Document:

EX-10.1 SEVENTH AMENDMENT TO CREDIT AGREEMENT

 

EXHIBIT 10.1

SEVENTH AMENDMENT TO CREDIT AGREEMENT

     This SEVENTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) dated as of November 27,
2006, by and among AGCO CORPORATION, a Delaware corporation (“AGCO”), AGCO CANADA, LTD., a
Saskatchewan corporation (“Canadian Subsidiary”), AGCO LIMITED, an English corporation
(“English Subsidiary One”), AGCO INTERNATIONAL LIMITED, an English corporation
(“English Subsidiary Two”), AGCO HOLDING B.V., a Netherlands corporation (“Netherlands
Subsidiary”), AGCO DEUTSCHLAND HOLDING LIMITED & CO. KG, a German limited partnership
(“German Subsidiary”), and VALTRA HOLDING OY, a Finnish limited liability company
(“Finnish Subsidiary”; AGCO, Canadian Subsidiary, English Subsidiary One, English
Subsidiary Two, Netherlands Subsidiary, German Subsidiary and Finnish Subsidiary are referred to
herein collectively as the “Borrowers” and individually as a “Borrower”); the
lenders (the “Lenders”) signatory hereto; COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK
B.A., “RABOBANK NEDERLAND”, CANADIAN BRANCH, as Canadian administrative agent for the Canadian
Lenders (together with any successor, in such capacity, the “Canadian Administrative
Agent”); and COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND”, NEW
YORK BRANCH, as administrative agent for the Lenders (together with any successor, in such
capacity, the “Administrative Agent”).

W I T N E S S E T H:

     WHEREAS, the Borrowers, the Administrative Agent, the Canadian Administrative Agent, the
Lenders, the Issuing Banks (as defined in the Credit Agreement), SunTrust Bank and Morgan Stanley
Senior Funding, Inc., as Co-Syndication Agents, and CoBank, ACB and The Bank of Tokyo-Mitsubishi,
Ltd., NY Branch, as Co-Documentation Agents, are parties to that certain Credit Agreement dated as
of December 22, 2003 (as amended by that certain First Amendment to Credit Agreement and Consent
dated as of April 12, 2004, as further amended by that certain Second Amendment to Credit Agreement
dated as of August 17, 2004, as further amended by that certain Third Amendment to Credit Agreement
dated as of March 21, 2005, as further amended by that certain Fourth Amendment to Credit Agreement
and Consent dated as of June 2, 2005, as further amended by that certain Fifth Amendment to Credit
Agreement dated as of March 22, 2006, as further amended by that certain Sixth Amendment to Credit
Agreement dated as of October 13, 2006 and as further amended, restated, supplemented or modified
from time to time, the “Credit Agreement”); and

     WHEREAS, the Borrowers have requested that certain terms and conditions of the Credit
Agreement be amended, and the Lenders signatory hereto, the Canadian Administrative Agent and the
Administrative Agent have agreed to the requested amendments on the terms and conditions set forth
herein;

 

 

     NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements
contained herein, the parties hereto hereby agree that all capitalized terms used but not defined
herein shall have the meanings ascribed to such terms in the Credit Agreement, and further agree as
follows:

     Section 1. Amendments

               (a) Amendment to Section 1.1. Section 1.1 of the Credit Agreement, Certain
Defined Terms, is hereby amended and modified by deleting the definitions of “Applicable
Capital Market Transaction Documents,” and “New Capital Market Transactions,” and by
substituting the following in lieu thereof:

     ““Applicable Capital Market Transaction Documents” means,
collectively, as of any date, the Convertible Note Documents, the Existing 2008
Note Documents, the New Senior Subordinated Note Documents, the New Convertible
Note Documents and, after the issuance of the 2006 Subordinated Notes, the 2006
Subordinated Note Documents, and any other document governing the Capital Market
Transactions that are in effect and binding on AGCO, as of such date of
determination.”

     ““New Capital Market Transactions” means, collectively, the
transactions contemplated by the Convertible Note Documents, the New Senior
Subordinated Note Documents, the New Convertible Note Documents, and, after
issuance of the 2006 Subordinated Notes, the 2006 Subordinated Note Documents,
together with any issuance of common stock by AGCO prior to the Initial Funding
Date.”

