SEC Contract Filing

Filing Date: 2016-10-04

Document Content:
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<TYPE>EX-10.6
<SEQUENCE>9
<FILENAME>d278504dex106.htm
<DESCRIPTION>EX-10.6
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<TITLE>EX-10.6</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 10.6 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Version </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>GUARANTEE AGREEMENT </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">GUARANTEE AGREEMENT (this &#147;<U>Guarantee Agreement</U>&#148;), dated as of September&nbsp;30, 2016, by each of the Persons listed as a
&#147;Guarantor&#148; on the signature pages hereto (including, for the purposes hereof, the Borrower (as defined below)) and each other Person who shall become a Party hereto by execution of a Guarantee Joinder Agreement substantially in the form
of Exhibit A attached hereto (each such Person, individually, a &#147;<U>Guarantor</U>&#148; and, collectively, the &#147;<U>Guarantors</U>&#148;) in favor of Citibank, N.A., as administrative agent for its own benefit and the benefit of the other
Secured Parties (as defined in the Credit Agreement referred to below) (in such capacities, together with permitted successors and assigns, the &#147;<U>Agent</U>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">W I T N E S S E T H </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS,
reference is made to that certain Credit Agreement, dated as of September&nbsp;30, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the &#147;<U>Credit Agreement</U>&#148;), by and among
(i)&nbsp;Versum Materials, Inc., a Delaware corporation (the &#147;<U>Borrower</U>&#148;), (ii)&nbsp;each Lender from time to time party thereto and (iii)&nbsp;the Citibank, N.A., as collateral agent (in such capacity the &#147;<U>Collateral
Agent</U>&#148;). Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms in the Credit Agreement; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Lenders have agreed to make Loans to the Borrower pursuant to, and upon the terms and subject to the conditions expressly
specified in, the Credit Agreement. Each Guarantor acknowledges that it is an integral part of a consolidated enterprise and that it will derive substantial direct and indirect benefits from the availability of the Commitments provided for in the
Credit Agreement and from the making of the Loans by the Lenders. The obligations of the Lenders to make Loans are conditioned on, among other things, the execution and delivery by the Guarantors of a guarantee agreement in the form hereof. As
consideration therefor and in order to induce the Lenders to make Loans and provide the Commitments, the Guarantors are willing to execute this Guarantee Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Accordingly, the parties hereto agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Guarantee</U>. Each Guarantor fully, unconditionally and irrevocably guarantees, jointly with the other Guarantors and severally, as a
primary obligor and not merely as a surety, to the Agent for the benefit of the Secured Parties and their respective successors, indorsees, transferees and assigns, the due and punctual payment (whether at the stated maturity, by required
prepayment, by acceleration or otherwise) of all Obligations, including all such Obligations which shall become due but for the operation of the Bankruptcy Code of the United States (the &#147;<U>Bankruptcy Code</U>&#148;) (collectively, the
&#147;<U>Guaranteed Obligations</U>&#148;); <I>provided</I>, <I>however</I>, that Guaranteed Obligations consisting of obligations arising under any Swap Contract shall exclude all Excluded Swap Obligations. Each Guarantor further agrees that the
Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon the Guarantee Agreement notwithstanding any extension or renewal of any Guaranteed Obligation.
Notwithstanding any provision hereof or in any other Loan Document to the contrary, in the event that any Guarantor is not an &#147;eligible contract participant&#148; as such term is defined in Section&nbsp;1(a)(18) of the Commodity Exchange Act,
as amended, at the time (i)&nbsp;any transaction is entered into under a Swap Contract or (ii)&nbsp;such Guarantor becomes a Guarantor hereunder, the Guaranteed Obligations of such Guarantor shall not include (x)&nbsp;in the case of clause
(i)&nbsp;above, such transaction and (y)&nbsp;in the case of clause (ii)&nbsp;above, any transactions outstanding under any Swap Contract as of the date such Guarantor becomes a Guarantor hereunder. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 1 - </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each Guarantor agrees that (i)&nbsp;it is jointly and severally, directly and primarily liable
(subject to the operation of the Bankruptcy Code) for the Guaranteed Obligations and (ii)&nbsp;the Guaranteed Obligations will rank equally in right of pay