Document:

Waiver No. 1 Credit Agreement

 Exhibit 10.1 
 EXECUTION COPY 
 WAIVER NO. 1 
 Dated as of January 15, 2009 
 to 
 CREDIT AGREEMENT 
 Dated as of August 17,
2007 
 THIS WAIVER NO. 1 (“Waiver”) is made as of January 15, 2009 by and among YRC Worldwide Inc. (the
“Company”), the Canadian Borrower and the UK Borrower (together with the Company, the “Borrowers”), the financial institutions listed on the signature pages hereof and JPMorgan Chase Bank, National Association, as
Administrative Agent (the “Administrative Agent”), under that certain Credit Agreement dated as of August 17, 2007 by and among the Borrowers from time to time party thereto, the Lenders and the Administrative Agent (as
amended, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement.

 WHEREAS, the Company has requested that the Lenders and the Administrative Agent agree to certain waivers in respect of the Credit
Agreement; and 
 WHEREAS, the Lenders party hereto and the Administrative Agent have agreed to such waivers on the terms and conditions set
forth herein; 
 NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrowers, the Lenders party hereto and the Administrative Agent have agreed to enter into this Waiver. 
 1. Waivers. 
 (a) The Company has
informed the Lenders that, as a result of the Company’s failure to comply with the provisions of Section 2.12(e) of the Credit Agreement requiring a mandatory prepayment of the Term Loans in an amount equal to approximately
$38,600,000, an Event of Default has occurred under clause (a) of Article VII of the Credit Agreement (such failure, the “Payment Event of Default”). 
 (b) The Company has requested that the Lenders waive any Default or Event of Default which has arisen or may arise under clause (d) of
Article VII of the Credit Agreement as a result of the Borrower’s failure to comply with the financial covenants contained in Sections 6.07(a) and 6.07(b) of the Credit Agreement with respect to the fiscal year of the
Company ending on or about December 31, 2008 (such failure, the “Financial Covenant Defaults”). 
 (c)The Company has
requested that the Lenders waive any Default or Event of Default which has arisen or may arise under clause (c) of Article VII of the Credit Agreement as a result of representations or warranties made or deemed made by or on
behalf of any Borrower or any Subsidiary in connection with any Loan Document or in any report, certificate or other document furnished pursuant to or in connection with any Loan Document proving to have been incorrect in any material respect when
made or deemed 

 
made solely as a result of the Payment Event of Default, the Financial Covenant Defaults and/or the Cross Default (as defined below) or related to the
Representation Waivers (as defined below) (such failure, the “Representation Default”). 
 (d) The Company has requested
that the Lenders waive any Default or Event of Default arising under clause (g) of Article VII of the Credit Agreement as a result of the existence of a Servicer Default (as defined in the Yellow Receivables Facility) arising
solely as a result of the Payment Event of Default, the Financial Covenant Defaults and/or the Representation Default (such cross default, the “Cross Default” and together with the Payment Event of Default, the Financial Covenant
Defaults and the Representation Default, the “Specified Defaults”). 
 (e) The Company has requested that the Lenders waive
the provisions of Section 3.04(b) of the Credit Agreement (other than any representation or warranty of the provisions of Section 3.04(b) of the Credit Agreement made after the date of this Waiver solely for the period
commencing on September 30, 2008) in respect of any representations or warranties made or deemed made by or on behalf of any Borrower or any Subsidiary prior to, on or after the date hereof in connection with any Loan Document or in any report,
certificate or other document furnished pursuant to or in connection with any Loan Document (such limited waiver, the “3.04(b) Representation Waiver”). 
 (f) The Company has requested that the Lenders waive the provisions of Section 3.07 of the Credit Agreement solely in connection with (i) that certain Master Lease Agreement, dated as of
January 17, 2008, by and among RBS Asset Finance, any other lessors or creditors thereunder from time to time party thereto and certain of the Loan Parties, including all exhibits, schedules, annexes and assignments in respect thereof (as
amended, supplemented or otherwise modified from time to time, collectively, the “RBS Lease”) and (ii) that certain Master Equipment Lease Agreement, dated as of August 6, 2001, by and among Banc of America
Leasing & Capital, LLC, any other lessors or creditors thereunder from time to time party thereto and certain of the Loan Parties, including all exhibits, schedules, annexes and assignments in respect thereof (as amended, supplemented or
otherwise modified from time to time, collectively, the “BofA Lease”), in respect of any representations or warranties made or deemed made by or on behalf of any Borrower or any Subsidiary prior to, on or after the date hereof in
connection with any Loan Document or in any report, certificate or other document furnished pursuant to or in connection with any Loan Document (such limited waiver, the “3.07 Representation Waiver”; and together with the 3.04(b)
Representation Waiver, the “Representation Waivers”). 
 (g) The Company has requested that the Lenders waive the provisions
of Section 2.12(e) of the Credit Agreement solely in respect of the Net Cash Proceeds received by the Company or any of its Domestic Subsidiaries from the consummation of the Specified Sale and Leaseback Transaction; provided that
such waiver shall only apply to the Net Cash Proceeds of the Specified Sale and Leaseback Transaction and shall in no event apply to any such Net Cash Proceeds in excess of $150,000,000 (such waiver, the “Specified Prepayment
Waiver”). 
 (h) As used in this Waiver, the “Specified Sale and Leaseback Transaction” means the sale and
simultaneous lease back of approximately thirty-two operating warehouse facilities owned by the Company and located throughout the United States pursuant to the terms of that certain Real Estate Sales Contract dated December 19, 2008 by NATMI
Truck Terminals, LLC and the Company, as in effect on the date hereof and without giving effect to any amendment, waiver or other modification thereto which is in any manner adverse to any Lender (including, without limitation, in respect of the
purchase price thereunder, the number of parcels of real estate subject thereto and the interest rate in respect of the obligations thereunder). 
  

