EXHIBIT 10.1
 
EXECUTION COUNTERPART
 
AMENDMENT NO. 6
 
AMENDMENT NO. 6 (this “Amendment No. 6”) dated as of November 22, 2002 to the
Credit Agreement referred to below, between CHART INDUSTRIES, INC., a Delaware
corporation (the “Borrower”); the Subsidiary of the Borrower identified under
the caption “SUBSIDIARY BORROWER” on the signature pages hereto (the “Subsidiary
Borrower”); each of the Subsidiaries of the Borrower identified under the
caption “SUBSIDIARY GUARANTORS” on the signature pages hereto (individually, a
“Subsidiary Guarantor” and, collectively, the “Subsidiary Guarantors” and,
together with the Borrower and the Subsidiary Borrower, the “Obligors”); each of
the lenders that is a signatory hereto (individually, a “Lender” and,
collectively, the “Lenders”); and JPMORGAN CHASE BANK, as administrative agent
for the Lenders (in such capacity, together with its successors in such
capacity, the “Administrative Agent”).
 
The Borrower, the Subsidiary Borrower, the Subsidiary Guarantors, each of the
lenders that is a signatory thereto and the Administrative Agent are parties to
a Credit Agreement dated as of April 12, 1999 (as heretofore modified and
supplemented and in effect immediately prior to the effectiveness of this
Amendment No. 6, the “Credit Agreement”), providing, subject to the terms and
conditions thereof, for loans and other extensions of credit to be made by said
lenders to the Borrower in an aggregate principal or face amount as specified
therein. The Borrower, the Subsidiary Borrower, the Subsidiary Guarantors, the
Lenders and the Administrative Agent wish to amend the Credit Agreement in
certain respects, and accordingly, the parties hereto hereby agree as follows:
 
Section 1.    Definitions.    Except as otherwise defined in this Amendment No.
6, terms defined in the Credit Agreement are used herein as defined therein.
 
Section 2.    Amendments.    Subject to the satisfaction of the conditions
precedent specified in Section 4, but effective as of the date hereof, the
Credit Agreement shall be amended as follows:
 
2.01.    References in the Credit Agreement (including references to the Credit
Agreement as amended hereby) to “this Agreement” (and indirect references such
as “hereunder”, “hereby”, “herein” and “hereof”) shall be deemed to be
references to the Credit Agreement as amended hereby.
 
2.02.    The definition of “Restructuring Charges” contained in Section 1.01 of
the Credit Agreement is hereby amended by deleting the reference in such
definition to “$10,000,000” and replacing it with “$14,000,000”.
 
2.03.    Section 7.03(b) of the Credit Agreement is hereby amended by (x)
deleting the “and” after clause (iv) thereof, (y) renumbering clause (v) as
clause (vi) and (z) adding a new clause (v) to read in its entirety as follows:

Amendment No. 6

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“(v)  the closure and/or conveyance or sale by the Borrower and/or its
Subsidiaries of the assets of its engineering and manufacturing facility located
in Wolverhampton, England (including the stock of any Subsidiary which is solely
holding such assets); provided that in the event of any proposed conveyance or
sale, (i) the price of any assets to be conveyed or sold shall be approved by
the Required Lenders prior to such conveyance or sale and (ii) the proceeds from
any such conveyance or sale are used to prepay the Loans to the extent required
by Section 2.10(b)(v); and”
 
Section 3.    Representations and Warranties.    The Borrower represents and
warrants to the Lenders that (a) the representations and warranties set forth in
Article IV of the Credit Agreement are true and complete on the date hereof as
if made on and as of the date hereof and as if each reference in said Article IV
to “this Agreement” included reference to this Amendment No. 6 and (b)
immediately before and after giving effect to the amendments set forth in
Section 2 of this Amendment No. 6, no Default shall have occurred and be
continuing.
 
Section 4.    Conditions Precedent.    The amendments set forth in Section 2 of
this Amendment No. 6 shall become effective, as of the date hereof, upon the
execution of this Amendment No. 6 by each of the Obligors and each of the
Lenders and the delivery thereof to the Administrative Agent.
 
