Document:

Exhibit 4.1

 

AMENDMENT

TO

RIGHTS
AGREEMENT

 

This Amendment, dated as of
July 8, 2009, is made between Bemis Company, Inc., a Missouri
corporation (the “Company”), and Wells Fargo Bank, National Association
(formerly known as Norwest Bank Minnesota, National Association) as Rights
Agent (the “Rights Agent”), and amends the Rights Agreement dated as of
July 29, 1999 (the “Rights Agreement”).

 

Recitals

 

A.                                 Pursuant to Section 27 of the Rights
Agreement, the Company may from time to time supplement or amend the Rights
Agreement in accordance with the provisions of that section.

 

B.                                   The Board of Directors of the Company
desires to terminate the Rights Agreement by amending it to accelerate the
Final Expiration Date set forth therein.

 

Amendment

 

This Amendment amends the Rights Agreement as follows:

 

1.                                     Capitalized terms that are not otherwise defined herein shall have the
meanings ascribed to them in the Rights Agreement.

 

2.                                     Section 7(a) of the Rights
Agreement is hereby amended and restated to read in its entirety as follows:

 

(a)                                  Subject to Section 11(a)(ii), the registered holder of any Right
Certificate may exercise the Rights evidenced thereby (except as otherwise
provided herein) in whole or in part at any time after the Distribution Date
upon surrender of the Right Certificate, with the form of election to purchase
on the reverse side thereof duly completed and executed, to the Rights Agent at
the office or offices of the Rights Agent designated for such purpose, together
with payment of the Purchase Price for each one two-hundredth of a Preferred
Share as to which Rights are exercised, at or prior to the earliest of
(i) the Close of Business on July 8, 2009 (the “Final Expiration
Date”), (ii) the time at which the Rights are redeemed as provided in
Section 23 hereof (the “Redemption Date”), or (iii) the time at which
such Rights are exchanged as provided in Section 24 hereof.

 

3.                                     This Amendment
may be executed in any number of counterparts, each of which shall be deemed an
original, but such counterparts shall together constitute the same instrument.

 

 

4.                                     This Amendment shall be deemed to be a
contract made under the laws of the State of Missouri and for all purposes
shall be governed by and construed in accordance with the laws of such state
applicable to contracts to be made and performed entirely within such state.

 

[Signature
Page Follows]

 

2

 

This Amendment has been duly
executed by the Company and the Rights Agent as of the date first written
above.

 

 

	
   

  	
  BEMIS COMPANY, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Melanie E. R.
  Miller

  
	
   

  	
   

  	
  Name: Melanie E. R.
  Miller

  
	
   

  	
   

  	
  Title: Vice President
  and Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  WELLS FARGO BANK,

  
	
   

  	
  NATIONAL ASSOCIATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jennifer Leno

  
	
   

  	
   

  	
  Name: Jennifer Leno

  
	
   

  	
   

  	
  Title: Vice PresidentExhibit 10.1

 

TEMPORARY WAIVER
AGREEMENT (this “Agreement”), dated as of July 1, 2009, to the
Fourth Amended and Restated Credit Agreement dated as of January 31, 2005
(as heretofore amended, supplemented or otherwise modified, the “Credit
Agreement”), among ACCURIDE CORPORATION, a Delaware corporation (the “U.S.
Borrower”), ACCURIDE CANADA INC., a corporation organized and existing
under the law of the Province of Ontario (the “Canadian Borrower”, and,
together with the U.S. Borrower, the “Borrowers”), the banks, financial
institutions and other institutional lenders party thereto (collectively, the “Lenders”),
CITICORP USA, INC., a Delaware corporation (“Citicorp”), as
administrative agent for the Lenders (in such capacity, the “Administrative
Agent”), is entered into by and among the Borrowers, the Lenders and the
Administrative Agent.

