Document:

Exhibit 10.1

Exhibit 10.1

EXECUTION VERSION

AMENDMENT NO. 1 
to
RECEIVABLES PURCHASE AGREEMENT

Dated as of September 29, 2014

THIS AMENDMENT NO. 1 TO RECEIVABLES PURCHASE AGREEMENT (this “Amendment”) is entered into as of September 29, 2014 by and among LKQ Receivables Finance Company, LLC, a Delaware limited liability company (the “Seller”), LKQ Corporation, a Delaware corporation (the “Servicer”), the conduits party hereto (the “Conduits”), the financial institutions party hereto (together with the Conduits, the “Purchasers”), the managing agents party hereto (the “Managing Agents”) and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as administrative agent (the “Administrative Agent”) for the Purchasers under the RPA (as defined below).
PRELIMINARY STATEMENTS

A.    The Seller, the Servicer, the Purchasers, the Managing Agents and the Administrative Agent are parties to that certain Receivables Purchase Agreement dated as of September 28, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “RPA”).  Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the RPA.

B.    The Seller, the Servicer, the Purchasers, the Managing Agents and the Administrative Agent have agreed to amend the RPA on the terms and subject to the conditions hereinafter set forth.

NOW, THEREFORE, in consideration of the premises set forth above, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

Section 1.Amendments.  Effective as of the date hereof, subject to the execution of this Amendment by the parties hereto and the satisfaction of the conditions precedent set forth in Section 1 below, the RPA is amended as follows:

(a)Section 5.1(p) of the RPA is amended and restated in its entirety as follows:

(p)    Not an Investment Company.  The Seller (i) is not a “covered fund” under the Volcker Rule and (ii) is not, and after giving effect to the transactions contemplated hereby, will not be required to register as, an “investment company” within the meaning of the Investment Company Act of 1940, as amended, or any successor statute.  In determining that the Seller is not a covered fund, the Seller either does not rely solely on the exemption from the definition of “investment company” set forth in Section 3(c)(1) and/or 3(c)(7) of the Investment Company Act of 1940 or is entitled to the benefit of the exclusion for loan securitizations in the Volcker Rule under 17 C.F.R. 75.10(c)(8).

(b)Section 5.1 of the RPA is amended to insert the following new clause (aa) at the end thereof:

(aa)    Anti-Corruption Laws and Sanctions.  Policies and procedures have been implemented and are currently maintained by Servicer that are designed to achieve compliance by the 

Transaction Parties and their respective Subsidiaries with Anti-Corruption Laws and applicable Sanctions, giving due regard to the nature of such Person’s business and activities, and each of the Transaction Parties, their respective Subsidiaries and their respective officers and employees and, to the knowledge of the Authorized Officers of each of the Transaction Parties, its respective officers, employees, directors and agents acting in such capacity in connection with or directly benefitting from the credit facility established hereby, are in compliance with Anti-Corruption Laws and applicable Sanctions, in each case in all material respects.  None of (a) the Transaction Parties or any of their respective Subsidiaries or, to the knowledge of the Authorized Officers of the Transaction Parties, as applicable, any of their respective directors, officers, employees or agents that will act in such capacity in connection with or directly benefit from the credit facility established hereby, is a Sanctioned Person, and (b) the Transaction Parties nor any of their respective Subsidiaries is organized or resident in a Sanctioned Country.  No proceeds of any purchase hereunder shall be used by any Transaction Party in any manner will violate Anti-Corruption Laws or applicable Sanctions.

(c)Section 7.1 of the RPA is amended to insert the following new clause (n) at the end thereof:

(n)    Anti-Corruption Laws and Sanctions.  Servicer shall maintain and enforce policies and procedures that are designed in good faith and in a commercially reasonable manner to promote and achieve compliance, in the reasonable judgment of Servicer, by the Seller Party, each Originator and each of their respective Subsidiaries and their respective directors, officers and employees with Anti-Corruption Laws and applicable Sanctions, in each case giving due regard to the nature of such Person’s business and activities.

