Document:

EX-4.22 AMENDMENT TO REVOLVING CREDIT AGREEMENT

 

Exhibit 4.22

FOURTH AMENDMENT

          THIS FOURTH AMENDMENT dated as of November 7, 2007 (this “Amendment”), by and among
EMS TECHNOLOGIES, INC., a Georgia corporation (the “Borrower”), the Lenders listed on the
signature page hereof and SUNTRUST BANK, in its capacity as the Administrative Agent (the
“Administrative Agent”).

W I T N E S S E T H:

          WHEREAS, the Borrower, the Lenders and the Administrative Agent entered into that certain U.S.
Revolving Credit Agreement dated as of December 10, 2004, as amended by that certain First
Amendment to U.S. Revolving Credit Agreement dated as of February 11, 2005, as further amended by
that certain Second Amendment, Limited Waiver and Consent dated as of August 10, 2005 and as
further amended by that certain Third Amendment and Consent dated as of November 30, 2006 (as so
amended, the “Credit Agreement”);

          WHEREAS, the Borrower, the Lenders and the Administrative Agent desire to amend the Credit
Agreement in certain respects on the terms and conditions contained herein; and

          WHEREAS, the Lenders and the Administrative Agent are willing to so amend the Credit Agreement
on the terms and conditions herein.

          NOW, THEREFORE, for and in consideration of good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by the parties hereto, the Lenders, the Administrative
Agent and the Borrower hereby agree as follows:

1.   Defined Terms.  Capitalized terms which are used herein without definition and which are
defined in the Credit Agreement shall have the same meanings ascribed to them as in the Credit
Agreement.

2.   Amendment.  The Credit Agreement is hereby amended by deleting the date “December 9,
2007” contained in the defined term “Commitment Termination Date” in Section 1.1 of the Credit
Agreement and substituting in lieu thereof the date “March 7, 2008”.

3.   Effectiveness of Amendment.  The effectiveness of this Amendment is subject to the truth
and accuracy of the representations set forth in Sections 4 and 5 below and satisfaction of each of
the following conditions:

	 	(a)	 	Receipt by the Administrative Agent of counterparts of this Amendment duly
executed by the Borrower, the Subsidiary Loan Parties, the Administrative Agent and the
Lenders constituting the Required Lenders;
	 
	 	(b)	 	A certified copy of resolutions of the board of directors of the Borrower
authorizing the transactions contemplated by this Amendment (including the extension of
the Commitment Termination Date);
	 
	 	(c)	 	A duly executed amendment to the Canadian Revolving Credit Agreement providing

 

 

for, among other things, an extension of the Commitment Termination Date (as defined
in the Canadian Revolving Credit Agreement) to March 7, 2008;

	 	(d)	 	Payment of all fees, costs and expenses of the Administrative Agent and
Lenders, including the fees of Administrative Agent’s counsel incurred through the date
of this Amendment; and
	 
	 	(e)	 	Such other documents, agreements, instruments, certificates or other
confirmations as the Administrative Agent may reasonably request.

4.   Representations of the Borrower.  The Borrower represents and warrants to the
Administrative Agent and the Lenders that:

     (a)   Corporate Power and Authority.  The execution, delivery and performance of this
Amendment and the transactions contemplated hereby (i) are within the corporate authority of the
Borrower, (ii) have been duly authorized by all necessary corporate proceedings, if any, (iii) do
not and will not violate any provision of law, statute, rule or regulation to which the Borrower is
subject or any judgment, order, writ, injunction, license or permit applicable to the Borrower and
(iv) does not violate or breach any provision of the organizational documents of, or any agreement
or other instrument binding upon, the Borrower or its Subsidiaries. The Borrower has duly executed
and delivered the Amendment, and, both the Amendment and the Credit Agreement as amended by the
Amendment, constitute the Borrower’s legal, valid and binding obligation enforceable in accordance
with their respective terms, except to the extent that the enforceability thereof may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally
affecting creditors’ rights and by equitable principles (regardless of whether enforcement is
sought in equity or at law).

