exhibit10-a.htm


 


EXHIBIT 10-a


 


 


 


AMENDMENT AGREEMENT NO. 1


 


dated as of 28 June 2011


 


between 


 


Meritor Heavy Vehicle Braking Systems (USA), Inc.,

Meritor Heavy Vehicle Systems, LLC and

Meritor Aftermarket USA, LLC (formerly known as Arvinmeritor Mascot, LLC)

as Sellers 


 


and 


 


Viking Asset Purchaser No. 7 IC

an incorporated cell of Viking Global Finance ICC

as Purchaser 


 


and


 


Citicorp Trustee Company Limited

as Programme Trustee 


 


(the “Amendment Agreement”) 


 


 


 


 


 





 







	1.	       	BACKGROUND AND DEFINITIONS
	 
	1.1	 	The parties hereto have entered into a receivables purchase agreement dated 29 October 2010 between Meritor Heavy Vehicle Braking Systems (USA), Inc., Meritor Heavy Vehicle Systems, LLC and Arvinmeritor Mascot, LLC (now known as Meritor Aftermarket USA, LLC) as Sellers, Viking Asset Purchaser No. 7 IC, an incorporated cell of Viking Global Finance ICC, as Purchaser and Citicorp Trustee Company Limited as Programme Trustee as amended, restated and supplemented from time to time (the “Receivables Purchase Agreement”).
	 
	1.2	 	The parties now wish to amend the Receivables Purchase Agreement in accordance with the provisions set out herein.
	 
	1.3	 	Capitalised terms shall, unless the context otherwise requires, have the meaning given to them in the Receivables Purchase Agreement.
	 
	2.	 	AMENDMENT
	 
	2.1	 	The parties hereto agree that with effect as of 4 April 2011, the definition of “Total Commitment” in Clause 1.1 of the Receivables Purchase Agreement shall be amended as follows:
	 
	 	 	In the third line “being EUR 32,000,000” shall be amended to “being EUR 50,000,000”.
	 
	3.	 	MISCELLANEOUS
	 
	3.1	 	For the avoidance of doubt, the Receivables Purchase Agreement shall remain in full force and effect and the provisions set out in this Amendment Agreement shall only take effect as specified herein.
	 
	3.2	 	This Amendment Agreement may be executed in any number of counterparts and all such counterparts taken together shall be deemed to constitute one and the same instrument.
	 
	3.3	 	Clause 20 (GOVERNING LAW; JURISDICTION; WAIVER OF JURY TRIAL) of the Receivables Purchase Agreement shall be incorporated in and form part of this Amendment Agreement mutatis mutandis.





 


IN WITNESS WHEREOF the parties have executed this Amendment Agreement on the respective dates specified below with effect from the date specified in Clause 2.1 above.

 


 



	For and behalf of
	 
	Meritor Heavy Vehicle Braking Systems (USA), Inc.
	 	 	 
	By:	/s/     	Mary A. Lehmann
	 	 
	Name:   	Mary A. Lehmann
	 	 
	Title:	Senior Vice-President and Treasurer










 







	For and on behalf of
	 
	Meritor Heavy Vehicle Systems, LLC
	 	 	 
	By:	/s/	Mary A. Lehmann
	 	 
	Name:   	Mary A. Lehmann
	 	 
	Title:	Senior Vice-President and Treasurer
	 
	 
	For and behalf of
	 
	Meritor Aftermarket USA, LLC (formerly known as Arvinmeritor Mascot, LLC)
	 	 	 
	By:	/s/	Mary A. Lehmann
	 	 
	Name:	Mary A. Lehmann
	 	 
	Title:	Senior Vice-President and Treasurer
	 
	 
	For and behalf of
	 
	Viking Asset Purchaser No. 7 IC
	 	 	 
	By:	/s/     	Cheryl Heslop
	 	 
	Name:  	Cheryl Heslop
	 	 
	Title:	Alternate Director
	 
	 
	For and behalf of
	 
	Citicorp Trustee Company Limited
	 	 	 
	By:	/s/	Viola Japaul
	 	 
	Name:	Viola Japaul
	 	 
	Title:	Director