 2 

 (i) As used in this Waiver, a “Disposition” means any “Asset Sale” (as defined
in the Credit Agreement) and any sales or other dispositions of obsolete, uneconomic or worn-out assets (including trucks, tractors, tires, trailers or terminals and related equipment and real property and related fixtures). To the extent used in
this Waiver, the term “Net Cash Proceeds” shall have the meaning ascribed thereto in the Credit Agreement but shall apply equally to “Dispositions” (as defined herein). 
 (j) As used in this Waiver, the “Waiver Termination Date” means the earliest of: 
 (i) the date on which any Default or Event of Default (other than the Specified Defaults and the Representation Waivers) occurs under the
Credit Agreement, 
 (ii) the date on which the Company or any of its Subsidiaries shall, directly or indirectly, make (or
give any notice in respect thereof) any voluntary or optional payment or prepayment on or redemption or acquisition for value of, or any prepayment or redemption as a result of any asset sale, change of control or similar event of, any Indebtedness
for borrowed money other than Indebtedness outstanding under the Credit Agreement, the Yellow Receivables Facility, any Indebtedness owing from the Company or any Subsidiary to any Loan Party or any Indebtedness owing from any Subsidiary that is not
a Loan Party to any other Subsidiary that is not a Loan Party, 
 (iii) the date on which the Company or any of its
Subsidiaries incurs after the date hereof any Indebtedness other than (A) Indebtedness under the Credit Agreement, (B) Indebtedness under the Yellow Receivables Facility, (C) Indebtedness under the Specified Sale and Leaseback
Transaction, (D) Indebtedness of any Domestic Subsidiary owed to the Company or another Domestic Subsidiary, (E) Indebtedness of any Foreign Subsidiary owed to the Company or any other Loan Party in the ordinary course of business and
consistent with past practices in an aggregate principal amount for all such Indebtedness under this clause (E) not to exceed $10,000,000 (provided that to the extent such Indebtedness shall be evidenced by a note or other instrument,
such note or other instrument is delivered to the Administrative Agent in accordance with the terms and conditions of the Collateral Documents), (F) Indebtedness of any Subsidiary that is not a Loan Party owed to any other Subsidiary that is
not a Loan Party or (G) other Indebtedness in an aggregate principal amount for all such Indebtedness under this clause (G) not to exceed $30,000,000, 
 (iv) the date on which the Company or any of its Subsidiaries makes any Restricted Payment other than Restricted Payments permitted by
clauses (a), (b) and (c) of Section 6.10 of the Credit Agreement, 
 (v) the date
on which the Company or any of its Subsidiaries incurs after the date hereof Liens permitted by clause (m) of Section 6.02 of the Credit Agreement securing Indebtedness (other than Indebtedness under the Specified Sale and
Leaseback Transaction) in an aggregate amount in excess of $30,000,000, 
 (vi) the date on which the Company or any of its
Subsidiaries makes any Acquisition, 
 (vii) the date on which the Company or any of its Subsidiaries shall consummate any
Disposition (other than the Specified Sale and Leaseback Transaction or any Disposition of rolling stock owned by the Company or any Subsidiary Guarantor) in respect of any asset or assets, (A) the aggregate fair market value of which, when
combined with the fair market value of all other assets sold pursuant to Dispositions (other than the Specified Sale and Leaseback Transaction or any 

  

 3 

 
Disposition of rolling stock owned by the Company or any Subsidiary Guarantor) from January 15, 2009 through and including February 17, 2009, shall
exceed $30,000,000 and (B) with respect to which, the Company has not provided to the Administrative Agent, prior to such consummation, a certificate of a Financial Officer certifying that (1) the fair market value of all property disposed
of in such Disposition, when aggregated with any other Dispositions consummated during the period beginning January 15, 2009 through and including the date of such Disposition, shall not exceed $30,000,000 and (2) no Default or Event of
Default has occurred and is continuing (after giving effect to this Waiver) prior to making such Disposition or would arise after giving effect (including pro forma effect reasonably acceptable to the Administrative Agent) thereto, such certificate
to include any calculations in respect thereof reasonably requested by the Administrative Agent; provided that such a certificate shall only be required in connection with (a) any sale of an asset (or series of related sales of assets)
the aggregate fair market value of which exceeds $10,000 and (b) any sale of assets the aggregate fair market value of which, when combined with the fair market value of all other assets sold pursuant to Dispositions (other than the Specified
Sale and Leaseback Transaction or any Disposition of rolling stock owned by the Company or any Subsidiary Guarantor) from January 15, 2009 through and including February 17, 2009, shall exceed $1,000,000, 
 (viii) the date on which the Company or any of its Domestic Subsidiaries shall reinvest any Net Cash Proceeds of any Dispositions (other
than (A) the Net Cash Proceeds of the Specified Sale and Leaseback Transaction in an amount not to exceed $150,000,000 and (B) the Net Cash Proceeds of any Dispositions in respect of rolling stock owned by the Company or any Subsidiary
Guarantor in an aggregate amount not to exceed $6,000,000) to acquire or repair assets to be used in the business of the Company and its Domestic Subsidiaries or to acquire any other asset, 
 (ix) the date on which the Company or any of its Domestic Subsidiaries shall consummate any Disposition for less than 100% cash
consideration, 
 (x) the Business Day immediately following the date of the receipt of any Net Cash Proceeds in respect of
any Disposition (including, without limitation, the Specified Sale and Leaseback Transaction) on such Business Day the Company or any of its Subsidiaries fails to deposit 100% of the Net Cash Proceeds of such Disposition into a deposit account
maintained with the Administrative Agent, 
 (xi) the date on which the Company or any of its Subsidiaries fails to maintain
on deposit in each such account referred to in the preceding clause (x) an amount equal to at least (A) the aggregate amount of Net Cash Proceeds (other than (A) the Net Cash Proceeds of the Specified Sale and Leaseback
Transaction in an amount not to exceed $150,000,000 and (B) the Net Cash Proceeds of any Dispositions in respect of rolling stock owned by the Company or any Subsidiary Guarantor in an aggregate amount not to exceed $6,000,000) deposited
therein, minus (B) the aggregate amount of such Net Cash Proceeds used to make a permanent repayment of the Term Loans pursuant to the terms and conditions of Section 2.12(a) of the Credit Agreement, minus (C) the
aggregate amount of such Net Cash Proceeds used to make a permanent prepayment of the Term Loans pursuant to the succeeding clause (xii) in accordance with the terms and conditions of Section 2.12 of the Credit Agreement,
minus (D) the aggregate amount of any such Net Cash Proceeds used to pay any fees under or in connection with this Waiver, the Yellow Receivables Facility, the Credit Agreement or any other Loan Document in an aggregate amount not to
exceed $10,000,000, 
  

