Document:

6.30.2013 Exhibit 10.2

EXHIBIT 10.2

FIRST AMENDMENT
Dated as of April 30, 2013
to
TRANSFER AND ADMINISTRATION AGREEMENT
Dated as of August 31, 2012

This FIRST AMENDMENT (this “Amendment”) dated as of April 30, 2013 is entered into among ASHLAND INC., a Kentucky corporation (“Ashland”), CVG CAPITAL III LLC, a Delaware limited liability company (“SPV”), the Investors, Letter of Credit Issuers, Managing Agents and Administrators party hereto, and THE BANK OF NOVA SCOTIA, as Agent for the Investors.
RECITALS
WHEREAS, the parties hereto have entered into a certain Transfer and Administration Agreement dated as of August 31, 2012 (as amended, supplemented or otherwise modified from time to time, the “TAA”);
WHEREAS, the parties hereto wish to make certain changes to the TAA as herein provided;
NOW, THEREFORE, in consideration of the premises and the mutual agreements contained herein and in the TAA, the parties hereto agree as follows:
SECTION 1. Definitions.  All capitalized terms not otherwise defined herein are used as defined in the TAA.
SECTION 2. Changes to TAA.  Effective as of the date the conditions specified in Section 3 hereof are satisfied, the TAA is hereby amended as follows:
2.1    The definition of “Eligible Receivable” in Section 1.1 of the TAA is hereby amended by replacing clause (b)(iii) thereof in its entirety as follows:  “(iii) which, according to the Contract related thereto, is required to be paid in full within (x) if such Obligor is one of the Obligors listed on Schedule 1.1, the applicable time period appearing opposite the name of such Obligor on such Schedule or (y) if such Obligor is any other Person, 90 days of the original billing date therefor.”
2.2    The definition of “Loss Horizon Ratio” on Schedule II of the TAA is hereby amended by replacing “four (4.0)” with “five and one half (5.5)” in such definition.
2.3    The Schedules to the TAA are hereby amended to add new Schedule 1.1 as set forth in Exhibit A to this Amendment.
SECTION 3. Conditions Precedent.  Section 2 hereof shall become effective on the date on which the Agent shall have received (i) a counterpart (or counterparts) of this Amendment, executed and delivered by each of the parties hereto, or other evidence satisfactory to the Agent of the execution and delivery of this Amendment by such parties, and (ii) an updated Master Servicer Report, pro forma after giving effect to this Amendment, demonstrating that the sum of the Net Investment (as determined after giving effect to all distributions pursuant to this Agreement on such date and less any portion of the Letter of Credit Liability that has been Cash Collateralized as of such date) and the Required Reserves do not exceed the Net Pool Balance.

SECTION 4. Miscellaneous.
4.1.Representations and Warranties.  The SPV hereby represents and warrants that (i) this Amendment constitutes a legal, valid and binding obligation of the SPV, enforceable against it in accordance with its terms and (ii) upon the effectiveness of this Amendment, no Termination Event or Potential Termination Event shall exist.
4.2.References to TAA.  Upon the effectiveness of this Amendment, each reference in the TAA to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import shall mean and be a reference to the TAA as amended hereby, and each reference to the TAA in any other document, instrument or agreement executed and/or delivered in connection with the TAA shall mean and be a reference to the TAA as amended hereby.
4.3.Effect on TAA.  Except as specifically amended above, the TAA 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.
4.4.Costs and Expenses.  The SPV hereby agrees to the pay the reasonable costs and expenses of the Agent, including legal fees, in connection with this Amendment within thirty (30) days of receipt of a statement therefor.
4.5.No Waiver.  The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any Agent or any Investor under the TAA or any other document, instrument or agreement executed in connection therewith, nor constitute a waiver of any provision contained therein, except as specifically set forth herein.
4.6.Governing Law.  This Amendment, including the rights and duties of the parties hereto, shall be governed by, and construed in accordance with, the internal laws of the State of New York (without reference to the conflicts of law principles thereof other than Section 5-1401 of the New York General Obligations Law).
4.7.Successors and Assigns.  This Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns.
4.8.Headings.  The Section headings in this Amendment are inserted for convenience of reference only and shall not affect the meaning or interpretation of this Amendment or any provision hereof.
4.9.Counterparts.  This Amendment may be executed by the parties hereto in several counterparts, each of which shall be deemed to be an original and all of which shall constitute together but one and the same agreement.

