EXHIBIT 10.3
GUARANTEE AND COLLATERAL AGREEMENT
made by
ROUNDY'S ACQUISITION CORP.
ROUNDY'S, INC.
and certain of its Subsidiaries
in favor of
BEAR STEARNS CORPORATE LENDING INC.,
as Administrative Agent
Dated as of June 6, 2002
TABLE OF CONTENTS
Page
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SECTION 1. DEFINED TERMS................................................................ 1
1.1. Definitions............................................................ 1
1.2. Other Definitional Provisions.......................................... 4
SECTION 2. GUARANTEE.................................................................... 5
2.1. Guarantee.............................................................. 5
2.2. Right of Contribution.................................................. 5
2.3. No Subrogation......................................................... 6
2.4. Amendments, etc. with respect to the Borrower Obligations.............. 6
2.5. Guarantee Absolute and Unconditional................................... 7
2.6. Reinstatement.......................................................... 8
2.7. Payments............................................................... 8
SECTION 3. GRANT OF SECURITY INTEREST................................................... 8
SECTION 4. REPRESENTATIONS AND WARRANTIES............................................... 9
4.1. Representations in Credit Agreement; Parent Representations............ 9
4.2. Title; No Other Liens.................................................. 10
4.3. Perfected First Priority Liens......................................... 10
4.4. Jurisdiction of Organization; Chief Executive Office................... 10
4.5. Inventory and Equipment................................................ 10
4.6. Farm Products.......................................................... 10
4.7. Investment Property.................................................... 10
4.8. Receivables............................................................ 11
4.9. Intellectual Property.................................................. 11
SECTION 5. COVENANTS.................................................................... 12
5.1. Covenants in Credit Agreement.......................................... 12
5.2. Delivery of Instruments and Chattel Paper.............................. 12
5.3. Maintenance of Insurance............................................... 12
5.4. Payment of Obligations................................................. 13
5.5. Maintenance of Perfected Security Interest; Further Documentation...... 13
5.6. Changes in Locations, Name, etc........................................ 13
5.7. Notices................................................................ 14
5.8. Investment Property.................................................... 14
5.9. Receivables............................................................ 15
5.10. Intellectual Property.................................................. 16
SECTION 6. REMEDIAL PROVISIONS.......................................................... 17
6.1. Certain Matters Relating to Receivables................................ 17
6.2. Communications with Obligors; Grantors Remain Liable................... 18
6.3. Pledged Stock.......................................................... 19
6.4. Proceeds to be Turned Over to Administrative Agent..................... 20
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6.5. Application of Proceeds.............................................. 20
6.6. Code and Other Remedies.............................................. 21
6.7. Registration Rights.................................................. 22
6.8. Deficiency........................................................... 23
SECTION 7. THE ADMINISTRATIVE AGENT................................................... 24
7.1. Administrative Agent's Appointment as Attorney-in-Fact, etc.......... 24
7.2. Duty of Administrative Agent......................................... 26
7.3. Execution of Financing Statements.................................... 26
7.4. Authority of Administrative Agent.................................... 26
SECTION 8. MISCELLANEOUS.............................................................. 27
8.1. Amendments in Writing................................................ 27
8.2. Notices.............................................................. 27
8.3. No Waiver by Course of Conduct; Cumulative Remedies.................. 27
8.4. Enforcement Expenses; Indemnification................................ 27
8.5. Successors and Assigns............................................... 28
8.6. Set-Off.............................................................. 28
8.7. Counterparts......................................................... 28
8.8. Severability......................................................... 28
8.9. Section Headings..................................................... 29
8.10. Integration.......................................................... 29
8.11. GOVERNING LAW........................................................ 29
8.12. Submission To Jurisdiction; Waivers.................................. 29
8.13. Acknowledgements..................................................... 30
8.14. Additional Grantors.................................................. 30
8.15. Releases............................................................. 30
8.16. WAIVER OF JURY TRIAL................................................. 31
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GUARANTEE AND COLLATERAL AGREEMENT, dated as of June 6, 2002, made by
each of the signatories hereto (together with any other entity that may become a
party hereto as provided herein, the "Grantors"), in favor of BEAR STEARNS
CORPORATE LENDING INC., as Administrative Agent (in such capacity, the
"Administrative Agent"), for the banks, financial institutions and other
entities (the "Lenders") from time to time parties to the Credit Agreement,
dated as of June 6, 2002 (as amended, supplemented or otherwise modified from
time to time, the "Credit Agreement"), among Roundy's Acquisition Corp., a
Delaware corporation, Roundy's, Inc., a Wisconsin corporation (the "Borrower"),
the several banks, financial institutions and other entities from time to time
parties to the Credit Agreement (the "Lenders"), Bear, Stearns & Co. Inc., as
sole lead arranger and sole book manager (in such capacity, the "Arranger"),
Canadian Imperial Bank of Commerce, as syndication agent (in such capacity, the
"Syndication Agent"), and the Administrative Agent.
