Document:

Nobilis Health Corp.: Exhibit 10.2 - Filed by newsfilecorp.com

November 30, 2015 

Northstar Healthcare Acquisitions, L.L.C. 
11700 Katy
Freeway, Ste. 300 
Houston, TX 77079 
Attention: Matt Maruca 

	 	Re: 	Conditional Waiver 

Ladies and Gentlemen: 

Reference is made to that certain Credit Agreement, dated as of
March 31, 2015 (as amended, restated, amended and restated, extended, replaced,
refinanced, supplemented or otherwise modified from time to time, the “Credit
Agreement”), by and among NORTHSTAR HEALTHCARE ACQUISITIONS, L.L.C.,
a Delaware limited liability company (“Borrower”), the other Credit
Parties party thereto, the financial institutions party thereto from time to
time (collectively, the “Lenders” and individually, each a
“Lender”), and HEALTHCARE FINANCIAL SOLUTIONS, LLC, a Delaware
limited liability company (as the successor in interest to GENERAL ELECTRIC
CAPITAL CORPORATION), as administrative agent for the Lenders (in such
capacity, the “Agent”), and as a Lender and Swingline Lender. All
capitalized terms used in this letter (this “Waiver Letter”) and not
otherwise defined herein shall have the respective meanings given such terms in
the Credit Agreement. 

Agent and the Lenders have been made aware that certain Events
of Default have occurred and are continuing under subsection 7.1(c) of
the Credit Agreement as a result of the Borrowers’ failure to deliver to Agent
statements of cash flows for the Credit Parties as set forth in subsection
4.1(b) of the Credit Agreement for Fiscal Quarters ending June 30, 2015 and
September 30, 2015 in contravention of subsection 4.1(b) of the Credit
Agreement (the “Specified Event of Default”). 

In consideration of the premises, covenants and agreements
contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Agent and the undersigned Lenders
hereby waive the Specified Event of Default; provided, however,
that the Borrower shall deliver to Agent, each in form and substance reasonably
satisfactory to Agent, (i) capital expenditure and depreciation and amortization
figures for the Credit Parties in accordance with, and within the deadlines
prescribed by, subsection 4.2(b) of the Credit Agreement in form and
substance reasonably satisfactory to Agent and (ii) on or before December 31,
2015, a Joinder Agreement with respect to each of Central Medical Solutions LLC
and Perimeter Road Surgical Hospital, LLC, together with each other document,
instrument and agreement related thereto as required pursuant to the Credit
Agreement (including, but not limited to subsection 3.19, subsection
4.13(b), and subsection 5.4(m) (other than delivery of the
certificate referenced in subsection 5.4(m)(v) of the Credit Agreement,
which is hereby waived by Agent)) or as otherwise requested by Agent in its
reasonable discretion (collectively with the requirements set forth in the
foregoing clause (i), the “Conditional Waiver Requirements”);
provided further, that if the Borrower fails to satisfy the
Conditional Waiver Requirements, then the conditional waiver set forth herein
shall automatically and without further action be rendered null and void and the
Specified Events of Default shall be reinstated ab initio, it being
expressly agreed that the effect of such nullification and reinstatement will be
to permit the Agent and Lenders, in their sole discretion, to exercise any and
all of their rights and remedies as if the waiver set forth herein never
occurred. 

Except for the conditional waiver expressly set forth herein,
the Credit Agreement and each of the other Loan Documents shall remain unchanged
and in full force and effect. Nothing in this Waiver Letter shall be deemed to permanently modify the provisions of the
Credit Agreement or any other Loan Document through course of conduct, course of
dealing or otherwise.

1 

This Waiver Letter shall not become effective until signed by
Agent and the Required Lenders and accepted and agreed to in writing by the
Borrower. This Waiver Letter is a Loan Document and contains the complete and
entire understanding of the parties with respect to the subject matters hereof.
By signing below, the Borrower acknowledges and agrees that the failure by the
Borrower or any other Credit Party to comply or ensure compliance by the other
Credit Parties with any term or provision of this Waiver Letter shall constitute
an Event of Default under the Credit Agreement. 