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

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Lynn P. Freeman

	 
	Name:
	Lynn P. Freeman

	 
	Title:
	Treasurer

[SIGNATURES CONTINUE ON THE FOLLOWING PAGE]

S-1

Ashland/CVG III First Amendment

	
			
	 
	ASHLAND INC., individually and as Master Servicer

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Eric N. Boni

	 
	Name:
	Eric N. Boni

	 
	Title:
	Vice President and Treasurer

	
			
	 
	ASHLAND INC., individually and as Originator

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Eric N. Boni

	 
	Name:
	Eric N. Boni

	 
	Title:
	Vice President and Treasurer

[SIGNATURES CONTINUE ON THE FOLLOWING PAGE]

S-2

Ashland/CVG III First Amendment

	
			
	 
	HERCULES INCORPORATED, as Originator

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Eric N. Boni

	 
	Name:
	Eric N. Boni

	 
	Title:
	Vice President - Finance

[SIGNATURES CONTINUE ON THE FOLLOWING PAGE]

S-3

Ashland/CVG III First Amendment

	
			
	 
	AQUALON COMPANY, as Originator

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Lynn P. Freeman

	 
	Name:
	Lynn P. Freeman

	 
	Title:
	Vice President/Assistant Secretary and 

	 
	 
	Treasurer

[SIGNATURES CONTINUE ON THE FOLLOWING PAGE]

S-4

Ashland/CVG III First Amendment

	
			
	 
	ISP TECHNOLOGIES INC., as Originator

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Lynn P. Freeman

	 
	Name:
	Lynn P. Freeman

	 
	Title:
	Treasurer

    

[SIGNATURES CONTINUE ON THE FOLLOWING PAGE]

S-5

Ashland/CVG III First Amendment

	
			
	 
	ISP SYNTHETIC ELASTOMERS LLC, as Originator

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Lynn P. Freeman

	 
	Name:
	Lynn P. Freeman

	 
	Title:
	Treasurer

    

[SIGNATURES CONTINUE ON THE FOLLOWING PAGE]

S-6

Ashland/CVG III First Amendment

	
			
	 
	LIBERTY STREET FUNDING LLC, as a Conduit Investor and Uncommitted Investor

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Jill A. Russo

	 
	Name:
	Jill A. Russo

	 
	Title:
	Vice President

[SIGNATURES CONTINUE ON THE FOLLOWING PAGE]

S-7

Ashland/CVG III First Amendment

	
			
	 
	MARKET STREET FUNDING LLC, as a Conduit Investor and Uncommitted Investor

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Doris J. Hearn

	 
	Name:
	Doris J. Hearn

	 
	Title:
	Vice President

[SIGNATURES CONTINUE ON THE FOLLOWING PAGE]

S-8

Ashland/CVG III First Amendment

	
			
	 
	GOTHAM FUNDING CORPORATION, as a Conduit Investor and Uncommitted Investor

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ David V. DeAngelis

	 
	Name:
	David V. DeAngelis

	 
	Title:
	Vice President

[SIGNATURES CONTINUE ON THE FOLLOWING PAGE]

S-9

Ashland/CVG III First Amendment

	
			
	 
	THE BANK OF NOVA SCOTIA, as Agent, as a Letter of Credit Issuer, as a Managing Agent, Administrator and Committed Investor for the Scotiabank Investor Group

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Darren Ward

	 
	Name:
	Darren Ward

	 
	Title:
	Director

[SIGNATURES CONTINUE ON THE FOLLOWING PAGE]

S-10

Ashland/CVG III First Amendment

	
			
	 
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD, as a Managing Agent and Administrator for the BTMU Investor Group

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Eric Williams

	 
	Name:
	Eric Williams

	 
	Title:
	Director

	
			
	 
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD, as a Letter of Credit Issuer and Committed Investor for the BTMU Investor Group

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Mark Campbell

	 
	Name:
	Mark Campbell

	 
	Title:
	Authorized Signatory

[SIGNATURES CONTINUE ON THE FOLLOWING PAGE]

S-11

Ashland/CVG III First Amendment

	
			
	 
	PNC BANK, NATIONAL ASSOCIATION, as a Letter of Credit Issuer, Managing Agent, Administrator and Committed Investor for the PNC Investor Group

