SEC Contract Filing

Filing Date: 2018-04-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>exhibit1011.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<div><a name="s65C1244C26FB5CEB62EEB5D85F71DB2E"></a></div><div><div style="line-height:140%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exhibit 10.1</font></div><div style="line-height:140%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:140%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">EXECUTION COPY</font></div></div><div><br></div><div style="line-height:138%;padding-top:33px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">AMENDMENT NO. 6 TO CREDIT AGREEMENT </font></div><div style="line-height:138%;padding-top:17px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">AMENDMENT NO. 6 TO CREDIT AGREEMENT </font><font style="font-family:inherit;font-size:11pt;">(this &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Amendment</font><font style="font-family:inherit;font-size:11pt;">&#8221;), dated as of April 10, 2018, is among </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">BABCOCK &amp; WILCOX ENTERPRISES, INC.</font><font style="font-family:inherit;font-size:11pt;">, a Delaware corporation (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Borrower</font><font style="font-family:inherit;font-size:11pt;">&#8221;),</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#32;BANK OF AMERICA, N.A.</font><font style="font-family:inherit;font-size:11pt;">, in its capacity as administrative agent for the Lenders (as defined in the Credit Agreement described below) (in such capacity, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Administrative Agent</font><font style="font-family:inherit;font-size:11pt;">&#8221;), and each of the Lenders party hereto, and, for purposes of </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Sections 1, 2, 4, 7, 8</font><font style="font-family:inherit;font-size:11pt;">&#32;and </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">10</font><font style="font-family:inherit;font-size:11pt;">&#32;hereof, acknowledged and agreed by certain Subsidiaries of the Borrower, as Guarantors.</font></div><div style="line-height:138%;padding-top:17px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">W I T N E S S E T H:</font></div><div style="line-height:138%;padding-top:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:11pt;">, the Borrower, the Administrative Agent and the Lenders have entered into that certain Credit Agreement, dated as of May 11, 2015 (as amended by Amendment No. 1 to Credit Agreement, dated as of June 10, 2016, Amendment No. 2 to Credit Agreement, dated as of February 24, 2017, Amendment No. 3 to Credit Agreement, dated as of August 9, 2017, Amendment No. 4 to Credit Agreement, dated as of September 20, 2017, and Amendment No. 5 to Credit Agreement, dated as of March 1, 2018 (&#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Amendment No. 5</font><font style="font-family:inherit;font-size:11pt;">&#8221;), and from time to time further amended, supplemented, restated, amended and restated or otherwise modified, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Credit Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;; capitalized terms used in this Amendment not otherwise defined herein shall have the respective meanings given thereto in the Credit Agreement (as amended hereby)), pursuant to which the Lenders have provided a revolving credit facility to the Borrower; </font></div><div style="line-height:138%;padding-top:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:11pt;">, each Loan Party hereby acknowledges and confirms that the non-compliance events on </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Exhibit A</font><font style="font-family:inherit;font-size:11pt;">&#32;hereto (referred to as the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Non-Compliance Events</font><font style="font-family:inherit;font-size:11pt;">&#8221;) are anticipated to occur;</font></div><div style="line-height:138%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:138%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#32;<br> &#160;&#160;&#160;&#160;WHEREAS</font><font style="font-family:inherit;font-size:11pt;">, the Borrower and the other Loan Parties have requested that the Administrative Agent and the Lenders waive the Non-Compliance Events on a limited basis (except as provided in </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Section 3(a)</font><font style="font-family:inherit;font-size:11pt;">&#32;herein) from the dat