Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.1    
    

 
  FIRST AMENDMENT OF CREDIT AGREEMENT    
    

        THIS FIRST AMENDMENT OF CREDIT AGREEMENT (this "Amendment") is dated as of September 1, 2004 and entered
into by and among TRAMMELL CROW COMPANY, a Delaware corporation ("Borrower"),  BANK OF AMERICA, N.A.,
a national banking association, as Administrative Agent for the Lenders defined below (in such capacity, together with its
successors and assigns, "Administrative Agent") and as Issuing Bank (in such capacity, together with its successors and assigns,
"Issuing Bank"), and each Lender that is a signatory to this Amendment. 

 
 

R E C I T A L S    
    

        A.    Reference
is hereby made to that certain Credit Agreement dated as of June 28, 2002, executed by Borrower, Administrative Agent, and the Lenders (herein so called)
defined therein (the "Credit Agreement") pursuant to which such Lenders extended to Borrower a $150,000,000 revolving credit facility. 

        B.    Capitalized
terms used herein shall, unless otherwise indicated, have the respective meanings set forth in the Credit Agreement. 

        C.    Borrower,
Administrative Agent, Issuing Bank, and the Lenders that are signatory to this Amendment desire to modify certain provisions contained in the Credit Agreement
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, the parties hereto agree as follows: 

        1.     Amendments to the Credit Agreement.

        (a)   Section 1.1 is amended to add the following definition thereto in alphabetical order: 

        "Special Restricted Payments" means Restricted Junior Payments in the form of either the repurchase by Borrower of its Stock or the
issuance by Borrower of one or more special dividends to the holders of its Stock, in either case on or after September 1, 2004 and on or before December 31, 2004; provided that the
aggregate amount of such Restricted Junior Payments shall not exceed $100,000,000. 

        (b)   Section 6.2(f) is hereby deleted in its entirety and replaced with the following: 

        (f)    the Companies may make loans and advances to employees for moving, arrival or promotion incentives, entertainment, and
travel expenses, drawing accounts, and similar expenditures in the ordinary course of business in an aggregate amount not exceeding $20,000,000 at any time outstanding; 

        (c)   Section 6.3 is hereby deleted in its entirety and replaced with the following: 

        Section 6.3 Restricted Junior Payments. Borrower shall not, and shall not permit any of its Subsidiaries
to, directly or indirectly, declare, order, pay, make, or set apart any sum for any Restricted Junior Payment, except for, so long as no Event of
Default exists or would result therefrom, (a) Permitted Distributions, and (b) Special Restricted Payments. 

        (d)   Section 6.4(c) is hereby deleted in its entirety and replaced with the following: 

        (c)   Minimum Net Worth. Borrower shall not permit Net Worth, as of the last day of any Fiscal Quarter to be less than an
amount equal to (i) the Minimum Net Worth minus (ii) the Dollar amount of all Special Restricted Payments. 

        (e)   Sections 6.6(e) and (f) are hereby deleted in
their entirety and replaced with the following: 

        (e)   the Companies may make Investments permitted by Section 6.2; 

        (f)    the Companies may make Permitted Acquisitions; and 

 

        (f)    Section 6.6 is hereby amended by adding the following new  Section 6.6(g) to the end
thereof: 

        (g)   Borrower may make Special Restricted Payments. 

        2.     Amendment of Credit Agreement and Other Loan Documents.

        (a)   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, renewed, extended, restated, and/or increased. 

        (b)   Any and all of the terms and provisions of the Loan Documents are hereby amended and modified wherever necessary, even
though not specifically addressed herein, so as to conform to the amendments and modifications set forth herein. 