               (b) Amendment to Section 1.1. Section 1.1 of the Credit Agreement, Certain
Defined Terms, is hereby further amended and modified by inserting the following definitions in
appropriative alphabetical order therein:

     ““2006 Subordinated Note Documents” means the 2006 Subordinated Note
Indenture, the 2006 Subordinated Notes and such other documents and instruments
executed by AGCO in connection therewith, in each case in form and substance
satisfactory to the Administrative Agent.”

     ““2006 Subordinated Note Indenture” means the Indenture by and among
AGCO, as issuer, and the 2006 Subordinated Note Trustee, as trustee, executed in
connection with the issuance of the 2006 Subordinated Notes, having subordination
provisions identical to the New Senior Subordinated Note Indenture and otherwise
in form and substance reasonably satisfactory to the Administrative Agent and as
may be amended, modified and supplemented from time to time.”

-2-

 

     ““2006 Subordinated Notes” means those certain subordinated notes in
a principal amount not to exceed U.S. $250,000,000, to be issued by AGCO during
the fiscal quarter ending December 31, 2006 pursuant to the 2006 Subordinated Note
Indenture, which are subordinated to the Obligations on the same terms as the New
Senior Subordinated Notes and are otherwise issued on terms and conditions as are
reasonably acceptable to the Administrative Agent.”

     ““2006 Subordinated Note Trustee” means the trustee under the 2006
Subordinated Note Indenture, including any successor trustee thereunder.”

               (c) Amendment to Section 4.1. Section 4.1 of the Credit Agreement, Representation
and Warranties of Borrowers, is hereby amended and modified by deleting section (k) thereof in
its entirety and by substituting the following in lieu thereof:

          “(k) Senior Indebtedness. All Borrowings under this Agreement will be “Senior
Indebtedness,” under and as defined in the Convertible Note Indenture and the New
Convertible Note Indenture. Upon the making of the initial Loans hereunder and the
delivery of the notice specified in Section 3.2(q)(xii) hereof, this Agreement and all Loan
Documents shall be (i) the “Bank Credit Agreement,” as defined in the Existing 2008 Note
Indenture and the Convertible Note Indenture, and (ii) a “Designated Credit Facility”, as
defined in the New Senior Subordinated Note Documents. This Agreement and all Loan
Documents shall be the “Bank Credit Agreement,” as defined in the New Convertible Note
Indenture. Upon the issuance of the 2006 Subordinated Notes, (i) this Agreement and all
Loan Documents shall be the “Bank Credit Agreement” or such other similar term as used in
the 2006 Subordinated Note Indenture and (ii) the Obligations shall constitute “Senior
Indebtedness” or such other similar term used in the 2006 Subordinated Note Indenture.

               (d) Amendment to Section 7.13. Section 7.13 of the Credit Agreement, Prepayment
of Indebtedness, is hereby amended and modified by deleting such Section in its entirety and by
substituting the following in lieu thereof:

          “Section 7.13 Prepayments of Indebtedness. From and after the Initial Funding Date,
AGCO shall not, and shall not permit its Restricted Subsidiaries to, prepay, redeem, defease or
purchase in any manner, or deposit or set aside funds for the purpose of any of the foregoing, make
any payment in respect of principal of, or make any payment in respect of interest on, any Funded
Debt, except AGCO and its Restricted Subsidiaries may (a) make regularly scheduled payments of
principal or interest required in accordance with the terms of the Applicable Capital Market
Transaction Documents or the terms of the documents evidencing other Funded Debt permitted
hereunder, (b) prepay Indebtedness pursuant to refinancings permitted pursuant to Section 7.1(c),
(c)

-3-

 

prepay the Existing Capital Market Transactions and the Bridge Facility from the Net Cash
Proceeds received from the issuance of common stock of AGCO, (d) redeem any convertible notes
issued pursuant to the Capital Market Transactions provided that (i) any such redemption is
mandatory and results from the exercise of a right of conversion by the holders of such notes
pursuant to the Applicable Capital Market Transaction Documents, and (ii) at the time of such
redemption, no Default or Event of Default shall have occurred and be continuing or would result
therefrom, and (e) redeem or prepay the Existing 2008 Notes provided that at the time of
such redemption or prepayment of the Existing 2008 Notes, no Default or Event of Default shall have
occurred and be continuing or would result therefrom.”

