CREDIT AGREEMENT
as Administrative Agent, L/C Issuer and Swing Line Lender
as Syndication Agent
and
WACHOVIA CAPITAL MARKETS, LLC
as Joint Lead Arrangers and Joint Book Managers
DEFINITIONS and accounting terms
Section 1.01 | Defined Terms | 1 | ||||||
Section 1.02 | Other Interpretive Provisions | 38 | ||||||
Section 1.03 | Accounting Terms | 39 | ||||||
Section 1.04 | Rounding | 39 | ||||||
Section 1.05 | Times of Day | 40 | ||||||
Section 1.06 | Letter of Credit Amounts | 40 |
THE COMMITMENTS AND CREDIT EXTENSIONS
Section 2.01 | The Loans | 40 | ||||||
Section 2.02 | Borrowings, Conversions and Continuations of Loans | 40 | ||||||
Section 2.03 | Letters of Credit | 42 | ||||||
Section 2.04 | Swing Line Loans | 51 | ||||||
Section 2.05 | Prepayments | 54 | ||||||
Section 2.06 | Termination or Reduction of Commitments | 55 | ||||||
Section 2.07 | Repayment of Loans | 56 | ||||||
Section 2.08 | Interest | 56 | ||||||
Section 2.09 | Fees | 57 | ||||||
Section 2.10 | Computation of Interest and Fees | 57 | ||||||
Section 2.11 | Evidence of Debt | 58 | ||||||
Section 2.12 | Payments Generally; Administrative Agent’s Clawback | 58 | ||||||
Section 2.13 | Sharing of Payments by Lenders | 60 | ||||||
Section 2.14 | Increase in Commitments | 61 |
TAXES, YIELD PROTECTION AND ILLEGALITY
Section 3.01 | Taxes | 62 | ||||||
Section 3.02 | Illegality | 64 | ||||||
Section 3.03 | Inability to Determine Rates | 65 | ||||||
Section 3.04 | Increased Costs; Reserves on Eurodollar Rate Loans | 65 | ||||||
Section 3.05 | Compensation for Losses | 67 | ||||||
Section 3.06 | Mitigation Obligations; Replacement of Lenders | 67 | ||||||
Section 3.07 | Survival | 68 |
(continued)
CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
Section 4.01 | Conditions of Initial Credit Extension | 68 | ||||||
Section 4.02 | Conditions to all Credit Extensions | 71 | ||||||
Section 4.03 | Reaffirmation | 71 |
REPRESENTATIONS AND WARRANTIES
Section 5.01 | Existence, Qualification and Power; Compliance with Laws | 71 | ||||||
Section 5.02 | Authorization; No Contravention | 72 | ||||||
Section 5.03 | Governmental Authorization; Other Consents | 72 | ||||||
Section 5.04 | Binding Effect | 72 | ||||||
Section 5.05 | Financial Condition; No Material Adverse Effect | 72 | ||||||
Section 5.06 | Litigation | 73 | ||||||
Section 5.07 | No Default | 74 | ||||||
Section 5.08 | Ownership of Property; Liens | 74 | ||||||
Section 5.09 | Environmental Compliance | 74 | ||||||
Section 5.10 | Insurance | 74 | ||||||
Section 5.11 | Taxes | 74 | ||||||
Section 5.12 | ERISA Compliance | 75 | ||||||
Section 5.13 | Subsidiaries | 75 | ||||||
Section 5.14 | Margin Regulations; Investment Company Act; Public Utility Holding Company Act | 76 | ||||||
Section 5.15 | Disclosure | 76 | ||||||
Section 5.16 | Compliance with Law | 76 | ||||||
Section 5.17 | Intellectual Property | 77 | ||||||
Section 5.18 | Purpose of Loans and Letters of Credit | 77 | ||||||
Section 5.19 | Labor Matters | 77 | ||||||
Section 5.20 | Solvency and Surplus | 77 | ||||||
Section 5.21 | Collateral Documents | 77 | ||||||
