Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 

AMENDMENT NO. 1 TO CREDIT AGREEMENT 

AMENDMENT NO. 1 dated as of June 5, 2015 (this “Amendment”), to the Credit Agreement, dated as of October 29, 2014
(as amended, modified, extended, restated, replaced, or supplemented from time to time in accordance with its terms prior to the date hereof, the “Credit Agreement”), among MEDNAX, INC., a Florida corporation (the
“Borrower”), the Guarantors, the Lenders and JPMORGAN CHASE BANK, N.A., as administrative agent (the “Administrative Agent”), by and among the Borrower, the Guarantors, the Lenders party hereto and the
Administrative Agent. Terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement unless otherwise defined herein. 

W I T N E S S E T H: 

WHEREAS, the Borrower has requested an increase of $400,000,000 to the Revolving Committed Amount in the form of an Increased Revolver
Commitment pursuant to and on the terms set forth in Section 2.22 of the Credit Agreement; 
 WHEREAS, each Revolving Lender identified
on Schedule 1 hereto (each, an “Incremental Revolving Lender”) has agreed (on a several and not joint basis), subject to the terms and conditions set forth herein and in the Credit Agreement, to provide a portion of the Increased
Revolver Commitment in the amount set forth opposite such Revolving Lender’s name on Schedule 1 hereto (and the total amount of the Increased Revolver Commitment made pursuant to this Amendment shall be $400,000,000); 

WHEREAS, the Borrower has requested that Lenders agree to certain amendments and other modifications to the Credit Agreement in order to
permit the Amendment No. 1 Increased Revolver Commitment (as defined below); 
 WHEREAS, the Lenders party hereto, constituting at
least the Required Lenders, immediately prior to the Amendment Effective Date (as defined below), have agreed to such amendments and other modifications to the Credit Agreement, subject to the terms and conditions set forth in this Agreement;
and 
 WHEREAS, J.P. Morgan Securities LLC is acting as the lead “left” arranger and bookrunner of this Amendment No. 1 (the
“Amendment Lead Arranger”). 
 NOW, THEREFORE, the parties hereto hereby agree as follows: 

ARTICLE I 
 Increased Revolver
Commitment 
 Section 1.1. This Amendment includes an Increased Revolver Commitment referred to in Section 2.22(a)(i) of the
Credit Agreement, and the Borrower and each Incremental Revolving Lender agrees that, subject to the satisfaction of the conditions in Article III hereof, on the Amendment Effective Date (as defined below), the portion of the Increased Revolver
Commitment held by such Incremental Revolving Lender shall become effective and the total Revolving Commitment of each Incremental Revolving Lender shall be as set forth on Schedule 2 hereto (and such Schedule 2 shall supersede Schedule 2.1(a) to
the Credit Agreement, with respect to Revolving Commitments). 

 ARTICLE II 

Required Lender Amendments to Credit Agreement 

Section 2.1. Effective as of the Amendment Effective Date, the Credit Agreement is hereby amended as follows: 

(a) The cover page of the Credit Agreement is hereby amended by adding “Mizuho Bank, Ltd.” as a Co-Documentation
Agent. 
 (b) Section 1.1 of the Credit Agreement is hereby amended by inserting the following defined terms in the
appropriate alphabetical order therein: 
 “Amendment No. 1 Effective Date” shall mean June 5,
2015. 
 “Amendment No. 1 Increased Revolver Commitments” means the obligation, on a several and not
joint basis, of the Amendment No. 1 Incremental Lenders to provide Increased Revolver Commitments to the Borrower on and after the Amendment No. 1 Effective Date, in the aggregate principal amount of $400,000,000 pursuant to and on the
terms set forth in Section 2.22. 
 “Amendment No. 1 Incremental Lender” means any Lender that has
an Amendment No. 1 Increased Revolver Commitment. 
 (c) Section 2.22(a) of the Credit Agreement is hereby amended
by adding the following immediately after each instance of the term “$300,000,000” occurring therein: 
 “plus
the aggregate principal amount of the Amendment No. 1 Increased Revolver Commitments on the Amendment No. 1 Effective Date” 

ARTICLE III 
 Conditions to
Effectiveness 
 Section 3.1. Effective Date. This Amendment shall become effective on the date (the “Amendment
Effective Date”) on which: 
 (a) The Administrative Agent shall have received counterparts to this Amendment duly
executed and delivered by the Borrower, each Guarantor, the Administrative Agent, the Issuing Bank, the Swingline Lender, the Required Lenders, and each Incremental Revolving Lender. 

(b) The Administrative Agent shall have received updated financial projections and an officer’s certificates, in each case
in form and substance reasonably satisfactory to the Administrative Agent demonstrating that, as of the date hereof (after giving effect to the incurrence of the Increased Revolver Commitment and any borrowings thereunder and the application thereof
on a Pro Forma Basis), (i) the Credit Parties are in compliance with the financial covenants set forth in Section 5.9 of the Credit Agreement and (ii) no Default or Event of Default has occurred and is continuing. 

(c) The Borrower shall have paid all fees and expenses due under the fee letter, dated as of the date hereof, among the
Borrower and Amendment Lead Arranger and all other fees and reasonable out-of-pocket costs and expenses of the Administration Agent and the Amendment Lead Arranger (including the reasonable expenses of Cahill Gordon & Reindel LLP, counsel
to the Administrative Agent) for which invoices have been presented prior to the Amendment Effective Date. 

  
 -2- 

 (d) The Administrative Agent shall have received customary evidence of
authorization of the transactions described herein, valid organization and good standing (to the extent applicable) in the jurisdiction of organization, in each case with respect to the Borrower and each Guarantor, and officer’s certificates
related thereto, substantially in the form delivered on the Closing Date pursuant to Section 4.1(b) of the Credit Agreement. 

