Document:

exv10w37

 

EXHIBIT 10.37

     WAIVER, dated as of May 1, 2005 (this “Waiver”), to the Amended and Restated
Credit Agreement, dated as of January 16, 2004 (as amended, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among CSK Auto, Inc., an Arizona corporation (the
“Company”), the several banks and other financial institutions or entities from time to
time party thereto (the “Lenders”), the Syndication Agent and the Co-Documentation Agents
named therein and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the
“Administrative Agent”).

W I T N E S S E T H:

     WHEREAS, the Company has requested that the Lenders waive compliance with a certain covenant
of the Credit Agreement; and

     WHEREAS, the Lenders have consented to such waiver but only on the terms and conditions
contained herein;

     NOW, THEREFORE, the parties hereto hereby agree as follows:

     1. Defined Terms. Unless otherwise defined herein, capitalized terms which are
defined in the Credit Agreement are used herein as therein defined.

     2. Waiver.

     (a) The Lenders hereby waive, with respect to the fiscal quarter ending May 1, 2005,
compliance with the Consolidated Leverage Ratio covenant contained in Section 8.7 of the Credit
Agreement; provided, that the Consolidated Leverage Ratio for the period of four
consecutive fiscal quarters of the Company ending May 1, 2005 does not exceed 3.50 to 1.0.

     (b) The Lenders hereby agree that the term “Indebtedness” shall exclude all items that would
be considered indebtedness due to EITF 97-10 for all purposes on and after May 1, 2005;
provided, that the aggregate amount of such items shall not exceed $15,000,000.

     (c) The Lenders hereby agree that the Company shall be permitted to furnish the financial
statements referred to in Section 7.1(a) of the Credit Agreement for Fiscal Year 2004 not later
than five days after the filing thereof with the Securities and Exchange Commission;
provided, that such financial statements shall be delivered on or before May 31, 2005.

     3. Effectiveness. This Waiver shall become effective as of May 1, 2005 on the date on
which the Administrative Agent shall have received (a) this Waiver, executed and delivered by the
Administrative Agent, the Company and the Required Lenders, and (b) a waiver fee, for the account
of each Lender executing this Waiver by 12:00 noon (New York time) on May 2, 2005, in an amount
equal to 0.05% of the sum of such Lender’s (i) Revolving Commitment and (ii) outstanding Tranche C
Term Loans as of such date.

     4. Representation and Warranties. The Company hereby confirms, reaffirms and restates
that the representations and warranties set forth in Section 5 of the Credit Agreement are true and
correct in all material respects on and as of May 1, 2005 as if made on and as of such date (unless
stated to relate to a specific earlier date, in which case, such representations and warranties
shall be true and

 

 

correct in all material respects as of such earlier date). The Company represents and
warrants that, after giving effect to this Waiver, no Default or Event of Default has occurred and
is continuing.

     5. Continuing Effect of the Credit Agreement. This Waiver shall not constitute a
waiver of any other provision of the Credit Agreement not expressly referred to herein and shall
not be construed as a waiver or consent to any further or future action on the part of the Company
that would require a waiver or consent of the Lenders or the Administrative Agent. Except as
expressly waived hereby, the provisions of the Credit Agreement are and shall remain in full force
and effect.

     6. Counterparts. This Waiver may be executed by the parties hereto in any number of
separate counterparts (including facsimiled counterparts), each of which shall be deemed to be an
original, and all of which taken together shall be deemed to constitute one and the same
instrument.

     7. Expenses. The Company agrees to pay or reimburse the Administrative Agent for all
of its reasonable out-of-pocket costs and expenses incurred in connection with the preparation,
negotiation and execution of this Waiver, including, without limitation, the fees and disbursements
of one counsel to the Administrative Agent.

     8. GOVERNING LAW. THIS WAIVER AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER
THIS WAIVER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK.

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

2

 

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

	 	 	 	 	 
	 	CSK AUTO, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., as 

Administrative Agent and as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

	 	 	 	 	 	 	 
	

	 	 	 	 	 	Signature page to the Waiver,
dated as of May 1, 2005, to
the CSK Auto, Inc. Amended and
Restated Credit Agreement
	 
	 	 	 	 	 	 
	 	 	 
	 	 	[Name of Lender]
	 
	 	 	 	 	 	 
	

	 	By:	 	 	 	 
	 	 	 	 	 
	

	 	 	 	Name:	 	 
	

	 	 	 	Title:Exhibit 4.1 Genco Amended Promissory Note

Exhibit 4.1

 