Section 5.22 | Ownership of the Borrower | 78 |
(continued)
AFFIRMATIVE COVENANTS
Section 6.01 | Financial Statements | 78 | ||||||
Section 6.02 | Certificates; Other Information | 79 | ||||||
Section 6.03 | Notices | 82 | ||||||
Section 6.04 | Payment of Obligations | 83 | ||||||
Section 6.05 | Preservation of Existence Etc | 83 | ||||||
Section 6.06 | Maintenance of Properties | 84 | ||||||
Section 6.07 | Insurance; Certain Proceeds | 84 | ||||||
Section 6.08 | Compliance with Law | 85 | ||||||
Section 6.09 | Books and Records; Lender Meeting | 86 | ||||||
Section 6.10 | Inspection Rights | 86 | ||||||
Section 6.11 | Use of Proceeds | 86 | ||||||
Section 6.12 | Additional Loan Parties; Additional Security | 87 | ||||||
Section 6.13 | Contributions | 89 | ||||||
Section 6.14 | Cash Collateral Accounts | 89 |
NEGATIVE COVENANTS
Section 7.01 | Limitation on Indebtedness | 90 | ||||||
Section 7.02 | Restriction on Liens | 92 | ||||||
Section 7.03 | Nature of Business | 94 | ||||||
Section 7.04 | Consolidation, Merger and Dissolution | 94 | ||||||
Section 7.05 | Asset Dispositions | 96 | ||||||
Section 7.06 | Investments | 97 | ||||||
Section 7.07 | Restricted Payments, etc | 99 | ||||||
Section 7.08 | Prepayments of Indebtedness, etc | 100 | ||||||
Section 7.09 | Transactions with Affiliates | 101 | ||||||
Section 7.10 | Fiscal Year; Accounting; Organizational and Other Documents | 102 | ||||||
Section 7.11 | Restrictions with Respect to Intercorporate Transfers | 102 | ||||||
Section 7.12 | Ownership of Subsidiaries; Limitations on Holdings and the Borrower | 103 | ||||||
Section 7.13 | Sale and Leaseback Transactions | 104 | ||||||
Section 7.14 | Capital Expenditures | 104 | ||||||
Section 7.15 | Additional Negative Pledges | 105 |
(continued)
Section 7.16 | Impairment of Security Interests | 105 | ||||||
Section 7.17 | Sales of Receivables | 105 | ||||||
Section 7.18 | Financial Covenants | 105 | ||||||
Section 7.19 | Independence of Covenants | 106 |
DEFAULTS
Section 8.01 | Events of Default | 106 | ||||||
Section 8.02 | Acceleration; Remedies | 110 | ||||||
Section 8.03 | Allocation of Payments After Event of Default | 111 |
AGENCY PROVISIONS
Section 9.01 | Appointment and Authority | 114 | ||||||
Section 9.02 | Rights as a Lender | 114 | ||||||
Section 9.03 | Exculpatory Provisions | 114 | ||||||
Section 9.04 | Reliance by Administrative Agent | 115 | ||||||
Section 9.05 | Delegation of Duties | 116 | ||||||
Section 9.06 | Resignation of Administrative Agent | 116 | ||||||
Section 9.07 | Non-Reliance on Administrative Agent and Other Lenders | 117 | ||||||
Section 9.08 | No Other Duties, Etc | 117 | ||||||
Section 9.09 | Administrative Agent May File Proofs of Claim | 117 | ||||||
Section 9.10 | Collateral and Guaranty Matters | 118 |
MISCELLANEOUS
Section 10.01 | Amendments, Etc | 119 | ||||||
Section 10.02 | Notices; Effectiveness; Electronic Communications | 121 | ||||||
Section 10.03 | No Waiver; Cumulative Remedies | 123 | ||||||
Section 10.04 | Expenses; Indemnity; Damage Waiver | 123 | ||||||
Section 10.05 | Defaulting Lenders | 125 | ||||||