(e) The Administrative Agent shall have received the opinions of (i) Greenberg Traurig, P.A. and (ii) the general
counsel of the Borrower, in each case in form and substance reasonably satisfactory to the Administrative Agent. 
 ARTICLE IV 

Representation and Warranties 

Section 4.1. The Borrower hereby represents and warrants as of the Amendment Effective Date that this Amendment has been, or when
executed and delivered will be, duly and validly executed and delivered by the Borrower. Neither the execution and delivery of this Amendment, nor the consummation of the transactions herein contemplated, nor performance of and compliance with the
terms and provisions herein and thereof, by the Borrower will (a) violate in any material respect any Requirement of Law or any Material Contract of any Credit Party, (b) conflict with, result in a breach of or constitute a default under
(i) the articles of incorporation, bylaws, articles of organization, operating agreement or other organization documents of the Credit Parties or (ii) any Material Contract to which such Person is a party or by which any of its properties
may be bound or any material approval or material consent from any Governmental Authority relating to such Person which conflict, breach or default in any such case in this clause (ii) could reasonably be expected to have a Material Adverse
Effect, or (c) result in, or require, the creation or imposition of any Lien on any Credit Party’s properties or revenues pursuant to any Requirement of Law, the articles of incorporation, bylaws, articles of organization, operating
agreement or other organization documents of such Credit Party or Contractual Obligation other than the Liens arising under or contemplated in connection with the Credit Documents or Permitted Liens. 

Section 4.2. Immediately after giving effect to this Amendment, the representations and warranties contained in Article III of the Credit
Agreement (A) with respect to representations and warranties that contain a materiality qualification, are true and correct and (B) with respect to representations and warranties that do not contain a materiality qualification, are true
and correct in all material respects. 
 ARTICLE V 

Miscellaneous 

Section 5.1. Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto on
separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument. Delivery of an executed counterpart of a signature page of this
Amendment by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart hereof. 

  
 -3- 

 Section 5.2. Reaffirmation. Each of the undersigned Guarantors (each, a
“Reaffirming Party”) hereby acknowledges the Amendment and the transactions contemplated thereby. Each Reaffirming Party hereby reaffirms all obligations and liabilities of such Reaffirming Party under the Loan Documents to which it
is a party, as such obligations and liabilities have been amended by this Amendment, and confirms that such obligations and liabilities shall continue to be in full force and effect and shall continue to apply to the Credit Agreement and each other
Loan Document. 
 Section 5.3. Applicable Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO ITS CONFLICTS OF LAW PRINCIPALS THAT WOULD CAUSE THE LAW OF ANOTHER JURISDICTION TO APPLY (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL
OBLIGATIONS LAW). 
 Section 5.4. Headings. The headings of this Amendment are for purposes of reference only and shall not
limit or otherwise affect the meaning hereof. 
 Section 5.5. Effect of Amendment. On and after the Amendment Effective Date,
each reference to the Credit Agreement in any Loan Document (including to any Exhibit or Schedule attached thereto) shall be deemed to be a reference to the Credit Agreement as amended by this Amendment. Except as expressly set forth in this
Amendment, nothing herein shall be deemed to entitle any Loan Party 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 as in
effect immediately prior to the Amendment Effective Date or any other Loan Document in similar or different circumstances. This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan
Documents. 
 [Remainder of this page intentionally left blank] 

  
 -4- 

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

							
	BORROWER:				 MEDNAX, INC.,
 a Florida
Corporation

				
					By:		/s/ Vivian Lopez-Blanco
					Name: Vivian Lopez-Blanco
					Title: Chief Financial Officer
			
	GUARANTORS:				 1500 CONCORD TERRACE, LLC,
 a
Delaware Limited Liability Company

			
					 ALASKA NEONATOLOGY ASSOCIATES, INC.,

an Alaska Corporation

			
					 AMERICAN ANESTHESIOLOGY ASSOCIATES OF GEORGIA, LLC,

a Georgia Limited Liability Company

			
					 AMERICAN ANESTHESIOLOGY ASSOCIATES OF ILLINOIS, S.C.,

an Illinois Service Corporation

			
					 AMERICAN ANESTHESIOLOGY ASSOCIATES OF MICHIGAN, P.C.,

a Michigan Professional Corporation

			
					 AMERICAN ANESTHESIOLOGY ASSOCIATES OF VIRGINIA, INC.,

a Virginia Corporation

			
					 AMERICAN ANESTHESIOLOGY GROUP OF TENNESSEE, P.C.,

a Tennessee Professional Corporation

			
					 AMERICAN ANESTHESIOLOGY OF FLORIDA, INC.,

a Florida Corporation

			
					 AMERICAN ANESTHESIOLOGY OF GEORGIA, LLC,

a Georgia Limited Liability Company

				
					By:		/s/ Vivian Lopez-Blanco
					Name: Vivian Lopez-Blanco
					Title: Attorney in Fact of each of the foregoing

  
 [Signature Page to
Amendment No. 1 to Credit Agreement] 

							
			
					 AMERICAN ANESTHESIOLOGY OF ILLINOIS, LLC,

an Illinois Limited Liability Company

			
					 AMERICAN ANESTHESIOLOGY OF MARYLAND, P.C.,

a Maryland Professional Corporation

			
					 AMERICAN ANESTHESIOLOGY OF MICHIGAN, P.C.,

a Michigan Professional Corporation

			
					 AMERICAN ANESTHESIOLOGY OF NEW YORK, P.C.,

a New York Professional Corporation

			
					 AMERICAN ANESTHESIOLOGY OF NORTH CAROLINA, PLLC

a North Carolina Professional Limited Liability Company

			
					 AMERICAN ANESTHESIOLOGY OF SYRACUSE, P.C.,

a New York Professional Corporation

			
					 AMERICAN ANESTHESIOLOGY OF TENNESSEE, P.C.,

a Tennessee Professional Corporation

			
					 AMERICAN ANESTHESIOLOGY OF TEXAS, INC.,

a Texas Nonprofit Corporation

			
					 AMERICAN ANESTHESIOLOGY OF THE SOUTHEAST, PLLC

a North Carolina Professional Limited Liability Company

			
					 AMERICAN ANESTHESIOLOGY OF VIRGINIA, P.C.,

a Virginia Professional Corporation

			
					 AMERICAN ANESTHESIOLOGY, INC.,

a Florida Corporation

				
					By:		/s/ Vivian Lopez-Blanco
					Name: Vivian Lopez-Blanco
					Title: Attorney in Fact of each of the foregoing