 

W I T N E S S E T H:

 

A.            WHEREAS,
the Borrowers, the Lenders, and the Administrative Agent are parties to the
Credit Agreement;

 

B.            WHEREAS,
pursuant to the Credit Agreement, the Lenders have made certain loans to the
Borrowers;

 

C.            WHEREAS,
as a result of the likely occurrence of certain Events of Default under the
Credit Agreement, the Administrative Agent and the Lenders will, if such Events
of Default occur and continue, be entitled to exercise all of their rights and
remedies under the Credit Agreement, the other Loan Documents and applicable
law (such rights, remedies and actions, collectively, “Enforcement Actions”),
including without limitation, to declare to be immediately due and payable the
outstanding principal of the Advances, all accrued interest thereon and all
fees and other obligations owing to the Administrative Agent and the Lenders
under the Credit Agreement and the other Loan Documents;

 

D.            WHEREAS,
Citicorp, in its capacity as the existing Administrative Agent (in such
capacity, the “Existing Administrative Agent”) under the Credit
Agreement and the other Loan Documents, desires to resign as Administrative
Agent;

 

E.             WHEREAS,
certain Lenders identified to the U.S. Borrower have formed a steering
committee (the “Steering Committee”), provided that members of
the Steering Committee shall not assume any additional duties or obligations as
a result of being on the Steering Committee;

 

F.             WHEREAS,
each Borrower acknowledges and agrees that it shall not request any Advances,
Letters of Credit or other extensions of credit under the Credit Agreement
during the Temporary Waiver Period (as defined below), except as contemplated
in Section 4.7 hereof;

 

G.            WHEREAS,
the Borrowers have requested that the Lenders agree to temporarily waive the
Scheduled Defaults (as defined below) in order to afford the Borrowers an
opportunity to propose an amendment to or restructuring of its obligations
under the Credit Agreement and the other Loan Documents; and

 

H.            WHEREAS,
the Lenders have agreed to such request, subject to the terms and provisions
set forth in this Agreement, and without any advance understanding or agreement
by the Lenders to consent to any proposed amendment to or restructuring of the
Credit Agreement or the consummation of any transaction for which consent or
waiver would be required under the Credit Agreement or the other Loan
Documents.

 

 

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

 

SECTION 1.           DEFINITIONS.
Capitalized terms used but not defined herein have the meanings assigned to
them in the Credit Agreement.

 

SECTION 2.           ACKNOWLEDGEMENTS.

 

2.1           Amount of Obligations.  Each Loan Party acknowledges and agrees that (a) as
of 5:00 pm New York time on the date hereof, the Obligations include, without
limitation, the amounts set forth on Schedule 1 attached hereto on account of
the outstanding unpaid amount of principal of, accrued and unpaid interest on,
and fees and commissions related to, the Advances and (b) such Loan Party
is truly and justly indebted to the Lenders and the Administrative Agent for, or
has provided a guaranty for the benefit of the Lenders and the Administrative
Agent with respect to, the Obligations without defense, counterclaim or offset
of any kind, and such Loan Party ratifies and reaffirms the validity,
enforceability and binding nature of such Obligations.

 

2.2           Events of Default. 
Each Loan Party acknowledges and agrees that (a)(i) the Events of
Default set forth on Schedule 2 attached hereto (the “Scheduled Defaults”)
are likely to occur during the Temporary Waiver Period and (ii) each Loan
Party represents and warrants to the Administrative Agent and the Lenders that
no other Default or Event of Default has occurred and continues to exist as of
the Effective Date (as defined below) and (b) absent the agreement of the
Lenders to temporarily waive the Scheduled Defaults as provided in this
Agreement, if the Scheduled Defaults have occurred and are continuing, the
Administrative Agent and the Lenders would be entitled to at any time take any
and all Enforcement Actions.

 

2.3           Collateral. 
Each Loan Party ratifies and reaffirms the validity and enforceability
(without defense, counterclaim or offset of any kind) of the Liens granted to
secure any of the Obligations by such Loan Party to the Administrative Agent,
for the benefit of the Lenders, pursuant to the Collateral Documents to which
such Loan Party is a party.  Each Loan
Party acknowledges and agrees that all such Liens granted by such Loan Party
shall continue to secure the Obligations from and after the Effective
Date.  Each Loan Party hereby represents
and warrants to the Administrative Agent and the Lenders that, pursuant to the
Collateral Documents to which such Loan Party is a party, the Obligations are
secured by Liens on all of such Loan Party’s assets to the extent required by
the Collateral Documents, and each Loan Party will, at the reasonable request
of the Administrative Agent or any of the Lenders, deliver to the requesting
party documents evidencing the validity and enforceability of such Liens.

 

2.4           Not an Arrangement with Creditors.  Each of the parties hereto acknowledges that
this document is a temporary waiver in accordance with the terms hereof and
should not be construed as an arrangement by any Loan Party with its creditors.

 

SECTION 3.           TEMPORARY WAIVER.

