Document:

exv10w5

 

EXHIBIT 10.5

     FOURTH AMENDMENT dated as of June 16, 2005 (this
“Amendment”), to the CREDIT AGREEMENT dated as of September 9,
2003, as amended and restated as of July 27, 2004 (as amended,
supplemented or otherwise modified from time to time, the “Credit
Agreement”), among DEX MEDIA, INC., DEX MEDIA WEST, INC., DEX MEDIA
WEST LLC (the “Borrower”), the lenders from time to time party
thereto (the “Lenders”), JPMORGAN CHASE BANK, N.A. (formerly known
as JPMorgan Chase Bank), as administrative agent and collateral agent (in
such capacities, the “Agent”), and J.P. MORGAN SECURITIES INC. and
BANC OF AMERICA SECURITIES LLC, as Joint Bookrunners and Co-Lead
Arrangers.

          A. Capitalized terms used herein and not otherwise defined herein shall have the meanings
assigned to such terms in the Credit Agreement.

          B. The Borrower, the Parent and Holdings have requested that the Credit Agreement be amended
(the “Financing Amendments”) so as to (i) permit the Borrower to engage in securitization
transactions not exceeding $232,000,000 in the aggregate at any time and (ii) modify the Borrower’s
and Holding’s ability to make Restricted Payments.

          C. The Borrower, the Parent and Holdings have further requested that the Credit Agreement be
amended (the “Repricing Amendments”) so as to provide for (i) a new tranche of term loans
thereunder (the “New Tranche A Term Loans”), the proceeds of which, together, if necessary,
with other available funds of the Borrower, will be used to refinance all currently outstanding
Tranche A Term Loans and which, except as revised hereby, will have the same terms as the currently
outstanding Tranche A Term Loans under the Credit Agreement, (ii) the establishment of new
commitments to make Revolving Loans and to acquire participations in Letters of Credit and
Swingline Loans under the Credit Agreement (the “New Revolving Commitments”), which will
replace all existing Revolving Commitments and which, except as revised hereby, will have the same
terms as the existing Revolving Commitments, (iii) new revolving loans thereunder (the “New
Revolving Loans” and, together with the New Tranche A Term Loans, the “New Loans”), the
proceeds of which, together, if necessary, with other available funds of the Borrower, will be used
to refinance all currently outstanding Revolving Loans and which, except as revised hereby, will
have the same terms as the currently outstanding Revolving Loans under the Credit Agreement and
(iv) modifications to the Applicable Rate for New Tranche A Term Loans and Revolving Loans payable
under the Credit Agreement.

          D. Each existing Tranche A Lender (an “Existing Tranche A Term Lender”) that executes
and delivers a signature page to this Amendment (a “Lender Addendum”) and agrees to convert
its outstanding Tranche A Term Loans to New Tranche A Term Loans (a “Converting Tranche A Term
Lender”) will be deemed (i) to have agreed to the terms of this Amendment, (ii) to have agreed
to convert its Tranche A Term Loans (“Existing Tranche A Term Loans”) outstanding on the
Amendment Effective Date (as defined herein) into New Tranche A Term Loans in an aggregate
principal amount up to, but not in excess of, the aggregate principal amount of such Existing
Tranche A Term Loans, and (iii) upon the Amendment Effective Date, to have converted such amount of
its Existing Tranche A Term Loans as is determined by J.P. Morgan Securities Inc. and Banc of
America Securities LLC (the “Arrangers”) and the Borrower and notified to such Existing
Tranche A Term Lender into New Tranche A Term Loans in an equal principal amount.

 

 

          E. Each existing Revolving Lender (an “Existing Revolving Lender”) that executes and
delivers a Lender Addendum and agrees to convert (x) its outstanding Revolving Commitments to New
Revolving Commitments and (y) its outstanding Revolving Loans to New Revolving Loans (a
“Converting Revolving Lender”) will be deemed (i) to have agreed to the terms of this
Amendment, (ii) to have agreed to convert its Revolving Commitments (“Existing Revolving
Commitments”) outstanding on the Amendment Effective Date into New Revolving Commitments in an
aggregate amount up to, but not in excess of, the aggregate amount of such Existing Revolving
Commitments, (iii) to have agreed to convert its Revolving Loans (“Existing Revolving
Loans”) outstanding on the Amendment Effective Date into New Revolving Loans in an aggregate
amount up to, but not in excess of, the aggregate amount of such Existing Revolving Loans and (iv)
upon the Amendment Effective Date, to have converted such amount of its Existing Revolving
Commitments and such amount (the “Converted Revolving Loans Amount”) of its Existing
Revolving Loans as is determined by the Arrangers and the Borrower and notified to such Existing
Revolving Lender into New Revolving Commitments and New Revolving Loans, respectively, in an equal
amount.

          F. Each Person (other than a Converting Tranche A Term Lender in its capacity as such) that
executes and delivers a Lender Addendum and agrees to make New Tranche A Term Loans (an
“Additional Tranche A Term Lender”), including any Existing Tranche A Term Lender that
notifies the Arrangers that it does not want to be a Converting Tranche A Term Lender but is
willing to undertake a commitment to make and fund New Tranche A Term Loans, will be deemed (i) to
have agreed to the terms of this Amendment and (ii) to have committed to make New Tranche A Term
Loans to the Borrower on the Amendment Effective Date (“Additional Tranche A Term Loans”),
in such amounts (not in excess of any such commitment) as are determined by the Arrangers and the
Borrower and notified to such Additional Tranche A Term Lender. The proceeds of such Additional
Tranche A Term Loans will be used by the Borrower, together, if necessary, with other available
cash, to repay in full the outstanding principal amount of Existing Tranche A Term Loans that are
not converted by Converting Tranche A Term Lenders into New Tranche A Term Loans.

          G. Each Person (other than a Converting Revolving Lender in its capacity as such) that
executes and delivers a Lender Addendum and agrees to make New Revolving Commitments and New
Revolving Loans (an “Additional Revolving Lender”), including any Existing Revolving Lender
that notifies the Arrangers that it does not want to be a Converting Revolving Lender but is
willing to undertake a commitment to make New Revolving Commitments and New Revolving Loans, will
be deemed (i) to have agreed to the terms of this Amendment, (ii) to have committed to make New
Revolving Commitments to the Borrower on the Amendment Effective Date (“Additional Revolving
Commitments”) in such amounts (not in excess of any such commitment) as are determined by the
Arrangers and the Borrower and notified to such Additional Revolving Lender and (iii) to have
committed to make New Revolving Loans to the Borrower on the Amendment Effective Date
(“Additional Revolving Loans”) in such amounts (not in excess of any such commitment) (the
“Additional Revolving Loans Amount”) as are determined by the Arrangers and the Borrower
and notified to such Additional Revolving Lender. The proceeds of such Additional Revolving Loans
will be used by the Borrower, together, if necessary, with other available cash, to repay in full
the outstanding principal amount of Existing Revolving Loans that are not converted by Converting
Revolving Lenders into New Revolving Loans.

          H. Each Lender other than a New Lender (as defined below), including any Existing Tranche A
Term Lender or Existing Revolving Lender that executes and delivers a Lender Addendum solely in the
capacity of a Tranche A Lender and/or Revolving Lender and not

 

 

specifically as a New Lender, will be deemed to have agreed to the terms of this Amendment but
will not be deemed thereby to have agreed to (i) convert Existing Tranche A Term Loans into New
Tranche A Term Loans, Existing Revolving Commitments into New Revolving Commitments or Existing
Revolving Loans into New Revolving Loans or (ii) to have made any commitment to make New Tranche A
Term Loans, New Revolving Commitments or New Revolving Loans.

          I. The Lenders are willing, subject to the terms and conditions set forth in this Amendment,
to effect such amendments to the Credit Agreement.

          J. The Converting Tranche A Term Lenders and the Additional Tranche A Term Lenders
(collectively, the “New Tranche A Term Lenders”) are severally willing to convert their
Existing Tranche A Term Loans into New Tranche A Term Loans or to make New Tranche A Term Loans, as
the case may be, subject to the terms and conditions set forth in this Amendment.

          K. The Converting Revolving Lenders and the Additional Revolving Lenders (collectively, the
“New Revolving Lenders” and, together with the New Tranche A Term Lenders, the “New
Lenders”) are severally willing to (i) convert their Existing Revolving Commitments into New
Revolving Commitments or to make New Revolving Commitments, as the case may be, and (ii) convert
their Existing Revolving Loans into New Revolving Loans or to make New Revolving Loans, as the case
may be, in each case, subject to the terms and conditions set forth in this Amendment.

          Accordingly, in consideration of the foregoing and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

          SECTION 1. Amendments to the Credit Agreement to the Effect Repricing
Amendments. Effective as of the Amendment Effective Date:

          (a) the definition of each of the following terms in Section 1.01 of the Credit
Agreement is amended to read in its entirety as follows:

     “Applicable Rate” means, for any day (a) with respect to any Tranche B Term
Loan, 0.75% per annum, in the case of an ABR Loan, and 1.75% per annum, in the case of a
Eurodollar Loan, and (b) with respect to any ABR Loan or Eurodollar Loan that is a
Revolving Loan or a Tranche A Term Loan, or with respect to the commitment fees payable
hereunder, as the case may be, the applicable rate per annum set forth below under the
caption “ABR Spread”, “Eurodollar Spread” or “Commitment Fee Rate”, as the case may be,
based upon the Leverage Ratio as of the most recent determination date:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	ABR	 	 	Eurodollar	 	 	Commitment Fee	 
	Leverage Ratio:	 	Spread	 	 	Spread	 	 	Rate	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Category 1	 	 	0.25	%	 	 	1.25	%	 	 	0.375	%
	greater than or equal to
3.75 to 1.00	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Category 2	 	 	0.0	%	 	 	1.00	%	 	 	0.375	%
	greater than or equal to
2.75 to 1.00	 	 	 	 	 	 	 	 	 	 	 	 
	but less than 3.75 to
1.00	 	 	 	 	 	 	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	ABR	 	 	Eurodollar	 	 	Commitment Fee	 
	Leverage Ratio:	 	Spread	 	 	Spread	 	 	Rate	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Category 3	 	 	0.0	%	 	 	0.875	%	 	 	0.375	%
	less than 2.75 to 1.00	 	 	 	 	 	 	 	 	 	 	 	 

     For purposes of the foregoing, (i) the Leverage Ratio shall be determined as of the
end of each fiscal quarter of the Borrower’s fiscal year based upon the consolidated
financial statements delivered pursuant to Section 5.01(a) or (b) and (ii) each change in
the Applicable Rate resulting from a change in the Leverage Ratio shall be effective during
the period commencing on and including the date of delivery to the Administrative Agent of
such consolidated financial statements indicating such change and ending on the date
immediately preceding the effective date of the next such change; provided that the
Leverage Ratio shall be deemed to be greater than 3.75 to 1.00 (A) at any time that an
Event of Default has occurred and is continuing or (B) if the Borrower fails to deliver the
consolidated financial statements required to be delivered by it pursuant to Section
5.01(a) or (b), during the period from the expiration of the time for delivery thereof
until such consolidated financial statements are delivered.

     “Tranche A Term Loans” means a Loan made pursuant to clause (a) of Section
2.01 or, as the context may require, a “Tranche A Term Loan” outstanding hereunder prior to
the Third Refinancing Date.

          (b) Section 1.01 of the Credit Agreement is amended to add definitions of the
following terms in appropriate alphabetical order:

     “Fourth Amendment” means the Fourth Amendment dated as of June 16, 2005, to
this Agreement.

     “Third Refinancing Date” means the date on which Tranche A Term Loans are
made, and Revolving Commitments are established, in each case pursuant to Section 4 of the
Fourth Amendment.

     “Tranche A Undertaking” means, with respect to each Lender, the agreement, if
any, of such Lender to make, or convert an existing term loan into, a Tranche A Term Loan
pursuant to Section 4 of the Fourth Amendment on the Third Refinancing Date. The amount of
each Lender’s Tranche A Undertaking is set forth on Schedule 2.01.

          (c) The definition of the term “Revolving Commitment” in Section 1.01 of the Credit
Agreement is amended by deleting the last sentence thereof in its entirety and replacing such
sentence with a sentence that reads as follows: “The aggregate amount of the Lenders’ Revolving
Commitments on the Third Refinancing Date is $100,000,000.”

          (d) The definition of the term “Refinancing Date” in Section 1.01 of the Credit
Agreement is deleted and all references to such term in the Credit Agreement are amended to be
references to the term “Third Refinancing Date”.

          (e) The definitions of the terms “New Tranche A Lender” and “Tranche A Commitment”
in Section 1.01 of the Credit Agreement are deleted.

 

 

     (f) Section 2.01 of the Credit Agreement is amended to read as follows:

     “SECTION 2.01. Commitments. (a) Subject to the terms and conditions set
forth in the Fourth Amendment, each Lender has agreed to make, or acquire through
conversion of existing term loans, a Tranche A Term Loan to the Borrower on the Third
Refinancing Date in a principal amount equal to its Tranche A Undertaking.

