Document:

exv10w127

 

Exhibit 10.127

SIXTEENTH AMENDMENT TO

RECEIVABLES SALE AGREEMENT

     THIS SIXTEENTH AMENDMENT TO RECEIVABLES SALE AGREEMENT, dated as of October 30, 2007 (this
“Amendment”), is entered into by and among ALLIED RECEIVABLES FUNDING INCORPORATED, as
buyer (the “Buyer”), and ALLIED WASTE NORTH AMERICA, INC. and each of the other entities
identified on the signature pages hereto as an “Originator”, as originators (collectively, the
“Originators”). Capitalized terms used and not otherwise defined herein are used as
defined in the Agreement (as defined below and amended hereby).

     WHEREAS, the parties hereto have entered into that certain Receivables Sale Agreement, dated
as of March 7, 2003 (as amended, restated, supplemented or otherwise modified to the date hereof,
the “Agreement”); and

     WHEREAS, the parties hereto desire to amend the Agreement in certain respects as hereinafter
set forth;

     NOW THEREFORE, in consideration of the premises and the other mutual covenants contained
herein, the parties hereto agree as follows:

     SECTION 1. Amendments.

     The Agreement is amended as follows:

     (a) The following new Section 7.13 is added to the Agreement following existing
Section 7.12:

     Section 7.13. Subsequent Originators.

     Solely with respect to any Person that becomes a party to this Agreement as
an Originator after (and not on) March 7, 2003 (other than any such Person that
becomes an Originator by virtue of being an assignee of, or successor to, any
Person that that is a party to this Agreement as an Originator on March 7, 2003)
(a “Subsequent Originator” and the date such Subsequent Originator
becomes a party hereto, the “Joinder Date”) and notwithstanding any
provision to the contrary in any other Section of, or Exhibit to, this
Agreement, the parties hereto agree that:

     (a) the Initial Funding Date with respect to such Subsequent Originator
shall be deemed to be the last day of the Calculation Period in which the
Joinder Date occurs;

     (b) the Initial Cutoff Date with respect to such Subsequent Originator
shall be deemed to be the last day of the Calculation Period immediately
preceding the Calculation Period in which the Joinder Date occurs; and

 

 

     (c) references in this Agreement to “the date hereof” or words of similar
meaning, where used to indicate (i) the date on which Receivables, Related
Security and Collections are to be initially sold by such Subsequent Originator
to the Purchaser hereunder, (ii) the date on which such Subsequent Originator is
required to take actions such as filing financing statements, marking its
records, transferring records and granting licenses in connection with such
Subsequent Originator’s initial sale of Receivables, Related Security and
Collections hereunder and (iii) the initial date on which such Subsequent
Originator first makes the representations and warranties set forth in
Article II  shall, in each case, be deemed to be references to the
applicable Joinder Date.

Notwithstanding anything to the contrary herein, the provisions of this
Section 7.13 shall not invalidate any sale or purported sale of, or
grant of a security interest in, any Receivable, Related Security or Collections
by any Originator to the Purchaser in respect of which the Purchaser paid the
related Purchase Price.

     (b) The following new Section 7.14 is added to the Agreement following new
Section 7.13:

     Section 7.14. Ordinary Course.

     Each of the Originators and the Buyer represents and warrants as to itself
that each remittance of Collections in respect of Receivables by such Originator
to the Buyer hereunder will have been (i) in payment of a debt incurred by such
Originator in the ordinary course of business or financial affairs of such
Originator and the Buyer and (ii) made in the ordinary course of business or
financial affairs of such Originator and the Buyer.

