Document:

Ex-10.1

 

EXHIBIT 10.1

FIRST AMENDMENT TO CREDIT AGREEMENT

     THIS FIRST AMENDMENT TO CREDIT AGREEMENT dated as of November 16, 2007 (this
“Amendment”) is entered into among WRIGHT MEDICAL GROUP, INC., a Delaware corporation (the
“Borrower”), the Guarantors, the Lenders party hereto and BANK OF AMERICA, N.A., as
Administrative Agent (in such capacity, the “Administrative Agent”). All capitalized terms
used herein and not otherwise defined herein shall have the meanings given to such terms in the
Credit Agreement (as defined below).

RECITALS

     WHEREAS, the Borrower, the Guarantors, the Lenders and the Administrative Agent entered into
that certain Credit Agreement dated as of June 30, 2006 (as amended, modified, supplemented or
extended from time to time, the “Credit Agreement”);

     WHEREAS, the Borrower has requested and the Lenders have agreed to amend certain terms of the
Credit Agreement subject to the terms and conditions set forth below;

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

     1. Amendments. The Credit Agreement is hereby amended as follows:

     (a) Section 1.01 of the Credit Agreement is hereby amended by adding the following new
definitions in appropriate alphabetical order:

     “Consolidated Net Leverage Ratio” means, as of any date of
determination, the ratio of (a) the sum of (i) Consolidated Funded Indebtedness as
of such date less (ii) the aggregate unrestricted cash in excess of
$10,000,000 of the Borrower and its Domestic Subsidiaries as of such date to (b)
Consolidated EBITDA for the period of the four fiscal quarters most recently ended
for which the Borrower has delivered financial statements pursuant to Section
7.01(a) or (b).

     “Convertible Indenture” means that certain Indenture among the
Borrower, as issuer, and a to be determined trustee containing terms and conditions
substantially consistent with the terms of the “Convertible Note Term Sheet”
attached as Exhibit A to the First Amendment.

     “Convertible Notes” means those certain unsecured convertible senior
notes due 2014 issued by the Borrower pursuant to the Convertible Indenture
containing terms and conditions substantially consistent with the terms of the
“Convertible Note Term Sheet” attached as Exhibit A to the First Amendment.

     “Convertible Notes Documents” means the Convertible Notes, the
Convertible Indenture and all other documents executed and delivered in respect of
the Convertible Notes and the Convertible Indenture, each of which containing terms
and conditions substantially consistent with the terms of the “Convertible Note Term
Sheet” attached as Exhibit A to the First Amendment.

 

 

     “First Amendment” means that certain First Amendment to Credit
Agreement dated as of November 16, 2007 by and among the Borrower, the Guarantors,
the Required Lenders and the Administrative Agent.

     “First Amendment Effective Date” means November 16, 2007.

     (b) The definition of “Applicable Rate” in Section 1.01 of the Credit Agreement
is hereby amended in its entirety to read as follows:

     “Applicable Rate” means with respect to Revolving Loans, Swing Line
Loans, Letters of Credit and the Commitment Fee, the following percentages per
annum, based upon the Consolidated Net Leverage Ratio as set forth in the most
recent Compliance Certificate received by the Administrative Agent pursuant to
Section 7.02(b):

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Pricing	 	Consolidated	 	Commitment	 	Letter of	 	Eurocurrency	 	Base Rate
	  Tier	 	Net Leverage Ratio	 	Fee	 	Credit Fee	 	Loans	 	Loans
	1

