Document:

exv10w3

Exhibit 10.3

FIRST AMENDMENT

TO AMENDED AND RESTATED CREDIT AGREEMENT

     THIS FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT dated as of January 8, 2008
(this “Amendment”), is entered into among The Greenbrier Companies, Inc., an Oregon
corporation (the “Company”), TrentonWorks Limited, a Nova Scotia corporation
(“TWI”), the Subsidiary Guarantors, the Lenders party hereto, Bank of America, N.A., as
U.S. Administrative Agent and Bank of America, N.A., acting through it Canada branch, as Canadian
Administrative Agent. Capitalized terms used herein and not otherwise defined shall have the
meanings ascribed thereto in the Credit Agreement.

RECITALS

     A. The Company, TWI, the Lenders, the U.S. Administrative Agent and the Canadian
Administrative Agent entered into that certain Amended and Restated Credit Agreement, dated as of
November 7, 2006 (the “Credit Agreement”).

     B. The parties hereto have agreed to amend the Credit Agreement as provided herein.

     C. In consideration of the agreements hereinafter set forth, and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree
as follows.

AGREEMENT

     1. Amendments.

     (a) Section 1.01. The following definitions in Section 1.01 of the Credit
Agreement are hereby amended to read as follows:

     “Aggregate Canadian Commitments” means $0.

     “Canadian Letter of Credit Sublimit” means CDN$0.

     “Canadian Swing Line Sublimit” means CDN$0.

     “Loan Documents” means (a) this Agreement, (b) each Note, (c) each
Issuer Document, (d) the Fee Letter, (e) the Guaranties, (f) the Security
Agreement, (g) the Pledge Agreement and (h) each other security agreement, pledge,
deed of trust, mortgage or other document purporting to create a Lien on the
Collateral.

     “Subsidiary” of a Person means a corporation, partnership, joint
venture, limited liability company or other business entity of which a majority of
the shares of securities or other interests having ordinary voting power for the
election of directors or other governing body (other than securities or interests
having such power only by reason of the happening of a contingency) are at the
time beneficially owned, or the management of which is otherwise controlled,
directly, or indirectly through one or more intermediaries, or both, by such
Person. Unless otherwise specified, all references herein to a

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“Subsidiary” or to
“Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Company. For
purposes of the Loan Documents, the term “Subsidiary” shall not include (a) any
“SPE” and (b) except for the preparation of the financial statements required by
Section 7.01 and calculation of the financial covenants set forth in Section 7.11,
TWI.

     “TWI” has the meaning specified in the introductory paragraph hereto.
As of January 8, 2008, TWI is not a Borrower or a Loan Party.

     (b) Termination of TWI as a Borrower, Etc.

     Notwithstanding anything to the contrary in this Amendment or in any other
Loan Document, as of the date hereof, TWI shall no longer be a Borrower, any
covenant or representation applicable to TWI in Articles V, VI or VII of the Credit
Agreement shall be of no further force or effect with respect to TWI and the
Canadian Commitments of each Canadian Lender are hereby terminated. The
Administrative Agents are hereby authorized and directed by the Lenders to execute
and deliver such agreements, terminations or other documents in connection with the
termination of the Canadian Revolving Credit Facility and removal of TWI as a
Borrower.

     2. Effectiveness; Conditions Precedent. This Amendment shall be effective as of the
date hereof when all of the conditions set forth in this Section shall have been satisfied in form
and substance satisfactory to the Administrative Agents.

     (a) Execution and Delivery of this Amendment. The Administrative Agents shall
have received copies of this Amendment duly executed by each Loan Party, the Required
Lenders, the Canadian Lenders, the U.S. Administrative Agent, the Canadian Administrative
Agent, the Canadian L/C Issuer and the Canadian Swing Line Lender.

     (b) Termination of Canadian Facility. The Total Canadian Outstandings shall
be $0, all outstanding Canadian Letters of Credit shall have been returned to the Canadian
L/C Issuer for cancellation, the Aggregate Canadian Commitments shall have been terminated
and all Obligations under the Canadian Revolving Credit Facility (other than contingent
indemnification obligations) shall have been satisfied.

