Document:

Exhibit 10.3

 

Execution Version

 

acknowledgment
and support agreement

  

April 20, 2020

 

RC Cake Holdings LLC

1180 Peachtree Street, N.E.

Atlanta, Georgia 30309-3521

 

Reference is made to
that certain Subscription Agreement, dated as of April 20, 2020 (the “Subscription Agreement”), between RC Cake
Holdings LLC, a Delaware limited liability company (“Purchaser”), and The Cheesecake Factory Incorporated, a
Delaware corporation (the “Company”), pursuant to which the Company will issue and sell, and Purchaser will
purchase, 200,000 shares (the “Shares”) of the Company’s Series A Convertible Preferred Stock, par value
$.01 per share. Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Subscription
Agreement.

 

As of the date hereof,
the undersigned (“Stockholder”) is the record or beneficial owner (within the meaning of Rule 13d-3 under the
Securities Exchange Act of 1934, as amended, which meaning will apply for all purposes of this Acknowledgment and Support Agreement
(this “Support Agreement”) whenever the term “beneficial owner” or “beneficially own”
is used) of the number of shares of common stock, par value $.01 per share of the Company (the “Company Common Stock”),
set forth below Stockholder’s name on the signature page hereto (all shares of Company Common Stock for which Stockholder
is or becomes the record or beneficial owner prior to the termination of this Support Agreement being referred to herein as the
 “Covered Shares”).

 

Stockholder acknowledges
and agrees that the execution of this Support Agreement and its delivery to Purchaser by Stockholder is a condition and material
inducement for Purchaser to enter into the Subscription Agreement and purchase the Shares. In consideration of the mutual covenants
and premises contained in this Support Agreement and for other good and valuable consideration, the receipt and adequacy of which
are hereby acknowledged, Purchaser and Stockholder, intending to be legally bound, hereby agree as follows:

 

1.                 
Stockholder Vote. At the next meeting of the Company’s stockholders held following the Company’s Annual
Meeting of Stockholders in 2020, or at any adjournment thereof (the, “Company Stockholders Meeting”), Stockholder
shall, and shall cause any other holder of record of the Covered Shares to, (a) appear at such meeting (if applicable) or otherwise
cause all Covered Shares to be counted as present thereat for purposes of calculating a quorum and (b) vote (or cause to be voted)
all Covered Shares:

 

(i)                 in
favor of the issuance of shares of Company Common Stock upon conversion of the Shares in excess of the limitations imposed by
NASDAQ Listing Standard Rule 5635(b), such that the Shares may be converted into Company Common Stock and the Shares may vote
on an as-converted to Company Common Stock basis, in each case, without regard to the Ownership Limitation (as defined in
Section 10(h)(i) of the Certification of Designations) (the “Stockholder Approval”),

 

     

     

    

 

(ii)             
in favor of any other matter considered at any Company Stockholders Meeting which the Board of Directors of the Company
has determined is necessary or appropriate in connection with the Stockholder Approval,

 

(iii)           
in favor of any adjournment or postponement recommended by the Company in order to obtain the Stockholder Approval, and

 

(iv)            
against any shareholder proposal that does or would oppose, impede, frustrate, prevent or nullify the Stockholder Approval,
any provision of this Support Agreement or any matter that is proposed in furtherance thereof.

 

