Document:

ex10-14.htm

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

      EXHIBIT
10.14

      

      AMENDMENT
NO. 1

      to

      CREDIT
AGREEMENT (364-DAY FACILITY)

      

              This AMENDMENT NO. 1
TO CREDIT AGREEMENT (364-DAY FACILITY) (this “Amendment”), dated as of September 29,
2008, is entered into by and among, Caterpillar Financial Services Corporation
(the “Borrower”), the Banks
party hereto (the “Banks”), and
Société Générale (“SG”), as
agent (the “Agent”) under the
Credit Agreement defined below.  Each capitalized term used herein and
not defined herein shall have the meaning ascribed thereto in the Credit
Agreement.

       

      PRELIMINARY
STATEMENTS

       

              The Borrower, the
Banks and the Agent are parties to the Credit Agreement (364-Day Facility),
dated as of July 15, 2008 (as the same may be further amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”).  The
Borrower has requested that the Banks and the Agent amend the Credit Agreement
as hereinafter set forth, and the Banks and the Agent have agreed to amend the
Credit Agreement pursuant to the terms of this Amendment.

       

              SECTION 1. Amendments to the Credit
Agreement.  Effective as of the date hereof, subject to the
satisfaction of the condition precedent set forth in Section 2 below, the Credit Agreement
is hereby amended as follows:

       

              1.1           The
definition of “CFSC Purchase
Claims” set forth in Section
1.01 is amended and restated in its entirety as follows:

       

                   ““CFSC Purchase Claims” means the
outstanding liens on or claims against or in respect of any of the accounts
receivable of CFSC or any of its Subsidiaries arising out of the sale or
securitization by CFSC or any such Subsidiaries of  such accounts
receivable.”

       

              1.2           The
definition of “Citibank
Facilities” set forth in Section
1.01 is amended by amending and restated in its entirety clause (ii)
thereof as follows:

       

                    “that certain Credit Agreement
(364-Day Facility) dated as of September 18, 2008, among the Borrower,
Caterpillar and Caterpillar Finance Corporation, as Borrowers thereunder, the
financial institutions party thereto, Citibank, as agent for such financial
institutions, and BTMU, as Japan Local Currency Agent and”

       

              1.3           Section 5.03(a) is amended and
restated in its entirety as follows:

       

                    (a)           Ratio of CFSC Consolidated Debt to
Consolidated Net Worth.

       

                          (i)           Maintain
at all times a ratio (the “Leverage
Ratio”) of CFSC Consolidated Debt to CFSC’s Consolidated Net Worth of not
greater than 10.0 to 1.  For purposes of this subsection (i), the Leverage Ratio at
any time shall be equal to the average of the Leverage Ratios as determined on
the last day of each of the six preceding calendar months.

       

                          (ii)           Maintain
a Leverage Ratio of not greater than 10.0 to 1 on each December 31, commencing
December 31, 2008.  For purposes of this subsection (ii), the Leverage Ratio
shall be the ratio of CFSC Consolidated Debt to CFSC’s Consolidated Net Worth on
the date for which computed.

       

              SECTION 2. Condition Precedent.  This
Amendment shall become effective and be deemed effective as of the date hereof
upon the Agent’s receipt of duly executed originals of this Amendment from the
Borrower, the Agent and the Banks.

       

              SECTION 3. Covenants, Representations and Warranties of
the Borrower.

       

              3.1           Upon
the effectiveness of this Amendment, the Borrower hereby reaffirms all
covenants, representations and warranties made by it in the Credit Agreement, as
amended hereby, and agrees that all such covenants, representations and
warranties shall be deemed to have been re-made as of the effective date of this
Amendment.

       

              3.2           The
Borrower hereby represents and warrants that (a) this Amendment constitutes a
legal, valid and binding obligation of the Borrower, enforceable against the
Borrower in accordance with its terms, except as enforceability thereof may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium or
similar laws relating to or affecting creditor’s rights generally and by the
effect of general principles of equity and (b) upon the effectiveness of this
Amendment, no Event of Default shall exist with respect to the Borrower and no
event shall exist which, with the giving of notice, the lapse of time or both,
would constitute an Event of Default with respect to the Borrower.