	 	> 2.00:1.0
	 	 	0.30	%	 	 	1.75	%	 	 	1.75	%	 	 	0.75	%
	2

	 	> 1.50:1.0 but

< 2.00:1.0
	 	 	0.225	%	 	 	1.25	%	 	 	1.25	%	 	 	0.25	%
	3

	 	> 1.00:1.0 but

< 1.50:1.0
	 	 	0.175	%	 	 	1.00	%	 	 	1.00	%	 	 	0.00	%
	4

	 	> 0.50:1.0 but
 < 1.00:1.0
	 	 	0.150	%	 	 	0.75	%	 	 	0.75	%	 	 	0.00	%
	5

	 	< 0.50:1.0
	 	 	0.125	%	 	 	0.50	%	 	 	0.50	%	 	 	0.00	%

Any increase or decrease in the Applicable Rate resulting from a change in the
Consolidated Net Leverage Ratio shall become effective as of the first Business Day
immediately following the date a Compliance Certificate is required to be delivered
pursuant to Section 7.02(b); provided, however, that if a
Compliance Certificate is not delivered when due in accordance with such Section,
then Pricing Tier 1 shall apply as of the first Business Day after the date on which
such Compliance Certificate was required to have been delivered and shall continue
to apply until the first Business Day immediately following the date a Compliance
Certificate is delivered in accordance with Section 7.02(b), whereupon the
Applicable Rate shall be adjusted based upon the calculation of the Consolidated Net
Leverage Ratio contained in such Compliance Certificate.

     (c) The definition of “Change of Control” in Section 1.01 of the Credit
Agreement is hereby amended by replacing the period at the end of subsection (c) with “;
and” and by adding a new subsection (d) at the end of such definition to read as follows:

     (d) the occurrence of a “Fundamental Change” (or any comparable term) under and
as defined in the Convertible Notes Documents.

     (d) The definition of “Consolidated Leverage Ratio” in Section 1.01 of the
Credit Agreement is hereby deleted in its entirety.

2

 

     (e) Section 8.03 of the Credit Agreement is hereby amended by replacing the period at
the end of subsection (h) with “; and” and by adding a new subsection (i) at the end of
Section 8.03 of the Credit Agreement to read as follows:

     (i) unsecured Indebtedness of the Borrower under the Convertible Notes
Documents in an aggregate principal amount not to exceed $230,000,000.

     (f) Section 8.06 of the Credit Agreement is hereby amended by replacing the period at
the end of subsection (c) with “; and” and by adding a new subsection (d) at the end of
Section 8.06 of the Credit Agreement to read as follows:

     (d) the Borrower may make interest payments on the Indebtedness permitted by
Section 8.03(i) in accordance with the terms of the Convertible Notes
Documents prior to the conversion of such Indebtedness to common stock of the
Borrower.

     (g) Section 8.11(a) of the Credit Agreement is hereby amended to read as follows:

     (b) Consolidated Net Leverage Ratio. Permit the Consolidated Net
Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater
than 3.0 to 1.0.

     (h) A new subsection (c) is hereby added at the end of Section 8.12 of the Credit
Agreement to read as follows:

     (c) Amend or modify any of the terms of any Convertible Notes Documents if such
amendment or modification would add or change any terms in a manner materially
adverse to the Borrower or any Subsidiary or the Lenders, or shorten the final
maturity or average life to maturity or require any payment to be made sooner than
originally scheduled or increase the interest rate applicable thereto.

     (i) A new subsection (m) is hereby added at the end of Section 9.01 of the Credit
Agreement to read as follows:

     (m) Convertible Notes. There shall occur an “Event of Default” (or any
comparable term) under, and as defined in, the Convertible Notes Documents

     2. Conditions Precedent. This Amendment shall be effective upon the receipt by the
Administrative Agent of counterparts of this Amendment, duly executed by the Borrower, the
Guarantors, the Required Lenders and the Administrative Agent.

     3. Miscellaneous.

     (a) The Credit Agreement (as amended by this Amendment), and the obligations of the
Loan Parties thereunder and under the other Loan Documents, are hereby ratified and
confirmed and shall remain in full force and effect according to their terms.

     (b) Each Loan Party (i) acknowledges and consents to all of the terms and conditions of
this Amendment, (ii) affirms all of its obligations under the Loan Documents (as amended by
this Amendment) and (iii) agrees that this Amendment and all documents executed in
connection herewith do not operate to reduce or discharge its obligations under the Credit
Agreement (as amended by this Amendment) or the other Loan Documents.

