Document:

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                                                                     EXHIBIT 4.6
                           AMENDMENT NO. 5 AND WAIVER

     AMENDMENT No. 5 and WAIVER ("THIS AMENDMENT") dated as of October 20, 2000
relating to the Credit Agreement dated as of September 24, 1997 (the "CREDIT
AGREEMENT") among UNOVA, INC. (the "BORROWER"), the BANKS party thereto (the
"BANKS") and MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as Agent (the "AGENT").

     The parties hereto agree as follows:

     SECTION 1. Defined Terms; References. Unless otherwise specifically defined
herein, each term used herein which is defined in the Credit Agreement has the
meaning assigned to such term in the Credit Agreement. Each reference to
"hereof", "hereunder", "herein" and "hereby" and each other similar reference
and each reference to "this Agreement" and each other similar reference
contained in the Credit Agreement shall, after this Amendment becomes effective,
refer to the Credit Agreement as amended hereby.

     SECTION 2. Limited Waiver. (a) Subject to the conditions specified in
subsection (b), the Required Banks hereby waive compliance by the Borrower with
Section 5.05 of the Credit Agreement, and any Default arising from its failure
to comply with such Section, during the period from and including September 30,
2000 to but not including November 14, 2000.

     (b) The waiver granted pursuant to subsection (a) is subject to the
conditions that, and the Borrower hereby agrees that, so long as such waiver
remains in effect:

          (i) the aggregate outstanding principal amount of the Loans shall at
     no time exceed (A) prior to October 27, 2000, $225,000,000, (B) prior to
     November 3, 2000, $237,000,000, (C) prior to November 8, 2000, $245,000,000
     and (D) on November 8, 2000 and thereafter, $260,000,000;

          (ii) Consolidated Debt shall at no time exceed $500,000,000; and

          (iii) it shall not make any payment in respect of any Debt with the
     proceeds of the Loans.

     (c) The waiver granted pursuant to subsection (a) shall be limited
precisely as written, shall not constitute a waiver of compliance with, or a
Default

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arising under, any provision of the Credit Agreement except Section 5.05 and
shall not constitute a waiver of compliance with, or of a Default under, Section
5.05 at any time after such waiver ceases to be effective. Such waiver shall
cease to be effective at the earlier of (i) 12:01 A.M. (New York City time) on
November 14, 2000 and (ii) the time any condition specified in subsection (b)
ceases to be met.

     SECTION 3. Certain Amendments to Credit Agreement. (a) Section 4.04(c) of
the Credit Agreement is hereby amended by replacing the reference to "September
30, 1999" with "June 30, 2000".

     (b) The Pricing Schedule attached to the Credit Agreement (the "EXISTING
PRICING SCHEDULE") is deleted and replaced by the Pricing Schedule attached to
this Amendment (the "NEW PRICING SCHEDULE"). The New Pricing Schedule shall
apply to interest and fees accruing under the Credit Agreement on and after the
date hereof. The Existing Pricing Schedule shall continue to apply to interest
and fees accruing under the Credit Agreement prior to the date hereof.

     SECTION 4. Representations of Borrower. The Borrower represents and
warrants that (i) the representations and warranties of the Borrower set forth
in Article 4 of the Credit Agreement will be true on and as of the Amendment
Effective Date and (ii) no Default will have occurred and be continuing on such
date.

     SECTION 5. Governing Law. This Amendment shall be governed by and construed
in accordance with the laws of the State of New York.

     SECTION 6. Counterparts. This Amendment may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument.

     SECTION 7. Effectiveness. This Amendment shall become effective as of the
date hereof on the date when the following conditions are met (the "AMENDMENT
EFFECTIVE DATE"):

     (a) the Agent shall have received from each of the Borrower and Banks
comprising the Required Banks a counterpart hereof signed by such party or
facsimile or other written confirmation (in form satisfactory to the Agent) that
such party has signed a counterpart hereof; and

     (b) the Agent shall have received an amendment fee for the account of each
Bank from which the Agent shall have received a signed counterpart hereof (or
satisfactory confirmation of its signing a counterpart hereof) not later than
the date of satisfaction of the condition in clause (a) in an amount equal to
0.125% of such Bank's Commitment.

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

                                     UNOVA, INC.

                                     By: /s/ Elmer C. Hull, Jr.
                                         --------------------------------------
                                         Title: Vice President and Treasurer

                                       3
<PAGE>   4

                                            MORGAN GUARANTY TRUST
                                            COMPANY OF NEW YORK

                                            By: /s/ Robert R. Bottamedi
                                                -------------------------------
                                                Title: Vice President

                                            BANK OF AMERICA, N.A.