W I T N E S S E T H:
WHEREAS, pursuant to the Credit Agreement, the Lenders have severally
agreed to make extensions of credit to the Borrower upon the terms and subject
to the conditions set forth therein;
WHEREAS, the Borrower is a member of an affiliated group of companies
that includes each other Grantor;
WHEREAS, the proceeds of the extensions of credit under the Credit
Agreement will be used in part to enable the Borrower to make valuable transfers
to one or more of the other Grantors in connection with the operation of their
respective businesses;
WHEREAS, the Borrower and the other Grantors are engaged in related
businesses, and each Grantor will derive substantial direct and indirect benefit
from the making of the extensions of credit under the Credit Agreement; and
WHEREAS, it is a condition precedent to the obligation of the Lenders to
make their respective extensions of credit to the Borrower under the Credit
Agreement that the Grantors shall have executed and delivered this Agreement to
the Administrative Agent for the ratable benefit of the Lead Agents and the
Lenders;
NOW, THEREFORE, in consideration of the premises and to induce the Lead
Agents and the Lenders to enter into the Credit Agreement and to induce the
Lenders to make their respective extensions of credit to the Borrower
thereunder, each Grantor hereby agrees with the Administrative Agent, for the
ratable benefit of the Lead Agents and the Lenders, as follows:
SECTION 1. DEFINED TERMS
1.1. Definitions. (a) Unless otherwise defined herein, terms defined in the
Credit Agreement and used herein shall have the meanings given to them in
the Credit Agreement, and the following terms are used herein as defined
in the New York UCC: Accounts, Certificated Security, Chattel Paper,
Commercial Tort Claims, Documents, Equipment, Farm Products, General
Intangibles, Instruments, Inventory, Letter-of-Credit Rights and
Supporting Obligations.
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(b) The following terms shall have the following meanings:
"Agreement": this Guarantee and Collateral Agreement, as the same may
be amended, supplemented or otherwise modified from time to time.
"Collateral": as defined in Section 3.
"Collateral Account": any collateral account established by the
Administrative Agent as provided in Section 6.1 or 6.4.
"Copyrights": (i) all copyrights arising under the laws of the United
States, any other country or any political subdivision thereof, whether
registered or unregistered and whether published or unpublished (including,
without limitation, those listed in Schedule 6), all registrations and
recordings thereof, and all applications in connection therewith,
including, without limitation, all registrations, recordings and
applications in the United States Copyright Office, and (ii) the right to
obtain all renewals thereof.
"Copyright Licenses": any written agreement naming any Grantor as
licensor or licensee (including, without limitation, those listed in
Schedule 6), granting any right under any Copyright, including, without
limitation, the grant of rights to manufacture, distribute, exploit and
sell materials derived from any Copyright.
"Deposit Account": as defined in the Uniform Commercial Code of any
applicable jurisdiction and, in any event, including, without limitation,
any demand, time, savings, passbook or like account maintained with a
depositary institution.
"Foreign Subsidiary": any Subsidiary organized under the laws of any
jurisdiction outside the United States of America.
"Foreign Subsidiary Voting Stock": the voting Capital Stock of any
Foreign Subsidiary.
"Guarantor Obligations": with respect to any Guarantor, all obligations
and liabilities of such Guarantor which may arise under or in connection
with this Agreement (including, without limitation, Section 2) or any other
Loan Document to which such Guarantor is a party, in each case whether on
account of guarantee obligations, reimbursement obligations, fees,
indemnities, costs, expenses or otherwise (including, without limitation,
all fees and disbursements of counsel to the Lead Agents or to the Lenders
that are required to be paid by such Guarantor pursuant to the terms of
this Agreement or any other Loan Document).
"Guarantors": the collective reference to each Grantor other than the
Borrower.
"Hedge Agreements": as to any Person, all interest rate swaps, caps or
collar agreements or similar arrangements entered into by such Person
providing for protection against fluctuations in interest rates or currency
exchange rates or the exchange of nominal interest obligations, either
generally or under specific contingencies.
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"Intellectual Property": the collective reference to all rights,
priorities and privileges relating to intellectual property, whether
arising under United States, multinational or foreign laws or otherwise,
including, without limitation, the Copyrights, the Copyright Licenses, the
Patents, the Patent Licenses, the Trademarks and the Trademark Licenses,
and all rights to sue at law or in equity for any infringement or other
impairment thereof, including the right to receive all proceeds and damages
therefrom.
"Intercompany Note": any promissory note evidencing loans made by any
Grantor to the Borrower or any of its Subsidiaries.
"Investment Property": the collective reference to (i) all "investment
property" as such term is defined in Section 9-102(a)(49) of the New York
UCC (other than any Foreign Subsidiary Voting Stock excluded from the
definition of "Pledged Stock") and (ii) whether or not constituting
"investment property" as so defined, all Pledged Notes and all Pledged
Stock.
"Issuers": the collective reference to each issuer of any Investment
Property.
"New York UCC": the Uniform Commercial Code as from time to time in
effect in the State of New York.
"Obligations": (i) in the case of the Borrower, the Obligations, and
(ii) in the case of each Guarantor, its Guarantor Obligations.
"Patents": (i) all letters patent of the United States, any other
country or any political subdivision thereof, all reissues and extensions
thereof and all goodwill associated therewith, including, without
limitation, any of the foregoing referred to in Schedule 6, (ii) all
applications for letters patent of the United States or any other country
and all divisions, continuations and continuations-in-part thereof,
including, without limitation, any of the foregoing referred to in Schedule
6, and (iii) all rights to obtain any reissues or extensions of the
foregoing.
"Patent License": all agreements providing for the grant by or to any
Grantor of any right to manufacture, use or sell any invention covered in
whole or in part by a Patent, including, without limitation, any of the
foregoing referred to in Schedule 6.
