Document:

exv10w17

Exhibit 10.17

Execution Version

First Amendment to Credit Agreement

     This First Amendment to Credit Agreement (this “Amendment”) dated as of February 17,
2010, is by and between Bank of the West (the “Bank”) and IXYS Corporation, a
Delaware corporation (the “Borrower”).

Recitals:

     A. The Bank and the Borrower are party to that certain Credit Agreement, dated as of November
13, 2009 (the “Existing Credit Agreement” and, as further amended from time to time, the “Credit
Agreement”).

     B. The Borrower has requested that the Bank amend the provisions of the Existing Credit
Agreement as provided herein on and subject to the terms and conditions set forth herein. The Bank
is willing to agree to the requests of the Borrower, but only on the terms and conditions set forth
herein.

Agreement:

     Now, Therefore, in consideration of the premises and the mutual covenants and
conditions contained herein, and for good and valuable consideration, the receipt and sufficiency
of which are hereby specifically acknowledged, the parties hereby covenant and agree as follows:

     1. Definitions; References; Interpretation.

     (a) Unless otherwise specifically defined herein, each capitalized term used herein (including
in the Recitals hereof) that is defined in the Existing Credit Agreement shall have the meaning
assigned to such term in the Existing Credit Agreement.

     (b) Each reference to “this Agreement,” “hereof,” “hereunder,” “herein” and “hereby” and each
other similar reference contained in the Existing Credit Agreement, and each reference to “the
Credit Agreement” and each other similar reference in the other Loan Documents, shall from and
after the date of this Amendment, refer to the Existing Credit Agreement, as amended hereby. This
Amendment is a Loan Document.

     2. Amendment to Section 5.2(i) of the Existing Credit Agreement. Upon the effectiveness of
this Amendment, Section 5.2(i) of the Existing Credit Agreement is amended as of the Amendment
Effective Date (as hereinafter defined) to read in full as follows:

	 	(i)	 	(a) As at the end of the fiscal quarter ending December 31, 2009, a minimum
Effective Tangible Net Worth of at least $160,000,000.00; (b) as at the end of the
fiscal quarter ending March 31, 2010, a minimum Effective Tangible Net Worth of at
least $140,000,000.00; and (c) for each fiscal quarter ending after March 31, 2010, a
minimum Effective Tangible Net Worth of at least $140,000,000.00 plus 50% of the
Borrower’s

 

 

	 	 	 	positive net income earned in each fiscal quarter ending on or after June 30, 2010.
For the purposes of this covenant, for the fiscal quarter ending March 31, 2010, if
there is a decrease in the Accumulated Foreign Exchange Currency Translation
Adjustments in the Borrower’s Accumulated Other Comprehensive Income (as such terms
are used in the Borrower’s 10K or 10Q, as applicable), the amount of such decrease
in Accumulated Foreign Exchange Currency Translation Adjustments shall be added to
the Borrower’s stated net worth in the calculation of Effective Tangible Net Worth.

     3. Representations and Warranties. The Borrower hereby represents and warrants to the Bank as
follows:

     (a) No Event of Default or event that, with the giving of notice or the passage of
time, or both, would be an Event of Default has occurred and is continuing (or would result
from the amendment of the Existing Credit Agreement contemplated hereby).

     (b) The execution, delivery and performance by the Borrower of this Amendment has been
duly authorized by all necessary corporate and other action and do not and will not require
any registration with, consent or approval of, or notice to or action by, any Person in
order to be effective and enforceable.

     (c) On and as of the date of this Amendment, all representations and warranties of the
Borrower contained in the Existing Credit Agreement and in each other Loan Document are true
and correct in all material respects (except to the extent such representations and
warranties expressly refer to an earlier date, in which case they are true and correct as of
such earlier date).

     4. Conditions of Effectiveness.

     (a) The Amendment shall become effective as of the date first set forth above (the “Amendment
Effective Date”) upon the satisfaction of all of the following conditions:

     (i) The Borrower shall have delivered to the Bank an original of this Amendment duly
executed by the Borrower;

     (ii) each of the representations and warranties of the Borrower in Section 3 of this
Amendment shall be true, correct and accurate as of the date of this Amendment; and

     (iii) unless waived by the Bank in the Bank’s sole discretion, the Bank shall have
received in immediately available funds all fees, costs and expenses (including, without
limitation, the reasonable fees, costs and expenses of counsel to the Bank) incurred by the
Bank connection with the transactions contemplated by the Loan Documents and reimbursable to
the Bank or directly payable by the Borrower pursuant to the terms of the Existing Credit
Agreement.

     (b) Except as expressly amended pursuant hereto, the Existing Credit Agreement and each of the
other Loan Documents shall remain unchanged and in full force and effect and are hereby ratified
and confirmed in all respects, and the Collateral described in the Loan Documents shall continue to
secure the Obligations.

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     5. General Provisions.

     (a) This Amendment shall be binding upon and inure to the benefit of the parties to the Credit
Agreement and their respective successors and assigns.