(d)Section 7.2 of the RPA is amended to insert the following new clause (h) at the end thereof:

(h)    Anti-Corruption Laws and Sanctions.  Such Seller Party shall not (and will not permit any Originator to) use directly or indirectly, and each Seller Party shall procure that its Subsidiaries and its or their respective directors, officers and employees shall not use directly or indirectly, the proceeds of any purchase hereunder, (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding or financing any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in each case to the extent doing so would violate any Sanctions, or (C) in any other manner that would result in liability to any party hereto under any applicable Sanctions or the violation of any Sanctions by any such Person.

(e)Section 10.2(a) of the RPA is amended and restated in its entirety as follows:

Section 10.2    Increased Cost and Reduced Return. (a)  If any Regulatory Change (i) subjects any Purchaser or any Funding Source to any charge or withhold-ing on or with respect to any Funding Agreement or this Agreement or a Purchaser’s or Funding Source's obligations under a Funding Agreement or this Agreement, or on or with respect to the Receivables, or changes the basis of taxation of payments to any Purchaser or any Funding Source of any amounts payable under any Funding Agreement or this Agreement (except for changes in the rate of tax on the overall net income of a Purchaser or Funding Source or taxes excluded by Section 10.1) or (ii) imposes, modifies or deems applicable any reserve, assessment, fee, tax (except for taxes excluded by Section 10.1), insurance charge, special deposit or similar requirement against assets of, deposits with or for the account of, or liabilities of a Funding Source or a Purchaser, or credit extended by a Funding Source or a Purchaser pursuant to a Funding Agreement or this Agreement or (iii) imposes any other condition the result of which is to increase the cost to a Funding Source or a Purchaser 

of performing its obligations under a Funding Agreement or this Agreement, or to reduce the rate of return on a Funding Source's or Purchaser’s capital as a consequence of its obligations under a Funding Agreement or this Agreement, or to reduce the amount of any sum received or receivable by a Funding Source or a Purchaser under a Funding Agreement or this Agreement, or to require any payment calculated by reference to the amount of interests or loans held or interest received by it, then, the applicable Managing Agent shall notify the Seller of such Regulatory Change and upon demand by such Managing Agent, the Seller shall pay to such Managing Agent (for the benefit of the relevant Funding Source or Purchaser), such amounts charged to such Funding Source or Purchaser or such amounts to otherwise compensate such Funding Source or such Purchaser for such increased cost or such reduction; provided that such Managing Agent shall provide the Seller with at least ten (10) Business Days’ prior notice of any amounts payable under clause (iii) above.  The term “Regulatory Change” shall mean (i) the adoption after the date hereof of any applicable law, rule or regulation (including any applicable law, rule or regulation regarding capital adequacy) or any change therein after the date hereof, or (ii) any change after the date hereof in the interpretation or administration thereof by any governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance with any request or directive (whether or not having the force of law) of any such authority, central bank or comparable agency; provided that, for purposes of this definition, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements or directives thereunder or issued in connection therewith or in the implementation thereof, (y) all requests, rules, guidelines, requirements or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, and (z) the United States bank regulatory rule titled Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance: Regulatory Capital; Impact of Modification to Generally Accepted Accounting Principles; Consolidation of Asset-Backed Commercial Paper Programs; and Other Related Issues, adopted on December 15, 2009 and all requests, rules, guidelines, requirements or directives thereunder or issued in connection therewith or in the implementation thereof, shall in each case be deemed to be a “Regulatory Change”, regardless of the date enacted, adopted, issued or implemented.