     (c) Fees and Expenses. The Borrower shall have paid all fees and expenses
owed by the Borrower to the Administrative Agents and the Arranger.

     3. Ratification of Credit Agreement. The Loan Parties acknowledge and consent to the
terms set forth herein and agree that this Amendment does not impair, reduce or limit any of their
obligations under the Loan Documents.

     4. Authority/Enforceability. Each of the Loan Parties represents and warrants as
follows:

     (a) It has taken all necessary action to authorize the execution, delivery and
performance of this Amendment.

     (b) This Amendment has been duly executed and delivered by such Person and constitutes
such Person’s legal, valid and binding obligations, enforceable in accordance with its
terms.

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     (c) No consent, approval, authorization or order of, or filing, registration or
qualification with, any court or governmental authority or third party is required in
connection with the execution, delivery or performance by such Person of this Amendment.

     (d) The execution and delivery of this Amendment does not (i) violate, contravene or
conflict with any provision of its, or its Subsidiaries’ Organization Documents or (ii)
materially violate, contravene or conflict with any Laws applicable to it or any of its
Subsidiaries.

     5. Representations and Warranties of the Loan Parties. The Loan Parties represent and
warrant to the Lenders that after giving effect to this Amendment (a) the representations and
warranties of the Loan Parties set forth in Article V of the Credit Agreement are true and correct
in all material respects as of the date hereof, and (b) no event has occurred and is continuing
which constitutes a Default.

     6. Release. In consideration of the Lenders entering into this Amendment, the Loan
Parties hereby release the Administrative Agents, the Lenders, the L/C Issuers and the
Administrative Agents’ and the Lenders’ respective officers, employees, representatives, agents,
counsel and directors from any and all actions, causes of action, claims, demands, damages and
liabilities of whatever kind or nature, in law or in equity, now known or unknown, suspected or
unsuspected to the extent that any of the foregoing arises from any action or failure to act solely
in connection with the Loan Documents on or prior to the date hereof.

     7. Counterparts/Telecopy. This Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be an original, but all of which
shall constitute one and the same instrument. Delivery of executed counterparts of this Amendment
by telecopy or pdf shall be effective as an original.

     8. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF OREGON.

     9. Statutory Notice. UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE
BY THE LENDERS CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH ARE NOT FOR PERSONAL, FAMILY OR
HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER’S RESIDENCE MUST BE IN WRITING, EXPRESS
CONSIDERATION AND BE SIGNED BY THE LENDERS TO BE ENFORCEABLE.

     10. Reference to and Effect on Credit Agreement. Except as specifically modified
herein, the Credit Agreement and the other Loan Documents shall remain in full force and effect and
are each hereby ratified and confirmed. The execution, delivery and effectiveness of this
Amendment shall not operate as a waiver of any right, power or remedy of the Lenders or the
Administrative Agents under the Credit Agreement or any of the other Loan Documents, or
constitute a waiver or cones of any provision of the Credit Agreement or any of the other Loan
Documents, except as expressly set forth herein. This Amendment shall be considered a Loan
Document from and after the date hereof.

     11. Estoppel, Acknowledgement and Reaffirmation. The obligations of the Loan Parties
under the Loan Documents constitute valid and subsisting obligations of such Persons that are not
subject to any credits, offsets, defenses, claims, counterclaims or adjustments of any kind. Each
Loan Party hereby acknowledges its respective obligations under the Loan Documents as amended
hereby and reaffirms that each of the liens and security interests created and granted in or
pursuant to the Loan

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Documents are valid and subsisting and that this Amendment shall in no manner
impair or otherwise adversely affect such liens and security interests.

