Exhibit 10.2

FIRST AMENDMENT TO FOURTH AMENDED AND RESTATED REVOLVING CREDIT FACILITY
AGREEMENT

THIS FIRST AMENDMENT TO FOURTH AMENDED AND RESTATED REVOLVING CREDIT FACILITY
AGREEMENT (the “Amendment”), dated as of October 22, 2014, is among LENNOX
INTERNATIONAL INC., a Delaware corporation (the “Borrower”), the Lenders party
hereto, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent
(the “Administrative Agent”).

RECITALS:

The Borrower, the Administrative Agent, and the lenders listed on the signature
pages thereto have entered into that certain Fourth Amended and Restated
Revolving Credit Facility Agreement dated as of October 21, 2011 (as the same
may hereafter be amended or otherwise modified, the “Agreement”). The Borrower,
the Administrative Agent and the Lenders now desire to amend the Agreement as
herein set forth.

NOW, THEREFORE, in consideration of the premises herein contained and other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows effective as of the date
hereof unless otherwise indicated:

ARTICLE 1.

Definitions

Section 1.1. Definitions. Capitalized terms used in this Amendment, to the
extent not otherwise defined herein, shall have the same meanings as in the
Agreement, as amended hereby.

ARTICLE 2.

Amendment

Section 2.1. Amendment to Schedule 6.01. Schedule 6.01 to the Agreement is
hereby deleted in its entirety and the Schedule 6.01 attached hereto is inserted
in its entirety in lieu thereof.

ARTICLE 3.

Conditions Precedent

Section 3.1. Conditions. The effectiveness of Article 2 of this Amendment is
subject to the satisfaction of the following conditions precedent:

(a) The Administrative Agent (or its counsel) shall have received from each
party hereto either (i) a counterpart of this Amendment signed on behalf of such
party or (ii) written evidence satisfactory to the Administrative Agent (which
may include telecopy or other electronic transmission of a signed signature page
of this Amendment) that such party has signed a counterpart of this Amendment;

(b) The Administrative Agent shall have received such additional documentation
and information as the Administrative Agent or its legal counsel may request;

 

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(c) The representations and warranties of each Loan Party set forth herein and
in all other Loan Documents shall be true and correct in all material respects
(except for any representation and warranty that is qualified by materiality or
Material Adverse Effect, which representation and warranty shall be true and
correct in all respects) on and as of the date hereof, except to the extent such
representations and warranties specifically relate to any earlier date in which
case such representations and warranties shall have been true and correct in all
material respects (except for any representation and warranty that is qualified
by materiality or Material Adverse Effect, which representation and warranty
shall be true and correct in all respects), as of such earlier date;

(d) No Default shall have occurred and be continuing; and

(e) All proceedings taken in connection with the transactions contemplated by
this Amendment and all documentation and other legal matters incident thereto
shall be satisfactory to the Administrative Agent and its legal counsel.

ARTICLE 4.

Ratifications, Representations and Warranties

Section 4.1. Ratifications. The terms and provisions set forth in this Amendment
shall modify and supersede all inconsistent terms and provisions set forth in
the Agreement and except as expressly modified and superseded by this Amendment,
the terms and provisions of the Agreement and the other Loan Documents are
ratified and confirmed and shall continue in full force and effect. The
Borrower, the Administrative Agent, and the Lenders party hereto agree that the
Agreement as amended hereby and the other Loan Documents shall continue to be
legal, valid, binding and enforceable in accordance with their respective terms.
For all matters arising prior to the effective date of this Amendment
(including, without limitation, the accrual and payment of interest and fees and
compliance with financial covenants), the terms of the Agreement (as unmodified
by this Amendment) shall control and are hereby ratified and confirmed.

