Exhibit 10.1

Execution Version

WAIVER, CONSENT AND AMENDMENT, dated as of November 14, 2012 (this “Waiver”), to
the Credit Agreement, dated as of May 6, 2011 (the “Credit Agreement”), between
iPayment, Inc., a Delaware corporation (the “Company”), iPayment Holdings, Inc.,
a Delaware corporation (“Holdings”), the other Guarantors (as defined therein),
the Lenders (as defined therein) and JPMorgan Chase Bank, N.A., as
Administrative Agent, L/C Issuer and Swingline Lender.

WHEREAS, as described in the Current Report on Form 8-K dated November 5, 2012
(File Number 000-50280) (the “8-K”), the Company will be restating certain
financial statements and in connection with such restatement, a Default has
occurred under certain representations and warranties of the Credit Agreement
(the “Affected Representations and Warranties”) and certain covenants and
conditions of the Credit Agreement (the “Affected Covenants”).

WHEREAS, the Borrower has requested that the Lenders agree to waive the breach
of such Affected Representations and Warranties and the failure to comply with
such Affected Covenants and any Default or Event of Default arising therefrom.
Subject to the terms and conditions set forth herein, each of the Lenders party
hereto have agreed to grant such requests of the Borrower.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby agree as follows:

1. Defined Terms. Unless otherwise defined herein, capitalized terms which are
defined in the Credit Agreement are used herein as therein defined.

2. Waiver and Consent. (a) Subject to and in reliance on the representation and
warranty to be made pursuant to paragraph 2(b) below, the Lenders hereby waive
(i) any Default or Event of Default arising from the Company’s breach of the
representations and warranties contained in Section 6.05(a) or 6.05(c) of the
Credit Agreement or of any other Affected Representations and Warranties, in
each case arising prior to the date of this Waiver and consisting of, resulting
from or relating in any respect to the re-audit, revision or restatement of any
of the financial statements delivered by Holdings, the Borrower or any of its
Subsidiaries (including, without limitation, any misstatement therein or in any
certificate, the fair presentation of the financial condition of the Borrower
and its Subsidiaries, representation or warranty or any disclosure, in each
case, relating thereto and any error, defect or deficiency in accounting
procedures, maintenance of books or records and accounts or the application of
accounting principles reflected thereby or relating thereto) for the following
periods: (x) the fiscal years ended December 31, 2008, 2009, 2010 and 2011,
(y) the interim quarters within the fiscal years described in the preceding
clause (x) and (z) the quarters ended March 31, 2012 and June 30, 2012 (the
financial statements described in clauses (x), (y) and (z), in each case related
to or associated with the matters and events described in the 8-K, whether or
not

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

actually specified in the 8-K, collectively, the “Restated Financials”),
(ii) any Request for Credit Extension or Credit Extension under the Credit
Agreement after the occurrence and during the continuance of any such Default or
Event of Default or (iii) any failure to comply with any covenant or other
obligation under Section 7.03(a) of the Credit Agreement or with any other
Affected Covenant that became required to be performed or observed under any of
such provisions by reason of the occurrence and continuance of any such Default
or Event of Default; provided that, for the avoidance of doubt, nothing in this
clause (a) shall be deemed to constitute a waiver of any breach of Section 8.11
of the Credit Agreement with respect to the information set forth in the
Restated Financials or any Default or Event of Default resulting from any such
breach.

(b) The Lenders hereby agree that, notwithstanding the provisions of Sections
7.01(b) and 7.02(a) of the Credit Agreement, the unaudited financial statements
required to be delivered under Section 7.01(b) for the Borrower’s quarterly
period ended September 30, 2012 and the documents required by Section 7.02(a) to
be delivered concurrently therewith need not be delivered prior to February 1,
2013 (the date on which such financial statements are delivered, the “Extended
Delivery Date”). On the Extended Delivery Date, (x) the Borrower will deliver
the Restated Financials and (y) a Responsible Officer of the Borrower shall
certify that the representations and warranties of the Borrower and each other
Loan Party contained in Article 6 of the Credit Agreement or any other Loan
Document (other than Section 6.05(e) of the Credit Agreement or any similar
representation in any other Loan Document), or which are contained in any
document furnished at any time under or in connection therewith shall be true
and correct in all material respects on and as of such date, except to the
extent that such representations and warranties specifically refer to an earlier
date or earlier period, as the case may be, in which case they shall be true and
correct in all material respects as of such earlier date or earlier period, as
the case may be and except that for purposes of this clause (b), the
representations and warranties contained in subsections (a) and (c) of
Section 6.05 of the Credit Agreement shall be deemed to refer to the statements
delivered on the Extended Delivery Date and, in the case of the financial
statements (including the Restated Financials) furnished pursuant to
Section 7.01(b) of the Credit Agreement, the representations contained in
Section 6.05(a) of the Credit Agreement, as modified by this clause, shall be
qualified by the statement that such financial statements are subject to the
absence of footnotes and year-end audit adjustments.

