Document:

Exhibit 10(u)(7) 

AMENDMENT NO. 7 TO CREDIT AGREEMENT

          This AMENDMENT NO. 7 TO CREDIT AGREEMENT (this “Amendment”) is entered into as of October 23, 2006 by and among PLAYTEX PRODUCTS, INC., a Delaware corporation (“Borrower”), the other Credit Parties signatory hereto, GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (in its individual capacity, “GE Capital”), for itself as a Lender and as Agent, and the Requisite Lenders signatory hereto. Unless otherwise specified herein, capitalized terms used in this Amendment shall have the meanings ascribed to them in Annex A to the Credit Agreement (as hereinafter defined), as amended hereby.

R E C I T A L S:

          WHEREAS, Borrower, the other Credit Parties, the Agent and the Lenders entered into that certain Credit Agreement, dated as of February 19, 2004 (as amended, supplemented, restated or otherwise modified prior to the date hereof, the “Credit Agreement”); and

          WHEREAS, the parties to the Credit Agreement have agreed to amend the Credit Agreement as 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 agree as follows:

     1 Amendments. The Credit Agreement is hereby amended by amending and restating Section 3.1(h) of the Credit Agreement to read in its entirety as follows:

“(h) (A) Indebtedness incurred by Playtex Canada (and (i) a guaranty thereof provided by Borrower and/or any Subsidiary of Playtex Canada and (ii) a pledge of Stock in Playtex Canada provided by Playtex International) owing to GE Capital or an Affiliate of GE Capital or to one or more lenders on behalf of which GE Capital or an Affiliate of GE Capital acts as an agent in a principal amount not to exceed $25,000,000 in the aggregate at any time outstanding, provided, that no Credit Party (other than Borrower and Playtex International) shall have any direct or indirect obligation or liability for or with respect to any such Indebtedness and (B) Indebtedness of Playtex Canada incurred pursuant to and evidenced by non-speculative F/X Hedging Instruments (as defined in the Playtex Canada Credit Agreement) entered into by Playtex Canada with any
Lender under and as defined in the Playtex Canada Credit Agreement or any other Person for the purpose of mitigating the risk to Playtex Canada from US Dollar exchange rate fluctuations in connection with the purchase of Inventory from the Borrower (and an unsecured guaranty thereof provided by the Borrower in the form of Exhibit 3.1(h) attached hereto); and”

     2 Conditions to Effectiveness. The amendments set forth in this Amendment shall be effective on the date on which this Amendment shall have been duly executed and delivered by the Borrower, each other Credit Party party hereto, Agent and the Requisite Lenders.

     3 Representations and Warranties. In order to induce the Agent and the Lenders to enter into this Amendment, Borrower and each other Credit Party represents and warrants to Agent and each Lender (which representations and warranties shall survive the execution and delivery of this Amendment), that:

     (a) the execution, delivery and performance by each Credit Party of this Amendment has been duly authorized by all necessary corporate action and this Amendment is a legal, valid and binding obligation of such Credit Party enforceable against such Credit Party in accordance with its terms;

     (b) upon the effectiveness of this Amendment, all of the representations and warranties contained in the Credit Agreement and in the other Loan Documents (other than those which speak expressly only as of an earlier date) are true and correct in all material respects on and as of the date of the effectiveness of this Amendment after giving effect to this Amendment and the transactions contemplated hereby;

     (c) Neither the execution, delivery and performance of this Amendment by each Credit Party nor the consummation of the transactions contemplated hereby does or shall contravene, result in a breach of, or violate (i) any provision of such Credit Party’s certificate or articles of incorporation or bylaws, (iii) any law or regulation, or any order or decree of any court or government instrumentality, or (iii) any indenture, mortgage, deed of trust, lease, agreement or other instrument to which such Credit Party or any of its Subsidiaries is a party or by which such Credit Party or any of its Subsidiaries or any of their property is bound, except in any such case to the extent such conflict or breach has been waived by a written waiver document, a copy of which has been delivered to Agent on or before the date hereof or which could not
reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect; and

     (d) no Default or Event of Default exists or will result after giving effect to this Amendment and the transactions contemplated hereby.

