Document:

EX-10.59 1st Amend. to Amend./Restated Credit Agmt

 

Exhibit 10.59

AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

        THIS AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”)
is made and entered into effective as of the 21st day of February, 2001 (the
“Effective Date”) by and among ACE CASH EXPRESS, INC., a Texas corporation (the
“Borrower”), the lenders party to the Credit Agreement (as defined below)
(collectively, together with all successors and assigns, the “Lenders”), WELLS
FARGO BANK TEXAS, NATIONAL ASSOCIATION, a national banking association, as
agent for the Lenders (the “Agent”), BANK OF AMERICA, N.A., a national banking
association, as syndication agent for the Lenders (the “Syndication Agent”),
FIRST UNION NATIONAL BANK, a national banking association (“FUNB”), and THE
CHASE MANHATTAN BANK, a national banking association (“Chase”) both as managing
agents for the Lenders (FUNB and Chase, in such capacities, are hereby referred
to as the “Managing Agents”) (collectively, the Agent, the Syndication Agent
and the Managing Agent are referred to as the “Agents”).

PRELIMINARY STATEMENTS

        A.     The Borrower, the Lenders, the Agent, the Syndication Agent and the
Managing Agents have entered into that certain Amended and Restated Credit
Agreement, dated as of November 9, 2000 (as amended, supplemented or otherwise
modified and in effect on the date hereof, the “Credit Agreement”).

        B.     The Credit Agreement permits the Swingline Lenders to make Swingline
Loans in accordance with the provisions of Section 2.17 and certain other
provisions of the Credit Agreement.

        C.     Subsection (v) of Section 2.17 of the Credit Agreement states that
Swingline Loans shall not be outstanding for more than a total of fifteen (15)
days during any consecutive twelve (12) month period.

        D.     The Borrower has requested that the Lenders amend Subsection (v) of
Section 2.17 of the Credit Agreement to permit Swingline Loans to be
outstanding for not more than a total of twenty-five (25) days during any
consecutive twelve (12) month period.

        NOW, THEREFORE, in consideration of the premises herein contained and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties, intending to be legally bound, agree as
follows:

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AGREEMENT

ARTICLE I. DEFINITIONS

        SECTION 1.01 Certain Defined Terms. Capitalized terms used in this
Amendment are used as defined in the Credit Agreement, as amended hereby,
unless otherwise stated.

ARTICLE II. AMENDMENT

        SECTION 2.01 Amendment to Subsection (v) of Section 2.17 — Swingline
Loans. Effective as of the Effective Date, Subsection (v) of Section 2.17 of
the Credit Agreement is hereby amended so that the reference in such section to
“fifteen (15)” shall read “twenty-five (25)”.

ARTICLE III. CONDITIONS PRECEDENT

        SECTION 3.01 Conditions to Effectiveness. The effectiveness of this
Amendment is subject to the satisfaction of the following conditions precedent:

		
	 	        (a) The Lenders shall have received (i) this Amendment, duly
executed by the Borrower and the Required Lenders, (ii) a
certificate of the Secretary of the Borrower acknowledging (A)
that the Borrower’s Board of Directors has adopted, approved,
consented to and ratified resolutions which authorize the
execution, delivery and performance by the Borrower of this
Amendment, and (B) the names of the officers of the Borrower
authorized to sign this Amendment together with specimen
signatures of such officers, (iii) a Consent and Ratification of
the existing Guaranty Agreements, substantially in the form of
Exhibit G to the Credit Agreement, executed by each Guarantor, and
(iv) such additional documents, instruments and information as the
Agents or any Lender may reasonably request;

		
	 	        (b) The representations and warranties contained herein and
in the Credit Agreement, as amended hereby, and the other Credit
Documents shall be true and correct in all material respects as of
the date hereof, as if made on the date hereof (except insofar as
such representations and warranties relate expressly to an earlier
date);

		
	 	        (c) After giving effect to this Amendment, no Default or
Event of Default shall have occurred and be continuing; and

		
	 	        (d) All corporate proceedings taken in connection with the
transactions contemplated by this Amendment and all documents,
instruments and other legal matters incident thereto shall be
satisfactory to the Agents and the Required Lenders and their
legal counsel.

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ARTICLE IV. REPRESENTATIONS AND WARRANTIES

        SECTION 4.01 Representations and Warranties. The Borrower hereby
represents and warrants to the Agents and the Lenders that (a) the
representations and warranties contained in the Credit Agreement, as amended
hereby, and in any other Credit Document are true and correct in all material
respects on and as of the date hereof as though made on and as of the date
hereof (except insofar as such representations and warranties relate expressly
to an earlier date); (b) no Default of Event of Default under the Credit
Agreement, as amended hereby, or any other Credit Document has occurred and is
continuing; and (c) Borrower is in compliance in all material respects with all
covenants and agreements contained in the Credit Agreement, as amended hereby,
and in the other Credit Documents.

ARTICLE V. MISCELLANEOUS PROVISIONS

        SECTION 5.01 Ratification of Credit Agreement and Other Credit Documents.
Except as expressly provided herein, (i) the Credit Agreement and all other
Credit Documents shall remain unmodified and in full force and effect as
supplemented and amended hereby, and (ii) the Borrower hereby affirms all the
provisions of the Credit Agreement, as amended hereby, and the other Credit
Documents.

        SECTION 5.02 Confirmation of the Security Documents. The Borrower hereby
acknowledges and confirms that the Collateral (as defined in the Security
Documents) continues to secure the Liabilities (as defined in the Security
Documents), including those arising under the Credit Agreement, as amended
hereby.