2.                  Irrevocable
Proxy. SOLELY IN THE EVENT OF A FAILURE BY STOCKHOLDER TO ACT IN ACCORDANCE WITH SUCH STOCKHOLDER’S OBLIGATIONS AS
TO VOTING PURSUANT TO SECTION 1, UNTIL THE TERMINATION TIME (AS DEFINED IN SECTION 6(A)), STOCKHOLDER HEREBY IRREVOCABLY
(UNTIL THE TERMINATION TIME) GRANTS TO AND APPOINTS PURCHASER AS SUCH STOCKHOLDER’S PROXY AND ATTORNEY-IN-FACT (WITH
FULL POWER OF SUBSTITUTION), FOR AND IN THE NAME, PLACE AND STEAD OF STOCKHOLDER, TO REPRESENT, VOTE AND OTHERWISE ACT (BY
VOTING AT OR PURSUANT TO THE COMPANY STOCKHOLDERS MEETING) WITH RESPECT TO THE COVERED SHARES REGARDING THE MATTERS REFERRED
TO IN SECTION 1 UNTIL THE TERMINATION TIME, TO THE SAME EXTENT AND WITH THE SAME EFFECT AS STOCKHOLDER MIGHT OR COULD DO
UNDER APPLICABLE LAW, RULES AND REGULATIONS; provided however, that
Stockholder’s grant of the proxy contemplated by Section 1 shall be effective if, and only if, Stockholder has not
delivered to Purchaser at least THREE BUSINESS days prior to the meeting at which any of the matters described in Section 1
is to be considered a duly executed proxy card OR CONSENT previously approved by Purchaser directing that the Covered Shares
of Stockholder be voted in accordance with Section 1. THE PROXY GRANTED PURSUANT TO THIS SECTION 2 IS COUPLED WITH AN
INTEREST AND SHALL BE IRREVOCABLE UNTIL THE TERMINATION TIME. UNTIL THE TERMINATION TIME, STOCKHOLDER WILL TAKE SUCH FURTHER
ACTION AND WILL EXECUTE SUCH OTHER INSTRUMENTS AS MAY BE NECESSARY TO EFFECTUATE THE INTENT OF THIS PROXY. STOCKHOLDER HEREBY
REVOKES ANY AND ALL PREVIOUS PROXIES OR POWERS OF ATTORNEY GRANTED WITH RESPECT TO ANY OF THE COVERED SHARES THAT MAY HAVE
HERETOFORE BEEN APPOINTED OR GRANTED WITH RESPECT TO THE MATTERS REFERRED TO IN THIS SECTION 2, AND PRIOR TO THE TERMINATION
TIME NO SUBSEQUENT PROXY (WHETHER REVOCABLE OR IRREVOCABLE) OR POWER OF ATTORNEY SHALL BE GIVEN BY STOCKHOLDER.
NOTWITHSTANDING THE FOREGOING, THIS PROXY SHALL TERMINATE UPON TERMINATION OF THIS SUPPORT AGREEMENT IN ACCORDANCE WITH ITS
TERMS.

 

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3.                 
No Inconsistent Arrangements. Until the Termination Time, Stockholder shall not, directly or indirectly, (a) deposit
or permit the deposit of the Covered Shares into a voting trust or enter into a tender, support, voting or similar agreement or
arrangement with respect to the Covered Shares or (b) otherwise take any action with respect to any of the Covered Shares, in the
case of each of clause (a) or clause(b), that would restrict, limit or interfere with the performance of any of Stockholder’s
obligations under this Support Agreement or otherwise make any representation or warranty of Stockholder contained herein untrue
or incorrect. Notwithstanding the foregoing, Stockholder may make Transfers of Covered Shares (1) by will or for other bona fide
estate planning purposes, or (2) to any of its Affiliates, in the case of each of clause (1) or clause (2), only so long as the
Covered Shares shall continue to be bound by this Support Agreement and provided that each transferee thereof agrees in a writing
reasonably acceptable to each Purchaser to be bound by the terms and conditions of this Support Agreement, or (3) to any Person
(who is not its Affiliate) in a bona fides arms’ length transaction (including sales pursuant to Rule 144 or in a registered
offering). “Transfer” means any transfer, sale, assignment, gift, hedge, pledge, tender or other disposition of, creation
of any Lien on, or grant any proxy, power of attorney or other authorization of Covered Shares.

 

4.                 
Representations and Warranties of Stockholder. Stockholder hereby represents and warrants to Purchaser as follows:

 

(a)              
Stockholder owns beneficially and of record the Covered Shares, free and clear of all Liens or other restrictions on the
right to vote the Covered Shares, except as provided hereunder. Stockholder does not own, as of the date hereof, beneficially or
otherwise, any equity interests in the Company other than the Covered Shares indicated on Stockholder’s signature page to
this Support Agreement.

 

(b)              
Stockholder has full voting power with respect to the Covered Shares, full power to issue instructions with respect to the
matters set forth herein and full power to agree to all of the matters set forth in this Support Agreement, in each case, with
respect to all of the Covered Shares. None of the Covered Shares are subject to any proxy, voting trust or other agreement or arrangement
with respect to the voting of the Covered Shares with respect to the matters contemplated herein.

 

(c)              
The execution, delivery and performance by Stockholder of this Support Agreement do not and will not (i) result in the creation
of any Lien on the Covered Shares, or (ii) violate, conflict with, result in any material breach of, or constitute a default (or
event which with the giving of notice or lapse of time, or both, would become a default) under, or result in or give to others
any material rights of termination, amendment, acceleration or cancellation of, or result in the creation of any Lien on any of
the Covered Shares pursuant to, any contract to which Stockholder is a party or by which any of the Covered Shares is bound.

