Amendment No.1 to Credit Agreement with General Electric Capital Corporation



 Exhibit 4.1.2 
  
 WAIVER AND AMENDMENT NO. 1 TO CREDIT AGREEMENT 
  
 This WAIVER AND AMENDMENT NO. 1 TO CREDIT AGREEMENT (this “Waiver and Amendment”) is dated as of October 28, 2004,
and is by and among GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation, individually as a Lender and as Agent for the Lenders (“Agent”), AMEDISYS, INC., a Delaware corporation (“Holdings”), and each of the other
Borrowers under the Credit Agreement (described below) named on the signature pages hereto (collectively with Holdings, the “Borrowers” and, individually, a “Borrower”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, pursuant to that certain Credit Agreement dated as of April 28,
2004, by and among Agent, the Lenders from time to time party thereto (“Lenders”), Borrowers and the other Credit Parties signatory from time to time thereto (as amended or otherwise modified from time to time, the “Credit
Agreement”; capitalized terms used herein and not otherwise defined herein shall have the meaning ascribed to such terms in the Credit Agreement), Agent and Lenders agreed, subject to the terms and provisions thereof, to provide certain loans
and other financial accommodations to Borrowers; 
  
 WHEREAS, an
Event of Default is currently in existence as a result of Borrowers permitting Holdings and its Subsidiaries to make Capital Expenditures in excess of the amount permitted in the Maximum Capital Expenditures covenant set forth in Annex G to the
Credit Agreement for the twelve month period ending September 30, 2004, constituting a breach of Section 6.10 of the Credit Agreement and an Event of Default under Section 8.1(b) of the Credit Agreement (the “Existing Event of Default”);
and 
  
 WHEREAS, Borrowers desire that Agent and Lenders waive the
Existing Event of Default and amend the Credit Agreement in certain respects; 
  
 NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  
 1. Waiver. Subject to the satisfaction of the
conditions set forth in Section 3 below, and in reliance on the representations and warranties set forth in Section 5 below, Agent hereby waives the Existing Event of Default; provided that Capital Expenditures for the twelve month period
ending September 30, 2004 did not exceed $4,750,000. This is a limited waiver and shall not be deemed to constitute a waiver of any other Event of Default or any future breach of the Credit Agreement or any of the other Loan Documents. 

 
 2. Amendments to Credit Agreement. Subject to the
satisfaction of the conditions set forth in Section 3 below, and in reliance on the representations and warranties set forth in Section 5 below, the Credit Agreement is amended as follows: 
  
 (a) The first sentence of Section 2.1 of the Credit
Agreement is hereby amended and restated in its entirety as follows: 
  
 “No Lender shall be obligated to make any Loan or incur any Letter of Credit Obligations on the Closing Date, or to take, fulfill, or perform any other action hereunder, until the following conditions have been
satisfied or provided for in a manner satisfactory to Agent, or waived in writing by Agent and Lenders and only so long as such conditions have been satisfied or waived prior to January 28, 2005:” 
  
 (b) The defined term “Commitment Termination Date”
set forth in Annex A of the Credit Agreement is hereby amended and restated in its entirety as follows: 
  
 “Commitment Termination Date” means the earliest of (a) April 28, 2008, (b) the date of termination of Lenders’
obligations to make Advances and to incur Letter of Credit Obligations or permit existing Loans to remain outstanding pursuant to Section 8.2(b), (c) the date of indefeasible 








 
prepayment in full by Borrowers of the Loans and the cancellation and return (or stand-by guarantee) of all Letters of Credit or the cash collateralization
of all Letter of Credit Obligations pursuant to Annex B, and the permanent reduction of all Commitments to zero dollars ($0), and (d) January 28, 2005 if the Closing Date has not occurred on or prior to such date.” 
  
 3. Conditions. The effectiveness of this Waiver and
Amendment is subject to the satisfaction of the following conditions precedent or concurrent: 
  
 (a) Agent shall have received this Waiver and Amendment executed by Borrowers and the Requisite Lenders; 
  
 (b) All proceedings taken in connection with the
transactions contemplated by this Waiver and Amendment and all documents, instruments and other legal matters incident thereto shall be satisfactory to Agent, Lenders and their respective legal counsel; and 
  
 (c) No Default or Event of Default shall have occurred and
be continuing, both before and after giving effect to the provisions of this Waiver and Amendment. 
  
