Document:

exv10w4

 

Exhibit 10.4

AMENDMENT NUMBER 3

TO AMENDED AND RESTATED LOAN AGREEMENT

          THIS AMENDMENT NUMBER 3, dated as of April 30, 2004 (this “Amendment”) to the Amended and
Restated Loan Agreement, dated as of March 7, 2003 (as amended or supplemented from time to time as
permitted thereby, the “Loan Agreement”), among CF LEASING LTD., a company with limited liability
organized and existing under the laws of Bermuda (together with its successors and permitted
assigns, the “Borrower”), FORTIS BANK (NEDERLAND) N.V., a Naamloze Vennootschap (“Fortis”), as
agent on behalf of the Lenders (in such capacity, the “Agent”), BTM CAPITAL CORPORATION (“BTMCC”),
a Delaware corporation and, the financial institutions from time to time party hereto (each,
including Fortis and BTMCC, a “Lender” and collectively, the “Lenders”).

W I T N E S S E T H:

          WHEREAS, the parties have previously entered into the Loan Agreement, dated as of September
18, 2002, as amended and restated as of March 7, 2003, the Amendment Number 1 thereto, dated as of
October 15, 2003 and the Amendment Number 2 thereto, dated as of March 4, 2004;

          WHEREAS, the parties desire to further amend the Loan Agreement in order to extend the
Conversion Date from April 30, 2004 to May 31, 2004;

          NOW THEREFORE, in consideration of the premises and mutual covenants herein contained, the
parties hereto agree as follows:

          SECTION 1. Defined Terms. Capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings assigned in the Loan Agreement.

          SECTION 2. Full Force and Effect. Other than as specifically modified hereby, the Loan
Agreement shall remain in full force and effect in accordance with the terms and provisions thereof
and is hereby ratified and confirmed by the parties hereto.

          SECTION 3. Amendment to the Loan Agreement. Effective upon the date hereof, following
the execution and delivery hereof, the definition of Conversion Date in Section 101 of the Loan
Agreement is hereby amended in its entirety to read as follows:

     “Conversion Date: With respect to the Commitment of any Lender, the earlier to occur of (i)
May 31, 2004 (as such date may be extended in accordance with Section 201(f)) and (ii) the date on
which an Early Amoritization Event initially occurs.”

          SECTION 4. Representations, Warranties and Covenants.

          The Borrower hereby confirms that each of the representations, warranties and covenants set
forth in Articles V and VI of the Loan Agreement are true and correct as of the date first written
above with the same effect as though each had been made as of such date,
except to the extent that any of such representations and warranties expressly relate to
earlier dates.

 

 

Exhibit 10.4

          SECTION 5. Effectiveness of Amendment; Terms of this Amendment.

          (a) This Amendment shall become effective as of the date first written above.

          (b) This Amendment shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns.

          (c) On and after the execution and delivery hereof, (i) this Amendment shall be a part of the
Loan Agreement, and (ii) each reference in the Loan Agreement to “this Agreement” or “hereof”,
“hereunder” or words of like import, and each reference in any other document to the Loan Agreement
shall mean and be a reference to the Loan Agreement as amended or modified hereby.

          SECTION 6. Execution in Counterparts. This Amendment may be executed by the parties
hereto in separate counterparts, each of which shall be deemed to be an original and all of which
shall constitute together but one and the same agreement.

          SECTION 7. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO CONFLICT OF LAW PRINCIPLES; PROVIDED THAT
SECTION 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW SHALL APPLY, AND THE OBLIGATIONS,
RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK.

