EXHIBIT 10.2

 

 

SECOND AMENDMENT

SECOND AMENDMENT, dated as of October 31, 2005 (the “Amendment”), to the Seventh
Amended and Restated Credit Agreement, dated as of July 8, 2004 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”),
among IRON MOUNTAIN INCORPORATED, a Delaware corporation (the “Company”), IRON
MOUNTAIN CANADA CORPORATION, a company organized under the laws of the Province
of Nova Scotia, the several banks and other financial institutions or entities
from time to time parties to the Credit Agreement (the “Lenders”), BANK OF
AMERICA, N.A. (successor by merger to Fleet National Bank), as syndication
agent, WACHOVIA BANK, NATIONAL ASSOCIATION and THE BANK OF NOVA SCOTIA, as
co-documentation agents, JPMORGAN CHASE BANK, N.A., TORONTO BRANCH (formerly
known as JPMorgan Chase Bank, Toronto Branch), as Canadian Administrative Agent,
JPMORGAN CHASE BANK, N.A. (formerly known as JPMorgan Chase Bank), as
administrative agent for the Lenders (in such capacity, the “Administrative
Agent”) and J.P. MORGAN SECURITIES INC., as arranger and bookrunner.

W I T N E S S E T H:

WHEREAS, the Company, the Lenders and the Administrative Agent are parties to
the Credit Agreement;

WHEREAS, the Company has requested certain amendments to the Credit Agreement;
and

WHEREAS, the Lenders are willing to agree to such amendments, subject to the
terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the premises and mutual covenants contained
herein, the Company, the Lenders and the Administrative Agent hereby agree as
follows:

1.            Defined Terms. Unless otherwise defined herein, all capitalized
terms used herein shall have the meanings given to them in the Credit Agreement.

2.            Amendments to Section 1.01(Definitions). Section 1.01 of the
Credit Agreement is hereby amended by adding the following new or substitute
definitions, to appear in alphabetical order (additions to substitute
definitions are indicated by language that is bold with a double underline):

“Australian Dollars” shall mean the lawful currency of the Commonwealth of
Australia.

“Eurocurrency Base Rate” shall mean, (a) with respect to any Eurocurrency Loans
denominated in Dollars, Canadian Dollars, Australian Dollars, New Zealand
Dollars or euros the rate per annum determined on the basis of the rate for
deposits in the relevant currency for a period equal to such Interest Period
commencing on the first day of such Interest Period appearing on Page 3750 of
the Telerate screen or, with respect to Canadian Dollars only, Page 3740 of the
Telerate screen as of 11:00 a.m., London time, two Business Days prior to the
beginning of such Interest Period; provided that in the event that such rate
does not appear on Page 3750 or Page 3740, as applicable, of the Telerate screen
(or otherwise on such screen), the “Eurocurrency Base Rate” shall be determined
by reference to such other comparable publicly available service for displaying
eurocurrency rates as may be selected by the Administrative Agent or, in the
absence of such availability, by reference to the rate at which the
Administrative Agent is offered currency deposits in the relevant currency at or
about 11:00 a.m., New

 

 

 

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York City time, two Business Days prior to the beginning of such Interest Period
in the interbank eurocurrency market where its eurocurrency and foreign currency
and exchange operations are then being conducted for delivery on the first day
of such Interest Period for the number of days comprised therein; and (b) with
respect to Eurocurrency Loans denominated in Pounds Sterling, the rate per annum
determined by the Administrative Agent to be the average of the rates quoted by
the Reference Lenders at approximately 11:00 a.m. London time (or as soon
thereafter as practicable) on the day two Business Days prior to the first day
of the Interest Period for such Loans for the offering by the Reference Lenders
to leading banks in the Paris interbank market of deposits in Pounds Sterling
having a term comparable to such Interest Period and in an amount comparable to
the principal amount of the respective Eurocurrency Loans of the Reference
Lenders to which such Interest Period relates. If any Reference Lender is not
participating in any Eurocurrency Loans during the Interest Period therefor
(pursuant to Section 6.04 hereof or for any other reason), the Eurocurrency Base
Rate for such Loans for such Interest Period shall be determined by reference to
the amount of the Loan which such Reference Lender would have made had it been
participating in such Loans. If any Reference Lender does not furnish a timely
quotation, the Administrative Agent shall determine the relevant interest rate
on the basis of the quotation or quotations furnished by the remaining Reference
Lender or Lenders or, if none of such quotations is available on a timely basis,
the provisions of Section 6.02 shall apply.

“Multi-Currency” shall mean each of Pounds Sterling, euros, Dollars, Canadian
Dollars, Australian Dollars and New Zealand Dollars.