3

 

     (c) The Loan Parties hereby represent and warrant as follows:

     (i) each Loan Party has taken all necessary action to authorize the execution,
delivery and performance of this Amendment;

     (ii) this Amendment has been duly executed and delivered by the Loan Parties
and constitutes each of the Loan Parties’ legal, valid and binding obligations,
enforceable against it in accordance with its terms, except as such enforceability
may be subject to (A) bankruptcy, insolvency, reorganization, fraudulent conveyance
or transfer, moratorium or similar laws affecting creditors’ rights generally and
(B) general principles of equity (regardless of whether such enforceability is
considered in a proceeding at law or in equity);

     (iii) no consent, approval, authorization or order of, or filing, registration
or qualification with, any court or governmental authority or third party is
required in connection with the execution, delivery or performance by any Loan Party
of this Amendment other than those which have been obtained and are in full force
and effect;

     (iv) the representations and warranties of the Loan Parties set forth in
Article VI of the Credit Agreement and in each other Loan Document are true and
correct as of the date hereof with the same effect as if made on and as of the date
hereof, except to the extent such representations and warranties expressly relate
solely to an earlier date; and

     (v) no event has occurred and is continuing which constitutes a Default or an
Event of Default.

     (d) This Amendment may be executed in any number of counterparts, each of which when so
executed and delivered shall be an original, but all of which shall constitute one and the
same instrument. Delivery of an executed counterpart of this Amendment by telecopy shall be
effective as an original and shall constitute a representation that an executed original
shall be delivered.

     (e) THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
TENNESSEE.

[remainder of page intentionally left blank]

4

 

     Each of the parties hereto has caused a counterpart of this Amendment to be duly executed and
delivered as of the date first above written.

	 	 	 	 	 	 	 
	BORROWER:	 	WRIGHT MEDICAL GROUP, INC.,

a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Jason P. Hood
 

Jason P. Hood, Vice President
	 	 
	 

	 	Title:
	 	General Counsel and Secretary	 	 
	 
	 	 	 	 	 	 
	GUARANTORS:	 	WRIGHT MEDICAL TECHNOLOGY, INC.,

a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Jason P. Hood
 

Jason P. Hood, Vice President
	 	 
	 

	 	Title:
	 	General Counsel and Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	WRIGHT MEDICAL CAPITAL, INC.,

a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Joyce B. Jones
 

Joyce B. Jones
	 	 
	 

	 	Title:
	 	Vice President and Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	WRIGHT INTERNATIONAL, INC.,

a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Joyce B. Jones
 

Joyce B. Jones
	 	 
	 

	 	Title:
	 	Vice President and Treasurer	 	 

      

WRIGHT MEDICAL GROUP, INC.

FIRST AMENDMENT TO CREDIT AGREEMENT

 

 

	 	 	 	 	 	 	 
	ADMINISTRATIVE AGENT:	 	BANK OF AMERICA, N.A.,

as Administrative Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Anne M. Zeschke
 

Anne M. Zeschke
	 	 
	 

	 	Title:
	 	Assistant Vice President	 	 
	 
	 	 	 	 	 	 
	LENDERS:	 	BANK OF AMERICA, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Suzanne B. Smith
 

Suzanne B. Smith
	 	 
	 

	 	Title:
	 	Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	REGIONS BANK	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Jonathan C. Tutor
 

Jonathan C. Tutor
	 	 
	 

	 	Title:
	 	Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	SUNTRUST BANK	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ W. Brooks Hubbard
 

W. Brooks Hubbard
	 	 
	 

	 	Title:
	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	US BANK, NATIONAL ASSOCIATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	WELLS FARGO BANK, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 

WRIGHT MEDICAL GROUP, INC.

FIRST AMENDMENT TO CREDIT AGREEMENT

 

 

	 	 	 	 	 	 	 
	 	 	FIRST TENNESSEE BANK, National Association	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ James H. Moore
 

James H. Moore, Jr.
	 	 
	 

	 	Title:
	 	Senior Vice President	 	 

WRIGHT MEDICAL GROUP, INC.

FIRST AMENDMENT TO CREDIT AGREEMENT

 

 

EXHIBIT A

CONVERTIBLE NOTE TERM SHEET

Capitalized terms not otherwise defined herein have the same meanings

as specified therefor in the Credit Agreement.

	 	 	 
	Issuer

	 	Wright Medical Group, Inc. (the “Company”)
	 
	 	 
	Security

	 	Convertible Senior Notes due 2014.
	 
	 	 
	Amount

	 	Not to exceed $230,000,000.
	 
	 	 
	Maturity Date

	 	The notes will mature on November 30, 2014,
subject to earlier redemption, repurchase or
conversion, provided that no such redemption,
repurchase or conversion may occur prior to
the Maturity Date.
	 