     (b) This Amendment may be executed in any number of counterparts, each of which shall be
deemed an original, but all such counterparts together shall constitute but one and the same
instrument. Each of the parties hereto understands and agrees that this document (and any other
document required herein) may be delivered by the other party thereto either in the form of an
executed original or an executed original sent by facsimile or electronic transmission to be
followed promptly by mailing of a hard copy original, and that receipt by the Bank of an
electronically or telecopier facsimile document purportedly bearing the signature of the Borrower
and shall bind the Borrower with the same force and effect as the delivery of a hard copy original.

     (c) This Amendment contains the entire and exclusive agreement of the parties to the Credit
Agreement with reference to the matters discussed herein. This Amendment supersedes all prior
drafts and communications with respect hereto. This Amendment may not be amended except in
accordance with the provisions of the Credit Agreement.

     (d) Section 8 of the Existing Credit Agreement is incorporated herein by this reference and
made applicable as if set forth herein in full.

[Signature page follows.]

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     In Witness Whereof, the parties hereto have as of the date first written above duly
executed this First Amendment to Credit Agreement.

	 	 	 	 	 	 	 

	 	 	Bank:	 	 
	 
	 	 	 	 	 	 
	 	 	Bank of the West	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Dirk Price
 

Dirk Price
	 	 
	 

	 	Title:
	 	Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Borrower:	 	 
	 
	 	 	 	 	 	 
	 	 	IXYS Corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Uzi Sasson
 

Uzi Sasson
	 	 
	 

	 	Title:
	 	Chief Financial Officer and Secretaryexv10w1

Exhibit 10.1

EXECUTION COPY

THIRD AMENDMENT TO

AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT

     THIS THIRD AMENDMENT TO AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT (this
“Amendment”), dated as of June 2, 2011, is entered into among COOPER RECEIVABLES LLC (the
“Seller”), COOPER TIRE & RUBBER COMPANY (the “Servicer”), MARKET STREET FUNDING LLC
(“Market Street”), as Related Committed Purchaser and as Conduit Purchaser and PNC BANK,
NATIONAL ASSOCIATION (“PNC”), as Administrator, as LC Participant, as LC Bank and as
Purchaser Agent.

RECITALS

     1. The parties hereto are parties to the Amended and Restated Receivables Purchase Agreement,
dated as of September 14, 2007 (as amended, restated, supplemented or otherwise modified through
the date hereof, the “Agreement”); and

     2. The parties hereto desire to amend the Agreement as hereinafter set forth.

     NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows:

     SECTION 1. Certain Defined Terms. Capitalized terms that are used but not defined
herein shall have the meanings set forth in the Agreement.

     SECTION 2. Amendments to the Agreement. The Agreement is hereby amended as follows:

     2.1 Section 6.7 of the Agreement is amended by adding the following phrase “to any
nationally recognized statistical rating organization or” to the beginning of clause (iii)
thereof immediately prior to the phrase “if applicable to” therein.

     2.2 The definition of “Facility Termination Date” set forth in Exhibit I to
the Agreement is amended by replacing each reference to the date “August 4, 2011” where it appears
therein with “June 2, 2014”.

     2.3 Clause (j)(i) of Exhibit V to the Agreement is amended by replacing the
phrase “the Seller, Cooper Tire or any of its Subsidiaries shall fail to pay” where it appears
therein with “the Seller or Cooper Tire shall fail to pay”.

     SECTION 3. Agreement to Increase Commitments. If, on or prior to August 25, 2011, (i)
the Commitment Increase Condition (as defined below) has been satisfied, (ii) the Seller has so
requested (in its discretion) by written notice to the Administrator, (iii) no Termination Event or
Unmatured Termination Event shall have occurred and then be continuing and (iv) the applicable
“Additional Structuring Fee,” if any, payable pursuant to the Purchaser Group Fee

 

 

Letter described
in Section 6(b) below has been paid in full, then Market Street and PNC (in all their
capacities under the Agreement) agree to increase each of the following to an amount not exceeding
$175,000,000 (from $125,000,000): (A) the Group Commitment of Market Street’s Purchaser Group, (B)
Market Street’s Commitment as a Related Committed Purchaser, (C) PNC’s Commitment as the LC Bank
and as an LC Participant and (D) the Purchase Limit. In the event of any such increase, the
parties hereto agree to use commercially reasonable efforts to enter into such amendments and/or
agreements reasonably deemed necessary by the Administrator to give effect thereto within two (2)
Business Days following the Administrator’s receipt of the foregoing notice.

     For purposes of the foregoing:

     (1) the “Commitment Increase Condition” shall be deemed to have been satisfied if the
Revolving Credit Agreement (including the negative covenants regarding indebtedness set forth in
Section 10.2.1 thereof) shall have been amended in accordance with its terms to permit the
Purchase Limit, commitments and outstanding Capital under the Agreement to be increased to
$175,000,000 as contemplated by this Section 3; and

     (2) “Revolving Credit Agreement” means the Loan and Security Agreement, dated as of
November 9, 2007, among Cooper Tire & Rubber Company and Max-Trac Tire Co., Inc., as borrowers, the
lenders from time to time party thereto, PNC, as syndication agent, the other parties from time to
time and JPMorgan Chase Bank, N.A., as co-documentation agents, as the same may be amended,
restated, supplemented or otherwise modified from time to time.