“New Zealand Dollars” shall mean the lawful currency of New Zealand.

“Second Amendment Effective Date” shall mean the date on which the conditions
precedent set forth in Section 5 of the Second Amendment to this Agreement shall
have been satisfied, which date is October 31, 2005.

3.            Amendment to Section 9.24. Section 9.24 of the Credit Agreement is
hereby amended by deleting such section in its entirety and substituting in lieu
thereof the following language (additions are indicated by language that is bold
with a double underline):

“9.24.      Investments in Excluded Subsidiaries. The Company will not, and will
not permit any of its Subsidiaries (other than its Excluded Subsidiaries), to
make any advance, loan or other extension of credit to, or any other Investment
in, or Guarantee any Indebtedness of, any Excluded Subsidiary or any other
person organized outside of the United States or principally conducting its
business outside the United States if, after giving effect thereto, the
aggregate outstanding amount of such Investments and Guaranties (other than (a)
Guaranties permitted under clause (viii) of the definition of “Permitted
Indebtedness” in Section 1.01 hereof, (b) the Guaranties by the Company and its
Subsidiaries of Indebtedness under the Canadian Commitments, (c) Investments by
the Company of up to €30,000,000 in IME in order for it to acquire “Project Mont
Blanc”, (d) Investments by the Company prior to the Second Amendment Effective
Date and (e) Investments by the Company of up to $90,000,000 in order for it to
acquire Pickfords Records Management) made after the Second Amendment Effective
Date is greater than $150,000,000 (with the applicable exchange rate for any
Investment or Guaranty or repayment thereof determined by reference to the
relevant Exchange Rate in effect at the time of such Investment or Guaranty or
repayment); provided that if the Domestic Leverage Ratio on the last day of each
of the most recently completed fiscal quarter and the quarter immediately
preceding such quarter is equal to or less than 4.0 to 1, the Company will be
permitted to make such Investments and Guaranties up to the aggregate amount of
$300,000,000.”

4.            Representations and Warranties. On and as of the date hereof, the
Company hereby confirms, reaffirms and restates the representations and
warranties set forth in Section 8 of the

 

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Credit Agreement mutatis mutandis, except to the extent that such
representations and warranties expressly relate to a specific earlier date in
which case the Company hereby confirms, reaffirms and restates such
representations and warranties as of such earlier date. The Company represents
and warrants that, after giving effect to this Amendment, no Default or Event of
Default has occurred and is continuing.

5.            Effectiveness. This Amendment shall become effective as of the
date set forth above (the “Effective Date”) upon the satisfaction of the
following conditions precedent:

(a)   Second Amendment. The Administrative Agent shall have received this
Amendment executed and delivered by the Administrative Agent, the Company, each
Revolving Lender with a Multi-Currency Commitment and Lenders party to the
Credit Agreement constituting the “Majority Lenders” thereunder (or, in the case
of any Lender, a lender addendum or joinder agreement in a form specified by the
Administrative Agent).

(b)   Security Documents. The Administrative Agent shall have received the
Acknowledgment and Confirmation, substantially in the form of Exhibit A hereto,
executed and delivered by an authorized officer of the Company, the Canadian
Borrower and each Subsidiary Guarantor.

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

7.            Payment of Expenses. The Company agrees to pay or reimburse the
Administrative Agent for all out-of-pocket costs and expenses incurred in
connection with the Amendment, any other documents prepared in connection
herewith and the transactions contemplated hereby, including, without
limitation, the reasonable fees and disbursements of counsel.

8.            Reference to and Effect on the Credit Agreement; Limited Effect.
On and after the Effective Date, each reference in the Credit Agreement to “this
Agreement”, “hereunder”, “hereof” or words of like import referring to the
Credit Agreement shall mean and be a reference to the Credit Agreement as
amended hereby. This Amendment shall not constitute an amendment of any other
provision of the Credit Agreement not expressly referred to herein and shall not
be construed as a waiver or consent to any further or future action on the part
of the Company that would require a waiver or consent of the Lenders or the
Administrative Agent. Except as expressly amended hereby, the provisions of the
Credit Agreement are and shall remain in full force and effect.  

9.            Severability. Any provision of 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.

10.          Loan Document; Integration. This Amendment shall constitute a Basic
Document. This Amendment and the other Basic Documents represent the agreement
of the Company, the Canadian Borrower, each Subsidiary Guarantor, the
Administrative Agent and the Lenders with respect to the subject matter hereof,
and there are no promises, undertakings, representations or warranties by the
Administrative Agent or any Lender relative to the subject matter hereof not
expressly set forth or referred to herein or in the other Basic Documents.

