Document:

EX-10.1

 Exhibit 10.1 

AMENDMENT NO. 2 dated as of December 5, 2016 (this “Amendment”), to the CREDIT
AGREEMENT dated as of July 25, 2007, as amended and restated as of November 5, 2010, February 2, 2012, and January 27, 2014, as further amended as of March 9, 2015, and May 18, 2015 (as heretofore amended,
supplemented, amended and restated or otherwise modified, the “Credit Agreement”), among CHS/COMMUNITY HEALTH SYSTEMS, INC., a Delaware corporation (the “Borrower”), COMMUNITY HEALTH SYSTEMS, INC., a
Delaware corporation (“Parent”), the lenders party thereto (the “Lenders”) and CREDIT SUISSE AG, as administrative agent (in such capacity, the “Administrative Agent”) and as
collateral agent for the Lenders. 
 PRELIMINARY STATEMENT 

A. Pursuant to the Credit Agreement, the Lenders have extended, and have agreed to extend, credit to the Borrower. 

B. The Borrower, Parent and the Required Covenant Lenders desire that certain provisions of the Credit Agreement be amended as provided
herein. 
 C. Parent, the Borrower and the Subsidiary Guarantors are party to one or more of the Security Documents, pursuant to which,
among other things, Parent and the Subsidiary Guarantors Guaranteed the Obligations of the Borrower under the Credit Agreement and provided security therefor. 

Accordingly, in consideration of the mutual agreements herein contained 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. Defined Terms.
Capitalized terms used but not otherwise defined herein (including the preliminary statement hereto) shall have the meanings assigned thereto in the Credit Agreement. The provisions of Section 1.02 of the Credit Agreement are hereby
incorporated by reference herein, mutatis mutandis. 
 SECTION 2. Amendments to the Credit Agreement. Subject to the
satisfaction of the conditions set forth in Section 4 hereof, the Credit Agreement is hereby amended as follows, effective as of the Amendment Effective Date (as defined below): 

 (a) Section 6.12 (Interest Coverage Ratio) of the Credit Agreement is hereby
amended by replacing in its entirety the chart contained therein with the following: 
  

					
	 Period
	  	Ratio	 
	 December 31, 2013 through December 31, 2017
	  	 	2.00 to 1.00	  
	 Thereafter
	  	 	2.25 to 1.00	  

 (b) Section 6.13 (Maximum Secured Net Leverage Ratio) of the Credit Agreement is hereby
amended by replacing in its entirety the chart contained therein with the following: 
  

					
	 Period
	  	Ratio	 
	 December 31, 2013 through December 31, 2015
	  	 	4.50 to 1.00	  
	 January 1, 2016 through September 30, 2016
	  	 	4.25 to 1.00	  
	 October 1, 2016 through December 31, 2017
	  	 	4.50 to 1.00	  
	 Thereafter
	  	 	4.00 to 1.00	  

 SECTION 3. Representations and Warranties. To induce the other parties hereto to enter into this
Amendment, each of Parent, the Borrower and each Subsidiary Guarantor hereby represents and warrants to each of the Revolving Credit Lenders and the 2019 Term A Lenders (collectively, the “Pro Rata Lenders”), the
Administrative Agent, the Issuing Banks and the Collateral Agent that, after giving effect to this Amendment: 
 (a) The
representations and warranties set forth in Article III of the Credit Agreement and in each other Loan Document are true and correct in all material respects on and as of the Amendment Effective Date as though made on and as of such date,
except to the extent that such representations and warranties expressly relate to an earlier date. 
 (b) No Default or
Event of Default has occurred and is continuing. 
 (c) None of the Security Documents in effect on the Amendment Effective
Date will be rendered invalid, non-binding or unenforceable against any Loan Party as a result of this Amendment. The Guarantees created under such Security Documents will continue to guarantee the Obligations to the same extent as they guaranteed
the Obligations immediately prior to the Amendment Effective Date. The Liens created under such Security Documents will continue to secure the Obligations, and will continue to be perfected, in each case, to the same extent as they secured the
Obligations or were perfected immediately prior to the Amendment Effective Date. 

  
 2 

 SECTION 4. Effectiveness. This Amendment shall become effective on and as of
the date on which each of the following conditions precedent is satisfied (such date, the “Amendment Effective Date”): 

(a) The Administrative Agent shall have received duly executed and delivered counterparts of this Amendment that, when taken
together, bear the signatures of Parent, the Borrower, each Subsidiary Guarantor and the Required Covenant Lenders. 
 (b)
The Administrative Agent shall have received payment from the Borrower, for the account of each Pro Rata Lender that shall have unconditionally and irrevocably delivered to the Administrative Agent (or its counsel) its executed signature page to
this Amendment at or prior to 5:00 p.m., New York City time, on December 2, 2016 (each, a “Consenting Lender”), an amendment fee in an amount equal to 0.125% of the aggregate outstanding principal amount of such
Consenting Lender’s 2019 Term A Loans and the aggregate amount of such Consenting Lender’s Revolving Credit Commitments (whether drawn or undrawn), as the case may be, in each case as of the Amendment Effective Date. Such fees shall be
payable in immediately available funds and, once paid, shall not be refundable in whole or in part. 
 (c) The
Administrative Agent shall have received all other fees and other amounts due and payable on or prior to the Amendment Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be
reimbursed or paid by the Borrower in connection with the transactions contemplated hereby or under any other Loan Document. 

(d) The Administrative Agent shall have received a favorable opinion of Bass, Berry & Sims PLC, counsel for Parent
and the Borrower, in form and substance reasonably satisfactory to the Administrative Agent. 
 (e) The Administrative Agent
shall have received such customary documents and certificates as the Administrative Agent may reasonably request relating to the formation, incorporation, organization, existence and good standing of each Loan Party, the authorization of the
transactions contemplated hereby and any other legal matters relating to the Loan Parties, the Loan Documents or such transactions, all in form and substance reasonably satisfactory to the Administrative Agent. 

(f) The Administrative Agent shall have received a certificate, dated the Amendment Effective Date and signed by a Financial
Officer of the Borrower, certifying that the representations and warranties set forth in Section 3 hereof are true and correct as of the Amendment Effective Date. 

The Administrative Agent shall notify Parent, the Borrower and the Lenders of the Amendment Effective Date and such notice shall be conclusive
and binding. 
 SECTION 5. Effect of this Amendment. (a) Except as expressly set forth herein, this Amendment shall not by
implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Administrative Agent, the 

  
 3 

 
Lenders or any other Secured Party under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations,
covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Loan Party to a
consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. This
Amendment shall apply and be effective only with respect to the provisions of the Credit Agreement specifically referred to herein. 

