Document:

Exhibit 10.1(f)

 

SIXTH AMENDMENT

 

THIS
SIXTH AMENDMENT (this “Amendment”), dated as of May 15, 2003, is entered
into by and among LOUISIANA-PACIFIC CORPORATION, a Delaware corporation (the “Borrower”),
BANK OF AMERICA, N.A., as agent for the Lenders (the “Administrative Agent”)
and those financial institutions parties to the Credit Agreement as defined
below (collectively, the “Lenders”) signatory hereto.

 

RECITALS

 

A.                             The
Borrower, the Lenders and the Administrative Agent are parties to a Credit
Agreement dated as of November 15, 2001 (as amended, modified or supplemented
from time to time, the “Credit Agreement”), pursuant to which the
Administrative Agent and the Lenders have extended certain credit facilities to
the Borrower.

 

B.                               The
Borrower has requested that the Administrative Agent and the Lenders agree to
amend the definitions of Note Financing Subsidiary and Subsidiary in the Credit
Agreement as set forth below.

 

C.                               The
Lenders have agreed to such amendment subject to the terms and conditions of
this Amendment.

 

NOW,
THEREFORE, the parties hereto hereby agree as follows:

 

1.                                       Defined
Terms.  Unless otherwise defined
herein, capitalized terms used herein shall have the meanings assigned to them
in the Credit Agreement.

 

2.                                       Amendment.  The definitions of “Note Financing
Subsidiary” and “Subsidiary” appearing in the Credit Agreement are amended and
restated as follows:

 

“‘Note Financing Subsidiary’ means a wholly
owned subsidiary of Borrower or of a wholly owned Subsidiary of Borrower which
is created to facilitate a Note Financing and whose only material assets are
related Purchase Money Note, the related transaction documents and the rights
and claims associated therewith, or equity ownership of a subsidiary which owns
such Purchase Money Note.”

 

“‘Subsidiary’ of a Person means (1) a
corporation, partnership, joint venture, limited liability company or other
business entity (a) of which a majority of the shares of securities or other
interests having ordinary voting power for the election of directors or other
governing body (other than securities or interests having such power only by
reason of the happening of a contingency) are at the time beneficially owned,
or the management of which is otherwise controlled, directly, or indirectly
through one or more intermediaries, or both, by such Person and (b) the
financial statements of which are consolidated with those of such Person in
accordance with GAAP and (2) with respect to the Borrower, the Note Financing
Subsidiary.  Unless otherwise specified,
all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a
Subsidiary or Subsidiaries of the Borrower; provided, that the term
“Subsidiary” shall not include any Dissolving 

 

 

Subsidiary unless the dissolution of such Dissolving Subsidiary has not
been completed by July 31, 2002.”

 

3.                                       Representations
and Warranties.  The Borrower hereby
represents and warrants as follows:

 

(a)                                  No
Default or Event of Default has occurred and is continuing.

 

(b)                                 The
execution, delivery and performance by the Borrower of this Amendment has been
duly authorized by all necessary corporate and other action and does not and
will not require any registration with, consent or approval of, notice to or
action by, any person (including any Governmental Authority) in order to be
effective and enforceable.  The Credit
Agreement, as amended by this Amendment, constitutes the legal, valid and
binding obligation of the Borrower, enforceable against the Borrower in
accordance with its terms, without defense, counterclaim or offset except as
such enforcement may be limited by applicable bankruptcy, insolvency,
reorganization or other similar laws relating to or limiting creditors’ rights
generally or by equitable principles relating to enforceability whether
enforcement is sought in a proceeding at law or in equity.

 

(c)                                  After
giving effect to this Amendment, all its representations and warranties
contained in the Credit Agreement are true and correct as though made on and as
of the Effective Date (as defined below) (except to the extent such
representations and warranties specifically relate to an earlier date, in which
case they were true and correct as of such earlier date).