11.          GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY,

 

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AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK.

12.          Counterparts. This Amendment may be executed by one or more of the
parties hereto in any number of separate counterparts (which may include
counterparts delivered by facsimile transmission), each of which shall be deemed
to be an original, and all of which taken together shall be deemed to constitute
one and the same instrument.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered by their proper and duly authorized officers as of the
day and year first above written.

 

IRON MOUNTAIN INCORPORATED

 

 

 

 

 

By: /s/ J.P. Lawrence

Name: J.P. Lawrence
Title: SVP, Treasurer

 

 

 

 

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JPMORGAN CHASE BANK, N.A., as
Administrative Agent and as a Lender

 

 

 

 

 

By: /s/ Robert T. Sacks

Name: Robert T. Sacks
Title: Managing Director

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

HSBC Bank USA, N.A.

 

 

 

 

 

By: /s/ Kenneth V. McGraime

Name: Kenneth V. McGraime
Title: Senior Vice President, Commercial Executive

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

JP Morgan Chase Bank, N.A. Toronto Branch

 

 

 

 

 

By: /s/ Christine Chan

Name: Christine Chan
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Webster Bank, National Association

 

 

 

 

 

By: /s/ Gail Bruhn

Name: Gail Bruhn
Title: Sr. Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

General Electric Capital Corporation

 

 

 

 

 

By: /s/ Brian Schwinn

Name: Brian Schwinn
Title: Duly Authorized Signatory

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Bank of America, N.A.

 

 

 

 

 

By: /s/ Luanne T. Smith

Name: Luanne T. Smith
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

CIBC Inc.

 

 

 

 

 

By: /s/ Dominic J. Sorresso

Name: Dominic J. Sorresso
Title: Executive Director

 

CIBC World Markets Corp., as Agent

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Union Bank of California, N.A.

 

 

 

 

 

By: /s/ Albert W. Kelley

Name: Albert W. Kelley
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

CALYON NEW YORK BRANCH

 

 

 

 

 

By: /s/ Yuri Muzichenko

Name: Yuri Muzichenko
Title: Vice President

 

By: /s/ Philip Schubert

Name: Philip Schubert
Title: Director

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

THE BANK OF NOVA SCOTIA

 

 

 

 

 

By: /s/ William E. Zarrett

Name: William E. Zarrett
Title: Managing Director

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

National City Bank

 

 

 

 

 

By: /s/ Lyle P. Cunningham

Name: Lyle P. Cunningham
Title: Senior Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

SENIOR DEBT PORTFOLIO

 

 

By: Boston Management and Research

 

as Investment Advisor

 

 

By: /s/ Michael B. Botthof

Name: Michael B. Botthof
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

EATON VANCE SENIOR INCOME TRUST

 

 

By: EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

 

 

 

By: /s/ Michael B. Botthof

Name: Michael B. Botthof
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

EATON VANCE INSTITUTIONAL SENIOR LOAN FUND

 

 

 

By: EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

 

 

By: /s/ Michael B. Botthof

Name: Michael B. Botthof
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

EATON VANCE CDO III, LTD.

 

 

By: EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

 

 

 

By: /s/ Michael B. Botthof

Name: Michael B. Botthof
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

CONSTANTINUS EATON VANCE CDO V, LTD.

 

 

By: EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

 

 

 

By: /s/ Michael B. Bottho

Name: Michael B. Botthof
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

EATON VANCE CDO VI LTD.

 

 

By: EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

 

 

 

By: /s/ Michael B. Botthof

Name: Michael B. Botthof
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

GRAYSON & CO.

 

 

By: BOSTON MANAGEMENT AND RESEARCH

AS INVESTMENT ADVISOR

 

 

 

By: /s/ Michael B. Botthof

Name: Michael B. Botthof
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

THE NORINCHUKIN BANK, NEW YORK BRANCH,

 

through State Street Bank and Trust Company N.A. as Fiduciary Custodian

 

By: Eaton Vance Management, Attorney-in-fact

 

 

 

By: /s/ Michael B. Botthof

Name: Michael B. Botthof
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

BIG SKY III SENIOR LOAN TRUST

 

 

By: EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

 

 

 

By: /s/ Michael B. Botthof

Name: Michael B. Botthof
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

EATON VANCE

VT FLOATING-RATE INCOME FUND

 

 

By: EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

 

 

 

By: /s/ Michael B. Botthof

Name: Michael B. Botthof
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

EATON VANCE

LIMITED DURATION INCOME FUND

 

