LOAN AND GUARANTY AGREEMENT
1. DEFINITIONS AND CONSTRUCTION | 1 | |||
1.1Definitions | 1 | |||
1.2Accounting Terms | 43 | |||
1.3Code | 43 | |||
1.4Construction | 44 | |||
1.5Schedules and Exhibits | 44 | |||
2. LOAN AND TERMS OF PAYMENT | 44 | |||
2.1Revolver Advances | 44 | |||
2.2Revolver Increase | 45 | |||
2.3Borrowing Procedures and Settlements | 46 | |||
2.4Payments | 52 | |||
2.5Overadvances | 55 | |||
2.6Interest Rates and Letter of Credit Fee: Rates, Payments, and Calculations | 55 | |||
2.7Cash Management | 56 | |||
2.8Crediting Payments | 60 | |||
2.9Designated Account | 60 | |||
2.10Maintenance of Loan Account; Statements of Obligations | 61 | |||
2.11Fees | 61 | |||
2.12Letters of Credit | 61 | |||
2.13LIBOR Option | 65 | |||
2.14Capital Requirements | 68 | |||
3. CONDITIONS; TERM OF AGREEMENT | 69 | |||
3.1Conditions Precedent to the Initial Extension of Credit | 69 | |||
3.2[Intentionally Omitted] | 71 | |||
3.3Conditions Precedent to all Extensions of Credit | 71 | |||
3.4Term | 72 | |||
3.5Effect of Termination | 72 | |||
3.6Early Termination by Borrower | 73 | |||
4. [INTENTIONALLY OMITTED] | 73 | |||
5. REPRESENTATIONS AND WARRANTIES | 73 | |||
5.1No Encumbrances | 73 | |||
5.2Eligible Accounts | 74 | |||
5.3Eligible Inventory | 74 | |||
5.4Location of Inventory | 74 | |||
5.5Inventory Records | 74 |
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5.6State of Incorporation; Location of Chief Executive Office; FEIN; Organizational ID Number | 74 | |||
5.7Due Organization and Qualification; Subsidiaries | 75 | |||
5.8Due Authorization; No Conflict | 75 | |||
5.9Litigation | 76 | |||
5.10No Material Adverse Change | 76 | |||
5.11Fraudulent Transfer | 77 | |||
5.12Employee Benefits | 77 | |||
5.13Environmental Condition | 77 | |||
5.14Investment Company Act | 77 | |||
5.15Intellectual Property | 77 | |||
5.16Leases | 78 | |||
5.17Deposit Accounts | 78 | |||
5.18Complete Disclosure | 78 | |||
5.19Indebtedness | 78 | |||
5.20Credit Card Receipts | 78 | |||
5.21Margin Stock | 79 | |||
5.22Senior Debt | 79 | |||
5.23Anti-Terrorism Laws | 79 | |||
5.24Related Documents | 80 | |||
6. AFFIRMATIVE COVENANTS | 81 | |||
6.1Accounting System | 81 | |||
6.2Collateral Reporting | 81 | |||
6.3Financial Statements, Reports, Certificates | 81 | |||
6.4Returns | 84 | |||
6.5Maintenance of Properties | 84 | |||
6.6Taxes | 84 | |||
6.7Insurance | 84 | |||
6.8Location of Inventory/Chief Executive Offices | 85 | |||
6.9Compliance with Laws | 85 | |||
6.10Leases | 85 | |||
6.11Existence | 86 | |||
6.12Environmental | 86 | |||
6.13Disclosure Updates | 86 | |||
6.14Formation of Subsidiaries | 86 | |||
6.15Designation of Subsidiaries | 87 | |||
6.16Segregation of Collateral | 88 | |||
7. NEGATIVE COVENANTS | 88 | |||
7.1Indebtedness | 88 | |||
7.2Liens | 90 | |||
7.3Restrictions on Fundamental Changes/Disposal of Assets | 91 |
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7.4Change Name | 92 | |||
7.5Nature of Business | 92 | |||
7.6Amendments | 92 | |||
7.7Change of Control | 93 | |||
7.8Distributions | 93 | |||
7.9Accounting Methods; Fiscal Year | 93 | |||
7.10Investments | 93 | |||
7.11Transactions with Affiliates | 95 | |||
7.12Use of Proceeds | 95 | |||
7.13Limitations on Restrictions on Subsidiary Distributions; No New Negative Pledge | 95 | |||
7.14Modification of Governing Documents | 96 | |||
7.15Modification of Related Documents | 96 | |||
7.16Sales and Lease-Backs | 96 | |||
7.17Minimum Fixed Charge Coverage Ratio | ||||
7.18No Speculative Transactions | 96 | |||
8. EVENTS OF DEFAULT | 97 | |||
9. THE LENDER GROUP’S RIGHTS AND REMEDIES | 99 | |||
9.1Rights and Remedies | 99 | |||
9.2Remedies Cumulative | 101 | |||
10. TAXES AND EXPENSES | 101 | |||
