Exhibit 10.1
AMENDMENT NO. 2
AMENDMENT NO. 2 dated as of December 2, 2005 between BE
AEROSPACE, INC., a corporation duly organized and validly existing under the
laws of the State of Delaware (the "Borrower"), each of the lenders that is a
signatory hereto under the caption "LENDERS" on the signature pages hereto
(individually a "Lender" and collectively the "Lenders") and JPMORGAN CHASE
BANK, N.A. (formerly known as JPMorgan Chase Bank) as administrative agent (in
such capacity, together with its successors in such capacity, the
"Administrative Agent") under the Credit Agreement referred to below.
The Borrower, the Lenders and the Administrative Agent are
parties to an Amended and Restated Credit Agreement dated as of February 12,
2004 (as amended, the "Credit Agreement"). The Borrower and the Lenders wish to
amend the Credit Agreement in certain respects and, accordingly, the parties
hereto hereby agree as follows:
Section 1. Definitions. Unless otherwise defined herein, terms
defined in the Credit Agreement are used herein as defined therein.
Section 2. Amendments. Subject to the satisfaction of the
conditions set forth in Section 4 hereof, the Credit Agreement shall be amended
as follows:
Section 2.01. Restricted Payments. Section 6.06 of the Credit
Agreement shall be amended by inserting the following new paragraph at the end
thereof to read as follows:
"Notwithstanding anything herein to the contrary contained in
this Section 6.06, the Borrower may redeem its 8% Senior Subordinated
Notes issued pursuant to the Indenture dated as of February 13, 1998
between the Borrower and The Bank of New York as Trustee, with the
proceeds of any Equity Issuance and, if such proceeds are not
sufficient, up to $15,000,000 of cash on hand."
Section 3. Representations and Warranties. The Borrower
represents and warrants to the Lenders that the representations and warranties
set forth in Article III of the Credit Agreement (as amended hereby) are true
and complete on the date hereof as if made on and as of the date hereof (or, if
such representation or warranty is expressly stated to be made as of a specific
date, as of such specific date) and as if each reference in said Article III to
"this Agreement" included reference to this Amendment No. 2.
Section 4. Condition Precedent. The amendments to the Credit
Agreement set forth in Section 2 above shall become effective as of the date
hereof upon (a) receipt by the Administrative Agent of this Amendment No. 2,
duly executed and delivered by the Borrower and the Required Lenders, (b)
payment of all fees and expenses as the Borrower shall have agreed to pay to any
Lender or the Administrative Agent in connection with this Amendment No. 2,
including the reasonable fees and expenses of Milbank, Tweed, Hadley & McCloy
LLP, special New York counsel to the Administrative Agent, and (c) such other
documents that the Administrative Agent or special New York counsel to the
Administrative Agent may reasonably request.
Section 5. Miscellaneous. Except as expressly herein provided,
the Credit Agreement shall remain unchanged and in full force and effect. This
Amendment No. 2 may be executed in any
Amendment No. 2
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number of counterparts, all of which taken together shall constitute one and the
same amendatory instrument and any of the parties hereto may execute this
Amendment No. 2 by signing any such counterpart. This Amendment No. 2 shall be
governed by, and construed in accordance with, the law of the State of New York.
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment No. 2 to be duly executed as of the day and year first above written.
BE AEROSPACE, INC.
By /s/ Jeffrey P. Holtzman
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Name: Jeffrey P. Holtzman
Title: Vice President
LENDERS
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JPMORGAN CHASE BANK
By /s/ Matthew H. Massie
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Name: Matthew H. Massie
Title: Managing Director
GE CAPITAL CORPORATION
By /s/ Brian P. Schwinn
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Name: Brian P. Schwinn
Title: Duly Authorized Signatory
CREDIT SUISSE FIRST BOSTON,
acting through its Cayman Islands Branch
By /s/ Karl Studer
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Name: Karl Studer
Title: Director
By /s/ Yvonne Guntlin
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Name: Yvonne Guntlin
Title: Assistant Vice President
Amendment No. 2
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