     (c) The definition of “Receivable” set forth in Exhibit I to the Agreement is
amended and restated in its entirety as follows:

“Receivable: All indebtedness and other obligations owed to Borrower or
any Originator (at the time it arises, and before giving effect to any transfer
or conveyance under the Receivables Sale Agreement) or in which Borrower or an
Originator has a security interest or other interest, including, without
limitation, any indebtedness, obligation or interest constituting an account,
chattel paper, instrument or general intangible, arising in connection with the
sale of goods or the rendering of services by an Originator and all other
obligations of each Obligor in respect thereto, and further includes, without
limitation, the obligation to pay any Finance Charges and sales or use taxes
with respect thereto; provided, however, that “Receivables”
shall only include such indebtedness and other obligations that, on the date
such indebtedness or other obligation arises, are maintained on either an
Originator’s (or the Servicer’s) (i) “Commercial Management System”, excluding
the Excluded CMS Districts; (ii) “InfoPro System”, excluding the Excluded
InfoPro System Divisions and InfoPro System obligations with a class code of
RESI or (iii)

2

 

“Trux System”, excluding the Excluded Trux System Divisions. Indebtedness and
other rights and obligations arising from any one transaction, including,
without limitation, indebtedness and other rights and obligations represented by
an individual invoice, shall constitute a Receivable separate from a Receivable
consisting of the indebtedness and other rights and obligations arising from any
other transaction; provided, further, that any indebtedness,
rights or obligations referred to in the immediately preceding sentence shall be
a Receivable regardless of whether the account debtor or Borrower treats such
indebtedness, rights or obligations as a separate payment obligation.”

     (d) The following definition is added in the appropriate alphabetical order to Exhibit
I to the Agreement:

“Excluded Trux System Divisions: The Trux System Divisions set
forth on Schedule E to this Agreement, as such schedule may be
modified from time to time in writing by the Borrower, each Originator,
each Lender Group Agent and the Agent.”

     (e) Schedule E hereto is added to the Agreement as Schedule E thereto.

     SECTION 2. Representations and Warranties.

     (a) Each Originator represents and warrants to the Buyer and the Secured Parties that
the representations and warranties set forth in Article II of the Agreement (as
amended hereby) are true and correct as of the date hereof (unless stated to relate solely
to an earlier date, in which case such representations and warranties were true and correct
as of such earlier date).

     (b) Each of the Originators and the Buyer represents and warrants to each other and the
Secured Parties that:

     (i) no Termination Event has occurred and is continuing;

     (ii) its execution and delivery of this Amendment, and its performance of its
obligations under the Agreement (as amended hereby) are within its limited
liability, corporate or partnership powers and have been duly authorized by all
necessary limited liability company, corporate or partnership action on its part;
and

     (iii) the Agreement (as amended hereby) is the valid and legally binding
obligation of such Person, enforceable against such Person in accordance with its
terms.

     SECTION 3. Effectiveness.

     This Amendment shall be effective as of the date hereof, provided that the amendment to the
Agreement set forth in Section 1(a) shall be retroactively effective as of the date of the
Agreement, in each case, upon receipt by the Agent of (i) counterparts to this Amendment duly

3

 

executed by each of the parties hereto and (ii) such other documents, certificates and
opinions of counsel as the Agent may reasonably request.

     SECTION 4. Reference to and Effect on the Agreement and the Related Documents.

     Each reference in the Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words
of like import shall mean and be, and any references to the Agreement in any other document,
instrument or agreement executed and/or delivered in connection with the Agreement shall mean and
be, a reference to the Agreement as amended hereby. Except as expressly amended by this Amendment,
the Agreement shall continue in full force and effect and is hereby ratified and confirmed.

     SECTION 5. Governing Law.

     This Amendment is governed by and shall be construed in accordance with the laws of the State
of New York, without giving effect to any conflicts of laws principles that would apply the law of
any other jurisdiction.

     SECTION 6. Severability.

     Each provision of this Amendment is severable from every other provision of this Amendment for
the purpose of determining the legal enforceability of any provision hereof, and the
unenforceability of one or more provisions of this Amendment in one jurisdiction shall not have the
effect of rendering such provision or provisions unenforceable in any other jurisdiction.

     SECTION 7. Counterparts.

     This Amendment may be executed in one or more counterparts, each of which shall be deemed to
be an original, but all of which together shall constitute one and the same instrument. Delivery
of an executed counterpart of a signature page by facsimile or other electronic means acceptable to
the Agent shall be effective as delivery of a manually executed counterpart of this Amendment.

[remainder of page intentionally left blank]

4

 

       IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered
by their duly authorized officers as of the date hereof.