        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 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 Obligations, and (c) agrees to perform such
acts and duly authorize, execute, acknowledge, deliver, file, and record such additional documents, and certificates as Administrative Agent may reasonably request in order to create, perfect,
preserve, and protect such 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 Companies 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 the other Companies of this Amendment other than
filings with the Securities and Exchange Commission; (c) the Loan Documents, as amended by this Amendment, are valid and binding upon Borrower and the other Companies that are parties to this
Amendment and are enforceable against Borrower and the other Companies in accordance with their respective terms, except as limited by bankruptcy, insolvency, reorganization, moratorium, or similar
laws relating to or limiting creditors' rights generally or by general principles of equity; (d) the execution, delivery, and performance by Borrower and the other Companies 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 Company is a party thereto or by which Borrower or any other Company 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 Event of Default
exists. 

        5.     Conditions. This Amendment shall not be effective unless and until: 

        (a)   Administrative Agent shall have received this Amendment duly executed by Borrower, each of the Companies that is party
hereto, and the Requisite Lenders; 

        (b)   the representations and warranties in this Amendment 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 

        (c)   both before and after giving effect to this Amendment, no Potential Default or Event of Default exists. 

2

 

        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 must 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, 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.

[Remainder of Page Intentionally Left Blank; Signature Pages Follow]

3

 
 

SIGNATURE PAGE TO FIRST AMENDMENT OF CREDIT AGREEMENT
  EXECUTED BY
  TRAMMELL CROW COMPANY, AS BORROWER,
  BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT AND ISSUING BANK,
  AND THE LENDERS DEFINED THEREIN

    

        EXECUTED as of the day and year first mentioned. 

	 	 	TRAMMELL CROW COMPANY, a Delaware corporation, as Borrower
	

 	
 	

By:	

/s/  DEREK R. MCCLAIN      
 Name: Derek R. McClain

Title: Executive Vice President

Signature Page to Trammell Crow Company First Amendment

 
 

SIGNATURE PAGE TO FIRST AMENDMENT OF CREDIT AGREEMENT
  EXECUTED BY
  TRAMMELL CROW COMPANY, AS BORROWER,
  BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT AND ISSUING BANK,
  AND THE LENDERS DEFINED THEREIN

    

	 	 	BANK OF AMERICA, N.A.,

as Administrative Agent, Issuing Bank, and a Lender
	

 	
 	

By:	

/s/  RON ODLOZIL      
 Ron Odlozil

Principal

Signature Page to Trammell Crow Company First Amendment

 
 

SIGNATURE PAGE TO FIRST AMENDMENT OF CREDIT AGREEMENT
  EXECUTED BY
  TRAMMELL CROW COMPANY, AS BORROWER,
  BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT AND ISSUING BANK,
  AND THE LENDERS DEFINED THEREIN

    

	 	 	THE BANK OF NOVA SCOTIA,

Acting Through its San Francisco Agency as a Lender
	

 	
 	

By:	

/s/  ABID GILANI      
 Name: Abid Gilani

Title: Managing Director

Signature Page to Trammell Crow Company First Amendment

 
 

SIGNATURE PAGE TO FIRST AMENDMENT OF CREDIT AGREEMENT
  EXECUTED BY
  TRAMMELL CROW COMPANY, AS BORROWER,
  BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT AND ISSUING BANK,
  AND THE LENDERS DEFINED THEREIN

    

	 	 	FIRST TENNESSEE BANK, N.A.,

as a Lender
	

 	
 	

By:	

/s/  SAM JENKINS      
 Name: Sam Jenkins

Title: Senior Vice President

Signature Page to Trammell Crow Company First Amendment

 
 

SIGNATURE PAGE TO FIRST AMENDMENT OF CREDIT AGREEMENT
  EXECUTED BY
  TRAMMELL CROW COMPANY, AS BORROWER,
  BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT AND ISSUING BANK,
  AND THE LENDERS DEFINED THEREIN

    

	 	 	LASALLE BANK,

as a Lender
	

 	
 	

By:	

/s/  JULIE ANNE THICK      
 Name: Julie Anne Thick

Title: First Vice President

Signature Page to Trammell Crow Company First Amendment

 
 