 

(d)                                 It
is entering into this Amendment on the basis of its own investigation and for
its own reasons, without reliance upon the Administrative Agent, the Lenders
(except for the performance of the terms hereof applicable to them) or any
other person.

 

4.                                       Effective
Date.  This Amendment will become
effective as of the date first written above (the “Effective Date”) provided
that the Administrative Agent has received an original or facsimile of this
Amendment duly executed by the Required Lenders and the Borrower.

 

5.                                       Reservation
of Rights.  The Borrower
acknowledges and agrees that the execution and delivery of this Amendment by
the Administrative Agent and the Lenders party hereto shall not be deemed to
create a course of dealing or otherwise obligate the Administrative Agent or
any Lender to execute similar consents under the same or similar circumstances
in the future.

 

6.                                       Miscellaneous.

 

(a)                                  Except
as expressly set forth herein, this Amendment shall not by implication or
otherwise limit, impair, constitute a waiver of, or otherwise affect the rights
or remedies of the Administrative Agent or the Lenders under the Credit 

 

2

 

Agreement, the Loan
Documents, or any related documents, and shall not alter, modify, amend, or in
any way affect the terms, conditions, obligations, covenants, or agreements
contained in the Credit Agreement, the Loan Documents, or any related
documents, all of which are hereby ratified and affirmed in all respects and
shall continue in full force and effect.

 

(b)                                 This
Amendment shall be binding upon and inure to the benefit of the parties hereto
and thereto and their respective successors and assigns.  No third party beneficiaries are intended in
connection with this Amendment.

 

(c)                                  This
Amendment, shall be governed by, and construed in accordance with, the law of
the state of New York applicable to agreements made and to be performed
entirely within such state;  provided that the Administrative
Agent and each Lender shall retain all rights arising under federal law.

 

(d)                                 This
Amendment, may be executed in any number of counterparts, each of which shall
be deemed an original, but all such counterparts together shall constitute but
one and the same instrument.

 

(e)                                  This
Amendment, together with the Credit Agreement, contains the entire and
exclusive agreement of the parties hereto with reference to the matters
discussed herein and therein.  This
Amendment, supersedes all prior drafts and communications with respect
thereto.  This Amendment may not be
amended except in accordance with the provisions of Section 10.1 of the
Credit Agreement.

 

(f)                                    If
any term or provision of this Amendment, shall be deemed prohibited by or
invalid under any applicable law, such provision shall be invalidated without
affecting the remaining provisions of this Amendment or the Credit Agreement,
respectively.

 

(g)                                 The
Borrower hereby covenants to pay or to reimburse the Administrative Agent and
the Lenders, upon demand, for all reasonable costs and expenses (including
reasonable attorney fees and expenses) incurred in connection with the
development, preparation, negotiation, execution and delivery of this
Amendment.

 

3

 

IN WITNESS WHEREOF, the parties hereto have executed
and delivered this Amendment as of the date first above written.

 

 

	
   

  	
  LOUISIANA-PACIFIC 

  CORPORATION, as the Borrower

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
					

 

4

 

	
   

  	
  BANK
  OF AMERICA, N.A.,  as 

  Administrative Agent, an L/C Issuer and a 

  Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
					

 

5

 

	
   

  	
  WACHOVIA BANK, N.A., as
  Syndication 

  Agent and a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
					

 

6

 

	
   

  	
  ROYAL BANK OF CANADA, as
  

  Documentation Agent and a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
					

 

7

 

	
   

  	
  THE
  BANK OF NOVA SCOTIA, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
					

 

8

 

	
   

  	
  EXPORT DEVELOPMENT CANADA,  

  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
					

 

9Exhibit 10.1(g)

 

SEVENTH AMENDMENT

 

THIS SEVENTH
AMENDMENT (this “Amendment”), dated as of June 19, 2003, is entered into
by and among LOUISIANA-PACIFIC CORPORATION, a Delaware corporation (the “Borrower”),
BANK OF AMERICA, N.A., as agent for the Lenders (the “Administrative Agent”),
and those financial institutions parties to the Credit Agreement as defined
below (collectively, the “Lenders”) signatory hereto.

