SEC Contract Filing

Filing Date: 2016-08-08

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>ex104fourthamend4tharrpa.htm
<DESCRIPTION>EXHIBIT 10.4
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<DIV><FONT size="1" style="font-size:1pt;color:white">EXECUTION VERSION &#13;&#10;720482945 99551574 &#13;&#10; &#13;&#10; &#13;&#10;FOURTH AMENDMENT TO FOURTH AMENDED AND RESTATED &#13;&#10;RECEIVABLES PURCHASE AGREEMENT &#13;&#10; &#13;&#10; &#13;&#10;THIS FOURTH AMENDMENT TO FOURTH AMENDED AND RESTATED &#13;&#10;RECEIVABLES PURCHASE AGREEMENT (this &#8220;Amendment&#8221;), dated as of May 27, 2016, is &#13;&#10;entered into among WESCO RECEIVABLES CORP. (the &#8220;Seller&#8221;), WESCO DISTRIBUTION, &#13;&#10;INC. (&#8220;WESCO&#8221; or the &#8220;Servicer&#8221;), the Purchasers (each, a &#8220;Purchaser&#8221;) and Purchaser Agents &#13;&#10;(each, a &#8220;Purchaser Agent&#8221;) party hereto, and PNC BANK, NATIONAL ASSOCIATION, as &#13;&#10;Administrator (the &#8220;Administrator&#8221;). &#13;&#10;RECITALS &#13;&#10;1. The Seller, the Servicer, each Purchaser, each Purchaser Agent and the &#13;&#10;Administrator are parties to the Fourth Amended and Restated Receivables Purchase Agreement, &#13;&#10;dated as of September 24, 2015 (as amended through the date hereof, the &#8220;Agreement&#8221;). &#13;&#10;2. Concurrently herewith, the Seller, the Servicer and the Originators are entering &#13;&#10;into that certain Third Amendment to Amended and Restated Purchase and Sale Agreement (the &#13;&#10;&#8220;Purchase and Sale Agreement Amendment&#8221;), dated as of the date hereof. &#13;&#10;3. Concurrently herewith, the Seller, the Administrator, JPMorgan Chase Bank, &#13;&#10;N.A., Credit Suisse AG, Cayman Islands Branch, the Seller, WESCO and the Originators are &#13;&#10;entering into that certain Joinder Agreement (the &#8220;Intercreditor Joinder&#8221;), dated as of the date &#13;&#10;hereof. &#13;&#10;4. The parties hereto desire to amend the Agreement as hereinafter set forth. &#13;&#10;NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of &#13;&#10;which are hereby acknowledged, the parties agree as follows: &#13;&#10;1. Certain Defined Terms. Capitalized terms that are used herein without definition &#13;&#10;and that are defined in Exhibit I to the Agreement shall have the same meanings herein as therein &#13;&#10;defined. &#13;&#10;2. Consents. &#13;&#10;(a) Each of the parties hereto hereby consents to the execution, delivery and &#13;&#10;performance of the Intercreditor Joinder, a copy of which is attached hereto as Exhibit A. &#13;&#10;On and after the date hereof, each reference in the Agreement to the &#8220;Intercreditor &#13;&#10;Agreement&#8221; shall be deemed to be a reference to the Intercreditor Agreement as amended &#13;&#10;by the Intercreditor Joinder. &#13;&#10;(b) Each of the parties hereto hereby consents to the execution, delivery and &#13;&#10;performance of the Purchase and Sale Agreement Amendment, a copy of which is &#13;&#10;attached hereto as Exhibit B. On and after the date hereof, each reference in the &#13;&#10;&#13;&#10;</FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> &#13;&#10; 2 &#13;&#10;720482945 99551574 &#13;&#10;Agreement to &#8220;Sale Agreement&#8221; shall be deemed to be a reference to the Sale Agreement &#13;&#10;as amended by the Purchase and Sale Agreement Amendment. &#13;&#10;3. Representations and Warranties. The Seller and the Servicer hereby represent &#13;&#10;and warrant to each of the parties hereto as follows: &#13;&#10;(a) Representations and Warranties. The representations and warranties &#13;&#10;contained in Exhibit III of the Agreement are true and correct as of the date hereof. &#13;&#10;(b) No Default. Both before and immediately after giving effect to this &#13;&#10;Amendment and the transactions contemplated hereby, no Termination Event or &#13;&#10;Unmatured Termination Event exists or shall exist. &#13;&#10;4. Effect of Amendment. All provisions of the Agreement, as expressly amended and &#13;&#10;modified by this Amendment shall remain in full force and effect. As of and after the Effective &#13;&#10;Time, all references in the Agreement (or in any other Transaction Document) to &#8220;this &#13;&#10;Agreement&#8221;, &#8220;hereof&#8221;, &#8220;herein&#8221; or words of similar effect referring to the Agreement shall be &#13;&#10;deemed to be references to the Agreement as amended by this Amendment. This Amendment &#13;&#10;shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision &#13;&#10;of the Agreement other than as set forth herein. &#13;&#10;5. Effectiveness. This Amendment shall become effective as of the time (the &#13;&#10;&#8220;Effective Time&#8221;) at which the Administrator has executed this Amendment and receives each of &#13;&#10;the following: (A) counterparts of this Amendment (whether by facsimile or otherwise) executed &#13;&#10;by each of the other parties hereto, in form and substance satisfactory to the Administrator in its &#13;&#10;sole discretion, (B) counterparts of the Purchase and Sale Agreement Amendment (whether by &#13;&#10;facsimile or otherwise) executed by each of the parties thereto, in form and substance &#13;&#10;satisfactory to the Administrator in its sole discretion, (C) counterparts of the Intercreditor &#13;&#10;Joinder (whether by facsimile or otherwise) executed by each of the parties thereto, in form and &#13;&#10;substance reasonably sat