(f)The table appearing in the definition of “Concentration Limit” appearing in Exhibit I to the RPA is hereby amended and restated as follows:

	
		
	Short-Term Debt Ratings
	Concentration Percentage

	At least A-1 by S&P and at least P-1 by Moody’s
	14.00%

	At least A-2 by S&P and at least P-2 by Moody’s
	7.00%

	At least A-3 by S&P and at least P-3 by Moody’s
	4.67%

	Any other Short-Term Debt Rating or Unrated by either S&P or Moody’s
	3.50%

(g)Clause (iv) of the definition of “Eligible Receivable” appearing in Exhibit I to the RPA is hereby amended and restated as follows:

(iv)which (a) by its terms is due and payable within 120 days of the original billing date therefor, (b) has not had its payment terms extended and (c) has not had its original billing date changed for any portion thereof,

(h)The definition of “LIBO Rate” appearing in Exhibit I to the RPA is hereby amended and restated as follows:

“LIBO Rate” means the rate per annum equal to the sum of (a) the rate appearing on a Bloomberg screen Bloomberg US2001M as of 11:00 a.m. (London time) two Business Days prior to the first day of the relevant Settlement Period, and having a maturity equal to one (1) month; provided that, (x) Bloomberg screen Bloomberg US2001M is not available to the Administrative Agent for any reason, the applicable LIBO Rate for the relevant Settlement Period shall instead be the applicable British Bankers’ Association Interest Settlement Rate for deposits in U.S. dollars as reported by any other generally recognized financial information service as of 11:00 a.m. (London time) two Business Days prior to the first day of such Settlement Period, and having a maturity equal to one (1) month, and (y) if no such rate is available to the Administrative Agent, the applicable LIBO Rate for the relevant Settlement Period shall instead be the rate determined by the Administrative Agent to be the rate at which BTMU offers to place deposits in U.S. dollars with first-class banks in the London interbank market at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Settlement Period, in the approximate amount to be funded at the LIBO Rate and having a maturity equal to one (1) month, divided by (b) one (1) minus the maximum aggregate reserve requirement (including all basic, supplemental, marginal or other reserves) which is imposed against the Administrative Agent in respect of Eurocurrency liabilities, as defined in Regulation D of the Board of Governors of the Federal Reserve System as in effect from time to time (expressed as a decimal), applicable to such Settlement Period.  The LIBO Rate shall be rounded, if necessary, to the next higher 1/16 of 1.00%.

(i)The definition of “Liquidity Termination Date” appearing in Exhibit I to the RPA is hereby amended and restated as follows:

“Liquidity Termination Date” means October 2, 2017.

(j)The definition of “Loss Reserve Floor Percentage” appearing in Exhibit I to the RPA is hereby amended and restated as follows:

“Loss Reserve Floor Percentage” means 14.0%.

(k)The definition of “Net Receivables Balance appearing in Exhibit I to the RPA is hereby amended and restated as follows:

“Net Receivables Balance” means, at any time, the Eligible Receivables Balance at such time reduced by (i) the aggregate amount by which the Outstanding Balance of all Eligible Receivables of each Obligor and its Affiliates exceeds the Concentration Limit for such Obligor, (ii) the aggregate amount by which the Outstanding Balance of Extended Payment Term Receivables (after giving effect to the reduction in clause (i) above) exceeds 2.00% of the Outstanding Balance of all Eligible Receivables, (iii) the Credit Memo Reserve times 1.25 and (iv) the Accrual for Rebates and Discounts at such time.

(l)The definition of “Purchase Limit” appearing in Exhibit I to the RPA is hereby amended and restated as follows:

“Purchase Limit” means $97,000,000, as such amount may be increased in accordance herewith.

(m)Exhibit I to the RPA is amended to add the following new defined terms in appropriate alphabetical order therein:

“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Seller Parties or their Subsidiaries from time to time concerning or relating to bribery or corruption, including, without limitation, the Foreign Corrupt Practices Act of 1977, as amended, and any applicable law or regulation implementing the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.

“Extended Payment Term Receivable” means a Receivable which by its terms is due and payable later than 60 days but within 120 days of the original billing date therefor.

“Sanctioned Country” means, at any time, a country or territory which is the subject or target of any Sanctions, including, without limitation, on September 29, 2014, Cuba, Burma (Myanmar), Iran, North Korea, Sudan and Syria.

“Sanctioned Person” means, at any time, (a) any Person currently the subject or the target of any Sanctions, including any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, and (b) any Person controlled by any such Person.

“Sanctions” means economic, financial or other sanctions or trade embargoes imposed, administered or enforced from time to time by the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or other relevant sanctions authority, including the U.S. and Canada.