 4 

 (xii) the date that is three (3) Business Days following the receipt by the Company
or any Subsidiary Guarantor of any Net Cash Proceeds of any Dispositions in respect of rolling stock owned by the Company or any Subsidiary Guarantor which, when combined with the fair market value of all other rolling stock sold pursuant to
Dispositions from January 15, 2009 through and including February 17, 2009, exceed $6,000,000 and the excess of such Net Cash Proceeds over $6,000,000 has not been used to make a permanent prepayment of the Term Loans in accordance with
the terms and conditions of Section 2.12 of the Credit Agreement; provided that, until such excess (at any time during the period from January 15, 2009 through and including February 17, 2009) equals $1,000,000, no such
prepayment is required to be made, 
 (xiii) the date after January 15, 2009 on which the Company and the Subsidiary
Guarantors maintain an aggregate amount of cash and cash equivalents constituting Collateral in excess of $10,000,000 on deposit with any financial institution other than the Administrative Agent, 
 (xiv) the date after January 22, 2009 (or such later date as may be agreed upon by the Administrative Agent in its sole discretion)
on which the Vehicle Title Custodian (as defined below) is not in possession of at least 50,000 certificates of title with respect to the rolling stock owned by the Company and the Subsidiary Guarantors; provided that the Company and the
Subsidiary Guarantors will use commercially reasonable efforts to deliver such certificates of title in advance of such date, 
 (xv) the date after January 29, 2009 (or such later date as may be agreed upon by the Administrative Agent in its sole discretion) on which the Vehicle Title Custodian is not in possession of all certificates of title with respect to
the rolling stock owned by the Company and the Subsidiary Guarantors; provided that the Company and the Subsidiary Guarantors will use commercially reasonable efforts to deliver such certificates of title in advance of such date; and
provided, further that the Company shall not be deemed in violation of this clause (xv) if 100 (or such larger number as may be agreed upon by the Administrative Agent in its sole discretion) or fewer of such titles are not
in possession of the Vehicle Title Custodian by such date, 
 (xvi) the date on which the Company (or any other Borrower)
makes a request for any Loan, any Borrowing or any Acceptance under the Credit Agreement other than a Loan made pursuant to and in accordance with the terms and conditions of Section 2.06(e) of the Credit Agreement to finance a payment
owing by the Company or any other Borrower in respect of any unpaid LC Disbursement, 
 (xvii) the date on which any default
or event of default (or terms of like import) (other than any such default or event of default arising solely as a result of the Specified Defaults and the Representation Waivers) shall occur under either of the RBS Lease or the BofA Lease,

 (xviii) the date on which the aggregate settlement or other amount paid by the Company or any Subsidiary Guarantor after
January 14, 2009 to satisfy or otherwise support obligations under the RBS Lease and/or the BofA Lease, as applicable, either by repayment of obligations due to acceleration thereof or otherwise, and inclusive of any fee or other amount paid in
connection with any of the foregoing, to any lessors or other creditors who have exercised (or threatened to exercise) remedies, under either such lease (exclusive of any scheduled lease payments thereunder), as applicable, equals or exceeds
$30,000,000, 
 (xix) the date of any “Waiver Termination Date” under (and as defined in) the waiver, dated as of
the date hereof, in connection with the Yellow Receivables Facility, and 
  

 5 

 (xx) February 17, 2009. 
 (k) Subject to the satisfaction or waiver of the conditions precedent set forth in Section 3 below, the Lenders party hereto hereby:
(i) waive the Specified Defaults and (ii) agree to the Specified Prepayment Waiver and the Representation Waivers, in each case from the date hereof to and including the Waiver Termination Date after which date all such waivers and
agreements shall terminate, expire and become null and void with no further effect. 
 Pursuant to the provisions of
Section 11.02 of the Credit Agreement, except as set forth herein, no failure or delay by any Agent, any Issuing Bank or any Lender in exercising any right or power under the Credit Agreement or under any other Loan Document shall
operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any
other right or power. The rights and remedies of the Agents, the Issuing Banks and the Lenders under the Credit Agreement and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise
have. No waiver of any provision of any Loan Document or consent to any departure by any Borrower therefrom shall in any event be effective unless the same shall be permitted by Section 11.02(b) of the Credit Agreement, and then such
waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan, acceptance of a Draft or issuance of a Letter of Credit shall not be
construed as a waiver of any Default, regardless of whether any Agent, any Lender or any Issuing Bank may have had notice or knowledge of such Default at the time. All remedies contained in the Loan Documents or by law as a result of the Specified
Payment Event of Default or the Financial Covenant Defaults are hereby reserved on behalf of the Administrative Agent and the Lenders following the expiration of this Waiver. 
 2. Further Agreements. The Company hereby acknowledges and agrees that, from and after the date hereof: 
 (a) the Company shall pay (i) all reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including the reasonable
fees, charges and disbursements of no more than two counsel, and one additional local counsel in each applicable jurisdiction, for the Administrative Agent and its Affiliates, in connection with the administration of the Credit Agreement and the
other Loan Documents or any amendments, modifications or waivers of the provisions thereof (whether or not the transactions contemplated thereby shall be consummated) and (ii) all out-of-pocket expenses incurred by any Agent, any Issuing Bank
or any Lender, including the fees, charges and disbursements of no more than two counsel, and one additional local counsel in each applicable jurisdiction, for the Agents, the Issuing Bank(s) and the Lenders, in connection with the enforcement or
protection of its rights in connection with any Loan Document, including its rights under Section 11.03(a) of the Credit Agreement, or in connection with the Loans made, Acceptances accepted or Letters of Credit issued under the Credit
Agreement, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans, Acceptances or Letters of Credit. 
 (b) the Company shall reimburse the Administrative Agent for all invoiced reasonable fees, charges, disbursements and out-of-pocket expenses of any
financial advisor firm engaged by or on behalf of the Administrative Agent in the Administrative Agent’s sole discretion in connection with the Credit Agreement in the same manner as set forth in Section 11.03(a) and (e) of the
Credit Agreement; 
 (c) the Company shall reimburse the Administrative Agent for all invoiced reasonable fees, charges, disbursements and

  

 6 

 
out-of-pocket expenses of a custodian reasonably acceptable to the Administrative Agent in connection with the Credit Agreement and the Loan Documents to
perfect the liens on (and monitor the ongoing status of and services related thereto) the rolling stock owned by the Company and the Subsidiary Guarantors (the “Vehicle Title Custodian”) in the same manner as set forth in
Section 11.03(a) and (e) of the Credit Agreement (and the Lenders hereby reaffirm their obligation to reimburse the Administrative Agent for any such amount that is not paid by the Company in the same manner as set forth in
Section 11.03(c) of the Credit Agreement); 
 (d) the parties hereto agree that, from and after the date hereof, the Company
shall have no right to request any increase of the Commitments or additional Commitments or Loans under Section 2.10 of the Credit Agreement; and 
 (e) the terms and conditions of this Section 2 shall survive the termination of this Waiver and shall remain in full force and effect regardless of the consummation of the transactions contemplated by the
Credit Agreement, the repayment of the Loans, the expiration or termination of the Letters of Credit, the Acceptances and the Commitments or the termination of the Credit Agreement or any other Loan Document or any provision thereof. 
 3. Conditions of Effectiveness. The effectiveness of this Waiver is subject to the satisfaction or waiver of the conditions precedent that
(a) the Administrative Agent shall have received (i) counterparts of this Waiver duly executed by the Borrowers, the Required Lenders and the Administrative Agent, (ii) the Consent and Reaffirmation attached hereto duly executed by
the Subsidiary Guarantors and (iii) evidence reasonably satisfactory to it that, on or prior to the date hereof, a waiver of similar substance to this Waiver has been entered into in respect the Yellow Receivables Facility (subject only to
effectiveness of this Waiver), (b) the Company shall have paid all fees and invoiced reasonable out-of-pocket expenses of the Administrative Agent (including, to the extent invoiced, reasonable attorneys’ fees and expenses of up to two
counsel) in connection with this Waiver and the other Loan Documents, (c) the Company shall have engaged the Vehicle Title Custodian, on terms and conditions reasonably satisfactory to the Administrative Agent, as the service provider to
perfect the liens on (and monitor the ongoing status of and services related thereto) the rolling stock owned by the Company and the Subsidiary Guarantors and (d) the Administrative Agent shall have received for the account of each Lender which
delivers its executed signature page hereto by such time as is requested by the Administrative Agent, a waiver fee equal to 0.50% of such Lender’s Revolving Commitment and the amount of such Lender’s outstanding Term Loans. 
 4. Representations and Warranties of the Borrowers. Each Borrower hereby represents and warrants as follows: 
 (a) This Waiver and the Credit Agreement, as modified hereby, constitute legal, valid and binding obligations of such Borrower and are enforceable against
such Borrower in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether
considered in a proceeding in equity or at law. 
 (b) As of the date hereof and giving effect to the terms of this Waiver, (i) no
Default shall have occurred and be continuing and (ii) the representations and warranties of the Borrowers set forth in the Credit Agreement, as modified hereby, are true and correct in all material respects on and as of the date hereof, except
to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct in all material respects on and as of such earlier date. 
  

