SEC Contract Filing

Filing Date: 2015-07-07

Document Content:
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<TYPE>EX-10.1
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<FILENAME>exhibit1.htm
<DESCRIPTION>EX-10.1
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<P align="center" style="font-size: 10pt"><FONT style="font-size: 11pt"><B>LOAN AND SECURITY AGREEMENT</B></FONT>

<P align="center" style="font-size: 11pt">Dated as of June&nbsp;30, 2015

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<P align="center" style="font-size: 11pt"><B>SKECHERS U.S.A., INC.</B>,

<P align="center" style="font-size: 11pt"><B>SKECHERS U.S.A., INC. II</B>

<P align="center" style="font-size: 11pt">and

<P align="center" style="font-size: 11pt"><B>SKECHERS BY MAIL, INC.</B><BR>
as Borrowers,

<P align="center" style="font-size: 11pt"><B>THE OTHER PERSONS FROM TIME TO TIME PARTY HERETO</B>,<BR>
as Guarantors,

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<P align="center" style="font-size: 11pt"><B>CERTAIN FINANCIAL INSTITUTIONS</B>,<BR>
as Lenders,

<P align="center" style="font-size: 11pt"><B>BANK OF AMERICA, N.A</B>.,<BR>
as Agent,

<P align="center" style="font-size: 11pt"><B>MUFG UNION BANK, N.A.</B><BR>
as Syndication Agent,

<P align="center" style="font-size: 11pt"><B>HSBC BANK USA, NATIONAL ASSOCIATION</B>,<BR>
as Managing Agent

<P align="center" style="font-size: 11pt">and

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<P align="center" style="font-size: 11pt"><B>BANK OF AMERICA, N.A.</B>,

<P align="center" style="font-size: 11pt">as Sole Lead Arranger and Sole Bookrunner

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<P align="center" style="font-size: 11pt"><U><B>TABLE OF CONTENTS</B></U>