(b) From and after the Amendment Effective Date, any reference to the Credit Agreement shall mean the Credit Agreement as
modified by this Amendment. 
 (c) This Amendment shall constitute a “Loan Document” for all purposes of the
Credit Agreement and the other Loan Documents. 
 SECTION 6. Additional Undertakings. Each of Parent and the Borrower covenants and
agrees with each Pro Rata Lender that, so long as the Credit Agreement remains in effect and until (i) the Revolving Credit Commitments have been terminated, (ii) the principal of and interest on each 2019 Term A Loan, Other Term A Loan
and Revolving Loan have been paid in full, (iii) all Fees and all other expenses or amounts payable under any Loan Document in respect of the foregoing have been paid in full and (iv) all Letters of Credit have been cancelled or have
expired and all amounts drawn thereunder have been reimbursed in full or other arrangements acceptable to the Issuing Banks and the Administrative Agent have been made with respect thereto, unless the Required Covenant Lenders shall otherwise
consent in writing, notwithstanding anything in the Credit Agreement or any other Loan Document to the contrary, neither Parent nor the Borrower will, nor will they cause or permit any of the Subsidiaries to: 

(a) Incur or establish any (i) Incremental Term Loan Commitments, (ii) Revolving Credit Commitment Increases,
(iii) revolving credit commitments in accordance with Section 6.01(r) of the Credit Agreement (as may be in effect from time to time) or (iv) Indebtedness in accordance with Section 6.01(w) of the Credit Agreement (as may be in
effect from time to time), in each case pursuant to clause (a)(x) of the definition of “Incremental Amount” in excess of $750,000,000 in the aggregate for all of the foregoing collectively; 

(b) On any date prior to January 1, 2018, reinvest any proceeds of any Asset Sale pursuant to the first proviso of the
definition of “Net Cash Proceeds” (for the avoidance of doubt, it being understood and agreed that the applicable cash proceeds received in respect of any Asset Sale shall constitute Net Cash Proceeds as and when received); or 

(c) Make any Restricted Payment pursuant to Section 6.06(a)(vii) of the Credit Agreement (as in effect from time to time)
if, at the time of and after giving effect thereto, the Secured Net Leverage Ratio would exceed 3.0 to 1.0. 

  
 4 

 The provisions of this Section 6 of this Amendment are solely for the benefit of the Pro
Rata Lenders and the Required Covenant Lenders may (i) amend or otherwise modify this Section 6 or, solely for the purposes of this Section 6, the defined terms used, directly or indirectly, herein, or (ii) waive any
non-compliance with this Section 6 or any Default or Event of Default resulting from such non-compliance. For the avoidance of doubt, any breach of this Section 6 shall constitute a breach of a covenant contained in a Loan Document in
accordance with Article VII(e) of the Credit Agreement. 
 SECTION 7. Reaffirmation. Each of Parent, the Borrower and each of the
Subsidiary Guarantors identified on the signature pages hereto (collectively, Parent, the Borrower and such Subsidiary Guarantors, the “Reaffirming Loan Parties”) hereby acknowledges that it expects to receive substantial
direct and indirect benefits as a result of this Amendment and the transactions contemplated hereby. Each Reaffirming Loan Party hereby consents to this Amendment and the transactions contemplated hereby, and hereby confirms its respective
guarantees, pledges and grants of security interests, as applicable, under each of the Loan Documents to which it is party, and agrees that, notwithstanding the effectiveness of this Amendment and the transactions contemplated hereby, such
guarantees, pledges and grants of security interests shall continue to be in full force and effect and shall accrue to the benefit of the Secured Parties. 

SECTION 8. Expenses. The Borrower agrees to reimburse the Administrative Agent for its reasonable out-of-pocket expenses in connection
with the Loan Documents (including the preparation of this Amendment), including the reasonable fees, charges and disbursements of Cravath, Swaine & Moore LLP. 

SECTION 9. Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument. Delivery by electronic transmission (e.g., “pdf”) of an executed counterpart of a signature page to this Amendment shall be effective as delivery of an original executed
counterpart of this Amendment, and, once delivered, may not be withdrawn or revoked unless this Amendment fails to become effective in accordance with its terms on or prior to January 31, 2017. 

SECTION 10. No Novation. This Amendment shall not extinguish the obligations for the payment of money outstanding under the Credit
Agreement or discharge or release the Lien or priority of any Loan Document or any other security therefor or any guarantee thereof. Nothing herein contained shall be construed as a substitution or novation of the Obligations outstanding under the
Credit Agreement or instruments guaranteeing or securing the same, which shall remain in full force and effect, except as modified hereby or by instruments executed concurrently herewith. Nothing expressed or implied in this Amendment or any other
document contemplated hereby shall be construed as a release or other discharge of the Borrower under the Credit Agreement or any Loan Party under any other Loan Document from any of its obligations and liabilities thereunder. The Credit Agreement
and each of the other Loan Documents shall remain in full force and effect, until and except as modified hereby or thereby in connection herewith or therewith. 

  
 5 

 SECTION 11. Governing Law. (a) THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 (b) EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).
EACH PARTY HERETO (I) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(II) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AMENDMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 12. Headings. Section headings used herein are for convenience of reference only, are not part of this Amendment and shall not
affect the construction of, or be taken into consideration in interpreting, this Amendment. 
 [Remainder of page intentionally
left blank] 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their
respective authorized officers as of the date first above written. 
  

			
	COMMUNITY HEALTH SYSTEMS, INC.,
		
	by	 	 /s/ Rachel A. Seifert

		 	Name: Rachel A. Seifert
		 	Title: Executive Vice President
	
	CHS/COMMUNITY HEALTH SYSTEMS, INC.,
		
	by	 	 /s/ Rachel A. Seifert

		 	Name: Rachel A. Seifert
		 	Title: Executive Vice President

  
 [SIGNATURE
PAGE TO AMENDMENT NO. 2 TO 
 CREDIT
AGREEMENT OF CHS/COMMUNITY HEALTH SYSTEMS, INC.] 

 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, individually and as Administrative Agent, Collateral Agent, Swingline Lender and an Issuing Bank
		
	by	 	 /s/ Doreen Barr

		 	Name: Doreen Barr
		 	Title: Authorized Signatory
		
	by	 	 /s/ Warren Van Heyst

		 	Name: Warren Van Heyst
		 	Title: Authorized Signatory

  
 [SIGNATURE
PAGE TO AMENDMENT NO. 2 TO 
 CREDIT
AGREEMENT OF CHS/COMMUNITY HEALTH SYSTEMS, INC.] 

 
			
	WELLS FARGO BANK, N.A., individually and as an Issuing Bank
		
	    by 	 	 /s/ Monique Dubisky

		 	Name: Monique Dubisky
		 	Title: Director

  
 [SIGNATURE
PAGE TO AMENDMENT NO. 2 TO 
 CREDIT
AGREEMENT OF CHS/COMMUNITY HEALTH SYSTEMS, INC.] 

