Document:

Amendement Number 5 to the Series 1999-1 Supplement

 
Exhibit
10(nn) 
 
AMENDMENT NUMBER 5 TO THE SERIES
1999-1 SUPPLEMENT 
 
Amendment Number 5, dated
as of October 31, 2002 (this “Amendment”) to the Series 1999-1 Supplement, dated as of May 7, 1999, as amended and restated as of August 20, 1999 (as further amended, the “Supplement”), by and among CSI Funding, Inc.
(“CSI”), CompuCom Systems, Inc. (“CompuCom”), PNC Bank, National Association, Market Street Funding Corporation and Wells Fargo Bank Minnesota, National Association (f/k/a Norwest Bank Minnesota, National Association) (the
“Trustee”). 
 
WHEREAS, the Supplement
supplements the Pooling and Servicing Agreement, dated as of May 7, 1999, as amended and restated as of August 20, 1999 (as amended, the “Agreement”), by and among CSI, CompuCom and the Trustee; and 
 
WHEREAS, all of the parties to the Supplement desire to make
the amendments to the Supplement set forth below; 
 
In consideration of the mutual agreements herein contained, each party agrees as follows for the benefit of the other parties and for the benefit of the Series 1999-1 Certificateholders and the other parties to the Supplement:

 
ARTICLE I 
 
Definitions 
 
SECTION 1.01. Cross Reference to Definitions in
Agreement. Capitalized terms used in this Amendment and not defined herein or amended by the terms of this Amendment shall have the meaning assigned to such terms in the Supplement or the Agreement, as applicable. 
 
ARTICLE II 
 
Amendments to the Supplement 
 
SECTION 2.01. The definition of “Scheduled Maturity
Date” which is set forth in Section 9.1 of the Supplement is hereby replaced in its entirety with the following definition: 
 
“Scheduled Maturity Date”, with respect to the Series 1999-1 Investor Certificates, means the Payment Date in October
2005, as such date may be extended pursuant to a written agreement executed by all of the Series 1999-1 Certificateholders, a copy of which shall be provided by the Agent to the Trustee. 
 
SECTION 2.02. The definition of “Series Termination Date” which is set forth in Section 9.1 of the
Supplement is hereby replaced in its entirety with the following definition: 
 
“Series Termination Date”, with respect to the Series 1999-1, means the Payment Date in March 2006, as such date may be extended pursuant to a written agreement executed by all of the
Series 1999-1 Certificateholders, a copy of which shall be provided by the Agent to the Trustee. 

 
SECTION 2.03.
The definition of “Dilution Reserve Percentage” which is set forth in Section 9.1 of the Supplement is hereby modified to replace: 
 
SF = the Stress Factor, which shall be 2.25; 
 
with: 
 
SF = the Stress Factor, which shall be 2.0; 
 
SECTION 2.04. The definition of “Dynamic Loss Reserve Percentage” which is set forth in Section 9.1 of the Supplement is hereby
modified to replace: 
 
SF = the Stress Factor,
which shall be 2.25; 
 
with: 
 
SF = the Stress Factor, which shall be 2.0; 
 
SECTION 2.05. The definition of “Overconcentration
Obligor Basis” which is set forth in Section 9.1 of the Supplement is hereby replaced in its entirety with the following definition: 
 
“Overconcentration Obligor Basis” for an Obligor means the percentage of the Aggregate Eligible Unpaid Balance at such
date set forth below for the applicable category of that Obligor (expressed as a dollar amount): 
 
Minimum Long-Term or Short-Term 
Unsecured Debt Rating 
 

	 S&P

	 	 Moody’s

	 	 Percentage*

	 A-1 or A+
	 	 P-1 or A1
	 	 18.2 %

	 A-2 or BBB+
	 	 P-2 or Baal
	 	 11.2 %

	 A-3 or BBB-
	 	 P-3 or Baa3
	 	 5.6 %

	 Less than A-3 or BBB-/Unrated
	 	 Less than P-3 or Baa3/Unrated
	 	 2.8 %

 
provided, however, that all Obligors that are affiliates of each other having identical long-term and short-term debt ratings (or whose long-term or short-term senior unsecured debt are unrated) shall be deemed to be a
single Obligor, provided further, however, that the following Obligors shall have a percentage of 4% (such percentage to be reduced, if necessary, to prevent the largest four Obligors under the fourth category above from
exceeding 11.2%): 
 
Deloitte &
Touche LLP; and 
Fidelity Investments. 
 