11. WAIVERS; INDEMNIFICATION | 102 | |||
11.1Demand; Protest; etc | 102 | |||
11.2The Lender Group’s Liability for Collateral | 102 | |||
11.3Indemnification | 102 | |||
12. NOTICES | 103 | |||
13. CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER | 104 | |||
14. ASSIGNMENTS AND PARTICIPATIONS; SUCCESSORS | 105 | |||
14.1Assignments and Participations | 105 | |||
14.2Successors | 108 | |||
15. AMENDMENTS; WAIVERS | 108 | |||
15.1Amendments and Waivers | 108 | |||
15.2Replacement of Holdout Lender | 110 | |||
15.3No Waivers; Cumulative Remedies | 110 | |||
16. AGENT; THE LENDER GROUP | 111 |
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16.1Appointment and Authorization of Agent | 111 | |||
16.2Delegation of Duties | 112 | |||
16.3Liability of Agent | 112 | |||
16.4Reliance by Agent | 112 | |||
16.5Notice of Default or Event of Default | 113 | |||
16.6Credit Decision | 113 | |||
16.7Costs and Expenses; Indemnification | 114 | |||
16.8Agent in Individual Capacity | 114 | |||
16.9Successor Agent | 115 | |||
16.10Lender in Individual Capacity | 115 | |||
16.11Withholding Taxes | 116 | |||
16.12Collateral Matters | 118 | |||
16.13Restrictions on Actions by Lenders; Sharing of Payments | 119 | |||
16.14Agency for Perfection | 120 | |||
16.15Payments by Agent to the Lenders | 120 | |||
16.16Concerning the Collateral and Related Loan Documents | 120 | |||
16.17Field Audits and Examination Reports; Confidentiality; Disclaimers by Lenders; Other Reports and Information | 121 | |||
16.18Several Obligations; No Liability | 122 | |||
16.19Legal Representation of Agent | 125 | |||
17. GUARANTY. | 125 | |||
17.1Guaranty of the Obligations | 125 | |||
17.2Contribution by Guarantors | 125 | |||
17.3Payment by Guarantors | 126 | |||
17.4Liability of Guarantors Absolute | 127 | |||
17.5Waivers by Guarantors | 129 | |||
17.6Guarantors’ Rights of Subrogation, Contribution, Etc. | 130 | |||
17.7Subordination Of Other Obligations | 131 | |||
17.8Continuing Guaranty | 131 | |||
17.9Authority of Guarantors or Borrower | 131 | |||
17.10Financial Condition of Borrower | 131 | |||
17.11Bankruptcy, Etc. | 131 | |||
18. GENERAL PROVISIONS. | 132 | |||
18.1Effectiveness | 132 | |||
18.2Section Headings | 132 | |||
18.3Interpretation | 132 | |||
18.4Severability of Provisions | 132 | |||
18.5Amendments in Writing | 133 | |||
18.6Counterparts; Telefacsimile Execution | 133 | |||
18.7Revival and Reinstatement of Obligations | 133 | |||
18.8Confidentiality | 133 |
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18.9Integration | 134 | |||
18.10Patriot Act Notice | 134 | |||
18.11Amendment and Restatement | 135 |
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Exhibit A-1 | Form of Assignment and Acceptance | |
Exhibit C-1 | Form of Compliance Certificate | |
Exhibit C-2 | Form of Closing Compliance Certificate | |
Exhibit G | Form of Pledge and Security Agreement | |
Exhibit L-1 | Form of LIBOR Notice | |
Exhibit M | Form of Borrowing Base Certificate | |
Schedule A-1 | Agent’s Account | |
Schedule A-2 | Authorized Persons | |
Schedule C-1 | Commitments | |
Schedule D-1 | Designated Account | |
Schedule D-2 | Group Concentration Account | |
Schedule E-1 | Eligible Inventory Locations | |
Schedule E-2 | Pool Locations | |
Schedule P-1 | Permitted Liens | |
Schedule 1.1(b) | Qualified Restricted Subsidiary | |
Schedule 3.1(d) | Real Property | |
Schedule 5.4 | Locations of Inventory | |
Schedule 5.6(a) | States of Organization | |
Schedule 5.6(b) | Chief Executive Offices | |
Schedule 5.6(c) | FEINs | |
Schedule 5.7(b) | Capitalization of Borrower | |
Schedule 5.7(c) | Capitalization of Borrower’s Subsidiaries | |
Schedule 5.9 | Litigation | |
