Document:

EX-10.1

 Exhibit 10.1 
  

 
 U.S. SMALL BUSINESS ADMINISTRATION Office of Investment & Innova tion 409 Third St reet,S.W.-Suite 6300 Washington, DC 20416
COMMITMENT LETTER License No. 05/05-5134 Mr. Alex Travis Medallion Capital, Inc. 3000 W. County Road 42, Suite 301 Burnsv ille, MN 55337 Dear Mr. Travis, The Small Business Administration (“SBA”) is hereby committing to reserve Leverage
(as defined in 13 CFR I 07.50) in the form of debentures in an amount equal to $25,000,000 to be issued by Medallion Capital, Inc. (the “Company”) on or prior to September 30.2024, subject to the terms and conditions set forth in this
Commitment Letter and in 13 CFR I 07.1200-1240. As used herein, terms that are defined in 13 CFR Part 107 shall have the meanings assigned to them therein. SBA may lim it the amounts that may be drawn each year under this Commitment Letter. Each
issuance of Leverage under this Commitment Letter is conditioned upon the Company’s creditworthiness (as determined by SBA) and the Company’s full compliance (as determined by SBA) with each of the other tenns and conditions set forth in
13 CFR I 07.1200-1240 This Commitment Letter shall terminate automatically at 5:00P.M. Eastern Time on September 30.2024. You must pay to SBA a non-refundable leverage fee in the amount of $250,000 by the earlier of the date that you apply to SBA to
draw funds under this Commitment Letter, or thirty days from the date of this letter. The remaining portion of the leverage fee, in the amount of $500.000, will be deducted, pro rata, as commitment proceeds are drawn down. By its acceptance of this
Commitment Letter, the Company agrees to pay, indemnify and hold SBA harmless from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature
whatsoever with respect to or arising out of this Commitment Letter. This Commitment Letter is subject to the provisions of Part I 07 of Title 13 of the Code of Federal Regulations, including without limitation 13 CFR I 07.1200-1240, which are
incorporated herein by reference. 

 

 
 This Commitment Letter has been issued in reliance upon the written representations and certifications made by the Com pany to SBA in
connection with its application for a commitment. This Commitment Letter shall be governed by, and construed in accordance with, federal law. Please sign and date the Commitment Letter with blue ink and email a scanned PDF copy to your Financial
Analyst, Lawrence K. Baltimore by the earlier of the date that you apply to SBA to draw funds under this Commitment Letter, or thirty days from the date of this letter. You must retain a copy of the signed Commitment Letter for you r records
pursuant to 13 CF R I 07.600. U.S. Small Business Administration Agreed and Accepted: Medallion Capital, Inc. By: Date By: Christopher L. Weaver Christopher L. Weaver Acting Associate Administrator Office of Investment a nd InnovationDocument

Exhibit 10(a)

AMENDMENT NO. 5 (this “Amendment”) dated as of July 29, 2020, among TENET HEALTHCARE CORPORATION, a Nevada corporation (the “Company”), the Subsidiaries of the Company party hereto, the LC Participants party hereto and BARCLAYS BANK PLC, as administrative agent (the “Administrative Agent”) under the Letter of Credit Facility Agreement, dated as of March 7, 2014, among the Company, the Administrative Agent, the LC Participants and Issuers from time to time party thereto (as amended, restated, modified or supplemented from time to time, the “LC Facility Agreement”). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the LC Facility Agreement.

WHEREAS, Section 11.1(a) of the LC Facility Agreement provides that the LC Facility Agreement may be amended for certain purposes with the consent of the Company and the Requisite LC Participants; 
WHEREAS, the Company and the Requisite LC Participants desire to amend the LC Facility Agreement on the terms set forth herein.
NOW, THEREFORE, in consideration of the premises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:
SECTION 1.Amendment.  The Credit Parties, the Administrative Agent and the LC Participants party hereto hereby agree to the following amendments to the LC Facility Agreement, which shall become effective as of the Amendment No. 5 Effective Date (as defined below):
(a) The following definitions are added to Section 1.1 of the LC Facility Agreement in appropriate alphabetical order:
“Amendment No. 5” means that certain Amendment No. 5, dated as of July 29, 2020, among the Company, the Subsidiaries of the Company party thereto, the LC Participants party thereto and the Administrative Agent.
“Amendment No. 5 Effective Date” has the meaning assigned to such term in Amendment No. 5.
(b) Article V thereof is amended and restated in its entirety as follows: 
“ARTICLE V. FINANCIAL COVENANT
The Company agrees with the LC Participants, the Issuers and the Administrative Agent, as long as any Obligation or any LC Commitment remains outstanding and, in each case, unless the Requisite LC Participants otherwise consent in writing, the Company will not permit the Secured Debt Ratio on the last day of any Fiscal Quarter of the Company to be to be greater than the corresponding ratio set forth opposite such date:
        

