dated as of
the Guarantors party hereto,
the Lenders party hereto, and
as Co-Lead Arranger and Administrative Agent
as Co-Lead Arranger and Syndication Agent
as Documentation Agent
Page | ||||
ARTICLE I Definitions | 1 | |||
SECTION 1.01 Defined Terms | 1 | |||
SECTION 1.02 Classification of Loans and Borrowings | 20 | |||
SECTION 1.03 Terms Generally | 20 | |||
SECTION 1.04 Accounting Terms; GAAP | 21 | |||
ARTICLE II The Credits | 21 | |||
SECTION 2.01 Commitments | 21 | |||
SECTION 2.02 Loans and Borrowings | 21 | |||
SECTION 2.03 Requests for Borrowings | 22 | |||
SECTION 2.04 Swingline Loans | 23 | |||
SECTION 2.05 Letters of Credit | 24 | |||
SECTION 2.06 Funding of Borrowings | 28 | |||
SECTION 2.07 Interest Elections | 28 | |||
SECTION 2.08 Termination and Reduction of Commitments | 30 | |||
SECTION 2.09 Repayment of Loans; Evidence of Debt | 30 | |||
SECTION 2.10 Prepayment of Loans | 31 | |||
SECTION 2.11 Fees | 31 | |||
SECTION 2.12 Interest | 32 | |||
SECTION 2.13 Alternate Rate of Interest | 33 | |||
SECTION 2.14 Increased Costs | 33 | |||
SECTION 2.15 Break Funding Payments | 35 | |||
SECTION 2.16 Taxes | 35 | |||
SECTION 2.17 Payments Generally; Pro Rata Treatment; Sharing of Set-offs | 37 | |||
SECTION 2.18 Mitigation Obligations; Replacement of Lenders | 39 | |||
SECTION 2.19 Increase of Commitments | 40 | |||
SECTION 2.20 Extension Option | 41 | |||
ARTICLE III Representations and Warranties | 43 | |||
SECTION 3.01 Organization | 43 | |||
SECTION 3.02 Authority Relative to this Agreement | 43 | |||
SECTION 3.03 No Violation | 44 | |||
SECTION 3.04 Financial Statements | 44 | |||
SECTION 3.05 No Undisclosed Liabilities | 45 | |||
SECTION 3.06 Litigation | 45 | |||
SECTION 3.07 Compliance with Law | 45 | |||
SECTION 3.08 [Intentionally left blank] | 45 | |||
SECTION 3.09 Properties | 45 | |||
SECTION 3.10 Intellectual Property | 46 | |||
SECTION 3.11 Taxes | 46 | |||
SECTION 3.12 Environmental Compliance | 46 | |||
SECTION 3.13 Labor Matters | 47 | |||
SECTION 3.14 Investment Company Status | 47 | |||
SECTION 3.15 Solvency | 47 |
i
Page | ||||
SECTION 3.16 ERISA | 47 | |||
SECTION 3.17 Subsidiaries | 47 | |||
SECTION 3.18 Disclosure | 48 | |||
ARTICLE IV Conditions Precedent | 48 | |||
SECTION 4.01 Effective Date | 48 | |||
SECTION 4.02 Each Credit Event | 49 | |||
ARTICLE V Affirmative Covenants | 50 | |||
SECTION 5.01 Financial Statements; Ratings Change and Other Information | 50 | |||
SECTION 5.02 Notices of Material Events | 52 | |||
SECTION 5.03 Existence; Conduct of Business | 52 | |||
SECTION 5.04 Payment of Obligations | 53 | |||
SECTION 5.05 Maintenance of Properties; Insurance | 53 | |||
SECTION 5.06 Books and Records; Inspection Rights | 53 | |||
SECTION 5.07 Compliance with Laws | 53 | |||
SECTION 5.08 Use of Proceeds and Letters of Credit | 53 | |||
SECTION 5.09 Additional Guarantees | 54 | |||
SECTION 5.10 Compliance with ERISA | 54 | |||
SECTION 5.11 Compliance With Agreements | 54 | |||
SECTION 5.12 Compliance with Environmental Laws; Environmental Reports | 54 | |||
ARTICLE VI Negative Covenants | 55 | |||
SECTION 6.01 Indebtedness | 55 | |||
SECTION 6.02 Liens | 56 | |||
