Document:

exv10w2

Exhibit 10.2

EXECUTION VERSION

AMENDMENT AND WAIVER NO. 2

               AMENDMENT AND WAIVER NO. 2, dated as of October 27, 2009 (this “Amendment”), to the
Credit Agreement, dated as of June 16, 2006 (as amended prior to the date hereof, the “Credit
Agreement”) among Libbey Glass Inc. and Libbey Europe B.V., each as a Borrower and together,
the Borrowers, Libbey Inc., as a Loan Guarantor, the other Loan Parties party thereto, the Lenders
party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent with respect to the US Loans (the
“Agent”), J.P. Morgan Europe Limited, as Administrative Agent with respect to the
Netherlands Loans, Bank of America, N.A. (f/k/a LaSalle Bank Midwest National Association), as
Syndication Agent, Wells Fargo Foothill, LLC and Fifth Third Bank, as Co-Documentation Agents and
J.P. Morgan Securities Inc., as Sole Bookrunner and Sole Lead Arranger.

W I T N E S S E T H:

               WHEREAS, the Borrowers, the relevant Loan Parties, the Lenders, the Administrative Agent, the
Syndication Agent, the Co-Documentation Agents and the Sole Bookrunner and Sole Lead Arranger are
party to the Credit Agreement;

               WHEREAS, the Borrower and Bank of America Merrill Lynch PCG wish to enter into the exchange
transaction in respect of the Third Lien Senior Notes (the “Exchange”) described in the
Debt Exchange Agreement attached hereto as Annex I (the “Exchange Agreement”);

               WHEREAS, the Agent and the Lenders are willing to agree to amend and waive certain provisions
of the Credit Agreement, as set forth herein, subject to the terms and conditions set forth herein;

               NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, the
Borrowers and the Lenders hereby agree as follows:

               SECTION 1. Defined Terms. Terms defined in the Credit Agreement and used
herein shall have the meanings given to them in the Credit Agreement.

               SECTION 2. Amendments to the Credit Agreement.

               (a) Amendments to Section 1.01 of the Credit Agreement. (i) Section 1.01 of the
Credit Agreement is hereby amended by deleting the definition of “Third Lien Senior Notes” in its
entirety and replacing it with the following:

               ““Third Lien Senior Notes” means the 16 % Senior Subordinated Secured Notes due 2021
issued on October 28, 2009 pursuant to the Third Lien Senior Notes Indenture.”

               (ii) Section 1.01 of the Credit Agreement is hereby amended by deleting the definition of
“Third Lien Senior Notes Indenture” in its entirety and replacing it with the following:

               ““Third Lien Senior Notes Indenture” means the Amended and Restated Indenture dated as
of October 28, 2009 entered into by the US Borrower and certain of the US Loan Guarantors in
connection with the issuance of the Third Lien Senior Notes together, with all instruments and
other agreements entered into by the US Borrower or such US Loan Guarantors in connection
therewith.”

 

 

               (b) Amendment to Section 6.01 of the Credit Agreement. Section 6.01(k) of the Credit
Agreement is hereby amended by striking “$102,000,000” and replacing it with “$80,500,000”.

               (c) Amendment to Section 6.12 of the Credit Agreement. Section 6.12 of the Credit
Agreement is hereby amended by deleting it in its entirety and replacing it with the following:

                    SECTION 6.12. Optional Payments and Modifications of Certain Debt
Instruments. Notwithstanding Sections 6.08(b) and 6.11, no Loan Party will (a)
make any optional or voluntary payment, prepayment, repurchase or redemption of or
otherwise optionally or voluntarily defease or segregate funds with respect to the
Senior Notes or take any action to effect any of the foregoing; provided,
however, that the (i) US Borrower shall be permitted to redeem or prepay the
Senior Notes from the proceeds of a public offering of the US Borrower’s or
Holdings’ common stock to the extent permitted under the “equity clawback” provision
set forth in (x) Section 5 of the Second Lien Senior Notes Indenture or (y) Section
5 of the Third Lien Senior Notes Indenture and (ii) the US Borrower shall be
permitted to redeem or prepay the Senior Notes so long as, (x) both before and after
giving effect to any such redemption or prepayment, the Aggregate Availability
exceeds $50,000,000 and (y) the Revolving Commitments remain undrawn other than with
respect to Letters of Credit; or (b) amend, modify, waive or otherwise change, or
consent or agree to any amendment, modification, waiver or other change to, any of
the terms of the Senior Notes, the Senior Notes Indentures, the Second Lien
Registration Rights Agreement or any other material agreement relating to any
thereof (other than any such amendment, modification, waiver or other change that
(A) (i) would extend the maturity or reduce the amount of any payment of principal
of the Senior Notes or reduce the rate or extend any date for payment of interest
thereon, (ii) would add additional guarantors as contemplated therein as of the
Effective Date, or (iii) would have the sole purpose of making a covenant contained
in the Senior Notes Indentures less restrictive than the corresponding covenant
contained herein and (B) in each such case, does not involve the payment of a
consent fee).