          SECTION 8. Consent to Jurisdiction. ANY LEGAL SUIT, ACTION OR PROCEEDING AGAINST THE
AGENT ARISING OUT OF OR RELATING TO THIS LOAN AGREEMENT, OR ANY TRANSACTION CONTEMPLATED HEREBY,
MAY BE INSTITUTED IN ANY FEDERAL OR STATE COURT IN THE CITY AND COUNTY OF NEW YORK, STATE OF NEW
YORK AND THE AGENT AND THE BORROWER EACH HEREBY WAIVE ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER
HAVE TO THE LAYING OF VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING, AND, SOLELY FOR THE PURPOSES OF
ENFORCING THIS LOAN AGREEMENT, EACH AGENT AND THE BORROWER EACH HEREBY IRREVOCABLY SUBMITS TO THE
JURISDICTION OF ANY SUCH COURT IN ANY SUCH SUIT, ACTION OR PROCEEDING. THE AGENT AND THE BORROWER
HEREBY IRREVOCABLY APPOINTS AND DESIGNATES CT CORPORATION SYSTEMS, HAVING AN ADDRESS AT 111 EIGHTH
AVENUE, NEW YORK, NEW YORK, 10011, ITS TRUE AND DULY AUTHORIZED AGENT FOR THE LIMITED PURPOSE OF
RECEIVING AND FORWARDING LEGAL PROCESS IN ANY SUCH SUIT, ACTION OR PROCEEDING, AND THE AGENT AND
THE BORROWER EACH AGREE THAT SERVICE OF PROCESS UPON SUCH PARTY SHALL CONSTITUTE PERSONAL SERVICE
OF SUCH PROCESS ON SUCH PERSON. PURSUANT TO NEW YORK GENERAL OBLIGATIONS LAW SECTION 5-1402, THE
AGENT AND THE BORROWER SHALL EACH MAINTAIN THE DESIGNATION AND APPOINTMENT OF SUCH AUTHORIZED AGENT UNTIL ALL AMOUNTS PAYABLE UNDER THIS LOAN
AGREEMENT SHALL HAVE BEEN PAID IN FULL. IF SUCH AGENT SHALL CEASE TO SO ACT, THE AGENT OR THE
BORROWER,

 

 

Exhibit 10.4

AS THE CASE MAY BE, SHALL IMMEDIATELY DESIGNATE AND APPOINT ANOTHER SUCH AGENT
SATISFACTORY TO THE AGENT AND SHALL PROMPTLY DELIVER TO THE AGENT EVIDENCE IN WRITING OF SUCH OTHER
AGENT’S ACCEPTANCE OF SUCH APPOINTMENT.

          SECTION 9. No Novation. Notwithstanding that the Loan Agreement is hereby amended by
this Amendment as of the date hereof, nothing contained herein shall be deemed to cause a novation
or discharge of any existing indebtedness of the Borrower under the Loan Agreement, or the security
interest in the Collateral created thereby.

[Signature page follows.]

 

 

Exhibit 10.4

          IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment on the date
first above written.

	 	 	 	 	 	 	 
	 	 	CF LEASING LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ PETER J. YOUNGER	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Peter J. Younger	 	 
	 	 	Title: Director	 	 

Amendment No. 3 to A&R Loan Agt.

 

 

Exhibit 10.4

	 	 	 	 	 	 	 
	 	 	FORTIS BANK (NEDERLAND) N.V., as Agent and a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ M. A. N. VAN LACUM	 	 
	 

	 	 	 	 	 	 
	 	 	Name: M. A. N. van Lacum	 	 
	 	 	Title: Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ MERIJN ZONDAG	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Merijn Zondag	 	 
	 	 	Title: Director	 	 

Amendment No. 3 to A&R Loan Agt.

 

 

Exhibit 10.4

	 	 	 	 	 	 	 
	 	 	BTM CAPITAL CORPORATION, as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ JOHN F. McCARTHY	 	 
	 

	 	 	 	 	 	 
	 	 	Name: John F. McCarthy
	 	 
	 	 	Title: Vice President	 	 

	 	 	 	 	 
	 

	 	Address:
	 	111 Huntington Avenue, Suite 400
	 

	 	 	 	Boston, MA 02199
	 
	 	 	 	 
	 

	 	Attention:
	 	Vice President — Administration
	 

	 	Facsimile:
	 	(617) 345-1444
	 

	 	Telephone:
	 	(617) 345-5727

Amendment No. 3 to A&R Loan Agt.exv10w5

 