	 	 
	Interest

	 	2.25%-2.75%
	 
	 	 
	Ranking

	 	The Convertible Notes will be general,
unsecured obligations of the Company and will
be effectively subordinated to all existing
and future secured debt, to the extent of the
assets securing such debt, and are
structurally subordinated to all liabilities
of the subsidiaries of the Company.
	 
	 	 
	Conversion Rights

	 	Holders may surrender their notes into
conversion in shares of the Company common
stock at the conversion rate prior to the
close of business on the business day
immediately preceding the maturity date for
the notes. Upon any conversion of notes, a
holder will not receive any cash payment of
interest (unless such conversion occurs
between a regular record date and the interest
payment date to which it relates).
Holders who convert their notes to common
stock of the Company in connection with a
make-whole fundamental change may be entitled
to a make-whole premium in the form of an
increase in the conversion rate for notes
converted in connection with such make-whole
fundamental change.
	 
	 	 
	Redemption

	 	The Company may redeem the notes in whole or
in part for cash at any time beginning on
December 5, 2011, at a redemption price equal
to 100% of the principal amount of the notes
to be redeemed, plus accrued and unpaid
interest, if any, to but excluding the
redemption date, if the closing sale price of
the Company common stock has exceeded 140% of
the conversion price for at least 20 trading
days in any consecutive 30-day trading period
ending on the trading day prior to the date of
mailing of the notice of redemption.
	 
	 	 
	Fundamental Change Purchase

	 	If the Company undergoes a “fundamental
change,” subject to certain conditions, the
holders will have the option to require the
Company to purchase all or any portion of such
holders’ notes for cash. The fundamental
change purchase price will be 100% of the
principal amount of the notes to be purchased,
plus any accrued and unpaid interest, to but
excluding, the fundamental change purchase
date.

 

 

	 	 	 
	Covenants

	 	The Company shall not consolidate or merge
with, or convey, transfer or lease all or
substantially all of its properties and assets
to another person, unless (i) the resulting
person (if not the Company) is a person
organized and existing under the laws of the
United States, any state thereof or the
District of Columbia, and such entity (if not
the Company) expressly assumes by supplemental
indenture all the obligations of the Company
under the notes and the indenture; and (ii)
immediately after giving effect to such
transaction, no default has occurred and is
continuing under the indenture.
	 
	 	 
	Events of Default

	 	The following are events of default under the
indenture for the notes: (a) default in
payment of the principal amount, redemption
price or fundamental change in purchase price
with respect to any note when such becomes due
and payable; (b) default in payment of any
interest due on any note, which continues for
30 days; (c) failure to issue notice of a
fundamental change or a make-whole fundamental
change that does not constitute a fundamental
change as required under the indenture; (d)
failure to comply with the obligations to
convert the notes into common stock upon
exercise of a holder’s conversion right; (e)
failure to comply with Consolidation, Merger
and Sale of Assets covenant; (f) failure to
(i) comply with any other agreements in the
notes or the indenture upon notice of such
default by the trustee or by holders of not
less than 25% in aggregate principal amount of
notes then outstanding and failure to cure (or
obtain a waiver of) such default within 60
days after such notice or (ii) to make any
payment when due in respect of any
indebtedness or guarantee in excess of a
threshold amount; (g) failure to observe or
perform any other agreement or condition
relating to any such indebtedness or guarantee
or any other event occurs, the effect of which
default or other event is to cause such
indebtedness to be demanded or to become due
or to be repurchased, prepaid, defeased or
redeemed (automatically or otherwise), or an
offer to repurchase, prepay, defease or redeem
such indebtedness to be made, prior to its
stated maturity, or such guarantee to become
payable or cash collateral in respect thereof
to be demanded; (h) there is entered (j) one
or more final judgments or orders in an
aggregate amount exceeding a threshold amount,
or (ii) any one or more non-monetary final
judgments that have, or could reasonably be
excepted to have a material adverse effect
and, in either case, (A) enforcement
proceedings are commenced by any creditor upon
such judgment or order, or (B) there is a
period of ten consecutive days during which a
stay of enforcement of such judgment, by
reason of a pending appeal or otherwise, is
not in effect; and (i) certain events of
bankruptcy or insolvency.EX-4(A)

 

EXHIBIT 4(a)