        SECTION 5.03 Counterparts. This Amendment may be executed in one or more
counterparts, each of which when so executed shall be deemed to be an original,
but all of which when taken together shall constitute one and the same
instrument.

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

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        IN WITNESS WHEREOF, this Amendment has been executed as of the date first
above written.

	 	 	 
	 	
BORROWER:
	 
	 	
ACE CASH EXPRESS, INC.
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 	AGENT:
	 
	 	WELLS FARGO BANK TEXAS, NATIONAL ASSOCIATION
	 
	 	By:	 

Richard A. Ziegner

Vice President
	 
	 	
SYNDICATION AGENT:
	 
	 	
BANK OF AMERICA, N.A.
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 	
MANAGING AGENTS:
	 
	 	
THE CHASE MANHATTAN BANK
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 	
FIRST UNION NATIONAL BANK
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 

4

 

	 	 	 
	 	
LENDERS:
	 
	 	
WELLS FARGO BANK TEXAS, NATIONAL ASSOCIATION
	 
	 
	 	By:	 

Richard A. Ziegner

Vice President
	 
	 
	 	
BANK OF AMERICA, N.A.
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 
	 	
THE CHASE MANHATTAN BANK
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 
	 	
FIRST UNION NATIONAL BANK
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 
	 	
NATIONAL CITY BANK
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 
	 	
HIBERNIA NATIONAL BANK
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 

 

	 	 	 
	 	
TEXAS CAPITAL BANK, NATIONAL ASSOCIATION
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 	
FIRST AMERICAN BANK, SSB
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:EX-10.60 2nd Amend. to Amend./Restated Credit Agmt

 

Exhibit 10.60

SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

        THIS SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”) is made and entered into effective as of the November 7, 2001 (the
“Effective Date”) by and among ACE CASH EXPRESS, INC., a Texas corporation (the
“Borrower”), the lenders party to the Credit Agreement (as defined below)
(collectively, together with all successors and assigns, the “Lenders”), WELLS
FARGO BANK TEXAS, NATIONAL ASSOCIATION, a national banking association, as
agent for the Lenders (the “Agent”), BANK OF AMERICA, N.A., a national banking
association, as syndication agent for the Lenders (the “Syndication Agent”),
FIRST UNION NATIONAL BANK, a national banking association (“FUNB”), and THE
CHASE MANHATTAN BANK, a national banking association (“Chase”), both as
managing agents for the Lenders (FUNB and Chase, in such capacities, are hereby
referred to as the “Managing Agents”) (collectively, the Agent, the Syndication
Agent and the Managing Agents are referred to as the “Agents”).

PRELIMINARY STATEMENTS

        A.     The Borrower, the Lenders and the Agents have entered into that certain
Amended and Restated Credit Agreement, dated as of November 9, 2000, which was
amended pursuant to that certain Amendment to Amended and Restated Credit
Agreement, by and among the Borrower, the Lenders and the Agents, dated as of
February 21, 2001 (as amended, the “Credit Agreement”).

        B.     The Borrower has further requested that, immediately prior to the
effectiveness of this Amendment, the Lenders advance the Borrower $4,000,000 in
proceeds from the Reducing Revolving Loan to be used after the effectiveness of
this Amendment solely for the purpose of making a payment in respect of the
Senior Secured Notes as set forth in more detail in Section 6.04 of this
Amendment.

        C.     The Borrower has requested that the Lenders convert the Reducing
Revolving Commitment to a term loan in an amount of $55,000,000, which
represents the outstanding principal amount of the Reducing Revolver Loan as of
the Effective Date, including the $4,000,000 advance referenced above, and to
make certain other modifications to the Credit Agreement to the extent set
forth herein.

        D.     The Borrower, the Lenders and the Agents desire to amend the Credit
Agreement and the other Credit Documents as hereinafter set forth.

        NOW, THEREFORE, in consideration of the premises herein contained and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties, intending to be legally bound, agree as
follows:

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AGREEMENT

ARTICLE I. DEFINITIONS

        SECTION 1.01 Certain Defined Terms. Capitalized terms used in this
Amendment are used as defined in the Credit Agreement, as amended hereby,
unless otherwise stated.

ARTICLE II. AMENDMENT

        SECTION 2.01 Amendment to Section 1.01; Amendment and Restatement of
Certain Defined Terms. Effective as of the Effective Date hereof, the
following definitions contained in Section 1.01 of the Credit Agreement are
hereby amended and restated in their entirety to read as follows:

		
	 	        “Applicable Commitment Fee Percentage” shall mean, at any
time the Commitment Fee described in Section 2.06 hereof is to be
paid, 0.50% per annum, which percentage shall be multiplied by the
Available Commitment Amount, as more fully described by Section
2.06.

		
	 	        “Applicable Margin” shall mean the following percentages per
annum applicable to the following Types of facilities, which
percentages shall be added to the applicable interest rates for
purposes of calculating the interest rates payable to the Lenders,
as more fully described by Section 2.05:

		
	 	        (a) For the entire term of the Credit Agreement, the
following Applicable Margin shall apply to the Term Loan
Commitment and the Revolving Credit Commitment:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	ALTERNATE	 	 	ADJUSTED	 	 	REFERENCE	 
	 	 	BASE RATE	 	 	LIBOR	 	 	RATE	 
	TYPE OF FACILITY	 	MARGIN	 	 	MARGIN	 	 	MARGIN	 
	
	 	
	 	 	
	 	 	
	 
	Term Loan Commitment
	 	 	2.25	%	 	 	3.25	%	 	 	N/A	 
	Revolving Credit
Commitment
	 	 	1.75	%	 	 	N/A	 	 	 	2.75	%

		
	 	        “Available Commitment Amount” shall mean at any date of
determination with respect to the Revolving Credit Commitment, the
Total Revolving Credit Commitment, minus the average daily unpaid
principal balance of the Revolving Credit Loans (excluding any
Swingline Loans outstanding during such period) since the later to
occur of the Closing Date and the last date of payment of the
Commitment Fee, as described in Section 2.06 hereof.

