Document:

Prepared by R.R. Donnelley Financial -- Third Amendment to Refinancing Fee Letter

  
 Exhibit 10.41 
  
 THIRD AMENDMENT TO REFINANCING FEE LETTER 
  
 THIRD AMENDMENT TO REFINANCING FEE LETTER (this “Amendment”), dated as of December 29, 2000, among U.S.I. HOLDINGS CORPORATION, a Delaware corporation (the “Borrower”), CREDIT LYONNAIS CAYMAN ISLAND BRANCH
(“CLCIB”), THE CHASE MANHATTAN BANK (“CMB”) and CHASE SECURITIES INC. (“CSI”). All capitalized terms used herein and not otherwise defined shall have the respective meanings assigned to such terms in the Refinancing Fee
Letter or the Credit Agreement referred to below. 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Borrower, CLCIB, CMB and CSI are parties to a Refinancing Fee Letter, dated February 23, 1999 (as amended, modified or
supplemented to the date hereof, the “Refinancing Fee Letter”); and 
  
 WHEREAS, the Borrower, CLCIB, CMB
and CSI have agreed to amend certain provisions of the Refinancing Fee Letter as herein provided; 
  
 NOW, THEREFORE,
the parties hereto agree as follows: 
  
 1.    The Refinancing Fee Letter is hereby amended by
inserting the following new Sections IV and V therein immediately following Section III thereof: 
  
 “IV.    Alternative Financing 
  
 If prior to June 30, 2002,
the Company sells, places or issues debt securities or incurs bank financing (such debt securities or bank financing, the “Alternative Financing”), in any such case pursuant to a transaction which is not arranged by either of the Agents or
any of their affiliates, then the Company shall be obligated to pay CLCIB and CMB (to be shared equally) a fee equal to 3.00% of the lesser of (i) gross proceeds received by the Company and its subsidiaries from such Alternative Financing and (ii)
the amount of the Loans outstanding immediately prior to such Alternative Financing, such fee to be due and payable on the date such debt securities are sold, placed or issued or such bank financing is consummated; provided that such fee shall not
be payable if the Company has provided the Agents or their affiliates with a reasonable opportunity to provide the Company with bank financing and/or debt securities on substantially similar terms as those of the Alternative Financing, and the
Agents or their affiliates have declined to provide such bank financing. 
  
 V.    Structuring and
Arrangement and Amendment 
  
 “The Company hereby agrees to pay to CLCIB and CSI (to be shared
equally) a non-refundable structuring and arrangement fee equal to .75% on the sum of the total Revolving Credit Commitments (as defined in the Credit Agreement) and the aggregate outstanding principal amount of the Term Loans (as defined in the
Credit Agreement) as of the Second Amendment Effective Date (as defined in the Second Amendment), with such fees to be earned on the Second Amendment Effective Date (as defined in the Second Amendment) and payable on the Business Day immediately
thereafter. 

  
 The Company hereby agrees to pay a non-refundable amendment fee
equal to .25% on the sum of the total Revolving Credit Commitments (as defined in the Credit Agreement) and the aggregate outstanding principal amount of the Term Loans (as defined in the Credit Agreement) as of the Second Amendment Effective Date
(as defined in the Second Amendment), with such fees to be earned on the Second Amendment Effective Date (as defined in the Second Amendment) and payable on the Business Day immediately thereafter and to be paid to CLCIB, on behalf of the Lenders
and to be distributed to such Lenders on a pro rata basis based upon their respective outstanding Term Loans and Revolving Credit Commitments as of the Second Amendment Effective Date. 
  
 The Company hereby agrees to pay to CLCIB and CSI (to be shared equally) a non-refundable structuring and arrangement fee equal to 1.00% on the sum of the
total Revolving Credit Commitments (as defined in the Credit Agreement) and the aggregate outstanding principal amount of the Term Loans (as defined in the Credit Agreement) thirty days prior to the date of termination of the Commitments (as defined
in the Credit Agreement) with such fees to be earned on the date of termination of the Commitments (as defined in the Credit Agreement) and payment in full of all amounts owing under the Credit Agreement, and payable on the Business Day immediately
thereafter.” 
  
 2.    Sections IV and V of the Refinancing Fee Letter are hereby
redesignated as Sections VI and VII, respectively. 
  
 3.    This Amendment is limited as
specified and shall not constitute a modification, acceptance or waiver of any provision of the Refinancing Fee Letter except as expressly set forth herein. Except as modified hereby, the Refinancing Fee Letter remains in full force and effect.

  
 4.    This Amendment may be executed in any number of counterparts and by the different
parties hereto on separate counterparts, each of which counterparts when executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. A complete set of counterparts shall be lodged with the
Borrower, CLCIB, CMB and CSI. 
  
 5.    THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 
  
 6.    This Amendment shall become effective as of the date hereof on the date (the “Third Amendment Effective Date”) when each of the Borrower, CLCIB, CMB and CSI shall have signed a counterpart hereof
(whether the same or different counterparts) and shall have delivered (including by way of facsimile transmission) the same to CLCIB, CMB and CSI at their respective notice offices. 
  
 7.    From and after the Third Amendment Effective Date, all references in the Refinancing Fee Letter shall be deemed to be references to the
Refinancing Fee Letter after giving effect to this Amendment. 
 

 2 

 IN WITNESS WHEREOF, the parties hereto have caused a counterpart of this Amendment to be duly executed and delivered as
of the date first above written. 
  
