SEC Contract Filing

Filing Date: 2019-07-16

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>8
<FILENAME>d778422dex102.htm
<DESCRIPTION>EX-10.2
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<TITLE>EX-10.2</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 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT NO. 1 TO RECEIVABLES FINANCING AGREEMENT </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AND </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>REAFFIRMATION OF
PERFORMANCE GUARANTY </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This AMENDMENT NO. 1 TO RECEIVABLES FINANCING AGREEMENT AND REAFFIRMATION OF PERFORMANCE GUARANTY (this
&#147;<U>Amendment</U>&#148;), dated as of July&nbsp;16, 2019, is entered into by and among OLIN FINANCE COMPANY, LLC (&#147;<U>Olin Finance</U>&#148;), as borrower under the Receivables Financing Agreement (as defined below) (in such capacity,
together with its successors and permitted assigns in such capacity, the &#147;<U>Borrower</U>&#148;), OLIN CORPORATION (&#147;<U>Olin</U>&#148;), as initial servicer under the Receivables Financing Agreement (in such capacity, together with its
successors and permitted assigns in such capacity, the &#147;<U>Servicer</U>&#148;), PNC BANK, NATIONAL ASSOCIATION (&#147;<U>PNC&#148;</U>), as administrative agent under the Receivables Financing Agreement (in such capacity, together with its
successors and permitted assigns in such capacity, the &#147;<U>Administrative Agent</U>&#148;), as a committed lender under the Receivables Financing Agreement (in such capacity, together with its successors and permitted assigns in such capacity,
a &#147;<U>Committed Lender</U>&#148;), and as group agent for the PNC Group under the Receivables Financing Agreement (in such capacity, together with its successors and permitted assigns in such capacity, a &#147;<U>Group Agent</U>&#148;), and the
various other Lenders and Group Agents from time to time party to the Receivables Financing Agreement, and acknowledged and agreed to by PNC CAPITAL MARKETS LLC, as structuring agent (in such capacity, together with its successors and permitted
assigns in such capacity, the &#147;<U>Structuring Agent</U>&#148;), and is reaffirmed by, with respect to <U>Section</U><U></U><U>&nbsp;11</U> hereof, Olin, as performance guarantor (in such capacity, together with its successors and permitted
assigns in such capacity, the &#147;<U>Performance Guarantor</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">BACKGROUND </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrower, the Servicer, the Persons from time to time party thereto as Lenders and as Group Agents, the Administrative Agent,
and, solely with respect to Section&nbsp;10.10 thereof, the Structuring Agent, entered into the Receivables Financing Agreement as of December&nbsp;20, 2016 (the &#147;<U>Original Receivables Financing Agreement</U>&#148;; as amended, restated,
supplemented or otherwise modified through the date hereof, and as may be further amended, restated, supplemented or otherwise modified from time to time, the &#147;<U>Receivables Financing Agreement</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Performance Guarantor entered into the Performance Guaranty as of December&nbsp;20, 2016 (as may be further amended, restated,
supplemented or otherwise modified from time to time, the &#147;<U>Performance Guaranty</U>&#148;) in favor of, and as accepted by, the Administrative Agent; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the parties hereto wish to amend the Original Receivables Financing Agreement pursuant to 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 foregoing and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>. Capitalized terms used but not defined
in this Amendment shall have the meanings assigned to them in the Receivables Financing Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION
2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendments to Original Receivables Financing Agreement</U>. Effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in <U>Section</U><U></U><U>&nbsp;4</U> hereof, the
Original Receivables Financing Agreement is hereby amended as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Section 1.01 of the Origi