9th Amendment to 2nd Amended Receivables Purchase Agreement, 12/10/2004




 Exhibit 10.13.XIV 
  
 NINTH AMENDMENT TO SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENTS 
  
 NINTH AMENDMENT TO SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE
AGREEMENTS dated as of June 30, 2004 (this “Amendment”) among G-P Receivables, Inc., as the seller (the “Seller”), Georgia-Pacific Corporation, as collection agent (the “Collection Agent”), Blue
Ridge Asset Funding Corporation (“Blue Ridge”), CRC Funding, LLC, as successor to Corporate Receivables Corporation (“CRC”), CAFCO, LLC, as successor to Corporate Asset Funding Company, Inc.
(“CAFCO”), Gotham Funding Corporation (“Gotham”), SPARC, LLC, as successor to Special Purpose Accounts Receivable Cooperative Corporation (“SPARC” and, together with Blue Ridge, CRC, CAFCO and
Gotham, the “Purchasers”), Canadian Imperial Bank of Commerce (“CIBC”), Citibank, N.A. (“Citibank”), The Bank of Tokyo-Mitsubishi, Ltd., New York Branch (“BTM”), Wachovia Bank,
National Association (“Wachovia” and, together with CIBC, Citibank and BTM, the “Secondary Purchasers”) and Citicorp North America, Inc., as administrative agent (the “Administrative Agent”).

  
 WITNESSETH 
  
 WHEREAS, the Seller, the Collection Agent, the Purchasers and the
Administrative Agent entered into that certain Second Amended and Restated Receivables Purchase Agreement dated as of December 19, 2001, as amended (the “Primary Purchase Agreement”); 
  
 WHEREAS, the Seller, the Collection Agent, the Secondary Purchasers and the
Administrative Agent entered into that certain Second Amended and Restated Receivables Purchase Agreement dated as of December 19, 2001, as amended (the “Secondary Purchase Agreement” and, together with the Primary Purchase
Agreement, the “Agreements”); and 
  
 WHEREAS,
the parties hereto desire to (i) effect a reallocation of the Pro Rata Shares, and waive certain provisions of Section 2.01(d) of the Primary Purchase Agreement in connection with such reallocation, (ii) terminate SPARC’s rights and obligations
under the Primary Purchase Agreement, (iii) terminate CIBC’s rights and obligations under the Secondary Purchase Agreement and (iv) amend the Agreements in the manner and on the terms and conditions set forth herein. 
  
 NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants
herein contained, the parties hereto agree as follows: 
  
 SECTION 1. DEFINED
TERMS 
  
 Unless otherwise defined herein, the capitalized
terms used herein shall have the meanings assigned to such terms in the Agreements. 








 SECTION 2. REALLOCATION OF PRO RATA SHARES UNDER PRIMARY PURCHASE AGREEMENT 
  
 (a) Notwithstanding the provisions of the first sentence of Section 2.01(d)
of the Primary Purchase Agreement, the Pro Rata Shares of the Purchasers under the Primary Purchase Agreement shall be reallocated effective as of the Reallocation Effective Date (as defined in Section 7(b) hereof) as set forth in Section 5(b)(ii)
hereof. Each of the Purchasers and the Secondary Purchasers expressly consents to such reallocation and waives compliance with the notice requirement set forth in the first sentence of Section 2.01(d) of the Primary Purchase Agreement. The parties
further agree that any noncompliance with the provisions of the Agreements by virtue of the reallocation set forth above shall be deemed not to constitute a breach or default by the Seller under the Agreements, and that such reallocation shall be
deemed to be permissible and effective in all respects and for all purposes under the Agreements. 
  
 (b) After giving effect to such reallocation, SPARC’s Aggregate Capital will exceed its Pro Rata Share of the Purchase Limit; therefore, as required
by, and pursuant to, Section 2.01(d) of the Primary Purchase Agreement, on the Reallocation Effective Date, SPARC will transfer to each of the other Purchasers a Receivable Interest in the amount set forth below opposite such Purchaser’s name
for a purchase price equal to such amount: 
  

						
	 Purchaser

	 	 	  	Receivable Interest


	 Blue Ridge
	 	 	  	$	43,534,536.84
	 CAFCO
	 	 	  	$	31,344,769.00
	 CRC
	 	 	  	$	20,896,919.00
	 Gotham
	 	 	  	$	26,121,453.50
	 	 	 	  	
	

	 Total
	 	 	  	$	121,897,678.34

  
 (c) SPARC represents
and warrants that it is the owner of the Receivable Interest being transferred by it, free and clear of any adverse claim created by SPARC. 
  
 (d) SPARC hereby agrees that it shall, at the request of any Purchaser, execute and deliver to the Administrative Agent such instruments and documents,
and take all further actions, that may be necessary, or that such Purchaser may reasonably request, to perfect, protect or more fully evidence the Receivable Interest being transferred by SPARC to such Purchaser. 
  
 SECTION 3. REDUCTION OF SPARC’S PURCHASE LIMIT 
  
 (a) After giving effect to the receipt by SPARC of the aggregate purchase
price for its Receivables Interest as set forth in Section 2(b) above, SPARC’s Purchase Limit will exceed its Aggregate Capital. The Seller hereby terminates in whole SPARC’s Purchase Limit, effective upon receipt by SPARC of such
aggregate purchase price. 
  
 (b) Each Purchaser expressly
consents to the termination of SPARC’s Purchase Limit set forth above and waives compliance with the notice requirement set forth in the first sentence of Section 2.01(b) of the Primary Purchase Agreement. The parties further agree that any
noncompliance with the provisions of the Primary Purchase Agreement by virtue of the termination set forth above shall be deemed not to constitute a breach or default by the Seller under the Agreements, and that such termination shall be deemed to
be permissible and effective in all respects and for all purposes under the Agreements. 
  

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 (c) From and after the effectiveness of the termination of SPARC’s Purchase Limit set forth above,
SPARC shall be released from all of its obligations under the Primary Purchase Agreement and shall relinquish all of its rights thereunder (other than such rights that expressly survive the termination of SPARC’s Purchase Limit and the right to
receive Yield and its Pro Rata Share (before giving effect to this Amendment) of fees payable pursuant to the Fee Letter, if any, accrued through, but unpaid as of, the Reallocation Effective Date). 
  
 SECTION 4. REDUCTION OF CIBC’S COMMITMENT 
  
 (a) The Seller hereby terminates in whole CIBC’s Commitment, effective
upon receipt by SPARC of the aggregate purchase price for its Receivables Interest as set forth in Section 2(b) above. 
  
 (b) Each Secondary Purchaser expressly consents to the termination of CIBC’s Commitment set forth above and waives compliance with the notice
requirement set forth in the first sentence of Section 2.01(b) of the Secondary Purchase Agreement. The parties further agree that any noncompliance with the provisions of the Secondary Purchase Agreement by virtue of the termination set forth above
shall be deemed not to constitute a breach or default by the Seller under the Agreements, and that such termination shall be deemed to be permissible and effective in all respects and for all purposes under the Agreements. 
  
 (c) From and after the effectiveness of the termination of CIBC’s
Commitment set forth above, CIBC shall be released from all of its obligations under the Secondary Purchase Agreement and shall relinquish all of its rights thereunder (other than such rights that expressly survive the termination of CIBC’s
Commitment and the right to receive its Pro Rata Share (before giving effect to this Amendment) of fees payable pursuant to the Fee Letter, if any, accrued through, but unpaid as of, the Reallocation Effective Date). 
  
 SECTION 5. AMENDMENTS TO PRIMARY PURCHASE AGREEMENT 
  
 (a) The following amendments to the Primary Purchase Agreement shall be
effective on the Amendment Effective Date (as defined in Section 7(a) hereof): 
  
 (i) Section 1.01 of the Primary Purchase Agreement is hereby amended by deleting the definition “Average Maturity” in its
entirety. 
  
 (ii) The definition
“Liquidation Yield Reserve” in Section 1.01 of the Primary Purchase Agreement is hereby amended by deleting the words “Average Maturity” and inserting in replacement thereof the words “Portfolio Turnover Rate (Days)”.

  

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 (iii) Section 1.01 of the Primary Purchase Agreement is hereby amended by adding, in its
proper alphabetical sequence, the definition “Portfolio Turnover Rate (Days)” as follows: 
  
 “Portfolio Turnover Rate (Days)” means, as of any date of determination, the result of (i) the Outstanding Balance of all
Pool Receivables as of the last day of the Settlement Period most recently ended, divided by (ii) the aggregate amount of Pool Receivables generated during the prior Settlement Period, times (iii) the actual number of days in the Settlement Period
most recently ended. 
  
 (iv) Section 6.06 of the
Primary Purchase Agreement is hereby amended to read in its entirety as follows: 
  
 Section 6.06 Collection Agent Fee. The Collection Agent shall be paid a collection fee (the “Collection Agent Fee”) of 1%
per annum on the average daily amount of the Outstanding Balance of all Pool Receivables payable monthly in arrears on each Settlement Date. The Collection Agent Fee shall be payable only from Collections pursuant to, and subject to the priority of
payment set forth in, Section 2.04. 
  
 (v)
Section 7.01(j) of the Primary Purchase Agreement is hereby amended to read in its entirety as follows: 
  
 (j) As of any Settlement Date, the Default Ratio shall exceed 7.0%, or the Delinquency Ratio shall exceed 10.0%, or the
Loss-to-Liquidation Ratio shall exceed .50%, or the average of the Dilution Ratios for the immediately preceding three calendar months shall exceed 10.0%, or the Portfolio Turnover Rate (Days) for the related Settlement Period shall exceed 45 days;
or 
  
 (b) The following amendments to the Primary Purchase
Agreement shall be effective on the Reallocation Effective Date: 
  
 (i) The introductory paragraph of the Primary Purchase Agreement shall be amended to read in its entirety as follows: 
  
 SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT dated as of December 19, 2001 among G-P RECEIVABLES, INC., a Delaware
corporation (the “Seller”), GEORGIA-PACIFIC CORPORATION, a Georgia corporation (“Georgia-Pacific”), BLUE RIDGE ASSET FUNDING CORPORATION (“Blue Ridge”), CAFCO, LLC (“CAFCO”), CRC,
LLC (“CRC”), GOTHAM FUNDING CORPORATION (“Gotham”) (each of Blue Ridge, CAFCO, CRC and Gotham and their respective successors and permitted assigns, individually, a “Purchaser” and, collectively,
the “Purchasers”), and CITICORP NORTH AMERICA, INC. (“Citicorp”), as agent (the “Administrative 
  

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 Agent”) for the Purchasers. Unless defined elsewhere herein, capitalized terms used in this
Agreement shall have the meanings assigned to such terms in Article I hereof. 
  
 (ii) The definition “Pro Rata Share” in Section 1.01 of the Primary Purchase Agreement shall be amended to read in its entirety as follows: 
  
 “Pro Rata Share” means, for each Purchaser, the percentage set forth below opposite such
Purchaser’s name, or such other percentage for such Purchaser as shall result from any reallocation in accordance with Section 2.01(d): 
  

				
	 Blue Ridge
	  	35.714	%
	 CAFCO
	  	25.714	%
	 CRC
	  	17.143	%
	 Gotham
	  	21.429	%

  
 (iii)
The definition “Purchase Limit” in Section 1.01 of the Primary Purchase Agreement shall be amended by deleting the number “$900,000,000” from the first sentence thereof and inserting in replacement thereof the number
“$700,000,000”. 
  
 (iv) The definition
“Reference Banks” in Section 1.01 of the Primary Purchase Agreement shall be amended by deleting the words “Canadian Imperial Bank of Commerce,”. 
  
 (v) The definition “Related Secondary Purchaser” in Section 1.01 of the Primary Purchase Agreement
shall be amended to read in its entirety as follows: 
  
 “Related Secondary Purchaser” means, with respect to each Purchaser set forth below, the Person set forth opposite its name, or, in the case of any Additional Secondary Purchaser under the Secondary Purchase Agreement, the
Person specified as such Additional Secondary Purchaser’s Related Purchaser. 
  

			
	 Blue Ridge
	    	Wachovia Bank National, Association
	 CAFCO
	    	Citibank, N.A.
	 CRC
	    	Citibank, N.A.
	 Gotham
	    	 The Bank of Tokyo-Mitsubishi, Ltd.,
     New York Branch


  
 (vi)
The definition of “Secondary Purchasers” in Section 1.01 of the Primary Purchase Agreement shall be amended by deleting the words “Canadian Imperial Bank of Commerce,”. 
  

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 (vii) Section 5.01(s) of the Primary Purchase Agreement shall be amended to read in its
entirety as follows: 
  
 (s) Loans. The
Seller shall not make or suffer to exist any loans or advances to, or extend any credit to, or make any investments (by way of transfer of property, contributions to capital, purchase of stock or securities or evidences of Debt, acquisition of the
business or assets, or otherwise) in, any Person. 
  
 (viii) The third sentence of Section 6.02(b) of the Primary Purchase Agreement shall be amended by deleting the words “Canadian Imperial Bank of Commerce,”. 
  
 SECTION 6. AMENDMENTS TO SECONDARY PURCHASE AGREEMENT 
  
 (a) The following amendments to the Secondary Purchase Agreement shall be effective on the Amendment Effective Date:

  
 (i) Section 6.06 of the Secondary Purchase
Agreement is hereby amended to read in its entirety as follows: 
  
 Section 6.06 Collection Agent Fee. The Collection Agent shall be paid a collection fee (the “Collection Agent Fee”) of 1% per annum on the average daily amount of the Outstanding Balance of all Pool
Receivables payable monthly in arrears on each Settlement Date. The Collection Agent Fee shall be payable only from Collections pursuant to, and subject to the priority of payment set forth in, Section 2.04. 
  
 (b) The following amendments to the Secondary Purchase Agreement shall be
effective on the Reallocation Effective Date: 
  
 (i) The introductory paragraph of the Secondary Purchase Agreement shall be amended to read in its entirety as follows: 
  
 SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT dated as of December 19, 2001 among G-P Receivables, Inc., a Delaware
corporation (the “Seller”), GEORGIA-PACIFIC CORPORATION, a Georgia corporation (the “Collection Agent”), CITIBANK, N.A. (“Citibank”), THE BANK OF TOKYO-MITSUBISHI, LTD., NEW YORK BRANCH
(“BTM”), WACHOVIA BANK, NATIONAL ASSOCIATION (“Wachovia”) (each of Citibank, BTM and Wachovia, individually, a “Secondary Purchaser” and, collectively, the “Secondary Purchasers”)
and CITICORP NORTH AMERICA, INC. (“Citicorp”), as agent (the “Administrative Agent”) for the Secondary Purchasers. Unless defined elsewhere herein, capitalized terms used in this Agreement shall have the meanings
assigned to such terms in Article I hereof. 
  

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 (ii) The definition of “Commitment” in Section 1.01 of the Secondary Purchase
Agreement shall be amended by deleting the number “$900,000,000” from the first sentence thereof and inserting in replacement thereof the number “$700,000,000”. 
  
 (iii) The definition of “Reference Banks” in Section 1.01 of the Secondary Purchase Agreement
shall be amended by deleting the word “CIBC,”. 
  
 (iv) The definition of “Related Purchaser” in Section 1.01 of the Secondary Purchase Agreement shall be amended in its entirety to read as follows: 
  
 “Related Purchaser” means, with respect to
each Purchaser set forth below, the Person set forth opposite its name, or, in the case of any Additional Purchaser under the Primary Purchase Agreement, the Person specified as such Additional Purchaser’s Related Purchaser. 
  

			
	 Blue Ridge
	    	Wachovia Bank, National Association
	 CAFCO
	    	Citibank, N.A.
	 CRC
	    	Citibank, N.A.
	 Gotham
	    	 The Bank of Tokyo-Mitsubishi, Ltd.,
     New York Branch


  
 (v)
Section 6.02(b) of the Secondary Purchase Agreement shall be amended by deleting the word “CIBC,” in the third sentence thereof. 
  
 SECTION 7. EFFECTIVE DATE. 
  
 (a) The amendments to the Agreements set forth in Sections 5(a) and 6(a) hereof shall be effective on the first date (such date, the “Amendment
Effective Date”) on which the Administrative Agent shall have received the following: 
  
 (i) this Amendment, executed by each of the parties; 
  
 (ii) an amended to each Transfer Agreement executed by the Seller and each Originator, in form and substance
reasonably satisfactory to the Purchasers, the Secondary Purchasers and the Administrative Agent; 
  
 (iii) favorable opinions of counsel for the Seller, each Originator and the Collection Agent as to such matters as the Purchasers, the
Secondary Purchasers or the Administrative Agent may reasonably request and 
  
 (iv) such other certificates, documents or opinions as any Purchaser, any Secondary Purchaser or the Administrative Agent may reasonably request. 
  
 (b) The amendments to the Agreements set forth in Sections 5(b) and 6(b) hereof shall each be effective on the first date
(such date, the “Reallocation Effective Date”) on which the Administrative Agent shall have received this Amendment, executed by each of the parties, and SPARC shall have received the aggregate purchase price for its Receivable
Interest as set forth in Section 2(b) above. 
  

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 SECTION 8. EXPENSES 
  
 The Seller and the Collection Agent jointly and severally agree to pay on demand all reasonable costs and expenses actually incurred in connection with
the preparation, execution, delivery and administration of this Amendment, including, without limitation, the reasonable fees and disbursements of outside counsel to the Purchasers, the Secondary Purchasers and the Administrative Agent. 