 7 

 5. Reference to and Effect on the Credit Agreement. 
 (a) Upon the effectiveness hereof, each reference to the Credit Agreement in the Credit Agreement or any other Loan Document shall mean and be a reference
to the Credit Agreement as modified hereby. 
 (b) Except as specified above, the Credit Agreement and all other documents, instruments and
agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed. 
 (c) Except as specified above, the execution, delivery and effectiveness of this Waiver shall not operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute a waiver of any provision of the
Credit Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith. 
 6. Governing
Law. This Waiver shall be construed in accordance with and governed by the law of the State of New York. 
 7. Headings. Section
headings in this Waiver are included herein for convenience of reference only and shall not constitute a part of this Waiver for any other purpose. 
 8. Counterparts. This Waiver may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.
Signatures delivered by facsimile or PDF shall have the same force and effect as manual signatures delivered in person. 
 [Signature Pages
Follow] 
  

 8 

 IN WITNESS WHEREOF, this Waiver has been duly executed as of the day and year first above written.

  

			
	YRC WORLDWIDE INC., as the Company
		
	By:	 	 /s/ Timothy A. Wicks

	Name:	 	Timothy A. Wicks
	Title:	 	Executive Vice President and Chief Executive Officer
	
	REIMER EXPRESS LINES LTD./REIMER EXPRESS LTEE, as a Canadian Borrower
		
	By:	 	 /s/ Kenneth P. Bowman

	Name:	 	Kenneth P. Bowman
	Title:	 	Vice President - Finance
	
	YRC LOGISTICS LIMITED, as a UK Borrower
		
	By:	 	 /s/ Darren Williams

	Name:	 	Darren Williams
	Title:	 	Director

 Signature Page to Waiver No. 1 
 YRC Worldwide Inc. et al 
 Credit Agreement dated as of August 17, 2007 

			
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent, as a US Tranche Lender and as US Tranche Swingline Lender
		
	By:	 	 /s/ Robert P. Kellas

	Name:	 	Robert P. Kellas
	Title:	 	Executive Director
	
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, TORONTO BRANCH, as Canadian Agent, as a Canadian Tranche Lender and as Canadian Tranche Swingline Lender
		
	By:	 	 /s/ Drew McDonald

	Name:	 	Drew McDonald
	Title:	 	Executive Director
	
	J.P. MORGAN EUROPE LIMITED, as UK Agent
		
	By:	 	 /s/ Ching Loh

	Name:	 	Ching Loh
	Title:	 	Associate
	
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, LONDON BRANCH, as a UK Tranche Lender and as UK Tranche Swingline Lender
		
	By:	 	 /s/ Robert P. Kellas

	Name:	 	Robert P. Kellas
	Title:	 	Executive Director

 Signature Page to Waiver No. 1 
 YRC Worldwide Inc. et al 
 Credit Agreement dated as of August 17, 2007 

			
	BANK OF AMERICA, N.A., as a Syndication Agent and as a US Tranche Lender
		
	By:	 	 /s/ F.A. Zagar

	Name:	 	F.A. Zagar
	Title:	 	Senior Vice President
	
	BANK OF AMERICA, N.A. (CANADA BRANCH), as a Canadian Tranche Lender
		
	By:	 	 /s/ Clara McGibbon

	Name:	 	Clara McGibbon
	Title:	 	A.V.P.
	
	SUNTRUST BANK, as a Syndication Agent and as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	US BANK NATIONAL ASSOCIATION, as a Documentation Agent, as a US Tranche Lender and as a Canadian Tranche Lender
		
	By:	 	 /s/ Michael J. Reymann

	Name:	 	Michael J. Reymann
	Title:	 	Senior Vice President
	
	WACHOVIA BANK, NATIONAL ASSOCIATION, as a Documentation Agent, as a US Tranche Lender and as a UK Tranche Lender
		
	By:	 	 /s/ Andrew G. Payne

	Name:	 	Andrew G. Payne
	Title:	 	Director

 Signature Page to Waiver No. 1 
 YRC Worldwide Inc. et al 
 Credit Agreement dated as of August 17, 2007 

			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., CHICAGO BRANCH, as a Documentation Agent and as a US Tranche Lender
		
	By:	 	 /s/ David Noda

	Name:	 	David Noda
	Title:	 	Vice President & Manager
	
	THE ROYAL BANK OF SCOTLAND plc, as a US Tranche Lender and as a UK Tranche Lender
		
	By:	 	 /s/ L. Peter Yetman

	Name:	 	L. Peter Yetman
	Title:	 	Senior Vice President
	
	 BMO CAPITAL MARKETS FINANCING, INC.,
 as a
US Tranche Lender

		
	By:	 	 /s/ Jason M. Clary

	Name:	 	Jason M. Clary
	Title:	 	Vice President
	
	BANK OF MONTREAL, as a Canadian Tranche Lender
		
	By:	 	 /s/ Lawrence A. Mizera

	Name:	 	Lawrence A. Mizera
	Title:	 	Managing Director

 Signature Page to Waiver No. 1 
 YRC Worldwide Inc. et al 
 Credit Agreement dated as of August 17, 2007 

			
	SUMITOMO MITSUI BANKING CORPORATION, as a US Tranche Lender
		
	By:	 	 /s/ Leo E. Pagarigan

	Name:	 	Leo E. Pagarigan
	Title:	 	General Manager
	
	UMB BANK, n.a., as a US Tranche Lender
		
	By:	 	 /s/ David A. Proffitt

	Name:	 	David A. Proffitt
	Title:	 	Senior Vice President
	
	TAIWAN BUSINESS BANK, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD., NEW YORK BRANCH, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	TAIPEI FUBON COMMERCIAL BANK, NEW YORK AGENCY, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	HUA NAN COMMERCIAL BANK, LTD., LOS ANGELES BRANCH, as a US Tranche Lender
		
