Third Amendment to Credit Agreement dated as of January 15, 2004



 Exhibit 4.4 
  
 THIRD AMENDMENT TO CREDIT AGREEMENT 
  
 This THIRD AMENDMENT TO CREDIT AGREEMENT (the “Amendment”) is entered into as of this 15th day of January, 2004, by and among UNITED AGRI
PRODUCTS, INC., a Delaware corporation (“U.S. Borrower”), UNITED AGRI PRODUCTS CANADA INC., an entity organized under the federal laws of Canada (“Canadian Borrower”, and collectively with U.S. Borrower, the
“Borrowers”), the other persons designated as Credit Parties on the signature pages hereof, the financial institutions who are parties to this Amendment as Lenders, GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation
(“Agent”) and GE CANADA FINANCE INC., an entity organized under the federal laws of Canada (“Canadian Agent”, and collectively with U.S. Agent, “Agents”). Unless otherwise specified herein,
capitalized terms used in this Amendment shall have the meanings ascribed to them in Annex A to the Credit Agreement (as hereinafter defined). 
  
 RECITALS 
  
 WHEREAS, the Borrowers, certain Credit Parties, Agents and Lenders have entered into that certain Credit Agreement dated as of November 24, 2003 (as
amended, supplemented, restated or otherwise modified from time to time, the “Credit Agreement” ); and 
  
 WHEREAS, the parties hereto wish to amend certain provisions of the Credit Agreement as provided herein. 
  
 NOW THEREFORE, in consideration of the mutual execution hereof and other good
and valuable consideration, the parties hereto agree as follows: 
  
 1. Amendments. 
  
 a. Section 3.1(p) of
the Credit Agreement is hereby amended to insert “(including the Senior Discount Notes)” immediately following “Indebtedness incurred by Holdings” and immediately prior to the final “;” thereof. 
  
 b. Section 3.5(d) of the Credit Agreement is hereby amended by
deleting “and” at the end thereof. 
  
 c. Section
3.5(e) of the Credit Agreement is hereby amended by inserting “;” in lieu of the period at the end thereof. 
  
 d. The Credit Agreement is hereby amended to insert the following new Section 3.5(f) immediately following Section 3.5(e) thereof:

  
 “(f) Holdings may make Restricted Payments consisting
solely of proceeds from the issuance of the Senior Discount Notes, on a pro rata basis, to redeem part of the preferred stock issued to Seller on the Closing Date and to pay a dividend on the common stock of Holdings in an aggregate amount not to
exceed $100,000,000; and” 







 e. The Credit Agreement is hereby amended to insert the following new Section 3.5(g) immediately
following Section 3.5(f) thereof: 
  
 “(g) Borrowers
may make a Restricted Payment to Holdings with respect to the first cash interest payment due to the holders of the Senior Discount Notes in an aggregate amount not to exceed $8,500,000, which Restricted Payment would reduce the amount available for
dividends pursuant to Section 3.5 (d).” 
  
 f. The
definition of EBITDA in Annex A of the Credit Agreement is hereby amended to (i) insert the words “(without duplication)” immediately following the word “plus” in the eleventh line thereof, and (ii) delete the words
“Interest Expense” immediately following the “(ii)” in the twelfth line thereof and insert in their place the words “interest expense”. 
  
 g. Annex A to the Credit Agreement is hereby amended to insert the following new definition in proper alphabetical
order: 
  
 ““Senior Discount Notes” means
those certain unsecured Senior Discount Notes (with interest accreting or being paid in kind from the date of issuance through approximately the fourth anniversary of the date of issuance thereof (but not materially sooner than January 15, 2008) and
with the first cash interest payment date being no earlier than approximately four and one half years (but not materially sooner than July 15, 2008) after the date of issuance thereof) due not earlier than the sixth anniversary of the date of the
issuance thereof to be issued by Holdings in an aggregate original proceeds amount of up to $100,000,000.” 
  
 2. Representations and Warranties of Credit Parties. The Credit Parties represent and warrant that: 
  
 a. the execution, delivery and performance by the Credit Parties of this
Amendment has been duly authorized by all necessary corporate action required on their part and this Amendment is a legal, valid and binding obligation of the Credit Parties enforceable against the Credit Parties in accordance with its terms except
as the enforcement thereof may be subject to (i) the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and (ii) general principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at law); and 
  
 b. after giving effect to this Amendment, each of the representations and warranties contained in the Credit Agreement is true and correct in all material respects on and as of the date hereof as if made on the date hereof, except to the
extent that such representations and warranties expressly relate to an earlier date. 
  
 3. Conditions To Effectiveness. This Amendment shall be effective upon the following (all in form and substance satisfactory to Agents): 
  
 a. execution and delivery of this Amendment by Requisite Lenders and the Credit Parties; and 
  
 b. the representations and warranties contained herein shall be true and
correct in all respects. 
  

 2 








 4. Reference To And Effect Upon The Credit Agreement. 
  
 a. The Credit Agreement and the other Loan Documents shall remain in full
force and effect, as amended hereby, and are hereby ratified and confirmed. 
  
 b. The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of Agents or any Lender under the Credit Agreement or any Loan Document, nor constitute a
waiver or amendment of any provision of the Credit Agreement or any Loan Document, except as specifically set forth herein. Upon the effectiveness of this Amendment, each reference in the Credit Agreement to “this Credit Agreement,”
“hereunder,” “hereof,” “herein” or words of similar import shall mean and be a reference to the Credit Agreement as amended hereby. 
  
