Document:

exhibit101omnibusamendme

                                                                   Exhibit 10.1                                                                                                                                          EXECUTION VERSION        THIS OMNIBUS AMENDMENT (this “Amendment”) is entered into as of August 22, 2018, by  and among:               (i)   REXNORD  FUNDING  LLC,  as  an  Originator,  and  as  the  Buyer  (“Rexnord                    Funding”);               (ii)  ZURN INDUSTRIES, LLC, as an Originator (“Zurn Industries”);               (iii)  ZURN PEX, INC., as an Originator (“Zurn Pex”);               (iv)  RODNEY HUNT – FONTAINE INC., as an Originator (“Rodney Hunt”);               (v)   VAG USA, LLC, as an Originator (“VAG USA”);               (vi)  PRECISION GEAR LLC, as an Originator (“Precision Gear”);                (vii)   REXNORD INDUSTRIES, LLC, as the Servicer (“Rexnord Industries”); and                (viii)  WELLS FARGO BANK, N.A., as Administrative Agent (the “Administrative                    Agent”) and as the sole Lender party to the Funding Agreement referenced                    below.               Capitalized terms used herein and not  defined herein shall have the meanings given to  such terms in the “Sale and Servicing Agreement” (as defined below).                             PRELIMINARY STATEMENTS               A.   Rexnord  Funding,  as  an  originator  and  as  the  buyer,  Zurn  Industries,  as  an  originator,  Zurn  Pex,  as  an  originator,  Rodney  Hunt,  as  an  originator,  VAG  USA,  as  an  originator  (Rexnord Funding, Zurn Industries and Zurn Pex, Rodney Hunt and VAG USA collectively, the “Existing  Originators”),  and  Rexnord  Industries,  as  the  servicer,  are  party  to  that  certain  Receivables  Sale  and  Servicing Agreement, dated as of September 26, 2007 (as amended, restated, supplemented or modified  from time to time prior to the date hereof, the “Sale and Servicing Agreement”).               B.    Prior  to  the  Termination  Date,  the  Sale  and  Servicing  Agreement  may  be  amended in writing by the parties thereto with the written consent of the Administrative Agent under the  Amended and Restated Receivables Funding and Administration Agreement, dated as of May 20, 2011  (as amended, restated, supplemented or modified from time to time prior to the date hereof, the “Funding  Agreement”).               C.  Precision  Gear  (the  “New  Originator”)  desires  to  become  a  party  to  the  Sale  and  Servicing Agreement as an “Originator”.               D. VAG USA has requested that Rexnord Funding transfer and assign to VAG USA all  of  Rexnord  Funding’s  right,  title,  and  interest  in,  to  and  under  the  Receivables  that  were  previously  transferred  and  assigned  by  VAG  USA  to  Rexnord  Funding  pursuant  to  the  Sale  and  Servicing  Agreement (the “VAG Specified Assets”). Rexnord Funding is willing to transfer and assign the VAG     ACTIVE 232086017v.11  

 

