SEC Contract Filing

Filing Date: 2024-07-24

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<DIV><FONT size="1" style="font-size:1pt;color:white">EXECUTION VERSION CONFIDENTIAL [[6313018]] 4868-4151-0070 v.2 AMENDMENT NO. 1 TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT AMENDMENT NO. 1 TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT, dated as of May 7, 2024 (this &#8220;Amendment&#8221;), to that certain Fourth Amended and Restated Credit Agreement, dated as of June 30, 2022 (as heretofore amended, restated, extended, supplemented or otherwise modified, the &#8220;Existing Credit Agreement&#8221;), among United Rentals, Inc., a Delaware corporation, as Guarantor, United Rentals (North America), Inc., a Delaware corporation, as Borrower (the &#8220;Borrowers&#8217; Agent&#8221;), the other Borrowers party thereto, the other Guarantors party thereto, the financial institutions party thereto from time to time (the &#8220;Lenders&#8221;) and Bank of America, N.A., as agent for the Lenders (in such capacity, together with any successor in such capacity, the &#8220;Agent&#8221;), and the other parties thereto. WHEREAS, the Agent has made the determination referred to in Section 5.7(d) of the Existing Credit Agreement and, the Agent and the Borrowers&#8217; Agent desire, in accordance with Section 5.7 of the Existing Credit Agreement and subject to the terms and conditions set forth below, to replace the BA Rate (as defined in the Existing Credit Agreement) for Canadian Revolving Loans with Term CORRA, make certain Benchmark Replacement Conforming Changes (as defined in the Existing Credit Agreement) and amend the Existing Credit Agreement on the terms set forth herein (the Existing Credit Agreement, as so amended, the &#8220;Amended Credit Agreement&#8221;). WHEREAS, in accordance with Section 5.7 of the Existing Credit Agreement, this Amendment shall become effective without any further action or consent of any other party to the Existing Credit Agreement at 5:00 p.m., New York City time, on the fifth Business Day after April 30, 2024 (the date on which a copy of this Amendment is provided to the Lenders), unless, prior to such time, Lenders constituting the Required Lenders have delivered to the Agent written notice that such Required Lenders object to this Amendment. NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, it is agreed as follows: SECTION 1 CAPITALIZED TERMS. 1.1 Capitalized terms used but not defined herein shall have the respective meanings assigned to such terms in the Amended Credit Agreement. SECTION 2 AMENDMENT TO THE EXISTING CREDIT AGREEMENT. 2.1 Effective as of the Amendment No. 1 Effective Date (as defined below): (a) the Existing Credit Agreement is hereby amended by inserting the language indicated in single underlined text (indicated textually in the same manner as the following examples: single-underlined text or single-underlined text) in Exhibit A hereto and by deleting the language indicated by strikethrough text (indicated textually in Exhibit 10(b) </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> 2 [[6313018]] 4868-4151-0070 v.2 the same manner as the following example: stricken text or stricken text) in Exhibit A hereto; and (b) each of Exhibits B and C to the Existing Credit Agreement is hereby amended and restated in its entirety to be in the form of Exhibits B and C hereto, respectively. SECTION 3 REPRESENTATIONS AND WARRANTIES. The Borrowers&#8217; Agent represents and warrants to the Agent and the Lenders that: 3.1 This Amendment has been duly executed and delivered by the Borrowers&#8217; Agent and constitutes a legal, valid and binding obligation of the Borrowers&#8217; Agent, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors&#8217; rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 3.2 On and as of the Amendment No. 1 Effective Date, (i) the representations and warranties contained in Article VI of the Amended Credit Agreement are true and correct in all material respects on and as of the Amendment No. 1 Effective Date as if made on and as of such date, except to the extent any such representation or warranty (A) relates solely to an earlier date, in which case it is true and correct as of such earlier date, or (B) is qualified by materiality or subject to a Material Adverse Effect qualification, in which case it is true and correct in all respects on and as of such date or such earlier date and (ii) no Default or Event of Default has occurred and is continuing. SECTION 4 EFFECTIVENESS OF THIS AMENDMENT. This Amendment shall become effective on the first date (the &#8220;Amendment No. 1 Effective Date&#8221;) on which the following conditions shall have been satisfied: 4.1 the Agent shall have executed a counterpart of this Amendment and shall have received a counterpart of this Amendment signed on behalf of the Borrowers&#8217; Agent (which, subject to Section 5.5 hereof, may include any electronic signatures transmitted by emailed pdf or any other electronic means that reproduces an image of an actual executed signature page of this Amendment); 4.2 the Agent shall have prov