     (b) Subject to the terms and conditions set forth in the Fourth Amendment, each
Lender has agreed to make, or acquire through conversion of existing term loans, a Tranche
B Term Loan to the Borrower on the Second Refinancing Date in a principal amount equal to
its Tranche B Undertaking.

     (c) Subject to the terms and conditions set forth herein, each Lender agrees to make
Revolving Loans to the Borrower from time to time during the Revolving Availability Period
in an aggregate principal amount that will not (after giving effect to any concurrent use
of the proceeds thereof to repay Swingline Loans or LC Disbursements) result in such
Lender’s Revolving Exposure exceeding such Lender’s Revolving Commitment. Within the
foregoing limits and subject to the terms and conditions set forth herein, the Borrower may
borrow, prepay and reborrow Revolving Loans.

     (d) Amounts repaid in respect of Term Loans may not be reborrowed.”

     (g) Section 2.08(a) of the Credit Agreement is amended to read as follows:

     “SECTION 2.08. Termination and Reduction of Commitments. (a) The Tranche A
Undertakings shall terminate at 5:00 p.m., New York City time, on the Third Refinancing
Date. The Tranche B Undertakings terminated at 5:00 p.m., New York City time, on the
Second Refinancing Date, and the Revolving Commitments shall terminate on the Revolving
Maturity Date.”

          (h) Section 2.10(a) of the Credit Agreement is amended to read in its entirety as
follows:

     “(a) Subject to adjustment pursuant to paragraph (d) of this Section 2.10,
the Borrower shall repay Tranche A Term Borrowings on each date set forth below in
an amount equal to the percentage of the aggregate principal amount of the Tranche
A Loans made on the Third Refinancing Date set forth opposite such date (each such
date being called an “Installment Date”):

	 	 	 	 	 
	 	 	Percentage of	 
	 	 	Principal Amount	 
	Date	 	to be Repaid	 
	June 30, 2005
	 	 	3.3520	%
	September 30, 2005
	 	 	3.3520	%
	December 31, 2005
	 	 	4.1899	%
	March 31, 2006
	 	 	4.1899	%
	June 30, 2006
	 	 	4.1899	%
	September 30, 2006
	 	 	4.1899	%
	December 31, 2006
	 	 	5.5866	%

 

 

	 	 	 	 	 
	 	 	Percentage of	 
	 	 	Principal Amount	 
	Date	 	to be Repaid	 
	March 31, 2007
	 	 	5.5866	%
	June 30, 2007
	 	 	5.5866	%
	September 30, 2007
	 	 	5.5866	%
	December 31, 2007
	 	 	5.8659	%
	March 31, 2008
	 	 	5.8659	%
	June 30, 2008
	 	 	5.8659	%
	September 30, 2008
	 	 	5.8659	%
	December 31, 2008
	 	 	7.6816	%
	March 31, 2009
	 	 	7.6816	%
	June 30, 2009
	 	 	7.6816	%
	Tranche A Maturity Date
	 	 	7.6816	%

          (i) Section 2.11(f) of the Credit Agreement is amended by replacing the proviso to
the second sentence thereof with a new proviso that reads as follows: “provided that, (i)
the proceeds of the Tranche A Term Loans made on the Third Refinancing Date, together with such
additional amounts as may be necessary, shall be applied to the repayment of all Tranche A Term
Loans outstanding immediately prior to the Third Refinancing Date, (ii) the proceeds of the Tranche
B Term Loans made on the Second Refinancing Date, together with such additional amounts as may be
necessary, shall be applied to the repayment of all Tranche B Term Loans outstanding immediately
prior to the Second Refinancing Date, (iii) 100% of the proceeds of any Revolving Loans incurred by
the Borrower on the Third Refinancing Date prior to the effectiveness of the Fourth Amendment may
be applied by the Borrower to prepay only Tranche A Term Borrowings and (iv) so long as and to the
extent that any Tranche A Term Borrowings remain outstanding, any Tranche B Lender may elect, by
notice to the Administrative Agent by telephone (confirmed by telecopy) at least one Business Day
prior to the prepayment date, to decline all or any portion of any prepayment of its Tranche B Term
Loans pursuant to this Section (other than an optional prepayment pursuant to paragraph (a) of this
Section, which may not be declined), in which case the aggregate amount of the prepayment that
would have been applied to prepay Tranche B Term Loans but was so declined shall be applied to
prepay Tranche A Term Borrowings.”

          (j) Section 5.11 of the Credit Agreement is amended by revising the first sentence
of such Section to read as follows: “The proceeds of the Tranche A Term Loans made on the Third
Refinancing Date will be used only to refinance Tranche A Term Loans outstanding immediately prior
to the Third Refinancing Date and to pay fees and expenses in connection therewith, and the
proceeds of the Tranche B Term Loans made on the Second Refinancing Date will be used only to
refinance Tranche B Term Loans outstanding immediately prior to the Second Refinancing Date and to
pay fees and expenses in connection therewith.”

          (k) Schedule 2.01 of the Credit Agreement is deleted and replaced in its entirety
with a new Schedule 2.01 (the “New Schedule 2.01”) that will, upon completion of the
allocations of Tranche A Undertakings and New Revolving Commitments in accordance with the terms
hereof, set forth each Lender’s Tranche A Undertaking, Tranche B Undertaking and New Revolving
Commitment, and shall be furnished to each New Lender promptly upon the completion of such
allocations.

          SECTION 2. Amendments to the Credit Agreement to Effect the Financing
Amendments. Effective as of the Amendment Effective Date:

 

 

          (a) the definition of each of the following terms in Section 1.01 of the Credit
Agreement is amended to read in its entirety as follows:

     “Asset Disposition” means (a) any sale, transfer or other disposition
(including pursuant to a sale and leaseback transaction but excluding any sale of
Securitization Assets pursuant to a Securitization) of any property or asset of the
Borrower or any Subsidiary and the receipt by the Borrower or any Subsidiary Loan Party of
any dividend or distribution from any Unrestricted Subsidiary representing proceeds from
the disposition by such Unrestricted Subsidiary of assets outside the ordinary course of
business or from the sale of any Equity Interests in such Unrestricted Subsidiary, other
than (i) dispositions described in clauses (a), (b), (c), (d) and (e) of Section 6.05 and
(ii) other dispositions and dividends or distributions resulting in aggregate Net Proceeds
not exceeding $15,000,000 during any fiscal year of the Borrower, (b) any casualty or other
insured damage to, or any taking under power of eminent domain or by condemnation or
similar proceeding of, any property or asset of the Borrower or any Subsidiary, but only to
the extent that the Net Proceeds therefrom have not been applied to repair, restore or
replace such property or asset within 365 days after such event and (c) any transfer of
Securitization Assets in a Securitization (and any subsequent transfer of Securitization
Assets that results in any increase in the aggregate funded amount of any Securitization
over the greatest aggregate funded amount previously outstanding thereunder),
provided that a Prepayment Event shall only exist with respect to a Securitization
to the extent the aggregate funded amount of all such Securitizations outstanding at the
time of determination exceeds the aggregate amount of prepayments of Term Loans previously
made hereunder in respect of Securitizations.

     “Borrower’s Portion of Excess Cash Flow” means, with respect to Excess Cash
Flow (a) in respect of any fiscal year ending prior to December 31, 2005, 50% of the amount
of such Excess Cash Flow and (b) in respect of any fiscal year ending on or after December
31, 2005, (i) if the Leverage Ratio as of the end of such fiscal year is less than 5.00 to
1.00, 100% of the amount of such Excess Cash Flow and (ii) otherwise, 50% of the amount of
such Excess Cash Flow.

     “Consolidated Cash Interest Expense” means, for any period, the excess of (a)
the sum of (i) the interest expense (including imputed interest expense in respect of
Capital Lease Obligations) of Holdings, the Borrower and the Subsidiaries for such period,
determined on a consolidated basis in accordance with GAAP, plus (ii) any cash payments
made during such period in respect of obligations referred to in clause (b)(iii) below that
were amortized or accrued in a previous period, plus (iii) the amount of dividends paid by
Holdings during such period pursuant to Section 6.08(a)(viii), plus (iv) to the extent not
otherwise included in the interest expense of Holdings, the Borrower and the Subsidiaries
for such period, commissions, discounts, yield, loss on sales and other fees and charges
during such period in connection with any Securitizations payable to any person other than
Holdings, the Borrower and the Subsidiaries, minus (b) the sum of (i) interest
income of Holdings, the Borrower and the Subsidiaries for such period, determined on a
consolidated basis in accordance with GAAP, plus (ii) to the extent included in such
consolidated interest expense for such period, amounts attributable to amortization of
financing costs, plus (iii) to the extent included in such consolidated interest expense
for such period, non-cash amounts attributable to amortization of debt discounts or accrued
interest payable in kind for such period, plus (iv) to the extent included in such
consolidated interest expense for such period, amounts attributable to premiums paid,
prepayment fees or penalties related to the repayment of Indebtedness,

 

 

plus (v) to the extent included in the interest expense of Holdings, the Borrower and
the Subsidiaries for such period, any one time financing fees upon entering into any
Securitization. For purposes of the foregoing, interest expense of any Person shall be
determined after giving effect to any net payments made or received by such Person with
respect to interest rate Swap Agreements (other than early termination payments).

     “Material Subsidiary” means (i) any Securitization Vehicle and (ii) any other
Subsidiary, including its subsidiaries, which meets any of the following conditions: (a)
Holdings’, the Borrower’s and the other Subsidiaries’ investments in and advances to such
Subsidiary exceed 5% of the consolidated total assets of Holdings and the Subsidiaries as
of the end of the most recently completed fiscal year, (b) the consolidated assets of such
Subsidiary exceed 5% of the consolidated total assets of Holdings and the Subsidiaries as
of the end of the most recently completed fiscal year or (c) the consolidated pre-tax
income from continuing operations of such Subsidiary for the most recently ended period of
four consecutive fiscal quarters exceeds 5% of the consolidated pre-tax income from
continuing operations of Holdings and the Subsidiaries for such period.

     “Permitted Business” means the telephone and internet directory services
businesses and businesses reasonably related, incidental or ancillary thereto and in the
case of any Securitization Vehicle, Securitizations.

     “Subsidiary Loan Party” means any Subsidiary other than the Borrower that is
not (x) a Foreign Subsidiary or (y) a Securitization Vehicle.

          (b) Section 1.01 of the Credit Agreement is amended to add definitions of the
following terms in appropriate alphabetical order:

     “Securitization” means any transaction or series of transactions entered into
by the Borrower or any Subsidiary pursuant to which the Borrower or such Subsidiary, as the
case may be, sells, conveys or otherwise transfers to a Securitization Vehicle
Securitization Assets of the Borrower or such Subsidiary (or grants a security interest in
such Securitization Assets transferred or purported to be transferred to such
Securitization Vehicle), and which Securitization Vehicle finances the acquisition of such
Securitization Assets (i) with proceeds from the issuance of Third Party Interests, (ii)
with Sellers’ Retained Interests or (iii) with proceeds from the sale or collection of
Securitization Assets previously purchased by such Securitization Vehicle.

     “Securitization Assets” means any accounts receivable owed to or owned by the
Borrower or any Subsidiary (whether now existing or arising or acquired in the future)
arising in the ordinary course of business from the sale of goods or services, all
collateral securing such accounts receivable, all contracts and contract rights and all
guarantees or other obligations in respect of such accounts receivable, all proceeds of
such accounts receivable and other assets (including contract rights) which are of the type
customarily transferred in connection with securitizations of accounts receivable and which
are sold, transferred or otherwise conveyed by the Borrower or a Subsidiary to a
Securitization Vehicle in connection with a Securitization permitted by Section 6.05.

     “Securitization Vehicle” means a Person that is a direct wholly owned
Subsidiary of the Borrower or a Subsidiary formed for the purpose of effecting one or more
Securitizations to which the Borrower or its Subsidiaries transfer Securitization Assets

 

 

and which, in connection therewith, issues Third Party Interests or Sellers’ Retained
Interests; provided that such Securitization Vehicle shall engage in no business
other than the purchase of Securitization Assets pursuant to Securitizations permitted by
Section 6.05, the issuance of Third Party Interests or other funding of such
Securitizations and any activities reasonably related thereto, and provided further that

(x)      no portion of the Indebtedness or any other obligations (contingent or
otherwise) of such Securitization Vehicle (i) is guaranteed by the Borrower or any
Subsidiary (excluding guarantees of obligations (other than the principal of and
interest on Indebtedness) pursuant to Standard Securitization Undertakings), (ii)
is recourse to or obligates the Borrower or any other Subsidiary of the Borrower in
any way other than pursuant to Standard Securitization Undertakings, or (iii)
subjects any property or asset of the Borrower or any other Subsidiary of the
Borrower, directly or indirectly, contingently or otherwise, to the satisfaction
thereof, other than pursuant to Standard Securitization Undertakings;

(y)      neither the Borrower nor any Subsidiary has any material contract, agreement,
arrangement or understanding with such Securitization Vehicle other than on terms
which the Borrower reasonably believes to be no less favorable to the Borrower or
such Subsidiary than those that might be obtained at the time from Persons that are
not Affiliates of the Borrower; and

(z)      neither the Borrower nor any Subsidiary has any obligation to maintain or
preserve such Securitization Vehicle’s financial condition or cause such
Securitization Vehicle to achieve certain levels of operating results.

