Document:

Exhibit 10.1

 

EXECUTION COPY

     FIFTH AMENDMENT, dated as of November 13, 2006 (the “Fifth Amendment”), to the Amended
and Restated Credit Agreement, dated as of July 1, 2004 (as amended, supplemented or otherwise
modified, the “Credit Agreement”), among PIKE ELECTRIC CORPORATION, a Delaware corporation
(“Holdings”), PIKE ELECTRIC, INC., a North Carolina corporation (the “Borrower”),
the several banks and other financial institutions from time to time parties thereto (the
“Lenders”), J.P. MORGAN SECURITIES INC., as syndication agent, NATIONAL CITY BANK, as
documentation agent, and BARCLAYS BANK PLC, as administrative agent for the Lenders thereunder (in
such capacity, the “Administrative Agent”). All capitalized terms used herein that are
defined in the Credit Agreement and that are not otherwise defined herein shall have the respective
meanings ascribed thereto in the Credit Agreement.

W I T N E S S E T H:

     WHEREAS, the Borrower has requested that the Lenders agree to amend the Credit Agreement to
modify certain terms and conditions of the Credit Agreement; and

     WHEREAS, the Lenders have agreed to amend the Credit Agreement solely on the terms and
conditions set forth in this Fifth Amendment.

     NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein,
the parties agree as follows:

SECTION 1. AMENDMENTS TO THE CREDIT AGREEMENT

     The definition of “Change of Control” in Section 10 of the Credit Agreement is hereby amended
by deleting clause (i) thereto in its entirety and substituting in lieu thereof the following:

     “(i) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)), excluding members
of the LGB Group, shall become, or obtain rights (whether by means or warrants, options or
otherwise) to become, the ‘beneficial owner” (as defined in Rule 13(d)(3) and 13(d)(5) of
the Exchange Act), directly or indirectly, of more than 35% of the outstanding common stock
of Holdings; or”

SECTION 2. CONDITIONS PRECEDENT

     This Fifth Amendment shall become effective on the date (the “Fifth Amendment Effective
Date”) upon which the Administrative Agent shall have received (a) counterparts of this Fifth
Amendment duly executed by Holdings, the Borrower and the Required Lenders and (b) an
Acknowledgment and Consent, substantially in the form of Exhibit A hereto, duly executed and
delivered by each Credit Party party to the Guarantee and Collateral Agreement.

SECTION 3. REPRESENTATIONS AND WARRANTIES

     To induce the Administrative Agent and the Lenders to enter into this Fifth Amendment, each of
Holdings and the Borrower hereby represent and warrant to the Administrative Agent and the Lenders
that (before and after giving effect to this Fifth Amendment):

 

 

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     3.1 Each Credit Party has the corporate power and authority, and the legal right, to make and
deliver this Fifth Amendment and the Acknowledgment and Consent (the “Amendment Documents”)
to which it is a party and to perform its obligations under the Credit Agreement, as amended hereby
(the “Amended Credit Agreement”). Each Credit Party has taken all necessary corporate or
other action to authorize the execution, delivery and performance of the Amendment Documents to
which it is a party and the performance of the Amended Credit Agreement.

     3.2 Each of the representations and warranties made by any Credit Party herein or in or
pursuant to the Credit Documents is true and correct in all material respects on and as of the
Fifth Amendment Effective Date as if made on and as of such date (except that any representation or
warranty which by its terms is made as of an earlier date shall be true and correct as of such
earlier date).

     3.3 The Borrower and the other Credit Parties have performed in all material respects all
agreements and satisfied all conditions which this Fifth Amendment and the other Credit Documents
provide shall be performed or satisfied by the Borrower or the other Credit Parties on or before
the Fifth Amendment Effective Date.

     3.4 After giving effect to this Fifth Amendment, no Default or Event of Default has occurred
and is continuing, or will result from the consummation of the transactions contemplated by this
Fifth Amendment.

SECTION 4. MISCELLANEOUS

     4.1 Counterparts. This Fifth Amendment may be executed by the parties hereto in any
number of separate counterparts, and all of said counterparts taken together shall be deemed to
constitute one and the same instrument. Delivery of an executed counterpart of a signature page of
this Fifth Amendment by facsimile or other electronic transmission shall be effective as delivery
of a manually executed counterpart of this Fifth Amendment.