<P align="right" style="font-size: 11pt"><U>Page</U>

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<TR valign="bottom">
 <TD width="15%">&nbsp;</TD>
 <TD width="5%">&nbsp;</TD>
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<TR valign="bottom" style="font-size: 11pt">
 <TD align="left" valign="top">SECTION 1.<BR>
1.1<BR>
1.2<BR>
1.3<BR>
1.4<BR>
SECTION 2.<BR>
2.1<BR>
2.2<BR>
2.3<BR>
SECTION 3.<BR>
3.1<BR>
3.2<BR>
3.3<BR>
3.4<BR>
3.5<BR>
3.6<BR>
3.7<BR>
3.8<BR>
3.9<BR>
SECTION 4.<BR>
4.1<BR>
4.2<BR>
4.3<BR>
4.4<BR>
4.5<BR>
4.6<BR>
SECTION 5.<BR>
5.1<BR>
5.2<BR>
5.3<BR>
5.4<BR>
5.5<BR>
5.6<BR>
5.7<BR>
5.8<BR>
5.9<BR>
5.10<BR>
5.11<BR>
SECTION 6.<BR>
6.1<BR>
6.2<BR>
6.3<BR>
SECTION 7.<BR>
7.1<BR>
7.2<BR>
7.3<BR>
7.4<BR>
7.5<BR>
7.6<BR>
SECTION 8.<BR>
8.1<BR>
8.2<BR>
8.3<BR>
8.4<BR>
8.5<BR>
8.6<BR>
8.7<BR>
SECTION 9.<BR>
9.1<BR>
9.2<BR>
SECTION 10.<BR>
10.1<BR>
10.2<BR>
10.3<BR>
SECTION 11.<BR>
11.1<BR>
11.2<BR>
11.3<BR>
11.4<BR>
11.5<BR>
SECTION 12.<BR>
12.1<BR>
12.2<BR>
12.3<BR>
12.4<BR>
12.5<BR>
12.6<BR>
12.7<BR>
12.8<BR>
12.9<BR>
12.10<BR>
12.11<BR>
12.12<BR>
12.13<BR>
12.14<BR>
SECTION 13.<BR>
13.1<BR>
13.2<BR>
13.3<BR>
13.4<BR>
SECTION 14.<BR>
14.1<BR>
14.2<BR>
14.3<BR>
14.4<BR>
14.5<BR>
14.6<BR>
14.7<BR>
14.8<BR>
14.9<BR>
14.10<BR>
14.11<BR>
14.12<BR>
14.13<BR>
14.14<BR>
14.15<BR>
14.16<BR>
14.17<BR>
14.18
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 <TD>&nbsp;</TD>
 <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">DEFINITIONS; RULES OF CONSTRUCTION<BR>
Definitions.<BR>
Accounting Terms.<BR>
Uniform Commercial Code.<BR>
Certain Matters of Construction.<BR>
CREDIT FACILITIES<BR>
Revolver Commitment<BR>
2.1.1Revolver Loans<BR>
2.1.2Notes<BR>
2.1.3Use of Proceeds<BR>
2.1.4Voluntary Reduction or Termination of Revolver Commitments.<BR>
2.1.5Overadvances<BR>
2.1.6Protective Advances<BR>
2.1.7Increase in Revolver Commitments<BR>
&#091;Intentionally Omitted&#093;.<BR>
Letter of Credit Facility<BR>
2.3.1Issuance of Letters of Credit<BR>
2.3.2Reimbursement; Participations.<BR>
2.3.3Cash Collateral<BR>
2.3.4Resignation of Issuing Bank<BR>
INTEREST, FEES AND CHARGES<BR>
Interest.<BR>
3.1.1Rates and Payment of Interest.<BR>
3.1.2Application of LIBOR to Outstanding Loans.<BR>
3.1.3Interest Periods<BR>
3.1.4Interest Rate Not Ascertainable<BR>
Fees.<BR>
3.2.1Unused Line Fee<BR>
3.2.2LC Facility Fees<BR>
3.2.3Closing Fee<BR>
3.2.4Fee Letters<BR>
Computation of Interest, Fees, Yield Protection.<BR>
Reimbursement Obligations.<BR>
Illegality.<BR>
Inability to Determine Rates.<BR>
Increased Costs; Capital Adequacy.<BR>
3.7.1Increased Costs Generally<BR>
3.7.2Capital Requirements<BR>
3.7.3LIBOR Loan Reserves<BR>
3.7.4Compensation<BR>
Mitigation.<BR>
Funding Losses.<BR>
LOAN ADMINISTRATION<BR>
Manner of Borrowing and Funding Revolver Loans.<BR>
4.1.1Notice of Borrowing.<BR>
4.1.2Fundings by Lenders.<BR>
4.1.3Swingline Loans; Settlement.<BR>
4.1.4Notices.<BR>
Defaulting Lender.<BR>
4.2.1Reallocation of Pro Rata Share; Amendments.<BR>
4.2.2Payments; Fees.<BR>
4.2.3Status; Cure.<BR>
Number and Amount of LIBOR Loans; Determination of Rate.<BR>
Borrower Agent.<BR>
One Obligation.<BR>
Effect of Termination.<BR>
PAYMENTS<BR>
General Payment Provisions.<BR>
Repayment of Revolver Loans.<BR>
&#091;Intentionally Omitted&#093;.<BR>
Payment of Other Obligations.<BR>
Marshaling; Payments Set Aside.<BR>
Application and Allocation of Payments.<BR>
5.6.1Application<BR>
5.6.2Post-Default Allocation<BR>
5.6.3Erroneous Application<BR>
Dominion Account.<BR>
Account Stated.<BR>
Taxes.<BR>
5.9.1Payments Free of Taxes; Obligation to Withhold; Tax Payment<BR>
5.9.2Payment of Other Taxes<BR>
5.9.3Tax Indemnification<BR>
5.9.4Evidence of Payments<BR>
5.9.5Treatment of Certain Refunds<BR>
5.9.6Survival<BR>
Lender Tax Information<BR>
5.10.1Status of Lenders<BR>
5.10.2Documentation<BR>
5.10.3Redelivery of Documentation<BR>
Guaranty; Nature and Extent of Liability.<BR>
5.11.1Guaranty; Joint and Several Liability<BR>
5.11.2Permitted Actions<BR>
5.11.3Waivers<BR>
5.11.4Extent o