Document:

EXHIBIT 10.2
------------

          ASSIGNMENT AND ASSUMPTION OF LIMITED PARTNERSHIP INTEREST
          ---------------------------------------------------------

            THIS ASSIGNMENT (this "Assignment") is made and entered into as
of the 15 day of November, 2004, by and between The Comptroller of the
State of New York as Trustee of the Common Retirement Fund, a New York
trust ("Assignor"), and AMLI RESIDENTIAL PROPERTIES, L.P., a Delaware
limited partnership ("Assignee").

                                  RECITALS
                                  --------

      A.    Assignor is the sole limited partner in Acquiport/Clearwater,
L.P., a Delaware limited partnership (the "Partnership"), pursuant to that
certain Amended and Restated Agreement of Limited Partnership of the
Partnership, dated as of December 22, 1998, as amended (the "Partnership
Agreement"; capitalized terms used herein and not defined herein shall have
the meanings given them in the Partnership Agreement).

      B.    The Partnership owns real property located at 3914 Lake
Clearwater Place in Indianapolis, Indiana, upon which the Partnership owns,
operates and manages an apartment community known as Amli at Lake
Clearwater (the "Community").

      C.    Assignor desires to assign and Assignee desires to acquire all
of Assignor's right, title and interest in and claims against the
Partnership including Assignor's limited partnership interest (the
"Assigned Interest") and all interests, rights and obligations under the
Partnership Agreement with respect to the Assigned Interest only, as
hereinafter provided.

            NOW, THEREFORE, in consideration of the foregoing Recitals, and
the warranties and mutual covenants set forth herein, Assignor and Assignee
hereby agree as follows:

            1.    ASSIGNMENT OF ASSIGNED INTEREST.  Assignor hereby sells,
assigns, transfers, conveys and delivers to Assignee, free and clear from
any liens, encumbrances or defects of title, and Assignee hereby accepts,
acquires and takes assignment and delivery of, the Assigned Interest,
including, but not limited to, all right, title and interest in and to and
claims against the properties (real and personal), capital, cash flow
distributions, profits and losses of the Partnership relating or allocable
to the Assigned Interest.

            2.    PURCHASE PRICE.  In consideration of the sale,
assignment, transfer, conveyance and delivery of the Assigned Interest,
upon the execution hereof Assignee shall pay to Assignor cash in the amount
of $14,535,052, determined in accordance with SCHEDULE A hereto and as
adjusted in accordance with Section 4 below (the "Purchase Price").  The
Purchase Price is based upon a total agreed Partnership value of
$19,600,000.  The Purchase Price shall be paid on the Effective Date by
wire transfer to such account as shall be provided in writing by Assignor.

                                      1

<PAGE>

            3.    EFFECTIVE DATE.  The assignment herein made is effective
as of the date of this Assignment (the "Effective Date").  For all periods
up to, but not including, the Effective Date, as more fully described in
Section 4 and Section 12, that portion of the net profits or net losses of
the Partnership that are allocable to the Assigned Interest in accordance
with the Partnership Agreement shall be credited, charged or distributed,
as the case may be, to Assignor and not to Assignee and, for all periods
from and after the Effective Date, that portion of the net profits or net
losses of the Partnership allocable to the Assigned Interest shall be
credited, charged or distributed, as the case may be, to Assignee and not
to Assignor.

            4.    PRORATIONS.

            (a)   On or prior to January 31, 2005, Assignor and Assignee
      shall determine the prorations set forth in this Section 4.  Any
      payments owing as a result of such prorations shall be made as soon
      as reasonably practicable after such determination is reached.  For
      purposes of making the prorations, the Effective Date shall belong to
      Assignee and all prorations hereinafter provided to be made as of the
      Effective Date shall each be made as of the end of the day before the
      Effective Date.  In each such proration set forth below, the portion
      thereof applicable to periods beginning as of the Effective Date
      shall be credited or charged to Assignee and the portion thereof
      applicable to periods ending immediately prior to the Effective Date
      shall be credited or charged to Assignor.

                  1.    TAXES AND ASSESSMENTS.  General real estate taxes
            and assessments imposed by governmental authority and any
            assessments imposed by private covenant constituting a lien or
            charge on the Community for all tax periods through and
            including the then current calendar year or other current tax
            period (collectively, "Taxes") not yet due and payable shall be
            prorated; PROVIDED, HOWEVER, that an initial estimated
            proration of Taxes for all periods prior to the Effective Date
            has been reflected in the Purchase Price as set forth on
            SCHEDULE A hereto.  If a final tax bill for any period is
            available prior to the proration under this Section 4(a), the
            Taxes for such period shall be allocated on a fair and
            equitable basis according to this Section 4(a) as a final
            proration, with a final and complete proration of Taxes for all
            other tax periods, for which final tax bills are not available
            prior to the proration under this Section 4(a), to be made
            pursuant to Section 4(b); PROVIDED, that, if the final tax
            bills for all periods are available prior to the proration
            under this Section 4(a), the Taxes and all other items to be
            prorated shall be allocated on a fair and equitable basis
            according to this Section 4(a) as a final proration.  The
            estimated proration of Taxes for periods prior to the Effective
            Date includes the year 2004 but not the years 2002 or 2003,
            notwithstanding that taxes have not been paid on one parcel
            which is a portion of the Community for either 2002 or 2003,
            because the Partnership is keeping a reserve for tax payments
            on that parcel in the amount of $106,000 for 2002 and $180,000
            for 2003, which reserve will continue to be held by Assignee or
            the Partnership until payment is made, and will be applied
            toward those Taxes.  However, if the actual tax bill for those
            years is higher or lower than the amount reserved, then the
            reproration provision of Section 4(b) will apply.

