Document:

EX-4.1

 Exhibit 4.1 
  

 
  

THE BANK OF NOVA SCOTIA 
  

 
  

By-laws 
  

As at 5th April, 2011 
  

 
  
 

 

							
	 	 	 
	  	  	Table of Contents	 	  	 
			
	 	  	By-law No. 1	 	 	 
	 	  	A By-law to Regulate the Business and Affairs of the Bank	 	 	 
	 	  	  	 	  	 
	 	  	Interpretation	 	 	 
	1.01	  		 	 	3	  
			
		  	Shareholders	 			
	2.01	  	Annual and special meetings	 	 	3	  
	2.02	  	Notice of meetings	 	 	4	  
	2.03	  	Quorum	 	 	4	  
	2.04	  	Presiding officer and secretary	 	 	4	  
	2.05	  	Scrutineers	 	 	4	  
	2.06	  	Voting	 	 	4	  
	2.07	  	Dividends	 	 	4-5	  
			
		  	Directors and Officers	 			
	3.01	  	Number of Directors	 	 	5	  
	3.02	  	Fixing number	 	 	5	  
	3.03	  	Filling vacancy	 	 	5	  
	3.04	  	Retirement age	 	 	5	  
	3.05	  	Meetings	 	 	5	  
	3.06	  	Special meetings	 	 	5	  
	3.07	  	Quorum	 	 	6	  
	3.08	  	Board procedure	 	 	6	  
	3.09	  	Committees	 	 	6	  
	3.10	  	Committee procedure	 	 	6	  
	3.11	  	Chief Executive Officer	 	 	6	  
	3.12	  	Other Officers	 	 	6	  
	3.13	  	Compensation	 	 	6	  
	3.14	  	Indemnity and insurance	 	 	7	  
	3.15	  	Secrecy	 	 	7	  
			
	 	  	 	 	 	 	 

  
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		  	Declarations and Securities	 			
	4.01	  	Declarations	 	 	7-8	  
	4.02	  	Failure to submit declaration – Entries in securities registers	 	 	8	  
			
		  	Repeal and Effective Date	 			
	5.01	  	Repeal	 	 	8	  
	 	  	 	 	 	 	 
		  	 By-law No. 2
 A By-law Providing
for the Class Rights of Certain Classes of Shares in the Authorized Capital of the Bank and Respecting Shareholders’ Pre-emptive Rights
	 			
		  	 	 			
	1.	  	Preferred Shares	 			
		  	(a) Class rights	 	 	8-9	  
		  	(b) Powers of Directors	 	 	10	  
		  	(c) Series rights	 	 	10	  
		  	(d) Amendments	 	 	10	  
			
	2.	  	Common Shares	 	 	10-11	  
			
	3.	  	No Pre-emptive Right	 	 	11	  
	 	  	 	 	 	 	 
		  	By-law No. 3	 			
		  	A By-law Providing for the Subdivision of the Common Shares of the Bank	 	 	11	  
	 	  	 	 	 	 	 
		  	By-law No. 4	 			
		  	A By-law providing for the authorized capital of the Bank	 	 	11-12	  
	 	  	 	 	 	 	 
		  	By-law No. 5	 			
		  	A By-law Providing for the Subdivision of the Common Shares of the Bank	 	 	12	  
	 	  	 	 	 	 	 

  
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	 	  	 By-law No. 1

A By-law to Regulate the Business and Affairs of the Bank
	 	 
			
	 	  	Interpretation	 	 
	  	  	  	 	 
	1.01	  	In this by-law and all other by-laws and resolutions of the Bank, unless the context otherwise requires:	 	
			
		  	 (a)    the following terms shall have the meanings specified:
	 	
		  	 (i)     “Act” means the Bank Act or any statute which may be
substituted therefor, as amended from time to time;
 (ii)   “Bank” means The Bank of Nova
Scotia (English form) and La Banque de Nouvelle-Écosse (French form);
 (iii)  “Board”
means the Board of Directors of the Bank;
 (iv)  “Committee” means a committee of Directors
established pursuant to the By-laws or by the Board;
 (v)    “Director” means a
director of the Bank;
 (vi)  “meeting of Shareholders” means an annual meeting of Shareholders,
a special meeting of Shareholders, or both, and includes a meeting of any class or series of any class of Shareholders;

(vii) “Officer” means the chief executive officer, a president, any vice-president, secretary,
controller or treasurer of the Bank and any natural person designated as an officer of the Bank by by-law or by resolution of the Board; and

(viii)“Shareholder” means a shareholder of the Bank;
	 	
			
		  	 (b)    terms used herein that are defined in the Act shall have the meanings
given to those terms in the Act unless defined otherwise herein; and
  

(c)    words importing gender shall include the feminine, masculine and neuter genders, and words
importing the singular number shall include the plural number, and vice versa.
	 	
		  	 	 	
		  	Shareholders	 	
	 	  	 	 	
	2.01	  	Annual and special meetings – The Board shall call an annual meeting of Shareholders to be held not later than 6 months after the end of each financial year. The Board may at any time call a special meeting of
Shareholders.	 	
	 	  	 	 	

