SEC Contract Filing

Filing Date: 2021-03-22

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d131142dex101.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><I>Execution Version </I></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:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">TO SECOND AMENDED
AND RESTATED CREDIT AGREEMENT </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Dated as of March&nbsp;18, 2021 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS THIRD AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this &#147;<B>Amendment</B>&#148;) is made as of March&nbsp;18, 2021 by
and among HYATT HOTELS CORPORATION, a Delaware corporation (&#147;<B>Hyatt</B>&#148;), HOTEL INVESTORS I, INC., a <I>soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e</I> duly incorporated and validly existing under the laws of the
Grand-Duchy of Luxembourg, having its registered office at <FONT STYLE="white-space:nowrap">2-4,</FONT> rue Eug&egrave;ne Ruppert, <FONT STYLE="white-space:nowrap">L-2453</FONT> Luxembourg, Grand-Duchy of Luxembourg and registered with the
<I>Registre de Commerce et des Soci&eacute;t&eacute;s, Luxembourg</I> under number B 157.496 (the &#147;<B>Foreign Borrower</B>&#148;, together with Hyatt, collectively, the &#147;<B>Borrowers</B>&#148;), each of Hyatt Equities, L.L.C., a Delaware
limited liability company (&#147;<B>Equities</B>&#148;), Select Hotels Group, L.L.C., a Delaware limited liability company (&#147;<B>Select</B>&#148;), Hyatt Place Franchising, L.L.C., a Delaware limited liability company (&#147;<B>Hyatt</B>
<B>Place</B> <B>Franchising</B>&#148;), Hyatt Corporation, a Delaware corporation (&#147;<B>Corporation</B>&#148;), HE Orlando Hotel, LLC, a Delaware limited liability company (&#147;<B>Orlando</B>&#148;), Hyatt Franchising, L.L.C., a Delaware
limited liability company (&#147;<B>Franchising</B>&#148;), SDI, Inc., a Nevada corporation (&#147;<B>SDI</B>&#148;), H.E. San Antonio I, L.L.C., a Delaware limited liability company (&#147;<B>San Antonio</B>&#148;), Miraval Resort Arizona, LLC, a
Delaware limited liability company (&#147;<B>Miraval</B>&#148;), HR Lake Tahoe Owner, LLC, a Delaware limited liability company (&#147;<B>Lake Tahoe</B>&#148;), and Hyatt House Franchising, L.L.C., a Kansas limited liability company (&#147;<B>Hyatt
House Franchising</B>&#148;, together with Equities, Select, Hyatt Place Franchising, Corporation, Orlando, Franchising, SDI, San Antonio, Miraval and Lake Tahoe, each a &#147;<B>Guarantor</B>&#148; and collectively, the
&#147;<B>Guarantors</B>&#148;, and together with the Borrowers, collectively, the &#147;<B>Credit Parties</B>&#148;), each of the Lenders party hereto (collectively, the &#147;<B>Lenders</B>&#148;) and Wells Fargo Bank, National Association, as
Administrative Agent (the &#147;<B>Administrative Agent</B>&#148;), under that certain Second Amended and Credit Agreement dated as of January&nbsp;6, 2014, by and among the Borrowers, the other Credit Parties party thereto, the Lenders, the
Administrative Agent and the other parties thereto (as amended by that certain First Amendment to Second Amended and Restated Credit Agreement dated as of January&nbsp;10, 2018 and that certain Second Amendment to Second Amended and Restated Credit
Agreement dated as of April&nbsp;21, 2020 and as further amended, restated, supplemented or otherwise modified prior to the date hereof, the &#147;<B>Credit Agreement</B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrowers have requested that the Lenders and the Administrative Agent agree to certain amendments to the Credit Agreement; and
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Credit Parties, the Lenders party hereto and the Administrative Agent have so agreed on the terms and conditions set forth
herein; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and
valuable consideration, the receipt and </P>
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sufficiency of which are hereby acknowledged, the Credit Parties, the Lenders party hereto and the Administrative Agent hereby agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendments to the Credit Agreement</U>. Effective as of March&nbsp;18, 2021 (the &#147;<B>Third Amendment
Effective Date&#148;</B>) but subject to the satisfaction of the conditions precedent set forth in Section&nbsp;3 below, the parties hereto agree that the Credit Agreement is hereby amended as set forth in the marked terms on <U>Annex I</U> attached
hereto (the &#147;<B>Amended Credit Agreement</B>&#148;). In <U>Annex I</U> hereto, deletions of text in the Amended Credit Agreement are indicated by struck-through text, and insertions of text are indicated by double-underlined text. As of the
Third Amen