 

(d)              
If Stockholder is not a natural person, Stockholder is an entity duly formed, validly existing and in good standing under
the laws of the jurisdiction of its formation and has all requisite entity power and authority to own its properties and to carry
on its business as presently conducted.

 

    3

     

    

 

5.                 
Stockholder Capacity. Stockholder is entering into this Support Agreement solely in its capacity as a beneficial
owner of the Covered Shares, and not in any other capacity, and this Support Agreement shall not limit or otherwise affect any
actions taken, or required or permitted to be taken, by such Stockholder or any Affiliate or Representative of such Stockholder
in any other capacity, including, if applicable, as an officer or director of the Company or any of the Company’s Subsidiaries,
and any actions taken (whatsoever), or failure to take any actions (whatsoever), by any of the foregoing Persons in such capacity
as a director or officer of the Company or any of the Company’s Subsidiaries shall not be deemed to constitute a breach of
this Agreement. Stockholder acknowledges that it is a sophisticated party with respect to the Covered Shares and has adequate information
concerning the business and financial condition of the Company to make an informed decision regarding the transactions contemplated
by this Support Agreement and has, independently and without reliance upon any other person and based on such information as such
Stockholder has deemed appropriate, made its own analysis and decision to enter into this Support Agreement.

 

6.                 
Miscellaneous.

 

(a)              
This Support Agreement, and all rights and obligations of the parties contained herein, shall automatically terminate without
any further action required by any Person upon the earlier to occur of (i) the mutual agreement of the parties hereto to terminate
this Support Agreement, and (ii) immediately following the occurrence of the Company Stockholders Meeting (whether or not the Stockholder
Approval is obtained) (the time of the earlier of such occurrences, the “Termination Time”). Upon termination
of this Support Agreement, no party shall have any further obligations or liabilities under this Support Agreement; provided,
that the termination of this Support Agreement shall not relieve the Stockholder from any liability for any breach of this Support
Agreement prior to termination.

 

(b)               This
Support Agreement shall be governed by, and construed in accordance with, the Laws of the state of Delaware, without giving
effect to any choice of law or conflict of law rules or provisions (whether of the state of Delaware or any other
jurisdiction) that would cause the application of the laws of any jurisdiction other than the state of Delaware. Any dispute
relating hereto shall be heard first in the Delaware Court of Chancery, and, if applicable, in any state or federal court
located in of Delaware in which appeal from the Court of Chancery may validly be taken under the laws of the State of
Delaware (each a “Chosen Court” and collectively, the “Chosen Courts”), and the parties
hereto agree to the exclusive jurisdiction and venue of the Chosen Courts. The parties hereto further agree that any
proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Support
Agreement or the transactions contemplated hereby or by any matters related to the foregoing (the “Applicable
Matters”) shall be brought exclusively in a Chosen Court, and that any proceeding arising out of this Support
Agreement or any other Applicable Matter shall be deemed to have arisen from a transaction of business in the state of
Delaware, and each party hereto hereby irrevocably consents to the jurisdiction of such Chosen Courts in any such proceeding
and irrevocably and unconditionally waives, to the fullest extent permitted by law, any objection that such party may now or
hereafter have to the laying of the venue of any such suit, action or proceeding in any such Chosen Court or that any such
proceeding brought in any such Chosen Court has been brought in an inconvenient forum. Each party hereto further covenants
not to bring a proceeding with respect to the Applicable Matters (or that could affect any Applicable Matter) other than in
such Chosen Court and not to challenge or enforce in another jurisdiction a judgment of such Chosen Court. Process in any
such proceeding may be served on either party with respect to such Applicable Matters anywhere in the world, whether within
or without the jurisdiction of any such Chosen Court. The parties hereto further covenant not to bring a proceeding with
respect to the Applicable Matters (or that could affect any Applicable Matter) other than in such Chosen Court and not to
challenge or enforce in another jurisdiction a judgment of such Chosen Court. Process in any such proceeding may be served on
any Person with respect to such Applicable Matters anywhere in the world, whether within or without the jurisdiction of any
such Chosen Court. EACH PARTY HERETO, FOR ITSELF AND ITS AFFILIATES, HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT OR OTHER PROCEEDING (WHETHER BASED
ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THE ACTIONS OF THE PARTIES HERETO OR THEIR RESPECTIVE
AFFILIATES PURSUANT TO THIS AGREEMENT OR IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF.