               SECTION 3. Waiver to the Credit Agreement. The Lenders hereby waive the
provisions of the Credit Agreement set forth in Section 6.01, 6.02 and 6.12 that would otherwise
restrict or prohibit the Exchange.

               SECTION 4. Conditions to Effectiveness. This Amendment shall become
effective as of the date first set forth above (the “Amendment Effective Date”) if the
following conditions have been satisfied by the Borrower or waived by the Administrative Agent:
(a) the Administrative Agent (through its counsel) shall have received from the Borrowers and the
Required Lenders counterparts of this Amendment (or a copy thereof by facsimile or electronic
transmission) signed on behalf of each such party, (b) the Administrative Agent shall have
received from the Borrowers an amendment fee in an amount equal to $7,500.00 for the account of
each Lender that has executed and delivered this Amendment on or prior to 12:00 p.m. (Chicago
time) on October 27, 2009, (c) the Administrative Agent shall have received from the Borrowers all
other fees and expenses required to be paid and (d) the Administrative Agent shall have received
the letter agreement executed by Merrill Lynch PCG, Inc., as Third Priority Representative (as
defined in the Intercreditor Agreement), acknowledging that the Third Lien Senior Notes and the
parties to Third Lien Senior Notes Indenture are subject to the terms and conditions of the
Intercreditor Agreement.

               SECTION 5. Representations and Warranties; No Default or Event of Default.
(a) To induce the Lenders to enter into this Amendment, the Borrowers hereby represent and warrant
to the Administrative Agent and the Lenders as of the Amendment Effective Date that the
representations and

 

 

warranties made by each of the Borrowers in and pursuant to the Loan Documents are true and
correct in all material respects on and as of the Amendment Effective Date, after giving effect to
the effectiveness of this Amendment, as if made on and as of the Amendment Effective Date, except
to the extent that such representations and warranties expressly relate to an earlier date, in
which case such representations and warranties shall have been true and correct in all material
respects on and as of such earlier date.

               (b) No Default or Event of Default shall have occurred and be continuing on and as of the
Amendment Effective Date or after giving effect to the effectiveness of this Amendment.

               SECTION 6. No Other Waiver or Amendments. Except as expressly waived,
amended, modified and supplemented hereby, the provisions of the Credit Agreement and the other
Loan Documents are and shall remain in full force and effect.

               SECTION 7. Governing Law; Counterparts. (a) This Amendment and the rights and
obligations of the parties hereto shall be governed by, and construed and interpreted in accordance
with, the laws of the State of New York.

               (b) This Amendment may be executed by one or more of the parties to this Amendment on any
number of separate counterparts, and all of said counterparts taken together shall be deemed to
constitute one and the same instrument. This Amendment may be delivered by facsimile or electronic
transmission of the relevant signature pages thereof.

               SECTION 8. Reimbursement of Expenses. The Borrowers agree to pay or
reimburse the Administrative Agent for all of its reasonable out-of-pocket costs and expenses
(including legal fees) incurred in connection with this Amendment.

[Remainder of Page Intentionally Left Blank]

 

 

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

	 	 	 	 	 
	 	LIBBEY GLASS INC.,

as a Borrower

 	 
	 	By:  	/s/ Susan A. Kovach
 	 
	 	 	Name:  	Susan A. Kovach 	 
	 	 	Title:  	Attorney-in-fact 	 
	 
	 	LIBBEY EUROPE B.V.,

as a Borrower

 	 
	 	By:  	/s/ Susan A. Kovach
 	 
	 	 	Name:  	Susan A. Kovach 	 
	 	 	Title:  	Attorney-in-fact 	 
	 

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.,

as Administrative Agent with respect to the US Loans

and as a Lender

 	 
	 	By:  	/s/ Michael F. McCullough
 	 
	 	 	Name:  	Michael F. McCullough 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

 

	 	 	 	 	 
	 	J.P. MORGAN EUROPE LIMITED,

as Administrative Agent with respect to the
Netherlands Loans and as a Lender

 	 
	 	By:  	/s/ Tim Jacob
 	 
	 	 	Name:  	Tim Jacob 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

 

	 	 	 	 	 
	 	WELLS FARGO FOOTHILL, LLC,

as Co-Documentation Agent and as a Lender

 	 
	 	By:  	/s/ Matt Harbour
 	 
	 	 	Name:  	Matt Harbour 	 
	 	 	Title:  	Vice President 	 
	 

 