												
		Fiscal Quarter Ending		Secured Debt Ratio shall not be greater than:
		On or prior to June 30, 2020		4.25 to 1.00
		September 30, 2020		5.00 to 1.00
		December 31, 2020		5.50 to 1.00
		March 31, 2021		6.00 to 1.00
		June 30, 2021		5.50 to 1.00
		September 30, 2021		5.00 to 1.00
		On or after December 31, 2021		4.25 to 1.00

SECTION 2.Representations and Warranties.  The Company hereby represents and warrants that, both immediately before and immediately after giving effect to this Amendment:
(a)The representations and warranties set forth in the LC Facility Documents are true and correct in all material respects, with the same effect as though made on and as of such times, except to the extent any such representation and warranty expressly relates to an earlier date or period (in which case such representation and warranty shall be true and correct in all material respects as of such earlier date or for such earlier period, as the case may be); and
(b)no Default or Event of Default exists and is continuing on and as of such times.
SECTION 3.Effectiveness.  Section 1 of this Amendment shall become effective on the date (such date, if any, the “Amendment No. 5 Effective Date”) the Administrative Agent (or its counsel) shall have received from the Company and the LC Participants constituting the Requisite LC Participants, in each case, either (i) a counterpart of this Amendment signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy or electronic transmission of a signed signature page of this Amendment) that such party has signed a counterpart of this Amendment. 
SECTION 4.Certain Consequences of Effectiveness; Reaffirmation. On and after the Amendment No. 5 Effective Date, references in the LC Facility Agreement to this “Agreement”, “hereunder”, “hereof”, “herein” or words of similar import and references in the LC Facility Documents to the “Agreement”, “LC Facility Agreement”, “thereunder,” “thereof”, “therein” or words of similar import shall mean, and refer to, the LC Facility Agreement, as amended by this Amendment.  Except as expressly set forth herein, this Amendment shall not constitute an amendment or waiver of any provision of the LC Facility Agreement or any other LC Facility Document all of which shall remain in full force and effect.  Each Credit Party hereby acknowledges and agrees that, following the Amendment No. 5 Effective Date, it shall continue to be bound by the LC Facility Documents to which it is party (in the case of the LC Facility Agreement, as amended by this Amendment) and each of the Credit Parties hereby (i) consents to the execution, delivery and performance of this Amendment and each of the transactions contemplated hereby, (ii) acknowledges and reaffirms its respective guarantees, pledges, grants of security interests and other obligations, as applicable, under and subject to the 

terms of the LC Facility Documents, (iii) acknowledges and agrees that, notwithstanding the effectiveness of this Amendment, the Collateral Documents, the Collateral Trust Joinder – Additional Secured Debt, the Additional Secured Debt Designation and the Guaranty (and any amendments thereto) shall continue in full force and effect and (iv) acknowledges and agrees that all references in the Collateral Documents, the Collateral Trust Joinder – Additional Secured Debt, the Additional Secured Debt Designation and the Guaranty (and any amendments thereto) to the “Agreement”, “LC Facility Agreement”, “thereunder,” “thereof”, “therein” or words of similar import shall be deemed to mean a reference to the LC Facility Agreement as amended by this Amendment. Furthermore, each of the Credit Parties acknowledges and agrees that it is the intention of such party (i) that the Collateral Documents, the Collateral Trust Joinder – Additional Secured Debt and the Additional Secured Debt Designation (and any amendments thereto) and the Liens granted thereby shall not be affected, impaired or discharged hereby or by the transactions contemplated under this Amendment and (ii) the Liens granted by the Collateral Documents, the Collateral Trust Joinder – Additional Secured Debt and the Additional Secured Debt Designation (including any amendments thereto) shall continue unimpaired and with the same priority to secure repayment of all Obligations, whether heretofore or hereafter incurred.   
SECTION 5.Incorporation by Reference.  This Amendment shall constitute a “LC Facility Document” for purposes of the LC Facility Agreement.  The provisions of Section 11.11, 11.12, 11.13 and 11.17 of the LC Facility Agreement are incorporated herein mutatis mutandis.
[signature pages follow]

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

									
			TENET HEALTHCARE CORPORATION
			
			By:  /s/ Owen Morris 

			Name:  Owen Morris
			Title:  Treasurer 

[Signature Page – LC Facility Amendment No. 5]