     “Sellers’ Retained Interests” means the debt or equity interests held by the
Borrower or any Subsidiary in a Securitization Vehicle to which Securitization Assets have
been transferred in a Securitization permitted by Section 6.05, including any such debt or
equity received in consideration for the Securitization Assets transferred.

     “Standard Securitization Undertakings” means representations, warranties,
covenants, indemnities and guarantees of performance entered into by the Borrower or any
Subsidiary which the Borrower has determined in good faith to be customary in a
Securitization, including those relating to the servicing of the assets of a Securitization
Vehicle.

     “Third Party Interests” means, with respect to any Securitization, notes,
bonds or other debt instruments, beneficial interests in a trust, undivided ownership
interests in receivables or other securities issued for cash consideration by the relevant
Securitization Vehicle to banks, financing conduits, investors or other financing sources
(other than Holdings and the Subsidiaries) the proceeds of which are used to finance, in
whole or in part, the purchase by such Securitization Vehicle of Securitization Assets in a
Securitization. The amount of any Third Party Interests shall be deemed to equal the
aggregate principal, stated or invested amount of such Third Party Interests which are
outstanding at such time.

          (c) The first sentence of Section 2.11(d) of the Credit Agreement is amended to read
as follows:

 

 

     “Following the end of each fiscal year of the Borrower, commencing with the fiscal
year ending December 31, 2004, the Borrower will prepay Term Borrowings in an aggregate
amount equal to (i) 50% of Excess Cash Flow for such fiscal year less (ii) any voluntary
prepayments of Term Loans made pursuant to Section 2.11(a) during such fiscal year;
provided that, with respect to each such fiscal year ending on or after December
31, 2005, no such prepayment of Term Borrowings shall be required if the Leverage Ratio as
of the end of such fiscal year is less than 5.0 to 1.0.”

          (d) Section 6.01(a) of the Credit Agreement is amended by (i) redesignating
paragraphs (x) and (xi) thereunder as paragraphs (xi) and (xii), respectively, and (ii) adding a
new paragraph (x) to read as follows:

     “(x)      Third Party Interests issued by Securitization Vehicles in Securitizations
permitted by Section 6.05, and Indebtedness represented by such Third Party Interests and
Indebtedness consisting of Standard Securitization Undertakings, provided that the
aggregate amount of such Third Party Interests shall not exceed $232,000,000 at any time
outstanding;”.

          (e) Section 6.01(b) of the Credit Agreement is amended to read as follows:

     “(b)      Neither Holdings nor the Borrower will, nor will they permit any Subsidiary to,
issue any preferred stock or other preferred Equity Interests, other than (i) Non-Cash Pay
Preferred Stock of Holdings and (ii) Third Party Interests issued by Securitization
Vehicles.”

          (f) Section 6.02(a) of the Credit Agreement is amended by (i) deleting the word
“and” at the end of paragraph (v) thereunder, (ii) redesignating paragraph (vi) thereunder as
paragraph (vii) and (iii) adding a new paragraph (vi) to read as follows:

     “(vi) Liens in favor of any Securitization Vehicle or any collateral agent on
Securitization Assets transferred or purported to be transferred to such Securitization
Vehicle in connection with Securitizations permitted by Section 6.05; and”.

          (g) Section 6.04 of the Credit Agreement is amended by (i) deleting the word “and”
at the end of paragraph (l) thereunder, (ii) redesignating paragraph (m) thereunder as paragraph
(n) and changing all references in the Credit Agreement to “Section 6.04(m)” to “Section 6.04(n)”
and (iii) adding a new paragraph (m) to read as follows:

     “(m) Investments consisting of Sellers’ Retained Interests in Securitizations
permitted by Section 6.05; and”.

          (h) The first sentence of Section 6.05 is amended by adding the words “and any sale
of Securitization Assets in connection with a Securitization” immediately after the words “any
Equity Interest owned by it”.

          (i) Section 6.05 of the Credit Agreement is amended by (i) deleting the word “and”
at the end of paragraph (f) thereunder, (ii) redesignating paragraph (g) thereunder as paragraph
(h) and (iii) adding a new paragraph (g) to read as follows:

     “(g) sales of Securitization Assets to one or more Securitization Vehicles in
Securitizations; provided that (i) each such Securitization is effected on market
terms as

 

 

reasonably determined by the management of the Borrower, (ii) the aggregate amount of
Third Party Interests in respect of all such Securitizations does not exceed $232,000,000
at any time outstanding, (iii) the proceeds to each such Securitization Vehicle from the
issuance of Third Party Interests are applied substantially simultaneously with receipt
thereof to the purchase from the Borrower or Subsidiaries of Securitization Assets and an
amount equal to 100% of the Net Proceeds from each such Securitization is applied to the
mandatory repayment of Term Loans in accordance with Section 2.11(c) and (iv) the Equity
Interests and Sellers’ Retained Interests in respect of each such Securitization Vehicle
shall be pledged to the Collateral Agent under the Collateral Agreement; and”

          (j) Section 6.07 of the Credit Agreement is amended by (i) replacing the word “and”
at the end of clause (b) thereunder with a comma, (ii) redesignating clause (c) thereunder as
clause (d) and (iii) adding a new clause (c) to read as follows:

     “(c) Swap Agreements required by any Securitization and”.

          (k) Section 6.08(a)(vii) of the Credit Agreement is amended by replacing the value
“$40,600,000” with “$58,000,000”.

          (l) Section 6.09 of the Credit Agreement is amended by (i) replacing the word “and”
at the end of clause (j) thereunder with a comma, (ii) redesignating clause (k) thereunder as
clause (l) and (iii) adding a new clause (k) to read as follows:

     “(k) sales of Securitization Assets to Securitization Vehicles and other transactions
effected as part of Securitizations permitted by Section 6.05, and”

          (m) Section 6.10(a) of the Credit Agreement is amended by (i) replacing the word
“and” at the end of clause (vii) thereunder with a comma, (ii) redesignating clause (viii)
thereunder as clause (ix) and (iii) adding a new clause (viii) to read as follows:

     “(viii) the foregoing shall not apply to customary restrictions contained in any
documents relating to any Securitizations, provided that such restrictions only
apply to the applicable Securitization Vehicle and its assets and”.

          (n) Article VI of the Credit Agreement is amended by adding a new Section 6.24 to
read as follows:

     “SECTION 6.24 Commingling of Accounts. Each of Holdings and the Borrower
will not, nor will it cause or permit any Subsidiary to, commingle amounts relating to
Securitization Assets sold pursuant to a Securitization with cash or any other amounts of
Holdings, the Borrower and the Subsidiaries other than the temporary commingling of
collections on and proceeds of any accounts receivable or related assets of the Borrower
and its Subsidiaries, in each case as may be necessary to identify and sort such
collections and proceeds.”

          (o) Article VIII of the Credit Agreement is amended by adding a new paragraph to the
end of such Article to read as follows:

     “Each party hereto authorizes the Agent to enter into customary intercreditor
agreements in connection with Securitizations permitted under this Agreement.”

 

 

          SECTION 3. Representations and Warranties. To induce the other parties
hereto to enter into this Amendment, each of the Borrower, the Parent and Holdings represents and
warrants to each of the Lenders, the Additional Tranche A Term Lenders, the Additional Revolving
Lenders and the Agent that, as of the Amendment Effective Date:

          (a) This Amendment has been duly authorized, executed and delivered by it and each
of this Amendment and the Credit Agreement, as amended and restated hereby, constitutes its valid
and binding obligation, enforceable against it in accordance with its 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) The representations and warranties set forth in Article III of the Credit
Agreement are true and correct in all material respects on and as of the Amendment Effective Date
with the same effect as though made on and as of the Amendment Effective Date, except to the extent
such representations and warranties expressly relate to an earlier date (in which case such
representations and warranties were true and correct in all material respects as of such earlier
date); provided that the foregoing representation is made by the Parent only in respect of
the representations and warranties set forth in Sections 3.01, 3.02, 3.03, 3.08, 3.09 and 3.12 of
the Credit Agreement.

          (c) No Default or Event of Default has occurred and is continuing.

          SECTION 4. New Tranche A Term Loans; New Revolving Commitments; and New
Revolving Loans. (a) Subject to the terms and conditions set forth herein, (i) each
Converting Tranche A Term Lender agrees to convert its Existing Tranche A Term Loans into New
Tranche A Term Loans on the Amendment Effective Date in amounts equal to its Tranche A Undertaking,
(ii) each Additional Tranche A Term Lender agrees to make New Tranche A Term Loans to the Borrower
on the Amendment Effective Date in amounts equal to its Tranche A Undertaking, (iii) each
Converting Revolving Lender agrees to convert its Existing Revolving Commitments into New Revolving
Commitments on the Amendment Effective Date in amounts equal to its New Revolving Commitments, as
set forth in the New Schedule 2.01, (iv) each Additional Revolving Lender agrees to make New
Revolving Commitments to the Borrower on the Amendment Effective Date in amounts equal to its New
Revolving Commitments, as set forth in the New Schedule 2.01, (v) each Converting Revolving Lender
agrees to convert its Existing Revolving Loans into New Revolving Loans on the Amendment Effective
Date in amounts equal to its Converted Revolving Loans Amount and (vi) each Additional Revolving
Lender agrees to make New Revolving Loans to the Borrower on the Amendment Effective Date in
amounts equal to its Additional Revolving Loans Amount. Each Additional Tranche A Term Lender will
make New Tranche A Term Loans and each Additional Revolving Lender will make New Revolving Loans on
the Amendment Effective Date by transferring to the Agent, in the manner contemplated by Section
2.06 of the Credit Agreement, an amount equal to the amount of its Tranche A Undertaking or
Additional Revolving Loans Amount, respectively. Any portion of an Existing Tranche A Term Loan
converted by a Converting Tranche A Term Lender into a New Tranche A Term Loan as contemplated
hereby is referred to herein as a “Converted Tranche A Term Loan”, any portion of an
Existing Revolving Commitment converted by a Converting Revolving Lender into a New Revolving
Commitment as contemplated hereby is referred to herein as a “Converted Revolving
Commitment” and any portion of an Existing Revolving Loan converted by a Converting Revolving
Lender into a New Revolving Loan as contemplated hereby is referred to herein as a “Converted
Revolving Loan”. The “Tranche A Undertaking” (i) of any Converting Tranche A Term
Lender will be such amount of its Existing Tranche A Term Loans

 

 

to be converted into an equal amount of New Tranche A Term Loans, as is determined by the
Arrangers and the Borrower and notified to such Lender prior to the Amendment Effective Date, and
(ii) of any Additional Tranche A Term Lender will be the amount (not exceeding any commitment
offered by such Additional Tranche A Term Lender) allocated to it by the Arrangers and the Borrower
and notified to it prior to the Amendment Effective Date. The New Schedule 2.01 will separately
set forth (i) the Tranche A Undertaking of each Converting Tranche A Term Lender, (ii) the Tranche
A Undertaking of each Additional Tranche A Term Lender, (iii) the New Revolving Commitment of each
Converting Revolving Lender and (iv) the New Revolving Commitment of each Additional Revolving
Lender. The commitments of the Additional Tranche A Term Lenders and the conversion undertakings
of the Converting Tranche A Term Lenders are several and no such Lender will be responsible for any
other Lender’s failure to make or acquire by conversion New Tranche A Term Loans. The commitments
of the Additional Revolving Lenders and the conversion undertakings of the Converting Revolving
Lenders are several and no such Lender will be responsible for any other Lender’s failure to make
or acquire by conversion New Revolving Commitments or New Revolving Loans. Each New Revolving Loan
made pursuant to this Section 4 shall be deemed to be made under Section 2.01(c) of the Credit
Agreement.

          (b) Notwithstanding anything herein or in the Credit Agreement to the contrary, (i)
the aggregate principal amount of the New Tranche A Term Loans will not exceed the aggregate
principal amount of the Existing Tranche A Term Loans immediately prior to the Amendment Effective
Date, (ii) the aggregate amount of the New Revolving Commitments will not exceed the aggregate
amount of the Existing Revolving Commitments immediately prior to the Amendment Effective Date,
(iii) the aggregate amount of the New Revolving Loans will not exceed the aggregate amount of the
Existing Revolving Loans immediately prior to the Amendment Effective Date and (iv) the Converted
Revolving Loans Amount or Additional Revolving Loans Amount, as applicable, of each New Revolving
Lender shall be equal to the Pro Rata Percentage of the amount of such New Revolving Lender’s New
Revolving Commitment. For purposes hereof, the “Pro Rata Percentage” shall be equal to the
quotient obtained by dividing (i) the aggregate amount of New Revolving Loans by (ii) the aggregate
amount of New Revolving Commitments.

