Exhibit 10.33
FIRST AMENDMENT TO
CREDIT AGREEMENT
THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this "First Amendment") dated as
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of June 28, 1999 is among McKesson HBOC, Inc., a Delaware corporation (formerly
named McKesson Corporation) (the "Company"), Medis Health and Pharmaceutical
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Services Inc., an Ontario corporation ("Medis", together with the Company, the
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"Borrowers"), the financial institutions party hereto (the "Banks"), Bank of
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America National Trust and Savings Association, as administrative agent for such
Banks (in such capacity, the "Agent"), Bank of America Canada, as Canadian
Agent, and The Chase Manhattan Bank, First Union National Bank and The First
National Bank of Chicago, as documentation agents, and amends that certain
Credit Agreement dated as of November 10, 1998, among the Company, Medis, the
Banks, the Agent, the Canadian Agent, and the documentation agents (the
"Agreement").
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RECITAL
The Company has requested the Banks and the Agent to extend the delivery
deadline for its annual reports and related officers' certificates and auditors'
reports for the fiscal year-end 1999 to August 1, 1999, and the Banks and the
Agent are willing to do so, on the terms and conditions specified herein;
NOW, THEREFORE, for good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereby agree as follows:
1. Terms. All terms used herein shall have the same meanings as in the
Agreement unless otherwise defined herein. All references to the Agreement
shall mean the Agreement as hereby amended.
2. Amendments. The Borrowers, the Banks and the Agent hereby agree to
amend the Agreement as follows:
2.1 Section 6.1(a) of the Agreement is amended by deleting the words "as
soon as available, but not later than 90 days after the end of each fiscal year
(commencing with the fiscal year ended March 31, 1999), " and replacing them
with the words "as soon as available, but not later than (i) August 1, 1999,
with respect to the fiscal year ended March 31, 1999, and (ii) 90 days after the
end of each fiscal year commencing with the fiscal year ended March 31, 2000,"
in the first two lines of Section 6.1(a) of the Agreement.
3. Representations and Warranties. Each Borrower represents and warrants
(which representations and warranties in the case of Medis shall be limited to
Medis and its Subsidiaries and other facts and circumstances known to Medis and
its Subsidiaries) to Banks and Agent that, on and as of the date hereof, and
after giving effect to this First Amendment:
3.1 Authorization. The execution, delivery and performance of this First
Amendment have been duly authorized by all necessary corporate action and this
First Amendment has been duly executed and delivered by such Borrower.
McKesson HBOC First Amendment
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3.2 Binding Obligation. This First Amendment is the legally valid and
binding obligation of the Borrowers, enforceable in accordance with its terms
against each Borrower, except as such enforcement may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar laws relating to or limiting
creditors rights generally or by equitable principles relating to
enforceability.
3.3 No Legal Obstacle to Agreement. Neither the execution of this First
Amendment, the making by Borrowers of any borrowing under the Agreement, nor the
performance of the Agreement has constituted or resulted in or will constitute
or result in a breach of the provisions of any material contract to which any
Borrower is a party, or the violation of any law, judgment, decree or
governmental order, rule or regulation applicable to any Borrower, or result in
the creation under any agreement or instrument of any security interest, lien,
charge, or encumbrance upon any of the assets of any Borrower. No approval or
authorization of any governmental authority is required to permit the execution,
delivery or performance by the Borrowers of this First Amendment, the Agreement,
or the transactions contemplated hereby or thereby, or the making of any
borrowing under the Agreement.
3.4 Incorporation of Certain Representations. The representations and
warranties set forth in Article V of the Agreement are true and correct in all
respects on and as of the date hereof as though made on and as of the date
hereof, except to the extent such representations and warranties specifically
relate to an earlier date, in which case they were true, correct and complete in
all material respects on and as of such date.
3.5 Default. No Default or Event of Default under the Agreement has
occurred and is continuing.
4. Miscellaneous.
4.1 Effectiveness of the Agreement; Counterparts. Except as hereby
expressly amended, the Agreement shall remain in full force and effect, and is
hereby ratified and confirmed in all respects. This First Amendment may be
executed in any number of counterparts, all of such counterparts taken together
shall be deemed to constitute one and the same instrument. This First Amendment
shall not become effective until each of the Borrowers, the Majority Banks and
the Agent shall have signed a copy hereof, whether the same or counterparts, and
the same shall have been delivered to the Agent. This First Amendment shall be
effective to amend the Agreement as the Incorporated Agreement under, and as
defined in, the Syndicated Revolving Promissory Note dated May 28, 1999 among
the Company, Bank of American National Trust and Savings Association as agent
thereunder and the Banks hereto which are noteholders thereunder.