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	 	        “Cash Flow Coverage Ratio” shall mean (a) the total without
duplication, during the twelve-month period preceding the
applicable date of determination, of (i) EBITDA, minus (ii)
Nondiscretionary Capital Expenditures, minus (iii) Federal, state
and local income taxes actually paid, minus (iv) cash dividends
paid, minus (v) withdrawals, minus (vi) treasury stock
purchased, plus (vii) rent expense, divided by (b) the total
without duplication during the same specified twelve month period
of (i) Interest Expense, plus (ii) the current portion of all
Capitalized Lease Obligations, plus (iii) the current portion of
all long-term debt (excluding the outstanding amount to the Term
Loan), plus (iv) rent expense.
	 
	 	        “Commitment” shall mean, with respect to each Lender, the
sum of (a) the Term Loan Commitment of such Lender, plus
(b) the Revolving Credit Commitment of such Lender, as each
may be terminated or reduced from time to time in accordance with
the provisions of this Agreement.
	 
	 	        “Eurodollar Loan” shall mean a Term Loan based on the
Adjusted LIBOR in accordance with Article II hereof.
	 
	 	        “Final Maturity Date” shall mean December 31, 2001.
	 
	 	        “Interest Payment Date” shall mean (a) with respect to
any Alternate Base Loan, (i) the last Business Day of each
month commencing on the month following the Closing Date and
(ii) (x) with respect to any Revolving Credit Loan that
is an Alternate Base Loan, the Revolving Credit Termination Date
and (y) with respect to any Term Loan that is an Alternate Base
Loan, the Term Loan Termination Date, (b) with respect to any
Eurodollar Loan, (i) the last day of the Interest Period
applicable thereto, and, in addition, in respect of any
Eurodollar Loan of more than three (3) months’ duration, each
earlier day which is three (3) months after the first day of such
Interest Period and (ii) the Term Loan Termination Date, and (c)
with respect to any Reference Rate Loan, (i) the last
Business Day of each month commencing on the month following the
Closing Date and (ii) the Revolving Credit Termination Date.
	 
	 	        “Interest Period” shall mean, as to any (i) Eurodollar Loan,
the period commencing on the date of such Eurodollar Loan and
ending on the numerically corresponding day (or, if there is no
numerically corresponding day, on the last day) in the calendar
month that is one (1) month thereafter, as the Borrower may elect
with respect to its Eurodollar Loans; and (ii) Reference Rate
Loan, the period commencing on the date of such Reference Rate
Loan and ending on the numerically corresponding day (or, if there
is no numerically corresponding day, on the last day) in the
calendar month that is one (1) month thereafter; provided,
however, that (a) if an Interest Period would end on a day
that is not a Business Day, such Interest Period shall be extended
to the next succeeding Business Day unless such next succeeding
Business Day would fall in the next calendar month, in which case
such Interest Period shall end on the next preceding Business Day,

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(b) no Interest Period shall (i) with respect to a Term
Loan, end later than the Term Loan Termination Date, and
(ii) with respect to a Revolving Credit Loan, end later than
the Revolving Credit Loan Termination Date and (c) interest
shall accrue from and including the first day of an Interest
Period to but excluding the last day of such Interest Period.
	 
	 	        “Loan” shall mean any Term Loan, any Revolving Credit Loan
or any Swingline Loan.
	 
	 	        “Notes” shall mean the Term Notes and the Revolving Credit
Notes of the Borrower, executed and delivered as provided in
Section 2.04 hereof, and the Swingline Notes, if any, executed
and delivered as provided in Section 2.17 hereof.
	 
	 	        “Obligations” shall mean all obligations, liabilities and
indebtedness of each of the Borrower and the Guarantors to the
Lenders and the Agent arising under or in connection with this
Agreement or any other document or instrument executed in
connection herewith, whether now existing or hereafter created,
direct or indirect, due or not, including without limitation all
of their respective obligations, liabilities and indebtedness with
respect to the principal of and interest on the Term Loans, the
Revolving Credit Loans, drawings under any Letter of Credit, and
the payment or performance of all other obligations, liabilities,
and indebtedness owed by any of them to the Lenders and the Agent
hereunder or under any one or more documents or instruments
executed and delivered in connection herewith or with any Letter
of Credit, including without limitation all fees, costs, expenses
and indemnity obligations hereunder and thereunder.
	 
	 	        “Total Commitment” shall mean the sum of the Lenders’ Total
Term Loan Commitment and Total Revolving Credit Commitment, as
the same may be terminated or reduced from time to time in
accordance with the provisions of this Agreement.
	 
	 	        “Revolving Credit Termination Date” shall mean the earlier
of (a) Final Maturity Date or (b) such date as the Revolving
Credit Loans shall otherwise be payable in full and the Revolving
Credit Commitment shall terminate, expire or be canceled in
accordance with the terms of this Agreement.

        SECTION 2.02 Amendment to Section 1.01; Addition of Certain Defined Terms.
Effective as of the date hereof, the following definitions shall be added to
Section 1.01 of the Credit Agreement in alphabetical order:

		
	 	        “Term Loan” shall mean advances under the Term Loan
Commitment to the Borrower made pursuant to this Agreement.