"Pledged Notes": all promissory notes listed on Schedule 2, all
Intercompany Notes at any time issued to any Grantor and all other
promissory notes issued to or held by any Grantor (other than promissory
notes issued in connection with extensions of trade credit by any Grantor
in the ordinary course of business).
"Pledged Stock": the shares of Capital Stock listed on Schedule 2,
together with any other shares, stock certificates, options, interests or
rights of any nature whatsoever in respect of the Capital Stock of any
Person that may be issued or granted to, or held by, any Grantor while this
Agreement is in effect; provided that in no event shall more than 66% of
the total outstanding Foreign Subsidiary Voting Stock of any Foreign
Subsidiary be required to be pledged hereunder.
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"Proceeds": all "proceeds" as such term is defined in Section
9-102(a)(64) of the New York UCC and, in any event, shall include, without
limitation, all dividends or other income from the Investment Property,
collections thereon or distributions or payments with respect thereto.
"Receivable": any right to payment for goods sold or leased or for
services rendered, whether or not such right is evidenced by an Instrument
or Chattel Paper and whether or not it has been earned by performance
(including, without limitation, any Account).
"Securities Act": the Securities Act of 1933, as amended.
"Trademarks": (i) all trademarks, trade names, corporate names,
company names, business names, fictitious business names, trade styles,
service marks, logos and other source or business identifiers, and all
goodwill associated therewith, now existing or hereafter adopted or
acquired, all registrations and recordings thereof, and all applications in
connection therewith, whether in the United States Patent and Trademark
Office or in any similar office or agency of the United States, any State
thereof or any other country or any political subdivision thereof, or
otherwise, and all common-law rights related thereto, including, without
limitation, any of the foregoing referred to in Schedule 6, and (ii) the
right to obtain all renewals thereof.
"Trademark License": any agreement, whether written or oral, providing
for the grant by or to any Grantor of any right to use any Trademark,
including, without limitation, any of the foregoing referred to in Schedule
6.
1.2. Other Definitional Provisions. (a) The words "hereof," "herein",
"hereto" and "hereunder" and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any
particular provision of this Agreement, and Section and Schedule
references are to this Agreement unless otherwise specified.
(b) The meanings given to terms defined herein shall be equally
applicable to both the singular and plural forms of such terms.
(c) Where the context requires, terms relating to the Collateral or
any part thereof, when used in relation to a Grantor, shall refer
to such Grantor's Collateral or the relevant part thereof.
(d) Where the context requires, any affiliate of a Lender which is
party to a Specified Hedge Agreement shall be deemed to be a
"Lender" for purposes of this Agreement.
(e) The word "knowledge" when used with respect to any Grantor shall
be deemed to be a reference to the knowledge of any Responsible
Officer of such Grantor.
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SECTION 2. GUARANTEE
2.1. Guarantee. (a) Each of the Guarantors hereby, jointly and severally,
unconditionally and irrevocably, guarantees to the Administrative
Agent, for the ratable benefit of the Lead Agents and the Lenders and
their respective, permitted successors, indorsees, transferees and
assigns, the prompt and complete payment and performance by the
Borrower when due (whether at the stated maturity, by acceleration or
otherwise) of the Obligations.
(b) Anything herein or in any other Loan Document to the contrary
notwithstanding, the maximum liability of each Guarantor
hereunder and under the other Loan Documents shall in no event
exceed the amount which can be guaranteed by such Guarantor under
applicable federal and state laws relating to the insolvency of
debtors and fraudulent conveyances or transfers (after giving
effect to the right of contribution established in Section 2.2).
(c) Each Guarantor agrees that the Obligations may at any time and
from time to time exceed the amount of the liability of such
Guarantor hereunder without impairing the guarantee contained in
this Section 2 or affecting the rights and remedies of any Lead
Agent or any Lender hereunder.
(d) The guarantee contained in this Section 2 shall remain in full
force and effect until all the Obligations and the obligations of
each Guarantor under the guarantee contained in this Section 2
shall have been satisfied by payment in full (excluding
contingent indemnification obligations or obligations with
respect to Specified Hedge Agreements), no Letter of Credit shall
be outstanding and the Commitments shall be terminated,
notwithstanding that from time to time during the term of the
Credit Agreement the Borrower may be free from any Obligations.
(e) No payment made by the Borrower, any of the Guarantors, any other
guarantor or any other Person or received or collected by any
Lead Agent or any Lender from the Borrower, any of the
Guarantors, any other guarantor or any other Person by virtue of
any action or proceeding or any set-off or appropriation or
application at any time or from time to time in reduction of or
in payment of the Obligations shall be deemed to modify, reduce,
release or otherwise affect the liability of any Guarantor
hereunder which shall, notwithstanding any such payment (other
than any payment made by such Guarantor in respect of the
Obligations or any payment received or collected from such
Guarantor in respect of the Obligations), remain liable for the
Obligations up to the maximum liability of such Guarantor
hereunder until the Obligations are paid in full, no Letter of
Credit shall be outstanding and the Commitments are terminated.