SECTION 6.03 Fundamental Changes | 56 | |||
SECTION 6.04 Asset Sales | 57 | |||
SECTION 6.05 Investments | 57 | |||
SECTION 6.06 Swap Agreements | 58 | |||
SECTION 6.07 Restricted Payments | 58 | |||
SECTION 6.08 Transactions with Affiliates | 58 | |||
SECTION 6.09 Restrictive Agreements | 59 | |||
SECTION 6.10 Business Acquisitions | 59 | |||
SECTION 6.11 [Intentionally left blank] | 59 | |||
SECTION 6.12 Nature of Business | 60 | |||
SECTION 6.13 Sales and Leasebacks | 60 | |||
SECTION 6.14 [Intentionally left blank] | 60 | |||
SECTION 6.15 Minimum Interest Coverage Ratio | 60 | |||
SECTION 6.16 Maximum Consolidated Leverage Ratio | 60 | |||
SECTION 6.17 Limitation on Factoring Programs | 60 | |||
ARTICLE VII Events of Default and Remedies | 61 | |||
SECTION 7.01 Events of Default | 61 | |||
ARTICLE VIII The Administrative Agent | 63 |
ii
Page | ||||
ARTICLE IX Subsidiary Guarantee | 65 | |||
SECTION 9.01 The Guarantee | 65 | |||
SECTION 9.02 Guaranty Unconditional | 66 | |||
SECTION 9.03 Discharge Only upon Payment in Full; Reinstatement In Certain Circumstances | 66 | |||
SECTION 9.04 Waiver by Each Guarantor | 67 | |||
SECTION 9.05 Subrogation | 67 | |||
SECTION 9.06 Stay of Acceleration | 67 | |||
SECTION 9.07 Limit of Liability | 67 | |||
SECTION 9.08 Release upon Sale | 67 | |||
SECTION 9.09 Benefit to Guarantor | 68 | |||
ARTICLE X Miscellaneous | 68 | |||
SECTION 10.01 Notices | 68 | |||
SECTION 10.02 Waivers; Amendments | 69 | |||
SECTION 10.03 Expenses; Indemnity; Damage Waiver | 70 | |||
SECTION 10.04 Successors and Assigns | 71 | |||
SECTION 10.05 Survival | 74 | |||
SECTION 10.06 Counterparts; Integration; Effectiveness | 75 | |||
SECTION 10.07 Severability | 75 | |||
SECTION 10.08 Right of Setoff | 75 | |||
SECTION 10.09 Governing Law; Jurisdiction; Consent to Service of Process | 75 | |||
SECTION 10.10 WAIVER OF JURY TRIAL | 76 | |||
SECTION 10.11 Headings | 76 | |||
SECTION 10.12 Confidentiality | 76 | |||
SECTION 10.13 Interest Rate Limitation | 77 | |||
SECTION 10.14 USA Patriot Act | 78 | |||
SECTION 10.15 FINAL AGREEMENT OF THE PARTIES | 78 |
iii
Schedule 1.01(B) – Existing Liens
Schedule 2.05 – Existing Letters of Credit
Schedule 3.03 – No Violations
Schedule 3.05 – No Undisclosed Liabilities
Schedule 3.06 – Litigation
Schedule 3.07 – Compliance with Law
Schedule 3.10 – Claims Against Intellectual Property
Schedule 3.12 – Environmental Compliance
Schedule 3.17 – Subsidiaries
Schedule 6.01 – Existing Indebtedness
Schedule 6.05 – Existing Investments
Schedule 6.08 – Transactions with Affiliates
Schedule 6.09 – Restrictive Agreements
Exhibit A | – | Form of Assignment and Assumption | ||
Exhibit B | – | Form of Commitment Increase Agreement | ||
Exhibit C | – | Form of Joinder Agreement | ||
Exhibit D | – | Form of New Lender Agreement | ||
Exhibit E | – | Form of Revolving Note | ||
Exhibit F | – | Form of Compliance Certificate |
iv
1
Qualified Rating | Consolidated | Eurodollar | Commitment | |||||||||||||||||
(Moody’s/S&P/Fitch) | Leverage Ratio | Loans | ABR Loans | Fee Rate | ||||||||||||||||
Category 1 | > Baa2/ BBB /BBB | < 1.00x | 0.575 | % | 0.0 | % | 0.125 | % | ||||||||||||