     4.2 Fees and Expenses. (a) If the Fifth Amendment Effective Date occurs, the
Borrower agrees to pay an amendment fee to the Administrative Agent for the account of each Lender
that has executed and delivered this Amendment to the Administrative Agent on or prior to 5:00 p.m.
New York time on November 13, 2006, in an amount equal to 0.05% of the aggregate amount of the
Revolving Credit Commitment of such Lender and the Term Loans of such Lender. Such amendment fee
shall be payable on November 13, 2006.

     (b) The Borrower agrees to pay or reimburse the Administrative Agent for all of its reasonable
out-of-pocket costs and expenses in connection with the negotiation, preparation, execution and
delivery of this Fifth Amendment, including, without limitation, the reasonable fees and expenses
of Simpson Thacher & Bartlett LLP.

     4.3 Continuing Effect. Except as expressly amended hereby, the Credit Agreement and
the other Credit Documents shall continue to be and shall remain in full force and effect in
accordance with their terms. This Fifth Amendment shall not constitute an amendment or waiver of
any provision of the Credit Agreement or the other Credit Documents not expressly referred to
herein and shall not be construed as an amendment, waiver or consent to any action on the part of
the Borrower or of Holdings that would require an amendment, waiver or consent of the
Administrative Agent or the Lenders except as expressly stated herein. Any reference to the

 

 

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“Credit Agreement” in the Credit Documents or any related documents shall be deemed to be a
reference to the Credit Agreement as amended by this Fifth Amendment.

     4.4 GOVERNING LAW. THIS FIFTH AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

     4.5 Miscellaneous. On and after the Fifth Amendment Effective Date, each reference in
the Credit Agreement to “this Agreement”, “hereunder”, “hereof, “herein”, or words of like import
referring to the Credit Agreement, and each reference in the other Credit 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 Amended Credit Agreement.

 

 

     IN WITNESS WHEREOF, the parties have caused this Fifth Amendment to be executed and delivered
by their respective duty authorized officers as of the day and year first above written.

	 	 	 	 	 
	 	PIKE ELECTRIC CORPORATION

 	 
	 	By:  	/s/  J. Eric Pike
 	 
	 	 	Name:  	J. Eric Pike 	 
	 	 	Title:  	President & Chief Executive Officer 	 
	 
	 	PIKE ELECTRIC, INC.

 	 
	 	By:  	/s/  J. Eric Pike
 	 
	 	 	Name:  	J. Eric Pike 	 
	 	 	Title:  	President & Chief Executive Officer 	 
	 

 

 

 

 

 

 

Fifth Amendment

 

 

	 	 	 	 	 
	 	BARCLAYS BANK PLC,

Individually and as Administrative Agent

 	 
	 	By:  	/s/  David Barton
 	 
	 	 	Name:  	David Barton 	 
	 	 	Title:  	Associate Director 	 
	 

 

 

 

 

 

 

Fifth AmendmentEX-4.1 FOURTH SUPPLEMENTAL INDENTURE

 

Exhibit 4.1

     FOURTH SUPPLEMENTAL INDENTURE, dated as of November 14, 2006, to the Indenture dated as
of December 16, 1993 (as amended and supplemented to the date hereof, the “Indenture”), by and
between HCA Inc., a Delaware corporation (as successor to Columbia Healthcare Corporation) (the
“Company”) and The Bank of New York (successor to Bank One Trust Company, N.A., as trustee, which
succeeded The First National Bank of Chicago), as trustee (the “Trustee”).