 4. References; Effectiveness. Agent, Lenders and Borrowers hereby agree that, upon the effectiveness of this Waiver and Amendment,
all references to the Credit Agreement which are contained in any of the other Loan Documents shall refer to the Credit Agreement as modified by this Waiver and Amendment. 
  
 5. Representations and Warranties. To induce Lenders to enter into this Waiver and Amendment, each
Borrower hereby represents and warrants to Lenders that: 
  
 (a) All representations and warranties contained in the Credit Agreement and the other Loan Documents are true and correct in all material respects on and as of the date of this Waiver and Amendment, in each case as
if then made, other than representations and warranties that expressly relate solely to an earlier date (in which case such representations and warranties remain true and accurate on and as of such earlier date); 
  
 (b) This Waiver and Amendment constitutes the legal, valid
and binding obligation of such Borrower and is enforceable against such Borrower in accordance with its terms; 
  
 (c) There is no Default or Event Default in existence and none would result from the consummation of the transactions described in, and
the subject of, this Waiver and Amendment; and 
  
 (d) The execution and delivery by each Borrower of this Waiver and Amendment does not require the consent or approval of any person or entity, except such consents and approvals as have been obtained. 
  
 6. Counterparts. This Waiver and Amendment may be
executed in any number of counterparts and by the different parties on separate counterparts, and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Waiver and Amendment.

  
 7. Continued Effectiveness. Except as
modified hereby, the Credit Agreement and each of the Loan Documents shall continue in full force and effect according to its terms. 
  
 8. Costs and Expenses. Each Borrower, jointly and severally, shall be responsible for payment of all costs and expenses (which
shall include reasonable fees and actual expenses of Agent’s counsel, including any in-house counsel employed for this purpose) of Agent in connection with the preparation of this Waiver and Amendment, which costs and expenses shall be deemed
to be Obligations secured by the Credit Agreement and the other Loan Documents. 
  
 [Signature page follows] 
  

 2 








 IN WITNESS WHEREOF, this Waiver and Amendment has been executed as of the day and year first written
above. 
  

			
	 GENERAL ELECTRIC CAPITAL CORPORATION,
 as Agent and a Lender

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 Duly Authorized Signatory

	
	BORROWERS:
	
	 AMEDISYS, INC.

	 AMEDISYS HOME HEALTH, INC. OF ALABAMA

	 AMEDISYS HOME HEALTH, INC. OF FLORIDA

	 AMEDISYS HOME HEALTH, INC. OF SOUTH CAROLINA

	 AMEDISYS HOME HEALTH, INC. OF VIRGINIA

	 HOME HEALTH OF ALEXANDRIA, INC.

	 AMEDISYS LOUISIANA, L.L.C.

	 AMEDISYS LA ACQUISITIONS, L.L.C.

	 AMEDISYS PRIVATE DUTY OF GEORGIA, INC.

	 AMEDISYS, INC.

	 AMEDISYS GEORGIA, L.L.C.

	 AMEDISYS NORTHWEST, L.L.C.

	 AMEDISYS NORTH CAROLINA, L.L.C.

	 AMEDISYS OKLAHOMA, L.L.C.

	 AMEDISYS TENNESSEE, L.L.C.

	 AMEDISYS SPECIALIZED MEDICAL SERVICES, INC.

	 AMEDISYS QUALITY OKLAHOMA, L.L.C.

	 AMEDISYS EQUITY GROUP, L.L.C.

	 AMEDISYS HEALTH MANAGEMENT, L.L.C.

	 AMEDISYS TEXAS, LTD

	 AMEDISYS ARKANSAS, LLC

	 AMEDISYS DIABETIC SUPPLY, L.L.C.

	 AMEDISYS HOSPICE, L.L.C.

	 AMEDISYS MISSISSIPPI, L.L.C.

	 AMEDISYS SOUTH FLORIDA, L.L.C.

		
	 By
	 	 
	 Name
	 	 
	 Title
	 	 


  

 3