2.2. Right of Contribution. Each Subsidiary Guarantor hereby agrees that to
the extent that a Subsidiary Guarantor shall have paid more than its
proportionate share of
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any payment made hereunder, such Subsidiary Guarantor shall be
entitled to seek and receive contribution from and against any other
Subsidiary Guarantor hereunder which has not paid its proportionate
share of such payment. Each Subsidiary Guarantor's right of
contribution shall be subject to the terms and conditions of Section
2.3. The provisions of this Section 2.2 shall in no respect limit the
obligations and liabilities of any Subsidiary Guarantor to the Lead
Agents and the Lenders, and each Subsidiary Guarantor shall remain
liable to the Lead Agents and the Lenders for the full amount
guaranteed by such Subsidiary Guarantor hereunder.
2.3. No Subrogation. Notwithstanding any payment made by any Guarantor
hereunder or any set-off or application of funds of any Guarantor by
any Lead Agent or any Lender, no Guarantor shall be entitled to be
subrogated to any of the rights of any Lead Agent or any Lender
against the Borrower or any other Guarantor or any collateral security
or guarantee or right of offset held by any Lead Agent or any Lender
for the payment of the Obligations, nor shall any Guarantor seek or be
entitled to seek any contribution or reimbursement from the Borrower
or any other Guarantor in respect of payments made by such Guarantor
hereunder, until all amounts owing to the Lead Agents and the Lenders
by the Borrower on account of the Obligations are paid in full
(excluding contingent indemnification obligations or obligations with
respect to Specified Hedge Agreements), no Letter of Credit shall be
outstanding and the Commitments are terminated. If any amount shall be
paid to any Guarantor on account of such subrogation rights at any
time when all of the Obligations shall not have been paid in full,
such amount shall be held by such Guarantor in trust for the Lead
Agents and the Lenders, segregated from other funds of such Guarantor,
and shall, forthwith upon receipt by such Guarantor, be turned over to
the Administrative Agent in the exact form received by such Guarantor
(duly indorsed by such Guarantor to the Administrative Agent, if
required), to be applied against the Obligations, whether matured or
unmatured, in such order as the Administrative Agent may determine.
2.4. Amendments, etc. with respect to the Obligations. Each Guarantor shall
remain obligated hereunder notwithstanding that, without any
reservation of rights against any Guarantor and without notice to or
further assent by any Guarantor, any demand for payment of any of the
Obligations made by any Lead Agent or any Lender may be rescinded by
such Lead Agent or such Lender and any of the Obligations continued,
and the Obligations, or the liability of any other Person upon or for
any part thereof, or any collateral security or guarantee therefor or
right of offset with respect thereto, may, from time to time, in whole
or in part, be renewed, extended, amended, modified, accelerated,
compromised, waived, surrendered or released by any Lead Agent or any
Lender, and the Credit Agreement and the other Loan Documents and any
other documents executed and delivered in connection therewith may be
amended, modified, supplemented or terminated, in whole or in part, as
the Administrative Agent (or the requisite Lenders or all Lenders, as
the case may be) may deem advisable from time to time, and any
collateral security, guarantee or right of offset at any time held by
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any Lead Agent or any Lender for the payment of the Obligations may be
sold, exchanged, waived, surrendered or released. No Lead Agent or
Lender shall have any obligation to protect, secure, perfect or insure
any Lien at any time held by it as security for the Obligations or for
the guarantee contained in this Section 2 or any property subject
thereto.
2.5. Guarantee Absolute and Unconditional. Each Guarantor waives (to the
extent not prohibited by applicable law) any and all notice of the
creation, renewal, extension or accrual of any of the Obligations and
notice of or proof of reliance by any Lead Agent or any Lender upon
the guarantee contained in this Section 2 or acceptance of the
guarantee contained in this Section 2; the Obligations, and any of
them, shall conclusively be deemed to have been created, contracted or
incurred, or renewed, extended, amended or waived, in reliance upon
the guarantee contained in this Section 2; and all dealings between
the Borrower and any of the Guarantors, on the one hand, and the Lead
Agents and the Lenders, on the other hand, likewise shall be
conclusively presumed to have been had or consummated in reliance upon
the guarantee contained in this Section 2. Each Guarantor waives (to
the extent not prohibited by applicable law) diligence, presentment,
protest, demand for payment and notice of default or nonpayment to or
upon the Borrower or any of the Guarantors with respect to the
Obligations. Each Guarantor understands and agrees that the guarantee
contained in this Section 2 shall be construed as a continuing,
absolute and unconditional guarantee of payment without regard to (1)
the validity or enforceability of the Credit Agreement or any other
Loan Document, any of the Obligations or any other collateral security
therefor or guarantee or right of offset with respect thereto at any
time or from time to time held by any Lead Agent or any Lender, (2)
any defense, set-off or counterclaim (other than a defense of payment
or performance) which may at any time be available to or be asserted
by the Borrower or any other Person against any Lead Agent or any
Lender, or (3) any other circumstance whatsoever (with or without
notice to or knowledge of the Borrower or such Guarantor) which
constitutes, or might be construed to constitute, an equitable or
legal discharge of the Borrower for the Obligations, or of such
Guarantor under the guarantee contained in this Section 2, in
bankruptcy or in any other instance. When making any demand hereunder
or otherwise pursuing its rights and remedies hereunder against any
Guarantor, any Lead Agent or any Lender may, but shall be under no
obligation to, make a similar demand on or otherwise pursue such
rights and remedies as it may have against the Borrower, any other
Guarantor or any other Person or against any collateral security or
guarantee for the Obligations or any right of offset with respect
thereto, and any failure by any Lead Agent or any Lender to make any
such demand, to pursue such other rights or remedies or to collect any
payments from the Borrower, any other Guarantor or any other Person or
to realize upon any such collateral security or guarantee or to
exercise any such right of offset, or any release of the Borrower, any
other Guarantor or any other Person or any such collateral security,
guarantee or right of offset, shall not relieve any Guarantor of any
obligation or liability hereunder, and shall not impair or affect the
rights and remedies, whether express, implied or available as a matter
of law, of any Lead Agent or any Lender against any
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Guarantor. For the purposes hereof "demand" shall include the
commencement and continuance of any legal proceedings.