Section 5.    Limited Waiver; Reservation of Rights.    Except as herein
provided, the Credit Agreement shall remain unchanged and in full force and
effect and nothing herein shall constitute a waiver of, or any agreement to
provide a waiver of, any existing or future Default. Notwithstanding anything
contained herein to the contrary, the Administrative Agent and the Lenders
reserve all of its or their rights, powers, privileges and remedies under or in
respect of the Credit Agreement and the other Credit Documents, at law, in
equity or otherwise in connection with the obligations owing by the Obligors
thereunder, and all collateral security and/or guarantees therefor, all of which
are expressly reserved. This Amendment No. 6 shall not be deemed or otherwise
construed: to be a commitment or any other undertaking or expression of any
willingness to engage in any further discussion with the Borrower or any other
person, firm or corporation with respect to any waiver, amendment, modification
or any other change to the Credit Agreement or the other Credit Documents or any
rights or remedies arising in favor of the Lenders or the Administrative Agent,
or any of them, under or with respect to any such documents; or to be a waiver
of, or consent to or a modification or amendment of, any other term or condition
of any other agreement by and among the Borrower, on the one hand, and the
Administrative Agent or any other Lender, on the other hand. Neither the
requirements of good faith and fair dealing nor any other theory, concept or
argument shall require any Lender to impart upon the Borrower any further or
greater benefits; to suffer any prejudice or impairment of any kind whatsoever;
or to tolerate any noncompliance with this Amendment No. 6 and the Credit
Documents, because each Lender has bargained for and given valuable
consideration for this Amendment No. 6 and the Credit Documents and its creation
of express, explicit and objective limits of what benefits each Lender is
willing to provide to the Borrower, and what, in return, the Borrower is
required to provide to each Lender. This Amendment No. 6 and the Credit
Documents provide a clear statement of each Lender’s requirements and
obligations and creates an agreed upon standard of performance upon which each
Lender is entitled to rely in
 
Amendment No. 6

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exercising and enforcing its respective remedies under the Credit Agreement and
the other Credit Documents.
 
Section 6.    Ratification of Obligations, Etc.    By its execution of this
Amendment No. 6, each of the Obligors (a) ratifies and reaffirms in all respects
its obligations under the Credit Agreement and the other Credit Documents to
which it is a party, and confirms that each such agreement to which it is a
party is valid and enforceable against such Obligor and (b) agrees that there
are no oral agreements or understandings among such Obligor and the
Administrative Agent or any Lender relating to this Amendment No. 6, the Credit
Agreement or any other Credit Document.
 
Section 7.    Acknowledgment and Release.    (a)  Each of the Obligors
acknowledges that neither the Administrative Agent nor any Lender has at any
time directed or participated in any aspect of the management of the Obligors or
any of their respective Affiliates or the conduct of the businesses of the
Obligors, or any of their respective Affiliates, and the Obligors, and any of
their respective Affiliates, have made all of their respective business
decisions independently of the Administrative Agent or any Lender.
Notwithstanding any other provision of this Amendment No. 6 or the Credit
Agreement, or any other contract or instrument between the Obligors, or any of
their respective Affiliates, on the one hand, and the Administrative Agent and
the Lenders, or any of them, on the other hand: (i) the relationship between the
Administrative Agent or any Lender, on the one hand, and each of the Obligors,
or any of their respective Affiliates, on the other hand, shall be limited to
the relationship of a lender to a borrower in a commercial loan transaction;
(ii) neither the Administrative Agent nor any Lender is or shall be construed as
a partner, joint venturer, alter-ego, manager, controlling person or other
business associate or participant of any kind of the Obligors, or any of their
respective Affiliates (or any other Person), and neither the Administrative
Agent nor any Lender intends to assume any such status at any time; and (iii)
neither the Administrative Agent nor any Lender shall be deemed responsible for
(or a participant in) any acts, omissions or decisions of the Obligors, or any
of their respective Affiliates, or any other Lender or, in the case of Lenders,
the Administrative Agent.
 
(b)  Each of the Obligors further acknowledge and agree that they have no
claims, demands, damages, suits, cross complaints, counterclaims, conditions,
causes of action, debts, offsets, disgorgements or assertions of any kind or
nature whatsoever, whether known or unknown, and whenever or however arising
that can be asserted to reduce or eliminate all or any part of their respective
liability to repay all amounts owed under the Credit Documents, or to seek any
affirmative relief or damages of any kind or nature from the Administrative
Agent or Lenders, or any of them, that arises out of or relates to any Prior
Event (the “Claims”), and to the extent any such Claims exist, they are fully
and forever released as provided in paragraph (c) below. As used herein the term
“Prior Event” means any transaction, event, circumstances, action, failure to
act or occurrence of any sort or type, whether known or unknown, which occurred,
existed, was taken, permitted or begun prior to the execution of this Amendment
No. 6 or occurred, existed, was taken, permitted or begun in accordance with,
pursuant to or by virtue of any terms of this Amendment No. 6, the Credit
Agreement, the other Credit Documents, the transactions referred to herein
and/or therein, or oral or written agreement relating to any of the foregoing,
including without limitation any approval or acceptance given or denied.
 