(c) The Lenders hereby agree that until the Extended Delivery Date,
notwithstanding the provisions of Section 5.02(a) and 5.02(b) of the Credit
Agreement, absent any Default or Event of Default that may occur after the date
hereof that has not been waived by this Waiver, each Revolving Lender shall
continue to honor Requests for Credit Extension delivered in compliance with
Section 2.02(a), 2.03(b) or 2.04(b) (as applicable) of the Credit Agreement;
provided that the aggregate principal amount of all Revolving Borrowings and
Swing Line Borrowings made and Letters of Credit issued shall not exceed
$58,000,000 prior to the Extended Delivery Date which amount, for the

 

2

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

avoidance of doubt, shall include any Revolving Loans, Swing Line Loans and
Letters of Credit outstanding as of the date hereof.

3. Amendment. The parties hereto agree that the Credit Agreement is hereby
amended as follows:

(a) Section 5.02(a) is hereby amended by inserting “(other than Section 6.05(e)
or any similar representation in any other Loan Document)” after the words
“Article 6 or any other Loan Document”.

4. Effectiveness. This Waiver shall become effective as of the date hereof once
each of the following conditions has been satisfied:

(a) the Administrative Agent has received this Waiver, executed and delivered by
the Administrative Agent, the L/C Issuer, the Swingline Lender, the Loan Parties
and the Required Lenders;

(b) the Administrative Agent (or its applicable Affiliate) shall have received:
(i) a consent fee for the account of each Lender that consents to this Waiver by
executing and delivering this Waiver to the Administrative Agent appropriately
completed on or prior to 4:00 p.m., Eastern time, on November 14, 2012, in an
amount equal to 0.25% of the sum of such Lender’s Revolving Commitment, and,
without duplication, any outstanding Loans and L/C Obligations under the Credit
Agreement and (ii) all fees and reasonable out-of-pocket expenses required to be
paid to the Administrative Agent (or any of its Affiliates) in connection with
this Waiver in accordance with Section 11.04 of the Credit Agreement or as
otherwise agreed with the Administrative Agent; and

(c) the Borrower shall have paid all reasonable fees, charges and disbursements
of counsel to the Administrative Agent (or any of its Affiliates) to the extent
invoiced on or prior to the date hereof.

5. Representations and Warranties. Each of the Loan Parties hereby represents
and warrants that, after giving effect to the provisions of this Waiver and
except as modified or waived hereby, (a) each of the representations and
warranties made by any Loan Party in or pursuant to the Loan Documents are true
and correct in all material respects on and as of the date hereof, except to the
extent that such representations and warranties specifically refer to an earlier
date or earlier period, as the case may be, in which case they shall be true and
correct in all material respects as of such earlier date or such earlier period,
as the case may be, and (b) no Default or Event of Default has occurred and is
continuing.

6. Continuing Effect of the Credit Agreement. This Waiver is limited solely to
the matters set forth herein and shall not constitute an amendment or waiver of

 

3

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

any other provision of the Credit Agreement not expressly referred to herein or
be construed as a waiver or consent to any further or future action on the part
of any Loan Party that would require the consent of the Lenders or the
Administrative Agent. Except as expressly waived hereby, the provisions of the
Credit Agreement are and shall remain in full force and effect. This Waiver is a
Loan Document.

7. Miscellaneous Provisions. The provisions of Sections 11.03, 11.04, 11.10,
11.11, 11.12, 11.14 and 11.15 of the Credit Agreement shall apply with like
effect as to this Waiver.

[The remainder of this page is intentionally left blank.]