Section 4.2. Representations and Warranties. The Borrower hereby represents and
warrants to the Administrative Agent and the Lenders as follows: (a) after
giving effect to this Amendment, no Default has occurred and is continuing;
(b) after giving effect to this Amendment, the representations and warranties
set forth in the Loan Documents are true and correct in all material respects
(except for any representation and warranty that is qualified by materiality or
Material Adverse Effect, which representation and warranty shall be true and
correct in all respects) on and as of the date hereof with the same effect as
though made on and as of such date except with respect to any representations
and warranties limited by their terms to a specific date; and (c) the execution,
delivery and performance of this Amendment has been duly authorized by all
necessary action on the part of the Borrower and each other Loan Party and does
not and will not: (1) violate any provision of law applicable to the Borrower or
any other Loan Party, the certificate of incorporation, bylaws, partnership
agreement, membership agreement, or other applicable governing document of the
Borrower or any other Loan Party or any order, judgment, or decree of any court
or agency of government binding upon the Borrower or any other Loan Party;
(2) conflict with, result in a breach of or constitute (with due notice or lapse
of time or both) a default under any material contractual obligation of the
Borrower or any other Loan Party; (3) result in or require the creation or
imposition of any material lien upon any of the assets of the Borrower or any
other Loan Party; or (4) require any approval or consent of any Person under any
material contractual obligation of the Borrower or any other Loan Party.

IN ADDITION, TO INDUCE THE ADMINISTRATIVE AGENT AND THE LENDERS TO AGREE TO THE
TERMS OF THIS AMENDMENT, THE BORROWER AND EACH OTHER LOAN

 

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PARTY (BY IT EXECUTION BELOW) REPRESENTS AND WARRANTS THAT AS OF THE DATE OF ITS
EXECUTION OF THIS AMENDMENT THERE ARE NO CLAIMS OR OFFSETS AGAINST OR RIGHTS OF
RECOUPMENT WITH RESPECT TO OR DEFENSES OR COUNTERCLAIMS TO ITS OBLIGATIONS UNDER
THE LOAN DOCUMENTS AND IN ACCORDANCE THEREWITH IT:

(a) WAIVER. WAIVES ANY AND ALL SUCH CLAIMS, OFFSETS, RIGHTS OF RECOUPMENT,
DEFENSES OR COUNTERCLAIMS, WHETHER KNOWN OR UNKNOWN, ARISING PRIOR TO THE DATE
OF ITS EXECUTION OF THIS AMENDMENT AND

(b) RELEASE. RELEASES AND DISCHARGES THE ADMINISTRATIVE AGENT AND THE LENDERS,
AND THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, SHAREHOLDERS,
AFFILIATES AND ATTORNEYS (COLLECTIVELY THE “RELEASED PARTIES”) FROM ANY AND ALL
OBLIGATIONS, INDEBTEDNESS, LIABILITIES, CLAIMS, RIGHTS, CAUSES OF ACTION OR
DEMANDS WHATSOEVER, WHETHER KNOWN OR UNKNOWN, SUSPECTED OR UNSUSPECTED, IN LAW
OR EQUITY, WHICH THE BORROWER OR ANY OTHER LOAN PARTY EVER HAD, NOW HAS, CLAIMS
TO HAVE OR MAY HAVE AGAINST ANY RELEASED PARTY ARISING PRIOR TO THE DATE HEREOF
AND FROM OR IN CONNECTION WITH THE LOAN DOCUMENTS OR THE TRANSACTIONS
CONTEMPLATED THEREBY.

ARTICLE 5.

Miscellaneous

Section 5.1. Survival of Representations and Warranties. All representations and
warranties made in this Amendment or any other Loan Document including any Loan
Document furnished in connection with this Amendment shall survive the execution
and delivery of this Amendment and the other Loan Documents, and no
investigation by the Administrative Agent or any Lender or any closing shall
affect the representations and warranties or the right of the Administrative
Agent or any Lender to rely upon them.

Section 5.2. Reference to Agreement. Each of the Loan Documents, including the
Agreement and any and all other agreements, documents, or instruments now or
hereafter executed and delivered pursuant to the terms hereof or pursuant to the
terms of the Agreement as amended hereby, are hereby amended so that any
reference in such Loan Documents to the Agreement shall mean a reference to the
Agreement as amended hereby.

Section 5.3. Expenses of Lender. As provided in the Agreement, the Borrower
agrees to pay on demand all costs and expenses incurred by the Administrative
Agent or any Lender in connection with the preparation, negotiation, and
execution of this Amendment and the other Loan Documents executed pursuant
hereto, including without limitation, the costs and fees of the Administrative
Agent’s legal counsel.

Section 5.4. Severability. Any provision of this Amendment held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such invalidity, illegality or unenforceability
without affecting the validity, legality and enforceability of the remaining
provisions hereof; and the invalidity of a particular provision in a particular
jurisdiction shall not invalidate such provision in any other jurisdiction.