2.6. Reinstatement. The guarantee contained in this Section 2 shall
continue to be effective, or be reinstated, as the case may be, if at
any time payment, or any part thereof, of any of the Obligations is
rescinded or must otherwise be restored or returned by any Lead Agent
or any Lender upon the insolvency, bankruptcy, dissolution,
liquidation or reorganization of the Borrower or any Guarantor, or
upon or as a result of the appointment of a receiver, intervenor or
conservator of, or trustee or similar officer for, the Borrower or any
Guarantor or any substantial part of its property, or otherwise, all
as though such payments had not been made.
2.7. Payments. Each Guarantor hereby guarantees that payments hereunder
will be paid to the Administrative Agent without set-off or
counterclaim in Dollars at the Payment Office specified in the Credit
Agreement.
SECTION 3. GRANT OF SECURITY INTEREST
Each Grantor hereby collaterally assigns, transfers and grants to the
Administrative Agent, for the ratable benefit of the Lead Agents and the Lenders
(and, in the case of Specified Hedge Agreements, any affiliates of any Lender),
a security interest in, all of the following property now owned or at any time
hereafter acquired by such Grantor or in which such Grantor now has or at any
time in the future may acquire any right, title or interest (collectively, the
"Collateral"), as collateral security for the prompt and complete payment and
performance when due (whether at the stated maturity, by acceleration or
otherwise) of such Grantor's Obligations:
(a) all Accounts;
(b) all Chattel Paper;
(c) all Deposit Accounts;
(d) all Documents;
(e) all Equipment;
(f) all General Intangibles;
(g) all Instruments;
(h) all Intellectual Property;
(i) all Inventory;
(j) all Investment Property;
(l) all Letter-of-Credit Rights;
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(m) all Commercial Tort Claims with respect to _______;
(n) all Goods and other personal property not otherwise described
above;
(o) all books and records pertaining to the Collateral; and
(p) to the extent not otherwise included, all Proceeds, Supporting
Obligations and products of any and all of the foregoing and all
collateral security and guarantees given by any Person with respect to
any of the foregoing;
provided, however, that notwithstanding any of the other
provisions set forth in this Section 3, this Agreement shall not
constitute a grant of a security interest in any property to the
extent that such grant of a security interest is in Equipment or
Property, as the case may be, subject to a Lien permitted under
Sections 8.3 (f), (g), (j) and (k) of the Credit Agreement, in each
case, with respect to which such Grantor is prohibited from granting a
security interest under the terms of Indebtedness incurred to finance
the purchase of such Equipment or Property, prohibited by any
Requirements of Law of a Governmental Authority, requires a consent
not obtained of any Governmental Authority pursuant to such
Requirement of Law or is prohibited by, or constitutes a breach or
default under or results in the termination of or requires any consent
not obtained under, any contract, license, agreement, instrument or
other document evidencing or giving rise to such property or, in the
case of any Investment Property, Pledged Stock or Pledged Note, any
applicable shareholder or similar agreement, except to the extent that
such Requirement of Law or the term in such contract, license,
agreement, instrument or other document or shareholder or similar
agreement providing for such prohibition, breach, default or
termination or requiring such consent is ineffective under applicable
law.
SECTION 4. REPRESENTATIONS AND WARRANTIES
To induce the Lead Agents and the Lenders to enter into the Credit
Agreement and to induce the Lenders to make their respective extensions of
credit to the Borrower thereunder, each Grantor hereby represents and warrants
to each Lead Agent and each Lender that:
4.1. Representations in Credit Agreement. In the case of each Guarantor,
the representations and warranties set forth in Section 5 of the
Credit Agreement as they relate to such Guarantor or to the Loan
Documents to which such Guarantor is a party, each of which is hereby
incorporated herein by reference, are true and correct in all material
respects, and each Lead Agent and each Lender shall be entitled to
rely on each of them as if they were fully set forth herein, provided
that each reference in each such representation and warranty to the
Borrower's knowledge shall, for the purposes of this Section 4.1, be
deemed to be a reference to such Guarantor's knowledge.
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4.2. Title; No Other Liens. Except for the security interest granted to the
Administrative Agent for the ratable benefit of the Lead Agents and
the Lenders pursuant to this Agreement and the other Liens permitted
to exist on the Collateral by the Credit Agreement, such Grantor owns
each item of the Collateral free and clear of any and all Liens or
claims of others. No financing statement or other public notice with
respect to all or any part of the Collateral is on file or of record
in any public office, except such as have been filed in favor of the
Administrative Agent, for the ratable benefit of the Lead Agents and
the Lenders, pursuant to this Agreement or as are permitted by the
Credit Agreement.