          (c) The obligation of each New Tranche A Term Lender to make or acquire by
conversion New Tranche A Term Loans, and the obligation of each New Revolving Lender to make or
acquire by conversion New Revolving Commitments and New Revolving Loans, in each case on the
Amendment Effective Date, is subject to the satisfaction of the following conditions:

     (i) The conditions set forth in Section 4.02 of the Credit Agreement shall
be satisfied on and as of the Amendment Effective Date, and the Agent shall have received a
certificate of a Financial Officer, dated the Amendment Effective Date, to such effect.

     (ii) The Agent shall have received a favorable legal opinion of Latham &
Watkins LLP, counsel to the Borrower, Holdings and the Parent, addressed to the Agent and
the New Lenders and dated the Amendment Effective Date, covering such matters relating to
the New Loans, the New Revolving Commitments, this Amendment, the Credit Agreement as
amended hereby, and the other Loan Documents and security interests thereunder as the Agent
may reasonably request, and such opinion shall be reasonably satisfactory to the Agent.

     (iii) The Agent shall have received such documents and certificates as the
Agent or its counsel may reasonably request relating to the organization, existence and
good

 

 

standing of each Loan Party, the authorization of this Amendment and the transactions
contemplated hereby and any other legal matters relating to the Loan Parties, this
Amendment, the other Loan Documents and the transactions contemplated hereby, all in form
and substance reasonably satisfactory to the Agent.

     (iv) To the extent deemed necessary or appropriate by the Agent, each
Security Document shall have been amended to provide the benefits thereof to the New
Tranche A Term Lenders and the New Revolving Lenders on the same basis as such benefits are
provided to the existing Tranche A Term Lenders and the Existing Revolving Lenders,
respectively.

     (v) Each Loan Party that has not executed and delivered this Amendment shall
have entered into a written instrument reasonably satisfactory to the Agent pursuant to
which it confirms that it consents to this Amendment and the New Loans and New Revolving
Commitments and that the Security Documents to which it is party will continue to apply in
respect of the Credit Agreement, as amended hereby, and the Obligations of such Loan Party.

     (vi) The aggregate amount of the Tranche A Undertakings of the Additional
Tranche A Term Lenders, plus the amount of any cash available to be used to prepay Existing
Tranche A Term Loans, shall equal or exceed the aggregate principal amount of the Existing
Tranche A Term Loans other than Converted Tranche A Term Loans.

     (vii) The aggregate amount of the Additional Revolving Commitments of the
Additional Revolving Lenders shall equal or exceed the aggregate amount of the Existing
Revolving Commitments other than Converted Revolving Commitments.

     (viii) The aggregate amount of the New Revolving Loans of the Additional
Revolving Lenders, plus the amount of any cash available to be used to prepay Existing
Revolving Loans, shall equal or exceed the aggregate principal amount of the Existing
Revolving Loans other than Converted Revolving Loans.

     (ix) The Agent shall have received evidence that the Borrower has made the
payments referred to in Section 4(e) or is making such payments on the Amendment Effective
Date with the proceeds of the Additional Tranche A Term Loans and Additional Revolving
Loans and such other funds as may be required.

     (x) There shall be no outstanding unreimbursed LC Disbursements on the
Amendment Effective Date.

     (xi) The conditions to effectiveness of this Amendment set forth in Section
5 hereof shall have been satisfied.

          (d) All New Tranche A Term Loan Eurodollar Borrowings and New Revolving Loan
Eurodollar Borrowings made on the Amendment Effective Date shall have initial Interest Periods
ending on the same dates as the Interest Periods applicable to the Existing Tranche A Term Loan
Borrowings and the Existing Revolving Loan Borrowings, respectively, being refinanced, and the
Adjusted LIBO Rates applicable to such New Tranche A Term Loan Borrowings and such New Revolving
Loan Borrowings during such initial Interest Periods shall be the same as those applicable to the
Existing Tranche A Term Loan Borrowings and Existing Revolving Loan Borrowings, respectively, being
refinanced. For purposes of the foregoing, such

 

 

Interest Periods shall be assigned (i) to the Additional Tranche A Term Loans of each
Additional Tranche A Term Lender in the same proportion that such Interest Periods applied to the
Existing Tranche A Term Loans on the Amendment Effective Date and (ii) to the Additional Revolving
Loans of each Additional Revolving Lender in the same proportion that such Interest Periods applied
to the Existing Revolving Loans on the Amendment Effective Date. The Borrower will not be required
to make any payments to Converting Tranche A Term Lenders and Converting Revolving Lenders under
Section 2.16 of the Credit Agreement in connection with the conversion of their Existing Tranche A
Term Loans into New Tranche A Term Loans and Existing Revolving Loans into New Revolving Loans,
respectively.

          (e) On the Amendment Effective Date, the Borrower shall apply the proceeds of the
Additional Tranche A Term Loans, the Additional Revolving Loans and such other amounts as may be
necessary to (i) prepay in full all Existing Tranche A Term Loans (other than Converted Tranche A
Term Loans), (ii) prepay in full all Existing Revolving Loans (other than Converted Revolving
Loans), (iii) pay all accrued and unpaid interest on all Existing Tranche A Term Loans and Existing
Revolving Loans, (iv) pay to each Tranche A Lender and Revolving Lender all amounts payable
pursuant to Section 2.16 of the Credit Agreement as a result of the prepayment of such Lender’s
Existing Tranche A Term Loans and/or Existing Revolving Loans (other than Converted Tranche A Term
Loans and Converted Revolving Loans) and all other Obligations then due and owing to such Lenders
under the Credit Agreement in their capacities as such and (iv) pay to each Existing Revolving
Lender (including each Converting Revolving Lender) all accrued and unpaid commitment fees payable
pursuant to Section 2.12(a) of the Credit Agreement, all accrued and unpaid participation fees
payable pursuant to Section 2.12(b) and all other Obligations then due and owing to such Lenders
under the Credit Agreement in their capacities as such.

          (f) On the Amendment Effective Date, each Issuing Bank that has issued a Letter of
Credit prior to the Amendment Effective Date and set forth on Schedule 4(f) hereto (an
“Existing Letter of Credit”) shall be deemed, without further action by any New Revolving
Lender or any other party hereto or to the Credit Agreement, to have granted to each New Revolving
Lender and each New Revolving Lender shall have been deemed to have purchased from such Issuing
Bank a participation in such Letter of Credit in accordance with Section 2.05(d) of the Credit
Agreement. Concurrently with such grant, the participations in the Existing Letters of Credit
granted to the Existing Revolving Lenders under the Credit Agreement shall be automatically
canceled without further action by any of the parties thereto. On and after the Amendment
Effective Date, each Existing Letter of Credit shall constitute a Letter of Credit for all purposes
of the Credit Agreement.

          (g) On and after the Amendment Effective Date, each reference in the Credit
Agreement to “Tranche A Term Loans” shall be deemed a reference to the New Tranche A Term Loans
contemplated hereby and each reference to “Revolving Commitments” shall be deemed a reference to
the New Revolving Commitments contemplated hereby. Notwithstanding the foregoing, the provisions
of the Credit Agreement with respect to indemnification, reimbursement of costs and expenses,
increased costs and break funding payments shall continue in full force and effect with respect to,
and for the benefit of, each Lender that was a Tranche A Lender or a Revolving Lender, as the case
may be, prior to the Amendment Effective Date, but that is not a New Lender.

          SECTION 5. Effectiveness of Amendment. This Amendment shall become
effective as of the first date (the “Amendment Effective Date”) on which the following
conditions have been satisfied:

 

 

     (i) The Agent (or its counsel) shall have received duly executed
counterparts hereof that, when taken together, bear the signatures of (A) the Borrower, the
Parent and Holdings, (B) the Required Lenders, (C) each New Lender and (D) Tranche B
Lenders holding more than 50% of the aggregate principal amount of outstanding Tranche B
Term Loans outstanding immediately prior to the effectiveness of this Amendment.

     (ii) The conditions set forth in Section 4(c) hereof shall have been
satisfied and the Borrower shall have made the payments required to be made by Section 4(e)
hereof.

     (iii) To the extent invoiced, the Agent shall have received payment or
reimbursement of its reasonable out-of-pocket expenses in connection with this Amendment
and any other out-of-pocket expenses of the Agent required to be paid or reimbursed
pursuant to the Credit Agreement, including the reasonable fees, charges and disbursements
of counsel for the Agent.

          SECTION 6. Effect of Amendment. (a) 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 Agent under the Credit Agreement or
any other Loan 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 of any other Loan Document, all of which are ratified and
affirmed in all respects and shall continue in full force and effect. Nothing herein shall be
deemed to entitle the Borrower to a consent to, or a waiver, amendment, modification or other
change of, any of the terms, conditions, obligations, covenants or agreements contained in the
Credit Agreement or any other Loan Document in similar or different circumstances.

          (b) On and after the Amendment Effective Date, each reference in the Credit
Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import, and each
reference to the Credit Agreement in any other Loan Document shall be deemed a reference to the
Credit Agreement as amended hereby. This Amendment shall constitute a “Loan Document” for all
purposes of the Credit Agreement and the other Loan Documents.

          SECTION 7. Governing Law. This Amendment shall be governed by and construed
in accordance with the laws of the State of New York.

          SECTION 8. Costs and Expenses. The Borrower agrees to reimburse the Agent
for its reasonable out of pocket expenses in connection with this Amendment, including the
reasonable fees, charges and disbursements of counsel for the Agent.

          SECTION 9. Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts together shall
constitute but one and the same instrument. Delivery of any executed counterpart of a signature
page of this Amendment by facsimile transmission shall be as effective as delivery of a manually
executed counterpart hereof.

          SECTION 10. Headings. The headings of this Amendment are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof.

 

 

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

	 	 	 	 	 
	 	DEX MEDIA WEST LLC,

	 
	 	 	by

	 	 
	 	 	/s/ Robert M. Neumeister, Jr.	 
	 	 	Name:  	Robert M. Neumeister, Jr. 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	DEX MEDIA WEST, INC.,

	 
	 	 	by

	 	 
	 	 	/s/ Robert M. Neumeister, Jr.	 
	 	 	Name:  	Robert M. Neumeister, Jr. 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	DEX MEDIA, INC.,

	 
	 	 	by

	 	 
	 	 	/s/ Robert M. Neumeister, Jr.	 
	 	 	Name:  	Robert M. Neumeister, Jr. 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.

(formerly known as JPMorgan Chase Bank),

individually and as Agent,

	 
	 	 	by

	 
	 	 	 	/s/ Thomas H. Kozlark	 
	 	 	 	Name: Thomas H. Kozlark

	 
	 	 	 	Title: Vice President	 
	 

 

 

     LENDER ADDENDUM TO FOURTH AMENDMENT DATED AS
OF JUNE 16, 2005, OF THE DEX MEDIA WEST CREDIT
AGREEMENT DATED AS OF SEPTEMBER 9, 2003, AS
AMENDED.

     This is a Lender Addendum referred to, and is a signature page to, the Fourth Amendment dated
as of June 16, 2005 (the “Amendment”) of the Credit Agreement dated as of September 9,
2003, as amended, among Dex Media, Inc., Dex Media West, Inc., Dex Media West LLC, various Lenders
and JPMorgan Chase Bank, N.A. (formerly known as JPMorgan Chase Bank), as Administrative Agent.
Capitalized terms used but not defined herein have the meanings assigned to them in the Amendment
or the Credit Agreement, as applicable. By executing this Lender Addendum, the undersigned
institution agrees (i) if executing this Lender Addendum in the capacity of a Converting Tranche A
Term Lender, to the terms of the Amendment and, subject to the terms and conditions of the
Amendment, to convert its Existing Tranche A Term Loans into new Tranche A Term Loans on the
Amendment Effective Date in the amount of its Tranche A Undertaking, as reflected with respect to
Converting Tranche A Term Lenders in the New Schedule 2.01, (ii) if executing this Lender Addendum
in the capacity of an Additional Tranche A Term Lender, to the terms of the Amendment and, subject
to the terms and conditions of the Amendment, to make and fund New Tranche A Term Loans on the
Amendment Effective Date in the amount of its Tranche A Undertaking, as reflected with respect to
Additional Tranche A Term Lenders in the New Schedule 2.01, (iii) if executing this Lender Addendum
in the capacity of a Converting Revolving Lender, to the terms of the Amendment and, subject to the
terms and conditions of the Amendment, (x) to convert its Existing Revolving Commitments into New
Revolving Commitments on the Amendment Effective Date in the amount of its New Revolving
Commitments, as reflected with respect to Converting Revolving Lenders in the New Schedule 2.01 and
(y) to convert its Existing Revolving Loans into an amount of New Revolving Loans equal to its
Converted Revolving Loans Amount, (iv) if executing this Lender Addendum in the capacity of an
Additional Revolving Lender, to the terms of the Amendment and, subject to the terms and conditions
of the Amendment, (x) to make New Revolving Commitments on the Amendment Effective Date in the
amount of its New Revolving Commitments, as reflected with respect to Additional Revolving Lenders
in the New Schedule 2.01, and (y) to make and fund New Revolving Loans in an amount equal to its
Additional Revolving Loans Amount and (v) if executing this Lender Addendum in the capacity of a
Tranche B Lender, to the terms of the Amendment.