SIGNATURE PAGE TO FIRST AMENDMENT OF CREDIT AGREEMENT
  EXECUTED BY
  TRAMMELL CROW COMPANY, AS BORROWER,
  BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT AND ISSUING BANK,
  AND THE LENDERS DEFINED THEREIN

    

	 	 	UNION BANK OF CALIFORNIA N.A.,

as a Lender
	

 	
 	

By:	

/s/  PATRICK TROWBRIDGE      
 Name: Patrick Trowbridge

Title: Vice President

Signature Page to Trammell Crow Company First Amendment

 
 

SIGNATURE PAGE TO FIRST AMENDMENT OF CREDIT AGREEMENT
  EXECUTED BY
  TRAMMELL CROW COMPANY, AS BORROWER,
  BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT AND ISSUING BANK,
  AND THE LENDERS DEFINED THEREIN

    

	 	 	U.S. BANK NATIONAL ASSOCIATION,

as a Lender
	

 	
 	

By:	

 
	 	 	 	 	

	 	 	Name:	 
	 	 	 	

	 	 	Title:	 
	 	 	 	

Signature Page to Trammell Crow Company First Amendment

        To
induce the Credit Parties to enter into this Amendment, the undersigned jointly and severally (a) consent and agree to the Amendment's execution and delivery, (b) ratify
and confirm that all guaranties, assurances, and Liens 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 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) agree 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 Administrative Agent may reasonably deem necessary or appropriate in order to create,
perfect, preserve, and protect those guaranties, assurances, and Liens, and (d) waive notice of acceptance of this consent and agreement, which consent and agreement binds the undersigned and
their successors and permitted assigns and inures to the Credit Parties and their respective successors and permitted assigns. 

	 	 	EACH OF THE CORPORATE GUARANTORS/PLEDGORS LISTED ON SCHEDULE I ATTACHED HERETO
	

 	
 	

By:	

/s/  DEREK R. MCCLAIN      
 Name: Derek R. McClain

Title: Executive Vice President

Guarantor/Pledgor Signature Page to First Amendment

 
 

SCHEDULE 1    
    

	1.
	TC
Houston, Inc.

	2.
	TCCT
Real Estate, Inc.

	3.
	TCDFW, Inc.

	4.
	Trammell
Crow Services, Inc.

	5.
	Trammell
Crow NW, Inc.

	6.
	TCC
Risk Services, Inc. 

Schedule 1 to Trammell Crow Company First Amendment Guarantor/Pledgor Signature Page

QuickLinks

Exhibit 10.1

FIRST AMENDMENT OF CREDIT AGREEMENT

R E C I T A L S

SIGNATURE PAGE TO FIRST AMENDMENT OF CREDIT AGREEMENT EXECUTED BY TRAMMELL CROW COMPANY, AS BORROWER, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT AND ISSUING BANK, AND THE LENDERS DEFINED THEREIN

SIGNATURE PAGE TO FIRST AMENDMENT OF CREDIT AGREEMENT EXECUTED BY TRAMMELL CROW COMPANY, AS BORROWER, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT AND ISSUING BANK, AND THE LENDERS DEFINED THEREIN

SIGNATURE PAGE TO FIRST AMENDMENT OF CREDIT AGREEMENT EXECUTED BY TRAMMELL CROW COMPANY, AS BORROWER, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT AND ISSUING BANK, AND THE LENDERS DEFINED THEREIN

SIGNATURE PAGE TO FIRST AMENDMENT OF CREDIT AGREEMENT EXECUTED BY TRAMMELL CROW COMPANY, AS BORROWER, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT AND ISSUING BANK, AND THE LENDERS DEFINED THEREIN

SIGNATURE PAGE TO FIRST AMENDMENT OF CREDIT AGREEMENT EXECUTED BY TRAMMELL CROW COMPANY, AS BORROWER, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT AND ISSUING BANK, AND THE LENDERS DEFINED THEREIN