4.3. Perfected First Priority Liens. The security interests granted
pursuant to this Agreement upon completion of the filings (to the
extent that a security interest in Collateral can be perfected by
filing) and other actions specified on Schedule 3 (which, in the case
of all filings and other documents referred to on said Schedule, have
been delivered to the Administrative Agent in completed and duly
executed form) and payment of all applicable fees, will constitute
valid perfected security interests in all of the Collateral in favor
of the Administrative Agent, for the ratable benefit of the Lead
Agents and the Lenders, as collateral security for such Grantor's
Obligations, enforceable in accordance with the terms hereof against
all creditors of such Grantor and any Persons purporting to purchase
any Collateral from such Grantor and are prior to all other Liens on
the Collateral in existence on the date hereof except, in the case of
Collateral other than Pledged Stock, Liens permitted by Section 8.3 of
the Credit Agreement.
4.4. Jurisdiction of Organization; Chief Executive Office. On the date
hereof, such Grantor's jurisdiction of organization, identification
number from the jurisdiction of organization (if any), and the
location of such Grantor's chief executive office or sole place of
business or principal residence, as the case may be, are specified on
Schedule 4. Such Grantor has furnished to the Administrative Agent a
certified charter, certificate of incorporation or other organization
document and long-form good standing certificate as of a date which is
recent to the date hereof.
4.5. Inventory and Equipment. On the date hereof, the Inventory and the
Equipment (other than mobile goods) are kept at the locations listed
on Schedule 5.
4.6. Farm Products. None of the Collateral constitutes, or is the Proceeds
of, Farm Products.
4.7. Investment Property. (a) The shares of Pledged Stock pledged by such
Grantor hereunder constitute all the issued and outstanding shares of
all classes of the Capital Stock of each Issuer owned by such Grantor
or, in the case of Foreign Subsidiary Voting Stock, if less, 66% of
the outstanding Foreign Subsidiary Voting Stock of each relevant
Issuer.
(b) All the shares of the Pledged Stock have been duly and validly
issued and are fully paid and nonassessable (to the extent
applicable).
11
(c) Each of the Pledged Notes constitutes the legal, valid and
binding obligation of the obligor with respect thereto,
enforceable in accordance with its terms, subject to the
effects of bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and other similar laws relating
to or affecting creditors' rights generally, general
equitable principles (whether considered in a proceeding in
equity or at law) and an implied covenant of good faith and
fair dealing.
(d) Such Grantor is the record and beneficial owner of, and has
good and marketable title to, the Investment Property
pledged by it hereunder, free of any and all Liens or
options in favor of, or claims of, any other Person, except
the security interest created by this Agreement.
4.8. Receivables. (a) If an Event of Default shall occur and be
continuing and the Administrative Agent shall give notice of its
intent to exercise its rights pursuant to this Section 4.8 to the
relevant Grantor or Grantors, each Grantor shall deliver to the
Administrative Agent each Instrument or Chattel Paper in an
amount in excess of $100,000 payable to such Grantor under or in
connection with any Receivable.
(b) None of the obligors on any Receivables is a Governmental
Authority.
(c) The amounts represented by such Grantor to the Lenders from
time to time as owing to such Grantor in respect of the
Receivables will, to the knowledge of such Grantor, at such
times be accurate.
4.9. Intellectual Property. (a) Schedule 6 lists all registered or
patented Intellectual Property, and all applications to register
or patent Intellectual Property, owned by such Grantor in its own
name on the date hereof.
(b) On the date hereof, all material Intellectual Property of
such Grantor described on Schedule 6 is valid, subsisting,
unexpired and enforceable, has not been abandoned and does
not infringe the intellectual property rights of any other
Person.
(c) Except as set forth in Schedule 6, on the date hereof, none
of the Intellectual Property is the subject of any written
licensing or franchise agreement pursuant to which such
Grantor is the licensor or franchisor.
(d) No holding, decision or judgment has been rendered by any
Governmental Authority which would limit, cancel or question
the validity of, or such Grantor's rights in, any
Intellectual Property in any respect that could reasonably
be expected to have a Material Adverse Effect.
(e) No action or proceeding is pending, or, to the knowledge of
such Grantor, threatened, on the date hereof (1) seeking to
limit, cancel or question the validity of any Intellectual
Property or such Grantor's ownership interest
12
therein, or (2) which, if adversely determined, would have a
material adverse effect on the value of any Intellectual
Property.
SECTION 5. COVENANTS
Each Grantor covenants and agrees with the Lead Agents and the
Lenders that, from and after the date of this Agreement until the Obligations
shall have been paid in full, no Letter of Credit shall be outstanding and the
Commitments shall have terminated:
5.1. Covenants in Credit Agreement. In the case of each Guarantor,
such Guarantor shall take, or shall refrain from taking, as the
case may be, each action that is necessary to be taken or not
taken, as the case may be, so that no Default or Event of Default
is caused by the failure to take such action or to refrain from
taking such action by such Guarantor or any of its Subsidiaries.
5.2. Delivery of Instruments and Chattel Paper. If an Event of Default
shall occur and be continuing and the Administrative Agent shall
give notice of its intent to exercise its rights pursuant to this
Section 5.2 to the relevant Grantor or Grantors, if any amount
payable under or in connection with any of the Collateral shall
be or become evidenced by any Instrument (in excess of $100,000),
Certificated Security or Chattel Paper (in excess of $100,000),
such Instrument, Certificated Security or Chattel Paper shall be
immediately delivered to the Administrative Agent, duly indorsed
in a manner satisfactory to the Administrative Agent, to be held
as Collateral pursuant to this Agreement.