                                            By:
                                               ---------------------------------
                                               Title:

                                            THE BANK OF NEW YORK

                                            By: /s/ Robert Besser
                                                --------------------------------
                                                Title: Vice President

                                            THE CHASE MANHATTAN BANK

                                            By:
                                               ---------------------------------
                                               Title:

                                            CIBC INC.

                                            By: /s/ Carol Kizzia
                                                --------------------------------
                                                Title: Managing Director

                                       4
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                                           BANK ONE, NA
                                           (f/k/a THE FIRST NATIONAL BANK
                                           OF CHICAGO)

                                           By: /s/ Stephanie Mack
                                               --------------------------------
                                               Title: Commercial Banking Officer

                                           CREDIT SUISSE FIRST BOSTON

                                           By: /s/ James P. Moran
                                               ---------------------------------
                                               Title: Director

                                           By: /s/ Lalita Advani
                                               ---------------------------------
                                               Title: Assistant Vice President

                                           DRESDNER BANK A.G., NEW YORK BRANCH
                                           AND GRAND CAYMAN BRANCH

                                           By: /s/ Richard Morris
                                               ---------------------------------
                                               Title: Senior Vice President

                                           By: /s/ Xinyue Jasmine Geffner
                                               ---------------------------------
                                               Title: Assistant Vice President

                                       5
<PAGE>   6

                                         DEUTSCHE BANK AG NEW YORK BRANCH AND/OR
                                         CAYMAN ISLAND BRANCH

                                         By: /s/ Hans-Josef Thiele
                                             -----------------------------------
                                             Title: Director

                                         By: /s/ Jack Wesolek
                                             -----------------------------------
                                             Title: Assistant Vice President

                                         MELLON BANK, N.A.

                                         By: /s/ Lawrence C. Ivey
                                             -----------------------------------
                                             Title: First Vice President

                                         THE NORTHERN TRUST COMPANY

                                         By: /s/ David J. Mitchell
                                             -----------------------------------
                                             Title: Vice President

                                       6
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                                PRICING SCHEDULE

     The "EURO-DOLLAR MARGIN", "CD MARGIN", "BASE RATE MARGIN" and "FACILITY FEE
RATE" for any day are the respective percentages set forth below in the
applicable row:

         ------------------------------------------------
         Euro-Dollar Margin                        2.500%
         ------------------------------------------------
         CD Margin                                 2.625%
         ------------------------------------------------
         Base Rate Margin                          1.500%
         ------------------------------------------------
         Facility Fee Rate                         0.500%
         ------------------------------------------------

                                       7<PAGE>   1

                                                                    EXHIBIT 4.17

                           AMENDMENT NO. 4 AND WAIVER

               AMENDMENT NO. 4 AND WAIVER (this "Amendment and Waiver") dated as
of August 30, 2000 to the TRANSFER AND ADMINISTRATION AGREEMENT, dated as of
June 18, 1999 (as amended by Amendment No. 1 dated September 15, 1999, Amendment
No. 2 dated as of December 15, 1999, and Amendment No. 3 dated as of June 16,
2000, the "Agreement"), by and among KCH FUNDING, L.L.C., a Delaware limited
liability company, as transferor (in such capacity, the "Transferor"), UNOVA,
INC., a Delaware corporation, as the parent of the Transferor (in such capacity,
the "Parent") and as servicer (in such capacity the "Servicer"), ENTERPRISE
FUNDING CORPORATION, a Delaware corporation (the "Company"), BANK OF AMERICA
N.A., a national banking association ("Bank of America"), as Lead Arranger, as
agent for the Company and the Bank Investors (in such capacity, the "Agent"), as
Administrative Agent and as Bank Investor.

                             PRELIMINARY STATEMENTS

               WHEREAS, the parties hereto have entered into the Agreement
whereby the Transferor may convey, transfer, and assign from time to time
undivided interests in certain accounts receivable, and the Company may, and the
Bank Investors, if requested, shall accept such conveyance, transfer and
assignment of such undivided percentage interests, subject to the terms and
conditions of the Agreement; and

               WHEREAS, the parties to the Agreement desire to make certain
amendments to the Agreement.

               NOW, THEREFORE, the parties hereby agree as follows:

               1. Definitions. Except as otherwise stated herein, capitalized
terms not defined herein shall have the respective meanings assigned to them in
the Agreement.

               2. Waiver. Subject to the satisfaction of the conditions set
forth in Section 5 hereof, the Company and the Agent hereby agree to waive the
Termination Event under Section 7.1(h)(ii) of the Agreement occurring during the
month of July 2000.