Category 2 | Baa3/ BBB- /BBB- | > 1.00x and <1.50x | 0.700 | % | 0.0 | % | 0.150 | % | ||||||||||||
Category 3 | Ba1/ BB+ /BB+ | > 1.50x and < 2.50x | 0.875 | % | 0.0 | % | 0.175 | % | ||||||||||||
Category 4 | Ba2/ BB /BB | > 2.50x and < 3.00x | 1.000 | % | 0.0 | % | 0.200 | % | ||||||||||||
Category 5 | < Ba3/ BB- /BB- | > 3.00x | 1.150 | % | 0.0 | % | 0.250 | % |
2
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4
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(i) | if to the Borrower, to: | ||
Quanex Building Products Corporation 1900 West Loop South, Suite 1500 Houston, Texas 77027 Attention: Vice President - Treasurer Telecopy No.: (713) 993-0591 Telephone No.: (713) 877-5342 | |||
(ii) | if to a Guarantor, to it in care of the Borrower; | ||
(iii) | if to the Administrative Agent or Swingline Lender (for borrowing requests ONLY), to | ||
Wells Fargo Bank, National Association 1700 Lincoln Denver, Colorado 80203 Attention: Kacey Maupin Telecopy No.: (303) 863-5533 Telephone No.: (303) 863-5460 | |||
(iv) | if to the Administrative Agent, Issuing Lender or Swingline Lender (for other than borrowing requests), to | ||
Wells Fargo Bank, National Association 1000 Louisiana, 3rd Floor Houston, Texas 77002 Attention: Warren R. Ross Telecopy No.: (713) 739-1082 Telephone No.: (713) 319-1358 |
68
(v) | if to any other Lender, to it at its address (or telecopy number) set forth in its Administrative Questionnaire;provided,however, that any financial statements, other information or notice required to be delivered by the Borrower to a Lender may be furnished or delivered by the Borrower to the address for such Lender as furnished to the Borrower by the Administrative Agent. |
69
70
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72
73
74
75
76
77
78
BORROWER: QUANEX BUILDING PRODUCTS CORPORATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
GUARANTORS: NICHOLS ALUMINUM LLC, NICHOLS ALUMINUM-ALABAMA LLC, QUANEX HOMESHIELD LLC, COLONIAL CRAFT LLC, IMPERIAL PRODUCTS LLC, and VL INVESTORS I, LLC, each a Delaware limited liability company | ||||
By: | ||||
Name: | ||||
Title: | ||||
GUARANTORS (continued): BESTEN EQUIPMENT, INC. and TRUSEAL TECHNOLOGIES, Inc., each a Delaware corporation | ||||
By: | ||||
Name: | ||||
Title: | ||||
among Quanex Building Products Corporation, as Borrower, the Guarantors and Lenders party
thereto, and Wells Fargo Bank, National Association, as Administrative Agent]
GUARANTORS (continued): MIKRON INDUSTRIES, INC., a Washington corporation | ||||
By: | ||||
Name: | ||||
Title: | ||||
MIKRON WASHINGTON LLC, a Washington limited liability company | ||||
By: | ||||
Name: | ||||
Title: | ||||
among Quanex Building Products Corporation, as Borrower, the Guarantors and Lenders party
thereto, and Wells Fargo Bank, National Association, as Administrative Agent]
ADMINISTRATIVE AGENT: WELLS FARGO BANK, NATIONAL ASSOCIATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
among Quanex Building Products Corporation, as Borrower, the Guarantors and Lenders party
thereto, and Wells Fargo Bank, National Association, as Administrative Agent]
LENDERS: WELLS FARGO BANK, NATIONAL ASSOCIATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
