Exhibit 10.1
AMENDMENT NO. 2 TO CREDIT AGREEMENT
     This AMENDMENT NO. 2 TO CREDIT AGREEMENT (this “Amendment”), dated as of
August 16, 2007, is entered into by and among (1) AMERICAN COMMERCIAL LINES LLC,
a Delaware limited liability company, JEFFBOAT LLC, a Delaware limited liability
company, and ACL TRANSPORTATION SERVICES LLC, a Delaware limited liability
company (formerly known as Louisiana Dock Company LLC) (each a “Borrower” and
collectively, the “Borrowers”): (2) the Required Lenders (as defined in the
Credit Agreement referred to below); and (3) WELLS FARGO BANK, NATIONAL
ASSOCIATION as Administrative Agent, Security Trustee, L/C Issuer and Swing Line
Lender, with respect to the following:
     A. The Borrowers, the Administrative Agent and the Lenders have previously
entered into that certain Credit Agreement dated as of April 27, 2007 (as
amended prior to the date hereof, the “Existing Credit Agreement” and as the
same may be further amended, restated, supplemented or otherwise modified and in
effect from time to time, including, but not limited to, by this Amendment, the
“Credit Agreement”). Capitalized terms are used in this Amendment as defined in
the Credit Agreement, unless otherwise defined herein.
     B. The Borrowers have requested certain amendments to the Existing Credit
Agreement as set forth below.
     C. The Administrative Agent and the Required Lenders are willing to grant
such requests on the terms and subject to the conditions set forth in this
Amendment.
          NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:
          1. Effectiveness. The effectiveness of the provisions of Section 2 of
this Amendment is subject to the satisfaction of the conditions further
described in Section 3 of this Amendment.
          2. Amendments; Post-Closing Items; Extensions.
               (a) Phased-Out Entities/Mergers.
                    (i) Section 5.01(i) of the Existing Credit Agreement is
hereby amended by replacing the phrase “(y) within 30 days after the Closing
Date with respect to any Phased-Out Entities” with “(y) no later than
October 31, 2007 with respect to American Barge Line Company and no later than
December 31, 2007 with respect to American Commercial Lines International LLC
and ACBL Dominica S.A.”
                    (ii) Section 5.02(d)(i) of the Existing Credit Agreement is
hereby amended by replacing the phrase “American Barge Line Company may merge
with and into Commercial Barge Line Company” with “American Barge Line Company
may merge with and into Parent or Commercial Barge Line Company.”

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               (b) Additional Collateral. Section 5.01(k)(ii) of the Existing
Credit Agreement is hereby amended by replacing the phrase “(by July 15 and
January 15 of each calendar year)” with “(by July 15 and January 15 of each
calendar year, beginning with January 15, 2008).”
               (c) Real Property Security Documents. The introductory sentence
of Section 5.01(m) of the Existing Credit Agreement is hereby amended and
restated in its entirety as follows:
     “The Loan Parties shall no later than October 31, 2007 deliver each of the
items listed below, each in form and substance satisfactory to the
Administrative Agent:”
               (d) Certificates of Documentation. Section 5.01(o) of the
Existing Credit Agreement is hereby amended by replacing the phrase “within
30 days after the Closing Date (as such time period may be extended by the
Administrative Agent in its sole and reasonable discretion up to a total period
of 90 days)” with “no later than October 31, 2007.”
               (e) BofA Control Agreement/Section 5.02(p). The Required Lenders
hereby agree that deadline for the Control Agreement(s) required pursuant to
Section 5.02(p) of the Existing Credit Agreement for the Loan Parties’ accounts
at Bank of America, N.A. is hereby extended to October 31, 2007. The Borrowers
hereby represent and warrant that all other accounts of the Loan Parties fall
within the exception for required Control Agreements described in
Section 5.02(e)(i) of the Existing Credit Agreement.
               (f) ACL Finance Corp. Notwithstanding anything to the contrary in
the Credit Documents, the Borrowers agree to cause ACL Finance Corp. to promptly
execute documentation that has the effect of making ACL Finance Corp. a Borrower
(instead of a Guarantor) after receiving such documentation from the
Administrative Agent (at the request of the Required Lenders), together with
resolutions, certificates and opinions related thereto, all in form and
substance satisfactory to the Administrative Agent and the Required Lenders.
          3. Conditions Precedent to the Effectiveness of this Amendment. The
effectiveness of the provisions of Section 2 of this Amendment is conditioned
upon, and such provisions shall not be effective until, satisfaction of the
following conditions (the first date on which all of the following conditions
have been satisfied being referred to herein as the “Amendment Effective Date”):
               (a) The Administrative Agent shall have received, on behalf of
the Lenders, this Amendment, duly executed and delivered by the Borrowers, the
Administrative Agent, the Required Lenders and the Guarantors.
               (b) The Administrative Agent shall have received
joinder/supplement agreements for the Guaranty, the Security Agreement, the