 

    4

     

    

 

(c)              
This Support Agreement may not be modified or amended except by an instrument or instruments in writing signed by each party
hereto.

 

(d)              
This Support Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors
and permitted assigns. This Support Agreement or any rights or obligations hereunder may not be assigned by any party hereto without
the prior written consent of the other parties hereto. Any purported assignment or delegation in violation of this Agreement shall
be null and void ab initio.

 

(e)              
This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement,
and will become effective when one or more counterparts have been signed by a party and delivered to the other parties. Copies
of executed counterparts of signature pages to this Agreement may be transmitted by PDF (portable document format) or facsimile
and such PDFs or facsimiles will be deemed as sufficient as if actual signature pages had been delivered.

 

(f)               
The parties hereto agree that irreparable damage would occur and that a party may not have any adequate remedy at law in
the event that any of the provisions of this Support Agreement are not performed in accordance with their terms or were otherwise
breached. Accordingly, each party shall without the necessity of proving the inadequacy of money damages or posting a bond be entitled
to seek an injunction or injunctions to prevent breaches of this Support Agreement and to enforce specifically the terms, provisions
and covenants contained herein, this being in addition to any other remedy to which they are entitled at law or in equity.

 

(g)              
Any provision hereof that is held to be invalid, illegal or unenforceable in any respect by a court of competent jurisdiction,
shall be ineffective only to the extent of such invalidity, illegality or unenforceability, without affecting in any way the remaining
provisions hereof, provided, however, that the parties will attempt in good faith to reform this Agreement in a manner consistent
with the intent of any such ineffective provision for the purpose of carrying out such intent.

 

    5

     

    

 

(h)              
Any party hereto may, only by an instrument in writing, waive compliance by any other party or parties hereto with any term
or provision hereof on the part of such other party or parties hereto to be performed or complied with. No failure or delay of
any party in exercising any right or remedy hereunder shall operate as a waiver thereof, nor will any single or partial exercise
of any right or power, or any abandonment or discontinuance of steps to enforce such right or power, preclude any other or further
exercise thereof or the exercise of any other right or power. The waiver by any party hereto of a breach of any term or provision
hereof shall not be construed as a waiver of any subsequent breach. The rights and remedies of the parties hereunder are cumulative
and are not exclusive of any rights or remedies that they would otherwise have hereunder.

 

(i)                
Nothing in this Support Agreement, expressed or implied, shall amend, modify, alter or change any of the terms of, or any
of the parties’ rights or obligations under, the Subscription Agreement.

  

[Signature page to follow.]

 

    6

     

    

 

IN WITNESS WHEREOF, the parties have executed
this Acknowledgement and Support Agreement as of the date first written above.

  

	 	DAVID M. OVERTON FAMILY TRUST

 

		By:	/s/ David Overton
	 	 	Name: David Overton
	 	 	Title: Trustee

 

Covered Shares

 

Number of Shares of Company Common
Stock Beneficially Owned: 2,881,896

  

[Signature Page
to Acknowledgment and Support Agreement]

  

     

     

    

 

	 	/s/ David Overton
	 	David Overton 

 

Covered Shares

 

Number of Shares of Company Common
Stock Beneficially Owned: 22,900

 

[Signature Page
to Acknowledgment and Support Agreement]

 

     

     

    

 

	 	DAVID M. OVERTON 2011 GIFT TRUST UTA DATED 11/23/2011

 

		By:	/s/ Sheila A. Overton
	 	 	Name: Sheila A. Overton
	 	 	Title: Trustee

 

Covered Shares

 

Number of Shares of Company Common
Stock Beneficially Owned: 183,950

  

[Signature Page
to Acknowledgment and Support Agreement]

 

     

     

    

 

	 	SHEILA A. OVERTON LIVING TRUST 

 

		By:	/s/ Sheila A. Overton
	 	 	Name: Sheila A. Overton
	 	 	Title: Trustee

  

Covered Shares

 

Number of Shares of Company Common
Stock Beneficially Owned: 60,211

 

[Signature Page
to Acknowledgment and Support Agreement]

 

     

     

    

 

Acknowledged and agreed, as of the date first written above,
by:

  

	 	RC CAKE HOLDINGS LLC

 

		By:	/s/ Paul D. Ginsberg
	 	 	Name: Paul D. Ginsberg
	 	 	Title: President

 

[Signature Page to Acknowledgment and Support Agreement]a-ex101_24.htm

Exhibit 10.1

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT 

This AMENDMENT NO. 3 TO CREDIT AGREEMENT, dated as of April 17, 2020 (this “Amendment”), is made by and among AGILENT TECHNOLOGIES, INC., a Delaware corporation (the “Company”), BNP PARIBAS, as administrative agent for and on behalf of the Lenders (in such capacity, the “Administrative Agent”), and the Lenders listed on the signature pages hereto.  Capitalized terms used but not defined herein have the meaning assigned thereto in the Credit Agreement (as defined below).

