Document:

Amendment No. 1 to Amended and Restated Loan Security Agreement

 Exhibit 10.37 
  
  
 AMENDMENT NO. 1 TO AMENDED AND RESTATED

 LOAN AND SECURITY AGREEMENT 
  
 THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this “Amendment”) is made as of September 22, 2003, between CIT
Group/Equipment Financing, Inc. (“Secured Party”) and Resorts International Hotel, Inc. (“Debtor”). 
  
  
 PRELIMINARY STATEMENTS 
  
 A.    Pursuant to the Amended and Restated Loan and
Security Agreement dated as of June 24, 2002 (as may be further amended, supplemented or modified from time to time, the “Loan Agreement”), by and between Debtor and Secured Party, Secured Party agreed to make certain Loans to
Debtor upon the terms and conditions set forth therein. 
  
 B.    Debtor and Secured Party desire to make certain amendments to the Loan Agreement, based on the terms and subject to the conditions set forth herein. 
  
 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, Debtor and Secured Party agree as follows: 
  
 1.    Capitalized terms used in this Amendment shall have the same meanings given them in the Loan Agreement, unless otherwise defined herein. 
  
 2.    Section 2.4 of the Loan Agreement is hereby amended
by the insertion of a new subsection (c) that reads in its entirety as follows: 
  
 “(c)    Regarding Loan Amortization. Anything in this Section 2.4 to the contrary notwithstanding, except in the case where any Event of Default occurs, the parties agree that no Loan
shall be amortized so that any scheduled Payment Date will occur after February 28, 2009. Accordingly, to the extent that, at anytime, the application of any of the provisions of Section 2.4(a) or Section 2.4(b) require that any scheduled Payment
Date occur after February 28, 2009, then, except in the case of where an Event of Default has occurred, at such time, such provision shall be deemed automatically modified so that no scheduled Payment Date will occur after February 28, 2009.

  
 3.    The first sentence of Section 7.5 of
the Loan Agreement is hereby amended and restated in its entirety to read as follows: 
  
 “Fail to maintain for the Debtor Group on a consolidated basis a minimum fixed charge coverage (“Minimum Fixed Charge Covenant”) of 1.0:1 for the period commencing on the date hereof and ending
June 30, 2004 and 1.2:1 for all periods thereafter on a rolling four-quarter basis from the date hereof through the date on which all principal and interest on all Loans are indefeasibly paid in full.” 
  
 4.    Section 7.6 of the Loan Agreement is hereby amended
and restated in its entirety to read as follows: 

 “7.6    Maximum Senior Indebtedness/EBITDA. From the period beginning on
the date hereof through the date on which all principal and interest on all Loans are indefeasibly paid in full, fail to maintain a ratio, as determined on a Debtor Group consolidated basis, between Senior Debt and EBITDA (“Senior
Debt/EBITDA Maximum Leverage Covenant”) that does not exceed the following: 
  
  

	 Rolling 4 Quarters Ending:
	  	Maximum Leverage Ratio
	

	 Inception (June     , 2002) through 12/31/02
	  	6.75:1.0
	 03/31/03 - 12/31/03
	  	6.75:1.0
	 03/31/04
	  	6.75:1.0
	 06/30/04
	  	6.75:1.0
	 09/30/04
 12/31/04
	  	 6.00:1.0
 5.50:1.0

	 03/31/05
 06/30/05 - 12/31/05
	  	 5.00:1.0
 4.00:1.0

	 03/31/06 - 12/31/06
	  	3.75:1.0
	 03/31/07 - 12/31/07, and thereafter
	  	3.50:1.0

  
  
 In the event Secured Party agrees to extend the Equipment Loan Period beyond June 30, 2004 for any period of time, then the foregoing
dates shall be deemed extended by a like period of time.” 
  
 5.    If that certain Guaranty in the form attached hereto as Exhibit A (the “KINA Guaranty”) is entered into by all the parties thereto and a true, complete and correct copy of such KINA Guaranty as so
executed is delivered to Secured Party, then so long as such KINA Guaranty remains in full force and effect, (a) the obligations under such KINA Guaranty shall not constitute indebtedness for purposes of Section 7.4 or 7.6 of the Loan Agreement and
(b) the entering into such KINA Guaranty by each member of the Debtor Group shall not constitute a breach of Section 7.7 of the Loan Agreement or Section 4 of the Guaranty. Debtor and Guarantor acknowledge and agree that Secured Party is a
third-party beneficiary of Section 19 of the KINA Guaranty; and accordingly, without the prior written consent of Secured Party, neither Guarantor nor Debtor shall (and each shall cause each other member of the Debtor Group not to) enter into any
agreement or other arrangement that will or will have the effect of amending, modifying or supplementing in any respect Section 6(a) or Section 19 of the KINA Guaranty—it being agreed that (1) any such agreement or arrangement shall be void and
of no effect and (2) if at any time the KINA Guaranty is amended, modified, supplemented or terminated in any respect, Debtor shall deliver to Secured Party a true, complete and correct copy of the fully executed writing evidencing such amendment,
modification, supplementation or termination. 
  
