exv10w1



 





EXHIBIT 10.1




EXECUTION COPY




AMENDMENT NO. 5 TO




AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT




          THIS AMENDMENT NO. 5 TO AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT (the
“Amendment”), dated as of September 27, 2007, among ANIXTER RECEIVABLES CORPORATION, a
Delaware corporation (the “Seller”), ANIXTER INC., a Delaware corporation
(“Anixter”), as the initial Servicer, each financial institution party hereto as a
Financial Institution, FALCON ASSET SECURITIZATION COMPANY LLC (“Falcon”) and THREE PILLARS
FUNDING LLC (f/k/a Three Pillars Funding Corporation) (“Three Pillars”), as conduits,
(collectively, the “Conduits” and each individually, a “Conduit”), SUNTRUST
ROBINSON HUMPHREY, INC. and JPMORGAN CHASE BANK, N.A. (successor by merger to Bank One, NA)
(“JPMorgan”), as managing agents (collectively, the “Managing Agents” and each
individually, a “Managing Agent”) and JPMorgan, as agent for the Purchasers (the
“Agent”).




W I T N E S S E T H:




          WHEREAS, the Seller, Anixter, the Financial Institutions, Falcon, Three Pillars, the Managing
Agents and the Agent are parties to that certain Amended and Restated Receivables Purchase
Agreement, dated as of October 3, 2002 (as amended, restated, supplemented or otherwise modified
from time to time, the “Agreement”); and




          WHEREAS the parties hereto desire to amend the Agreement on the terms and conditions set forth
below;




          NOW THEREFORE, in consideration of the premises herein contained, and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the parties hereto hereby
agree as follows:




     SECTION 1. Defined Terms. Capitalized terms used and not otherwise defined herein
shall have the meanings assigned to such terms in the Agreement.



     SECTION 2. Amendment to the Agreement. Subject to the satisfaction of the conditions
precedent set forth in Section 3 below, the definition of the term “Liquidity
Termination Date” set forth in Exhibit I to the Agreement is amended and restated in its
entirety to read as follows



“Liquidity Termination Date” means September 24, 2008.




     SECTION 3. Effective Date. This Amendment shall become effective and shall be deemed effective
as of the date first written above when the Agent shall have received a copy of this Amendment duly
executed by each of the parties hereto.



 









 





     SECTION 4. Representations and Warranties of the Seller Parties. In order to induce
the parties hereto to enter into this Amendment, each of the Seller Parties represents and warrants
to the Agent and the Purchasers, as to itself, that:




     (a) The representations and warranties of such Seller Party set forth in Section
5.1 of the Agreement, as hereby amended, are true, correct and complete on the date
hereof as if made on and as of the date hereof and there exists no Amortization Event or
Potential Amortization Event on the date hereof, provided that in the case of any
representation or warranty in Section 5.1 that expressly relates to facts in
existence on an earlier date, the reaffirmation thereof under this Section 4(a)
shall be made as of such earlier date.




     (b) The execution and delivery by such Seller Party of this Amendment has been duly
authorized by proper corporate proceedings of such Seller Party and this Amendment, and the
Agreement, as amended by this Amendment, constitutes the legal, valid and binding obligation
of such Seller Party, enforceable against such Seller Party in accordance with its terms,
except as such enforcement may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws of general applicability affecting the
enforcement of creditors’ rights generally.



     SECTION 5. Ratification. The Agreement, as amended hereby, is hereby ratified,
approved and confirmed in all respects.



     SECTION 6. Reference to Agreement. From and after the effective date hereof, each
reference in the Agreement to “this Agreement”, “hereof”, or “hereunder” or words of like import,
and all references to the Agreement in any and all agreements, instruments, documents, notes,
certificates and other writings of every kind and nature shall be deemed to mean the Agreement, as
amended by this Amendment.



     SECTION 7. CHOICE OF LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE
INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF ILLINOIS.



     SECTION 8. Execution of Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall constitute one and
the same agreement.



* * * * *




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




	 	 	 	 	 
	 	ANIXTER RECEIVABLES CORPORATION,

as the Seller

 	 
	 	By:  	/s/ Rod Shoemaker
 	 
	 	 	Name:  	Rod Shoemaker 	 
	 	 	Title:  	V.P. - Treasurer 	 
	 



	 	 	 	 	 
	 	ANIXTER INC.,

as the initial Servicer

 	 
	 	By:  	/s/ Rod Shoemaker
 	 
	 	 	Name:  	Rod Shoemaker 	 
	 	 	Title:  	V.P. - Treasurer 	 



 









 






	 	 	 	 	 



	 	 	 	 	 
	 	FALCON ASSET SECURITIZATION

COMPANY LLC





By: JPMorgan Chase Bank, N.A., its

attorney-in-fact

 	 
	 	By:  	/s/ Ronald J. Atkins
 	 
	 	 	Name:  	Ronald J. Atkins 	 
	 	 	Title:  	Executive Director 	 
	 



	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A. (successor

by merger to Bank One, NA), as a Financial

Institution, a Managing Agent and as Agent

 	 
	 	By:  	/s/ Ronald J. Atkins
 	 
	 	 	Name:  	Ronald J. Atkins 	 
	 	 	Title:  	Executive Director 	 



 









 






	 	 	 	 	 



	 	 	 	 	 
	 	THREE PILLARS FUNDING LLC (f/k/a Three

Pillars Funding Corporation)

 	 
	 	By:  	/s/ Doris J. Hearn
 	 
	 	 	Name:  	Doris J. Hearn 	 
	 	 	Title:  	Authorized Signatory 	 
	 



	 	 	 	 	 
	 	SUNTRUST BANK, as a

Financial Institution

 	 
	 	By:  	/s/
William C. Humphries 	 
	 	 	Name:  	William C. Humphries 	 
	 	 	Title:  	Managing Director 	 
	 



	 	 	 	 	 
	 	SUNTRUST ROBINSON HUMPHREY, INC.,

as a Managing Agent

 	 
	 	By:  	/s/ Michael G. Maza
 	 
	 	 	Name:  	Michael G. Maza 	 
	 	 	Title:  	Managing Director