Section 10.06 | Payments Set Aside | 125 | ||||||
Section 10.07 | Successors and Assigns | 125 | ||||||
Section 10.08 | Treatment of Certain Information; Confidentiality | 130 | ||||||
Section 10.09 | Set-off | 131 |
(continued)
Section 10.10 | Interest Rate Limitation | 131 | ||||||
Section 10.11 | Counterparts | 132 | ||||||
Section 10.12 | Integration | 132 | ||||||
Section 10.13 | Survival of Representations and Warranties | 132 | ||||||
Section 10.14 | Severability | 132 | ||||||
Section 10.15 | No Advisory or Fiduciary Responsibility | 132 | ||||||
Section 10.16 | Headings | 133 | ||||||
Section 10.17 | Governing Law; Submission to Jurisdiction | 133 | ||||||
Section 10.18 | Waiver of Right to Trial by Jury | 134 | ||||||
Section 10.19 | USA Patriot Act Notice; Lenders’ Compliance Certification | 135 | ||||||
Section 10.20 | Binding Effect | 135 | ||||||
Section 10.21 | Conflict | 135 | ||||||
Section 10.22 | Replacement of Lenders | 135 |
Schedule 2.01 | - | Lenders and Commitments | ||
Schedule 5.03 | - | Required Consents, Authorizations, Notices and Filings | ||
Schedule 5.13 | - | Subsidiaries | ||
Schedule 5.22 | - | Ownership of the Borrower | ||
Schedule 7.01 | - | Existing Indebtedness | ||
Schedule 7.09 | - | Transactions with Affiliates | ||
Schedule 10.02 | - | Administrative Agent’s Office, Certain Addresses for Notices |
Exhibit A-1 | - | Form of Committed Loan Notice | ||
Exhibit A-2 | - | Form of Swing Line Loan Notice | ||
Exhibit B-1 | - | Form of Revolving Credit Note | ||
Exhibit B-2 | - | Form of Term A Note | ||
Exhibit B-3 | - | Form of Swing Line Note | ||
Exhibit C | - | Form of Assignment and Assumption | ||
Exhibit D | Form of Compliance Certificate | |||
Exhibit E | - | Form of Opinion of Counsel for the Borrower and the Other Loan Parties | ||
Exhibit F | - | Form of Guaranty | ||
Exhibit G | - | Form of Perfection Certificate | ||
Exhibit H | - | Form of Intercompany Note | ||
Exhibit I | - | Form of Intercompany Note Subordination Provisions | ||
Exhibit J | - | Form of Loan Party Accession Agreement |
CREDIT AGREEMENT
DEFINITIONS AND ACCOUNTING TERMS
1
2
Pricing Level | Senior Leverage Ratio | Commitment Fee | ||||||
1 | Less than or equal to 1.0 to 1.0 | 20.0 | ||||||
2 | Less than or equal to 1.5 to 1.0 but greater than 1.0 to 1.0 | 25.0 | ||||||
3 | Less than or equal to 2.0 to 1.0 but greater than 1.5 to 1.0 | 25.0 | ||||||
4 | Less than or equal to 2.5 to 1.0 but greater than 2.0 to 1.0 | 30.0 | ||||||
5 | Less than or equal to 3.0 to 1.0 but greater than 2.5 to 1.0 | 30.0 | ||||||
6 | Greater than 3.0 to 1.0 | 35.0 |
3
Eurodollar Rate | ||||||||||||
Pricing Level | Senior Leverage Ratio | (Letters of Credit) | Base Rate | |||||||||
1 | Less than or equal to 1.0 to 1.0 | 87.5 | 0.0 | |||||||||
2 | Less than or equal to 1.5 to 1.0 but greater than 1.0 to 1.0 | 112.5 | 12.5 | |||||||||
3 | Less than or equal to 2.0 to 1.0 but greater than 1.5 to 1.0 | 137.5 | 37.5 | |||||||||
4 | Less than or equal to 2.5 to 1.0 but greater than 2.0 to 1.0 | 162.5 | 62.5 | |||||||||