 6.    Pursuant to Section 15.7(a) of the Loan Agreement Debtor agrees to pay all the reasonable legal fees and expenses incurred by Secured Party in connection with the negotiation, preparation, execution and delivery of
this Amendment (the “Relevant Legal Fees”). Accordingly, upon receipt by Debtor of an invoice for the Relevant Legal Fees from Secured Party’s counsel, Sills Cummis Radin Tischman Epstein & Gross, Debtor shall pay the same.

  
 7.    In order to induce Secured Party to
enter into this Amendment, Debtor hereby represents and warrants that: 
  
 (a)    Except as set forth herein, no Event of Default has occurred and is continuing or will occur after giving effect to the transactions contemplated by this Amendment. 
  

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 (b)    this Amendment has been duly authorized, executed and
delivered by Debtor and constitutes its legal, valid and binding obligation, enforceable in accordance with its terms; 
  
 (c)    the Loan Agreement and each of the Relevant Documents, after giving effect to this Amendment and the
transactions contemplated hereby, continue to be in full force and effect and to constitute the legal, valid and binding obligations of Debtor, enforceable against Debtor in accordance with their respective terms; and 
  
 (d)    the representations and warranties
made by Debtor in or pursuant to the Loan Agreement or any Relevant Document, or which are contained in any certificate, document or financial or other statement furnished at any time under or in connection herewith or therewith, are true and
correct in all material respects on and as of the date hereof, as though made on and as of such date. 
  
 8. This Amendment shall become effective as of September 22, 2003 upon receipt by Secured Party of (a) four (4) originals of this Amendment executed by
each member of the Debtor Group party hereto and an original of this Amendment executed by Secured Party; (b) such other documents, instruments and certificates as Secured Party may reasonably request, in form and substance reasonably satisfactory
to Secured Party (including, without limitation, incumbency certificates, UCC-1 financing statements, UCC, judgment and tax lien searches, charter documents and certificates of good standing); (c) payment of the Relevant Legal Fees; and (d) payment
of $30,000 to Secured Party as an amendment fee. 
  
 9. Debtor
hereby confirms that all liens granted on the Collateral shall continue unimpaired and in full force and effect. 
  
 10. This Amendment may be executed in several counterparts, each of which, when executed and delivered, shall be deemed an original, and all of which
together shall constitute one agreement. Any signature delivered by a party by facsimile transmission shall be deemed to be an original signature hereto. 
  
 11. This Amendment shall be governed by and construed in accordance with the laws of the State of New Jersey without giving effect to principles of
conflicts of law. This Amendment shall be binding upon and inure to the benefit of Debtor, Secured Party, and their respective successors and permitted assigns. 
  

12. From and after the effectiveness hereof, all references to the Loan Agreement in the Loan Agreement or in any Relevant Document shall mean the Loan
Agreement as amended and modified by this Amendment. 
  
 13.
Except as amended and otherwise modified by this Amendment, the Loan Agreement and the Relevant Documents shall remain in full force and effect in accordance with their respective terms. Except as expressly provided herein, this Amendment shall not
constitute an amendment, waiver, consent or release with respect to any provision of the Loan Agreement or any Relevant Document, a waiver of any Event of Default thereunder, or a waiver or release of any of Secured Party’s rights or remedies
(all of which are hereby reserved). Debtor expressly ratifies and confirms the waiver of jury trial and other provisions of Section 15.2 of the Loan Agreement. 
  

 
 [NO FURTHER TEXT ON THIS PAGE: SIGNATURE PAGES FOLLOW] 

 

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 IN WITNESS WHEREOF, the Parties have caused this Amendment to be duly executed, all as of the day and
year first above written. 
  
  

	Debtor:
	
	Resorts International Hotel, Inc.
		
	 By:
	 	 /S/    AUDREY S. OSWELL

	 Name/Title:
	 	Audrey S. Oswell
	 	 	President and CEO
	
	Secured Party:
	
	CIT Group/Equipment Financing, Inc.
		
	 By:
	 	 /S/    KATIE J. SAUNDERS

	 Name/Title:
	 	Katie J. Saunders
	 	 	Senior Credit Analyst

  
  
 The undersigned agrees to the second sentence of Section 4 of this Amendment and also affirms and agrees that (i) its obligations under the Guaranty and
Suretyship Agreement, dated June 24, 2002, for the benefit of Secured Party shall be unimpaired by this Amendment and (ii) such obligations remain unaltered and in full force and effect and are hereby ratified and confirmed. 
  
