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Exhibit 10.28
FOURTH AMENDMENT TO AMENDED AND RESTATED
RECEIVABLES PURCHASE AGREEMENT
THIS FOURTH AMENDMENT TO AMENDED AND RESTATED RECEIVABLES PURCHASE
AGREEMENT, dated as of September 30, 2001 (this "AMENDMENT") is entered into
among AMPHENOL FUNDING CORP., a Delaware corporation (the "SELLER"), AMPHENOL
CORPORATION, a Delaware corporation ("AMPHENOL"), POOLED ACCOUNTS RECEIVABLE
CAPITAL CORPORATION, a Delaware corporation (the "PURCHASER"), and BMO NESBITT
BURNS CORP. (formerly, "Nesbitt Burns Securities, Inc."), a Delaware
corporation, as the agent for the Purchaser (in such capacity, the "AGENT").
RECITALS:
WHEREAS, the Seller, Amphenol, the Purchaser and the Agent are parties to
the Amended and Restated Receivables Purchase Agreement dated as of May 19,
1997, as amended as of September 26, 1997, June 30, 2000 and June 28, 2001,
respectively (as so amended, the "AGREEMENT"); and
WHEREAS, the parties hereto desire to further amend the Agreement as
hereinafter set forth.
NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:
1. DEFINED TERMS. Capitalized terms used but not defined herein have the
meaning set forth in the Agreement and Appendix A thereto. In addition, the
following terms have the following respective meanings:
2. Section 1.05(a) of the Agreement is hereby amended and restated in its
entirety as follows:
(a) The "COMMITMENT TERMINATION DATE" shall be the earlier of (i)
(A) May 19, 2004 with respect to the amount described in clause (i) of the
definition of "Purchase Limit" and (B) October 31, 2001 with respect to
the amount described in clause (ii) of the definition of "Purchase Limit"
(such dates, as may be extended, collectively herein called the "SCHEDULED
COMMITMENT TERMINATION DATE"), and (ii) the date of termination of the
Commitment pursuant to SECTION 1.06 or SECTION 9.02.
3. REPRESENTATIONS AND WARRANTIES. Each of the Seller (as to itself) and
Amphenol (as to itself and with respect to each other Originator) hereby
represents and warrants to the Purchaser and the Agent as follows:
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(a) REPRESENTATIONS AND WARRANTIES. The representations and
warranties contained in Sections 6.01 and 6.02 of the Agreement are true and
correct as of the date hereof.
(b) ENFORCEABILITY. The execution and delivery by it of this
Amendment, and the performance of its obligations under this Amendment and the
Agreement, as amended hereby, are within its corporate powers and have been duly
authorized by all necessary corporate action on its part. The Agreement (as
amended hereby) is its valid and legally binding obligations, enforceable in
accordance with its terms, except as enforceability may be limited by
bankruptcy, insolvency, reorganization or other similar laws affecting the
enforcement of creditors' rights generally and by general principles of equity,
regardless of whether such enforceability is considered in a proceeding in
equity or at law.
(c) NO DEFAULT. Both before and immediately after giving effect to
this Amendment and the transactions contemplated hereby, no Termination Event or
Unmatured Termination Event exists or shall exist.
4. EFFECT OF AMENDMENT. All provisions of the Agreement, as expressly
amended and modified by this Amendment, shall remain in full force and effect.
After this Amendment becomes effective, all references in the Agreement (or in
any other Transaction Document) to "this Agreement," "hereof," "herein" or words
of similar effect referring to the Agreement shall be deemed to be references to
the Agreement as amended by this Amendment. This Amendment shall not be deemed,
either expressly or impliedly, to waive, amend or supplement any provision of
the Agreement other than as set forth herein.
5. EFFECTIVENESS. This Amendment shall become effective as of the date
hereof upon receipt by the Agent of the following, in form and substance
satisfactory to the Agent in its reasonable discretion:
(a) an original of this Amendment duly executed and delivered by
each of the parties hereto or thereto;
(b) an acknowledgment and acceptance from Capital Markets Assurance
Corporation;
(c) evidence that the payment of all invoiced costs and expenses of
the Purchaser, the Agent and their respective Affiliates (including, without
limitation, the reasonable fees and expenses of counsel) pursuant to Section
14.06(a)(i) of the Agreement; and
(d) within 10 days after the date hereof, certified copies of the
resolutions of the boards of directors of each of the Seller and Amphenol
authorizing this Amendment, with a certified certificate of incumbency for the
officers of the Seller and Amphenol authorized to execute this Amendment;
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6. COUNTERPARTS. This Amendment may be executed in any number of
counterparts and by different parties on separate counterparts, each of which
when so executed shall be deemed to be an original and all of which when taken
together shall constitute but one and the same instrument.
7. GOVERNING LAW. This Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York.
8. SECTION HEADINGS. The various headings of this Amendment are included
for convenience only and shall not affect the meaning or interpretation of this
Amendment, the Agreement or any provision hereof or thereof.
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IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date first written above.
AMPHENOL FUNDING CORP.
By: /s/ Edward G. Jepsen
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Name: Edward G. Jepsen
Title: Executive Vice President
and Chief Financial Officer
AMPHENOL CORPORATION
By: /s/ Edward G. Jepsen
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Name: Edward G. Jepsen
Title: Executive Vice President
and Chief Financial Officer
FOURTH AMENDMENT TO
AMENDED AND RESTATED RPA
S-1 (AMPHENOL)
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POOLED ACCOUNTS RECEIVABLE
CAPITAL CORPORATION, as Purchaser
By:
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Name:
Title:
BMO NESBITT BURNS CORP., as Agent
By:
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Name:
Title:
By:
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Name:
Title:
FOURTH AMENDMENT TO
AMENDED AND RESTATED RPA
S-2 (AMPHENOL)