SEC Contract Filing

Filing Date: 2015-07-08

Document Content:
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<TYPE>EX-10.2
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<FILENAME>d87085dex102.htm
<DESCRIPTION>EX-10.2
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<TITLE>EX-10.2</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Exhibit 10.2 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT NO. 1 TO TERM LOAN AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This AMENDMENT NO. 1 TO TERM LOAN AGREEMENT, dated as of July&nbsp;1, 2015 (this &#147;<U>Amendment</U>&#148;), among Harris Corporation, a
Delaware corporation (the &#147;<U>Borrower</U>&#148;) and the Lenders under the Loan Agreement (each as defined below) party hereto amends the Term Loan Agreement, dated as of March&nbsp;16, 2015 (as amended, restated, extended, supplemented,
modified and otherwise in effect on the date hereof, the &#147;<U>Loan Agreement</U>&#148;), among, <I>inter alios</I>, the Borrower, each lender from time to time party thereto (the &#147;<U>Lenders</U>&#148;) and Morgan Stanley Senior Funding,
Inc., as administrative agent (in such capacity, together with its successors and permitted assigns, the &#147;<U>Administrative Agent</U>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>W</U> <U>I</U> <U>T</U> <U>N</U> <U>E</U> <U>S</U> <U>S</U> <U>E</U> <U>T</U> <U>H</U>: </B></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 and the Lenders party hereto constituting the Required Lenders wish to amend the Loan Agreement as set forth
herein. </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 foregoing recital, mutual agreements contained herein and for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower and the Lenders party hereto hereby agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>Section&nbsp;1. Defined Terms</B>. All capitalized terms used but not defined in this Amendment shall have the respective meanings
specified in the Loan Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>Section&nbsp;2. Amendments to the Loan Agreement</B>. The parties agree that the Loan Agreement is
amended as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The following definition is hereby inserted in the appropriate alphabetical location into
<U>Section&nbsp;1.01</U>: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Restrictive Covenant</U>&#148; has the meaning set forth in <U>Section&nbsp;7.07</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The definition of &#147;Existing Revolving Credit Agreement&#148; is amended by replacing such definition in its entirety with the
following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Existing Revolving Credit Agreement</U>&#148; means that certain Revolving Credit Agreement, dated as
of July&nbsp;1, 2015, by and among the Borrower, certain of its Subsidiaries, the lenders from time to time party thereto and SunTrust Bank, as administrative agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Section&nbsp;7.07 of the Loan Agreement is amended by replacing such Section in its entirety with the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Section&nbsp;7.07. Restrictive Agreements. </B>Enter into, incur or permit to exist, or permit any Material Subsidiary to,
enter into, incur or permit to exist, directly or indirectly, any agreement that prohibits, restricts or imposes any condition upon the ability of any Material Subsidiary to pay dividends or other distributions with respect to its common stock, to
make </P>

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or repay loans or advances to the Borrower or any other Restricted Subsidiary or to transfer any of its property or assets to the Borrower or any Restricted Subsidiary (each, a
&#147;<U>Restrictive Covenant</U>&#148;); provided, that (i)&nbsp;the foregoing shall not apply to restrictions or conditions imposed (x)&nbsp;by Law, (y)&nbsp;by this Agreement or any other Loan Document, or (z)&nbsp;by the Existing Revolving
Credit Agreement or any amendment, restatement, modification, replacement or refinancing thereof, or any other agreement or instrument governing Debt permitted to be incurred and outstanding hereunder, in each case so long as any such Restrictive
Covenant is not materially more restrictive than the equivalent covenant under this Agreement, and (ii)&nbsp;the foregoing shall not apply to customary restrictions and conditions contained in (x)&nbsp;agreements relating to the sale of a Material
Subsidiary pending such sale, provided such restrictions and conditions apply only to the Material Subsidiary that is sold and such sale is not prohibited hereunder, (y)&nbsp;Debt secured by a Lien permitted to be incurred hereunder if such
restrictions and conditions apply only to the property or assets securing such Debt, or (z)&nbsp;agreeme