Document:

Local: A:\angfo.doc

Exhibit

10.2

 

EIGHTH AMENDMENT OF CREDIT AGREEMENT

 

THIS EIGHTH AMENDMENT OF CREDIT AGREEMENT (this “Amendment”) is entered into, effective as of

June 3, 2002, between PROTECTION ONE ALARM MONITORING, INC., a Delaware

corporation (“Borrower”),

each of the Persons which is a signatory to this Amendment (collectively, “Lenders”),  and WESTAR

INDUSTRIES, INC., as Administrative Agent for the Lenders (in such capacity,

together with its successors in such capacity, “Administrative Agent”).

 

R E C I T A L S

 

A.            Borrower, Lenders

and Administrative Agent entered into the Credit Agreement dated as of December

21, 1998 (as renewed, extended, modified, and amended from time to time, the “Credit Agreement”;

capitalized terms used herein shall, unless otherwise indicated, have the

respective meanings set forth in the Credit Agreement), providing for a

revolving credit facility in the original maximum principal amount of

$500,000,000.

 

B.            Pursuant to a letter

agreement dated as of September 30, 1999, Borrower reduced the Total Commitment

to $250,000,000.

 

C.            The Lenders and the

Administrative Agent entered into that certain Assignment and Acceptance dated

December 17, 1999 wherein the Administrative Agent and the Lenders assigned all

of their rights and obligations under the Credit Agreement to Westar

Industries, Inc. (f/k/a Westar Capital, Inc.).

 

D.            Borrower, Lender and

Administrative Agent entered into a Second Amendment of Credit Agreement

effective as of February 29, 2000, a Third Amendment of Credit Agreement

effective as of January 2, 2001, a Fourth Amendment of Credit Agreement

effective as of March 2, 2001, a Fifth Amendment to Credit Agreement effective

as of June 30, 2001, a Sixth Amendment of Credit Agreement effective as of

November 1, 2001, and a Seventh Amendment of Credit Agreement effective as of

March 25, 2002, pursuant to which certain provisions of the Credit Agreement

were amended.

 

E.             Borrower, Lender,

and Administrative Agent desire to further modify certain provisions contained

in the Credit Agreement to increase the amount of the Committed Sum (as defined

herein), subject to the terms and conditions set forth herein.

 

NOW, THEREFORE, for good and valuable consideration, the receipt and

sufficiency of which are hereby acknowledged, Borrower, Lender, and

Administrative Agent agree as follows:

 

1.             Amendments

to the Credit Agreement.  Schedule 2.1 is hereby deleted and replaced

with Schedule 2.1 attached hereto.

 

2.             Amendment of Credit Agreement and Other

Loan Documents. All references in the Loan Documents to the Credit

Agreement shall henceforth include

 

 

references to the Credit Agreement as modified and

amended by this Amendment, and as may, from time to time, be further modified,

amended, restated, extended, renewed, and/or increased.

 

3.             Ratifications.

Borrower (a)

ratifies and confirms all provisions of the Loan Documents as amended by this

Amendment, (b) ratifies and confirms that all guaranties, assurances, and

Liens, if any, granted, conveyed, or assigned to the Credit Parties under the

Loan Documents are not released, reduced, or otherwise adversely affected by

this Amendment and continue to guarantee, assure, and secure full payment and

performance of the present and future Obligation, and (c) agrees to perform

such acts and duly authorize, execute, acknowledge, deliver, file, and record

such additional documents, and certificates as the Credit Parties may

reasonably request in order to create, perfect, preserve, and protect those

guaranties, assurances, and Liens.

