Document:

orctf-ex109_23.htm

Exhibit 10.9

EXECUTION VERSION

SECOND AMENDMENT TO 
REVOLVING CREDIT AGREEMENT

This SECOND AMENDMENT TO REVOLVING CREDIT AGREEMENT (this “Amendment”), dated as of December 18, 2019, is entered into by and among OWL ROCK TECHNOLOGY FINANCE CORP., a Maryland corporation (the “Initial Borrower”, and collectively with any other Borrower becoming party to the Credit Agreement (as defined below) (including Qualified Borrowers, the “Borrowers”)), WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”), as the Administrative Agent (as hereinafter defined) for the Secured Parties and as a Lender.

A.The parties hereto have entered into that certain Revolving Credit Agreement dated as of November 19, 2018 (as amended by that certain First Amendment to Revolving Credit Agreement dated as of June 6, 2019 and as further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”).

 

	
B.
	
The Borrower has requested that the Lenders agree to certain modifications to the Credit Agreement and the Lenders have agreed to the requested modifications on the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the mutual promises herein contained and for other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

Section 1.  Definitions.  All capitalized terms not otherwise defined herein are used as defined in the Credit Agreement.

Section 2.  Amendments to the Credit Agreement.  As of the Effective Date (as defined below), the Credit Agreement is hereby amended as follows:

2.1.Certain sections of the Credit Agreement are hereby amended as set forth on Annex A to this Amendment.  Language being inserted into the applicable section of the Credit Agreement is evidenced by bold and underline formatting.  Language being deleted from the applicable section of the Credit Agreement is evidenced by strike-through formatting.

 

2.2.Schedule II to the Credit Agreement is hereby amended and restated in its entirety and replaced with Annex B hereto.

Section 3.  Conditions Precedent.  Section 2 hereof shall become effective on the date (the “Effective Date”) upon which the Administrative Agent shall have received each of the following documents and each of the other conditions listed below are satisfied, the satisfaction of such conditions to be satisfactory to the Administrative Agent in form and substance:

(a)this Amendment, duly executed and delivered by the Borrower and the Lenders;  

(b)a Note duly executed and delivered by the Initial Borrower in favor of JPMorgan Chase Bank, N.A. in accordance with Section 3.1 of the Credit Agreement; 

USActive 54194530.3

 

(c)a Lender Joinder Agreement, duly executed and delivered by the parties thereto;

(d)certified resolutions of the Borrower, authorizing the entry into the transactions contemplated herein certified by a Responsible Officer of such Person as correct and complete copies thereof and in effect on the date hereof; and

(e)payment of all fees and other amounts due and payable on or prior to the date hereof; and, to the extent invoiced, reimbursement or payment of all reasonable expenses required to be reimbursed or paid by the Borrowers pursuant to the Loan Documents, including the reasonable and documented disbursements of the Administrative Agent’s special counsel, Cadwalader, Wickersham & Taft LLP.

Section 4.  Miscellaneous.

4.1.Amendment is a “Loan Document”.  This Amendment is a Loan Document and all references to a “Loan Document” in the Credit Agreement and the other Loan Documents (including, without limitation, all such references in the representations and warranties in the Credit Agreement and the other Loan Documents) shall be deemed to include this Amendment.

4.2.References to the Credit Agreement.  Upon the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import shall mean and be a reference to the Credit Agreement as amended hereby, and each reference to the Credit Agreement in any other document, instrument or agreement executed and/or delivered in connection with the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby.

4.3.Representations and Warranties.  The Borrower hereby represents and warrants that (a) this Amendment is the legal and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, subject to Debtor Relief Laws and general equitable principles (whether considered in a proceeding in equity or at law), (b) no Potential Default or Event of Default has occurred and is continuing on the Effective Date or immediately after giving effect to this Amendment; and (c) the representations and warranties set forth in the Credit Agreement and in the other Loan Documents are true and correct in all material respects on and as of the Effective Date with the same force and effect as if made on and as of the Effective Date; provided that if any such representation and warranty is qualified as to materiality, with respect to such representation and warranty, the materiality qualifier set forth above shall be disregarded for the purposes of this condition; provided, further, to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date;

 

4.4.Reaffirmation of Obligations.  The Borrower (a) acknowledges and consents to all of the terms and conditions of this Amendment, (b) affirms all of its obligations under the Loan Documents, and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge the Borrower’s obligations under the Loan Documents.

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4.5.Reaffirmation of Security Interests.  The Borrower (a) affirms that each of the Liens granted in or pursuant to the Loan Documents are valid and subsisting, and (b) agrees that this Amendment and all documents executed in connection herewith shall in no manner impair or otherwise adversely affect any of the Liens granted in or pursuant to the Loan Documents.

4.6.No Other Changes.  Except as specifically amended by this Amendment, the Credit Agreement and all other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed.

4.7.No Waiver.  The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any Agent or any Lender under the Credit Agreement or any other document, instrument or agreement executed in connection therewith, nor constitute a waiver of any provision contained therein, except as specifically set forth herein.

4.8.Governing Law.  This Amendment, and any claim, controversy or dispute arising under or related to or in connection therewith, the relationship of the parties, and/or the interpretation and enforcement of the rights and duties of the parties will be governed by the laws of the State of New York without regard to any conflicts of law principles other than Section 5-1401 of the New York General Obligations Law. 

4.9.Successors and Assigns.  This Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective permitted successors and assigns as provided in the Credit Agreement.

4.10.Headings.  Section headings are for convenience of reference only and shall in no way affect the interpretation of this Amendment. 

4.11.Multiple Counterparts.  This Amendment may be executed in any number of counterparts, all of which taken together shall constitute one and the same agreement, and any of the parties hereto may execute this Amendment by signing any such counterpart. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or in electronic (i.e., “pdf” or “tif”) format shall be effective as delivery of a manually executed counterpart of this Amendment. 

REMAINDER OF PAGE INTENTIONALLY LEFT BLANK
SIGNATURE PAGES FOLLOW.

 

3

 

 

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

      BORROWER:

OWL ROCK TECHNOLOGY FINANCE CORP.

 

By: ______________________________________
Name:  Alan Kirshenbaum
Title:    Chief Financial Officer

 

 

WF – Owl Rock Tech BDC

Second Amendment

 

                                                                        ADMINISTRATIVE AGENT AND LENDER:

WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Administrative Agent, Letter of Credit Issuer and a Lender

By:
      Name:  
      Title:    

 

 

WF – Owl Rock Tech BDC

Second Amendment

 

LENDERS:

STATE STREET BANK AND TRUST COMPANY, as Lender

	
 
	
By:
	

Name:  
Title:    

 

 

 

 

 

WF – Owl Rock Tech BDC

Second Amendment

 

PNC BANK, NATIONAL ASSOCIATION, as Lender

 

By: ________________________________
       Name:  
       Title: 

WF – Owl Rock Tech BDC

Second Amendment

 

JPMORGAN CHASE BANK, N.A., as Lender

 

By: ________________________________
       Name:  
       Title:

 

WF – Owl Rock Tech BDC

Second Amendment

ANNEX A

 

ANNEX A

 

[Attached Separately.]

 

 

Annex A

 

 

SCHEDULE II

Commitments

	
Lender Name
	
Commitment

	
Wells Fargo Bank, National Association
	
$350,000,000

	
State Street Bank and Trust Company
	
$200,000,000

	
PNC Bank, National Association
	
$250,000,000

	
JPMorgan Chase Bank, N.A.
	
$100,000,000

	
Maximum Commitment
	
$900,000,000

 

Annex Bstaa-ex43_198.htm

EXHIBIT 4.3

DESCRIPTION OF REGISTRANT’S SECURITIES

As of February 27 2020, STAAR Surgical Company, a Delaware corporation (hereinafter, the “Company”), had one class of securities registered pursuant to Section 12 of the U.S. Securities Exchange Act of 1934, as amended: Common Stock, par value $0.01 per share (the “Common Stock”).  The Common Stock is listed on The NASDAQ Stock Market LLC under the trading symbol “STAA.”  The following summary includes a brief description of the Common Stock, as well as certain related additional information.