       

              SECTION 4. Reference to and Effect on the Credit
Agreement.

       

              4.1           Upon
the effectiveness of this Amendment, each reference in the Credit Agreement to
“this Agreement”, “hereunder”, “hereof”, “herein” or words of like import shall
mean and be a reference to the Credit Agreement, as amended hereby, and each
reference to the Credit Agreement in any other document, instrument or agreement
executed and/or delivered in connection with the Credit Agreement shall mean and
be a reference to the Credit Agreement as amended hereby.

       

              4.2           Except
as specifically amended above, the Credit Agreement, the Notes 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.

       

              4.3           The
execution, delivery and effectiveness of this Amendment shall not operate as a
waiver of any right, power or remedy of any party under the Credit Agreement,
the Notes or any other document, instrument or agreement executed in connection
therewith, nor constitute a waiver of any provision contained therein, except as
specifically set forth herein.

       

              SECTION 5. Execution in
Counterparts.  This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed and delivered shall be deemed to be an original and all
of which taken together shall constitute one and the same
instrument.

       

              SECTION 6. Governing
Law.  This Amendment shall be governed by and construed in
accordance with the laws of the State of New York.

       

              SECTION 7. Headings.  Section headings
in this Amendment are included herein for convenience of reference only and
shall not constitute a part of this Amendment for any other
purpose.

       

      The
remainder of this page is intentionally blank.

       

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

       

      CATERPILLAR
FINANCIAL

      SERVICES
CORPORATION

       

      By:
/s/ David A.
Kacynski

          Name: David
A. Kacynski

          Title:
Treasurer

      

       

      SOCIETE
GENERALE, as Agent

       

      By:
/s/ Eric E.O. Siebert,
Jr.

          Name: Eric
E.O. Siebert, Jr.

          Title:
Managing Director

      

      

      SOCIETE
GENERALE, as a Bank

       

      By:
/s/ Eric E.O. Siebert,
Jr.

          Name: Eric
E.O. Siebert, Jr.

          Title:
Managing Director

       

      

      ROYAL
BANK OF CANADA, as a Bank

       

      By:
/s/ Meredith
Majesty

          Name:
Meredith Majesty

          Title:
Authorized Signatorytetonex10_1.htm

    
      SERVICE
MARK AND NAME LICENSE AGREEMENT

       

      THIS AGREEMENT, effective as
of the _____ day of __________, 2008 (“Effective Date”), is by and among GAMCO
Investors, Inc., a
corporation organized under the laws of New York (“GAMCO” or “Licensor”) and
Teton Advisors, Inc., a
corporation organized under the laws of Delaware (“Teton” or
“Licensee”).

       

      WHEREAS, Licensor is currently
the holder of certain shares of class B common stock of Licensee;

       

      WHEREAS, substantially
simultaneously with entering into this Agreement, Licensor will distribute these
shares of class B common stock to the shareholders of Licensor;

       

      WHEREAS, substantially
simultaneously with entering into this Agreement, Licensor and Licensee will
enter into a Transitional Administrative and Management Services Agreement
pursuant to which Licensor will provide certain services to Licensee in exchange
for Licensee’s payment of certain fees to Licensor (the “Services
Agreement”);

       

      WHEREAS, the word “GAMCO” is
the property of the Licensor and Licensor is the owner of the names and marks
and the goodwill symbolized by the word “GAMCO” (collectively, the “GAMCO
Mark”);

       

      WHEREAS, Licensor is the owner
of all right, title and interest in and to the servicemark “MightyMites” (the
“MightyMites Mark”, and together with the GAMCO Mark, the “Licensed
Marks”);

       

      WHEREAS, Licensee desires to
license the right to use the Licensed Marks in connection with the following six
registered investment companies that it manages: the GAMCO Westwood Balanced
Fund, GAMCO Westwood Equity Fund, GAMCO Westwood SmallCap Equity Fund, GAMCO
Westwood Income Fund, GAMCO Westwood Intermediate Bond Fund, and the GAMCO
Westwood MightyMites Fund (collectively the “Funds”).

