SEC Contract Filing

Filing Date: 2024-02-16

Document Content:
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<FILENAME>exhibit103-amendmentnoic.htm
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<DIV><FONT size="1" style="font-size:1pt;color:white">Execution Version AMENDMENT NO. 1 TO THE CREDIT AGREEMENT Dated as of February 16, 2024 AMENDMENT NO. 1 TO THE CREDIT AGREEMENT (this &#8220;Amendment&#8221;) among Aon Corporation, a Delaware corporation (the &#8220;Borrower Representative&#8221;), the Lenders (as defined below) party hereto and Citibank, N.A., as administrative agent (the &#8220;Administrative Agent&#8221;) for the Lenders PRELIMINARY STATEMENTS: (1) The Borrower Representative and certain of its Affiliates from time to time party thereto, the lenders from time to time party thereto (the &#8220;Lenders&#8221;) and the Administrative Agent are parties to a Credit Agreement dated as of October 19, 2023 (as amended, supplemented or otherwise modified from time to time, the &#8220;Credit Agreement&#8221;). Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement. (2) The parties hereto desire to make the amendments to the Credit Agreement set forth below on the terms as hereinafter set forth. NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of all of which are hereby acknowledged, the parties hereto hereby agree as follows: SECTION 1. Amendments to Credit Agreement. Each of the parties hereto agrees that, effective on the Amendment Effective Date (as defined below) the Credit Agreement shall be amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text) as set forth in Annex I hereto. Any Schedule or Exhibit to the Credit Agreement not amended pursuant to the terms of this Amendment or otherwise included as part of Annex I shall remain in effect without any amendment or other modification thereto. SECTION 2. Conditions to Effectiveness. This Amendment shall become effective on the first date (the &#8220;Amendment Effective Date&#8221;) on which the Administrative Agent shall have received the following: (a) counterparts hereof executed by the Borrower Representative and Lenders collectively constituting the Required Lenders as of immediately prior to the Amendment Effective Date; and (b) a certificate, dated the Amendment Effective Date, signed by an Authorized Officer of the Borrower Representative, in form and substance satisfactory to the Administrative Agent, to the effect that: (i) on such date (after giving effect to this Amendment) no Default or Unmatured Default has occurred and is continuing and (ii) each of the representations and </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">2 warranties set forth in Article V of the Credit Agreement is true and correct (in all respects to the extent qualified by &#8220;material&#8221; or &#8220;material adverse effect&#8221; and in all material respects to the extent not so qualified) as of such date (or, to the extent that any such representation and warranty specifically refers to an earlier date, as of such earlier date). SECTION 3. Reference to and Effect on the Credit Agreement and the Other Loan Documents. (a) On and after the effectiveness of this Amendment, each reference in the Credit Agreement to &#8220;this Agreement&#8221;, &#8220;hereunder&#8221;, &#8220;hereof&#8221; or words of like import referring to the Credit Agreement, and each reference in any other Loan Document to &#8220;the Credit Agreement&#8221;, &#8220;thereunder&#8221;, &#8220;thereof&#8221; or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Amendment. (b) The Credit Agreement and the other Loan Documents, as specifically amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. (c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under the Credit Agreement, nor constitute a waiver of any provision of the Credit Agreement. (d) This Amendment is subject to the provisions of Section 8.2 of the Credit Agreement and constitutes a Loan Document. SECTION 4. Costs and Expenses. The Borrower Representative agrees to pay promptly on demand all reasonable costs and out-of-pocket expenses of the Administrative Agent (in its capacity as such) in connection with the preparation, execution, delivery and administration, modification and amendment of this Amendment (including, without limitation, the reasonable fees and out-of-pocket expenses of a single counsel for the Administrative Agent with respect thereto and with respect to advising the Administrative Agent as to its rights and responsibilities hereunder) in accordance with the terms of Section 9.6 of the Credit Agreement. SECTION 5. Execution in Counterparts. This Amendment may be executed in any number of counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Agreement by signing any such counterpart. Delivery of an execute