Document:

EX-10-1

 Exhibit 10.1 
 FIRST AMENDMENT TO AMENDED AND RESTATED FUNDS AT LLOYD’S LETTER OF CREDIT AGREEMENT 
 THIS FIRST AMENDMENT TO AMENDED AND RESTATED FUNDS AT LLOYD’S LETTER OF CREDIT AGREEMENT, dated as of September 23, 2013 (this “Amendment”), amends the Amended and Restated
Funds At Lloyd’s Letter of Credit Agreement, dated as of November 21, 2012 (the “Credit Agreement”), among The Navigators Group, Inc. ( the “Borrower”), the Lenders party thereto and ING Bank, N.V., London
Branch, as administrative agent (the “Administrative Agent”). Terms defined in the Credit Agreement are, unless otherwise defined herein or the context otherwise requires, used herein as defined therein. 

WHEREAS, the parties hereto have entered into the Credit Agreement, which provides for the Lenders to extend certain credit facilities to
the Company from time to time; 
 WHEREAS, the parties hereto desire to amend the Credit Agreement in certain respects as
hereinafter set forth; and 
 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration
(the receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as follows: 
 1. AMENDMENTS.
Upon satisfaction of the conditions set forth in Section 2, the Credit Agreement shall be amended as follows: 
 1.1
Amendment to Section 1.01. Section 1.01 is amended by adding the following new definition in proper alphabetical order: 
 “Defeased Indebtedness” means Indebtedness which has been defeased or for which an amount has been deposited in a sinking fund, a redemption fund or an escrow account for the sole purpose
of repaying such Indebtedness on or before the due date thereof. 
 1.2 Amendment to Section 6.11.
Section 6.11(b) is amended by in its entirety to read as follows: 
 (b) Indebtedness of the Borrower in connection with
senior unsecured notes in an aggregate amount not at any time exceeding $300,000,000. For purposes of calculating Indebtedness under this clause (b), the principal amount of any such Indebtedness which constitutes Defeased Indebtedness shall not be
included. 
 1.3 Amendment to Section 6.23. Section 6.23(c) is amended by inserting the following at the end
thereof: 
 For purposes of calculating the Leverage Ratio, Defeased Indebtedness shall not be included. 

 2. CONDITIONS PRECEDENT. This Amendment shall become effective when each of the
conditions precedent set forth in this Section 2 shall have been satisfied, and notice thereof shall have been given by the Administrative Agent to the Company and the Lenders. 

2.1 Receipt of Documents. The Administrative Agent shall have received this Amendment duly executed by the Borrower, the
Administrative Agent and the Required Lenders. 
 2.2 Compliance with Warranties, No Default, etc. After giving effect to
this Amendment, the following statements by the Borrower shall be true and correct (and the Borrower, by its execution of this Amendment, hereby represents and warrants to the Administrative Agent and each Lender that such statements are true and
correct as at such times): 
 (a) the representations and warranties set forth in Article V of the Credit
Agreement are true and correct with the same effect as if then made (unless stated to relate solely to an earlier date, in which case such representations and warranties are true and correct as of such earlier date); and 

(b) no Default or Event of Default has occurred and is continuing. 

3. MISCELLANEOUS. 
 3.1 Continuing Effectiveness, etc. This Amendment shall be deemed to be an amendment to the Credit Agreement, and the Credit Agreement, as amended hereby, shall remain in full force and effect and
is hereby ratified, approved and confirmed in each and every respect. After the effectiveness of this Amendment in accordance with its terms, all references to the Credit Agreement in the Facility Documents or in any other document, instrument,
agreement or writing shall be deemed to refer to the Credit Agreement as amended hereby. Each other Facility Document is hereby ratified, approved and confirmed in each and every respect. This Amendment is a Facility Document. 

3.2 Headings. The various headings of this Amendment are inserted for convenience only and shall not affect the meaning or
interpretation of this Amendment or any provisions hereof. 
 3.3 Execution in Counterparts. This Amendment may be
executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a
signature page of this Amendment by telecopy or other electronic imaging means (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Amendment. 

[Signature Pages Follow] 

  
 2 

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

			
	THE NAVIGATORS GROUP, INC.
		