					
	 Abilene Hospital, LLC
 Abilene Merger, LLC

Affinity Health Systems, LLC
 Affinity Hospital, LLC

Amory HMA, LLC
 Anniston HMA, LLC

Berwick Hospital Company, LLC
 Biloxi H.M.A., LLC

Birmingham Holdings, LLC
 Birmingham Holdings II, LLC

Bluefield Holdings, LLC
 Bluefield Hospital Company, LLC

Bluffton Health System LLC
 Brandon HMA, LLC

Brevard HMA Holdings, LLC
 Brevard HMA Hospitals, LLC

Brownwood Hospital, L.P.
 Brownwood Medical Center, LLC

Bullhead City Hospital Corporation
 Bullhead City Hospital
Investment Corporation
 Campbell County HMA, LLC
 Carlisle HMA,
LLC
 Carlsbad Medical Center, LLC
 Carolinas Holdings, LLC

Carolinas JV Holdings General, LLC
 Carolinas JV Holdings,
L.P.
 Central Florida HMA Holdings, LLC
 Central States HMA
Holdings, LLC
 Chester HMA, LLC
	  	 Chestnut Hill Health System, LLC
 CHHS Holdings,
LLC
 CHHS Hospital Company, LLC
 CHS Pennsylvania Holdings,
LLC
 CHS Tennessee Holdings, LLC
 CHS Virginia Holdings,
LLC
 CHS Washington Holdings, LLC
 Citrus HMA, LLC

Clarksdale HMA, LLC
 Clarksville Holdings, LLC

Clarksville Holdings II, LLC
 Cleveland Hospital Corporation

Cleveland Tennessee Hospital Company, LLC
 Clinton HMA, LLC

Coatesville Hospital Corporation
 Cocke County HMA, LLC

College Station Hospital, L.P.
 College Station Medical Center,
LLC
 College Station Merger, LLC
 Community Health Investment
Company, LLC
 CP Hospital GP, LLC
 CPLP, LLC

Crestwood Healthcare, L.P.
 Crestwood Hospital, LLC

Crestwood Hospital LP, LLC
 CSMC, LLC

Deaconess Holdings, LLC
 Deaconess Hospital Holdings, LLC
	  	 Desert Hospital Holdings, LLC
 Detar Hospital,
LLC
 DHFW Holdings, LLC
 Dukes Health System, LLC

Dyersburg Hospital Corporation
 Emporia Hospital Corporation

Florida HMA Holdings, LLC
 Foley Hospital Corporation

Fort Smith HMA, LLC
 Frankfort Health Partner, Inc.

Franklin Hospital Corporation
 Gadsden Regional Medical Center,
LLC
 Gaffney H.M.A., LLC
 Granbury Hospital Corporation

GRMC Holdings, LLC
 Hallmark Healthcare Company, LLC

Health Management Associates, LLC
 Health Management Associates,
LP
 Health Management General Partner, LLC
 Health Management
General Partner I, LLC
 HMA Fentress County General Hospital, LLC

HMA Hospitals Holdings, LP
 HMA Santa Rosa Medical Center, LLC

HMA Services GP, LLC
 HMA-TRI Holdings, LLC

  

			
	         By:
	 	 /s/ Rachel A. Seifert

	         Name: Rachel A. Seifert

	         Title: Executive Vice
President

 Acting on behalf of each of the Subsidiary Guarantors set forth above 

  
 [SIGNATURE
PAGE TO AMENDMENT NO. 2 TO 
 CREDIT
AGREEMENT OF CHS/COMMUNITY HEALTH SYSTEMS, INC.] 

					
	 Hobbs Medco, LLC
 Hospital of Morristown,
Inc.
 Hospital Management Associates, LLC
 Hospital Management
Services of Florida, LP
 Jackson Hospital Corporation (TN)

Jackson HMA, LLC
 Jefferson County HMA, LLC

Jourdanton Hospital Corporation
 Kay County Hospital
Corporation
 Kay County Oklahoma Hospital Company, LLC
 Kennett
HMA, LLC
 Key West HMA, LLC
 Kirksville Hospital Company,
LLC
 Knoxville HMA Holdings, LLC
 Lakeway Hospital
Corporation
 Lancaster Hospital Corporation
 Laredo Texas
Hospital Company, L.P.
 Las Cruces Medical Center, LLC
 Lea
Regional Hospital, LLC
 Lebanon HMA, LLC
 Longview Clinic
Operations Company, LLC
 Longview Medical Center, L.P.

Longview Merger, LLC
 LRH, LLC

Lutheran Health Network of Indiana, LLC
	  	 Madison HMA, LLC
 Marshall County HMA, LLC

Martin Hospital Corporation
 Mary Black Health System, LLC

Mayes County HMA, LLC
 MCSA, L.L.C.

Medical Center of Brownwood, LLC
 Melbourne HMA, LLC

Merger Legacy Holdings, LLC
 Metro Knoxville HMA, LLC

Mississippi HMA Holdings I, LLC
 Mississippi HMA Holdings II,
LLC
 Moberly Hospital Company, LLC
 Naples HMA, LLC

Natchez Hospital Company, LLC
 National Healthcare of Leesville,
Inc.
 Navarro Hospital, L.P.
 Navarro Regional, LLC

NC-DSH, LLC
 Northampton Hospital Company, LLC

Northwest Arkansas Hospitals, LLC
 Northwest Hospital, LLC

NOV Holdings, LLC
 NRH, LLC

Oak Hill Hospital Corporation
 Oro Valley Hospital, LLC

Palmer-Wasilla Health System, LLC
 Pasco Regional Medical Center,
LLC
 Pennsylvania Hospital Company, LLC
	  	 Phoenixville Hospital Company, LLC
 Poplar Bluff
Regional Medical Center, LLC
 Port Charlotte HMA, LLC

Pottstown Hospital Company, LLC
 Punta Gorda HMA, LLC

QHG Georgia Holdings, Inc.
 QHG Georgia Holdings II, LLC

QHG Georgia, LP
 QHG of Bluffton Company, LLC

QHG of Clinton County, Inc.
 QHG of Enterprise, Inc.

QHG of Forrest County, Inc.
 QHG of Fort Wayne Company, LLC

QHG of Hattiesburg, Inc.
 QHG of South Carolina, Inc.

QHG of Spartanburg, Inc.
 QHG of Springdale, Inc.

Regional Hospital of Longview, LLC
 River Oaks Hospital, LLC

River Region Medical Corporation
 Rockledge HMA, LLC

ROH, LLC
 Roswell Hospital Corporation

Ruston Hospital Corporation
 Ruston Louisiana Hospital Company,
LLC
 SACMC, LLC
 Salem Hospital Corporation

San Angelo Community Medical Center, LLC

  

			
	         By:
	 	 /s/ Rachel A. Seifert

	         Name: Rachel A. Seifert

	         Title: Executive Vice
President

 Acting on behalf of each of the Subsidiary Guarantors set forth above 

  
 [SIGNATURE
PAGE TO AMENDMENT NO. 2 TO 
 CREDIT
AGREEMENT OF CHS/COMMUNITY HEALTH SYSTEMS, INC.] 