SIGNATURE PAGE TO FIRST AMENDMENT OF CREDIT AGREEMENT EXECUTED BY TRAMMELL CROW COMPANY, AS BORROWER, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT AND ISSUING BANK, AND THE LENDERS DEFINED THEREIN

SIGNATURE PAGE TO FIRST AMENDMENT OF CREDIT AGREEMENT EXECUTED BY TRAMMELL CROW COMPANY, AS BORROWER, BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT AND ISSUING BANK, AND THE LENDERS DEFINED THEREIN

SCHEDULE 1Exhibit 4.1(g)  

        EXECUTION COPY  

 FIRST AMENDMENT  

        THIS FIRST AMENDMENT, dated as of August 16, 2004 (this "First Amendment"), is among AMC
ENTERTAINMENT INC., a Delaware corporation (the "Borrower") and the Lenders (as defined below) signatories hereto. 

W I T N E S S E T H:  

        WHEREAS, the Borrower, certain financial institutions from time to time parties thereto (collectively, the
"Lenders"), The Bank of Nova Scotia as administrative agent for the Lenders (the "Administrative
Agent"), Bank of America N.A. as syndication agent (the "Syndication Agent") and Citicorp North America, Inc. and
General Electric Capital Corporation as co-documentation agents (the "Co-Documentation Agents") are parties to the Second Amended and Restated Credit
Agreement, dated as of March 26, 2004 (as further amended, supplemented, amended and restated or otherwise modified prior to the date hereof, the "Existing Credit
Agreement"); 

        WHEREAS,
the Borrower has requested that the Lenders amend the Existing Credit Agreement in certain respects, as described below; and 

        WHEREAS,
the Lenders have agreed, subject to the terms and conditions set forth herein, to amend the Existing Credit Agreement as set forth below (the Existing Credit Agreement, as
amended by this Amendment, being referred to as the "Credit Agreement"); 

        NOW,
THEREFORE, in consideration of the agreements herein contained, and for other valuable consideration receipt of which is hereby acknowledged, the parties hereto hereby agree as
follows. 

PART I

DEFINITIONS  

        SUBPART
1.1.    Definitions.    The following terms (whether or not underscored) when used in this First Amendment
shall have the following meanings (such meanings to be equally applicable to the singular and plural form thereof): 

        "Borrower" is defined in the preamble. 

        "Credit Agreement" is defined in the third recital. 

        "Existing Credit Agreement" is defined in the first recital. 

        "First Amendment" is defined in the preamble. 

        SUBPART
1.2.    Other Definitions.    Terms for which meanings are provided in the Existing Credit Agreement are,
unless otherwise defined herein or the context otherwise requires, used in this First Amendment with such meanings. 

PART II

AMENDMENTS TO THE

EXISTING CREDIT AGREEMENT  

        The Existing Credit Agreement is hereby amended in accordance with this Part. 

        SUBPART
2.1.    Amendments to Article I.    Article I of the Existing Credit Agreement is hereby amended as follows: 

        SUBPART
2.1.1. Section 1.1 of the Existing Credit Agreement is hereby amended by inserting the following definitions in such Section in the appropriate alphabetical sequence: 

 

"First Amendment" means the First Amendment, dated as of August 16, 2004, to this Agreement, among the Borrower and the Lenders parties thereto. 

        SUBPART
2.1.2. The definition of "Letter of Credit Commitment Amount" set forth in Section 1.1 of the Existing Credit Agreement is hereby amended and restated in its entirety as
follows: 

"Letter of Credit Commitment Amount" means initially, $45,000,000, as such amount may be reduced pursuant to this Agreement." 

PART III

CONDITIONS TO EFFECTIVENESS  

        This First Amendment shall become effective as of August 16, 2004, the date that the Administrative Agent shall have received counterparts of this First
Amendment duly executed and delivered on behalf of the Borrower and the Required Lenders. 

PART IV

MISCELLANEOUS PROVISIONS  

        SUBPART
4.1.    Cross-References.    References in this First Amendment to any Part or Subpart are, unless otherwise
specified, to such Part or Subpart of this First Amendment. 