	By:	 	 /s/ Oliver C.H. Hsu

	Name:	 	Oliver C.H. Hsu
	Title:	 	VP & General Manager

 Signature Page to Waiver No. 1 
 YRC Worldwide Inc. et al 
 Credit Agreement dated as of August 17, 2007 

			
	HUA NAN COMMERCIAL BANK, LTD., NEW YORK AGENCY, as a US Tranche Lender
		
	By:	 	 /s/ Chi-Ming Huang

	Name:	 	Chi-Ming Huang
	Title:	 	Vice President & General Manager
	
	BANK OF COMMUNICATIONS CO., LTD., NEW YORK BRANCH, as a US Tranche Lender
		
	By:	 	 /s/ Shelley He

	Name:	 	Shelley He
	Title:	 	Deputy General Manager
	
	CHANG HWA COMMERCIAL BANK, LTD., NEW YORK BRANCH, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	FIRST COMMERCIAL BANK, LOS ANGELES BRANCH, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	

 Signature Page to Waiver No. 1 
 YRC Worldwide Inc. et al 
 Credit Agreement dated as of August 17, 2007 

 CONSENT AND REAFFIRMATION 
 Each of the undersigned hereby acknowledges receipt of a copy of the foregoing Waiver No. 1 to the Credit Agreement dated as of August 17, 2007 (as the same may be amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”) by and among YRC Worldwide Inc. (the “Company”), the Canadian Borrower and the UK Borrower from time to time party thereto (together with the Company,
the “Borrowers”), the financial institutions from time to time party thereto (the “Lenders”) and JPMorgan Chase Bank, National Association, as Administrative Agent (the “Administrative Agent”),
which Waiver No. 1 is dated as of January 15, 2009 (the “Waiver”). Capitalized terms used in this Consent and Reaffirmation and not defined herein shall have the meanings given to them in the Credit Agreement. Without in
any way establishing a course of dealing by the Administrative Agent or any Lender, each of the undersigned consents to the Waiver and reaffirms the terms and conditions of the Subsidiary Guarantee Agreement, the Security Agreement and any other
Loan Document executed by it and acknowledges and agrees that such Subsidiary Guarantee Agreement , such Security Agreement and each and every such Loan Document executed by the undersigned in connection with the Credit Agreement remains in full
force and effect and is hereby reaffirmed, ratified and confirmed. All references to the Credit Agreement contained in the above referenced documents shall be a reference to the Credit Agreement as so modified by the Waiver and as the same may from
time to time hereafter be amended, modified or restated. 
 Dated: January 15, 2009 
 [Signature Pages Follows] 

			
	EXPRESS LANE SERVICE, INC.
		
	By:	 	 /s/ Phil J. Gaines

	Name:	 	Phil J. Gaines
	 Title:
	 	Senior Vice President and Chief Financial Officer
	
	GLOBE.COM LINES, INC.
		
	By:	 	 /s/ Brenda Stasiulis

	Name:	 	Brenda Stasiulis
	Title:	 	Vice President - Finance
	
	IMUA HANDLING CORPORATION
		
	By:	 	 /s/ Brenda Stasiulis

	Name:	 	Brenda Stasiulis
	Title:	 	Vice President - Finance
	
	NEW PENN MOTOR EXPRESS, INC.
		
	By:	 	 /s/ Paul F. Liljegren

	Name:	 	Paul F. Liljegren
	Title:	 	Vice President - Finance
	
	ROADWAY EXPRESS INTERNATIONAL, INC.
		
	By:	 	 /s/ Kenneth P. Bowman

	Name:	 	Kenneth P. Bowman
	Title:	 	Vice President - Finance and Administration
	
	ROADWAY LLC
		
	By:	 	 /s/ Kenneth P. Bowman

	Name:	 	Kenneth P. Bowman
	Title:	 	Vice President - Finance
	
	ROADWAY NEXT DAY CORPORATION
		
	By:	 	 /s/ Paul F. Liljegren

	Name:	 	Paul F. Liljegren
	Title:	 	Vice President - Finance

 Signature Page to Consent and Reaffirmation to Waiver No. 1 
 YRC Worldwide Inc. et al 
 Credit Agreement
dated as of August 17, 2007 

			
	ROADWAY REVERSE LOGISTICS, INC.
		
	By:	 	 /s/ Kenneth P. Bowman

	Name:	 	Kenneth P. Bowman
	Title:	 	Vice President - Finance
	
	USF BESTWAY INC.
		
	By:	 	 /s/ Paul F. Liljegren

	Name:	 	Paul F. Liljegren
	Title:	 	Vice President
	
	USF CANADA INC.
		
	By:	 	 /s/ Paul F. Liljegren

	Name:	 	Paul F. Liljegren
	Title:	 	Vice President
	
	USF DUGAN INC.
		
	By:	 	 /s/ Paul F. Liljegren

	Name:	 	Paul F. Liljegren
	Title:	 	Vice President
	
	USF GLEN MOORE INC.
		
	By:	 	 /s/ Paul F. Liljegren

	Name:	 	Paul F. Liljegren
	Title:	 	Vice President - Finance
	
	USF HOLLAND INC.
		
	By:	 	 /s/ Daniel L. Olivier

	Name:	 	Daniel L. Olivier
	Title:	 	Vice President - Finance
	
	USF LOGISTICS (MEXICO) INC.
		
	By:	 	 /s/ Brenda Stasiulis

	Name:	 	Brenda Stasiulis
	Title:	 	Vice President - Finance

 Signature Page to Consent and Reaffirmation to Waiver No. 1 
 YRC Worldwide Inc. et al 
 Credit Agreement
dated as of August 17, 2007 

			
	USF LOGISTICS SERVICES (PUERTO RICO) INC.
		
	By:	 	 /s/ Brenda Stasiulis

	Name:	 	Brenda Stasiulis
	Title:	 	Vice President - Finance
	
	USF MEXICO INC.
		
	By:	 	 /s/ Paul F. Liljegren

	Name:	 	Paul F. Liljegren
	Title:	 	Vice President
	
	USF REDSTAR LLC
		
	By:	 	 /s/ Paul F. Liljegren

	Name:	 	Paul F. Liljegren
	Title:	 	Vice President
	
	USF REDDAWAY INC.
		
	By:	 	 /s/ Thomas S. Palmer

	Name:	 	Thomas S. Palmer
	Title:	 	 Vice President - Finance and Chief Financial
 Officer

	
	USF SALES CORPORATION
		
	By:	 	 /s/ Paul F. Liljegren

	Name:	 	Paul F. Liljegren
	Title:	 	Vice President
	
	USF TECHNOLOGY SERVICES INC.
		