     4 Miscellaneous. 

          4.1 Effect; Ratification.

     (a) Except as specifically set forth above, the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed.

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     (b) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of Agent or any Lender under the Credit Agreement or any other Loan Document, nor constitute amendment of any provision of the Credit Agreement or any other Loan Document, except as specifically set forth herein. Upon the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of similar import shall mean and be a reference to the Credit Agreement as amended hereby.

     (c) Each Credit Party acknowledges and agrees that the amendments set forth herein are effective solely for the purposes set forth herein and that the execution and delivery by Agent and Requisite Lenders of this Amendment shall not be deemed (i) except as expressly provided in this Amendment, to be a consent to any amendment, waiver or modification of any term or condition of the Credit Agreement or of any other Loan Document, (ii) to create a course of dealing or otherwise obligate Agent or Lenders to forbear, waive, consent or execute similar amendments under the same or similar circumstances in the future, or (iii) to amend, prejudice, relinquish or impair any right of Agent or Lenders to receive any indemnity or similar payment from any Person or entity as a result of any matter arising from or relating to this Amendment.

          4.2 Counterparts and Signatures by Fax. This Amendment may be executed in any number of counterparts, each such counterpart constituting an original but all together one and the same instrument. Any party delivering an executed counterpart of this Amendment by fax shall also deliver an original executed counterpart, but the failure to do so shall not affect the validity, enforceability or binding effect of this Amendment. 

          4.3 Severability. In case any provision in or obligation under this Amendment shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 

          4.4 Loan Document. This Amendment shall constitute a Loan Document. 

          4.5 Costs And Expenses. As provided in Section 1.3(e) of the Credit Agreement, Borrowers agree to reimburse Agent for all reasonable and documented out-of-pocket fees, costs and expenses, including the fees, costs and expenses of counsel or other advisors for advice, assistance, or other representation in connection with this Amendment (it being understood and agreed that the documentation of counsel’s fees and expenses may omit information that such counsel reasonably deems privileged). 

          4.6 Reaffirmation. Each of the Credit Parties signatory hereto as Guarantor hereby acknowledges and reaffirms all of its obligations and undertakings under each of the Loan Documents to which it is a party and acknowledges and agrees that subsequent to, and after taking account of the provisions of this Amendment, each such Loan Document is and shall remain in full force and effect in accordance with the terms thereof.

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          4.7 GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES.

[Signature Pages Follow] 

4 

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

		PLAYTEX PRODUCTS, INC., a Delaware corporation, as Borrower  
		  
		By: 	/s/ JOHN J. MCCOLGAN  	 
		Name:  	John J. McColgan  	 
		Title:  	VP—Corporate Controller  	 
		  
		  
		PLAYTEX SALES & SERVICES, INC., a Delaware corporation, as a Guarantor
		  
		By: 	/s/ JOHN J. MCCOLGAN  	 
		Name:  	John J. McColgan  	 
		Title:  	VP Finance & Treasurer  	 
		  
		  
		PLAYTEX MANUFACTURING, INC., a Delaware corporation, as a Guarantor
		  
		By: 	/s/ JOHN J. MCCOLGAN  	 
		Name:  	John J. McColgan  	 
		Title:  	Treasurer  	 
		  
		  
		PLAYTEX INVESTMENT CORP., a Delaware corporation, as a Guarantor
		  
		By: 	/s/ JOHN J. MCCOLGAN  	 
		Name:  	John J. McColgan  	 
		Title:  	VP & Treasurer  	 
		  
