Document:

Exhibit 4.1 Q114

Exhibit 4.1

AMENDMENT NO. 5
AMENDMENT NO. 5, dated as of November 25, 2013 (this “Amendment”), among ROCK-TENN COMPANY, a Georgia corporation (the “Company”), ROCKTENN COMPANY OF CANADA HOLDINGS CORP./COMPAGNIE DE HOLDINGS ROCKTENN DU CANADA CORP. (formerly, ROCK-TENN COMPANY OF CANADA/COMPAGNIE ROCK-TENN DU CANADA), a Nova Scotia unlimited liability company (the “Canadian Borrower” and, together with the Company, the “Borrowers”), the Lenders party hereto, WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), and BANK OF AMERICA, N.A., acting through its Canada Branch, as Canadian administrative agent for the Lenders (the “Canadian Agent”) and the Canadian Swingline Lender, to the Credit Agreement dated as of May 27, 2011, and amended and restated as of September 27, 2012 (as amended, restated, amended and restated or otherwise modified from time to time, the “Credit Agreement”), by and among the Borrowers, those Domestic Subsidiaries of the Company identified as “U.S. Guarantors” on the signature pages thereto and such other Domestic Subsidiaries of the Company that thereafter become parties thereto, those Subsidiaries and the parent of the Canadian Borrower identified as “Canadian Guarantors” on the signature pages thereto and such other Subsidiaries of the Canadian Borrower that thereafter become parties thereto, the Administrative Agent, the Canadian Agent and the Lenders referred to therein.  Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 
WHEREAS, pursuant to Section 9.1 of the Credit Agreement, the Borrowers and the Required Lenders desire to amend the Credit Agreement as set forth herein.
NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:
Section 1.Amendment.  Subject to satisfaction of the conditions set forth in Section 3 hereof:
(a)The definition of “Credit Documents” in Section 1.1 of the Credit Agreement is amended by inserting after “any Joinder Agreement”, the following: “, Amendment No. 5 to the Credit Agreement, dated as of November 25, 2013”.

(b)The definition of “Consolidated Interest Coverage Ratio” in Section 1.1 of the Credit Agreement is hereby amended by inserting immediately after “(ii) Consolidated Interest Expense paid or payable in cash during such period” the following:

“(together with any sale discounts given in connection with sales of accounts receivable by the Consolidated Companies during such period)”.
(c)The definition of “EBITDA” in Section 1.1 of the Credit Agreement is hereby amended by (i) deleting the “and” immediately prior to “(xi) business interruption insurance items and other expenses” and (ii) inserting immediately prior to “plus (b) cash distributions of earnings of Unrestricted Subsidiaries” the following:  

“and (xii) all sale discounts given in connection with sales of accounts receivables,”.

(d)The definition of “Guarantors” in Section 1.1 of the Credit Agreement is hereby amended by inserting immediately after “but excluding any Inactive Subsidiary” the following:

“and any Consolidated Company that is a bankruptcy remote special purpose entity that is a borrower under any Receivables Finance Facility”.

(e)The definition of “Leverage Ratio” in Section 1.1 of the Credit Agreement is hereby amended by inserting after “amounts outstanding under Permitted Securitization Transactions and the Receivables Finance Facility” the following: “(that constitute Indebtedness)”.

(f)The definition of “Receivables Finance Facility” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety by the following:

““Receivables Finance Facility” means, collectively (a) (i) that certain credit facility backed or secured by accounts receivables of certain of the Consolidated Companies among certain of the Consolidated Companies and “RABOBANK NEDERLAND”, NEW YORK BRANCH, to be entered into on or prior to the Closing Date, and (ii) any other similar credit facility backed or secured by accounts receivables of certain of the Consolidated Companies among certain of the Consolidated Companies and a financial institution to be entered into after the Closing Date with customary limited recourse that is no more expansive in any material respect than the recourse under the credit facility referred to in clause (i) above (as in effect when entered into) or, to the extent applicable only to non-Credit Parties, that is customary in the relevant local market and performance undertakings and guarantees that are no more extensive in any material respect than the performance undertakings and guarantees provided by Credit Parties in connection with the credit facility referred to in clause (i) above (as in effect when entered into), in each case as the same may be amended, modified or supplemented from time to time in accordance with the requirements of this definition and (b) any arrangement or agreement in respect of a “true sale” (or any similar concept in the applicable jurisdiction) of Receivables in accordance with the laws of the United States or any state thereof, Canada, any province or territory of Canada or other applicable jurisdiction.”
(g)The definition of “Senior Secured Leverage Ratio” in Section 1.1 of the Credit Agreement is hereby deleted in its entirety.