               (e) Section 7.18 of the Credit Agreement, Financial Covenants, is hereby amended and
modified by deleting subsection (b), Senior Debt Ratio, in its entirety and by substituting
the following in lieu thereof:

     “(b) Senior Debt Ratio. AGCO shall not allow, as of the end of each
fiscal quarter of AGCO, the Senior Debt Ratio to exceed the ratio set forth below
for the applicable fiscal quarter corresponding thereto:

	 	 	 
	Fiscal Quarters Ending:	 	Ratio:
	From December 31, 2003 through September 30, 2004

	 	3.70 to 1.00
	December 31, 2004 through September 30, 2005

	 	3.50 to 1.00
	December 31, 2005

	 	3.00 to 1.00
	March 31, 2006 through September 30, 2006

	 	3.25 to 1.00
	December 31, 2006 through September 30, 2007

	 	3.00 to 1.00
	December 31, 2007 and thereafter

	 	2.75 to 1.00

     provided, however, if AGCO issues the 2006 Subordinated Notes, then,
notwithstanding anything to the contrary contained in this Section 7.18(b), for all fiscal quarters
of AGCO ending on December 31, 2006 and thereafter, AGCO shall not allow, as of the end of such
fiscal quarter, the Senior Debt Ratio to exceed the ratio set forth below for the applicable fiscal
quarter corresponding thereto:

-4-

 

	 	 	 
	Fiscal Quarters Ending:	 	Ratio:
	December 31, 2006 through September 30, 2007

	 	2.75 to 1.00
	December 31, 2007 and thereafter

	 	2.50 to 1.00

     Section 2. Representations and Warranties. Each of AGCO and the other Borrowers
represents and warrants as follows:

               (a) The execution, delivery and performance by each Borrower of this Amendment and the other
transactions contemplated hereby, are within such Borrower’s corporate powers, have been duly
authorized by all necessary corporate action, and do not (i) contravene such Borrower’s charter or
bylaws; (ii) violate any Applicable Law (including, without limitation, to the extent applicable,
the Securities Exchange Act of 1934, the Racketeer Influenced and Corrupt Organizations Chapter of
the Organized Crime Control Act of 1970 and any similar statute); (iii) conflict with or result in
the breach of, or constitute a default under, any contract, loan agreement, indenture, mortgage,
deed of trust, lease or other instrument binding on or affecting any Borrower, any of its
Subsidiaries or any of their properties (including any of the Applicable Capital Market Transaction
Documents); or (iv) except for Permitted Liens, result in or require the creation or imposition of
any Lien upon or with respect to any of the properties of any Borrower or any of its Restricted
Subsidiaries;

               (b) No authorization or approval or other action by, and no notice to or filing with, any
Governmental Authority or regulatory body or any other third party is required for the due
execution, delivery or performance by any Borrower of this Amendment and each other Loan Document
contemplated hereby to which it is or is to be a party;

               (c) This Amendment and each other document required to be delivered by a Borrower hereunder
has been duly executed and delivered by each Borrower thereto, and constitutes the legal, valid and
binding obligation of each Borrower thereto, enforceable against such Borrower in accordance with
its terms;

               (d) The representations and warranties contained in Article 4 of the Credit Agreement, and in
each of the other Loan Documents, are true and correct on and as of the date hereof as though made
on and as of such date, other than (i) any such representations and warranties that, by their
terms, expressly refer to an earlier date, and (ii) as a result of changes permitted by the terms
of the Credit Agreement; and

-5-

 

               (e) After giving effect hereto, no event has occurred and is continuing which constitutes an
Event of Default or would constitute an Event of Default but for the requirement that notice be
given or time elapse or both.

     Section 3. Conditions Precedent to Effectiveness of this Amendment. This Amendment
shall be effective as of the date first set forth above when the Administrative Agent shall have
received, in form and substance satisfactory to it, each of the following:

               (a) this Amendment, duly executed by the Borrowers, the Canadian Administrative Agent and the
Administrative Agent, and Lender Addenda, in the form attached hereto, duly executed by the
Required Lenders; and

               (b) the delivery of such other documents, instruments and information, as the Administrative
Agent may reasonably request.