5 | Less than or equal to 3.0 to 1.0 but greater than 2.5 to 1.0 | 175.0 | 75.0 | |||||||||
6 | Greater than 3.0 to 1.0 | 200.0 | 100.0 |
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
THE COMMITMENTS AND CREDIT EXTENSIONS
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
TAXES, YIELD PROTECTION AND ILLEGALITY
62
63
64
65
66
67
CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
68
69
70
REPRESENTATIONS AND WARRANTIES
71
72
73
74
75
76
77
AFFIRMATIVE COVENANTS
78
79
80
81
82
83
84
85
86
87
88
89
NEGATIVE COVENANTS
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
Period | Amount | |||
2006 | $ | 10,000,000 | ||
2007 | $ | 10,000,000 | ||
2008 | $ | 12,000,000 | ||
2009 | $ | 14,000,000 | ||
2010 | $ | 16,000,000 | ||
2011 | $ | 18,000,000 |
105
Period | Ratio | |||
December 31, 2006 through March 31, 2007 | 4.00 to 1.0 | |||
June 30, 2007 through December 31, 2007 | 3.75 to 1.0 | |||
March 31, 2008 through June 30, 2008 | 3.50 to 1.0 | |||
September 30, 2008 through December 31, 2008 | 3.25 to 1.0 | |||
March 31, 2009 and thereafter | 3.00 to 1.0 |
Fiscal Quarter Ended | Ratio | |||
December 31, 2006 through December 31, 2007 | 1.50 to 1.0 | |||
March 31, 2008 and for each June 30, September 30, December 31 and March 31 thereafter | 1.75 to 1.0 |
DEFAULTS
106
107
108
109
110
111
112
113
AGENCY PROVISIONS
114
115
116
117
118
MISCELLANEOUS
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
GLOBAL CASH ACCESS HOLDINGS, INC. | ||||
By: | ||||
Name: | Harry C. Hagerty | |||
Title: | Chief Financial Officer | |||
Global Cash Access Holdings, Inc. 3525 East Post Road, Suite 120 Las Vegas, NV 89120 Attn: Chief Executive Officer Telephone: (702) 855-3006 Fax: (702) 262-5039 |
GLOBAL CASH ACCESS, INC. | ||||
By: | ||||
Name: | Harry C. Hagerty | |||
Title: | Chief Financial Officer | |||
Global Cash Access, Inc. 3525 East Post Road, Suite 120 Las Vegas, NV 89120 Attn: Chief Executive Officer Telephone: (702) 855-3006 Fax: (702) 262-5039 |
Second Amended and Restated Credit Agreement
BANK OF AMERICA, N.A., as Administrative Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
Bank of America, N.A. TX1-492-14-11 901 Main Street, 14th Floor Dallas, TX 75202-3714 Attn: Donna F. Kimbrough Telephone: (214) 209-1569 Fax: (214) 290-9436 Email: donna.f.kimbrough@bankofamerica.com |
BANK OF AMERICA, N.A., as L/C Issuer, Swing Line Lender and a Lender | ||||
By: | ||||
Name: | ||||
Title: | ||||
Bank of America, N.A. TX1-492-64-01 901 Main Street, 64th Floor Dallas, TX 75202-3714 Attn: Justin Lien Telephone: (214) 209-3363 Fax: (214) 209-0905 Email: justin.lien@bankofamerica.com |
Second Amended and Restated Credit Agreement
WACHOVIA BANK, NATIONAL ASSOCIATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
Second Amended and Restated Credit Agreement
DEUTSCHE BANK TRUST COMPANY AMERICAS | ||||
By: | ||||
Name: | ||||
Title: | ||||
Second Amended and Restated Credit Agreement
JPMORGAN CHASE BANK, N.A. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Second Amended and Restated Credit Agreement
LEHMAN COMMERCIAL PAPER INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Second Amended and Restated Credit Agreement