                                      2

<PAGE>

                  2.    REVENUES.  All collected rent and other collected
            income (and any applicable state or local tax on rent) under
            apartment leases in effect on or prior to the Effective Date
            shall be prorated.  Uncollected rent and other income shall not
            be prorated.  Assignee agrees to make all reasonable efforts to
            collect, and to cause the Partnership to collect, any rents
            applicable to the period prior to the Effective Date.  Such
            rents paid by tenants on or after the Effective Date relating
            to their occupancy of the Community prior to the Effective Date
            shall be prorated on an if, as and when collected basis
            (without delaying such proration until January 31, 2005 or any
            earlier date).  Any amount collected by Assignee on or after
            the Effective Date from tenants who owe rent for periods prior
            to the Effective Date shall be applied (i) first, in payment of
            rent for the period (if any) after the month in which the
            Effective Date occurs through the end of the month in which
            such amount is collected if the rent for such month is then due
            and payable, (ii) second, in payment of rent for the month in
            which the Effective Date occurs, and (iii) third, in payment of
            rent for the months preceding the month in which the Effective
            Date occurs to the extent rent for such months preceding the
            Effective Date remains unpaid.  Any prepaid rents for the
            period on or after the Effective Date shall be credited to
            Assignee.

                  3.    UTILITIES.  Utilities, including water, sewer,
            electric, and gas, based upon the last reading of meters prior
            to the Effective Date shall be prorated.  The Partnership shall
            endeavor to obtain meter readings on the day before the
            Effective Date, and if such readings are obtained, the
            proration of such items shall be based upon such readings.

                  4.    FEES AND CHARGES UNDER SERVICE CONTRACTS.  Fees and
            charges under contracts for the provision of services to the
            Partnership based upon the periods to which such service
            contracts relate shall be prorated.

                  5.    EXPENSES; CASH.  All other costs and expenses of
            the Partnership not otherwise specifically set forth in this
            Section 4(a) shall be prorated; provided, however, the parties
            acknowledge and agree that the costs of winding up the
            Partnership and preparing the final tax returns for the
            Partnership shall be borne as if incurred immediately before
            the Effective Date.

            (b)   If a final proration with respect to any Taxes cannot be
      made under this Section 4 on or before January 31, 2005, then
      Assignee and Assignor agree to perform a final proration of such
      Taxes and any other remaining undetermined items on a fair and
      equitable basis as soon as the applicable tax bills for such tax
      periods (or the applicable bills for such other remaining
      undetermined items) are available, with final adjustment to be made
      as soon as reasonably possible thereafter.  Payments in connection
      with the final adjustment shall be made as soon as reasonably
      practicable after such final adjustment is agreed upon.

            (c)   Assignor shall have reasonable access to, and the right
      to inspect and audit, the Partnership's books to confirm the
      prorations.  Any such audit shall be at Assignor's sole cost and
      expense.

                                      3

<PAGE>

            5.    Representations of Assignor.  Assignor hereby represents
and warrants to Assignee that:

            (a)   Assignor is duly organized and validly existing under the
      laws of the state of its organization and has been duly authorized by
      all necessary and appropriate action to enter into this Assignment
      and to consummate the transactions contemplated hereby.  This
      Assignment is a valid and binding obligation of Assignor, enforceable
      against Assignor in accordance with its terms, except insofar as
      enforceability may be affected by bankruptcy, insolvency or similar
      laws affecting creditor's rights generally and the availability of
      any particular equitable remedy.

            (b)   Assignor is the record and beneficial owner of all of the
      Assigned Interest, free and clear of any lien, claim, option, call,
      right of first refusal, charge, encumbrance, restriction on transfer
      (other than any restriction under the Securities Act of 1933, as
      amended, or state securities or "blue sky" laws) or other right of
      any other party.  The Assigned Interest represents all of Assignor's
      ownership interest in the Partnership.

            (c)   Assignor's execution and delivery of this Assignment, its
      performance of its obligations hereunder and its consummation and the
      validity of the transactions contemplated hereby do not require it to
      obtain any consent, approval or action of, or make any filing with or
      give any notice to, any corporation, person or firm or any public,
      governmental or regulatory body or judicial authority, which has not
      been previously obtained.

            6.    REPRESENTATIONS OF ASSIGNEE.  Assignee hereby represents
and warrants to Assignor that:

            (a)   Assignee is duly organized and validly existing under the
      laws of the state of its organization and has been duly authorized by
      all necessary and appropriate action to enter into this Assignment
      and to consummate the transactions contemplated hereby.  This
      Assignment is a valid and binding obligation of Assignee, enforceable
      against Assignee in accordance with its terms, except insofar as
      enforceability may be affected by bankruptcy, insolvency or similar
      laws affecting creditor's rights generally and the availability of
      any particular equitable remedy.

            (b)   Assignee's execution and delivery of this Assignment, its
      performance of its obligations hereunder and its consummation and the
      validity of the transactions contemplated hereby do not require it to
      obtain any consent, approval or action of, or make any filing with or
      give any notice to, any corporation, person or firm or any public,
      governmental or regulatory body or judicial authority, which has not
      been previously obtained.