               3. Amendments to the Agreement.

                      (a) Section 1.1 of the Agreement is hereby amended by
amending the definition of "Facility Limit" to read in its entirety as follows:

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                      "Facility Limit" means $92,310,000 provided that such
                      amount may not at any time exceed the aggregate
                      Commitments at any time in effect.

                      (b) Section 1.1 of the Agreement is further amended by
amending the definition of "Maximum Net Investment" to read in its entirety as
follows:

                      "Maximum Net Investment" means $90,500,000.

                      (c) The signature page of the Agreement is hereby amended
by changing the amount set forth opposite the signature of Bank of America,
N.A., as Agent and a Bank Investor, under the heading "Commitment" from
$102,000,000 to $92,310,000.

               4. Representations and Warranties. To induce the Company and the
Bank Investors to enter this Amendment and Waiver, each of the Transferor and
the Parent hereby represents and warrants (each as to itself) as of the
Effective Date (as hereinafter defined) that:

                      (a) it has the power, authority and legal right to make
and deliver this Amendment and Waiver and to perform its obligations under the
Agreement, as amended by this Amendment and Waiver, without any notice, consent,
approval or authorization not already obtained, and that it has taken all
necessary action to authorize the same.

                      (b) the making and delivery of this Amendment and Waiver
and the performance of the Agreement, as amended by this Amendment and Waiver,
do not violate any provision of law or any regulation, or its charter or
by-laws, or result in the breach of or constitute a default under or require any
consent under any indenture or other agreement or instrument to which it is a
party or by which it or any of its properties may be bound or affected. The
Agreement, as amended by this Amendment and Waiver, constitutes its legal, valid
and binding obligation, enforceable against it in accordance with its terms,
except as the enforceability thereof may be limited by any applicable
bankruptcy, reorganization, insolvency, moratorium or other laws affecting
creditors' rights generally.

                      (c) the representations and warranties made by it
contained in any Transaction Document are true and correct on and as of the date
of this Amendment and Waiver and after giving effect hereto.

                      (d) no Termination Event or Potential Termination Event
has occurred and is continuing under the Agreement after giving effect to this
Amendment and Waiver.

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               5. Conditions to Closing. The Agent shall have received the
payment of a fee in the amount of $50,000.

               6. Effective Date. The effective date of this Amendment and
Waiver (the "Effective Date") is August 30, 2000.

               7. Reference to and Effect on the Transaction Documents. On and
after the Effective Date each reference in the Agreement to "This Agreement",
"hereunder", "hereof" or words of like import, and each reference in any other
Transaction Document to "the Transfer and Administration Agreement",
"thereunder", "thereof" or words of like import, referring to the Agreement,
shall mean and be a reference to the Agreement as amended hereby.

               8. Agreement and all other Transaction Documents in Full Force
and Effect. Except as specifically amended hereby, each Transaction Document and
shall continue to be in full force and effect and is hereby in all respects
ratified and confirmed. The execution, delivery and effectiveness of this
Amendment and Waiver shall not, except as expressly provided herein, operate as
a waiver of any right, power or remedy of the Company, any Bank Investor or the
Agent under any Transaction Document, nor constitute a waiver of any provision
of any Transaction Document.

               9. Counterparts. This Amendment and Waiver may be signed in any
number of counterparts, each of which shall be an original and all of which
taken together shall constitute a single instrument with the same effect as if
the signatures thereto and hereto were upon the same instrument.

               10. Governing Law. This Amendment and Waiver shall be governed by
and construed in accordance with the laws of the State of New York.

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<PAGE>   4

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

                                        ENTERPRISE FUNDING CORPORATION,
                                          as Company

                                        By: /S/ ANDREW L. STIDD
                                            ------------------------------------
                                            Andrew L. Stidd
                                            President

                                        KCH FUNDING, L.L.C.,
                                          as Transferor

                                        By: /S/ ELMER C. HULL, JR.
                                            ------------------------------------
                                            Elmer C. Hull, Jr.
                                            Treasurer

                                        UNOVA, INC.,
                                          as Parent and as Servicer

                                        By: /S/ ELMER C. HULL, JR.
                                            ------------------------------------
                                            Elmer C. Hull, Jr.
                                            Vice President and Treasurer

                                        BANK OF AMERICA, N.A., as Agent
                                          and a Bank Investor

                                        By: /S/ JOHN. K. SVOLOS
                                            ------------------------------------
                                            John. K. Svolos
                                            Vice President

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