AMERICAN MEDICAL (CENTRAL), INC.
AMI INFORMATION SYSTEMS GROUP, INC.
AMISUB (HEIGHTS), INC.
AMISUB (HILTON HEAD), INC. 
AMISUB (SFH), INC.
AMISUB (TWELVE OAKS), INC. 
AMISUB OF NORTH CAROLINA, INC. 
AMISUB OF SOUTH CAROLINA, INC. 
AMISUB OF TEXAS, INC.
ANAHEIM MRI HOLDING, INC. 
ATLANTA MEDICAL CENTER, INC.
BROOKWOOD HEALTH SERVICES, INC.
CGH HOSPITAL, LTD., by:  CORAL GABLES HOSPITAL, INC., as general partner 
COASTAL CAROLINA MEDICAL CENTER, INC.
COMMUNITY HOSPITAL OF LOS GATOS, INC. 
CORAL GABLES HOSPITAL, INC.
DELRAY MEDICAL CENTER, INC.
EAST COOPER COMMUNITY HOSPITAL, INC.
FMC MEDICAL, INC.
FRYE REGIONAL MEDICAL CENTER, INC.
GOOD SAMARITAN MEDICAL CENTER, INC.
HEALTHCARE NETWORK CFMC, INC.
HEALTHCARE NETWORK DPH, INC.
HEALTHCARE NETWORK HOLDINGS, INC.
HEALTHCARE NETWORK LOUISIANA, INC.
HEALTHCARE NETWORK MISSOURI, INC.
HEALTHCARE NETWORK TEXAS, INC.
HEALTHCORP NETWORK, INC.
HEALTH SERVICES CFMC, INC.
HEALTH SERVICES NETWORK HOSPITALS, INC. 
HEALTH SERVICES NETWORK TEXAS, INC. 
HIALEAH HOSPITAL, INC.
HILTON HEAD HEALTH SYSTEM, L.P., by:  TENET PHYSICIAN SERVICES – HILTON HEAD, INC., as general partner
HOSPITAL DEVELOPMENT OF WEST PHOENIX, INC.
LIFEMARK HOSPITALS, INC.
LIFEMARK HOSPITALS OF FLORIDA, INC.
NEW MEDICAL HORIZONS, II, LTD, by:  HEALTH SERVICES CFMC, INC., as general partner
NORTH FULTON MEDICAL CENTER, INC.
NORTH SHORE MEDICAL CENTER, INC. 
ORNDA HOSPITAL CORPORATION
PALM BEACH GARDENS COMMUNITY HOSPITAL, INC. 
SAINT FRANCIS HOSPITAL – BARTLETT, INC.
SLH VISTA, INC.
SPALDING REGIONAL MEDICAL CENTER, INC. 
SRRMC MANAGEMENT, INC.
ST. MARY’S MEDICAL CENTER, INC. 
SYLVAN GROVE HOSPITAL, INC.
TENET CALIFORNIA, INC. 
TENET FLORIDA, INC.
TENET HEALTHSYSTEM HAHNEMANN, L.L.C.
[Signature Page – LC Facility Amendment No. 5]

TENET HEALTHSYSTEM MEDICAL, INC. 
TENET HEALTHSYSTEM PHILADELPHIA, INC.
TENET HEALTHSYSTEM ST. CHRISTOPHER’S HOSPITAL FOR CHILDREN, L.L.C.
TENET HOSPITALS LIMITED, by:  HEALTHCARE NETWORK TEXAS, INC., as general partner
TENET PHYSICIAN SERVICES — HILTON HEAD, INC.
TH HEALTHCARE, LTD., by:  LIFEMARK HOSPITALS, INC., as general partner 
VANGUARD HEALTH FINANCIAL COMPANY, LLC 
VANGUARD HEALTH HOLDING COMPANY I, LLC 
VANGUARD HEALTH HOLDING COMPANY II, LLC 
VANGUARD HEALTH MANAGEMENT, INC. 
VANGUARD HEALTH SYSTEMS, INC.
VHS ACQUISITION CORPORATION
VHS ACQUISITION SUBSIDIARY NUMBER 1, INC. 
VHS ACQUISITION SUBSIDIARY NUMBER 3, INC. 
VHS ACQUISITION SUBSIDIARY NUMBER 7, INC. 
VHS ACQUISITION SUBSIDIARY NUMBER 9, INC. 
VHS BROWNSVILLE HOSPITAL COMPANY, LLC 
VHS CHILDREN’S HOSPITAL OF MICHIGAN, INC. 
VHS DETROIT RECEIVING HOSPITAL, INC.
VHS HARLINGEN HOSPITAL COMPANY, LLC 
VHS HARPER-HUTZEL HOSPITAL, INC.
VHS HURON VALLEY-SINAI HOSPITAL, INC. 
VHS OF ARROWHEAD, INC.
VHS OF ILLINOIS, INC.
VHS OF MICHIGAN, INC.
VHS OF PHOENIX, INC.
VHS REHABILITATION INSTITUTE OF MICHIGAN, INC.
VHS SAN ANTONIO PARTNERS, LLC, by:  VHS ACQUISITION SUBSIDIARY NUMBER 5, INC., its managing member, and VHS HOLDING COMPANY, INC. 
VHS SINAI-GRACE HOSPITAL, INC.
VHS VALLEY MANAGEMENT COMPANY, INC. 
VHS WEST SUBURBAN MEDICAL CENTER, INC. 
VHS WESTLAKE HOSPITAL INC.
WEST BOCA MEDICAL CENTER, INC.