Specified Assets to VAG USA. Upon the consummation of such transfer of the VAG Specified Assets,  VAG USA desires to cease to be an “Originator” under the Sale and Servicing Agreement and the parties  hereto are willing to consent to the removal of VAG USA as an “Originator”.               E.  Rodney Hunt has requested that Rexnord Funding transfer and assign to Rodney Hunt  all of Rexnord Funding’s right, title, and interest in, to and under the Receivables that were previously  transferred  and  assigned  by  Rodney  Hunt  to  Rexnord  Funding  pursuant  to  the  Sale  and  Servicing  Agreement (the “Rodney Hunt Specified Assets”). Rexnord Funding is willing to transfer and assign the  Rodney Hunt Specified Assets to Rodney Hunt. Upon the consummation of such transfer of the Rodney  Hunt Specified Assets, Rodney Hunt desires to cease to be an “Originator” under the Sale and Servicing  Agreement  and  the  parties  hereto  are  willing  to  consent  to  the  removal  of  Rodney  Hunt  as  an  “Originator”.               F.   Each of the parties hereto desires to amend the Sale and Servicing Agreement on  the terms and conditions set forth herein.                            SECTION 1.  Joinder of New Originator to the Sale and Servicing Agreement.                1.01  By its signature below, (a) the New Originator hereby agrees to become a party        to  the  Sale  and  Servicing  Agreement  as  an  “Originator”  thereunder,  and  to  assume  all  of  the        obligations  and  liabilities  of,  and  be  bound  by  all  of  the  terms,  covenants,  agreements  and        conditions with respect to, an Originator under the Sale and Servicing Agreement and the other        Related Documents, and (b) Rexnord Funding, the Existing Originators, Rexnord Industries and        the Administrative Agent consent thereto.               1.02  The  New  Originator  represents  and  warrants  that  after  giving  effect  to  the        Supplementary Schedules, each of the representations and warranties contained in Section 4.01 of        the Sale and Servicing Agreement will be true and correct as to the New Originator as of the date        specified therein. The “Effective Date” for the New Originator for the purposes of Article IV of        the Sale and Servicing Agreement shall be the date hereof.              SECTION 2.  Transfer of the VAG Specified Assets and Rodney Hunt Specified Assets.               2.01  Effective as of the Amendment Effective Date (as defined below) and subject to        the  satisfaction  of  the  conditions  precedent  set  forth  in  Section  6  below,  (a)  Rexnord  Funding        does hereby sell and assign to VAG USA, without representation, recourse or warranty of any        kind, all of the Rexnord Funding’s right, title and interest in and to the VAG Specified Assets and        (b) VAG USA does hereby purchase from the Rexnord Funding, without representation, recourse        or warranty of any kind, all of the Rexnord Funding’s right, title and interest in and to the VAG        Specified Assets.               2.02  Effective as of the Amendment Effective Date  and subject to the satisfaction of        the conditions precedent set forth in Section 6 below, (a) Rexnord Funding does hereby sell and        assign  to  Rodney  Hunt,  without  representation,  recourse  or  warranty  of  any  kind,  all  of  the        Rexnord Funding’s right, title and interest in and to the Rodney Hunt Specified Assets and (b)        Rodney Hunt does hereby purchase from the Rexnord Funding, without representation, recourse        or warranty of any kind, all of the Rexnord Funding’s right, title and interest in and to the Rodney        Hunt Specified Assets.              SECTION 3.  VAG USA and Rodney Hunt.                                          2    

 

      3.01  Effective  as  of  the  Amendment  Effective  Date  and  subject  to  (a)  the  consummation of the transfer of the VAG Specified Assets in accordance with Section 2 hereof  and (b) the satisfaction of the conditions precedent set forth in Section 6 hereof, VAG USA shall  cease to be an “Originator” under the Sale and Servicing Agreement or any Related Document.  Any  obligations  or  liabilities  that  expressly  survive  termination  of  the  Sale  and  Servicing  Agreement or any Related Document shall survive the effectiveness of this Amendment.         3.02  Effective  as  of  the  Amendment  Effective  Date  and  subject  to  (a)  the  consummation of the transfer of the Rodney Hunt Specified Assets in accordance with Section 2  hereof and (b) the satisfaction of the conditions precedent set forth in Section 6 hereof, Rodney  Hunt shall cease to be an “Originator” under the Sale and Servicing Agreement or any Related  Document.  Any  obligations  or  liabilities  that  expressly  survive  termination  of  the  Sale  and  Servicing  Agreement  or  any  Related  Document  shall  survive  the  effectiveness  of  this  Amendment.        SECTION 4.  Consent to Transfer of the Specified Assets and Removal of VAG USA and  Rodney Hunt as “Originators”.          4.01  Effective as of the Amendment Effective Date and subject to the satisfaction of  the conditions precedent set forth in Section 6 below:                (a)   the  Administrative  Agent  hereby  releases  the  security  interest  in  the        VAG  Specified  Assets  that  was  granted  by  Rexnord  Funding  pursuant  to  the  Funding        Agreement;               (b)   each  of  Rexnord  Funding,  VAG  USA  and  the  Administrative  Agent        agree  to  terminate,  at  the  cost  of  Rexnord  Funding  and  VAG  USA,  the  financing        statements filed naming VAG USA as debtor in connection with the Sale and Servicing        Agreement; and               (c)   each of the Administrative Agent and each Originator hereby consents to        (i) Rexnord Funding’s transfer and assignment to VAG USA of all of Rexnord Funding’s        right, title and interest in and to the VAG Specified Assets in accordance with Section 2        hereof and (b) the removal of VAG USA as an “Originator” in accordance with Section 3        hereof.                        4.02  Effective as of the Amendment Effective Date and subject to the satisfaction of  the conditions precedent set forth in Section 6 below:                (a)   The  Administrative  Agent  hereby  releases  the  security  interest  in  the        Rodney  Hunt  Specified  Assets  that  was  granted  by  Rexnord  Funding  pursuant  to  the        Funding Agreement;               (b)   each  of  Rexnord  Funding,  Rodney  Hunt  and  the  Administrative  Agent        agree  to  terminate,  at  the  cost  of  Rexnord  Funding  and  Rodney  Hunt,  the  financing        statements filed naming Rodney Hunt as debtor in connection with the Sale and Servicing        Agreement; and                                    3                 