	 	 	 	 	 
	Name of Institution:

	 	 	 
	 	 	 
	by	 	 
	 	Name:
	 
	 	Title:exv10w6

 

EXHIBIT 10.6

               FIFTH AMENDMENT dated as of June 16, 2005 (this “Amendment”),
to the CREDIT AGREEMENT dated as of November 8, 2002, as amended and
restated as of July 27, 2004 (as amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among DEX
MEDIA, INC., DEX MEDIA EAST, INC., DEX MEDIA EAST LLC (the
“Borrower”), the lenders from time to time party thereto (the
“Lenders”), JPMORGAN CHASE BANK, N.A. (formerly known as JPMorgan
Chase Bank), as administrative agent and collateral agent (in such
capacities, the “Agent”), and J.P. MORGAN SECURITIES INC. and BANC
OF AMERICA SECURITIES LLC, as Joint Bookrunners and Co-Lead Arrangers.

          A. Capitalized terms used herein and not otherwise defined herein shall have the meanings
assigned to such terms in the Credit Agreement.

          B. The Borrower, the Parent and Holdings have requested that the Credit Agreement be amended
(the “Financing Amendments”) so as to (i) permit the Borrower to engage in securitization
transactions not exceeding $168,000,000 in the aggregate at any time and (ii) modify the Borrower’s
and Holding’s ability to make Restricted Payments.

          C. The Borrower, the Parent and Holdings have further requested that the Credit Agreement be
amended (the “Repricing Amendments”) so as to provide for (i) a new tranche of term loans
thereunder (the “New Tranche A Term Loans”), the proceeds of which, together, if necessary,
with other available funds of the Borrower, will be used to refinance all currently outstanding
Tranche A Term Loans and which, except as revised hereby, will have the same terms as the currently
outstanding Tranche A Term Loans under the Credit Agreement, (ii) the establishment of new
commitments to make Revolving Loans and to acquire participations in Letters of Credit and
Swingline Loans under the Credit Agreement (the “New Revolving Commitments”), which will
replace all existing Revolving Commitments and which, except as revised hereby, will have the same
terms as the existing Revolving Commitments, (iii) new revolving loans thereunder (the “New
Revolving Loans” and, together with the New Tranche A Term Loans, the “New Loans”), the
proceeds of which, together, if necessary, with other available funds of the Borrower, will be used
to refinance all currently outstanding Revolving Loans and which, except as revised hereby, will
have the same terms as the currently outstanding Revolving Loans under the Credit Agreement and
(iv) modifications to the Applicable Rate for New Tranche A Term Loans and Revolving Loans payable
under the Credit Agreement.

          D. Each existing Tranche A Lender (an “Existing Tranche A Term Lender”) that executes
and delivers a signature page to this Amendment (a “Lender Addendum”) and agrees to convert
its outstanding Tranche A Term Loans to New Tranche A Term Loans (a “Converting Tranche A Term
Lender”) will be deemed (i) to have agreed to the terms of this Amendment, (ii) to have agreed
to convert its Tranche A Term Loans (“Existing Tranche A Term Loans”) outstanding on the
Amendment Effective Date (as defined herein) into New Tranche A Term Loans in an aggregate
principal amount up to, but not in excess of, the aggregate principal amount of such Existing
Tranche A Term Loans, and (iii) upon the Amendment Effective Date, to have converted such amount of
its Existing Tranche A Term Loans as is determined by J.P. Morgan Securities Inc. and Banc of
America Securities LLC (the “Arrangers”) and the Borrower and notified to such Existing
Tranche A Term Lender into New Tranche A Term Loans in an equal principal amount.

 

 

          E. Each existing Revolving Lender (an “Existing Revolving Lender”) that executes and
delivers a Lender Addendum and agrees to convert (x) its outstanding Revolving Commitments to New
Revolving Commitments and (y) its outstanding Revolving Loans to New Revolving Loans (a
“Converting Revolving Lender”) will be deemed (i) to have agreed to the terms of this
Amendment, (ii) to have agreed to convert its Revolving Commitments (“Existing Revolving
Commitments”) outstanding on the Amendment Effective Date into New Revolving Commitments in an
aggregate amount up to, but not in excess of, the aggregate amount of such Existing Revolving
Commitments, (iii) to have agreed to convert its Revolving Loans (“Existing Revolving
Loans”) outstanding on the Amendment Effective Date into New Revolving Loans in an aggregate
amount up to, but not in excess of, the aggregate amount of such Existing Revolving Loans and (iv)
upon the Amendment Effective Date, to have converted such amount of its Existing Revolving
Commitments and such amount (the “Converted Revolving Loans Amount”) of its Existing
Revolving Loans as is determined by the Arrangers and the Borrower and notified to such Existing
Revolving Lender into New Revolving Commitments and New Revolving Loans, respectively, in an equal
amount.

          F. Each Person (other than a Converting Tranche A Term Lender in its capacity as such) that
executes and delivers a Lender Addendum and agrees to make New Tranche A Term Loans (an
“Additional Tranche A Term Lender”), including any Existing Tranche A Term Lender that
notifies the Arrangers that it does not want to be a Converting Tranche A Term Lender but is
willing to undertake a commitment to make and fund New Tranche A Term Loans, will be deemed (i) to
have agreed to the terms of this Amendment and (ii) to have committed to make New Tranche A Term
Loans to the Borrower on the Amendment Effective Date (“Additional Tranche A Term Loans”),
in such amounts (not in excess of any such commitment) as are determined by the Arrangers and the
Borrower and notified to such Additional Tranche A Term Lender. The proceeds of such Additional
Tranche A Term Loans will be used by the Borrower, together, if necessary, with other available
cash, to repay in full the outstanding principal amount of Existing Tranche A Term Loans that are
not converted by Converting Tranche A Term Lenders into New Tranche A Term Loans.

          G. Each Person (other than a Converting Revolving Lender in its capacity as such) that
executes and delivers a Lender Addendum and agrees to make New Revolving Commitments and New
Revolving Loans (an “Additional Revolving Lender”), including any Existing Revolving Lender
that notifies the Arrangers that it does not want to be a Converting Revolving Lender but is
willing to undertake a commitment to make New Revolving Commitments and New Revolving Loans, will
be deemed (i) to have agreed to the terms of this Amendment, (ii) to have committed to make New
Revolving Commitments to the Borrower on the Amendment Effective Date (“Additional Revolving
Commitments”) in such amounts (not in excess of any such commitment) as are determined by the
Arrangers and the Borrower and notified to such Additional Revolving Lender and (iii) to have
committed to make New Revolving Loans to the Borrower on the Amendment Effective Date
(“Additional Revolving Loans”) in such amounts (not in excess of any such commitment) (the
“Additional Revolving Loans Amount”) as are determined by the Arrangers and the Borrower
and notified to such Additional Revolving Lender. The proceeds of such Additional Revolving Loans
will be used by the Borrower, together, if necessary, with other available cash, to repay in full
the outstanding principal amount of Existing Revolving Loans that are not converted by Converting
Revolving Lenders into New Revolving Loans.

          H. Each Lender other than a New Lender (as defined below), including any Existing Tranche A
Term Lender or Existing Revolving Lender that executes and delivers a Lender Addendum solely in the
capacity of a Tranche A Lender and/or Revolving Lender and not

 

 

          specifically as a New Lender, will be deemed to have agreed to the terms of this Amendment but
will not be deemed thereby to have agreed to (i) convert Existing Tranche A Term Loans into New
Tranche A Term Loans, Existing Revolving Commitments into New Revolving Commitments or Existing
Revolving Loans into New Revolving Loans or (ii) to have made any commitment to make New Tranche A
Term Loans, New Revolving Commitments or New Revolving Loans.

          I. The Lenders are willing, subject to the terms and conditions set forth in this Amendment,
to effect such amendments to the Credit Agreement.

          J. The Converting Tranche A Term Lenders and the Additional Tranche A Term Lenders
(collectively, the “New Tranche A Term Lenders”) are severally willing to convert their
Existing Tranche A Term Loans into New Tranche A Term Loans or to make New Tranche A Term Loans, as
the case may be, subject to the terms and conditions set forth in this Amendment.

          K. The Converting Revolving Lenders and the Additional Revolving Lenders (collectively, the
“New Revolving Lenders” and, together with the New Tranche A Term Lenders, the “New
Lenders”) are severally willing to (i) convert their Existing Revolving Commitments into New
Revolving Commitments or to make New Revolving Commitments, as the case may be, and (ii) convert
their Existing Revolving Loans into New Revolving Loans or to make New Revolving Loans, as the case
may be, in each case, subject to the terms and conditions set forth in this Amendment.

          Accordingly, in consideration of the foregoing and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

          SECTION 1. Amendments to the Credit Agreement to the Effect Repricing
Amendments. Effective as of the Amendment Effective Date:

          (a) the definition of each of the following terms in Section 1.01 of the Credit
Agreement is amended to read in its entirety as follows:

     “Applicable Rate” means, for any day (a) with respect to any Tranche B Term
Loan, 0.75% per annum, in the case of an ABR Loan, and 1.75% per annum, in the case of a
Eurocurrency Loan, and (b) with respect to any ABR Loan or Eurocurrency Loan that is a
Revolving Loan or a Tranche A Term Loan, or with respect to the commitment fees payable
hereunder, as the case may be, the applicable rate per annum set forth below under the
caption “ABR Spread”, “Eurocurrency Spread” or “Commitment Fee Rate”, as the case may be,
based upon the Leverage Ratio as of the most recent determination date:

	 	 	 	 	 	 	 
	 	 	ABR	 	Eurocurrency	 	Commitment Fee
	Leverage Ratio:	 	Spread	 	Spread	 	Rate
	Category 1	 	0.25%	 	1.25%	 	0.375%
	greater than or equal to	 	 	 	 	 	 
	3.75 to 1.00	 	 	 	 	 	 
	Category 2	 	0.0%	 	1.00%	 	0.375%
	greater than or equal to	 	 	 	 	 	 
	2.75 to 1.00	 	 	 	 	 	 
	but less than 3.75 to 1.00	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 
	 	 	ABR	 	Eurocurrency	 	Commitment Fee
	Leverage Ratio:	 	Spread	 	Spread	 	Rate
	Category 3	 	0.0%	 	0.875%	 	0.375%
	less than 2.75 to 1.00	 	 	 	 	 	 

     For purposes of the foregoing, (i) the Leverage Ratio shall be determined as of the
end of each fiscal quarter of the Borrower’s fiscal year based upon the consolidated
financial statements delivered pursuant to Section 5.01(a) or (b) and (ii) each change in
the Applicable Rate resulting from a change in the Leverage Ratio shall be effective during
the period commencing on and including the date of delivery to the Administrative Agent of
such consolidated financial statements indicating such change and ending on the date
immediately preceding the effective date of the next such change; provided that the
Leverage Ratio shall be deemed to be greater than 3.75 to 1.00 (A) at any time that an
Event of Default has occurred and is continuing or (B) if the Borrower fails to deliver the
consolidated financial statements required to be delivered by it pursuant to Section
5.01(a) or (b), during the period from the expiration of the time for delivery thereof
until such consolidated financial statements are delivered.

     “Tranche A Term Loans” means a Loan made pursuant to clause (a) of Section
2.01 or, as the context may require, a “Tranche A Term Loan” outstanding hereunder prior to
the Third Refinancing Date.

                           (b) Section 1.01 of the Credit Agreement is amended to add definitions of the
following terms in appropriate alphabetical order:

     “Fifth Amendment” means the Fifth Amendment dated as of June 16, 2005, to this
Agreement.

     “Third Refinancing Date” means the date on which Tranche A Term Loans are
made, and Revolving Commitments are established, in each case pursuant to Section 4 of the
Fifth Amendment.

     “Tranche A Undertaking” means, with respect to each Lender, the agreement, if
any, of such Lender to make, or convert an existing term loan into, a Tranche A Term Loan
pursuant to Section 4 of the Fifth Amendment on the Third Refinancing Date. The amount of
each Lender’s Tranche A Undertaking is set forth on Schedule 2.01.

                           (c) The definition of the term “Revolving Commitment” in Section 1.01 of the Credit
Agreement is amended by deleting the last sentence thereof in its entirety and replacing such
sentence with a sentence that reads as follows: “The aggregate amount of the Lenders’ Revolving
Commitments on the Third Refinancing Date is $100,000,000.”

                           (d) The definition of the term “Refinancing Date” in Section 1.01 of the Credit
Agreement is deleted and all references to such term in the Credit Agreement are amended to be
references to the term “Third Refinancing Date”.

                           (e) The definitions of the terms “New Tranche A Lender” and “Tranche A Commitment”
in Section 1.01 of the Credit Agreement are deleted.

 

 

                           (f) Section 2.01 of the Credit Agreement is amended to read as follows:

     “SECTION 2.01. Commitments. (a) Subject to the terms and conditions set
forth in the Fifth Amendment, each Lender has agreed to make, or acquire through conversion
of existing term loans, a Tranche A Term Loan to the Borrower on the Third Refinancing Date
in a principal amount equal to its Tranche A Undertaking.

     (b) Subject to the terms and conditions set forth in the Fourth Amendment, each
Lender has agreed to make, or acquire through conversion of existing term loans, a Tranche
B Term Loan to the Borrower on the Second Refinancing Date in a principal amount equal to
its Tranche B Undertaking.

     (c) Subject to the terms and conditions set forth herein, each Lender agrees to make
Revolving Loans to the Borrower from time to time during the Revolving Availability Period
in an aggregate principal amount that will not (after giving effect to any concurrent use
of the proceeds thereof to repay Swingline Loans or LC Disbursements) result in such
Lender’s Revolving Exposure exceeding such Lender’s Revolving Commitment. Within the
foregoing limits and subject to the terms and conditions set forth herein, the Borrower may
borrow, prepay and reborrow Revolving Loans.

     (d) Amounts repaid in respect of Term Loans may not be reborrowed.”

     (g) Section 2.08(a) of the Credit Agreement is amended to read as follows:

     “SECTION 2.08. Termination and Reduction of Commitments. (a) The Tranche A
Undertakings shall terminate at 5:00 p.m., New York City time, on the Third Refinancing
Date. The Tranche B Undertakings terminated at 5:00 p.m., New York City time, on the
Second Refinancing Date, and the Revolving Commitments shall terminate on the Revolving
Maturity Date.”

                           (h) Section 2.10(a) of the Credit Agreement is amended to read in its entirety as
follows:

               “(a) Subject to adjustment pursuant to paragraph (d) of this Section 2.10,
the Borrower shall repay Tranche A Term Borrowings on each date set forth below in
an amount equal to the percentage of the aggregate principal amount of the Tranche
A Loans made on the Third Refinancing Date set forth opposite such date (each such
date being called an “Installment Date”):

	 	 	 
	 	 	Percentage of
	 	 	Principal Amount
	Date	 	to be Repaid
	June 30, 2005
	 	4.7010%
	September 30, 2005
	 	4.7010%
	December 31, 2005
	 	4.7010%
	March 31, 2006
	 	6.2717%
	June 30, 2006
	 	6.2717%
	September 30, 2006
	 	6.2717%
	December 31, 2006
	 	6.2717%
	March 31, 2007
	 	6.5859%

 

 

	 	 	 
	 	 	Percentage of
	 	 	Principal Amount
	Date	 	to be Repaid
	June 30, 2007
	 	6.5859%
	September 30, 2007
	 	6.5859%
	December 31, 2007
	 	6.5859%
	March 31, 2008
	 	8.6166%
	June 30, 2008
	 	8.6166%
	September 30, 2008
	 	8.6166%
	Tranche A Maturity Date
	 	8.6166%

          (i) Section 2.11(f) of the Credit Agreement is amended by replacing the proviso to
the second sentence thereof with a new proviso that reads as follows: “provided that, (i)
the proceeds of the Tranche A Term Loans made on the Third Refinancing Date, together with such
additional amounts as may be necessary, shall be applied to the repayment of all Tranche A Term
Loans outstanding immediately prior to the Third Refinancing Date, (ii) the proceeds of the Tranche
B Term Loans made on the Second Refinancing Date, together with such additional amounts as may be
necessary, shall be applied to the repayment of all Tranche B Term Loans outstanding immediately
prior to the Second Refinancing Date, (iii) 100% of the proceeds of any Revolving Loans incurred by
the Borrower on the Third Refinancing Date prior to the effectiveness of the Fifth Amendment may be
applied by the Borrower to prepay only Tranche A Term Borrowings and (iv) so long as and to the
extent that any Tranche A Term Borrowings remain outstanding, any Tranche B Lender may elect, by
notice to the Administrative Agent by telephone (confirmed by telecopy) at least one Business Day
prior to the prepayment date, to decline all or any portion of any prepayment of its Tranche B Term
Loans pursuant to this Section (other than an optional prepayment pursuant to paragraph (a) of this
Section, which may not be declined), in which case the aggregate amount of the prepayment that
would have been applied to prepay Tranche B Term Loans but was so declined shall be applied to
prepay Tranche A Term Borrowings.”

          (j) Section 5.11 of the Credit Agreement is amended by revising the first sentence
of such Section to read as follows: “The proceeds of the Tranche A Term Loans made on the Third
Refinancing Date will be used only to refinance Tranche A Term Loans outstanding immediately prior
to the Third Refinancing Date and to pay fees and expenses in connection therewith, and the
proceeds of the Tranche B Term Loans made on the Second Refinancing Date will be used only to
refinance Tranche B Term Loans outstanding immediately prior to the Second Refinancing Date and to
pay fees and expenses in connection therewith.”

          (k) Schedule 2.01 of the Credit Agreement is deleted and replaced in its entirety
with a new Schedule 2.01 (the “New Schedule 2.01”) that will, upon completion of the
allocations of Tranche A Undertakings and New Revolving Commitments in accordance with the terms
hereof, set forth each Lender’s Tranche A Undertaking, Tranche B Undertaking and New Revolving
Commitment, and shall be furnished to each New Lender promptly upon the completion of such
allocations.

          SECTION 2. Amendments to the Credit Agreement to Effect the Financing
Amendments. Effective as of the Amendment Effective Date:

          (a) the definition of each of the following terms in Section 1.01 of the Credit
Agreement is amended to read in its entirety as follows:

     “Asset Disposition” means (a) any sale, transfer or other disposition
(including pursuant to a sale and leaseback transaction but excluding any sale of
Securitization

 

 

Assets pursuant to a Securitization) of any property or asset of the Borrower or any
Subsidiary and the receipt by the Borrower or any Subsidiary Loan Party of any dividend or
distribution from any Unrestricted Subsidiary representing proceeds from the disposition by
such Unrestricted Subsidiary of assets outside the ordinary course of business or from the
sale of any Equity Interests in such Unrestricted Subsidiary, other than (i) dispositions
described in clauses (a), (b), (c), (d) and (e) of Section 6.05 and (ii) other dispositions
and dividends or distributions resulting in aggregate Net Proceeds not exceeding
$10,000,000 during any fiscal year of the Borrower, (b) any casualty or other insured
damage to, or any taking under power of eminent domain or by condemnation or similar
proceeding of, any property or asset of the Borrower or any Subsidiary, but only to the
extent that the Net Proceeds therefrom have not been applied to repair, restore or replace
such property or asset within 365 days after such event and (c) any transfer of
Securitization Assets in a Securitization (and any subsequent transfer of Securitization
Assets that results in any increase in the aggregate funded amount of any Securitization
over the greatest aggregate funded amount previously outstanding thereunder),
provided that a Prepayment Event shall only exist with respect to a Securitization
to the extent the aggregate funded amount of all such Securitizations outstanding at the
time of determination exceeds the aggregate amount of prepayments of Term Loans previously
made hereunder in respect of Securitizations.

     “Borrower’s Portion of Excess Cash Flow” means, with respect to Excess Cash
Flow (a) in respect of any fiscal year ending prior to December 31, 2005, 50% of the amount
of such Excess Cash Flow and (b) in respect of any fiscal year ending on or after December
31, 2005, (i) if the Leverage Ratio as of the end of such fiscal year is less than 5.00 to
1.00, 100% of the amount of such Excess Cash Flow and (ii) otherwise, 50% of the amount of
such Excess Cash Flow.

     “Consolidated Cash Interest Expense” means, for any period, the excess of (a)
the sum of (i) the interest expense (including imputed interest expense in respect of
Capital Lease Obligations) of Holdings, the Borrower and the Subsidiaries for such period,
determined on a consolidated basis in accordance with GAAP, plus (ii) any cash payments
made during such period in respect of obligations referred to in clause (b)(iii) below that
were amortized or accrued in a previous period, plus (iii) the amount of dividends paid by
Holdings during such period pursuant to Section 6.08(a)(ix), plus (iv) to the extent not
otherwise included in the interest expense of Holdings, the Borrower and the Subsidiaries
for such period, commissions, discounts, yield, loss on sales and other fees and charges
during such period in connection with any Securitizations payable to any person other than
Holdings, the Borrower and the Subsidiaries, minus (b) the sum of (i) interest
income of Holdings, the Borrower and the Subsidiaries for such period, determined on a
consolidated basis in accordance with GAAP, plus (ii) to the extent included in such
consolidated interest expense for such period, amounts attributable to amortization of
financing costs, plus (iii) to the extent included in such consolidated interest expense
for such period, non-cash amounts attributable to amortization of debt discounts or accrued
interest payable in kind for such period, plus (iv) to the extent included in such
consolidated interest expense for such period, amounts attributable to premiums paid,
prepayment fees or penalties related to the repayment of Indebtedness, plus (v) to the
extent included in the interest expense of Holdings, the Borrower and the Subsidiaries for
such period, any one time financing fees upon entering into any Securitization. For
purposes of the foregoing, interest expense of any Person shall be determined after giving
effect to any net payments made or received by such Person with respect to interest rate
Swap Agreements (other than early termination payments).

 

 

     “Material Subsidiary” means (i) any Securitization Vehicle and (ii) any other
Subsidiary, including its subsidiaries, which meets any of the following conditions: (a)
Holdings’, the Borrower’s and the other Subsidiaries’ investments in and advances to such
Subsidiary exceed 5% of the consolidated total assets of Holdings and the Subsidiaries as
of the end of the most recently completed fiscal year, (b) the consolidated assets of such
Subsidiary exceed 5% of the consolidated total assets of Holdings and the Subsidiaries as
of the end of the most recently completed fiscal year or (c) the consolidated pre-tax
income from continuing operations of such Subsidiary for the most recently ended period of
four consecutive fiscal quarters exceeds 5% of the consolidated pre-tax income from
continuing operations of Holdings and the Subsidiaries for such period.

     “Permitted Business” means the telephone and internet directory services
businesses and businesses reasonably related, incidental or ancillary thereto and in the
case of any Securitization Vehicle, Securitizations.

     “Subsidiary Loan Party” means any Subsidiary other than the Borrower that is
not (x) a Foreign Subsidiary or (y) a Securitization Vehicle.

          (b) Section 1.01 of the Credit Agreement is amended to add definitions of the
following terms in appropriate alphabetical order:

   “Securitization” means any transaction or series of transactions entered into
by the Borrower or any Subsidiary pursuant to which the Borrower or such Subsidiary, as the
case may be, sells, conveys or otherwise transfers to a Securitization Vehicle
Securitization Assets of the Borrower or such Subsidiary (or grants a security interest in
such Securitization Assets transferred or purported to be transferred to such
Securitization Vehicle), and which Securitization Vehicle finances the acquisition of such
Securitization Assets (i) with proceeds from the issuance of Third Party Interests, (ii)
with Sellers’ Retained Interests or (iii) with proceeds from the sale or collection of
Securitization Assets previously purchased by such Securitization Vehicle.

   “Securitization Assets” means any accounts receivable owed to or owned by the
Borrower or any Subsidiary (whether now existing or arising or acquired in the future)
arising in the ordinary course of business from the sale of goods or services, all
collateral securing such accounts receivable, all contracts and contract rights and all
guarantees or other obligations in respect of such accounts receivable, all proceeds of
such accounts receivable and other assets (including contract rights) which are of the type
customarily transferred in connection with securitizations of accounts receivable and which
are sold, transferred or otherwise conveyed by the Borrower or a Subsidiary to a
Securitization Vehicle in connection with a Securitization permitted by Section 6.05.

   “Securitization Vehicle” means a Person that is a direct wholly owned
Subsidiary of the Borrower or a Subsidiary formed for the purpose of effecting one or more
Securitizations to which the Borrower or its Subsidiaries transfer Securitization Assets
and which, in connection therewith, issues Third Party Interests or Sellers’ Retained
Interests; provided that such Securitization Vehicle shall engage in no business
other than the purchase of Securitization Assets pursuant to Securitizations permitted by
Section 6.05, the issuance of Third Party Interests or other funding of such
Securitizations and any activities reasonably related thereto, and provided further that

 

 

(x) no portion of the Indebtedness or any other obligations (contingent or
otherwise) of such Securitization Vehicle (i) is guaranteed by the Borrower or any
Subsidiary (excluding guarantees of obligations (other than the principal of and
interest on Indebtedness) pursuant to Standard Securitization Undertakings), (ii)
is recourse to or obligates the Borrower or any other Subsidiary of the Borrower in
any way other than pursuant to Standard Securitization Undertakings, or (iii)
subjects any property or asset of the Borrower or any other Subsidiary of the
Borrower, directly or indirectly, contingently or otherwise, to the satisfaction
thereof, other than pursuant to Standard Securitization Undertakings;

(y) neither the Borrower nor any Subsidiary has any material contract, agreement,
arrangement or understanding with such Securitization Vehicle other than on terms
which the Borrower reasonably believes to be no less favorable to the Borrower or
such Subsidiary than those that might be obtained at the time from Persons that are
not Affiliates of the Borrower; and

(z) neither the Borrower nor any Subsidiary has any obligation to maintain or
preserve such Securitization Vehicle’s financial condition or cause such
Securitization Vehicle to achieve certain levels of operating results.

