Document:

a6813259ex10_1.htm

Exhibit 10.1

 

First Amendment to Lease

This First Amendment to Lease (this “Amendment”) is entered into as of April 22, 2011 by and between Self Service Mini Storage, an Ohio general partnership, (“Landlord”), and Cross Country Education, LLC, a Delaware limited liability company, (“Tenant”).

R E C I T A L S:

WHEREAS, Landlord and Tenant heretofore entered into that certain lease agreement captioned “ Office Lease Agreement” dated February 2, 2007 (the “Lease”) pursuant to which Tenant leased from Landlord certain premises (the “Original Premises”) consisting of approximately 14,157 rentable square feet on the first floor of that certain office building commonly known as the Horizon Center and located at 9020 Overlook Boulevard, Brentwood, Tennessee (the “Building”), the Original Premises being identified as Suite 130 on Exhibit A to the Lease and being the same premises that Tenant currently identifies as Suite 140 for purposes of Tenant's mailing address; and

WHEREAS, Tenant now desires to lease additional rental space from Landlord consisting of approximately 2,727 rentable square feet on the first floor of the Building and being further identified on Exhibit A attached hereto and incorporated herein as Suite 120 (the “Expansion Premises”), and in consideration thereof Tenant is willing to extend the Term of the Lease for an additional three (3) years, all upon the terms and conditions hereinafter set forth; and

WHEREAS, by the execution hereof Landlord and Tenant desire to modify and amend the Lease to reflect Tenant’s lease of the Expansion Premises, the extension of the Term of the Lease and other undertakings and obligations of the parties as set forth hereinbelow;

NOW THEREFORE, for good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, Landlord and Tenant agree as follows:

1.   Defined Terms.  All capitalized terms used herein shall have the meaning assigned such terms in the Lease unless otherwise expressly provided herein.

2.   Lease of Expansion Premises.  Effective as of May 1, 2011 (the “Expansion Premises Commencement Date”) Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, upon all of the terms and conditions of the Lease, as amended hereby, the Expansion Premises, together with certain rights to the Common Areas as provided in the Lease.  The Expansion Premises shall not include any easement for light, air or view.

3.   Extension of Term.  The Term of the Lease is hereby extended for an additional three (3) years.  The parties acknowledge and agree that the Commencement Date for Tenant’s lease of the Original Premises is May 1, 2007 and that the Expansion Premises Commencement Date shall be May 1, 2011.  The term of the lease of both the Original Premises and the Expansion Premises shall expire on August 31, 2017, unless sooner terminated in accordance with the terms and conditions of the Lease, as amended, (the “Expiration Date”).

4.   Basic Lease Provisions.  In furtherance of the foregoing, the following subsections of Section 1 of the Lease are hereby amended by deleting the present contents thereof and substituting therefor the following:

  

  

  

 

	 	
Section 1.2

	
Premises:       From the Commencement Date though April 30, 2011, the term “Premises” shall refer to the Original Premises and from May 1, 2011, the Expansion Premises Commencement Date, through the Expiration Date, the term “Premises” shall refer to both the Original Premises and the Expansion Premises.

	 	  	  
	 	
Section 1.3

	
Rentable Area of Premises:       From the Commencement Date though April 30, 2011, the term “Rentable Area of Premises” shall consist of 14,157 rentable square feet.  From and after May 1, 2011 through the Expiration Date, the term “Rentable Area of Premises” shall consist of 16,884 rentable square feet.

	 	  	  
	 	
Section 1.6

	
Term:       A period of ten (10) years and four (4) months commencing on the Commencement Date, May 1, 2007, and ending on the Expiration Date, August 31, 2017.

	 	  	  
	 	
Section 1.8

	
Base Rent:       Payable Monthly as Follows:

 

	
Period

	
Monthly Rental

	
Commencement Date - 8/31/2007

	
$0.00

	
9/1/07-8/31/08

	
$22,356.26

	
9/1/08-8/31/09

	
$23,253.87

	
9/1/09-8/31/10

	
$24,184.88

	
9/1/10-4/30/11

	
$25,152.27

	
5/1/11-8/31/11

	
$25,152.27

	
9/1/11-8/31/12

	
$30,359.19

	
9/1/12-8/31/13

	
$31,534.15

	
9/1/13-8/31/14

	
$32,749.06

	
9/1/14-8/31/15

	
$33,064.50

	
9/1/15-8/31/16

	
$34,056.44

	
9/1/16-8/31/17

	
$35,078.13

	 	
Section 1.11

	
Tenant’s Share:       From the Commencement Date though April 30, 2011, “Tenant’s Share” shall equal 13.48%.  From and after May 1, 2011 through the Expiration Date, “Tenant’s Share” shall equal 16.92%.