						
		TENET HEALTHCARE CORPORATION
		
		By:  /s/ Owen Morris 

		Name:  Owen Morris
		Title:  Treasurer 

[Signature Page – LC Facility Amendment No. 5]

BBH BMC, LLC
BROOKWOOD BAPTIST HEALTH 1, LLC
DESERT REGIONAL MEDICAL CENTER, INC. 
DOCTORS HOSPITAL OF MANTECA, INC.
DOCTORS MEDICAL CENTER OF MODESTO, INC. 
FOUNTAIN VALLEY REGIONAL HOSPITAL AND MEDICAL CENTER 
JFK MEMORIAL HOSPITAL, INC.
LAKEWOOD REGIONAL MEDICAL CENTER, INC. 
LOS ALAMITOS MEDICAL CENTER, INC. 
PLACENTIA-LINDA HOSPITAL, INC.
SAN RAMON REGIONAL MEDICAL CENTER, LLC 
SIERRA VISTA HOSPITAL, INC.
TWIN CITIES COMMUNITY HOSPITAL, INC. 
VHS VALLEY HEALTH SYSTEM, LLC

						
		TENET HEALTHCARE CORPORATION
		
		By:  /s/ Owen Morris 

		Name:  Owen Morris
		Title:  Assistant Treasurer 

[Signature Page – LC Facility Amendment No. 5]

						
		BARCLAYS BANK PLC, as Administrative Agent and an LC Participant

		
		By:  /s/ Evan Moriarty

		Name:  Evan Moriarty
		Title:  Vice President

[Signature Page – LC Facility Amendment No. 5]

						
		Bank of America, N.A., as an LC Participant

		
		By:  /s/ Sujay Maiya

		Name:  Sujay Maiya

		Title:  Director

[Signature Page – LC Facility Amendment No. 5]

						
		Capital One, N.A., as an LC Participant

		
		By:  /s/ Mark Klaassens

		Name:  Mark Klaassens

		Title:  Duly Authorized Signatory

[Signature Page – LC Facility Amendment No. 5]

						
		Citibank, N.A., as an LC Participant

		
		By:  /s/ Pranjal Gambhir

		Name:  Pranjal Gambhir

		Title:  Vice-President

[Signature Page – LC Facility Amendment No. 5]

						
		Goldman Sachs Bank USA, as an LC Participant

		
		By:  /s/ Jamie Minieri 

		Name:  Jamie Minieri

		Title:  Authorized Signatory

[Signature Page – LC Facility Amendment No. 5]

						
		Goldman Sachs Lending Partners LLC, as an LC Participant

		
		By:  /s/ Jamie Minieri 

		Name:  Jamie Minieri

		Title:  Authorized Signatory

[Signature Page – LC Facility Amendment No. 5]

						
		JPMorgan Chase Bank, N.A., as an LC Participant

		
		By:  /s/ Dawn Lee Lum

		Name:  Dawn Lee Lum

		Title:  Executive Director

[Signature Page – LC Facility Amendment No. 5]

						
		Royal Bank of Canada, as an LC Participant

		
		By:  /s/ Diana Lee

		Name:  Diana Lee

		Title:  Authorized Signatory

[Signature Page – LC Facility Amendment No. 5]

						
		Truist Bank, as an LC Participant and Issuer

		
		By:  /s/ Anton Brykalin

		Name:  Anton Brykalin

		Title:  Vice President

[Signature Page – LC Facility Amendment No. 5]

						
		Wells Fargo Bank, National Association, as an LC Participant

		
		By:  /s/ Jordan Harris

		Name:  Jordan Harris

		Title:  Managing Director

[Signature Page – LC Facility Amendment No. 5]

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