SEC Contract Filing

Filing Date: 2018-05-30

Document Content:
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<TYPE>EX-10.10.3
<SEQUENCE>2
<FILENAME>vsat-ex10103_745.htm
<DESCRIPTION>EX-10.10.3
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.10.3</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Arial;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">May 24, 2018</p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-family:Arial;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Viasat, Inc.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#000000;font-family:Arial;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6155 El Camino Real</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#000000;font-family:Arial;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Carlsbad, California 92009</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Arial;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Attention:&nbsp;&nbsp;Shawn Duffy, Chief Financial Officer</p>
<p style="margin-top:12pt;margin-bottom:0pt;margin-left:7.69%;text-indent:0%;font-family:Arial;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Re:&nbsp;&nbsp;Third Amendment to Credit Agreement (this &#8220;<font style="text-decoration:underline;">Amendment</font>&#8221;)</p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-family:Arial;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Ladies and Gentlemen:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-family:Arial;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We refer to that<font style="letter-spacing:-0.15pt;"> certain</font> Credit Agreement dated as of November 26, 2013 among Viasat, Inc., a Delaware corporation (the &#8220;<font style="text-decoration:underline;">Borrower</font>&#8221;), each lender from time to time party thereto and MUFG Union Bank, N.A. (formerly known as Union Bank, N.A.), as administrative and collateral agent (in such capacity, the &#8220;<font style="text-decoration:underline;">Agent</font>&#8221;) (as amended, modified or supplemented from time to time, the &#8220;<font style="text-decoration:underline;">Credit Agreement</font>&#8221;).<font style="letter-spacing:-0.15pt;">&nbsp;&nbsp;Capitalized terms used herein and not defined shall have the meanings assigned to them in the Credit Agreement.&nbsp;&nbsp;</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-family:Arial;letter-spacing:-0.15pt;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Borrower has requested, and the Lenders have agreed, to amend the Credit Agreement in certain respects in accordance with the terms of this Amendment.&nbsp;&nbsp;Accordingly, the Credit Agreement is hereby amended as follows, effective as of the first day set forth above:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-family:Arial;letter-spacing:-0.15pt;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.&nbsp;&nbsp;In Section 1.1 of the Credit Agreement, a new definition is added in applicable alphabetical order, to read as follows: </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;margin-left:15.38%;text-indent:0%;font-family:Arial;letter-spacing:-0.15pt;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;<font style="text-decoration:underline;">Specified Insurance Proceeds</font>&#8221; means certain insurance proceeds anticipated to be received by the Borrower and/or ViaSat Technologies Ltd with respect to the ViaSat-2 satellite. </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;margin-left:15.38%;text-indent:0%;font-family:Arial;letter-spacing:-0.15pt;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;<font style="text-decoration:underline;">Temporary Leverage Increase</font>&#8221; has the meaning assigned to such term in Section 6.13.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-family:Arial;letter-spacing:-0.15pt;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.&nbsp;&nbsp;The definition of &#8220;Permitted Acquisition&#8221; contained in Section 1.1 of the Credit Agreement is restated in its entirety to read as follows: </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;margin-left:7.69%;text-indent:7.69%;font-family:Arial;letter-spacing:-0.15pt;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a>&#8220;<font style="text-decoration:underline;">Permitted Acquisition</font>&#8221; means any Acquisition of another Person that is engaged in, or of assets relating to, a Permitted Business; provided that: (i) subject (in the case of a Limited Condition Transaction) to Section 1.9, no Default or Event of Default shall exist at the time of such Acquisition or would exist immediately after giving effect to suc