     Section 4. Reference to and Effect on the Credit Agreement. Upon the effectiveness of
this Amendment as set forth in Section 3 hereof, on and after the date hereof, each reference in
the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import
shall mean and be a reference to the Credit Agreement as amended hereby, and each reference in the
Notes and the other Loan Documents to the Credit Agreement shall mean and be a reference to the
Credit Agreement as amended hereby.

     Section 5. Reaffirmation of Guaranty. By executing this Amendment, each Guarantor
hereby acknowledges, consents and agrees that all of its obligations and liability under the
Guaranty Agreements to which it is a party remain in full force and effect, and that the execution
and delivery of this Amendment and any and all documents executed in connection therewith shall not
alter, amend, reduce or modify its obligations and liability under such Guaranty Agreements or any
of the other Loan Documents to which it is a party.

     Section 6. Costs, Expenses and Taxes. The Borrowers agree, jointly and severally, to
pay on demand all costs and expenses of the Administrative Agent in connection with the
preparation, execution and delivery of this Amendment and the other instruments and documents to be
delivered hereunder (including, without limitation, the fees and expenses of counsel for the
Administrative Agent with respect thereto).

     Section 7. No Other Amendments. Except as otherwise expressed herein, the execution,
delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or
remedy of the Agents or the Lenders under the Credit Agreement, or any of the other Loan Documents,
nor constitute a waiver of any provision of the Credit Agreement or any of the other Loan
Documents. Except for the amendments set forth above, the text of the Credit Agreement and all
other Loan Documents shall remain unchanged and in full force and effect and the Borrowers hereby
ratify and confirm their respective obligations thereunder. This Amendment shall not constitute a
modification of

-6-

 

the Credit Agreement or a course of dealing with the Administrative Agent at variance with the
Credit Agreement such as to require further notice by the Administrative Agent to require strict
compliance with the terms of the Credit Agreement and the other Loan Documents in the future,
except as expressly set forth herein. The Borrowers acknowledge and expressly agree that the
Agents and the Lenders reserve the right to, and do in fact, require strict compliance with all
terms and provisions of the Credit Agreement and the other Loan Documents (in each case as amended
hereby).

     Section 8. Execution in Counterparts. This Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed to be an original and
all of which taken together shall constitute but one and the same instrument. Delivery of a
signature page hereto by facsimile transmission or via email transmission of an Adobe portable
document format file (also known as a “PDF File”) shall be as effective as delivery of a manually
executed counterpart hereof.

     Section 9. Delivery of Lender Addenda. Each Lender executing this Amendment shall do
so by delivering to the Administrative Agent a Lender Addendum, substantially in the form of Annex
I attached hereto, duly executed by such Lender.

     Section 10. Governing Law. This Amendment shall be governed by, and construed in
accordance with, the laws (without giving effect to the conflicts of laws principles thereof) of
the State of New York.

     Section 11. Final Agreement. This Amendment represents the final agreement between
the Borrowers, the Administrative Agent, the Canadian Administrative Agent and the Lenders as to
the subject matter hereof 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. The Amendment shall constitute a Loan Document for all purposes.

[the remainder of the page is intentionally blank]

-7-

 

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

BORROWERS:

	 	 	 	 	 	 	 
	 	 	AGCO CORPORATION
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	AGCO CANADA, LTD.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	AGCO LIMITED
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	AGCO INTERNATIONAL LIMITED
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	AGCO HOLDING B.V.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

[SIGNATURES CONTINUED ON FOLLOWING PAGE]

Seventh Amendment to Credit Agreement

Signature Page 1

 

 

	 	 	 	 	 	 	 
	 	 	AGCO DEUTSCHLAND HOLDING
	 	 	LIMITED & CO. KG
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	VALTRA HOLDING OY
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	GUARANTORS:	 	VALTRA DEUTSCHLAND GMBH
	 	 	(formerly known as RM 2379
	 	 	VERMÖGENSVERWALTUNGS GMBH)
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	AGCO VERTRIEBS GMBH
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

Seventh Amendment to Credit Agreement

Signature Page 2

 

 