 LENDER SIGNATURE PAGE TO 

AMENDMENT NO. 2 
 TO CREDIT AGREEMENT
OF 
 CHS/COMMUNITY HEALTH SYSTEMS, INC. 
  

					
	 San Angelo Medical, LLC
 Scranton Holdings,
LLC
 Scranton Hospital Company, LLC
 Scranton Quincy Holdings,
LLC
 Scranton Quincy Hospital Company, LLC
 Sebastian Hospital,
LLC
 Sebring Hospital Management Associates, LLC
 Seminole HMA,
LLC
 Sharon Pennsylvania Holdings, LLC
 Sharon Pennsylvania
Hospital Company, LLC
 Shelbyville Hospital Corporation
 Siloam
Springs Arkansas Hospital Company, LLC
 Siloam Springs Holdings, LLC

Southeast HMA Holdings, LLC
 Southern Texas Medical Center,
LLC
 Southwest Florida HMA Holdings, LLC
 Spokane Valley
Washington Hospital Company, LLC
 Spokane Washington Hospital Company, LLC

Statesville HMA, LLC
	  	 Tennessee HMA Holdings, LP
 Tennyson Holdings,
LLC
 Tomball Texas Holdings, LLC
 Tomball Texas Hospital
Company, LLC
 Triad Healthcare, LLC
 Triad Holdings III,
LLC
 Triad Holdings IV, LLC
 Triad Holdings V, LLC

Triad Nevada Holdings, LLC
 Triad of Alabama, LLC

Triad-ARMC, LLC
 Triad-El Dorado, Inc.

Triad-Navarro Regional Hospital Subsidiary, LLC
 Tullahoma HMA,
LLC
 Tunkhannock Hospital Company, LLC
 Van Buren H.M.A.,
LLC
 Venice HMA, LLC
 VHC Medical, LLC

Vicksburg Healthcare, LLC
 Victoria Hospital, LLC

Victoria of Texas, L.P.
 Virginia Hospital Company, LLC

Warren Ohio Hospital Company, LLC
	  	 Warren Ohio Rehab Hospital Company, LLC

Weatherford Hospital Corporation
 Weatherford Texas Hospital
Company, LLC
 Webb Hospital Corporation
 Webb Hospital
Holdings, LLC
 Wesley Health System LLC
 West Grove Hospital
Company, LLC
 WHMC, LLC
 Wilkes-Barre Behavioral Hospital
Company, LLC
 Wilkes-Barre Holdings, LLC
 Wilkes-Barre Hospital
Company, LLC
 Women & Children’s Hospital, LLC

Woodland Heights Medical Center, LLC
 Woodward Health System,
LLC
 Yakima HMA, LLC
 York Pennsylvania Holdings, LLC

York Pennsylvania Hospital Company, LLC
 Youngstown Ohio Hospital
Company, LLC

  

			
	         By:
	 	 /s/ Rachel A. Seifert

	         Name: Rachel A. Seifert

	         Title: Executive Vice
President

 Acting on behalf of each of the Subsidiary Guarantors set forth above 

  
 [SIGNATURE
PAGE TO AMENDMENT NO. 2 TO 
 CREDIT
AGREEMENT OF CHS/COMMUNITY HEALTH SYSTEMS, INC.] 

 Name of Lender:1 

							
				
		 		 	by	 	  

		 		 		 	Name:
		 		 		 	Title:

 For any Lender requiring a second
signature line: 
  

							
				
		 		 	by	 	  

		 		 		 	Name:
		 		 		 	Title:

  

	1 	Signatures of the requisite number of other lenders are on file with the Administrative Agent 

  
 [SIGNATURE
PAGE TO AMENDMENT NO. 2 TO 
 CREDIT
AGREEMENT OF CHS/COMMUNITY HEALTH SYSTEMS, INC.]Exhibit 10.1

 

ELEVENTH AMENDMENT TO CREDIT AGREEMENT AND SIXTH AMENDMENT TO LIMITED WAIVER AGREEMENT

 

THIS ELEVENTH AMENDMENT TO CREDIT AGREEMENT AND SIXTH AMENDMENT TO LIMITED WAIVER AGREEMENT (this “Amendment”), dated as of November 30, 2016, is among GLOBAL POWER EQUIPMENT GROUP INC., a Delaware corporation (the “Borrower”), WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent for the Lenders (the “Administrative Agent”), the LENDERS (as defined in the Credit Agreement defined below) signing this Amendment, and WELLS FARGO BANK, NATIONAL ASSOCIATION, in its capacity as Swingline Lender and in its capacity as Issuing Lender.

 

RECITALS

 

A.                                    The Borrower, the Administrative Agent, the Lenders, the Swingline Lender and the Issuing Lender are parties to that certain Credit Agreement, dated as of February 21, 2012, as amended by that certain First Amendment to Credit Agreement and First Amendment to Security Agreement, dated as of April 25, 2012, that certain Second Amendment to Credit Agreement, dated as of July 19, 2012, that certain Third Amendment and Limited Waiver to Credit Agreement and Second Amendment to Security Agreement, dated as of March 4, 2013, but effective as of December 7, 2012, that certain Lender Joinder Agreement, effective as of December 17, 2013, that certain Fourth Amendment and Limited Waiver to Credit Agreement, dated as of December 22, 2014, that certain Fifth Amendment and Limited Waiver to Credit Agreement, dated as of May 28, 2015, that certain Limited Waiver and Sixth Amendment to Credit Agreement, dated as of June 30, 2015, that certain Limited Waiver and Seventh Amendment to Credit Agreement and Amendment to Other Loan Documents, dated as of August 31, 2015 (the “Original Limited Waiver Agreement”), that certain First Amendment to Limited Waiver and Seventh Amendment to Credit Agreement and Amendment to Other Loan Documents, dated as of December 11, 2015 (the “First Limited Waiver Amendment”), that certain Second Amendment to Limited Waiver and Seventh Amendment to Credit Agreement and Amendment to Other Loan Documents, dated as of March 25, 2016 (the “Second Limited Waiver Amendment”), that certain Third Amendment to Limited Waiver and Seventh Amendment to Credit Agreement and Amendment to Other Loan Documents, dated as of July 22, 2016 (the “Third Limited Waiver Amendment”), that certain Eighth Amendment to Credit Agreement dated as of August 5, 2016 (the “Eighth Amendment”), that certain Ninth Amendment to Credit Agreement and Fourth Amendment to Limited Waiver Agreement dated as of October 4, 2016 (the “Ninth Amendment”), and that certain Tenth Amendment to Credit Agreement and Fifth Amendment to Limited Waiver Agreement dated as of October 28, 2016 (the “Tenth Amendment”) (such Credit Agreement, as so amended, the “Credit Agreement”; and the Original Limited Waiver Agreement, as amended by the First Limited Waiver Amendment, the Second Limited Waiver Amendment, the Third Limited Waiver Amendment, the Eighth Amendment, the Ninth Amendment and the Tenth Amendment, the “Limited Waiver Agreement”).