 

RECITALS

 

A.                             The
Borrower, the Lenders and the Administrative Agent are parties to a Credit Agreement
dated as of November 15, 2001 (as amended, modified or supplemented from time
to time, the “Credit Agreement”), pursuant to which the Administrative
Agent and the Lenders have extended certain credit facilities to the Borrower.

 

B.                               The
Borrower has requested that the Administrative Agent and the Lenders agree to
amend the Credit Agreement to permit Wachovia to become an L/C Issuer with
respect to issuance of Letters of Credit in addition to Existing Letters of
Credit.

 

C.                               The
Lenders have agreed to such amendment subject to the terms and conditions of
this Amendment.

 

NOW,
THEREFORE, the parties hereto hereby agree as follows:

 

1.                                       Defined
Terms.  Unless otherwise defined
herein, capitalized terms used herein shall have the meanings assigned to them
in the Credit Agreement.

 

2.                                       Amendment
of Definition of L/C Issuer.  The
definition of “L/C Issuer” in Section 1.01 of the Credit Agreement are amended
and restated as follows:

 

“‘L/C Issuer’ means (a) either Bank of America
in its capacity as an issuer of Letters of Credit (other than Existing Letters
of Credit) hereunder, or any successor issuer of such Letters of Credit
hereunder and (b) Wachovia, in its capacity as an issuer of Letters of Credit
(other than Existing Letters of Credit) hereunder or any successor issuer of
such Letters of Credit hereunder and, subject to the limitations contained in
Section 2.03(l), in its capacity as the issuer of the Existing Letters of
Credit.”

 

3.                                             Existing
Letters of Credit.  Section 2.03(l)
of the Credit Agreement is amended to read as follows:

 

“(l)  Existing
Letters of Credit.  The outstanding
standby letters of credit issued for the Borrower by Wachovia identified on Schedule
2.03(l), to which copies of such letters of credit are attached, shall be “Existing
Letters of Credit” hereunder and Wachovia shall have the rights and
obligations of an L/C Issuer under all the provisions of the Loan Documents
with respect to the Existing Letters of Credit.  Wachovia shall exercise any rights or remedies it may have under
any reimbursement agreements 

 

1

 

executed in connection with the Existing Letters of Credit and
otherwise act in respect of such Existing Letters of Credit at the direction of
the Administrative Agent (at the request of the Required Lenders to the extent
required hereunder).  In any such
exercise or action, Wachovia shall be subject to, and entitled to the benefits
of, Section 9.01.”

 

4.                                       Clarification
With Respect to Successor Letter of Credit.  Clause (c) in the fourth sentence of Section 9.09 is amended to
read as follows:  “(c) the term ‘L/C
Issuer’ shall mean, with respect to Bank of America, such successor Letter of
Credit issuer.”

 

5.                                       Resignation
of L/C Issuer.  Section 10.07(i) of
the Credit Agreement is amended to read as follows:

 

“(i)                                                                               Notwithstanding
anything to the contrary contained herein, if at any time, any L/C Issuer
assigns all of its Commitment and Loans pursuant to subsection (b) above, such
L/C Issuer may, upon 30 days’ notice to the Borrower and the Lenders, resign as
an L/C Issuer.  In the event of any such
resignation by any L/C Issuer, the Borrower shall be entitled to appoint from
among the Lenders a successor L/C Issuer hereunder; provided, however,
that no failure by the Borrower to appoint any such successor shall affect the
resignation of such L/C Issuer.  Any L/C
Issuer which resigns (whether in connection with assignment of all of its
Commitments and Loans pursuant to subsection (b) above or pursuant to Section
9.09 above) shall retain all of its respective rights and obligations as an L/C
Issuer hereunder with respect to all outstanding Letters of Credit issued by it
as of the effective date of its resignation as an L/C Issuer and all L/C
Obligations with respect thereto (including the right to require the Lenders to
make Base Rate Loans or fund participations in Unreimbursed Amounts pursuant to
Section 2.03(c)).”