Exhibit 10.5

AMENDMENT NUMBER 4

TO AMENDED AND RESTATED LOAN AGREEMENT

          THIS AMENDMENT NUMBER 4, dated as of May 31, 2004 (this “Amendment”) to the Amended and
Restated Loan Agreement, dated as of March 7, 2003 (as amended or supplemented from time to time as
permitted thereby, the “Loan Agreement”), among CF LEASING LTD., a company with limited liability
organized and existing under the laws of Bermuda (together with its successors and permitted
assigns, the “Borrower”), FORTIS BANK (NEDERLAND) N.V., a Naamloze Vennootschap (“Fortis”), as
agent on behalf of the Lenders (in such capacity, the “Agent”), BTM CAPITAL CORPORATION (“BTMCC”),
a Delaware corporation and, the financial institutions from time to time party hereto (each,
including Fortis and BTMCC, a “Lender” and collectively, the “Lenders”).

W I T N E S S E T H:

          WHEREAS, the parties have previously entered into the Loan Agreement, dated as of September
18, 2002, as amended and restated as of March 7, 2003, the Amendment Number 1 thereto, dated as of
October 15, 2003, the Amendment Number 2 thereto, dated as of March 4, 2004, and the Amendment
Number 3, dated as of April 30, 2004;

          WHEREAS, the parties desire to further amend the Loan Agreement in order to extend the
Conversion Date from May 31, 2004 to June 15, 2004;

          NOW THEREFORE, in consideration of the premises and mutual covenants herein contained, the
parties hereto agree as follows:

          SECTION 1. Defined Terms. Capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings assigned in the Loan Agreement.

          SECTION 2. Full Force and Effect. Other than as specifically modified hereby, the Loan
Agreement shall remain in full force and effect in accordance with the terms and provisions thereof
and is hereby ratified and confirmed by the parties hereto.

          SECTION 3. Amendment to the Loan Agreement. Effective upon the date hereof, following
the execution and delivery hereof, the definition of Conversion Date in Section 101 of the Loan
Agreement is hereby amended in its entirety to read as follows:

     “Conversion Date: With respect to the Commitment of any Lender, the earlier to occur of (i)
June 15, 2004 (as such date may be extended in accordance with Section 201(f)) and (ii) the date on
which an Early Amoritization Event initially occurs.”

          SECTION 4. Representations, Warranties and Covenants.

          The Borrower hereby confirms that each of the representations, warranties and covenants set
forth in Articles V and VI of the Loan Agreement are true and correct as of the date first written
above with the same effect as though each had been made as of such date,
except to the extent that any of such representations and warranties expressly relate to
earlier dates.

 

 

Exhibit 10.5

          SECTION 5. Effectiveness of Amendment; Terms of this Amendment.

          (a) This Amendment shall become effective as of the date first written above.

          (b) This Amendment shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns.

          (c) On and after the execution and delivery hereof, (i) this Amendment shall be a part of the
Loan Agreement, and (ii) each reference in the Loan Agreement to “this Agreement” or “hereof”,
“hereunder” or words of like import, and each reference in any other document to the Loan Agreement
shall mean and be a reference to the Loan Agreement as amended or modified hereby.

          SECTION 6. Execution in Counterparts. This Amendment may be executed by the parties
hereto in separate counterparts, each of which shall be deemed to be an original and all of which
shall constitute together but one and the same agreement.

          SECTION 7. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO CONFLICT OF LAW PRINCIPLES; PROVIDED THAT
SECTION 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW SHALL APPLY, AND THE OBLIGATIONS,
RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK.