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	 	        “Term Loan Commitment” shall mean, with respect to any
Lender, the Term Loan Commitment of such Lender as set forth in
Schedule 2.01(a) annexed hereto, as the same may be terminated or
reduced from time to time in accordance with the provisions of
this Agreement.

		
	 	        “Term Loan Note” shall mean the Term Loan Note of the
Borrower, executed and delivered as provided in Section 2.04
hereof, substantially in the form of Exhibit A annexed hereto, as
amended, modified or supplement from time to time.

		
	 	        “Term Loan Termination Date” shall mean the earlier of (a)
Final Maturity Date or (b) such date as the Term Loan shall
otherwise be payable in full and the Term Loan Commitment shall
terminate, expire or be canceled in accordance with the terms of
this Agreement.

		
	 	        “Total Term Loan Commitment” shall mean the sum of the
Lenders’ Term Loan Commitments, as the same may be terminated or reduced from time to time in accordance with the provisions of
this Agreement.

        SECTION 2.03 Amendment to Section 1.01; Amendment of the Definition of
Reference Rate. Effective as of the date hereof, the definition of “Reference
Rate” in Section 1.01 of the Credit Agreement is hereby amended by deleting the
phrase “plus three quarters of one percent (0.75%)” contained therein.

        SECTION 2.04 Amendment to Section 1.01; Deletion of certain Defined Terms.
Effective as of the date hereof, the definition of “Reducing Revolver
Commitment”, “Reducing Revolver Loan”, “Reducing Revolving Notes”, “Reducing
Revolving Termination Date”, “Scheduled Reducing Revolver Termination Date” and
“Total Reducing Revolver Commitment” shall be deleted from Section 1.01 of the
Credit Agreement.

        SECTION 2.05 Amendment of Section 2.01. Effective as of the date hereof,
Section 2.01(c) of the Credit Agreement is hereby amended and restated in its
entirety to read as follows:

		
	 	        "(c) Subject to the terms and conditions and relying upon the
representations and warranties herein set forth, each Lender,
severally and not jointly, agrees to make the Term Loans to the
Borrower on November 7, 2001 in the original principal
amount of such Lender’s Term Loan Commitment set forth opposite
its name in Schedule 2.01(a) hereto.”

        SECTION 2.06 Amendment to Section 2.02(b). Effective as of the Effective
Date, Section 2.02(b) of the Credit Agreement is hereby amended and restated in
its entirety to read as follows:

		
	 	        “Loans shall be made ratably by the Lenders in accordance
with their respective Revolving Credit Commitment; provided,
however, that the failure of

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any Lender to make any Loan shall not in itself relieve any
other Lender of its obligation to lend hereunder. Term Loans shall
be made by the Lenders against delivery to each Lender of one (1)
Term Note, payable to the order of such Lender, as referred to in
Section 2.04 hereof. All Revolving Credit Loans shall be made
by the Lenders against delivery to each Lender of one (1)
Revolving Credit Note, payable to the order of such Lender, as
referred to in Section 2.04 hereof.”

        SECTION 2.07 Amendment to Section 2.02(d). Effective as of the Effective
Date, Section 2.02(d) of the Credit Agreement is hereby amended by deleting the
reference to “Reducing Revolver Loan” contained therein.

        SECTION 2.08 Amendment to Section 2.02(e). Effective as of the Effective
Date, Section 2.02(e) of the Credit Agreement is hereby amended by deleting the
reference to “Reducing Revolver Loan” contained therein and replacing it with
“Term Loan”.

        SECTION 2.09 Amendment to Section 2.03. Effective as of the Effective
Date, Section 2.03 of the Credit Agreement is hereby amended and restated
in its entirety to read as follows:

		
	 	
“Notice of Loans. The Borrower shall give the Agent irrevocable
written or facsimile notice (promptly confirmed in writing) of
each borrowing to be made by the Borrower (including, without
limitation, a conversion as permitted by Section 2.02(e)
hereof) not later than (i) 8:00 a.m., San Francisco,
California time, the Business Day of any Alternate Base Loan
conversion, (ii) 8:00 a.m., San Francisco, California time,
three (3) Business Days before any Eurodollar Loan conversion,
(iii) 8:00 a.m., San Francisco, California time, the Business Day
of a proposed Revolving Credit Loan consisting of a Reference Rate
Loan borrowing or any Reference Rate Loan conversion,
(iv) 8:00 a.m., San Francisco, California time, the Business
Day of a proposed Revolving Credit Loan consisting of an Alternate
Base Loan borrowing or any Alternate Base Loan conversion, and (v)
8:00 a.m., San Francisco, California time, the Business Day of a
proposed Swingline Loan. Such notice shall be in substantially
the form of Exhibit I hereto (the “Borrowing Notice”) and shall
(i) specify whether the Loans then being requested are to be
Revolving Credit Loans or Swingline Loans, (ii) specify
whether the Loans then being requested are to be Alternate Base
Loans, Reference Rate Loans or Eurodollar Loans, (iii) specify
the date of such borrowing (which shall be a Business Day) and
amount thereof, (iv) if such Loans are to be Eurodollar Loans,
specify the Interest Period with respect thereto, (v) state that
the representations and warranties set forth in Article III hereof
and in any documents delivered in connection herewith shall be
true and correct in all material respects with the same effect as
though made on and as of such date (except insofar as such
representations and warranties relate expressly to an earlier
date) and (vi) state that no Default or Event of Default has
occurred and is continuing or would otherwise be created by such
borrowing. If no election as to the Type of Loan is specified in
any such notice, all such Loans shall be Alternate Base Loans. If
no Interest Period with respect to any Eurodollar Loan is
specified

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in any such notice, then an Interest Period of one (1) month’s
duration shall be deemed to have been selected. The Agent shall
promptly advise the Lenders of any notice given pursuant to this
Section 2.03 and of each Lender’s portion of the requested
borrowing.”

