Exhibit 10.1
SECOND AMENDMENT
TO
AMENDED & RESTATED CREDIT AGREEMENT
          THIS SECOND AMENDMENT TO AMENDED & RESTATED CREDIT AGREEMENT (this
“Second Amendment”) dated as of July 21, 2006, relates to that certain Amended
and Restated Credit Agreement dated as of December 19, 2005 (as amended by that
certain First Amendment, dated as of March 22, 2006, and as further amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”),
among NMHG Holding Co., a Delaware corporation (“NMHG Holding”), NACCO Materials
Handling Group, Inc., a Delaware corporation (“NMHG”), NACCO Materials Handling
Limited (company number 02636775), incorporated under the laws of England and
Wales (the “UK Borrower”), NACCO Materials Handling B.V., a private company with
limited liability incorporated under the laws of the Netherlands having its
corporate seat in Nijmegen (together with NMHG Holding, NMHG and the UK
Borrower, the “Borrowers”), the financial institutions from time to time a party
thereto as Lenders, whether by execution of the Credit Agreement or an
Assignment and Acceptance (as defined therein), the financial institutions from
time to time party thereto as Issuing Bank, whether by execution of the Credit
Agreement or an Assignment and Acceptance or otherwise, Citicorp North America,
Inc., a Delaware corporation, in its capacity as administrative agent for the
Lenders and the Issuing Bank thereunder (with its successors and permitted
assigns in such capacity, the “Administrative Agent”), and Citigroup Global
Markets Inc. as sole lead arranger and sole bookrunner.
          1. Definitions. Capitalized terms defined in the Credit Agreement and
not otherwise defined or redefined herein have the meanings assigned to them in
the Credit Agreement.
          2. Second Amendment Effective Date Amendments to Credit Agreement.
Upon the “Second Amendment Effective Date” (as defined in Section 4 below), the
Credit Agreement is hereby amended as follows:
          2.1 Amendments to Section 6.01(p) (ERISA Matters). Section 6.01(p) of
the Credit Agreement is hereby amended as follows:
     (a) by deleting the sixth sentence of Section 6.01(p) in its entirety and
substituting the following in its stead:
No Borrower or any ERISA Affiliate nor any fiduciary of any Plan which is not a
Multiemployer Plan (i) has engaged in a nonexempt prohibited transaction
described in Sections 406 of ERISA or 4975 of the Internal Revenue Code or
(ii) has taken or failed to take any action which would constitute or result in
a Termination Event other than (a) a merger permitted under Section
9.09(b)(Restrictions on Fundamental Changes) or (b) the Reportable Events
described on Schedule 6.01-P(A) attached
Second Amendment to
NMHG A&R Credit Agreement

 

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

 

hereto, which Reportable Events are not reasonably expected to result in a
liability in excess of $2,000,000 to any Borrower or any ERISA Affiliate.
          2.2 Addition of Schedule 6.01-P(A). Schedule 6.01-P(A) is hereby added
in the proper numerical order to the Credit Agreement Schedule in the form and
substance attached as Exhibit A hereto.
          3. Representations and Warranties. The Borrowers hereby represent and
warrant to each Lender, each Issuing Bank and the Administrative Agent that
(a) all of the representations and warranties of the Borrowers and the Borrower
Subsidiaries in the Credit Agreement and in any other Loan Document are true and
correct in all material respects on and as of the Second Amendment Effective
Date as though made to each Lender, each Issuing Bank and the Administrative
Agent on and as of such date (other than representations and warranties which
expressly speak as of a different date, which representations shall be made only
on such date) and (b) as of the Second Amendment Effective Date, no Event of
Default or Default has occurred and is continuing.
          4. Second Amendment Effective Date. This Second Amendment shall become
effective as of the date first above written (the “Second Amendment Effective
Date”) upon the satisfaction of the following conditions:
          4.1 The Administrative Agent shall have received counterparts hereof
executed by the Borrowers, the Administrative Agent and each Lender required to
execute the Second Amendment pursuant to the terms of the Credit Agreement;
          4.2 Each of the representations and warranties contained in this
Second Amendment shall be true and correct in all material respects on and as of
the Second Amendment Effective Date;
          4.3 As of the Second Amendment Effective Date, no Event of Default or
Default shall have occurred and be continuing; and
          4.4 The Borrowers shall have reimbursed the Administrative Agent for
the reasonable fees, costs and expenses incurred by or owing to it in connection
with this Second Amendment, and all other outstanding fees and expenses incurred
prior to the Second Amendment Effective Date, in each case which are payable
under Section 14.02 of the Credit Agreement.
          5. Miscellaneous.
          5.1 This Second Amendment is a Loan Document. The headings herein are
for convenience of reference only and shall not alter or otherwise affect the
meaning hereof.
          5.2 On and after the Second Amendment Effective Date, each reference
in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of
like import, and each reference in the other Loan Documents to the Credit
Agreement, shall mean and be a reference to
Second Amendment to
NMHG A&R Credit Agreement