	 	  	  
	 	
Section 1.12

	
Base Year:       With respect to the Original Premises, the term “Base Year” shall remain 2007.  With respect to the Expansion Premises, the term “Base Year” shall mean 2011.

 

5.   Additional Tenant Improvements.  Tenant acknowledges and agrees that Landlord shall not be obligated to make, reimburse or otherwise bear the cost of any improvements or alterations to the Original Premises except as provided in the work letter agreement (the “Work Letter”) attached as Schedule 1 to this First Amendment to Lease and incorporated herein by reference.  Tenant shall accept the Expansion Premises on the Expansion Premises Commencement Date in its “AS IS, WHERE IS” condition without any obligation on the part of Landlord to make, reimburse or otherwise bear the cost of any improvements or alterations to the Expansion Premises.  Any alterations, additions or improvements to the Premises made by Tenant shall be subject to the terms, conditions and restrictions of Section 7.3 of the Lease.

  

2

  

 

6.   Delay in Possession.  In the event that Tenant is unable to occupy and utilize the Premises on or before May 15, 2011 due to the failure to complete any improvements or alterations to the Original Premises to be made pursuant to the Work Letter, Tenant shall receive one (1) day of free rent for each day that Tenant’s occupancy or utilization of the Premises is delayed.

7.   Authority.  The undersigned individual(s) executing this First Amendment to Lease on behalf of Tenant do hereby represent and warrant to Landlord that he, she or they are each fully empowered and authorized to execute and deliver this First Amendment to Lease on behalf of Tenant, that Tenant is duly authorized to enter into this First Amendment to Lease, and that this First Amendment to Lease is enforceable against Tenant in accordance with its terms.

8.   Exhibits and Schedules.  All exhibits and schedules referenced herein and attached hereto are incorporated herein by reference.

9.   Brokers/Indemnification.  Tenant represents and warrants to Landlord that it has had no dealings or entered into any agreements with any person, entity, broker, or finder in connection with the negotiation of this First Amendment to Lease other than Cornerstone Commercial Real Estate Services and Southeast Venture, LLC, whose fees shall be paid by Landlord pursuant to one or more separate written agreements, and no other person, entity, broker, or finder is entitled to any commission or finder’s fee in connection with the negotiation of this First Amendment to Lease.  Tenant agrees to indemnify, defend, and hold harmless Landlord from and against any and all claims, damages, costs, expenses, attorneys’ fees, or liability for compensation or charges which may be claimed by any such unnamed person, entity, broker, finder or other similar party by reason of any dealings, actions, or agreements of Tenant.

10.        Waiver of Claims.  As a material inducement to Landlord’s execution of this First Amendment to Lease, Tenant represents, warrants and covenants to Landlord, its successor and assigns, that as of the date hereof Tenant is not in default of any of its obligations or undertakings under the Lease, as amended, that to the knowledge of Tenant Landlord is not in default of any of Landlord’s obligations or undertakings under the Lease, as amended, that no event has occurred that, with the passage of time or giving of notice or both would constitute a default by Tenant or Landlord under the Lease, as amended.  Tenant hereby waives any and all claims that Tenant may have or claim to have in connection with any alleged breach or default by Landlord arising on or before the date hereof.

11.        Ratification of Lease.  Except as expressly modified hereby or made inconsistent herewith, all of the terms and conditions of the Lease shall remain unaltered and in full force and effect and are hereby ratified and confirmed.  Following the date hereof, all references to “the Lease” presently contained in the Office Lease Agreement shall be interpreted to refer to the Lease as amended hereby.

IN WITNESS WHEREOF, the parties hereto have executed this First Amendment as of the date first above written.