[remainder of page intentionally left blank]

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

	 	 	 	 	 
	BORROWERS: 	THE GREENBRIER COMPANIES, INC.,

an Oregon corporation

 	 
	 	By:  	/s/ Norriss M. Webb
 	 
	 	 	Name:  	Norriss M. Webb 	 
	 	 	Title:  	Executive Vice President 	 
	 
	 	TRENTONWORKS LIMITED,

a Nova Scotia corporation

 	 
	 	By:  	/s/ Shelley Alward
 	 
	 	 	Name:  	Shelley Alward 	 
	 	 	Title:  	Vice President — Human Resources 	 
	 
	 	 	 
	 	By:  	                    /s/ Eldon F. MacDonald
 	 
	 	 	Name:  	Eldon F. MacDonald 	 
	 	 	Title:  	Controller 	 

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	SUBSIDIARY GUARANTORS: 	GUNDERSON LLC,

an Oregon limited liability company

 	 
	 	By:  	/s/ Norriss M. Webb
 	 
	 	 	Name:  	Norriss M. Webb 	 
	 	 	Title:  	Vice President 	 
	 
	 	GREENBRIER LEASING COMPANY LLC,

an Oregon limited liability company

 	 
	 	By:  	/s/ Norriss M. Webb
 	 
	 	 	Name:  	Norriss M. Webb 	 
	 	 	Title:  	Executive Vice President 	 
	 
	 	GREENBRIER RAILCAR LLC,

an Oregon limited liability company

 	 
	 	By:  	/s/ Norriss M. Webb
 	 
	 	 	Name:  	Norriss M. Webb 	 
	 	 	Title:  	Vice President 	 
	 
	 	AUTOSTACK COMPANY LLC,

an Oregon limited liability company

 	 
	 	By:  	/s/ Norriss M. Webb
 	 
	 	 	Name:  	Norriss M. Webb 	 
	 	 	Title:  	Vice President 	 
	 
	 	GUNDERSON RAIL SERVICES LLC,

an Oregon limited liability company

 	 
	 	By:  	/s/ Norriss M. Webb
 	 
	 	 	Name:  	Norriss M. Webb 	 
	 	 	Title:  	Vice President 	 
	 
	 	GUNDERSON MARINE LLC,

an Oregon limited liability company

 	 
	 	By:  	/s/ Norriss M. Webb
 	 
	 	 	Name:  	Norriss M. Webb 	 
	 	 	Title:  	Vice President 	 
	 
	 	GREENBRIER-CONCARRIL, LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Norriss M. Webb
 	 
	 	 	Name:  	Norriss M. Webb 	 
	 	 	Title:  	Vice President 	 

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	 	GREENBRIER LEASING LIMITED PARTNER, LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Norriss M. Webb
 	 
	 	 	Name:  	Norriss M. Webb 	 
	 	 	Title:  	Executive Vice President 	 
	 
	 	GREENBRIER MANAGEMENT SERVICES, LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Norriss M. Webb
 	 
	 	 	Name:  	Norriss M. Webb 	 
	 	 	Title:  	Executive Vice President 	 
	 
	 	BRANDON RAILROAD LLC,

an Oregon limited liability company

 	 
	 	By:  	/s/ Norriss M. Webb
 	 
	 	 	Name:  	Norriss M. Webb 	 
	 	 	Title:  	Executive Vice President 	 
	 
	 	MERIDIAN RAIL HOLDINGS CORP.,

a Delaware corporation

 	 
	 	By:  	/s/ Norriss M. Webb
 	 
	 	 	Name:  	Norriss M. Webb 	 
	 	 	Title:  	Vice President 	 
	 
	 	MERIDIAN RAIL ACQUISITION CORP.

 	 
	 	By:  	/s/ Norriss M. Webb
 	 
	 	 	Name:  	Norriss M. Webb 	 
	 	 	Title:  	Vice President 	 
	 
	 	MERIDIAN RAIL MEXICO CITY CORP.

 	 
	 	By:  	/s/ Norriss M. Webb
 	 
	 	 	Name:  	Norriss M. Webb 	 
	 	 	Title:  	Vice President 	 

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	ADMINISTRATIVE AGENTS: 	BANK OF AMERICA, N.A., as U.S. Administrative Agent

 	 
	 	By:  	/s/ Tiffany Shin
 	 
	 	 	Name:  	Tiffany Shin 	 
	 	 	Title:  	Assistant Vice President 	 
	 
	 	BANK OF AMERICA, N.A., acting
through
its Canada Branch,
as Canadian Administrative Agent