Section 5.5. Applicable Law. This Amendment and all other Loan Documents
executed pursuant hereto shall be governed by and construed in accordance with
the applicable law pertaining in

 

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AGREEMENT, Page 3

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the State of New York, other than those conflict of law provisions that would
defer to the substantive laws of another jurisdiction. This governing law
election has been made by the parties in reliance (at least in part) on
Section 5–1401 of the General Obligations Law of the State of New York, as
amended (as and to the extent applicable), and other applicable law.

Section 5.6. Successors and Assigns. This Amendment is binding upon and shall
inure to the benefit of the Administrative Agent, each Lender and the Borrower
and their respective successors and assigns, except the Borrower may not assign
or otherwise transfer any of its rights or obligations hereunder without the
prior written consent of the Lenders. Any assignment or other transfer made in
violation of this Section shall be void.

Section 5.7. Counterparts. This Amendment may be executed in one or more
counterparts and on telecopy or other electronically reproduced counterparts,
each of which when so executed shall be deemed to be an original, but all of
which when taken together shall constitute one and the same agreement. Delivery
of an executed counterpart of a signature page of this Amendment by telecopy or
other electronic communication shall be effective as delivery of a manually
executed counterpart of this Amendment.

Section 5.8. Effect of Waiver. No consent or waiver, express or implied, by the
Administrative Agent or any Lender to or for any breach of or deviation from any
covenant, condition or duty by the Borrower or any other Loan Party shall be
deemed a consent or waiver to or of any other breach of the same or any other
covenant, condition or duty.

Section 5.9. Headings. The headings, captions, and arrangements used in this
Amendment are for convenience only and shall not affect the interpretation of
this Amendment.

Section 5.10. ENTIRE AGREEMENT. THIS AMENDMENT AND ALL OTHER INSTRUMENTS,
DOCUMENTS AND AGREEMENTS EXECUTED AND DELIVERED IN CONNECTION WITH THIS
AMENDMENT EMBODY THE FINAL, ENTIRE AGREEMENT AMONG THE PARTIES HERETO AND
SUPERSEDE ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND
UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THIS AMENDMENT, AND MAY NOT
BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT
ORAL AGREEMENTS OR DISCUSSIONS OF THE PARTIES HERETO. THERE ARE NO ORAL
AGREEMENTS AMONG THE PARTIES HERETO.

Section 5.11. Required Lenders. Pursuant to Section 10.02 of the Agreement, the
Agreement may be modified as provided in this Amendment with the agreement of
the Required Lenders which means Lenders (other than Defaulting Lenders) having
Revolving Exposures and unused Commitments representing more than 50% of the sum
of the total Revolving Exposures and unused Commitments.

[Signatures on Following Page.]

 

FIRST AMENDMENT TO FOURTH AMENDED AND RESTATED REVOLVING CREDIT FACILITY
AGREEMENT, Page 4

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Executed as of the date first written above.

 

LENNOX INTERNATIONAL INC., as the Borrower By:  

/s/ Rick Pelini

  Rick Pelini, Vice President and Treasurer

 

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JPMORGAN CHASE BANK, NATIONAL ASSOCIATION individually as a Lender and as the
Administrative Agent By:  

/s/ Gregory Martin

  Gregory T. Martin, Vice President

 

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Bank of America, N.A. as a Lender By:  

/s/ Allison W. Connally

  Name:  

Allison W. Connally

  Title:  

Senior Vice President

 

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PNC BANK NATIONAL ASSOCIATION as a Lender By:  

/s/ Christian S. Brown

  Name:  

Christian S. Brown

  Title:  

Senior Vice President

 

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The Bank of Tokyo-Mitsubishi UFJ, Ltd. as a Lender By:  

/s/ Thomas Danielson

  Name:  

Thomas Danielson

  Title:  

Authorized Signatory

 

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US Bank, National Association as a Lender By:  

/s/ Steven Dixon

  Name:  

Steven Dixon

  Title:  

Vice President

 

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Amegy Bank NA as a Lender By:  

/s/ Claire Harrison

  Name:  

Claire Harrison

  Title:  

Vice President

 

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BOKF, NA dba Bank of Texas as a Lender By:  

/s/ Matt Renna

  Name:  