  

  
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	2.02	  	Notice of meetings – Notice of the time and place of each meeting of Shareholders shall be given in accordance with the Act. The accidental failure to give notice of a meeting of Shareholders to any person entitled
thereto or any error in such notice not affecting the substance thereof shall not invalidate any action taken at the meeting.	 	
	 	  	 	 	
	2.03	  	Quorum – At any meeting of Shareholders, the holders, present in person or represented by proxyholders of at least 10% of the outstanding shares of the Bank entitled to be voted at the meeting shall constitute a
quorum for the transaction of business. However, where the provisions relating to a class or series of shares otherwise provide for the quorum for meetings of the holders thereof, such provisions shall apply to meetings of such Shareholders.	 	
	 	  	 	 	
	2.04	  	Presiding officer and secretary – The Chair of the Board shall preside at meetings of the Shareholders. In the absence of the Chair of the Board, the chair of a meeting of Shareholders shall be appointed by the Board
from among the Directors. The Board shall designate a secretary to act at meetings of the Shareholders.	 	
	 	  	 	 	
	2.05	  	Scrutineers – At any meeting of Shareholders, the chair of the meeting may appoint one or more persons, who may but need not be Shareholders, to serve as scrutineers with such duties as the chair may determine.	 	
	 	  	 	 	
	2.06	  	Voting – Voting at any meeting of Shareholders shall take place by show of hands except when, either before or after a show of hands, a ballot is required by the chair of the meeting or is requested by any person
present and entitled to vote at the meeting. On a show of hands, each person present and entitled to vote at the meeting shall have one vote. On a ballot, each Shareholder present in person or represented by proxyholder at the meeting and entitled
to vote thereat shall have one vote for each share entitled to be voted which the Shareholder owns. Any ballot shall be taken in such manner as the chair of the meeting directs.	 	
	 	  	 	 	
	2.07	  	Dividends – The mailing or other transmission to any Shareholder at the Shareholder’s address as recorded in the Bank’s securities register of a cheque payable to the Shareholder or the Shareholder’s
order, or the electronic deposit in accordance with the last instructions of the Shareholder received by the Bank or its transfer agent, for the amount of any dividend payable in cash shall discharge the Bank’s liability for the dividend to the
extent of the amount of the cheque or the electronic deposit plus the amount of any tax which the Bank has properly	 	

  
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		  	withheld, unless the cheque is not paid on due presentation. If any cheque for a dividend payable in cash is not received, the Bank shall issue to the Shareholder a replacement cheque for the same amount on such reasonable terms
as to indemnity and evidence of non-receipt as the Board or any Officer or agent designated by the Board may impose. Any dividend unclaimed for a period of 6 years from the date on which it was payable shall be forfeited and shall revert to the
Bank.	 	
		  	 	 	
		  	Directors and Officers	 	
	 	  	 	 	
	3.01	  	Number of Directors – The number of Directors shall be a minimum as required by the Act and a maximum of 35.	 	
	 	  	 	 	
	3.02	  	Fixing number – Prior to each annual meeting of Shareholders, the Board shall fix the number of Directors to be elected at such meeting.	 	
	 	  	 	 	
	3.03	  	Filling vacancy – Subject to the Act, a quorum of Directors may fill a vacancy among the Directors which exists for any reason.	 	
	 	  	 	 	
	3.04	  	Retirement age – Deleted.	 	
	 	  	 	 	
	3.05	  	Meetings – Meetings of the Board shall be held at Toronto or at other places on days and at times determined from time to time by the Board and notice thereof shall be sent by prepaid mail, by personal delivery or
other means of transmitted or recorded communication at least one week before the date of the meeting to each Director at his/her address or communication number last recorded with the Secretary.	 	
	 	  	 	 	
	3.06	  	Special meetings – The Chair of the Board, the Chief Executive Officer, the President or any three Directors may call a special meeting of the Board to be held at any place at any time he/she or they are of the
opinion that the interests of the Bank require it. Notice of such special meeting shall be sent by prepaid mail, by personal delivery or other means of transmitted or recorded communication or by telephone at least 12 hours before the meeting to
each Director at his/her address or communication number last recorded with the Secretary.	 	
	 	  	 	 	

  
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	3.07	  	Quorum – Subject to the Act, a quorum for the transaction of business at any meeting of the Board shall consist of 5 Directors.	 	
	 	  	 	 	
	3.08	  	Board procedure – Subject to the Act, the Board shall have the power to regulate its procedure and shall designate a chair to preside at meetings of Directors. In the event of an equality of votes on any question at a
meeting of the Board, the chair of the meeting shall be entitled to a second or casting vote.	 	
	 	  	 	 	
	3.09	  	Committees – The Board may appoint such Committees as it deems necessary and, subject to the Act, delegate to those Committees such powers of the Directors and assign to them such duties as the Board considers
appropriate.	 	
	 	  	 	 	
