SEC Contract Filing

Filing Date: 2022-08-04

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<DIV><FONT size="1" style="font-size:1pt;color:white"> CONFORMED COPY includes First Amendment and Joinder dated October 29, 2021 Second Amendment dated December 10, 2021 Third Amendment dated May 20, 2022 747634416.3 21671763747634416.9 21671763 RECEIVABLES FINANCING AGREEMENT Dated as of July 16, 2021 by and among ADT FINANCE LLC, as Borrower, THE PERSONS FROM TIME TO TIME PARTY HERETO, as Lenders and as Group Agents, MIZUHO BANK, LTD., as Administrative Agent, Arranger, Collateral Agent and Structuring Agent and ADT LLC, in its individual capacity and as initial Servicer TABLE OF CONTENTS Page 747634416.3 21671763747634416.9 21671763 -i- ARTICLE I DEFINITIONS ................................................................................................. 2 SECTION 1.01. Certain Defined Terms ................................................................... 2 SECTION 1.02. Other Interpretative Matters ..................................................... 4342 ARTICLE II TERMS OF THE LOANS ......................................................................... 4442 SECTION 2.01. Loan Facility ............................................................................ 4442 SECTION 2.02. Making Loans .......................................................................... 4543 SECTION 2.03. Interest and Fees ...................................................................... 4745 SECTION 2.04. [Reserved]Adjusted Daily Simple SOFR Conforming Changes .................................................................................... 4746 SECTION 2.05. Extension of the Scheduled Termination Date ........................ 4746 SECTION 2.06. Benchmark Replacement ......................................................... 4846 ARTICLE III SETTLEMENT PROCEDURES AND PAYMENT PROVISIONS ........ 5048 SECTION 3.01. Settlement Procedures .............................................................. 5048 SECTION 3.02. Deemed Collections; Repayment of Principal, Etc.................. 5351 SECTION 3.03. Payment Provisions .................................................................. 5553 SECTION 3.04. Account Control ....................................................................... 5755 ARTICLE IV YIELD PROTECTION; TAXES ............................................................... 5755 SECTION 4.01. Yield Protection ....................................................................... 5755 SECTION 4.02. Funding Losses ........................................................................ 6058 SECTION 4.03. Taxes ........................................................................................ 6058 SECTION 4.04. Mitigation; Replacement of Lenders ....................................... 6563 ARTICLE V CONDITIONS TO EFFECTIVENESS AND CREDIT EXTENSIONS; SECURITY INTEREST ................................................. 6664 SECTION 5.01. Conditions Precedent to Effectiveness and the Initial Credit Extension.................................................................................. 6664 SECTION 5.02. Conditions Precedent to All Credit Extensions ....................... 6664 SECTION 5.03. Amendment and Restatement .................................................. 6765 SECTION 5.04. Security Interest ....................................................................... 6866 ARTICLE VI REPRESENTATIONS AND WARRANTIES.......................................... 6967 SECTION 6.01. Representations and Warranties of the Borrower .................... 6967 SECTION 6.02. Representations and Warranties of ADT ................................. 7573 ARTICLE VII COVENANTS ........................................................................................... 8078 SECTION 7.01. Affirmative Covenants of the Borrower .................................. 8078 SECTION 7.02. Reporting Requirements of the Borrower ................................ 8381 SECTION 7.03. Negative Covenants of the Borrower ....................................... 8482 SECTION 7.04. Affirmative Covenants of ADT ............................................... 8785 SECTION 7.05. Reporting Requirements of ADT ............................................. 9088 SECTION 7.06. Negative Covenants of ADT .................................................... 9290 TABLE OF CONTENTS (continued) Page 747634416.3 21671763747634416.9 21671763 -ii- SECTION 7.07. Nature of Obligations ............................................................... 9492 SECTION 7.08. Corporate Separateness; Related Matters and Covenants ........ 9492 ARTICLE VIII ADMINISTRATION AND COLLECTION OF RECEIVABLES ........... 9795 SECTION 8.01. Designation of the Servicer ...................................................... 9896 SECTION 8.02. Duties of the Servicer............................................................... 9997 SECTION 8.03. Rights of the Collateral Agent ............................................... 10098 SECTION 8.04. Responsibilities of the Servicer ........................................... 102100 SECTION 8.05. Further Action Evidencing Transfers and Security Interest 102100 SECTION 8.06. Application of Collections ................................................... 102100 ARTICLE IX EVENTS OF TERMINATION ............................................................. 102100 SECTION 9.01. Event of Terminations.......................................................... 102100 SECTION 9.02. Remedies .............................................................................. 105103