            7.    ASSUMPTION BY ASSIGNEE.  Assignee hereby (i) accepts the
Assigned Interest and all rights of Assignor under the Partnership
Agreement in respect thereof and (ii) assumes (A) all of the liabilities of
the Partnership as they relate to the Assigned Interest accruing on or
after the date of this Assignment and (B) all obligations of Assignor under
the Partnership Agreement in respect of the Assigned Interest, and agrees
to be bound by the provisions thereof with respect thereto; provided,
however, that such assumption shall not be construed to convert any
nonrecourse liabilities to recourse liabilities nor shall it be construed
to revive any barred indebtedness or to waive any defense or limitation of
liability with respect to any such liabilities.  In no event shall the
liabilities assumed by Assignee include any federal or state income tax
liabilities of Assignor relating to the Partnership or the Assigned
Interest incurred or accrued, whether known or unknown, as of the Effective
Date.

                                      4

<PAGE>

            8.    NO BROKERS.  No broker, finder or similar intermediary
has acted for or on behalf of, or is entitled to any broker's, finder's or
similar fee or other commission from, Assignor or Assignee or any of their
respective Affiliates in connection with this Assignment or the
transactions contemplated hereby.  Assignor agrees to indemnify and hold
Assignee free and harmless, and Assignee agrees to indemnify and hold
Assignor free and harmless, from and against any and all claims, demands,
suits, causes of action, controversies, liabilities, costs, expenses, and
losses, including, without limitation, reasonable attorneys' fees and
expenses, that the indemnified party may suffer as a result of any claims
made or suits brought by any broker, salesperson, agent or finder who
claims to have introduced or to have been retained by the indemnifying
party in connection with this transaction.

            9.    FURTHER ASSURANCES.  Each party, at its sole cost and
expense, upon request of the other party, shall execute and deliver such
further instruments and do or cause to be done such further acts as may be
necessary to be done by such party to effectuate and confirm the assignment
of the Assigned Interest and the other matters set forth herein.  Without
limiting the foregoing, Assignor agrees to deliver to Assignee on the
Effective Date any Partnership property in its control or possession,
including any original copies of insurance policies.

            10.   MUTUAL RELEASE.

            (a)   As of the Effective Date, except as explicitly provided
      in this Assignment or except where such liabilities arise from or are
      caused by the gross negligence, willful misconduct or fraud of
      Assignee or its Affiliates, as the case may be, Assignor, on its
      behalf and on behalf of each of its Affiliates and each of their
      respective representatives, agents, successors, assigns, officers,
      directors, members, managers, employees and each of them
      (collectively, the "Assignor Parties") hereby irrevocably waives,
      releases and discharges, absolutely and forever, Assignee, the
      Partnership and each of their Affiliates from any and all liabilities
      to Assignor or the other Assignor Parties of any kind and nature
      whatsoever (including in respect of any rights of contribution or
      indemnification) in respect of facts, events, circumstances or
      conditions occurring or arising prior to the Effective Date.

            (b)   As of the Effective Date, except as explicitly provided
      in this Assignment or except where such liabilities arise from or are
      caused by the gross negligence, willful misconduct or fraud of
      Assignor or its Affiliates, as the case may be, Assignee, on its
      behalf and on behalf of each of its Affiliates and each of their
      respective representatives, agents, successors, assigns, officers,
      directors, members, managers, employees and each of them
      (collectively, the "Assignee Parties") hereby irrevocably waives,
      releases and discharges, absolutely and forever, the Assignor and
      each of its Affiliates, from any and all liabilities to Assignee, the
      Partnership, or the other Assignee Parties of any kind and nature
      whatsoever (including in respect of any rights of contribution or
      indemnification) in respect of facts, events, circumstances or
      conditions occurring or arising prior to the Effective Date.

            (c)   Notwithstanding anything to the contrary in paragraphs
      (a) and (b) above, nothing in this Section 10 shall be construed as a
      waiver or release by or in favor of either party with respect to any
      rights either of them may have pursuant to this Assignment.

                                      5

<PAGE>

            11.   INDEMNIFICATION.

            (a)   Assignee hereby agrees to indemnify and hold Assignor
      free and harmless from and against any and all actions, causes of
      action, or suits brought against it by third parties (each, a "Third
      Party Claim") for losses, liabilities, damages and expenses,
      including, without limitation, reasonable attorneys' fees and
      disbursements (collectively, "Damages") arising from any such Third
      Party Claim, incurred by Assignor as a result of or relating to
      Assignor's status as a limited partner of the Partnership, except to
      the extent such Damages are caused by the gross negligence, willful
      misconduct or fraud of Assignor.

            (b)   Assignor shall give notice as promptly as practicable to
      Assignee of the assertion of any Third Party Claim; PROVIDED, that
      the failure of Assignor to give notice shall not relieve Assignee of
      its obligations under this Section 11 except to the extent (if any)
      that Assignee shall have been prejudiced thereby.  Assignee may, at
      its election and own expense, upon notice to Assignor, assume the
      defense thereof.  If Assignee assumes such defense, Assignor shall
      have the right (but not the obligation) to participate in the defense
      thereof and to employ counsel, at its own expense, separate from the
      counsel employed by Assignee.  Whether or not Assignee chooses to
      defend or prosecute any such Third Party Claim, each of the parties
      hereto shall cooperate in the defense or prosecution thereof.

