Document:

<PAGE>   1
                                                                  Exhibit 10(cc)

                                AMENDMENT NO. 1

                                       TO

                     AMENDED AND RESTATED CREDIT AGREEMENT

         AMENDMENT NO. 1, dated as of August 18, 1999 (this "AMENDMENT"), to the
AMENDED AND RESTATED CREDIT AGREEMENT, dated as of July 27, 1998 (the "CREDIT
AGREEMENT"), among THE ELDER-BEERMAN STORES CORP. (the "BORROWER"), the
financial institutions listed on the signature pages thereto as lenders (the
"LENDERS"), CITIBANK, N.A. as issuing bank (the "ISSUER") and CITICORP USA, INC.
as Swing Bank and as agent for the Lenders, the Issuer and the Swing Bank (in
that capacity, the "AGENT").

                              W I T N E S S E T H:
                              - - - - - - - - - -

         WHEREAS, the Borrower has requested that the Lenders amend the Credit
Agreement as provided below; and

         WHEREAS, the Majority Lenders have agreed to such amendments on the
conditions set forth herein;

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

         SECTION 1. DEFINITIONS. All capitalized terms used but not otherwise
defined in this Amendment shall have the meanings assigned thereto in the Credit
Agreement.

         SECTION 2. AMENDMENT TO THE CREDIT AGREEMENT. As of the Effective Date,
the Credit Agreement shall be amended as follows:

         (a)    By deleting in its entirety Section 2.5(b) thereof and inserting
in lieu thereof the following:

          "(b)  For a period of not less than 45 consecutive days during the
     three month period commencing on January 1, 2000 and ending on March 31,
     2000, the Borrower shall repay the Loans to the extent necessary so that
     the outstanding principal amount of the Loans does not exceed an aggregate
     of $10,000,000."

<PAGE>   2

         (b)    By amending Section 5.1 thereof by deleting the Minimum Fixed
Charge Coverage Ratio of "1.75:1" for each Fiscal Quarter ending February 1,
1999 and thereafter and inserting in lieu thereof a new Minimum Fixed Charge
Coverage Ratio of "1.40:1."

         (c)    By deleting in its entirety Section 5.2 thereof and inserting in
lieu thereof the following:

         "5.2   TOTAL INDEBTEDNESS. The Borrower shall not permit the total
     outstanding Indebtedness of the Borrower and its Subsidiaries on a
     consolidated basis, including, without limitation, Average Total Debt, at
     the end of any Fiscal Quarter commencing with the Fiscal Quarter ending on
     July 31, 1999 to exceed 5.0 times EBITDA determined on the basis of the
     four Fiscal Quarters ending on the date of determination."

         (d)    By deleting Section 7.3 thereof and inserting in lieu thereof
the following:

          "RESTRICTED PAYMENTS. The Borrower shall not and shall not permit any
     of its Subsidiaries to (i) repurchase any of its Stock, declare or make any
     dividend, payment or other distribution of assets, properties, cash,
     rights, obligations or securities on account or in respect of any of its
     Stock other than dividends paid to the Borrower or any wholly-owned
     Subsidiary of the Borrower by any Subsidiary of the Borrower, including
     without limitation to the Borrower by Chargit, except that the Borrower may
     effect repurchases of its outstanding Stock in compliance with Rule lOb-18
     under the Securities Exchange Act of 1934 during the two year period
     commencing August 16, 1999 for an aggregate consideration of up to
     $24,000,000 or (ii) purchase, redeem, prepay, defease or otherwise acquire
     for value or make any payment (other than required interest payments) on
     account or in respect of any principal amount of Indebtedness for borrowed
     money, now or hereafter outstanding, except (A) the Loans, (B) the
     Middletown Lease Payments, (C) in the case of a Subsidiary, payments may be
     made to the Borrower on account of any Indebtedness owing to the Borrower
     by such Subsidiary, (D) the Zanesville Bonds, and (E) the Moraine
     Mortgage."