 5. Costs And Expenses. As provided in Section 1.3(e) of the Credit Agreement, the Borrowers agree to reimburse
Agents for all fees, costs and expenses in connection with this Amendment, including the reasonable fees, costs and expenses of counsel or other advisors for advice, assistance, or other representation in connection with this Amendment. 

 
 6. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE INTERNAL LAWS (AS OPPOSED TO CONFLICTS OF LAWS PROVISIONS) OF THE STATE OF NEW YORK. 
  
 7. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this
Amendment for any other purposes. 
  
 8. Counterparts. This
Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed an original, but all such counterparts shall constitute one and the same instrument. 
  
 9. Reaffirmation of Guaranties. The Credit Parties signatory hereto
hereby reaffirm their Guaranties of the Obligations, taking into account the provisions of this Amendment. 
  
 (Signature pages follow) 
  

 3 








 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the date first
written above. 
  

			
	LENDERS:
	
	GENERAL ELECTRIC CAPITAL CORPORATION, as Agent, an L/C Issuer and a Lender
		
	 By:
	 	 /s/ Marc Robinson


	 	 	 Its Duly Authorized Signatory

	
	GE CANADA FINANCE INC., as Canadian Agent
		
	 By:
	 	 /s/ Marc Robinson


	 	 	 Its Duly Authorized Signatory

	
	UBS LOAN FINANCE LLC, as a Lender
		
	 By:
	 	 /s/ Wilfred V. Saint


	 Name:
	 	 Wilfred V. Saint

	 Title:
	 	 Associate Director Bank Products Services US

		
	 By:
	 	 /s/ Wilfred V. Saint


	 Name:
	 	 Wilfred V. Saint

	 Title:
	 	 Associate Director Bank Products Services US

	
	CONGRESS FINANCIAL CORPORATION (SOUTHWEST)
		
	 By:
	 	 /s/ Paul Truax


	 Name:
	 	 Paul Truax

	 Title:
	 	 Vice President











			
	 MERRILL LYNCH CAPITAL, A DIVISION
 OF MERRILL LYNCH BUSINESS
 FINANCIAL SERVICES INC.

		
	 By:
	 	  


	 Name:
	 	  


	 Title:
	 	  


	
	COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK INTERNATIONAL,” NEW YORK BRANCH
		
	 By:
	 	  


	 Name:
	 	  


	 Title:
	 	  


	
	FLEET CAPITAL CORPORATION
		
	 By:
	 	 /s/ Adam Seiden


	 Name:
	 	 Adam Seiden

	 Title:
	 	 VP – Loan Officer

	
	PNC BANK, NATIONAL ASSOCIATION
		
	 By:
	 	  


	 Name:
	 	  


	 Title:
	 	  


	
	DEERE CREDIT, INC.
		
	 By:
	 	  


	 Name:
	 	  


	 Title:
	 	  












			
	BANK ONE, NA (MAIN OFFICE CHICAGO)
		
	 By:
	 	  


	 Name:
	 	  


	 Title:
	 	  


	
	BEAR STEARNS CORPORATE LENDING INC.
		
	 By:
	 	 /s/ Victor Bulzacchelli


	 Name:
	 	 Victor Bulzacchelli

	 Title:
	 	 Authorized Signatory











			
	BORROWERS:
	
	UNITED AGRI PRODUCTS CANADA INC., as Canadian Borrower
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	UNITED AGRI PRODUCTS, INC., as U.S. Borrower
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary










 The following Persons are signatories to this Amendment in their capacity as Credit Parties and not as
Borrowers and acknowledge and agree to the foregoing (including, without limitation, Section 9 hereof) in such capacity. 
  

			
	UAP HOLDING CORP.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	AG-CHEM, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	BALCOM CHEMICALS, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	UAP 23, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	CROPMATE COMPANY
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary











			
	CSK ENTERPRISES, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	GAC 26, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	 GROWER SERVICE CORPORATION
 (NEW
YORK)

		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	HACO, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	LOVELAND INDUSTRIES, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary











			
	LOVELAND PRODUCTS, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	 MIDWEST AGRICULTURE
 WAREHOUSE
CO.

		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	OSTLUND CHEMICAL CO.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	PLATTE CHEMICAL CO.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	PUEBLO CHEMICAL & SUPPLY CO.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	RAVAN PRODUCTS, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary











			
	S.E. ENTERPRISES, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	SNAKE RIVER CHEMICALS, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	TRANSBAS, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	TRI-RIVER CHEMICAL COMPANY, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	TRI-STATE CHEMICALS, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary











			
	TRI-STATE DELTA CHEMICALS, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	UAP RECEIVABLES CORPORATION
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	UAP 22, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	UAP/GA AG CHEM, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	UAPLP, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	UNITED AGRI PRODUCTS-FLORIDA, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary











			
	 UNITED AGRI PRODUCTS
 FINANCIAL
SERVICES, INC.

		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	VERDICON, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	YVC, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	UAP 27, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	GENMARKS, INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary

	
	2326396 CANADA INC.
		
	 By:
	 	 /s/ Todd A. Suko


	 Name:
	 	 Todd A. Suko

	 Title:
	 	 Vice President and Secretary