General. The Company’s authorized capital stock consists of 60,000,000,000 shares of Common Stock, and 10,000,000 shares of preferred stock, par value $0.01 per share (the “Preferred Stock”) issuable in one or more series from time to time by resolution of the Company’s Board of Directors (the “Board”).  Except for restricted stock issued to some of our employees as incentive compensation, all of the outstanding shares of the Company’s Common Stock are fully paid and non-assessable. 

Voting Rights.  Holders of Common Stock are entitled to one vote for each share held of record on all matters submitted to a vote of the stockholders.  Holders of Common Stock are not entitled to cumulative voting rights in the election of directors.

Dividend Rights. Subject to the preferences of any then outstanding shares of Preferred Stock, each holder of Common Stock is entitled to receive a pro rata share of any dividends that may be declared by the Board of Directors out of funds legally available for that purpose. 

No Preemption, Conversion or Redemption Rights; No Sinking Fund Provisions. Holders of Common Stock have no preemptive rights and no right to convert their common stock into any other securities. No redemption or sinking fund provisions apply to any of our common stock. 

Right to Receive Liquidation Distributions. If the Company is liquidated, dissolved or wound up, each holder of Common Stock is entitled to a pro rata share of the net proceeds after payment of all liabilities and the payment of the liquidation preferences of any then outstanding shares of Preferred Stock.

Anti-Takeover Effects of the Provisions of Delaware Law and the Charter Documents of the Company. 

Delaware Takeover Statute 

The Company is incorporated in Delaware and is thus subject to Section 203 of the Delaware General Corporation Law. This is an anti-takeover law, which restricts transactions and business combinations between a corporation and an interested stockholder owning 15% or more of a corporation’s outstanding voting stock, for a period of three years from the date the stockholder becomes an interested stockholder. With some exceptions, unless the transaction is approved by the Board and the holders of at least two-thirds of the outstanding voting stock of a corporation, excluding shares held by the interested stockholder, this law prohibits significant business transactions such as a merger with, disposition of assets to, or receipt of disproportionate financial benefits by, the interested stockholder, or any other transaction that would increase the 

 

 

interested stockholder’s proportionate ownership of any class or series of the corporation’s stock. The statutory ban does not apply to a person who became an interested stockholder in a transaction approved by the Board. The statutory ban also does not apply if, upon consummation of the transaction in which a person becomes an interested stockholder, the interested stockholder owns at least 85% of the outstanding voting stock of the corporation. This calculation does not include shares held by persons who are both directors and officers or by employee stock plans. 

Charter Documents 

Provisions of the Certificate of Incorporation and Bylaws could make it more difficult for a third party to acquire the Company, or discourage a third party from attempting to acquire control of the Company. These provisions are intended to discourage coercive takeover practices and inadequate takeover bids and to encourage persons seeking to acquire control of the Company to first negotiate with the Board. However, these provisions could also limit the price investors might be willing to pay in the future for Common Stock and could have the effect of delaying or preventing a change in control. The Board believes that the benefits of increased protection of its ability to negotiate with the proponent of an unsolicited acquisition proposal outweigh the disadvantages of discouraging these proposals because, among other things, negotiation may result in an improvement of their terms. Nevertheless, these provisions could limit the price that investors might be willing to pay in the future for shares of Common Stock. These provisions include the following: 

• stockholders may not act by written consent; 

• some of the limitations on actions by stockholders cannot be changed without a 66-2/3% supermajority vote of stockholders; 

• stockholders must give advance notice to nominate directors or propose other business at meetings; and 

• the Board has the authority to issue up to 10,000,000 shares of Preferred Stock and to determine the price, rights, preferences, privileges and restrictions of those shares without any further vote or action by the stockholders.

The foregoing summary does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Certificate of Incorporation and Bylaws. For additional information we encourage you to read the Certificate of Incorporation and Bylaws, including amendments, all of which are exhibits to the Company’s Annual Report on Form 10‐K, and applicable provisions of the Delaware General Corporation Law.

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