 

By: EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

 

 

 

By: /s/ Michael B. Botthof

Name: Michael B. Botthof
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

EATON VANCE SENIOR

FLOATING-RATE TRUST

 

 

By: EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

 

 

 

By: /s/ Michael B. Botthof

Name: Michael B. Botthof
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

EATON VANCE FLOATING-RATE

INCOME TRUST

 

 

By: EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

 

 

 

By: /s/ Michael B. Botthof

Name: Michael B. Botthof
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Fidelity Advisor Series II: Fidelity Advisor Floating Rate High Income Fund

 

 

 

 

 

By: /s/ Mark Osterheld

Name: Mark Osterheld
Title: Assistant Treasurer

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Fidelity Central Investment Portfolios LLC: Fidelity Floating Rate Central
Investment Portfolio

 

 

 

 

 

By: /s/ Mark Osterheld

Name: Mark Osterheld
Title: Assistant Treasurer

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

The Bank of New York

 

 

 

 

 

By: /s/ Kenneth P. Sneider, Jr.

Name: Kenneth P. Sneider, Jr.
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

BMP PARIBAS (Canada)

 

 

 

 

 

By: /s/ Andrew Solater

Name: Andrew Solater
Title: Vice President Corporate Banking

 

By: /s/ Don R. Lam

Name: Don R. Lam
Title: Managing Director Corporate Banking

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Wachovia Bank, N.A.

 

 

 

 

 

By: /s/ John G. Taylor

Name: John G. Taylor
Title: Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

BNP PARIBAS

 

 

 

 

 

By: /s/ Shayn March

Name: Shayn March
Title: Director

 

 

 

BNP PARIBAS

 

 

 

 

 

 

By: /s/ Angela R. Arnold

Name: Angela R. Arnold
Title: Vice President

 

 

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

KZH Pondview LLC

 

 

 

 

 

By: /s/ Virginia Conway

Name: Virginia Conway
Title: Authorized Signatory

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Sovereign Bank

 

 

 

 

 

By: /s/ Walter J. Marullo

Name: Walter J. Marullo
Title: Senior Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

AVALON CAPITAL LTD. 3

 

 

By: INVESCO Senior Secured Management, Inc.

As Asset Manager

 

 

 

By: /s/ Joseph Rotondo

Name: Joseph Rotondo
Title: Authorized Signatory

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

CHARTER VIEW PORTFOLIO

 

 

By: INVESCO Senior Secured Management, Inc.

As Investment Advisor

 

 

 

By: /s/ Joseph Rotondo

Name: Joseph Rotondo
Title: Authorized Signatory

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

DIVERSIFIED CREDIT PORTFOLIO LTD.

 

 

By: INVESCO Senior Secured Management, Inc.

as Investment Adviser

 

 

 

By: /s/ Joseph Rotondo

Name: Joseph Rotondo
Title: Authorized Signatory

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

AIM FLOATING RATE FUND

 

 

By: INVESCO Senior Secured Management, Inc.

As Sub-Adviser

 

 

 

By: /s/ Joseph Rotondo

Name: Joseph Rotondo
Title: Authorized Signatory

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

INVESCO CBO 2000-1 LTD.

 

 

By: INVESCO Senior Secured Management, Inc.

As Portfolio Advisor

 

 

 

By: /s/ Joseph Rotondo

Name: Joseph Rotondo
Title: Authorized Signatory

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

NAUTIQUE FUNDING LTD.

 

 

By: INVESCO Senior Secured Management, Inc.

as Collateral Manager

 

 

 

By: /s/ Joseph Rotondo

Name: Joseph Rotondo
Title: Authorized Signatory

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

CITIZENS BANK OF MASSACHUSETTS

 

 

 

 

 

By: /s/ Stephen F. Foley

Name: Stephen F. Foley
Title: Senior Vice President

 

 

 

 

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Signature page to the Second Amendment

dated as of October 31, 2005 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

ECL Loan Funding LLC For Itself or as Agent for ECL2 Loan Funding LLC

 

 

 

 

 

By: /s/ Mat Thomason

Name: Mat Thomason
Title: Assistant Vice President

 

 

 

 

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EXHIBIT A

FORM OF ACKNOWLEDGMENT AND CONFIRMATION

ACKNOWLEDGMENT AND CONFIRMATION, dated as of October 31, 2005 (this
“Acknowledgment and Confirmation”) made by each of the signatories hereto.

