SEC Contract Filing

Filing Date: 2023-07-26

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<DIV><FONT size="1" style="font-size:1pt;color:white">EXECUTION VERSION CONFIDENTIAL [[6025108]] AMENDMENT NO. 2 TO CREDIT AND GUARANTY AGREEMENT AMENDMENT NO. 2 TO CREDIT AND GUARANTY AGREEMENT, dated as of April 10, 2023 (this &#8220;Amendment&#8221;), to that certain Credit and Guaranty Agreement, dated as of October 31, 2018 (as amended by Amendment No. 1 dated as of November 20, 2018, the &#8220;Existing Credit Agreement&#8221;), among United Rentals (North America), Inc. (the &#8220;Borrower&#8221;), United Rentals, Inc. and certain of its subsidiaries as the Guarantors party thereto, the financial institutions party thereto from time to time (the &#8220;Lenders&#8221;), 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(b) of the Existing Credit Agreement, and in accordance with Section 5.7 of the Existing Credit Agreement, the Agent and the Borrower desire, subject to the terms and conditions set forth below, to replace the LIBOR Rate (as defined in the Existing Credit Agreement) with Term SOFR, make certain LIBOR Successor Rate 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, is referred to as 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 (5th) Business Day after April 3, 2023 (the date a copy of this Amendment is provided to the Lenders and the Borrower), unless, prior to such time, the Lenders comprising the Required Lenders have delivered to the Agent written notice stating that the Required Lenders do not accept 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 herein and 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. 2 Effective Date (as defined below), the 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 the same manner as the following example: stricken text or stricken text) in Exhibit A hereto. Exhibit 10(a) </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> 2 [[6025108]] SECTION 3 REPRESENTATIONS AND WARRANTIES. The Borrower represents and warrants to the Agent and the Lenders that: 3.1 This Amendment has been duly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, 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. 2 Effective Date, (i) the representations and warranties contained in Article VII of the Amended Credit Agreement are true and correct in all material respects on and as of the Amendment No. 2 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. 2 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 Borrower (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 provided a copy of this Amendment to each of the Lenders and the Agent shall not have received by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after April 3, 2023 (the date a copy of this Amendment was provided to the Lenders and the Borrower), a written notice from the Lenders comprising the Required Lenders stating that the Required Lenders do not accept this Amendment; and 4.3 the Agent shall have received rei