*The percentage applicable to any Obligor (or Obligor group, if applicable) will be the percentage associated
with the lower of such Obligor’s (or Obligor group’s) short-term or 

long-term senior unsecured debt ratings (with “unrated” being lowest) issued by
S&P or Moody’s. The ratings specified in the table are minimums for each percentage category, so that a rating of an Obligor not shown in the table falls in the category associated with the highest rating shown in the table that is lower
than such rating. 
 
SECTION 2.06. The definition
of “Series 1999-1 Required Reserved Percentage” which is set forth in Section 9.1 of the Supplement is hereby replaced in its entirety with the following definition: 
 
“Series 1999-1 Required Reserved Percentage” as of any day means the sum of (i) the Dilution
Reserve Percentage, (ii) the greater of (A) 11.3% and (B) the Dynamic Loss Reserve Percentage and (iii) the Yield Reserve Percentage, in each case as most recently calculated. 
 
SECTION 2.07. Section 2.04 in modified to add the following paragraph (e): 
 
(e) The Transferor hereby makes the representations
warranties, and covenants set forth in Exhibit 2.04. 
 
SECTION 2.08. Exhibit 2.04 hereto is added and made part of the Agreement. 
 
ARTICLE III 
 
Miscellaneous 
 
SECTION
3.01. Counterparts. This Amendment may be executed in two or more counterparts (and by different parties on separate counterparts), each of which shall be an original, but all of which together shall constitute one and the same instrument.

 
SECTION 3.02. Headings. The headings
herein are for purposes of reference only and shall not otherwise affect the meaning or interpretation of any provision hereof. 
 
SECTION 3.03. Supplement in Full Force and Effect as Amended. Except as specifically amended or waived hereby, all of the terms and
conditions of the Supplement shall remain in full force and effect. All references to the Supplement in any other document or instrument shall be deemed to mean such Supplement as amended by this Amendment. This Amendment shall not constitute a
novation of the Supplement but shall constitute an amendment thereof. The parties hereto agree to be bound by the terms and obligations of the Supplement, as amended by this Amendment, as though the terms and obligations of the Supplement were set
forth herein. 
 
SECTION 3.04. It shall be a
condition to the effectiveness of this Amendment that CSI and CompuCom shall have executed and delivered the Second Amended Fee Letter dated October 31, 2002 among PNC Bank, National Association, as Agent (the “Agent”), CSI and CompuCom
and that the Agent shall have received the arrangement fee thereunder. 
 
SECTION 3.05. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICTS OF LAW PROVISIONS. 

 
EXHIBIT 2.04

SUPPLEMENTAL PERFECTION REPRESENTATIONS, 
WARRANTIES AND COVENANTS 
 
In addition to the representations, warranties and covenants contained in the Agreement hereof, the Transferor hereby makes the following
additional representations, warranties and covenants: 
 
1. Receivables: Lock-box Accounts. 
 
(a) The Receivables constitute “accounts”, “general intangibles” or “tangible chattel paper”, each within the meaning of the applicable UCC. 
 
(b) Lock-Box Accounts. Each Lock-Box Account constitutes a “deposit account” within the meaning of
the applicable UCC. 
 
2. Creation of Security
Interest. The Seller owns and has good and marketable title to the Receivables and Lock-Box Accounts (and the related lock-boxes), free and clear of any Lien. The Agreement creates a valid and continuing security interest (as defined in the
applicable UCC) in the Receivables and the Lock-Box Accounts (and the related lock-boxes) in favor of the Trustee (for the benefit of the Certificateholders), which security interest is prior to all other Liens and is enforceable as such as against
any creditors of and purchasers from the Transferor. 
 
3. Perfection. 
 
(a)
General. The Transferor has or has caused, or will or will cause within ten days after the date hereof, the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in
order to perfect the sale of the Receivables from the Seller to the Transferor pursuant to the Receivables Contribution and Sale Agreement and the security interest granted by the Transferor to the Trustee (for the benefit of the Certificateholders)
in the Receivables and Lock-Box Accounts (and the related lock-boxes) hereunder. 
 