     “Sellers’ Retained Interests” means the debt or equity interests held by the
Borrower or any Subsidiary in a Securitization Vehicle to which Securitization Assets have
been transferred in a Securitization permitted by Section 6.05, including any such debt or
equity received in consideration for the Securitization Assets transferred.

     “Standard Securitization Undertakings” means representations, warranties,
covenants, indemnities and guarantees of performance entered into by the Borrower or any
Subsidiary which the Borrower has determined in good faith to be customary in a
Securitization, including those relating to the servicing of the assets of a Securitization
Vehicle.

     “Third Party Interests” means, with respect to any Securitization, notes,
bonds or other debt instruments, beneficial interests in a trust, undivided ownership
interests in receivables or other securities issued for cash consideration by the relevant
Securitization Vehicle to banks, financing conduits, investors or other financing sources
(other than Holdings and the Subsidiaries) the proceeds of which are used to finance, in
whole or in part, the purchase by such Securitization Vehicle of Securitization Assets in a
Securitization. The amount of any Third Party Interests shall be deemed to equal the
aggregate principal, stated or invested amount of such Third Party Interests which are
outstanding at such time.

     (c) The first sentence of Section 2.11(d) of the Credit Agreement is amended to read
as follows:

     “Following the end of each fiscal year of the Borrower, commencing with the fiscal
year ending December 31, 2003, the Borrower will prepay Term Borrowings in an aggregate
amount equal to (i) 50% of Excess Cash Flow for such fiscal year less (ii) any voluntary
prepayments of Term Loans made pursuant to Section 2.11(a) during such fiscal year;
provided that, with respect to each such fiscal year ending on or after

 

 

December 31, 2005, no such prepayment of Term Borrowings shall be required if the
Leverage Ratio as of the end of such fiscal year is less than 5.0 to 1.0.”

                           (d) Section 6.01(a) of the Credit Agreement is amended by (i) redesignating
paragraphs (x) and (xi) thereunder as paragraphs (xi) and (xii), respectively, and (ii) adding a
new paragraph (x) to read as follows:

     “(x) Third Party Interests issued by Securitization Vehicles in Securitizations
permitted by Section 6.05, and Indebtedness represented by such Third Party Interests and
Indebtedness consisting of Standard Securitization Undertakings, provided that the
aggregate amount of such Third Party Interests shall not exceed $168,000,000 at any time
outstanding;”.

     (e) Section 6.01(b) of the Credit Agreement is amended to read as follows:

     “(b) Neither Holdings nor the Borrower will, nor will they permit any Subsidiary to,
issue any preferred stock or other preferred Equity Interests, other than (i) Non-Cash Pay
Preferred Stock of Holdings and (ii) Third Party Interests issued by Securitization
Vehicles.”

                           (f) Section 6.02(a) of the Credit Agreement is amended by (i) deleting the word
“and” at the end of paragraph (v) thereunder, (ii) redesignating paragraph (vi) thereunder as
paragraph (vii) and (iii) adding a new paragraph (vi) to read as follows:

     “(vi) Liens in favor of any Securitization Vehicle or any collateral agent on
Securitization Assets transferred or purported to be transferred to such Securitization
Vehicle in connection with Securitizations permitted by Section 6.05; and”.

                           (g) Section 6.04 of the Credit Agreement is amended by (i) deleting the word “and”
at the end of paragraph (l) thereunder, (ii) redesignating paragraph (m) thereunder as paragraph
(n) and changing all references in the Credit Agreement to “Section 6.04(m)” to “Section 6.04(n)”
and (iii) adding a new paragraph (m) to read as follows:

     “(m) Investments consisting of Sellers’ Retained Interests in Securitizations
permitted by Section 6.05; and”.

                           (h) The first sentence of Section 6.05 is amended by adding the words “and any sale
of Securitization Assets in connection with a Securitization” immediately after the words “any
Equity Interest owned by it”.

                           (i) Section 6.05 of the Credit Agreement is amended by (i) deleting the word “and”
at the end of paragraph (f) thereunder, (ii) redesignating paragraph (g) thereunder as paragraph
(h) and (iii) adding a new paragraph (g) to read as follows:

     “(g) sales of Securitization Assets to one or more Securitization Vehicles in
Securitizations; provided that (i) each such Securitization is effected on market
terms as reasonably determined by the management of the Borrower, (ii) the aggregate amount
of Third Party Interests in respect of all such Securitizations does not exceed
$168,000,000 at any time outstanding, (iii) the proceeds to each such Securitization
Vehicle from the issuance of Third Party Interests are applied substantially simultaneously
with receipt thereof to the purchase from the Borrower or Subsidiaries of Securitization
Assets and an

 

 

amount equal to 100% of the Net Proceeds from each such Securitization is applied to
the mandatory repayment of Term Loans in accordance with Section 2.11(c) and (iv) the
Equity Interests and Sellers’ Retained Interests in respect of each such Securitization
Vehicle shall be pledged to the Collateral Agent under the Collateral Agreement; and”

                           (j) Section 6.07 of the Credit Agreement is amended by (i) replacing the word “and”
at the end of clause (b) thereunder with a comma, (ii) redesignating clause (c) thereunder as
clause (d) and (iii) adding a new clause (c) to read as follows:

                           “(c) Swap Agreements required by any Securitization and”.

                           (k) Section 6.08(a)(viii) of the Credit Agreement is amended by replacing the value
“$29,400,000” with “$42,000,000”.

                           (l) Section 6.09 of the Credit Agreement is amended by (i) replacing the word “and”
at the end of clause (j) thereunder with a comma, (ii) redesignating clause (k) thereunder as
clause (l) and (iii) adding a new clause (k) to read as follows:

     “(k) sales of Securitization Assets to Securitization Vehicles and other transactions
effected as part of Securitizations permitted by Section 6.05, and”

                           (m) Section 6.10(a) of the Credit Agreement is amended by (i) replacing the word
“and” at the end of clause (vii) thereunder with a comma, (ii) redesignating clause (viii)
thereunder as clause (ix) and (iii) adding a new clause (viii) to read as follows:

     “(viii) the foregoing shall not apply to customary restrictions contained in any
documents relating to any Securitizations, provided that such restrictions only
apply to the applicable Securitization Vehicle and its assets and”.

                           (n) Article VI of the Credit Agreement is amended by adding a new Section 6.24 to
read as follows:

     “SECTION 6.24 Commingling of Accounts. Each of Holdings and the Borrower
will not, nor will it cause or permit any Subsidiary to, commingle amounts relating to
Securitization Assets sold pursuant to a Securitization with cash or any other amounts of
Holdings, the Borrower and the Subsidiaries other than the temporary commingling of
collections on and proceeds of any accounts receivable or related assets of the Borrower
and its Subsidiaries, in each case as may be necessary to identify and sort such
collections and proceeds.”

                           (o) Article VIII of the Credit Agreement is amended by adding a new paragraph to the
end of such Article to read as follows:

     “Each party hereto authorizes the Agent to enter into customary intercreditor
agreements in connection with Securitizations permitted under this Agreement.”

                           SECTION 3. Representations and Warranties. To induce the other parties
hereto to enter into this Amendment, each of the Borrower, the Parent and Holdings represents and
warrants to each of the Lenders, the Additional Tranche A Term Lenders, the Additional Revolving
Lenders and the Agent that, as of the Amendment Effective Date:

 

 

          (a) This Amendment has been duly authorized, executed and delivered by it and each
of this Amendment and the Credit Agreement, as amended and restated hereby, constitutes its valid
and binding obligation, enforceable against it in accordance with its 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) The representations and warranties set forth in Article III of the Credit
Agreement are true and correct in all material respects on and as of the Amendment Effective Date
with the same effect as though made on and as of the Amendment Effective Date, except to the extent
such representations and warranties expressly relate to an earlier date (in which case such
representations and warranties were true and correct in all material respects as of such earlier
date); provided that the foregoing representation is made by the Parent only in respect of
the representations and warranties set forth in Sections 3.01, 3.02, 3.03, 3.08, 3.09 and 3.12 of
the Credit Agreement.

          (c) No Default or Event of Default has occurred and is continuing.

          SECTION 4. New Tranche A Term Loans; New Revolving Commitments; and New
Revolving Loans. (a) Subject to the terms and conditions set forth herein, (i) each
Converting Tranche A Term Lender agrees to convert its Existing Tranche A Term Loans into New
Tranche A Term Loans on the Amendment Effective Date in amounts equal to its Tranche A Undertaking,
(ii) each Additional Tranche A Term Lender agrees to make New Tranche A Term Loans to the Borrower
on the Amendment Effective Date in amounts equal to its Tranche A Undertaking, (iii) each
Converting Revolving Lender agrees to convert its Existing Revolving Commitments into New Revolving
Commitments on the Amendment Effective Date in amounts equal to its New Revolving Commitments, as
set forth in the New Schedule 2.01, (iv) each Additional Revolving Lender agrees to make New
Revolving Commitments to the Borrower on the Amendment Effective Date in amounts equal to its New
Revolving Commitments, as set forth in the New Schedule 2.01, (v) each Converting Revolving Lender
agrees to convert its Existing Revolving Loans into New Revolving Loans on the Amendment Effective
Date in amounts equal to its Converted Revolving Loans Amount and (vi) each Additional Revolving
Lender agrees to make New Revolving Loans to the Borrower on the Amendment Effective Date in
amounts equal to its Additional Revolving Loans Amount. Each Additional Tranche A Term Lender will
make New Tranche A Term Loans and each Additional Revolving Lender will make New Revolving Loans on
the Amendment Effective Date by transferring to the Agent, in the manner contemplated by Section
2.06 of the Credit Agreement, an amount equal to the amount of its Tranche A Undertaking or
Additional Revolving Loans Amount, respectively. Any portion of an Existing Tranche A Term Loan
converted by a Converting Tranche A Term Lender into a New Tranche A Term Loan as contemplated
hereby is referred to herein as a “Converted Tranche A Term Loan”, any portion of an
Existing Revolving Commitment converted by a Converting Revolving Lender into a New Revolving
Commitment as contemplated hereby is referred to herein as a “Converted Revolving
Commitment” and any portion of an Existing Revolving Loan converted by a Converting Revolving
Lender into a New Revolving Loan as contemplated hereby is referred to herein as a “Converted
Revolving Loan”. The “Tranche A Undertaking” (i) of any Converting Tranche A Term
Lender will be such amount of its Existing Tranche A Term Loans to be converted into an equal
amount of New Tranche A Term Loans, as is determined by the Arrangers and the Borrower and notified
to such Lender prior to the Amendment Effective Date, and (ii) of any Additional Tranche A Term
Lender will be the amount (not exceeding any commitment offered by such Additional Tranche A Term
Lender) allocated to it by the Arrangers and the Borrower and notified to it prior to the Amendment
Effective Date. The New

 

 

           Schedule 2.01 will separately set forth (i) the Tranche A Undertaking of each Converting
Tranche A Term Lender, (ii) the Tranche A Undertaking of each Additional Tranche A Term Lender,
(iii) the New Revolving Commitment of each Converting Revolving Lender and (iv) the New Revolving
Commitment of each Additional Revolving Lender. The commitments of the Additional Tranche A Term
Lenders and the conversion undertakings of the Converting Tranche A Term Lenders are several and no
such Lender will be responsible for any other Lender’s failure to make or acquire by conversion New
Tranche A Term Loans. The commitments of the Additional Revolving Lenders and the conversion
undertakings of the Converting Revolving Lenders are several and no such Lender will be responsible
for any other Lender’s failure to make or acquire by conversion New Revolving Commitments or New
Revolving Loans. Each New Revolving Loan made pursuant to this Section 4 shall be deemed to be
made under Section 2.01(c) of the Credit Agreement.

          (b) Notwithstanding anything herein or in the Credit Agreement to the contrary, (i)
the aggregate principal amount of the New Tranche A Term Loans will not exceed the aggregate
principal amount of the Existing Tranche A Term Loans immediately prior to the Amendment Effective
Date, (ii) the aggregate amount of the New Revolving Commitments will not exceed the aggregate
amount of the Existing Revolving Commitments immediately prior to the Amendment Effective Date,
(iii) the aggregate amount of the New Revolving Loans will not exceed the aggregate amount of the
Existing Revolving Loans immediately prior to the Amendment Effective Date and (iv) the Converted
Revolving Loans Amount or Additional Revolving Loans Amount, as applicable, of each New Revolving
Lender shall be equal to the Pro Rata Percentage of the amount of such New Revolving Lender’s New
Revolving Commitment. For purposes hereof, the “Pro Rata Percentage” shall be equal to the
quotient obtained by dividing (i) the aggregate amount of New Revolving Loans by (ii) the aggregate
amount of New Revolving Commitments.

          (c) The obligation of each New Tranche A Term Lender to make or acquire by
conversion New Tranche A Term Loans, and the obligation of each New Revolving Lender to make or
acquire by conversion New Revolving Commitments and New Revolving Loans, in each case on the
Amendment Effective Date, is subject to the satisfaction of the following conditions:

   (i) The conditions set forth in Section 4.02 of the Credit Agreement shall
be satisfied on and as of the Amendment Effective Date, and the Agent shall have received a
certificate of a Financial Officer, dated the Amendment Effective Date, to such effect.