 

3.1           Temporary Waiver Period.  Subject to the terms and conditions of this
Agreement, the Lenders party hereto agree to temporarily waive the Scheduled
Defaults during the period from and including the Effective Date until the
earliest to occur of (the date of such occurrence, the “Temporary Waiver
Termination Date”; and such period, the “Temporary Waiver Period”) (a) 5:00 P.M.
(New York City time) on August 15, 2009, (b) the occurrence and
continuance of an Event of Default that is not a Scheduled Default, (c) the
payment of the interest payment due and owing on August 1, 2009 to the
holders under the U.S. Borrower’s 81⁄2% Senior Subordinated Notes due 2015, (d) any
representation 

 

2

 

or warranty made by any Loan Party in this
Agreement proving to have been untrue, inaccurate or incomplete in any material
respect on or as of the date made or deemed made, (e) failure of any Loan
Party to perform, as and when required, any of their respective covenants or
other obligations set forth in this Agreement (it being understood that time is
of the essence for each such covenant and obligation), including without
limitation, any provision of Section 4 below, and (f) any Loan Party
shall take any action to challenge (including without limitation, to assert in
writing any challenge to) the validity or enforceability of this Agreement or
any other Loan Document or any provision hereof or thereof.

 

3.2           No Waiver; Limitation on Temporary Waiver.  Each Loan Party acknowledges and agrees that
the Lenders are only agreeing to temporarily waive the Scheduled Defaults
during the Temporary Waiver Period, and after the Temporary Waiver Termination
Date, if the Scheduled Defaults have occurred and are continuing, the temporary
waiver provided herein shall terminate and as a result, (a) the waiver in
this Agreement shall no longer constitute a waiver of the occurrence or the
continuance of any Event of Default which is a Scheduled Default, and each such
Event of Default that occurs shall, after it occurs, continue to exist after
the Temporary Waiver Termination Date and (b) nothing contained in this
Agreement shall be construed to limit or affect the right of the Administrative
Agent and the Lenders to bring or maintain during the Temporary Waiver Period
any action to enforce or interpret any term or provision of this Agreement, or
to file or record instruments of public record (or take other action) to
perfect or further protect the perfection and/or priority of the liens and
security interests granted by the Loan Parties to the Administrative Agent and
the Lenders.  For the avoidance of doubt,
during the Temporary Waiver Period, the Loan Parties and their Subsidiaries may
not take any action that would be prohibited under any Loan Document during the
occurrence of a Default or Event of Default.

 

3.3           Enforcement Actions after Temporary Waiver Period.  Each Loan Party acknowledges and agrees that,
on the Temporary Waiver Termination Date, the agreement of the Lenders to
temporarily waive the Scheduled Defaults shall cease and be of no further force
or effect, and if any Scheduled Default has occurred and is continuing at such
time, the Administrative Agent and the Lenders shall be entitled to immediately
take Enforcement Actions under the Credit Agreement, the other Loan Documents
and applicable law, all without further notice or demand, in respect of the
Scheduled Defaults, or any other Event of Default, then existing.

 

SECTION 4.           AGREEMENTS.  To induce the Administrative Agent and the
Lenders to enter into this Agreement and to temporarily waive the Scheduled
Defaults during the Temporary Waiver Period, if the Scheduled Defaults have
occurred and are continuing, the Borrowers, the other Loan Parties, the
Administrative Agent and the Lenders agree as follows:

 

4.1           Financial Advisor. 
The Administrative Agent or the Steering Committee shall, on behalf of
the Lenders, have the right to hire or to cause its counsel to hire for its
benefit a restructuring or financial advisor to assist with the coordination
and consummation of a potential amendment to or restructuring of the Credit
Agreement, and the U.S. Borrower shall be liable for all costs and expenses
incurred by the Administrative Agent or the Steering Committee, as applicable,
with respect to such restructuring or financial advisor.  In connection with any such hiring, the U.S.
Borrower shall promptly execute and deliver an engagement-related agreement
which is reasonably satisfactory in form and substance to the U.S. Borrower,
which shall include an agreement by the U.S. Borrower to be directly
responsible for the fees of such restructuring or other financial advisor and
to use its commercially reasonable efforts to cooperate, and to cause its own
advisors and its Subsidiaries to cooperate with such restructuring or other
financial advisor in the performance of its duties as an advisor in accordance
with such engagement-related agreement.