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Mark Falcione

	 
	Name:
	Mark Falcione

	 
	Title:
	Executive Vice President

[SIGNATURES CONTINUE ON THE FOLLOWING PAGE]

S-12

Ashland/CVG III First Amendment

	
			
	 
	SUNTRUST BANK, as a Letter of Credit Issuer, a Committed Investor, the Managing Agent and Administrator for the SunTrust Investor Group

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Jason Meyer

	 
	Name:
	Jason Meyer

	 
	Title:
	First Vice President

S-13

Ashland/CVG III First AmendmentExhibit 10.1

		

			Exhibit 10.1

		

		
			SIXTH AMENDMENT TO
		

		
			CREDIT AGREEMENT
		

		
			 
		

		
			            THIS SIXTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into to be effective as of June 27, 2013 (the “Effective Date”), among GREEN PLAINS CENTRAL CITY LLC, a Delaware limited liability company (“GPCC”), GREEN PLAINS HOLDINGS LLC, a Delaware limited liability company (“Holdings” and together with GPCC the “Borrower”), AGSTAR FINANCIAL SERVICES, PCA (“AgStar”) and the other commercial, banking or financial institutions whose signatures appear on the signature pages to the Credit Agreement (collectively, the “Banks”), and AGSTAR FINANCIAL SERVICES, PCA, and its successors and assigns, as Administrative Agent for itself and the other Banks (“Agent”).  
		

		
			 
		

		
			RECITALS
		

		
			 
		

		
			            A.            Borrower, Agent and the Banks entered into a Credit Agreement dated as of July 2, 2009, a First Amendment to Credit Agreement dated as of December 31, 2010, a Second Amendment to Credit Agreement dated as of June 30, 2011, a Third Amendment to Credit Agreement dated as of June 30, 2011, a Fourth Amendment to Credit Agreement dated as of June 28, 2012, and a Fifth Amendment to Credit Agreement dated as of September 28, 2012 (together, as amended, restated or otherwise modified from time to time, the “Credit Agreement”) under which the Banks agreed to extend certain financial accommodations to Borrower.  
		

		
			 
		

		
			            B.              At the request of Borrower, the Banks have agreed to make certain modifications to the Credit Agreement in accordance with the terms and conditions of this Amendment.
		

		
			 
		

		
			            C.            All terms used and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement.
		

		
			 
		

		
			AGREEMENT
		

		
			 
		

		
			1.        Credit Agreement Amendments.  As of the Effective Date: 
		

		
			 
		

		
			                        a.                    The following defined term as used in the Credit Agreement and other Loan Documents shall be amended, restated and replaced by the following: 
		

		
			 
		

		
			“Revolving Line of Credit Loan Maturity Date”  means August 26, 2013.
		

		
			 
		

		
			b.            Section 2.13 of the Credit Agreement is hereby amended and restated as follows:
		

		
			 
		

		
			Section 2.13.            Prepayment of Loans.  The Borrowers may, at any time and from time to time, prepay the outstanding amount of the Loans in whole or in part with accrued interest to the date of such prepayment on the amount prepaid, without fee or premium, except as provided in Section 2.19.   Any prepayment does not otherwise affect Borrowers’ obligation to pay any fees due under this Agreement or under any other Loan Document. In addition, in the event any Loan is converted to a Fixed Rate Loan, the Borrowers shall pay the prepayment fee applicable to that fixed interest rate, if any.  In the event the Required Banks have agreed in writing to reduce the maximum amount of the Term Revolving Loan or the Revolving Line of Credit Loan available to Borrowers, the Term Revolving Loan Commitment or the Revolving Line of Credit Loan Commitment 
		

		 

		

			1

		

		

			

		

			 

		

		

 

		

			Exhibit 10.1

		

		of each Bank holding such Commitment shall be reduced on a pro rata basis according to each Bank’s respective Pro Rata Share. 
		

		
			 
		

		
			2.        Effect on Credit Agreement.    Except as expressly amended by this Amendment, all of the terms of the Credit Agreement shall be unaffected by this Amendment and shall remain in full force and effect.  Nothing contained in this Amendment shall be deemed to constitute a waiver of any rights of the Banks or to affect, modify, or impair any of the rights of the Banks as provided in the Credit Agreement. 
		