       

      WHEREAS, Licensor will license
the Licensed Marks to Licensee pursuant to the terms of this Agreement.

      

      NOW, THEREFORE, in
consideration of the recitals above and the mutual promises set forth below, and
the payment of the fees pursuant to the Services Agreement and other good and
valuable consideration, the receipt and sufficiency of which the Parties
acknowledge, the Parties hereto agree as follows

       

      1. License.

       

      1.1. Grant.  Licensor
hereby grants to Licensee, a non-exclusive right and license to use the Licensed
Marks in connection with the operation, advertising, promotion and marketing of
the Funds during the Term of this Agreement.

       

      1.2. No Other
Use.  Licensee shall not use, except as permitted hereunder, or
register or apply to register, the Licensed Marks, or any name which is the same
as or confusingly similar to the Licensed Marks.   All rights in
and to the Licensed Marks not expressly granted herein are reserved by
Licensor.

       

      2. Quality
Control.

       

      2.1. Quality
Control.  All use of the Licensed Marks by Licensee and the
nature and quality of all services sold or offered by Licensee in connection
with the Licensed Marks are subject to Licensor’s quality control
standards.

       

      2.2.  Inspection.  Licensor
may periodically inspect Licensee’s operations to ensure compliance with the
standards described above with reasonable advance notice and in such manner as
not to interfere unreasonably with the normal operations of the business of
Licensee.

       

      2.3. Advertising.  The
use of the Licensed Marks whether in advertising and promotional materials or
otherwise, shall be subject to the prior written approval of
Licensor.

       

      3. Acknowledgment of
Rights.

       

      3.1.  Licensee
acknowledges and agrees that:

       

       

      A.  Licensor
owns all rights, title and interest in and to Licensed Marks, and throughout the
Term of this Agreement and thereafter, Licensee shall not contest the validity
of the Licensed Marks, or claim adversely to any right, title and interest of
Licensor in and to the Licensed Marks; and

       

      B. All
goodwill that arises from Licensee’s use of the Licensed Marks shall inure to
the sole benefit of Licensor.

       

      

      4. Trademark
Protection.

       

      4.1. Notice of
Infringement.  Licensee shall give notice to Licensor of any
infringement of the Licensed Marks that comes to its attention during the Term
of this Agreement.  Licensee agrees to cooperate reasonably with
Licensor, when requested and at Licensor’s expense, in stopping such
infringement, but Licensee shall not take any action against an infringer in its
own name or on behalf of Licensor without Licensor’s prior written
approval.  Licensor, in its sole discretion, shall decide what, if
any, action to take with respect to any infringement or alleged infringement of
the Licensed Marks.  Nothing in this License Agreement shall impose on
Licensee any obligation to investigate any alleged infringement of the Licensed
Marks.

       

      5. Term;
Termination.

       

      5.1. Term.  The
initial term of this Agreement shall commence upon the Effective Date, and shall
continue until the one (1) year anniversary thereof, unless otherwise terminated
as provided in Section 5.2 below (“Initial Term”); provided that the Initial
Term shall automatically renew for successive one (1) year periods (each a
“Renewal Term”, and collectively with the Initial Term, the “Term”) unless
either Party notifies the other Party in writing within 30 days of the
expiration of the Initial Term or the then current Renewal Term that it will not
renew the Agreement.

       

      5.2. Termination.   This
Agreement is terminable, for any or no reason, by Licensor upon thirty (30) days
written notice of termination to Licensee.

       

      5.3. Effect of
Termination.  Upon the expiration or termination of this
Agreement:

       

       

      A.  Licensee
shall discontinue, and cease and desist from all use of the Licensed Marks and
any and all terms confusingly similar to the Licensed Marks.