	 	 	 	 	 	 	 
	 	 	AGCO GMBH
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	AGCO FRANCE S.A.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	AGCO S.A.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	VALTRA TRACTEURS FRANCE S.A.S.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	VALTRA INTERNATIONAL B.V.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

Seventh Amendment to Credit Agreement

Signature Page 3

 

 

	 	 	 	 	 	 	 
	 	 	MASSEY FERGUSON CORP.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	AGCO EQUIPMENT COMPANY
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	SUNFLOWER MANUFACTURING COMPANY, INC.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	AGCO MANUFACTURING LTD.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	AGCO SERVICES LTD.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

Seventh Amendment to Credit Agreement

Signature Page 4

 

 

	 	 	 	 	 	 	 
	 	 	VALTRA VUOKRAUS OY
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	AGCO DO BRASIL COMERCIA E INDUSTRIA LTDA.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	VALTRA DO BRASIL LTDA.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	EXPORT MARKET SERVICES LLC
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

[SIGNATURES CONTINUED ON FOLLOWING PAGE]

Seventh Amendment to Credit Agreement

Signature Page 5

 

 

	 	 	 	 	 	 	 
	AGENTS, ISSUING BANKS	 	COÖPERATIEVE CENTRALE RAIFFEISEN-
	AND SWING LINE BANK:	 	BOERENLEENBANK B.A., “RABOBANK
	 	 	NEDERLAND,” NEW YORK BRANCH, as
	 	 	Administrative Agent and
	 	 	Multi-Currency Issuing Bank
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	COÖPERATIEVE CENTRALE RAIFFEISEN-
	 	 	BOERENLEENBANK B.A., “RABOBANK
	 	 	NEDERLAND,” CANADIAN BRANCH, as
	 	 	Canadian Administrative Agent and Canadian
	 	 	Issuing Bank
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	LENDERS:	 	See each Lender Addendum attached hereto

Seventh Amendment to Credit Agreement

Signature Page 7

 

 

LENDER ADDENDUM

          Reference is made to the Credit Agreement dated as of December 22, 2003 (as amended by that
certain First Amendment to Credit Agreement and Consent dated as of April 12, 2004, as further
amended by that certain Second Amendment to Credit Agreement dated as of August 17, 2004, as
further amended by that certain Third Amendment to Credit Agreement dated as of March 21, 2005 as
further amended by that certain Fourth Amendment to Credit Agreement and Consent dated as of June
2, 2005, as further amended by that certain Fifth Amendment to Credit Agreement dated as of March
22, 2006, as further amended by that certain Sixth Amendment to Credit Agreement dated as of
October 13, 2006 and as further amended, restated, supplemented or modified from time to time, the
“Credit Agreement”) among AGCO Corporation, AGCO Canada Ltd., AGCO Limited, AGCO
International Limited, AGCO Holding B.V., AGCO Deutschland Holding Limited & Co. KG and Valtra
Holding Oy (collectively, the “Borrowers”), the lenders signatory thereto (together with
any other financial institution that subsequently becomes a Lender thereunder, the
“Lenders”), the Issuing Banks (as defined in the Credit Agreement), Coöperatieve Centrale
Raiffeisen-Boerenleenbank B.A., “Rabobank Nederland”, Canadian Branch, as Canadian Administrative
Agent, SunTrust Bank and Morgan Stanley Senior Funding, Inc., as Co-Syndication Agents, CoBank, ACB
and The Bank of Tokyo-Mitsubishi, Ltd., NY Branch, as Co-Documentation Agents, and Coöperatieve
Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank Nederland”, New York Branch, as the
Administrative Agent (the “Administrative Agent”). Capitalized terms used herein without
definition shall have the respective meanings ascribed to those terms in the Credit Agreement.

          Upon execution and delivery of this Lender Addendum by the undersigned Lender, the undersigned
Lender hereby consents to and agrees with all of the terms and conditions contained in, and shall
become a party to, the Seventh Amendment to Credit Agreement dated as of November 27, 2006.

          THIS LENDER ADDENDUM SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH,
THE LAW OF THE STATE OF NEW YORK.