     (b)   Governmental Approvals.  No order, consent, approval, license, authorization or
validation of, or filing, recording or registration with (except for those that have otherwise been
obtained or made on or prior to the date of the effectiveness of this Amendment and which remain in
full force and effect on such date), or exemption by, any Governmental Authority, is required to
authorize, or is required in connection with, (i) the execution, delivery and performance of the
Amendment by the Borrower or (ii) the legality, validity, binding effect or enforceability of any
such Amendment against the Borrower.

     (c)   No Default.  No Default or Event of Default will exist immediately after giving
effect to this Amendment.

5.   Reaffirmation of Representations.  Without limiting Section 4 hereof, the Borrower
hereby repeats and reaffirms all representations and warranties made by the Borrower to the
Administrative Agent and the Lenders in the Credit Agreement and the other Loan Documents to which
it is a party on and as of the date hereof with the same force and effect as if such
representations and warranties were set forth in this Amendment in full (except to the extent that
such representations and warranties relate expressly to an earlier date, in which they shall be
true and correct as of such earlier date).

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6.   Governing Law.  THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH THE LAW OF THE STATE OF GEORGIA.

7.   No Further Amendments; Ratification of Liability.  Except as expressly amended hereby,
the Credit Agreement and each of the other Loan Documents shall remain in full force and effect in
accordance with their respective terms. The Borrower hereby ratifies, confirms and reaffirms its
liabilities, its payment and performance obligations (contingent or otherwise) and its agreements
under the Credit Agreement and the other Loan Documents to the extent the Borrower is a party
thereto, all as amended by this Amendment, and the liens and security interests granted, created
and perfected thereby.

8.   No Waiver; References to the Credit Agreement.  Nothing contained herein shall be deemed
to constitute a waiver of compliance with any term or condition contained in the Credit Agreement
or any of the other Loan Documents, or constitute a course of conduct or dealing among the parties.
The Administrative Agent and the Lenders reserve all rights, privileges and remedies under the
Loan Documents. Each reference to the Credit Agreement in any of the Loan Documents (including the
Credit Agreement) shall be deemed to be a reference to the Credit Agreement, as amended by this
Amendment.

9.   No Novation.  Nothing in this Amendment is intended, or shall be construed, to
constitute a novation or an accord and satisfaction of any of the Obligations or to modify, affect
or impair the perfection, priority or continuation of the security interests in, security titles to
or other Liens on any Collateral for the Obligations.

10.   Benefits.  This Amendment shall be binding upon and shall inure to the benefit of the
parties hereto and their respective permitted successors and assigns. This Amendment is solely for
the benefit of the Borrower, the Lenders and the Administrative Agent, and no term or provision
hereof shall be deemed to confer and benefit or rights on any other Person.

11.   Expenses.  The Borrower agrees to reimburse the Lenders and the Administrative Agent on
demand for all reasonable costs and expenses (including, without limitation, attorneys’ fees)
incurred by such parties in negotiating, documenting and consummating this Amendment, the other
documents referred to herein, and the transactions contemplated hereby and thereby.

12.   Severability.  In case any provision of or obligation under this Amendment shall be
invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of
the remaining provisions or obligations, or of such provision or obligation in any other
jurisdiction, shall not in any way be affected or impaired thereby.

13.   Headings.  Headings and captions used in this Amendment are included for convenience of
reference only and shall not be given any substantive effect.

14.   Counterparts; Integration.  This Amendment may be executed and delivered via facsimile
with the same force and effect as if an original were executed and may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the signatures hereto
were upon the same instrument. This Amendment constitutes the entire agreement and understanding

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among the parties hereto with respect to the subject matter hereof and supersede any and all prior
agreements and understandings, oral or written, relating to the subject matter hereof.

[SIGNATURES ON FOLLOWING PAGES]

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          IN WITNESS WHEREOF, the Borrower, the Lenders and the Administrative Agent have caused
this Fourth Amendment to be duly executed by their respective duly authorized officers as of the
day and year first above written.

	 	 	 	 	 
	 	EMS TECHNOLOGIES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	
SUNTRUST BANK, in its capacities as a Lender,

Swingline Lender and as Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	
BANK OF AMERICA, NATIONAL ASSOCIATION,

in its capacity as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	
GENERAL ELECTRIC CAPITAL CORPORATION,

in its capacity as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

REAFFIRMATION OF OBLIGATIONS UNDER LOAN DOCUMENTS

     Each of the undersigned Subsidiary Loan Parties hereby reaffirms its continuing obligations
owing to the Administrative Agent and each Lender under the Loan Documents to which such Person is
a party and agrees that the foregoing Fourth Amendment shall not in any way affect the validity and
enforceability of any such Loan Document, or reduce, impair or discharge the obligations of such
Person thereunder.