  
 [Signature Page to
Amendment No. 1 to Credit Agreement] 

							
			
					 ANESTHESIA AND PAIN MANAGEMENT GROUP, LLC,

a New Jersey Limited Liability Company

			
					 ANESTHESIOLOGY CONSULTANTS OF SOUTH CAROLINA, PLLC,

a South Carolina Professional Limited Liability Company

			
					 AUGUSTA NEONATOLOGY ASSOCIATES, P.C.,

a Georgia Professional Corporation

			
					 AUSTIN ANESTHESIOLOGY GROUP, PLLC,

a Texas Professional Limited Liability Company

			
					 BURLINGTON ANESTHESIA ASSOCIATES, P.A.,

a New Jersey Professional Association

			
					 CENTRAL OKLAHOMA NEONATOLOGY ASSOCIATES, INC.,

an Oklahoma Corporation

			
					 CRITICAL HEALTH SYSTEMS, INC.,

a Delaware Corporation

			
					 DATA MANAGEMENT, INC.,
 an
Illinois Corporation

			
					 GEORGIA PERIOPERATIVE CONSULTANTS, L.L.C.,

a Georgia Limited Liability Company

			
					 HORIZON ANESTHESIA, PLLC,
 a
Virginia Professional Limited Liability Company

			
					 MAGELLA MEDICAL ASSOCIATES BILLING, INC.,

a Texas Corporation

			
					 MAGELLA MEDICAL ASSOCIATES MIDWEST, P.C.,

an Iowa Professional Corporation

				
					By:		/s/ Vivian Lopez-Blanco
					Name: Vivian Lopez-Blanco
					Title: Attorney in Fact of each of the foregoing

  
 [Signature Page to
Amendment No. 1 to Credit Agreement] 

							
			
					 MAGELLA MEDICAL ASSOCIATES OF GEORGIA, P.C.,

a Georgia Professional Corporation

			
					 MAGELLA MEDICAL GROUP, INC.,

a California Professional Corporation

			
					 MED-DATA, INCORPORATED,
 a
Washington Corporation

			
					 MEDDIRECT, INC.,
 a Michigan
Corporation

			
					 MEDNAX SERVICES, INC.,
 a
Florida Corporation

			
					 MOUNTAIN STATES NEONATOLOGY, INC.,

an Idaho Corporation

			
					 MSI CONSULTING SERVICES, LLC,

a Florida Limited Liability Company

			
					 NEONATAL SPECIALISTS, LTD.,

an Arizona Professional Corporation

			
					 NEONATOLOGY ASSOCIATES OF ATLANTA, P.C.,

a Georgia Professional Corporation

			
					 NORTHWEST NEWBORN SPECIALISTS, P.C.,

an Oregon Professional Corporation

			
					 OBSTETRIX MEDICAL GROUP OF ARIZONA, P.C.,

an Arizona Professional Corporation

			
					 OBSTETRIX MEDICAL GROUP OF ATLANTA, LLC,

a Georgia Limited Liability Company

			
					 OBSTETRIX MEDICAL GROUP OF CALIFORNIA, A PROFESSIONAL CORPORATION,

a California Professional Corporation

				
					By:		/s/ Vivian Lopez-Blanco
					Name: Vivian Lopez-Blanco
					Title: Attorney in Fact of each of the foregoing

  
 [Signature Page to
Amendment No. 1 to Credit Agreement] 

							
			
					 OBSTETRIX MEDICAL GROUP OF COASTAL CAROLINA, PLLC,

a North Carolina Professional Limited Liability Company

			
					 OBSTETRIX MEDICAL GROUP OF COLORADO, P.C.,

a Colorado Professional Corporation

			
					 OBSTETRIX MEDICAL GROUP OF KANSAS AND MISSOURI, P.A.,

a Kansas Professional Association

			
					 OBSTETRIX MEDICAL GROUP OF OKLAHOMA, P.C.,

an Oklahoma Professional Corporation

			
					 OBSTETRIX MEDICAL GROUP OF PHOENIX, P.C.,

an Arizona Professional Corporation

			
					 OBSTETRIX MEDICAL GROUP OF SACRAMENTO, P.C.,

a California Professional Corporation

			
					 OBSTETRIX MEDICAL GROUP OF TEXAS BILLING, INC.,

a Texas Corporation

			
					 OBSTETRIX MEDICAL GROUP OF THE CENTRAL COAST, PROFESSIONAL CORPORATION,

a California Professional Corporation

			
					 OBSTETRIX MEDICAL GROUP OF UTAH, P.C.,

a Utah Professional Corporation

			
					 OBSTETRIX MEDICAL GROUP OF WASHINGTON, INC., P.S.,

a Washington Professional Services Corporation

			
					 OZARK NEONATAL ASSOCIATES, INC.

a Missouri Corporation

			
					 PAIN CENTERS OF CHICAGO, LLC,

an Illinois Limited Liability Company

				
					By:		/s/ Vivian Lopez-Blanco
					Name: Vivian Lopez-Blanco
					Title: Attorney in Fact of each of the foregoing

  
 [Signature Page to
Amendment No. 1 to Credit Agreement] 

							
			