(b) Tangible Chattel Paper. With respect to any Receivable that constitutes “tangible chattel paper”, the Servicer is in possession of the original copies of the tangible chattel paper
that constitute or evidence such Receivables, and the Transferor has filed and has caused the Seller to file, or will file or will cause the Seller to file within ten days after the date hereof, the financing statements described in paragraph (a)
above, each of which will contain a statement that: “A purchase of or a grant of a security interest in any property described in this financing statement will violate the rights of the Trustee.” The Receivables to the extent they are
evidenced by “tangible chattel paper” do not have any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than the Transferor or the Trustee. 
 
(c) Lock-Box Accounts. With respect to all Lock-Box
Accounts (and all related lock-boxes), the Transferor has delivered to the Trustee, on behalf of the Certificateholders, a fully executed Lock-Box Agreement pursuant to which the applicable Lock-Box Bank has to comply with all instructions given by
the Trustee with respect to all funds on deposit in such Lock-Box Account (and all funds sent to the respective lock-box), without further consent by the Transferor or the Servicer. 

 
4.
Priority. 
 
(a) Other than the transfer of
the Receivables by the Seller to the Transferor pursuant to the Receivables Contribution and Sale Agreement and the grant of security interest by the Transferor to the Trustee (for the benefit of the Certificateholders) in the Receivables and
Lock-Box Accounts (and the related lock-boxes) hereunder, neither the Transferor nor the Seller has pledged, assigned, sold, conveyed, or otherwise granted a security interest in any of the Receivables or Lock-Box Accounts (and the related
lock-boxes) to any other Person. 
 
(b) Neither the
Transferor nor the Seller has authorized, or is aware of, any filing of any financing statement against the Transferor or the Seller that include a description of collateral covering the Receivables or any other Trust Assets, other than any
financing statement filed pursuant to the Receivables Contribution and Sale Agreement and the Agreement or financing statements that have been validly terminated prior to the date hereof. 
 
(c) The Transferor is not aware of any judgment, ERISA or tax lien filings against either the Transferor or
the Seller. 
 
(d) None of the Lock-Box Accounts
(and the related lock-boxes) are in the name of any Person other than the Transferor or the Trustee. None of the Transferor, the Servicer or the Seller has consented to any Lock-Box Bank’s complying with instructions of any person other than
the Trustee. 
 
5. Survival of Supplemental
Representations. Notwithstanding any other provision of the Agreement or any other Transaction Document, the representations contained in this Exhibit 2.04 shall be continuing, and remain in full force and effect until such time as all the
Investor Certificateholders have finally been paid in full and all other obligations of the Transferor under the Agreement or any other Transaction Documents have been fully performed. 
 
6. No Waiver. The parties to the Agreement: (i) shall not, without obtaining a written confirmation of
the then-current rating of the Investor Certificates by the rating agencies then rating the Investor Certificates, waive any of the representations set forth in this Exhibit 2.04; (ii) shall provide the ratings agencies rating the Investor
Certificates with prompt written notice of any breach of any representations set forth in this Exhibit 2.04, and (iii) shall not, without obtaining a written confirmation of the then-current rating of the Investor Certificates by the rating agencies
then rating the Investor Certificates (as determined after any adjustment or withdrawal of the ratings following notice of such breach) waive a breach of any of the representations set forth in this Exhibit 2.04. 
 
7. Transferor or Seller to Maintain Perfection and
Priority. In order to evidence the interests of the Trustee under this Agreement, the Transferor or the Seller shall, from time to time take such action, or execute and deliver such instruments (other than filing financing statements) as may be
necessary or advisable (including, without limitation, such actions as are requested by the Trustee or the Administrator to maintain and perfect, as a first-priority interest, the Trustee’s security interest (for the benefit of the
Certificateholders) in the Trust Assets. The Transferor or Servicer shall, from time to time and within the time limits established by law, prepare and present to the Administrator for the Administrator’s authorization and approval all
financing statements, amendments, continuations or initial financing statements in lieu of a continuation statement, or other filings necessary to continue, maintain and perfect the Trustee’s security interest (for the benefit of the
Certificateholders) in the Trust Assets as a first-priority interest. The Administrator’s approval of such filings shall authorize the Transferor or Servicer to file such 

financing statements under the UCC without the signature of the Transferor, the Seller or the Trustee
where allowed by applicable law. Notwithstanding anything else in the Transaction Documents to the contrary, neither the Transferor, the Servicer nor the Seller, shall have any authority to file a termination, partial termination, release, partial
release or any amendment that deletes the name of a debtor or excludes collateral of any such financing statements, without the prior written consent of the Administrator. 