PRELIMINARY STATEMENTS

Reference is made to that certain Credit Agreement, dated as of March 13, 2019, as amended by Amendment No. 1 to Credit Agreement and Incremental Assumption Agreement dated as of August 7, 2019 and Amendment No. 2 to Credit Agreement dated as of October 21, 2019  (as so amended, the “Credit Agreement”), among the Company, the Lenders party thereto and the Administrative Agent.

The Company has requested that certain provisions of the Credit Agreement be amended as set forth below.

The Required Lenders are willing to consent to the Company’s request on the terms and subject to the conditions set forth herein. 

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

SECTION 1.Amendment to Credit Agreement.  Subject to the satisfaction of the condition precedent set forth in Section 3 below, the Credit Agreement shall without further action be amended as follows:

(a)Section 1.01 of the Credit Agreement  is hereby amended by inserting the following definitions in proper alphabetical order therein:

“Extension Date” means (i) the applicable anniversary of the Effective Date of the Revolving Borrowings and (ii) the existing Maturity Date of the 2019 Incremental Term Loans.

“Required 2019 Incremental Term Lenders” means, at any time, 2019 Incremental Term Lenders holding more than 50% of the aggregate unpaid principal amount of 2019 Incremental Term Loans outstanding at such time.

(b)Section 1.01 of the Credit Agreement is hereby amended by amending and replacing the definition of “Maturity Date” set forth therein to read as follows:

“Maturity Date” means (i) with respect to any Revolving Borrowing or Swingline Loan, March 13, 2024, and (ii) with respect to any 

NYDOCS02/1224387Agilent – Amendment No. 3

 

 

2

2019 Incremental Term Loan, the 2019 Incremental Term Maturity Date, in each case, as such date may be extended pursuant to Section 2.09.

(c)Section 2.09 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

“SECTION 2.09. Extension of Maturity Date

(d). The Company may, from time to time, by delivery of a Maturity Date Extension Request to the Administrative Agent (which shall promptly deliver a copy to each of the Lenders of the applicable Class of Loans) not less than 45 days (or such shorter period of time as may be agreed between the Company and the Administrative Agent) and not more than 75 days prior to (x) any anniversary of the Effective Date or (y) the Maturity Date of the 2019 Incremental Term Loans (as applicable), request that the Lenders of the applicable Class of Revolving Loans and Commitments, Swingline Loans and/or 2019 Incremental Term Loans extend the Existing Maturity Date (I) in respect of Revolving Borrowings and Swingline Loans for an additional period of one year and (II) in respect of 2019 Incremental Term Loans for an additional period of up to 364 days as specified in the applicable Maturity Date Extension Request. Each Lender of the applicable Class shall, by notice to the Company and the Administrative Agent given not later than the 20th day after the date of the Administrative Agent’s receipt of the Maturity Date Extension Request from the Company, advise the Company whether or not in its sole discretion it agrees to the requested extension (each Lender of the applicable Class agreeing to a requested extension being called a “Consenting Lender”, and each Lender of the applicable Class declining to agree to a requested extension being called a “Declining Lender”).  Any Lender of the applicable Class that has not so advised the Company and the Administrative Agent by such day shall be deemed to have declined to agree to such extension and shall be a Declining Lender.  If Lenders constituting the Required Lenders shall have agreed to a Maturity Date Extension Request in respect of the Revolving Commitments and Revolving Borrowings, then the Maturity Date shall, as to the applicable Consenting Lenders, be extended to the first anniversary of the Maturity Date in respect of Revolving Borrowings theretofore in effect. If the Lenders constituting the Required 2019 Incremental Term Lenders shall have agreed to a Maturity Date Extension Request of 2019 Incremental Term Loans, then the Maturity Date shall, as to the applicable Consenting Lenders, be extended to the requested date up to 364 days from the Maturity Date in respect of 2019 Incremental Term Loans theretofore in effect as specified in the applicable Maturity Date Extension Request. The decision to agree or withhold agreement to any Maturity Date Extension Request shall be at the 

