SEC Contract Filing

Filing Date: 2015-02-02

Document Content:
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<TYPE>EX-10.2
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<FILENAME>d863585dex102.htm
<DESCRIPTION>EX-10.2
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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="center"><B>TERMINATION OF COMMITMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This TERMINATION OF COMMITMENT (this &#147;<U>Agreement</U>&#148;), dated as of January&nbsp;30, 2015, is by and among IXIA, a California
corporation (&#147;<U>Borrower</U>&#148;), SILICON VALLEY BANK, as Administrative Agent (&#147;<U>Agent</U>&#148;) and DEUTSCHE BANK TRUST COMPANY AMERICAS (&#147;<U>Deutsche Bank</U>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>W I T N E S S E T H </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, reference is made to that certain Credit Agreement, dated as of December&nbsp;21, 2012, (as amended, modified, extended,
restated, replaced, or supplemented from time to time through the Eighth Amendment thereto, the &#147;<U>Credit Agreement</U>&#148;), by and among Borrower, the Subsidiaries of the Borrower from time to time party thereto, certain banks and
financial institutions from time to time party thereto (the &#147;<U>Lenders</U>&#148;) and Silicon Valley Bank (successor to Bank of America, N.A.), as Administrative Agent, Swingline Lender and L/C Issuer. Unless otherwise specified, all
capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Credit Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Deutsche Bank has informed Agent of its desire terminate its Commitment under the Credit Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, in consideration of the agreements hereinafter set forth, and for other good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, the parties hereto agree as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">The parties hereto agree that Deutsche Bank&#146;s Commitments under the Credit Agreement shall be terminated as of the date hereof. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">As a result of this action, after giving effect to such termination, the Commitment of all of the Lenders shall be $67,500,000 and Deutsche Bank shall cease to be a Lender under the Loan Documents. Schedule 1.01(b) to
the Credit Agreement is hereby deleted in its entirety and replaced with Schedule 1.01(b) attached hereto as <U>Exhibit A</U>. </TD></TR></TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the parties hereto have caused this Agreement to be duly executed on
the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"><B>SILICON VALLEY BANK,</B></TD></TR>
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<TD VALIGN="top" COLSPAN="3">as Administrative Agent</TD></TR>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Tom Harris</TD></TR>
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<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Tom Harris</TD></TR>
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<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Director</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SIGNATURE PAGE TO TERIMINATION OF COMMITMENT </P>

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<TD VALIGN="top" COLSPAN="3"><B>IXIA</B></TD></TR>
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