EX-10.1






EXECUTION COPY




AMENDMENT NO. 6




TO




RECEIVABLES PURCHASE AGREEMENT




THIS AMENDMENT NO. 6 TO RECEIVABLES PURCHASE AGREEMENT dated as of December 19, 2005 (this
“Amendment”) is entered into among INSIGHT RECEIVABLES, LLC (the “Seller”), INSIGHT
ENTERPRISES, INC. (the “Servicer”), JPMORGAN CHASE BANK, N.A. (successor by merger to Bank
One, NA (Main Office Chicago)), as a Financial Institution and as Agent (in its capacity as Agent,
the “Agent”), and JUPITER SECURITIZATION CORPORATION (“Jupiter”). Capitalized
terms used herein but not defined herein shall have the meanings provided in the Receivables
Purchase Agreement defined below.



W I T N E S S E T H




WHEREAS, the parties hereto are parties to that certain Receivables Purchase Agreement dated
as of December 31, 2002 (as amended, restated, supplemented or otherwise modified from time to
time, the “Receivables Purchase Agreement”);



WHEREAS, the parties hereto have agreed to amend the Receivables Purchase Agreement on the
terms and conditions hereafter set forth;



NOW, THEREFORE, in consideration of the premises set forth above, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto hereby agree as follows:



SECTION 1. Amendment. Subject to the fulfillment of the conditions precedent set
forth in Section 2 below, the Receivables Purchase Agreement is hereby amended as follows:



1.1 Section 9.1(m) of the Receivables Purchase Agreement is amended and restated in
its entirety as follows:



CH1 3402063v.1 December 19, 2005 02:33 PM



(m) The ratio, determined as of the end of each Fiscal Quarter for the
then most-recently ended four Fiscal Quarter period, of (a) an amount equal to (i)
Consolidated EBITDA during such period minus (ii) Consolidated Capital
Expenditures during such period minus (iii) the aggregate amount of cash
dividends paid by Insight on its capital stock during such period plus (iv)
Consolidated Rentals during such period to (b) an amount equal to (i) Consolidated
Interest Expense during such period plus (ii) Consolidated Rentals during
such period plus (iii) expenses for taxes paid or taxes accrued during such
period plus (iv) the scheduled amortization of the principal portion of
Indebtedness during such period (other than amounts owing in connection with
Receivables Purchase Facilities permitted under the Credit Agreement), including,
without limitation, Capitalized Lease Obligations, all calculated for Insight and
its Subsidiaries on a consolidated basis, to be less than 1.25 to 1.00.



1.2 Section 9.1(n) of the Receivables Purchase Agreement is hereby amended and
restated as follows:




(n) [Reserved.]



1.3 Schedule 9.1(n) to the Receivables Purchase Agreement is deleted in its entirety.



1.4 The proviso in the definition of “Agreement Accounting Principles” set forth in
Exhibit I to the Receivables Purchase Agreement is amended and restated in its entirety as
follows:




provided, however, that except as provided in Section 10.4,
with respect to the calculation of the financial covenants set forth in Sections
9.1(l) and 9.1(m) (and the defined terms used in such Sections),
“Agreement Accounting Principles” means generally accepted accounting principles as
in effect in the United States as of the Closing Date, applied in a manner
consistent with that used in preparing the financial statements of Insight referred
to in Section 5.1(y) hereof.



1.5 The definitions of “Facility Termination Date” and “Liquidity Termination Date” set forth
in Exhibit I to the Receivables Purchase Agreement are amended and restated in their
entirety as follows:



“Facility Termination Date” means the earliest of (i) the Liquidity Termination Date
and (ii) the Amortization Date.



“Liquidity Termination Date” means December 19, 2006.



1.6 Exhibit I to the Receivables Purchase Agreement is amended to insert the following
definitions in alphabetical order therein:




“Consolidated Rentals” means, with reference to any period, the Rentals of Insight and
its Subsidiaries calculated on a consolidated basis for such period.




“Operating Lease” of a Person means any lease of Property (other than a Capitalized
Lease) by such Person as lessee which has an original term (including any required renewals
and any renewals effective at the option of the lessor) of one year or more.