 IN WITNESS WHEREOF, the undersigned has caused this Amendment to be duly
executed, all as of the day and year first above written. 
  
  

	Guarantor:
	
	Resorts International Hotel and Casino, Inc.
		
	 By:
	 	 /S/    AUDREY S. OSWELL

	 Name/Title:
	 	Audrey S. Oswell
	 	 	President and CEO

  

 4FIFTH AMENDMENT TO REVOLVING CREDIT AGREEMENT

 Exhibit 10.1 
 EXECUTION COPY 
  
 FIFTH
AMENDMENT TO 
 REVOLVING CREDIT AGREEMENT 
  

FIFTH AMENDMENT TO REVOLVING CREDIT AGREEMENT, dated as of September 12, 2003 (this “Amendment”), by and among DIGITAS LLC (the
“Borrower”), a Delaware limited liability company, and DIGITAS INC., a Delaware corporation, BRONNER SLOSBERG HUMPHREY INC., a Massachusetts corporation, and BSH HOLDING LLC, a Delaware limited liability company, as
Guarantors, and FLEET NATIONAL BANK, a national banking association, and the other lending institutions listed on Schedule 1 to the Credit Agreement (collectively, the “Banks”) and FLEET NATIONAL BANK as agent for the
Banks (the “Agent”), amending certain provisions of the Revolving Credit Agreement, dated as of July 25, 2000 (as amended by the First Amendment, dated as of June 29, 2001, the Second Amendment, dated as of November 26, 2001, the Third
Amendment, dated as of September 30, 2002, and the Fourth Amendment, dated as of February 24, 2003, the “Credit Agreement”), by and among the Borrower, the Guarantors, the Banks and the Agent. Terms not otherwise defined herein which are
defined in the Credit Agreement shall have the same respective meanings herein as therein. 
  
 WHEREAS, the Borrower and the Banks desire to amend the Credit Agreement as provided more fully herein below; 
  
 NOW THEREFORE, in consideration of the mutual agreements contained in the Credit Agreement and herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
  
 §1. Amendment to the Credit Agreement. The Credit Agreement is hereby amended as follows: 
  
 (a) In order to eliminate the Borrowing Base:

  
 (i) The definitions of “Borrowing
Base”, “Borrowing Base Report”, and “Eligible Accounts Receivable” set forth in §1.1 of the Credit Agreement are hereby deleted in their entirety. 
  
 (ii) The proviso in §2.1 of the Credit Agreement is amended by deleting the text
“the lesser of (i) the Total Commitment and (ii) the Borrowing Base” and substituting the text “the Total Commitment” therefor. 
  
 (iii) Section 2 of the Credit Agreement is further amended by deleting §2.11 in its entirety and substituting
“Intentionally Omitted” therefor. 
  
 (iv) The first sentence of §3.2 of the Credit Agreement is amended by deleting the text “the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time” contained in such sentence and
substituting the text “the Total Commitment at such time” therefor. 
  

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 (v) Section 4.1.1 of the Credit Agreement is amended by deleting the proviso in such §4.1.1 and restating it in its
entirety as follows: 
  
 , provided,
however, that after giving effect to such request, the sum of (a) the Maximum Drawing Amount of all Letters of Credit, (b) all Unpaid Reimbursement Obligations, and (c) the Dollar Equivalent of the amount of all Revolving Credit Loans
outstanding shall not exceed the Total Commitment. 
  
 (vi) Section 9.4 of the Credit Agreement is amended by deleting clauses (h) and (i) of such §9.4 in their entirety and substituting, in each case, “Intentionally Omitted” therefor. 
  
 (vii) Section 9.9.1 of the Credit Agreement is
amended by deleting the text “and to conduct examinations and verifications (whether by internal commercial finance examiners or independent auditors) of all components of the Borrowing Base,” contained in such §9.1.1. 
  
 (viii) Section 13.6 of the Credit Agreement is
amended by deleting such §13.6 in its entirety and substituting “Intentionally Omitted” therefor. 
  
 (b) Section 11.2 of the Credit Agreement is amended by deleting such §11.2 and restating it in its entirety as follows:

  
 11.2 Minimum EBITDA.

  
 (a) The Borrower will not as of the end
of any Reference Period permit EBITDA for such Reference Period to be less than $24,000,000. 
  
 (b) The Borrower will not as of the end of any fiscal quarter of the Borrower permit EBITDA for such quarter to be less than $3,250,000.

  
 (c) Section 11.4 of the Credit
Agreement is amended by deleting such §11.4 and restating such §11.4 in its entirety as follows: 
  
 11.4 Minimum Liquidity. The Borrower will not permit the sum of (a) cash after deducting all customer prepayments therefrom,
(b) Cash Equivalents and (c) marketable securities maintained by the Parent Companies, the Borrower and their Subsidiaries on their balance sheets to be less than $10,000,000 at any time. Only marketable securities which are not subject to any
restriction upon transfer shall be included when determining compliance with this §11.4. 
  