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Intellectual Property Security Agreement and the Environmental Indemnity
Agreement, and a Special Power of Attorney, duly executed by ACL Finance Corp.
and the Administrative Agent.
               (c) The representations and warranties set forth in this
Amendment shall be true and correct as of the Amendment Effective Date.
          4. Representations and Warranties. In order to induce the
Administrative Agent and the Lenders to enter into this Amendment and to amend
the Existing Credit Agreement in the manner provided in this Amendment, the
Borrowers represent and warrant to the Administrative Agent and each Lender as
follows:
               (a) Authorization of Agreements. The execution and delivery of
this Amendment by the Borrowers and the Guarantors and the performance by the
Borrowers of the Existing Credit Agreement as amended by this Amendment
(hereafter referred to as the “Amended Credit Agreement”) (i) are within the
power of the Borrowers and the Guarantors and (ii) have been duly authorized by
all necessary actions on the part of the Borrowers and the Guarantors.
               (b) Enforceability. Each of this Amendment and the Amended Credit
Agreement has been duly executed and delivered by the Borrowers and the
Amendment has been duly executed and delivered by the Guarantors and, in each
case, constitutes a legal, valid and binding obligation of the Borrowers and the
Guarantors (as applicable), enforceable against the Borrowers and the Guarantors
(as applicable) in accordance with its terms, except as limited by bankruptcy,
insolvency or other laws of general application relating to or affecting the
enforcement of creditors’ rights generally and general principles of equity.
               (c) Non-Contravention. The execution and delivery by the
Borrowers and the Guarantors of this Amendment and the performance by the
Borrowers of each of this Amendment and the Amended Credit Agreement do not
(i) violate any Requirement of Law applicable to any Loan Party; (ii) violate
any provision of, or result in the breach or the acceleration of, or entitle any
other Person to accelerate (whether after the giving of notice or lapse of time
or both), any Contractual Obligation of any Loan Party where such violation,
breach or acceleration could result in a Material Adverse Effect; (iii) result
in the creation or imposition of any Lien (or the obligation to create or impose
any Lien) upon any property, asset or revenue of any Loan Party (except for
Permitted Liens) or (iv) violate any provision of any existing law, rule,
regulation, order, writ, injunction or decree of any court or Governmental
Authority to which it is subject, where such breach could result in a Material
Adverse Effect.
               (d) Governmental Consents. No authorization or approval or other
action by, and no notice to or filing with, any Governmental Authority or
regulatory body is required for the due execution, delivery and performance by
the Borrowers or the Guarantors of this Amendment.
               (e) Representations and Warranties in the Credit Agreement. The
Borrowers confirm that as of the Amendment Effective Date and after giving
effect to this Amendment, (i) the representations and warranties contained in
Article IV of the Credit Agreement are true and

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correct in all material respects (except to the extent any such representation
and warranty is expressly stated to have been made as of a specific date, in
which case it shall be true and correct as of such specific date) and (ii) no
Default has occurred and is continuing.
     5. Miscellaneous.
               (a) Reference to and Effect on the Existing Credit Agreement and
the other Credit Documents.
                    (i) Except as specifically amended by this Amendment and the
documents executed and delivered in connection herewith, the Existing Credit
Agreement and the other Credit Documents shall remain in full force and effect
and are hereby ratified and confirmed by the Borrowers in all respects.
                    (ii) The execution and delivery of this Amendment and
performance of the Amended Credit Agreement shall not, except as expressly
provided herein, constitute a waiver of any provision of, or operate as a waiver
of any right, power or remedy of the Administrative Agent or the Lenders under,
the Existing Credit Agreement or any of the other Credit Documents.
                    (iii) Upon the conditions precedent set forth herein being
satisfied, this Amendment shall be construed as one with the Existing Credit
Agreement, and the Existing Credit Agreement shall, where the context requires,
be read and construed throughout so as to incorporate this Amendment.
                    (iv) If there is any conflict between the terms and
provisions of this Amendment and the terms and provisions of the Credit
Agreement or any other Credit Document, the terms and provisions of this
Amendment shall govern.
               (b) Expenses. The Borrowers acknowledge that all costs and
expenses of the Administrative Agent incurred in connection with this Amendment
will be paid by the Borrowers in accordance with Section 8.02 of the Existing
Credit Agreement.
               (c) Headings. Section and subsection headings in this Amendment
are included for convenience of reference only and shall not constitute a part
of this Amendment for any other purpose or be given any substantive effect.
               (d) Counterparts. This Amendment may be executed in any number of
identical counterparts, any set of which signed by all the parties hereto shall
be deemed to constitute a complete, executed original for all purposes.
Transmission by telecopier (or by email of a PDF or similar electronic image
file) of an executed counterpart of this Amendment shall be deemed to constitute
due and sufficient delivery of such counterpart.
               (e) Governing Law. This Amendment shall be governed by and
construed in accordance with the laws of the State of New York without reference
to conflicts of law rules other than Section 5-1401 of the General Obligations
Law of the State of New York.