	By:	 	 /s/ Ciro M. DeFalco

	Name:	 	Ciro M. DeFalco
	Title:	 	Senior Vice President and Chief Financial Officer

  
 S-1

 
			
	ING BANK N.V., LONDON BRANCH,
	individually, as Administrative Agent and Letter of Credit Agent
		 	
	By:	 	 /s/ N J Marchant

	Name:	 	N J Marchant
	Title:	 	Director
		
	By:	 	 /s/ M E R Sharman

	Name:	 	M E R Sharman
	Title:	 	Managing Director

  
 S-2

 
			
	JPMORGAN CHASE BANK, N.A.,
		
	By:	 	 /s/ Hector J. Varona

	 Name: 
	 	Hector J. Varona
	 Title:
	 	Vice President

  
 S-3

 
			
	BARCLAYS BANK PLC
		
	By:	 	 /s/ Dan Broome

	 Name: 
	 	Dan Broome
	 Title:
	 	Director

  
 S-4EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

AMENDMENT NO. 4 TO RECEIVABLES PURCHASE AGREEMENT 

THIS AMENDMENT NO. 4 TO RECEIVABLES PURCHASE AGREEMENT (this “Amendment”), dated as of November 7, 2013, is among VWR
RECEIVABLES FUNDING, LLC, a Delaware limited liability company, as seller (the “Seller”), VWR INTERNATIONAL, LLC, a Delaware limited liability company (together with its successors and permitted assigns, “VWR”), as
servicer (in such capacity, together with its successors and permitted assigns in such capacity, the “Servicer”), PNC BANK, NATIONAL ASSOCIATION (“PNC”), as administrator (in such capacity, together with its
successors and assigns in such capacity, the “Administrator”), PNC, as issuer of Letters of Credit (in such capacity, together with its successors and assigns in such capacity, the “LC Bank”), PNC, as related
committed purchaser (in such capacity, together with its successors and assigns in such capacity, the “Related Committed Purchaser”) and PNC as purchaser agent for the Market Street Purchaser Group (in such capacity, together with
its successors and assigns in such capacity, the “Purchaser Agent”). 
 BACKGROUND 

WHEREAS, the parties hereto entered into the Receivables Purchase Agreement as of November 4, 2011 (as amended, supplemented or otherwise
modified through the date hereof, the “Receivables Purchase Agreement”); 
 WHEREAS, Market Street Funding LLC
(“Market Street”) assigned all of its rights under, interests in, title to and obligations under the Receivables Purchase Agreement to PNC pursuant to an Assignment Agreement between Market Street and PNC on October 30, 2013
(the “Assignment Effective Date”); and 
 WHEREAS, the parties hereto wish to amend the Receivables Purchase Agreement
pursuant to the terms and conditions set forth herein. 
 NOW, THEREFORE, for good and valuable consideration the receipt and sufficiency of
which is hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1. Definitions. Capitalized terms used
but not defined in this Amendment shall have the meanings assigned to them in the Receivables Purchase Agreement. 
 SECTION 2.
Amendments to Receivables Purchase Agreement. Effective as of the date hereof (unless otherwise noted below) and subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, the Receivables Purchase
Agreement is hereby amended as follows: 
 (a) The following new Section 1.1(d) is hereby added to the Receivables Purchase
Agreement immediately following existing Section 1.1(c): 
 “(d) Each of the parties hereto hereby
acknowledges and agrees that from and after the Assignment Effective Date, the Purchaser Group that includes PNC, as a Purchaser Agent and as a Purchaser, shall not include a Conduit Purchaser, and each request by the Seller for ratable Purchases by
the Conduit Purchasers pursuant to Section 1.1(a) shall be deemed to be a request that the Related Committed Purchasers in PNC’s Purchaser Group make their ratable share of such Purchases.” 