	By:	 	 /s/ Paul F. Liljegren

	Name:	 	Paul F. Liljegren
	Title:	 	Vice President
	
	USFREIGHTWAYS CORPORATION
		
	By:	 	 /s/ Paul F. Liljegren

	Name:	 	Paul F. Liljegren
	Title:	 	Vice President

 Signature Page to Consent and Reaffirmation to Waiver No. 1 
 YRC Worldwide Inc. et al 
 Credit Agreement
dated as of August 17, 2007 

			
	YRC ASSOCIATION SOLUTIONS, INC.
		
	By:	 	 /s/ Phil J. Gaines

	Name:	 	Phil J. Gaines
	Title:	 	Senior Vice President and Chief Financial Officer
	
	YRC ENTERPRISE SOLUTIONS GROUP INC.
		
	By:	 	 /s/ Terry Gerrond

	Name:	 	Terry Gerrond
	Title:	 	Vice President - Tax
	
	YRC INC.
		
	By:	 	 /s/ Kenneth P. Bowman

	Name:	 	Kenneth P. Bowman
	Title:	 	Vice President - Finance
	
	YRC INTERNATIONAL INVESTMENTS, INC.
		
	By:	 	 /s/ Brenda Stasiulis

	Name:	 	Brenda Stasiulis
	Title:	 	Vice President - Finance
	
	YRC LOGISTICS GLOBAL, LLC
		
	By:	 	 /s/ Brenda Stasiulis

	Name:	 	Brenda Stasiulis
	Title:	 	Vice President - Finance
	
	YRC LOGISTICS SERVICES, INC.
		
	By:	 	 /s/ Brenda Stasiulis

	Name:	 	Brenda Stasiulis
	Title:	 	Vice President - Finance
	
	YRC LOGISTICS, INC.
		
	By:	 	 /s/ Brenda Stasiulis

	Name:	 	Brenda Stasiulis
	Title:	 	Vice President - Finance

 Signature Page to Consent and Reaffirmation to Waiver No. 1 
 YRC Worldwide Inc. et al 
 Credit Agreement
dated as of August 17, 2007 

			
	YRC MORTGAGES, LLC
		
	By:	 	 /s/ Christina E. Wise

	Name:	 	Christina E. Wise
	Title:	 	President
	
	YRC NORTH AMERICAN TRANSPORTATION, INC.
		
	By:	 	 /s/ Kenneth P. Bowman

	Name:	 	Kenneth P. Bowman
	Title:	 	Senior Vice President - Finance
	
	YRC REGIONAL TRANSPORTATION, INC.
		
	By:	 	 /s/ Paul F. Liljegren

	Name:	 	Paul F. Liljegren
	Title:	 	Vice President - Finance
	
	YRC WORLDWIDE TECHNOLOGIES, INC.
		
	By:	 	 /s/ Christina E. Wise

	Name:	 	Christina E. Wise
	Title:	 	President

 Signature Page to Consent and Reaffirmation to Waiver No. 1 
 YRC Worldwide Inc. et al 
 Credit Agreement
dated as of August 17, 2007Limited Waiver and Second Amendment

 Exhibit 10.2 
 Execution Version 
 LIMITED WAIVER AND SECOND AMENDMENT TO THIRD AMENDED AND 
 RESTATED RECEIVABLES PURCHASE AGREEMENT 
 LIMITED WAIVER AND SECOND AMENDMENT TO THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT (this “Waiver and Amendment”) is entered into as of January 15, 2009, with respect to that certain
Third Amended and Restated Receivables Purchase Agreement, dated as of April 18, 2008 (as heretofore amended, modified or supplemented, the “RPA”), by and among (i) Yellow Roadway Receivables Funding Corporation, a
Delaware corporation (the “Seller”), (ii) YRC Worldwide Inc., a Delaware corporation (the “Performance Guarantor”), (iii) JPMorgan Chase Bank, N.A., SunTrust Bank, Wachovia Bank, National
Association, and The Royal Bank of Scotland plc as successor to ABN AMRO Bank, N.V. (each of the foregoing a “Committed Purchaser”), (iv) Falcon Asset Securitization Company LLC, Three Pillars Funding LLC and Amsterdam
Funding Corporation (each of the foregoing, a “Conduit”), (v) YRC Assurance Co. Ltd., an exempted company incorporated with limited liability under the laws of Bermuda, individually and as agent for itself (together with
its successors and permitted assigns and in such latter capacity, a “Co-Agent”), (vi) Wachovia Bank, National Association, as letter of credit issuer (the “LC Issuer”), (vii) SunTrust
Robinson Humphrey, Inc., Wachovia Bank, National Association, The Royal Bank of Scotland plc (as successor to ABN AMRO Bank, N.V.), and JPMorgan Chase Bank, N.A., as “Co-Agents,” and (viii) JPMorgan Chase Bank, N.A., as
administrative agent for the Groups (together with its successors and permitted assigns and in such capacity, the “Administrative Agent” and together with the Co-Agents, and their respective successors and permitted assigns,
the “Agents”). 
 W I T N E S S E T H: 
 WHEREAS, the Performance Guarantor believes that one or more Trigger Events may have occurred for the Test Period ending on
December 31, 2008 (such Servicer Default, the “Trigger Event of Default”); 
 WHEREAS,
the Performance Guarantor has informed the lenders party to the YRCW Credit Agreement (the “Lenders”) that, as a result of the Borrowers’ (as defined in the YRCW Credit Agreement) failure to comply with the
provisions of Section 2.12(e) of the YRCW Credit Agreement requiring a mandatory prepayment of the Term Loans (as defined in the YRCW Credit Agreement) in an amount equal to approximately $38,600,000, an Event of Default (as defined in
the YRCW Credit Agreement) has occurred under clause (a) of Article VII thereof (such failure, the “YRCW Payment Event of Default”); 
 WHEREAS, the Performance Guarantor has requested that the Lenders waive any Default (as defined in the YRCW Credit
Agreement) or Event of Default which has arisen or may arise under clause (d) of Article VII of the YRCW Credit Agreement as a result of the events giving rise to the Trigger Event of Default (the “Financial Covenant
Defaults”); 
 WHEREAS, the Performance Guarantor has also requested that the Lenders waive
(i) any Default or Event of Default which has arisen or may arise under (a) clauses (c) or (d) of Article VII of the YRCW Credit Agreement as a result of any 