 

            (c)   each of the Administrative Agent and each Originator hereby consents to        (a)  Rexnord  Funding’s  transfer  and  assignment  to  Rodney  Hunt  of  all  of  Rexnord        Funding’s  right,  title  and  interest  in  and  to  the  Rodney  Hunt  Specified  Assets  in        accordance with Section 2 hereof and (b) the removal of Rodney Hunt as an “Originator”        in accordance with Section 3 hereof.                       SECTION 5.  Amendments  to  the  Sale  and  Servicing  Agreement.   Effective  as  of  the  Amendment Effective Date (as defined below) and subject to the satisfaction of the conditions  precedent set forth in Section 6 below, the Sale and Servicing Agreement is hereby amended as  follows:         5.01  the  final  sentence  of  Section  4.01(h)  of  the  Sale  and  Servicing  Agreement  is  hereby deleted in its entirety; and         5.02  each applicable schedule to the Sale and Servicing Agreement is hereby amended  to include the information set forth in the supplements (the “Supplementary Schedules”) to each  of the schedules to the Sale and Servicing Agreement attached hereto.        SECTION 6.  Conditions Precedent.  This Amendment shall become effective on the date  (the “Amendment Effective Date”) on which the Administrative Agent shall have received each  of the documents in listed the Amendment Schedule of Documents attached hereto as Exhibit A.         SECTION 7.  Covenants,  Representation  and  Warranties  of  Rexnord  Funding,  Zurn  Industries, Zurn Pex, Precision Gear and Rexnord Industries.         7.01  Upon  the  effectiveness  of  this  Amendment,  each  of  Rexnord  Funding,  Zurn  Industries, Zurn Pex, Rodney Hunt, Precision Gear and Rexnord Industries hereby (i) reaffirms  all covenants, representations and warranties made by it in the Sale and Servicing Agreement to  the  extent  the  same  are  not  amended  hereby  and  (ii)  agrees  that  all  such  covenants,  representations and warranties shall be deemed to have been re-made as of the effective date of  this Amendment.         7.02  Each  of  Rexnord  Funding,  Zurn  Industries,  Zurn  Pex,  Rodney  Hunt,  Precision  Gear and Rexnord Industries hereby represents and warrants that this Amendment constitutes its  legal, valid and binding obligation, enforceable against it in accordance with its terms.        SECTION 8.  Ratification.   The  Sale  and  Servicing  Agreement  and  each  other  Related  Document  to  which  any  of  the  parties  hereto  is  a  party,  in  each  case,  as  amended  hereby,  is  hereby ratified, approved and confirmed in all respects.        SECTION 9.  Reference to and Effect on the Agreements.         9.01  Upon  the  effectiveness  of  this  Amendment,  (i)  each  reference  in  the  Sale  and  Servicing  Agreement  to  “this  Agreement”,  “hereunder”,  “hereof”,  “herein”  or  words  of  like  import shall mean and be a reference to the Sale and Servicing Agreement as amended hereby,  and  (ii)  each  reference  to  the  Sale  and  Servicing  Agreement  in  any  document,  instrument  or  agreement executed and/or delivered in connection therewith, shall mean and be a reference to  the Sale and Servicing Agreement as amended hereby.         9.02  Except as specifically amended above, the terms and conditions of the Sale and  Servicing  Agreement  and  any  other  documents,  instruments  and  agreements  executed  and/or                                   4                 