 

B.                                    The Borrower has requested that the Administrative Agent, the Lenders, the Swingline Lender and the Issuing Lender agree to amend certain of the provisions of the Credit Agreement and Limited Waiver Agreement pursuant to the terms and conditions of this Amendment.

 

C.                                    The Administrative Agent, the Lenders, the Swingline Lender and the Issuing Lender are willing to agree to such request of the Borrower subject to the terms and conditions of this Amendment.

 

NOW, THEREFORE, in consideration of the covenants, conditions and agreements hereafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are all hereby

 

1

 

acknowledged, the Borrower, the Administrative Agent, the Lenders, the Swingline Lender and the Issuing Lender hereby agree as follows:

 

1.                                      DEFINITIONS.  All capitalized terms used in this Amendment (including in the Recitals to this Amendment) which are not expressly defined in this Amendment shall have the meanings given to them in the Credit Agreement.

 

2.                                      AMENDMENTS TO SECTION 1.1 OF THE CREDIT AGREEMENT.

 

(a)                                 The definition of Applicable Margin contained in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

“Applicable Margin” means (i) 8.50% with respect to LIBOR Rate Loans, (ii) 7.50% with respect to Base Rate Loans, and (iii) 0.75% with respect to the Commitment Fee; provided, however, that immediately following the occurrence of a Benchmark Event of Default, each of the foregoing percentages set forth in clauses (i) and (ii) shall be increased automatically by 1.00% to 9.50% and 8.50% respectively, without any further action by the Borrower, any other Credit Party, the Administrative Agent, any Lender, the Swingline Lender or the Issuing Lender, and such increase shall not in any manner constitute a waiver of such Benchmark Event of Default or a waiver or modification of any right of the Required Lenders to impose the default rate of interest set forth in Section 4.1(c) of the Credit Agreement.

 

(b)                                 The definition of Asset Reserve Amount contained in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

“Asset Reserve Amount” means (a) during any single 2-week period designated by the Administrative Agent in writing to the Borrower and the Lenders, $0, and (b) at all other times, $3,500,000, or such other amount (whether more or less) as the Administrative Agent may in its sole discretion from time to time agree in writing; provided, however, at all times other than the 2-week period designated pursuant to clause (a), the Asset Reserve Amount may not be reduced to an amount less than $3,500,000 for more than 3 consecutive Business Days, or to an amount less than $2,500,000 for any period, without the written consent of the Required Lenders.

 

(c)                                  The definition of Revolving Credit Loan Cap Amount contained in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

“Revolving Credit Loan Cap Amount” means, as of any date of determination: (a) $62,000,000, minus (b) the aggregate amount of all mandatory repayments required to be made by the Borrower under Section 2.4(b)(vi), Section 2.4(b)(vii), Section 2.4(b)(viii), Section 2.4(b)(ix) or Section 2.4(b)(x) through the date of such determination.

 

(d)                                 The following new definition is hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order, to read as follows:

 

“Benchmark Event of Default” means any Waiver Termination Event (as defined in the Limited Waiver Agreement and Seventh Amendment to Credit Agreement) arising as a result of a default or a breach by the Borrower or any other Credit Party of its obligations under Section 4(r) or Section 4(s) of the Limited Waiver Agreement and Seventh Amendment to Credit Agreement.

 

3.                                      AMENDMENT TO SECTION 7.1(f) OF THE CREDIT AGREEMENT.  Section 7.1(f) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

2

 

(f)                                   Cash Flow Forecast.  On or before 2:00 pm (Central time) on Thursday of each week, a rolling 13-week U.S. cash flow forecast, in the format attached hereto as Exhibit J or otherwise in form and detail acceptable to the Administrative Agent (each, a “Submitted Cash Flow Forecast”), which shall include, without limitation, actual weekly and cumulative collections and proceeds of Collateral received by the Borrower or any other Credit Party, weekly and cumulative net cash flow, forecasted U.S. cash receipts and disbursements for the next succeeding 13-week period, and a forecast-to-actual comparison for the week just ended, together with a line item stating the amount of cash and Cash Equivalents of the Foreign Subsidiaries as at the end of such previous week.

 

4.                                      AMENDMENTS TO SECTION 7.1(g) OF THE CREDIT AGREEMENT.  Section 7.1(g) of the Credit Agreement is hereby amended by (a) replacing the date “November 30, 2016” contained therein with the date “December 31, 2016” and (b) amending and restating the phrase “All such annual financial statements shall be audited” contained in the second sentence thereof in its entirety to read: “All such annual financial statements (other than for the Fiscal Year ended December 31, 2012) shall be audited”.

 

5.                                      NEW EXHIBIT J TO THE CREDIT AGREEMENT. Exhibit J is hereby added to the Credit Agreement in the form of Exhibit A attached to this Amendment.

 

6.                                      AMENDMENT TO SECTION 1 OF THE LIMITED WAIVER AGREEMENT. Section 1 of the Limited Waiver Agreement is hereby amended by amending and restating the following definitions contained therein to read as follows:

 

“Stated Waiver Termination Date” means January 31, 2017.

 

“Waiver Termination Event” means the occurrence of any of the following events:

 

(a)                                 the Stated Waiver Termination Date;

 

(b)                                 a default or breach by the Borrower or any other Credit Party of any term, covenant or agreement under this Agreement (other than the Known Existing Waiver Termination Events), including, without limitation, any of the covenants contained in Section 4 of this Agreement;

 

(c)                                  an Event of Default occurs under the Credit Agreement or any of the other Loan Documents (other than the Known Existing Events of Default and the Anticipated Events of Default);

 

(d)                                 the Administrative Agent becomes aware or determines that any Event of Default (other than the Known Existing Events of Default and the Anticipated Events of Default) had occurred and was existing as of the First Amendment to Limited Waiver Agreement Effective Date; or

 

(e)                                  the failure by the Borrower to deliver, within 5 Business Days following request at any time by the Administrative Agent, evidence satisfactory to the Administrative Agent in good faith that all drafting, negotiation, due diligence and other processes required to consummate the transactions described in paragraphs (r) and (s) of Section 4 (including those matters set forth in Schedule A related to such transactions) are underway in such a manner that consummation of such transactions would reasonably be expected to occur on or before the dates set forth therein or in Schedule A.

 

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7.                                      AMENDMENT TO SECTION 4(i) OF THE LIMITED WAIVER AGREEMENT. Section 4(i) of the Limited Waiver Agreement is hereby amended and restated in its entirety to read as follows:

 

(i)                                     Financial Covenants. The Borrower shall (A) not permit certain restatement-related expenses incurred and paid by Borrower to exceed the amount set forth on Schedule A to this Agreement and made a part of this Agreement; and (B) achieve net cash flow of not less than the amounts set forth on Schedule A to this Agreement and made a part of this Agreement.