            12.   TAX MATTERS.  On the Effective Date, there shall be an
interim closing of the Partnership's books and all items of the
Partnership's Profits and Losses for the current fiscal year up to (but not
including) the Effective Date shall be allocated to Assignor and Assignee
in accordance with the Partnership Agreement.  Assignee shall cause the
Partnership to prepare the tax return of the Partnership for the portion of
the current fiscal year up to (but not including) the Effective Date (the
"Termination Tax Return") as a result of the termination of the Company for
tax purposes under Section 708(b)(1)(B) of the Internal Revenue Code of
1986, as amended.  Assignee shall provide Assignor with a copy of the
Termination Tax Return for Assignee's review and approval (which shall not
be unreasonably withheld or delayed) prior to filing such return with the
Internal Revenue Service.  Assignor and Assignee shall each file all
required federal, state and local income tax returns and related returns
and reports in a timely manner consistent with the foregoing and as
required by law.

            13.   SUCCESSORS AND ASSIGNS.  This Assignment shall be binding
upon and inure to the benefit of Assignor and Assignee and the respective
heirs, legal representatives, successors and assigns of each.

            14.   SURVIVAL OF REPRESENTATIONS.  The representations,
warranties, covenants, indemnities and agreements of the parties contained
in this Assignment are the only such terms made or relied upon by the
parties and shall survive the consummation of the transactions contemplated
hereby.

            15.   MODIFICATION AND WAIVER.  No supplement, modification,
waiver or termination of this Assignment or any provision hereof shall be
binding unless executed in writing by the parties to be bound thereby.  No
waiver of any of the provisions of this Assignment shall constitute a
waiver of any other provision (whether or not similar), nor shall such
waiver constitute a continuing waiver unless otherwise expressly provided.

            16.   GOVERNING LAW.  This Assignment shall be construed and
enforced in accordance with the laws of the State of Delaware applicable to
agreements made and to be performed entirely within said state.

                                      6

<PAGE>

            17.   RECOURSE TO AMLI RESIDENTIAL PROPERTIES TRUST.  ANYTHING
CONTAINED HEREIN TO THE CONTRARY NOTWITHSTANDING, NO PERSONAL LIABILITY OR
PERSONAL DEFICIENCY JUDGMENT SHALL BE ASSERTED OR ENFORCED AGAINST ANY
PARTNERS OF AMLI RESIDENTIAL PROPERTIES TRUST (THE GENERAL PARTNER OF THE
ASSIGNEE), AGAINST THE TRUSTEES, OFFICERS, EMPLOYEES, AGENTS, PARTNERS,
SHAREHOLDERS OR PRINCIPALS OF SUCH PARTNERS, OR AGAINST THE ASSETS OF ANY
SUCH PARTIES, FOR PAYMENT OF ANY AMOUNT HEREUNDER OR FOR OBSERVANCE OR
PERFORMANCE OF ANY OF THE OBLIGATIONS OF AMLI RESIDENTIAL PROPERTIES TRUST,
ASSIGNEE OR THE PARTNERSHIP.  NOTHING CONTAINED ABOVE SHALL LIMIT THE
REMEDIES AGAINST ANY PERSON FOR SUCH PERSON'S FRAUD OR INTENTIONAL
MISCONDUCT, IN WHICH EVENT SUCH REMEDIES SHALL BE DETERMINED BY APPLICABLE
LAW.

            18.   ENTIRE AGREEMENT.  This Assignment contains all of the
understandings and agreements of whatsoever kind and nature existing
between Assignor and Assignee with respect to the subject matter hereof,
and any and all other prior agreements between the parties with respect to
such subject matter are hereby superseded.

            19.   HEADINGS.  All headings used herein are inserted for
convenience and ease of reference only and shall not be considered in the
construction or interpretation of any provision of this Assignment.

            20.   SEVERABILITY.  If any provisions of this Assignment shall
be held by a court of competent jurisdiction to be contrary to law or
public policy, or otherwise unenforceable, the remaining provisions shall
remain in full force and effect and a court of competent jurisdiction shall
supply a provision or provisions to replace the affected provision(s) which
most closely approximates the original intent of the parties.

            21.   LIMITED RECOURSE FOR THE COMMON RETIREMENT FUND.
ANYTHING CONTAINED HEREIN TO THE CONTRARY NOTWITHSTANDING, NO PERSONAL
LIABILITY OR PERSONAL DEFICIENCY JUDGMENT SHALL BE ASSERTED OR ENFORCED
AGAINST THE STATE OF NEW YORK OR THE COMPTROLLER OF THE STATE OF NEW YORK,
AGAINST THE TRUSTEES, OFFICERS, EMPLOYEES, AGENTS, PARTNERS, SHAREHOLDERS
OR PRINCIPALS OF SUCH PARTIES, OR AGAINST THE ASSETS OF ANY SUCH PARTIES,
FOR PAYMENT OF ANY AMOUNT HEREUNDER OR FOR OBSERVANCE OR PERFORMANCE OF ANY
OF THE OBLIGATIONS OF THE NEW YORK STATE COMMON RETIREMENT FUND OR THE
PARTNERSHIP.

            22.   WINDING-UP OF PARTNERSHIP.  The parties acknowledge and
agree that, as a result of the purchase of the Assigned Interest, the
Partnership will be dissolved and wound-up as a matter of law and that, as
a matter of law, all of the assets and all interests of the Partnership
shall devolve upon Assignee as the sole partner as a matter of law.  The
Assignee, as the sole general partner of the Partnership, is hereby
authorized and directed to take all actions and make all filings,
consistent with this Agreement, to reflect such dissolution and devolution.