“Rentals” of a Person means the aggregate fixed amounts payable by such Person under
any Operating Lease.



SECTION 2. Conditions Precedent. This Amendment shall become effective as of the
close of business on the date first above written, subject to the satisfaction of the conditions
precedent that (i) the Agent shall have received counterparts of this Amendment, executed by each
of the parties hereto and (ii) Jupiter (or the Agent on behalf of Jupiter) shall have received a
fully earned and non-refundable renewal fee in an amount equal to $35,000.



SECTION 3. Representations and Warranties. Each of the Seller and the Servicer hereby
represents and warrants that (i) this Amendment constitutes its legal, valid and binding
obligation, enforceable against such party in accordance with its terms, (ii) before and after
giving effect to this Amendment, the representations and warranties of each such party,
respectively, set forth in Article 5 of the Receivables Purchase Agreement are true and
correct in all material respects with the same effect as if made on the date hereof, except to the
extent such representations and warranties expressly relate to an earlier date. The Seller further
represents and warrants that before and after giving effect to this Amendment, no event has
occurred and is continuing that constitutes an Amortization Event or a Potential Amortization
Event.



SECTION 4. Reference to and Effect on the Receivables Purchase Agreement.



4.1 Upon the effectiveness of this Amendment, (i) each reference in the Receivables Purchase
Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import shall mean
and be a reference to the Receivables Purchase Agreement, as amended hereby, and (ii) each
reference to the Receivables Purchase Agreement in any other Transaction Document or any other
document, instrument or agreement executed and/or delivered in connection therewith, shall mean and
be a reference to the Receivables Purchase Agreement as amended hereby.



4.2 Except as specifically amended above, the terms and conditions of the Receivables
Purchase Agreement, of all other Transaction Documents and any other documents, instruments and
agreements executed and/or delivered in connection therewith, shall remain in full force and effect
and are hereby ratified and confirmed.



4.3 The execution, delivery and effectiveness of this Amendment shall not operate as a waiver
of any right, power or remedy of the Agent or Jupiter under the Receivables Purchase Agreement or
any other Transaction Document or any other document, instrument or agreement executed in
connection therewith, nor constitute a waiver of any provision contained therein, in each case
except as specifically set forth herein.



SECTION 5. Costs and Expenses. The Seller agrees to pay on demand all reasonable
costs and expenses of the Agent, Jupiter and the Financial Institutions in connection with the
preparation, execution and delivery of this Amendment and the other instruments and documents to be
delivered in connection herewith, including, without limitation, the reasonable fees and
out-of-pocket expenses of counsel for the Agent, Jupiter and the Financial Institutions with
respect thereto and with respect to advising the Agent, Jupiter and the Financial Institutions as
to their respective rights and responsibilities hereunder and thereunder.



SECTION 6. Execution in 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 and delivered shall be deemed to be an original and all of which taken together shall
constitute but one and the same instrument.



SECTION 7. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE INTERNAL LAWS (INCLUDING, BUT NOT LIMITED TO, 735 ILCS SECTION 105/5-1 ET
SEQ., BUT OTHERWISE WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS) OF THE STATE OF ILLINOIS.



SECTION 8. Section Titles. The section titles contained in this Amendment are and
shall be without substance, meaning or content of any kind whatsoever and are not a part of the
agreement between the parties hereto.



[Signature pages follow]




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



INSIGHT RECEIVABLES, LLC



By: Insight Receivables Holding, LLC, its sole member




	 	 	 	By: /s/ James A.
McCoy






Name: James A. McCoy

Title: President



INSIGHT ENTERPRISES, INC.




	 	 	 	By: /s/ Stanley
Laybourne






Name: Stanley Laybourne




Title: CFO



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JUPITER SECURITIZATION CORPORATION




By: JPMorgan Chase Bank, N.A., its attorney-in-fact




	 	 	 	By: /s/ George S.
Wilkins III






Name: George S. Wilkins III

Title: Vice President




	 	 	 	JPMORGAN CHASE BANK, N.A.






(successor by merger to Bank One, NA (Main Office Chicago)),
as a Financial Institution and as Agent




	 	 	 	By: /s/ George S.
Wilkins III






Name: George S. Wilkins III

Title: Vice President




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