 

  

3

  

 

	LANDLORD:	 	Tenant:
	 	 	 	 	 
	SELF SERVICE MINI STORAGE	 	CROSS COUNTRY EDUCATION, LLC
	an Ohio general partnership	 	a Delaware Limited Liability Company
	 	 	 	 	 
	By:	/s/ Karen A. Aston 	 	By:	/s/ Gregory Greene
	 	 	 	 	 
	
Title:

	Operations Manager	 	Title:	President
	 	 	 	 	 
	Karen A. Aston	 	Gregory Greene
	Name Printed	 	Name Printed

 

 

  

4

  

 

EXHIBIT A

Expansion Premises

Attached

 

 

 

 

  

  

  

 

 

  

  

  

 

SCHEDULE 1

Work Letter

Attacheda6813259ex10_2.htm

Exhibit 10.2

 

SECOND AMENDMENT TO CREDIT AGREEMENT

This Second Amendment to the Credit Agreement (as defined below) (the “Amendment”) is dated as of July 21, 2011 (with a Second Amendment Effective Date as determined in accordance with Section 3 below), by and among CROSS COUNTRY HEALTHCARE, INC., a Delaware corporation (the “Borrower”), certain subsidiaries of the Borrower party hereto (the “Subsidiary Guarantors”), the Lenders party hereto (the “Lenders”) pursuant to an authorization (in the form attached hereto as Exhibit A, each a “Lender Authorization”) and WELLS FARGO BANK, NATIONAL ASSOCIATION (successor by merger to Wachovia Bank, National Association), a national banking association, as Administrative Agent for the Lenders party to the Credit Agreement.

STATEMENT OF PURPOSE:

The Borrower, the Lenders and the Administrative Agent are parties to the Credit Agreement dated as of November 10, 2005 and amended and restated as of September 9, 2008 (as further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”).

 

The Borrower and the Subsidiary Guarantors have requested that the Administrative Agent and the Lenders agree to amend the Credit Agreement as more specifically set forth herein.  Subject to the terms and conditions set forth herein, the Administrative Agent and the Lenders have agreed to grant such requests of the Borrower and the Subsidiary Guarantors.

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

1.  Capitalized Terms.  All capitalized undefined terms used in this Amendment (including, without limitation, in the introductory paragraph and the statement of purpose hereto) shall have the meanings assigned thereto in the Credit Agreement.

 

2.  Amendments to Credit Agreement.  Subject to and in accordance with the terms and conditions set forth herein, and effective on and after the Second Amendment Effective Date (as defined below), the Credit Agreement is hereby amended by amending and restating Section 11.3(c) of the Credit Agreement in its entirety as follows:

 

“(c)           investments in (i) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency thereof maturing within one year from the date of acquisition thereof, (ii) commercial paper maturing no more than one hundred-eighty (180) days from the date of creation thereof and currently having the highest rating obtainable from either Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. or Moody’s Investors Service, Inc., (iii) certificates of deposit maturing no more than three hundred-sixty-five (365) days from the date of creation thereof, issued by commercial banks, savings banks or savings and loan associations incorporated under the laws of the United States, each having combined capital, surplus and undivided profits of not less than $500,000,000 and having a rating of “A” or better by a nationally recognized rating agency; provided, that the aggregate amount invested in such certificates of deposit shall not at any time exceed $5,000,000 for any one such certificate of deposit and $10,000,000 for any one such bank, (iv) money market funds at commercial banks, savings banks or savings and loan associations incorporated under the laws of the United States, each having combined capital, surplus and undivided profits of not less than $500,000,000 and having a rating of “A” or better by a nationally recognized rating agency; provided, that the aggregate amount invested in such money market funds shall not at any time exceed $10,000,000 for any one such bank, (v) time deposits maturing no more than thirty (30) days from the date of creation thereof with commercial banks or savings banks or savings and loan associations each having membership either in the FDIC or the deposits of which are insured by the FDIC and in amounts not exceeding the maximum amounts of insurance thereunder, or (vi) other investments approved in writing by the Required Lenders (all of the foregoing described in this Section 11.3(c), “Cash Equivalents”);”

 

  

  

  

 

3.  Conditions to Effectiveness.  This Amendment shall be deemed to be effective upon the satisfaction of each of the following conditions (the “Second Amendment Effective Date”):

 

(a)           the Administrative Agent shall have received counterparts of this Amendment executed by the Administrative Agent (on behalf of itself and the Lenders), the Borrower and each of the Subsidiary Guarantors;

 

(b)           the Administrative Agent shall have received executed Lender Authorizations from Lenders constituting Required Lenders;

 

(c)           the Administrative Agent shall have been paid or reimbursed for all reasonable out-of-pocket charges and other expenses incurred in connection with this Amendment, including, without limitation, the reasonable fees and disbursements of counsel for the Administrative Agent and consultant fees and expenses;

 

(d)           the Administrative Agent shall have received such other instruments, documents and certificates as the Administrative Agent shall reasonably request in connection with the execution of this Amendment.