(h)Clause (c) of the definition of “Total Funded Debt” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety by the following:

“(c) to the extent not otherwise included, the outstanding principal balance of Indebtedness under the Receivables Finance Facility”.
(i)Section 6.5 of the Credit Agreement is hereby amended by adding the text “or a Receivables Finance Facility” immediately after the text “Permitted Securitization Transaction” in such Section.

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Section 2.Representations and Warranties.  The Borrowers represent and warrant to the Lenders as of the date hereof and the Effective Date (as defined below) that:

(a)At the time of and immediately after giving effect to this Amendment, the representations and warranties set forth in the Credit Agreement are true and correct in all material respects (except to the extent that any such representation or warranty is qualified by materiality, in which case such representation and warranty shall be true and correct) with the same effect as if made on the Effective Date, except to the extent such representations and warranties expressly relate to an earlier date.

(b)At the time of and immediately after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.

Section 3.Conditions to Effectiveness.  This Amendment shall become effective on the date (the “Effective Date”) on which the Administrative Agent (or its counsel) and the Canadian Agent (or its counsel) shall have received from (A) the Required Lenders, a counterpart of this Amendment signed on behalf of such party, (B) each of the other parties hereto, a counterpart of this Amendment signed on behalf of such party and (C) all fees and expenses due and payable pursuant to Section 4 hereof.  In addition, the effectiveness of this Amendment (other than Sections 4, 5, 6 and 7 hereof) is conditioned upon the accuracy of the representations and warranties set forth in Section 2 hereof.

Section 4.Fees and Expenses.  The Borrowers agree to reimburse the Administrative Agent and the Canadian Agent, in each case, for the reasonable out-of-pocket expenses incurred by them in connection with this Amendment, including the reasonable fees, charges and disbursements of Cahill Gordon & Reindel llp, counsel for the Administrative Agent, and Borden Ladner Gervais LLP, counsel for the Canadian Agent.

Section 5.Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile transmission or by email in Adobe “.pdf” format shall be effective as delivery of a manually executed counterpart hereof.

Section 6.Applicable Law.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

Section 7.Headings.  The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

Section 8.Effect of Amendment.  On and after the effectiveness of this Amendment, each reference in the Credit Agreement to “this Credit Agreement”, “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the Notes and each of the other Credit Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended or waived by this Amendment.  The Credit Agreement, the Notes and each of the other Credit 

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Documents, as specifically amended or waived by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.  Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Agents under the Credit Agreement or any other Credit Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or any other Credit Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  The parties hereto expressly acknowledge that it is not their intention that this Amendment or any of the other Credit Documents executed or delivered pursuant hereto constitute a novation of any of the obligations, covenants or agreements contained in the Credit Agreement or any other Credit Document, but rather constitute a modification thereof pursuant to the terms contained herein.

[Signature Pages Follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.
BORROWERS:    ROCK-TENN COMPANY
		
	By:
	     /s/ John D. Stakel                              

		
	Name:
	     John D. Stakel 

		
	Title: 
	      Senior Vice President and Treasurer

ROCKTENN COMPANY OF CANADA HOLDINGS CORP./COMPAGNIE DE HOLDINGS ROCKTENN DU CANADA CORP.
		