NYDOCS02/1224387Agilent – Amendment No. 3 

 

 

3

sole discretion of each applicable Lender.  The Revolving Commitment of any Declining Lender shall terminate on the Maturity Date in effect prior to giving effect to any such extension.  The principal amount of any outstanding Loans made by Declining Lenders, together with any accrued interest thereon and any accrued fees and other amounts payable to or for the account of such Declining Lenders hereunder, shall be due and payable on the Maturity Date in effect prior to giving effect to any such extension (such Maturity Date being called the “Existing Maturity Date”), and on the Existing Maturity Date the Borrowers shall also make such other prepayments of their Loans pursuant to Section 2.11 as shall be required in order that, after giving effect to the termination of the Revolving Commitments of, and all payments to, Declining Lenders pursuant to this sentence, the total Revolving Credit Exposures would not exceed the total Revolving Commitments.  Notwithstanding the foregoing provisions of this paragraph, the Company shall have the right, pursuant to and in accordance with Section 2.19(b), at any time prior to the Existing Maturity Date, to replace a Declining Lender with a Lender or other financial institution that will agree to the applicable Maturity Date Extension Request, and any such replacement Lender shall for all purposes constitute a Consenting Lender.  Notwithstanding the foregoing, (a) the Availability Period and the Existing Maturity Date (without taking into consideration any extension pursuant to this Section 2.09), as such terms are used in reference to any Issuing Bank or any Letters of Credit issued by such Issuing Banks or the Swingline Lender or any Swingline Loans made by the Swingline Lender, may not be extended without the prior written consent of such Issuing Bank or the Swingline Lender, as applicable (it being understood and agreed that, in the event any Issuing Bank or the Swingline Lender shall not have consented to any such extension, (i) such Issuing Bank or the Swingline Lender, as applicable, shall continue to have all the rights and obligations of an Issuing Bank or the Swingline Lender, as applicable, hereunder through the Existing Maturity Date (or the Availability Period determined on the basis thereof, as applicable), and thereafter shall have no obligation to issue, amend, extend or renew any Letter of Credit or to make any Swingline Loan, as applicable (but shall, in each case, continue to be entitled to the benefits of Sections 2.04, 2.05, 2.15, 2.17, 10.03 and 10.09, as applicable, as to Letters of Credit or Swingline Loans issued or made prior to such time), and (ii) the Borrowers shall cause the LC Exposure attributable to Letters of Credit issued by such Issuing Bank and the Swingline Exposure to be zero no later than the day on which such LC Exposure or Swingline Exposure, as applicable, would have been required to have been reduced to zero in accordance with the terms hereof without giving effect to any effectiveness of the extension of the applicable Existing Maturity 

NYDOCS02/1224387Agilent – Amendment No. 3 

 

 

4

Date pursuant to this paragraph (and, in any event, no later than the Existing Maturity Date)) and (b) no extension of the Existing Maturity Date pursuant to this paragraph shall become effective unless on the Extension Date that immediately follows the date on which the Company delivers the applicable Maturity Date Extension Request, the conditions set forth in Section 4.02 shall be satisfied (with all references in such Section to a Borrowing being deemed to be references to such extension and without giving effect to the parenthetical in Section 4.02(a)) and, if reasonably requested by the Administrative Agent, the Administrative Agent shall have received a certificate to that effect dated such date and executed by a Financial Officer of the Company as well as documents consistent with those delivered under Sections 4.01(b) and 4.01(c) as to the corporate power and authority of the Borrowers to borrow hereunder after giving effect to such extension.”

(d)Exhibit F to the Credit Agreement is hereby amended  in its entirety and replaced with the new Exhibit F attached hereto as Annex I.

SECTION 2.Representations and Warranties.  To induce the Administrative Agent and the Required Lenders to enter into this Amendment, the Company hereby represents and warrants, on and as of the Amendment Effective Date, that:

(a)  At the time of and after giving effect to this Amendment, no Default has occurred and is continuing.

(b)  The representations and warranties set forth in the Credit Agreement are true and correct in all material respects as of the Amendment Effective Date, provided that representations and warranties modified by materiality shall be true and correct in all respects.

SECTION 3.Conditions to Effectiveness of the Amendment.  The Amendment set forth in Section 1 hereof shall become effective as of the first date when, and only when, the Administrative Agent shall have received this Amendment, duly executed and delivered by the Company, the Administrative Agent and the Required Lenders (the “Amendment Effective Date”).