       

      B. All
rights of Licensee hereunder shall terminate and revert automatically to
Licensor, and Licensee shall not have any right to use or otherwise exploit in
any manner the Licensed Marks.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      6. Miscellaneous.

       

      6.1. Governing
Law.  This Agreement and the rights and obligations of the
Parties hereunder shall be governed by and will be construed in accordance with
the laws of the State of New York, and all rights and remedies shall be governed
by such laws without regard to principles of conflict of laws.

       

      6.2. Complete
Agreement.  This Agreement constitutes the entire agreement
between the Parties with respect to the subject matter hereof and supersedes all
previous proposals, negotiations, representations, commitments, writings and all
other communications, whether oral and written, between the
Parties.

       

      6.3. Assignment.  This
Agreement may not be assigned or transferred by Licensee in any manner, nor
shall Licensee have the right to grant any sublicenses under this Agreement,
except with Licensor’s prior written consent.

       

      6.4. Amendment.  This
Agreement may not be modified, amended, rescinded, canceled or waived, in whole
or in part, except by written instrument signed by a duly authorized
representative of each Party.

       

      6.5. Severability.  In
the event that any provision of this Agreement conflicts with the law under
which this Agreement is to be construed, or if any such provision is held
invalid by a court with jurisdiction over the Parties to this Agreement, and the
subject matter of this Agreement, (i) such provision will be deemed to be
restated to reflect as nearly as possible to the original intentions of the
Parties in accordance with applicable law, and (ii) the remaining terms,
provisions, covenants and restrictions of this Agreement will remain in full
force and effect.

       

      6.6. Counterparts.  This
Agreement may be executed in counterparts, each of which will be deemed an
original and all of which together will constitute one and the same
document.

       

      6.7. Waiver.  The
failure of either Party to insist upon or enforce strict performance of any
provision of this Agreement, or to partially or fully exercise any right, or any
waiver by either Party of any breach, shall not prevent a subsequent enforcement
of strict performance or the exercise of any such right, or be deemed a waiver
of any subsequent breach of the same or any other term of this
Agreement.

       

      6.8. Remedies.  Except
where otherwise specified in this Agreement, the rights and remedies of each
Party set forth in this Agreement are not exclusive and are in addition to any
other rights and remedies available to it at law or in equity.

       

      6.9. Headings.  The
various headings in this Agreement are inserted for convenience only and shall
not affect the meaning or interpretation of this Agreement or any section
hereof.

       

      6.10. Notices.  All
notices provided for herein will be in writing and will, unless otherwise
provided, be delivered personally or sent by confirmed facsimile transmission,
overnight courier service or United States certified mail, proper postage
prepaid, addressed as follows:

       

       

      If to
GAMCO:

       

      

      
        	
                 
      

              	
                GAMCO
      Investors, Inc.

              

      

      
        	
                 
      

              	
                One
      Corporate Center

              

      

      
        	
                 
      

              	
                Rye,
      NY 10580

              

      

      
        	
                 
      

              	
                Attn:
      Legal Department

              

      

      
        	
                 
      

              	
                Fax:
      (914) 921-5384

              

      

      

      
        	
                 
      

              	
                If
      to Teton:

              

      

      

      
        	
                 
      

              	
                Teton
      Advisors, Inc.

              

      

      
        	
                 
      

              	
                One
      Corporate Center

              

      

      
        	
                 
      

              	
                Rye,
      NY 10580

              

      

      
        	
                 
      

              	
                Attn:
      Chief Executive Officer

              

      

      
        	
                 
      

              	
                Fax:
      (914)

              

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

       

       

      IN
WITNESS WHEREOF, each Party hereto has executed, or has caused the execution by
its duly authorized representative of, this Agreement as of the Effective
Date.

       

      

       

      By:           Teton
Advisors, Inc.

       

      __________________

       

      Nicholas Galluccio

       

      Chief Executive Officer and
President

       

      

       

      By:           GAMCO
Investors, Inc.

       

      

       

      _____________________

       

      Douglas R. Jamieson

       

      President and Chief Operating
Officer

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