					 PEDIATRIX CARDIOLOGY OF NEW MEXICO, P.C.,

a New Mexico Professional Corporation

			
					 PEDIATRIX CARDIOLOGY OF ORANGE COUNTY, P.C.,

a California Professional Corporation

			
					 PEDIATRIX CARDIOLOGY OF SPRINGFIELD, P.C.,

a Missouri Professional Corporation

			
					 PEDIATRIX CARDIOLOGY OF WASHINGTON, P.C.,

a Washington Professional Corporation

			
					 PEDIATRIX EMERGENT AND CRITICAL CARE SERVICES, LLC,

a Louisiana Limited Liability Company

			
					 PEDIATRIX INTERNATIONAL, INC.,

a Florida Corporation

			
					 PEDIATRIX MEDICAL GROUP NEONATOLOGY AND PEDIATRIC INTENSIVE CARE SPECIALISTS OF NEW YORK, P.C.,

a New York Professional Corporation

			
					 PEDIATRIX MEDICAL GROUP OF ARKANSAS, P.A.,

an Arkansas Professional Association

			
					 PEDIATRIX MEDICAL GROUP OF CALIFORNIA, A PROFESSIONAL CORPORATION,

a California Professional Corporation

			
					 PEDIATRIX MEDICAL GROUP OF COLORADO, P.C.,

a Colorado Professional Corporation

			
					 PEDIATRIX MEDICAL GROUP OF FLORIDA, INC.,

a Florida Corporation

				
					By:		/s/ Vivian Lopez-Blanco
					Name: Vivian Lopez-Blanco
					Title: Attorney in Fact of each of the foregoing

  
 [Signature Page to
Amendment No. 1 to Credit Agreement] 

							
			
					 PEDIATRIX MEDICAL GROUP OF GEORGIA, P.C.,

a Georgia Professional Corporation

			
					 PEDIATRIX MEDICAL GROUP OF ILLINOIS, P.C.,

an Illinois Professional Corporation

			
					 PEDIATRIX MEDICAL GROUP OF INDIANA, P.C.,

an Indiana Professional Corporation

			
					 PEDIATRIX MEDICAL GROUP OF KANSAS, P.A.,

a Kansas Professional Association

			
					 PEDIATRIX MEDICAL GROUP OF KENTUCKY, P.S.C.,

a Kentucky Professional Services Corporation

			
					 PEDIATRIX MEDICAL GROUP OF LOUISIANA, L.L.C.,

a Louisiana Limited Liability Company

			
					 PEDIATRIX MEDICAL GROUP OF MICHIGAN, P.C.,

a Michigan Professional Corporation

			
					 PEDIATRIX MEDICAL GROUP OF MISSOURI, P.C.,

a Missouri Professional Corporation

			
					 PEDIATRIX MEDICAL GROUP OF MONTANA, P.C.,

a Montana Professional Corporation

			
					 PEDIATRIX MEDICAL GROUP OF NEW MEXICO, P.C.,

a New Mexico Professional Corporation

			
					 PEDIATRIX MEDICAL GROUP OF NORTH CAROLINA, P.C.,

a North Carolina Professional Corporation

			
					 PEDIATRIX MEDICAL GROUP OF OHIO CORP.,

an Ohio Corporation

				
					By:		/s/ Vivian Lopez-Blanco
					Name: Vivian Lopez-Blanco
					Title: Attorney in Fact of each of the foregoing

  
 [Signature Page to
Amendment No. 1 to Credit Agreement] 

							
			
					 PEDIATRIX MEDICAL GROUP OF OKLAHOMA, P.C.,

an Oklahoma Professional Corporation

			
					 PEDIATRIX MEDICAL GROUP OF PENNSYLVANIA, P.C.,

a Pennsylvania Professional Corporation

			
					 PEDIATRIX MEDICAL GROUP OF SOUTH CAROLINA, P.A.,

a South Carolina Professional Association

			
					 PEDIATRIX MEDICAL GROUP OF TENNESSEE, P.C.,

a Tennessee Professional Corporation

			
					 PEDIATRIX MEDICAL GROUP OF TEXAS BILLING, INC.,

a Texas Corporation

			
					 PEDIATRIX MEDICAL GROUP OF THE MID- ATLANTIC, P.C.,

a Virginia Professional Corporation

			
					 PEDIATRIX MEDICAL GROUP OF WASHINGTON, INC., P.S.,

a Washington Professional Services Corporation

			
					 PEDIATRIX MEDICAL GROUP, INC.,

a Florida Corporation

			
					 PEDIATRIX MEDICAL GROUP, INC.,

a Utah Corporation

			
					 PEDIATRIX MEDICAL GROUP, P.A.,

a New Jersey Professional Association

			
					 PEDIATRIX MEDICAL GROUP, P.C.,

a Virginia Professional Corporation

			
					 PEDIATRIX MEDICAL GROUP, P.C.,

a West Virginia Professional Corporation

			
					 PEDIATRIX MEDICAL SERVICES, INC.,

a Texas Nonprofit Corporation

				
					By:		/s/ Vivian Lopez-Blanco
					Name: Vivian Lopez-Blanco
					Title: Attorney in Fact of each of the foregoing

  
 [Signature Page to
Amendment No. 1 to Credit Agreement] 

							
			
					 PEDIATRIX NEWBORN HEARING SCREEN, LLC,

a Florida Limited Liability Company

			
					 PEDIATRIX OF MARYLAND, P.A.,

a Maryland Professional Association

			
					 PIEDMONT ANESTHESIA ASSOCIATES, L.L.C.,

a Georgia Limited Liability Company

			
					 PMG CARDIOLOGY, INC.,
 a
Florida Corporation

			
					 PMGSC, P.A.,
 a South
Carolina Professional Association

			
					 POKROY MEDICAL GROUP OF NEVADA, LTD.,

a Nevada Corporation

			
					 QUANTUM CLINICAL NAVIGATION SYSTEM, LLC,

a North Carolina Limited Liability Company

			
					 SOUTHEAST ANESTHESIOLOGY CONSULTANTS, PLLC,

a North Carolina Professional Limited Liability Company

			
					 SOUTHEAST ANESTHESIOLOGY CONSULTANTS OF VIRGINIA, PLLC,

a Virginia Professional Limited Liability Company

			
					 SUMMIT ANESTHESIA ASSOCIATES, P.A.,

a New Jersey Professional Association

			
					 TEXAS NEWBORN SERVICES, INC.,

a Texas Corporation

				
					By:		/s/ Vivian Lopez-Blanco
					Name: Vivian Lopez-Blanco
					Title: Attorney in Fact of each of the foregoing