CITIBANK, N.A. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Second Amended and Restated Credit Agreement
COMMERZBANK AG, NEW YORK AND GRAND CAYMAN BRANCHES | ||||
By: | ||||
Name: | ||||
Title: | ||||
By: | ||||
Name: | ||||
Title: | ||||
Second Amended and Restated Credit Agreement
UNION BANK OF CALIFORNIA, N.A. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Second Amended and Restated Credit Agreement
WELLS FARGO BANK, N.A. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Second Amended and Restated Credit Agreement
COMERICA WEST INCORPORATED | ||||
By: | ||||
Name: | ||||
Title: | ||||
Second Amended and Restated Credit Agreement
CAPITAL ONE, N.A. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Second Amended and Restated Credit Agreement
Applicable | ||||||||
Name | Commitment | Percentage | ||||||
Bank of America, N.A. | $ | 12,500,000 | 12.5 | % | ||||
Wachovia Bank, National Association | $ | 12,500,000 | 12.5 | % | ||||
Deutsche Bank Trust Company Americas | $ | 9,000,000 | 9.0 | % | ||||
JPMorgan Chase Bank, N.A. | $ | 9,000,000 | 9.0 | % | ||||
Lehman Commercial Paper Inc. | $ | 9,000,000 | 9.0 | % | ||||
Citibank, N.A. | $ | 9,000,000 | 9.0 | % | ||||
Commerzbank AG, New York and Grand Cayman Branches | $ | 9,000,000 | 9.0 | % | ||||
Union Bank of California, N.A. | $ | 9,000,000 | 9.0 | % | ||||
Wells Fargo Bank, N.A. | $ | 9,000,000 | 9.0 | % | ||||
Comerica West Incorporated | $ | 9,000,000 | 9.0 | % | ||||
Capital One, N.A. | $ | 3,000,000 | 3.0 | % | ||||
$ | 100,000,000 | 100 | % | |||||
Applicable | ||||||||
Name | Commitment | Percentage | ||||||
Bank of America, N.A. | $ | 12,500,000 | 12.5 | % | ||||
Wachovia Bank, National Association | $ | 12,500,000 | 12.5 | % | ||||
Deutsche Bank Trust Company Americas | $ | 9,000,000 | 9.0 | % | ||||
JPMorgan Chase Bank, N.A. | $ | 9,000,000 | 9.0 | % | ||||
Lehman Commercial Paper Inc. | $ | 9,000,000 | 9.0 | % | ||||
Citibank, N.A. | $ | 9,000,000 | 9.0 | % | ||||
Commerzbank AG, New York and Grand Cayman Branches | $ | 9,000,000 | 9.0 | % | ||||
Union Bank of California, N.A. | $ | 9,000,000 | 9.0 | % | ||||
Wells Fargo Bank, N.A. | $ | 9,000,000 | 9.0 | % | ||||
Comerica West Incorporated | $ | 9,000,000 | 9.0 | % | ||||
Capital One, N.A. | $ | 3,000,000 | 3.0 | % | ||||
$ | 100,000,000 | 100 | % | |||||
CERTAIN ADDRESSES FOR NOTICES
(for payments and Requests for Credit Extensions):
Jesse Phalen
Bank of America, N.A.
Mail Code: CA4-702-02-25
Building B
2001 Clayton Road, 2nd Floor
Concord, CA 94520-2405
Telephone: 925.675.8458
Fax: 888.969.9228
Email:jesse.c.phalen@bankofamerica.com
Donna Kimbrough
Bank of America, N.A.
Mail Code: TX1-492-14-11
901 Main Street, 14th Floor
Dallas, TX 75202-3714
Telephone: 214.209.1569
Fax: 214.290.9436
Email:donna.f.kimbrough@bankofamerica.com
Bank of America, N.A.
Mail Code: CA9-705-07-05
1000 West Temple Street, 7th Floor
Los Angeles, CA 90012-1514
Telephone: 213.580.8369
Fax: 213.580.8440
Email:sandra.leon@bankofamerica.com
Form of Committed Loan Notice
Bank of America, N.A.
