Document:

Lexmark International, Inc., 1Q 2007 Form 10-Q, Exhibit 10.1

    Exhibit
      10.1

     

    EXECUTION
      COPY

     

    AMENDMENT
      NO. 1

     

    Dated
      as
      of December 22, 2006

     

    to

     

    CREDIT
      AGREEMENT

     

    Dated
      as
      of January 20, 2005

     

    THIS
      AMENDMENT NO. 1 (“Amendment”) is made as of December 22, 2006 (the
“Effective Date”) by and among Lexmark International, Inc., a Delaware
      corporation (the “Borrower”), the financial institutions listed on the
      signature pages hereof and JPMorgan Chase Bank, National Association, as
      Administrative Agent (the “Administrative Agent”), under that certain
      Credit Agreement dated as of January 20, 2005 by and among the Borrower, the
      Lenders and the Administrative Agent (as amended, supplemented or otherwise
      modified from time to time, the “Credit Agreement”). Capitalized terms
      used herein and not otherwise defined herein shall have the respective meanings
      given to them in the Credit Agreement.

     

    WHEREAS,
      the Borrower has requested that certain modifications be made to the Credit
      Agreement; 

     

    WHEREAS,
      the Borrower, the Lenders party hereto and the Administrative Agent have agreed
      to amend the Credit Agreement on the terms and conditions set forth
      herein;

     

    NOW,
      THEREFORE, in consideration of the premises set forth above, the terms and
      conditions contained herein, and other good and valuable consideration, the
      receipt and sufficiency of which are hereby acknowledged, the Borrower, the
      Lenders party hereto and the Administrative Agent hereby agree to the following
      amendments to the Credit Agreement.

     

    1. Amendments
      to Credit Agreement. 
      Effective as of the Effective Date but subject to the satisfation of the
      conditions precedent set forth in Section 2 below, the Credit Agreement
      is hereby amended as follows:

     

    (a) The
      definition of Consolidated Interest Expense appearing in Article I of the Credit
      Agreement is hereby amended to insert “and without duplication” immediately
      after the reference to “with reference to any period” appearing
      therein.

     

    (b) The
      definition of Interest Period appearing in Article I of the Credit Agreement
      is
      hereby amended to insert “on the date that is seven days or fourteen days
      thereafter or” immediately before the reference to “on the numerically
      corresponding day in the calendar month that is one, two, three or six months
      thereafter”.

     

     (c) The
      definition of Permitted Receivables Financing appearing in Article I of the
      Credit Agreement is hereby amended to delete the reference to “: (a) such
      program is 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        
intended
        by the parties thereto to be treated (whether or not such treatment is
        ultimately disallowed) as an “off balance sheet” transaction and (b)” appearing
        therein.

    

    

    (d) Section
      6.02(h) is hereby amended to insert “arise or” immediately before the reference
      to “may be deemed to arise” appearing therein.

    

    2. Conditions
      of Effectiveness. The effectiveness of this Amendment is subject to the
      conditions precedent that the Administrative Agent shall have received
      counterparts of this Amendment duly executed by the Borrower, the Required
      Lenders and the Administrative Agent.

     

    3. Representations
      and Warranties of the Borrower. The Borrower hereby represents and warrants
      as follows:

     

    (a) This
      Amendment and the Credit Agreement as amended hereby constitute legal, valid
      and
      binding obligations of the Borrower and are enforceable against the Borrower
      in
      accordance with their 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.

     

    (b) As
      of the date hereof and giving effect to the terms of this Amendment, (i) no
      Default shall have occurred and be continuing and (ii) the representations
      and
      warranties of the Borrower set forth in the Credit Agreement, as amended hereby,
      are true and correct as of the date hereof (other than the representations
      and
      warranties contained in Sections 3.04(b), 3.06(a) and those that expressly
      relate to an earlier specified date).

     

    4. Reference
      to and Effect on the Credit Agreement.

     

    (a) Upon
      the effectiveness hereof, each reference to the Credit Agreement in the Credit
      Agreement or any other Loan Document shall mean and be a reference to the Credit
      Agreement as amended hereby.

     

    (b) Except
      as specifically amended above, the Credit Agreement and all other documents,
      instruments and agreements executed and/or delivered in connection therewith
      shall remain in full force and effect and are hereby ratified and
      confirmed.

     

    (c) The
      execution, delivery and effectiveness of this Amendment shall not operate as
      a
      waiver of any right, power or remedy of the Administrative Agent or the Lenders,
      nor constitute a waiver of any provision of the Credit Agreement or any other
      documents, instruments and agreements executed and/or delivered in connection
      therewith.

     

    5. Governing
      Law. This Amendment shall be construed in accordance with and governed by
      the law of the State of New York.

     

    6. Headings.
      Section
      headings in this Amendment are included herein for convenience of reference
      only
      and shall not constitute a part of this Amendment for any other
      purpose.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    7. Counterparts.
      This Amendment may be executed by one or more of the parties hereto on any
      number of separate counterparts, and all of said counterparts taken together
      shall be deemed to constitute one and the same instrument.