AMENDED
AND RESTATED PROMISSORY NOTE

$551,626,169

May 1,
2000, as amended and restated, May 1, 2005

St.
Louis, Missouri

FOR
VALUE RECEIVED, the
undersigned, Ameren
Energy Generating Company (the
"Maker"),
promises to pay to the order of Central
Illinois Public Service Company, d/b/a/
AmerenCIPS (the "Payee"), in
lawful money of the United States of America, in immediately available funds at
the principal business address of the Payee, 607 E. Adams Street, Springfield,
Illinois 62739, or at such other location as the Payee may designate from time
to time in writing, the principal amount of $551,626,169 (subject to adjustment
as provided in the Asset Transfer Agreement hereinafter referred to), together
with interest thereon as provided in this Amended and Restated Promissory Note
(“Note”) at a rate per annum (computed on the basis of a 360-day year consisting
of twelve 30 day months) equal to seven percent (7%) for periods ending on or
prior to May 1, 2005, and seven and one-eighth percent (7.125%) for all
subsequent periods, payable as provided herein; provided that the final payment
of principal and interest hereon shall be due not later than May 1, 2010. As of
May 1, 2005, and before giving effect to the principal payment made on that
date, the outstanding principal amount of this Note is
$249,360,005.

Payments
of principal and interest on this Note shall be made in accordance with Schedule
I to this Note attached hereto and subject to the attached statement of
subordination.

This Note
represents a modification and extension of that certain Note referred to in and
executed and delivered pursuant to the Asset Transfer Agreement, dated as of May
1, 2000, by and between the Maker as Transferee and the Payee as Transferor (the
"Asset Transfer Agreement").

Upon
receiving the prior written consent of the Payee, the Maker shall have the right
to prepay the principal amount of this Note, in whole or in part, without
premium or penalty. All partial prepayments shall be applied first to accrued
interest under this Note and then to principal installments in the reverse order
of their maturity.

The Maker
shall be in default under this Note upon the occurrence of any of the following
events of default (an "Event of Default"):

	 	
      (a)
	
      default
      in the payment of any installment of the principal or interest on this
      Note, which default, continues unremedied for a period of ten days after
      notice of default shall have been received by the Maker from the
      Payee;

	 	
      (b)
	
      the
      Maker fails to make any payment in respect of any indebtedness or
      contingent obligation having an aggregate principal amount of more than
      $5,000,000 when due (whether by scheduled maturity, required prepayment,
      acceleration, demand, or otherwise) and such failure continues after the
      applicable grace or notice period, if any, specified in the relevant
      document on the date of such failure;

 

 

 

12734

 

	 	
      (c)
	
      any
      breach of the provisions under the Asset Transfer Agreement or the Joint
      Dispatch Agreement, subject to any periods of cure thereunder, by the
      Maker; and

	 	
      (d)
	
      an
      involuntary proceeding shall be commenced or an involuntary petition shall
      be filed seeking (i) liquidation, reorganization or other relief in
      respect of the Maker or its debts, or of a substantial part of its assets,
      under any Federal, state or foreign bankruptcy, insolvency, receivership,
      or similar law now or hereafter in effect or (ii) the appointment of a
      receiver, trustee, custodian, sequestrator, conservator or similar
      official for the Maker or for a substantial part of its assets, and, in
      any such case, such proceeding or petition shall continue undismissed for
      60 days or an order or decree approving or ordering any of the foregoing
      shall be entered.

Upon the
occurrence of an Event of Default, and at any time thereafter as long as such
Event of Default shall be continuing, the Payee may declare all liabilities and
obligations of the Maker to the Payee immediately due and payable and the same
shall thereupon become immediately due and payable without any further action on
the part of the Payee.

This Note
shall not be assigned by the Maker without the prior written consent of the
Payee. This Note shall bind the Maker and its successors and assigns, and the
benefits hereof shall inure to the benefit of the Payee and its successors and
assigns. All references herein to the "Maker" and "Payee" shall be deemed to
apply to the Maker and the Payee, respectively, and to their respective
successors and assigns.

The Maker
(and the endorser, guarantor or surety hereof) hereby waives presentment,
demand, protest and notice of any kind. No failure to exercise and no delay in
exercising any rights hereunder on the part of the Payee shall operate as a
waiver of such rights.

The
validity, interpretation and enforcement of this Note shall be governed by the
laws of the State of Illinois without giving effect to the conflict of laws
principles thereof.

IN
WITNESS WHEREOF, the
Maker has caused this Note to be executed and delivered by the Maker's duly
authorized person as of the date first set forth above.