among Quanex Building Products Corporation, as Borrower, the Guarantors and Lenders party
thereto, and Wells Fargo Bank, National Association, as Administrative Agent]
LENDERS (continued): BANK OF AMERICA, N.A. | ||||
By: | ||||
Name: | ||||
Title: | ||||
among Quanex Building Products Corporation, as Borrower, the Guarantors and Lenders party
thereto, and Wells Fargo Bank, National Association, as Administrative Agent]
LENDERS (continued): SUNTRUST BANK | ||||
By: | ||||
Name: | ||||
Title: | ||||
among Quanex Building Products Corporation, as Borrower, the Guarantors and Lenders party
thereto, and Wells Fargo Bank, National Association, as Administrative Agent]
LENDERS (continued): BMO CAPITAL MARKETS FINANCING, INC. | ||||
By: | ||||
Name: | ||||
Title: | ||||
among Quanex Building Products Corporation, as Borrower, the Guarantors and Lenders party
thereto, and Wells Fargo Bank, National Association, as Administrative Agent]
LENDERS (continued): US BANK NATIONAL ASSOCIATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
among Quanex Building Products Corporation, as Borrower, the Guarantors and Lenders party
thereto, and Wells Fargo Bank, National Association, as Administrative Agent]
LENDERS (continued): PNC BANK, NATIONAL ASSOCIATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
among Quanex Building Products Corporation, as Borrower, the Guarantors and Lenders party
thereto, and Wells Fargo Bank, National Association, as Administrative Agent]
LENDERS (continued): THE NORTHERN TRUST COMPANY | ||||
By: | ||||
Name: | ||||
Title: | ||||
among Quanex Building Products Corporation, as Borrower, the Guarantors and Lenders party
thereto, and Wells Fargo Bank, National Association, as Administrative Agent]
LENDERS (continued): UNION BANK OF CALIFORNIA, N.A. | ||||
By: | ||||
Name: | ||||
Title: | ||||
among Quanex Building Products Corporation, as Borrower, the Guarantors and Lenders party
thereto, and Wells Fargo Bank, National Association, as Administrative Agent]
LENDERS (continued): CHANG HWA COMMERCIAL BANK, LTD.- NEW YORK BRANCH | ||||
By: | ||||
Name: | ||||
Title: | ||||
among Quanex Building Products Corporation, as Borrower, the Guarantors and Lenders party
thereto, and Wells Fargo Bank, National Association, as Administrative Agent]
The Commitments
Commitment | ||||
Name of Bank | Amount | |||
Wells Fargo Bank, National Association | $ | 60,000,000 | ||
Bank of America, N.A. | $ | 60,000,000 | ||
SunTrust Bank | $ | 35,000,000 | ||
BMO Capital Markets Financing, Inc. | $ | 30,000,000 | ||
US Bank National Association | $ | 25,000,000 | ||
PNC Bank, National Association | $ | 25,000,000 | ||
The Northern Trust Company | $ | 15,000,000 | ||
Union Bank of California, N.A. | $ | 15,000,000 | ||
Chang Hwa Commercial Bank, Ltd. — New York Branch | $ | 5,000,000 | ||
Total | $ | 270,000,000 |
Schedule 1.01(A), Page 1
Existing Liens
Jurisdiction | ||||||||||
and Filing | Financing Statement | |||||||||
Office of Lien | File Number | |||||||||
Entity | Search | and Filing Date | Secured Party | Collateral | ||||||
1. | Quanex Corporation | Delaware Secretary of State | 31985954 filed on 07/31/03 | Cupertino National Bank c/o Greater Bay Capital | Forklift | |||||