W I T N E S S E T H:

     WHEREAS, the Company and the Trustee have heretofore executed and delivered the Indenture, and
the Company has issued pursuant to the Indenture its 8.850% Medium Term Notes due 2007 (the “8.850%
Notes”), 7.000% Notes due 2007 (the “7.000% Notes”), 7.250% Notes due 2008 (the “7.250% Notes”),
5.250% Notes due 2008 (the “5.250% Notes”) and 5.500% Notes due 2009 (the “5.500% Notes” and,
together with the 8.850% Notes, the 7.000% Notes, the 7.250% Notes and the 5.250% Notes,
collectively the “Notes”);

     WHEREAS, Section 1002 of the Indenture provides that the Company and the Trustee may, with the
consent of the holders of at least a majority in principal amount of a series of the Notes, enter
into a supplemental indenture for the purpose of amending certain provisions of (i) the Indenture
with respect to such series and (ii) the Notes of such series;

     WHEREAS, in connection with the merger (the “Merger”) contemplated by the Agreement and Plan
of Merger dated as of July 24, 2006 among the Company, Hercules Holding II, LLC, a Delaware limited
liability company and Hercules Acquisition Corporation, a Delaware corporation, the Company has
offered to purchase for cash any and all of the outstanding Notes upon the terms and subject to the
conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated October 6,
2006 (as the same may be amended or supplemented from time to time, the “Statement”), and in the
related Consent and Letter of Transmittal (as the same may be amended or supplemented from time to
time, the “Consent and Letter of Transmittal” and, together with the Statement, with respect to the
Notes, the “Offers”), from each Holder of such Notes;

     WHEREAS, in connection with the Offers, the Company has sought consents (“Consents”) from
Holders to certain amendments to the Indenture and to the Notes as set forth in Article Two and
Article Three of this Fourth Supplemental Indenture (the “Amendments”);

     WHEREAS, the Company has received and delivered to the Trustee the consents from Holders of
more than a majority of the outstanding principal amount of each series of Notes to effect the
Amendments with respect to such series;

     WHEREAS, the Company has been authorized by a resolution of its Board of Directors to enter
into this Fourth Supplemental Indenture; and

     WHEREAS, all other acts and proceedings required by law, by the Indenture and by the charter
documents of the Company to make this Fourth Supplemental Indenture a valid

 

 

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and binding agreement for the purposes expressed herein, in accordance with its terms, have
been duly done and performed;

     NOW, THEREFORE, in consideration of the premises and the covenants and agreements contained
herein, and for other good and valuable consideration the receipt of which is hereby acknowledged,
the Company and the Trustee hereby agree as follows:

ARTICLE ONE

     SECTION 1.01. Definitions.

     Capitalized terms used in this Fourth Supplemental Indenture and not otherwise defined herein
shall have the meanings assigned to such terms in the Indenture.

ARTICLE TWO

     SECTION 2.01. Amendment of Certain Provisions in Article Five.

     (a) Section 501 of the Indenture is amended by inserting the following text at the end of
clause (4) thereof after the semicolon and before the word “or”:

“provided, however, that this clause (4) shall be inapplicable to,
and shall be deleted from this Indenture as it relates to, the
Company’s 8.850% Medium Term Notes due 2007 (the “8.850% Notes”),
7.000% Notes due 2007 (the “7.000% Notes”), 7.250% Notes due 2008
(the “7.250% Notes”), 5.250% Notes due 2008 (the “5.250% Notes”) and
5.500% Notes due 2009 (the “5.500% Notes” and, together with the
8.850% Notes, the 7.000% Notes, the 7.250% Notes and the 5.250%
Notes, collectively the “Notes”);”

     SECTION 2.02. Amendment of Certain Provisions in Article Nine.

     (a) Section 901 of the Indenture is amended by inserting the following text at the end of
clause (2) thereof after the semicolon and before the word “and”:

“provided, however, that this clause (2) shall be inapplicable to,
and shall be deleted from this Indenture as it relates to, the
Notes;”

     (b) Section 901 of the Indenture is amended by inserting the following text at the end of
clause (3) thereof after the semicolon and before the word “and”:

“provided, however, that this clause (3) shall be inapplicable to,
and shall be deleted from this Indenture as it relates to, the
Notes;”

 

 

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     SECTION 2.03. Amendment of Certain Provisions in Article Eleven.

     (a) Section 1104 of the Indenture is amended by inserting the following text at the end of
such Section:

“and, provided, further, that this Section 1104 shall be
inapplicable to, and shall be deleted from this Indenture as it
relates to, the Notes;”

     (b) Section 1105 of the Indenture is amended by inserting the following text at the end of
such Section:

“Notwithstanding anything to the contrary contained herein, this
Section 1105 shall be inapplicable to, and shall be deleted from
this Indenture as it relates to, the Notes.”