         SECTION 3. CONSENT. Each Guarantor hereby consents to the terms and
conditions of this Amendment and confirms that its Guaranty remains in full
force and effect and continues to secure the Obligations pursuant to the terms
thereof as amended hereby. Each Pledgor and Grantor (as such terms are defined
in the Loan Documents) hereby consents to the terms of this Amendment and
confirms that the security interests and liens granted pursuant to the Loan
Documents to which it is a party continue to secure the Obligations pursuant to
the terms thereof as amended hereby and that such security interests and liens
and Loan Documents remain in full force and effect.

         SECTION 4. REPRESENTATIONS AND WARRANTIES. The Borrower hereby
represents and warrants to the Lenders and the Agent that (i) the execution,
delivery and performance of this Amendment has been duly authorized by all
requisite corporate action on the part of the Borrower and other Loan Parties
and will not violate the

                                       2
<PAGE>   3

certificates of incorporation, certificates of formation, by-laws or operating
agreements of the Borrower and other Loan Parties; (ii) this Amendment is the
legal, valid, binding and enforceable obligation of the Borrower, enforceable
against it in accordance with its terms; (iii) the representations and
warranties contained in the Credit Agreement are true and correct in all
material respects on and as of the date hereof as though made on and as of such
date, except to the extent that any such representation or warranty expressly
relates to an earlier date and for changes therein permitted or contemplated by
the Credit Agreement as amended by this Amendment; and (iv) no Default or Event
of Default under the Credit Agreement has occurred and is continuing.

         SECTION 5. CONDITIONS TO EFFECTIVENESS. This Amendment shall become
effective (the "Effective Date") when, and only when, the Agent shall have
received (i) a fee of $225,000 from the Borrower for the account of the Lenders
and (ii) counterparts hereof which when taken together shall have been signed by
the Borrower, the Guarantors and the Majority Lenders (whether on the same or
different counterparts).

         SECTION 6. EFFECT ON THE LOAN DOCUMENTS.

         (a) On and after the date hereof, each reference in the Credit
Agreement to "this Agreement," "hereunder," "hereof," "herein" or words of like
import, and each reference in the other Loan Documents to the Credit Agreement,
shall mean and be a reference to the Credit Agreement, as amended hereby.

         (b) Except as specifically amended herein, the Credit Agreement and all
other Loan Documents shall remain in full force and effect and are hereby
ratified and confirmed.

         (c) The execution, delivery and effectiveness of this Amendment shall
not, except as expressly provided herein, operate as a waiver of any right,
power and remedy of any Lender under any of the Loan Documents, nor constitute a
waiver of any provision of any of the Loan Documents, including, without
limitation, a waiver of any rights of any Lender arising out of, or relating to,
any Default or Event of Default that has occurred and is continuing.

         SECTION 7. COUNTERPARTS.

         This Amendment may be executed in any number of counterparts and by the
different parties hereto on separate counterparts, each of which when so
executed and delivered shall be an original, but all of which shall together
constitute one and the same instrument.

         SECTION 8. GOVERNING LAW.

         THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAW OF THE STATE OF NEW YORK.

                                       3
<PAGE>   4

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

                                       BORROWER

                                       THE ELDER-BEERMAN STORES CORP.

                                       By: /s/ Scott J. Davido
                                          ------------------------------
                                          Name:  Scott J. Davido
                                          Title: EVP, CFO

                                       GUARANTORS

                                       THE BEE-GEE SHOE CORP.

                                       By: /s/ Scott J. Davido
                                          ------------------------------
                                          Name:  Scott J. Davido
                                          Title: Senior Vice President
                                                  and Secretary

                                       THE EL-BEE CHARGIT CORP.

                                       By: /s/ Scott J. Davido
                                          ------------------------------
                                          Name:  Scott J. Davido
                                          Title: Senior Vice President
                                                  and Secretary

                                       ELDER-BEERMAN WEST VIRGINIA, INC.

                                       By: /s/ Scott J. Davido
                                          ------------------------------
                                          Name:  Scott J. Davido
                                          Title: Vice President

                                       AGENT

                                       CITICORP USA, INC.

