Document:

Exhibit

EXECUTION VERSION

FIRST AMENDMENT dated as of October 7, 2019 (this “Amendment”) to the CREDIT AGREEMENT dated as of August 22, 2011, as amended and restated as of July 25, 2013, as further amended and restated as of March 31, 2016, and as further amended and restated as of August 28, 2019, among NCR CORPORATION (the “Borrower”), the LENDERS party thereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent (the “Administrative Agent”) (as amended and in effect prior to the effectiveness of this Amendment, the “Credit Agreement”).
WHEREAS, the Borrower has requested that the Lenders amend the Credit Agreement in the manner set forth below, and the Lenders whose signatures appear below, constituting the Required Lenders, are willing to amend the Credit Agreement, on the terms and subject to the conditions set forth herein.
NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto hereby agree as follows:
SECTION 1.  Defined Terms.  Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Credit Agreement (as amended hereby).
SECTION 2.      Amendment of the Credit Agreement.  Effective as of the First Amendment Effective Date (as defined below), Section 5.11(a) of the Credit Agreement is amended by deleting the second sentence thereof and replacing it with the following text:
“The proceeds of the Delayed Draw Term Loans will be used (i) solely to refinance all of the Existing 5.875% Notes and to pay fees and expenses in connection therewith and (ii) to the extent of any remaining proceeds, solely to refinance all or any portion of the Existing 6.375% Notes and to pay fees and expenses in connection therewith; provided that the Company may temporarily use the proceeds of the Delayed Draw Term Loans to repay Revolving Loans, so long as on or prior to December 31, 2019 such proceeds are ultimately reapplied as set forth above.”
SECTION 3.      Representations and Warranties.  To induce the other parties hereto to enter into this Amendment, the Borrower hereby represents and warrants to the Administrative Agent and the Lenders that:
(a)      This Amendment has been duly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally, and to general principles of equity, regardless of whether considered in a proceeding in equity or at law.
(b)      On the First Amendment Effective Date, and after giving effect to this Amendment, the representations and warranties of each Loan Party set forth in the Credit Agreement and in each other Loan Document are true and correct (i) in the case of the representations and warranties qualified as to materiality, in all respects and (ii) otherwise, in all material respects, in each case as though made on and as of the First Amendment Effective Date, except in the case of any such representation and warranty that expressly relates to a prior date, in which case such representation and warranty is so true and correct on and as of such prior date.
(c)      On and as of the First Amendment Effective Date, no Default or Event of Default has occurred and is continuing.
SECTION 4.      Effectiveness.  This Amendment shall become effective on the date (the “First Amendment Effective Date”) on which the Administrative Agent (or its counsel) shall have received duly executed counterparts (which may include telecopy, emailed .pdf or any other electronic means that reproduces an image of the actual executed signature page of a signed counterpart of this Amendment) hereof that, when taken together, bear the authorized signatures of the Administrative Agent, the Borrower and Lenders constituting the Required Lenders.  The Administrative Agent shall notify the Borrower and the Lenders of the First Amendment Effective Date, and such notice shall be conclusive and binding. 
SECTION 5.      Expenses. The Borrower agrees to reimburse the Administrative Agent for its reasonable out-of-pocket expenses in connection with this Amendment and the transactions contemplated hereby, including the reasonable fees, charges and disbursements of counsel to the Administrative Agent.
SECTION 6.      Effect of Amendment.  %2.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 and remedies of the Administrative Agent, the Issuing Banks or the Lenders under the Credit Agreement or any of the other Loan Documents, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any of the other Loan Documents, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  Nothing herein shall be deemed to entitle the Borrower to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any of the other Loan Documents in similar or different circumstances.
(a)      On and after the First Amendment Effective Date, any reference to the Credit Agreement in any Loan Document shall be deemed to be a reference to the Credit Agreement as amended by this Amendment.
(b)      This Amendment shall constitute a Loan Document for all purposes of the Credit Agreement and each other Loan Document. 
SECTION 7.      Applicable Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.
SECTION 8.      Counterparts.  This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed counterpart of a signature page of this Agreement by telecopy, emailed .pdf or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement.
SECTION 9.      Headings. The Section headings used herein are for convenience of reference only, are not part of this Amendment and are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment.
SECTION 10.      Incorporation by Reference.  The submission to jurisdiction, service of process, venue, judgment currency, waiver of immunity and waiver of jury trial provisions set forth in the Credit Agreement are hereby incorporated by reference, mutatis mutandis.
[Remainder of page intentionally left blank]

IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the day and year first above written.
	