	3.10	  	Committee procedure – Unless otherwise determined by the Board or provided herein, and subject to the Act, each Committee shall have the power to elect its chair, to regulate its procedure and to fix its quorum;
provided that no less than 2 members of any Committee shall constitute a quorum at a meeting thereof.	 	
	 	  	 	 	
	3.11	  	Chief Executive Officer – The Board shall elect from their number a Chief Executive Officer who must be ordinarily resident in Canada and who, subject to the Act and to the authority of the Board and any Committee,
shall exercise general supervision, direction and control over the business and affairs of the Bank.	 	
	 	  	 	 	
	3.12	  	Other Officers – The Board shall elect from their number a Chair of the Board and may elect a President (who may be the same person and either of whom may be the Chief Executive Officer) having such responsibilities
as may be assigned to them by the Board. The Board may elect or appoint such other Officers having such responsibilities as may be assigned to them by the Board.	 	
	 	  	 	 	
	3.13	  	Compensation – For each financial year, a sum not exceeding $3,500,000 may be taken by the Board from the funds of the Bank as remuneration for their services as Directors, and the Directors may from time to time
apportion the same among themselves in such manner as they shall think fit. The Directors shall also be entitled to be reimbursed for travelling and other expenses properly incurred by them in attending meetings of the Board, of any Committee of the
Board, or of Shareholders.	 	
	 	  	 	 	

  
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	3.14	  	Indemnity and insurance –	 	
		  	 (1)    Subject to the limitations contained in the Act, but without limit to the right of the Bank to indemnify
any other person under the Act or otherwise, the Bank shall indemnify a Director or Officer, a former Director or Officer, or a person who acts or acted at the Bank’s request as a director or officer of or in a similar capacity for another
entity and his/her heirs and personal representatives, against all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by them in respect of any civil, criminal, administrative,
investigative or other proceeding in which they are involved because of that association with the Bank or other entity, if
	 	
			
		  	 (a)    the person acted honestly and in good faith with a view to the best
interests of, as the case may be, the Bank or other entity for which they acted at the Bank’s request as a director or officer or in a similar capacity, and
  

(b)    in the case of a criminal or administrative action or proceeding that is enforced by a
monetary penalty, the person had reasonable grounds for believing that his/her impugned conduct was lawful.
	 	
			
		  	 (2)    Subject to the limitations contained in the Act, the Bank may purchase
and maintain such insurance for the benefit of such persons referred to in subsection (1) as the Board may from time to time determine.
  

(3)    Subject to the limitations contained in the Act, the Bank may advance amounts to such
persons referred to in subsection (1) for the costs, charges and expenses of a proceeding referred to in that subsection.
	 	
	 	  	 	 	
	3.15	  	Secrecy – Every Director and Officer shall be bound to secrecy with respect to all information relating to the Bank or its customers that the Director or Officer obtains in his/her capacity as a Director or Officer
and shall only disclose such information if he/she is authorized by the Board or required by law to do so.	 	
		  	 	 	
		  	Declarations and Securities	 	
	 	  	 	 	
	4.01	  	Declarations – The Board may make such arrangements as it deems necessary to require any person in whose name shares of the Bank are held, any person desiring to have a transfer of shares of the Bank to such person
made or recorded in a register of securities of the Bank, and any	 	

  
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		  	person desiring to have issued to such person shares of the Bank to submit a declaration with respect to such matters as the Board may deem relevant for the purposes of the provisions of the Act dealing with the ownership of
securities of the Bank by any person. Declarations shall be in such form as the Board may from time to time approve.	 	
	 	  	 	 	
	4.02	  	Failure to submit declaration – Entries in securities registers – If a person who desires to have a transfer of shares of the Bank to such person made or recorded in a register of securities of the Bank or
desires to have issued to such person shares of the Bank, fails to submit a declaration as required under section 4.01 the Bank may refuse to allow such transfer to be made or recorded or to accept such subscription.	 	
		  	 	 	
		  	Repeal and Effective Date	 	
	 	  	 	 	
	5.01	  	Repeal – By-law No. 1 of the Bank is repealed as of the coming into force of this by-law. Such repeal shall not affect the previous operation of such by-law so repealed or affect the validity of any act done or
right, privilege, obligation or liability acquired or incurred under, or the validity of any changes in the charter of the Bank obtained pursuant to any such by-law prior to its repeal. All officers and persons acting under such by-law so repealed
shall continue to act as if appointed under the provisions of this by-law and all resolutions of the Shareholders or the Board or a Committee with continuing effect under such repealed by-law shall continue to be good and valid except to the extent
inconsistent with this by-law or until amended or repealed.	 	
	 	  	 	 	