                                       By: /s/ Claudia Slacik
                                          ------------------------------
                                          Name: Claudia Slacik
                                          Title: Vice President

                                       4
<PAGE>   5

                                       ISSUER

                                       CITIBANK, N.A.

                                       By: /s/ Claudia Slacik
                                          -------------------------------
                                          Name: Claudia Slacik
                                          Title: Vice President

                                       LENDERS

                                       CITICO USA, INC.

                                       By: /s/ Claudia Slacik
                                          -------------------------------
                                          Name: Claudia Slacik
                                          Title: Vice President

                                       BANK OF AMERICA, N.A.

                                       By: /s/ Walter T. Shellman
                                          -------------------------------
                                          Name: Walter T. Shellman
                                          Title: Vice President

                                       BANK ONE, NA

                                       By: /s/ Michael R. Zaksheske
                                          -------------------------------
                                          Name: Michael R. Zaksheske
                                          Title: Vice President

                                       DRESDNER BANK AG, NEW YORK
                                       AND GRAND CAYMAN BRANCHES

                                       By: /s/ Atty John R. Morrison
                                          -------------------------------
                                          Name: Christopher E. Sarisky
                                          Title: Assistant Vice President

                                          Name: John R. Morrison
                                          Title: Vice President

                                       THE FIRST NATIONAL BANK OF BOSTON

                                       By:            N/A
                                          -------------------------------
                                          Name:
                                          Title:

                                       5
<PAGE>   6

                                       FLEET NATIONAL BANK

                                       By: /s/ Kevin J. Chamberlain
                                          -----------------------------------
                                          Name:  Kevin J. Chamberlain
                                          Title: V.P.

                                       NATIONAL CITY COMMERCIAL FINANCE, INC.

                                       By: /s/ Matthew D. Sheets
                                          -----------------------------------
                                          Name:  Matthew D. Sheets
                                          Title: Account Executive

                                       6<PAGE>   1
                                                                  Exhibit 10(dd)

                           AMENDMENT NO.2 AND CONSENT

                                       TO

                     AMENDED AND RESTATED CREDIT AGREEMENT

         AMENDMENT NO.2 AND CONSENT, dated as of November 23, 1999 (this
"AMENDMENT AND CONSENT"), to the AMENDED AND RESTATED CREDIT AGREEMENT, dated as
of July 27, 1998, as heretofore amended (the "CREDIT AGREEMENT"), among THE
ELDER-BEERMAN STORES CORP. (the "BORROWER"), the financial institutions listed
on the signature pages thereto as lenders (the "LENDERS"), CITIBANK, N.A. as
issuing bank (the "ISSUER"), and CITICORP USA, INC., as swing bank (in that
capacity, the "SWING BANK") and as agent for the Lenders, the Issuer and the
Swing Bank (in that capacity, the "AGENT").

                              W I T N E S S E T H:
                              - - - - - - - - - -

         WHEREAS, the Borrower has requested that the Lenders amend the Credit
Agreement and consent to a waiver of compliance with Sections 7.4 and 7.5 hereof
as provided below; and

         WHEREAS, the Majority Lenders have agreed to such amendment and consent
on the conditions set forth herein;

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

         SECTION 1. DEFINITIONS. All capitalized terms used but not otherwise
defined in this Amendment and Consent shall have the meanings assigned thereto
in the Credit Agreement.

         SECTION 2. AMENDMENT TO THE CREDIT AGREEMENT. As of the Effective Date,
the Credit Agreement shall be amended as follows:

         (a) By amending Section 1.1 thereof by inserting the following
definitions in the proper alphabetical order:

         "BEE-GEE ASSET SALE" has the meaning specified in Section 7.4(c).

         "BEE-GEE STOCK SALE" has the meaning specified in Section 7.4(c).

<PAGE>   2

         (b) By amending Section 2.4(b) thereof by adding the following proviso
at the end thereof: "; PROVIDED, HOWEVER, that no such reduction in the then
current Commitment shall be required in connection with a Bee-Gee Asset Sale or
a Bee-Gee Stock Sale".