		
	NCR CORPORATION,

	by

	 
	/s/ Farzad Jalil

	 
	Name: Farzad Jalil

	 
	Title: Assistant Treasurer

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

	by

	 
	/s/ John G. Kowalczuk

	 
	Name: John G. Kowalczuk

	 
	Title: Executive Director

	
		
	BANK OF AMERICA, N.A.,  
as Lender,

	by

	 
	/s/ Kyle Oberkrom

	 
	Name: Kyle Oberkrom

	 
	Title: Associate

Name of Lender: WELLS FARGO BANK, NATIONAL ASSOCIATION
	
		
	 

	by

	 
	/s/ Evan Waschitz

	 
	Name:   Evan Waschitz

	 
	Title:   Director

Name of Lender: MUFG BANK, LTD.
	
		
	 

	by

	 
	/s/ Matthew Antioco

	 
	Name:   Matthew Antioco

	 
	Title:   Director

Name of Lender: PNC Bank, National Association
	
		
	 

	by

	 
	/s/ Jeffrey Mills

	 
	Name:   Jeffrey Mills

	 
	Title:   Vice President

Name of Lender: ROYAL BANK OF CANADA
	
		
	 

	by

	 
	/s/ Kamran Khan

	 
	Name:   Kamran Khan

	 
	Title:   Authorized Signatory

For any Lender requiring a second signature block:

	
		
	 

	by

	 
	 

	 
	Name:   

	 
	Title:   

Name of Lender: SUNTRUST BANK
	
		
	 

	by

	 
	/s/ David Bennett

	 
	Name:   David Bennett

	 
	Title:   Director

Name of Lender: Capital One National Association
	
		
	 

	by

	 
	/s/ Timothy A. Ramijanc

	 
	Name:   Timothy A. Ramijanc

	 
	Title:   Duly Authorized Signatory

Name of Lender: Fifth Third Bank
	
		
	 

	by

	 
	/s/ Dan Komitor

	 
	Name:   Dan Komitor

	 
	Title:   Senior Relationship Manager

Name of Lender: CITIBANK, N.A.
	
		
	 

	by

	 
	/s/ Javier Escobar

	 
	Name:   Javier Escobar

	 
	Title:   Director and Vice President

Name of Lender: UNICREDIT BANK AG, NEW YORK BRANCH
	
		
	 

	by

	 
	/s/ Julien Tizorin

	 
	Name:   Julien Tizorin

	 
	Title:   Managing Director

	
		
	 

	by

	 
	/s/ Byron Korutz

	 
	Name:   Byron Korutz 

	 
	Title:   Associate Director

Name of Lender: TD BANK, N.A.
	
		
	 

	by

	 
	/s/ Shreya Shah

	 
	Name:   Shreya Shah

	 
	Title:   Senior Vice President

Name of Lender: Santander Bank, NA
	
		
	 

	by

	 
	/s/ Patrick McMullan

	 
	Name:   Patrick McMullan

	 
	Title:   Senior Vice President

For any Lender requiring a second signature block:

	
		
	 

	by

	 
	 

	 
	Name:   

	 
	Title:   

Name of Lender: THE NORTHERN TRUST COMPANY
	
		
	 

	by

	 
	/s/ Kimberly A. Crotty

	 
	Name:   Kimberly A. Crotty

	 
	Title:   Vice President

Name of Lender: HSBC BANK USA, National Association
	
		
	 

	by

	 
	/s/ Chris Pirkle

	 
	Name:   Chris Pirkle

	 
	Title:   SVP – Regional Director

For any Lender requiring a second signature block:

	
		
	 

	by

	 
	 

	 
	Name:   

	 
	Title:   

Name of Lender: KeyBank National Association
	
		
	 

	by

	 
	/s/ Karson Malecky

	 
	Name:   Karson Malecky

	 
	Title:   Vice President

For any Lender requiring a second signature block:

	
		
	 

	by

	 
	 

	 
	Name:   

	 
	Title:   

Name of Lender: Standard Chartered Bank
	
		
	 

	by

	 
	/s/ James Beck

	 
	Name:   James Beck

	 
	Title:   Associate Director

For any Lender requiring a second signature block:

	
		
	 

	by

	 
	 

	 
	Name:   

	 
	Title:   

Name of Lender: Branch Banking & Trust Company
	
		
	 

	by

	 
	/s/ Ketak Sampat

	 
	Name:   Ketak Sampat

	 
	Title:   Senior Vice President

For any Lender requiring a second signature block:

	
		
	 

	by

	 
	 

	 
	Name:   

	 
	Title:   

Name of Lender: People's United Bank, N.A.
	
		
	 

	by

	 
	/s/ Darci Buchanan

	 
	Name:   Darci Buchanan

	 
	Title:   Senior Vice President

For any Lender requiring a second signature block:

	
		
	 

	by

	 
	 

	 
	Name:   

	 
	Title:   

Name of Lender: SYNOVUS BANK
	
		
	 

	by

	 
	/s/ Chandra Cockrell

	 
	Name:   Chandra Cockrell

	 
	Title:   Relationship Manager

Name of Lender: Capital Bank
	
		
	 

	by

	 
	/s/ Kevin McConaha

	 
	Name:   Kevin McConaha

	 
	Title:   VP/Senior Commercial Relationship Manager

For any Lender requiring a second signature block:

	
		
	 

	by

	 
	 

	 
	Name:   

	 
	Title:   

Name of Lender: _First National Bank of Omaha
	
		
	 

	by

	 
	/s/ Dale Ervin

	 
	Name:   Dale Ervin

	 
	Title:   Senior Advisor

For any Lender requiring a second signature block:

	
		
	 

	by

	 
	 

	 
	Name:   

	 
	Title:Exhibit

EXECUTION VERSION
 

SIXTH AMENDMENT TO THE 
RECEIVABLES FINANCING AGREEMENT
This SIXTH AMENDMENT TO THE RECEIVABLES FINANCING AGREEMENT (this “Amendment”), dated as of March 31, 2020, is entered into by and among the following parties:
		
	(i)
	NCR RECEIVABLES, LLC, a Delaware limited liability company, as Borrower (together with its successors and assigns, the “Borrower”);

		
	(ii)
	NCR CORPORATION, a Maryland corporation (the “Servicer”), as initial Servicer;

		
	(iii)
	MUFG BANK, LTD. (f/k/a The Bank of Tokyo Mitsubishi UFJ, Ltd., New York Branch), as a Committed Lender and as a Group Agent;

		
	(iv)
	VICTORY RECEIVABLES CORPORATION, as a Conduit Lender; and

		
	(v)
	PNC BANK, NATIONAL ASSOCIATION, as a Committed Lender, as a Group Agent and as the Administrative Agent (in such capacity, the “Administrative Agent”).