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

     AMENDMENT NO. 2, dated as of November 15, 2007 (“this Amendment”), under the Credit
Agreement, dated as of November 21, 2006 (as amended, supplemented, amended and restated or
otherwise modified from time to time, the “Credit Agreement”), by and among: (1) Regent
Broadcasting, LLC, a Delaware limited liability company (hereinafter, together with its successors
in title and assigns, called the “Borrower”); (2) Regent Communications, Inc., a Delaware
corporation (hereinafter, together with its successors in title and assigns, called the “Parent
Company”, and, together with the Borrower, called, collectively, the “Principal
Companies”); (3) the several financial institutions from time to time party to the Credit
Agreement as lenders thereunder (collectively, “Lenders”); and (4) Bank of America, N.A.,
as the administrative agent for the Lenders (hereinafter, together with its successors in title and
assigns, called the “Administrative Agent”). All of the words and expressions used herein
which are not defined herein, but which are defined in or by reference in the Credit Agreement,
shall have the same respective meanings herein as the meanings specified in the Credit Agreement.

     Preliminary Statement. The Borrower has requested that the Lenders amend the Credit
Agreement to effect a change to the definition of the term “Consolidated EBITDA”, and the Lenders
that are parties to this Amendment (which Lenders constitute Required Lenders) have agreed to amend
the Credit Agreement on the terms herein set forth.

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

     SECTION 1. Amendment of Credit Agreement. Effective on and as of November 15, 2007
(“Effective Date”), but,
subject, always, to the satisfaction of the conditions precedent
set forth in Section 2, the Credit Agreement is hereby amended by amending and restating in
its entirety, as follows, the definition of the term “Consolidated EBITDA” set forth in Section
1.1 of the Credit Agreement:

     “Consolidated EBITDA” means, in relation to any Person and its Subsidiaries for
any period, Consolidated Net Income of such Person and its Subsidiaries for such period,
plus, without duplication, and only to the extent reflected as a charge in the
statement of such Consolidated Net Income for such period, the sum of (a) provisions
for income tax expense (including, without limitation, any franchise taxes imposed in lieu
of income taxes), plus (b) Consolidated Interest Expense, amortization or write-off
of deferred financing fees, debt discount and debt issuance costs and commissions, discounts
and other fees and charges associated with Indebtedness, plus (c) depreciation and
amortization expense, plus (d) amortization of intangibles (including, without
limitation, goodwill) and organization costs, plus (e) any non-cash charges or
expenses or non-cash losses (including non-cash losses on Sales of assets outside of the
ordinary course of business), plus (f) for any Measurement Period ending on December
31, 2007, March 31, 2008, June 30, 2008 or September 30, 2008, non-recurring costs, expenses
and other charges incurred (i) in connection with the preparation, negotiation, execution
and delivery of the Settlement Agreement, dated as of September 14, 2007, among the Parent
Company, Riley Investment Management LLC and its affiliates party thereto, and SMH

 

-2-

Capital Inc. and its affiliates party thereto, and (ii) in connection with the related
“Pending Litigation” (as that term is defined in the Settlement Agreement);
provided, however, that, for purposes of calculating the Consolidated EBITDA
of the Parent Company and its Subsidiaries for any such Measurement Period, not more than
$599,000 in aggregate amount of all such non-recurring costs, expenses and other charges
shall be added back to Consolidated Net Income of the Parent Company and its Subsidiaries
for any such Measurement Period; and minus, without duplication, and only to the
extent included in the statement of such Consolidated Net Income for such period, the
sum of (i) any extraordinary, unusual or non-recurring income or gains (including
gains on the Sales of assets outside of the ordinary course of business), plus (ii)
any other non-cash income, all as determined on a consolidated basis and in accordance with
GAAP.

     SECTION 2. Conditions of Effectiveness. This Amendment shall become effective on and
as of the Effective Date when the Administrative Agent shall have received counterparts of this
Amendment executed and delivered by each of the Principal Companies and Lenders constituting
Required Lenders.