     This reaffirmation shall be construed in accordance with and be governed by the laws (without
giving effect to the conflict of law principles thereof) of the State of Georgia.

     IN WITNESS WHEREOF, each of the undersigned has duly executed and delivered this Reaffirmation
of Obligations under Loan Documents as of November ___, 2007.

	 	 	 	 	 
	 	EMS INVESTMENT HOLDINGS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	
LXE INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:EX-4.23 AMENDMENT TO REVOLVING CREDIT AGREEMENT

 

Exhibit 4.23

Execution Copy

FOURTH AMENDMENT

     THIS FOURTH AMENDMENT is dated as of December 7 , 2007 (this “Amendment”) by and among
EMS TECHNOLOGIES CANADA, LTD., a corporation incorporated under the laws of Canada (the
“Borrower”), EMS TECHNOLOGIES, INC., a Georgia corporation (the “Parent”), the Lenders listed on
the signature pages hereof and BANK OF AMERICA, NATIONAL ASSOCIATION (CANADA BRANCH), as Canadian
Administrative Agent (the “Agent”).

     WHEREAS, the Borrower, the Parent, the Lenders and the Agent are parties to that certain
Canadian Revolving Credit Agreement dated as of December 10, 2004, as amended by a first amending
agreement dated as of February 11, 2005, a second amending agreement dated as of June 24, 2005 and
a third amending agreement dated as of August 10, 2005 (the “Credit Agreement”);

     AND WHEREAS, the Borrower, the Parent, the Lenders and the Agent desire to amend the Credit
Agreement in certain respects on the terms and conditions contained herein;

     NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged by the parties hereto, the parties hereto hereby agree as follows:

     Section 1. Defined Terms. Capitalized terms which are used and not defined herein
shall have the meanings ascribed to them in the Credit Agreement.

     Section 2. Amendment. The Credit Agreement is hereby amended by deleting the date
“December 9, 2007” contained in the defined term “Commitment Termination Date” in Section 1.1 of
the Credit Agreement and substituting in lieu thereof the date “March 7, 2008”.

     Section 3. Effectiveness of Amendment. The effectiveness of this Amendment is subject
to the truth and accuracy of the representations set forth in Section 4 and Section 5 below and
receipt by the Agent of each of the following, each of which shall be in form and substance
satisfactory to the Agent:

     (a) Counterparts of this Amendment duly executed by the Borrower, each Guarantor, the Agent
and all of the Lenders;

     (b) A certified copy of resolutions of the board of directors of the Borrower authorizing the
transactions contemplated by this Amendment (including the extension of the Commitment Termination
Date);

     (c) A duly executed amendment to the U.S. Revolving Credit Agreement providing for, among
other things, an extension of the Commitment Termination Date (as defined in the U.S. Revolving
Credit Agreement) to March 7, 2008;

     (d) Payment of all fees, costs and expenses of the Agent and Lenders, including the fees of
Agent’s counsel incurred through the date of this Amendment; and

 

 

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     (e) Such other documents, agreements, instruments, certificates or other confirmations as the
Agent may reasonably request.

     Section 4. Representations of the Borrower. The Borrower represents and warrants to
the Agent and the Lenders that:

     (a) Corporate Power and Authority. The Borrower has the corporate power and authority
to execute, deliver and perform the terms and provisions of the Credit Agreement, as amended by
this Amendment, and has taken all necessary corporate action to authorize the execution, delivery
and performance by it of this Amendment. The Borrower has duly executed and delivered this
Amendment, and this Amendment constitutes its legal, valid and binding obligation enforceable in
accordance with its terms, except to the extent that the enforceability thereof may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally
affecting creditors’ rights and by equitable principles (regardless of whether enforcement is
sought in equity or at law).