         (c) By amending Section 4.1 thereof by deleting such Section 4.1 in its
entirety and replacing it with the following:

               "4.1. EXISTENCE; COMPLIANCE WITH LAW. Each Loan Party and each
          of its Subsidiaries (a) is duly organized, validly existing and in
          good standing under the laws of the jurisdiction of its organization;
          (b) is duly qualified in each foreign jurisdiction in which it
          conducts business, except for failures to so qualify which in the
          aggregate have no Material Adverse Effect; (c) has all requisite
          corporate or limited liability company power and authority and the
          legal right to own, pledge, mortgage and operate its properties, to
          lease the property it operates under lease and to conduct its business
          as now or currently proposed to be conducted; (d) is in compliance
          with its charter and by-laws or other comparable governing documents;
          (e) is in compliance with all other applicable Requirements of Law
          except for such non-compliances as in the aggregate have no Material
          Adverse Effect; and (f) has all necessary Licenses, permits, consents
          or approvals from or by, has made all necessary filings with, and has
          given all necessary notices to, each Government Authority having
          jurisdiction, to the extent required for such ownership, operation and
          conduct, except for Licenses, permits, consents or approvals which can
          be obtained by the taking of ministerial action to secure the grant or
          transfer thereof or failures which in the aggregate have no Material
          Adverse Effect."

         (d) By amending Section 4.2 thereof by deleting Section 4.2(a)(i) and
(ii) in its entirety and replacing it with the following:

               "(i) are within such Loan Party's corporate or limited liability
          company powers;

               (ii) have been duly authorized by all necessary corporate or
          limited liability company action, including, without limitation, the
          consent of shareholders or members, as the case may be, where
          required;"

                                       2
<PAGE>   3

         (e) By amending Section 6.5 thereof by deleting such Section 6.5 in its
entirety and replacing it with the following:

               "6.5 PRESERVATION OF EXISTENCE, ETC. The Borrower shall preserve
          and maintain, and cause each of its Subsidiaries to preserve and
          maintain, its corporate or limited liability company existence, rights
          (charter and statutory) and franchises, except as permitted under
          Section 7.4; PROVIDED, HOWEVER, that neither the Borrower nor any
          Subsidiary shall be prohibited from withdrawing it qualification to do
          business in any jurisdiction from which it no longer is conducting its
          business."

         (f) By amending Section 7.4 thereof by deleting the "and" at the end of
clause (v) of Section 7.4(c) and inserting a comma in lieu thereof and by
inserting the following at the end of the first sentence of Section 7.4(c): "and
(vii) the sale of all or substantially all of the assets and/or liabilities of
Bee-Gee (a "BEE-GEE ASSET SALE") or the sale of all of the stock and Stock
Equivalents of Bee-Gee (a "BEE-GEE STOCK SALE")".

         SECTION 3. LENDER CONSENT.

         (a) The Majority Lenders consent to the Borrower's non-compliance with
Sections 7.4 and 7.5 of the Credit Agreement to the extent necessary to enable
the Borrower (i) to form (but not transfer any significant assets to unless the
relevant conditions set forth in Section 3(b) below are satisfied) two limited
liability companies (each a "NEW SUBSIDIARY") that will be either wholly owned
by the Borrower or jointly owned by the Borrower and one of more Subsidiary
Guarantors and (ii) subject to the satisfaction of the conditions set forth in
Section 3(b) below, to transfer to one of the New Subsidiaries all of the
Borrower's operations located in Indiana, including all operational items
relative to the Borrower's stores located in Indiana (such as assets, employees
and leases and other contractual agreements) and to the other New Subsidiary all
of the Borrower's employees other than those employed in the Borrower's Michigan
or Indiana locations.