 

delivered in connection therewith, shall remain in full force and effect and are hereby ratified and  confirmed.         9.03  The execution, delivery and effectiveness of this Amendment shall not operate as  a waiver of any right, power or remedy of the Administrative Agent or the Agents under the Sale  and  Servicing  Agreement,  any  Related  Document,  or  any  other  document,  instrument  or  agreement executed in connection therewith, nor constitute a waiver of any provision contained  therein, in each case except as specifically set forth herein.        SECTION 10.  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 taken together  shall  constitute  but  one  and  the  same  instrument.   Delivery  of  an  executed  counterpart  of  a  signature  page  to  this  Amendment  by  telecopier  shall  be  effective  as  delivery  of  a  manually  executed counterpart of this Amendment.        SECTION 11.  Governing  Law.   THIS  AMENDMENT  SHALL  BE  CONSTRUED  IN  ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF  ILLINOIS  (INCLUDING  735  ILCS  SECTION  105/5-1  ET.  SEQ.  BUT  OTHERWISE  WITHOUT  REGARD TO CONFLICT OF LAWS PROVISIONS).        SECTION 12.  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.        SECTION 13.  Integration.   This  Amendment  contains  the  entire  understanding  of  the  parties hereto with regard to the subject matter contained herein.  This Amendment supersedes all  prior or contemporaneous negotiations, promises, covenants, agreements and representations of  every nature whatsoever with respect to the matters referred to in this Amendment, all of which  have  become  merged  and  finally  integrated  into  this  Amendment.   Each  of  the  parties  hereto  understands that in the event of any subsequent litigation, controversy or dispute concerning any  of the terms, conditions or provisions of this Amendment, no party shall be entitled to offer or  introduce into evidence any oral promises or oral agreements between the parties relating to the  subject matter of this Amendment not included or referred to herein and not reflected by a writing  included or referred to herein.            [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]                                    5                 

 

      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed  by their respective signatories as of the date first above written.                                        REXNORD INDUSTRIES, LLC,                                       as an Originator and as the Servicer                                                                                                                  By: /s/ David Pauli______________________________                                      Name:  David Pauli                                      Title:    Vice President and Controller                                                                            ZURN INDUSTRIES, LLC,                                       as an Originator                                                                                                                  By: /s/ David Pauli______________________________                                      Name:  David Pauli                                      Title:    Vice President and Controller                                                                            ZURN PEX, INC.,                                       as an Originator                                                                                                                  By: /s/ David Pauli______________________________                                      Name:  David Pauli                                      Title:    Vice President and Controller                                                                            RODNEY HUNT - FONTAINE INC.,                                       as an Originator                                                                                                                  By: /s/ David Pauli______________________________                                      Name:  David Pauli                                      Title:    Vice President and Controller                                                                            VAG USA, LLC,                                       as an Originator                                                                                                                  By: /s/ David Pauli______________________________                                      Name:  David Pauli                                      Title:    Vice President and Controller                                                                            PRECISION GEAR LLC                                      as an Originator                                                                                                                  By: /s/ David Pauli______________________________                                      Name:  David Pauli                                      Title:   Vice President and Controller                                                                                                                            

 

REXNORD FUNDING LLC,   as the Buyer and as an Originator      By: /s/ David Pauli______________________________  Name:  David Pauli  Title:    Vice President and Controller                    WELLS FARGO BANK, N.A.,   as Administrative Agent and as the sole Lender party to  the Funding Agreement      By: /s/ Isaac Washington_________________________  Name:  Isaac Washington  Title:   Vice PresidentEX-10.1