        SECTION 2.10 Amendment to Section 2.04(a). Effective as of the Effective
Date, Section 2.04(a) of the Credit Agreement is hereby amended and
restated in its entirety to read as follows:

		
	 	        "(a) All Term Loans made by a Lender to the Borrower shall be
evidenced by a single Term Note duly executed by the Borrower,
dated November 7, 2001, in substantially the form of Exhibit A
hereto, delivered by the Borrower and payable to such Lender in a
principal amount equal to such Lender’s Term Loan Commitment on
such date. All Revolving Credit Loans made by a Lender to the
Borrower shall be evidenced by a single Revolving Credit Note,
duly executed by the Borrower, dated the Closing Date, in
substantially the form of Exhibit B hereto, delivered by the
Borrower and payable to such Lender in a principal amount equal to
such Lender’s Revolving Credit Commitment on such date.”

        SECTION 2.11 Amendment to Section 2.04(c). Effective as of the Effective
Date, Section 2.04(c) of the Credit Agreement is hereby amended and
restated in its entirety to read as follows:

		
	 	        "(c) Each Term Note shall bear interest from its date on the
outstanding principal balance thereof as provided in Section 2.05
hereof. The outstanding balance of each Term Loan, as evidenced
by any such Term Note, shall mature and be due and payable on the
Term Loan Termination Date.”

        SECTION 2.12 Amendment to Section 2.04(d). Effective as of the Effective
Date, Section 2.04(d) of the Credit Agreement is hereby amended and
restated in its entirety to read as follows:

		
	 	        "(d) Each Lender, or the Agent on its behalf, shall, and is
hereby authorized by the Borrower to, endorse on the schedule
attached to the Term Note or Revolving Credit Note of such Lender
(or on a continuation of such schedule attached to such Note and
made a part thereof) an appropriate notation evidencing, for each
Revolving Credit Note, the date and amount of each Loan to the
Borrower from such Lender, and for all Notes, the date and amount
of each payment and prepayment with respect thereto; provided,
however, that the failure of any Person to make such a notation on
a Note shall not affect any obligations of the Borrower under such
Note. Any such notation shall be conclusive and binding as to the
date and amount of such Loan or portion thereof, or payment or
prepayment of principal or interest thereon, absent manifest
error.”

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        SECTION 2.13 Amendment to Section 2.05(c). Effective as of the Effective
Date, Section 2.05(c) of the Credit Agreement is hereby amended and
restated in its entirety to read as follows:

		
	 	        "(c) Subject to the provisions of Section 2.08 and Section 9.08
hereof, each Reference Rate Loan shall bear interest at a rate per annum
equal to the Reference Rate plus the Applicable Margin then in effect.”

        SECTION 2.14 Amendment to Section 2.06. Effective as of the Effective
Date, Section 2.06 of the Credit Agreement is hereby amended and restated in
its entirety to read as follows:

		
	 	        "(a) The Borrower shall pay each Lender, through the Agent,
its pro rata share of a quarterly commitment fee (the “Commitment
Fee”) from the Closing Date until the Revolving Credit Termination
Date, in an amount equal to: (i) the daily Available Commitment
Amount applicable to the Revolving Credit Commitment during such
quarter (or shorter period commencing on the Closing Date or
ending with the Revolving Credit Loan Termination Date),
multiplied by (ii) the Applicable Commitment Fee Percentage then
in effect, provided, however, that there shall be no Commitment
Fee attributable to the Revolving Credit Commitment after the
Revolving Credit Termination Date.

		
	 	        (b) Any portion of the Commitment Fee that has not been
previously paid shall be payable in immediately available funds
(i) on the last Business Day of each calendar quarter commencing
on December 31, 2000 and (ii) on the Revolving Credit Termination
Date. The Commitment Fee due to each Lender under this Section
2.06 shall commence to accrue on the Closing Date and cease to
accrue on the Revolving Credit Termination Date in accordance
with the provisions of this Section 2.06. The Commitment Fee
shall be calculated on the basis of the actual number of days
elapsed in a year of 360 days.”

        SECTION 2.15 Amendment to Section 2.07. Effective as of the Effective
Date, Section 2.07 of the Credit Agreement, together with the heading thereto,
is hereby amended and restated in its entirety to read as follows:

        SECTION 2.16 Termination, Reduction of the Total Revolving Credit
Commitment and Termination of Term Loan Commitment

		
	 	        "(a) Upon at least five (5) Business Days’ prior irrevocable
written notice (or facsimile notice promptly confirmed in
writing) to the Agent, the Borrower may at any time in whole
permanently terminate, or from time to time in part permanently
reduce, the Total Revolving Credit Commitment ratably among the
Lenders in accordance with the amounts of their Commitments;
provided, however, the Total Revolving Credit Commitment shall
not at any time be reduced to an amount less than the sum of the
Revolving Credit Loans then outstanding. Each voluntary partial
reduction of the Total Revolving

8

 

		
	 	
Credit Commitment shall be in an integral multiple of five
million dollars ($5,000,000).