Schedule 5.12 | Employee Benefits | |
Schedule 5.13 | Environmental Matters | |
Schedule 5.15 | Intellectual Property | |
Schedule 5.17 | Deposit Accounts | |
Schedule 5.19 | Permitted Indebtedness | |
Schedule 5.20 | Credit Card Processors | |
Schedule 6.15 | Designation of Subsidiaries | |
Schedule 7.3 | Asset Dispositions | |
Schedule 7.9 | Accounting Methods; Fiscal Year | |
Schedule 7.10 | Investments | |
Schedule 7.11 | Transactions with Affiliates |
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Documentary | Standby | |||||||||||||||||
Average | Base Rate | LIBOR Rate | Letters | Letters of | ||||||||||||||
Level | Availability | Loans | Loans | of Credit | Credit | |||||||||||||
I | Greater than or equal to $225,000,000 | 0.75 | % | 1.75 | % | 1.25 | % | 1.75 | % | |||||||||
II | Greater than or equal to $125,000,000 but less than $225,000,000 | 1.00 | % | 2.00 | % | 1.50 | % | 2.00 | % | |||||||||
III | Less than $125,000,000 | 1.25 | % | 2.25 | % | 1.75 | % | 2.25 | % |
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If to any Credit Party: | COLLECTIVE BRANDS FINANCE, INC. | |
3231 Southeast Sixth Avenue | ||
Topeka, Kansas 66607-2207 | ||
Attn: General Counsel | ||
Fax No. (785) 368-7524 | ||
With a copy to: | SULLIVAN & CROMWELL LLP | |
1888 Century Park East, 21st Floor | ||
Los Angeles, California 90067 | ||
Attn: Hydee Feldstein | ||
Fax No. (310) 712-8800 | ||
If to Agent: | WELLS FARGO BANK, NATIONAL ASSOCIATION | |
One Boston Place, 18th Floor | ||
Boston, Massachusetts, 02108 | ||
Attn: Joseph Burt | ||
Fax No. (617) 523-4032 | ||
With a copy to: | WINSTON & STRAWN LLP |
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35 West Wacker Drive | ||
Chicago, Illinois 60601 | ||
Attn: Matthew D. O’Meara | ||
Fax No. (312) 558-7500 |
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AGENT: WELLS FARGO BANK, NATIONAL ASSOCIATION, as Agent and as a Lender | ||||
By: | /s/ Joseph Burt | |||
Name: | Joseph Burt | |||
Title: | Director | |||
SIEMENS FINANCIAL SERVICES, INC., as a Lender | ||||
By: | /s/ Anthony Casciano | |||
Name: | Anthony Casciano | |||
Title: | Managing Director | |||
By: | /s/ Paul Ramseur | |||
Name: | Paul Ramseur | |||
Title: | Vice President | |||
JPMORGAN CHASE BANK, N.A., as Documentation Agent and a Lender | ||||
By: | /s/ Bradford Kuhn | |||
Name: | Bradford Kuhn | |||
Title: | Vice President | |||
BANK OF AMERICA, N.A., as Syndication Agent and a Lender | ||||
By: | /s/ Roger Malouf | |||
Name: | Roger Malouf | |||
Title: | Vice President | |||
PNC BANK, NATIONAL ASSOCIATION, as a Lender | ||||
By: | /s/ John Wenzinger | |||
Name: | John Wenzinger | |||
Title: | Vice President | |||
CREDIT PARTIES: COLLECTIVE BRANDS FINANCE, INC., as Borrower | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Division Senior Vice President and Treasurer | |||
COLLECTIVE BRANDS, INC., a Delaware corporation, as Parent | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Division Senior Vice President — Chief Financial Officer and Treasurer | |||
COLLECTIVE LICENSING, LP, a Delaware limited partnership By:Payless Collective GP, LLC, its Managing Member | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
COLLECTIVE LICENSING INTERNATIONAL, LLC, a Delaware limited liability company | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
DYELIGHTS, INC., a Delaware corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
PAYLESS COLLECTIVE GP, LLC, a Delaware limited liability company | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
PAYLESS NYC, INC., a Kansas corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
PAYLESS PURCHASING SERVICES, INC., a Kansas corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