“Transaction Parties” means, collectively, the Seller Parties and each Originator.

“Volcker Rule” means Section 13 of the U.S. Bank Holding Company Act of 1956, as amended, and the applicable rules and regulations thereunder

(n)Schedule A of the RPA is amended and restated in its entirety in the form attached as Exhibit 1 hereto.

Section 2.Conditions Precedent.  This Amendment shall become effective and be deemed effective, as of the date first above written, upon receipt by the Administrative Agent of (a) one copy of this Amendment duly executed by each of the parties hereto and (b) one copy of that certain amended and restated fee letter, dated as of the date hereof, duly executed by each of the parties thereto. 

Section 3.Covenants, Representations and Warranties of the Seller and the Servicer.

(a)Upon the effectiveness of this Amendment, each of the Seller and the Servicer hereby reaffirms all covenants, representations and warranties made by it in the RPA, as amended, and agrees that all such covenants, representations and warranties shall be deemed to have been re-made as of the effective date of this Amendment.

(b)Each of the Seller and the Servicer hereby represents and warrants as to itself (i) that this Amendment constitutes the legal, valid and binding obligation of such party enforceable against such party in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and general principles of equity which may limit the availability of equitable remedies and (ii) upon the effectiveness of this Amendment, that no event shall have occurred and be continuing which constitutes an Amortization Event or a Potential Amortization Event.

Section 4.Fees, Costs, and Expenses.  Without limiting the rights of the Administrative Agent, the Managing Agents and the Purchasers set forth in the RPA and the other Transaction Documents, the Seller agrees to pay on demand all reasonable fees and out-of-pocket expenses of external counsel and auditors for the Administrative Agent, the Managing Agents and the Purchasers incurred in connection with the preparation, execution and delivery of this Amendment and the other instruments and documents to be delivered in connection herewith, with respect to advising the Administrative Agent, the Managing Agents and the Purchasers as to their rights and responsibilities hereunder and thereunder and in connection with the follow-up monitoring and auditing related to the Receivables reporting.

Section 5.Reference to and Effect on the RPA.

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

(b)Except as specifically amended hereby, the RPA and other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed.

(c)The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any Purchaser, any Managing Agent or the Administrative Agent under the RPA or any of the other Transaction Documents, nor constitute a waiver of any provision contained therein.

Section 6.GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF NEW YORK.

Section 7.Execution in Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same instrument.

Section 8.Headings.  Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.

[Remainder of page left intentionally blank]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed on the date first set forth above by their respective officers thereto duly authorized, to be effective as herein above provided.

	
				
	 
	LKQ RECEIVABLES FINANCE COMPANY, LLC, as Seller

	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	By:
	/S/ JOHN S. QUINN

	 
	 
	Name:
	John S. Quinn

	 
	 
	Title:
	Vice President and CFO

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	LKQ CORPORATION, as Servicer

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 

	 
	By:
	/S/ VICTOR M. CASINI

	 
	 
	Name:
	Victor M. Casini

	 
	 
	Title:
	Senior Vice President

Signature Page to Amendment No. 1 
to Receivables Purchase Agreement

	
				
	 
	VICTORY RECEIVABLES CORPORATION, as a Conduit

	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	By:
	/S/ DAVID V. DeANGELIS

	 
	 
	Name:
	David V. DeAngelis

	 
	 
	Title:
	Vice President

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Financial Institution, as Administrative Agent and as a Managing Agent

	 

	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 

	 
	By:
	/S/ ERIC WILLIAMS

	 
	 
	Name:
	Eric Williams

	 
	 
	Title:
	Managing Director

Signature Page to Amendment No. 1 
to Receivables Purchase Agreement

EXHIBIT 1

SCHEDULE A
    
COMMITMENTS; PURCHASER GROUPS

	
		
	The Bank of Tokyo-Mitsubishi UFJ, Ltd.

	 
	 

	Managing Agent:
	The Bank of Tokyo-Mitsubishi UFJ, Ltd.