Mail Code: CA4-702-02-25
Building B
2001 Clayton Road, 2nd Floor
Concord, CA 94520-2405
Telephone: 925.675.8458
Fax: 888.969.9228
Email:jesse.c.phalen@bankofamerica.com
Form of Committed Loan Notice
The undersigned hereby requests (select one): | ||||
¨ | A Borrowing of [Term A/Revolving Credit] Loans | |||
¨ | A conversion or continuation of [Term A/Revolving Credit] Loans | |||
1. | On (a Business Day). | |||
2. | In the amount of $ . | |||
3. | Comprised of . | |||
[Type of Loan Requested] | ||||
4. | For Eurodollar Rate Loans: with an Interest Period of months. |
GLOBAL CASH ACCESS, INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Form of Committed Loan Notice
To: | Bank of America, N.A., as Swing Line Lender Bank of America, N.A., as Administrative Agent |
The undersigned hereby requests a Swing Line Loan: | ||||
1. | On (a Business Day). | |||
2. | In the amount of $ . |
GLOBAL CASH ACCESS, INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Form of Swing Line Loan Notice
$ | November 1, 2006 |
Form of Revolving Credit Note
GLOBAL CASH ACCESS, INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Form of Revolving Credit Note
End of | Amount of Principal or Interest | Outstanding Principal | ||||||||||||||||||||||
Type of | Amount of | Interest | Paid This | Balance | Notation | |||||||||||||||||||
Date | Loan Made | Loan Made | Period | Date | This Date | Made By | ||||||||||||||||||
Form of Revolving Credit Note
$ | November 1, 2006 |
Form of Term A Note
GLOBAL CASH ACCESS, INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Form of Term A Note
Amount of | ||||||||||||
Principal or | Outstanding | |||||||||||
End of | Interest | Principal | ||||||||||
Type of | Amount of | Interest | Paid This | Balance | Notation | |||||||
Date | Loan Made | Loan Made | Period | Date | This Date | Made By | ||||||
Form of Term A Note
$ | November 1, 2006 |
Form of Swing Line Note
GLOBAL CASH ACCESS, INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Form of Swing Line Note
Amount of | ||||||||||||
Principal or | Outstanding | |||||||||||
End of | Interest | Principal | ||||||||||
Type of | Amount of | Interest | Paid This | Balance | Notation | |||||||
Date | Loan Made | Loan Made | Period | Date | This Date | Made By | ||||||
Form of Swing Line Note
1 | For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language. | |
2 | For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language. | |
3 | Select as appropriate. | |
4 | Include bracketed language if there are either multiple Assignors or multiple Assignees. |
Form of Assignment and Assumption
1. | Assignor[s]: | |||||
2. | Assignee[s]: | |||||
[for each Assignee, indicate [Affiliate][Approved Fund] of [identifyLender]] | ||||||
3. | Borrower(s): | Global Cash Access, Inc. | ||||
4. | Administrative Agent: Bank of America, N.A., as the administrative agent under the Credit Agreement | |||||
5. | Credit Agreement: Second Amended and Restated Credit Agreement, dated as of November 1, 2006 among Global Cash Access Holdings, Inc., a Delaware corporation (“Holdings”), Global Cash Access, Inc., a Delaware corporation (the “Borrower”), the banks and other financial institutions from time to time party thereto and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer. | |||||
6. | Assigned Interest[s]:5 |
Aggregate | Amount of | Percentage | ||||||||||||||||||||||
Amount of | Commitment/ | Assigned of | ||||||||||||||||||||||
Facility | Commitment/Loans | Loans | Commitment/ | CUSIP | ||||||||||||||||||||
Assignor[s]6 | Assignee[s]7 | Assigned | for all Lenders8 | Assigned | Loans9 | Number | ||||||||||||||||||
Revolving Credit | $ | $ | % | |||||||||||||||||||||
Term A | $ | $ | % | |||||||||||||||||||||
$ | $ | % | ||||||||||||||||||||||
[7. | Trade Date: ]10 |
5 | The reference to “Loans” in the table should be used only if the Credit Agreement provides for Term Loans. | |
6 | List each Assignor, as appropriate. | |
7 | List each Assignee, as appropriate. | |
8 | Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date. | |
9 | Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. | |
10 | To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date. |
