SEC Contract Filing

Filing Date: 2019-07-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit10120190630.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<div><a name="s926dadbbe5b54969906951eac8d80622"></a></div><div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EXECUTION VERSION</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THIRD AMENDMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This THIRD AMENDMENT (this &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;), dated as of April 25 2019, is made by and among LPL Holdings, Inc., a Massachusetts corporation (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Borrower</font><font style="font-family:inherit;font-size:12pt;">&#8221;), LPL Financial Holdings Inc., a Delaware corporation (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Holdings</font><font style="font-family:inherit;font-size:12pt;">&#8221;), each subsidiary of the Borrower listed on the signature pages hereto (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Subsidiary Guarantors</font><font style="font-family:inherit;font-size:12pt;">&#8221;; the Subsidiary Guarantors, together with Holdings, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Guarantors</font><font style="font-family:inherit;font-size:12pt;">&#8221;; and the Guarantors, together with the Borrower, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Credit Parties</font><font style="font-family:inherit;font-size:12pt;">&#8221;), JPMorgan Chase Bank, N.A. (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">JPMorgan</font><font style="font-family:inherit;font-size:12pt;">&#8221;), as administrative agent for the Lenders (as defined below) under the Amended Credit Agreement (as defined below) (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Administrative Agent</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and the Lenders party hereto.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">PRELIMINARY STATEMENTS</font><font style="font-family:inherit;font-size:12pt;">:</font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:96px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">(1)</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Credit Agreement</font><font style="font-family:inherit;font-size:12pt;">. The Borrower, Holdings, the Administrative Agent, the arrangers and other agents party thereto, JPMorgan, Goldman Sachs Bank USA, and Morgan Stanley Bank, N.A. (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">MSB</font><font style="font-family:inherit;font-size:12pt;">&#8221;), as swingline lenders, JPMorgan, MSB and Bank of America, N.A., as letter of credit issuers, and the banks and other financial institutions from time to time party thereto as lenders (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Lenders</font><font style="font-family:inherit;font-size:12pt;">&#8221;) are parties to that certain Amended and Restated Credit Agreement, dated as of March 10, 2017 (as amended by that certain Amendment Agreement, dated as of June 20, 2017, that certain Second Amendment, dated as of September 21, 2017, and as otherwise amended, restated, amended and restated, extended, supplemented or otherwise modified in writing from time to time prior to the date hereof, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Credit Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;, and as further amended by this Agreement, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Amended Credit Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;). Capitalized terms not otherwise defined in this Agreement have the same meanings as specified in the Amended Credit Agreement; </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:96px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">(2)</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Amendments</font><font style="font-family:inherit;font-size:12pt;">. The Borrower desires to effect the Amendments (as defined below) as hereinafter set forth;</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:96px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">(3)</font><font style="font-family:inherit;font-size:12p