43681618 filed on 12/30/04 | NMHG Financial Services Inc. | Leased equipment | ||||||||
50414004 filed on 02/07/05 | Air Liquide Industrial U S LP | Generator | ||||||||
50804477 filed on 03/14/05 | Caterpillar Financial Services Corporation | Caterpillar Model 950GII Wheel Loader | ||||||||
52616887 filed on 08/23/05 | FCC Equipment Financing, Inc. | Lift Truck | ||||||||
61531276 filed on 05/05/06 | Tennessee Commerce Bank | Leased equipment | ||||||||
62143196 filed on 06/22/06 | FCC Equipment Financing, Inc. | Industrial lift truck | ||||||||
62367670 filed on 07/10/06 | FCC Equipment Financing, Inc. | Industrial lift truck | ||||||||
63134608 filed on 09/11/06 | U.S. Bancorp | Leased equipment | ||||||||
63134681 filed on 09/11/06 | U.S. Bancorp | Leased equipment | ||||||||
63134715 filed on 09/11/06 | U.S. Bancorp | Leased equipment | ||||||||
63436508 filed on 10/04/06 | NMHG Financial Services Inc. | Leased Equipment |
Schedule 1.01(B), Page 1
Jurisdiction | ||||||||||
and Filing | Financing Statement | |||||||||
Office of Lien | File Number | |||||||||
Entity | Search | and Filing Date | Secured Party | Collateral | ||||||
63631926 filed on 10/19/2006 | U.S. Bancorp | Leased Digital Copier | ||||||||
63711371 filed 10/25/2006 | U.S. Bancorp | Leased Copier | ||||||||
73191813 filed 08/21/2007 | U.S. Bancorp | Leased Equipment | ||||||||
74407317 filed 11/19/2007 | U.S. Bancorp | Leased Equipment | ||||||||
74407325 filed 11/19/2007 | U.S. Bancorp | Leased Equipment | ||||||||
74407333 filed 11/19/2007 | U.S. Bancorp | Leased Equipment | ||||||||
74407358 filed 11/19/2007 | U.S. Bancorp | Leased Equipment | ||||||||
74407366 filed 11/19/2007 | U.S. Bancorp | Leased Equipment | ||||||||
74407374 filed 11/19/2007 | U.S. Bancorp | Leased Equipment | ||||||||
81198223 filed 04/04/2008 | U.S. Bancorp | Leased Equipment | ||||||||
2. | TruSeal Technologies, Inc. | Delaware Secretary of State | 62970788 filed on 08/25/06 | Toyota Motor Credit Corporation | Leased forklift | |||||
3. | Colonial Craft LLC, f/k/a Colonial Craft, Inc. | Delware Secretary of State | Clear | |||||||
4. | Besten Equipment, Inc. | Delaware Secretary of State | Clear | |||||||
5. | Imperial Products LLC, f/k/a Imperial Products, Inc. | Delaware Secretary of State | Clear |
Schedule 1.01(B), Page 2
Jurisdiction | ||||||||||
and Filing | Financing Statement | |||||||||
Office of Lien | File Number | |||||||||
Entity | Search | and Filing Date | Secured Party | Collateral | ||||||
6. | Nichols Aluminum - Alabama LLC, f/k/a Nichols Aluminum - Alabama, Inc. | Delaware Secretary of State | 31760696 filed on 07/11/03 | Thompson Tractor Co., Inc. | Caterpillar GC70K | |||||
31975095 filed on 07/31/03 | Thompson Tractor Co., Inc. | Caterpillar GC70K | ||||||||
41948332 filed on 07/12/04 | Noble Americas, Inc. | Consigned inventory | ||||||||
7. | Nichols Aluminum LLC, f/k/a Nichols Aluminum, Inc. | Delaware Secretary of State | 74494356 filed on 11/28/2007 | JB Commodities (Overseas) Ltd. | Aluminum on Consignment | |||||
74813894 filed on 12/20/2007 | JB Commodities (Overseas) Ltd. | Aluminum on Consignment | ||||||||