		
	 	        (b) Simultaneously with any termination or reduction of the
Total Revolving Credit Commitment pursuant to paragraph
(a) above, the Borrower shall pay to each Lender, through the
Agent, the Commitment Fee due and owing through and including the
date of such termination or reduction on the amount of the
Commitment of such Lender so terminated or reduced.

		
	 	        (c) The Revolving Credit Commitment of each Lender shall
automatically and permanently terminate on the Revolving Credit
Termination Date, and all Revolving Credit Loans still
outstanding on such date shall be due and payable in full
together with accrued interest thereon. No Lender shall have any
obligation to make any Revolving Credit Loans after the Revolving
Credit Termination Date.

		
	 	        (d) [Intentionally Deleted]

		
	 	        (e) [Intentionally Deleted]

		
	 	        (f) The Term Loan Commitment of each Lender shall
automatically and permanently terminate on the Term Loan
Termination Date and all Term Loans still outstanding on such
date shall be due and payable in full together with accrued
interest thereon.”

        SECTION 2.17 Amendment to Section 2.09(a) and (b). Effective as of the
Effective Date, Section 2.09(a) and (b) of the Credit Agreement are hereby
amended by deleting the reference to “Reducing Revolver Loans” and replacing it
with “Term Loan”.

        SECTION 2.18 Amendment to Section 2.09(d). Effective as of the Effective
Date, Section 2.09(d) of the Credit Agreement is hereby amended and restated in
its entirety to read as follows:

		
	 	        "(d) On the date of any termination of the Total Revolving
Credit Commitment pursuant to Section 2.07 hereof, the
Borrower shall pay or prepay so much of the Revolving Credit Loans
as shall be necessary in order that (i) the sum of the
aggregate principal amount of the Revolving Credit Loans then
outstanding, will not exceed the Total Revolving Credit Commitment
at such time, and (ii) the aggregate principal amount of the
Revolving Credit Loans then outstanding will not exceed the
Borrowing Base then in effect.”

        SECTION 2.19 Amendment to Section 2.13(a). Effective as of the Effective
Date, Section 2.13(a) of the Credit Agreement is hereby amended and restated in
its entirety to read as follows:

9

 

		
	 	        "(a) Except as permitted or contemplated by
Sections 2.11, 2.17, 2.18, 2.19 or 2.20 hereof, each Loan or
other borrowing, each payment or prepayment of principal of the
Notes, each payment of interest on the Notes, each payment of any
fee or other amount payable hereunder and each reduction of the
Total Revolving Credit Commitment shall be made pro rata among the
Lenders in the proportions that their Revolving Credit Commitments
bears to the Total Revolving Credit Commitment. Notwithstanding
the foregoing, in the event that any Lender notifies Agent in
writing prior to the date of a proposed Loan that such Lender will
not on such date make such Lender’s ratable portion of such Loan
available to the Agent (any such Lender being hereinafter referred
to as a “Non-Funding Lender”), then, in such event and subject to
all other terms and conditions set forth herein, such Loan shall
be made pro rata among all Lenders other than the Non-Funding
Lender (such Lenders being hereinafter referred to as the “Funding
Lenders”); provided, however, that (i) no Funding Lender shall
be obligated to make any such Loan if the Non-Funding Lender
declined to make its ratable portion of such Loan available to
Agent as a result of the occurrence of any Default or Event of
Default hereunder or nonsatisfaction of any conditions precedent
to such loan, and (ii) no Funding Lender shall be obligated to
make any such Loan to the Borrower in an aggregate principal
amount in excess of such Lender’s Term Loan Commitment or
Revolving Credit Commitment, as the case may be.”

        SECTION 2.20 Amendment to Section 3.13. Effective as of the Effective
Date,

		
	 	        “Use of Proceeds. The proceeds of each Loan shall be used to
fund working capital requirements, and for other proper corporate
purposes of the Borrower not otherwise prohibited by the terms
hereof. Neither the Borrower nor any of its Subsidiaries will use
proceeds of any Loan for the purpose of acquiring, or attempting
to acquire, control of any Person unless such acquisition or
attempted acquisition is pursuant to an agreement with such Person
or is not resisted by such Person.”

        SECTION 2.21 Amendment to Section 5.09. Effective as of the Effective
Date, Section 5.09 of the Credit Agreement is hereby amended by deleting the
reference “Reducing Revolver Loans” contained therein and replacing it with
“Term Loan”.

        SECTION 2.22 Amendment to Section 5.11. Effective as of the Effective
Date, Section 5.11 of the Credit Agreement is hereby amended by deleting the
reference “Total Reducing Revolver Commitment” contained therein and replacing
it with “Term Loan Commitment”.

        SECTION 2.23 Amendment to Section 6.05. Effective as of the Effective
Date, Section 6.05 of the Credit Agreement is hereby amended by adding an
additional sentence at the end of the section that reads as follows:

10

 

		
	 	        “Notwithstanding the foregoing, after November 7, 2001, the
Borrower shall not enter into any commitment or agreement to open
any additional stores or make any Acceptable Acquisitions;
provided, however, that the Borrower shall be able to open
additional stores or complete any Acceptable Acquisitions that are
not otherwise prohibited by this Agreement if (a) such commitment
or agreement was entered into prior to November 7, 2001, (b) such
commitment or agreement is set forth on Schedule 6.05 hereto and
(c) Borrower has provided Agent with a reasonably detailed
description of each such additional store or Acceptable
Acquisition.”

        SECTION
2.24 Amendment to Section 9.03. Effective as of the Effective
Date, Section 9.03 of the Credit Agreement is hereby amended by deleting
“Reducing Revolver Commitment” contained therein and replacing it with “Term
Loan Commitment”

        SECTION
2.25 Amendment to Exhibit A. Effective as of the Effective Date,
Exhibit A to the Credit Agreement is hereby amended in the form attached hereto
as Exhibit A.