SECTION 4.Reference to and Effect on the Loan Documents.

(a)On and after the Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the Notes and each of the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended and modified by this Amendment.

(b)The Credit Agreement, the Notes and each of the other Loan Documents, as specifically amended and modified by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.  

NYDOCS02/1224387Agilent – Amendment No. 3 

 

 

5

(c)Save as expressly provided herein, the execution, delivery and effectiveness of this Amendment (i) shall not operate as a waiver of any right, power, privilege or remedy of any Lender, any Issuing Bank, any Swingline Lender or the Administrative Agent under any of the Loan Documents and (ii) shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or other agreements contained in the any of the Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  

SECTION 5.Execution in Counterparts.  This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which taken together shall constitute a single contract.  Delivery of an executed counterpart of a signature page to this Amendment by facsimile or other electronic image scan transmission shall be effective as delivery of a manually executed counterpart of this Amendment. 

SECTION 6.Expenses.  The Company agrees to reimburse the Administrative Agent for its reasonable and documented out-of-pocket costs and expenses incurred in connection with this Amendment, in accordance with the provisions of Section 10.03(a) of the Credit Agreement.

SECTION 7.Miscellaneous.  The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.  This Amendment shall be binding upon and inure to the benefit of the parties hereto and to the Credit Agreement and the other Loan Documents and their respective successors and permitted assigns.

SECTION 8.Loan Document. Each of the parties hereto hereby agrees that this Amendment shall be a Loan Document for all purposes of the Credit Agreement and the other Loan Documents, and the definition of “Loan Documents” set forth in the Credit Agreement shall be deemed to have been amended to include this Amendment therein.

SECTION 9.GOVERNING LAW.  This Amendment shall be construed in accordance with and governed by the law of the state of New York.

 

[Remainder of Page Intentionally Left Blank]

 

 

 

NYDOCS02/1224387Agilent – Amendment No. 3 

 

 

 

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

AGILENT TECHNOLOGIES, INC.

 

By:  /s/ Guillermo Gualino
Name:  Guillermo Gualino
Title:  Vice President and Treasure

 

 

 

 

Agilent – Amendment No. 3 

 

 

 

 

 

SIGNATURE PAGE TO
AGILENT TECHNOLOGIES, INC.
AMENDMENT NO. 3 TO CREDIT AGREEMENT

BNP PARIBAS,
as Administrative Agent and a Lender

By:  /s/ Brendan Heneghan
Name:  Brendan Heneghan
Title:  Director

By:  /s/ Karim Remtoula
Name:  Karim Remtoula
Title:  Vice President

 

 

 

Agilent – Amendment No. 3 

 

 

 

 

 

SIGNATURE PAGE TO
AGILENT TECHNOLOGIES, INC.
AMENDMENT NO. 3 TO CREDIT AGREEMENT

Bank of America, N.A.

	
 
	

	
 

By:  /s/ Jason Auguste
Name:  Jason Auguste
Title:  Vice President

 

Agilent – Amendment No. 3 

 

 

 

 

 

SIGNATURE PAGE TO
AGILENT TECHNOLOGIES, INC.
AMENDMENT NO. 3 TO CREDIT AGREEMENT

BARCLAYS BANK PLC

	
 
	

	
 

By:  /s/ Martin Corrigan
Name:  Martin Corrigan
Title:  Vice President

 

Agilent – Amendment No. 3 

 

 

 

 

 

SIGNATURE PAGE TO
AGILENT TECHNOLOGIES, INC.
AMENDMENT NO. 3 TO CREDIT AGREEMENT

Citibank, N.A.

	
 
	

	
 

By:  /s/ Sean Klimchalk
Name:  Sean Klimchalk
Title:  Managing Director

 

Agilent – Amendment No. 3 

 

 

 

 

 

SIGNATURE PAGE TO
AGILENT TECHNOLOGIES, INC.
AMENDMENT NO. 3 TO CREDIT AGREEMENT

Credit Suisse AG, Cayman Islands Branch

	
 
	

	
 

By:  /s/ Whitney Gaston
Name:  Whitney Gaston
Title:  Authorized Signatory

 

By:  /s/ Christopher Zybrick
Name:  Christopher Zybrick
Title:  Authorized Signatory

Agilent – Amendment No. 3 

 

 

 

 

 

SIGNATURE PAGE TO
AGILENT TECHNOLOGIES, INC.
AMENDMENT NO. 3 TO CREDIT AGREEMENT

DBS Bank Ltd.