		
			 
		

		
			3.        Conditions Precedent to Effectiveness of this Amendment.  The obligations of the Banks hereunder are subject to the conditions precedent that Agent shall have received the following, in form and substance satisfactory to Agent:
		

		
			 
		

		
			a.        this Amendment duly executed by Borrower and Agent; 
		

		
			 
		

		
			b.        payment in cash of an amendment fee in the amount of $25,000.00; and
		

		
			 
		

		
			c.         all other documents, instruments, or agreements required to be delivered to Agent under the Credit Agreement and not previously delivered to Agent.  
		

		
			 
		

		
			4.       Representations and Warranties of Borrower.  Borrower hereby agrees with, reaffirm, and acknowledge as follows:
		

		
			 
		

		
			a.        The execution, delivery and performance by Borrower of this Amendment is within Borrower’s power, has been duly authorized by all necessary action, and does not contravene:  (i) the certificates of formation or operating agreements of Borrower; or (ii) any law or any contractual restriction binding on or affecting Borrower; and does not result in or require the creation of any lien, security interest or other charge or encumbrance upon or with respect to any of its properties;
		

		
			 
		

		
			b.        This Amendment is, and each other Loan Document to which Borrower is a party when delivered will be, legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the enforcement of creditor’s rights generally and by general principles of equity; and
		

		
			 
		

		
			c.        All other representations, warranties and covenants contained in the Credit Agreement and the other Loan Documents are true and correct and in full force and effect. 
		

		
			 
		

		
			5.        Counterparts.  It is understood and agreed that this Amendment may be executed in counterparts each of which shall, for all purposes, be deemed an original and all of which, taken together, shall constitute one and the same agreement even though all of the parties hereto may not have executed the same counterpart of this Amendment.  Electronic delivery of an executed counterpart of a signature page to this Amendment shall be effective as delivery of an original executed counterpart to this Amendment. 
		

		
			 
		

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

		
			 
		

		
			 
		

		
			[SIGNATURE PAGE TO IMMEDIATELY FOLLOW THIS PAGE]
		

		

		

		 

		

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			Exhibit 10.1

		

		SIGNATURE PAGE TO
		

		
			SIXTH AMENDMENT TO CREDIT AGREEMENT
		

		
			BY AND AMONG
		

		
			GREEN PLAINS CENTRAL CITY LLC (as Borrower),  
		

		
			GREEN PLAINS HOLDINGS LLC (as Borrower),
		

		
			AGSTAR FINANCIAL SERVICES, PCA (AS AGENT), AND 
		

		
			THE BANKS
		

		
			 
		

		
			Dated to be effective as of June 27, 2013
		

		
			 
		

		
			BORROWER:
		

		
			 
		

		
			GREEN PLAINS CENTRAL CITY LLC,
		

		
			a  Delaware limited liability company
		

		
			 
		

		
			 
		

		
			 
		

		
			_/s/ Jerry L. Peters_____________
		

		
			By:  Jerry L. Peters 
		

		
			Its: Chief Financial Officer 
		

		
			 
		

		
			and
		

		
			 
		

		
			GREEN PLAINS HOLDINGS LLC,
		

		
			a  Delaware limited liability company
		

		
			 
		

		
			 
		

		
			 
		

		
			_/s/ Jerry L. Peters_____________
		

		
			By:  Jerry L. Peters 
		

		
			Its: Chief Financial Officer 
		

		
			 
		

		
			 
		

		

		

		 

		

			3

		

		

			

		

			 

		

		

 

		

			Exhibit 10.1

		

		SIGNATURE PAGE TO
		

		
			SIXTH AMENDMENT TO CREDIT AGREEMENT
		

		
			BY AND AMONG
		

		
			GREEN PLAINS CENTRAL CITY LLC (as Borrower),  
		

		
			GREEN PLAINS HOLDINGS LLC (as Borrower),
		

		
			AGSTAR FINANCIAL SERVICES, PCA (AS AGENT), AND 
		

		
			THE BANKS
		

		
			 
		

		
			Dated to be effective as of June 27, 2013
		

		
			 
		

		
			 
		

		
			 
		

		
			AGENT:
		

		
			 
		

		
			AGSTAR FINANCIAL SERVICES, PCA,
		

		
			as Administrative Agent
		

		
			 
		

		
			_/s/ Ron Monson_____________
		

		
			By: Ron Monson
		

		
			Its: Vice President
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		 

		

			4

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