	Group Purchase Limit:
	$97,000,000

	Conduit:
	Victory Receivables Corporation

	Conduit Purchase Limit:
	$97,000,000

	Financial Institution:
	The Bank of Tokyo-Mitsubishi UFJ, Ltd.

	Commitment:
	$97,000,000EX-10.01

 EXHIBIT 10.01 

FIFTH AMENDMENT TO CREDIT AND SECURITY
AGREEMENT 
 This Fifth Amendment to Credit and Security Agreement (herein, the “Amendment”) is entered
into as of September 30, 2014, among Martin Marietta Funding LLC, a Delaware limited liability company (“Borrower”), Martin Marietta Materials, Inc., a North Carolina corporation, as initial Servicer (the
“Servicer”), each commercial paper conduit and financial institution from time to time a party to the Credit and Security Agreement (as defined below) as lenders (the “Lenders”), and SunTrust Bank, a Georgia banking
corporation, in its capacity as administrative agent for the Lenders (in such capacity, together with its successors and assigns, the “Administrative Agent”). 

PRELIMINARY STATEMENTS 

A. WHEREAS, the Borrower, the Servicer, the Lenders and the Administrative Agent entered into a certain Credit and Security
Agreement, dated as of April 19, 2013 (the Credit and Security Agreement, as the same has been amended prior to the date hereof, being referred to herein as the “Credit and Security Agreement”). All capitalized terms used
herein without definition shall have the same meanings herein as such terms have in the Credit and Security Agreement. 
 B.
WHEREAS, the Borrower and the Servicer have requested that the Administrative Agent and the Lenders (including the New Lenders (as defined below)) agree to amend the Credit and Security Agreement and the Administrative Agent and the
Lenders are willing to do so under the terms and conditions set forth in this Amendment; 
 C. WHEREAS, SunTrust, as a Lender
(the “Assignor”) has agreed to sell and assign, without recourse, an interest in and to a portion of its rights and obligations under the Credit and Security Agreement and under the other Transaction Documents to (i) PNC Bank,
National Association (“PNC”) and (ii) Regions Bank (“Regions”; PNC together with regions, the “New Lenders” and each a “New Lender” and each, an “Assignee”)
and the Borrower has consented to such assignment; 
 NOW, THEREFORE, for good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1. AMENDMENT.

 Subject to the satisfaction of the conditions precedent set forth in Section 2 below, the Credit and Security Agreement shall be as
follows: 
 1.1. Subclause (iii) of Clause (g) of Section 7.1 of the Credit Agreement shall be amended and
restated in its entirety and as so amended and restated shall read as follows: 

 (iii) The average of the Dilution Ratios for the three months then most recently ended shall
exceed 5.25%; or 
 1.2. Section 12.6 of the Credit Agreement shall be amended by deleting the words “Event of
Default” appearing therein and inserting the words “Amortization Event” in lieu thereof. Section 12.6 of the Credit Agreement shall be further amended by inserting the following sentence at the end thereof: 

“For the avoidance of doubt, a Lender and its Affiliates may only set off and apply deposits held and other
obligations owing by such Lender or its Affiliates to or for the credit or account of the Servicer against the obligations of the Servicer hereunder or under any other Transaction Document to such Lender or its Affiliates (and not against the
Borrower’s obligations).” 
 1.3. The defined terms “Facility Termination Date,”
“Fee Letter”, “Net Receivables Balance”, “Reserve Floor” and “Servicer Credit Agreement” appearing in Exhibit I to the Credit and Security Agreement shall be amended and restated in
their entirety and as so amended and restated shall read as follows: 
 “Facility Termination Date” means the earlier
of (i) September 30, 2016, and (ii) the Amortization Date. 
 “Fee Letter” means that certain Amended and Restated
Fee Letter dated as of September 30, 2014 by and among the Borrower, the Administrative Agent and the Lenders, as the same may be amended, restated or otherwise modified from time to time. 