  
 [Signature Page to
Amendment No. 1 to Credit Agreement] 

							
			
	ADMINISTRATIVE AGENT:				 JPMORGAN CHASE BANK, N.A.,

as a Lender and as Administrative Agent

				
					By:		/s/ John A. Horst
					Name: John A. Horst
					Title: Executive Director

  
 [Lender Signature Page
to Amendment No. 1 to Credit Agreement]Exhibit 10.10

SEVENTH AMENDMENT AGREEMENT

SEVENTH AMENDMENT AGREEMENT (this "Agreement") dated as of November 6, 2014 by and among (1) Seneca Foods Corporation, a New York corporation (the "Parent"), Seneca Snack Company, a Washington corporation ("Seneca Snack"), Seneca Foods, LLC, a Delaware limited liability company ("Seneca LLC"), Green Valley Foods, LLC, a Delaware limited liability company (the "New Borrower" and together with the Parent, Seneca Snack and Seneca LLC, collectively, the "Borrowers"), (2) Marion Foods, Inc., a New York corporation, Lebanon Valley Cold Storage, LLC, and Lebanon Valley Cold Storage, LP (collectively, the "Guarantors" and together with the Borrowers, collectively, the "Obligors"), (3) the financial institutions party to the Loan and Security Agreement (as defined below) as lenders (collectively, the "Lenders" and individually, a "Lender"), and (4) Bank of America, N.A. ("Bank of America") as agent (the "Agent") for the Lenders and as Issuing Bank with respect to a certain Second Amended and Restated Loan and Security Agreement dated as of July 20, 2011, by and among the Borrowers (other than the New Borrower), the Guarantors, the Lenders, the Agent, the Issuing Bank and RBS Citizens, N.A. as Syndication Agent, as amended by that certain First Amendment Agreement dated as of August 1, 2011, by that certain Second Amendment Agreement dated as of December 20, 2012, by that Third Amendment Agreement dated as of March 5, 2013, by that certain Fourth Amendment Agreement dated as of December 16, 2013, by that certain Fifth Amendment Agreement dated as of April 1, 2014 and that certain Sixth Amendment Agreement dated as of June 17, 2014 (as further amended, the "Loan and Security Agreement").

W I T N E S S E T H:

WHEREAS, the Borrowers (other than the New Borrower) have requested that the Lenders agree (a) to join the New Borrower as a borrower under the Loan and Security Agreement and (b) with the Borrowers to amend certain other provisions of the Loan and Security Agreement; and

WHEREAS, the Lenders have agreed to such amendments, on the terms and conditions set forth herein.

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

§1.            Definitions.  Capitalized terms used herein without definition that are defined in the Loan and Security Agreement shall have the same meanings herein as therein.

§2.            Ratification of Existing Agreements.  All of the Obligors' obligations and liabilities to the Agent, the Issuing Bank and the Lenders as evidenced by or otherwise arising under the Loan and Security Agreement, the Notes and the other Loan Documents, are, by each Obligor's execution of this Agreement, ratified and confirmed in all respects.  In addition, by each Obligor's execution of this Agreement, each of the Obligors represents and warrants that no Obligor has any counterclaim, right of set-off or defense of any kind with respect to such obligations and liabilities.

§3.            Representations and Warranties.  Each of the Obligors hereby represents and warrants to the Agent, the Issuing Bank and Lenders that all of the representations and warranties made by the Obligors in the Loan and Security Agreement, the Notes and the other Loan Documents are true in all material respects on the date hereof as if made on and as of the date hereof, except to the extent that such representations and warranties relate expressly to an earlier date.

§4.            Conditions Precedent.  The effectiveness of the amendments contemplated hereby shall be subject to the satisfaction on or before the date hereof of each of the following conditions precedent:

	
(a)

	
Representations and Warranties.  All of the representations and warranties made by the Obligors herein, whether directly or incorporated by reference, shall be true and correct on the date hereof except as provided in §3 hereof.

	
(b)

	
Performance; No Event of Default.  The Obligors shall have performed and complied in all respects with all terms and conditions herein required to be performed or complied with by them prior to or at the time hereof, and there shall exist no Default or Event of Default.

	
(c)

	
Fees and Expenses.  The Borrowers shall have paid to the Agent the reasonable fees and expenses of counsel to the Agent in connection with the preparation of this Agreement.

	
(d)

	
Delivery.

	
(i)

	
The Obligors, the Agent, the Issuing Bank and the Required Lenders shall have executed and delivered this Agreement.

(ii)The Borrowers shall have executed and delivered Notes to each Lender that requires issuance of a Note.

(iii)The Parent and the Agent shall have executed and delivered a letter agreement amending the Second Amended and Restated Pledge Agreement.

(iv)The Agent shall have received a certificate of a duly authorized officer of the New Borrower, certifying (i) that attached copies of the New Borrower's Organic Documents are true and complete, and in full force and effect, without amendment except as shown; (ii) that an attached copy of resolutions authorizing execution and delivery of this Agreement and the other applicable Loan Documents is true and complete, and that such resolutions are in full force and effect, were duly adopted, have not been amended, modified or revoked, and constitute all resolutions adopted with respect to this credit facility; and (iii) to the title, name and signature of each Person authorized to sign this Agreement and the other applicable Loan Documents.

(v)The Agent shall have received copies of the Organic Documents of the New Borrower, certified by the Secretary of State or other appropriate official of the New Borrower's jurisdiction of organization.  The Agent shall have received good standing certificates for the New Borrower, issued by the Secretary of State or other appropriate official of the New Borrower's jurisdiction of organization and each jurisdiction where the New Borrower's conduct of business or ownership of Property necessitates qualification.