 	 
	 	By:  	/s/ Medina Sales de Andrade
 	 
	 	 	Name:  	Medina Sales de Andrade 	 
	 	 	Title:  	Vice President 	 

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	LENDERS: 	BANK OF AMERICA, N.A.,

as a U.S. Lender and as U.S. L/C Issuer and U.S. Swing

Line Lender

 	 
	 	By:  	/s/ Eric Eidler
 	 
	 	 	Name:  	Eric Eidler 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	BANK OF AMERICA, N.A.,

acting through its Canada Branch, as a Canadian Lender
and as Canadian L/C Issuer and Canadian Swing Line Lender

 	 
	 	By:  	/s/ Medina Sales de Andrade
 	 
	 	 	Name:  	Medina Sales de Andrade 	 
	 	 	Title:  	Vice President 	 

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	 	UNION BANK OF CALIFORNIA, N.A.,

U.S. Lender

 	 
	 	By:  	/s/ Michael I. Hart
 	 
	 	 	Name:  	Michael I. Hart 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	U.S. BANK NATIONAL ASSOCIATION,

U.S. Lender

 	 
	 	By:  	/s/ Richard J. Ameny, Jr.
 	 
	 	 	Name:  	Richard J. Ameny, Jr. 	 
	 	 	Title:  	Vice President 	 
	 
	 	KEYBANK NATIONAL ASSOCIATION,

U.S. Lender

 	 
	 	By:  	/s/ Chris Swindell
 	 
	 	 	Name:  	Chris Swindell 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	BRANCH BANKING & TRUST COMPANY,

U.S. Lender

 	 
	 	By:  	/s/ Robert M. Searson
 	 
	 	 	Name:  	Robert M. Searson 	 
	 	 	Title:  	Senior Vice President 	 

	 	 	 	 	 	 	 	 	 
	CAYLON NEW YORK
BRANCH,

U.S. Lender
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Angel Naranjo
	 	 
	 	/s/ Brian Bolotin
	 	 
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Angel Naranjo

Title: Director
	 	 	 	Brian Bolotin
Managing Director	 	 

	 	 	 	 	 
	 	CRÉDIT INDUSTRIEL et COMMERCIAL, NEW YORK BRANCH,

U.S. Lender

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

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	 	COMERICA BANK,

U.S. Lender

 	 
	 	By:  	/s/ Steven Clear
 	 
	 	 	Name:  	Steven Clear 	 
	 	 	Title:  	AVP 	 
	 
	 	KEY BANK NATIONAL ASSOCIATION,

U.S. Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 	 	 
	 
	 	LASALLE BANK NATIONAL ASSOCIATION,

U.S. Lender

 	 
	 	By:  	/s/ Stefan Loeb
 	 
	 	 	Name:  	Stefan Loeb 	 
	 	 	Title:  	Vice President 	 
	 
	 	SOVEREIGN BANK,

U.S. Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	DVB BANK AG,

U.S. Lender

 	 
	 	By:  	/s/ Volker Eberhart
 	 
	 	 	Name:  	Volker Eberhart 	 
	 	 	Title:  	Vice President 	 
	 	 	 
	 	By:  	                        /s/ Martin Metz
 	 
	 	 	Name:  	Martin Metz 	 
	 	 	Title:  	Managing Director 	 
	 

10exv10w4

Exhibit 10.4

SECOND AMENDMENT

TO AMENDED AND RESTATED CREDIT AGREEMENT

     THIS SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT dated as of May 8, 2008 (this
“Amendment”), is entered into among The Greenbrier Companies, Inc., an Oregon corporation
(the “Company”), the Subsidiary Guarantors, the Lenders party hereto and Bank of America,
N.A., as U.S. Administrative Agent. Capitalized terms used herein and not otherwise defined shall
have the meanings ascribed thereto in the Credit Agreement.

RECITALS

     A. The Company, the Subsidiary Guarantors, the Lenders and the U.S. Administrative Agent
entered into that certain Amended and Restated Credit Agreement, dated as of November 7, 2006 (as
previously amended, the “Credit Agreement”).

     B. The parties hereto have agreed to amend the Credit Agreement as provided herein.

     C. In consideration of the agreements hereinafter set forth, and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree
as follows.

AGREEMENT

     1. Amendments.

(a) Section 1.01.