“Net Receivables Balance” means, at any time, (a) the aggregate Eligible Receivables Balance at such time minus
(b) the aggregate amount by which the Eligible Receivables Balance of each Obligor and its Affiliates exceeds the Obligor Concentration Limit or Special Concentration Limit applicable to such Obligor, minus (c) the aggregate
Governmental Obligor Concentration Excess, minus (d) the aggregate Foreign Receivables Concentration Excess, and minus (e) the aggregate “Credit Memo Reserve” appearing on the general ledger of Martin Marietta. 

“Reserve Floor” means, for any month, the sum (expressed as a percentage) of (a) 12% plus (b) the greater of
(i) the product of the Expected Dilution Ratio and the Dilution Horizon Ratio and (ii) 3%, in each case, as of the immediately preceding Cut-Off Date. 

“Servicer Credit Agreement” means that certain Credit Agreement dated as of November 29, 2013, among Martin Marietta, as
borrower, JPMorgan Chase Bank, N.A., as administrative agent and the other parties thereto as amended, restated and otherwise modified from time to time and any refinancings or replacements thereof. 

  
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 1.4. Clause (s) of the defined term “Eligible Receivables”
appearing in Exhibit I to the Credit and Security Agreement shall be amended and restated in its entirety and as so amended and restated shall read as follows: 

(s) the Obligor of which is required to make payments into a Lock-Box or Collection Account that is the subject to a Collection Account
Agreement, provided, however, that if the Obligor on such Receivable is required to pay to a Collection Account that is or was in the name of TXI Operations, LP or Riverside Cement Company, such Collection Account shall not be required to be
subject to a Collection Account Agreement pursuant to this clause (s) until the date that is 75 days after the Fourth Amendment Date. 

1.5. Clause (aa) of the defined term “Eligible Receivables” appearing in Exhibit I to the Credit and
Security Agreement shall be amended and restated in its entirety and as so amended and restated shall read as follows: 
 (aa) which
does not represent (i) a Receivable generated in connection with the provision of goods or services to an Obligor that is a paving company, or (ii) a Receivable that is not a trade Receivable such as a “Rent Receivable” or an
“Employee Receivable”; and 
 1.6. Schedule A to the Credit and Security Agreement shall be amended and restated in
its entirety and as so amended and restated shall read as set forth on Schedule A attached hereto. 
 1.7. Exhibit IV to the
Credit and Security Agreement shall be amended and restated in its entirety and as so amended and restated shall read as set forth on Exhibit IV attached hereto. 

SECTION 2. CONDITIONS PRECEDENT. 

The effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent: 

2.1. The Borrower, the Servicer, the Lenders and the Administrative Agent shall have executed and delivered this Amendment.

 2.2. The Administrative Agent shall have received an executed copy of Amended and Restated Fee Letter. 

  
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 2.3. Each New Lender shall have received all fees due and payable under the
Amended and Restated Fee Letter. 
 2.4. The Administrative Agent shall have received an executed copy of the Agent Fee
Letter. 
 2.5. The Borrower shall have delivered a Note payable to Regions Bank. 

2.6. Such other documents and instruments incident to the execution and delivery of this Amendment, in a form reasonably
satisfactory to the Administrative Agent and its counsel, as may be reasonably requested by the Administrative Agent. 
 SECTION 3.
POST-CLOSING COVENANT. 
 3.1. Not later than 15 days after the date of this Amendment, the
Administrative Agent shall have received each fully executed Collection Account Agreement with respect to each Collection Account (to the extent not already received), in form and substance satisfactory to the Administrative Agent. 