   (ii) The Agent shall have received a favorable legal opinion of Latham &
Watkins LLP, counsel to the Borrower, Holdings and the Parent, addressed to the Agent and
the New Lenders and dated the Amendment Effective Date, covering such matters relating to
the New Loans, the New Revolving Commitments, this Amendment, the Credit Agreement as
amended hereby, and the other Loan Documents and security interests thereunder as the Agent
may reasonably request, and such opinion shall be reasonably satisfactory to the Agent.

   (iii) The Agent shall have received such documents and certificates as the
Agent or its counsel may reasonably request relating to the organization, existence and
good standing of each Loan Party, the authorization of this Amendment and the transactions
contemplated hereby and any other legal matters relating to the Loan Parties, this
Amendment, the other Loan Documents and the transactions contemplated hereby, all in form
and substance reasonably satisfactory to the Agent.

 

 

   (iv) To the extent deemed necessary or appropriate by the Agent, each
Security Document shall have been amended to provide the benefits thereof to the New
Tranche A Term Lenders and the New Revolving Lenders on the same basis as such benefits are
provided to the existing Tranche A Term Lenders and the Existing Revolving Lenders,
respectively.

   (v) Each Loan Party that has not executed and delivered this Amendment shall
have entered into a written instrument reasonably satisfactory to the Agent pursuant to
which it confirms that it consents to this Amendment and the New Loans and New Revolving
Commitments and that the Security Documents to which it is party will continue to apply in
respect of the Credit Agreement, as amended hereby, and the Obligations of such Loan Party.

   (vi) The aggregate amount of the Tranche A Undertakings of the Additional
Tranche A Term Lenders, plus the amount of any cash available to be used to prepay Existing
Tranche A Term Loans, shall equal or exceed the aggregate principal amount of the Existing
Tranche A Term Loans other than Converted Tranche A Term Loans.

   (vii) The aggregate amount of the Additional Revolving Commitments of the
Additional Revolving Lenders shall equal or exceed the aggregate amount of the Existing
Revolving Commitments other than Converted Revolving Commitments.

   (viii) The aggregate amount of the New Revolving Loans of the Additional
Revolving Lenders, plus the amount of any cash available to be used to prepay Existing
Revolving Loans, shall equal or exceed the aggregate principal amount of the Existing
Revolving Loans other than Converted Revolving Loans.

   (ix) The Agent shall have received evidence that the Borrower has made the
payments referred to in Section 4(e) or is making such payments on the Amendment Effective
Date with the proceeds of the Additional Tranche A Term Loans and Additional Revolving
Loans and such other funds as may be required.

   (x) There shall be no outstanding unreimbursed LC Disbursements on the
Amendment Effective Date.

   (xi) The conditions to effectiveness of this Amendment set forth in Section
5 hereof shall have been satisfied.

          (d) All New Tranche A Term Loan Eurocurrency Borrowings and New Revolving Loan
Eurocurrency Borrowings made on the Amendment Effective Date shall have initial Interest Periods
ending on the same dates as the Interest Periods applicable to the Existing Tranche A Term Loan
Borrowings and the Existing Revolving Loan Borrowings, respectively, being refinanced, and the
Adjusted LIBO Rates applicable to such New Tranche A Term Loan Borrowings and such New Revolving
Loan Borrowings during such initial Interest Periods shall be the same as those applicable to the
Existing Tranche A Term Loan Borrowings and Existing Revolving Loan Borrowings, respectively, being
refinanced. For purposes of the foregoing, such Interest Periods shall be assigned (i) to the
Additional Tranche A Term Loans of each Additional Tranche A Term Lender in the same proportion
that such Interest Periods applied to the Existing Tranche A Term Loans on the Amendment Effective
Date and (ii) to the Additional Revolving Loans of each Additional Revolving Lender in the same
proportion that such Interest Periods

 

 

applied to the Existing Revolving Loans on the Amendment Effective Date. The Borrower will
not be required to make any payments to Converting Tranche A Term Lenders and Converting Revolving
Lenders under Section 2.16 of the Credit Agreement in connection with the conversion of their
Existing Tranche A Term Loans into New Tranche A Term Loans and Existing Revolving Loans into New
Revolving Loans, respectively.

          (e) On the Amendment Effective Date, the Borrower shall apply the proceeds of the
Additional Tranche A Term Loans, the Additional Revolving Loans and such other amounts as may be
necessary to (i) prepay in full all Existing Tranche A Term Loans (other than Converted Tranche A
Term Loans), (ii) prepay in full all Existing Revolving Loans (other than Converted Revolving
Loans), (iii) pay all accrued and unpaid interest on all Existing Tranche A Term Loans and Existing
Revolving Loans, (iv) pay to each Tranche A Lender and Revolving Lender all amounts payable
pursuant to Section 2.16 of the Credit Agreement as a result of the prepayment of such Lender’s
Existing Tranche A Term Loans and/or Existing Revolving Loans (other than Converted Tranche A Term
Loans and Converted Revolving Loans) and all other Obligations then due and owing to such Lenders
under the Credit Agreement in their capacities as such and (iv) pay to each Existing Revolving
Lender (including each Converting Revolving Lender) all accrued and unpaid commitment fees payable
pursuant to Section 2.12(a) of the Credit Agreement, all accrued and unpaid participation fees
payable pursuant to Section 2.12(b) and all other Obligations then due and owing to such Lenders
under the Credit Agreement in their capacities as such.

          (f) On the Amendment Effective Date, each Issuing Bank that has issued a Letter of
Credit prior to the Amendment Effective Date and set forth on Schedule 4(f) hereto (an
“Existing Letter of Credit”) shall be deemed, without further action by any New Revolving
Lender or any other party hereto or to the Credit Agreement, to have granted to each New Revolving
Lender and each New Revolving Lender shall have been deemed to have purchased from such Issuing
Bank a participation in such Letter of Credit in accordance with Section 2.05(d) of the Credit
Agreement. Concurrently with such grant, the participations in the Existing Letters of Credit
granted to the Existing Revolving Lenders under the Credit Agreement shall be automatically
canceled without further action by any of the parties thereto. On and after the Amendment
Effective Date, each Existing Letter of Credit shall constitute a Letter of Credit for all purposes
of the Credit Agreement.

          (g) On and after the Amendment Effective Date, each reference in the Credit
Agreement to “Tranche A Term Loans” shall be deemed a reference to the New Tranche A Term Loans
contemplated hereby and each reference to “Revolving Commitments” shall be deemed a reference to
the New Revolving Commitments contemplated hereby. Notwithstanding the foregoing, the provisions
of the Credit Agreement with respect to indemnification, reimbursement of costs and expenses,
increased costs and break funding payments shall continue in full force and effect with respect to,
and for the benefit of, each Lender that was a Tranche A Lender or a Revolving Lender, as the case
may be, prior to the Amendment Effective Date, but that is not a New Lender.

          SECTION 5. Effectiveness of Amendment. This Amendment shall become
effective as of the first date (the “Amendment Effective Date”) on which the following
conditions have been satisfied:

   (i) The Agent (or its counsel) shall have received duly executed
counterparts hereof that, when taken together, bear the signatures of (A) the Borrower, the
Parent and Holdings, (B) the Required Lenders, (C) each New Lender and (D) Tranche B
Lenders

 

 

holding more than 50% of the aggregate principal amount of outstanding Tranche B Term
Loans outstanding immediately prior to the effectiveness of this Amendment.

   (ii) The conditions set forth in Section 4(c) hereof shall have been
satisfied and the Borrower shall have made the payments required to be made by Section 4(e)
hereof.

   (iii) To the extent invoiced, the Agent shall have received payment or
reimbursement of its reasonable out-of-pocket expenses in connection with this Amendment
and any other out-of-pocket expenses of the Agent required to be paid or reimbursed
pursuant to the Credit Agreement, including the reasonable fees, charges and disbursements
of counsel for the Agent.

          SECTION 6. Effect of Amendment. (a) 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 Agent under the Credit Agreement or
any other Loan 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 of any other Loan Document, all of which are ratified and
affirmed in all respects and shall continue in full force and effect. Nothing herein shall be
deemed to entitle the Borrower to a consent to, or a waiver, amendment, modification or other
change of, any of the terms, conditions, obligations, covenants or agreements contained in the
Credit Agreement or any other Loan Document in similar or different circumstances.

          (b) On and after the Amendment Effective Date, each reference in the Credit
Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import, and each
reference to the Credit Agreement in any other Loan Document shall be deemed a reference to the
Credit Agreement as amended hereby. This Amendment shall constitute a “Loan Document” for all
purposes of the Credit Agreement and the other Loan Documents.

          SECTION 7. Governing Law. This Amendment shall be governed by and construed
in accordance with the laws of the State of New York.

          SECTION 8. Costs and Expenses. The Borrower agrees to reimburse the Agent
for its reasonable out of pocket expenses in connection with this Amendment, including the
reasonable fees, charges and disbursements of counsel for the Agent.

          SECTION 9. Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts together shall
constitute but one and the same instrument. Delivery of any executed counterpart of a signature
page of this Amendment by facsimile transmission shall be as effective as delivery of a manually
executed counterpart hereof.

          SECTION 10. Headings. The headings of this Amendment are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof.

 

 

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

	 	 	 	 	 
	 	DEX MEDIA EAST LLC,

by

 	 
	 	/s/ Robert M. Neumeister, Jr.
 	 
	 	Name:  	Robert M. Neumeister, Jr. 	 
	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	DEX MEDIA EAST, INC.,

by

 	 
	 	/s/ Robert M. Neumeister, Jr.
 	 
	 	Name:  	Robert M. Neumeister, Jr. 	 
	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	DEX MEDIA, INC.,

by

 	 
	 	/s/Robert M. Neumeister, Jr.
 	 
	 	Name:  	Robert M. Neumeister, Jr. 	 
	 	Title:  	Chief Financial Officer 	 
	 

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.

(formerly known as JPMorgan

Chase Bank), individually and

as Agent,

	 	by  	/s/ Thomas H. Kozlark	 
	 
	 	Name:  	Thomas H. Kozlark  	 
	 	 	 
	 	Title:  	Vice President 	 
	 

 

 

                         LENDER ADDENDUM TO FIFTH AMENDMENT DATED AS
OF JUNE 16, 2005, OF THE DEX MEDIA EAST CREDIT
AGREEMENT DATED AS OF NOVEMBER 8, 2002, AS
AMENDED.

          This is a Lender Addendum referred to, and is a signature page to, the Fifth Amendment dated
as of June 16, 2005 (the “Amendment”) of the Credit Agreement dated as of November 8, 2002,
as amended, among Dex Media, Inc., Dex Media East, Inc., Dex Media East LLC, various Lenders and
JPMorgan Chase Bank, N.A. (formerly known as JPMorgan Chase Bank), as Administrative Agent.
Capitalized terms used but not defined herein have the meanings assigned to them in the Amendment
or the Credit Agreement, as applicable. By executing this Lender Addendum, the undersigned
institution agrees (i) if executing this Lender Addendum in the capacity of a Converting Tranche A
Term Lender, to the terms of the Amendment and, subject to the terms and conditions of the
Amendment, to convert its Existing Tranche A Term Loans into new Tranche A Term Loans on the
Amendment Effective Date in the amount of its Tranche A Undertaking, as reflected with respect to
Converting Tranche A Term Lenders in the New Schedule 2.01, (ii) if executing this Lender Addendum
in the capacity of an Additional Tranche A Term Lender, to the terms of the Amendment and, subject
to the terms and conditions of the Amendment, to make and fund New Tranche A Term Loans on the
Amendment Effective Date in the amount of its Tranche A Undertaking, as reflected with respect to
Additional Tranche A Term Lenders in the New Schedule 2.01, (iii) if executing this Lender Addendum
in the capacity of a Converting Revolving Lender, to the terms of the Amendment and, subject to the
terms and conditions of the Amendment, (x) to convert its Existing Revolving Commitments into New
Revolving Commitments on the Amendment Effective Date in the amount of its New Revolving
Commitments, as reflected with respect to Converting Revolving Lenders in the New Schedule 2.01 and
(y) to convert its Existing Revolving Loans into an amount of New Revolving Loans equal to its
Converted Revolving Loans Amount, (iv) if executing this Lender Addendum in the capacity of an
Additional Revolving Lender, to the terms of the Amendment and, subject to the terms and conditions
of the Amendment, (x) to make New Revolving Commitments on the Amendment Effective Date in the
amount of its New Revolving Commitments, as reflected with respect to Additional Revolving Lenders
in the New Schedule 2.01, and (y) to make and fund New Revolving Loans in an amount equal to its
Additional Revolving Loans Amount and (v) if executing this Lender Addendum in the capacity of a
Tranche B Lender, to the terms of the Amendment.

	 	 	 	 	 
	 	Name of Institution:

	 	 	 
	 	
	 	 
	 	 
	 	by  	  	 
	 	 	Name:	 	 
	 	 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}]]