	 	 	 	 	 
	 	ALLIED RECEIVABLES FUNDING

INCORPORATED, as Buyer

 	 
	 	By:  	 	 
	 	Name:  	Michael S. Burnett 	 
	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ALLIED WASTE NORTH AMERICA, INC., as an 

Originator

 	 
	 	By:  	 	 
	 	Name:  	Michael S. Burnett 	 
	 	Title:  	Vice President and Treasurer 	 
	 

Sixteenth Amendment to
 Receivables Sale Agreement

S-1

 

	 	 	 	 	 
	 	The following corporations, as Originators:	 
	 
	 	ALBANY-LEBANON SANITATION, INC.

ALLIED WASTE SERVICES OF PAGE, INC.

ALLIED WASTE SYSTEMS, INC.

ALLIED WASTE TRANSPORTATION, INC.

AMERICAN DISPOSAL SERVICES OF ILLINOIS, INC.

AMERICAN DISPOSAL SERVICES OF MISSOURI, INC.

AMERICAN DISPOSAL SERVICES OF WEST VIRGINIA, INC.

BFI WASTE SYSTEMS OF NEW JERSEY, INC.

BFI WASTE SYSTEMS OF NORTH AMERICA, INC.

BROWNING-FERRIS INDUSTRIES OF OHIO, INC.

CAPITOL RECYCLING AND DISPOSAL, INC.

CITY-STAR SERVICES, INC.

CLARKSTON DISPOSAL, INC.

CORVALLIS DISPOSAL CO.

COUNTY DISPOSAL (OHIO), INC.

COUNTY LANDFILL, INC.

DALLAS DISPOSAL CO.

DELTA CONTAINER CORPORATION

DELTA DADE RECYCLING CORP.

DEMPSEY WASTE SYSTEMS II, INC.

DINVERNO, INC.

ELDER CREEK TRANSFER & RECOVERY, INC.

GRANTS PASS SANITATION, INC.

HARLAND’S SANITARY LANDFILL, INC.

KELLER DROP BOX, INC.

LATHROP SUNRISE SANITATION CORPORATION

MCINNIS WASTE SYSTEMS, INC.

OAKLAND HEIGHTS DEVELOPMENT, INC.

RABANCO, LTD.

ROSSMAN SANITARY SERVICE, INC.

SAUK TRAIL DEVELOPMENT, INC.

SUNRISE SANITATION SERVICE, INC.

SUNSET DISPOSAL SERVICE, INC.

SUNSET DISPOSAL, INC.

THOMAS DISPOSAL SERVICE, INC.

UNITED DISPOSAL SERVICE, INC.

 	 
	 	By:  	 	 
	 	Name:  	Michael S. Burnett 	 
	 	Title:  	Treasurer of each of the foregoing corporations 	 
	 

Sixteenth Amendment to

Receivables Sale Agreement

S-2-A

 

	 	 	 	 	 	 	 	 	 
	 	 	The following partnerships, as Originators:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	ILLIANA DISPOSAL PARTNERSHIP

KEY WASTE INDIANA PARTNERSHIP	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	Allied Waste North America, Inc., as General
Partner of each of the foregoing partnerships	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Name:	 	Michael S. Burnett	 	 
	 	 	Title:	 	Vice President and Treasurer	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	And
	 	By: Allied Waste Landfill Holdings, Inc., as
General Partner of each of the foregoing
partnerships	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Name:	 	Michael S. Burnett	 	 
	 	 	Title:	 	Treasurer	 	 

Sixteenth Amendment to

Receivables Sale Agreement

S-2-B

 

	 	 	 	 	 
	 	The following limited liability companies, as

Originators:	 
	 
	 	ALLIED WASTE SERVICES OF MASSACHUSETTS, LLC

ALLIED WASTE SERVICES OF NORTH AMERICA, LLC

BFI WASTE SERVICES OF PENNSYLVANIA, LLC

BFI WASTE SERVICES, LLC

D & L DISPOSAL L.L.C.