 

4.             Representations.

Borrower represents

and warrants to the Credit Parties that as of the date of this Amendment: (a)

this Amendment has been duly authorized, executed, and delivered by Borrower

and each of the other Obligors that are parties to this Amendment; (b) no

action of, or filing with, any Governmental Authority is required to authorize,

or is otherwise required in connection with, the execution, delivery, and

performance by Borrower or any other Obligor of this Amendment; (c) the Loan

Documents, as amended by this Amendment, are valid and binding upon Borrower

and the other Obligors and are enforceable against Borrower and the other

Obligors in accordance with their respective terms, except as limited by Debtor

Relief Laws and general principles of equity; (d) the execution, delivery, and

performance by Borrower and the other Obligors of this Amendment do not require

the consent of any other Person and do not and will not constitute a violation

of any Governmental Requirement, order of any Governmental Authority, or

material agreements to which Borrower or any other Obligor is a party thereto

or by which Borrower or any other Obligor is bound; (e) all representations and

warranties in the Loan Documents are true and correct in all material respects

on and as of the date of this Amendment, except to the extent that (i) any of

them speak to a different specific date, or (ii) the facts on which any of them

were based have been changed by transactions contemplated or permitted by the

Credit Agreement; and (f) both before and after giving effect to this

Amendment, no Potential Default or Default exists.

 

5.             Conditions.

This Amendment

shall not be effective unless and until:

 

(a)           this

Amendment has been executed by Borrower, the other Obligors, Administrative

Agent, and the Required Lenders;

 

(b)           Borrower

shall have delivered to Administrative Agent such documents satisfactory to

Administrative Agent as it may request evidencing the authorization and

execution of this Agreement, and any other documents executed and delivered in

connection herewith (collectively, the “Amendment Documents”; and

 

(c)           Borrower

shall have paid to the Administrative Agent, for the account of the Credit

Parties as Administrative Agent shall determine, an amendment fee in an

 

2

 

amount equal to 1% of the increase in the Total

Commitment made effective on the effective date of this Amendment ($250,000).

 

6.             Continued Effect. Except to the extent amended hereby or by

any documents executed in connection herewith, all terms, provisions, and

conditions of the Credit Agreement and the other Loan Documents, and all

documents executed in connection therewith, shall continue in full force and

effect and shall remain enforceable and binding in accordance with their respective

terms.

 

7.             Miscellaneous. Unless stated otherwise (a) the singular

number includes the plural and vice versa and words of any gender include each

other gender, in each case, as appropriate, (b) headings and captions may not

be construed in interpreting provisions, (c) this Amendment shall be construed

and its performance enforced, under Texas law, (d) if any part of this

Amendment is for any reason found to be unenforceable, all other portions of it

nevertheless remain enforceable, and (e) this Amendment may be executed in any

number of counterparts with the same effect as if all signatories had signed

the same document, and all of those counterparts must be construed together to

constitute the same document.

 

8.             Parties.

This Amendment binds and inures to Borrower and the Credit Parties and their

respective successors and permitted assigns.

 

9.             Entireties.

The

Credit Agreement and the other loan documents, as amended by this amendment and

the other amendment documents, represent the final agreement between the

parties about the subject matter of the credit agreement and may not be

contradicted by evidence of prior, contemporaneous, or subsequent oral

agreements of the parties.  there are no

unwritten oral agreements between the parties.

 

[THE

REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

 

3

 

SIGNATURE PAGE TO EIGHTH AMENDMENT OF

CREDIT AGREEMENT AMONG

PROTECTION ONE ALARM MONITORING,

INC., AS BORROWER,

WESTAR INDUSTRIES, INC., AS

ADMINISTRATIVE AGENT

AND

THE LENDERS NAMED HEREIN

 

EXECUTED on and effective as of the date first above

written.

 

	

   

  	

  PROTECTION ONE ALARM MONITORING, INC., a Delaware corporation, as Borrower

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

  /s/ Darius Nevin

  	

   

  
	

   

  	

   

  	

  Name: Darius Nevin

  
	

   

  	

   

  	

  Title:

  Executive Vice President and

  Chief Financial Officer

  
	

   

  	

   

  	

   

  

 

4

 

SIGNATURE PAGE TO EIGHTH AMENDMENT OF

CREDIT AGREEMENT AMONG

PROTECTION ONE ALARM MONITORING,

INC., AS BORROWER,

WESTAR INDUSTRIES, INC., AS

ADMINISTRATIVE AGENT,

AND

THE LENDERS NAMED HEREIN

 

EXECUTED on and effective as of the date first above

written.