 (b) The signature block as well as the notice information thereunder for Market Street set forth
on signature page S-5 of the Receivables Purchase Agreement are hereby deleted in their entirety. 
 (c) The definition of “Purchase
Limit” set forth in Exhibit I to the Receivables Purchase Agreement is hereby deleted in its entirety and replaced with the following: 

“Purchase Limit” means $175,000,000, as such amount may be reduced pursuant to Section 1.1(c) or
otherwise in connection with any Exiting Purchaser, or increased pursuant to Section 1.2(f). References to the unused portion of the Purchase Limit shall mean, at any time, the Purchase Limit minus the sum of the then outstanding
Aggregate Capital plus the LC Participation Amount. 
 (d) The dollar amount referenced on PNC signature pages S-3 and S-4 of the
Receivables Purchase Agreement is hereby deleted and replaced with the following dollar amount: $175,000,000. 
 (e) The definition of
“Facility Termination Date” set forth in Exhibit I to the Receivables Purchase Agreement is hereby deleted in its entirety and replaced with the following: 

“Facility Termination Date” means the earliest to occur of: (a) November 4, 2016, (b) the date
determined pursuant to Section 2.2 of this Agreement, (c) the date the Purchase Limit reduces to zero pursuant to Section 1.1(c) of this Agreement, (d) with respect to any Conduit Purchaser, the date that the
commitments of all of the Liquidity Providers of such Conduit Purchaser terminate under the related Liquidity Agreement (it being understood and agreed that the date set forth in the related Liquidity Agreement as the scheduled “purchase
termination date” (or other similar term) shall not be amended by the applicable Purchasers and the related Liquidity Providers to be a date earlier than November 4, 2016), and (e) with respect to any Purchaser Group, the date that
the Commitment of all of the Related Committed Purchasers of such Purchaser Group terminate pursuant to Section 1.22. 
 (f) The
following new defined term and definition thereof is hereby added to Exhibit I to the Receivables Purchase Agreement in appropriate alphabetical order: 

“Assignment Effective Date” means October 30, 2013. 

(g) The definition of “LIBOR Market Index Rate” set forth in Exhibit I to the Receivables Purchase Agreement is hereby
deleted in its entirety and replaced with the following: 
 “LIBOR Market Index Rate” means, for any day,
the one-month Eurodollar rate for U.S. dollar deposits as reported on the Reuters Screen 

  
 2 

 
LIBOR01 Page or any other page that may replace such page from time to time for the purpose of displaying offered rates of leading banks for London interbank deposits in United States dollars, as
of 11:00 a.m. (London time) on such date, or if such day is not a Business Day, then the immediately preceding Business Day (or if not so reported, then as determined by the applicable Purchaser Agent from another recognized source for interbank
quotation), in each case, changing when and as such rate changes. 
 SECTION 3. Representations, Warranties and
Enforceability. Each of the Seller and Servicer hereby represents and warrants to the Administrator, Purchaser Agent, LC Bank and Related Committed Purchaser, as of the date hereof, as follows: 

(a) the representations and warranties of the Seller and Servicer contained in Exhibit III of the Receivables Purchase Agreement are
true and correct in all material respects on and as of the date hereof as though made on and as of such date (except for representations and warranties which apply as to an earlier date, in which case such representations and warranties shall be
true and correct as of such earlier date); 
 (b) no event has occurred and is continuing, or would result from this Amendment, that
constitutes a Termination Event or Unmatured Termination Event, as set forth in Exhibit V of the Receivables Purchase Agreement; and 

(c) (i) the execution and delivery by it of this Amendment, and the performance of its obligations under this Amendment and the Receivables
Purchase Agreement, as amended hereby, are within its organizational powers and have been duly authorized by all necessary action on its part and (ii) this Amendment and the Receivables Purchase Agreement, as amended hereby, are its valid and
legally binding obligations, enforceable in accordance with their respective terms. 
 SECTION 4. Conditions Precedent. The
effectiveness of this Amendment (the “Amendment No. 4 Effective Date”) is subject to the satisfaction of all of the following conditions precedent: 

(a) The Administrator shall have received a fully executed counterpart of (i) this Amendment and (ii) the Amended and
Restated Fee Letter (the “Fee Letter”) dated as of the date hereof among the Administrator, the Related Committed Purchaser, the Seller and the Servicer. 