3.2. It is hereby expressly agreed that the failure to satisfy the foregoing covenant within the time period set forth herein shall constitute
an Amortization Event under the Credit Agreement. 
 SECTION 4. JOINDER OF NEW
LENDERS; ASSIGNMENT AND ACCEPTANCE. 
 (a) Each New Lender hereby confirms that
it has received a copy of the Transaction Documents and the exhibits related thereto, together with copies of the documents which were required to be delivered under the Credit and Security Agreement as a condition to the making of the Advances and
other extensions of credit thereunder. Each New Lender acknowledges and agrees that it has made and will continue to make, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and
information as it has deemed appropriate, its own credit analysis and decisions relating to the Credit and Security Agreement. Each New Lender further acknowledges and agrees that the Administrative Agent has not made any representations or
warranties about the creditworthiness of the Borrower or any other party to the Credit and Security Agreement or any other Transaction Document or with respect to the legality, validity, sufficiency or enforceability of the Credit and Security
Agreement or any other Transaction Document or the value of any security therefor. 
 (b) Except as otherwise provided in the Credit and
Security Agreement, effective as of the date hereof, each New Lender (i) shall be deemed automatically to have become a party to the Credit and Security Agreement and have all the rights and obligations of a “Lender” under the
Credit and Security Agreement as if it were an original signatory thereto and (ii) agrees to be bound by the terms and conditions set forth in the Credit and Security Agreement as if it were an original signatory thereto. 

  
 4 

 (c) On the date hereof, the Assignor hereby absolutely and unconditionally sells and assigns,
without recourse, to the Assignee, and the Assignee hereby purchases and assumes, without recourse to or representation of any kind from Assignor, an interest in and to the Assignor’s rights and obligations under the Credit and Security
Agreement in an amount such that after giving effect to such sale, assignment and assumption, the Assignee’s Commitment will be as set forth on Schedule A attached hereto. 

(d) The Assignor, the Assignee, the New Lenders and each other Lender each agree to make such purchases and sales of interests in the Loans
outstanding on the date hereof among themselves so that each Lender and New Lender is then holding its relevant Percentage of outstanding Loans based on their Commitments as in effect after giving effect hereto and each Lender hereby agrees to
execute such further instruments and documents, if any, as the Administrative Agent may reasonably request in connection therewith. Such purchases and sales shall be arranged through the Administrative Agent by making available to the Administrative
Agent for the account of such other Lenders, in same day funds, an amount equal to (A) the portion of the outstanding principal amount of Loans to be purchased by such Lender, plus (B) interest accrued and unpaid to and as of such
date on such portion of the outstanding principal amount of such Loans. All subsequent extensions of credit under the Credit and Security Agreement shall be made in accordance with the respective Commitments of the Lenders from time to time party to
the Credit and Security Agreement as provided therein. 
 SECTION 5. REPRESENTATIONS AND
WARRANTIES. 
 In order to induce the Lenders (including the New Lenders) to execute and deliver this Amendment, each of the
Borrower and the Servicer hereby represent to the Lenders that as of the date hereof (a) the representations and warranties set forth in Article III of the Credit and Security Agreement are and shall be and remain true and correct in all
material respects (except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall remain true and correct in all material respects as of such earlier date) and
(b) each of the Borrower and the Servicer is in material compliance with the terms and conditions of the Credit and Security Agreement and no event has occurred and is continuing that would constitute an Amortization Event or a Potential
Amortization Event under the Credit and Security Agreement or shall result after giving effect to this Amendment. 
 SECTION 6.
MISCELLANEOUS. 
 6.1. The Borrower hereby acknowledges and agrees that the Liens created and provided for by the Transaction
Documents continue to secure, among other things, the Aggregate Unpaids and the performance of all of the Borrower’s obligations under the Transaction Documents and the Credit and Security Agreement as amended hereby; and the Transaction
Documents and the rights and remedies of the Lenders thereunder, the obligations of each of the Borrower and Servicer thereunder, and the Liens created and provided for thereunder remain in full force and effect and shall not be affected, impaired
or discharged hereby. Nothing herein contained shall in any manner affect or impair the priority of the liens and security interests created and provided for by the Transaction Documents as to the indebtedness which would be secured thereby prior to
giving effect to this Amendment. 

  
 5 

 6.2. Except as specifically amended herein, the Credit and Security Agreement shall continue in
full force and effect in accordance with its original terms. Reference to this specific Amendment need not be made in the Credit and Security Agreement, the Notes, or any other instrument or document executed in connection therewith, or in any
certificate, letter or communication issued or made pursuant to or with respect to the Credit and Security Agreement, any reference in any of such items to the Credit and Security Agreement being sufficient to refer to the Credit and Security
Agreement as amended hereby. 
 6.3. Each Borrower agrees to pay on demand all reasonable out-of-pocket costs and expenses of or incurred by
the Administrative Agent in connection with the negotiation, preparation, execution and delivery of this Amendment, including the reasonable fees and expenses of counsel for the Administrative Agent. 