		  	 By-law No. 2
 A By-law Providing
for the Class Rights of Certain Classes of Shares in the Authorized Capital of the Bank and Respecting Shareholders’ Pre-emptive Rights
	 	
		  	 	 	
	1.	  	Preferred Shares	 	
	 	  	 	 	
	(a)	  	Class rights – The rights, privileges, restrictions and conditions attaching to the class of shares in the authorized capital of the Bank designated as preferred shares (herein referred to as “preferred
shares”) shall be the following:	 	

  
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		  	 (i)     The preferred shares shall, as a class, be entitled to preference over the common shares of the
Bank and over any other shares of the Bank ranking junior to the preferred shares with respect to the payment of dividends and distribution of assets of the Bank in the event of the liquidation, dissolution or winding-up of the Bank, whether
voluntary or involuntary, or any other distribution of the assets of the Bank among its shareholders for the purpose of winding-up its affairs;
	 	
			
		  	 (ii)   The Bank shall not without, but may from time to time with, the authorization of the holders of the preferred
shares given as specified in subclause (iii) hereof and in compliance with applicable legal requirements, increase the authorized number of preferred shares or create any class or classes of share ranking in priority to or on a parity with the
preferred shares;
	 	
			
		  	 (iii)  Any authorization required to be given hereunder by the holders of the preferred shares shall be deemed to have
been sufficiently given if it shall have been given by a resolution passed at a general meeting of the holders of preferred shares duly called for that purpose and held upon at least 21 days’ notice at which holders of at least a majority of
the outstanding preferred shares are present or represented by proxy and carried by the affirmative vote of the holders of not less than two-thirds of the preferred shares cast on a poll at such meeting. If at any such meeting the holders of a
majority of the outstanding preferred shares are not present or represented by proxy within one-half hour after the time appointed for such meeting, then the meeting shall be adjourned to such date being not less than 3 days later and to such time
and place as may be appointed by the chairman of such meeting and not less than 2 days’ notice shall be given of such adjourned meeting but it shall not be necessary in such notice to specify the purpose for which the meeting was originally
called. At such adjourned meeting, the holders of preferred shares present or represented by proxy shall constitute a quorum and may transact the business for which the meeting was originally called. A resolution passed thereat by the affirmative
vote of the holders of not less than two-thirds of the preferred shares cast on a poll at such meeting shall constitute the authorization of the holders of the preferred shares referred to above. The formalities to be observed in respect of the
giving of notice of any such meeting or adjourned meeting and the conduct thereof shall be those from time to time prescribed by the by-laws of the Bank with respect to meetings of shareholders.
	 	

  
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	(b)	  	Powers of Directors - Subject to subclauses 1(a) and 1(c) hereof, the Directors of the Bank may from time to time by resolution,	 	
			
		  	 (i)     divide any unissued preferred shares into series and fix the number of shares in each series and
the rights, privileges, restrictions and conditions thereof including, without limitation, the designation of such series, the rate, amount or method of calculation of preferential dividends and whether such rate, amount or method of calculation
shall be subject to change or adjustment in the future, the dates of payment thereof, the voting rights, if any, to be attached to the preferred shares of such series, whether the preferred shares of such series are redeemable or purchasable for
cancellation and the redemption and/or purchase prices or the formula according to which the redemption price may be calculated, the terms and conditions of redemption and/or purchase, the conversion rights, if any, any sinking fund or other
provisions and the right of retraction, if any, vested in the holders of preferred shares of such series, and the prices and the other terms and conditions of any right of retraction and whether any additional rights of retraction may be vested in
such holders in the future, and
	 	
			
		  	 (ii)   change the rights, privileges, restrictions and conditions attached to unissued preferred shares of any
series.
	 	
			
	(c)	  	Series rights – If the Directors of the Bank exercise their powers referred to in subclause 1(b) hereof, the preferred shares of each series shall rank on a parity with the preferred shares of every other series with
respect to priority in payment of dividends and in the distribution of assets of the Bank in the event of liquidation, dissolution or winding-up of the Bank, whether voluntary or involuntary, or any other distribution of the assets of the Bank among
its shareholders for the purpose of winding-up its affairs.	 	
			
	(d)	  	Amendments – The provisions contained in this clause 1 may be deleted, varied, modified, amended or amplified with the prior authorization of the holders of the preferred shares given as provided in paragraph
1(a)(iii) hereof and in compliance with applicable legal requirements.	 	
			
		  	 	 	
			
	2.	  	Common Shares	 	
	 	  	 	 	
			
		  	The holders of the common shares shall be entitled to vote at all meetings of the shareholders of the Bank except meetings at which only the holders of preferred shares of one or more series are entitled to vote.	 	
			
		  	Subject to the rights, privileges, restrictions and conditions attached to the preferred shares, the holders of the common shares shall be entitled	 	

  
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		  	to receive dividends declared by the Board of Directors on the common shares from time to time.	 	
			
		  	After the payment to the holders of the preferred shares of the amount or amounts to which they may be entitled hereunder, the holders of the common shares shall be entitled to receive the remaining property of the Bank upon the
liquidation, dissolution or winding-up thereof.	 	
		  	 	 	
			
	3.	  	No Pre-emptive Right	 	
	 	  	 	 	
		  	Subject to any conversion, exchange or reclassification rights set forth in the rights, privileges, restrictions and conditions attaching to any series of preferred shares, the Directors may issue any shares of any class of the
Bank’s authorized capital without the shares so to be issued having been first offered to the shareholders holding shares of the Bank of that or any other class, and those shareholders shall not have a pre-emptive right to acquire the shares to
be issued.	 	
	 	  	 	 	