            23.   COUNTERPARTS.  This Assignment may be executed in
counterparts, each of which shall be deemed an original but all of which
shall constitute one and the same instrument.

                          *     *     *     *     *

                                      7

<PAGE>

            IN WITNESS WHEREOF, this Assignment is executed as of the day
and year first above written.

                              ASSIGNOR:
                              --------

                              ALAN G. HEVESI, COMPTROLLER OF THE
                              STATE OF NEW YORK, as Trustee of The New York
                              State Common Retirement Fund

                              By:   /s/ David Loglisci
                                    ------------------------------
                                    Name:  David Loglisci
                                    Title:

                              ASSIGNEE:
                              --------

                              AMLI RESIDENTIAL PROPERTIES, L.P.

                              By:   AMLI Residential Properties Trust,
                                    Its general partner

                                    By:   /s/ Fred Shapiro
                                          ------------------------------
                                          Name:  Fred Shapiro
                                          Title: Senior Vice President

                                      8

<PAGE>

                                 SCHEDULE A

                        CALCULATION OF PURCHASE PRICE

Partnership Value                                          $19,600,000

Assignor's percentage interest                                     75%

Value of Assignor's partnership interest                   $14,700,000

LESS:  Assignor's share of unpaid real
       estate taxes accrued by the Partnership
       and relating to all periods prior to
       the Effective Date (1)                              $   164,948

Purchase Price to be paid to Assignor
  by Assignee on the Effective Date                        $14,535,052

 (1)  This amount reflects the Assignor's pro rata portion of the
      Partnership's estimated real estate taxes for all periods prior to
      the Effective Date and which the Partnership has not yet paid as of
      the Effective Date.  Because the Partnership makes distributions to
      its partners on a cash basis, this amount reflects the excess
      distributions received by Assignor from the Partnership as a result
      of non-payment of the taxes.  The Purchase Price is, therefore,
      reduced by this amount.  A final proration of the real estate taxes
      will be completed in accordance with Section 4 of the Assignment upon
      receipt by the Partnership of the final tax bill.Exhibit 10.1

                                                          CONFORMED COPY

                              FIRST AMENDMENT

          FIRST AMENDMENT, dated as of December 10, 2004, (this
"Amendment"), to the Seventh Amended and Restated Credit Agreement, dated
as of October 6, 1998, as amended and restated as of February 12, 2004 (as
so amended and restated, the "Credit Agreement"), among SPX Corporation, a
Delaware corporation (the "Parent Borrower"), the Foreign Subsidiary
Borrowers party thereto (together with the Parent Borrower, the
"Borrowers"), the several banks and other financial institutions or
entities parties thereto (the "Lenders"), The Bank of Nova Scotia, as
syndication agent, Bank of America, N.A., Bank One, NA and Wachovia Bank
N.A., as documentation agents, and JPMorgan Chase Bank, N.A. (formerly
known as JPMorgan Chase Bank), as administrative agent for the Lenders (in
such capacity, the "Administrative Agent").

                            W I T N E S S E T H

          WHEREAS, pursuant to the Credit Agreement, the Lenders have
agreed to make, and have made, certain loans and other extensions of credit
to the Borrowers; and

          WHEREAS, the Parent Borrower has requested, and, upon this
Amendment becoming effective, the Lenders have agreed, that certain
provisions of the Credit Agreement be amended in the manner provided for in
this Amendment.

          NOW, THEREFORE, the parties hereto 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 Section 1.1 of the Credit Agreement. (a)
The definition of "Applicable Rate" set forth in Section 1.1 of the Credit
Agreement is hereby amended by (i) inserting immediately below the grid
entitled "Applicable Rates for Revolving Loans, Swingline Loans and Tranche
A Term Loans; Commitment Fee Rate" the following proviso applicable to such
grid:

          ; provided that if the Facilities are rated Ba3 or lower by
          Moody's or BB+ or lower by S&P, each of the Applicable Rates for
          Eurocurrency Loans and ABR Loans set forth in the preceding grid
          shall be increased by 0.25% (it being understood and agreed that
          such ratings shall not affect the foregoing Commitment Fee
          Rates).

and (ii) deleting therefrom the grid appearing immediately below the
caption "Applicable Rates for Tranche B-1 Term Loans" and substituting in
lieu thereof the following grid:

<TABLE>
<CAPTION>

---------------------------------- ------------------------------------- -----------------------------
                                      Applicable Rate                       Applicable Rate
 Consolidated Leverage Ratio          for Eurocurrency Loans that are       for ABR Loans that are
                                      Tranche B-1 Term Loans                Tranche B-1 Term Loans
---------------------------------- ------------------------------------- -----------------------------
<S>                                       <C>                                  <C>
Greater than or equal to                  2.25%                                1.25%
3.00 to 1.0
        OR
Ratings are Ba3 or lower
by Moody's
      OR
Ratings are BB+ or lower
by S&P
---------------------------------- ------------------------------------- -----------------------------
Greater than or equal to                  2.00%                                1.00%
2.00 to 1.0 and less than
3.00 to 1.0
---------------------------------- ------------------------------------- -----------------------------
Less than 2.00 to 1.0                     2.00%(3)                             1.00%(3)
      OR
Ratings are Ba1 or better
by Moody's and BBB-
or better by S&P(3)
---------------------------------- ------------------------------------- -----------------------------
Less than 2.00 to 1.0                     1.75%(4)                             0.75%(4)
      OR
Ratings are Ba1 or better
by Moody's and BBB- or
better by S&P(4)
---------------------------------- ------------------------------------- -----------------------------
</TABLE>

