SEC Contract Filing

Filing Date: 2019-03-18

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a19-6728_1ex10d1.htm
<DESCRIPTION>EX-10.1
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;10.1<a name="Exhibit10_1_120140"></a></font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EXECUTION VERSION</font></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INCREMENTAL AMENDMENT</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(AMENDMENT NO. 5 TO CREDIT AGREEMENT)</font></b></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">INCREMENTAL AMENDMENT (this &#147;<b>Agreement</b>&#148;), dated as of March&nbsp;18, 2019, among XPO LOGISTICS,&nbsp;INC., a Delaware corporation (the &#147;<b>Borrower</b>&#148;), the other Subsidiaries of the Borrower party hereto, </font>each financial institution identified on the signature pages&nbsp;hereto as an &#147;Incremental Term Lender&#148; (each, an &#147;<b>Incremental Term Lender</b>&#148;) and Morgan Stanley Senior Funding,&nbsp;Inc., as administrative agent and collateral agent for the Lenders (in such capacities, the &#147;<b>Agent</b>&#148;), relating to the Senior Secured Term Loan Credit Agreement, dated as of October&nbsp;30, 2015 (as heretofore amended, amended and restated, extended, supplemented or otherwise modified from time to time prior to the date hereof, including by that certain Incremental and Refinancing Amendment (Amendment No.&nbsp;1 to Credit Agreement), dated as of August&nbsp;25, 2016, that certain Refinancing Amendment (Amendment No.&nbsp;2 to Credit Agreement), dated as of March&nbsp;10, 2017, that certain Refinancing Amendment (Amendment No.&nbsp;3 to Credit Agreement), dated as of February&nbsp;23, 2018, and that certain Amendment No.&nbsp;4 to Credit Agreement, dated as of March&nbsp;7, 2019, the &#147;<b>Credit Agreement</b>&#148;), among the Borrower, the other Subsidiaries of the Borrower from time to time party thereto, the Lenders from time to time party thereto and the Agent.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RECITALS:</font></b></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">WHEREAS, </font>pursuant to <u>Section&nbsp;2.15</u> of the Credit Agreement, the Borrower wishes to obtain an additional tranche of Loans, and the Incremental Term Lenders have agreed to provide Incremental Term Loans (as defined below) in an aggregate principal amount of $500,000,000 on and subject to the terms set forth in this Agreement.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Incremental Term Loans shall be established as a new class and tranche of Loans with terms different than the Loans outstanding under the Credit Agreement prior to the effectiveness of this Agreement.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, pursuant to <u>Sections 2.15(d)</u>&nbsp;and <u>12.2</u> of the Credit Agreement, the Credit Agreement may be amended to give effect to the provisions of <u>Section&nbsp;2.15</u> of the Credit Agreement through an Incremental Amendment executed by the Borrower, the Agent and each Incremental Lender providing an Incremental Commitment.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW THEREFORE, the parties hereto hereby agree as follows:</font></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt 40.5pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECTION&nbsp;1</font></b><i>.&#160; Defined Terms. </i>Unless otherwise specifically defined herein, each term used herein that is defined in the Credit Agreement has the meaning assigned to such term in the Credit Agreement.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt 40.5pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECTION&nbsp;2</font></b>.&#160; <i>Incremental Term Loans</i>.&#160; Subje