SEC Contract Filing

Filing Date: 2023-05-25

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<TYPE>EX-10.19
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<FILENAME>columbusmckinnon-firstam.htm
<DESCRIPTION>EX-10.19
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<DIV><FONT size="1" style="font-size:1pt;color:white">Execution Version FIRST AMENDMENT FIRST AMENDMENT, dated as of November 30, 2021 (this &#8220;Amendment&#8221;), to the Amended and Restated Credit Agreement, dated as of May 14, 2021 (as amended, supplemented or otherwise modified from time to time, the &#8220;Credit Agreement&#8221; and, as amended by this Amendment, the &#8220;Amended Credit Agreement&#8221;), by and among Columbus McKinnon Corporation, a New York corporation (the &#8220;Company&#8221;) , Columbus McKinnon EMEA GmbH (the &#8220;German Borrower&#8221; and, together with the Company and any other Designated Borrower, the &#8220;Borrowers&#8221;), the lenders from time to time party thereto (the &#8220;Lenders&#8221;), JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the &#8220;Administrative Agent&#8221;) and the other agents parties thereto. W I T N E S S E T H: WHEREAS, the Credit Agreement provides in Section 2.24 thereof that the Company and any one or more Lenders may agree that such Lender shall provide Incremental Term Loans in an aggregate amount not to exceed the Available Incremental Amount by executing and delivering to the Administrative Agent, among other things, an Increased Facility Activation Notice; WHEREAS, such Increased Facility Activation Notice has been executed and delivered and the Company has satisfied each other condition required pursuant to such Increased Facility Activation Notice to incur Incremental Term Loans in an aggregate amount of $75,000,000 (the &#8220;2021 Incremental Term Loans&#8221; and the Lender party to such Increased Facility Activation Notice, the &#8220;2021 Incremental Lender&#8221;); WHEREAS, Section 2.24(d) of the Credit Agreement provides that on each Increased Facility Activation Date, the Credit Agreement and the Schedules thereto shall be amended to the extent necessary to reflect the existence and terms of the Incremental Facilities evidenced thereby and that any such deemed amendment may be effected in writing by the Administrative Agent with the Company&#8217;s consent (it being understood that this Amendment is one of such deemed amendments); WHEREAS, JPMorgan Chase Bank, N.A. is the sole lead arranger and sole bookrunner for this Amendment. NOW THEREFORE, in consideration of the premises and mutual covenants hereinafter set forth, the parties hereto agree as follows: SECTION 1. Definitions. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. SECTION 2. Amendments to the Credit Agreement: (a) Effective as of the First Amendment Effective Date (as defined below), the Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text) as set forth in the pages of the Credit Agreement attached as Annex A hereto. (b) It is agreed that the 2021 Incremental Term Loans shall rank pari passu in right of payment and pari passu in respect of the Collateral with the Obligations in respect of the Revolving Commitments and Initial Term Loans outstanding immediately prior to the First Amendment Effective Date. </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> 2 (c) The Company, the 2021 Incremental Lender and the Administrative Agent agree that the 2021 Incremental Term Loans shall have an Interest Period ending on the last day of the Interest Period applicable to the existing Initial Term Loans as in effect immediately prior to the Increased Facility Closing Date as set forth in the Increased Facility Activation Notice, dated November 30, 2021. SECTION 3. Effectiveness. This Amendment shall become effective on and as of the date (the &#8220;First Amendment Effective Date&#8221;) on which the following conditions have been satisfied: (a) The Administrative Agent (or its counsel) shall have received (i) a duly executed and completed counterpart hereof that bears the signature of the Company and (ii) a duly executed and completed counterpart hereof that bears the signature of the Administrative Agent. (b) To the extent invoiced, the Administrative Agent shall have received reimbursement or payment of all reasonable out-of- pocket expenses (including reasonable fees, charges and disbursements of Simpson Thacher &amp; Bartlett LLP) in connection with this Amendment and any other reasonable out-of- pocket expenses required to be reimbursed or paid by the Loan Parties under the Credit Agreement or under any Loan Document. SECTION 4. Effect of Amendment. 4.1. Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Administrative Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or of any other Loan Document, all of which are ratified and affirmed in all respects and shall