GREENRIDGE WASTE SERVICES, LLC

 	 
	 	By:  	 	 
	 	Name:  	Michael S. Burnett 	 
	 	Title:  	Treasurer of each of the foregoing limited

liability companies 	 
	 

Sixteenth Amendment to

Receivables Sale Agreement

S-2-C

 

	 	 	 	 	 	 	 
	 	 	ALLIED SERVICES, LLC, as an Originator
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	Allied Waste Landfill Holdings, Inc., as
Managing Member
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 	 	 	 	 
	 	 	Name:	 	Michael S. Burnett
	 	 	Title:	 	Treasurer
	 
	 	 	 	 	 	 
	 

	 	 	 	And
	 	By: Allied Green Power, Inc., as a Member
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 	 	 	 	 
	 	 	Name:	 	Michael S. Burnett
	 	 	Title:	 	Treasurer
	 
	 	 	 	 	 	 
	 

	 	 	 	And
	 	By: Allied Waste North America, Inc., as a

Member
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 	 	 	 	 
	 	 	Name:	 	Michael S. Burnett
	 	 	Title:	 	Vice President and Treasurer

Sixteenth Amendment to

Receivables Sale Agreement

S-2-D

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	TOTAL ROLL-OFFS, L.L.C., as an Originator	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	Brenham Total Roll-Offs, LP, as its sole
 Member	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	Allied Waste Landfill Holdings, Inc., as
General Partner of the sole Member	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Name:	 	Michael S. Burnett	 	 
	 	 	Title:	 	Treasurer	 	 

Sixteenth Amendment to

Receivables Sale Agreement

S-2-E

 

	 	 	 	 	 	 	 	 	 
	 	 	The following limited partnerships, as Originators:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	BFI WASTE SERVICES OF INDIANA, LP

BFI WASTE SERVICES OF TEXAS, LP	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	Allied Waste Landfill Holdings, Inc., as sole
General Partner of the foregoing limited
partnerships	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Name:	 	Michael S. Burnett	 	 
	 	 	Title:	 	Treasurer	 	 

Sixteenth Amendment to

Receivables Sale Agreement

S-2-F

 

	 	 	 	 	 	 	 	 	 
	 	 	REGIONAL DISPOSAL COMPANY, as an Originator	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	Rabanco, Ltd., as Managing Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Name:	 	Michael S. Burnett	 	 
	 	 	Title:	 	Treasurer	 	 

Sixteenth Amendment to

Receivables Sale Agreement

S-2-G

 

	 	 	 	 	 
	CONSENTED TO BY:	 	 
	 
	 	 	 	 
	WACHOVIA BANK, NATIONAL
 ASSOCIATION, as VFCC
Liquidity Bank, as 
Lender Group Agent for the
VFCC Group and as Agent	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	Name:
	 	 	 	 
	Title:
	 	 	 	 

Sixteenth Amendment to

Receivables Sale Agreement

S-3

 

	 	 	 	 	 
	CALYON NEW YORK BRANCH, as Atlantic
 Liquidity
Bank and as Lender Group Agent for
 the Atlantic
Group	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	Name:
	 	 	 	 
	Title:
	 	 	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	Name:
	 	 	 	 
	Title:
	 	 	 	 

Sixteenth Amendment to

Receivables Sale Agreement

S-4

 

	 	 	 	 	 
	ALLIED WASTE INDUSTRIES, INC., as
 Performance
Guarantor	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	Name:

	 	Michael S. Burnett	 	 
	Title:

	 	Treasurer	 	 

Sixteenth Amendment to

Receivables Sale Agreement

S-5

 

Schedule E

Excluded Trux System Divisions

[To be provided by Allied]exv10w128

 

Exhibit 10.128

FIFTH AMENDMENT TO

AMENDED AND RESTATED

CREDIT AND SECURITY AGREEMENT

     THIS FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT, dated as of
October 30, 2007 (this “Amendment”), is entered into by and among ALLIED RECEIVABLES
FUNDING INCORPORATED, as Borrower (the “Borrower”), ALLIED WASTE NORTH AMERICA, INC., as
initial Servicer (the “Servicer”), VARIABLE FUNDING CAPITAL COMPANY LLC, as a Conduit
Lender, WACHOVIA BANK, NATIONAL ASSOCIATION (“Wachovia”), as Agent (in such capacity, the
“Agent”), as Lender Group Agent for the VFCC Group and as VFCC Liquidity Bank, ATLANTIC
ASSET SECURITIZATION LLC, as a Conduit Lender, and CALYON NEW YORK BRANCH (“Calyon”), as
Lender Group Agent for the Atlantic Group and as Atlantic Liquidity Bank. Capitalized terms used
and not otherwise defined herein are used as defined in the Agreement (as defined below and amended
hereby).