 

4.  Effect of the Amendment.  Except as expressly provided herein, the Credit Agreement and the other Loan Documents shall remain unmodified and in full force and effect.  Except as expressly set forth herein, this Amendment shall not be deemed (i) to be a waiver of, or consent to, a modification or amendment of, any other term or condition of the Credit Agreement or any other Loan Document, (ii) to prejudice any other right or rights which the Administrative Agent or the Lenders may now have or may have in the future under or in connection with the Credit Agreement or the other Loan Documents or any of the instruments or agreements referred to therein, as the same may be amended, restated, supplemented or otherwise modified from time to time, (iii) to be a commitment or any other undertaking or expression of any willingness to engage in any further discussion with the Borrower or any other Person with respect to any waiver, amendment, modification or any other change to the Credit Agreement or the Loan Documents or any rights or remedies arising in favor of the Lenders or the Administrative Agent, or any of them, under or with respect to any such documents or (iv) to be a waiver of, or consent to or a modification or amendment of, any other term or condition of any other agreement by and among the Borrower, on the one hand, and the Administrative Agent or any other Lender, on the other hand.  References in the Credit Agreement to “this Agreement” (and indirect references such as “hereunder”, “hereby”, “herein”, and “hereof”) and in any Loan Document to the Credit Agreement shall be deemed to be references to the Credit Agreement as modified hereby.

 

5.  Representations and Warranties/No Default.  By their execution hereof,

 

(a)           The Borrower and each Subsidiary Guarantor hereby certifies, represents and warrants to the Administrative Agent and the Lenders that each of the representations and warranties set forth in the Credit Agreement and the other Loan Documents is true and correct in all material respects as of the date hereof (except to the extent that (i) any such representation or warranty that is qualified by materiality or by reference to Material Adverse Effect, in which case such representation or warranty is true and correct in all respects as of the date hereof or (ii) any such representation or warranty relates only to an earlier date, in which case such representation or warranty shall remain true and correct as of such earlier date) and that no Default or Event of Default has occurred or is continuing.

  

2

  

 

(b)           The Borrower and each Subsidiary Guarantor hereby certifies, represents and warrants to the Administrative Agent and the Lenders that:

(i)           it has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and performance of this Amendment and each of the other documents executed in connection herewith to which it is a party in accordance with their respective terms and the transactions contemplated hereby; and

(ii)           this Amendment and each other document executed in connection herewith has been duly executed and delivered by the duly authorized officers of the Borrower and each of the Subsidiary Guarantors, and each such document constitutes the legal, valid and binding obligation of the Borrower and each of the Subsidiary Guarantors, enforceable in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal debtor relief laws from time to time in effect which affect the enforcement of creditors’ rights in general and the availability of equitable remedies.

6.  Reaffirmations. Each Credit Party (a) agrees that the transactions contemplated by this Amendment shall not limit or diminish the obligations of such Person under, or release such Person from any obligations under, any of the Subsidiary Guaranty Agreement, the Collateral Agreement or any other Security Document to which it is a party, (b) confirms and reaffirms its obligations under the Subsidiary Guaranty Agreement, the Collateral Agreement and each other Security Document to which it is a party, (c) agrees that the Subsidiary Guaranty Agreement, the Collateral Agreement and each other Security Document to which it is a party remain in full force and effect and are hereby ratified and confirmed and (d) acknowledges that Wells Fargo Bank, National Association is the Administrative Agent under the Credit Agreement and each other Loan Document.  In furtherance of the reaffirmations set forth in this Section 6, each Credit Party hereby grants to Wells Fargo Bank, National Association, as the Administrative Agent, for the ratable benefit of the Secured Parties, a security interest in, all Collateral and all proceeds thereof as security for the Obligations, in each case subject to any applicable terms and conditions set forth in the Subsidiary Guaranty Agreement, the Collateral Agreement and each other Security Document to which it is a party.