 

4

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

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

 

BORROWER: iPAYMENT, INC., a Delaware corporation By:   /s/ Philip J. Ragona  
Name:   Philip J. Ragona   Title:   Senior Vice President and General Counsel
GUARANTORS: iPAYMENT, HOLDINGS, INC., a Delaware corporation By:   /s/ Philip J.
Ragona   Name:   Philip J. Ragona   Title:  
Senior Vice President and General Counsel

 

[Signature Page to Waiver and Consent]

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

iPAYMENT OF CALIFORNIA, LLC,

a Tennessee limited liability company

CARDPAYMENT SOLUTIONS, L.L.C.,

a Delaware limited liability company

iPAYMENT ACQUISITION SUB LLC,

a Delaware limited liability company

TS ACQUISITION SUB, LLC,

a Delaware limited liability company

PETROLEUM CARD SOLUTIONS, LLC

(f/k/a PCS Acquisition Sub, LLC),

a Delaware limited liability company

NPMG ACQUISITION SUB, LLC,

a Delaware limited liability company

iFUNDS CASH SOLUTIONS, LLC,

a Nevada limited liability company

MSC ACQUISITION SUB, LLC,

a Delaware limited liability company

CAMBRIDGE ACQUISITION SUB, LLC,

a Delaware limited liability company

FLAGSHIP MERCHANT SERVICES, LLC

(f/k/a iScan Solutions, LLC),

a Delaware limited liability company iADVANTAGE, LLC,

a Delaware limited liability company

iPMT TRANSPORT, LLC,

a Delaware limited liability company

iPAYMENT SALES, LLC,

a Delaware limited liability company

By:   IPAYMENT, INC., as sole Member By:   /s/ Philip J. Ragona   Name:   Philip
J. Ragona   Title:   Senior Vice President and General Counsel

 

[Signature Page to Waiver and Consent]

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

1ST NATIONAL PROCESSING, INC., a Nevada corporation

E-COMMERCE EXCHANGE, INC., a Delaware corporation

iPAYMENT OF MAINE, INC., a Delaware corporation

CARDSYNC PROCESSING, INC., a California corporation

QUAD CITY ACQUISITION SUB, INC., a Delaware corporation

ONLINE DATA CORP., a Delaware Corporation

By:   /s/ Philip J. Ragona   Name:   Philip J. Ragona   Title:  
Senior Vice President and General Counsel

 

[Signature Page to Waiver and Consent]

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

JPMORGAN CHASE BANK, N.A., as Administrative Agent, L/C Issuer, Swingline
Lender, and Lender

By:   /s/ Ann B. Kerns   Name:   Ann B. Kerns   Title:   Vice President

 

[Signature Page to Waiver and Consent]

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

ABCLO 2007-1, Ltd.

By:   AllianceBernstein L.P. By:   /s/ Michael Sohr   Name:   Michael Sohr  
Title:   Senior Vice President

 

[Signature Page to Waiver and Consent]

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

Pacifica CDO V LTD

By:   Alcentra NY, LLC, as investment advisor By:   /s/ Robert Davis   Name:  
Robert Davis   Title:   Senior Vice President

 

[Signature Page to Waiver and Consent]

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

Prospero CLO II B.V. By:   Alcentra NY, LLC, as investment advisor By:   /s/
Robert Davis   Name: Robert Davis   Title:   Senior Vice President

 

[Signature Page to Waiver and Consent]

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

Veritas CLO II, LTD By:   Alcentra NY, LLC, as investment advisor By:   /s/
Robert Davis   Name: Robert Davis   Title:   Senior Vice President

 

[Signature Page to Waiver and Consent]

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

AllianceBernstein Institutional Investments -

        High Yield Loan Portfolio

By:   AllianceBernstein L.P. By:   /s/ Michael Sohr   Name: Michael Sohr  
Title:   Senior Vice President

 

[Signature Page to Waiver and Consent]

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

ASF1 Loan Funding LLC By:   Citibank N.A. By:   /s/ Lynette Thompson   Name:
Lynette Thompson   Title:   Director

 

[Signature Page to Waiver and Consent]

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

BABSON CLO LTD. 2005-I

BABSON CLO LTD. 2005-III

BABSON CLO LTD. 2007-I

BABSON CLO LTD. 2012-I

CLEAR LAKE CLO, LTD.

ST. JAMES RIVER CLO, LTD.

SUMMIT LAKE CLO, LTD.

By:  

Babson Capital Management LLC as

Collateral Manager

 

By:   /s/ Arthur J. McMahon, Jr.   Name: Arthur J. McMahon, Jr.   Title:
  Managing Director

 

BABSON CAPITAL FLOATING RATE

INCOME MASTER FUND, L.P.