     WHEREAS, the parties hereto have entered into that certain Amended and Restated Credit and
Security Agreement, dated as of May 30, 2006 (as amended, restated, supplemented or otherwise
modified to the date hereof, the “Agreement”);

     WHEREAS, the parties hereto desire to amend the Agreement in certain respects as hereinafter
set forth;

     NOW THEREFORE, in consideration of the premises and the other mutual covenants contained
herein, the parties hereto agree as follows:

     SECTION 1. Amendments. The Agreement is amended as follows:

          (a) Section 9.1(h)(iii) of the Agreement is amended by replacing the percentage
“2.5%” where it appears therein with the percentage “4.5%”.

          (b) The following new Section 14.14 is added to the Agreement following
existing Section 14.13:

               Section 14.14. Ordinary Course.

          The Borrower represents and warrants that each remittance of principal or
interest in respect of the Loans by the Borrower to the Lenders hereunder will
have been (i) in payment of a debt incurred by the Borrower in the ordinary
course of business or financial affairs of the Borrower and (ii) made in the
ordinary course of business or financial affairs of the Borrower.

          (c) The definition of “Aggregate Commitment” set forth in Exhibit I to the
Agreement is amended and restated in its entirety as follows”

 

 

“Aggregate Commitment: On any date of determination, the aggregate
amount of the Liquidity Banks’ Commitments to make Loans hereunder. As of
October 30, 2007, the Aggregate Commitment is $400,000,000.”

          (d) The definition of “Receivable” set forth in Exhibit I to the Agreement is
amended and restated in its entirety as follows:

“Receivable: All indebtedness and other obligations owed to Borrower
or any Originator (at the time it arises, and before giving effect to any
transfer or conveyance under the Receivables Sale Agreement) or in which
Borrower or an Originator has a security interest or other interest, including,
without limitation, any indebtedness, obligation or interest constituting an
account, chattel paper, instrument or general intangible, arising in connection
with the sale of goods or the rendering of services by an Originator and all
other obligations of each Obligor in respect thereto, and further includes,
without limitation, the obligation to pay any Finance Charges and sales or use
taxes with respect thereto; provided, however, that
“Receivables” shall only include such indebtedness and other obligations that,
on the date such indebtedness or other obligation arises, are maintained on
either an Originator’s (or the Servicer’s) (i) “Commercial Management System”,
excluding the Excluded CMS Districts; (ii) “InfoPro System”, excluding the
Excluded InfoPro System Divisions and InfoPro System obligations with a class
code of RESI or (iii) “Trux System”, excluding the Excluded Trux System
Divisions. Indebtedness and other rights and obligations arising from any one
transaction, including, without limitation, indebtedness and other rights and
obligations represented by an individual invoice, shall constitute a Receivable
separate from a Receivable consisting of the indebtedness and other rights and
obligations arising from any other transaction; provided,
further, that any indebtedness, rights or obligations referred to in
the immediately preceding sentence shall be a Receivable regardless of whether
the account debtor or Borrower treats such indebtedness, rights or obligations
as a separate payment obligation.”

          (e) The following definition is added in the appropriate alphabetical order
to Exhibit I to the Agreement:

“Excluded Trux System Divisions: The Trux System Divisions set forth on
Schedule F to this Agreement, as such schedule may be modified from time
to time in writing by the Borrower, each Originator, each Lender Group Agent and
the Agent.”

          (f) Exhibit III to the Agreement is amended and restated in its entirety by
Exhibit III hereto.

          (g) Exhibit IV to the Agreement is amended and restated in its entirety by
Exhibit IV hereto.