 

4.2           Cash and Cash Equivalents.  Promptly following the Effective Date, the
Borrowers shall identify the locations and amounts of material holdings by it
and its Subsidiaries of cash 

 

3

 

and Cash Equivalents and take or cause to be
taken such actions as the Administrative Agent or the Steering Committee may
reasonably request to assure that the Administrative Agent for the benefit of
the Lenders has a perfected security interest therein with “control” (as
defined in the Uniform Commercial Code) with respect thereto to the extent
required pursuant to the Loan Documents.

 

4.3           Minimum Liquidity. 
From and after the Effective Date, the U.S. Borrower shall not, directly
or indirectly, at any time permit (a) Liquidity to be less than
$30,000,000 or (b) average Liquidity for five consecutive Business Days (“Average
Liquidity”) to be less than $35,000,000; provided, however,
that (i) Liquidity shall be calculated without giving effect to the
unutilized amount of Commitments of any Defaulting Lender and (ii) if (A) Liquidity
at any time is less than $30,000,000 but greater than $28,000,000 or (B) average
Liquidity for five consecutive Business Days is less than $35,000,000 but
greater than $33,000,000, such failure shall not constitute an Event of Default
or a failure to perform its obligations hereunder if such failure is consented
to by the Steering Committee within three Business Days after the occurrence of
such failure.  Upon any Responsible
Officer of the U.S. Borrower becoming aware of the failure to satisfy the
requirement in clause (a) or (b) of the previous sentence, the U.S.
Borrower shall immediately notify the Administrative Agent and the Steering
Committee of such failure.  In addition,
if at any time (x) Liquidity is less than $32,000,000 or (y) Average
Liquidity is less than $37,000,000, the U.S. Borrower shall, on each Business
Day thereafter, deliver to the Administrative Agent and the Steering Committee
a report setting forth the Liquidity at the end of the previous Business Day
and the Average Liquidity for the five consecutive Business Days ending on such
previous day, and such daily reporting shall continue until the U.S. Borrower
delivers to the Administrative Agent a report demonstrating that, at the end of
the previous Business Day, Liquidity is greater than $32,000,000 and Average
Liquidity is greater than $37,000,000.

 

4.4           Weekly Cash Flow Forecasts, Etc.  The U.S. Borrower shall deliver to the
Administrative Agent and the Steering Committee, on Thursday (or the
immediately succeeding Business Day if Thursday is not a Business Day) of each
week (commencing with the week ending on Saturday July 4, 2009), (a) a
13-week cash flow forecast in the form of such forecast delivered to the
Steering Committee prior to the Effective Date or another form reasonably
satisfactory to the Steering Committee (the “13-Week Cash Flow Forecast”),
(b) a reconciliation of the cash balances of the U.S. Borrower and its
Subsidiaries between the amount shown on the U.S. Borrower’s general ledger for
the prior week and the amount maintained on deposit for such week by the U.S.
Borrower and its Subsidiaries with banks, (c) a variance report (i) showing
on a line item basis the percentage and dollar variance of actual cash
disbursements and revenues and cash receipts for the prior week from the
amounts set forth for such week in the most recent 13-Week Cash Flow Forecast
and (ii) containing explanations of material variances from such 13-Week
Cash Flow Forecast, (d) a certificate, in a form satisfactory to the
Steering Committee, of a Responsible Officer of the U.S. Borrower as to the
calculation of Liquidity for the prior week and attaching forth such
calculations and (e) the weekly flash information provided to the U.S.
Borrower’s Board of Directors for such week. 
Each delivery of the 13-Week Cash Flow Forecast shall be deemed to be a
representation by the U.S. Borrower that such 13-Week Cash Flow Forecast has
been prepared based upon good faith estimates and assumptions that the U.S.
Borrower believes were reasonable at the time made (it being understood and
agreed that such 13-Week Cash Flow Forecast is not to be viewed as fact and
that actual results during the period or periods covered thereby may differ
from such projected results).

 

4.5           Bi-Weekly Updates. 
If requested by the Administrative Agent or the Steering Committee, on
Thursday (or the immediately succeeding Business Day if Thursday is not a
Business Day) of every other week (commencing with Thursday, July 9, 2009)
during the Temporary Waiver Period, the U.S. Borrower shall provide the
Administrative Agent, the Steering Committee and their respective advisors with
an update (via a meeting or conference call with the U.S. Borrower’s management
and its advisors) on the weekly flash information provided to the Board of
Directors, the 

 

4

 

ongoing financial performance, operations and
liquidity of the U.S. Borrower and its Subsidiaries and the progress toward a
proposal for an amendment to or restructuring of the Obligations under the
Credit Agreement and the Senior Subordinated Notes.