     SECTION 4. Representations and Warranties. Each of the Seller and the Servicer hereby
represents and warrants to the Administrator, each Purchaser and the Purchaser Agent as follows:

     (a) Representations and Warranties. The representations and warranties made by
it in the Transaction Documents are true and correct as of the date hereof (unless stated to
relate solely to an earlier date, in which case such representations or warranties were true
and correct as of such earlier date).

     (b) Enforceability. The execution and delivery by such Person of this
Amendment, and the performance of each of its obligations under this Amendment and the
Agreement, as amended hereby, are within each of its organizational powers and have been
duly authorized by all necessary organizational action on its part. This Amendment and the
Agreement, as amended hereby, are such Person’s valid and legally binding obligations,
enforceable in accordance with its terms.

     (c) No Termination Event. Both before and immediately after giving effect to
this Amendment and the transactions contemplated hereby, no Termination Event or Unmatured
Termination Event exists or shall exist.

     SECTION 5. Effect of Amendment. All provisions of the Agreement, as expressly amended
and modified by this Amendment, shall remain in full force and effect. After this Amendment becomes
effective, all references in the Agreement (or in any other Transaction Document) to “this
Agreement”, “hereof”, “herein” or words of similar effect referring to the

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Agreement shall be
deemed to be references to the Agreement as amended by this Amendment. This Amendment shall not be
deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Agreement
other than as set forth herein.

     SECTION 6. Effectiveness. This Amendment shall become effective as of the date hereof
upon receipt by the Administrator of each of the following, each in form and substance satisfactory
to the Administrator:

          (a) duly executed counterparts of this Amendment; and

          (b) duly executed counterparts of that certain Purchaser Group Fee Letter, dated as of the
date hereof, by and among the Administrator, Market Street Funding LLC, the Seller and the Servicer
(including receipt of the “Structuring Fee” referred to therein).

     SECTION 7. Counterparts. This Amendment may be executed in any number of counterparts
and by different parties on separate counterparts, each of which when so executed shall be deemed
to be an original and all of which when taken together shall constitute but one and the same
instrument. Delivery by facsimile or email of an executed signature page of this Amendment shall be
effective as delivery of an originally executed counterpart hereof.

     SECTION 8. Governing Law. This Amendment shall be governed by, and construed in
accordance with, the internal laws of the State of New York.

     SECTION 9. Section Headings. The various headings of this Amendment are included for
convenience only and shall not affect the meaning or interpretation of this Amendment, the
Agreement or any provision hereof or thereof.

[Signatures begin on next page]

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     IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first
written above.

	 	 	 	 	 
	 	COOPER RECEIVABLES LLC, as Seller

 	 
	 	By:  	/s/ Charles F. Nagy
 	 
	 	 	Name:  	Charles F. Nagy 	 
	 	 	Title:  	Assistant Treasurer 	 
	 	 	 
	 	By:  	                                      /s/ Stephen O. Schroeder
 	 
	 	 	Name:  	Stephen O. Schroeder 	 
	 	 	Title:  	President and Treasurer 	 
	 
	 	COOPER TIRE & RUBBER COMPANY, as Servicer

 	 
	 	By:  	/s/ Bradley E. Hughes
 	 
	 	 	Name:  	Bradley E. Hughes 	 
	 	 	Title:  	Vice President and Chief Financial Officer 	 
	 	 	 
	 	By:  	                                      /s/ Stephen O. Schroeder
 	 
	 	 	Name:  	Stephen O. Schroeder 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 

S-1

 

	 	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION,

as Administrator

 	 
	 	By:  	/s/ William P. Falcon
 	 
	 	 	Name:  	William P. Falcon 	 
	 	 	Title:  	Vice President 	 
	 
	 	PNC BANK, NATIONAL ASSOCIATION,

as Purchaser Agent

 	 
	 	By:  	/s/ William P. Falcon
 	 
	 	 	Name:  	William P. Falcon 	 
	 	 	Title:  	Vice President 	 
	 
	 	PNC BANK, NATIONAL ASSOCIATION,

as the LC Bank and as an LC Participant

 	 
	 	By:  	/s/ Joseph G. Moran
 	 
	 	 	Name:  	Joseph G. Moran 	 
	 	 	Title:  	Senior Vice President 	 
	 

S-2

 

	 	 	 	 	 
	 	MARKET STREET FUNDING LLC,

as a Related Committed Purchaser and as Conduit
     
 Purchaser

 	 
	 	By:  	/s/ Doris J. Hearn
 	 
	 	 	Name:  	Doris J. Hearn 	 
	 	 	Title:  	Vice President 	 
	 

S-3

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