By:  

Babson Capital Management LLC as

Investment Manager

 

By:   /s/ Arthur J. McMahon, Jr.   Name: Arthur J. McMahon, Jr.   Title:
  Managing Director

 

JFIN CLO 2007 LTD.

JFIN CAPITAL LLC

By:   Jefferies Finance LLC as Collateral Manager

 

By:   /s/ Kevin Stephens   Name: Kevin Stephens   Title:   Closing Manager

 

[Signature Page to Waiver and Consent]

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

JFIN CLO 2012 LTD. By:   Jefferies Finance LLC as Portfolio Manager

 

By:   /s/ Kevin Stephens   Name: Kevin Stephens   Title:   Closing Manager

 

[Signature Page to Waiver and Consent]

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

DIAMOND LAKE CLO, LTD. By:  

Babson Capital Management LLC as

Collateral Servicer

By:   /s/ Arthur J. McMahon, Jr.   Name: Arthur J. McMahon, Jr.   Title:
  Managing Director

 

[Signature Page to Waiver and Consent]

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

Bank of America, N.A. By:   /s/ Thomas C. Kilcrease, Jr.  

Name: Thomas C. Kilcrease, Jr.

Title:   Senior Vice President

 

[Signature Page to Waiver and Consent]

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

BlueMountain CLO 2011-1 Ltd By:  

BLUEMOUNTAIN CAPITAL

MANAGEMENT Its Collateral

Manager

By:   /s/ Jack Chau   Name: Jack Chau   Title:   Associate

 

[Signature Page to Waiver and Consent]

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

BlueMountain CLO II, LTD By:  

BLUEMOUNTAIN CAPITAL

MANAGEMENT Its Collateral

Manager

By:   /s/ Jack Chau  

Name: Jack Chau

Title:   Associate

 

[Signature Page to Waiver and Consent]

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

BlueMountain CLO III, LTD By:  

BLUEMOUNTAIN CAPITAL

MANAGEMENT Its Collateral

Manager

By:   /s/ Jack Chau   Name: Jack Chau   Title:   Associate

 

[Signature Page to Waiver and Consent]

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

Castle Garden Funding By:   /s/ Thomas Flannery   Name: Thomas Flannery   Title:
  AUTHORIZED SIGNATORY

 

[Signature Page to Waiver and Consent]

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

Flagship CLO V By:  

Deutsche Investment Management

Americas, Inc. (as successor in interest

to Deutsche Asset Management, Inc.),

As Collateral Manager

By:   /s/ Eric S. Meyer   Name: Eric S. Meyer   Title:   Managing Director By:  
/s/ Joseph Tavolieri   Name: Joseph Tavolieri   Title:   Vice President

 

[Signature Page to Waiver and Consent]

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

Flagship CLO VI By:  

Deutsche Investment Management

Americas, Inc.

As Collateral Manager

By:   /s/ Eric S. Meyer   Name: Eric S. Meyer   Title:   Managing Director By:  
/s/ Joseph Tavolieri   Name: Joseph Tavolieri   Title:   Vice President

 

[Signature Page to Waiver and Consent]

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

DWS Floating Rate Fund By:  

Deutsche Investment Management

Americas, Inc.

Investment Advisor

By:   /s/ Eric S. Meyer   Name: Eric S. Meyer   Title:   Managing Director By:  
/s/ Joseph Tavolieri   Name: Joseph Tavolieri   Title:   Vice President

 

[Signature Page to Waiver and Consent]

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

MT. WHITNEY SECURITIES INC.,

as Assignee

By:  

Deutsche Investment Management

Americas, Inc.

As Manager

By:   /s/ Eric S. Meyer   Name: Eric S. Meyer   Title:   Managing Director By:  
/s/ Joseph Tavolieri   Name: Joseph Tavolieri   Title:   Vice President

 

[Signature Page to Waiver and Consent]

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

CMFG Life Insurance Company By:   Deutsche Investment Management   Americas,
Inc.   As Subadvisor By:   /s/ Eric S. Meyer   Name: Eric S. Meyer   Title:
  Managing Director By:   /s/ Joseph Tavolieri   Name: Joseph Tavolieri   Title:
  Vice President

 

[Signature Page to Waiver and Consent]

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

DWS Ultra-Short Duration Fund By:   Deutsche Investment Management  

Americas, Inc.