			
		  	 By-law No. 3
 A By-law Providing
for the Subdivision of the Common Shares of the Bank
	 	
		  	 	 	
			
		  	Subdivision of Shares	 	
	 	  	 	 	
			
		  	Be it enacted as By-law No. 3 of The Bank of Nova Scotia (the “Bank”) that the 75,000,000 issued and unissued common shares without nominal or par value of the capital stock of the Bank be subdivided, immediately
after the close of business on January 27, 1984, on a three-for-one basis, into 225,000,000 common shares without nominal or par value and that the aggregate consideration for which all of such shares may be issued shall remain at
$1,500,000,000.	 	
	 	  	 	 	
			
		  	 By-law No. 4
 A By-law providing
for the authorized capital of the Bank.
	 	
	 	  	 	 	
			
		  	The authorized capital of the Bank consists of:	 	
			
		  	 1.     an unlimited number of common shares without nominal or par value; and
	 	

  
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		  	 2.     an unlimited number of preferred shares without nominal or par value.
	 	
	 	  	 	 	
			
		  	 By-law No. 5
 A By-law providing
for the subdivision of common shares of the Bank.
	 	
	 	  	 	 	
			
		  	The number of issued and outstanding common shares of the Bank without nominal or par value is changed by being subdivided on a two-for-one basis, effective at the close of business on February 12, 1998.	 	
	 	  	 	 	

  
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 NOTES 

  

  
 The
Bank of Nova Scotia 
 Founded in 1832 
 Executive
Offices: 
 44 King Street West 
 Toronto, Ontario 

Canada M5H 1H1 
 Printed in Canada 

 
 Printed in Canada
                    ® Registered trademark of The Bank of Nova
Scotia.             5566010 (04/11)Exhibit 10.1

 

AMENDMENT NO. 2 TO AMENDED AND RESTATED CREDIT AGREEMENT

 

AMENDMENT NO. 2 TO AMENDED AND RESTATED CREDIT AGREEMENT, dated as of September 30, 2014 (this “Amendment No. 2”), is by and among Wells Fargo Bank, National Association, in its capacity as administrative and collateral agent (in such capacity, “Administrative Agent”) for the parties to the Credit Agreement (as defined below) as lenders (individually, each a “Lender” and collectively, “Lenders”), SUPERVALU Inc., a Delaware corporation (the “Lead Borrower”), the Subsidiaries of Lead Borrower party thereto as borrowers (each a “Borrower” and collectively, together with the Lead Borrower, the “Borrowers”), and the obligors party thereto as guarantors (each individually a “Guarantor” and collectively, “Guarantors”).

 

W I T  N  E  S  S  E  T  H :

 

WHEREAS, Agent, Lenders, Borrowers and Guarantors have entered into financing arrangements pursuant to which Lenders (or Administrative Agent on behalf of Lenders) have made and may make loans and advances and provide other financial accommodations to Borrowers as set forth in the Amended and Restated Credit Agreement, dated as of March 21, 2013, by and among Administrative Agent, Lenders, Borrowers and Guarantors (as from time to time amended, modified, supplemented, extended, renewed, restated or replaced, the “Credit Agreement”, and together with all agreements, documents and instruments at any time executed and/or delivered in connection therewith or related thereto, as from time to time amended, modified, supplemented, extended, renewed, restated, or replaced, collectively, the “Loan Documents”);

 

WHEREAS, Borrowers and Guarantors have requested that Administrative Agent and Lenders agree to make certain amendments to the Credit Agreement, and Administrative Agent and Lenders are willing to agree to make such amendments, subject to terms and conditions set forth herein; and

 

WHEREAS, by this Amendment No. 2, Administrative Agent, Lenders, Borrowers and Guarantors intend to evidence such amendments;

 

NOW, THEREFORE, in consideration of the foregoing and the mutual agreements and covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.  Definitions.

 

(a)  Additional Definitions. The Credit Agreement and the other Loan Documents shall be deemed and are hereby amended to include the following defined term:

 

“Amendment No. 2” means Amendment No. 2 to Credit Agreement, dated as of September 30, 2014, by and among Administrative Agent, Lenders, Borrowers and Guarantors, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced.

 

(b)  Amendments to Definitions. Section 1.01 of the Credit Agreement is hereby amended by deleting the definition of “Maturity Date” in its entirety and replacing it with the following:

 

“Maturity Date” means September 30, 2019 or such earlier date as provided in Section 2.07.

 

1

 

(c)  Interpretation. For purposes of this Amendment No. 2, all terms used herein which are not otherwise defined herein, including but not limited to, those terms used in the recitals hereto, shall have the respective meanings assigned thereto in the Credit Agreement as amended by this Amendment No. 2.