 
representations or warranties made or deemed made by or on behalf of any Borrower or any Subsidiary in connection with any Loan Document (as defined in the
YRCW Credit Agreement) or in any report, certificate or other document furnished pursuant to or in connection with any Loan Document proving to have been incorrect in any material respect when made or deemed made solely as a result of (x) the
YRCW Payment Event of Default, (y) the Financial Covenant Defaults, or (z) the Cross Default (as hereinafter defined), (all of the foregoing Defaults or Events of Default being collectively referred to as the “Representation
Defaults”), and (b) clause (g) of Article VII of the YRCW Credit Agreement by virtue of any Servicer Default arising under the RPA by virtue of the YRCW Payment Event of Default, the Financial Covenant Defaults, the
Representation Defaults or the 3.04(b) Waiver (as defined below) (the “Cross Default”), (ii) the provisions of Section 3.07 of the YRCW Credit Agreement solely in connection with (A) that certain Master Lease
Agreement, dated as of January 17, 2008, by and among RBS Asset Finance, any other lessors or creditors thereunder from time to time party thereto and certain of the Loan Parties (as defined in the YRCW Credit Agreement), including all
exhibits, schedules, annexes and assignments in respect thereof (as amended, supplemented or otherwise modified from time to time, collectively, the “RBS Lease”) and (B) that certain Master Equipment Lease Agreement, dated as of
August 6, 2001, by and among Banc of America Leasing & Capital, LLC, any other lessors or creditors thereunder from time to time party thereto and certain of the Loan Parties (as defined in the YRCW Credit Agreement), including all
exhibits, schedules, annexes and assignments in respect thereof (as amended, supplemented or otherwise modified from time to time, collectively, the “BofA Lease”) as a result of any representations or warranties made or deemed made by or
on behalf of any Borrower or any Subsidiary in connection with any Loan Document (as defined in the YRCW Credit Agreement) or in any report, certificate or other document furnished pursuant to or in connection with any Loan Document (the “3.07
Waiver”) and (iii) the provisions of Section 3.04(b) of the YRCW Credit Agreement (other than any representation or warranty of the provisions of Section 3.04(b) of the YRCW Credit Agreement made after the date of this Waiver and
Amendment solely for the period commencing on September 30, 2008) (the “3.04(b) Waiver” and together with the YRCW Payment Event of Default, the Financial Covenant Defaults, the Cross Default, the 3.07 Waiver and the
Representation Defaults, the “Credit Agreement Defaults”); 
 WHEREAS, the Performance
Guarantor believes that certain Servicer Defaults may have arisen as a result of representations or warranties, made or deemed made by or on behalf of Seller in connection with the RPA or any Transaction Document or in any report, certificate or
other document furnished pursuant to or in connection with the RPA or any Transaction Document, proving to have been incorrect when made or deemed made or conditions to any Credit Event not being satisfied solely as a result of the Trigger Event of
Default or the existence of a Default or Event of Default pursuant to Section 7.1(h) of the RPA arising from the Credit Agreement Defaults (collectively, the “Other Servicer Defaults” and collectively with the Trigger
Event of Default, the “Specified Servicer Defaults”); 
  

 2 

 WHEREAS, the Performance Guarantor has requested that the Required
Co-Agents, on behalf of the Committed Purchasers and the Conduits, waive the Specified Servicer Defaults; and 
 WHEREAS, the Required Co-Agents are willing to waive the Specified Servicer Defaults only for the period and on the terms and conditions hereinafter set forth; 
 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows: 
 1. Defined Terms. 
 (a) Capitalized terms used herein and not otherwise defined shall have the meanings attributed to such terms in the RPA. 
 (b) As used in this Waiver and Amendment, “Waiver Termination Date” means the earlier of (i) the date on which any Servicer
Default (other than the Specified Servicer Defaults) occurs, and (ii) February 17, 2009. 
 2. Waiver. Subject to the
satisfaction or waiver of the conditions precedent set forth in Section 3 below, the Required Co-Agents, on behalf of the Agents and the Purchasers, hereby waive the Specified Servicer Defaults from the date hereof to and including the Waiver
Termination Date after which date such waiver shall terminate, expire and become null and void with no further effect. On and after the Waiver Termination Date, the Agents and Purchasers may exercise any and all of their respective rights and
remedies under the RPA, the other Transaction Documents and applicable law, including without limitation, their respective rights and remedies with respect to the Specified Servicer Defaults. 
 3. Amendments to RPA. The RPA is hereby amended as follows: 
 3.1. Each reference to “Weekly Report or Monthly Report” is hereby replaced with “Settlement Report”. 
 3.2 Each reference to “Monthly Reports and Weekly Reports” is hereby replaced with “Settlement Reports”. 
 3.3 Each reference to “Weekly Report” in Section 1.5(b)(i) and 1.5(c) is hereby replaced with “Daily Report and Weekly Report”. 
 3.4 Each reference to “Weekly Settlement Date” or “Weekly Settlement Dates” in Sections 1.4(b), 1.4(d)(i), 1.5(a), 1.5(c), 1.5(d),
1.5(e) and 1.10 is hereby replaced with “Daily Settlement Date and Weekly Settlement Date” or “Daily Settlement Dates and Weekly Settlement Dates”, respectively. 
  

 3 

 3.5 Each reference to “Weekly Settlement Period” in Section 1.5 is hereby replaced with
“Daily Settlement Period and Weekly Settlement Period”. 
 3.6 Section 1.4(d)(iii)(B) of the RPA is hereby amended by
replacing “Monthly Settlement Date” with “Settlement Date”. 
 3.7 Section 1.11 of the RPA is hereby amended by
replacing “each Collection Account,” in the first sentence thereof with “each Collection Account, the Facility Account,”. 
 3.8 Section 6.3 of the RPA is hereby amended by adding a new sentence to the end thereof to read as follows: 
 “On or
before January 23, 2009, (i) Administrative Agent will send a Collection Notice to each Collection Bank and such parties will establish mutually acceptable procedures for the control and release of the Collections in the Collection
Accounts, (ii) Seller will establish an interest bearing deposit account at JPMorgan Chase (which account may be the Facility Account), subject to a deposit account control agreement in favor of, and acceptable in form and substance to, the
Administrative Agent to hold any Collections that may be required to make a reduction in Capital determined pursuant to a Daily Report and (iii) the Administrative Agent will establish procedures for the application of such funds to the
outstanding Capital.” 
 3.9 Section 6.5(b) of the RPA is hereby amended by adding the following language to the end thereof:

 “; provided that the Servicer will not be required to prepare Weekly Reports and make Weekly Settlements for any periods during which
the Servicer is preparing Daily Reports and making Daily Settlements.” 
 3.10 Section 6.5 of the RPA is hereby amended by adding a
new section 6.5(d) to the end thereof to read as follows: 
 “(d) Commencing on or before January 23, 2009, and on each day
thereafter (or if such day is not a Business Day, the next following Business Day), the Servicer shall prepare and forward to the Agents a Daily Report for the preceding Business Day and the preparation and forwarding of Daily Reports shall continue
so long as any Agent requests Daily Reports and Daily Settlements; provided that the Servicer need only prepare Weekly Reports rather than Daily Reports, if and after the Administrative Agent so states in writing which will only be provided so long
as no Agents request Daily Reports and Daily Settlements.” 
 3.11 Section 8.1(d)(i) of the RPA is amended by replacing “any
Monthly Report, Weekly Report” with “any Settlement Report”. 
 3.12 The definition of “Effective Receivable
Interest” in Exhibit I to the RPA is amended by replacing “Weekly Report” with “Daily Report, Weekly Report”. 
  

