SEC Contract Filing

Filing Date: 2015-11-09

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>9
<FILENAME>d12606dex101.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="center"><B>FIRST AMENDMENT TO CREDIT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this &#147;<U>Agreement</U>&#148;) is made and entered into as of November&nbsp;3, 2015, by and
among CENTRAL GARDEN&nbsp;&amp; PET COMPANY, a Delaware corporation (&#147;<U>Borrower Representative</U>&#148;), each of the other Borrowers party hereto (the Borrower Representative and the other Borrowers, collectively, the &#147;<U>Credit
Parties</U>&#148;), the Lenders party hereto, and SUNTRUST BANK, as the administrative agent for itself and on behalf of the Lenders (in such capacity, 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>WITNESSETH: </U></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, and the Administrative Agent have executed and delivered that certain Credit Agreement dated as of December&nbsp;5, 2013 (as may be further amended, restated, supplemented, or otherwise modified from time to time, the
&#147;<U>Credit Agreement</U>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Borrowers seek to refinance their outstanding Senior Subordinated Notes with new senior
unsecured notes; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, in connection with such refinance, the Credit Parties have requested that the Administrative Agent and the
Lenders party hereto amend certain provisions of the Credit Agreement as set forth herein, and the Administrative Agent and the Lenders party hereto have agreed to such amendments, in each case subject to the terms and conditions hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, for and in consideration of the above premises and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged by the parties hereto, each of the parties hereto hereby covenants and agrees 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>Definitions</U>. Unless otherwise specifically defined herein, each term used herein (and in the recitals above) which is defined in the Credit Agreement shall have the meaning assigned to such term in the Credit Agreement. Each reference to
&#147;hereof,&#148; &#147;hereunder,&#148; &#147;herein,&#148; and &#147;hereby&#148; and each other similar reference and each reference to &#147;this Agreement&#148; and each other similar reference contained in the Credit Agreement shall from and
after the date hereof refer to the Credit Agreement as amended hereby. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 2. <U>Amendments to Credit Agreement</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>Amendment to Section&nbsp;1.1</U>. The following definition in Section&nbsp;1.1 of the Credit Agreement is amended so that it reads, in
its entirety, as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:7%; text-indent:3%; font-size:9pt; font-family:Times New Roman">&#147;<U>Permitted Refinancing Indebtedness</U>&#148; shall mean refinancings, renewals,
exchanges, or extensions of Indebtedness so long as: (a)&nbsp;such refinancings, renewals, exchanges, or extensions do not result in an increase in the principal amount of the Indebtedness so refinanced, renewed, exchanged, or extended, other than
by the amount of premiums paid thereon and the fees and expenses incurred in connection therewith and by the amount of unfunded commitments with respect thereto; (b)&nbsp;such refinancings, renewals, exchanges or extensions do not result in a
shortening of the average weighted maturity (measured as of the refinancing, renewal, exchange, or extension) of the </P>

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Indebtedness so refinanced, renewed, exchanged, or extended, nor are they on terms or conditions that, taken as a whole, are less favorable in any material respect to the Credit Parties, taken as
a whole, than those of the Indebtedness being refinanced or extended; (c)&nbsp;if the Indebtedness that is refinanced, renewed, exchanged, or extended was subordinated in right of payment to the Obligations, then the terms and conditions of the
refinancing, renewal, exchange, or extension must include subordination terms and conditions that are at least as favorable to the Lender Group as those that were applicable to the refinanced, renewed, exchanged or extended Indebtedness;
(d)&nbsp;the Indebtedness that is refinanced, renewed, exchanged, or extended is not recourse to any Person that is liable on account of the Obligations other than those Persons which were obligated with respect to the Indebtedness that was
refinanced, renewed, exchanged, or extended and such Person&#146;s Subsidiaries; and (e)&nbsp;no Default or Event of Default is continuing or would result from such refinancing, re