     (i) The following definitions in Section 1.01 of the Credit Agreement are
hereby amended to read as follows:

     “Joint Venture” means a Person or other legal arrangement which
meets the following criteria: (a) it is a single-purpose corporation,
partnership, limited liability company, joint venture or other similar legal
arrangement (whether created by contract or conducted through a separate
legal entity) formed by the Company or any of its Subsidiaries with another
Person in order to conduct a common venture or enterprise with such Person
and (b) the Company and its Subsidiaries directly or indirectly own less
than 75% of the Equity Interests.

     “Subsidiary” of a Person means a corporation, partnership,
joint venture, limited liability company or other business entity of which a
majority of the shares of securities or other interests having ordinary
voting power for the election of directors or other governing body (other
than securities or interests having such power only by reason of the
happening of a contingency) are at the time beneficially owned, or the
management of which is otherwise controlled, directly, or indirectly through
one or more intermediaries, or both, by such Person. Unless otherwise
specified, all references herein to a “Subsidiary” or to “Subsidiaries”
shall refer to a Subsidiary or Subsidiaries of the Company. For

1

 

purposes of the Loan Documents, the term “Subsidiary” shall not include
any “SPE” or any “Joint Venture”.

     “U.S. Swing Line Sublimit” means an amount equal to the lesser
of $25,000,000 and the amount available under the U.S. Revolver Ceiling.
The U.S. Swing Line Sublimit is part of, and not in addition to, the
Aggregate U.S. Commitments.

     (ii) The definition of “BBRM” in Section 1.01 of the Credit Agreement
is hereby deleted in its entirety.

     (b) Section 7.02(h). Section 7.02(h) of the Credit Agreement is hereby amended
to read as follows:

     (h) [Intentionally Omitted.]

     (c) Section 7.02(j). Section 7.02(j) of the Credit Agreement is hereby amended
to read as follows:

     (j) Investments in Greenbrier-GIMSA, LLC or Gunderson-GIMSA S. de R.L. de C.V.
made after the Closing Date in an aggregate outstanding amount not exceeding the sum
of (i) $30,000,000 plus (ii) any excess amount of Restricted Payments available to
be paid pursuant to Section 7.06(d) that have not been distributed and have
not been invested pursuant to Section 7.02(f) or 7.02(g); and

     (d) Section 7.03(d). The proviso at the end of Section 7.03(d) of the Credit
Agreement is hereby amended to read as follows:

provided; however, that the aggregate amount of all such Term Debt
at any one time outstanding pursuant to this subsection (d) shall not exceed
$200,000,000;

     (e) Section 7.03. Section 7.03 of the Credit Agreement is hereby amended by
deleting the word “and” at the end of clause (h) thereof, renumbering clause “(i)” as “(j)”
and adding the following new clause (i) immediately after clause (h) therein:

          (i) intercompany Indebtedness resulting from loans and advances permitted by
Section 7.02; and

     (f) Section 7.06(d). Section 7.06(d) of the Credit Agreement is hereby amended
to read as follows:

     (d) the Company may declare or pay Restricted Payments after the Closing Date
in an aggregate amount not to exceed the sum of (i) $25,000,000 plus (ii) 50% of the
cumulative net income of the Company and its Subsidiaries since August 31, 2006
minus (iii) all amounts available to make Restricted Payments pursuant to this
subsection (d) that have been invested pursuant to Sections 7.02(f),
7.02(g) and 7.02(j).

     (g) Section 7.11(b). The grid in Section 7.11(b) of the Credit Agreement is
hereby amended to read as follows:

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	Calendar Year	 	February 28/29	 	May 31	 	August 31	 	November 30
	2008
	 	 	0.75 to 1.0	 	 	 	0.75 to 1.0	 	 	 	0.75 to 1.0	 	 	 	0.75 to 1.0	 
	2009
	 	 	0.75 to 1.0	 	 	 	0.725 to 1.0	 	 	 	0.725 to 1.0	 	 	 	0.725 to 1.0	 
	2010
	 	 	0.725 to 1.0	 	 	 	0.70 to 1.0	 	 	 	0.70 to 1.0	 	 	 	0.70 to 1.0	 
	thereafter
	 	 	0.70 to 1.0	 	 	 	0.70 to 1.0	 	 	 	0.70 to 1.0	 	 	 	0.70 to 1.0	 

     (h) Section 7.12. Section 7.12 of the Credit Agreement is hereby amended to
read as follows:

     7.12 Capital Expenditures.

     Make or become legally obligated to make any expenditure in respect of the
purchase or other acquisition of any fixed or capital asset (excluding normal
replacements and maintenance which are properly charged to current operations),
except for capital expenditures in the ordinary course of business not exceeding
$50,000,000 in the aggregate in any fiscal year for the Company and its
Subsidiaries, and any such expenditures made for leasing assets.