8. | Quanex Homeshield LLC, f/k/a Quanex Homeshield, Inc. | Delaware Secretary of State | Clear | |||||||
9. | VL Investors I, LLC | Delaware Secretary of State | Clear | |||||||
10. | Mikron Industries, Inc. | Washington Secretary of State | 200320530427 filed on 07/24/03 | Toyota Motor Credit Corporation | Toyota Cascade Sideshifters | |||||
200408633446 filed on 03/26/04 | CIT Technology Financing Services, Inc. | Leased copiers | ||||||||
200427873861 filed on 09/20/04 | Toyota Motor Credit Corporation | Leased Cascade Sideshifter | ||||||||
200432921359 filed on 11/24/04 | Ricoh Customer Finance Corp. | Leased copiers |
Schedule 1.01(B), Page 3
Jurisdiction | ||||||||||
and Filing | Financing Statement | |||||||||
Office of Lien | File Number | |||||||||
Entity | Search | and Filing Date | Secured Party | Collateral | ||||||
200436617081 filed on 12/31/04 | Ricoh Customer Finance Corp. | Leased printers | ||||||||
200508343689 filed on 03/24/05 | NMHG Financial Services, Inc. | Leased equipment | ||||||||
200524186277 filed on 08/29/05 | Toyota Motor Credit Corporation | Forklift | ||||||||
200524189025 filed on 08/29/05 | Toyota Motor Credit Corporation | Forklift | ||||||||
200527888390 filed on 10/05/05 | Toyota Motor Credit Corporation | Leased forklifts | ||||||||
200530152815 filed on 10/28/05 | Toyota Motor Credit Corporation | Toyota Model 7FGU32 Backup Alarms | ||||||||
200603925568 filed on 02/08/06 | Toyota Motor Credit Corporation | Leased forklift | ||||||||
200619370567 filed on 07/12/06 | Marlin Leasing Corp. | Leased equipment | ||||||||
200621219106 filed on 07/31/06 | Toyota Motor Credit Corporation | Leased forklift | ||||||||
200707275651 filed on 03/13/07 | NMHG Financial Services, Inc. | Leased equipment | ||||||||
200708612721 filed on 03/26/07 | Alliance Bank | Sideloaders |
Schedule 1.01(B), Page 4
Jurisdiction | ||||||||||
and Filing | Financing Statement | |||||||||
Office of Lien | File Number | |||||||||
Entity | Search | and Filing Date | Secured Party | Collateral | ||||||
200714394390 filed on 05/23/07 | Toyota Motor Credit Corporation | Leased equipment | ||||||||
200714394406 filed on 05/23/07 | Toyota Motor Credit Corporation | Leased equipment | ||||||||
200722638639 filed on 08/14/07 | Toyota Motor Credit Corporation | Leased forklifts | ||||||||
200722638646 filed on 07/31/06 | Toyota Motor Credit Corporation | Leased forklifts | ||||||||
200805911529 filed on 02/28/08 | Industrial Air Centers, Inc. | Equipment financing | ||||||||
15. | Mikron Washington LLC | Washington Secretary of State | Clear |
Schedule 1.01(B), Page 5
Existing Letters of Credit
BANK/GUARANTOR | NUMBER | BENEFICIARY | AMOUNT ($) | |||
US Bank | SLCW123871 | US Bank, Milwaukee | 1,420,712.33 | |||
Bank of America | 193363 | US Bank, National Association | 1,268,493.15 | |||
Wells Fargo | NZS589399 | State of Washington, Dept. of Labor and Industries | 1,153,000.00 |
Schedule 2.05, Page 1
Violation of Agreements or Governmental Approvals
Schedule 3.03, Page 1
Undisclosed Liabilities
Schedule 3.05, Page 1
Litigation
Schedule 3.06, Page 1
Compliance with Law
Schedule 3.07, Page 1