     

    [Signature
      Pages Follow]

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, this Amendment has been duly executed as of the day and year
      first above written.

     

    

    LEXMARK
      INTERNATIONAL, INC.,

    as
      the
      Borrower

    

    

    By:              /s/
      Rick Pelini            

    Name:
      Rick Pelini

    Title:
      VP
& Treasurer

    

    

    By:            
      /s/ Bruce J.
      Frost                                   

    Name:
      Bruce J. Frost

    Title:
      Assistant Treasurer

    

    

    JPMORGAN
      CHASE BANK,

    NATIONAL
      ASSOCIATION,

    individually
      as a Lender and as Administrative Agent

    

    

    By:
             /s/ Jason A.
      Rastovski                                  

    Title:
      Vice President

    

    

    BANK
      OF
      AMERICA, N.A. (successor by merger to Fleet National Bank),

    individually
      as a Lender and as Co-Syndication Agent

    

    

    By:          
      /s/ Debra E. DelVecchio        

    Name:
      Debra E. DelVecchio

    Title:
      Managing Director

    

    

    

    

    
      
        
          Signature
            Page to Amendment No. 1 to

          Credit
            Agreement dated as of January 20, 2005

          Lexmark
            International, Inc.

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    CITIBANK,
      N.A.,

    individually
      as a Lender and as Co-Syndication Agent

    

    

    By:           
      /s/ James M.
      Walsh                                                

    Name:
      James M. Walsh

    Title:
      Managing Director

    

    

    KEYBANK
      NATIONAL ASSOCIATION,

    individually
      as a Lender and as Co-Documentation Agent

    

    

    By:         /s/
      J.T.
      Taylor                                          

    Name:
      J.T. Taylor

    Title:
      Senior Vice President

    

    

    SUNTRUST
      BANK,

    individually
      as a Lender and as Co-Documentation Agent

    

    

    By:         
      /s/ Scott Corley            

    Name:
      Scott Corley

    Title:
      Managing Director

    

    

    THE
      BANK
      OF NEW YORK,

    individually
      as a Lender

    

    

    By:          
      /s/ Kenneth R. McDonnell      

    Name:
      Kenneth R. McDonnell

    Title:
      Vice President

    

    

    
      
        
          Signature
            Page to Amendment No. 1 to

          Credit
            Agreement dated as of January 20, 2005

          Lexmark
            International, Inc.

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    THE
      BANK
      OF NOVA SCOTIA,

    individually
      as a Lender

    

    

    By:         
      /s/ Mark Sparrow            

    Name:
      Mark Sparrow

    Title:
      Director

     

     

     

     

     

     

     

    
 

    

    

      
        Signature
          Page to Amendment No. 1 to

        Credit
          Agreement dated as of January 20, 2005

        Lexmark
          International, Inc.Lexmark International, Inc., 1Q 2007 Form 10-Q, Exhibit 10.2

    

      Exhibit
        10.2  

       

      Amendment
        No. 3 to Receivables Purchase Agreement

       

      AMENDMENT
        AGREEMENT (this “Amendment Agreement”) dated as of March 30, 2007 among
        Lexmark Receivables Corporation (the “Seller”), CIESCO, LLC
        (“CIESCO”), Gotham Funding Corporation (“Gotham”), Citibank, N.A.
        (“Citibank”), The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch
        (“BTM”) (formerly known as The Bank of Tokyo-Mitsubishi Ltd., New York
        Branch), Citicorp North America, Inc. (“CNAI”), as Program Agent, CNAI
        and BTM, as Investor Agents, and Lexmark International, Inc. (“Lexmark”),
        as Collection Agent and Originator.

       

      Preliminary
        Statements.
        (1) The
        Seller, CIESCO, Gotham, Citibank, BTM, CNAI and Lexmark are parties to an
        Amended and Restated Receivables Purchase Agreement dated as of October 8,
        2004
        (as amended, restated, modified or supplemented from time to time, the
“Agreement”;
        capitalized terms not otherwise defined herein shall have the meanings
        attributed to them in the Agreement) pursuant to which, and subject to and
        upon
        the terms and conditions of which, the Seller has acquired, and may continue
        to
        acquire, Receivables from the Originator, either by purchase or by contribution
        to the capital of the Seller, as determined from time to time by the Seller
        and
        the Originator. The Seller has sold, and may continue to sell, Receivable
        Interests in the Receivables. CIESCO and Gotham may, in their sole discretion,
        purchase such Receivable Interests, and the Banks are prepared to purchase
        such
        Receivable Interests, in each case on the terms set forth in the
        Agreement.

       

      (2) The
        parties hereto desire to amend certain provisions of the Agreement as set
        forth
        herein.

       

      NOW,
        THEREFORE, the parties agree as follows:

       

      SECTION
        1.   Amendments. Upon the effectiveness of this Amendment
        Agreement, the Agreement is hereby amended as follows:

       

      1.1  The
        following new definition is added to Section 1.01 of the Agreement in proper
        alphabetical order:

       

      “Repurchase
        Date”
        has
        the meaning specified in Section 2.13.