          This Lender Addendum may be executed by one or more of the parties hereto on any number of
separate counterparts, and all of said counterparts taken together shall be deemed to constitute
one and the same instrument. Delivery of an executed signature page hereof by facsimile
transmission or via email transmission of an Adobe portable document file (also known as a “PDF
File”) shall be effective as delivery of a manually executed counterpart hereof.

[The remainder of this page is intentionally left blank.]

 

 

          IN WITNESS WHEREOF, the parties hereto have caused this Lender Addendum to be duly executed
and delivered by their proper and duly authorized officers effective as of the date set forth
herein.

	 	 	 	 	 	 	 
	 	 	[NAME OF LENDER]
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

Lender Addendum

Signature Page<PAGE>
                                                                     EXHIBIT 4.6

                             SUPPLEMENTAL INDENTURE

            This Supplemental Indenture, dated as of November 29, 2006 (this
"SUPPLEMENTAL INDENTURE" or "GUARANTEE"), among NOVELIS FINANCES USA LLC,
ALUMINUM UPSTREAM HOLDINGS LLC and NOVELIS SOUTH AMERICA HOLDINGS LLC (each a
"NEW SUBSIDIARY GUARANTOR"), Novelis Inc. (together with its successors and
assigns, the "COMPANY" or the "ISSUER"), each other existing Guarantor under the
Indenture referred to below (the "SUBSIDIARY GUARANTORS"), and The Bank of New
York Trust Company, N.A., as Trustee under this Indenture referred to below.

                                   WITNESSETH:

            WHEREAS, the Issuer, the Subsidiary Guarantors and the Trustee have
heretofore executed and delivered an Indenture, dated as of February 3, 2005 (as
amended, supplemented, waived or otherwise modified, the "INDENTURE"), providing
for the issuance of Notes of the Issuer (the "NOTES");

            WHEREAS, Section 4.18 of this Indenture provides that the Company is
required to cause certain of its Subsidiaries to execute and deliver to the
Trustee a supplemental indenture pursuant to which the Subsidiaries will
unconditionally Guarantee, on a joint and several basis with the other
Subsidiary Guarantors, the full and prompt payment of the principal of, premium,
if any, and interest on the Notes on a senior basis; and

            WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee and
the Issuer are authorized to execute and deliver this Supplemental Indenture to
amend or supplement this Indenture, without the consent of any Holder;

            NOW, THEREFORE, in consideration of the foregoing and for other good
and valuable consideration, the receipt of which is hereby acknowledged, the New
Subsidiary Guarantor, the Issuer, the other Subsidiary Guarantors and the
Trustee mutually covenant and agree for the equal and ratable benefit of the
Holders as follows:

                                    ARTICLE I

                                   DEFINITIONS

            SECTION 1.1 Defined Terms. As used in this Supplemental Indenture,
terms defined in this Indenture or in the preamble or recital hereto are used
herein as therein defined, except that the term "HOLDERS" in this Guarantee
shall refer to the term "HOLDERS" as defined in this Indenture and the Trustee
acting on behalf or for the benefit of such Holders. The words herein," "hereof"
and "hereby" and other words of similar import used in this Supplemental
Indenture refer to this Supplemental Indenture as a whole and not to any
particular section hereof.

<PAGE>

                                   ARTICLE II

                        AGREEMENT TO BE BOUND; GUARANTEE

            SECTION 2.1 Agreement to be Bound. The New Subsidiary Guarantor
hereby becomes a party to this Indenture as a Subsidiary Guarantor and as such
will have all of the rights and be subject to all of the obligations and
agreements of a Guarantor under this Indenture. The New Subsidiary Guarantor
agrees to be bound by all of the provisions of this Indenture applicable to a
Subsidiary Guarantor and to perform all of the obligations and agreements of a
Subsidiary Guarantor under this Indenture.