2

 

          (h) Schedule A to the Agreement is amended and restated in its entirety by
Schedule A hereto.

          (i) Schedule C to the Agreement is amended and restated in its entirety by
Schedule C hereto

          (j) Schedule F hereto is added to the Agreement as Schedule F thereto.

     SECTION 2. Representations and Warranties. Each of the Servicer and the Borrower
represents and warrants to the Secured Parties that:

     (a) the representations and warranties of the Loan Parties set forth in Article
V of the Agreement (as amended hereby) are true and correct as of the date hereof
(unless stated to relate solely to an earlier date, in which case such representations and
warranties were true and correct as of such earlier date);

     (b) no Amortization Event has occurred and is continuing;

     (c) its execution and delivery of this Amendment, and its performance of its
obligations under the Agreement (as amended hereby) are within its corporate powers and have
been duly authorized by all necessary corporate action on its part; and

     (d) the Agreement (as amended hereby) is the valid and legally binding obligation of
such Person, enforceable against such Person in accordance with its terms.

     SECTION 3. Consent of Performance Guarantor. Reference is hereby made to the
Performance Undertaking, and by executing a counterpart to this Amendment, the Performance
Guarantor hereby consents to this Amendment.

     SECTION 4. Structuring Fees. In connection with this Amendment and the transactions
contemplated hereby, the Borrower shall pay (or cause to be paid) on or prior to date hereof to
each of Wachovia and Calyon, for their own accounts, a structuring fee (together, the
“Structuring Fees”) in the amount of $50,000 (in an aggregate amount of $100,000 for both
Structuring Fees together) by wire transfer of immediately available funds to the respective
accounts specified by Wachovia and Calyon.

     SECTION 5. Costs and Expenses. The Borrower hereby agrees that in addition to any
costs otherwise required to be paid pursuant to the Transaction Documents, the Borrower shall,
promptly following demand therefor, pay the reasonable legal fees and out-of pocket expenses of
each of Wachovia and Calyon and all audit fees and due diligence costs incurred by Wachovia and
Calyon in connection with the consummation of this Amendment and the transactions contemplated
hereby (including, without limitation, the consummation of agreements described in Section
6(b) below and the transactions contemplated thereby).

     SECTION 6. Effectiveness. This Amendment shall be effective as of date hereof upon
satisfaction of the following conditions precedent:

3

 

          (a) the Agent shall have received (i) counterparts to this Amendment duly executed by
each of the parties hereto and (ii) such other documents, certificates and opinions of
counsel as the Agent may reasonably request;

          (b) each of that certain Joinder to Receivables Sale Agreement and that certain
Sixteenth Amendment to the Receivables Sale Agreement, in each case, dated as of the date
hereof, shall have become effective in accordance with its terms;

          (c) the Borrower and the Servicer shall each be in compliance with each of its
covenants set forth herein and each of the Transaction Documents to which it is a party;

          (d) no event shall have occurred which constitutes an Amortization Event or an
Unmatured Amortization Event;

          (e) the Termination Date shall not have occurred; and

          (f) the Borrower shall have paid both Structuring Fees in accordance with Section
4 above.

     SECTION 7. Reference to and Effect on the Agreement and the Related Documents. Each
reference in the Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like
import shall mean and be, and any references to the Agreement in any other document, instrument or
agreement executed and/or delivered in connection with the Agreement shall mean and be, a reference
to the Agreement as amended hereby. Except as expressly amended by this Amendment, the Agreement
shall continue in full force and effect and is hereby ratified and confirmed.

     SECTION 8. Governing Law. This Amendment is governed by and shall be construed in
accordance with the laws of the State of New York, without giving effect to any conflicts of laws
principles that would apply the law of any other jurisdiction.

     SECTION 9. Severability. Each provision of this Amendment is severable from every
other provision of this Amendment for the purpose of determining the legal enforceability of any
provision hereof, and the unenforceability of one or more provisions of this Amendment in one
jurisdiction shall not have the effect of rendering such provision or provisions unenforceable in
any other jurisdiction.