2

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

 

the Credit Agreement as amended hereby. Except to the extent specifically
amended or modified hereby, all of the terms of the Credit Agreement and the
other Loan Documents shall remain unchanged and in full force and effect and are
hereby ratified and confirmed in all respects.
          5.3 The execution, delivery and effectiveness of this Second Amendment
shall not, except as expressly provided herein, operate as a waiver of any
right, power or remedy of any Lender, the Issuing Bank or the Administrative
Agent under the Credit Agreement or any of the Loan Documents, nor obligate any
Lender, the Issuing Bank or the Administrative Agent to agree to similar
amendments in the future.
          6. Counterparts; Facsimile Delivery. This Second Amendment may be
executed in counterparts, each of which when so executed and delivered shall be
deemed an original, but all such counterparts together shall constitute but one
and the same instrument. Delivery of an executed counterpart of this Second
Amendment by facsimile transmission shall be effective as delivery of a manually
executed counterpart hereof.
          7. GOVERNING LAW. THIS SECOND AMENDMENT, AND ALL ISSUES RELATING TO
THIS SECOND AMENDMENT, INCLUDING THE VALIDITY, ENFORCEABILITY, INTERPRETATION OR
CONSTRUCTION OF THIS SECOND AMENDMENT OR ANY PROVISION HEREOF, SHALL BE GOVERNED
BY, AND SHALL BE DETERMINED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK.
[Signature pages follow]
Second Amendment to
NMHG A&R Credit Agreement

3

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

 

          IN WITNESS WHEREOF, the Administrative Agent, the Issuing Bank, the
Requisite Lenders and the Borrowers have caused this Second Amendment to be
executed by their respective officers thereunto duly authorized as of the date
first above written.

            NMHG HOLDING CO.
      By:   /s/ Jeffrey C. Mattern       Name:  Jeffrey C. Mattern      
Title:    Treasurer  

            NACCO MATERIALS HANDLING GROUP, INC.
      By:   /s/ Jeffrey C. Mattern       Name:  Jeffrey C. Mattern      
Title:    Treasurer  

            NACCO MATERIALS HANDLING LIMITED
      By:   /s/ Jeffrey C. Mattern       Name:  Jeffrey C. Mattern      
Title:    Director  

            NACCO MATERIALS HANDLING B.V.

By: NACCO MATERIALS HANDLING GROUP, LTD., its Managing Director
      By:   /s/ Jeffrey C. Mattern       Name:  Jeffrey C. Mattern      
Title:    Director  

Signature Page to
Second Amendment to
NMHG A&R Credit Agreement

 

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

 

            CITICORP NORTH AMERICA, INC., as Administrative Agent, as Issuing
Bank, as Swing Loan Bank and as a Domestic Lender
      By:   /s/ Miles D. McManus       Name:  Miles D. McManus      
Title:  Vice President and Director  

            CITIBANK INTERNATIONAL PLC, as Multicurrency Lender and as Overdraft
Line Bank
      By:   /s/ Miles D. McManus       Name:  Miles D. McManus      
Title:  Authorized Signer  

Signature Page to
Second Amendment to
NMHG A&R Credit Agreement

 

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

 

            GENERAL ELECTRIC CAPITAL CORPORATION, as a Domestic Lender
      By:   /s/ Dwayne L. Coker       Name:  Dwayne L. Coker      
Title:    Duly Authorized Signatory  

Signature Page to
Second Amendment to
NMHG A&R Credit Agreement

 

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

 

            WELLS FARGO FOOTHILL, INC., as a Domestic Lender
      By:   /s/  Jennifer Fory       Name:   Jennifer Fory       Title:  
Account Executive, AVP  

Signature Page to
Second Amendment to
NMHG A&R Credit Agreement

 

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

 

            U.S. BANK NATIONAL ASSOCIATION, as a Domestic Lender
      By:   /s/  Scott J. Bell       Name:   Scott J. Bell       Title:   Senior
Vice President  

Signature Page to
Second Amendment to
NMHG A&R Credit Agreement

 

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

 

            KEYBANK NATIONAL ASSOCIATION, as a Domestic Lender
      By:   /s/  Nadine M. Eames       Name:   Nadine M. Eames       Title:  
Vice President  

Signature Page to
Second Amendment to
NMHG A&R Credit Agreement

 

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

 

            ING CAPITAL LLC, as a Domestic Lender
      By:   /s/ Janice M. Whalen             Name:   Janice M. Whalen      
Title:   Vice President  

Signature Page to
Second Amendment to
NMHG A&R Credit Agreement

 

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

 

            BANK OF AMERICA, N.A., as a Domestic Lender
      By:   /s/ Daryl K. Hogge       Name:   Daryl K. Hogge       Title:  
Senior Vice President  

Signature Page to
Second Amendment to
NMHG A&R Credit Agreement

 

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

 

            HSBC BANK USA, N.A., as a Domestic Lender
      By:   /s/ Paul W. Ip       Name:   Paul W. Ip       Title:   Vice
President  

Signature Page to
Second Amendment to
NMHG A&R Credit Agreement