            SECTION 2.2 Guarantee. The New Subsidiary Guarantor agrees, on a
joint and several basis with all the existing Subsidiary Guarantors, to fully,
unconditionally and irrevocably Guarantee to each Holder and the Trustee the
Obligations on a senior basis as provided in Article Ten of the Indenture, (a)
the due and punctual payment of the principal of, premium, if any, and interest
and Special Interest, if any, on the Notes, whether at maturity, by
acceleration, redemption or otherwise, the due and punctual payment of interest
on overdue principal and premium, if any, and, to the extent permitted by law,
interest and Special Interest, if any, and the due and punctual performance of
all other obligations of the Company to the Holders or the Trustee all in
accordance with the terms of the Indenture and (b) in case of any extension of
time of payment or renewal of any Notes or any of such other obligations, that
the same will be promptly paid in full when due or performed in accordance with
the terms of the extension or renewal, whether at stated maturity, by
acceleration or otherwise. The obligations of the New Subsidiary Guarantors to
the Holders, in their capacities as such, of Notes and to the Trustee pursuant
to the Guarantee and the Indenture are expressly set forth in the Indenture,
including Article 10 and Schedule A thereto, and reference is hereby made to the
Indenture for the precise terms and any limitations of the Guarantee. This
Guarantee is subject to release as and to the extent set forth in Sections 8.02,
8.03 and 10.05 of the Indenture. Each Holder of a Note, by accepting the same
agrees to and shall be bound by such provisions. Capitalized terms used herein
and not defined are used herein as so defined in the Indenture.

                                   ARTICLE III

                                  MISCELLANEOUS

            SECTION 3.1 Notices. All notices and other communications to the
Subsidiary Guarantor shall be given as provided in this Indenture to the
Subsidiary Guarantor, at its address set forth below, with a copy to the Issuer
as provided in this Indenture for notices to the Issuer.

            SECTION 3.2 Parties. Nothing expressed or mentioned herein is
intended or shall be construed to give any Person, firm or corporation, other
than the Holders and the Trustee, any legal or equitable right, remedy or claim
under or in respect of this Supplemental Indenture or this Indenture or any
provision herein or therein contained.

<PAGE>

            SECTION 3.3 THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

            SECTION 3.4 Severability Clause. In case any provision in this
Supplemental Indenture shall be invalid, illegal or unenforceable in any
jurisdiction shall, as to such jurisdiction be ineffective to the extent of such
invalidity, illegality or unenforceability without affecting the validity,
legality and enforceability of the remaining provisions; and the invalidity of a
particular provision in a particular jurisdictions shall not invalidate such
provision in any other jurisdiction.

            SECTION 3.5 Ratification of Indenture; Supplemental Indentures Part
of Indenture. Except as expressly amended hereby, this Indenture is in all
respects ratified and confirmed and all the terms, conditions and provisions
thereof shall remain in full force and effect. This Supplemental Indenture shall
form a part of this Indenture for all purposes, and every Holder heretofore or
hereafter authenticated and delivered shall be bound hereby. The Trustee makes
no representation or warranty as to the validity or sufficiency of this
Supplemental Indenture.

            SECTION 3.6 Counterparts. The parties hereto may sign one or more
copies of this Supplemental Indenture in counterparts, each of which shall
constitute an original, but all of which when taken together shall constitute
one and the same agreement.

            SECTION 3.7 Headings. The headings of the Articles and the sections
in this Supplemental Indenture are for convenience of reference only, are not
part of this Supplemental Indenture and shall not be deemed to alter or affect
the meaning or interpretation of any provisions hereof.

            IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed as of the date first above written.

                                     COMPANY:

                                     NOVELIS INC.

                                     By: /s/ Orville Lunking
                                        ---------------------------------------
                                     Name: Orville Lunking
                                     Title: Vice President and Treasurer

                                     NEW SUBSIDIARY GUARANTORS:

                                     NOVELIS FINANCES USA LLC

                                     By: /s/ David Kennedy
                                        ---------------------------------------
                                     Name: David Kennedy
                                     Title: Director and President

<PAGE>

                                     ALUMINUM UPSTREAM HOLDINGS LLC

                                     By: /s/ Orville Lunking
                                        ---------------------------------------
                                     Name: Orville Lunking
                                     Title: Vice President and Treasurer

                                     NOVELIS SOUTH AMERICA HOLDINGS LLC

                                     By: /s/ Orville Lunking
                                        ---------------------------------------
                                     Name: Orville Lunking
                                     Title: Vice President and Treasurer

                                     TRUSTEE

                                     THE BANK OF NEW YORK TRUST COMPANY, N.A.

                                     By: /s/ Stefan Victory
                                        ---------------------------------------
                                     Name: Stefan Victory
                                     Title: Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]