     SECTION 10. Counterparts. This Amendment may be executed in one or more counterparts,
each of which shall be deemed to be an original, but all of which together shall constitute one and
the same instrument. Delivery of an executed counterpart of a signature page by facsimile or other
electronic means acceptable to the Agent shall be effective as delivery of a manually executed
counterpart of this Amendment.

[remainder of page intentionally left blank]

4

 

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

	 	 	 	 	 	 	 
	 	 	ALLIED RECEIVABLES FUNDING INCORPORATED, as Borrower
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Michael S. Burnett
	 	 	Title: Treasurer
	 
	 	 	 	 	 	 
	 	 	ALLIED WASTE NORTH AMERICA, INC.,

as Servicer
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Michael S. Burnett
	 	 	Title: Treasurer and Vice President

Fifth Amendment to A&R Credit and Security Agreement

S-1

 

	 	 	 	 	 	 	 
	 	 	VARIABLE FUNDING CAPITAL COMPANY LLC,

	 	 	as a Conduit Lender
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Wachovia Capital Markets, LLC,
	 	 
	 

	 	 	 	as Attorney-in-Fact	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name:
	 	 	Title:
	 
	 	 	 	 	 	 
	 	 	WACHOVIA BANK, NATIONAL

	 	 	ASSOCIATION, as VFCC Liquidity Bank, as 

	 	 	Lender Group Agent for the VFCC Group and as

	 	 	Agent
	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name:
	 	 	Title:

Fifth Amendment to A&R Credit and Security Agreement

S-2

 

	 	 	 	 	 	 	 
	 	 	ATLANTIC ASSET SECURITIZATION LLC,

	 	 	as a Conduit Lender
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Calyon New York Branch, as	 	 
	

	 	 	 	attorney-in-fact	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 
	 	 	Name:
	 	 	Title:
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 
	 	 	Name:
	 	 	Title:
	 
	 	 	 	 	 	 
	 	 	CALYON NEW YORK BRANCH, as Atlantic

	 	 	Liquidity Bank and as Lender Group Agent for the 

	 	 	Atlantic Group
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 
	 	 	Name:
	 	 	Title:
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 
	 	 	Name:
	 	 	Title:

Fifth Amendment to A&R Credit and Security Agreement

S-3

 

	 	 	 	 	 
	Consented to by:	 	 
	 
	 	 	 	 
	ALLIED WASTE INDUSTRIES, INC.	 	 
	as Performance Guarantor	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	Name:
	 	 	 	 
	Title:
	 	 	 	 

Fifth Amendment to A&R Credit and Security Agreement

S-4

 

Exhibit III

Originators, Jurisdiction of Organization, Places of Business, Chief Executive Office,

Locations of Records, Federal Employer Identification Number(s), Other Names

(Attached)

 

 

Exhibit IV

Names of Collection Banks; Lock-Boxes & Collection Accounts

[To be provided by Allied]

 

 

Schedule A

LENDER GROUPS, LENDER GROUP AGENTS, CONDUIT LENDERS, AND LIQUIDITY

BANKS AND COMMITMENTS OF LIQUIDITY BANKS

	 	 	 	 	 
	I. VFCC Group
	 	 	 	 
	 
	 	 	 	 
	Conduit Lender:

	 	Variable Funding Capital Company LLC

	 	 
	 
	
Lender Group Agent:

	 	
Wachovia Bank, National Association

	 	 
	 
	
Liquidity Banks:

	 	
Wachovia Bank, National Association

	 	 
	 
	
Commitment:

	 	

$200,000,000
	 	 
	 
	 	 	 	 
	II. Atlantic Group
	 	 	 	 
	 
	 	 	 	 
	Conduit Lender: 

	 	Atlantic Asset Securitization LLC	 	 
	 
	
Lender Group Agent:

	 	
Calyon New York Branch	 	 
	 
	

Liquidity Banks:

	 	

Calyon New York Branch	 	 
	 
	
Commitment:

	 	
$200,000,000	 	 

 

 

Schedule C

Originators

(See the list of Originators set forth on Exhibit III)

 

 

Schedule F

Excluded Trux System Divisions

[To be provided by Allied]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}]]