 

4.6           Additional Interest; Fees.  For each day during the Temporary Waiver
Period, the Advances and all outstanding Obligations shall accrue interest at a
rate per annum equal to 2% plus the rate otherwise applicable to such Advances
pursuant to Section 2.07 of the Credit Agreement, and such additional
interest shall be paid monthly in arrears on the last Business Day of each
calendar month during the Temporary Waiver Period and on the Temporary Waiver
Termination Date.

 

4.7           Activity during Temporary Waiver Period.  The U.S. Borrower shall not, and shall not
permit any of its Subsidiaries to, (a) incur any Indebtedness under Section 5.02(b)(iii)(A) or
5.02(b)(iii)(I) of the Credit Agreement, other than PIK Advances, Letters
of Credit issued, in the sole discretion of the Issuing Bank, at the request of
the U.S. Borrower for the purpose of extending or replacing Letters of Credit
in the ordinary course, and up to $500,000 of Letter of Credit Advances
resulting from draws under Letters of Credit that are expiring,(b) make
any Investments under Section 5.02(e)(xiii) of the Credit Agreement or (c) sell
or otherwise dispose of any assets under Section 5.02(d)(ii) of the
Credit Agreement.  In addition, during
the Temporary Waiver Period, no Borrower shall request, or seek to enforce, the
funding of any Advances by any Defaulting Lender or any successor or assignee
thereof.  Furthermore, during the
Temporary Waiver Period, the U.S. Borrower and its Subsidiaries may not take
any action, except the incurrence of Indebtedness permitted by clause (a) above,
that would be prohibited by the terms of the Credit Agreement or any other Loan
Document at any time while an Event of Default is in existence.

 

4.8           FAS 159. 
Notwithstanding any other provision contained herein or in any other
Loan Document, all terms of an accounting or financial nature used herein or in
any other Loan Document shall be construed, and all computations of amounts and
ratios referred to herein or in any other Loan Document shall be made at all
times hereafter, without giving effect to any election under Statement of
Financial Accounting Standards 159 (or any other Financial Accounting Standard
having a similar result or effect) to value any Indebtedness or other
liabilities of  any Loan Party or any
Subsidiary of any Loan Party at “fair value”, as defined therein.

 

4.9           Milestones. 
The U.S. Borrower shall not later than July 24, 2009, present a
proposal for an amendment to or restructuring of its Obligations under the
Credit Agreement and the Senior Subordinated Notes.

 

4.10         Conversion of Advances.  Notwithstanding anything to the contrary in
the Loan Documents, from and after the Effective Date, (a) if, on any
date, the per annum interest rate applicable to Base Rate Advances is lower
than the per annum interest rate applicable to Eurodollar Rate Advances
requested on such date and having an Interest Period of one month, such Base
Rate Advances shall, on the third Business Day following such date, be
converted into Eurodollar Rate Advances having an Interest Period of one month,
and (b) subject to clause (a) above, on the last day of the then
existing Interest Period therefor each Eurodollar Rate Advance will, at the
option of the applicable Borrower either continue as a Eurodollar Rate Advance
having an Interest Period of one month or Convert to a Base Rate Advance, and (c) the
obligation of the Lenders to Convert or continue Advances into Eurodollar Rate
Advances having an Interest Period of longer than one month shall be suspended.

 

SECTION 5.           AGENCY RESIGNATION; CONSENT
AND APPOINTMENT OF SUCCESSOR ADMINISTRATIVE AGENT.  (a) The Existing Administrative Agent
desires to resign as Administrative Agent under the Credit Agreement and the
other Loan Documents, (b) the Lenders desire to appoint Deutsche Bank
Trust Company Americas (“Deutsche Bank”), an existing Lender, as
successor 

 

5

 

Administrative
Agent under the Credit Agreement and the other Loan Documents, (c) the
U.S. Borrower desires to consent to such appointment, and (d) Deutsche
Bank wishes to accept such appointment. 
Accordingly, the parties hereto hereby agree as follows:

 

5.1           Notice of Resignation.  The Existing Administrative Agent hereby
gives notice to the Lenders and the Borrowers of its resignation as
Administrative Agent pursuant to Section 8.06 of the Credit Agreement.