	By: 
	      /s/ John D. Stakel                              

Name:          John D. Stakel
Title:          Senior Vice President and Treasurer

		
	ADMINISTRATIVE AGENT: 
	WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent
		
	By:
	    /s/ Karen H. McClain                     

		
	Name:
	    Karen H. McClain

		
	Title:
	         Managing Director

		
	CANADIAN AGENT: 
	BANK OF AMERICA, N.A.,

acting through its Canada Branch,
as Canadian Agent
		
	By:
	     /s/ Medina Sales De Andrade            

Name:        Medina Sales De Andrade
Title:          Vice PresidentExhibit 10.1 Q114

Exhibit 10.2
Second Amendment to
Fourth Amended and Restated Receivables Sale Agreement

This SECOND AMENDMENT (this “Amendment”) is entered into as of December 17, 2013 by and among:
(a) Rock-Tenn Company, a Georgia corporation (“Parent”),
(b) Rock-Tenn Company of Texas, a Georgia corporation, Rock-Tenn Converting Company, a Georgia corporation, Rock-Tenn Mill Company, LLC, a Georgia limited liability company, RockTenn - Southern Container, LLC, a Delaware limited liability company, PCPC, Inc., a California corporation, Waldorf Corporation, a Delaware corporation, RockTenn CP, LLC, a Delaware limited liability company, and RockTenn - Solvay, LLC, a Delaware limited liability company (each of the foregoing, an “Originator” and collectively, the “Originators”), and
(c) Rock-Tenn Financial, Inc., a Delaware corporation (“Buyer”),
with respect to that certain Fourth Amended and Restated Receivables Sale Agreement, dated as of December 21, 2012, by and among Parent, the Originators and Buyer (as amended by that First Amendment to Fourth Amended and Restated Receivables Sale Agreement dated as of August 30, 2013, the “Existing RSA” which, as amended hereby, is hereinafter referred to as the “RSA”).
Unless otherwise indicated, capitalized terms used in this Amendment are used with the meanings attributed thereto in the Existing RSA.
W I T N E S S E T H :
WHEREAS, the parties hereto desire to amend certain provisions of the Existing RSA.
NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, the parties hereto hereby agree as follows:
1.    Amendments.
1.1    Section 1.8(a) of the Existing RSA is hereby deleted in its entirety and replaced with the following:

“(a)    Upon ten (10) days’ advance written notice to the Buyer and Administrative Agent (as Buyer’s assignee), a Transferor may designate as Excluded Receivables all Originated Receivables (whether outstanding or arising on or after the effectiveness of such designation) relating to any designated Obligor; provided that immediately after giving effect to such designation (i) the Excluded Receivable Compliance Condition shall be satisfied and (ii) no Termination Event or Unmatured Termination Event shall exist; provided, further, that no such designation may be undertaken by a Transferor for reasons relating to the credit 

quality of the related Originated Receivables or in order to manipulate the pool characteristics of the Receivables; and provided, further that, with respect to the Obligors designated in the Notice of Excluded Receivables, dated as of November 15, 2013, no additional notice shall be required to designate as Excluded Receivables all Originated Receivables in respect of such Obligors, including those arising prior to the Cut-off Date immediately preceding the date of such notice.  

The written notice contemplated by the preceding sentence shall be accompanied by an updated Monthly Report reflecting the exclusion of the Excluded Receivables for such newly designated Obligor outstanding as of the immediately preceding Cut-off Date.

If such designation includes Originated Receivables outstanding prior to the immediately preceding Cut-off Date (and therefore owned by the Buyer), then the Buyer may dispose of any such outstanding Excluded Receivables by sale or dividend to the related Transferor; provided, that any such sale shall be made without representations, warranties, covenants or indemnity.  Upon any such disposition, Buyer agrees to execute such instruments of release and authorize the execution of such financing statements and amendments or terminations of existing financing statements as necessary to fully accomplish such release and disposition.  For the avoidance of doubt, no Excluded Receivables that arise on or after the Cut-off Date prior to the date of such notice shall be deemed to have been sold to the Buyer under this Agreement.”

1.2    Exhibit I of the Existing RSA is hereby amended by deleting the words “and originated after the effective date designated under Section 1.8 in respect of such obligor” from the definition of “Excluded Receivable.”
        