5.3. Maintenance of Insurance. (a) Such Grantor will maintain, with
financially sound and reputable companies, insurance policies (i)
insuring the Inventory and Equipment against loss by fire,
explosion, theft and such other casualties as may be reasonably
satisfactory to the Administrative Agent and (ii) to the extent
requested by the Administrative Agent, insuring such Grantor, the
Lead Agents and the Lenders against liability for personal injury
and property damage relating to such Inventory and Equipment,
such policies to be in such form and amounts and having such
coverage as may be reasonably satisfactory to the Administrative
Agent and the Lenders.
(b) All such insurance shall (i) provide that no cancellation,
material reduction in amount or material change in coverage
thereof shall be effective until at least 30 days after
receipt by the Administrative Agent of written notice
thereof, (ii) name the Administrative Agent as insured party
or loss payee, and (iii) be reasonably satisfactory in all
other respects to the Administrative Agent.
(c) The Borrower shall deliver to the Administrative Agent and
the Lenders a report of a reputable insurance broker with
respect to such insurance as the Administrative Agent may
from time to time reasonably request.
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5.4. Payment of Obligations. Such Grantor will pay and discharge or
otherwise satisfy prior to the date penalties attach thereto, as
the case may be, all taxes, assessments and governmental charges
or levies imposed upon the Collateral or in respect of income or
profits therefrom, as well as all claims of any kind (including,
without limitation, claims for labor, materials and supplies)
against or with respect to the Collateral, except (a) that no
such charge need be paid if the amount or validity thereof is
currently being contested in good faith by appropriate
proceedings, reserves in conformity with GAAP with respect
thereto have been provided on the books of such Grantor or (b)
where the failure to pay, discharge or otherwise satisfy such
obligations could not reasonably be expected to result in the
sale, forfeiture or loss of any material portion of the
Collateral or any interest therein.
5.5. Maintenance of Perfected Security Interest; Further Documentation
(a) Such Grantor shall maintain the security interest created by
this Agreement as a perfected security interest having at least
the priority described in Section 4.3 and shall use commercially
reasonable efforts to defend such security interest against the
claims and demands of all Persons whomsoever, subject to the
rights of such Grantor under the Loan Documents to dispose of the
Collateral.
(b) Such Grantor will furnish to the Administrative Agent from
time to time statements and schedules further identifying
and describing the assets and property of such Grantor and
such other reports in connection therewith as the
Administrative Agent may reasonably request, all in
reasonable detail.
(c) At any time and from time to time, upon the written request
of the Administrative Agent, and at the sole expense of such
Grantor, such Grantor will promptly and duly execute and
deliver, and have recorded, such further instruments and
documents and take such further actions as the
Administrative Agent may reasonably request for the purpose
of obtaining or preserving the full benefits of this
Agreement and of the rights and powers herein granted,
including, without limitation, (1) the filing of any
financing or continuation statements under the Uniform
Commercial Code (or other similar laws) in effect in any
jurisdiction with respect to the security interests created
hereby and (2) in the case of Investment Property, Deposit
Accounts, Letter-of-Credit Rights and any other relevant
Collateral, taking any actions necessary to enable the
Administrative Agent to obtain "control" (within the meaning
of the applicable Uniform Commercial Code) with respect
thereto, provided that no such action shall be required with
respect to any Cash Equivalents or Deposit Account until an
Event of Default shall have occurred and be continuing
unless the total amount of cash is in excess of $20,000,000,
in which case such excess cash shall be held in a Deposit
Account over which the Administrative Agent has obtained
"control" (within the meaning of the applicable Uniform
Commercial Code).
5.6. Changes in Locations, Name, etc. Such Grantor will not, except
upon 15 days' prior written notice to the Administrative Agent
and delivery to the
14
Administrative Agent of (1) all additional financing statements
and other documents reasonably requested by the Administrative
Agent to maintain the validity, perfection and priority of the
security interests provided for herein and (2) if applicable, a
written supplement to Schedule 5 showing any additional location
at which Inventory or Equipment shall be kept:
i. change its jurisdiction of organization or the location of its
chief executive office or sole place of business or principal
residence from that referred to in Section 4.4; or
ii. change its name.
5.7. Notices. Such Grantor will advise the Administrative Agent
promptly, in reasonable detail, of any Lien (other than security
interests created hereby or Liens permitted under the Credit
Agreement) on any of the Collateral which would materially and
adversely affect the ability of the Administrative Agent to
exercise any of its remedies hereunder.