1.            Reference is made to Second Amendment, dated as of October 31,
2005 (the “Amendment”), to the Seventh Amended and Restated Credit Agreement,
dated as of July 8, 2004 (as amended, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among IRON MOUNTAIN INCORPORATED, a
Delaware corporation (the “Company”), IRON MOUNTAIN CANADA CORPORATION, a
company organized under the laws of the Province of Nova Scotia, the several
banks and other financial institutions or entities from time to time parties to
the Credit Agreement (the “Lenders”), BANK OF AMERICA, N.A. (successor by merger
to Fleet National Bank), as syndication agent, WACHOVIA BANK, NATIONAL
ASSOCIATION and THE BANK OF NOVA SCOTIA, as co-documentation agents, J.P. MORGAN
BANK CANADA, as Canadian Administrative Agent, JPMORGAN CHASE BANK, as
administrative agent for the Lenders (in such capacity, the “Administrative
Agent”) and J.P. MORGAN SECURITIES INC., as arranger and bookrunner.

2.            Each of the parties hereto hereby agrees, with respect to each
Basic Document to which it is a party:

(a)          all of its obligations, liabilities and indebtedness under such
Basic Document shall remain in full force and effect on a continuous basis after
giving effect to the Amendment; and

(b)          all of the Liens and security interests created and arising under
such Basic Document remain in full force and effect on a continuous basis after
giving effect to the Amendment, as collateral security for its obligations,
liabilities and indebtedness under the Credit Agreement and under its guarantees
in the Basic Documents.

3.            THIS ACKNOWLEDGMENT AND CONFIRMATION SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

4.            This Acknowledgment and Confirmation may be executed by one or
more of the parties hereto on any number of separate counterparts (including by
telecopy), and all of said counterparts taken together shall be deemed to
constitute one and the same instrument.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Acknowledgement and
Confirmation to be duly executed and delivered by their proper and duly
authorized officers as of the day and year first above written.

 

IRON MOUNTAIN INCORPORATED

 

 

By:____________________________

Name:
       Title:

IRON MOUNTAIN CANADA CORPORATION

 

 

By:____________________________

Name:

Title:

 

 

 

SUBSIDIARY GUARANTORS

 

 

 

COMAC, INC.

 

IRON MOUNTAIN INTELLECTUAL PROPERTY MANAGEMENT, INC.

 

IRON MOUNTAIN GLOBAL, INC.

 

IRON MOUNTAIN GLOBAL, LLC

 

IRON MOUNTAIN INFORMATION

 

MANAGEMENT, INC.

 

MOUNTAIN REAL ESTATE ASSETS, INC.,

 

MOUNTAIN RESERVE II, INC.

 

TREELINE SERVICES CORPORATION

 

 

 

By:____________________________

 

Name:

 

Title:

 

 

 

 

 

 

 

 

 

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SUBSIDIARY PLEDGORS

 

IRON MOUNTAIN GLOBAL, INC.

IRON MOUNTAIN GLOBAL, LLC

IRON MOUNTAIN INFORMATION

MANAGEMENT, INC.

TREELINE SERVICES CORPORATION

 

By:____________________________

Name:

Title:

 

 

SUBSIDIARY GUARANTORS

 

 

IRON MOUNTAIN STATUTORY TRUST – 1998

 

By: WACHOVIA BANK, NATIONAL ASSOCIATION
(formerly FIRST UNION NATIONAL BANK), not individually
but as Owner Trustee under that certain Amended and Restated
Owner Trust Agreement dated as of October 1, 1998, as amended

 

By:______________________________

Name:

Title:

 

 

 

 

IRON MOUNTAIN STATUTORY TRUST – 1999

 

By: WACHOVIA BANK, NATIONAL ASSOCIATION
(formerly FIRST UNION NATIONAL BANK), not
individually but as Owner Trustee under that certain
Owner Trust Agreement dated as of July 1, 1999

 

By:______________________________

Name:

Title:

 

 

 

 

 

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

 

 

SUBSIDIARY PLEDGORS

 

 

IRON MOUNTAIN STATUTORY TRUST – 1998

 

By: WACHOVIA BANK, NATIONAL ASSOCIATION
(formerly FIRST UNION NATIONAL BANK), not individually
but as Owner Trustee under that certain Amended and Restated
Owner Trust Agreement dated as of October 1, 1998, as amended

 

By:______________________________

Name:

Title:

 

 

 

IRON MOUNTAIN STATUTORY TRUST – 1999

 

By: WACHOVIA BANK, NATIONAL ASSOCIATION
(formerly FIRST UNION NATIONAL BANK), not individually
but as Owner Trustee under that certain Owner Trust Agreement
dated as of July 1, 1999

 

By:______________________________

Name:

Title: