Document:

Amendment No. 17 to Credit Agreement

 Exhibit 10.1 

EXECUTION COPY 

AMENDMENT NO. 17 

Dated as of May 3, 2010 

to 
 CREDIT
AGREEMENT 
 Dated as of August 17, 2007 

THIS AMENDMENT NO. 17 (“Amendment”) is made as of May 3, 2010 by and among YRC Worldwide Inc. (the
“Company”), the Canadian Borrower and the UK Borrower (together with the Company, the “Borrowers”), the financial institutions listed on the signature pages hereof and JPMorgan Chase Bank, National Association, as
Administrative Agent (the “Administrative Agent”), under that certain Credit Agreement dated as of August 17, 2007 by and among the Borrowers from time to time party thereto, the Lenders and the Administrative Agent (as
amended, amended and restated, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them
in the Credit Agreement. 
 WHEREAS, the Company has requested that the Lenders and the Administrative Agent agree to certain
amendments to the Credit Agreement; and 
 WHEREAS, the Lenders party hereto and the Administrative Agent have agreed to such
amendments on the terms and conditions set forth herein; 
 NOW, THEREFORE, in consideration of the premises set forth above,
the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrowers, the Lenders party hereto and the Administrative Agent have agreed to enter into this
Amendment. 
 1. Amendments to Credit Agreement. Effective as of the date of satisfaction or waiver of the conditions
precedent set forth in Section 2 below, the Credit Agreement is hereby amended as follows: 
 (a)
Section 1.01 of the Credit Agreement is hereby amended to insert the following new definitions therein in the appropriate alphabetical order as follows: 

“Amendment No. 17 Effective Date” means May 3, 2010. 

“Equity Issuance” means the issuance of any common stock or other Equity Interests by the Company or any
Subsidiary (other than (i) common stock or other Equity Interests issued to the employees, directors or officers and other members of management of the Company or any Subsidiary in connection with equity incentive plans or (ii) common
stock or other Equity Interests issued to the Company or any Wholly-Owned Subsidiary). 
 “Equity
Proceeds Deposit Account” means that certain deposit account maintained at JPMorgan Chase Bank, N.A. (governed by a control agreement reasonably 

 
satisfactory to the Administrative Agent and the Company) into which all of the Net Cash Proceeds of any Equity Issuance consummated on or after the Amendment No. 17 Effective Date through
and including the Equity Sweep Reversion Date are transferred or otherwise deposited within one (1) Business Day (or such later date as may be consented to by the Administrative Agent) following the consummation of any such Equity Issuance;
provided that, for the avoidance of doubt, (i) the Equity Proceeds Deposit Account shall not at any time contain any funds other than such transferred or otherwise deposited Net Cash Proceeds (and any interest earned thereon),
(ii) no more than an aggregate amount of $100,000,000 of such Net Cash Proceeds shall be transferred or otherwise deposited into the Equity Proceeds Deposit Account following the Amendment No. 17 Effective Date and (iii) immediately
upon the balance of the Equity Proceeds Deposit Amount equaling $100 or less, the Equity Proceeds Deposit Account will be permanently closed and terminated. 

“Equity Proceeds Deposit Amount” means, as of any date of determination, the amount on deposit in the
Equity Proceeds Deposit Account. 
 “Equity Raise Proceeds Amount” means, as of any date of
determination, the aggregate amount of Net Cash Proceeds received by the Company and its Subsidiaries on and after the Amendment No. 17 Effective Date in connection with any Equity Issuance. 

“Equity Sweep Reversion Date” means the date that is the earlier of (i) December 31, 2010 and
(ii) the date on which the Equity Raise Proceeds Amount exceeds $100,000,000. 
 “Excluded Equity
Issuance” means any Equity Issuance consummated on or after the Amendment No. 17 Effective Date through and including the Equity Sweep Reversion Date; provided, that the Net Cash Proceeds of such Equity Issuance are transferred
or otherwise deposited in the Equity Proceeds Deposit Account within one (1) Business Day (or later date as agreed by the Administrative Agent) of receipt. 

(b) The definition of “Consolidated EBITDA” appearing in Section 1.01 of the Credit Agreement is hereby amended to
delete the reference to “$9,000,000” appearing in clause (h) therein and to replace therefor a reference to “$11,000,000”. 

(c) The definition of “Consolidated EBITDA” appearing in Section 1.01 of the Credit Agreement is hereby amended to
delete the reference to “$11,000,000” appearing in clause (i) therein and to replace therefor a reference to “$18,000,000”. 

(d) The definition of “Consolidated EBITDA” appearing in Section 1.01 of the Credit Agreement is hereby amended to
delete the reference to “$11,000,000” appearing in clause (j) therein and to replace therefor a reference to “$23,500,000”. 

(e) The definition of “Consolidated EBITDA” appearing in Section 1.01 of the Credit Agreement is hereby amended to
delete the reference to “$11,000,000” appearing in clause (k) therein and to replace therefor a reference to “$23,500,000”. 

(f) The definition of “Consolidated EBITDA” appearing in Section 1.01 of the Credit Agreement is hereby amended to
delete the reference to “$2,000,000” appearing in clause (l) therein and to replace therefor a reference to “$12,500,000”. 

(g) Subject to the satisfaction or waiver of the additional conditions precedent set forth in Section 3 below, the definition
of “Liquidity Amount” appearing in Section 1.01 of the Credit 
  

 2 

 
Agreement is hereby amended to delete the reference to “minus (g) the 5% CoCo Deposit Account.” appearing therein and to replace therefor a reference to “minus
(g) the 5% CoCo Deposit Amount minus (h) the Equity Proceeds Deposit Amount”. 
 (h) The definition of
“Prepayment Event” appearing in Section 1.01 of the Credit Agreement is hereby amended restate clause (c) thereof in its entirety as follows: 

(c) the issuance of any common stock or other Equity Interests by the Company or any Subsidiary (other than
(i) common stock or other Equity Interests issued to the employees, directors or officers and other members of management of the Company or any Subsidiary in connection with equity incentive plans, (ii) common stock or other Equity
Interests issued to the Company or any Wholly-Owned Subsidiary or (iii) any Excluded Equity Issuance); or 
 (i)
Section 2.12(e) of the Credit Agreement is hereby amended to delete the reference to “2.12(f) (i)” appearing therein and to replace therefor a reference to “2.12(f), (i)”. 

(j) Section 2.12(f) of the Credit Agreement is hereby amended to (i) redesignate clause (x) thereof as
“clause (w)”, (ii) redesignate clause (y) thereof as “clause (x)”, (iii) redesignate clause (z) thereof as “clause (y)” and (iv) to insert the following new clause
(z) immediately following such newly redesignated clause (y): 
 , minus (z) the aggregate
amount transferred or otherwise deposited into the Equity Proceeds Deposit Account from the period beginning on the Amendment No. 17 Effective Date and ending on the Equity Sweep Reversion Date but only to the extent that such amount increased
Excess Cash Flow during such immediately preceding fiscal year 
 (k) Section 2.12(h) of the Credit Agreement is
hereby amended to delete each reference to “(minus the 5% CoCo Deposit Account)” appearing therein and to replace therefor a reference to “(minus the 5% CoCo Deposit Amount and minus the Equity Proceeds Deposit Amount)” in each
case. 
 (l) Section 2.12(k) of the Credit Agreement is hereby amended to delete each reference to “(minus the
5% CoCo Deposit Account)” appearing therein and to replace therefor a reference to “(minus the 5% CoCo Deposit Amount and minus the Equity Proceeds Deposit Amount)” in each case. 

(m) Section 4.02(e) of the Credit Agreement is hereby amended to (i) delete the “and” at the end of clause
(viii) thereof, (v) redesignate clause (ix) thereof as “clause (x)” and (iii) to insert the following new clause (ix) therein immediately following clause (viii) thereof as follows:

 (ix) solely for purposes of any request for a Borrowing, the Equity Proceeds Deposit Amount shall equal $0;
and 
 (n) Section 4.02(h) of the Credit Agreement is hereby amended to (i) redesignate clause
(x) thereof as “clause (w)”, (ii) redesignate clause (y) thereof as “clause (x)”, (iii) replace the “and” immediately preceding clause (z) thereof with a “,”,
(iv) delete the “and” at the end of clause (z) thereof, (v) redesignate clause (z) thereof as “clause (y)” and (vi) to insert the following new clause (z) immediately following such
newly redesignated clause (y): 
 and (z) the Equity Proceeds Deposit Amount shall equal $0 and 

 

 3 

 (o) Section 4.02 of the Credit Agreement is hereby amended to insert the
following new clause (j) therein immediately following clause (i) thereof as follows: 
 (j)
solely for purposes of any request for a Borrowing, the Equity Proceeds Deposit Amount shall equal $0. 
 (p) Article V
of the Credit Agreement is hereby amended to insert a new Section 5.17 thereto immediately following Section 5.16 thereof as follows: 

SECTION 5.17. Use of Proceeds of Certain Equity Issuances. The Company and its Subsidiaries shall use the Net Cash
Proceeds of any Excluded Equity Issuance consummated on or after the Amendment No. 17 Effective Date and on or prior to the Equity Sweep Reversion Date for general corporate purposes of the Company and its Subsidiaries in the ordinary course of
business, including working capital needs and other business expenses, all substantially consistent with the assumptions contained in relevant operating forecasts or projections or other financial information and/or models provided to the Lenders
and in effect at that time. 
 (q) Section 6.07(c) of the Credit Agreement is hereby restated in its entirety as
follows: 
 (c) Minimum Cash. (i) From and after April 1, 2010 through and including
December 31, 2010, the Company will maintain Available Cash equal to or greater than $25,000,000 and (ii) from and after January 1, 2011, the Company will maintain Available Cash equal to or greater than $50,000,000 at all times.

 (r) Section 6.07(d) of the Credit Agreement is hereby amended to restate the first four rows of the table therein
(for the avoidance of doubt, those four rows being the heading row and the rows in respect of the periods ending June 30, 2010, September 30, 2010 and December 31, 2010) in their entirety as follows: 

 

				
	 Period
	  	Minimum Consolidated
EBITDA

	 For the fiscal quarter ending on June 30, 2010
	  	$	5,000,000
	 For the two consecutive fiscal quarters ending September 30, 2010
	  	$	50,000,000
	 For the three consecutive fiscal quarters ending December 31, 2010
	  	$	100,000,000

 (s)
Section 6.16 of the Credit Agreement is hereby amended to delete the reference to “in respect of principal of or interest on” appearing therein and to replace therefor a reference to “in respect of principal of or interest
on or any fee or other voluntary payment in connection with”. 
 (t) Section 6.16 of the Credit Agreement is
hereby further amended to restate the second proviso set forth in clause (d) thereof in its entirety as follows: 

provided, further, no voluntary prepayments of any Indebtedness or any Specified Pension Fund Obligations
(other than any such payment made solely with the Net Cash Proceeds from any Asset Sale of any Specified Properties securing such Specified Pension Fund Obligations (for the avoidance of doubt, the excess of such Net Cash Proceeds over the payment

  

 4 

 
in full of such Specified Pension Fund Obligations shall be applied by the Company in accordance with Section 2.12)) may be made until the day immediately following the Equity Sweep
Reversion Date, nor shall any Net Cash Proceeds of any Excluded Equity Issuance on deposit in the Equity Proceeds Deposit Account be used for any such voluntary prepayment whether prior to or after the Equity Sweep Reversion Date; 