          (b) The definition of "Consolidated Total Debt" set forth in
Section 1.1 of the Credit Agreement is hereby amended by inserting the
following proviso immediately before the word "plus" therein:

          , provided that, for purposes of Section 6.8(e), "Consolidated
          Total Debt" shall be calculated without netting such cash and
          cash equivalents,

          (c) Section 1.1 of the Credit Agreement is hereby amended by
inserting, in proper alphabetical order, the following new defined terms
and related definitions:

          "First Amendment": the First Amendment, dated as of December 10,
          2004, to this Agreement.

          "First Amendment Effective Date": the date on which the
          conditions precedent set forth in Section 10 of the First
          Amendment shall be satisfied, which date is December 22, 2004.

          SECTION 3. Amendment to Section 2.11(b) of the Credit Agreement.
Section 2.11(b) of the Credit Agreement is hereby amended in its entirety
to read as follows:

          (b) If on any date any Net Proceeds are received by or on behalf
     of the Parent Borrower or any Subsidiary in respect of any Prepayment
     Event, the Parent Borrower shall, within ten Business Days after such
     Net Proceeds are received, prepay Term Loan Borrowings in an amount
     equal to the aggregate amount of such Net Proceeds; provided that:

               (i) in the case of any event described in clause (a) or (b)
          of the definition of the term Prepayment Event, if the Parent
          Borrower shall deliver to the Administrative Agent a certificate
          of a Financial Officer to the effect that the Parent Borrower and
          the Subsidiaries intend to apply the Net Proceeds from such event
          ("Reinvestment Net Proceeds"), within 360 days after receipt of
          such Net Proceeds, to make Permitted Acquisitions or Investments
          permitted by Section 6.5 or acquire real property, equipment or
          other assets to be used in the business of the Parent Borrower
          and the Subsidiaries, and certifying that no Default or Event of
          Default has occurred and is continuing, then no prepayment shall
          be required pursuant to this paragraph (b) in respect of such
          event except to the extent of any Net Proceeds therefrom that
          have not been so applied by the end of such 360-day period, at
          which time a prepayment shall be required in an amount equal to
          the Net Proceeds that have not been so applied; provided, that,
          notwithstanding the foregoing, in the case of any event described
          in clause (A) or (B) below, the Parent Borrower shall, within ten
          Business Days after receipt of the Net Proceeds (or portion
          thereof specified in such clauses) in respect of such event,
          prepay Term Loan Borrowings in an amount equal to such Net
          Proceeds (or specified portion thereof), and such Net Proceeds
          may not be treated as Reinvestment Net Proceeds:

                    (A) if, on any date during any fiscal year of the
               Parent Borrower, the aggregate gross proceeds (inclusive of
               amounts of the type described in the first parenthetical of
               Section 6.6(d) but exclusive of the $1,000,000,000 of Net
               Proceeds referred to in the proviso below) from Dispositions
               pursuant to Section 6.6(d) received during such fiscal year
               exceed 10% of Total Consolidated Assets, then, from and
               after such date, any Net Proceeds from each subsequent
               Prepayment Event occurring during such fiscal year resulting
               from Dispositions pursuant to Section 6.6(d) (and a ratable
               amount of Net Proceeds from any such Prepayment Event from
               Dispositions pursuant to Section 6.6(d) that first causes
               the aforementioned 10% threshold to be exceeded, which
               ratable amount shall be determined by reference to a
               fraction, the numerator of which shall be the portion of the
               gross proceeds from such Prepayment Event representing the
               excess above such 10% threshold and the denominator of which
               shall be the aggregate gross proceeds from such Prepayment
               Event) shall be applied by the Parent Borrower to prepay
               Term Loan Borrowings, provided that no prepayment shall be
               required pursuant to this clause (A) in respect of any
               portion of the up to $1,000,000,000 of the Net Proceeds that
               have been excluded from the prepayment and reinvestment
               requirements of this paragraph (b) by the Parent Borrower as
               provided in clause (ii) below; and

                    (B) if, on any date, any Net Proceeds are received by
               or on behalf of the Parent Borrower or any Subsidiary in
               respect of any Disposition described in Section 6.6(f), the
               Parent Borrower shall apply the first $150,000,000 of Net
               Proceeds from all such Dispositions, in the aggregate, to
               prepay Term Loan Borrowings to the extent required by clause
               (iii) below.