 

5.2           Consent and Appointment of Successor Administrative
Agent.  As of the Effective Date:

 

(a)           the Existing
Administrative Agent hereby resigns as the Administrative Agent, with such
resignation to become effective in accordance with Section 8.06 of the
Credit Agreement, and, upon the effectiveness of such resignation, shall have
no further obligations under the Loan Documents in such capacity except as set
forth in this Agreement;

 

(b)           the Lenders hereby
appoint Deutsche Bank as successor Administrative Agent (in such capacity, the “Successor
Administrative Agent”) under the Credit Agreement and the other Loan
Documents, with such appointment to become effective on the date on which
Deutsche Bank accepts such appointment as contemplated by Section 5.2(d);

 

(c)           the U.S.
Borrower hereby consents to the appointment of Deutsche Bank as Successor
Administrative Agent under the Credit Agreement and the other Loan Documents;

 

(d)           Deutsche Bank hereby
accepts its appointment as Successor Administrative Agent under the Credit
Agreement and the other Loan Documents, subject to (i) execution and
delivery by the parties thereto of an Agency Resignation, Assignment and
Assumption Agreement, in form and substance reasonably satisfactory to the
parties thereto, among Deutsche Bank, the Existing Administrative Agent and the
U.S. Borrower (the “Agency Agreement”), (ii) the execution and
delivery of such amendments to any Loan Documents as Deutsche Bank
reasonably deems necessary or appropriate to effectuate the replacement of the
Existing Administrative Agent by the Successor Administrative Agent and (iii) delivery
of such items as are customary in connection with an agency transfer;

 

(e)           each of the Existing
Administrative Agent, the Lenders, the Borrowers and the other Loan Parties
authorizes the Successor Administrative Agent to file any assignments or
amendments with respect to the Uniform Commercial Code financing statements,
mortgages and other filings in respect of the Collateral and the security
interests created under the Loan Documents as the Successor Administrative
Agent reasonably deems necessary or desirable, and each party hereto agrees to
execute any documentation and to take such other actions as may be reasonably
necessary to evidence the resignation and appointment described herein or
otherwise pursuant to the Loan Documents; and

 

(f)            each of the
Existing Administrative Agent, the Lenders, the Borrowers and the other Loan
Parties hereby authorize, and grant a power of attorney to, the Successor
Administrative Agent to enter into on their behalf any further amendments to
any Loan Documents the Successor Administrative Agent reasonably deems
necessary or appropriate to effectuate the replacement of the Existing
Administrative Agent by the Successor Administrative Agent.

 

6

 

5.3           Certain Credit Agreement Provisions.  The Lenders hereby agree that, as of the
Effective Date and until the completion of the transition of the role of
administrative agent from the Existing Administrative Agent to Deutsche Bank as
Successor Administrative Agent, the provisions of Article VIII and Section 9.04
of the Credit Agreement, to the extent they pertain to the Administrative
Agent, or its officers, directors, trustees, employees, advisors, agents and
affiliates, shall be in effect for the benefit of both the Existing
Administrative Agent and Deutsche Bank and their respective officers,
directors, trustees, employees, advisors, agents, sub-agents and affiliates,
including as to the activities of the Deutsche Bank contemplated hereunder
prior to the effectiveness of its appointment.

 

5.4           Swing Line Facility Termination.  The Swing Line Facility is terminated in its
entirety and the U.S. Borrower, the Successor Administrative Agent and the
Lenders hereby agree that, from and after the Effective Date, (a) the
Lenders shall have no obligation to make any extensions of credit under, the
Swing Line Facility, and the rights and obligations of the Swing Line Lender
under the Credit Agreement and the other Loan Documents are discharged, and (b) Citicorp
hereby resigns as Swing Line Lender.

 

SECTION 6.           CONDITIONS
PRECEDENT. This Agreement shall become effective as of the date first set
forth above (the “Effective Date”) following the date on which all of
the following conditions have been satisfied or waived:

 

(a)           Execution and
Delivery.  The Administrative Agent
shall have received counterparts of this Agreement, duly executed by (i) the
Borrowers and each other Loan Party, (ii) the Majority Lenders, (iii) the
Existing Administrative Agent and (iv) the Successor Administrative Agent.

 

(b)           Temporary Waiver
Fee.  The Administrative Agent shall
have received, for the account of each Lender that executes and delivers a
counterpart of this Agreement to counsel to the Administrative Agent by 5:00 P.M.,
New York City time, on Tuesday, July 7, 2009, a temporary waiver fee in an
amount equal to 0.35% of the sum of such Lender’s U.S. Revolving Commitment,
Canadian Revolving Credit Commitment and Term Advances then outstanding.

