of
such fiscal year to the end of such quarter, all certified by one of its
Responsible Officers.

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(iii) Compliance Certificate. Together with the financial statements required
hereunder, a compliance certificate signed by one of its Responsible Officers
stating that no Termination Event or Potential Termination Event exists for any
Class, or if any Termination Event or Potential Termination Event exists for any
Class, stating the nature and status thereof and containing a computation of,
and showing compliance with, each of the financial ratios and restrictions
contained in this Agreement.”

 

SECTION 5. Amendment of Section 11.7. Section 11.7 of the Original Agreement is
hereby deleted and replaced with the following:

 

“SECTION 11.7. Treatment of Certain Information; Confidentiality

 

Each of the Administrative Agent, the Class Investors and the Class Agents
agrees to maintain the confidentiality of the Information (as defined below),
except that Information may be disclosed (a) solely in respect of Information
relating to the Collection Agent’s servicing hereunder and the Receivables
(including information relating to defaults, delinquencies, collection, payment
and/or liquidation rates and concentrations), to its Affiliates and to its and
its Affiliates’ respective partners, directors, officers, employees, agents,
advisors and representatives (it being understood that the Persons to whom such
disclosure is made will be informed of the confidential nature of such
Information and instructed to keep such Information confidential), (b) to the
extent requested by any regulatory authority purporting to have jurisdiction
over it (including any self-regulatory authority, such as the National
Association of Insurance Commissioners), (c) to the extent required by
applicable laws or regulations or by any subpoena or similar legal process,
(d) among the Administrative Agent and the Bank Investors only, and in respect
of Information relating to the Collection Agent’s servicing hereunder and the
Receivables (including information relating to defaults, delinquencies,
collection, payment and/or liquidation rates and concentrations), to any party
hereto, (e) solely in respect of Information relating to the Collection Agent’s
servicing hereunder and the Receivables (including information relating to
defaults, delinquencies, collection, payment and/or liquidation rates and
concentrations), in connection with the exercise of any remedies hereunder or
under any other Transaction Document or any action or proceeding relating to
this Agreement or any other Transaction Document or the enforcement of rights
hereunder or thereunder, (f) solely in respect of Information relating to the
Collection Agent’s servicing hereunder and the Receivables (including
information relating to defaults, delinquencies, collection, payment and/or
liquidation rates and concentrations), subject to an agreement containing
provisions substantially the same as those of this Section, to (i) any assignee
of or participant in, or any prospective assignee of or participant in, any of
its rights or obligations under this Agreement or (ii) any potential Bank
Investor, any related commercial paper issuer that finances a Class Conduit, any
related Liquidity Provider or any related Credit Support Provider in relation to
this Agreement, (g) solely in respect of Information relating to the Collection
Agent’s servicing hereunder and the Receivables (including information relating
to defaults, delinquencies, collection, payment and/or liquidation rates and
concentrations), to any nationally recognized rating agency rating any Class
Conduit’s Commercial Paper, (h) with the consent of the Collection Agent or the
Transferor or (i) to the extent such Information (x) becomes publicly available
other than as a result of a breach of this Section or (y) becomes available to
the Administrative Agent, any Class Investor, Class Agent or any of their
respective Affiliates on a nonconfidential basis from a source other than the
Collection Agent or the Transferor.

 

For purposes of this Section, “Information” means all information received from
the Collection Agent or the Transferor relating to the Collection Agent or the
Transferor or any of their respective businesses, other than any such
information that is available to the

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Administrative Agent, any Class Investor or Class Agent on a nonconfidential
basis prior to disclosure by the Collection Agent or the Transferor, provided
that, in the case of information received from the Collection Agent or the
Transferor after the date of Amendment Number 10 to this Agreement, such
information is clearly identified at the time of delivery as confidential. Any
Person required to maintain the confidentiality of Information as provided in
this Section shall be considered to have complied with its obligation to do so
if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own
confidential information.

 

Each of the Administrative Agent, the Class Investors and the Class Agents
acknowledges that (a) the Information may include material non-public
information concerning the Collection Agent or the Transferor, as the case may
be, (b) it has developed compliance procedures regarding the use of material
non-public information and (c) it will handle such material non-public
information in accordance with applicable Law, including Federal and state
securities Laws.”