 

6.                                       Tax
Reporting.

 

(a)                                  Tax
Representation.  The following is added
as Section 5.18 of the Credit Agreement:

 

“5.18                     Tax Shelter Regulations.  The Borrower does not intend to treat the
Loans and/or Letters of Credit and related transactions as being a “reportable
transaction” (within the meaning of Treasury Regulation Section 1.6011-4).  In the event the Borrower determines to take
any action inconsistent with such intention, it will promptly notify the
Administrative Agent thereof.  If the
Borrower so notifies the Administrative Agent, 
the Borrower acknowledges that one or more of the Lenders may treat its
Loans and/or its interest in Letters of Credit as part of a transaction that is
subject to Treasury Regulation Section 301.6112-1, and such Lender or Lenders,
as applicable, will maintain the lists and other records required by such
Treasury Regulation.”

 

(b)                                 Tax
Reporting.  The following is added as
Section 6.02(e) of the Credit Agreement (and existing Section 6.02(e) is hereby
renamed Section 6.02(f)):

 

2

 

“(e)                            promptly
after the Borrower has notified the Administrative Agent of any intention by
the Borrower to treat the Loans and/or Letters of Credit and related
transactions as being a “reportable transaction” (within the meaning of
Treasury Regulation Section 1.6011-4), a duly completed copy of IRS Form 8886
or any successor form; and.”

 

(c)                                  Confidentiality.  The following is added to the end of Section
10.08 of the Credit Agreement:

 

“Notwithstanding anything herein to the contrary, “Information” shall
not include, and the Administrative Agent and each Lender may disclose without
limitation of any kind, any information with respect to the “tax treatment” and
“tax structure” (in each case, within the meaning of Treasury Regulation
Section 1.6011-4) of the transactions contemplated hereby and all materials of
any kind (including opinions or other tax analyses) that are provided to the
Administrative Agent or such Lender relating to such tax treatment and tax
structure; provided that with respect to any document or similar item
that in either case contains information concerning the tax treatment or tax
structure of the transaction as well as other information, this sentence shall
only apply to such portions of the document or similar item that relate to the
tax treatment or tax structure of the Loans, Letters of Credit and transactions
contemplated hereby.”

 

7.                                       Representations
and Warranties.  The Borrower hereby
represents and warrants as follows:

 

(a)                                  No
Default or Event of Default has occurred and is continuing.

 

(b)                                 The
execution, delivery and performance by the Borrower of this Amendment has been
duly authorized by all necessary corporate and other action and does not and
will not require any registration with, consent or approval of, notice to or
action by, any person (including any Governmental Authority) in order to be
effective and enforceable.  The Credit
Agreement, as amended by this Amendment, constitutes the legal, valid and
binding obligation of the Borrower, enforceable against the Borrower in
accordance with its terms, without defense, counterclaim or offset except as
such enforcement may be limited by applicable bankruptcy, insolvency,
reorganization or other similar laws relating to or limiting creditors’ rights
generally or by equitable principles relating to enforceability whether
enforcement is sought in a proceeding at law or in equity.

 

(c)                                  After
giving effect to this Amendment, all its representations and warranties
contained in the Credit Agreement are true and correct as though made on and as
of the Effective Date (as defined below) (except to the extent such representations
and warranties specifically relate to an earlier date, in which case they were
true and correct as of such earlier date).

 

(d)                                 It
is entering into this Amendment on the basis of its own investigation and for
its own reasons, without reliance upon the Administrative Agent, 

 

3

 

the Lenders (except for
the performance of the terms hereof applicable to them) or any other person.