 

2.  Repayment of Loans. Section 2.07 of the Credit Agreement is hereby amended by deleting the words “Reserved” in clause (c) of Section 2.07 and replacing it with the following:

 

(c)  Notwithstanding the foregoing, in the event that there are any obligations outstanding under the Term Loan Facility on the date ninety (90) days prior to the scheduled maturity date of the Term Loan Facility, then the Obligations shall become immediately due and payable in full, and the Maturity Date for purposes of this Agreement shall be, such date ninety (90) days prior to the scheduled maturity date of the Term Loan Facility.

 

3.   Representations and Warranties.  Each Loan Party, jointly and severally, represents and warrants with and to Administrative Agent and Lenders as follows, which representations and warranties shall survive the execution and delivery hereof, the truth and accuracy of, or compliance with each, being a continuing condition of the making of any Loans by Lenders (or Administrative Agent on behalf of Lenders) to Borrowers:

 

(a)  As of the date of this Amendment No.2, and after giving effect thereto, no Default or Event of Default exists or has occurred and is continuing.

 

(b)  This Amendment No. 2 has been duly authorized, executed and delivered by all necessary action on the part of each Loan Party which is a party hereto and, if necessary, their respective equity holders and is in full force and effect as of the date hereof, as the case may be, and the agreements and obligations of each Loan Party contained herein constitute legal, valid and binding obligations of each Loan Party, enforceable against it in accordance with their terms, except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally the enforcement of creditors’ rights and except to the extent that availability of the remedy of specific performance or injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought.

 

(c)  The execution, delivery and performance of this Amendment No. 2 is within each Loan Party’s corporate, limited liability company or limited partnership powers.

 

(d)  None of the execution, delivery and/or performance of this Amendment No. 2 is in contravention of law or the terms of any Loan Party’s certificate or articles of incorporation, by laws, or other organizational documentation, or any indenture, agreement or undertaking to which any Borrower or Guarantor is a party or by which any Loan Party or its property are bound.

 

(e)  The resolutions of the Board of Directors or Managers of each Loan Party delivered to Agent by such Loan Party on the date of the effectiveness of the Credit Agreement have not been revoked and are in full force and effect.

 

(f)  All of the representations and warranties set forth in the Credit Agreement and the other Loan Documents, each as amended hereby, are true and correct in all material respects on and as of the date hereof, as if made on the date hereof, except to the extent any such representation or warranty is made as of a specified date, in which case such representation or warranty shall have been true and correct as of such date.

 

2

 

4.  Conditions Precedent. The amendments contained herein shall only be effective upon satisfaction of each of the following conditions precedent in a manner satisfactory to Administrative Agent:

 

(a)  Administrative Agent shall have received counterparts of this Amendment No. 2, as duly authorized, executed and delivered by Borrowers, Guarantors and Lenders;

 

(b)  Administrative Agent shall have received the Amendment No. 2 Fee Letter by and among Administrative Agent and Lead Borrower, as duly authorized, executed and delivered by Lead Borrower;

 

(c)  Administrative Agent shall have received payment in full in cash of the fees required to be paid pursuant to the Amendment No. 2 Fee Letter referred to above;

 

(d)  Administrative Agent shall have received a certificate of a Responsible Officer of Lead Borrower as to (i) the absence of any amendment to its articles of incorporation since certified copies of such articles were delivered to the Administrative Agent on the Closing Date, and (ii) certified copies of resolutions and delegations of authority authorizing this Amendment No. 2 and the transactions contemplated therein and herein; and

 

(e)  As of the date of this Amendment No. 2 and after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing.

 

5.   Effect of Amendment No. 2.  Except as expressly set forth herein, no other amendments, changes or modifications to the Loan Documents are intended or implied, and in all other respects the Loan Documents are hereby specifically ratified, restated and confirmed by all parties hereto as of the effective date hereof and Loan Parties shall not be entitled to any other or further amendment by virtue of the provisions of this Amendment No. 2 or with respect to the subject matter of this Amendment No. 2. Without limiting the generality of the foregoing, each Guarantor hereby acknowledges and confirms that its guarantee of the Obligations is in full force and effect in accordance with its terms and is hereby ratified and confirmed and such continuing liability shall not be affected by this Amendment No. 2, nor shall anything contained in this Amendment No. 2 be deemed to limit or otherwise affect its obligations under such guarantee. To the extent of conflict between the terms of this Amendment No. 2 and the other Loan Documents, the terms of this Amendment No. 2 shall control.  The Credit Agreement and this Amendment No. 2 shall be read and construed as one agreement.  This Amendment No. 2 is a Loan Document.  The Credit Agreement remains in full force and effect, and nothing contained in this Amendment No. 2 will constitute a waiver of any right, power or remedy under the Credit Agreement.

 

6.   Governing Law.  The validity, interpretation and enforcement of this Amendment No. 2 and any dispute arising out of the relationship between the parties hereto whether in contract, tort, equity or otherwise, shall be governed by the internal laws of the State of New York but excluding any principles of conflicts of law or other rule of law that would cause the application of the law of any jurisdiction other than the laws of the State of New York.