6.4. This Amendment may be executed in any number of counterparts, and by the different parties on different counterpart signature pages, all
of which taken together shall constitute one and the same agreement. Any of the parties hereto may execute this Amendment by signing any such counterpart and each of such counterparts shall for all purposes be deemed to be an original. Delivery of a
counterpart hereof by facsimile transmission or by e-mail transmission of an Adobe portable document format file (also known as a “PDF” file) shall be effective as delivery of a manually executed
counterpart hereof. This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York. 

[SIGNATURE PAGE TO FOLLOW] 

  
 6 

 This Fifth Amendment to Credit and Security Agreement is entered into as of the date and year
first above written. 
  

							
		 		 	MARTIN MARIETTA FUNDING LLC, as Borrower
				
		 		 	By:	 	 /s/ Roselyn Bar

		 		 	Name:	 	 Roselyn Bar

		 		 	Title:	 	 VP and Secretary

			
		 		 	MARTIN MARIETTA MATERIALS, INC., as the Servicer
				
		 		 	By:	 	 /s/ Anne H. Lloyd

		 		 	Name:	 	 Anne H. Lloyd

		 		 	Title:	 	 EVP and CFO

Accepted and agreed to. 
  

							
		 		 	SUNTRUST BANK,
		 		 	individually as a Lender and as Administrative Agent
				
		 		 	By:	 	 /s/ Michael Peden

		 		 	Name:	 	 Michael Peden

		 		 	Title:	 	 Vice President

 [Signature Page to Fifth Amendment to Credit and Security Agreement] 

 
			
	PNC BANK, NATIONAL ASSOCIATION, as a
	Lender
		
	By:	 	 /s/ Mark Falcione

	Name:	 	 Mark Falcione

	Title:	 	 Executive Vice President

		
	Address:	 	PNC Bank, National Association
		 	225 Fifth Avenue
		 	4th Floor
		 	Pittsburgh, PA 15222
		 	Attention: Jessica Kennedy
		 	Telephone: (412) 467-1539
		 	Fax: (412) 705-1225
		 	Email: Jessica_Kennedy@pnc.com
	
	With a copy to:
		
		 	PNC Bank, National Association
		 	1600 Market Street
		 	21st Floor
		 	Philadelphia, PA 19103
		 	Attention: Christopher Blaney
		 	Telephone: (215) 585-7406
		 	Fax: (215) 585-7374
		 	Email: christopher.blaney@pnc.com

 [Signature Page Fifth Amendment to Credit and Security Agreement] 

 
			
	REGIONS BANK, as a Lender
		
	By:	 	 /s/ Mark A. Kassis

	Name:	 	 Mark A. Kassis

	Title:	 	 Senior Vice President

		
	Address:	 	Regions Bank
		 	1180 West Peachtree Street NW
		 	Suite 1000
		 	Atlanta, GA 30309
		 	Attention: Mark Kassis, Senior Vice President
		 	Telephone: (404) 221-4366
		 	Fax: (404) 221-4361
		 	Email: Mark.kassis@regions.com
		
	With a copy to	 	Regions Bank
		 	1180 West Peachtree Street NW
		 	Suite 1000
		 	Atlanta, GA 30309
		 	Attention: Linda Harris, Senior Vice President
		 	Telephone: (404) 221-4354
		 	Fax: (404) 221-4361
		 	Email: Linda.Harris@regions.com

 [Signature Page Fifth Amendment to Credit and Security Agreement] 

 SCHEDULE A 

COMMITMENTS 
  

					
	LENDER	  	 	COMMITMENT	  
	 SunTrust Bank
	  	$	100,000,000.00	  
	 PNC Bank, National Association
	  	$	 75,000,000.00	  
	 Regions Bank
	  	$	 75,000,000.00	  
	AGGREGATE COMMITMENT	  	$	250,000,000.00

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