Form of Assignment and Assumption
ASSIGNOR [NAME OF ASSIGNOR] | ||||
By: | ||||
Title: | ||||
ASSIGNEE [NAME OF ASSIGNEE] | ||||
By: | ||||
Title: | ||||
as Administrative Agent
Title:
as Swing Line Lender and L/C Issuer
Title:
Title:
Form of Assignment and Assumption
Form of Assignment and Assumption
Form of Assignment and Assumption
Form of Compliance Certificate
GLOBAL CASH ACCESS, INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
Form of Compliance Certificate
to the Compliance Certificate
($ in 000’s)
A. Consolidated Indebtedness at Financial Statement Date: | $ | |||
B. Consolidated EBITDA for four consecutive fiscal quarters ending on above date (“Reference Period”): | $ | |||
1. Consolidated Net Income per GAAP for Reference Period: | $ | |||
2. Unremitted income from Subsidiaries or other Persons in which persons other than Holdings or Wholly-Owned Subsidiary have ownership interests: | $ | |||
3. Income/Loss of acquired Subsidiaries prior to date of acquisition: | $ | |||
4. Income of Subsidiaries subject to dividend blocks or other restrictions: | $ | |||
5. Amount of Line B.1 attributable to extraordinary items of gain or loss and any gain or loss attributable to discontinued operations: | $ | |||
6. Consolidated Interest Expense for Reference Period: | $ | |||
7. Provision for income taxes for Reference Period: | $ | |||
8. Depreciation expense for Reference Period: | $ | |||
9. Amortization expense for Reference Period: | $ | |||
10. Goodwill impairment recognized during Reference Period: | $ | |||
11. Income from Unrestricted Subsidiaries to the extent received by the Borrower or a Wholly-Owned Restricted Subsidiary during Reference Period: | $ | |||
12. Consolidated Interest Income during Reference Period: | $ | |||
13. Non-Cash Income or Gain for Reference Period: | $ | |||
14. Consolidated EBITDA (Lines B.1 - B.2 - B.3 - B.4 - - B.5 + B.6 + B.7 + B.8 + B.9 + B.10 + B.11 - B.12 - B.13) | ||||
C. Total Leverage Ratio: Line A divided by Line B | $ | |||
Form of Compliance Certificate
Period | Ratio | |||
December 31, 2006 through March 31, 2007 | 4.00 to 1.0 | |||
June 30, 2007 through December 31, 2007 | 3.75 to 1.0 | |||
March 31, 2008 through June 30, 2008 | 3.50 to 1.0 | |||
September 30, 2008 through December 31, 2008 | 3.25 to 1.0 | |||
March 31, 2009 and thereafter | 3.00 to 1.0 |
A. Consolidated EBITDA for Reference Period (Line I.B.14 above): | $ | |||
B. Maintenance Capital Expenditures for Reference Period: | $ | |||
C. Borrower’s provisions for Federal, state, local and foreign income, value added and similar taxes for Reference Period: | $ | |||
D. Consolidated Interest Expense for Reference Period: | $ | |||
E. Consolidated Scheduled Debt Payments for Reference Period: | $ | |||
F. Fixed Charge Coverage Ratio: ((Lines A-B-C)divided by (Lines D+E)): |
Fiscal Quarter Ended | Ratio | |||
December 31, 2006 through December 31, 2007 | 1.50 to 1.0 | |||
March 31, 2008 and for each June 30, September 30, December 31 and March 31 thereafter | 1.75 to 1.0 |
A. Allowed Consolidated Capital Expenditures for current fiscal year (from Table Below): | $ | |||
B. Consolidated Capital Expenditures made during fiscal year to date: | $ | |||
C. Excess (deficit) for covenant compliance (Line A-B): | $ | |||
Form of Compliance Certificate
Period | Amount | |||
11/1/2006 - 12/31/2006 | $ | 10,000,000 | ||
2007 | $ | 10,000,000 | ||
2008 | $ | 12,000,000 | ||
2009 | $ | 14,000,000 | ||
2010 | $ | 16,000,000 | ||
2011 | $ | 18,000,000 |
Form of Compliance Certificate
Form of Opinion
as Administrative Agent
Form of Guaranty
Form of Guaranty
GUARANTY
Form of Guaranty
Form of Guaranty
Form of Guaranty
Form of Guaranty
Form of Guaranty
Form of Guaranty
Form of Guaranty
Form of Guaranty
Form of Guaranty
Form of Guaranty
INDEMNIFICATION, SUBROGATION AND CONTRIBUTION
REPRESENTATIONS, WARRANTIES AND COVENANTS
Form of Guaranty
Form of Guaranty
SET-OFF
MISCELLANEOUS
Form of Guaranty
Form of Guaranty
Form of Guaranty
Form of Guaranty
Form of Guaranty
GUARANTORS: | GLOBAL CASH ACCESS HOLDINGS, INC. | |||
By: | ||||
Name: | ||||
Title: | ||||