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

	 COMPUCOM SYSTEMS, INC.

	
	 By:
	 	 /s/    M. LAZANE SMITH

	 	 	 Name: M. LAZANE SMITH
 Title: SVP-CFO

 

	 CSI FUNDING, INC.

	
	 By:
	 	 /s/    DANIEL CELONI

	 	 	 Name: DANIEL CELONI
 Title: TREASURER

 

	 WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION, as
trustee

	
	 By:
	 	 /s/    TIMOTHY MATYI

	 	 	 Name: Timothy Matyi
 Title: Assistant Vice President

 

	 Consented to by 100% of the Series 1999-1 Certificateholders:
  
 MARKET STREET FUNDING
CORPORATION

	
	 By:
	 	 /s/    EVELYN ECHEVARRIA

	 	 	 Name: Evelyn Echevarria
 Title: Vice President

 

	 Consented to by:
  
 PNC BANK, NATIONAL
ASSOCIATION

	
	 By:
	 	 /s/    DANIEL K. FITZPATRICK

	 	 	 Name: Daniel K. Fitzpatrick, CFA
 Title: Vice PresidentAmendment No.2, dated as of March 3, 2003, to Amended and Restated Indenture

  Exhibit 4-a(6)
 AMENDMENT NO. 2 TO THE AMENDED AND RESTATED INDENTURE
 AMENDMENT NO. 2, dated as of
March 3, 2003 (this "Amendment No. 2") to the Amended and Restated Indenture, dated as of December 21, 2001, among MEMC ELECTRONIC MATERIALS, INC., a Delaware corporation (the "Issuer"), CITIBANK, N.A., as trustee (the
"Trustee") and CITICORP USA, INC., as collateral agent (the "Collateral Agent"), as amended by Amendment No. 1 to the Amended and Restated Indenture, dated March 27, 2002, among the parties therein (together as further amended,
modified or supplemented from time to time, the "Indenture").
 W I T N E S S E T H :
 WHEREAS, pursuant to Section 10.02 of the Indenture, the Issuer and the
Trustee wish to amend the Indenture as set forth herein;
 WHEREAS, each of the Issuer and the undersigned Holders of Notes agree that such amendment shall be beneficial to both the Issuer and the Holders and shall not be
in any manner materially adverse to the Holders;
 WHEREAS, the undersigned Holders collectively hold or beneficially own all of the principal amount of the Notes outstanding as of the date hereof and wish to consent to
such amendment; and
 NOW THEREFORE, in consideration of the foregoing premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree
as follows:
 1. Definitions. Capitalized terms used herein and not defined herein have the meanings assigned to them in the Indenture.
 2. Amendment to the
Indenture.
 (a) The preamble is hereby amended as follows: 
 (i) the phrase "Revolving Loan Documentation" at the end of the third WHEREAS clause is deleted and replaced with
the phrase "Citibank Revolving Loan Documentation".
 (ii) the following WHEREAS clauses are inserted immediately after the third WHEREAS clause and before the fourth WHEREAS clause: 
 
 WHEREAS, the Issuer has entered into that certain revolving credit agreement, dated as of December 5, 2002, with the lenders party thereto (the "Investor Lenders") and Citicorp USA, Inc. as administrative agent
and collateral agent (as such agreement may be further amended, restated, modified or supplemented at any time and from time to time, the "Investor Revolving Credit Agreement"), pursuant to which the Investor Lenders have committed to provide
the Issuer with a revolving credit facility in an aggregate principal amount not to exceed $35,000,000. 
 WHEREAS, to induce the Investor Lenders to enter into the Investor Revolving Credit Agreement, the Issuer has
executed, for the benefit of the Investor Lenders and other secured parties (i) a guarantee agreement, a security agreement, a pledge agreement and an indemnity, subrogation and contribution agreement attached as exhibits to the Investor Revolving
Credit Agreement and (ii) other security documents and ancillary documents 
 