 

	

   

  	

  WESTAR INDUSTRIES, INC., as Administrative Agent and a Lender

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By:

  	

  /s/ Paul R. Geist

  	

   

  
	

   

  	

   

  	

  Name: Paul R. Geist

  
	

   

  	

   

  	

  Title: President

  

 

5

 

To induce the Credit Parties to enter into this Amendment, each of the

undersigned (a) consents and agrees to the Amendment Documents’ execution and

delivery, (b) ratifies and confirms that all guaranties, assurances, and Liens,

if any, granted, conveyed, or assigned to the Credit Parties under the Loan

Documents are not released, diminished, impaired, reduced, or otherwise

adversely affected by the Amendment Documents and continue to guarantee,

assure, and secure the full payment and performance of all present and future

Obligations (except to the extent specifically limited by the terms of such

guaranties, assurances, or Liens), (c) agrees to perform such acts and duly

authorize, execute, acknowledge, deliver, file, and record such additional

guaranties, assignments, security agreements, deeds of trust, mortgages, and

other agreements, documents, instruments, and certificates as the Credit

Parties may reasonably deem necessary or appropriate in order to create,

perfect, preserve, and protect those guaranties, assurances, and Liens, and (d)

waives notice of acceptance of this consent and agreement, which consent and

agreement binds the undersigned and its successors and permitted assigns and

inures to the Credit Parties and their respective successors and permitted

assigns.

 

EXECUTED on and effective as of the date first above

written.

 

	

   

  	

  PROTECTION ONE, INC., a Delaware corporation

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By:

  	

  /s/ Darius Nevin

  	

   

  
	

   

  	

   

  	

  Name: Darius Nevin

  
	

   

  	

   

  	

  Title:

  Executive Vice President and

  Chief Financial Officer

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  NETWORK MULTI-FAMILY SECURITY CORPORATION, a Delaware corporation

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By:

  	

  /s/ Anthony D. Somma

  	

   

  
	

   

  	

   

  	

  Name: Anthony D. Somma

  
	

   

  	

   

  	

  Title: Assistant

  Treasurer

  
					

 

6Local: A:\angfo.doc

Exhibit

10.3

 

NINTH AMENDMENT OF CREDIT AGREEMENT

 

THIS NINTH AMENDMENT OF CREDIT AGREEMENT (this “Amendment”) is entered into, effective as of

June 26, 2002, between PROTECTION ONE ALARM MONITORING, INC., a Delaware

corporation (“Borrower”),

each of the Persons which is a signatory to this Amendment (collectively, “Lenders”),  and WESTAR

INDUSTRIES, INC., as Administrative Agent for the Lenders (in such capacity,

together with its successors in such capacity, “Administrative Agent”).

 

R E C I T A L S

 

A.            Borrower, Lenders

and Administrative Agent entered into the Credit Agreement dated as of December

21, 1998 (as renewed, extended, modified, and amended from time to time, the “Credit Agreement”;

capitalized terms used herein shall, unless otherwise indicated, have the

respective meanings set forth in the Credit Agreement), providing for a

revolving credit facility in the original maximum principal amount of

$500,000,000.

 

B.            Pursuant to a letter

agreement dated as of September 30, 1999, Borrower reduced the Total Commitment

to $250,000,000.

 

C.            The Lenders and the

Administrative Agent entered into that certain Assignment and Acceptance dated

December 17, 1999 wherein the Administrative Agent and the Lenders assigned all

of their rights and obligations under the Credit Agreement to Westar

Industries, Inc. (f/k/a Westar Capital, Inc.).

 

D.            Borrower, Lender and

Administrative Agent entered into a Second Amendment of Credit Agreement

effective as of February 29, 2000, a Third Amendment of Credit Agreement

effective as of January 2, 2001, a Fourth Amendment of Credit Agreement

effective as of March 2, 2001, a Fifth Amendment to Credit Agreement effective

as of June 30, 2001, a Sixth Amendment of Credit Agreement effective as of

November 1, 2001, a Seventh Amendment of Credit Agreement effective as of March

25, 2002, and an Eighth Amendment of Credit Agreement effective as of June 3,

2002, pursuant to which certain provisions of the Credit Agreement were

amended.