 

	 	 	 
	 	AMEREN ENERGY
      GENERATING COMPANY,
an Illinois corporation
	 
 	 
 	 
 
		By:  	/s/ Jerre E.
    Birdsong
	 	
      

      Jerre
      E. Birdsong
	 	Vice President and
    Treasurer

 

SCHEDULE
I (AS AMENDED AND RESTATED)

SCHEDULE
OF PRINCIPAL AND INTEREST PAYMENTS ON NOTE

This
Amended and Restated Schedule I reflects a $50,000,000 principal prepayment made
December 12, 2001, a $75,000,000 principal prepayment made November 1, 2004, and
scheduled payments of principal and interest in accordance with the terms of the
Note.

Payments
of principal are due on May 1 of each year. Payments of interest are due on May
1, August 1, November 1 and February 1 of each year commencing, under this Note,
on August 1, 2005. Amounts payable on the outstanding principal balance
($249,360,005 at May 1, 2005 (before giving effect to a principal payment made
May 1, 2005) are subject to adjustment as provided in the Note and the Asset
Transfer Agreement dated as of May 1, 2000. Payee acknowledges receipt of all
payments due hereunder through and including May 1, 2005.

 

	
      Period
      Ending
	
      Principal
      Payment
	
      Interest
      Payment

	 
	 
	 

	
      8/1/00
	
       
	
      $9,653,458
      

	
      11/1/00
	
       
	
      $9,653,458
      

	
      2/1/01
	
       
	
      $9,653,458
      

	
      5/1/01
	
      $39,925,324
      
	
      $9,653,458
      

	
      8/1/01
	
       
	
      $8,954,765
      

	
      11/1/01
	
       
	
      $8,954,765
      

	
      2/1/02
	
       
	
      $8,478,376
      

	
      5/1/02
	
      $42,720,096
      
	
      $8,079,765
      

	
      8/1/02
	
       
	
      $7,332,163
      

	
      11/1/02
	
       
	
      $7,332,163
      

	
      2/1/03
	
       
	
      $7,332,163
      

	
      5/1/03
	
      $45,710,504
      
	
      $7,332,163
      

	
      8/1/03
	
       
	
      $6,532,229
      

	
      11/1/03
	
       
	
      $6,532,229
      

	
      2/1/04
	
       
	
      $6,532,229
      

	
      5/1/04
	
      $48,910,240
      
	
      $6,532,229
      

	
      8/1/04
	
       
	
      $5,676,300
      

	
      11/1/04
	
       
	
      $5,676,300
      

	
      2/1/05
	
       
	
      $4,363,800
      

	
      5/1/05
	
      $52,333,956
      
	
      $4,363,800
      

	
      8/1/05
	
       
	
      $3,509,526
      

	
      11/1/05
	
       
	
      $3,509,526
      

	
      2/1/06
	
       
	
      $3,509,526
      

	
      5/1/06
	
      $34,175,652
      
	
      $3,509,526
      

	
      8/1/06
	
       
	
      $2,900,773
      

	
      11/1/06
	
       
	
      $2,900,773
      

	
      2/1/07
	
       
	
      $2,900,773
      

	
      5/1/07
	
      $36,610,667
      
	
      $2,900,773
      

	
      8/1/07
	
       
	
      $2,248,645
      

	
      11/1/07
	
       
	
      $2,248,645
      

	
      2/1/08
	
       
	
      $2,248,645
      

 

 

#1057995v1

 

	
      5/1/08
	
      $39,219,177
      
	
      $2,248,645
      

	
      8/1/08
	
       
	
      $1,550,054
      

	
      11/1/08
	
       
	
      $1,550,054
      

	
      2/1/09
	
       
	
      $1,550,054
      

	
      5/1/09
	
      $42,013,544
      
	
      $1,550,054
      

	
      8/1/09
	
       
	
      $801,687
      

	
      11/1/09
	
       
	
      $801,687
      

	
      2/1/10
	
       
	
      $801,687
      

	
      5/1/10
	
      $45,007,009
      
	
      $801,687
      

 

#1057995v1

 

 