PAYLESS SHOESOURCE DISTRIBUTION, INC., a Kansas corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
PAYLESS SHOESOURCE GOLD VALUE, INC., a Kansas corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
PAYLESS SHOESOURCE LEASING, LLC, a Delaware limited liability company By: Payless ShoeSource, Inc., its sole member | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Division Senior Vice President — Chief Financial Officer and Treasurer | |||
PAYLESS SHOESOURCE MERCHANDISING, INC., a Kansas corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
PAYLESS SHOESOURCE WORLDWIDE, INC., a Kansas corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Division Senior Vice President — Chief Financial Officer and Treasurer | |||
PAYLESS SHOESOURCE, INC., a Missouri corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Division Senior Vice President — Chief Financial Officer and Treasurer | |||
PSS CANADA, INC., a Kansas corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
PSS DELAWARE COMPANY 2, INC., a Delaware corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
COLLECTIVE BRANDS SERVICES, INC., a Delaware corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
PSS DELAWARE COMPANY 4, INC., a Delaware corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
PSS INVESTMENT I, INC., a Nevada corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
PSS INVESTMENT III, INC., a Kansas corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
ROBEEZ LOGISTICS INC., a Nevada corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
ROBEEZ US HOLDINGS INC., a Nevada corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
ROBEEZ U.S., INC., a Washington corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
SAUCONY UK, INC., a Massachusetts corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
SAUCONY, INC., a Massachusetts corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
SAUCONY/ECOM, INC., a Delaware corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
SHOE SOURCING, INC., a Kansas corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
SPERRY TOP-SIDER, LLC, a Massachusetts limited liability company | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
SR HOLDINGS, LLC, a Delaware limited liability company | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
STRIDE RITE INTERNATIONAL CORP., a Massachusetts corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
SR/ECOM, INC., a Massachusetts corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
SRCG LLC, a Delaware limited liability company By: Stride Rite Investment Corporation, its sole member | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
SRCG/ECOM, INC., a Delaware corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
SRL, LLC, a Delaware limited liability company | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
SRR, INC., a Delaware corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
STRIDE RITE CHILDREN’S GROUP, LLC, a Massachusetts limited liability company | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
STRIDE RITE INTERNATIONAL LLC, a Delaware limited liability company By: Saucony UK, Inc., its sole member | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
STRIDE RITE INVESTMENT CORPORATION, a Massachusetts corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
PAYLESS CUSTOMER SERVICE SOLUTION, LLC, a Delaware limited liability company | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
STRIDE RITE SOURCING INTERNATIONAL, INC., a Massachusetts corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
STS/ECOM, INC., a Delaware corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
KEDS, LLC, a Massachusetts limited liability company | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
TOMMY HILFIGER FOOTWEAR, LLC, a Massachusetts limited liability company | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
KEDS SERVICES, LLC, a Delaware limited liability company | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
EASTBOROUGH, INC., a Kansas corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
PSS US INVESTMENTS, LP, a Nevada limited partnership | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
PSS US HOLDINGS, LLC, a Nevada limited liability company | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
COLLECTIVE BRANDS, LLC, a Kansas limited liability company By: Payless ShoeSource Worldwide, Inc., its sole member | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Division Senior Vice President — Chief Financial Officer and Treasurer | |||
COLLECTIVE BRANDS FRANCHISING SERVICES, LLC, a Kansas limited liability company By: Payless ShoeSource Worldwide, Inc., its sole member | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Division Senior Vice President — Chief Financial Officer and Treasurer | |||
PAYLESS INTERNATIONAL FRANCHISING, LLC, a Kansas limited liability company By: Payless ShoeSource Worldwide, Inc., its sole member | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Division Senior Vice President — Chief Financial Officer and Treasurer | |||
COLLECTIVE BRANDS INTERNATIONAL FRANCHISING, LLC, a Kansas limited liability company | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
COLLECTIVE INDONESIA FRANCHISING, LLC, a Kansas limited liability company | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
CLINCH, LLC, a Delaware limited liability company | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President and Treasurer | |||
COLLECTIVE BRANDS PERFORMANCE + LIFESTYLE GROUP CANADA DISTRIBUTION, LLC, a Kansas limited liability company By:Stride Rite Canada Limited, its sole member | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
SAUCONY CORPORATE SERVICES, LLC, a Massachusetts limited liability company By: Stride Rite Investment Corporation, its sole member | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
SPERRY TOP-SIDER CORPORATE SERVICES, LLC, a Massachusetts limited liability company By: Stride Rite Investment Corporation, its sole member | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
THE STRIDE RITE CORPORATION, a Massachusetts corporation | ||||
By: | /s/ Douglas G. Boessen | |||
Name: | Douglas G. Boessen | |||
Title: | Vice President | |||
1 | To be modified by Agent as applicable with respect to any assignment of Obligations separate from assignment of Revolver Commitments. |
2 | Include only if Borrower has right of approval pursuant to Loan Agreement. |
[ASSIGNOR] __________________________, a as Assignor |
By: | ||||
Name: | ||||
Title: | ||||
[ASSIGNEE] __________________________, a as Assignee |
By: | ||||
Name: | ||||
Title: | ||||
as Agent
By: | ||||
Name: | ||||
Title: | ||||
as Borrower
By: | ||||
Name: | ||||
Title: | ] 2 | |||
TO
ASSIGNMENT AND ACCEPTANCE AGREEMENT
1. | Borrower: Collective Brands Finance, Inc. | |
2. | Name and Date of Loan Agreement: |
Second Amended and Restated Loan and Guaranty Agreement, dated as of August 16, 2011, as amended, restated, supplemented or otherwise modified from time to time, among Borrower, the other Credit Parties from time to time party thereto, the lenders from time to time Party thereto (the “Lenders”), Wells Fargo Bank, National Association, as administrative agent for the Lenders and Wells Fargo Capital Finance, LLC, as sole lead arranger and sole bookrunner. |
3. | Date of Assignment Agreement: | |||