 

SECTION 6. Conditions Precedent. This Amendment shall not become effective until
the day on which the Administrative Agent shall have received the following:

 

(a) A copy of this Amendment executed by each party hereto;

 

(b) A copy of the Resolutions of the Board of Directors of the Transferor and
Tech Data certified by its Secretary approving this Amendment and the other
documents to be delivered by the Transferor and Tech Data hereunder;

 

(c) A Certificate of the Secretary of the Transferor and Tech Data certifying
the names and signatures of the officers authorized on its behalf to execute
this Amendment and any other documents to be delivered by it hereunder (on which
Certificates the Class Conduits, the Class Agents, the Administrative Agent and
the Bank Investors may conclusively rely until such time as the Administrative
Agent shall receive from the Transferor and Tech Data a revised Certificate
meeting the requirements of this clause (c)).

 

SECTION 7. Special Obligor. The parties hereto agree and acknowledge that that
as of the date hereof no Obligor is designated as a Special Obligor.

 

SECTION 8. Representations and Warranties. The Transferor hereby makes to the
Class Investors, the Class Agents and the Administrative Agent, on and as of the
date hereof, all of the representations and warranties set forth in Section 3.1
of the Original Agreement. In addition, the Collection Agent and the Guarantor
hereby make to the Class Investors, the Class Agents and the Administrative
Agent, on the date hereof, all the representations and warranties set forth in
Section 3.3 of the Original Agreement.

 

SECTION 9. Successors and Assigns. This Amendment shall bind, and the benefits
hereof shall inure to the parties hereof and their respective successors and
permitted assigns;

 

SECTION 10. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. THE TRANSFEROR HEREBY SUBMITS
TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE
SOUTHERN DISTRICT OF NEW YORK AND OF ANY NEW YORK STATE COURT SITTING IN THE
CITY OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR
RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

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SECTION 11. Severability; Counterparts. This Amendment may be executed in any
number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of
which when taken together shall constitute one and the same instrument. Any
provisions of this Amendment which are 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.

 

SECTION 12. Captions. The captions in this Amendment are for convenience of
reference only and shall not define or limit any of the terms or provisions
hereof.

 

SECTION 13. Ratification. Except as expressly affected by the provisions hereof,
the Original Agreement as amended by this Amendment shall remain in full force
and effect in accordance with its terms and ratified and confirmed by the
parties hereto. On and after the date hereof, each reference in the Original
Agreement to “this Agreement”, “hereunder”, “herein” or words of like import
shall mean and be a reference to the Original Agreement as amended by this
Amendment.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment as of the date first written above.

 

TECH DATA FINANCE SPV, INC., as Transferor By:  

/s/ Jeffery P. Howells

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Name:   Jeffery P. Howells Title:   Executive Vice President and Chief    
Financial Officer

TECH DATA CORPORATION,

as Collection Agent

By:  

/s/ Jeffery P. Howells

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Name:   Jeffery P. Howells Title:   Executive Vice President and Chief    
Financial Officer

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YC SUSI TRUST By:   Bank of America, National Association, as     Administrative
Trustee of YC SUSI Trust By:  

/s/ John Zeszutek

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Name:   John Zeszutek Title:   Vice President LIBERTY STREET FUNDING CORP. By:  

/s/ Andrew L. Stidd

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Name:   Andrew L. Stidd Title:   President AMSTERDAM FUNDING CORPORATION By:  

/s/ Andrew L. Stidd

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Name:   Andrew L. Stidd Title:   President FALCON ASSET SECURITIZATION
CORPORATION By:  

/s/ Maureen E. Marcon

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Name:   Maureen E. Marcon Title:   Authorized Signatory BANK OF AMERICA,
NATIONAL ASSOCIATION, as Administrative Agent, SUSI Issuer Agent and as a SUSI
Issuer Bank Investor By:  

/s/ John Zeszutek

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Name:   John Zeszutek Title:   Vice President

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THE BANK OF NOVA SCOTIA, as Liberty Agent and as a Liberty Bank Investor By:  

/s/ J. Alan Edwards

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Name:   J. Alan Edwards Title:   Managing Director

ABN AMRO BANK N.V., as AFC Agent

and as an AFC Bank Investor

By:  

/s/ Michael McIntyre

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Name:   Michael McIntyre Title:   Vice President By:  

/s/ Kevin G. Pilz

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Name:   Kevin G. Pilz Title:   Vice President JPMORGAN CHASE BANK, N.A.

(successor by merger to Bank One, N.A.),

as Falcon Agent and as a Falcon Bank Investor

By:  

/s/ Maureen E. Marcon

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Name:   Maureen E. Marcon