       

      1.2  A
        new Section 2.13 is added to the Agreement reading as follows:

       

      “Section
        2.13. Repurchase Option. The Seller shall have the right to repurchase
        all, but not less than all, of the Receivable Interests held by the Investors
        and the Banks and to terminate this Agreement upon not less than ten Business
        Days’ prior written notice to the Agent. Such notice shall specify the date that
        the Seller desires that such repurchase occur (such date, the “Repurchase
        Date”). On the Repurchase Date, the Seller shall deposit into the Investor
        Agent’s Account for each Investor Agent in immediately available funds an amount
        equal to the sum

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      of
        (i)
        the aggregate outstanding Capital of the Receivable Interests held by the
        Investors and/or the Banks in such Investor Agent’s Group, (ii) all accrued and
        unpaid Yield thereon to the Repurchase Date, (iii) all accrued and unpaid
        Fees
        owing to such Investors and Banks and such Investor Agent, (iv) the Liquidation
        Fee (if any) owing to such Investors and Banks in respect of such repurchase
        and
        (v) all expenses and other amounts owing to any of such Investors and Banks
        and
        such Investor Agent and (if such Investor Agent is the Program Agent) the
        Program Agent under the Transaction Documents. Any repurchase pursuant to
        this
        Section 2.13 shall be made without recourse to or warranty by the Agents,
        the
        Investors or the Banks. Further, on the Repurchase Date, the Bank Commitments
        for all the Banks shall terminate, each of the Commitment Termination Date
        and
        Facility Termination Date shall occur, the Termination Date for all Receivable
        Interests shall occur and no further purchases or reinvestments of Collections
        shall be made hereunder; provided, that the provisions of this Agreement
        referenced in Section 11.09 shall survive such termination.”

       

      SECTION
        2.   Effectiveness.
        This
        Amendment Agreement shall become effective at 12:01 a.m. on April 1, 2007,
        provided that executed counterparts of this Amendment Agreement have been
        delivered by each party hereto to each other party hereto on or before such
        time.

       

      SECTION
        3.   Representations and Warranties. The Seller makes each of
        the representations and warranties contained in Section 4.01 of the Agreement
        (after giving effect to this Amendment Agreement). The Collection Agent makes
        each of the representations and warranties contained in Section 4.02 of the
        Agreement (after giving effect to this Amendment Agreement).

       

      SECTION
        4.   Confirmation
        of Agreement.
        Each
        reference in the Agreement to “this Agreement” or “the Agreement” shall mean the
        Agreement as amended by this Amendment Agreement, and as hereafter amended
        or
        restated. Except as herein expressly amended, the Agreement is ratified and
        confirmed in all respects and shall remain in full force and effect in
        accordance with its terms.

       

      SECTION
        5.   GOVERNING
        LAW.
        THIS AMENDMENT AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
        WITH,
        THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO THE CONFLICT
        OF LAWS
        PRINCIPLES THEREOF).

       

      SECTION
        6.   Execution
        in Counterparts.
        This
        Amendment Agreement may be executed in any number of counterparts and by
        different parties hereto in separate counterparts, each of which when so
        executed shall be deemed to be an original and all of which when taken together
        shall constitute one and the same agreement. Delivery of an executed counterpart
        of a signature page to this Amendment Agreement by facsimile or by email
        in
        portable document format (.pdf) shall be effective as delivery of a manually
        executed counterpart of this Amendment Agreement.

       

      

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

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

       

      LEXMARK
        RECEIVABLES CORPORATION

       

       

      By:
        /s/
        Bruce J. Frost            

      Title:
        Assistant Treasurer

       

       

      CIESCO,
        LLC

       

       

      By:
        Citicorp North America, Inc.,      

      as
        Attorney-in-Fact

       

      By:
        /s/
        Junette M. Earl                
        

      Title:
        Vice President

       

       

      CITICORP
        NORTH AMERICA, INC.,

      as
        Program Agent and as an Investor Agent

       

       

      By:
        /s/
        Junette M. Earl           

      Title:
        Vice President

       

       

      CITIBANK,
        N.A.

       

       

      By:
        /s/
        Junette M. Earl           

      Title:
        Vice President

       

       

      THE
        BANK
        OF TOKYO-MITSUBISHI UFJ, LTD., 

      NEW
        YORK
        BRANCH,

      as
        a
        Bank

       

       

      By:  /s/
        Jesse A. Reid, Jr.              
        

      Title:
        Authorized Signatory

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      THE
        BANK
        OF TOKYO-MITSUBISHI UFJ, LTD., 

      NEW
        YORK
        BRANCH,

      as
        an
        Investor Agent

       

       

      By:
        /s/ Aditya
        Reddy              

      Title:
        VP
        and Manager

       

       

      GOTHAM
        FUNDING CORPORATION

       

      By:
        /s/
        R.
        Douglas Donaldson         
        

      Title:
        Treasurer

       

       

      LEXMARK
        INTERNATIONAL, INC.

       

       

      By:
        /s/
        Richard A. Pelini            

      Title:
        V.P. & Treasurer

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