 4 

 3.13 The definition in Exhibit I to the RPA of each of the terms specified below is hereby amended and
restated in its entirety to read, respectively, as follows: 
 “Group Commitment” and “Group Limit”
means, for each Group, the amount set forth next to its name in the table below under the applicable column heading: 
  

							
	 GROUP NAME
	  	GROUP LIMIT	  	GROUP
COMMITMENT
	 Wachovia Group
	  	$	91,666,667.00	  	$	91,666,667.00
	 Falcon Group
	  	$	174,583,333.00	  	$	174,583,333.00
	 Three Pillars Group
	  	$	108,750,000.00	  	$	108,750,000.00
	 Amsterdam Group
	  	$	125,000,000.00	  	$	125,000,000.00
	 YRCA Group
	  	$	250,000,000.00	  	$	-0-

 “Reporting Date” means each date specified in the first sentence of
Section 6.5(a), Section 6.5(b) or Section 6.5(d). 
 “Settlement Date” means a
Daily Settlement Date, Monthly Settlement Date or a Weekly Settlement Date, as the context may require. 
 “Settlement
Period” means a Daily Settlement Period, Monthly Settlement Period or a Weekly Settlement Period, as the context may require. 
 “Settlement Report” means a Daily Report or a Weekly Report, as the context may require. 
 3.14 The following definitions are hereby inserted into Exhibit I to the RPA in their appropriate alphabetical order: 
 “Daily Settlement Date” means the first (1st) Business Day following the date each Daily Report is due pursuant to Section 6.5(d). 
 “Daily Settlement Period” means each Business Day. 
 “Daily Report” means a report furnished by the Servicer to the Administrative Agent pursuant to Section 6.5 in form and substance acceptable to the Administrative Agent; provided that up
to April 15, 2009, the Daily Report may consist of an accounts receivable roll forward and an accounts receivable aging, or such other information acceptable to the Administrative Agent; provided further, that only on and after April 15,
2009 shall the Daily Report contain the same information as the Weekly Report. 
  

 5 

 3.15 The signature page of JPMorgan Chase Bank, N.A. is amended by replacing “$209,500,000.00”
with “$174,583,333.00”. 
 3.16 The signature page of Wachovia Bank, National Association is amended by replacing
“$110,000,000.00” with “$91,666,667.00”. 
 3.17 The signature page of The Royal Bank of Scotland plc is amended by
replacing “$150,000,000.00” with “$125,000,000.00”. 
 3.18 The signature page of Suntrust Bank is amended by replacing
“$130,500,000.00” with “$108,750,000.00”. 
 4. Effective Date. This Waiver and Amendment shall become effective
as of the date hereof when each of the following conditions precedent has been satisfied or waived: 
 (a) the Administrative
Agent has received counterparts of this Waiver and Amendment, duly executed by the Seller, the Performance Guarantor and the Required Co-Agents; 
 (b) the Seller shall have paid to each of the Co-Agents who executes and delivers to the Administrative Agent and the Seller on or prior to January 15, 2009 a counterpart of this Waiver and Amendment, a
fully-earned and non-refundable waiver fee in immediately available funds equal to the product obtained by multiplying 0.0050 by such Co-Agent’s Group’s Group Commitment (determined after giving effect to the changes in Group Commitments
set forth herein); 
 (c) after giving effect to this Waiver and Amendment, each of the representations and warranties set
forth in Section 3.1 of the RPA is correct in all material respects as though made on and as of the date hereof; 
 (d)
no Default or Event of Default under the YRCW Credit Agreement shall have occurred and be continuing other than the Credit Agreement Defaults, and the requisite Lenders under the YRCW Credit Agreement shall have executed and delivered a waiver of
the Credit Agreement Defaults and all conditions precedent to effectiveness of such waiver (other than effectiveness of this Waiver and Amendment) shall have been satisfied; and 
 (e) the Seller shall have paid the reasonable legal fees and disbursement of the Administrative Agent’s counsel, Latham &
Watkins LLP, invoiced on or prior to January 15, 2009. 
 5. Ratification. The Performance Undertaking and, except as modified
hereby, the RPA are hereby ratified, approved and confirmed in all respects. 
 6. Reference to Agreement. From and after the
effective date hereof, each reference in the RPA to “this Agreement”, “hereof”, or “hereunder” or words of like import, and all references to the RPA in any and all agreements, instruments, documents, notes,
certificates and other writings of every kind and nature shall be deemed to mean the RPA as modified by this Waiver and Amendment. 
  

 6 

 7. Costs and Expenses. The Seller agrees to pay all reasonable costs, fees, and out-of-pocket
expenses (including reasonable attorneys’ fees and disbursements) incurred by the Agents in connection with the preparation, execution and enforcement of this Waiver and Amendment. 
 8. CHOICE OF LAW. THIS WAIVER AND AMENDMENT SHALL BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL
OBLIGATIONS LAW) WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES. 
 9. Execution in Counterparts. This Waiver and Amendment may be
executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery
of an executed counterpart via facsimile or other electronic transmission shall be deemed delivery of an original counterpart. 
 <Signature pages follow> 
  

 7 

 IN WITNESS WHEREOF, the parties hereto have caused this Waiver and Amendment to be executed
and delivered by their duly authorized officers as of the date hereof. 
 YELLOW ROADWAY RECEIVABLES FUNDING CORPORATION 
  

			
	By:	 	 /s/ Christina E. Wise

	Name:	 	Christina E. Wise
	Title:	 	President and Chief Executive Officer

 YRC WORLDWIDE INC., as Performance Guarantor 
  

			
	By:	 	 /s/ Timothy A. Wicks

	Name:	 	Timothy A. Wicks
	Title:	 	Executive Vice President and Chief Financial Officer

 SUNTRUST ROBINSON HUMPHREY, INC., as Three Pillars Agent 
  

			
	By:	 	 /s/ Kecia P. Howson

	Name:	 	Kecia P. Howson
	Title:	 	Director

 JPMORGAN CHASE BANK, N.A., as Falcon Agent and as Administrative Agent 
  

			
	By:	 	 /s/ John N. Kuhns

	Name:	 	John N. Kuhns
	Title:	 	Executive Director

 WACHOVIA BANK, NATIONAL ASSOCIATION, as LC Issuer and as Wachovia Agent 
  

			
	By:	 	 /s/ Elizabeth R. Wagner

	Name:	 	Elizabeth R. Wagner
	Title:	 	Managing Director

 [Signature Page to YRCW Waiver and
2nd Amendment to RPA] 

 THE ROYAL BANK OF SCOTLAND PLC, as Amsterdam Agent 
 BY: GREENWICH CAPITAL MARKETS, INC., AS ITS AGENT 
  

			
	By:	 	 /s/ David Viney

	Name:	 	David Viney
	Title:	 	Managing Director

 [Signature Page to YRCW Waiver and
2nd Amendment to RPA]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}]]