 

	 	 	 	 	 
	 	FIFTH THIRD BANK,

as Co-Documentation Agent and as a Lender

 	 
	 	By:  	/s/ James Conklin
 	 
	 	 	Name:  	James Conklin 	 
	 	 	Title:  	Assistant Vice President 	 
	 

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as Syndication Agent and as a Lender

 	 
	 	By:  	/s/ Marina Kheylik
 	 
	 	 	Name:  	Marina Kheylik 	 
	 	 	Title:  	AVP, Client Manager 	 
	 

 

 

	 	 	 	 	 
	 	GE BUSINESS FINANCIAL SERVICES, INC.,

as a Lender

 	 
	 	By:  	/s/ Dwayne Coker
 	 
	 	 	Name:  	Dwayne Coker 	 
	 	 	Title:  	Duly Authorized Signatory 	 
	 

 

 

ANNEX Iexv4w1

Exhibit 4.1

This Instrument Prepared By

and after recording return to:

Jackson Walker L.L.P.

901 Main Street, Suite 6000

Dallas, Texas 75202-3797

Attention: David S. Stolle

SECOND AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT

     THIS SECOND AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”) is executed effective as of August 21, 2009 by and between TYLER TECHNOLOGIES,
INC. a Delaware corporation (“Borrower”) and BANK OF TEXAS, N.A., a national banking
association (“Lender”).

WITNESSETH:

     WHEREAS, Borrower and Lender entered into that certain Second Amended and Restated Credit
Agreement dated October 20, 2008 (as heretofore or hereafter amended, the “Credit
Agreement”), as amended by that certain First Amendment to Second Amended and Restated Credit
Agreement dated January 30, 2009 (the “First Amendment”), pursuant to which Lender agreed
to make the Loan (as therein defined) available to Borrower (each capitalized term used herein, but
not otherwise defined shall have the same meaning given to it in the Credit Agreement);

     WHEREAS, Borrower has requested that Lender modify the Credit Agreement to temporarily
increase the amount of Borrower’s stock that Borrower is permitted to repurchase; and

     WHEREAS, although Lender is under no obligation to do so, Lender is willing to agree to
Borrower’s request on the terms and conditions set forth in this Amendment.

     NOW, THEREFORE, in consideration of the covenants, conditions and agreements hereinafter set
forth, and for other good and valuable consideration, the receipt and adequacy of which are all
hereby acknowledged, Borrower and Lender hereby covenant and agree as follows:

ARTICLE I — AMENDMENTS

Section 1.1. Amendments: Definitions. The following definition set forth in Article I of
the Credit Agreement is hereby amended and restated in its entirety as follows:

     Permitted Distribution” shall mean, with respect to the stock of Borrower, the repurchase
of such stock by Borrower in an aggregate amount not to exceed (i) for the period from the Closing
Date to and through June 30, 2009, $30,000,000 in the immediately preceding twelve (12) month
period, and (ii) for the period from July 1, 2009, through and including September 30, 2009,
$40,000,000 in the immediately preceding twelve (12) month period, and (iii) for the period from
and after October 1, 2009, $30,000,000 in the immediately preceding twelve (12) month period. For
purposes of calculating the aggregate amount allowed hereunder, such amount shall include only the
stock repurchased by Borrower on a going

			
	 	 	 
	SECOND AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (Tyler Technologies)
	 	Page 1

 

 

forward basis, beginning as of the Closing Date, and shall
not include any stock repurchased by Borrower before the Closing Date.

ARTICLE II — MISCELLANEOUS

Section 2.1. Conditions to Closing. As a condition to the closing of the Amendment,
Borrower shall execute and deliver this Amendment, and execute and deliver such other documents as
may be necessary or as may be required, in the opinion of counsel to Lender, to effect the
transactions contemplated hereby and continue the liens and/or security interests of all other
collateral instruments, as modified by this Amendment.

Section 2.2. Continuing Effect. Except as modified and amended hereby, the Credit
Agreement and other Loan Documents are and shall remain unchanged and hereby are ratified and
confirmed and shall be and shall remain in full force and effect, enforceable in accordance with
their terms.

Section 2.3. Payment of Expenses. Borrower agrees to pay to Lender the attorneys’ fees and
expenses of Lender’s counsel and other expenses incurred by Lender in connection with this
Amendment.

Section 2.4. Binding Agreement. This Amendment shall be binding upon, and shall inure to
the benefit of, the parties’ respective representatives, successors and assigns.