7.  Governing Law.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO THE CONFLICTS OF LAW PRINCIPLES THEREOF.

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

9.  Electronic Transmission.  A facsimile, telecopy, pdf or other reproduction of this Amendment may be executed by one or more parties hereto, and an executed copy of this Amendment may be delivered by one or more parties hereto by facsimile or similar instantaneous electronic transmission device pursuant to which the signature of or on behalf of such party can be seen, and such execution and delivery shall be considered valid, binding and effective for all purposes.  At the request of any party hereto, all parties hereto agree to execute an original of this Amendment as well as any facsimile, telecopy, pdf or other reproduction hereof.

  

3

  

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date and year first above written.

 

	  	
BORROWER:

	  	  	  
	  	
CROSS COUNTRY HEALTHCARE, INC.

	  	  	  
	  	  	  
	  	
By:

	/s/ Emil Hensel
	  	
Name:

	
Emil Hensel

	  	
Title:

	
Chief Financial Officer

	 	 	 
	 	 	 
	 	 	 
	  	
SUBSIDIARY GUARANTORS:

	  	  	  
	  	
ASSIGNMENT AMERICA, INC.

	  	  	  
	  	  	  
	  	
By:

	/s/ Emil Hensel
	  	
Name:

	
Emil Hensel

	  	
Title:

	
Vice President

	 	 	 
	 	 	 
	  	
CROSS COUNTRY TRAVCORPS, INC.

	  	  	  
	  	  	  
	  	
By:

	/s/ Emil Hensel
	  	
Name:

	
Emil Hensel

	  	
Title:

	
Vice President

	 	 	 
	 	 	 
	  	
CROSS COUNTRY LOCAL, INC.

	  	  	  
	  	  	  
	  	
By:

	/s/ Emil Hensel
	  	
Name:

	
Emil Hensel

	  	
Title:

	
Vice President

	 	 	 
	 	 	 
	  	
CC STAFFING, INC.

	  	  	  
	  	  	  
	  	
By:

	/s/ Emil Hensel
	  	
Name:

	
Emil Hensel

	  	
Title:

	
President

 

[Signature Pages Continue]

  

  

  

	  	
CEJKA SEARCH, INC.

	  	  	  
	  	  	  
	  	
By:

	/s/ Emil Hensel
	  	
Name:

	
Emil Hensel

	  	
Title:

	
Vice President

	 	 	 
	 	 	 
	  	
CLINFORCE, LLC

	  	  	  
	  	  	  
	  	
By:

	/s/ Emil Hensel
	  	
Name:

	
Emil Hensel

	  	
Title:

	
Vice President

	 	 	 
	 	 	 
	  	
CROSS COUNTRY EDUCATION, LLC

	  	  	  
	  	  	  
	  	
By:

	/s/ Emil Hensel
	  	
Name:

	
Emil Hensel

	  	
Title:

	
Vice President

	 	 	 
	 	 	 
	  	
MED-STAFF, INC.

	  	  	  
	  	  	  
	  	
By:

	/s/ Emil Hensel
	  	
Name:

	
Emil Hensel

	  	
Title:

	
Vice President

	 	 	 
	 	 	 
	  	
CROSS COUNTRY CAPITAL, INC.

	  	  	  
	  	  	  
	  	
By:

	/s/ Emil Hensel
	  	
Name:

	
Emil Hensel

	  	
Title:

	
Chairman and Vice President

	 	 	 
	 	 	 
	  	
MCVT, INC.

	  	  	  
	  	  	  
	  	
By:

	/s/ Emil Hensel
	  	
Name:

	
Emil Hensel

	  	
Title:

	
Vice President

 

[Signature Pages Continue]

  

  

  

 

	  	
METROPOLITAN RESEARCH ASSOCIATES, INC.

	  	  	  
	  	  	  
	  	
By:

	/s/ Victor Kalafa
	  	
Name:

	
Victor Kalafa

	  	
Title:

	
President

	 	 	 
	 	 	 
	  	
MRA SEARCH, INC.

	  	  	  
	  	  	  
	  	
By:

	/s/ Emil Hensel
	  	
Name:

	
Emil Hensel

	  	
Title:

	
Vice President

	 	 	 
	 	 	 
	  	
ASSENT CONSULTING

	  	  	  
	  	  	  
	  	
By:

	/s/ Victor Kalafa
	  	
Name:

	
Victor Kalafa

	  	
Title:

	
Vice President

	 	 	 
	 	 	 
	  	
MDA HOLDINGS, INC.