 §2. Conditions to Effectiveness. This Amendment shall be effective as of September 12, 2003 upon receipt by the Agent of an original counterpart signature to this Amendment, duly executed and
delivered by the Borrower and the Guarantors by 5:00 p.m. (Boston time) on such date. 

 -3- 
  
 §3. Representations and Warranties. Each of the Borrower and each of the Guarantors hereby represents and warrants to the Banks and the
Agent as follows: 
  
 (a) Representation and
Warranties in the Credit Agreement. The representations and warranties of the Borrower and the Guarantors contained in the Credit Agreement were true and correct in all material respects as of the date when made and continue to be true and
correct in all material respects on the date hereof, except to the extent of changes resulting from transactions or events contemplated by the Credit Agreement and the other Loan Documents and changes occurring in the ordinary course of business
that singly or in the aggregate are not materially adverse to the Borrower or such Guarantor, or to the extent that such representations and warranties relate expressly to an earlier date. 
  
 (b) Ratification, Etc. Except as expressly amended
hereby, the Credit Agreement, and all documents, instruments and agreements related thereto, are hereby ratified and confirmed in all respects and shall continue in full force and effect. The Credit Agreement, shall together with this Amendment, be
read and construed as a single agreement. All references in the Credit Agreement or any related agreement or instrument shall hereafter refer to the Credit Agreement as amended hereby. 
  
 (c) Authority, Etc. The execution and delivery by the Borrower and each Guarantor of this Amendment
and the performance by the Borrower and each Guarantor of all of its agreements and obligations under the Credit Agreement as amended hereby are within the authority of the Borrower and each such Guarantor and have been duly authorized by all
necessary action on the part of the Borrower and each of the Guarantors. 
  
 (d) Enforceability of Obligations. This Amendment and the Credit Agreement as amended hereby constitute the legal, valid and binding obligations of the Borrower and each Guarantor enforceable against the
Borrower and each Guarantor in accordance with their terms, except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally the enforcement of, creditors’ rights and
except to the extent that availability of the remedy of specific performance or injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought. 
  
 (e) No Default. No Default or Event of Default has
occurred and is continuing, and no Default or Event of Default will exist after execution and delivery of this Amendment. 
  
 §4. No Other Amendments. Except as expressly provided in this Amendment, all of the terms and conditions of the Credit Agreement and
the other Loan Documents remain in full force and effect. Nothing contained in this Amendment (a) shall be construed to imply a willingness on the part of the Banks to grant any similar or other future amendment of any of the terms and conditions of
the Credit Agreement or the other Loan Documents and (b) shall in any way prejudice, impair or effect any rights or 

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 remedies of the Banks or the Agent under the Credit Agreement or the other Loan Documents. 
  
 §5. Execution in Counterparts. This Amendment may be executed in any number of counterparts, each of
which shall be deemed an original, but which together shall constitute one instrument. 
  
 §6. Expenses. Pursuant to §17 of the Credit Agreement, all costs and expenses incurred or sustained by the Banks and the Agent in connection with this Amendment, including the fees and
disbursements of legal counsel for the Agent in producing, reproducing and negotiating the Amendment, will be for the account of the Borrower whether or not the transactions contemplated by this Amendment are consummated. 
  
 §7. Miscellaneous. THIS AMENDMENT SHALL BE DEEMED TO BE A
CONTRACT UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS AND SHALL FOR ALL PURPOSES BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS (EXCLUDING THE LAWS APPLICABLE TO CONFLICTS OR CHOICE OF LAW). The
captions in this Amendment are for convenience of reference only and shall not define or limit the provisions hereof. 
  
 REMAINDER OF PAGE INTENTIONALLY LEFT BLANK 

 -5- 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as a document under seal as of the date first above written. 
  
 DIGITAS LLC 
  
 By: /s/    JEFF
COTE                     
         Name: Jeff Cote 
         Title: COO/CFO 
  
 DIGITAS INC., as a Guarantor 
  
 By: /s/    JEFF
COTE                     
         Name: Jeff Cote 
         Title: COO/CFO 
  
 BRONNER, SLOSBERG HUMPHREY INC., as a Guarantor 
  
 By: /s/    JEFF
COTE                     
         Name: Jeff Cote 
         Title: COO/CFO 
  
 BSH HOLDING LLC, as a Guarantor 
  
 By: /s/    JEFF
COTE                     
         Name: Jeff Cote 
         Title: COO/CFO 
  
 FLEET NATIONAL BANK, individually and as Agent 
  
 By: /s/    John C.
Dunne,     
         John C. Dunne, 
         Senior Vice President

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