     SECTION 3. Representations and Warranties. Each of the Principal Companies, jointly
and severally, represents and warrants to each of the Lenders and the Administrative Agent as
follows:

     (a) Corporate Authorization; etc. The execution, delivery and performance by each of
the Principal Companies of this Amendment have been duly authorized by all necessary corporate or
limited liability company action, as the case may be, and do not and will not: (i) contravene in
any material respect any of the terms or other provisions of any of the Governing Documents of any
such Credit Party; (ii) conflict in any material respect with or result in any material breach or
contravention of, or the creation of any Liens under, any Instrument or other document creating,
governing or evidencing any material Contractual Obligation to which such Credit Party is a party
or by which such Credit Party or any of its Property is bound or any order, injunction, writ or
decree of any Governmental Authority to which such Credit Party or any of its Property is subject;
or (iii) violate any Applicable Law in any material respect.

     (b) Binding Effect. Each of the Principal Companies has duly executed and delivered
this Amendment. This Amendment constitutes the legal, valid and binding Obligation of each
Principal Company, enforceable against each such Principal Company in accordance with its terms,
except (in each case) as enforceability may be limited by applicable bankruptcy, insolvency
or other similar Applicable Laws affecting the enforcement of creditors’ rights generally or by
equitable principles of general applicability.

     (c) No Default. No Default is continuing on and as of the date hereof. None of the
Principal Companies or any of their Subsidiaries is in default under or with respect to any
Contractual Obligations in any respect which, individually or together with all such defaults, has
had or could reasonably be expected to have a Materially Adverse Effect.

     (d) Materially Adverse Effect. No events or developments have occurred since the
Closing Date which, individually or in the aggregate, have had or could reasonably be expected to
have any Materially Adverse Effect.

 

-3-

     SECTION 4. Reference to and Effect on the Credit Agreement; etc. On and after the
Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”
or words of like import referring to the Credit Agreement, and each reference in the Notes and each
of the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like
import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as
amended by this Amendment. For all purposes of the Credit Agreement and the other Loan Documents,
this Amendment shall constitute a “Loan Document”. The Credit Agreement, as amended by this
Amendment, is and shall continue to be in full force and effect and is hereby in all respects
ratified and confirmed by each of the Principal Companies. THIS AMENDMENT, THE CREDIT AGREEMENT
AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES HERETO AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF ANY PRIOR ORAL AGREEMENTS OF THE PARTIES.

     SECTION 5. Costs and Expenses. The Borrower shall pay, promptly after request by the
Administrative Agent, all reasonable out-of-pocket costs, expenses and fees incurred by the
Administrative Agent and its Affiliates (including the Attorney Costs for the Administrative
Agent), in connection with the preparation, negotiation, execution, delivery and administration of
this Amendment.

     SECTION 6. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS.

     SECTION 7. Counterparts. This Amendment may be executed by one or more of the parties
to this Amendment in any number of separate counterparts, each of which, when so executed, shall be
deemed an original, and all of said counterparts taken together shall be deemed to constitute but
one and the same Instrument. A set of the copies of this Amendment signed by all of the parties
shall be lodged with the Borrower and the Administrative Agent. Delivery of the signature pages to
this Amendment by facsimile shall be as effective as delivery of manually executed counterparts of
this Amendment.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

***Signature Pages to Amendment No. 2 to the Credit Agreement follow***

 

-4-

     IN WITNESS WHEREOF, the parties hereto have caused this AMENDMENT NO. 2 TO THE CREDIT
AGREEMENT to be duly executed and delivered by their proper and duly authorized officers as of the
day and in the year first above written.

	 	 	 	 	 
	 	The Borrower:

REGENT BROADCASTING, LLC

 	 
	 	By:  	/s/ Anthony A. Vasconcellos
 	 
	 	 	Name:  	Anthony A. Vasconcellos 	 
	 	 	Title:  	Executive Vice President and

Chief Financial Officer 	 

	 	 	 	 	 
	 	The Parent Company:

REGENT COMMUNICATIONS, INC.