(u) Clause (d) of Article VII of the Credit Agreement is hereby amended to delete the reference to “5.15 or
5.16” appearing therein and to replace therefor a reference to “5.15, 5.16 or 5.17”. 
 2. Conditions of
Effectiveness. The effectiveness of this Amendment (other than Section 1(g) hereof) is subject to the conditions precedent that (a) the Administrative Agent shall have received (i) counterparts of this Amendment duly executed by
the Borrowers, the Required Lenders and the Administrative Agent, (ii) the Consent and Reaffirmation attached hereto duly executed by the Subsidiary Guarantors, (iii) an amendment in respect of the Yellow Receivables Facility in form and
substance similar to this Amendment and reasonably satisfactory to the Administrative Agent (and the Required Lenders hereby consent to such Amendment) and (iv) those documents and instruments as may be reasonably requested by the
Administrative Agent and (b) the Company shall have paid all previously invoiced, reasonable, out-of-pocket expenses of the Administrative Agent (including, to the extent invoiced, reasonable attorneys’ fees and expenses) in connection
with this Amendment and the other Loan Documents, in each case to the extent reimbursable under the terms of the Credit Agreement. 

3. Additional Conditions to Effectiveness. The effectiveness of Section 1(g) of this Amendment is subject to the
conditions precedent that (a) all of the conditions precedent set forth in Section 2 shall have been satisfied or waived and (b) the Administrative Agent shall have received an amendment in respect of the Specified Pension Fund
Deferral Transaction Documents in form and substance reasonably satisfactory to the Administrative Agent. 
 4.
Representations and Warranties of the Borrowers. Each Borrower hereby represents and warrants as follows as of the closing date of this Amendment: 

(a) This Amendment and the Credit Agreement, as amended hereby, constitute legal, valid and binding obligations of such Borrower and are
enforceable against such Borrower in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity,
regardless of whether considered in a proceeding in equity or at law. 
 (b) As of the date hereof after giving effect to the
terms of this Amendment, (i) no Default shall have occurred and be continuing and (ii) the representations and warranties of the Borrowers set forth in the Credit Agreement, as amended hereby, are true and correct in all material respects
on and as of the date hereof, except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct in all material respects on and as
of such earlier date. 
 5. Reference to and Effect on the Credit Agreement. 

(a) Upon the effectiveness hereof, each reference to the Credit Agreement in the Credit Agreement or any other Loan Document shall mean
and be a reference to the Credit Agreement as amended hereby. 
 (b) Except as specifically amended above, the Credit Agreement
and all 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. 

 

 5 

 (c) The execution, delivery and effectiveness of this Amendment shall not operate as a
waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith.

 6. Release. In further consideration of the execution by the Administrative Agent and the Lenders of this Amendment,
to the extent permitted by applicable law, the Company, on behalf of itself and each of its Subsidiaries, and all of the successors and assigns of each of the foregoing (collectively, the “Releasors”), hereby completely,
voluntarily, knowingly, and unconditionally releases and forever discharges the Collateral Agent, the Administrative Agent, each of the Lenders, each of their advisors, professionals and employees, each affiliate of the foregoing and all of their
respective permitted successors and assigns (collectively, the “Releasees”), from any and all claims, actions, suits, and other liabilities, including, without limitation, any so-called “lender liability” claims or
defenses (collectively, “Claims”), whether arising in law or in equity, which any of the Releasors ever had, now has or hereinafter can, shall or may have against any of the Releasees for, upon or by reason of any matter, cause or
thing whatsoever from time to time occurred on or prior to the date hereof, in any way concerning, relating to, or arising from (i) any of the Transactions, (ii) the Secured Obligations, (iii) the Collateral, (iv) the Credit
Agreement or any of the other Loan Documents, (v) the financial condition, business operations, business plans, prospects or creditworthiness of the Borrowers, and (vi) the negotiation, documentation and execution of this Amendment and any
documents relating hereto except for Claims determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Releasee (or any of its Related
Parties). The Releasors hereby acknowledge that they have been advised by legal counsel of the meaning and consequences of this release. 

7. Governing Law. This Amendment shall be construed in accordance with and governed by the law of the State of New York.

 8. 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 purpose. 
 9. Counterparts. This Amendment may be executed by one or
more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Signatures delivered by facsimile or PDF shall have the same force and effect
as manual signatures delivered in person. 
 [Signature Pages Follow] 

 

 6 

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

			
	 YRC WORLDWIDE INC., as the Company

		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	
	
	REIMER EXPRESS LINES LTD./REIMER EXPRESS LTEE, as a Canadian Borrower

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	
	 YRC LOGISTICS LIMITED, as a UK Borrower

		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent, as a US Tranche Lender and as US Tranche Swingline
Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, TORONTO BRANCH, as Canadian Agent, as a Canadian Tranche Lender and as Canadian Tranche Swingline
Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	
	 J.P. MORGAN EUROPE LIMITED, as UK
Agent

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, LONDON BRANCH, as a UK Tranche Lender and as UK Tranche Swingline
Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	 BANK OF AMERICA, N.A., as a

Syndication Agent and as a US Tranche Lender

		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	
	BANK OF AMERICA, N.A. (CANADA BRANCH), as a Canadian Tranche Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	
	BANK OF AMERICA, N.A., as Successor by Merger to LASALLE BANK NATIONAL ASSOCIATION, as a US Tranche
Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	
	SUNTRUST BANK, as a Syndication Agent and as a US Tranche Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	
	US BANK NATIONAL ASSOCIATION, as a Documentation Agent, as a US Tranche Lender and as a Canadian Tranche
Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	WACHOVIA BANK, NATIONAL ASSOCIATION, as a Documentation Agent, as a US Tranche Lender and as a UK Tranche Lender
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	
	BANK OF TOKYO-MITSUBISHI UFJ, LTD, as a Documentation Agent and as a US Tranche
Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	
	THE ROYAL BANK OF SCOTLAND plc, as a US Tranche Lender and as a UK Tranche
Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	
	BMO CAPITAL MARKETS FINANCING, INC., as a US Tranche Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	
	BANK OF MONTREAL, as a Canadian Tranche Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	SUMITOMO MITSUI BANKING CORPORATION, as a US Tranche Lender
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	
	
	UMB BANK, n.a., as a US Tranche Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	
	
	TAIWAN BUSINESS BANK, as a US Tranche Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	
	
	MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD., NEW YORK BRANCH, as a US Tranche
Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	
	
	TAIPEI FUBON COMMERCIAL BANK CO., LTD., as a US Tranche Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	HUA NAN COMMERCIAL BANK, LTD., LOS ANGELES BRANCH, as a US Tranche Lender
		
	 By:
	 	  

			
	 Name:
	 	

			
	 Title:
	 	
	
	HUA NAN COMMERCIAL BANK, LTD., NEW YORK AGENCY, as a US Tranche Lender

			
		
	By:	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	
	BANK OF COMMUNICATIONS CO., LTD., NEW YORK BRANCH, as a US Tranche Lender

			
		
	 By:
	 	  

			
	 Name:
	 	

			
	 Title:
	 	

			
	
	CHANG HWA COMMERCIAL BANK, LTD., NEW YORK BRANCH, as a US Tranche Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	
	FIRST COMMERCIAL BANK, LOS ANGELES BRANCH, as a US Tranche Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

			
	
	[LENDER - INSERT FULL LEGAL NAME IN CAPS AND DELETE BRACKETS], as a US Tranche
Lender

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:Amendment No. 17 to ABS Facility

 Exhibit 10.2 

EXECUTION COPY 

AMENDMENT NO. 17 TO THIRD AMENDED AND RESTATED 

RECEIVABLES PURCHASE AGREEMENT 

THIS AMENDMENT NO. 17 TO THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT (this
“Amendment”) is entered into as of May 3, 2010 by and among: 
 (a) Yellow Roadway Receivables
Funding Corporation, a Delaware corporation (the “Seller” or “YRRFC”), 
 (b)
YRC Worldwide Inc., a Delaware corporation (the “Performance Guarantor”), 
 (c) JPMorgan Chase Bank,
N.A. (“JPMorgan”), SunTrust Bank (“SunTrust”), Wells Fargo Bank, N.A. (successor by merger to Wachovia Bank, National Association) (“Wells Fargo”), and The Royal Bank of
Scotland plc (“RBS”) as successor to ABN AMRO Bank N.V. (each of the foregoing a “Committed Purchaser”), 

(d) Falcon Asset Securitization Company LLC, Three Pillars Funding LLC and Amsterdam Funding Corporation (each of the foregoing, a
“Conduit”), 
 (e) Wells Fargo, as letter of credit issuer (the “LC Issuer”),

 (f) SunTrust Robinson Humphrey, Inc., Wells Fargo, RBS and JPMorgan (each of the foregoing, a
“Co-Agent”), and 
 (g) JPMorgan, as administrative agent for the Groups (together with its successors
and permitted assigns and in such capacity, the “Administrative Agent” and together with the Co-Agents, and their respective successors and permitted assigns, the “Agents”), 

with respect to that certain Third Amended and Restated Receivables Purchase Agreement, dated as of April 18, 2008, among the Seller, the Committed
Purchasers, the Conduits, the LC Issuer and the Agents (as amended, restated, supplemented or otherwise modified from time to time, the “RPA”). 

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree
as follows: 
 1. Defined Terms. Capitalized terms used herein and not otherwise defined herein shall have the meanings
attributed to such terms in the RPA. 

 2. Amendments to RPA. Effective as of the Effective Date (as defined herein), subject
to the satisfaction of the conditions precedent set forth in Section 3 below, clauses (a) and (b) of the definition of “Trigger Event” set forth in Exhibit I to the RPA are hereby amended and
restated in their entirety as follows: 
 (a) the failure of the Performance Guarantor to maintain Available
Cash equal to or greater than (i) from April 1, 2010 to and including December 31, 2010, $25,000,000 at all times and (ii) from January 1, 2011 and thereafter, $50,000,000 at all times, (b) the failure of the
Performance Guarantor to maintain, as of the end of the accounting periods set forth below, Consolidated EBITDA in the minimum level set forth below next to such accounting period (for each such period, “Minimum Consolidated
EBITDA”); 
  

				
	 Period
	  	Minimum Consolidated
EBITDA
	 For the fiscal quarter ending on June 30, 2010
	  	$	5,000,000
	 For the two consecutive fiscal quarters ending September 30, 2010
	  	$	50,000,000
	 For the three consecutive fiscal quarters ending December 31, 2010
	  	$	100,000,000
	 For the four consecutive fiscal quarters ending March 31, 2011
	  	$	270,000,000
	 For the four consecutive fiscal quarters ending June 30, 2011
	  	$	270,000,000
	 For the four consecutive fiscal quarters ending September 30, 2011
	  	$	280,000,000
	 For the four consecutive fiscal quarters ending December 31, 2011
	  	$	270,000,000
	 For the four consecutive fiscal quarters ending March 31, 2012
	  	$	300,000,000
	 For the four consecutive fiscal quarters ending June 30, 2012
	  	$	330,000,000

 3.
Conditions Precedent. This Amendment shall become effective on the date (the “Effective Date”) when each of the following conditions precedent have been satisfied or waived: 

(a) the Administrative Agent shall have received the following, each in form and substance satisfactory to the Administrative Agent:
(i) counterparts of this Amendment, duly executed by the Seller, each Agent and each Purchaser and (ii) a duly executed copy of Amendment No. 17 to Credit Agreement, dated as of May 3, 2010, among the Performance Guarantor, as
borrower, the entities party thereto as Canadian Borrowers, the entities party thereto as UK Borrowers, the financial institutions party thereto and JPMorgan Chase Bank, National Association, as administrative agent; and 

(b) the Seller shall have paid the reasonable legal fees and disbursements of (i) the Administrative Agent’s counsel, Sidley
Austin LLP and (ii) the Wells Fargo Agent’s counsel, Greenberg Traurig, LLP, in each case, invoiced on or prior to the date on which the conditions described in clause (a) above and this clause (b) have been
satisfied. 
  