(vi)The Agent shall have received a written opinion addressed to Agent and Lenders of Jaeckle Fleischmann & Mugel, LLP, counsel to the Borrowers and their Subsidiaries in form and substance satisfactory to the Agent.

	
(e)

	
Insurance Certificates.  The Agent shall have received copies of policies or certificates of insurance for the insurance policies carried by Borrowers, all in compliance with the Loan Documents.

	
(f)

	
Perfection of Liens.  The Agent shall have received acknowledgments of all filings or recordations necessary to perfect its Liens in the Collateral granted to it by the New Borrower, as well as other evidence satisfactory to the Agent that such Liens are the only Liens upon such Collateral, except Permitted Liens.

	
(g)

	
Other Documents.  The Obligors shall have executed and delivered such further instruments and taken such further action as the Agent and the Required Lenders may have reasonably requested, in each case further to effect the purposes of this Agreement, the Loan and Security Agreement and the other Loan Documents.

§5.            Joinder by New Borrower.

	
(a)

	
The New Borrower hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the New Borrower will be deemed to be a Borrower under Loan and Security Agreement and an Obligor for all purposes of the Loan and Security Agreement and the other Loan Documents, including, without limitation, the grant pursuant to Section 7 of the Loan and Security Agreement of a security interest to the Agent in the property and property rights of the New Borrower constituting Collateral, and shall have all of the obligations of a Borrower and an Obligor thereunder as if it had executed the Loan and Security Agreement.  The New Borrower hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Loan and Security Agreement, including without limitation all of the covenants set forth in Sections 7, 8 and 10, as applicable to Obligors, of the Loan and Security Agreement.  The New Borrower acknowledges and confirms that all of the representations and warranties of the Borrowers set forth in Section 9 of the Loan and Security Agreement, as updated with the supplemental schedules provided to the Agent by the Borrowers in accordance with the terms of the Loan and Security Agreement, are true and correct in all respects as of the date hereof with respect to the New Subsidiary.

	
(b)

	
Without limiting the generality of the foregoing terms of Section 5(a) above, the New Borrower, (i) adopts the Loan and Security Agreement, assumes in full (and the New Borrower hereby acknowledges that it shall be jointly and severally liable for the payment, discharge, satisfaction and performance of) all Obligations, including without limitation those arising under the Loan and Security Agreement and the other Loan Documents (including, without limitation, the Notes), as if it were an original signatory to and Borrower under the Loan and Security Agreement and the other Loan Documents, and (ii) in order to secure the prompt payment and performance of all Obligations, hereby grants to the Agent, for the benefit of the Secured Parties, a continuing security interest in and Lien upon the Collateral of the New Borrower, whether now owned or hereafter acquired, and wherever located, and the Agent is authorized to file such UCC-1 financing statements, and to file such other documents and take such other action, as Agent may deem to be necessary or appropriate in order to perfect or protect the Liens granted to the Agent, for the benefit of the Secured Parties, and the priority of the Agent with respect thereto.

§6.            Amendment to the Loan and Security Agreement.

 

	
(a)

	
Amendment to Section 1.1 of the Loan and Security Agreement.  The defined term "Fixed Charge Coverage Ratio" in Section 1.1 of the Loan and Security Agreement is hereby amended and restated in its entirety to read as follows:

"Fixed Charge Coverage Ratio: the ratio, determined on a consolidated basis for Borrowers and Subsidiaries for the most recent four Fiscal Quarters, of (a) EBITDA (determined on a first-in, first-out method of accounting inventory) minus Capital Expenditures made (except those (x) financed with Borrowed Money other than Loans or (y) made solely with the proceeds of insurance to repair, rebuild or replace the asset as to which the insurance proceeds were received), cash taxes paid and Distributions made (exclusive of Distributions made consisting of repurchases of the Equity Interests of Parent to the extent the amount of such repurchase has been deducted in calculating net income when determining EBITDA), to (b) Fixed Charges."

	
(b)

	
Amendment to Section 1.1 of the Loan and Security Agreement.  The defined term "Restricted Investment" in Section 1.1 of the Loan and Security Agreement is hereby amended and restated in its entirety to read as follows:

"Restricted Investment: any Investment by a Borrower or Subsidiary, other than (a) Investments in Subsidiaries to the extent existing on the Effective Date; (b) Cash Equivalents that are subject to Agent's Lien and control, pursuant to documentation in form and substance satisfactory to Agent; (c) loans and advances permitted under Section 10.2.6; (d) Permitted Acquisitions; (e) Investments existing on the Effective Date and listed on Schedule 2; (f) Investments consisting of promissory notes received as proceeds of Permitted Asset Dispositions; (g) other Investments in an aggregate amount not in excess of $2,000,000; (h) Investments by the Borrowers in Subsidiaries that have guarantied the Obligations and otherwise complied with the provisions of Section 10.1.9; (i) Investments by a Borrower in another Borrower; (j) Dundee Investments; and (k) Investments with respect to Indebtedness permitted by Section 10.2.1(h) so long as the Person in which such Investments are made remains a Borrower; provided, however, that, with the exception of loans and advances referred to in Section 10.2.6(a) and clause (h) above, such Investments will be considered Investments permitted by hereunder only if all actions have been taken to the satisfaction of Agent to provide to Agent, for the benefit of Secured Parties, a first priority perfected security interest in all of such Investments free of all Liens other than Permitted Liens."

	
(c)

	
Exhibit A to the Loan and Security Agreement is hereby amended by deleting such Exhibit in its entirety and replacing it with Exhibit A attached hereto.

	
(d)

	
Exhibit B to the Loan and Security Agreement is hereby amended by deleting such Exhibit in its entirety and replacing it with Exhibit B attached hereto.

	
(e)

	
Exhibit C to the Loan and Security Agreement is hereby amended by deleting such Exhibit in its entirety and replacing it with Exhibit C attached hereto.