STATEMENT
OF SUBORDINATION

The
indebtedness evidenced by this Note shall be subordinate and junior to any and
all indebtedness, except that certain promissory note dated June 30, 2000 to
Ameren Corporation in the amount of $50,000,000 (hereafter referred to as
"Senior
Debt") of
Maker, now existing or hereafter incurred, in respect of (i) borrowings
(including renewals and extensions thereof) from any one or more banks,
insurance companies, pension or profit sharing trusts, or other financial
institutions whether secured or unsecured, and (ii) all other borrowings
incurred, assumed or guaranteed by Maker, at any time, before or after the date
of this Note, evidenced by a note, debenture, bond or other similar instrument
(including capitalized lease and purchase money obligations, and/or for the
acquisition (whether by way of purchase, merger or otherwise) of any business,
real property or other assets (except assets acquired in the ordinary course of
business) but excluding obligations other than for borrowed money including
trade payables and other obligations to general creditors), except
indebtedness which, by its terms or the terms of the instrument creating or
evidencing it, provides that such indebtedness is not superior in right of
payment to the payment of principal of or any interest on this Note, or that
such indebtedness is subordinated to all other indebtedness of the Maker.
Notwithstanding any other provision of this Note, "Senior
Debt" shall
include refinancings, renewals, extensions or refundings of the indebtedness
described in clauses (i) and (ii) above. "Subordinate
and junior" as used
herein shall mean that in the event of:

(a) any
default in, or violation of, the terms or covenants of any Senior Debt,
including, without limitation, any default in payment of principal of, or
premium, if any, or interest on, any Senior Debt whenever due (whether by
acceleration of maturity or otherwise), and during the continuance thereof,
or

(b) the
institution of any liquidation, dissolution, bankruptcy, insolvency,
reorganization or similar proceeding relating to Maker, its property or its
creditors as such,

the
holder of this Note shall not be entitled to receive any payment of principal
of, or premium, if any, or interest on, this Note until all amounts owing in
respect of Senior Debt (matured and unmatured) shall have been paid in full; and
from and after the happening of any event described in clause (c) of this
paragraph, all payments and distributions of any kind or character (whether in
cash, securities or property) which, except for the subordination provisions
hereof, would have been payable or distributable to the holder of this Note
(whether directly or by reason of this Note's being superior to any other
indebtedness), shall be made to and for the benefit of the holders of Senior
Debt (who shall be entitled to make all necessary claims therefor) in accordance
with the priorities of payment thereof until all Senior Debt (matured and
unmatured) shall have been paid in full. Upon the happening of any event
described in clauses (a) or (b) of this paragraph, all Senior Debt shall (at the
option of the holder thereof and subject to the terms thereof) become
immediately due and payable in full. No act or failure to act on the part of
Maker, and no default under or breach of any agreement of Maker, whether or not
herein set forth, shall in any way prevent or limit the holder of any Senior
Debt from enforcing fully the subordination herein provided for, irrespective of
any knowledge or notice which such holder

 

 

 

 may
at any time have or be charged with. So long as any Senior Debt shall be
outstanding, Maker shall not, without the prior written consent of all holders
thereof except as may be otherwise agreed to by such holders in such
instruments, (i) pay any amount in respect of principal of this Note prior to
the stated maturity thereof or purchase or redeem this Note in whole or in part,
except as may be otherwise expressly required herein or (ii) alter or amend any
of the terms of this paragraph. Maker and the holder hereof agree not to alter,
amend or waive any of the terms of this Note or any right in respect thereto in
any manner which might adversely affect the holders of Senior Debt without the
prior written consent of all such holders except as may be otherwise agreed to
by such holders in such instruments. Without limiting the above, any alteration,
amendment or waiver providing for full or partial payment, purchase or
redemption hereof, by Maker at any time other than as originally set forth
herein, shall be deemed to adversely affect the holders of Senior Debt. Anything
hereinabove to the contrary notwithstanding, in the event that any payment or
distribution is made with respect to the indebtedness evidenced by this Note in
violation of the terms hereof, any holder hereof receiving such payment or
distribution shall hold it in trust for the benefit of, and shall remit it to,
the holders of Senior Debt then outstanding in accordance with the priorities of
payment thereof. The provisions of this paragraph are solely for the purpose of
defining the relative rights of the holders of Senior Debt on the one hand, and
the holder of this Note on the other hand, and nothing herein shall impair, as
between Maker and the holder of this Note, the obligation of Maker, which is
unconditional and absolute, to pay to the holder hereof the principal hereof,
and the premium, if any, and interest hereon, in accordance with the terms
hereof nor shall anything herein prevent the holder of this Note from exercising
all remedies otherwise permitted by applicable law or hereunder upon default
hereunder, subject to the rights, if any, under this paragraph of holders of
Senior Debt. Any
instrument defining the terms of any Senior Debt may
include subordination provisions in respect of this Note and, in such case, in
the event of any
inconsistency between the terms of the subordination provisions of such Senior
Debt instrument
and the subordination provisions herein, the terms of the subordination
provisions of such
Senior Debt instrument shall govern. 

This
statement of subordination is hereby made a part of the attached Note as if set
forth in full therein.

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