         (b) The consent in Section 3(a)(ii) above shall be effective as to each
New Subsidiary only upon the execution and delivery to the Agent of each of the
instruments and other documents set forth below in form and substance
satisfactory to the Agent:

               (i) an amendment to the Amended and Restated Security Agreement,
          duly executed by such New Subsidiary substantially in the form of the
          Amendment Agreement attached hereto as Exhibit A, whereby INTER ALIA
          such New Subsidiary agrees to be a party to, become bound by the
          provisions of and grant Liens in favor of the Agent for the benefit of
          the Secured Parties pursuant to the Amended and Restated Security
          Agreement;

               (ii) a guaranty substantially in the form of the Subsidiary
          Guaranty, duly executed by such New Subsidiary;

                                       3
<PAGE>   4

               (iii) all UCC-l financing statements necessary to perfect the
          Liens granted by such New Subsidiarv in favor of the Agent for the
          benefit of the Secured Parties, each duly executed by such New
          Subsidiary and duly recorded in all the recording offices that the
          Agent deems necessary to perfect such Liens;

               (iv) a certificate of such New Subsidiary dated the date such New
          Subsidiary is organized and signed by a duly authorized Responsible
          Officer of such New Subsidiary, certifying as to (x) true copies of
          governing documents of such New Subsidiary in effect as of such date,
          (y) true copies of all limited liability company action taken by such
          New Subsidiary authorizing the instruments and other documents that it
          is required to execute pursuant to this Section 3(b), authorizing the
          incurrence of the obligations and the granting of the Liens in the
          Collateral owned by it securing payment and performance of the
          Obligations and stating that the same have been properly adopted and
          have not been modified or amended and (z) the names, true signatures
          and incumbency of the Responsible Officers of such New Subsidiary
          authorized to execute the other instruments and other documents
          required to be executed by such New Subsidiary pursuant to this
          Section 3(b);

               (v) a Certificate of Good standing for such New Subsidiary duly
          issued by the Secretary of State of each state in which such New
          Subsidiary does business; and

               (vi) written opinions of counsel to such New Subsidiary to the
          same effect as those delivered pursuant to 3.1 of the Credit
          Agreement.

         (c) The Majority Lenders hereby consent to the amendment to the Amended
and Restated Security Agreement substantially in the form of the Amendment
Agreement attached hereto as EXHIBIT A.

         SECTION 4. GUARANTOR CONSENT. Each Guarantor hereby consents to the
terms and conditions of this Amendment and Consent and confirms that its
Guaranty remains in full force and effect and continues to secure the
Obligations pursuant to the terms thereof as amended hereby. Each Pledgor and
Grantor (as such terms are defined in the Loan Documents) hereby consents to the
terms of this Amendment and Consent and confirms that the security interests and
liens granted pursuant to the Loan Documents to which it is a party continue to
secure the Obligations pursuant to the terms thereof as amended hereby and that
such security interests and liens and Loan Documents remain in full force and
effect.

         SECTION 5. REPRESENTATIONS AND WARRANTIES. The Borrower hereby
represents and warrants to the Lenders and the Agent that (i) the execution,
delivery and performance of this Amendment and Consent has been duly authorized
by all requisite

                                       4
<PAGE>   5

corporate action on the part of the Borrower and other Loan Parties and will not
violate the certificates of incorporation, certificates of formation, by-laws or
operating agreements of the Borrower and other Loan Parties; (ii) this Amendment
and Consent is the legal, valid, binding and enforceable obligation of the
Borrower, enforceable against it in accordance with its terms; (iii) the
representations and warranties contained in the Credit Agreement are true and
correct in all material respects on and as of the date hereof as though made on
and as of such date, except to the extent that any such representation or
warranty expressly relates to an earlier date and for changes therein permitted
or contemplated by the Credit Agreement as amended by this Amendment and
Consent; and (iv) no Default or Event of Default under the Credit Agreement has
occurred and is continuing.

         SECTION 6. CONDITIONS TO EFFECTIVENESS. This Amendment and Consent
shall become effective (the ""Effective Date"") when, and only when, the Agent
shall have received counterparts hereof which when taken together shall have
been signed by the Borrower, the Guarantors and the Majority Lenders (whether on
the same or different counterparts).

         SECTION 7. EFFECT ON THE LOAN DOCUMENTS.

         (a) On and after the date hereof, each reference in the Credit
Agreement to "this Agreement," "hereunder," "hereof," "herein" or words of
like import, and each reference in the other Loan Documents to the Credit
Agreement, shall mean and be a reference to the Credit Agreement, as amended
hereby.