 Exhibit 10.1 

ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT 

THIS ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT (this “Assignment”) is made to be effective as of the 25th day
of October, 2018, by and between THRE Global Investments, LLC, a Delaware limited liability company, with an address at c/o Teachers Insurance and Annuity Association of America, 730 Third Avenue, New York, New York 10017
(“Assignor”), and NR MAIN STREET AT KINGWOOD LLC, a Delaware limited liability company, with an address at c/o Teachers Insurance and Annuity Association of America, 730 Third Avenue, New York, New York 10017
(“Assignee”). 
 RECITALS 

A. MAIN STREET KINGWOOD, LTD., a Texas limited partnership (“Seller”), as seller, and Assignor, as purchaser, executed that
certain Real Estate Purchase Contract dated effective as of August 10, 2018 (as amended, the “Purchase Agreement”), concerning certain real property located in Harris County, Texas more particularly described in the Purchase Agreement
(the “Property”). Any capitalized term used herein that is not otherwise defined herein shall have the meaning given thereto in the Purchase Agreement. 

B. The Purchase Agreement was amended pursuant to (i) that certain First Amendment to Real Estate Purchase Contract dated effective as of
September 7, 2018, (ii) that certain Second Amendment to Real Estate Purchase Contract dated effective as of September 19, 2018, (iii) that certain Third Amendment to Real Estate Purchase Contract dated effective as of September 28,
2018, (iv) that certain Fourth Amendment to Real Estate Purchase Contract dated effective as of October 3, 2018; and (v) that certain Fifth Amendment to Real Estate Purchase Contract dated effective as of October 22, 2018, each
between Seller and Assignor. 
 C. Pursuant to the Purchase Agreement, Assignor desires to enter into this Assignment to, among other things,
assign its right and interest in the Purchase Agreement to Assignee and to evidence Assignee’s assumption of Assignor’s obligations and liabilities under the Purchase Agreement. 

For and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged by the parties hereto Assignor and Assignee hereby agree as follows: 
 ASSIGNMENT: 

1. Assignment and Assumption. Assignor hereby assigns, transfers, and conveys to Assignee, its successors, legal representatives, and
assigns, all of Assignor’s right, title and interest in and to the Purchase Agreement, to have and to hold the same unto Assignee, its successors, legal representatives and assigns, forever, subject, however, to the terms and conditions
contained in the Purchase Agreement. Assignee accepts such assignment and assumes and agrees to perform each of the obligations of Assignor arising under the Purchase Agreement. Assignor shall remain obligated under the Purchase Agreement
notwithstanding this Assignment. 
 2. Enforcement. Assignor authorizes and empowers Assignee, upon its performance of the terms and
conditions contained in the Purchase Agreement to be performed by the purchaser thereunder, to enforce the performance of the terms and conditions contained in the Purchase Agreement to be performed by Seller and to demand and receive of Seller the
deed and all other items and documents covenanted to be given in the Purchase Agreement to the purchaser thereunder, in the same manner and with the same effect as Assignor itself might or could do had this Assignment not been made. Assignor and
Assignee acknowledge that Seller may enforce the obligations of the purchaser under the Purchase Agreement directly against Assignee or Assignor in accordance with the terms of the Purchase Agreement. 

 3. Earnest Money. Assignor hereby irrevocably assigns and transfers to Assignee, its
successors, legal representatives and assigns, all of Assignor’s right, title and interest in and to the Deposit (as defined in the Purchase Agreement), plus any accrued interest thereon, heretofore deposited by Assignor pursuant to the
Purchase Agreement. 
 EXECUTED effective as of the date first above written. 

 

							
	ASSIGNOR:
	
	THRE GLOBAL INVESTMENTS, LLC, a Delaware limited liability company
		
	By:	 	 /s/ MICHAEL FISK

	Name:	 	MICHAEL FISK
	Title:	 	ASSISTANT SECRETARY
	
	ASSIGNEE:
	
	 NR MAIN STREET AT KINGWOOD LLC, a

Delaware limited liability company

			
	By:	 		 	 TH Real Estate Global Cities Advisors, LLC,

a Delaware limited liability company,
 Its Investment
Advisor

				
		 		 	By:	 	 /s/ MICHAEL FISK

		 		 	Name: MICHAEL FISK
		 		 	Title: ASSISTANT SECRETARY

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