SEC Contract Filing

Filing Date: 2024-03-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.16
<SEQUENCE>2
<FILENAME>crda-ex10_16.htm
<DESCRIPTION>EX-10.16
<TEXT>
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 <div style="padding-top:0.5in;min-height:0.44in;box-sizing:border-box;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">Exhibit 10.16</font></p></div>
 <p style="font-size:10pt;margin-top:3.9pt;font-family:Times New Roman;margin-bottom:0;margin-right:1.083%;text-align:right;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Execution Version</font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">&#160;</font></p>
 <p style="font-size:10pt;margin-top:0.1pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:12pt;font-family:Times New Roman;min-width:fit-content;">&#160;</font></p>
 <p style="margin-left:21.227%;font-size:10pt;margin-top:1.6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">SECOND AMENDMENT TO CREDIT AGREEMENT</font></p>
 <p style="font-size:10pt;margin-top:0.85pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">&#160;</font></p>
 <p style="margin-left:0.92%;text-indent:6.779%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;margin-right:0.731%;text-align:justify;"><font style="color:#000000;white-space:pre-wrap;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this &#x201c;</font><font style="color:#000000;white-space:pre-wrap;text-decoration:underline;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">Agreement</font><font style="color:#000000;white-space:pre-wrap;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">&#x201d;), dated as of January 29, 2024 (the &#x201c;</font><font style="color:#000000;white-space:pre-wrap;text-decoration:underline;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">Second Amendment Effective Date</font><font style="color:#000000;white-space:pre-wrap;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">&#x201d;), is entered into among Crawford &amp; Company, a Georgia corporation (&#x201c;</font><font style="color:#000000;white-space:pre-wrap;text-decoration:underline;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">Crawford</font><font style="color:#000000;white-space:pre-wrap;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">&#x201d;), the other Borrowers party hereto, and Bank of America, N.A., as the Administrative Agent. All capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the Existing Credit Agreement (as defined below) or the Amended Credit Agreement (as defined below), as applicable.</font></p>
 <p style="font-size:10pt;margin-top:0.45pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">&#160;</font></p>
 <p style="margin-left:39.053%;font-size:10pt;margin-top:1.6pt;font-family:Times New Roman;margin-bottom:0;margin-right:39.259%;text-align:center;"><font style="color:#000000;white-space:pre-wrap;text-decoration:underline;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">RECITALS</font></p>
 <p style="font-size:10pt;margin-top:0.45pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">&#160;</font></p>
 <p style="margin-left:0.92%;text-indent:6.779%;font-size:10pt;margin-top:1.6pt;font-family:Times New Roman;margin-bottom:0;margin-right:0.731%;text-align:justify;"><font style="color:#000000;white-space:pre-wrap;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">WHEREAS, Crawford, the other Borrowers party thereto, the Lenders from time to time party hereto, Bank of America, N.A., as the Administrative Agent, the Australian Security Trustee, the UK Security Trustee, a Swing Line Lender and a L/C Issuer, the other Swing Line Lenders from time to time party thereto, and the other L/C Issuers from time to time party thereto, entered into that certain Credit Agreement, dated as of November 5, 2021 (as amended, restated, amended and restated, extended, supplemented or otherwise modified in writing from time to time prior to the Second Amendment Effective Date, the &#x201c;</font><font style="color:#000000;white-space:pre-wrap;text-decoration:underline;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">Existing Credit Agreement</font><font style="color:#000000;white-space:pre-wrap;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">&#x201d;).</font></p>
 <p style="font-size:10pt;margin-top:0.8pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">&#160;</font></p>
 <p style="margin-left:0.92%;text-indent:6.778%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;margin-right:0.722%;text-align:justify;"><font style="color:#000000;white-space:pre-wrap;font-size:11pt;font-family:Times New Roman;min-width:fit-content;">WHEREAS, the Administrative Agent and Crawford have determi