Document:

exhibit10_2.htm

Exhibit 10.2

AMENDMENT NO. 2 TO SECURITY AGREEMENT AND WAIVER UNDER CREDIT AGREEMENT AND SECURITY AGREEMENT

This Amendment No. 2 (this “Amendment No. 2”) is dated as of March 6, 2012, and amends that certain Security Agreement, dated as of December 3, 2010 (the “Security Agreement”), by and among On Assignment, Inc. (the “Borrower”), the direct and indirect subsidiaries of the Borrower named therein, and Bank of America, N.A., as administrative agent (the “Administrative Agent”) for itself and the other Secured Parties (as defined therein), Capitalized terms used and not defined herein shall have the meanings ascribed to such terms in the Security Agreement or, if not defined therein, the Credit Agreement referred to below.

WHEREAS, the Security Agreement was entered into pursuant to and in connection with that certain Credit Agreement, dated as of December 3, 2010 among the Borrower, the Administrative Agent and the Lenders named (and as defined) therein (as previously amended, the “Credit Agreement”);

WHEREAS, the Borrower has requested an amendment to the Security Agreement, and certain waivers under the Credit Agreement and the Security Agreement, and the Administrative Agent and the Lenders are willing to agree to the requested amendment and consent to the requested waivers subject to the terms and conditions contained herein;

WHEREAS, the Security Agreement may only be amended and the waivers granted hereby may only be waived by a writing signed by the Required Lenders and acknowledged by the Administrative Agent; and

WHEREAS, the undersigned Lenders constitute the Required Lenders;

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

1. Amendment of Section 9 of Security Agreement Regarding Government Accounts.   Clause (i) of Section 9 of the Security Agreement is hereby amended and restated in its entirety to read as follows:

 

  

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“(i)                   in the event that, at any time, the Grantors (x) have accounts (“Government Accounts”) owing from account debtors that are agencies, departments or instrumentalities of the United States or any state thereof (“Government Debtors”), and (y) the aggregate amount owing to the Grantors under all Government Accounts is in excess of 10% (the “Threshold Amount”) of the aggregate amount owing to the Grantors by all account debtors of all the Grantors, then within 90 days thereafter the Grantors shall satisfy the requirements of the Assignment of Claims Act of 1940 and any similar state legislation with respect to sufficient Government Accounts so that the aggregate amount of Government Accounts owing from Government Debtors with respect to which the requirements for the Administrative Agent to have a perfected security interest does not exceed the Threshold Amount and the Grantors shall continue to so satisfy the Assignment of Claims Act of 1940 with respect to all Government Accounts of the Grantors until such time as the Borrower has delivered to the Administrative Agent a Compliance Certificate pursuant to Section 6.02(b) of the Credit Agreement certifying that the amount of Government Accounts no longer exceeds the Threshold Amount; provided, however, that if the amount of Government Accounts exceeds the Threshold Amount at any time during the continuance of an Event of Default, then upon the written request from the Administrative Agent during such Event of Default, the Grantors shall, within 45 days thereafter, satisfy the requirements of the Assignment of Claims Act and any similar state legislation with respect to all Government Accounts so that the Administrative Agent shall have a perfected security interest in all Government Accounts, and the Grantors shall continue to so satisfy the Assignment of Claims Act of 1940 and such state legislation until such time as the Event of Default has been cured or waived.”

 

2. Waiver.

a. Clause (i) of Section 9 of the Security Agreement as in effect prior to the date hereof defined the Threshold Amount set forth above to be 5%.  The amount of Government Accounts as of December 31, 2011 was in excess of 5% but below 10%,  and you have requested that the Administrative Agent and the Lenders waive the restrictions contained in such clause for such period provided that the total amount of Government Receivables did not exceed the Threshold Amount as revised pursuant to this Amendment No. 2.

b. Section 6.12 of the Credit Agreement requires that, upon the acquisition of a new Subsidiary by any Loan Party, the Borrower shall deliver certain documents to the Administrative Agent and take certain other actions within certain specified periods, and that, with respect to the acquisition of Healthcare Partners, Inc., a Georgia corporation (“HCP”) in July 2011, such deliveries were made and such actions were taken after the times required.

c. The undersigned, constituting the Required Lenders, hereby waive (A) the provisions of clause (i) of Section 9 of the Security Agreement to the extent necessary to accommodate the request set forth in Section 2(a), and (B) the breach of Section 6.12 of the Credit Agreement with respect to the acquisition of HCP, it being expressly agreed that no other waiver, modification or consent is hereby granted.  It is further acknowledged and agreed that this waiver is a one-time waiver only, and does not constitute a waiver of (i) any other breach of the Security Agreement, the Credit Agreement or any other Loan Document, whether existing prior to, on or arising after the date of this waiver, including without limitation, any breach arising after such date on the same type or nature, or (ii) any of the rights and remedies of the Administrative Agent and the Lenders with respect to such other or subsequent breaches.

  

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3.Effect of Amendment; Counterparts.  Except as expressly modified and amended in this Amendment No. 2, all of the terms and conditions of the Security Agreement shall remain in full force and effect, and the obligations of the Borrower and each other Grantor hereunder and under the Security Agreement, the Credit Agreement and the other Loan Documents are hereby ratified and confirmed and shall remain in full force and effect.  This Amendment may be executed in counterparts, each of which when so executed shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument.

 

 [Signature Pages Follow]

 

  

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IN WITNESS WHEREOF, the parties have caused this Amendment No. 2 to be executed by their duly authorized officers as of the day and year first above written.

ON ASSIGNMENT, INC. 

