SEC Contract Filing

Filing Date: 2020-04-13

Document Content:
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<TYPE>EX-10.44
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<FILENAME>aresamendno2secondliencr.htm
<DESCRIPTION>EX-10.44
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<DIV><FONT size="1" style="font-size:1pt;color:white"> Execution Version AMENDMENT NO. 2 TO SECOND LIEN CREDIT AGREEMENT This AMENDMENT NO. 2 TO SECOND LIEN CREDIT AGREEMENT, dated as of July 18, 2019 and effective as of June 29, 2019 (this &#8220;Amendment&#8221;), is by and among TELIGENT, INC., a Delaware corporation (the &#8220;Borrower&#8221;), its Subsidiaries signatory hereto as guarantors or hereafter designated as Guarantors pursuant to Section 8.11 of the Credit Agreement (as defined below), the lenders from time to time party hereto (each a &#8220;Lender&#8221; and, collectively, the &#8220;Lenders&#8221;), ARES CAPITAL CORPORATION, a Maryland corporation (&#8220;ARCC&#8221;), as administrative agent and collateral agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the &#8220;Administrative Agent&#8221;). For purposes of this Amendment, all terms used herein which are not otherwise defined herein, including but not limited to those terms used in the recitals hereto, shall have the respective meanings assigned thereto in the Amended Credit Agreement (as defined below). WHEREAS, the Administrative Agent, Lenders, Borrower and other Credit Parties have entered into financing arrangements pursuant to which the Lenders (or Administrative Agent on behalf of the Lenders) have made and may make Loans and provide other financial accommodations to Borrower as set forth in (i) the Second Lien Credit Agreement, dated as of December 13, 2018, as amended by that certain Amendment No. 1 to Second Lien Credit Agreement, dated as of February 8, 2019 (as in effect prior to the effectiveness of this Amendment, the &#8220;Credit Agreement&#8221;, and as the same is further amended by this Amendment and as may be further amended, restated, supplemented or otherwise modified from time to time, the &#8220;Amended Credit Agreement&#8221;), by and among the Administrative Agent, Lenders, Borrower and other Credit Parties and (ii) the other Credit Documents, including, without limitation, this Amendment; WHEREAS, the Borrower, the Administrative Agent, and the Lenders desire to extend the DDTL A Commitment Expiration Date from June 30, 2019 to the first anniversary of the Closing Date without prior termination of the DDTL A Commitment; and WHEREAS, the Borrower, the Administrative Agent, and the Lenders desire to amend certain provisions of the Credit Agreement, as provided more fully herein. NOW THEREFORE, in consideration of the foregoing premises and the mutual agreements and covenants contained in the Credit Agreement and herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: Section 1. Amendments to the Credit Agreement. Subject to the conditions to effectiveness set forth in Section 3 hereof, and in reliance upon the representations and warranties made by the Credit Parties in Section 2 hereof, pursuant to Section 12.01 of the Credit Agreement and subject to the terms and conditions herein, the Credit Agreement is hereby amended as set forth below in this Section 1. 1.01. The defined term &#8220;DDTL A Commitment Expiration Date&#8221; set forth in Section 1.01 of the Credit Agreement is hereby deleted in its entirety and the following defined term is substituted therefor in its proper alphabetical order: DB1/ 105264707.2 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> &#8220;&#8216;DDTL A Commitment Expiration Date&#8217; shall mean the date that is the first anniversary of the Closing Date.&#8221; Section 2. Representations and Warranties. Each Credit Party, jointly and severally, hereby represents and warrants to the Lenders and the Administrative Agent as follows, which representations and warranties are continuing and shall survive the execution and delivery hereof: 2.01. No Default. At and as of the date of this Amendment and both prior to and after giving effect to this Amendment, no Default or Event of Default is continuing. 2.02. Representations and Warranties True and Correct. At and as of the date of this Amendment and both prior to and after giving effect to this Amendment, each of the representations and warranties contained in the Credit Agreement and other Credit Documents is true and correct in all material respects (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties are true and correct in all material respects as of such earlier date). 2.03. Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute and deliver this Amendment and carry out the terms and provisions of this Amendment and the Amended Credit Agreement and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this Amendment and the performance of the Amended Credit Agreement. Each Credit Party has duly executed and delivered this Amendment, and this Amendment and the Amended Credit Agreement constitute the valid and binding agreements of such Credit Party enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, frau