		  
		PLAYTEX INTERNATIONAL CORP., a Delaware corporation, as a Guarantor
		  
		By: 	/s/ JOHN J. MCCOLGAN  	 
		Name:  	John J. McColgan  	 
		Title:  	VP & Treasurer  	 

[Signature Page to Amendment No. 7 to Credit Agreement] 

		TH MARKETING CORP., a Delaware corporation, as a Guarantor
		 
		By: 	/s/ JOHN J. MCCOLGAN  	 
		Name:  	John J. McColgan  	 
		Title:  	VP & Treasurer  	 
		  
		  
		SMILE-TOTE, INC., a California corporation, as a Guarantor  
		  
		By: 	/s/ JOHN J. MCCOLGAN  	 
		Name:  	John J. McColgan  	 
		Title:  	VP & Treasurer  	 
		  
		  
		SUN PHARMACEUTICALS CORP., a Delaware corporation, as a Guarantor  
		  
		By: 	/s/ JOHN J. MCCOLGAN  	 
		Name:  	John J. McColgan  	 
		Title:  	Treasurer & CFO  	 
		  
		  
		PERSONAL CARE GROUP, INC., a Delaware corporation, as a Guarantor  
		  
		By: 	/s/ JOHN J. MCCOLGAN  	 
		Name:  	John J. McColgan  	 
		Title:  	VP Finance & Treasurer  	 
		  
		  
		PERSONAL CARE HOLDINGS, INC., a Delaware corporation, as a Guarantor  
		  
		By: 	/s/ JOHN J. MCCOLGAN  	 
		Name:  	John J. McColgan  	 
		Title:  	VP Finance & Treasurer  	 
		 
		 
		CAREWELL INDUSTRIES, INC., a New York corporation, as a Guarantor  
		  
		By: 	/s/ JOHN J. MCCOLGAN  	 
		Name:  	John J. McColgan  	 
		Title:  	VP Finance & Treasurer  	 

[Signature Page to Amendment No.6 to Credit Agreement] 

		GENERAL ELECTRIC CAPITAL CORPORATION, as Agent and a Lender  
		  
		Name:  	/s/ THOMAS A. BECK  	 
		Its Duly Authorized Signatory
		

[Signature Page to Amendment No. 7 to Credit Agreement] 

		UBS AG, STAMFORD BRANCH, as a Lender 
		  
		By: 	 	 
		Name:  	 	 
		Title:  	 	 
		  
		  
		By: 	 	 
		Name:  	 	 
		Title:  	 	 

[Signature Page to Amendment No. 7 to Credit Agreement]Exhibit 10(v)(1)

FIRST AMENDMENT TO
CREDIT AGREEMENT

Dated as of October 23, 2006

Between

PLAYTEX LIMITED
as Borrower

and

THE OTHER PERSONS PARTY HERETO THAT ARE
DESIGNATED AS CREDIT PARTIES
as Credit Parties

and

GE CANADA FINANCE HOLDING COMPANY 
as Agent and a Lender

and

THE OTHER FINANCIAL INSTITUTIONS PARTY HERETO
as Lenders

and

GE CAPITAL MARKETS, INC.
as Lead Arranger

FIRST AMENDMENT TO
CREDIT AGREEMENT

      This First Amendment to Credit Agreement (this “First Amendment”) is dated as of October 23, 2006, between Playtex Limited, as borrower (“Borrower”), the other persons party hereto that are designated as Credit Parties, GE Canada Finance Holding Company, as Administrative Agent and Collateral Agent (in such capacities, “Agent”) and as a Lender, the other financial institutions party hereto, as Lenders, and GE Capital Markets, Inc.

RECITALS

A. Reference is made to the Credit Agreement dated as of November 28, 2005, (as further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) between Borrower, the other Credit Parties signatory thereto, Agent, the other financial institutions party thereto from time to time, as Lenders, and GE Capital Markets, Inc.

B. Borrower has requested that the Agent and the Lenders permit the Borrower to enter into foreign exchange arrangements to mitigate the effects of US Dollar foreign exchange rate fluctuations in connection with the purchase of Inventory from Playtex US.