	
 
	

	
 

By:  /s/ Henry Choo
Name:  Henry Choo
Title:  Vice President

 

Agilent – Amendment No. 3 

 

 

 

 

 

SIGNATURE PAGE TO
AGILENT TECHNOLOGIES, INC.
AMENDMENT NO. 3 TO CREDIT AGREEMENT

HSBC Bank USA, N.A.

	
 
	

	
 

By:  /s/ David Wagstaff
Name:  David Wagstaff
Title:  Managing Director

Agilent – Amendment No. 3 

 

 

 

 

 

SIGNATURE PAGE TO
AGILENT TECHNOLOGIES, INC.
AMENDMENT NO. 3 TO CREDIT AGREEMENT

JPMORGAN CHASE BANK, N.A.

	
 
	

	
 

By:  /s/ Stephen Lescher
Name:  Stephen Lescher
Title:  Vice President

Agilent – Amendment No. 3 

 

 

 

 

 

SIGNATURE PAGE TO
AGILENT TECHNOLOGIES, INC.
AMENDMENT NO. 3 TO CREDIT AGREEMENT

KEYBANK NATIONAL ASSOCIATION

	
 
	

	
 

By:  /s/ Tad L. Stainbrook
Name:  Tad L. Stainbrook
Title:  Vice President

Agilent – Amendment No. 3 

 

 

 

 

 

SIGNATURE PAGE TO
AGILENT TECHNOLOGIES, INC.
AMENDMENT NO. 3 TO CREDIT AGREEMENT

MIZUHO BANK, LTD.

	
 
	

	
 

By:  /s/ Tracy Rahn
Name:  Tracy Rahn
Title:  Executive Director

Agilent – Amendment No. 3 

 

 

 

 

 

SIGNATURE PAGE TO
AGILENT TECHNOLOGIES, INC.
AMENDMENT NO. 3 TO CREDIT AGREEMENT

MUFG Bank, LTD.

	
 
	

	
 

By:  /s/ David Meisner
Name:  David Meisner
Title:  Vice President

Agilent – Amendment No. 3 

 

 

 

 

 

SIGNATURE PAGE TO
AGILENT TECHNOLOGIES, INC.
AMENDMENT NO. 3 TO CREDIT AGREEMENT

WELLS FARGO BANK, NATIONAL ASSOCIATION

	
 
	

	
 

By:  /s/ Sara Barton
Name:  Sara Barton
Title:  Vice President

Agilent – Amendment No. 3 

 

 

 

 

 

ANNEX I

(See attached)

 

 

Agilent – Amendment No. 3 

 

 

 

 

 

EXHIBIT F

[FORM OF MATURITY DATE EXTENSION REQUEST]

BNP Paribas,
as Administrative Agent

[Address]

[Date]

Re:  Extension of Maturity Date

Ladies and Gentlemen:

Reference is made to the Credit Agreement dated as of March 13, 2019 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Agilent Technologies, Inc., the Lenders from time to time party thereto and BNP Paribas, as Administrative Agent.  Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement.

In accordance with Section 2.09 of the Credit Agreement, the undersigned hereby requests an extension of the Maturity Date of the [2019 Incremental Term Loan] [Revolving Borrowing and/or a Swingline Loan] from [August [6], 20[20] to [__][___], 20[21]]1 [from March [13], 20[24] to March [__], 20[25]]2. 

Each Lender who countersigns this letter below consents to the extension of the Maturity Date as requested herein and shall be deemed a “Consenting Lender” in connection therewith for purposes of Section 2.09 of the Credit Agreement.

Very truly yours,

AGILENT TECHNOLOGIES, INC.,

By:  _______________________________

Name:
Title:

	
	 

	
1 
	
 To be inserted if the Company is requesting an extension of the Maturity Date of a 2019 Incremental Term Loan.

	
2 
	
 To be inserted if the Company is requesting an extension of the Maturity Date of a Revolving Borrowing and/or a Swingline Loan.

 

 

SIGNATURE PAGE TO
AGILENT TECHNOLOGIES, INC.
MATURITY DATE EXTENSION REQUEST
[2019 INCREMENTAL TERM LOAN] / [REVOLVING BORROWING/SWINGLINE LOAN]

CONSENTING LENDER:

 

{Type or print name of Consenting Lender}

	
 
	

	
 

By:  
Name:  
Title:  

By:  
Name:  
Title:  

 

[Consenting Lender Signature Page to Maturity Date Extension Request]

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