 

(c)           No Default.  After giving effect to this Agreement, there
shall be no Default or Event of Default.

 

(d)           Fees and Expenses.  The Administrative Agent shall have received
all invoiced fees and accrued expenses of the Administrative Agent required to
be paid by the Borrowers, including, without limitation, the reasonable fees
and expenses of legal counsel.

 

SECTION 7.           REPRESENTATIONS AND WARRANTIES.  In order to induce the Administrative Agent
and the Lenders to enter into this Agreement, the Borrowers and the other Loan
Parties hereby represent and warrant to the Administrative Agent and the
Lenders that:

 

(a)           this Agreement has
been duly authorized by all necessary action of such entity, duly executed and
delivered by such entity and constitutes a legal, valid and binding obligation
of the Borrowers and each Loan Party, as applicable, enforceable against each
such entity respectively in accordance with its terms, subject to applicable
bankruptcy, insolvency, reorganization, moratorium or other laws affecting
creditors’ rights generally and subject to general principles of equity,
regardless of whether considered in a proceeding in equity or at law; and

 

7

 

(b)           all of the
representations and warranties of each Loan Party contained in the Credit
Agreement or the other Loan Documents are true and correct in all material
respects on the Effective Date (except with respect to or as may be affected by
the Scheduled Defaults), with the same effect as though such representations
and warranties had been made on and as of the Effective Date (it being
understood that any representation or warranty made as of a specific date shall
be true and correct in all material respects as of such specific date).

 

SECTION 8.           CREDIT
AGREEMENT. Except as expressly set forth herein, this
Agreement (a) shall not by implication or otherwise limit, impair, constitute a waiver of or
otherwise affect the rights and remedies of the Lenders, the Administrative
Agent, or the Borrowers under the Credit Agreement or any other Loan Document
and (b) shall not alter, modify, amend or in any way affect any of the
terms, conditions, obligations, covenants or agreements contained in the Credit
Agreement or any other Loan Document, all of which are ratified and affirmed in
all respects and shall continue in full force and effect.  Nothing herein shall be deemed to entitle the
Borrowers to a consent to, or a waiver, amendment, modification or other change
of, any of the terms, conditions, obligations, covenants or agreements
contained in the Credit Agreement or any other Loan Document in similar or
different circumstances.  After the date
hereof, any reference in the Loan Documents to the Credit Agreement shall mean
the Credit Agreement as modified hereby.

 

SECTION 9.           CONSENT
OF LOAN PARTIES. Each of the Loan Parties hereby consents to this
Agreement.  Each of the parties hereto
agrees that this Agreement shall constitute a Loan Document.

 

SECTION 10.         Release.  In further consideration of the execution by
the Administrative Agent and the Lenders of this Agreement, each Borrower for
itself and on behalf of its successors, assigns, Subsidiaries and Affiliates
(the “Releasing Parties”), hereby forever releases the Administrative
Agent and the Lender Parties (other than any Defaulting Lender) and their
successors, assigns, parents, Subsidiaries, Affiliates, officers, employees,
directors, agents and attorneys (collectively, the “Released Parties”)
from any and all debts, claims, demands, liabilities, responsibilities,
disputes, causes, damages, actions and causes of action (whether at law or in
equity) and obligations of every nature whatsoever, whether liquidated or
unliquidated, known or unknown, matured or unmatured, fixed or contingent, that
any Releasing Party may have against the Released Parties that arise from or
relate to any actions which the Released Parties may have taken or omitted to
take prior to the date hereof, in each case with respect to, arising out of, or
related to the Obligations, any Collateral, the Credit Agreement, any other
Loan Document and any third parties liable in whole or in part for the
Obligations.

 

SECTION 11.         GOVERNING
LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER
THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

SECTION 12.         SUCCESSORS
AND ASSIGNS. This Agreement shall be binding upon and inure to the benefit
of the Borrowers, the other Loan Parties, the Administrative Agent and the
Lenders, and each of their respective successors and permitted assigns, and
shall not inure to the benefit of any third parties.  The execution and delivery of this Agreement
by any Lender prior to the Effective Date shall be binding upon its successors
and permitted assigns and shall be effective as to any Advances or Commitments
assigned to it after such execution and delivery.

 

SECTION 13.         COUNTERPARTS.
This Agreement may be executed by the parties hereto in any number of separate
counterparts (including facsimiled or electronic-mailed counterparts, and such
facsimile or electronic mail signatures shall be deemed to be the same as
original signatures), 

 

8

 

each of which shall be
deemed to be an original, and all of which taken together shall be deemed to
constitute one and the same instrument.