 

8.                                      AMENDMENT TO SECTION 4(j) OF THE LIMITED WAIVER AGREEMENT. Section 4(j) of the Limited Waiver Agreement is hereby amended and restated in its entirety to read as follows:

 

(j)                                    Engagement of a Consultant by Borrower.  Promptly, and in any event no later than November 23, 2016, the Borrower shall engage (at the Borrower’s expense) a consultant acceptable to the Administrative Agent (the “Consultant”) to assist the Credit Parties pursuant to an engagement agreement with a scope of services and terms and conditions acceptable to the Administrative Agent, which scope of services shall include, without limitation, the services described in paragraph 6 of Schedule A attached to this Agreement and made a part of this Agreement. The Borrower acknowledges and agrees that the Borrower will continue to engage the Consultant at its own expense until the earlier of (i) such time as the Administrative Agent and the Required Lenders have consented in writing to the cessation of the engagement or (ii) the Obligations have been paid in full in cash and Cash Collateralized in accordance with the Credit Agreement. The Borrower acknowledges and agrees that the Consultant has been selected and retained by the Borrower as its consultant of its own volition and at its own expense, and the Consultant is not an employee or agent of the Administrative Agent, the Lenders, the Swingline Lender or the Issuing Lender. The Borrower acknowledges and agrees that neither the Administrative Agent nor any Lender, the Swingline Lender or the Issuing Lender shall have any obligation or liability with respect to the fees, costs and expenses associated with the Borrower’s retention of the Consultant or any results or consequences attributable to the Borrower’s engagement of the Consultant. The Borrower hereby authorizes and directs the Consultant to (x) communicate directly with the Administrative Agent, the Lenders, the Swingline Lender and the Issuing Lender to discuss and review any aspect of the business of any Credit Party and any other matter relating to the engagement between the Borrower and the Consultant, (y) provide the Administrative Agent, the Lenders, the Swingline Lender and the Issuing Lender with such business, financial and other information as the Administrative Agent, the Lenders, the Swingline Lender and the Issuing Lender may request from time to time, and (z) meet periodically with the Administrative Agent, the Lenders, the Swingline Lender and the Issuing Lender to report upon the Consultant’s findings, reports and recommendations.

 

9.                                      AMENDMENT TO SECTION 4(n) OF THE LIMITED WAIVER AGREEMENT. Section 4(n) of the Limited Waiver Agreement is hereby amended to add the following new sentence to the end thereof to read as follows:

 

The Borrower is advised that the daily application of funds described herein will occur at 10:30 am each Business Day (or at such other time as the Administrative Agent may determine appropriate from time to time).

 

10.                               AMENDMENT TO SECTION 4 OF THE LIMITED WAIVER AGREEMENT. Section 4 of the Limited Waiver Agreement is hereby amended by inserting the following new clauses (r) and (s) to the end thereof to read as follows:

 

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(r)                                    Proposed Transaction.  The Borrower and the other Credit Parties agree to comply with the covenants set forth in paragraph 4 of Schedule A attached to this Agreement and made a part of this Agreement, with respect to the proposed transaction described therein (the “Proposed Transaction”). The Borrower and the Credit Parties acknowledge that the Administrative Agent and the Lenders have no obligation or commitment of any kind to consent to the Proposed Transaction or any other similar transaction by the Borrower and/or any other Credit Party. Any such consent shall be made in the sole and absolute discretion of the Administrative Agent and the Lenders pursuant to the Credit Agreement and subject to such terms and conditions as the Administrative Agent and the Lenders shall determine in their sole and absolute discretion.

 

(s)                                   Real Estate Transaction.  The Borrower has delivered to the Administrative Agent and the Lenders a transaction process timeline prepared by the Borrower with respect to a real estate transaction involving certain real property owned by various Credit Parties as set forth in the Borrower’s communications with the Administrative Agent prior to the date hereof (also referred to herein as the “Real Estate Transaction”).  The Borrower and the applicable Credit Parties agree to comply with the terms and conditions for the Real Estate Transaction set forth in paragraph 5 of Schedule A attached to this Agreement and made a part of this Agreement.

 

11.                               AMENDMENT TO SCHEDULE A TO THE LIMITED WAIVER AGREEMENT. Schedule A to the Limited Waiver Agreement is hereby amended and restated in its entirety to read as set forth in Schedule A attached to this Amendment.

 

12.                               ACKNOWLEDGMENTS OF THE BORROWER.  The Borrower hereby acknowledges and agrees as follows:

 

(a)                                 Recitals.  The Recitals to this Amendment are true and correct.

 

(b)                                 Loan Documents.  The Credit Agreement, as amended by this Amendment, and each of the other Loan Documents are the legal, valid and binding agreements of each Credit Party which is a party thereto, enforceable against such Credit Party in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditor’s rights in general and the availability of equitable remedies, regardless of whether considered in a proceeding in equity or at law.

 

(c)                                  Obligations.  As of the date hereof, the Obligations of the Credit Parties under the Loan Documents are not subject to any restriction, setoff, deduction, claim, counterclaim or defense of any kind or character whatsoever.

 

(d)                                 Outstanding Principal in respect of the Revolving Credit Loans and the L/C Obligations.  The outstanding principal balance of the Revolving Credit Loans and the L/C Obligations as of November 29, 2016 are as set forth on Schedule 4(d) attached to this Amendment and made a part of this Amendment.

 

13.                               REPRESENTATIONS AND WARRANTIES TRUE; NO EVENT OF DEFAULT.  By its execution and delivery of this Amendment, the Borrower represents and warrants that, as of the date hereof:

 

(a)                                 other than the representations and warranties with respect to the previously delivered financial statements for Fiscal Year 2012, Fiscal Year 2013, Fiscal Year 2014 and Fiscal Year 

 

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2015, the representations and warranties contained in the Credit Agreement and the other Loan Documents are true and correct in all material respects, on and as of the date hereof as made on and as of such date, except for any representation and warranty that is qualified by materiality or reference to Material Adverse Effect, in which case such representation and warranty shall be true and correct in all respects on and as of the date hereof as if made on and as of such date, (except for any such representation and warranty that by its terms is made only as of an earlier date, which representation and warranty shall remain true and correct in all material respects as of such earlier date, except for any representation and warranty that is qualified by materiality or reference to Material Adverse Effect, in which case such representation and warranty shall be true and correct in all respects as of such earlier date);

 

(b)                                 no event has occurred and is continuing which constitutes a Default or an Event of Default except for the Known Existing Events of Default (as defined in the Limited Waiver Agreement) and the Anticipated Events of Default (as defined in the Limited Waiver Agreement) and no event has occurred and is continuing which constitutes a Waiver Termination Event (as defined in the Limited Waiver Agreement) except for the Known Existing Waiver Termination Events (as defined in the Limited Waiver Agreement);

 

