SEC Contract Filing

Filing Date: 2019-01-22

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d690385dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>INCREMENTAL AMENDMENT NO. 1</B>, dated as of January&nbsp;17, 2019 (this &#147;<U>Incremental Amendment
No.</U><U></U><U>&nbsp;1</U>&#148;), to the Third Amended and Restated Credit Agreement, dated as of May&nbsp;15, 2017, as amended by Amendment No.&nbsp;1, dated as of March&nbsp;16, 2018, and Amendment No.&nbsp;2, dated as of December&nbsp;6, 2018
(as amended, supplemented and modified from time to time, the &#147;<U>Credit Agreement</U>&#148;), by and among LAMAR MEDIA CORP., a Delaware corporation (the &#147;<U>Company</U>&#148; or the &#147;<U>Borrower</U>&#148;), LAMAR ADVERTISING
COMPANY, a Delaware corporation (solely with respect to Sections 5 and 7 hereof, &#147;<U>Holdings</U>&#148;), the SUBSIDIARY GUARANTORS party hereto, the LENDERS party hereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent (the
&#147;<U>Administrative Agent</U>&#148;). Capitalized terms used herein without definition have the meanings given such terms by 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>, the Borrower has requested that the Incremental Amendment No.&nbsp;1 Revolving Credit Commitments (as defined below) be
established as an increase in the existing Class&nbsp;of Revolving Credit Commitments pursuant to Section&nbsp;2.01(c) of the Credit Agreement on the terms set forth in this Incremental Amendment No.&nbsp;1; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Section&nbsp;2.01(c) of the Credit Agreement permits the establishment of the Incremental Amendment No.&nbsp;1 Revolving
Credit Commitments without the consent of any party to the Credit Agreement other than the parties hereto; </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 promises and mutual agreements herein contained, the Borrower, Holdings (solely with respect to Sections 5 and 7 hereof), the Lenders party hereto and the Administrative Agent hereby agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 1. <U>Defined Terms</U>. As used herein, the following terms have the meanings set forth below: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Incremental Amendment No.</U><U></U><U>&nbsp;1 Effective Date</U>&#148; means the date of satisfaction of each of the
conditions set forth in Section&nbsp;3 of Incremental Amendment No.&nbsp;1. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Incremental Amendment
No.</U><U></U><U>&nbsp;1 Revolving Credit Commitment</U>&#148; means, with respect to each Initial Incremental Amendment No.&nbsp;1 Revolving Lender, the portion of the Revolving Commitment Increase provided by such Lender pursuant to this
Incremental Amendment No.&nbsp;1, which shall be the amount set forth opposite such Initial Incremental Amendment No.&nbsp;1 Revolving Lender&#146;s name on <U>Schedule 1</U> hereto. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Initial Incremental Amendment No.</U><U></U><U>&nbsp;1 Revolving Lender</U>&#148; means each of JPMorgan Chase Bank,
N.A., Wells Fargo Bank, National Association and Suntrust Bank. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Incremental Amendment No.</U><U></U><U>&nbsp;1
Lead Arrangers</U>&#148; means JPMorgan Chase Bank, N.A., Wells Fargo Bank, National Association and Suntrust Bank, in their capacities as joint lead arrangers and joint bookrunners for the Incremental Amendment No.&nbsp;1 Revolving Credit
Commitments. </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:8%; font-size:10pt; font-family:Times New Roman">SECTION 2. <U>Effectiveness of Incremental Amendment No.</U><U></U><U>&nbsp;1 Revolving
Credit Commitments</U>. Subject to the terms and conditions set forth herein, the Incremental Amendment No.&nbsp;1 Revolving Credit Commitment of each Initial Incremental Amendment No.&nbsp;1 Revolving Lender shall become effective on the
Incremental Amendment No.&nbsp;1 Effective Date. For the avoidance of doubt, the terms of the Incremental Amendment No.&nbsp;1 Revolving Credit Commitments shall be identical to the terms of the Revolving Credit Commitments in effect immediately
prior to the Incremental Amendment No.&nbsp;1 Effective Date. Each Initial Incremental Amendment No.&nbsp;1 Revolving Lender severally and not jointly agrees to comply with the requirements of the last paragraph of Section&nbsp;2.01(c) on the
Amendment No.&nbsp;1 Effective Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3. <U>Effectiveness of Incremental Amendment No. 1</U>. The Incremental Amendment