Investment Advisor

By:   /s/ Eric S. Meyer   Name: Eric S. Meyer   Title:   Managing Director By:  
/s/ Joseph Tavolieri   Name: Joseph Tavolieri   Title:   Vice President

 

[Signature Page to Waiver and Consent]

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

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent, L/C Issuer,

Swingline Lender, and Lender

By:       Name:   Title: Eos Strategic Income Master Fund By:   /s/ Steven M.
Friedman   Name: Steven M. Friedman   Title:   Managing Partner

 

[Signature Page to Waiver and Consent]

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

Advanced Series Trust – AST First Trust

Balanced Target Portfolio

By:   First Trust Advisors L.P., its investment manager By:   /s/ Scott Fries  
Name: Scott Fries   Title:   Vice President

 

[Signature Page to Waiver and Consent]

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

First Trust Senior Floating Rate Income
        Fund II By:   First Trust Advisors L.P., its investment manager By:  
/s/ Scott Fries   Name: Scott Fries   Title:   Vice President

 

[Signature Page to Waiver and Consent]

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

MC Credit Products DIP SMA, L.P. By:  

Fort Hill Investment Partners, its

General Partner

By:   /s/ Luke Gosselin   Name: Luke Gosselin   Title:   Managing Member

 

[Signature Page to Waiver and Consent]

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

Aladdin Credit Offshore Fund II, L.P. By:  

Fort Hill Investment Partners, its

General Partner

By:   /s/ Luke Gosselin   Name: Luke Gosselin   Title:   Managing Member

 

[Signature Page to Waiver and Consent]

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

 

Aladdin DIP Offshore Fund, L.P. By:  

Fort Hill Investment Partners, its

General Partner

By:   /s/ Luke Gosselin   Name: Luke Gosselin   Title:   Managing Member

 

[Signature Page to Waiver and Consent]

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

Arch Investment Holdings III Ltd. By:   PineBridge Investments LLC   As
Collateral Manager By:   /s/ Steven Oh   Name: Steven Oh   Title:   Managing
Director

 

[Signature Page to Waiver and Consent]

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

Fire and Police Pension Fund, San Antonio By:   PineBridge Investments LLC   Its
Investment Manager By:   /s/ Steven Oh   Name: Steven Oh   Title:   Managing
Director

 

[Signature Page to Waiver and Consent]

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

Galaxy V CLO, LTD By:   PineBridge Investments LLC   Its Collateral Manager By:
  /s/ Steven Oh   Name: Steven Oh   Title:   Managing Director

 

[Signature Page to Waiver and Consent]

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

Galaxy VI CLO, LTD By:   PineBridge Investments LLC   Its Collateral Manager By:
  /s/ Steven Oh   Name: Steven Oh   Title:   Managing Director

 

[Signature Page to Waiver and Consent]

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

Galaxy VII CLO, LTD By:   PineBridge Investments LLC   Its Collateral Manager
By:   /s/ Steven Oh   Name: Steven Oh   Title:   Managing Director

 

[Signature Page to Waiver and Consent]

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

Galaxy VIII CLO, LTD By:   PineBridge Investments LLC   Its Collateral Manager
By:   /s/ Steven Oh   Name: Steven Oh   Title:   Managing Director

 

[Signature Page to Waiver and Consent]

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

Galaxy X CLO, LTD By:   PineBridge Investments LLC   Its Collateral Manager By:
  /s/ Steven Oh   Name: Steven Oh   Title:   Managing Director

 

[Signature Page to Waiver and Consent]

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

Galaxy XI CLO, Ltd. By:   PineBridge Investments LLC   Its Collateral Manager
By:   /s/ Steven Oh   Name: Steven Oh   Title:   Managing Director

 

[Signature Page to Waiver and Consent]

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

PineBridge Bank Loan Fund Ltd. By:   PineBridge Investments LLC   Its Investment
Manager By:   /s/ Steven Oh   Name: Steven Oh   Title:   Managing Director

 

[Signature Page to Waiver and Consent]

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

STICHTING PENSIOENFONDS VOOR

HUISARTSEN

By:   PineBridge Investments LLC   Its Investment Manager By:   /s/ Steven Oh  
Name: Steven Oh   Title:   Managing Director

 

[Signature Page to Waiver and Consent]

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

Saturn CLO, Ltd. By:   PineBridge Investments LLC
Its Collateral Manager By:   /s/ Steven Oh   Name: Steven Oh   Title:   Managing
Director

 

[Signature Page to Waiver and Consent]

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

VALIDUS REINSURANCE LTD By:   PineBridge Investments LLC
Its Investment Manager By:   /s/ Steven Oh  

Name: Steven Oh

Title:   Managing Director

 

[Signature Page to Waiver and Consent]

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

GE Capital Bank, f/k/a, GE Capital

Financial Inc.