     2. Effectiveness; Conditions Precedent. This Amendment shall be effective as of the
date hereof when all of the conditions set forth in this Section shall have been satisfied in form
and substance satisfactory to the U.S. Administrative Agent.

     (a) Execution and Delivery of this Amendment. The U.S. Administrative Agent
shall have received copies of this Amendment duly executed by each Loan Party, the Required
Lenders and the U.S. Administrative Agent.

     (b) Fees and Expenses. The U.S. Administrative Agent shall have received, for
the account of each Lender executing this Amendment, a fee of 0.125% of such Lender’s
Commitment and (ii) all other fees and expenses owed by the Borrower to the U.S.
Administrative Agent and the Arranger.

     3. Ratification of Credit Agreement. The Loan Parties acknowledge and consent to the
terms set forth herein and agree that this Amendment does not impair, reduce or limit any of their
obligations under the Loan Documents.

     4. Authority/Enforceability. Each of the Loan Parties represents and warrants as
follows:

     (a) It has taken all necessary action to authorize the execution, delivery and
performance of this Amendment.

     (b) This Amendment has been duly executed and delivered by such Person and constitutes
such Person’s legal, valid and binding obligations, enforceable in accordance with its
terms.

     (c) No consent, approval, authorization or order of, or filing, registration or
qualification with, any court or governmental authority or third party is required in
connection with the execution, delivery or performance by such Person of this Amendment.

3

 

     (d) The execution and delivery of this Amendment does not (i) violate, contravene or
conflict with any provision of its, or its Subsidiaries’ Organization Documents or (ii)
materially violate, contravene or conflict with any Laws applicable to it or any of its
Subsidiaries.

     5. Representations and Warranties of the Loan Parties. The Loan Parties represent and
warrant to the Lenders that after giving effect to this Amendment (a) the representations and
warranties of the Loan Parties set forth in Article V of the Credit Agreement are true and correct
in all material respects as of the date hereof, and (b) no event has occurred and is continuing
which constitutes a Default.

     6. Release. In consideration of the Lenders entering into this Amendment, the Loan
Parties hereby release the U.S. Administrative Agent, the Lenders, the L/C Issuers and the U.S.
Administrative Agent’s and the Lenders’ respective officers, employees, representatives, agents,
counsel and directors from any and all actions, causes of action, claims, demands, damages and
liabilities of whatever kind or nature, in law or in equity, now known or unknown, suspected or
unsuspected to the extent that any of the foregoing arises from any action or failure to act solely
in connection with the Loan Documents on or prior to the date hereof.

     7. Counterparts/Telecopy. This Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be an original, but all of which
shall constitute one and the same instrument. Delivery of executed counterparts of this Amendment
by telecopy or pdf shall be effective as an original.

     8. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF OREGON.

     9. Statutory Notice. UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE
BY THE LENDERS CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH ARE NOT FOR PERSONAL, FAMILY OR
HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER’S RESIDENCE MUST BE IN WRITING, EXPRESS
CONSIDERATION AND BE SIGNED BY THE LENDERS TO BE ENFORCEABLE.

     10. Reference to and Effect on Credit Agreement. Except as specifically modified
herein, the Credit Agreement and the other Loan Documents shall remain in full force and effect and
are each hereby ratified and confirmed. The execution, delivery and effectiveness of this
Amendment shall not operate as a waiver of any right, power or remedy of the Lenders or the U.S.
Administrative Agent under the Credit Agreement or any of the other Loan Documents, or constitute a
waiver of any provision of the Credit Agreement or any of the other Loan Documents, except as
expressly set forth herein. This Amendment shall be considered a Loan Document from and after the
date hereof.

     11. Estoppel, Acknowledgement and Reaffirmation. The obligations of the Loan Parties
under the Loan Documents constitute valid and subsisting obligations of such Persons that are not
subject to any credits, offsets, defenses, claims, counterclaims or adjustments of any kind. Each
Loan Party hereby acknowledges its respective obligations under the Loan Documents as amended
hereby and reaffirms that each of the liens and security interests created and granted in or
pursuant to the Loan Documents are valid and subsisting and that this Amendment shall in no manner
impair or otherwise adversely affect such liens and security interests.

[remainder of page intentionally left blank]

4

 

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

	 	 	 	 	 
	BORROWER: 	 THE GREENBRIER COMPANIES, INC.,

an Oregon corporation

 	 
	 	By:  	/s/ Mark J. Rittenbaum
 	 
	 	 	Name:  	Mark J. Rittenbaum 	 
	 	 	Title:  	Executive Vice President, Treasurer
and Chief Financial Officer 	 

THE
GREENBRIER COMPANIES
SECOND AMENDMENT

 

 

	 	 	 	 	 
	SUBSIDIARY GUARANTORS: 	 GUNDERSON LLC,

an Oregon limited liability company

 	 
	 	By:  	/s/ Mark J. Rittenbaum
 	 
	 	 	Name:  	Mark J. Rittenbaum 	 
	 	 	Title:  	Executive Vice President, Assistant Secretary 	 
	 
	 	GREENBRIER LEASING COMPANY LLC,

an Oregon limited liability company

 	 
	 	By:  	/s/ Mark J. Rittenbaum
 	 
	 	 	Name:  	Mark J. Rittenbaum 	 
	 	 	Title:  	Executive Vice 	 
	 
	 	GREENBRIER RAILCAR LLC,

an Oregon limited liability company

 	 
	 	By:  	/s/ Mark J. Rittenbaum
 	 
	 	 	Name:  	Mark J. Rittenbaum 	 
	 	 	Title:  	Treasurer 	 
	 
	 	AUTOSTACK COMPANY LLC,

an Oregon limited liability company

 	 
	 	By:  	/s/ Mark J. Rittenbaum
 	 
	 	 	Name:  	Mark J. Rittenbaum 	 
	 	 	Title:  	Vice President, Principle Financial and Accounting
Officer 	 
	 
	 	GUNDERSON RAIL SERVICES LLC,

an Oregon limited liability company

 	 
	 	By:  	/s/ Mark J. Rittenbaum
 	 
	 	 	Name:  	Mark J. Rittenbaum 	 
	 	 	Title:  	Vice President, Principle Financial and
Accounting Officer 	 
	 
	 	GUNDERSON MARINE LLC,

an Oregon limited liability company

 	 
	 	By:  	/s/ Mark J. Rittenbaum
 	 
	 	 	Name:  	Mark J. Rittenbaum 	 
	 	 	Title:  	Vice President, Principle Financial and
Accounting Officer 	 
	 
	 	GREENBRIER-CONCARRIL, LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Mark J. Rittenbaum
 	 
	 	 	Name:  	Mark J. Rittenbaum 	 
	 	 	Title:  	Vice President 	 

THE
GREENBRIER COMPANIES
SECOND AMENDMENT

 

 

	 	 	 	 	 
	 	GREENBRIER LEASING LIMITED PARTNER, LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Mark J. Rittenbaum
 	 
	 	 	Name:  	Mark J. Rittenbaum 	 
	 	 	Title:  	Principle Financial and Accounting Officer 	 
	 
	 	GREENBRIER MANAGEMENT SERVICES, LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Mark J. Rittenbaum
 	 
	 	 	Name:  	Mark J. Rittenbaum 	 
	 	 	Title:  	Principle Financial and Accounting Officer 	 
	 
	 	BRANDON RAILROAD LLC,

an Oregon limited liability company

 	 
	 	By:  	/s/ Mark J. Rittenbaum
 	 
	 	 	Name:  	Mark J. Rittenbaum 	 
	 	 	Title:  	Vice President 	 
	 
	 	MERIDIAN RAIL HOLDINGS CORP.,

a Delaware corporation

 	 
	 	By:  	/s/ Mark J. Rittenbaum
 	 
	 	 	Name:  	Mark J. Rittenbaum 	 
	 	 	Title:  	Vice President, Treasurer 	 
	 
	 	MERIDIAN RAIL ACQUISITION CORP.