 

SECTION 14.         HEADINGS.
The Section headings used herein are for convenience of reference only,
are not part of this Agreement and are not to affect the construction of, or to
be taken into consideration in interpreting, this Agreement.

 

9

 

IN WITNESS WHEREOF, the parties hereto have caused
this Agreement to be executed and delivered by their duly authorized officers
as of the date first written above.

 

	
   

  	
  ACCURIDE
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky 

  
	
   

  	
   

  	
  Title:Chairman,
  President and Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ACCURIDE
  CANADA INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title:President,
  Director

  

 

 

Signature page to the Temporary Waiver

Agreement, dated as of July 1, 2009 to the

ACCURIDE
CORPORATION

Credit
Agreement

 

 

	
   

  	
  ACCURIDE
  CUYAHOGA FALLS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title:
  President, Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ACCURIDE
  DISTRIBUTING, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title:
  President, Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ACCURIDE
  EMI, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title:
  President, Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ACCURIDE
  ERIE L.P.

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  AKW
  GENERAL PARTNER L.L.C., AS GENERAL PARTNER

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  ACCURIDE
  CORPORATION, AS MEMBER

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title:
  President and Chief Executive Officer

  

 

 

	
   

  	
  ACCURIDE
  HENDERSON LIMITED LIABILITY COMPANY

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  ACCURIDE
  CORPORATION, AS MEMBER

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title: President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AKW
  GENERAL PARTNER L.L.C.

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  ACCURIDE
  CORPORATION, AS MEMBER

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title: President
  and Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AOT,
  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title: President,
  Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BOSTROM
  HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title:
  President, Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BOSTROM
  SEATING, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title: President,
  Director

  

 

 

	
   

  	
  BOSTROM
  SPECIALTY SEATING, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title:
  President, Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BRILLION
  IRON WORKS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title: President,
  Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ERIE
  LAND HOLDING, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title: President,
  Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  FABCO
  AUTOMOTIVE CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title: Chairman
  of the Board, Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GUNITE
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title: President,
  Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GUNITE
  EMI CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title: President,
  Director

  

 

 

	
   

  	
  IMPERIAL
  GROUP HOLDING CORP. - 1

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title: President,
  Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  IMPERIAL
  GROUP HOLDING CORP. - 2

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title: President,
  Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  IMPERIAL
  GROUP, L.P.

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  IMPERIAL
  GROUP HOLDING CORP. — 1, ITS GENERAL PARTNER

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title: President
  and Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  JAII
  MANAGEMENT COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title: President,
  Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TRANSPORTATION
  TECHNOLOGIES INDUSTRIES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title: President,
  Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TRUCK
  COMPONENTS INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William M. Lasky

  
	
   

  	
   

  	
  Name:
  William M. Lasky

  
	
   

  	
   

  	
  Title: President,
  Director

  
					

 

 

	
   

  	
  CITICORP
  USA, INC., as

  
	
   

  	
  Existing
  Administrative Agent and as Swing Line Bank

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  C.P. Mahon

  
	
   

  	
   

  	
  Name:
  C.P. Mahon

  
	
   

  	
   

  	
  Title: Vice President

  

 

 

	
   

  	
  DEUTSCHE
  BANK TRUST COMPANY AMERICAS,

  as Successor Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Omayra Laucella

  
	
   

  	
   

  	
  Name:
  Omayra Laucella

  
	
   

  	
   

  	
  Title: Vice
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Erin Morrissey

  
	
   

  	
   

  	
  Name:
  Erin Morrissey

  
	
   

  	
   

  	
  Title: Vice President

  

 

 

Signature page to the Temporary Waiver

Agreement, dated as of July 1, 2009 to the

ACCURIDE
CORPORATION

Credit
Agreement

 

	
   

  	
  Duane
  Street CLO III, Ltd.

  
	
   

  	
  By:
  DiMaio Ahmad Capital, LLC

  
	
   

  	
  As
  Collateral Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Paul Travers

  
	
   

  	
   

  	
  Name:
  Paul Travers

  
	
   

  	
   

  	
  Title: Authorized
  Signatory

  

 

 

Signature page to the Temporary Waiver

Agreement, dated as of July 1, 2009 to the

ACCURIDE
CORPORATION

Credit
Agreement

 

 

	
   

  	
   

  
	
   

  	
  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]