(c)                                  (i) the Borrower and each other Credit Party has full power and authority to execute and deliver this Amendment, (ii) this Amendment has been duly executed and delivered by the Borrower and each other Credit Party, and (iii) each of the Credit Agreement, as amended by this Amendment, the Limited Waiver Agreement, as amended by this Amendment, and each other Loan Document constitutes the legal, valid and binding obligations of the Borrower and the other Credit Parties party thereto, enforceable against the Borrower or such Credit Party, as applicable, in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors’ rights in general and the availability of equitable remedies, regardless of whether considered in a proceeding in equity or at law;

 

(d)                                 neither the execution, delivery and performance of this Amendment, nor the consummation of any transactions contemplated herein, will conflict with, result in a breach of or constitute a default under any indenture, agreement or other instrument to which the Borrower or any other Credit Party is a party or by which any of its properties may be bound or any Governmental Approval relating to the Borrower or to any Credit Party, except to the extent such conflict, breach or default, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect; and

 

(e)                                  no authorization, approval, consent, or other action by, notice to, or filing with, any governmental authority or other Person not already obtained (including the Board of Directors (or other similar governing body) of the Borrower and of each other Credit Party) is required for the execution, delivery or performance of this Amendment by the Borrower and the other Credit Parties.

 

14.                               AMENDMENT FEE.  The Borrower shall pay to the Administrative Agent, for the ratable benefit of each Lender that has executed and delivered this Amendment to the Administrative Agent prior to 2:00 p.m. (Central time) on the date hereof, an amendment fee equal to twenty-five basis points (0.25%) of the Revolving Credit Commitment of each such Lender as of the date of this Amendment (the “Amendment Fee”), which shall be due and payable on the date hereof, which Amendment Fee shall be fully earned as of the date hereof and non-refundable upon receipt.

 

15.                               CONDITIONS TO EFFECTIVENESS OF THIS AMENDMENT.  This Amendment shall be effective upon satisfaction of each of the following conditions precedent to the satisfaction of the Administrative Agent:

 

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(a)                                 the Administrative Agent shall have received counterparts of this Amendment, duly executed by the Administrative Agent, the Required Lenders, the Swingline Lender and the Issuing Lender;

 

(b)                                 the Administrative Agent shall have received counterparts of this Amendment, duly executed by the Borrower and duly acknowledged and agreed to by each Subsidiary Guarantor;

 

(c)                                  the Administrative Agent shall have received from the Borrower, in immediately available funds, the Amendment Fee;

 

(d)                                 the Administrative Agent shall have received from the Borrower the payment of all costs and fees of the Administrative Agent which are unpaid and invoiced prior to the date of this Amendment, including those costs and fees related to travel costs and expenses, appraisals of real estate, appraisals of machinery and equipment, environmental reports, title insurance, legal fees and expenses and other out-of-pocket expenses; and

 

(e)                                  the Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent and its counsel, such other documents, certificates and instruments as the Administrative Agent shall reasonably require.

 

16.                               REFERENCES.

 

(a)                                 Each reference in the Credit Agreement to “this Agreement” or words of like import and each reference in any other Loan Document to the “Credit Agreement” or words of like import shall mean and be a reference to the Credit Agreement, as amended by this Amendment. Each reference in the Limited Waiver Agreement to “this Agreement” or words of like import and each reference in any other Loan Document to the “Limited Waiver Agreement” or words of like import shall mean and be a reference to the Limited Waiver Agreement, as amended by this Amendment.

 

(b)                                 The Credit Agreement, as amended by this Amendment, the Limited Waiver Agreement, as amended by this Amendment, and the other Loan Documents remain in full force and effect and are hereby ratified and confirmed.

 

17.                               RELEASE.  As a material part of the consideration for the Administrative Agent, the Required Lenders, the Swingline Lender and the Issuing Lender entering into this Amendment, the Borrower and each Subsidiary Guarantor (collectively, the “Releasors”) agree as follows (the “Release Provision”):

 

(a)                                 The Releasors, jointly and severally, hereby release and forever discharge the Administrative Agent, the Swingline Lender, the Issuing Lender, each Lender and the Administrative Agent’s, the Swingline Lender’s, Issuing Lender’s and each Lender’s predecessors, successors, assigns, officers, managers, directors, shareholders, employees, agents, attorneys and other professionals, representatives, parent corporations, subsidiaries, and affiliates (hereinafter all of the above collectively referred to as the “Lender Group”), from any and all claims, counterclaims, demands, damages, debts, agreements, covenants, suits, contracts, obligations, liabilities, accounts, offsets, rights, actions, and causes of action of any nature whatsoever and whether arising at law or in equity, presently possessed, whether known or unknown, whether liability be direct or indirect, liquidated or unliquidated, presently accrued, whether absolute or contingent, foreseen or unforeseen, and whether or not heretofore asserted arising out of, arising under or related to the Loan Documents (collectively, the “Claims”), that Releasors may have or 

 

7

 

allege to have against any or all of the Lender Group and that arise from events occurring before the date hereof.

 

(b)                                 The Releasors agree not to sue any of the Lender Group nor in any way assist any other person or entity in suing the Lender Group with respect to any of the Claims released herein.  The Release Provision may be pleaded as a full and complete defense to, and may be used as the basis for an injunction against, any action, suit, or other proceeding which may be instituted, prosecuted, or attempted in breach of the release contained herein.

 

(c)                                  The Releasors acknowledge, warrant, and represent to Lender Group that:

 

(i)                                    The Releasors have read and understand the effect of the Release Provision.  The Releasors have had the assistance of independent counsel of their own choice, or have had the opportunity to retain such independent counsel, in reviewing, discussing, and considering all the terms of the Release Provision; and if counsel was retained, counsel for Releasors has read and considered the Release Provision and advised Releasors with respect to the same.  Before execution of this Amendment, the Releasors have had adequate opportunity to make whatever investigation or inquiry they may deem necessary or desirable in connection with the subject matter of the Release Provision.

 

(ii)                                The Releasors are not acting in reliance on any representation, understanding, or agreement not expressly set forth herein.  The Releasors acknowledge that Lender Group has not made any representation with respect to the Release Provision except as expressly set forth herein.

 

(iii)                            The Releasors have executed this Amendment and the Release Provision thereof as a free and voluntary act, without any duress, coercion, or undue influence exerted by or on behalf of any person or entity.

 

(iv)                             The Releasors are the sole owners of the Claims released by the Release Provision, and the Releasors have not heretofore conveyed or assigned any interest in any such Claims to any other person or entity.

 

(d)                                 The Releasors understand that the Release Provision was a material consideration in the agreement of the Administrative Agent, Swingline Lender, Issuing Lender and each Lender to enter into this Amendment.

 

(e)                                  It is the express intent of the Releasors that the release and discharge set forth in the Release Provision be construed as broadly as possible in favor of Lender Group so as to foreclose forever the assertion by the Releasors of any Claims released hereby against Lender Group.

