SEC Contract Filing

Filing Date: 2016-04-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.19
<SEQUENCE>2
<FILENAME>tex33116-ex1019.htm
<DESCRIPTION>EXH 10.19 LOAN AND SECURITY AGR
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
 <!-- Document created using Wdesk 1 -->
 <!-- Copyright 2016 Workiva -->
 <title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s579B95906C8FB016A10F532809967461"></a></div><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exhibit 10.19</font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXECUTION VERSION</font></div></div><div><br></div><div style="line-height:120%;padding-bottom:24px;text-align:justify;padding-left:144px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">AMENDMENT AND AGREEMENT dated as of August 10, 2015 (this &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">Amendment</font><font style="font-family:inherit;font-size:12pt;">&#8221;), relating to the LOAN AND SECURITY AGREEMENT dated as of May 28, 2015 (as amended, supplemented or otherwise modified prior to the date hereof, the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">Loan Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;), among TFS FUNDING I, LLC, a Delaware limited liability company, as borrower (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">Borrower</font><font style="font-family:inherit;font-size:12pt;">&#8221;), TEREX FINANCIAL SERVICES, INC. (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">TFS</font><font style="font-family:inherit;font-size:12pt;">&#8221;), a Delaware corporation, as servicer (in such capacity, the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">Servicer</font><font style="font-family:inherit;font-size:12pt;">&#8221;), INSTITUTIONAL SECURED FUNDING (JERSEY) LIMITED, as the Conduit Lender, CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as the Committed Lender, and CREDIT SUISSE AG, NEW YORK BRANCH, as the Administrative Agent (in such capacity, the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">Administrative Agent</font><font style="font-family:inherit;font-size:12pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">A.&#160;&#160;&#160;&#160;The Borrower and TFS are wholly owned subsidiaries of Terex Corporation, a Delaware corporation (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">Parent</font><font style="font-family:inherit;font-size:12pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">B.&#160;&#160;&#160;&#160;Pursuant to a Business Combination Agreement and Plan of Merger dated as of the date hereof (together with all exhibits, annexes, schedules and other disclosure letters thereto, collectively, the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">Merger Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;), by and among Parent, Konecranes Plc, a Finnish public company limited by shares (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">New Parent</font><font style="font-family:inherit;font-size:12pt;">&#8221;), Konecranes, Inc., a Texas corporation, and Konecranes Acquisition Company LLC, a Delaware limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">Merger Sub</font><font style="font-family:inherit;font-size:12pt;">&#8221;), Parent will merge with and into Merger Sub, with Parent surviving such merger as a wholly-owned subsidiary of New Parent (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">Acquisition</font><font style="font-family:inherit;font-size:12pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">C.&#160;&#160;&#160;&#160;The Borrower and TFS have requested that the Administrative Agent agree that the Acquisition will not constitute a Change of Control for purposes of the Loan Agreement and to amend the Loan Agreement as provided for herein.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">D.&#160;&#160;&#160;&#160;The Administrative Agent is willing to enter into this Amendment.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">E.&#160;&#160;&#160;&#160;Section 9.2 of the Loan Agreement permits waivers of the provisions of the Loan Agreement with the sole consent of the Administrative Agent and permits amendments to the provisions of the Loan Agreement with the consent of each of the Administrative Agent, the Borrower and the Servicer.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">F.&#160;&#160;&#160;&#160;Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged,