Exhibit 10.34

 

--------------------------------------------------------------------------------

THIRD AMENDMENT TO CREDIT AGREEMENT

--------------------------------------------------------------------------------

 

among

 

THE FINISH LINE, INC.,

 

the LENDERS Signatory Hereto

 

and

 

NATIONAL CITY BANK OF INDIANA, as Agent

 

 

--------------------------------------------------------------------------------

DATED AS OF FEBRUARY 21, 2003

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

 

THIRD AMENDMENT TO CREDIT AGREEMENT

 

THIS THIRD AMENDMENT made as of the 21st day of February, 2003, by and among THE
FINISH LINE, INC. (“Borrower”), the LENDERS party hereto, and NATIONAL CITY BANK
OF INDIANA, as agent for the Lenders hereunder (in such capacity, the “Agent”);

 

W I T N E S S E T H:

 

WHEREAS, as of September 20, 2000, the Borrower, the lenders party thereto and
the Agent entered into a certain Credit Agreement, as amended as of March 16,
2001 and August 9, 2002 (as amended, the “Agreement”); and

 

WHEREAS, the parties desire to further amend the Agreement to revise the Capital
Expenditures limitation, all subject to the terms contained herein;

 

NOW, THEREFORE, in consideration of the premises, and the mutual promises herein
contained, the parties agree that the Agreement shall be, and it hereby is,
amended as provided herein and the parties further agree as follows:

 

PART I. AMENDATORY PROVISIONS

 

SECTION 6

Covenants

 

6.16. Capital Expenditures. Section 6.16 of the Agreement is hereby amended by
substituting the following new Section 6.16 in lieu of the existing provision:

 

6.16. Capital Expenditures. Borrower will not, nor will it permit any Subsidiary
to, expend in the aggregate for Borrower and its Subsidiaries on a
non-cumulative basis for Capital Expenditures in excess of (a) Seventy-Four
Million Dollars ($74,000,000) in the aggregate for the two (2) fiscal year
period ending with fiscal year end 2004, (b) Forty Million Dollars ($40,000,000)
during the fiscal year ending 2005, and (c) Twenty Million Dollars ($20,000,000)
for the period beginning on the first day of the fiscal year ending 2006 through
the Facility Termination Date. For purposes of testing compliance with this
covenant, expenditures up to Four Million Five Hundred Thousand Dollars
($4,500,000) in the aggregate incurred in connection with the repair or
replacement of damage caused by the 2002 Indianapolis, Indiana tornado and which
are covered or reimbursed by insurance proceeds shall be excluded from Capital
Expenditures.

 

 

--------------------------------------------------------------------------------

THIRD AMENDMENT TO CREDIT AGREEMENT                                         
                                        
                                                                 PAGE 1

                                                                               
                                                                   154247.2

--------------------------------------------------------------------------------

PART II. CONTINUING EFFECT

 

Except as expressly modified herein:

 

(a) All terms, conditions, representations, warranties and covenants contained
in the Agreement shall remain the same and shall continue in full force and
effect, interpreted, wherever possible, in a manner consistent with this Third
Amendment; provided, however, in the event of any irreconcilable inconsistency,
this Third Amendment shall control;

 

(b) The representations and warranties contained in the Agreement shall survive
this Third Amendment in their original form as continuing representations and
warranties of Borrower; and

 

(c) Capitalized terms used in this Third Amendment, and not specifically herein
defined, have the meanings ascribed to them in the Agreement.

 

In consideration hereof, Borrower represents, warrants, covenants and agrees
that:

 

(aa) Each representation and warranty set forth in the Agreement, as hereby
amended, remains true and correct as of the date hereof in all material
respects, except to the extent that such representation and warranty is
expressly intended to apply solely to an earlier date and except changes
reflecting transactions permitted by the Agreement;

 

(bb) There currently exist no offsets, counterclaims or defenses to the
performance of the Obligations (such offsets, counterclaims or defenses, if any,
being hereby expressly waived);

 

(cc) There has not occurred any Default or Unmatured Default; and

 

(dd) After giving effect to this Third Amendment and any transactions
contemplated hereby, no Default or Unmatured Default is or will be occasioned
hereby or thereby.

 

PART III. CONDITIONS PRECEDENT

 

Notwithstanding anything contained in this Third Amendment to the contrary, this
Third Amendment shall not become effective until each of the following
conditions precedent have been fulfilled to the satisfaction of the Agent:

 

(a) The Agent shall have received counterparts of this Third Amendment duly
executed by the Agent, Borrower and the Required Lenders;

 

(b) All reasonable expenses of the Agent incurred in connection with this Third
Amendment, including, without limitation, attorneys’ fees, shall have been
reimbursed by Borrower;

 

(c) All legal matters incident to this Third Amendment shall be reasonably
satisfactory to the Agent and its counsel.

 

--------------------------------------------------------------------------------

THIRD AMENDMENT TO CREDIT AGREEMENT                                         
                                        
                                                                 PAGE 2

                                                                               
                                                                   154247.2

--------------------------------------------------------------------------------

 

PART IV. INDEPENDENT CREDIT DECISION

 

Each Lender acknowledges that it has, independently and without reliance upon
the Agent or any other Lender, based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this
Third Amendment.

 

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

 

[THIS SPACE INTENTIONALLY LEFT BLANK]

 

--------------------------------------------------------------------------------

THIRD AMENDMENT TO CREDIT AGREEMENT                                         
                                        
                                                                 PAGE 3

                                                                               
                                                                   154247.2

 

--------------------------------------------------------------------------------

 

SIGNATURE PAGE OF

THE FINISH LINE, INC.

TO

THIRD AMENDMENT TO CREDIT AGREEMENT

 

THE FINISH LINE, INC.

 

By:                                     
                                            

 

Title:                                                                          

 

3308 North Mitthoeffer Road

Indianapolis, Indiana 46235

Attention: Steven J. Schneider

Facsimile: 317-895-2884

 

--------------------------------------------------------------------------------

THIRD AMENDMENT TO CREDIT AGREEMENT                                         
                                        
                                                                 PAGE 4

                                                                               
                                                                   154247.2

--------------------------------------------------------------------------------

 

SIGNATURE PAGE OF

NATIONAL CITY BANK OF INDIANA

TO

THIRD AMENDMENT TO CREDIT AGREEMENT

 

NATIONAL CITY BANK OF INDIANA,

individually and as Agent

 

By:                                     
                                            

 

Its:                                    
                                         

 

One National City Center

Suite 200 East

Indianapolis, Indiana 46255

Attention: R. Douglas Allen

Facsimile: 317-267-6249

 

--------------------------------------------------------------------------------

THIRD AMENDMENT TO CREDIT AGREEMENT                                         
                                        
                                                                 PAGE 5

                                                                               
                                                                   154247.2

 

--------------------------------------------------------------------------------

 

SIGNATURE PAGE OF

UNION PLANTERS BANK, NATIONAL ASSOCIATION

TO

THIRD AMENDMENT TO CREDIT AGREEMENT

 

UNION PLANTERS BANK, NATIONAL

ASSOCIATION

 

By:                                     
                                            

 

Its:                                    
                                         

 

One Indiana Square, Suite 227

Indianapolis, Indiana 46204

Attention: Thomas W. Craig

Facsimile: 317-221-6120

 

--------------------------------------------------------------------------------

THIRD AMENDMENT TO CREDIT AGREEMENT                                         
                                        
                                                                 PAGE 6

                                                                               
                                                                   154247.2

--------------------------------------------------------------------------------

 

SIGNATURE PAGE OF

U. S. BANK NATIONAL ASSOCIATION

TO

THIRD AMENDMENT TO CREDIT AGREEMENT

 

 

U.S. BANK NATIONAL ASSOCIATION

 

By:                                     
                                            

 

Its:                                    
                                         

 

One U.S. Bank Plaza

St. Louis, Missouri 63101

Attention: Daniel R. Kraus

Facsimile: 314-418-3859

 

--------------------------------------------------------------------------------

THIRD AMENDMENT TO CREDIT AGREEMENT                                         
                                        
                                                                 PAGE 7

                                                                               
                                                                   154247.2

--------------------------------------------------------------------------------

SIGNATURE PAGE OF

THE NORTHERN TRUST COMPANY

To

THIRD AMENDMENT TO CREDIT AGREEMENT

 

 

THE NORTHERN TRUST COMPANY

 

By:                                     
                                            

 

Its:                                    
                                         

 

50 South LaSalle Street

Chicago, Illinois 60675

Attention: John Canty

Facsimile: 312-444-7028

 

--------------------------------------------------------------------------------

THIRD AMENDMENT TO CREDIT AGREEMENT                                         
                                        
                                                                 PAGE 8

                                                                               
                                                                   154247.2

--------------------------------------------------------------------------------

SIGNATURE PAGE OF

LASALLE BANK NATIONAL ASSOCIATION

To

THIRD AMENDMENT TO CREDIT AGREEMENT

 

 

LASALLE BANK NATIONAL

ASSOCIATION

 

By:                                     
                                            

 

Its:                                    
                                         

 

One American Square, Suite 1600

Indianapolis, Indiana 46204

Attention: William H. Lutes

Facsimile: 317-756-7021

 

--------------------------------------------------------------------------------

THIRD AMENDMENT TO CREDIT AGREEMENT                                         
                                        
                                                                 PAGE 9

                                                                               
                                                                   154247.2