Amendment No. 6

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(c) Each of the Obligors on behalf of itself, and any Person claiming by,
through, or under any of the Obligors, (each a “Releasing Party” and
collectively the “Releasing Parties”) hereby releases, remises, waives and
forever discharges the Administrative Agent, the Lenders, and any or all of the
Administrative Agents’ or Lenders’ subsidiaries, Affiliates, directors,
officers, employees, agents, attorneys, financial advisors, representatives,
successors and assigns, from any and all Claims. This Section 7 shall survive
the termination of this Amendment No. 6 or any Credit Document. Each Releasing
Party has been advised by counsel with respect to the release contained in this
Section 7. Each Releasing Party hereby affirms its intent to waive unknown
claims and to waive any statutory protection available in any applicable
jurisdiction with respect thereto.
 
Section 8.    Miscellaneous.    The Borrower shall pay all reasonable expenses
incurred by the Administrative Agent (including the reasonable fees, charges and
disbursements of Milbank, Tweed, Hadley & McCloy LLP, special New York counsel
to JPMorgan Chase Bank) in connection with the preparation, negotiation,
execution and delivery of this Amendment No. 6. Except as herein provided, the
Credit Agreement shall remain unchanged and in full force and effect. This
Amendment No. 6 may be executed in any number of counterparts, all of which
taken together shall constitute one and the same amendatory instrument and any
of the parties hereto may execute this Amendment No. 6 by signing any such
counterpart. This Amendment No. 6 shall be governed by, and construed in
accordance with, the law of the State of New York.
 
Amendment No. 6

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 6 to be
duly executed by their respective authorized officers as of the day and year
first above written.
 
CHART INDUSTRIES, INC.
By:
 
/s/    Michael F. Biehl         

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Name: Michael F. Biehl
Title: Chief Financial Officer and Treasurer

 
SUBSIDIARY BORROWER
 
CHART HEAT EXCHANGERS LIMITED
By:
 
/s/    Michael F. Biehl         

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Name: Michael F. Biehl
Title: Director

 
Amendment No. 6

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SUBSIDIARY GUARANTORS
 
CHART HEAT EXCHANGERS LIMITED PARTNERSHIP
By:   
 
CHART MANAGEMENT COMPANY, INC.,
as its sole general partner
By:
 
/s/    Michael F. Biehl         

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Name: Michael F. Biehl
Title: Chief Financial Officer and Treasurer

 
CHART INDUSTRIES FOREIGN SALES CORPORATION
By:
 
/s/    Michael F. Biehl         

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Name: Michael F. Biehl
Title: Chief Financial Officer and Treasurer

 
CHART INTERNATIONAL INC.
By:
 
/s/    Michael F. Biehl         

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Name: Michael F. Biehl
Title: Chief Financial Officer and Treasurer

 
CHART MANAGEMENT COMPANY, INC.
By:
 
/s/    Michael F. Biehl         

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Name: Michael F. Biehl
Title: Chief Financial Officer and Treasurer

 
Amendment No. 6

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CHART LEASING, INC.
By:
 
/s/    Michael F. Biehl         

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Name: Michael F. Biehl
Title: Chief Financial Officer and Treasurer

 
CHART, INC.
By:
 
/s/    Michael F. Biehl         

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Name: Michael F. Biehl
Title: Chief Financial Officer and Treasurer

 
CHART INTERNATIONAL HOLDINGS, INC.
By:
 
/s/    Michael F. Biehl         

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Name: Michael F. Biehl
Title: Chief Financial Officer and Treasurer

 
CHART ASIA, INC.
By:
 
/s/    Michael F. Biehl         

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Name: Michael F. Biehl
Title: Chief Financial Officer and Treasurer

 
CAIRE INC.
By:
 
/s/    Michael F. Biehl         

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Name: Michael F. Biehl
Title: Chief Financial Officer and Treasurer

 
COOLTEL, INC.
By:
 
/s/    Michael F. Biehl         

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Name: Michael F. Biehl
Title: Chief Financial Officer and Treasurer

 
Amendment No. 6

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NEXGEN FUELING, INC.
By:
 
/s/    Michael F. Biehl         

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Name: Michael F. Biehl
Title: Chief Financial Officer and Treasurer

 
GREENVILLE TUBE, LLC
By:
 
/s/    Richard L. Vareha         

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Name: Richard L. Vareha
Title: Chief Financial Officer and Treasurer