 

E.             Borrower, Lender,

and Administrative Agent desire to further modify certain provisions contained

in the Credit Agreement to increase the amount of the Committed Sum (as defined

herein), subject to the terms and conditions set forth herein.

 

NOW, THEREFORE, for good and valuable consideration, the receipt and

sufficiency of which are hereby acknowledged, Borrower, Lender, and

Administrative Agent agree as follows:

 

1.             Amendments

to the Credit Agreement.  Schedule 2.1 is hereby deleted and replaced

with Schedule 2.1 attached hereto.

 

2.             Amendment of Credit Agreement and Other

Loan Documents. All references in the Loan Documents to the Credit

Agreement shall henceforth include

 

 

references to the Credit Agreement as modified and

amended by this Amendment, and as may, from time to time, be further modified,

amended, restated, extended, renewed, and/or increased.

 

3.             Ratifications.

Borrower (a)

ratifies and confirms all provisions of the Loan Documents as amended by this

Amendment, (b) ratifies and confirms that all guaranties, assurances, and

Liens, if any, granted, conveyed, or assigned to the Credit Parties under the

Loan Documents are not released, reduced, or otherwise adversely affected by

this Amendment and continue to guarantee, assure, and secure full payment and

performance of the present and future Obligation, and (c) agrees to perform

such acts and duly authorize, execute, acknowledge, deliver, file, and record

such additional documents, and certificates as the Credit Parties may

reasonably request in order to create, perfect, preserve, and protect those

guaranties, assurances, and Liens.

 

4.             Representations.

Borrower

represents and warrants to the Credit Parties that as of the date of this

Amendment: (a) this Amendment has been duly authorized, executed, and delivered

by Borrower and each of the other Obligors that are parties to this Amendment;

(b) no action of, or filing with, any Governmental Authority is required to

authorize, or is otherwise required in connection with, the execution,

delivery, and performance by Borrower or any other Obligor of this Amendment;

(c) the Loan Documents, as amended by this Amendment, are valid and binding

upon Borrower and the other Obligors and are enforceable against Borrower and

the other Obligors in accordance with their respective terms, except as limited

by Debtor Relief Laws and general principles of equity; (d) the execution,

delivery, and performance by Borrower and the other Obligors of this Amendment

do not require the consent of any other Person and do not and will not

constitute a violation of any Governmental Requirement, order of any

Governmental Authority, or material agreements to which Borrower or any other

Obligor is a party thereto or by which Borrower or any other Obligor is bound;

(e) all representations and warranties in the Loan Documents are true and

correct in all material respects on and as of the date of this Amendment,

except to the extent that (i) any of them speak to a different specific date,

or (ii) the facts on which any of them were based have been changed by

transactions contemplated or permitted by the Credit Agreement; and

(f) both before and after giving effect to this Amendment, no Potential

Default or Default exists.

 

5.             Conditions.

This Amendment

shall not be effective unless and until:

 

(a)           this

Amendment has been executed by Borrower, the other Obligors, Administrative

Agent, and the Required Lenders;

 

(b)           Borrower

shall have delivered to Administrative Agent such documents satisfactory to

Administrative Agent as it may request evidencing the authorization and

execution of this Agreement, and any other documents executed and delivered in

connection herewith (collectively, the “Amendment Documents”; and

 

(c)           Borrower

shall have paid to the Administrative Agent, for the account of the Credit

Parties as Administrative Agent shall determine, an amendment fee in an

 

2

 

amount equal to 1% of the increase in the Total Commitment made

effective on the effective date of this Amendment ($250,000).

 

6.             Continued Effect. Except to the extent amended hereby or by

any documents executed in connection herewith, all terms, provisions, and

conditions of the Credit Agreement and the other Loan Documents, and all

documents executed in connection therewith, shall continue in full force and

effect and shall remain enforceable and binding in accordance with their

respective terms.