C. The parties hereto have agreed to amend the Credit Agreement as provided for herein.

      NOW THEREFORE in consideration of the premises and the mutual covenants hereinafter contained, and for other good and valuable consideration, the parties hereto agree as follows:

SECTION 1 – INTERPRETATION

1.1 Definitions

      Unless otherwise defined in this First Amendment, capitalized terms used in this First Amendment shall have the meanings given to them in the Credit Agreement.

1.2 Incorporation into Credit Agreement

      The Credit Agreement and this First Amendment shall henceforth be read together and shall have the effect as if all the provisions of such agreements were contained in one instrument.

SECTION 2 – AMENDMENTS TO CREDIT AGREEMENT

2.1 Amendments 

      On and after the Effective Date (as defined below), the Credit Agreement is amended as follows: 

(1) Section 3.1 of the Credit Agreement is hereby amended as follows: 

	      	(a)	      	the word “and” is deleted from the end of Section 3.1(e);
				 
		(b)		the period at the end of Section 3.1(f) is replaced with “; and”;
				  
		(c)		the following is added as Section 3.1(g):
				  
				“(g) non-speculative F/X Hedging Instruments entered into with any Lender or any other Person for the purpose of mitigating the risk to Borrower from US Dollar exchange rate fluctuations in connection with the purchase of Inventory from Playtex US.”

(2) The following new definition is hereby added to Annex A to the Credit Agreement in the appropriate alphabetical order: 

	      	      	      	“F/X Hedging Instrument” means any foreign exchange forward contract, currency swap, currency option or any other instrument for the purchase of any currency with any other currency at an agreed rate of exchange on a specified date.

(3) Clause (a) of the definition of “Interest Payment Date” is hereby amended to replace the word “month” with “Fiscal Quarter”. 

(4) The definition of “Permitted Encumbrances” is amended as follows: 

	      	(a)	      	the word “and” is deleted from the end of clause (p) and is replaced with a semicolon;
				 
		(b)		the period at the end of clause (q) is replaced with “; and”;
				  
		(c)		the following is added as clause (r):
				  
				(r) Liens securing Indebtedness arising from F/X Hedging Instruments permitted by Section 3.1(g) .

SECTION 3 – CONDITIONS PRECEDENT 

3.1 Conditions to the Effectiveness of First Amendment 

(1) The provisions of this First Amendment shall become effective on the date upon which each Credit Party has delivered to the Agent and the Lenders a fully executed copy of this First Amendment (the “Effective Date”). 

SECTION 4 – REPRESENTATIONS AND WARRANTIES

4.1 Representations and Warranties 

      Each Credit Party represents and warrants with respect to itself and each other Credit Party that: 

	      	(a)	      	the representations and warranties of the Credit Parties in the Credit Agreement are true and correct on and as of the date hereof, except to the extent that any such representation or warranty expressly relates to an earlier date;
				 
		(b)		the execution, delivery and performance by each Credit Party of this First Amendment and any other document or instrument required or contemplated by this First Amendment (i) are within such Credit Party’s corporate power; (ii) have been duly authorized by all necessary corporate or other action, as applicable, on the part of such Credit Party; (iii) do not contravene any provision of such Credit Party’s constating documents, by-laws or other organizational documents; (iv) do not violate or conflict with any laws, rules, regulation, or orders of any Governmental Authority; (v) do not violate, conflict with, result in a breach of, or constitute a default (with due notice or lapse of time or both) under any Contractual Obligation or organizational documents of Playtex US or of any Credit Party or any of its Subsidiaries except if such violations, conflicts, breaches or defaults could not reasonably be expected to have, either individually or in the
aggregate, a Material Adverse Effect; and (vi) do not require the consent or approval of any Governmental Authority or any other Person;
				  
		(c)		this First Amendment and any other documents or instruments required or contemplated by this First Amendment have been duly authorized, executed and delivered by each Credit Party and constitute legal, valid and binding obligations of such Credit Party, enforceable against such Credit Party in accordance with their respective terms; and
				  
		(d)		no Default or Event of Default has occurred and is continuing as of the date hereof, and no Default or Event of Default will occur as a result of the execution and delivery by any Credit Party of this First Amendment or any other document or instrument contemplated herein.