Matt Renna

  Title:  

Vice President

 

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COMERICA BANK as a Lender By:  

/s/ Ventoba Terry

  Name:  

Ventoba Terry

  Title:  

Vice President

 

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Fifth Third Bank as a Lender By:  

/s/ Glen Mastey

  Name:  

Glen Mastey

  Title:  

Managing Director

 

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The Northern Trust Company as a Lender By:  

/s/ Sara Bravo McCaulay

  Name:  

Sara Bravo McCaulay

  Title:  

Vice President

 

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BRANCH BANKING AND TRUST COMPANY as a Lender By:  

/s/ Allen K. King

  Name:  

Allen K. King

  Title:  

Senior Vice President

 

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COMPASS BANK as a Lender By:  

/s/ Susan Campulano

  Name:  

Susan Campulano

  Title:  

Senior Vice President

 

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Morgan Stanley Bank NA as a Lender By:  

/s/ Christopher Winthrop

  Name:  

Christopher Winthrop

  Title:  

Vice President

 

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Suntrust Bank as a Lender By:  

/s/ Vinay Desai

  Name:  

Vinay Desai

  Title:  

Vice President

 

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THE BANK OF NOVA SCOTIA as a Lender By:  

/s/ Michael Grad

  Name:  

Michael Grad

  Title:  

Director

 

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Subsidiary Guarantor Consent

Each of the undersigned Subsidiary Guarantors: (i) consents and agrees to this
Amendment; (ii) agrees that the Loan Documents to which it is a party shall
remain in full force and effect and shall continue to be the legal, valid and
binding obligation of such Subsidiary Guarantor enforceable against it in
accordance with their respective terms; and (iii) agree that the obligations,
indebtedness and liabilities of the Borrower arising under this Amendment are
“Obligations” as defined in the Agreement and “Guaranteed Indebtedness” as
defined in the Guaranty Agreement to which it is a party.

 

ALLIED AIR ENTERPRISES LLC ADVANCED DISTRIBUTOR PRODUCTS LLC HEATCRAFT INC.
HEATCRAFT REFRIGERATION PRODUCTS LLC LENNOX GLOBAL LTD. LENNOX INDUSTRIES INC.
LGL AUSTRALIA (US) INC. LENNOX NATIONAL ACCOUNT SERVICES LLC By:  

/s/ Rick Pelini

  Rick Pelini, Authorized Officer for each Subsidiary Guarantor

 

FIRST AMENDMENT TO FOURTH AMENDED AND RESTATED REVOLVING CREDIT FACILITY
AGREEMENT, Signature Page

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SCHEDULE 6.01

TO

LENNOX INTERNATIONAL INC.

FIRST AMENDMENT TO FOURTH AMENDED AND RESTATED REVOLVING CREDIT

FACILITY AGREEMENT

EXISTING INDEBTEDNESS

Indebtedness owing to BTMU Capital Leasing & Finance, Inc. arising in connection
with the Synthetic Lease in the initial amount of $41,202,994 (the “Synthetic
Lease”).

Indebtedness of up to 80 million Mexican Pesos owed by Kysor Warren de Mexico,
S. de R.L. de C.V. under a promissory note dated September 29, 2014

Indebtedness of up to 10 million Euros owed by LGL Holland B.V. to Bank of
America, National Association Amsterdam Branch under an uncommitted credit
facility initially dated April 17, 2012 and subsequently amended.

Amounts owed under a $450 million stock repurchase agreement to be entered into
in October, 2014.

Amounts owed in connection with Tift County Development Authority Industrial
Development Revenue Bonds (Heatcraft Refrigeration Products LLC Project), in the
initial amounts of US $12.7 million and US $3.6 million.

Amounts owed in connection with the General Obligation Industrial Development
Refunding Bonds of Grenada County, Missisippi, in the initial amount of US
$5,040,000.

Amounts owed in connection with loans of up to 37,310,990 Brazilian Reals made
to Heatcraft do Brasil.

Up to US $53,613,176 owed in connection with letters of credit issued by Chase,
Wells Fargo, US Bank and Scotia Bank.

 

SCHEDULE 6.01 to FIRST AMENDMENT TO FOURTH AMENDED AND RESTATED REVOLVING CREDIT
FACILITY AGREEMENT, Solo Page