THIS WAIVER LETTER SHALL BE GOVERNED BY THE LAWS OF THE
STATE OF NEW YORK. This Waiver Letter may be executed in identical
counterparts, each of which shall constitute an original.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

2 

	 	Very truly yours, 
	 	 
	 	HEALTHCARE FINANCIAL SOLUTIONS,
      LLC, 
	 	as Agent, Lender and Swingline Lender
    
	 	 
	 	 
	 	By: 	/s/ R.
      Hanes Whiteley 
	 	Name: R. Hanes Whiteley 
	 	Title: Its Duly Authorized Signatory
    

NORTHSTAR HEALTHCARE ACQUISITIONS, L.L.C. 
CONDITIONAL WAIVER
LETTER 
SIGNATURE PAGE

	 	ACCEPTED AND AGREED: 
	 	  
	 	  
	 	BORROWER: 
	 	  
	 	NORTHSTAR HEALTHCARE ACQUISITIONS,
      
	 	L.L.C. 
	 	  
	 	By: 	/s/
      Kenneth Klein 
	 	Name: 	Kenneth Klein 
	 	Title: 	Chief
      Financial Officer  

NORTHSTAR HEALTHCARE ACQUISITIONS, L.L.C. 
CONDITIONAL WAIVER
LETTER 
SIGNATURE PAGEExhibit

Exhibit 10.1
EXECUTION VERSION

SEVENTH AMENDMENT TO THE 
THIRD AMENDED AND RESTATED  
RECEIVABLES PURCHASE AGREEMENT

This SEVENTH AMENDMENT TO THE THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT, dated as of December 4, 2015 (this “Amendment”), is among:
		
	(i) 
	RADNOR FUNDING CORP., as Seller (the “Seller”);

		
	(ii) 
	AIRGAS, INC. (in its individual capacity, “Airgas”), as Servicer (in such capacity, the “Servicer”);

		
	(iii) 
	VICTORY RECEIVABLES CORPORATION (“Victory”), as a Conduit Purchaser;

		
	(iv) 
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Administrator (in such capacity, the “Administrator”), as Purchaser Agent (in such capacity, the “Victory Purchaser Agent”) and as Related Committed Purchaser for the Purchaser Group that includes Victory (the “Victory Purchaser Group”);

		
	(v) 
	WORKING CAPITAL MANAGEMENT CO., LP (“Working Capital”), as a Conduit Purchaser and as Related Committed Purchaser for the Purchaser Group that includes Working Capital (the “Working Capital Purchaser Group”);

		
	(vi) 
	MIZUHO BANK, LTD. (f/k/a Mizuho Corporate Bank, Ltd.), as Purchaser Agent (in such capacity, the “Working Capital Purchaser Agent”) for the Working Capital Purchaser Group;

		
	(vii)
	ATLANTIC ASSET SECURITIZATION LLC (“Atlantic”), as a Conduit Purchaser;

		
	(viii)
	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK NEW YORK BRANCH, as Purchaser Agent (in such capacity, the “Atlantic Purchaser Agent”) and as Related Committed Purchaser for the Purchaser Group that includes Atlantic (the “Atlantic Purchaser Group”);

		
	(ix)
	REGENCY ASSETS LIMITED (“Regency”), as a Conduit Purchaser;

		
	(x)
	HSBC BANK USA, NATIONAL ASSOCIATION (“HSBC Bank USA”), as Related Committed Purchaser for the Purchaser Group that includes Regency (the “Regency Purchaser Group”); and

		
	(xi)
	HSBC SECURITIES (USA) INC. (“HSBC Securities”), as Purchaser Agent (in such capacity, the “Regency Purchaser Agent”) for the Regency Purchaser Group.