 
 SECTION 9. EXECUTION IN COUNTERPARTS 
  
 This Amendment may be executed in any number of counterparts and by
different parties hereto on separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original, and all of which counterparts, when taken together, shall constitute but one and the same agreement.

  
 SECTION 10. GOVERNING LAW 
  
 THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK. 
  
 SECTION 11. SEVERABILITY OF PROVISIONS

  
 Any provision of this Amendment which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability of such provision
in any other jurisdiction. 
  
 SECTION 12. CAPTIONS 
  
 The captions in this Amendment are for convenience of reference only and
shall not define or limit any of the terms or provisions hereof. 
  
 SECTION
13. AGREEMENTS TO REMAIN IN FULL FORCE AND EFFECT 
  
 This
Amendment shall be deemed to be an amendment to the Agreements. All references to the Agreements in any other agreement or document shall on and after the effective date of this Amendment be deemed to refer to the Agreements as amended hereby.

  

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 SECTION 14. NO PROCEEDINGS 
  
 Each of the parties hereto hereby agrees that it will not institute against, or join any other Person in instituting
against, any Purchaser any bankruptcy, reorganization, insolvency or similar proceeding until the date which is one year and one day since the last day on which any commercial paper notes issued by such Purchaser shall have matured. 
  
 [Signature Pages Follow] 
  

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

			
	 G-P RECEIVABLES, INC.

		
	 By:
	 	 /s/ PHILLIP M. JOHNSON


	 Name:
	 	 Phillip M. Johnson

	 Title:
	 	 Vice President and Treasurer

	
	 GEORGIA-PACIFIC CORPORATION

		
	 By:
	 	 /s/ PHILLIP M. JOHNSON


	 Name:
	 	 Phillip M. Johnson

	 Title:
	 	 Vice President and Treasurer



  


					
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	 BLUE RIDGE ASSET FUNDING CORPORATION

		
	 By:
	 	 WACHOVIA CAPITAL MARKETS, LLC, as
     Attorney-In-Fact

		
	 By:
	 	 /s/ DOUGLAS R. WILSON, SR.


	 Name:
	 	 Douglas R. Wilson, Sr.

	 Title:
	 	 Vice President

	
	 WACHOVIA BANK, NATIONAL ASSOCIATION

		
	 By:
	 	 /s/ EERO MAKI


	 Name:
	 	 Eero Maki

	 Title:
	 	 VP



  


					
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	 CRC FUNDING LLC

		
	 By:
	 	 CITICORP NORTH AMERICA, INC., as
     Attorney-In-Fact

		
	 By:
	 	 /s/ PATRICIA SCHAUPP


	 Name:
	 	 Patricia Schaupp

	 Title:
	 	 Vice President

	
	 CAFCO, LLC.

		
	 By:
	 	 CITICORP NORTH AMERICA, INC., as
     Attorney-In-Fact

		
	 By:
	 	 /s/ PATRICIA SCHAUPP


	 Name:
	 	 Patricia Schaupp

	 Title:
	 	 Vice President

	
	 CITIBANK, N.A.

		
	 By:
	 	 /s/ PATRICIA SCHAUPP


	 Name:
	 	 Patricia Schaupp

	 Title:
	 	 Vice President

	
	 CITICORP NORTH AMERICA, INC., as
     Administrative Agent

		
	 By:
	 	 /s/ PATRICIA SCHAUPP


	 Name:
	 	 Patricia Schaupp

	 Title:
	 	 Vice President



  


					
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	 SPARC, LLC

		
	 By:
	 	 /s/ JAMES W. LEES


	 Name:
	 	 James W. Lees

	 Title:
	 	 Vice President

	
	 CANADIAN IMPERIAL BANK OF COMMERCE

		
	 By:
	 	 /s/ JAMES W. LEES


	 Name:
	 	 James W. Lees

	 Title:
	 	 Authorized Signatory

		
	 By:
	 	 /s/ ROBERT D. CASMO


	 Name:
	 	 Robert D. Casmo

	 Title:
	 	 Authorized Signatory



  


					
	 	 	S-4	 	 











			
	 GOTHAM FUNDING CORPORATION

		
	 By:
	 	 /s/ R. DOUGLAS DONALDSON


	 Name:
	 	 R. Douglas Donaldson

	 Title:
	 	 Treasurer

	
	 THE BANK OF TOKYO-MITSUBISHI, LTD.,
     NEW YORK BRANCH

		
	 By:
	 	 /s/ KAREN OSSOLINSKI


	 Name:
	 	 Karen Ossolinski

	 Title:
	 	 Authorized Signatory



  


					
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