________ | ||||
4. | Amounts: | |||
a. Assigned Amount of the [Revolver Commitment]3 | $______ | |||
b. Assignee’s Resulting [Revolver Commitment]3 | $______ | |||
5. | Purchase Price | $______ | ||
6. | Settlement Date: | ________ | ||
7. | Notice and Payment Instructions, etc. |
Assignee: | Assignor: | |||
Wiring Instructions: | Wiring Instructions: |
3 | To be modified by Agent as applicable with respect to any assignment of Obligations separate from assignment of Revolver Commitments. |
8. | Agreed and Accepted: |
[ASSIGNEE] _____________ | [ASSIGNOR] _____________ | |||||
a ________, as Assignee | a _________, as Assignor | |||||
By: | By: | |||||
Name: | Name: | |||||
Title: | Title: |
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Agent
By: | ||||
Name: | ||||
Title: |
(Form of Compliance Certificate)
To: | Wells Fargo Bank, National Association One Boston Place 18th Floor Boston, Massachusetts 02108 Attn: Joseph Burt |
Re: | Compliance Certificate dated _________________ |
4 | This Paragraph 6 and the calculations and certification required hereunder shall only be included in this Compliance Certificate at such time that a Covenant Triggering Period has occurred and is continuing. |
COLLECTIVE BRANDS FINANCE, INC., as Borrower | ||||
By: | ||||
Name: | ||||
Title: | ||||
TO COMPLIANCE CERTIFICATE
TO COMPLIANCE CERTIFICATE
Period or Dominion Triggering Period]
TO COMPLIANCE CERTIFICATE
(Form of Closing Date Compliance Certificate)
To: | Wells Fargo Bank, National Association One Boston Place 18th Floor Boston, Massachusetts 02108 Attn: Joseph Burt |
Re: | Compliance Certificate dated August 16, 2011 |
5 | This Paragraph 6 and the calculations and certification required hereunder shall only be included in this Compliance Certificate at such time that a Covenant Triggering Period has occurred and is continuing. |
COLLECTIVE BRANDS FINANCE, INC., as Borrower | ||||
By: | ||||
Name: | ||||
Title: | ||||
TO CLOSING DATE COMPLIANCE CERTIFICATE
TO CLOSING DATE COMPLIANCE CERTIFICATE
Period or Dominion Triggering Period]
TO CLOSING DATE COMPLIANCE CERTIFICATE
TO CLOSING DATE COMPLIANCE CERTIFICATE
among
as a Grantor
From Time to Time Party Hereto
as Administrative Agent
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FORM OF LIBOR NOTICE
One Boston Place
18th Floor
Boston, Massachusetts 02108
Attention: Joseph Burt
Dated: | ||||
COLLECTIVE BRANDS FINANCE, INC.,as Borrower | ||||
By: | ||||
Name: | ||||
Title: | ||||
Acknowledged by: WELLS FARGO BANK, NATIONAL ASSOCIATION, as Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
FORM OF BORROWING BASE CERTIFICATE
Total Collective Brands Finance, Inc | Cert. #: | 000 | ||||
Borrowing Base Certificate | Date: | 07/30/11 | ||||
FAX To: Phil Carmichael @ 617-523-4029 | Updates: | Quarterly |
TOTAL BORROWING BASE — UNCAPPED | $ | 0 | ||
TOTAL BORROWING BASE (capped at $300 Million) | $ | 0 |
Beginning Principal Balance as of: | 08/16/11 | $ | 0 | |||||||||||
ADD: | Advances through | 08/16/11 | $ | 0 | ||||||||||
Fees as of | 08/16/11 | $ | 0 | |||||||||||
Adjustments | 08/16/11 | $ | 0 | |||||||||||
LESS: | Payments through | 08/16/11 | $ | 0 | ||||||||||
Ending Principal Balance Prior to Advance Request | $ | 0 | ||||||||||||
Net Availability Prior to Today’s Request | $ | 0 | ||||||||||||
Today’s Advance Request: | $ | 0 | ||||||||||||
Today’s Payment Request: | $ | 0 | ||||||||||||
Ending Loan Balance | $ | 0 | ||||||||||||
Total L/C’s Outstanding | Doc: | $ 0 | Standby: | $ 0 | = | $ | 0 | |||||||
Total Exposure | $ | 0 | ||||||||||||
Excess Availability | $ | 0 |
Authorized Signer: | Printed Name: | Gary C. Madsen | Signature: | |||||
WFRF Account Executive: | Printed Name: | Signature: | ||||||