 

7.             Miscellaneous. Unless stated otherwise (a) the singular

number includes the plural and vice versa and words of any gender include each

other gender, in each case, as appropriate, (b) headings and captions may not

be construed in interpreting provisions, (c) this Amendment shall be construed

and its performance enforced, under Texas law, (d) if any part of this

Amendment is for any reason found to be unenforceable, all other portions of it

nevertheless remain enforceable, and (e) this Amendment may be executed in any

number of counterparts with the same effect as if all signatories had signed

the same document, and all of those counterparts must be construed together to

constitute the same document.

 

8.             Parties.

This Amendment binds and inures to Borrower and the Credit Parties and their

respective successors and permitted assigns.

 

9.             Entireties.

The

Credit Agreement and the other loan documents, as amended by this amendment and

the other amendment documents, represent the final agreement between the

parties about the subject matter of the credit agreement and may not be

contradicted by evidence of prior, contemporaneous, or subsequent oral

agreements of the parties.  there are no

unwritten oral agreements between the parties.

 

[THE

REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

 

3

 

SIGNATURE PAGE TO NINTH AMENDMENT OF

CREDIT AGREEMENT AMONG

PROTECTION ONE ALARM MONITORING, INC.,

AS BORROWER,

WESTAR INDUSTRIES, INC., AS

ADMINISTRATIVE AGENT

AND

THE LENDERS NAMED HEREIN

 

EXECUTED on and effective as of the date first above

written.

 

	

   

  	

  PROTECTION ONE ALARM MONITORING, INC., a Delaware corporation, as Borrower

  
	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

  /s/ Darius Nevin

  	

   

  
	

   

  	

   

  	

  Name: Darius Nevin

  
	

   

  	

   

  	

  Title:

  Executive Vice President and

  Chief Financial Officer

  

 

4

 

SIGNATURE PAGE TO NINTH AMENDMENT OF

CREDIT AGREEMENT AMONG

PROTECTION ONE ALARM MONITORING,

INC., AS BORROWER,

WESTAR INDUSTRIES, INC., AS

ADMINISTRATIVE AGENT,

AND

THE LENDERS NAMED HEREIN

 

EXECUTED on and effective as of the date first above

written.

 

	

   

  	

  WESTAR INDUSTRIES, INC., as Administrative Agent and a Lender

  
	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

  /s/ Paul R. Geist

  	 

	

   

  	

   

  	

  Name: Paul R. Geist

  
	

   

  	

   

  	

  Title: President

  

 

5

 

To induce the Credit Parties to enter into this Amendment, each of the

undersigned (a) consents and agrees to the Amendment Documents’ execution and

delivery, (b) ratifies and confirms that all guaranties, assurances, and Liens,

if any, granted, conveyed, or assigned to the Credit Parties under the Loan

Documents are not released, diminished, impaired, reduced, or otherwise

adversely affected by the Amendment Documents and continue to guarantee,

assure, and secure the full payment and performance of all present and future

Obligations (except to the extent specifically limited by the terms of such

guaranties, assurances, or Liens), (c) agrees to perform such acts and duly authorize,

execute, acknowledge, deliver, file, and record such additional guaranties,

assignments, security agreements, deeds of trust, mortgages, and other

agreements, documents, instruments, and certificates as the Credit Parties may

reasonably deem necessary or appropriate in order to create, perfect, preserve,

and protect those guaranties, assurances, and Liens, and (d) waives notice of

acceptance of this consent and agreement, which consent and agreement binds the

undersigned and its successors and permitted assigns and inures to the Credit

Parties and their respective successors and permitted assigns.

 

EXECUTED on and effective as of the date first above

written.

 

	

   

  	

  PROTECTION ONE, INC., a Delaware corporation

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

  /s/ Darius Nevin

  	 

	

   

  	

   

  	

  Name: Darius Nevin

  
	

   

  	

   

  	

  Title:

  Executive Vice President and

  Chief Financial Officer

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  NETWORK MULTI–FAMILY SECURITY CORPORATION, a Delaware corporation

  
	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

  /s/ Anthony D. Somma

  	 

	

   

  	

   

  	

  Name: Anthony D. Somma

  
	

   

  	

   

  	

  Title: Assistant

  Treasurer

  

 

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00042-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00042-of-00352.parquet"}]]