By:   /s/ Heather Leigh Glade   Name: Heather Leigh Glade   Title:   Duly
Authorized Signatory

 

[Signature Page to Waiver and Consent]

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

Global Leveraged Capital Credit

Opportunity Fund I

By:   Global Leveraged Capital Management,
LLC as Collateral Manager By:   /s/ Christian Giordano   Name: Christian
Giordano   Title:   Principal

 

[Signature Page to Waiver and Consent]

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

GoldenTree Loan Opportunities V, Limited By: GoldenTree Asset Management, LP By:
  /s/ Karen Weber   Name: Karen Weber   Title:   Director – Bank Debt

 

[Signature Page to Waiver and Consent]

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

GoldenTree Loan Opportunities IV, Limited By: GoldenTree Asset Management, LP
By:   /s/ Karen Weber   Name: Karen Weber   Title:   Director – Bank Debt

 

[Signature Page to Waiver and Consent]

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

GoldenTree Loan Opportunities III, Limited By: GoldenTree Asset Management, LP
By:   /s/ Karen Weber   Name: Karen Weber   Title:   Director – Bank Debt

 

[Signature Page to Waiver and Consent]

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

ABS Loans 2007 Limited, a subsidiary of

Goldman Sachs Institutional Funds II

PLC

By:   /s/ Kevin Owen  

Name: Kevin Owen

Title:   Authorised Signatory

By:   /s/ Cormac Bohan  

Name: Cormac Bohan

Title:   Authorised Signatory

 

[Signature Page to Waiver and Consent]

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

GOLDMAN SACHS ASSET

        MANAGEMENT CLO, PUBLIC

        LIMITED COMPANY

By: Goldman Sachs Asset Manager, L.P.,

        as Manager

By:   /s/ Vini Kukreta   Name: Vini Kukreta   Title:   VP

 

[Signature Page to Waiver and Consent]

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

Northrop Grumman Pension Master Trust By:  

Goldman Sachs Asset Management,

L.P. solely as its investment advisor and

not as principal

By:   /s/ Vini Kukreta   Name: Vini Kukreta   Title:   VP

 

[Signature Page to Waiver and Consent]

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

Goldman Sachs Trust on behalf of the   Goldman Sachs High Yield Floating Rate
Fund By:  

Goldman Sachs Asset Management, L.P.

solely as its investment advisor and

not as principal

By:   /s/ Vini Kukreta   Name: Vini Kukreta   Title:   VP

 

[Signature Page to Waiver and Consent]

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

J. P. Morgan Whitefriars Inc. By:   /s/ Virginia R. Conway   Name: Virginia R.
Conway   Title:   Attorney-in-Fact

 

[Signature Page to Waiver and Consent]

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

LATITUDE CLO I, LTD By:   /s/ Kirk Wallace   Name: Kirk Wallace   Title:
  Senior Vice President

 

[Signature Page to Waiver and Consent]

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

LATITUDE CLO III, LTD By:   /s/ Kirk Wallace   Name: Kirk Wallace   Title:   
Senior Vice President

 

[Signature Page to Waiver and Consent]

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

MARATHON CLO II LTD. By:  

Marathon Asset Management L.P.

Its Collateral Manager

By:   /s/ Jake Hyde   Name: Jake Hyde   Title:   Authorized Signatory

 

[Signature Page to Waiver and Consent]

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

MARATHON CLO IV LTD. By:  

Marathon Asset Management L.P.