        SECTION
2.26 Amendment to Schedule 2.01 (a) and (b). Effective as of the
Effective Date, Schedule 2.01(a) and (b) are hereby amended in the form
attached hereto as Schedule 2.01(a) and (b), respectively.

ARTICLE III. CONDITIONS PRECEDENT

        SECTION
3.01 Conditions to Effectiveness. The effectiveness of this
Amendment is subject to the satisfaction of the following conditions precedent:

		
	 	        (a) The Lenders shall have received (i) this Amendment, duly
executed by the Borrower and the Lenders, (ii) a certificate of
the Secretary of the Borrower acknowledging (A) that the
Borrower’s Board of Directors has adopted, approved, consented to
and ratified resolutions which authorize the execution, delivery
and performance by the Borrower of this Amendment, and (B) the
names of the officers of the Borrower authorized to sign this
Amendment together with specimen signatures of such officers,
(iii) a Consent and Ratification of the existing Guaranty
Agreements, substantially in the form of Exhibit G to the Credit
Agreement, executed by each Guarantor, and (iv) such additional
documents, instruments and information as the Agents or any Lender
may reasonably request;

		
	 	        (b) The representations and warranties contained herein and
in the Credit Agreement, as amended hereby, and the other Credit
Documents shall be true and correct in all material respects as of
the date hereof, as if made on the date hereof;

		
	 	        (c) After giving effect to this Amendment, no Default or
Event of Default shall have occurred and be continuing; and

11

 

		
	 	        (d) All corporate proceedings taken in connection with the
transactions contemplated by this Amendment and all documents,
instruments and other legal matters incident thereto shall be
satisfactory to the Agents and the Required Lenders and their
legal counsel.

		
	 	        (e) The Agent, on behalf of the Lenders, shall have received
an amendment fee from the Borrower in the amount of $525,000,
which fee shall be deemed fully earned and nonrefundable upon
execution of this Amendment by Borrower, Agents and the lenders
party hereto.

ARTICLE IV. REPRESENTATIONS AND WARRANTIES

        SECTION
4.01 Representations and Warranties. The Borrower hereby
represents and warrants to the Agents and the Lenders that (a) the
representations and warranties contained in the Credit Agreement, as amended
hereby, and in any other Credit Document are true and correct in all material
respects on and as of the date hereof as though made on and as of the date
hereof (except insofar as such representations and warranties relate expressly
to an earlier date); (b) no Default of Event of Default under the Credit
Agreement, as amended hereby, or any other Credit Document has occurred and is
continuing; and (c) Borrower is in compliance in all material respects with all
covenants and agreements contained in the Credit Agreement, as amended hereby,
and in the other Credit Documents.

ARTICLE V NO WAIVER

        SECTION 5.01 Except as expressly provided herein, (i) nothing contained in
this Amendment or any other communication between Agents and/or Lenders and the
Borrower shall be a waiver of any past, present or future violation, default or
Event of Default of the Borrower under the Credit Agreement or any Credit
Document; (ii) Agents and Lenders hereby expressly reserve any rights,
privileges and remedies under the Credit Agreement and each Credit Document
that Agents and Lenders may have with respect to each violation, default or
Event of Default, and any failure by Agents and/or Lenders to exercise any
right, privilege or remedy as a result of the violations set forth above shall
not directly or indirectly in any way whatsoever either (A) impair,
prejudice or otherwise adversely affect the rights of Agents and/or Lenders,
except as set forth herein, at any time to exercise any right, privilege or
remedy in connection with the Credit Agreement or any Credit Documents,
(B) amend or alter any provision of the Credit Agreement or any Credit
Documents or any other contract or instrument, or (C) constitute any course
of dealing or other basis for altering any obligation of the Borrower or any
rights, privilege or remedy of Agents and/or Lenders under the Credit Agreement
or any Credit Documents or any other contract or instrument; and (iii) nothing
in this Amendment shall be construed to be a consent

ARTICLE VI. MISCELLANEOUS PROVISIONS

        SECTION
6.01 Ratification of Credit Agreement and Other Credit
Documents.
Except as expressly provided herein, (i) the Credit Agreement and all other
Credit Documents

12

 

shall remain unmodified and in full force and effect as supplemented and
amended hereby, and (ii) the Borrower hereby affirms all the provisions of the
Credit Agreement, as amended hereby, and the other Credit Documents.

        SECTION
6.02 Confirmation of the Security Documents. The Borrower hereby
acknowledges and confirms that the Collateral (as defined in the Security
Documents) continues to secure the Liabilities (as defined in the Security
Documents), including those arising under the Credit Agreement, as amended
hereby.

        SECTION
6.03 Counterparts. This Amendment may be executed in one or more
counterparts, each of which when so executed shall be deemed to be an original,
but all of which when taken together shall constitute one and the same
instrument.

        SECTION
6.04 Certain Agreements Regarding Reducing Revolver.
Immediately prior to the effectiveness of this Amendment, the Borrower was advanced
$4,000,000 of proceeds of the Reducing Revolving Loan (as such term was defined
in the Credit Agreement immediately prior to the effectiveness of this
Amendment). The Borrower hereby agrees (i) to use such proceeds solely for the
purpose of making a payment in respect of the Senior Secured Notes by no later
than November 15, 2001 and (ii) that, promptly after making such payment, it
shall provide the Agents and the Lenders with written confirmation of such
payment in form and substance satisfactory to the Lenders and the Agents.
Failure to make such payment on the date specified or to provide such notice
shall be an immediate Event of Default. The Lenders and the Agents hereby
consent to the foregoing use of proceeds.