 

SECTION 5 – ACKNOWLEDGEMENT AND CONFIRMATION

5.1 Confirmation of Guarantees

      Each of the Credit Parties hereby confirms and ratifies the terms of its Guarantee of the Obligations of Borrower, and acknowledges and agrees that such Guarantee (i) is not, and shall not be, released or discharged as a result of the execution and delivery of this First Amendment, and (ii) shall remain in full force and effect without abrogation, impairment or limitation following the execution and delivery of this First Amendment. Each of the Credit Parties further acknowledges, confirms, ratifies and reaffirms all payment and performance obligations, contingent or otherwise, under its Guarantee of the Obligations of Borrower, as such terms have been amended hereby. 

5.2 No Waiver 

      The execution and delivery of this First Amendment shall not operate as a waiver of any right, power or remedy of Agent or any Lender or as a waiver of any provision of the Credit Agreement or any other Loan Document. 

SECTION 6 – MISCELLANEOUS 

6.1 No Other Amendments 

      The Credit Agreement and the other Loan Documents have not been amended or modified in any respect other than as set out in this First Amendment. 

6.2 Reservation of Rights and Remedies 

      The Agent and Lenders reserve all of their respective rights to proceed to enforce their respective rights and remedies at any time and from time to time in connection with any or all Defaults or Events of Default under the Credit Agreement or any other Loan Document. 

6.3 Severability 

      Wherever possible, each provision of this First Amendment shall be interpreted in such a manner as to be effective and valid under applicable law but, if any provision of this First Amendment shall be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extend of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this First Amendment. 

6.4 Parties 

      This First Amendment shall be binding upon and shall enure to the benefit of each of the parties hereto and their respective successors and assigns. Nothing in this First Amendment, express or implied, shall give to any Person, other than the parties hereto and their successors and assigns hereunder, any benefit or legal or equitable right, remedy or claim under this First Amendment. 

6.5 Survival 

      The representations and warranties of each Credit Party in this First Amendment shall survive the execution, delivery and acceptance hereof by the parties hereto and the closing of the transactions described herein or related hereto. 

6.6 Section Headings 

      The section headings herein are for convenience of reference only, and shall not affect in any way the interpretation of any of the provisions hereof. 

6.7 Governing Law

      This First Amendment shall be governed by the laws of the Province of Ontario and the laws of Canada applicable therein.

6.8 Counterparts 

      This First Amendment may be executed in any number of separate counterparts, each of which shall collectively and separately constitute one agreement. Any party may deliver an executed copy of this First Amendment by fax and that party shall promptly deliver to the other parties an originally executed copy of this First Amendment.

       IN WITNESS WHEREOF, this First Amendment has been duly executed as of the date first written above. 

	 
	PLAYTEX LIMITED, as Borrower  
	  
	By: 	/s/ JOHN J. MCCOLGAN  	 
	Name:  	John J. McColgan  	 
	Title: 	Vice President  	 
	   
	 
	GE CANADA FINANCE HOLDING  
	COMPANY, as Agent and a Lender  
	   
	 
	By: 	/s/ JACK MORRONE  	 
		Its Duly Authorized Signatory  	 
		 	
		 	
		 	

Acknowledged, consented and agreed to as of the first date written above. 

	 
	PLAYTEX PRODUCTS, INC.  
	  
	By: 	/s/ JOHN J. MCCOLGAN  	 
	Name:  	John J. McColgan  	 
	Title: 	VP—Corporate Controller

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