Capitalized terms used but not otherwise defined herein (including such terms used above) have the respective meanings assigned thereto in the Receivables Financing Agreement described below.
BACKGROUND
1.The parties hereto have entered into a Receivables Financing Agreement, dated as of November 21, 2014 (as amended, amended and restated, supplemented or otherwise modified prior to the date hereof, the “Existing Receivables Financing Agreement”).
2.    Concurrently herewith, the parties hereto are entering into that certain Fifth Amended and Restated Fee Letter (the “Amended Fee Letter”).
3.    The parties hereto desire to amend the Existing Receivables Financing Agreement as set forth herein (as so amended, the “Receivables Financing Agreement”).
NOW, THEREFORE, with the intention of being legally bound hereby, and in consideration of the mutual undertakings expressed herein, each party to this Amendment hereby agrees as follows:
SECTION 1.    Amendments to the Existing Receivables Financing Agreement.  The Existing Receivables Financing Agreement is hereby amended as follows:
(a)    Paragraph (b) of in the definition of “Excess Concentration Amount” set forth in Article I is hereby amended by replacing the percentage “15.00%” where it appears therein with the percentage “30.00%”.
(b)    Paragraph (d) of in the definition of “Excess Concentration Amount” set forth in Article I is hereby amended by replacing the percentage “5.00%” where it appears therein with the percentage “10.00%”.
(c)    Clause (a) of in the definition of “Loss Reserve Percentage” set forth in Article I is hereby amended by replacing the percentage “85.00%” where it appears therein with the percentage “70.00%”.
(d)    Clause (b) of in the definition of “Loss Reserve Percentage” set forth in Article I is hereby amended by replacing the percentage “15.00%” where it appears therein with the percentage “30.00%”.
SECTION 2.    Representations and Warranties of the Borrower and Servicer.  The Borrower and the Servicer hereby represent and warrant to each of the parties hereto as of the date hereof as follows:
(a)    Representations and Warranties.  The representations and warranties made by it in Section 6.01 or Section 6.02, as applicable, of the Receivables Financing Agreement are true and correct on and as of the date hereof unless such representations and warranties by their terms refer to an earlier date, in which case they shall be true and correct on and as of such earlier date.
(b)    Power and Authority; Due Authorization.  It (i) has all necessary power and authority to (A) execute and deliver this Amendment, the Receivables Financing Agreement and the other Transaction Documents to which it is a party and (B) perform its obligations under this Amendment, the Receivables Financing Agreement and the other Transaction Documents to which it is a party and (ii) the execution, delivery and performance of, and the consummation of the transactions provided for in, this Amendment, the Receivables Financing Agreement and the other Transaction Documents to which it is a party have been duly authorized by it by all necessary limited liability company action or corporate action, as applicable.
(c)    Binding Obligations.  This Amendment, the Receivables Financing Agreement and each of the other Transaction Documents to which it is a party constitutes its legal, valid and binding obligations, enforceable against it in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.
(d)    No Termination Event.  No Termination Event or Unmatured Termination Event has occurred and is continuing, and no Termination Event or Unmatured Termination Event would result from this Amendment.
SECTION 3.    Effect of Amendment; Ratification.  All provisions of the Receivables Financing Agreement and the other Transaction Documents, as expressly amended and modified by this Amendment, shall remain in full force and effect. After this Amendment becomes effective, all references in the Receivables Financing Agreement (or in any other Transaction Document) to “this Receivables Financing Agreement”, “this Agreement”, “hereof”, “herein” or words of similar effect referring to the Receivables Financing Agreement shall be deemed to be references to the Receivables Financing Agreement as amended by this Amendment. This Amendment shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Receivables Financing Agreement other than as set forth herein.  The Receivables Financing Agreement, as amended by this Amendment, is hereby ratified and confirmed in all respects.
SECTION 4.    Conditions to Effectiveness.  This Amendment shall become effective as of the date hereof upon the satisfaction of the following conditions precedent:
(a)Execution of Amendment. The Administrative Agent shall have received counterparts hereto duly executed by each of the parties hereto.
(b)    Execution of Amended Fee Letter. The Administrative Agent shall have received counterparts of the Amended Fee Letter duly executed by each of the parties thereto.
(c)    Receipt of Fees. The Administrative Agent shall have received confirmation that all fees owing under the Amended Fee Letter have been paid, or will be paid, in full in accordance with the terms of the Amended Fee Letter.
SECTION 5.    Severability.  Any provisions of this Amendment which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
SECTION 6.    Transaction Document.  This Amendment shall be a Transaction Document for purposes of the Receivables Financing Agreement.
SECTION 7.    Counterparts.  This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument.  Delivery of an executed counterpart of a signature page to this Amendment by facsimile or e-mail transmission shall be effective as delivery of a manually executed counterpart hereof.
SECTION 8.    GOVERNING LAW AND JURISDICTION. 
(a)    THIS AMENDMENT, INCLUDING THE RIGHTS AND DUTIES OF THE PARTIES HERETO, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BUT WITHOUT REGARD TO ANY OTHER CONFLICTS OF LAW PROVISIONS THEREOF, EXCEPT TO THE EXTENT THAT THE PERFECTION, THE EFFECT OF PERFECTION OR PRIORITY OF THE INTERESTS OF ADMINISTRATIVE AGENT OR ANY LENDER IN THE COLLATERAL IS GOVERNED BY THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF NEW YORK).
(b)    EACH PARTY HERETO HEREBY IRREVOCABLY SUBMITS TO (I) WITH RESPECT TO THE BORROWER AND THE SERVICER, THE EXCLUSIVE JURISDICTION, AND (II) WITH RESPECT TO EACH OF THE OTHER PARTIES HERETO, THE NON-EXCLUSIVE JURISDICTION, IN EACH CASE, OF ANY NEW YORK STATE OR FEDERAL COURT SITTING IN NEW YORK CITY, NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AMENDMENT, AND EACH PARTY HERETO HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING (I) IF BROUGHT BY THE BORROWER, THE SERVICER OR ANY AFFILIATE THEREOF, SHALL BE HEARD AND DETERMINED, AND (II) IF BROUGHT BY ANY OTHER PARTY TO THIS AMENDMENT, MAY BE HEARD AND DETERMINED, IN EACH CASE, IN SUCH NEW YORK STATE COURT OR, TO THE EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT.  NOTHING IN THIS SECTION 8 SHALL AFFECT THE RIGHT OF THE ADMINISTRATIVE AGENT OR ANY OTHER CREDIT PARTY TO BRING ANY ACTION OR PROCEEDING AGAINST THE BORROWER OR THE SERVICER OR ANY OF THEIR RESPECTIVE PROPERTY IN THE COURTS OF OTHER JURISDICTIONS.  EACH OF THE BORROWER AND THE SERVICER HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING.  THE PARTIES HERETO AGREE THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW.
SECTION 9.    Section Headings.  The various headings of this Amendment are included for convenience only and shall not affect the meaning or interpretation of this Amendment, the Receivables Financing Agreement or any provision hereof or thereof.