 	 
	 	By:  	/s/ Anthony A. Vasconcellos
 	 
	 	 	Name:  	Anthony A. Vasconcellos 	 
	 	 	Title:  	Executive Vice President and

Chief Financial Officer 	 

**Signature Page to Amendment No. 2 to the Credit Agreement**

***Signature Pages to Amendment No. 2 to the Credit Agreement follow***

 

-5-

	 	 	 	 	 
	 	The Administrative Agent:

BANK OF AMERICA, N.A., as

   Administrative Agent

 	 
	 	By:  	                  /s/ William J. Faidell
 	 
	 	 	Name:  	William J. Faidell 	 
	 	 	Title:  	Assistant Vice President 	 

**Signature Page to Amendment No. 2 to the Credit Agreement**

***Signature Pages to Amendment No. 2 to the Credit Agreement follow***

 

-6-

	 	 	 	 	 
	 	The Lenders:

BANK OF AMERICA, N.A., as

   a Lender and the Issuing Lender

 	 
	 	By:  	/s/ Peter van der Horst
 	 
	 	 	Name:  	Peter van der Horst 	 
	 	 	Title:  	Principal 	 

**Signature Page to Amendment No. 2 to the Credit Agreement**

***Signature Pages to Amendment No. 2 to the Credit Agreement follow***

 

-7-

	 	 	 	 	 
	 	SUNTRUST BANK, as Syndication Agent, a Joint 

   Book Manager and a Lender

 	 
	 	By:  	/s/ E. Matthew Schaaf, IV
 	 
	 	 	Name:  	E. Matthew Schaaf, IV 	 
	 	 	Title:  	Vice President 	 

**Signature Page to Amendment No. 2 to the Credit Agreement**

***Signature Pages to Amendment No. 2 to the Credit Agreement follow***

 

-8-

	 	 	 	 	 
	 	GENERAL ELECTRIC CAPITAL 

CORPORATION, as a Lender

 	 
	 	By:  	/s/ Karl Kieffer
 	 
	 	 	Name:  	Karl Kieffer 	 
	 	 	Title:  	Duly Authorized Signatory 	 

**Signature Page to Amendment No. 2 to the Credit Agreement**

***Signature Pages to Amendment No. 2 to the Credit Agreement follow***

 

-9-

	 	 	 	 	 
	 	BANK OF MONTREAL, as a Lender

 	 
	 	By:  	/s/ Sarah Kim
 	 
	 	 	Name:  	Sarah Kim 	 
	 	 	Title:  	Managing Director 	 

**Signature Page to Amendment No. 2 to the Credit Agreement**

***Signature Pages to Amendment No. 2 to the Credit Agreement follow***

 

-10-

	 	 	 	 	 
	 	NATIONAL CITY BANK, as a Lender

 	 
	 	By:  	/s/ Joseph R. Netzel
 	 
	 	 	Name:  	Joseph R. Netzel 	 
	 	 	Title:  	Senior Vice President 	 

**Signature Page to Amendment No. 2 to the Credit Agreement**

***Signature Pages to Amendment No. 2 to the Credit Agreement follow***

 

-11-

	 	 	 	 	 
	 	WELLS FARGO FOOTHILL, INC., as a Lender

 	 
	 	By:  	/s/ Blair K. Mertens
 	 
	 	 	Name:  	Blair K. Mertens 	 
	 	 	Title:  	Vice President 	 

**Signature Page to Amendment No. 2 to the Credit Agreement**

***Signature Page to Amendment No. 2 to the Credit Agreement follows***

 

-12-

	 	 	 	 	 
	 	Term B1 Lender:

By:  Callidus Debt Partners CLO Fund IV, Ltd.

By:  Its Collateral Manager

Callidus Capital Management, LLC

 	 
	 	By:  	/s/ Peter R. Bennitt
 	 
	 	 	Name:  	Peter R. Bennitt 	 
	 	 	Title:  	Principal 	 

**Signature Page to Amendment No. 2 to the Credit Agreement**

 

-13-

	 	 	 	 	 
	 	Term B1 Lender:

By:  Callidus Debt Partners CLO Fund V, Ltd.

By:  Its Collateral Manager

Callidus Capital Management, LLC

 	 
	 	By:  	/s/ Peter R. Bennitt
 	 
	 	 	Name:  	Peter R. Bennitt 	 
	 	 	Title:  	Principal 	 

**Signature Page to Amendment No. 2 to the Credit Agreement**

 

-14-

	 	 	 	 	 
	 	Term B1 Lender:

By:  Callidus Debt Partners CLO Fund VI, Ltd.

By:  Its Collateral Manager

Callidus Capital Management, LLC

 	 
	 	By:  	/s/ Peter R. Bennitt
 	 
	 	 	Name:  	Peter R. Bennitt 	 
	 	 	Title:  	Principal 	 

**Signature Page to Amendment No. 2 to the Credit Agreement**

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}]]