Section 2.5. Nonwaiver of Events of Default; No Claims. Neither this Amendment nor any
other document executed in connection herewith constitutes or shall be deemed (a) a waiver of, or
consent by Lender to, any Default or Event of Default which may exist or hereafter occur under any
of the Loan Documents, (b) a waiver by Lender of any of Borrower’s obligations under the Loan
Documents, or (c) a waiver by Lender of any rights, offsets, claims, or other causes of action that
Lender may have against Borrower. Borrower’s execution of this Amendment and any other document
executed in connection herewith shall not be deemed to waive any rights or claims Lender may have
under the Loan Documents, as amended hereby.

Section 2.6. Intentionally Omitted.

Section 2.7. Usury Savings Clause. Notwithstanding anything to the contrary in this
Amendment, the Note or any other Loan Document, or in any other agreement entered into in
connection with the Note or securing the indebtedness evidenced by the Note, whether now existing
or hereafter arising and whether written or oral, it is agreed that the aggregate of all interest
and other charges constituting interest, or adjudicated as constituting interest, and contracted
for, chargeable or receivable under the Note or otherwise in connection with the Note shall under
no circumstances exceed the maximum rate of interest permitted by applicable law. In the event the
maturity of the Note is accelerated by reason of an election by the holder thereof resulting from a
default thereunder or under any other document executed as security therefor or in connection
therewith, or by voluntary prepayment by the maker, or otherwise, then earned interest may never
include more than the maximum rate of interest permitted by applicable law. If from any
circumstance any holder of any of the Note shall ever receive interest or any other charges
constituting interest, or adjudicated as constituting interest, the amount, if any, which would
exceed the maximum rate of interest permitted by applicable law shall be applied to the reduction
of the principal amount owing on such Note or on account of any other principal indebtedness of the
maker to the holders of such Note, and not to the payment of interest, or if such excessive
interest exceeds the unpaid balance of principal thereof and such other indebtedness, the amount of
such excessive interest that exceeds the unpaid balance of principal thereof and such other
indebtedness shall be refunded to the maker. All sums paid or agreed to be paid to the holder of
the Note for the use, forbearance or detention

			
	 	 	 
	SECOND AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (Tyler Technologies)
	 	Page 2

 

 

of the indebtedness of the maker to the holder of such Note shall be amortized, prorated,
allocated and spread throughout the full term of such indebtedness until payment in full for the
purpose of determining the actual rate on such indebtedness is uniform throughout the term thereof.

     The terms “maximum amount” or “maximum rate” as used in this Amendment or the Note, or in any
other agreement entered into in connection with the Note or securing the indebtedness evidenced by
the Note, whether now existing or hereafter arising and whether written or oral, include, as to
Chapter 303 of the Texas Finance Code (and as same may be incorporated by reference in other
statutes of the State of Texas), but otherwise without limitation, that rate based upon the “weekly
ceiling”; provided, however, that this designation shall not preclude the rate of interest
contracted for, charged or received in connection with the Loan from being governed by, or
construed in accordance with, any other state or federal law.

Section 2.8. Counterparts. This Amendment may be executed in several counterparts, all of
which are identical, each of which shall be deemed an original, and all of which counterparts
together shall constitute one and the same instrument, it being understood and agreed that the
signature pages may be detached from one or more of such counterparts and combined with the
signature pages from any other counterpart in order that one or more fully executed originals may
be assembled.

Section 2.9. Choice of Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS, EXCEPT TO THE EXTENT FEDERAL LAWS PREEMPT THE LAWS
OF THE STATE OF TEXAS.

Section 2.10. Entire Agreement. This Amendment, together with the other Loan Documents,
contain the entire agreements between the parties relating to the subject matter hereof and
thereof. This Amendment and the other Loan Documents may be amended, revised, waived, discharged,
released or terminated only by a written instrument or instruments, executed by the party against
which enforcement of the amendment, revision, waiver, discharge, release or termination is
asserted. Any alleged amendment, revision, waiver, discharge, release or termination which is not
so documented shall not be effective as to any party.

     THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE
PARTIES RELATED TO THE SUBJECT MATTER HEREIN CONTAINED AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

			
	 	 	 
	SECOND AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (Tyler Technologies)
	 	Page 3

 

 

     IN WITNESS WHEREOF, this Amendment is executed effective as of the date first written
above.

	 	 	 	 	 
	 	LENDER:

BANK OF TEXAS, N.A.,

a national banking association

 	 
	 	By:  	 	 
	 	 	Alan Morris, Vice President 	 
	 	 	 	 
	 
	 	BORROWER:

TYLER TECHNOLOGIES, INC., a Delaware corporation

 	 
	 	By:  	 	 
	 	 	Brian K. Miller, 	 
	 	 	Executive Vice President and

Chief Financial Officer 	 
	 

			
	 	 	 
	SECOND AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (Tyler Technologies)

	 	Signature Page

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