 
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  executed in connection therewith (the Citibank Revolving Loan Documentation, the Investor Revolving Credit Agreement and the documents named in clauses (i) and (ii), collectively, together with any
document executed as an amendment to, restatement of, substitution for or replacement of, any such document, the "Revolving Loan Documentation").
 WHEREAS, the parties hereto desire the Indebtedness evidenced by
the Notes to be subordinated in right of payment, to the extent and in the manner provided in Article 12 hereof, to the prior payment in full of the obligations of the Issuer under the Revolving Loan Documentation. 
 (b) The definition of "Citibank Revolving Loan Documentation" is hereby added in Section 1.01 to read in its entirety as follows:
 "Citibank Revolving Loan Documentation" has the meaning provided in
the preamble.
 (c) The definition of "Investor Lenders" is hereby added in Section 1.01 as follows: 
 "Investor Lenders" has the meaning provided in the preamble.

(d) The definition of "Investor Revolving Credit Agreement" is hereby added in Section 1.01 as follows: 
 "Investor Revolving Credit Agreement" has the meaning provided in the preamble.

 (e) The definition of "lenders under the Revolver Obligations" in Section 1.01 is hereby amended to read in its entirety as follows: 
   "lenders under the
Revolver Obligations" (and derivations of that phrase, including "lenders under such Revolver Obligations") means, collectively, (i) the "Lenders" who are parties to the Revolving Credit Agreement, (ii) the "Investor Lenders" and (iii) the "Fund
Guarantors" who are parties to the Reimbursement Agreement.
 
 
 (f) The definition of "Revolver Obligations" in Section 1.01 is hereby amended to read in its entirety as follows: 

  "Revolver Obligations" means, collectively (i) the "Revolving Credit Obligations" as such term is defined in the security agreement attached as an Exhibit to the Revolving Credit Agreement, (ii) the
"Reimbursement Obligations" as such term is defined in the security agreement attached as an Exhibit to the Reimbursement Agreement and (iii) the "Investor Revolver Obligations" as such term is defined in the security agreement attached as an
Exhibit to the Investor Revolving Credit Agreement. For the avoidance of doubt, the term "Revolver Obligations" shall include any substitution for, or replacement of, the obligations identified in numbered clauses (i), (ii) and (iii) of this
definition.
 
 
 3. Effective Date. This Amendment No. 2 shall become effective as of the date first written above (the "Second Amendment Effective Date").
 4. Reference to and Effect on the Indenture.
 (a) On and after the Second Amendment Effective Date, each reference in the Indenture to "this Indenture", "hereunder", "hereof", "herein" or words
of like import referring to the Indenture, shall mean and be a reference to the Indenture as amended by this Amendment No. 2.
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  (b) Except as specifically amended by this Amendment No. 2, the Indenture shall remain in full force and effect and is hereby in all respects ratified and confirmed.
 (c) The execution, delivery and performance of this Amendment No. 2 shall not, except as expressly provided herein, constitute a waiver or amendment of any provision of, or operate as a waiver or amendment of any right, power or remedy
of the Trustee or the Holders under the Indenture.
 5. Consent of Holders. The undersigned Holders hereby consent to this Amendment No. 2.
 6. GOVERNING LAW.
THIS AMENDMENT NO. 2 SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
 7. Counterparts. This Amendment No. 2 may be executed in any number of 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 instrument.
 8. Recitals. The recitals contained herein shall be taken as
statements of the Issuer and the undersigned Holders, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Amendment No. 2.
 IN
WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to be executed by their respective officers thereunto duly authorized, as of the date first above written.

	   	 MEMC ELECTRONIC MATERIALS, INC., 
 as Issuer
 
 By: /s/ Kenneth L. Young
 Name: Kenneth L. Young
 Title: Treasurer 
	   	   
	   	 By /s/ James M. Stolze
 Name: James M. Stolze
 Title: Executive Vice President and
 Chief Financial Officer
 
	   
	   	 CITIBANK, NA, as Trustee
 
 By: /s/ Allen Fisher
 Name: Allen Fisher
 Title: Vice President 
	   	  
	   	 HOLDERS:
 
 TPG WAFER PARTNERS LLC
 
 By: Richard A. Ekleberry
 Name: Richard A. Ekleberry
 Title: Vice President 

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	   	 TPG WAFER MANAGEMENT LLC
 
 By: Richard A. Ekleberry
 Name: Richard A. Ekleberry
 Title: Vice President 

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