SEC Contract Filing

Filing Date: 2019-09-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>dxlg-ex101_6.htm
<DESCRIPTION>EX-10.1 SECOND AMENDMENT TO CREDIT FACILITY
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<p style="text-align:right;line-height:12pt;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="text-align:right;line-height:12pt;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;line-height:12pt;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WAIVER AND SECOND AMENDMENT TO SEVENTH AMENDED AND RESTATED CREDIT AGREEMENT </p>
<p style="line-height:12pt;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WAIVER AND SECOND AMENDMENT TO SEVENTH AMENDED AND RESTATED CREDIT AGREEMENT (this &#8220;<font style="text-decoration:underline;">Second Amendment</font>&#8221;), dated as of September 5, 2019, by and among <font style="font-weight:bold;">DESTINATION XL GROUP, INC.</font>, a Delaware corporation, for itself and as Lead Borrower (in such capacity, the &#8220;<font style="text-decoration:underline;">Lead Borrower</font>&#8221;) for the other Borrowers (individually, a &#8220;<font style="text-decoration:underline;">Borrower</font>&#8221; and, collectively, the &#8220;<font style="text-decoration:underline;">Borrowers</font>&#8221;), the Borrowers, the Guarantors, the Lenders party hereto and <font style="font-weight:bold;">BANK OF AMERICA, N.A.</font>, as Administrative Agent and Collateral Agent (in such capacities, the &#8220;<font style="text-decoration:underline;">Agent</font>&#8221;).</p>
<p style="text-align:center;line-height:12pt;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">W</font> <font style="text-decoration:underline;">I</font> <font style="text-decoration:underline;">T</font> <font style="text-decoration:underline;">N</font> <font style="text-decoration:underline;">E</font> <font style="text-decoration:underline;">S</font> <font style="text-decoration:underline;">S</font> <font style="text-decoration:underline;">E</font> <font style="text-decoration:underline;">T</font> <font style="text-decoration:underline;">H</font>:</p>
<p style="line-height:12pt;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;line-height:12pt;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Borrowers, the Guarantors, the Lenders and the Agent, among others, have entered into a certain Seventh Amended and Restated Credit Agreement, dated as of May 24, 2018, as amended by a certain First Amendment to Seventh Amended and Restated Credit Agreement, dated as of June 3, 2019 (as further amended, restated, supplemented or otherwise modified from time to time, the &#8220;<font style="text-decoration:underline;">Credit Agreement</font>&#8221;); </p>
<p style="text-align:justify;line-height:12pt;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;line-height:12pt;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Loan Parties have notified the Agent of the occurrence of an Event of Default under Section 8.01(b) of the Credit Agreement arising from the Loan Parties&#8217; Disposition of the Himalaya Outfitters Trademark (Registration No. 1975575) and the Himalaya Trademark (Registration No. 1974456) in violation of Section 7.05 of the Credit Agreement&nbsp;&nbsp;(the &#8220;<font style="text-decoration:underline;">Specified Event of Default</font>&#8221;)</p>
<p style="text-align:justify;line-height:12pt;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;line-height:12pt;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Loan Parties have requested that the Agent and the Lenders agree to waive the Specified Event of Default and to modify certain provisions of the Credit Agreement; and </p>
<p style="text-align:justify;line-height:12pt;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;line-height:12pt;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Agent and the undersigned Lenders have agreed to waive the Specified Event of Default and modify such provisions of the Credit Agreement, in each case upon the terms and subject to the conditions set forth herein;</p>
<p style="text-align:justify;line-height:12pt;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;line-height:12pt;m