1

The foregoing entities are herein collectively referred to as the “Parties”, and capitalized terms used but not otherwise defined herein (including such terms used above) have the respective meanings set forth in the Receivables Purchase Agreement (as defined below).
BACKGROUND
WHEREAS, the Parties have entered into that certain Third Amended and Restated Receivables Purchase Agreement, dated as of March 17, 2010 (as amended, supplemented or otherwise modified through the date hereof, the “Receivables Purchase Agreement”); and 
WHEREAS, the Parties desire to amend the Receivables Purchase Agreement as set forth herein; and
WHEREAS, in connection with this Amendment and concurrently herewith, the Seller, the Servicer and the members of the Victory Purchaser Group are entering into an Eighth Amended and Restated Fee Letter, dated the date hereof (the “Victory Fee Letter”); and
WHEREAS, in connection with this Amendment and concurrently herewith, the Seller, the Servicer and the members of the Working Capital Purchaser Group are entering into an Amended and Restated Fee Letter, dated the date hereof (the “Working Capital Fee Letter”); and
WHEREAS, in connection with this Amendment and concurrently herewith, the Seller, the Servicer and the members of the Atlantic Purchaser Group are entering into an Amended and Restated Fee Letter, dated the date hereof (the “Atlantic Fee Letter”); and
WHEREAS, in connection with this Amendment and concurrently herewith,  the Seller, the Servicer and the members of the Regency Purchaser Group are entering into an Amended and Restated Fee Letter, dated the date hereof (the “Regency Fee Letter”, together with the Victory Fee Letter, the Working Capital Fee Letter and the Atlantic Fee Letter, collectively, the “Fee Letters”).
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
SECTION 1.    Amendment to the Receivables Purchase Agreement.  The definition of “Facility Termination Date” set forth in Exhibit I to the Receivables Purchase Agreement is amended by deleting the date “December 5, 2017” where it appears in clause (a) thereof and substituting the date “December 5, 2018” therefor.
SECTION 2.    Certain Representations, Warranties and Covenants.  Each of the Seller, Airgas and the Servicer hereby represents, warrants and covenants to each of the other Parties that:
(a)    the representations and warranties of such Person contained in Exhibit III to the Receivables Purchase Agreement are true and correct as of the date hereof (unless stated to relate solely to an earlier date, in which case such representations and warranties were true and correct as of such earlier date);

2

(b)    the execution and delivery by such Person of this Amendment, and the performance of its obligations under this Amendment and the Receivables Purchase Agreement (as amended hereby) are within its corporate powers and have been duly authorized by all necessary corporate action on its part, and this Amendment and the Receivables Purchase Agreement (as amended hereby) are its valid and legally binding obligations, enforceable in accordance with its terms, subject to the effect of bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally; and
(c)    no Termination Event or Unmatured Termination Event has occurred, is continuing, or would occur as a result of this Amendment.
SECTION 3.    Effectiveness.  This Amendment shall become effective as of the date hereof upon receipt by (i) the Victory Purchaser Agent of counterparts of the Victory Fee Letter, duly executed by each of the Parties party thereto, (ii) the Working Capital Purchaser Agent of counterparts of the Working Capital Fee Letter, duly executed by each of the Parties party thereto, (iii) the Atlantic Purchaser Agent of counterparts of the Atlantic Fee Letter, duly executed by each of the Parties party thereto, (iv) the Regency Purchaser Agent of counterparts of the Regency Fee Letter, duly executed by each of the Parties party thereto and (v) the Administrator of the following, in each case, in form and substance satisfactory to the Administrator:
(a)    counterparts of this Amendment, duly executed by each of the Parties;
(b)    confirmation from each Purchaser Agent that the “Amendment Fee” (as defined in each applicable Fee Letter) payable to such Purchaser Agent has been paid in full in accordance with the terms of the related Fee Letter; and
(c)    such other documents, certificates and instruments as the Administrator may reasonably request.
SECTION 4.    Effect of Amendment.  Except as expressly amended and modified by this Amendment, all provisions of the Receivables Purchase Agreement remain in full force and effect.  After this Amendment becomes effective, all references in the Receivables Purchase Agreement (or in any other Transaction Document) to “the Receivables Purchase Agreement,” “this Agreement,” “hereof,” “herein” or words of similar effect, in each case referring to the Receivables Purchase Agreement, shall be deemed to be references to the Receivables Purchase Agreement as amended by this Amendment.  This Amendment shall not be deemed to expressly or impliedly waive, amend or supplement any provision of the Receivables Purchase Agreement other than as set forth herein.
SECTION 5.    Ratification.  After giving effect to this Amendment and each of the transactions contemplated by this Amendment, all of the provisions of the Parent Undertaking Agreement shall remain in full force and effect and Airgas, as parent under the Parent Undertaking Agreement, hereby ratifies and affirms the Parent Undertaking Agreement and acknowledges that the Parent Undertaking Agreement has continued and shall continue in full force and effect in accordance with its terms.    