 	 
	 	By:  	/s/ Mark J. Rittenbaum
 	 
	 	 	Name:  	Mark J. Rittenbaum 	 
	 	 	Title:  	Vice President, Treasurer 	 
	 
	 	MERIDIAN RAIL MEXICO CITY CORP.

 	 
	 	By:  	/s/ Mark J. Rittenbaum
 	 
	 	 	Name:  	Mark J. Rittenbaum 	 
	 	 	Title:  	Vice President, Treasuer 	 

THE
GREENBRIER COMPANIES
SECOND AMENDMENT

 

 

	 	 	 	 	 
	U.S. ADMINISTRATIVE AGENT: 	 BANK OF AMERICA, N.A., as U.S. Administrative Agent

 	 
	 	By 	/s/ Tiffany Shin
 	 
	 	 	Name: Tiffany Shin 	 
	 	 	Title: Assistant Vice President 	 

THE
GREENBRIER COMPANIES
SECOND AMENDMENT

 

 

	 	 	 	 	 
	LENDERS:  	BANK OF AMERICA, N.A.,

as a U.S. Lender and as U.S. L/C Issuer and U.S. Swing Line
Lender

 	 
	 	By  	/s/ Eric Eidler
 	 
	 	 	Name:  	Eric Eidler 	 
	 	 	Title:  	Senior Vice Presidet 	 
	 	 	 
	 	UNION BANK OF CALIFORNIA, N.A.,

U.S. Lender

 	 
	 
	 	By  	/s/ Stephen Sloan
 	 
	 	 	Name:  	Stephen Sloan 	 
	 	 	Title:  	Vice President 	 
	 
	 	U.S. BANK NATIONAL ASSOCIATION,

U.S. Lender

 	 
	 	By  	/s/ Richard J. Ameny, Jr.
 	 
	 	 	Name:  	Richard J. Ameny, Jr. 	 
	 	 	Title:  	Vice President 	 
	 
	 	KEYBANK NATIONAL ASSOCIATION,

U.S. Lender

 	 
	 	By  	/s/ Chris Swindell
 	 
	 	 	Name:  	Chris Swindell 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	BRANCH BANKING & TRUST COMPANY,

U.S. Lender

 	 
	 	By  	/s/ Robert M. Searson
 	 
	 	 	Name:  	Robert M. Searson 	 
	 	 	Title:  	Senior Vice President 	 
	 

	 	 	 	 	 	 	 	 	 
	CAYLON NEW YORK
BRANCH,
U.S. Lender
	 
	 	 	 	 	 	 	 	 
	By

	 	/s/ Brian Bolotin
	 	 
	 	/s/ Angel Naranjo
	 	 
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Brian Bolotin

Title:   Managing Director
	 	 	 	Angel Naranjo

Director	 	 
	 
	 	 	 	 	 	 	 	 
	CRÉDIT INDUSTRIEL et COMMERCIAL, NEW YORK BRANCH,
U.S. Lender
	 
	 	 	 	 	 	 	 	 
	By

	 	/s/ Adrienne Molloy
	 	 
	 	 /s/ Anthony Rock
	 	 
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Adrienne Molloy

Title:   Vice President
	 	 	 	Anthony Rock

Managing Director	 	 

THE
GREENBRIER COMPANIES
SECOND AMENDMENT

 

 

	 	 	 	 	 
	 	COMERICA BANK,

U.S. Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	SOVEREIGN BANK,

U.S. Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	DVB BANK AG,

U.S. Lender

 	 
	 	By:  	/s/ M. Metz
 	 
	 	 	Name:  	M. Metz 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                       /s/ M. Neuland
 	 
	 	 	Name:  	M. Neuland 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	BANK OF THE WEST,

U.S. Lender

 	 
	 	By:  	/s/ Brett German
 	 
	 	 	Name:  	Brett German 	 
	 	 	Title:  	Vice President 	 
	 

 THE
GREENBRIER COMPANIES
SECOND AMENDMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}]]