Document:

Exhibit 10.1

 

FIRST AMENDMENT

TO FIVE YEAR CREDIT AGREEMENT AND TERMINATION OF 364-DAY
CREDIT AGREEMENT

            This
FIRST AMENDMENT TO FIVE YEAR CREDIT AGREEMENT AND TERMINATION OF 364-DAY
CREDIT AGREEMENT dated as of September 29, 2004 (this "Amendment") by and
among MOHAWK INDUSTRIES, INC. (the "Borrower"), SUNTRUST BANK, as Co-Lead Arranger and Agent, WACHOVIA BANK,
NATIONAL ASSOCIATION, as Co-Lead Arranger and Administrative Agent (the
"Agent") and the other Banks from time to time party thereto (the "Banks").

            WHEREAS, the parties hereto are
parties to that certain Five Year Credit Agreement dated as September 30, 2003
(the "Credit Agreement");

            WHEREAS, the parties hereto desire
to amend certain provisions of the Credit Agreement on the terms and conditions
contained herein;

            WHEREAS, the parties hereto are also
parties to that certain 364-Day Credit Agreement dated as of September 30, 2003
(the "364-Day Credit Agreement") which the parties desire to terminate in
connection with this Amendment.

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

            Section 1.  Specific Amendments to Credit Agreement.  

            (a)        Section
3.02(c) of the Credit Agreement is hereby amended and restated in its entirety
as follows:

            (c)        the fact that the representations and
warranties contained in Article IV of this Agreement (other than those
contained in Sections 4.04(b) and 4.05), shall be true on and as of the date of
such Borrowing or issuance of such Letter of Credit except for changes
permitted by this Agreement and except to the extent they relate solely to an
earlier date; provided, that with respect to those contained in Sections
4.01, 4.06, 4.11, 4.12 and 4.13, the determination of whether any Material
Adverse Effect has occurred as set forth therein shall be made solely by the
Borrower, in its reasonable, good faith judgment; and

            (b)        Section
2.06(a) of the Credit Agreement is hereby amended by deleting the table
contained therein and replacing it with the following table:

 

	
  Debt to 

  Capitalization Ratio

  	
  Base Rate Loan

  	
  Euro-Dollar Loan

  
	
  >
  0.55 to 1.0

  	
  0.500%

  	
  1.400%

  
	
  >
  0.50 to 1.0 but 

  < 0.55 to 1.0

  	
  0.250%

  	
  1.150%

  
	
  > 0.40 to 1.0 but

  <0.50 to 1.0

  	
  0.000%

  	
  0.900%

  
	
  >0.30 to 1.0 but

  <0.40 to 1.0

  	
  0.000%

  	
  0.650%

  
	
  >0.20 to 1.0 but

  <0.30 to 1.0

  	
  0.000%

  	
  0.500%

  
	
  < 0.20 to 1.0

  	
  0.000%

  	
  0.400%

  

            (c)        Each
Bank agrees that its Commitment shall be increased from $100,000,000 to
$150,000,000.  Accordingly, the Credit
Agreement is hereby amended by (i) deleting the reference to $100,000,000
set forth on each Bank's signature page to the Credit Agreement and replacing
it with a reference to $150,000,000 and (ii) deleting the reference to
$200,000,000 as the "Total Commitments" at the end of the signature pages to
the Credit Agreement and replacing it with a reference to $300,000,000.

            Section 2.  Termination of 364-Day Credit Agreement.  Upon the effectiveness of this Amendment,
the parties hereto agree that the 364-Day Credit Agreement and the Commitments
(as defined in the 364-Day Credit Agreement) thereunder shall be terminated.

            Section 3.  Representations of the Borrower.  The Borrower represents and warrants to the
Agent and the Banks that:

            (a)        Authorization.  The execution and delivery by the Borrower
of this Amendment, and the performance by the Borrower of this Amendment and
the Credit Agreement as amended by this Amendment (i) are within its corporate
powers, (ii) have been duly authorized by all necessary corporate action, (iii)
require no action by or in respect of or filing with, any governmental body,
agency or official (other than routine filings with the Securities and Exchange
Commission), (iv) do not contravene, or constitute a default under, any
provision of applicable law or regulation or of the certificate of
incorporation or by‐laws of the Borrower or of any agreement, judgment,
injunction, order, decree or other instrument binding upon the Borrower or any
of its Subsidiaries, and (v) do not result in the creation or imposition of any
Lien on any asset of the Borrower or any of its Subsidiaries.

2

            (b)        Binding Effect.  Each of this Amendment and the Credit
Agreement as amended by this Amendment constitutes a valid and binding
agreement of the Borrower enforceable in accordance with  their
respective terms, provided that the enforceability hereof and thereof is
subject in each case to general principles of equity and to bankruptcy,
insolvency and similar laws affecting the enforcement of creditors' rights
generally.

            (c)        No
Default.  No Default or Event of
Default will exist immediately after giving effect to this Amendment.

            Section 4.  Reaffirmation of Representations.  The Borrower hereby repeats and reaffirms
all representations and warranties made by it to the Agent and the Banks in the
Credit Agreement and the other Loan Documents to which it is a party on and as
of the date hereof (and after giving effect to this Amendment) with the same
force and effect as if such representations and warranties were set forth in
this Amendment in full.

            Section 5.  References to the Credit Agreement.  Each reference to the Credit Agreement in
any of the Loan Documents (including the Credit Agreement) shall be deemed to
be a reference to the Credit Agreement, as amended by this Amendment.