 

7.   Jury Trial Waiver.  LOAN PARTIES, ADMINISTRATIVE AGENT AND EACH LENDER PARTY HERETO, EACH HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER THIS AMENDMENT NO. 2 OR ANY OF THE OTHER LOAN DOCUMENTS OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AMENDMENT NO. 2 OR ANY OF THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS

 

3

 

RELATED HERETO OR THERETO IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE. LOAN PARTIES, ADMINISTRATIVE AGENT AND EACH LENDER PARTY HERETO, EACH HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT LOAN PARTIES, ADMINISTRATIVE AGENT OR ANY LENDER PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS AMENDMENT NO. 2 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

 

8.   Binding Effect.  This Amendment No. 2 shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns.

 

9.   Waiver, Modification, Etc. No provision or term of this Amendment No. 2 may be modified, altered, waived, discharged or terminated orally, but only by an instrument in writing executed by the party against whom such modification, alteration, waiver, discharge or termination is sought to be enforced.

 

10. Further Assurances.  Loan Parties shall execute and deliver such additional documents and take such additional action as may be reasonably requested by Administrative Agent to effectuate the provisions and purposes of this Amendment No. 2.

 

11. Entire Agreement.  This Amendment No. 2 represents the entire agreement and understanding concerning the subject matter hereof among the parties hereto, and supersedes all other prior agreements, understandings, negotiations and discussions, representations, warranties, commitments, proposals, offers and contracts concerning the subject matter hereof, whether oral or written.

 

12. Headings.  The headings listed herein are for convenience only and do not constitute matters to be construed in interpreting this Amendment No. 2.

 

13. Counterparts. This Amendment No. 2 may be executed in any number of counterparts, each of which shall be an original, but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of this Amendment No. 2 by telefacsimile or other electronic method of transmission shall have the same force and effect as delivery of an original executed counterpart of this Amendment No. 2.  Any party delivering an executed counterpart of this Amendment No. 2 by telefacsimile or other electronic method of transmission shall also deliver an original executed counterpart of this Amendment No. 2, but the failure to do so shall not affect the validity, enforceability, and binding effect of this Amendment No. 2.

 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

 

4

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to be duly executed and delivered as of the day and year first above written.

 

	
 
    	
BORROWERS:
    
	
 
    	
 
    
	
 
    	
SUPERVALU   INC.
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Bruce H. Besanko
    
	
 
    	
Name:
    	
Bruce   H. Besanko
    
	
 
    	
Title:
    	
Executive   Vice President and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
 
    	
ADVANTAGE   LOGISTICS - SOUTHEAST, INC.
    
	
 
    	
FF   ACQUISITION, L.L.C.
    
	
 
    	
FOODARAMA   LLC RICHFOOD, INC.
    
	
 
    	
SHOP   ‘N SAVE ST. LOUIS, INC.
    
	
 
    	
SHOP   ‘N SAVE WAREHOUSE FOODS, INC.
    
	
 
    	
SHOPPERS   FOOD WAREHOUSE CORP.
    
	
 
    	
SUPERVALU   HOLDINGS, INC.
    
	
 
    	
SUPERVALU   HOLDINGS - PA LLC
    
	
 
    	
By: SUPERVALU Holdings, Inc., its sole member
    
	
 
    	
SUPERVALU   PHARMACIES, INC.
    
	
 
    	
W.   NEWELL & CO., LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Bruce H. Besanko
    
	
 
    	
Name:
    	
Bruce   H. Besanko
    
	
 
    	
Title:
    	
Vice   President
    
	
 
    	
 
    	
 
    
	
 
    	
CHAMPLIN   2005 L.L.C.
    
	
 
    	
SUPERVALU   GOLD, LLC
    
	
 
    	
 
    
	
 
    	
By:   SUPERVALU INC., its sole member
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Bruce H. Besanko
    
	
 
    	
Name:
    	
Bruce   H. Besanko
    
	
 
    	
Title:
    	
Executive   Vice President and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
 
    	
MORAN   FOODS, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Ritchie L. Casteel
    
	
 
    	
Name:
    	
Ritchie   L. Casteel
    
	
 
    	
Title:
    	
Chief   Executive Officer
    
				

 

[Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

	
 
    	
SAVE-A-LOT   TYLER GROUP, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Ritchie L. Casteel
    
	
 
    	
Name:
    	
Ritchie   L. Casteel
    
	
 
    	
Title:
    	
Chairman,   President and Chief Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
GUARANTORS:
    
	
 
    	
 
    
	
 
    	
BUTSON’S   ENTERPRISES, INC.
    
	
 
    	
RICHFOOD   HOLDINGS, INC.
    
	
 
    	
RICHFOOD   PROCUREMENT, L.L.C.
    
	
 
    	
SCOTT’S   FOOD STORES, INC.
    
	
 
    	
SFW   HOLDING CORP.
    
	
 
    	
SFW   LICENSING CORP.
    
	
 
    	
SUPER   RITE FOODS, INC.
    
	
 
    	
SUPERMARKET   OPERATORS OF AMERICA INC.
    