	  	  	  
	  	  	  
	  	
By:

	/s/ Emil Hensel
	  	
Name:

	
Emil Hensel

	  	
Title:

	
Vice President

	 	 	 
	 	 	 
	  	
MEDICAL DOCTOR ASSOCIATES, LLC

	  	  	  
	  	  	  
	  	
By:

	/s/ Emil Hensel
	  	
Name:

	
Emil Hensel

	  	
Title:

	
Vice President

	 	 	 
	 	 	 
	  	
ALLIED HEALTH GROUP, LLC

	  	  	  
	  	  	  
	  	
By:

	/s/ Emil Hensel
	  	
Name:

	
Emil Hensel

	  	
Title:

	
Vice President

 

[Signature Pages Continue]

  

  

  

 

	  	
CREDENT VERIFICATION AND LICENSING SERVICES, LLC

	  	  	  
	  	  	  
	  	
By:

	 
/s/ Emil Hensel

	  	
Name:

	
Emil Hensel

	  	
Title:

	
Vice President

	 	 	 
	 	 	 
	  	
CC LOCAL, INC.

	  	  	  
	  	  	  
	  	
By:

	/s/ Emil Hensel
	  	
Name:

	
Emil Hensel

	  	
Title:

	
President

 

[Signature Pages Continue]

  

  

  

 

	  	
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent (on behalf of itself and each of the Required Lenders) and as Issuing Lender, Swingline Lender and a Lender

	  	  	  
	 	 	 
	  	  	  
	  	
By:

	
 
/s/ Jackie Ledea

	  	
Name:

	
Jackie Ledea

	 	Title:	SVP

 

 

 

  

  

  

 

Exhibit A

Form of Lender Authorization

 

 

 

 

  

  

  

 

LENDER AUTHORIZATION

Cross Country Healthcare, Inc.

Second Amendment

______________, 2011

Wells Fargo Bank, National Association, as Administrative Agent

NC0680

1525 West W.T. Harris Blvd.

Charlotte, North Carolina 28262

Attention of:  Syndication Agency Services

Telephone No.:  (704) 590-2703

Telecopy No.:  (704) 590-3481

	
  

	
Re:

	
Second Amendment to the Credit Agreement (as defined below) dated as of July __, 2011 (the “Amendment”), relating to that certain Credit Agreement dated as of November 10, 2005 and amended and restated as of September 9, 2008 (as further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among CROSS COUNTRY HEALTHCARE, INC., a Delaware corporation (the “Borrower”) the Lenders party thereto (the “Lenders”) and WELLS FARGO BANK, NATIONAL ASSOCIATION (successor by merger to Wachovia Bank, National Association), a national banking association, as Administrative Agent for the Lenders party to the Credit Agreement.

 

This Lender Authorization acknowledges our receipt and review of the execution copy of the Amendment in the form posted on SyndTrak Online or otherwise distributed to us by the Administrative Agent.  By executing this Lender Authorization, we hereby approve the Amendment, and authorize the Administrative Agent to execute and deliver the Amendment on our behalf.

Each financial institution executing this Lender Authorization agrees or reaffirms that it shall be a party to the Amendment and the other Loan Documents (as defined in the Credit Agreement) to which the Lender is a party and shall have the rights and obligations of a Lender (as defined in the Credit Agreement), and agrees to be bound by the terms and provisions applicable to a “Lender”, under each such agreement.  In furtherance of the foregoing, each financial institution executing this Lender Authorization agrees to execute any additional documents reasonably requested by the Administrative Agent to evidence such financial institution’s rights and obligations under the Credit Agreement.

A facsimile, telecopy, pdf or other reproduction of this Lender Authorization may be executed by one or more parties hereto, and an executed copy of this Lender Authorization may be delivered by one or more parties hereto by facsimile or similar instantaneous electronic transmission device pursuant to which the signature of or on behalf of such party can be seen, and such execution and delivery shall be considered valid, binding and effective for all purposes.

 

 

	 	 	 
	 	[Insert name of applicable financial institution]	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00192-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00192-of-00352.parquet"}]]