            Section
6.  Effect of Amendment.  Except as set forth expressly hereinabove,
all terms of the Credit Agreement and the other Loan Documents shall be and
remain in full force and effect, and shall constitute the legal, valid, binding
and enforceable obligations of the Borrower. 
The amendments contained herein shall be deemed to have prospective
application only, unless otherwise specifically stated herein.

            Section
7.  Ratification.  The Borrower hereby restates, ratifies and
reaffirms each and every term, covenant and condition set forth in the Credit
Agreement and the other Loan Documents effective as of the date hereof.

            Section 8.  Benefits.  This Amendment shall be binding upon and shall inure to the
benefit of the parties hereto and their respective successors and assigns.

            Section 9.  GOVERNING LAW.  THIS AMENDMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF GEORGIA. 

            Section 10.  Effect.  Except as expressly herein amended, the terms and conditions of
the Credit Agreement and the other Loan Documents shall remain in full force
and effect.  

            Section 11.  Counterparts.  This Amendment may be executed in any number
of counterparts and delivered by facsimile, each of which shall be deemed to be
an original and shall be binding upon all parties, their successors and
assigns.

            Section 12.  Headings.  The paragraph headings used in this Amendment are for convenience
only and in no way defined, describe or limit the scope or intent of this
Amendment.

3

            Section 13.  Definitions.  All capitalized terms not otherwise defined
herein are used herein with the respective definitions given them in the Credit
Agreement.

            Section 12.  Effective Date.  This Amendment shall be effective upon
(a) the execution and delivery of this Amendment by all of the parties
hereto and (b) and the Borrower's execution and delivery of replacement
Notes to each of the Banks in the amount of their respective Commitments as
increased by this Amendment.

[Signatures on the Following Page]

4

             IN WITNESS WHEREOF, the parties hereto have caused this
First Amendment to Five Year Credit Agreement to be executed as of the date
first above written.

MOHAWK INDUSTRIES, INC.

     By:/s/: Scott R. Veldman  

     Name: Scott R. Veldman

     Title: Vice President & Treasurer

 

WACHOVIA BANK, NATIONAL
ASSOCIATION, as Administrative Agent and as a
Bank

By:/s/: David C. Hauglid

     Name:_________________________ 

     Title:__________________________ 

SUNTRUST BANK

By:_________________________________ 

      Name:____________________________ 

     Title:_____________________________ 

 

5Mohawk:   LAPA Ext.

Exhibit 10.2

AMENDMENT TO SECOND AMENDED AND RESTATED

LIQUIDITY ASSET PURCHASE AGREEMENT

(re: Mohawk
Factoring, Inc.)

This
Amendment to the Second Amended and Restated Liquidity Asset Purchase Agreement
(this "Amendment") is entered into as of August 2, 2004 among
BLUE RIDGE ASSET FUNDING CORPORATION, a Delaware corporation, and WACHOVIA
BANK, NATIONAL ASSOCIATION, a national banking association, individually as a
Liquidity Purchaser, as Liquidity Agent, and as Blue Ridge Agent.  Capitalized terms used and not otherwise
defined herein are used with the meanings attributed thereto in the Liquidity
Agreement (hereinafter defined).

RECITALS:

WHEREAS, the parties hereto
have entered into a Second Amended and Restated Liquidity Asset Purchase
Agreement, amended and restated as of August 4, 2003 (the "Liquidity
Agreement"); and

WHEREAS, the parties hereto
desire to amend the Liquidity Agreement in a manner consistent with the
requirements set forth therein;

NOW THEREFORE, in consideration of the premises and the other
mutual covenants contained herein, the parties hereto agree as follows:  

SECTION 1.   Amendment
to the Liquidity Agreement.  The
definition of "Purchase Termination Date" is hereby amended and restated to
read in its entirety as follows:

"Purchase Termination Date" means August 1, 2005.

            SECTION
2.  Liquidity Agreement in Full Force and
Effect as Amended.  Except as
specifically amended hereby, the Liquidity Agreement shall remain in full force
and effect.  All references to the
Liquidity Agreement shall be deemed to mean the Liquidity Agreement as modified
hereby.  This Amendment shall not
constitute a novation of the Liquidity Agreement, but shall constitute an
amendment thereof.  The parties hereto
agree to be bound by the terms and conditions of the Liquidity Agreement, as
amended by this Amendment, as though such terms and conditions were set forth
herein.

SECTION 3.  Miscellaneous.

                        (a)  This 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
when taken together shall constitute one and the same agreement.  Delivery of an executed counterpart of a
signature page to this Amendment by telecopier shall be effective as delivery
of a manually executed counterpart of this Amendment.

                       
(b) The descriptive headings of the various sections of this Amendment are
inserted for convenience of reference only and shall not be deemed to affect the
meaning or construction of any of the provisions thereof.

                        (c)            
THIS AMENDMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
WITHOUT REFERENCE TO CONFLICT OF LAWS PRINCIPLES.

[remainder of page intentionally
left blank]

             IN
WITNESS WHEREOF, the parties have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above
written.

WACHOVIA BANK, NATIONAL
ASSOCIATION, individually, as Blue Ridge Agent and Liquidity Agent

By:_______________________
Name:

Title:

 BLUE RIDGE ASSET FUNDING
CORPORATION

By:            Wachovia Capital Markets, LLC, 
            as Attorney-In-Fact

By:_______________________
Name:

Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}]]