By:   /s/ Peter T. Dameris                               

Name: Peter T. Dameris

Title:   President

ASSIGNMENT READY, INC. 

ON ASSIGNMENT STAFFING SERVICES, INC. 

By:   /s/ Christina Gibson                               

Name: Christina Gibson

Title:   President

HEALTHCARE PARTNERS, INC. 

By:   /s/ Christina Gibson                               

Name: Christina Gibson

Title:   Treasurer

VISTA STAFFING INTERNATIONAL, INC. 

VSS HOLDING, INC. 

VISTA STAFFING SOLUTIONS, INC. 

VISTA PHYSICIAN SEARCH AND CONSULTING, INC.

By:   /s/ James L. Brill                                       

Name: James L. Brill

Title:   Assistant Treasurer

[Counterpart signature page to

Amendment No. 2 to

Security Agreement

On Assignment, Inc.]

 

  

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OXFORD GLOBAL RESOURCES, INC. 

By:/s/Michael McGowan                          

Name: Michael McGowan

Title:   President

Agreed and Consented to:

BANK OF AMERICA, N.A., as

Administrative Agent

By:  /s/ Angela Larkin                                         

      Name: Angela Larkin

      Title: Assistant Vice President

 

BANK OF AMERICA, N.A., as a Lender, L/C Issuer and Swing Line Lender

By: /s/ Jean S. Manthorne                                 

      Name: Jean S. Manthorne

      Title: Senior Vice President

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

By: /s/ Jamie Chen                                              

      Name:  Jamie Chen

      Title:  Vice President

[Counterpart signature page to

Amendment No. 2 to

Security Agreement

On Assignment, Inc.]

  

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UNION BANK, N.A.

 

By:  /s/ David J. Stassel                                        

      Name:  David J. Stassel

      Title:  Vice President

COMPASS BANK

 

By:  /s/ Ronald S. Montgomery                           

      Name:  Ronald S. Montgomery

      Title:  Senior Vice President

EAST WEST BANK

 

By: /s/ Bill Nietschmann                                         

      Name:  Bill Nietschmann

      Title:  Senior Vice President

BANK OF MONTREAL

 

By:  /s/ Isabella Battista                                         

      Name:  Isabella Battista

      Title:  Vice President

MANUFACTURERS BANK

 

By:  /s/ Maureen Kelly                                           

      Name:  Maureen Kelly

      Title:  Vice President

[Counterpart signature page to

Amendment No. 2 to

Security Agreement

On Assignment, Inc.]

 

  

6ASCA-EX4.2_2012.03.31

Exhibit 4.2
SUPPLEMENTAL INDENTURE
SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of February 23, 2012, among Ameristar Casino Springfield, LLC, a Massachusetts limited liability company (the “Guarantying Subsidiary”), a subsidiary of Ameristar Casinos, Inc., a Nevada corporation (the “Company”), the Company, the other Guarantors (as defined in the Indenture referred to herein) and Wilmington Trust, National Association (as successor by merger to Wilmington Trust FSB) as trustee under the Indenture referred to below (the “Trustee”).
W I T N E S S E T H
WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of April 14, 2011 providing for the issuance of 7.50% Senior Notes due 2021 (the “Notes”);
WHEREAS, the Indenture provides that under certain circumstances the Guarantying Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guarantying Subsidiary shall unconditionally guarantee all of the Company's Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Guaranty”); and
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guarantying Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1.    CAPITALIZED TERMS.  Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.    AGREEMENT TO GUARANTY.  The Guarantying Subsidiary hereby agrees to provide, and does hereby provide, an unconditional Guaranty on the terms and subject to the conditions set forth in the Guaranty and in the Indenture including but not limited to Article 11 thereof (which is hereby incorporated by reference).
3.    NO RECOURSE AGAINST OTHERS.  No past, present or future director, officer, employee, agent, manager, partner, member, incorporator or stockholder of the Guarantying Subsidiary (or of any stockholder of the Company), as such, shall have any liability for any obligations of the Company or any Guarantying Subsidiary under the Notes, any Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation.  Each Holder of the Notes by accepting a Note waives and releases all such liability.  The waiver and release are part of the consideration for issuance of the Notes.
4.    NEW YORK LAW TO GOVERN.  THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

5.    COUNTERPARTS.  The parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.
6.    EFFECT OF HEADINGS.  The Section headings herein are for convenience only and shall not affect the construction hereof.
7.    THE TRUSTEE.  The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guarantying Subsidiary and the Company.

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first above written.
Dated:  February 23, 2012
AMERISTAR CASINO SPRINGFIELD, LLC
By:    /s/ Peter C. Walsh                
Name: Peter C. Walsh    
Title: Vice President
AMERISTAR CASINOS, INC.
By:    /s/ Peter C. Walsh                
Name: Peter C. Walsh
Title: Senior Vice President and General Counsel
CACTUS PETE'S, INC.
AMERISTAR CASINO VICKSBURG, INC.
AMERISTAR CASINO COUNCIL BLUFFS, INC.
AMERISTAR CASINO LAS VEGAS, INC.
A.C. FOOD SERVICES, INC.
AMERISTAR CASINO ST. LOUIS, INC.
AMERISTAR CASINO KANSAS CITY, INC.
AMERISTAR CASINO ST. CHARLES, INC.
AMERISTAR CASINO BLACK HAWK, INC.
AMERISTAR EAST CHICAGO HOLDINGS, LLC
AMERISTAR CASINO EAST CHICAGO, LLC
By:    /s/ Peter C. Walsh                
Name: Peter C. Walsh
Title: Vice President

WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
By:    /s/ Jane Schweiger                
Name:  Jane Schweiger 
Title:    Vice President

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