	
(f)

	
Exhibit D to the Loan and Security Agreement is hereby amended by deleting such Exhibit in its entirety and replacing it with Exhibit D attached hereto.

	
(g)

	
Exhibit E to the Loan and Security Agreement is hereby amended by deleting such Exhibit in its entirety and replacing it with Exhibit E attached hereto.

	
(h)

	
Schedule 1.1 to the Loan and Security Agreement is hereby amended by deleting such Schedule in its entirety and replacing it with Schedule 1.1 attached hereto.

	
(i)

	
Schedule 8.6.1 to the Loan and Security Agreement is hereby amended by deleting such Schedule in its entirety and replacing it with Schedule 8.6.1 attached hereto.

	
(j)

	
Schedule 9.1.4 to the Loan and Security Agreement is hereby amended by deleting such Schedule in its entirety and replacing it with Schedule 9.1.4 attached hereto.

	
(k)

	
Schedule 9.1.11 to the Loan and Security Agreement is hereby amended by deleting such Schedule in its entirety and replacing it with Schedule 9.1.11 attached hereto.

§7.            Miscellaneous Provisions.

	
(a)

	
Except as otherwise expressly provided by this Agreement, all of the respective terms, conditions and provisions of the Loan and Security Agreement, the Notes and the other Loan Documents shall remain the same.  The Loan and Security Agreement, as amended hereby, shall continue in full force and effect, and this Agreement and the Loan and Security Agreement shall be read and construed as one instrument.

	
(b)

	
THIS AGREEMENT, UNLESS OTHERWISE SPECIFIED, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES (BUT GIVING EFFECT TO FEDERAL LAWS RELATING TO NATIONAL BANKS).

	
(c)

	
This Agreement may be executed in any number of counterparts, but all such counterparts shall together constitute but one instrument.  In making proof of this Agreement it shall not be necessary to produce or account for more than one counterpart signed by each party hereto by and against which enforcement hereof is sought.  A facsimile or other electronic transmission of an executed counterpart shall have the same effect as the original executed counterpart.

[Intentionally Left Blank - Signature Page Follows]

IN WITNESS WHEREOF, the undersigned have duly executed this Seventh Amendment Agreement as of the date first set forth above.

SENECA FOODS CORPORATION

By:/s/Timothy Benjamin

Name: Timothy Benjamin

 Title: CFO

SENECA SNACK COMPANY

By:/s/Timothy Benjamin

Name: Timothy Benjamin

 Title: CFO

SENECA FOODS, LLC

By:/s/Timothy Benjamin

Name: Timothy Benjamin

 Title: CFO

MARION FOODS, INC.

By:/s/Timothy Benjamin

Name: Timothy Benjamin

 Title: CFO

LEBANON VALLEY COLD STORAGE, LLC

By: /s/Timothy Benjamin

Name: Timothy Benjamin

 Title: CFO

LEBANON VALLEY COLD STORAGE, LP

By:Lebanon Valley Cold Storage, LLC,

Its General Partner

By:/s/Timothy Benjamin

Name: Timothy Benjamin

 Title: CFO

GREEN VALLEY FOODS, LLC

By:/s/Timothy Benjamin

Name: Timothy Benjamin

 Title: CFO

BANK OF AMERICA, N.A.,

as Agent, Lender and Issuing Bank

By:/s/Edgar Ezerins

Name: Edgar Ezerins

 Title:  SVP

CITIZENS BUSINESS CAPITAL, a division of CITIZENS ASSET FINANCE, INC., (f/k/a RBS CITIZENS BUSINESS CAPITAL, a division of RBS ASSET FINANCE, INC., a subsidiary of RBS CITIZENS, N.A.), as a Lender

By:/s/ John D. Bobbin

Name: John D. Bobbin

 Title: Senior Vice President

COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., "RABOBANK NEDERLAND", NEW YORK BRANCH, as a Lender

By:/s/Aurelie Vancauwenberghe

Name: Aurelie Vancauwenberghe

 Title: Vice President

By:/s/Michael T. Harder

Name: Michael T. Harder

 Title: Executive Director

MANUFACTURERS AND TRADERS TRUST COMPANY, as a Lender

By:/s/Brian Bennett

Name: Brian Bennett

 Title: Assistant Vice President

U.S. BANK NATIONAL ASSOCIATION,

as a Lender

By:/s/Katie McDonald

Name: Katie McDonald

 Title: Vice President

WELLS FARGO BANK, N.A., as a Lender

By:/s/Matt Harbour

Name: Matt Harbour

 Title: Authorized Signatory

BMO HARRIS BANK N.A., as a Lender

By:/s/Quinn Heiden

Name: Quinn Heiden

 Title: Director

GENERAL ELECTRIC CAPITAL CORPORATION, as a Lender

By:/s/Philip F. Carfora

Name: Philip F. Carfora

 Title: Duly Authorized Signatory

GE ASSET BASED MASTER NOTE LLC, as a Lender

By:/s/Philip F. Carfora

Name: Philip F. Carfora

 Title: Duly Authorized Signatory

SCHEDULE 1.1

to

Second Amended and Restated Loan and Security Agreement

COMMITMENTS OF LENDERS

	
Lender

	 	
Commitment for the period from April 1 through and including July 31 of each year

	 	 	
Commitment for the period from August 1 through and including March 31 of each year

	 	 	
Percentage of Aggregate Commitments of all Lenders

	 
	
Bank of America, N.A.

	 	
$

	
78,750,000

	 	 	
$

	
105,000,000

	 	 	 	
26.250000000

	
%

	
Citizens Business Capital, a division of Citizens Asset Finance, Inc. (f/k/a RBS Citizens Business Capital, a division of RBS Asset Finance, Inc., a subsidiary of RBS Citizens, N.A.)