3

SECTION 6.    Counterparts.  This Amendment may be executed in any number of counterparts and by different Parties on separate counterparts, and each counterpart shall be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.  Delivery of an executed counterpart of this Amendment by facsimile or other electronic transmission shall be as effective as delivery of a manually executed counterpart.
SECTION 7.    Governing Law.  This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York without regard to any otherwise applicable conflict of law principles which would require the application of the laws of any jurisdiction other than those of the state of New York.
SECTION 8.    Section Headings.  The various headings of this Amendment are inserted for convenience only and shall not affect the meaning or interpretation of this Amendment or the Receivables Purchase Agreement or any provision hereof or thereof.
[Signatures begin on the following page]

4

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.

RADNOR FUNDING CORP., as Seller

By:  /s/ W. Gary Murray    
Name: W. Gary Murray
Title: President & Treasurer 

S-1    Seventh Amendment to Third Amended and  
Restated Receivables Purchase Agreement

AIRGAS, INC., as Servicer

By:  /s/ Joseph C. Sullivan    
Name: Joseph C. Sullivan
Title: Vice President and Treasurer 

S-2    Seventh Amendment to Third Amended and  
Restated Receivables Purchase Agreement

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Administrator

By:  /s/ Christopher Pohl    
Name: Christopher Pohl
Title: Managing Director 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Purchaser Agent for Victory’s Purchaser Group

By:  /s/ Christopher Pohl    
Name: Christopher Pohl
Title: Managing Director

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Related Committed Purchaser for Victory’s Purchaser Group

By:  /s/ Mustafa Khan    
Name: Mustafa Khan 
Title: Director

S-3    Seventh Amendment to Third Amended and  
Restated Receivables Purchase Agreement

VICTORY RECEIVABLES CORPORATION, as a Conduit Purchaser

By:  /s/ David V. DeAngelis    
Name: David V. DeAngelis
Title: Vice President 

S-4    Seventh Amendment to Third Amended and  
Restated Receivables Purchase Agreement

WORKING CAPITAL MANAGEMENT CO., LP, as a Conduit Purchaser and as Related Committed Purchaser for Working Capital’s Purchaser Group

By:  /s/ Kazuhiro Yasuda    
Name: Kazuhiro Yasuda
Title: Attorney-in-Fact 

S-5    Seventh Amendment to Third Amended and  
Restated Receivables Purchase Agreement

MIZUHO BANK, LTD., 
as Purchaser Agent for Working Capital’s Purchaser Group

By:  /s/ Takayuki Tomii    
Name: Takayuki Tomii
Title: Deputy General Manager 

S-6    Seventh Amendment to Third Amended and  
Restated Receivables Purchase Agreement

ATLANTIC ASSET SECURITIZATION LLC, as a Conduit Purchaser

By:  /s/ Kostantina Kourmpetis    
Name: Kostantina Kourmpetis
Title: Managing Director 

By:  /s/ Sam Pilcer    
Name: Sam Pilcer 
Title: Managing Director

S-7    Seventh Amendment to Third Amended and  
Restated Receivables Purchase Agreement

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK NEW YORK BRANCH, as Purchaser Agent and Related Committed Purchaser for Atlantic’s Purchaser Group

By:  /s/ Kostantina Kourmpetis    
Name: Kostantina Kourmpetis
Title: Managing Director 

By:  /s/ Sam Pilcer    
Name: Sam Pilcer 
Title: Managing Director

S-8    Seventh Amendment to Third Amended and  
Restated Receivables Purchase Agreement

REGENCY ASSETS LIMITED, as a Conduit Purchaser

By:  /s/ Rhys Owens    
Name: Rhys Owens
Title: Director 

HSBC BANK USA, NATIONAL ASSOCIATION, as Related Committed Purchaser for Regency’s Purchaser Group

By:  /s/ Nicholas Lotz       
Name: Nicholas Lotz
Title: Senior Vice President

HSBC SECURITIES (USA) INC., as Purchaser Agent for Regency’s Purchaser Group

By:  /s/ David J. Donofrio    
Name: David J. Donofrio
Title: Director 

S-9    Seventh Amendment to Third Amended and  
Restated Receivables Purchase Agreement

Acknowledge and Agreed:

AIRGAS, INC., as the Parent under the 
Parent Undertaking Agreement

By:  /s/ Joseph C. Sullivan    
Name: Joseph C. Sullivan
Title: Vice President and Treasurer 

S-10    Seventh Amendment to Third Amended and  
Restated Receivables Purchase Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00252-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00252-of-00352.parquet"}]]