 
	 U.S.I. HOLDINGS CORPORATION
 
	  	 	  
	 By:
 	 	     /s/    Bernard Mizel
 

	  	 	 Name: Bernard Mizel
 
	  	 	 Title:   Chairman & CEO
 
	  	 	  
	 CREDIT LYONNAIS CAYMAN ISLAND BRANCH
 
	  	 	  
	 By:
 	 	     /s/    W. Michael George
 

	  	 	 Name: W. Michael George
 
	  	 	 Title:   Authorized Signature
 
	  	 	  
	 THE CHASE MANHATTAN BANK
 
	  	 	  
	 By:
 	 	     /s/    Elizabeth H. Schwabe
 

	  	 	 Name: Elizabeth H. Schwabe
 
	  	 	 Title:   Managing Director
 
	  	 	  
	 CHASE SECURITIES INC.
 
	  	 	  
	 By:
 	 	     /s/    Isolde O’Hanlon
 

	  	 	 Name: Isolde O’Hanlon
 
	  	 	 Title:
 

 
 

 3Prepared by R.R. Donnelley Financial -- FEE LETTER

  
 Exhibit 10.42 
  
 
	 CREDIT LYONNAIS CAYMAN ISLAND BRANCH
 1301 AVENUE OF THE
AMERICAS
 NEW YORK, NEW YORK 10019
 	    	 J. P. MORGAN CHASE BANK
 270 PARK AVENUE
 NEW YORK, NEW YORK 10017
 

 
  
 March 29, 2002 
  

U.S.I. Holdings Corporation 
 50 California Street 
 24th Floor 
 San Francisco, CA 94111 
  
 
	 Attention:
 	 	 Mr. David L. Eslick
 
	  	 	 Chairman and Chief Executive Officer
 

 
  
  
 FEE LETTER 

 
 Re:    Fifth Amendment to Credit Agreement 
  
 Ladies and Gentlemen: 
  
 Reference is made to (i) the Credit
Agreement, dated as of September 17, 1999, among U.S.I. Holdings Corporation, a Delaware corporation (the “Borrower”), the lenders from time to time party thereto (each a “Lender” and collectively, the “Lenders”),
Credit Lyonnais Cayman Island Branch (“Credit Lyonnais”), as Administrative Agent and JPMorgan Chase Bank. as successor to The Chase Manhattan Bank (“JPMorgan”), as Syndication Agent (as amended, modified or supplemented through
the date hereof, the “Credit Agreement”) and (ii) the Fifth Amendment to the Credit Agreement, dated as of December 31, 2001, among the Borrower, the Lenders, the Administrative Agent and the Syndication Agent (the “Fifth
Amendment”). All capitalized terms used herein and not otherwise defined herein shall have the respective meanings provided such terms in the Credit Agreement. 
  
 By your signature below, you agree to pay the following non-refundable fees: 
  

	Amendment fee: 
 	An amendment fee, to be earned by and payable to each Lender which approves the Fifth Amendment (other than Credit Lyonnais and JPMorgan), equal to 0.25% of the
sum of the total outstanding Term Loans and the Revolving Credit Commitment of each such Lender, in each case, as of the effective date of the Fifth Amendment (the “Fifth Amendment Effective Date”), which amendment fee shall be payable on
the Fifth Amendment Effective Date. 
 

 

	Arrangement Fee: 
 	An arrangement fee in an amount equal to $600,000 less any amounts paid to the Lenders pursuant to the caption “Amendment Fee” above, which arrangement
fee shall be earned by and payable to Credit Lyonnais and JPMorgan on the Fifth Amendment Effective Date. 
 

 

	Advisory Fee: 
 	An advisory fee in an amount equal to 1.00% of the sum of the total outstanding Term Loans and the Revolving Credit Commitment, in each case, as of December 31,
2002, 
 

 -2- 
  
 which advisory fee shall be earned by and payable to Credit Lyonnais and JPMorgan on December 31, 2002, if the Consolidated Total Debt Ratio is greater than 2.0x on such date. 
  

The arrangement fee and the advisory fee referred to above shall be paid 50% to Credit Lyonnais and 50% to JPMorgan. 
  
 This Fee Letter may not be amended or waived except by an instrument in writing signed by Credit Lyonnais, JPMorgan and you. This Fee
Letter shall be governed by, and construed in accordance with, the laws of the State of New York. This Fee Letter may be executed in any number of counterparts, each of which shall be an original, and all of which, when taken together, shall
constitute one agreement. Delivery of an executed signature page of this Fee Letter by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof. 
  
 This Fee Letter is delivered to you on the understanding that neither this Fee Letter nor any of its terms or substance shall be disclosed, directly or indirectly, to any
other person except (a) to your officers, agents and advisors who are directly involved in the consideration of this matter or (b) as may be compelled in a judicial or administrative proceeding or as otherwise required by law (in which case you
agree to inform us promptly thereof). 
  
 *     *     * 
  

 -3- 
  
 If you are in agreement with the foregoing, please sign and return the enclosed counterpart of this letter. 
  
  
  
 
	 Very truly yours,
 

 
  
  
  
 
	 CREDIT LYONNAIS CAYMAN ISLAND BRANCH
 
	 
	 By:
 	 	   /S/    W. MICHAEL GEORGE
 

	  	 	 Name:    W. Michael George
 Title:      Authroized Signature
 

 
  
  
  
 
	 JPMORGAN CHASE BANK
 
	 
	 By:
 	 	   /s/    Elisabeth Schwabe
 

	  	 	 Name:     Elisabeth Schwabe
 Title:      Managing Director
 

 
  
  
 AGREED AND ACCEPTED: 
  
 U.S.I. HOLDINGS CORPORATION 
  
 
	 
	 By:
 	 	   /s/    David L. Eslick
 

	  	 	 Name:    David L. Eslick
 Title:      Chairman & CEO

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