     (c) Section 1106 of the Indenture is amended by inserting the following text at the end of
such Section:

“Notwithstanding anything to the contrary contained herein, this
Section 1106 shall be inapplicable to, and shall be deleted from
this Indenture as it relates to, the Notes.”

     (d) Section 1107 of the Indenture is amended by inserting the following text at the end of
such Section:

“Notwithstanding anything to the contrary contained herein, this
Section 1107 shall be inapplicable to, and shall be deleted from
this Indenture as it relates to, the Notes.”

     (e) Section 1108 of the Indenture is amended by inserting the following text at the end of
such Section:

““Notwithstanding anything to the contrary contained herein, this
Section 1108 shall be inapplicable to, and shall be deleted from
this Indenture as it relates to, the Notes.”

ARTICLE THREE

     SECTION 3.01. Elimination of Certain Provisions in the Notes.

     The Notes are deemed to be amended as follows:

     (a) Each Note is deemed amended by replacing “(the “Indenture”)” with “(as amended from time
to time, the “Indenture”)”.

 

 

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     (b) Each Note is deemed amended by the insertion of the following text on the reverse of the
Note:

     The terms of the Indenture and this Note have been amended and
the following provisions of the Indenture are no longer applicable
to this Note: clause (4) of Section 501; clauses (2) and (3) of
Section 901; Section 1104; Section 1105; Section 1106; Section 1107;
and Section 1108.

ARTICLE FOUR

     SECTION 4.01. Effectiveness of Amendments to Indenture.

     This Fourth Supplemental Indenture shall be effective upon its signing by the parties hereto;
provided that the Amendments will only become operative concurrently with the Merger, provided that
all validly tendered Notes are accepted for purchase pursuant to the Offers. In the event that the
Company withdraws or terminates the Offers prior to the Merger or does not purchase Notes tendered
pursuant to the Offers, this Fourth Supplemental Indenture shall be terminated and be of no force
or effect and the Indenture and the Notes shall not be modified hereby. The Company shall promptly
notify the Trustee in writing in the event that the Offers are withdrawn or terminated prior to the
Merger or if it does not purchase Notes tendered pursuant to the Offers.

     SECTION 4.02. Continuing Effect of Indenture.

     Except as expressly provided herein, all of the terms, provisions and conditions of the
Indenture and the Notes shall remain in full force and effect.

     SECTION 4.03. Construction of Fourth Supplemental Indenture.

     This Fourth Supplemental Indenture is executed as and shall constitute an indenture
supplemental to the Indenture and shall be construed in connection with and as part of the
Indenture. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS FOURTH
SUPPLEMENTAL INDENTURE.

     SECTION 4.04. Trust Indenture Act Controls.

     If any provision of this Fourth Supplemental Indenture limits, qualifies or conflicts with
another provision of this Fourth Supplemental Indenture or the Indenture that is required to be
included by the Trust Indenture Act of 1939 as in force at the date as of which this Fourth
Supplemental Indenture is executed, the provision required by said Act shall control.

 

 

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     SECTION 4.05. Trustee Disclaimer.

     The recitals contained in this Fourth Supplemental Indenture shall be taken as the statements
of the Company and the Trustee assumes no responsibility for their correctness. The Trustee makes
no representations as to the validity or sufficiency of this Fourth Supplemental Indenture.

     SECTION 4.06. Counterparts.

     This Fourth Supplemental Indenture may be executed in any number of counterparts, each of
which so executed shall be deemed to be an original, but all such counterparts shall together
constitute but one and the same instrument.

 

 

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     IN WITNESS WHEREOF, the parties hereto have caused this Fourth Supplemental Indenture to be
duly executed, all as of the day and year first above written.

	 	 	 	 	 
	 	HCA INC.

 	 	 
	 	By   /s/ David G. Anderson
 	 
	 	Name:  	David G. Anderson 	 
	 	Title:  	Senior Vice President--Finance and Treasurer 	 
	 

	 	 	 	 	 
	 	THE BANK OF NEW YORK, as Trustee

 	 
	 	By   /s/ Van K. Brown
 	 
	 	Name:  	Van K. Brown 	 
	 	Title:  	Vice President

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