[Signature pages follow.]

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

NCR RECEIVABLES LLC, 
as the Borrower
 
By:    
Name: Farzad Jalil 
Title:   Assistant Secretary and Assistant Treasurer

	 
	 

	 
	 

	 
	

	 
	NCR CORPORATION,
as the Servicer 
 
 
By:     
Name:  Chanda Kirchner 
Title:     Assistant Secretary

	
		
	 
	 

	 
	PNC BANK, NATIONAL ASSOCIATION, 
as a Administrative Agent 

 
By:    
Name:  Eric Bruno 
Title:    Senior Vice President

	 
	

	 
	 

	 
	PNC BANK, NATIONAL ASSOCIATION, 
as a Group Agent 

 
By:    
Name:  Eric Bruno 
Title:    Senior Vice President

	 
	 

	 
	

	 
	PNC BANK, NATIONAL ASSOCIATION, 
as a Committed Lender 

 
By:    
Name:  Eric Bruno 
Title:    Senior Vice President

	
		
	 
	MUFG BANK, LTD., 
as a Committed Lender  
 
 
By:    
Name:  Eric Williams 
Title:     Managing Director

	 
	

MUFG BANK, LTD., 
as a Group Agent  
 
 
By:     
Name:  Eric Williams 
Title:    Managing Director

VICTORY RECEIVABLES CORPORATION, 
as a Conduit Lender  
 
 
By:    
Name:  Kevin J. Corrigan 
Title:    Vice President

	
			
	 
	 
	 

736657711 14453710

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