          SECTION 8. Consent to Jurisdiction. ANY LEGAL SUIT, ACTION OR PROCEEDING AGAINST THE
AGENT ARISING OUT OF OR RELATING TO THIS LOAN AGREEMENT, OR ANY TRANSACTION CONTEMPLATED HEREBY,
MAY BE INSTITUTED IN ANY FEDERAL OR STATE COURT IN THE CITY AND COUNTY OF NEW YORK, STATE OF NEW
YORK AND THE AGENT AND THE BORROWER EACH HEREBY WAIVE ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER
HAVE TO THE LAYING OF VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING, AND, SOLELY FOR THE PURPOSES OF
ENFORCING THIS LOAN AGREEMENT, EACH AGENT AND THE BORROWER EACH HEREBY IRREVOCABLY SUBMITS TO THE
JURISDICTION OF ANY SUCH COURT IN ANY SUCH SUIT, ACTION OR PROCEEDING. THE AGENT AND THE BORROWER
HEREBY IRREVOCABLY APPOINTS AND DESIGNATES CT CORPORATION SYSTEMS, HAVING AN ADDRESS AT 111 EIGHTH
AVENUE, NEW YORK, NEW YORK, 10011, ITS TRUE AND DULY AUTHORIZED AGENT FOR THE LIMITED PURPOSE OF
RECEIVING AND FORWARDING LEGAL PROCESS IN ANY SUCH SUIT, ACTION OR PROCEEDING, AND THE AGENT AND
THE BORROWER EACH AGREE THAT SERVICE OF PROCESS UPON SUCH PARTY SHALL CONSTITUTE PERSONAL SERVICE
OF SUCH PROCESS ON SUCH PERSON. PURSUANT TO NEW YORK GENERAL OBLIGATIONS LAW SECTION 5-1402, THE
AGENT AND THE BORROWER SHALL EACH MAINTAIN THE
DESIGNATION AND APPOINTMENT OF SUCH AUTHORIZED AGENT UNTIL ALL AMOUNTS PAYABLE UNDER THIS LOAN
AGREEMENT SHALL HAVE BEEN PAID IN FULL. IF SUCH AGENT SHALL CEASE TO SO ACT, THE AGENT OR THE
BORROWER,

 

 

Exhibit 10.5

AS THE CASE MAY BE, SHALL IMMEDIATELY DESIGNATE AND APPOINT ANOTHER SUCH AGENT
SATISFACTORY TO THE AGENT AND SHALL PROMPTLY DELIVER TO THE AGENT EVIDENCE IN WRITING OF SUCH OTHER
AGENT’S ACCEPTANCE OF SUCH APPOINTMENT.

          SECTION 9. No Novation. Notwithstanding that the Loan Agreement is hereby amended by
this Amendment as of the date hereof, nothing contained herein shall be deemed to cause a novation
or discharge of any existing indebtedness of the Borrower under the Loan Agreement, or the security
interest in the Collateral created thereby.

[Signature page follows.]

 

 

          IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment on the date
first above written.

	 	 	 	 	 	 	 
	 	 	CF LEASING LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ PETER J. YOUNGER	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Peter J. Younger	 	 
	 	 	Title: Director	 	 

Amendment No. 4 to A&R Loan Agt.

 

 

	 	 	 	 	 	 	 
	 	 	FORTIS BANK (NEDERLAND) N.V., as Agent and a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ M. A. N. VAN LACUM	 	 
	 

	 	 	 	 	 	 
	 	 	Name: M. A. N. van Lacum	 	 
	 	 	Title: Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ M. P. A. ZONDAG	 	 
	 

	 	 	 	 	 	 
	 	 	Name: M. P. A. Zondag	 	 
	 	 	Title: Managing Director	 	 

Amendment No. 4 to A&R Loan Agt.

 

 

	 	 	 	 	 	 	 
	 	 	BTM CAPITAL CORPORATION, as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ PAUL F. NOLAN	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Paul F. Nolan	 	 
	 	 	Title: Senior Vice President	 	 

	 	 	 	 	 
	 

	 	Address:
	 	111 Huntington Avenue,
Suite 400

Boston, MA 02199
	 
	 	 	 	 
	 

	 	Attention:
	 	Vice President — Administration
	 

	 	Facsimile:
	 	(617) 345-1444
	 

	 	Telephone:
	 	(617) 345-5727

Amendment No. 4 to A&R Loan Agt.

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