4.2 Waivers. This First Amendment is specific in time and in intent and
does not constitute, nor should it be construed as, a waiver of any other right,
power or privilege under the Agreement, or under any agreement, contract,
indenture, document or instrument mentioned in the Agreement; nor does it
preclude any exercise thereof, nor shall any future waiver of any right, power,
privilege or default hereunder, or under any agreement, contract, indenture,
document or instrument mentioned in the Agreement, constitute a waiver of any
other default of the same or of any other term or provision.
McKesson HBOC First Amendment
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4.3 Jurisdiction. This First Amendment, and any instrument or agreement
required hereunder, shall be governed by and construed under the laws of the
State of California.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and delivered as of the date first written above.
MCKESSON HBOC, INC.
By: /s/ Nicholas A. Loiacono
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Nicholas A. Loiacono
Treasurer
MEDIS HEALTH AND PHARMACEUTICAL
SERVICES INC.
By: /s/ Nicholas A. Loiacono
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Nicholas A. Loiacono
Vice President
McKesson HBOC First Amendment
BANK OF AMERICA NATIONAL TRUST
AND SAVINGS ASSOCIATION, as Agent
By: /s/ Gina Meador
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Gina Meador
Vice President
BANK OF AMERICA NATIONAL TRUST
AND SAVINGS ASSOCIATION, as a Bank
By: /s/ Vanessa Meyer
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Vanessa Meyer
Managing Director
McKesson HBOC First Amendment
BANK OF AMERICA CANADA, as Canadian
Administrative Agent and as a Bank
By: /s/ Richard Hall
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Title: Vice President
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McKesson HBOC First Amendment
THE CHASE MANHATTAN BANK,
as documentation agent and as a Bank
By: /s/ Leonard Weiner
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Title: Managing Director
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McKesson HBOC First Amendment
THE FIRST NATIONAL BANK OF
CHICAGO, as documentation agent and as a
Bank
By: /s/ Kandis A. Jaffrey
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Title: Assistant Vice President
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McKesson HBOC First Amendment
ABN AMRO BANK N.V., as managing agent
and as a Bank
By: /s/ Gina M. Brusatori
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Title: Group Vice President
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By: /s/
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Title: Vice President
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McKesson HBOC First Amendment
FIRST UNION NATIONAL BANK, as
documentation agent and as a Bank
By: /s/
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Title: Senior Vice President
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McKesson HBOC First Amendment
MELLON BANK, N.A., as managing agent and as a
Bank
By: /s/ Lawrence C. Ivey
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Title: Vice President
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McKesson HBOC First Amendment
TORONTO DOMINION (TEXAS), INC., as
managing agent and as a Bank
By: /s/ Alva J. Jones
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Title: Vice President
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McKesson HBOC First Amendment
WACHOVIA BANK. N.A., as co-agent and as a
Bank
By: /s/ Eliza Racine
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Title: Vice President
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McKesson HBOC First Amendment
THE BANK OF NEW YORK
By: /s/ Elizabeth Ying
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Title: Vice President
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McKesson HBOC First Amendment
PNC BANK NATIONAL ASSOCIATION
By: /s/ Philip K. Liebscher
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Title: Vice President
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McKesson HBOC First Amendment
WELLS FARGO BANK, N.A.
By: /s/ Catherine M. Wallace
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Title: Vice President
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By: /s/ Donald A. Hartmann
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Title: Senior Vice President
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McKesson HBOC First Amendment
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Aaron J. Gordon
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Title: Vice President
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McKesson HBOC First Amendment
ALLFIRST BANK
By: /s/ Jennifer G. Erickson
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Title: Vice President
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McKesson HBOC First Amendment
NORWEST BANK MINNESOTA, N.A.
By: /s/
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Title: Commercial Banking Officer
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McKesson HBOC First Amendment
BANK OF MONTREAL
By: /s/ Chard W. Camm
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Title: Managing Director
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McKesson HBOC First Amendment
FIRST CHICAGO NBD BANK, CANADA
By: /s/ Mark A. Isley
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Title: First Vice President
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McKesson HBOC First Amendment
THE TORONTO-DOMINION BANK
By: /s/ Alva J. Jones
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Title: Manager CR Administration
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McKesson HBOC First Amendment
BANCA DI ROMA
By: /s/ Augusto Bianchi
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Title: First Vice President - 97911
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By: /s/ Richard Dietz
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Title: Vice President - 97271
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