 
Amendment No. 6

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[LENDERS
 
JPMORGAN CHASE BANK,
individually and as Administrative Agent
By:
 
/s/    R. A. O’Dell         

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Name: R. A. O’Dell
Title: Managing Director

 
NATIONAL CITY BANK
By:
 
/s/    Anthony J. DiMare         

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Name: Anthony J. DiMare
Title: Senior Vice President

 
BANK ONE NA
By:
 
/s/    Gaye C. Plunkett         

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Name: Gaye C. Plunkett
Title: Vice President

 
VAN KAMPEN PRIME RATE INCOME TRUST
By:   Van Kampen Advisory Investment Corp.
By:
 
/s/    Christina Jamieson         

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Name: Christina Jamieson
Title: Vice President

 
 
SENIOR DEBT PORTFOLIO
By:   Boston Management and Research, as
         Investment Advisor
By:
 
/s/    Scott H. Page         

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Name: Scott H. Page
Title: Vice President

 
 
Amendment No. 6

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U.S. BANK NATIONAL ASSOCIATION
By:
 
/s/    James P. Cecil         

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Name: James P. Cecil
Title: AVP

 
UNION BANK OF CALIFORNIA, N.A.
By:
 
/s/    George Veter         

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Name: George Veter
Title: Vice President

 
 
FLEET NATIONAL BANK
By:
 
/s/    Peter M. Anzivino         

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Name: Peter M. Anzivino
Title: Authorized Signer

 
GENERAL ELECTRIC CAPITAL CORPORATION
By:
 
/s/    Robert M. Kadlick         

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Name: Robert M. Kadlick
Title: Duly Authorized Signatory

 
HARRIS TRUST AND SAVINGS BANK
By:
 
/s/    Sandra J. Sanders         

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Name: Sandra J. Sanders
Title: Vice President

 
Amendment No. 6

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THE HUNTINGTON NATIONAL BANK
By:
 
/s/    John R. Bruch         

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Name: John R. Bruch
Title: Vice President
ENDEAVOUR, LLC
By:
 
/s/    Stuart J. Lissner         

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Name: Stuart J. Lissner
Title: Managing Director
CITIZENS BANK OF MASSACHUSETTS
By:
 
/s/    Christopher G. Daniel         

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Name: Christopher G. Daniel
Title: Vice President
BANK AUSTRIA CREDITANSTALT CORPORATE FINANCE, INC.
By:
 
/s/    Dieter Boehme

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Hans Jung

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Name: Dieter Boehme
Title: Executive Vice President
 
Hans Jung
Associate Director
FIRST MERIT BANK N.A.
By:
 
/s/    John F. Neumann         

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Name: John F. Neumann
Title: Senior Vice President

 
Amendment No. 6

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KEYBANK NATIONAL ASSOCIATION
By:
 
/s/    Nadine M. Eames         

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Name: Nadine M. Eames
Title: Vice President

 
KZH RIVERSIDE LLC
By:
 
/s/    Rowena Smith        

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Name: Rowena Smith
Title: Authorized Agent

 
KZH STERLING LLC
By:
 
/s/    Rowena Smith         

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Name: Rowena Smith
Title: Authorized Agent

 
KZH CYPRESSTREE – 1 LLC
By:
 
/s/    Rowena Smith         

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Name: Rowena Smith
Title: Authorized Agent

 
CENTURION CDO I, LIMITED
By:   American Express Asset Management Group
         Inc. as Collateral Manager
By:
 
/s/    Steven B. Staver         

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Name: Steven B. Staver
Title: Managing Director

 
 
CENTURION CDO II, LIMITED
By:   American Express Asset Management Group
         Inc. as Collateral Manager
By:
 
/s/    Steven B. Staver         

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Name: Steven B. Staver
Title: Managing Director

 
Amendment No. 6

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CENTURION CDO III, LIMITED
By:   American Express Asset Management Group
         Inc. as Collateral Manager
By:
 
/s/    Steven B. Staver         

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Name: Steven B. Staver
Title: Managing Director

 
CENTURION CDO IV, LIMITED
By:   American Express Asset Management Group
         Inc. as Collateral Manager
By:
 
/s/    Steven B. Staver         

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Name: Steven B. Staver
Title: Managing Director

 
CENTURION CDO VI, LTD
By:   American Express Asset Management Group
         Inc. as Collateral Manager
By:
 
/s/    Steven B. Staver         

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Name: Steven B. Staver
Title: Managing Director

 
 
 
Amendment No. 6