Global Cash Access Holdings, Inc. 3525 East Post Road, Suite 120 Las Vegas, NV 89120 Attn: Chief Executive Officer Telephone: (702) 855-3006 Fax: (702) 262-5039 |
CENTRAL CREDIT, LLC | ||||
By: | ||||
Name: | ||||
Title: | ||||
Central Credit, LLC 3525 East Post Road, Suite 120 Las Vegas, NV 89120 Attn: Chief Executive Officer Telephone: (702) 855-3006 Fax: (702) 262-5039 |
Name:
Title
Form of Guaranty
Name:
Title:
TX1-492-14-11
901 Main Street, 14th Floor
Dallas, TX 75202-3714
Attn: Donna F. Kimbrough
Te1ephone: (214) 209-1569
Fax: (214) 290-9436
Form of Guaranty
(A) | The exact corporate name of the Company as it appears in its certificate of incorporation is . | ||
(B) | Since its organization, the Company has had no other corporate, limited liability company or partnership name. | ||
(C) | Neither the Company nor any of its divisions, sectors or other business units has used any other names (including trade names or similar appellations) at any time during the past five years. | ||
(D) | The Company has not changed its identity or corporate, limited liability company or partnership structure in any way within the past five years. |
(A) | The Company’s jurisdiction of organization and organization number are and respectively. | ||
(B) | The Company has no other place of business. | ||
(C) | The Company has not maintained any other chief executive office or location or place(s) of business at any time during the past five years. |
(A) | None of the Company’s Equipment, Inventory, Instruments, securities certificates (as defined in the UCC), Documents, books and records relating to Accounts or other tangible Collateral are in the possession of any Person other than the Company. |
Form of Perfection Certificate
(B) | None of the Company’s Equipment, Inventory, Instruments, securities certificates (as defined in the UCC), Documents, books and records relating to Accounts or other tangible Collateral has been lodged at any other location or with any other bailee at any time during the past four months. | ||
(C) | None of the Company’s Collateral is or has at any time been covered by a certificate of title. | ||
(D) | The Company has no interests in unextracted minerals or the like (including oil and gas), assets consisting of timber to be cut or equipment used in farming operations, farm products, grain or crops growing or to be grown. | ||
(E) | The Company holds no securities. | ||
(F) | The Company holds no partnership interests, limited liability company membership interests or other equity interests not constituting securities (as defined in the UCC). | ||
(G) | The Company maintains no Securities Accounts. | ||
(H) | ListedSchedule III.I. hereto, is the bank or other financial institution and account number of each Deposit Account or other bank account maintained by the Company, together with a description of the purpose for which each such account is used. | ||
(I) | The Company has no Inventory consigned to third parties. | ||
(J) | The approximate dollar value of all tangible Collateral located in the following States is: | ||
Alabama: $0 Tennessee: $0 | |||
(K) | The Company has no Inventory located outside of the United States of America. | ||
(L) | There are no commercial tort claims in favor of the Company. |
Form of Perfection Certificate
Name: | ||
Title: |
Form of Perfection Certificate
[City of Closing) [Date] |
Form of Intercompany Note
[SUBSIDIARY A NAME] | ||||
By: | ||||
Name: | ||||
Title: | ||||
[SUBSIDIARY B NAME] | ||||
By: | ||||
Name: | ||||
Title: | ||||
[SUBSIDIARY C NAME] | ||||
By: | ||||
Name: | ||||
Title: | ||||
By: | ||||
Name: | ||||
Title: |
Form of Intercompany Note
Form of Intercompany Note Subordination Provisions
GLOBAL CASH ACCESS, INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
[NEW LOAN PARTY NAME] | ||||
By: | ||||
Name: | ||||
Title: | ||||
BANK OF AMERICA, N.A, as Administrative Agent and Collateral Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
[New Loan Party Name] | ||||
By: | ||||
Name: | ||||
Title: | ||||
[New Loan Party Name] | ||||
By: | ||||
Name: | ||||
Title: | ||||
[New Loan Party Name] | ||||
By: | ||||
Name: | ||||
Title: | ||||