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

13

 

        IN WITNESS WHEREOF, this Amendment has been executed as of the date first
above written.

	 	 	 
	 	
BORROWER:
	 
	 	
ACE CASH EXPRESS, INC.
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 	AGENT:
	 
	 	WELLS FARGO BANK TEXAS, NATIONAL ASSOCIATION
	 
	 	By:	 

Richard A. Ziegner

Vice President
	 
	 	
SYNDICATION AGENT:
	 
	 	
BANK OF AMERICA, N.A.
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 	
MANAGING AGENTS:
	 
	 	
THE CHASE MANHATTAN BANK
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 	
FIRST UNION NATIONAL BANK
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 

 

	 	 	 
	 	
LENDERS:
	 
	 	
WELLS FARGO BANK TEXAS, NATIONAL ASSOCIATION
	 
	 
	 	By:	 

Richard A. Ziegner

Vice President
	 
	 
	 	
BANK OF AMERICA, N.A.
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 
	 	
THE CHASE MANHATTAN BANK
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 
	 	
FIRST UNION NATIONAL BANK
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 
	 	
NATIONAL CITY BANK
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 
	 	
HIBERNIA NATIONAL BANK
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 

 

	 	 	 
	 	
TEXAS CAPITAL BANK, NATIONAL ASSOCIATION
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 	
FIRST AMERICAN BANK, SSB
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 

 

Schedule 6.05

Additional Store/Acceptable
Acquisitions

 

FORM OF TERM NOTE

	 	 	 
	U.S.
$                         	Dallas, Texas	November
      , 2001

FOR VALUE RECEIVED, the undersigned, ACE CASH EXPRESS, INC., a Texas
corporation (the “Borrower”), HEREBY PROMISES TO PAY to the order of  
               , a                (the “Lender”), for
the account of its Applicable Lending Office (as defined in that certain
Amended and Restated Credit Agreement, dated as of November 9, 2000, by and
among the Borrower, the Lender, certain other lenders from time to time parties
thereto (collectively, the “Lenders”), Wells Fargo Bank Texas, National
Association, a national banking association, as Agent for the Lenders, Bank of
America, N.A., a national banking association, as Syndication Agent, and First
Union National Bank, a national banking association, and The Chase Manhattan
Bank, a national banking association, both as Managing Agents (as amended,
modified or supplemented from time to time, the “Credit
Agreement”)
(capitalized terms used herein and not otherwise defined shall have the
meanings set forth in the Credit Agreement) or any other office designated by
the Lender the principal sum of                  DOLLARS
($             ).

The Borrower promises to pay interest on the unpaid principal amount of the
Term Loan from the date of such Term Loan until such principal amount is paid
in full, at such interest rates, and payable at such times, as are specified in
the Credit Agreement.

Both principal and interest are payable in lawful money of the United States of
America to Wells Fargo Bank Texas, National Association, a national banking
association, as Agent, at 4975 Preston Park Boulevard, Suite 280, Plano, Texas
75093, in same day funds.

All payments made on account of principal of each Term Loan, shall be recorded
by the Lender and, prior to any transfer hereof, endorsed on the grid attached
hereto which is part of this Term Note (this “Note”), provided, however, that
failure of the Lender to make such notation or any error therein shall not in
any manner affect the obligation of the Borrower to repay such Term Loans in
accordance with the terms of this Note.

This Note is one of the Term Notes referred to in, and is subject to and
entitled to the benefits of, the Credit Agreement. This Note is secured by the
Collateral described in the Credit Documents. The Credit Agreement, among
other things, contains provisions for acceleration of the maturity hereof upon
the happening of certain stated events and also for prepayments on account of
principal hereof prior to the maturity hereof upon the terms and conditions
therein specified.

The Borrower hereby waives presentment, demand, protest, notice of intent to
accelerate, notice of acceleration and any other notice of any kind, except as
provided in the Credit Agreement. No failure to exercise, and no delay in
exercising, any rights hereunder on the part of the holder hereof shall operate
as a waiver of such rights.

 

This Note modifies and replaces, but does not extinguish or constitute a
novation of, the indebtedness evidenced by that certain Reducing Revolver Note
dated                  in the principal amount of $                 executed by the
Borrower and payable to the order of the Lender. All rights, titles, liens and
security interests securing the prior note are preserved, maintained and
carried forward to secure this Note.

THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF TEXAS (EXCEPT THAT THE PROVISIONS OF CHAPTER 346 OF THE TEXAS
FINANCE CODE, WHICH REGULATES CERTAIN REVOLVING CREDIT LOAN ACCOUNTS, SHALL NOT
APPLY TO THIS NOTE).

	 	 	 
	 	
ACE CASH EXPRESS, INC.
	 
	 	By:	
 

	 
	 	Name:	
 

	 
	 	Title:	 

	 
	 
	 

 

LOANS, MATURITIES

AND PAYMENTS OF PRINCIPAL AND INTEREST

	 
	 	 	 	 	Rate of Interest	 	 	Amount of	 	 	Amount of	 	 	Unpaid
	 	 	Amount and	 	Rate of Interest	 	 	Principal	 	 	Interest	 	 	Principal	 	 	Notation
	Borrowing Date	 	Type of Loan	 	 	Applicable to Loan	 	 	Paid or Prepaid	 	 	Paid or Prepaid	 	 	Balance	 	 	Made By

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