        SUBPART
4.2.    Loan Document Pursuant to Existing Credit Agreement.    This First Amendment is a Loan Document
executed pursuant to the Existing Credit Agreement and shall be construed, administered and applied in accordance with all of the terms and provisions of the Existing Credit Agreement. 

        SUBPART
4.3.    Successors and Assigns.    This First Amendment shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns. 

        SUBPART
4.4.    Full Force and Effect; Limited Amendment.    Except as expressly amended hereby, all of the
representations, warranties, terms, covenants, conditions and other provisions of the Existing Credit Agreement and the Loan Documents shall remain unchanged and shall continue to be, and shall
remain, in full force and effect in accordance with their respective terms. The amendments set forth herein shall be limited precisely as provided for herein to the provisions expressly amended herein
and shall not be deemed to be an amendment to, waiver of, consent to or modification of any other term or provision of the Existing Credit Agreement, any other Loan Document referred to therein or
herein or of any transaction or further or future action on the part of the Borrower or any Loan Party which would require the consent of the Lenders under the Existing Credit Agreement or any of the
Loan Documents. 

        SUBPART
4.5.    Governing Law.    THIS FIRST AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE
UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING FOR SUCH PURPOSES SECTION 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF
NEW YORK). 

        SUBPART
4.6.    Payment of Fees and Expenses.    The Borrower hereby agrees to pay and reimburse the Administrative
Agent for all its reasonable fees and expenses incurred in connection with the negotiation, preparation, execution and delivery of this First Amendment and related documents, including all reasonable
fees and disbursements of counsel to the Administrative Agent. 

        SUBPART
4.7.    Execution in Counterparts.    This First Amendment may be executed in any number of counterparts
(including by way of facsimile) by the parties hereto, each of which counterparts when so executed shall be an original, but all the counterparts shall together constitute one and the same agreement. 

2

 

        SUBPART
4.8.    Headings.    The various headings of this First Amendment are inserted for convenience only and shall
not affect the meaning or interpretation of this First Amendment or any provision hereunder. 

        SUBPART
4.9.    Representations and Warranties.    In order to induce the Lenders to execute and deliver this First
Amendment the Borrower hereby represents and warrants to the Lenders that on the date hereof, after giving effect to the First Amendment, all of the statements set forth in Section 6.2.1 of the
Existing Credit Agreement are true and correct. 

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

	 	 	AMC ENTERTAINMENT INC.
	

 	
 	

By	
 	

/s/  CRAIG R. RAMSEY      
 Title: Executive Vice President and CFO

	

 	
 	

THE BANK OF NOVA SCOTIA
	

 	
 	

By	
 	

/s/  JOSE B. CARLOS      
 Name: Jose B. Carlos

Title:  Authorized Signatory
	

 	
 	

CRÉDIT INDUSTRIEL ET COMMERCIAL
	

 	
 	

By	
 	

/s/  ANTHONY ROCK      
 Name: Anthony Rock

Title:  Vice President
	

 	
 	

By	
 	

/s/  MARCUS EDWARD      
 Name: Marcus Edward

Title:  Vice President
	

 	
 	

CITICORP NORTH AMERICA, INC.
	

 	
 	

By	
 	

/s/  ALLEN FISHER      
 Title:  Vice President

3

 

	

 	
 	

UNION BANK OF CALIFORNIA, N.A.
	

 	
 	

By	
 	

/s/  RICHARD VIAN      
 Title:  Assistant Vice President
	

 	
 	

GENERAL ELECTRIC CAPITAL CORPORATION
	

 	
 	

By	
 	

/s/  W. JEROME MCDERMOTT      
 Title:  Duly Authorized Signatory
	

 	
 	

BANK OF AMERICA, N.A.
	

 	
 	

By	
 	

/s/  GABRIELA MILLHORN      
 Title:  Principal

4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}]]