SEC Contract Filing

Filing Date: 2015-05-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d932473dex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <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">EXECUTION VERSION </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:26%; text-indent:8%; font-size:10pt; font-family:Times New Roman">LOAN MODIFICATION AGREEMENT dated as of May&nbsp;20, 2015 (this &#147;<U>Loan Modification Agreement</U>&#148;), to the
SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of June&nbsp;4, 2014 (as amended, supplemented or otherwise modified from time to time, the &#147;<U>Credit Agreement</U>&#148;), among TRANSDIGM INC., a Delaware corporation (the
&#147;<U>Borrower</U>&#148;), TRANSDIGM GROUP INCORPORATED, a Delaware corporation (&#147;<U>Holdings</U>&#148;), each subsidiary of the Borrower from time to time party thereto, the lenders party thereto (the &#147;<U>Existing Lenders</U>&#148;),
and CREDIT SUISSE AG, as administrative agent and collateral agent for the Lenders (in such capacities, the &#147;<U>Agent</U>&#148;). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">A. Pursuant to Section&nbsp;2.25 of the Credit Agreement, the Borrower has made a Loan Modification Offer (the &#147;<U>Tranche
C Loan Modification Offer</U>&#148;) to each Tranche C Term Lender to make certain Permitted Amendments with respect to their Tranche C Term Loans as set forth herein. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">B. The Tranche C Term Lenders party hereto (the &#147;<U>Accepting Tranche C Term Lenders</U>&#148;) are willing to accept such
Loan Modification Offer and agree to such Permitted Amendments with respect to their Tranche C Term Loans, on the terms and subject to the conditions set forth herein and in the Credit Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the
sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 1. <U>Defined
Terms.</U> Capitalized terms used but not defined herein (including in the recitals hereto) shall have the meanings given to them in the Credit Agreement. The rules of interpretation set forth in Section&nbsp;1.03 of the Credit Agreement are hereby
incorporated by reference herein, <I>mutatis mutandis</I>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2. <U>Term Loans of Accepting Tranche C Term
Lenders.</U> (a)&nbsp;Subject to the terms and conditions set forth herein and in the Credit Agreement, effective upon the Loan Modification Effective Date (as defined below), the Tranche C Term Loans of each Accepting Tranche C Term Lender shall be
converted into and shall constitute Tranche E Term Loans under the Credit Agreement (the Tranche C Term Loans so converted, the &#147;<U>Extended Tranche C Term Loans</U>&#148;). For the avoidance of doubt, all Tranche C Term Loans that are not
converted into Tranche E Term Loans pursuant hereto (including any Tranche C Term Loans of Accepting Tranche C Term Lenders that do not constitute Extended Tranche C Term Loans as a result of an election by the Borrower pursuant to preceding
sentence) shall, following the Loan Modification Effective Date, continue to be in effect and outstanding under the Credit Agreement as Tranche C Term Loans, with no modification to the terms thereof. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) On the Loan Modification Effective Date, (i)&nbsp;the principal amount of each scheduled repayment of Tranche C Term Loans
pursuant to Section&nbsp;2.08(a)(ii) </P>

<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">
of the Credit Agreement shall be reduced and (ii)&nbsp;the principal amount of each scheduled repayment of Tranche E Term Loans pursuant to Section&nbsp;2.08(b) of the Credit Agreement (as set
forth in Incremental Assumption Agreement No.&nbsp;1) shall be increased, in each case in an amount necessary to give effect to the reduction in outstanding Tranche C Term Loans and the increase in outstanding Tranche E Term Loans as a result of the
transactions contemplated hereby. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The parties hereto agree that the Agent is authorized to take such actions as are
necessary to ensure that the Extended Tranche C Term Loans converted into Tranche E Term Loans pursuant to this Loan Modification Agreement are included in each Borrowing of Tranche E Term Loans outstanding on the Loan Modification Effective Date on
a ratable basis. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Each of the Accepting Tranche C Term Lenders hereby acknowledges and agrees that the transactions
contemplated hereby shall be deemed to have occurred prior to the application of the proceeds of the Tranche E Refinancing Term Loans made on the date hereof pursuant to (and as defined in) the Incremental Revolving Credit Assumption a