               (ii) the Parent Borrower may, at its option from time to
          time after the First Amendment Effective Date upon one or more
          written notices to the Administrative Agent, exclude up to an
          aggregate of $1,000,000,000 of Net Proceeds from Dispositions
          described in Section 6.6(d), from the prepayment requirements of
          this paragraph (b) and from the reinvestment provision in the
          foregoing clause (i); and

               (iii) (A) the Parent Borrower shall (except as provided in
          the next succeeding sentence), within ten Business Days after
          receipt of any Net Proceeds by or on behalf of the Parent
          Borrower or any Subsidiary in respect of any Disposition
          described in Section 6.6(f), prepay Term Loan Borrowings in an
          amount equal to the first $150,000,000 of such Net Proceeds (and
          such amount may not be reinvested pursuant to the reinvestment
          provision in the foregoing clause (i)), and (B) in the case of
          any Net Proceeds from Dispositions described in Section 6.6(f),
          after the first $150,000,000 of such Net Proceeds have been
          applied to prepay Term Loan Borrowings in accordance with the
          foregoing clause (iii) (A) of this paragraph (b) (or credit for
          such application shall have been given as provided in the next
          succeeding sentence), no prepayment or reinvestment shall be
          required pursuant to this paragraph (b) in respect of such
          Dispositions described in Section 6.6(f). Notwithstanding the
          foregoing, in the event that, during the period commencing on the
          First Amendment Effective Date and ending on the date of
          consummation of any Disposition described by Section 6.6(f), the
          Parent Borrower makes any optional prepayments of Term Loan
          Borrowings and, from time to time by one or more written notices
          to the Administrative Agent, directs that any such optional
          prepayment be allocated to Term Loan Borrowings in accordance
          with the first sentence of Section 2.12(b) and the second
          sentence of Section 2.12(c) (as amended by the First Amendment)
          as if such prepayment were a mandatory prepayment, then the
          amount of such optional prepayment shall be credited against the
          mandatory prepayment in respect of such Disposition that would
          otherwise be required by this paragraph (b), it being agreed that
          once so credited, such optional prepayment amount may not be
          credited against any other mandatory prepayment required by this
          paragraph (b) and not more than $150,000,000 in the aggregate of
          optional prepayments may be credited against mandatory
          prepayments otherwise required by this paragraph (b).

          SECTION 4. Amendment to Section 2.12(c) of the Credit Agreement.
Section 2.12(c) of the Credit Agreement is hereby amended by deleting the
"." at the end of the second sentence thereof and inserting in lieu thereof
the following proviso:

     ; provided that, in the case of any mandatory prepayment in respect of
     a Disposition described in Section 6.6(f) that is allocated to the
     Tranche A Term Loan Borrowings or the Tranche B-1 Term Loan
     Borrowings, such prepayment may, at the option of the Parent Borrower
     upon written notice to the Administrative Agent, be applied to the
     remaining installments thereof in direct order of maturity.

          SECTION 5. Amendment to Section 5.11(a) of the Credit Agreement.
Section 5.11(a) of the Credit Agreement is hereby amended by deleting the
term "Foreign Subsidiary" in each place it appears therein and substituting
in lieu thereof the following: "Foreign Subsidiary (or a Subsidiary
thereof)".

          SECTION 6. Amendments to Section 6.5 of the Credit Agreement.
Section 6.5 of the Credit Agreement is hereby amended by (a) deleting from
paragraph (b) thereof the term "Amendment/Restatement Effective Date" and
substituting in lieu thereof the following: "First Amendment Effective
Date" and (b) deleting from paragraph (c) thereof the phrase "Investments
by Loan Parties" and substituting in lieu thereof the following:
"Investments made by Loan Parties after the First Amendment Effective
Date".

          SECTION 7. Amendments to Section 6.6 of the Credit Agreement.
Section 6.6 of the Credit Agreement is hereby amended by (a) deleting the
word "and" at the end of paragraph (d) thereof, (b) deleting the "." at the
end of paragraph (e) thereof and substituting "; and" in lieu thereof and
(c) inserting the following new paragraph (f) immediately after paragraph
(e) thereof:

          (f) Dispositions of (i) the BOMAG group companies engaged in the
     business of the design, manufacture and sale of heavy and light
     equipment for soil, asphalt and refuse compaction; the sale of
     compaction measurement and documentation systems; the related spare
     parts and service business; and the design, manufacture and sale of
     machinery for the recycling and stabilization of road beds under
     repair, pursuant to the International Share Sale Agreement, dated
     October 28, 2004, as the same may be amended, supplemented, waived or
     otherwise modified from time to time (except to the extent that any
     such amendments, supplements, waivers or modifications have the effect
     of adding to the assets that are subject thereto), between BOMAG
     Holding GmbH, BOMAG U.L.M. GmbH, Radiodetection Limited, as sellers,
     and FAYAT SA, as purchaser, and the Parent Borrower, as a guarantor of
     the sellers; and (ii) the business of providing fire detection,
     suppression, notification, communication, signaling and other related
     building life-safety systems, components and services to
     non-residential facilities; electronic access control and
     identification card systems; carbon dioxide sensors; and nurse call
     and educational sound systems, pursuant to the Purchase and Sale
     Agreement, dated as of November 15, 2004, as the same may be amended,
     supplemented, waived or otherwise modified from time to time (except
     to the extent that any such amendments, supplements, waivers or
     modifications have the effect of adding to the assets that are subject
     thereto), by and among the Parent Borrower, Edwards Systems
     Technology, Inc., General Electric Company, and others; provided that
     all Dispositions permitted by this paragraph (f) shall be made for
     fair value and for at least 75% cash consideration.