Its Collateral Manager

By:   /s/ Jake Hyde   Name: Jake Hyde   Title:    Authorized Signatory

 

[Signature Page to Waiver and Consent]

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

Marlborough Street CLO, Ltd., as a Lender By:  

Edwards Wildman Palmer LLP,

Authorized Signatory

By:   /s/ Authorized Signatory   A Member of the Firm

 

Jersey Street CLO, Ltd., as a Lender By:  

Edwards Wildman Palmer LLP,

Authorized Signatory

By:   /s/ Authorized Signatory   A Member of the Firm

 

[Signature Page to Waiver and Consent]

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

Post Advisory Group, LLC, not in its   individual capacity but solely on behalf
of the Post Limited Term High Yield Master Fund, L.P. By:   /s/ Sanije Perrett  
Name: Sanije Perrett   Title:   Chief Operating Officer

 

[Signature Page to Waiver and Consent]

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

JNL/PPM America Floating Rate Income   Fund, a series of the JNL Series Trust
By:   PPM America, Inc., as sub-adviser By:   /s/ Chris Kappas   Name: Chris
Kappas   Title:   Managing Director

 

[Signature Page to Waiver and Consent]

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

PPM GRAYHAWK CLO, LTD By:   PPM America, Inc., as Collateral Manager By:   /s/
Chris Kappas   Name: Chris Kappas   Title:   Managing Director

 

[Signature Page to Waiver and Consent]

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

ROSEDALE CLO LTD By:  

Princeton Advisory Group, Inc.,

the Collateral Manager

By:   /s/ Troy Isaksen   Name: Troy Isaksen   Title:   Portfolio Manager

 

[Signature Page to Waiver and Consent]

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

Baptist Health South Florida, Inc. By:  

Seix Investment Advisors LLC,

as Advisor

RidgeWorth Funds - Seix Floating Rate

        High Income Fund

By:  

Seix Investment Advisors LLC,

as Subadvisor

as Lenders By:   /s/ George Goudelias   Name: George Goudelias   Title:
  Managing Director

 

[Signature Page to Waiver and Consent]

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

THE BANK OF NOVA SCOTIA By:   /s/ Richard Taylor   Name: Richard Taylor   Title:
  Authorized Signatory

 

[Signature Page to Waiver and Consent]

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

ROYAL BANK OF CANADA By:   /s/ William J. Caggiano   Name: William J. Caggiano  
Title:   Authorized Signatory

 

[Signature Page to Waiver and Consent]

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

Trimark Floating Rate Income Fund,

Invesco Canada Ltd., in its capacity as

manager of the Trimark Floating Rate

Income Fund

By:   /s/ Gary Lew   Name: Gary Lew   Title:   Portfolio Manager

 

[Signature Page to Waiver and Consent]

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

UBS LOAN FINANCE LLC By:   /s/ Kenneth Chin   Name: Kenneth Chin   Title:
  Director By:   /s/ Joselin Fernandes   Name: Joselin Fernandes   Title:
  Associate Director

 

[Signature Page to Waiver and Consent]

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

Venture IX CDO, Limited By:  

its investment advisor, MJX Asset

Management LLC

 

By:   /s/ Hans Christensen   Name: Hans Christensen   Title:   Chief Investment
Officer

 

[Signature Page to Waiver and Consent]

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

Venture V CDO Limited By:  

its investment advisor, MJX Asset

Management, LLC

 

By:   /s/ Hans Christensen   Name: Hans Christensen   Title:   Chief Investment
Officer

 

[Signature Page to Waiver and Consent]

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

Venture VI CDO Limited By:  

its investment advisor, MJX Asset

Management, LLC

 

By:   /s/ Hans Christensen   Name: Hans Christensen   Title:   Chief Investment
Officer

 

[Signature Page to Waiver and Consent]

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

Venture VII CDO Limited By:   its investment advisor, MJX Asset   Management,
LLC By:   /s/ Hans Christensen   Name: Hans Christensen   Title:   Chief
Investment Officer

 

[Signature Page to Waiver and Consent]

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

Venture VIII CDO, Limited By:   its investment advisor, MJX Asset   Management,
LLC By:   /s/ Hans Christensen   Name: Hans Christensen   Title:   Chief
Investment Officer

 

[Signature Page to Waiver and Consent]

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

Virtus Senior Floating Rate Fund By:   /s/ Kyle Jennings   Name: Kyle Jennings  
Title:   Managing Director

 

[Signature Page to Waiver and Consent]

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

Virtus Multi-Sector Short Term Bond Fund By:   /s/ Kyle Jennings   Name: Kyle
Jennings   Title:   Managing Director

 

[Signature Page to Waiver and Consent]

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

WhiteHorse IV Ltd By:   WhiteHorse Capital Partners, L.P.   as Investment
Manager By:   WhiteRock Asset Advisors, LLC   as General Partner By:   /s/ Ethan
Underwood   Name: Ethan Underwood   Title:   Manager

 

[Signature Page to Waiver and Consent]