 2 

 4. References to Wachovia Bank, National Association in the Transaction Documents. In
connection with the merger of Wachovia Bank, National Association into Wells Fargo Bank, N.A., the parties hereto agree that from and after the Effective Date each reference in the Transaction Documents to (a) “Wachovia Bank, National
Association” is hereby replaced with the reference “Wells Fargo Bank, N.A. (successor by merger to Wachovia Bank, National Association)” and (b) “Wachovia” is hereby replaced with the reference
“Wells Fargo.”  
 5. Representations and Warranties. In order to induce the other parties to enter into
this Amendment, (a) the Seller hereby represents and warrants to the Agents, the LC Issuer and the Purchasers that after giving effect to the amendments contained in Section 2 above, (i) no Servicer Default or Potential
Servicer Default exists and is continuing as of the Effective Date, (ii) the RPA, as amended hereby, constitutes the legal, valid and binding obligation of the Seller enforceable against it in accordance with its terms, except as such
enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a
proceeding in equity or at law) and (iii) excluding Section 3.1(k) of the RPA solely insofar as it relates to the absence of a Material Adverse Effect of the type described in clause (i) of the definition of such term
(as to which no representation or warranty is made hereby), each of the Seller’s representations and warranties contained in the RPA is correct as of the Effective Date and (b) the Performance Guarantor hereby consents to the amendment
herein contained and ratifies and confirms that the Performance Undertaking remains in full force and effect. 
 6.
Ratification. Except as modified hereby, the RPA is hereby ratified, approved and confirmed in all respects. 
 7.
Reference to Agreement. From and after the Effective Date, each reference in the RPA to “this Agreement”, “hereof”, or “hereunder” or words of like import, and all references to the RPA in any and all agreements,
instruments, documents, notes, certificates and other writings of every kind and nature shall be deemed to mean the RPA as modified by this Amendment. 

8. Costs and Expenses. The Seller agrees to pay all reasonable costs, fees, and out-of-pocket expenses (including reasonable
attorneys’ fees and disbursements) incurred by the Agents in connection with the preparation, execution and enforcement of this Amendment. 

9. CHOICE OF LAW. THIS AMENDMENT SHALL BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL
OBLIGATIONS LAW) WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES. 
 10. 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 shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery
of an executed counterpart via facsimile or other electronic transmission shall be deemed delivery of an original counterpart. 
  

 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed and delivered by their duly authorized officers as of the date hereof. 
  

			
	YELLOW ROADWAY RECEIVABLES FUNDING CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	YRC WORLDWIDE INC., as Performance Guarantor
		
	By:	 	  

	Name:	 	
	Title:	 	

 Amendment No. 17 to 

Third Amended and Restated Receivables Purchase Agreement 

			
	SUNTRUST ROBINSON HUMPHREY, INC., as Three Pillars Agent
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	SUNTRUST BANK, as a Committed Purchaser
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	THREE PILLARS FUNDING LLC, as a Conduit
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	JPMORGAN CHASE BANK, N.A., as a Committed Purchaser, as Falcon Agent and as Administrative Agent
		
	By:	 	  

	Name:	 	
	Title:	 	

 Amendment No. 17 to 

Third Amended and Restated Receivables Purchase Agreement 

			
	FALCON ASSET SECURITIZATION COMPANY LLC, as a Conduit
	
	BY: JPMORGAN CHASE BANK, N.A., ITS
ATTORNEY-IN-FACT
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	WELLS FARGO BANK, N.A. (successor by merger to Wachovia Bank, National Association), as a Committed Purchaser, as LC Issuer and as Wells Fargo
Agent
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	THE ROYAL BANK OF SCOTLAND PLC, as a Committed Purchaser and as Amsterdam Agent
	
	By: RBS SECURITIES INC., as its agent
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	AMSTERDAM FUNDING CORPORATION, as a Conduit
		
	By:	 	  

	Name:	 	
	Title:	 	

 Amendment No. 17 to 

Third Amended and Restated Receivables Purchase Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00172-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00172-of-00352.parquet"}]]