          SECTION 8. Amendments to Section 6.8 of the Credit Agreement. (a)
Section 6.8(e) of the Credit Agreement is hereby amended in its entirety to
read as follows:

          (e) (i) from and after the Sixth Amendment/Restatement Effective
     Date and prior to the First Amendment Effective Date, the Parent
     Borrower may repurchase its Capital Stock in transactions permitted by
     Section 6.8(e) of the Credit Agreement as in effect immediately prior
     to the First Amendment Effective Date and (ii) from and after the
     First Amendment Effective Date, the Parent Borrower may repurchase its
     Capital Stock, provided that if the Consolidated Leverage Ratio, on a
     pro forma basis immediately after giving effect to such repurchase
     (with the reference period for Consolidated EBITDA being the most
     recent period of four consecutive fiscal quarters for which the
     relevant financial information is available and with Consolidated
     Total Debt being calculated without netting cash and cash equivalents)
     is

               (A) greater than or equal to 2.50 to 1.00, the aggregate
          amount of such repurchases pursuant to this Section 6.8(e) shall
          not exceed (x) the sum of (I) $250,000,000 and (II) a positive
          amount equal to 50% of cumulative Consolidated Net Income during
          the period from October 1, 2004 to the end of the most recent
          fiscal quarter for which financial information is available
          preceding the date of such repurchase (or, in case such
          Consolidated Net Income is a deficit, minus 100% of such deficit)
          minus (y) an amount equal to the aggregate amount of dividends in
          excess of $75,000,000 paid by the Parent Borrower in any fiscal
          year in reliance on Section 6.8(g), and

               (B) less than 2.50 to 1.00, the aggregate amount of such
          repurchases pursuant to this Section 6.8(e) shall be unlimited.

          (b) Section 6.8(g) of the Credit Agreement is hereby amended by
deleting therefrom the words "Section 6.8(e)(ii)(A)(y)" and substituting in
lieu thereof the words "Section 6.8(e)(ii)(A)(x)(II)".

          SECTION 9. Amendment to Schedule 6.5 to the Credit Agreement.
Schedule 6.5 to the Credit Agreement is hereby amended in its entirety to
read as set forth on Schedule 6.5 attached hereto.

          SECTION 10. Conditions to Effectiveness. This Amendment shall
become effective on the date (the "First Amendment Effective Date") on
which the Administrative Agent shall have received:

          (a) an executed counterpart of this Amendment from the Parent
     Borrower;

          (b) executed Lender Consent Letters (or facsimile transmissions
     thereof) from the Required Lenders and the Majority Facility Lenders
     in respect of each Facility consenting to the execution of this
     Amendment by the Administrative Agent;

          (c) an executed Acknowledgment and Consent (or a facsimile
     transmission thereof), in the form set forth at the end of this
     Amendment from each Loan Party;

          (d) for the account of each Lender that executes and delivers a
     Lender Consent Letter to counsel to the Administrative Agent on or
     prior to 5:00 p.m., New York City time, on December 22, 2004, an
     amendment fee from the Parent Borrower in an amount equal to 0.05% of
     the sum of each such Lender's Revolving Commitments and Term Loans
     then outstanding; and

          (e) all fees required to be paid, and all reasonable
     out-of-pocket expenses for which invoices have been presented
     (including reasonable fees, disbursements and other charges of counsel
     to the Agents), on or before the First Amendment Effective Date.

          SECTION 11. Representations and Warranties. The representations
and warranties made by the Loan Parties in the Loan Documents are true and
correct in all material respects on and as of the First Amendment Effective
Date, before and after giving effect to the effectiveness of this
Amendment, as if made on and as of the First Amendment Effective Date.

          SECTION 12. Payment of Expenses. The Parent Borrower agrees to
pay or reimburse the Administrative Agent for all of its out-of-pocket
costs and reasonable expenses incurred in connection with this Amendment
and any other documents prepared in connection herewith and the
transactions contemplated hereby, including, without limitation, the
reasonable fees and disbursements of counsel to the Administrative Agent.

          SECTION 13. Reference to and Effect on the Loan Documents. On and
after the First Amendment Effective Date, each reference in the Credit
Agreement to "this Agreement", "hereunder", "hereof" or words of like
import referring to the Credit Agreement, and each reference in the other
Loan Documents to "the Credit Agreement", "thereunder", "thereof" or words
of like import referring to the Credit Agreement, shall mean and be a
reference to the Credit Agreement as amended hereby. The execution,
delivery and effectiveness of this Amendment shall not, except as expressly
provided herein, operate as a waiver of any right, power or remedy of any
Lender or the Administrative Agent under any of the Loan Documents. Except
as expressly amended herein, all of the provisions of the Credit Agreement
and the other Loan Documents are and shall remain in full force and effect
in accordance with the terms thereof and are hereby in all respects
ratified and confirmed.

          SECTION 14. Counterparts. 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. Delivery of an executed
signature page of this Amendment by facsimile transmission shall be
effective as delivery of a manually executed counterpart hereof. A set of
the copies of this Amendment signed by all the parties shall be lodged with
the Parent Borrower and the Administrative Agent.

          SECTION 15. Governing Law. This Amendment and the rights and
obligations of the parties hereto shall be governed by, and construed and
interpreted in accordance with, the law of the State of New York.

<PAGE>

          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.

                                SPX CORPORATION

                                By:   /s/ Patrick O' Leary
                                      ----------------------------
                                      Name:  Patrick O' Leary
                                      Title: Executive Vice President,
                                      Treasurer and Chief Financial Officer

                                JPMORGAN CHASE BANK, N.A.
                                (formerly JPMorgan Chase Bank), as
                                Administrative Agent

                                By:   /s/ Marian Schulman
                                      ----------------------------
                                      Name:  Marian Schulman
                                      Title: Managing Director

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