Claims Against Intellectual Property
Schedule 3.10, Page 1
Environmental Compliance
Schedule 3.12, Page 1
Subsidiaries
JURISDICTION OF | ||||||
INCORPORATION | EQUITY INTERESTS | OWNER(S) OF EQUITY | ||||
NAME | OR FORMATION | OUTSTANDING | INTERESTS | |||
GUARANTORS: | ||||||
Nichols Aluminum LLC | Delaware | 1,000 | QBPC: 100% | |||
Nichols Aluminum Alabama | Delaware | 1,000 | Nichols Aluminum LLC: 100% | |||
LLC | ||||||
Quanex Homeshield LLC | Delaware | 1,000 | QBPC: 100% | |||
Colonial Craft LLC | Delaware | 1,000 | Quanex Homeshield LLC.: 100% | |||
Imperial Products LLC | Delaware | 100 | Quanex Homeshield LLC: 100% | |||
Besten Equipment, Inc. | Delaware | 1,000 | QBPC: 100% | |||
Mikron Industries, Inc. | Washington | 1,000 | QBPC: 100% | |||
Mikron Washington LLC | Washington (LLC) | 10 Membership Uni | ts Mikron Industries, Inc.: 100% | |||
VL Investors I, LLC | Delaware (LLC) | 233,520 Class A | Mikron Industries, Inc.: 100% | |||
Membership Units | ||||||
46,480 Class B | ||||||
Membership Units | ||||||
Truseal Technologies, Inc. | Delaware | 79,650 | QBPC: 100% | |||
NON GUARANTORS: | ||||||
Truseal Technologies | Hong Kong | 1,000 | Truseal Technologies, Inc.: 100% | |||
(Hong Kong) Limited | ||||||
Truseal Technologies, Ltd. | New Brunswick, | 100 | Truseal Technologies, Inc.: 100% | |||
Canada | ||||||
Quanex Foundation (Texas | Texas | N/A | QBPC: 100% | |||
Non Profit company) |
Schedule 3.17, Page 1
Existing Indebtedness
1. | $1,250,000 City of Richmond, Kentucky Industrial Building Revenue Bonds. | ||
2. | $1,400,000 Scott County, Iowa Industrial Waste Recycling Revenue Bonds. | ||
3. | $100,809 Nichols Aluminum Alabama capital lease obligation | ||
4. | The Existing Letters of Credit listed in Schedule 2.05. |
Schedule 6.01, Page 1
Existing Investments
1. | Mikron Industries, Inc. holds a 49% interest in VinylLink, LLC, a Delaware limited liability company. |
Schedule 6.05, Page 1
Transactions with Affiliates
Schedule 6.08, Page 1
Restrictive Agreements
Schedule 6.09, Page 1
1. Assignor: | ||
2. Assignee: | ||
[and is an Affiliate/Approved Fund of [identify Lender]1] | ||
3. Borrower: | Quanex Building Products Corporation | |
4. Administrative Agent: | Wells Fargo Bank, National Association as the administrative agent under the Credit Agreement | |
5. Credit Agreement: | Credit Agreement dated as of [ ], 2008, among the Borrower, Wells Fargo Bank, National Association as Administrative Agent, the Guarantors party thereto and the Lenders party thereto, as amended, restated, supplemented or otherwise modified from time to time. |
1 | Select as applicable. |
Exhibit A-1
Aggregate Amount of | Amount of | |||
Commitment/Loans for all | Commitment/Loans | Percentage Assigned of | ||
Lenders | Assigned | Commitment/Loans2 | ||
$ | $ | % | ||
$ | $ | % | ||
$ | $ | % |
2 | Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. |
Exhibit A-2
ASSIGNOR [Name of Assignor] | ||||
By: | ||||
Name: | ||||
Title: | ||||
ASSIGNEE [Name of Assignee] | ||||
By: | ||||
Name: | ||||
Title: | ||||
Administrative Agent, Swingline Lender
and Issuing Lender
By: | ||||
Name: | ||||
Title: | ||||
By: | ||||