2.    Representations.
2.1.    Each of the Originators and Parent represents and warrants to Buyer that it has duly authorized, executed and delivered this Amendment and that the Amendment constitutes, a legal, valid and binding obligation of such party, enforceable in accordance with its terms (except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability).
2.2.    Each of the Originators and Parent further represents and warrants to Buyer that, as of the Effective Date (as defined below), each of its representations and warranties set forth in Section 2.1 of the Existing RSA is true and correct as though made on and as of such date and that no event has occurred and is continuing that will constitute a Termination Event or Unmatured Termination Event.
3.    Conditions Precedent.  This Amendment shall become effective as of the date first above written (the “Effective Date”) upon satisfaction of the following conditions precedent:
3.1    the Buyer and the Administrative Agent shall have received a counterpart hereof duly executed by each of the parties hereto; and

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3.2    the Buyer shall have delivered to the Administrative Agent a written consent to this Amendment from the Agents under the Credit and Security Agreement as required by Section 7.1(g) thereof.
4.    Miscellaneous.
4.1.    Except as expressly amended hereby, the Existing RSA shall remain unaltered and in full force and effect, and each of the parties hereto hereby ratifies and confirms the RSA and each of the other Transaction Documents (as defined in the Credit and Security Agreement) to which it is a party.
4.2.    THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO PRINCIPLES OF CONFLICTS OF LAW.
4.3.    EACH OF THE PARTIES TO THIS AMENDMENT HEREBY ACKNOWLEDGES AND AGREES THAT IT HEREBY IRREVOCABLY SUBMITS TO THE NON EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR NEW YORK STATE COURT SITTING IN THE STATE OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY DOCUMENT EXECUTED BY SUCH PARTY PURSUANT TO THIS AGREEMENT AND SUCH PARTY HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM.  NOTHING HEREIN SHALL LIMIT THE RIGHT OF BUYER (OR ITS ASSIGNS) TO BRING PROCEEDINGS AGAINST ANY TRANSFEROR IN THE COURTS OF ANY OTHER JURISDICTION.  ANY JUDICIAL PROCEEDING BY SUCH TRANSFEROR AGAINST BUYER (OR ITS ASSIGNS) OR ANY AFFILIATE THEREOF INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS AGREEMENT OR ANY DOCUMENT EXECUTED BY SUCH TRANSFEROR PURSUANT TO THIS AGREEMENT SHALL BE BROUGHT ONLY IN A COURT IN THE STATE OF NEW YORK.
4.4.    This Amendment may be executed in any number of counterparts and by the 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 Amendment
4.5    The Buyer agrees to pay to the Administrative Agent’s counsel the reasonable fees and disbursements incurred by such counsel in connection with this Amendment promptly following receipt of the related invoice.
<Balance of page intentionally left blank>

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

By:     /s/  John D. Stakel
Name:   John D. Stakel
Title:    SVP and Treasurer
ROCK-TENN MILL COMPANY, LLC,
as Originator

By:     /s/  John D. Stakel
Name:   John D. Stakel
Title:    SVP and Treasurer
ROCKTENN - SOUTHERN CONTAINER, LLC,
as Originator

By:     /s/  John D. Stakel
Name:   John D. Stakel
Title:    SVP and Treasurer
ROCK-TENN COMPANY OF TEXAS,
as Originator

By:     /s/  John D. Stakel
Name:   John D. Stakel
Title:    SVP and Treasurer
ROCK-TENN CONVERTING COMPANY,
as Originator

By:     /s/  John D. Stakel
Name:   John D. Stakel
Title:    SVP and Treasurer

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WALDORF CORPORATION,
as Originator

By:     /s/  John D. Stakel
Name:   John D. Stakel
Title:    SVP and Treasurer

PCPC, INC.,
as Originator

By:     /s/  John D. Stakel
Name:   John D. Stakel
Title:    SVP and Treasurer

ROCKTENN CP, LLC,
as Originator

By:     /s/  John D. Stakel
Name:   John D. Stakel
Title:    SVP and Treasurer

ROCKTENN - SOLVAY, LLC,
as Originator

By:     /s/  John D. Stakel
Name:   John D. Stakel
Title:    SVP and Treasurer

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ROCK-TENN FINANCIAL, INC.,
as Buyer

By:     /s/  Bradley A. Hasten
Name:   Bradley A. Hasten
Title:    Assistant Secretary

		
	Address:
	504 Thrasher Street

Norcross, GA 30071
Attn:  John D. Stakel
Telephone:  (678) 291-7901
Facsimile:  (770) 246-4642

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