     (b) No Violation. The execution, delivery or performance by the Borrower, and
compliance by the Borrower with the terms and provisions of this Amendment (i) will not contravene
any provision of any law, statute, rule or regulation or any order, writ, injunction or decree of
any court or Governmental Authority, (ii) will not conflict with or result in any breach of any of
the terms, covenants, conditions or provisions of, or constitute a default under, or result in the
creation or imposition of (or the obligation to create or impose) any Lien upon any of the property
or assets of the Borrower or any of its Subsidiaries pursuant to the terms of any indenture,
mortgage, deed of trust, credit agreement or loan agreement, or any other agreement, contract or
instrument, to which the Borrower or any of its Subsidiaries is a party or by which it or any of
its property or assets is bound or to which it may be subject or (iii) will not violate any
provision of the certificate or articles of incorporation or by-laws (or equivalent organizational
documents) of the Borrower or any of its Subsidiaries.

     (c) Governmental Approvals. No order, consent, approval, license, authorization or
validation of, or filing, recording or registration with (except for those that have otherwise been
obtained or made on or prior to the date of the effectiveness of this Amendment and which remain in
full force and effect on such date), or exemption by, any Governmental Authority, is required to
authorize, or is required in connection with, (i) the execution, delivery and performance of this
Amendment by the Borrower or any Guarantor or (ii) the legality, validity, binding effect or
enforceability of this Amendment against the Borrower or any Guarantor.

     (d) No Default. No Default or Event of Default now exists or will exist immediately
after giving effect to this Amendment.

     Section 5. Reaffirmation of Representations. The Borrower hereby repeats and reaffirms
all representations and warranties made by it to the Agent and the Lenders in the Credit Agreement
and the other Loan Documents to which it is a party on and as of the date hereof (and after giving
effect to this Amendment) with the same force and effect as if such representations and warranties
were set forth in this Amendment in full (except to the extent of changes resulting from
transactions contemplated or permitted by the Credit Agreement and to the extent that such
representations and warranties relate expressly to an earlier date).

 

 

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     Section 6. References to the Credit Agreement. Each reference to the Credit Agreement
in any of the Loan Documents (including the Credit Agreement) shall be deemed to be a reference to
the Credit Agreement, as amended by this Amendment.

     Section 7. Benefits. This Amendment shall be binding upon and shall inure to the
benefit of the parties hereto and their respective permitted successors and assigns.

     Section 8. Expenses. The Borrower agrees to reimburse the Lenders and the Agent on
demand for all reasonable costs and expenses (including, without limitation, attorneys’ fees)
incurred by such parties in negotiating, documenting and consummating this Amendment, the other
documents referred to herein, and the transactions contemplated hereby and thereby.

     Section 9. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE PROVINCE OF ONTARIO
AND THE LAWS OF CANADA APPLICABLE THEREIN.

     Section 10. Effect/Loan Document. Except as expressly herein amended, the terms and
conditions of the Credit Agreement and the other Loan Documents shall remain in full force and
effect. This Amendment shall be deemed to be a “Loan Document” for all purposes under the Credit
Agreement. The amendments herein will apply to all currently issued and outstanding Letters of
Credit, including any renewals or extensions thereof.

     Section 11. Counterparts. This Amendment may be executed in any number of
counterparts, each of which shall be deemed to be an original and shall be binding upon all
parties, their successors and assigns.

[Signatures on Following Pages]

 

 

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

	 	 	 	 	 
	 	EMS TECHNOLOGIES CANADA, LTD.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	EMS TECHNOLOGIES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	BANK OF AMERICA, NATIONAL ASSOCIATION,

CANADA BRANCH, as Canadian Administrative

Agent, as Issuing Bank, as Swingline

Lender as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	GE CANADA FINANCE HOLDING COMPANY, in its

capacity as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

The following entities hereby execute this Fourth Amendment to indicate their consent thereto and
to acknowledge that the making and entering into of this Fourth Amendment shall not terminate,
limit or otherwise impair or affect any of their respective obligations to the Agent, the Issuing
Bank and/or the Lenders under the Loan Documents.

	 	 	 	 	 
	EMS INVESTMENT HOLDINGS, INC.

 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 

	 	 	 	 	 
	LXE INC.

 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 

	 	 	 	 	 
	990834 ONTARIO INC.

 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:

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