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          6. Credit Documents. This Amendment is a Credit Document as defined in
the Credit Agreement, and the provisions of the Credit Agreement generally
applicable to Credit Documents are applicable hereto and incorporated herein by
this reference.
[This Space Intentionally Left Blank]

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

                  AMERICAN COMMERCIAL LINES LLC,
a Delaware limited liability company    
 
           
 
  By:   /s/ Christopher A. Black    
 
           
 
  Name:   Christopher A. Black    
 
  Title:   Sr. Vice President and CFO    
 
                JEFFBOAT LLC,
a Delaware limited liability company    
 
           
 
  By:   /s/ Christopher A. Black    
 
           
 
  Name:   Christopher A. Black    
 
  Title:   Sr. Vice President and CFO    
 
                ACL TRANSPORTATION SERVICES LLC,
a Delaware limited liability company (formerly
known as Louisiana Dock Company LLC)    
 
           
 
  By:   /s/ Christopher A. Black    
 
           
 
  Name:   Christopher A. Black    
 
  Title:   Sr. Vice President and CFO    

[Signature Page to Amendment No. 2 to Credit Agreement — ACL]

 

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                  WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative
Agent, Security Trustee, L/C Issuer, Swing Line Lender and a Lender    
 
           
 
  By:   /s/ James M. Stehlik    
 
         
 
  Name:   James M. Stehlik    
 
  Title:   Vice President    

[Signature Page to Amendment No. 2 to Credit Agreement — ACL]

 

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                  BANK OF AMERICA, N.A.    
 
           
 
  By:   /s/ Adam M. Goettsche    
 
         
 
  Name:   Adam M. Goettsche    
 
           
 
  Title:   Senior Vice President    
 
           

[Signature Page to Amendment No. 2 to Credit Agreement — ACL]

 

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                  FIFTH THIRD BANK    
 
           
 
  By:   /s/ David O’Neal    
 
         
 
  Name:   David O’Neal    
 
           
 
  Title:   Vice President    
 
           

[Signature Page to Amendment No. 2 to Credit Agreement — ACL]

 

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                  FORTIS CAPITAL CORP.    
 
           
 
  By:   /s/ Svein Engh    
 
         
 
  Name:   Svein Engh    
 
           
 
  Title:   Managing Director    
 
           

[Signature Page to Amendment No. 2 to Credit Agreement — ACL]

 

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                  JPMORGAN CHASE BANK, N.A.    
 
           
 
  By:   /s/ W. J. Brennen    
 
         
 
  Name:   W. J. Brennen    
 
           
 
  Title:   S.V.P.    
 
           

[Signature Page to Amendment No. 2 to Credit Agreement — ACL]

 

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                  LASALLE BANK NATIONAL ASSOCIATION    
 
           
 
  By:   /s/ Andrew J. Crask    
 
         
 
  Name:   Andrew J. Crask    
 
           
 
  Title:   Vice President    
 
           

[Signature Page to Amendment No. 2 to Credit Agreement — ACL]

 

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                  NATIONAL CITY BANK    
 
           
 
  By:   /s/ Tracy J. Venable    
 
         
 
  Name:   Tracy J. Venable    
 
           
 
  Title:   SVP    
 
           

[Signature Page to Amendment No. 2 to Credit Agreement — ACL]

 

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                  PNC BANK, NATIONAL ASSOCIATION    
 
           
 
  By:   /s/ Gregory M. Carroll    
 
         
 
  Name:   Gregory M. Carroll    
 
           
 
  Title:   Sr. Vice President    
 
           

[Signature Page to Amendment No. 2 to Credit Agreement — ACL]

 

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                  SUNTRUST BANK    
 
           
 
  By:   /s/ Kap Yarbrough    
 
         
 
  Name:   Kap Yarbrough    
 
           
 
  Title:   Vice President    
 
           

[Signature Page to Amendment No. 2 to Credit Agreement — ACL]

 

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                  WACHOVIA BANK, N.A.    
 
           
 
  By:   /s/ Hal Clemmer     
 
         
 
  Name:   Hal Clemmer     
 
           
 
  Title:   SVP     
 
           

 

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Each of the undersigned hereby acknowledges and consents to the foregoing
Amendment and confirms and agrees that the Guaranty executed by it in connection
with the Credit Agreement remains in full force and effect in accordance with
its terms and is hereby reaffirmed and ratified by each of the undersigned, and
each of the undersigned hereby confirms that the representations and warranties
contained in each such Guaranty (including any incorporated by reference to the
Credit Agreement) are (before and after giving effect to this Amendment) true
and correct in all material respects.

            AMERICAN COMMERCIAL LINES INC.,
a Delaware corporation
      By:   /s/ Christopher A. Black         Name:   Christopher A. Black      
  Title:   Sr. Vice President and CFO        COMMERCIAL BARGE LINE COMPANY,
a Delaware corporation
      By:   /s/ Christopher A. Black         Name:   Christopher A. Black      
  Title:   Sr. Vice President and CFO        AMERICAN COMMERCIAL BARGE LINE LLC,
a Delaware corporation
      By:   /s/ Christopher A. Black         Name:   Christopher A. Black      
  Title:   Sr. Vice President and CFO        ACL FINANCE CORP.,
a Delaware corporation
      By:   /s/ Christopher A. Black         Name:   Christopher A. Black      
  Title:   Sr. Vice President and CFO