SEC Contract Filing

Filing Date: 2016-12-09

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d309646dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">THIRD
AMENDMENT </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">THIRD AMENDMENT, dated as of December&nbsp;8, 2016 (this &#147;<U>Amendment</U>&#148;), to the Second Amended and Restated
Credit Agreement, dated as of September&nbsp;10, 2014 (as amended, supplemented or otherwise modified prior to the date hereof, including as amended by the First Amendment, dated as of June&nbsp;26, 2015, and the Second Amendment, dated as of
April&nbsp;1, 2016, the &#147;<U>Credit Agreement</U>&#148;), among Marriott Vacations Worldwide Corporation, a Delaware corporation (&#147;<U>MVWC</U>&#148;), Marriott Ownership Resorts, Inc., a Delaware corporation (the
&#147;<U>Borrower</U>&#148;), the several banks and other financial institutions or entities from time to time party thereto (the &#147;<U>Lenders</U>&#148;), Bank of America, N.A. and Deutsche Bank Securities Inc., as co-syndication agents, Bank of
America, N.A. and Deutsche Bank Securities Inc. as co-documentation agents and JPMorgan Chase Bank, N.A., as administrative agent (the &#147;<U>Administrative Agent</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>W I T N E S S E T H </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, MVWC, the Borrower, the Lenders and the Administrative Agent are parties to the Credit Agreement; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, MVWC and the Borrower have requested that the Credit Agreement be amended as set forth herein; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, Lenders constituting the Required Lenders and the Administrative Agent are willing to agree to this Amendment on the terms set forth
herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, the parties hereto agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 1. <U>Capitalized Terms</U>. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the
Credit Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 2. <U>Amendments</U>. (a)&nbsp;The Credit Agreement is hereby amended as of the Third Amendment Effective Date
to delete the stricken text (indicated textually in the same manner as the following example: <FONT STYLE="font-family:Times New Roman" COLOR="#ff4338"><STRIKE>stricken text</STRIKE></FONT><FONT STYLE="font-family:Times New Roman">) and to add the
double-underlined text (indicated textually in the same manner as the following example: </FONT><FONT STYLE="font-family:Times New Roman" COLOR="#0d8dd3"><U STYLE="border-bottom:1pt double; padding-bottom:1pt">double-underlined text</U></FONT><FONT
STYLE="font-family:Times New Roman">) as set forth in the pages of the Credit Agreement attached as <U>Exhibit A</U> hereto. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)
The Credit Agreement is further amended as of the Third Amendment Effective Date by deleting Schedule 1.1E in its entirety and replacing it with a new Schedule 1.1E in the form of <U>Exhibit B</U> hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 3. <U>Conditions to Effectiveness of Amendment</U>. This Amendment shall become effective on the date on which the following
conditions precedent have been satisfied or waived (the &#147;<U>Third Amendment Effective Date</U>&#148;): </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The Administrative Agent
shall have received a counterpart of this Amendment, executed and delivered by a duly authorized officer of each of (A)&nbsp;MWVC, (B)&nbsp;the Borrower, (C)&nbsp;Lenders constituting the Required Lenders and (D)&nbsp;the Administrative Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) After giving effect to this Amendment, each of the representations and warranties made by any Loan Party in or pursuant to the Loan
Documents shall be true and correct in all material </P>

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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">2 </P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">respects (and in all respects if qualified by materiality) on and as of the Third Amendment Effective Date as if
made on and as of the Third Amendment Effective Date (or to the extent such representations and warranties expressly relate to an earlier date, as of such earlier date). </P>
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