SEC Contract Filing

Filing Date: 2015-02-04

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d864982dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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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; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION COPY </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">AMENDMENT
AND RESTATEMENT AGREEMENT </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Dated as of February&nbsp;4, 2015 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">THIS AMENDMENT AND RESTATEMENT AGREEMENT (this &#147;<U>Agreement</U>&#148;) is made as of February&nbsp;4, 2015 by and among Microchip
Technology Incorporated, a Delaware corporation (the &#147;<U>Borrower</U>&#148;), the financial institutions listed on the signature pages hereof and JPMorgan Chase Bank, N.A., as Administrative Agent (the &#147;<U>Administrative Agent</U>&#148;),
under that certain Credit Agreement dated as of June&nbsp;27, 2013 by and among the Borrower, the lenders party thereto from time to time and the Administrative Agent (as in effect on the date hereof, the &#147;<U>Existing Credit
Agreement</U>&#148;). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Restated Credit Agreement (as defined below). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrower, the Lenders party hereto and the Administrative Agent have agreed to amend and restate the Existing Credit Agreement;
and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the parties hereto have agreed to such amendment and restatement on the terms and conditions set forth herein; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto have agreed to enter into this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1. <U>Amendment and Restatement of the Existing Credit Agreement</U>. (a)&nbsp;Effective on the Restatement Effective Date (as defined below),
the Existing Credit Agreement is hereby amended and restated in its entirety to read as set forth in <U>Annex A</U> hereto (the &#147;<U>Restated Credit Agreement</U>&#148;). From and after the effectiveness of such amendment and restatement, the
terms &#147;Agreement&#148;, &#147;this Agreement&#148;, &#147;herein&#148;, &#147;hereinafter&#148;, &#147;hereto&#148;, &#147;hereof&#148; and words of similar import, as used in the Restated Credit Agreement, shall, unless the context otherwise
requires, refer to the Restated Credit Agreement, and the term &#147;Credit Agreement&#148;, as used in the other Loan Documents, shall mean the Restated Credit Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Subject to <U>Section&nbsp;2</U> below, all &#147;Revolving Commitments&#148; as defined in, and in effect under, the Existing Credit
Agreement on the Restatement Effective Date shall continue in effect under the Restated Credit Agreement, and all &#147;Revolving Loans&#148; and &#147;Letters of Credit&#148; as defined in, and outstanding under, the Existing Credit Agreement on
the Restatement Effective Date shall continue to be outstanding under the Restated Credit Agreement, and on and after the Restatement Effective Date the terms of the Restated Credit Agreement will govern the rights and obligations of the Borrower,
the Lenders and the Administrative Agent with respect thereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The amendment and restatement of the Existing Credit Agreement as
contemplated hereby shall not be construed to discharge or, except as expressly contemplated under <U>Section&nbsp;2</U> below, otherwise affect any obligations of the Borrower accrued or otherwise owing under the Existing Credit Agreement that have
not been paid, it being understood that such obligations will constitute obligations under the Restated Credit Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.
<U>Classification of Revolving Commitments and Credit Exposure; New Lenders</U>. (a)&nbsp;Effective upon the Restatement Effective Date (i)&nbsp;each Revolving Lender under the Existing Credit </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Agreement that, on or prior to the requisite time on the date hereof, has executed and delivered to the
Administrative Agent (or its counsel) a counterpart of this Agreement as a &#147;2020 Dollar Tranche Lender&#148; (or evidence thereof as contemplated by <U>Section&nbsp;3(a)</U> below) shall be a 2020 Dollar Tranche Lender under the Restated Credit
Agreement, and its Dollar Tranche Commitment and Dollar Tranche Revolving Loans under the Existing Credit Agreement shall be a 2020 Dollar Tranche Commitment and 2020 Dollar Tranche Revolving Loans under the Restated Credit Agreement, respectively,
(ii)&nbsp;each other Dollar Tranche Lender under the Existing Credit Agreement shall be a 2018 Dollar Tra