Name: | ||||
Title: | ||||
3 | Add only if the consents of the Administrative Agent, the Swingline Lender and the Issuing Lender are required by Section 10.04 of the Credit Agreement. | |
4 | Add only if the consent of the Borrower is required by Section 10.04 of the Credit Agreement. |
Exhibit A-3
ASSIGNMENT AND ASSUMPTION
Exhibit A-4
Exhibit A-5
Exhibit B-1
(a) | The execution, delivery and performance by the Borrower of this Agreement are within the Borrower’s corporate powers, have been duly authorized by all necessary corporation action and do not (i) violate the Borrower’s certificate of incorporation or by-laws or (ii) result in a breach of, or default under any indenture, loan agreement or other similar agreement or instrument binding on the Borrower. | ||
(b) | No authorization, consent or approval any governmental body or agency is required for the valid execution, delivery and performance by the Borrower of this Agreement. | ||
(c) | This Agreement constitutes a valid and binding agreement of the Borrower enforceable against the Borrower in accordance with its terms, subject to applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and equitable principles of general applicability. | ||
(d) | No event has occurred and is continuing that constitutes an Event of Default. |
Exhibit B-2
BORROWER: QUANEX BUILDING PRODUCTS CORPORATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
ADMINISTRATIVE AGENT: WELLS FARGO BANK, NATIONAL ASSOCIATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
INCREASING LENDER: [NAME OF INCREASING LENDER] | ||||
By: | ||||
Name: | ||||
Title: | ||||
Exhibit B-3
Exhibit C-1
Exhibit C-2
BORROWER: QUANEX BUILDING PRODUCTS CORPORATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
NEW SUBSIDIARY: [NAME OF NEW SUBSIDIARY] | ||||
By: | ||||
Name: | ||||
Title: | ||||
as Administrative Agent for the Lenders
By: | ||||
Name: | ||||
Title: | ||||
Exhibit C-3
5 | Must be at least $10,000,000. |
Exhibit D-1
Exhibit D-2
Exhibit D-3
BORROWER: QUANEX BUILDING PRODUCTS CORPORATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
ADMINISTRATIVE AGENT: WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
NEW LENDER: [NAME OF NEW LENDER] | ||||
By: | ||||
Name: | ||||
Title: | ||||
Exhibit D-4
Exhibit E-1
QUANEX BUILDING PRODUCTS CORPORATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
Exhibit E-2
Exhibit F-1
(1 | ) | Consolidated EBITDA for the four consecutive fiscal quarters ended as of the above date | $ | |||||
(2 | ) | Consolidated Interest Expense for the four consecutive fiscal quarters ended as of the above date | $ | |||||
(3 | ) | Ratio of Consolidated EBITDA to Consolidated Interest Expense (line 1 divided by line 2) | ||||||
(4 | ) | Test (minimum) | 3.00 to 1.00 |
(1 | ) | Consolidated Indebtedness as of the above date | $ | |||||
(2 | ) | Consolidated EBITDA for the four consecutive fiscal quarters ended as of the above date | $ | |||||
(3 | ) | Ratio of Consolidated Indebtedness to Consolidated EBITDA (line 1 divided by line 2) | ||||||
(4 | ) | Test (maximum) | 3.25 to 1.00 |
QUANEX BUILDING PRODUCTS CORPORATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
Exhibit F-2