(b) The Administrator shall have received such documents and certificates as the Administrator shall have reasonably requested
on or prior to the date hereof. 
 (c) The Administrator shall have received all fees and other amounts due and payable to it
under the Receivables Purchase Agreement and in connection with this Amendment on or prior to the date hereof, including, to the extent invoiced, payment or reimbursement of all fees and expenses (including fees, charges and disbursements of
counsel) required to be paid or reimbursed on or prior to the date hereof. To the extent such fees and other amounts have not yet been invoiced, the Seller agrees to remit payment to the applicable party promptly upon receipt of such invoice. 

(d) No Termination Event or Unmatured Termination Event, as set forth in Exhibit V to the Receivables Purchase
Agreement, shall have occurred and be continuing. 

  
 3 

 SECTION 5. Amendment. The Seller, Servicer, Administrator, Purchaser Agent, LC Bank
and Related Committed Purchaser hereby agree that the provisions and effectiveness of this Amendment shall apply to the Receivables Purchase Agreement as of the Amendment No. 4 Effective Date, provided, however, that the amendment in
Section 2(a) and Section 2(g) of this Amendment shall apply to the Receivables Purchase Agreement as of the Assignment Effective Date. Except as amended by this Amendment, the Receivables Purchase Agreement remains unchanged and in full
force and effect. This Amendment is a Transaction Document. 
 SECTION 6. Counterparts. This Amendment may be executed by the
parties in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument. 

SECTION 7. Captions. The headings of the Sections of this Amendment are for convenience of reference only and shall not modify,
define, expand or limit any of the terms or provisions of this Amendment. 
 SECTION 8. Successors and Assigns. The terms of
this Amendment shall be binding upon, and shall inure to the benefit of, Seller, Servicer, the Administrator, Purchaser Agent, LC Bank, Related Committed Purchaser and their respective successors and permitted assigns. 

SECTION 9. Severability. Any provision of this Amendment which is prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction. 
 SECTION 10. Governing Law and Jurisdiction. The provisions of the Receivables Purchase
Agreement with respect to governing law, jurisdiction, and agent for service of process are incorporated in this Amendment by reference as if such provisions were set forth herein. 

SECTION 11. Ratification of Performance Guarantee. After giving effect to this Amendment and the transactions contemplated by
this Amendment, all of the provisions of the Performance Guaranty shall remain in full force and effect and VWR hereby ratifies and affirms the Performance Guaranty and acknowledges that the Performance Guaranty has continued and shall continue in
full force and effect in accordance with its terms. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 4 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment by their duly authorized
officers as of the date first above written. 
  

			
	VWR RECEIVABLES FUNDING, LLC,
	 as Seller

		
	By:	 	 /s/ James M. Kalinovich

	Name:	 	James M. Kalinovich
	Title:	 	Vice President and Treasurer

  

					
		  	S-1	  	Amendment No. 4 to RPA
		  		  	VWR Receivables Funding, LLC

 
			
	VWR INTERNATIONAL, LLC,
	 as Servicer

		
	By:	 	 /s/ James M. Kalinovich

	Name:	 	James M. Kalinovich
	Title:	 	Vice President and Treasurer

  

					
		  	S-2	  	Amendment No. 4 to RPA
		  		  	VWR Receivables Funding, LLC

 
			
	PNC BANK, NATIONAL ASSOCIATION,
	 as Administrator, Purchaser Agent and Related Committed Purchaser

		
	By:	 	 /s/ Mark S. Falcione

	Name:	 	Mark S. Falcione
	Title:	 	Executive Vice President

  

					
		  	S-3	  	Amendment No. 4 to RPA
		  		  	VWR Receivables Funding, LLC

 
			
	PNC BANK, NATIONAL ASSOCIATION,
	 as the LC Bank

		
	By:	 	 /s/ Mark S. Falcione

	Name:	 	Mark S. Falcione
	Title:	 	Executive Vice President

  

					
		  	S-4	  	Amendment No. 4 to RPA
		  		  	VWR Receivables Funding, LLC

			
	Acknowledged and agreed to as of the date first written above:
	
	 VWR INTERNATIONAL, LLC,

as Performance Guarantor

		
	By:	 	 /s/ James M. Kalinovich

	Name:	 	James M. Kalinovich
	Title:	 	Vice President and Treasurer

  

					
		  	S-5	  	Amendment No. 4 to RPA
		  		  	VWR Receivables Funding, LLC

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}]]