         (b) Except as specifically amended herein, the Credit Agreement and all
other Loan Documents shall remain in full force and effect and are hereby
ratified and confirmed.

         (c) The execution, delivery and effectiveness of this Amendment and
Consent shall not, except as expressly provided herein, operate as a waiver of
any right, power or remedy of any Lender under any of the Loan Documents, nor
shall it constitute a waiver of any provision of any of the Loan Documents,
including, without limitation, a waiver of any rights of any Lender arising out
of, or relating to, any Default or Event of Default that has occurred and is
continuing.

         SECTION 8. COUNTERPARTS.

         This Amendment and Consent may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which when so executed and delivered shall be an original, but all of which
shall together constitute one and the same instrument.

         SECTION 9. GOVERNING LAW.

         THIS AMENDMENT AND CONSENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK.

                                       5
<PAGE>   6

         IN WITNESS WHEREOF, the parties hereto have duly executed and delivered
this Amendment and Consent as of the date first above written.

                                     BORROWER:

                                     THE ELDER-BEERMAN STORES CORP.

                                     By:  /s/ Steven D. Lipton
                                        --------------------------------
                                        Name:   Steven D. Lipton
                                        Title:  Senior Vice President-Controller

                                     GUARANTORS:

                                     THE BEE-GEE SHOE CORP.

                                     By: /s/ Steven D. Lipton
                                        --------------------------------
                                        Name:  Steven D. Lipton
                                        Title: Senior V.P.-Controller

                                     THE EL-BEE CHARGIT CORP.

                                     By: /s/ Steven D. Lipton
                                        --------------------------------
                                        Name:  Steven D. Lipton
                                        Title: Senior V.P.-Controller

                                     ELDER-BEERMAN WEST VIRGINIA, INC.

                                     By: /s/ Steven D. Lipton
                                        --------------------------------
                                        Name:  Steven D. Lipton
                                        Title: Vice President-Controller

                                     AGENT:

                                     CITICORP USA, INC.

                                     By: /s/ Claudia Slacik
                                        --------------------------------
                                        Name:  Claudia Slacik
                                        Title: Vice President

                                       7
<PAGE>   7

                                       ISSUER:

                                       CITIBANK, N.A.

                                       By: /s/ Claudia Slacik
                                          --------------------------------
                                          Name:  Claudia Slacik
                                          Title: Vice President

                                       LENDERS:

                                       By: /s/ Claudia Slacik
                                          --------------------------------
                                          Name:  Claudia Slacik
                                          Title: Vice President

                                       BANK OF AMERICA, N.A.

                                       By: /s/ Jonasis Smith
                                          --------------------------------
                                          Name:  Jonasis Smith
                                          Title: Vice President

                                       BANK ONE, NA

                                       By: /s/ Michael R. Zaksheske
                                          --------------------------------
                                          Name:  Michael R. Zaksheske
                                          Title: Vice President

                                       DRESDNER BANK AG, NEW YORK
                                       AND GRAND CAYMAN BRANCHES

                                       By: /s/ John R. Morrison
                                          --------------------------------
                                          Name:  John R. Morrison
                                          Title: Vice President

                                       By: /s/ Anthony C. Caraballo
                                          --------------------------------
                                          Name:  Anthony C. Caraballo
                                          Title: Vice President

                                       THE FIRST NATIONAL BANK OF BOSTON

                                       By:            N/A
                                          --------------------------------
                                          Name:
                                          Title:

                                       8
<PAGE>   8

                                       FLEET NATIONAL BANK

                                       By: /s/ Kevin J. Chamberlain
                                          --------------------------------
                                          Name:  Kevin J. Chamberlain
                                          Title: V.P.

                                       NATIONAL CITY COMMERCIAL FINANCE, INC.

                                       By:  /s/ Greg A. Godec
                                          --------------------------------
                                          Name: Greg A. Godec
                                          Title: Vice President

                                       9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00008-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00008-of-00352.parquet"}]]