	 	
$

	
45,000,000

	 	 	
$

	
60,000,000

	 	 	 	
15.000000000

	
%

	
Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., "Rabobank Nederland", New York Branch

	 	
$

	
46,500,000

	 	 	
$

	
62,000,000

	 	 	 	
15.500000000

	
%

	
Manufacturers and Traders Trust Company

	 	
$

	
34,500,000

	 	 	
$

	
46,000,000

	 	 	 	
11.500000000

	
%

	
U.S. Bank National Association

	 	
$

	
36,000,000

	 	 	
$

	
48,000,000

	 	 	 	
12.000000000

	
%

	
Wells Fargo Bank, N.A.

	 	
$

	
26,250,000

	 	 	
$

	
35,000,000

	 	 	 	
8.750000000

	
%

	
BMO Harris Bank N.A.

	 	
$

	
19,500,000

	 	 	
$

	
26,000,000

	 	 	 	
6.500000000

	
%

	
General Electric Capital Corporation

	 	
$

	
6,750,000

	 	 	
$

	
9,000,000

	 	 	 	
2.250000000

	
%

	
GE Asset Based Master Note LLC

	 	
$

	
6,750,000

	 	 	
$

	
9,000,000

	 	 	 	
2.250000000

	
%

	
Total

	 	
$

	
300,000,000

	 	 	
$

	
400,000,000

	 	 	 	
100

	
%

EXHIBIT A

to

Second Amended and Restated Loan and Security Agreement

[SECOND AMENDED AND RESTATED] 1 REVOLVER NOTE

	
[Date]

	
$[___________________]

	
New York, New York

SENECA FOODS CORPORATION, a New York corporation, SENECA FOODS, LLC, a Delaware limited liability company, SENECA SNACK COMPANY, a Washington corporation and GREEN VALLEY FOODS, LLC, a Delaware limited liability company (collectively, "Borrowers"), for value received, hereby unconditionally promise to pay, on a joint and several basis, to the order of [____________________________] ("Lender"), the principal sum of [______________________________] DOLLARS ($[___________]), or such lesser amount as may be advanced by Lender as Loans and owing as LC Obligations from time to time under the Loan Agreement described below, together with all accrued and unpaid interest thereon.  Terms are used herein as defined in the Second Amended and Restated Loan and Security Agreement dated as of July 20, 2011, among Borrowers, Bank of America, N.A., as Agent, Lender, and certain other financial institutions and parties thereto, as amended (as such agreement may be amended, modified, renewed or extended from time to time "Loan Agreement").

Principal of and interest on this [Second Amended and Restated] Revolver Note from time to time outstanding shall be due and payable as provided in the Loan Agreement.  This [Second Amended and Restated] Revolver Note is issued pursuant to and evidences Loans and LC Obligations under the Loan Agreement, to which reference is made for a statement of the rights and obligations of Lender and the duties and obligations of Borrowers.  The Loan Agreement contains provisions for acceleration of the maturity of this [Second Amended and Restated] Revolver Note upon the happening of certain stated events, and for the borrowing, prepayment and reborrowing of amounts upon specified terms and conditions.

The holder of this [Second Amended and Restated] Revolver Note is hereby authorized by Borrowers to record on a schedule annexed to this [Second Amended and Restated] Revolver Note (or on a supplemental schedule) the amounts owing with respect to Loans and LC Obligations, and the payment thereof.  Failure to make any notation, however, shall not affect the rights of the holder of this [Second Amended and Restated] Revolver Note or any obligations of Borrowers hereunder or under any other Loan Documents.

Time is of the essence of this [Second Amended and Restated] Revolver Note.  Each Borrower and all endorsers, sureties and guarantors of this [Second Amended and Restated] Revolver Note hereby severally waive demand, presentment for payment, protest, notice of protest, notice of intention to accelerate the maturity of this [Second Amended and Restated] Revolver Note, diligence in collecting, the bringing of any suit against any party, and any notice of or defense on account of any extensions, renewals, partial payments, or changes in any manner of or in this [Second Amended and Restated] Revolver Note or in any of its terms, provisions and covenants, or any releases or substitutions of any security, or any delay, indulgence or other act of any trustee or any holder hereof, whether before or after maturity.  Borrowers jointly and severally agree to pay, and to save the holder of this [Second Amended and Restated] Revolver Note harmless against, any liability for the payment of all costs and expenses (including without limitation reasonable attorneys' fees) if this [Second Amended and Restated] Revolver Note is collected by or through an attorney-at-law.

In no contingency or event whatsoever shall the amount paid or agreed to be paid to the holder of this [Second Amended and Restated] Revolver Note for the use, forbearance or detention of money advanced hereunder exceed the highest lawful rate permitted under Applicable Law.  If any such excess amount is inadvertently paid by Borrowers or inadvertently received by the holder of this [Second Amended and Restated] Revolver Note, such excess shall be returned to Borrowers or credited as a payment of principal, in accordance with the Loan Agreement.  It is the intent hereof that Borrowers not pay or contract to pay, and that holder of this [Second Amended and Restated] Revolver Note not receive or contract to receive, directly or indirectly in any manner whatsoever, interest in excess of that which may be paid by Borrowers under Applicable Law.

[This [Second Amended and Restated] Revolver Note amends and restates and is given, in part, in substitution for, but not in satisfaction of, that certain Amended and Restated Revolver Note, dated [___________] issued by the Borrowers in favor of [___________] in the original principal amount of $[___________].]

This [Second Amended and Restated] Revolver Note shall be governed by the laws of the State of New York, without giving effect to any conflict of law principles (but giving effect to federal laws relating to national banks).

IN WITNESS WHEREOF, this [Second Amended and Restated] Revolver Note is executed as of the date set forth above.

	 	
SENECA FOODS CORPORATION

By_______________________________________

Title:

	 	
SENECA FOODS, LLC

By_______________________________________

Title:

	 	
SENECA SNACK COMPANY

By_____________________________________

Title:

	 	
GREEN VALLEY FOODS, LLC

By_____________________________________

Title:

 

1 Amended and restated language may not be applicable to all Lenders.

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