 

(f)                                   If any term, provision, covenant, or condition of the Release Provision is held by a court of competent jurisdiction to be invalid, illegal, or unenforceable, the remainder of the provisions shall remain in full force and effect.

 

(g)                                 The Releasors acknowledge that they may hereafter discover facts in addition to or different from those that they now know or believe with respect to the Claims released herein, but the Releasors expressly shall have and intend to fully, finally and forever have released and discharged any and all such Claims.  The Releasors expressly waive any provision of statutory or decisional law to the effect that a general release does not extend to Claims that the 

 

8

 

releasing party does not know or suspect to exist in such party’s favor at the time of executing the release.

 

18.                               COSTS, EXPENSES AND TAXES.  The Borrower agrees to pay on demand all costs and expenses of the Administrative Agent in connection with the preparation, reproduction, execution and delivery of this Amendment and the other instruments and documents to be delivered hereunder (including the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent with respect thereto).

 

19.                               SUBSIDIARY GUARANTORS’ ACKNOWLEDGMENT AND AGREEMENT.  By signing below, each Subsidiary Guarantor (a) acknowledges, consents and agrees to this Amendment, (b) acknowledges and agrees to any amendment to its obligations in respect of the Subsidiary Guaranty Agreement made pursuant to this Amendment, (c) acknowledges and agrees that its obligations in respect of the Subsidiary Guaranty Agreement and the Security Agreement are not released, diminished, waived, modified, impaired or affected in any manner by this Amendment or any of the provisions contemplated herein, (d) ratifies and confirms its obligations under the Subsidiary Guaranty Agreement and the Security Agreement, and (e) acknowledges and agrees that it has no claims or offsets against, or defenses or counterclaims to, the Subsidiary Guaranty Agreement, the Security Agreement or any other Loan Documents or Obligations.

 

20.                               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 when taken together shall constitute but one and the same instrument.  For purposes of this Amendment, a counterpart hereof (or signature page thereto) signed and transmitted by any Person party hereto to the Administrative Agent (or its counsel) by facsimile machine, telecopier or electronic mail is to be treated as an original.  The signature of such Person thereon, for purposes hereof, is to be considered as an original signature, and the counterpart (or signature page thereto) so transmitted is to be considered to have the same binding effect as an original signature on an original document.

 

21.                               GOVERNING LAW.  This Amendment and the other Loan Documents and any claim, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Amendment or any other Loan Document (except, as to any other Loan Document, as expressly set forth therein) and the transactions contemplated hereby and thereby shall be governed by, and construed in accordance with, the law of the State of New York.

 

22.                               WAIVER OF JURY TRIAL.  EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).  EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

23.                               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.

 

9

 

24.                               ENTIRE AGREEMENT.  THIS AMENDMENT IS A LOAN DOCUMENT.  THE CREDIT AGREEMENT, AS AMENDED BY THIS AMENDMENT, AND THE OTHER LOAN DOCUMENTS, AS AMENDED, REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

REMAINDER OF PAGE LEFT INTENTIONALLY BLANK

 

10

 

IN WITNESS WHEREOF, this Amendment is executed as of the date first set forth above.

 

	
 
    	
BORROWER:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
GLOBAL   POWER EQUIPMENT GROUP INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Craig Holmes
    
	
 
    	
Name:
    	
Craig   Holmes
    
	
 
    	
Title:
    	
SVP Finance
    

 

Signature Page to Eleventh Amendment to Credit Agreement and

Sixth Amendment to Limited Waiver Agreement

 

 

	
 
    	
ADMINISTRATIVE   AGENT AND LENDERS:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
WELLS   FARGO BANK, NATIONAL ASSOCIATION, 
   as Administrative Agent, Swingline Lender, the Issuing 
   Lender and Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Kristine B. Netjes
    
	
 
    	
Name:   
    	
Kristine   B. Netjes
    
	
 
    	
Title:   
    	
Senior   Vice President
    

 

Signature Page to Eleventh Amendment to Credit Agreement and

Sixth Amendment to Limited Waiver Agreement

 

 

	
 
    	
U.S.   BANK NATIONAL ASSOCIATION,
    
	
 
    	
as   Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David C. Heyson
    
	
 
    	
Name:
    	
David   C. Heyson
    
	
 
    	
Title:
    	
Senior Vice President
    

 

Signature Page to Eleventh Amendment to Credit Agreement and

Sixth Amendment to Limited Waiver Agreement

 

 

	
 
    	
BRANCH   BANKING AND TRUST COMPANY,
    
	
 
    	
as   Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Mitch Turknett
    
	
 
    	
Name:
    	
Mitch   Turknett
    
	
 
    	
Title:
    	
Senior Vice President
    

 

Signature Page to Eleventh Amendment to Credit Agreement and

Sixth Amendment to Limited Waiver Agreement

 

 

	
 
    	
JPMORGAN   CHASE BANK, N.A.,
    
	
 
    	
as   Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Joseph T. Nash
    
	
 
    	
Name:
    	
Joseph   T. Nash
    
	
 
    	
Title:
    	
Underwriting Senior   Associate
    

 

Signature Page to Eleventh Amendment to Credit Agreement and

Sixth Amendment to Limited Waiver Agreement

 

 

	
 
    	
ACKNOWLEDGED   AND AGREED TO:
    
	
 
    	
 
    
	
 
    	
AS   SUBSIDIARY GUARANTORS:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
WILLIAMS   INDUSTRIAL SERVICES GROUP,
    
	
 
    	
L.L.C.
    
	
 
    	
BRADEN   MANUFACTURING, L.L.C.
    
	
 
    	
WILLIAMS   INDUSTRIAL SERVICES, LLC
    
	
 
    	
WILLIAMS   SPECIALTY SERVICES, LLC
    
	
 
    	
WILLIAMS   PLANT SERVICES, LLC
    
	
 
    	
CONSTRUCTION &   MAINTENANCE
    
	
 
    	
PROFESSIONALS, LLC
    
	
 
    	
WILLIAMS   GLOBAL SERVICES, INC.
    
	
 
    	
KOONTZ-WAGNER   CUSTOM CONTROLS
    
	
 
    	
HOLDINGS LLC
    
	
 
    	
GPEG,   LLC
    
	
 
    	
HETSCO   HOLDINGS, INC.
    
	
 
    	
HETSCO, INC.
    
	
 
    	
GLOBAL   POWER TECHNICAL SERVICES, INC.
    
	
 
    	
BRADEN   HOLDINGS, LLC
    
	
 
    	
GLOBAL   POWER PROFESSIONAL SERVICES INC.
    
	
 
    	
BRADEN   CONSTRUCTION SERVICES, INC.
    
	
 
    	
STEAM   ENTERPRISES LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Erin Gonzalez
    
	
 
    	
Name:
    	
Erin   Gonzalez
    
	
 
    	
Title:
    	
VP and Treasurer
    

 

Signature Page to Eleventh Amendment to Credit Agreement and

Sixth Amendment to Limited Waiver Agreement

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