 

8.                                       Effective
Date.  This Amendment will become
effective as of the date first written above (the “Effective Date”) provided
that the Administrative Agent has received an original or facsimile of this
Amendment duly executed by the Required Lenders and the Borrower.

 

9.                                       Reservation
of Rights.  The Borrower
acknowledges and agrees that the execution and delivery of this Amendment by
the Administrative Agent and the Lenders party hereto shall not be deemed to
create a course of dealing or otherwise obligate the Administrative Agent or
any Lender to execute similar consents under the same or similar circumstances
in the future.

 

10.                                 Miscellaneous.

 

(a)                                  Except
as expressly set forth herein, this Amendment shall not by implication or
otherwise limit, impair, constitute a waiver of, or otherwise affect the rights
or remedies of the Administrative Agent or the Lenders under the Credit
Agreement, the Loan Documents, or any related documents, and shall not alter,
modify, amend, or in any way affect the terms, conditions, obligations,
covenants, or agreements contained in the Credit Agreement, the Loan Documents,
or any related documents, all of which are hereby ratified and affirmed in all
respects and shall continue in full force and effect.

 

(b)                                 This
Amendment shall be binding upon and inure to the benefit of the parties hereto
and thereto and their respective successors and assigns.  No third party beneficiaries are intended in
connection with this Amendment.

 

(c)                                  This
Amendment, shall be governed by, and construed in accordance with, the law of
the state of New York applicable to agreements made and to be performed
entirely within such state;  provided that the Administrative
Agent and each Lender shall retain all rights arising under federal law.

 

(d)                                 This
Amendment, may be executed in any number of counterparts, each of which shall
be deemed an original, but all such counterparts together shall constitute but
one and the same instrument.

 

(e)                                  This
Amendment, together with the Credit Agreement, contains the entire and
exclusive agreement of the parties hereto with reference to the matters
discussed herein and therein.  This
Amendment, supersedes all prior drafts and communications with respect
thereto.  This Amendment may not be
amended except in accordance with the provisions of Section 10.1 of the
Credit Agreement.

 

(f)                                    If
any term or provision of this Amendment, shall be deemed prohibited by or
invalid under any applicable law, such provision shall be invalidated without
affecting the remaining provisions of this Amendment or the Credit Agreement,
respectively.

 

4

 

(g)                                 The
Borrower hereby covenants to pay or to reimburse the Administrative Agent and
the Lenders, upon demand, for all reasonable costs and expenses (including
reasonable attorney fees and expenses) incurred in connection with the
development, preparation, negotiation, execution and delivery of this
Amendment.

 

5

 

IN WITNESS WHEREOF, the parties hereto have executed
and delivered this Amendment as of the date first above written.

 

 

	
   

  	
  LOUISIANA-PACIFIC 

  CORPORATION, as the Borrower

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  	 

	
   

  	
  Title:

  	
   

  	
   

  	 

						

 

S-1

 

	
   

  	
  BANK
  OF AMERICA, N.A.,  as 

  Administrative Agent, an L/C Issuer and a 

  Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  	 

	
   

  	
  Title:

  	
   

  	
   

  	 

						

 

S-2

 

	
   

  	
  WACHOVIA BANK, N.A., as
  Syndication 

  Agent, L/C Issuer and a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  	 

	
   

  	
  Title:

  	
   

  	
   

  	 

						

 

S-3

 

	
   

  	
  ROYAL BANK OF CANADA, as
  

  Documentation Agent and a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  	 

	
   

  	
  Title:

  	
   

  	
   

  	 

						

 

S-4

 

	
   

  	
  THE
  BANK OF NOVA SCOTIA, as a 

  Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  	 

	
   

  	
  Title:

  	
   

  	
   

  	 

						

 

S-5

 

	
   

  	
  EXPORT DEVELOPMENT CANADA,  as
  a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  	 

	
   

  	
  Title:

  	
   

  	
   

  	 

	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  	 

	
   

  	
  Title:

  	
   

  	
   

  	 

						

 

S-6

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