	
 
    	
SVH   REALTY, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Bruce H. Besanko
    
	
 
    	
Name:
    	
Bruce   H. Besanko
    
	
 
    	
Title:
    	
Vice   President
    
				

 

[SIGNATURES CONTINUE ON NEXT PAGE]

 

[Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

[SIGNATURES CONTINUED FROM PREVIOUS PAGE]

 

	
 
    	
AGENT   AND LENDERS
    
	
 
    	
 
    	
 
    
	
 
    	
WELLS   FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Joseph Burt
    
	
 
    	
Name:   
    	
Joseph   Burt
    
	
 
    	
Title:   
    	
Director
    
	
 
    	
 
    	
 
    
	
 
    	
 
    
	
 
    	
WELLS   FARGO BANK, NATIONAL ASSOCIATION, as LC Issuer, as a Lender and as Swing Line   Lender
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Joseph Burt
    
	
 
    	
Name:   
    	
Joseph   Burt
    
	
 
    	
Title:   
    	
Director
    

 

[SIGNATURES CONTINUE ON NEXT PAGE]

 

[Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

	
 
    	
COÖPERATIEVE   CENTRALE RAIFFEISEN- BOERENLEENBANK B.A., “RABOBANK NEDERLAND” NEW YORK   BRANCH, as LC Issuer and as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   James Purky
    
	
 
    	
Name:   
    	
James   Purky
    
	
 
    	
Title:   
    	
Vice   President
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Peter Duncan
    
	
 
    	
Name:   
    	
Peter   Duncan
    
	
 
    	
Title:   
    	
Managing   Director
    

 

[Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

	
 
    	
U.S.   BANK NATIONAL ASSOCIATION, as LC Issuer and as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Lisa N. Freeman
    
	
 
    	
Name:   
    	
Lisa   N. Freeman
    
	
 
    	
Title:   
    	
Senior   Vice President
    

 

[Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

	
 
    	
BMO   HARRIS BANK, N.A., as a Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Kara Goodwin
    
	
 
    	
Name:   
    	
Kara   Goodwin
    
	
 
    	
Title:   
    	
Director
    

 

[Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

	
 
    	
RBS   CITIZENS BUSINESS CAPITAL, A DIVISION OF RBS ASSET FINANCE, INC., as a   Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Seth Rogers
    
	
 
    	
Name:   
    	
Seth   Rogers
    
	
 
    	
Title:   
    	
Vice   President
    

 

[Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

	
 
    	
REGIONS   BANK, as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Louis Alexander
    
	
 
    	
Name:   
    	
Louis   Alexander
    
	
 
    	
Title:
    	
 Attorney in Fact
    

 

[Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

	
 
    	
MUFG   UNION BANK, N.A., as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Brent Housteau
    
	
 
    	
Name:   
    	
Brent   Housteau
    
	
 
    	
Title:   
    	
Director
    

 

[Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

	
 
    	
GOLDMAN   SACHS BANK USA, as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Mark Walton
    
	
 
    	
Name:   
    	
Mark   Walton
    
	
 
    	
Title:   
    	
Authorized   Signatory
    

 

[Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

	
 
    	
BANK   OF AMERICA, N.A., as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Matthew Potter
    
	
 
    	
Name:   Matthew Potter
    
	
 
    	
Title: Vice President
    

 

[Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

	
 
    	
BARCLAYS   BANK PLC, as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Marguerite Sutton
    
	
 
    	
Name:   Marguerite Sutton
    
	
 
    	
Title: Vice President
    

 

[Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

	
 
    	
CREDIT   SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Michael Spaight
    
	
 
    	
Name:   Michael Spaight
    
	
 
    	
Title: Authorized Signatory
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   D. Andrew Maletta
    
	
 
    	
Name:   D. Andrew Maletta
    
	
 
    	
Title: Authorized Signatory
    

 

[Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

	
 
    	
MORGAN   STANLEY BANK, as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Michael King
    
	
 
    	
Name:   Michael King
    
	
 
    	
Title: Authorized Signatory
    

 

[Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

	
 
    	
PNC   BANK, NATIONAL ASSOCIATION, as
    
	
 
    	
LC   Issuer and as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Adam Moss
    
	
 
    	
Name:   Adam Moss
    
	
 
    	
Title: Vice President
    

 

[Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

	
 
    	
CITY   NATIONAL BANK, A NATIONAL BANKING ASSOCIATION, as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Brent Phillips
    
	
 
    	
Name:   Brent Phillips
    
	
 
    	
Title: Senior Vice President
    

 

[Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

	
 
    	
SIEMENS   FINANCIAL SERVICES, INC., as a
    
	
 
    	
Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   John Finore
    
	
 
    	
Name:   John Finore
    
	
 
    	
Title: Vice President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Uri Sky
    
	
 
    	
Name:   Uri Sky
    
	
 
    	
Title: VP
    

 

[Amendment No. 2 to Amended and Restated Credit Agreement]

 

 

	
 
    	
GENERAL   ELECTRIC CAPITAL CORPORATION, as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Peter F. Crispino
    
	
 
    	
Name: Peter F. Crispino
    
	
 
    	
Title: Duly Authorized   Signatory
    

 

[Amendment No. 2 to Amended and Restated Credit Agreement]

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