5.8. Investment Property. (a) If such Grantor shall become entitled to
receive or shall receive any certificate (including, without
limitation, any certificate representing a dividend or a
distribution in connection with any reclassification, increase or
reduction of capital or any certificate issued in connection with
any reorganization), option or rights in respect of the Capital
Stock of any Issuer, whether in addition to, in substitution of,
as a conversion of, or in exchange for, any shares of the Pledged
Stock, or otherwise in respect thereof, such Grantor shall accept
the same as the agent of the Lead Agents and the Lenders, hold
the same in trust for the Lead Agents and the Lenders and deliver
the same forthwith to the Administrative Agent in the exact form
received, duly indorsed by such Grantor to the Administrative
Agent, if required, together with an undated stock power covering
such certificate duly executed in blank by such Grantor and with,
if the Administrative Agent so requests, signature guaranteed, to
be held by the Administrative Agent, subject to the terms hereof,
as additional collateral security for the Obligations. Except as
otherwise permitted under the Credit Agreement, (i) any sums paid
upon or in respect of the Investment Property upon the
liquidation or dissolution of any Issuer shall be paid over to
the Administrative Agent to be held by it hereunder as additional
collateral security for the Obligations, and (ii) in case any
distribution of capital shall be made on or in respect of the
Investment Property or any property shall be distributed upon or
with respect to the Investment Property pursuant to the
recapitalization or reclassification of the capital of any Issuer
or pursuant to the reorganization thereof, the property so
distributed shall, unless otherwise subject to a perfected
security interest in favor of the Administrative Agent, be
delivered to the Administrative Agent to be held by it hereunder
as additional collateral security for the Obligations. If any
sums of money or property so paid or distributed in respect of
the Investment Property shall be received by such Grantor, such
Grantor shall, until such money or property is paid or delivered
to the Administrative Agent, hold such money or property in trust
for the Lead Agents
15
and the Lenders, segregated from other funds of such Grantor, as
additional collateral security for the Obligations.
(b) Except as otherwise permitted in the Credit Agreement,
without the prior written consent of the Administrative
Agent, such Grantor will not (i) vote to enable, or take any
other action to permit, any Issuer to issue any stock or
other equity securities of any nature or to issue any other
securities convertible into or granting the right to
purchase or exchange for any stock or other equity
securities of any nature of any Issuer, (ii) sell, assign,
transfer, exchange, or otherwise dispose of, or grant any
option with respect to, the Investment Property or Proceeds
thereof (except pursuant to a transaction expressly
permitted by the Credit Agreement), (iii) create, incur or
permit to exist any Lien or option in favor of, or any claim
of any Person with respect to, any of the Investment
Property or Proceeds thereof, or any interest therein,
except for the security interests created by this Agreement,
non-consensual Liens permitted under Section 8.3 of the
Credit Agreement or Liens permitted under Section 8.3(k) of
the Credit Agreement or (iv) other than the Senior
Subordinated Note Indenture (or any other agreement
governing Indebtedness permitted under Section 8.2(f) of the
Credit Agreement) and any agreement with respect to a
Grantor imposed pursuant to an agreement that has been
entered into in connection with the Disposition of all or
substantially all of the Capital Stock of such Grantor,
enter into any agreement or undertaking restricting the
right or ability of such Grantor or the Administrative Agent
to sell, assign or transfer any of the Investment Property
or Proceeds thereof.
(c) In the case of each Grantor which is an Issuer, such Issuer
agrees that (i) it will be bound by the terms of this
Agreement relating to the Investment Property issued by it
and will comply with such terms insofar as such terms are
applicable to it, (ii) it will notify the Administrative
Agent promptly in writing of the occurrence of any of the
events described in Section 5.8(a) with respect to the
Investment Property issued by it and (iii) the terms of
Sections 6.3(c) and 6.7 shall apply to it, mutatis mutandis,
with respect to all actions that may be required of it
pursuant to Section 6.3(c) or 6.7 with respect to the
Investment Property issued by it.
5.9. Receivables. (a) Other than in the ordinary course of business
substantially consistent with its past practice, such Grantor
will not (i) grant any extension of the time of payment of any
material Receivable, (ii) compromise or settle any Receivable for
a materially lesser amount thereof, (iii) release, wholly or
partially, any Person liable for the payment of any material
Receivable, (iv) allow any material credit or discount whatsoever
on any Receivable or (v) amend, supplement or modify any material
Receivable in any manner that could materially adversely affect
the value thereof.
(b) Such Grantor will deliver to the Administrative Agent a copy
of each material demand, notice or document received by it
that questions or calls
16
into doubt the validity or enforceability of more than 5% of
the aggregate amount of the then outstanding Receivables.
5.10. Intellectual Property. (a) Such Grantor (either itself or through
licensees) will (i) subject to such Grantor's reasonable business
judgment, continue to use each Trademark material to the business
of the Borrower and its Subsidiaries taken as a whole on each and
every trademark class of goods applicable to its current line as
reflected in its current catalogs, brochures and price lists in
order to maintain such Trademark in full force free from any
claim of abandonment for non-use, (ii) subject to such Grantor's
reasonable business judgment, maintain as in the past the quality
of products and services offered under such Trademark, (iii) use
such Trademark with the appropriate notice of registration and
all other notices and legends required by applicable Requirements
of Law, (iv) not adopt or use any mark which is confusingly
similar or a colorable imitation of such Trademark unless the
Administrative Agent, for the ratable benefit of the Lead Agents
and the Lenders, shall obtain a perfected security interest in
such mark pursuant to this Agreement, and (v) subject to such
Grantor's reasonable business judgment, not (and not permit any
licensee or sublicensee thereof to) do any act or knowingly omit
to do any act whereby such Trademark may become invalidated or
impaired in any way.
(b) Such Grantor (either itself or through licensees) will not
do any act, or omit to do any act, whereby any Patent
material to the business of the Borrower and its
Subsidiaries taken as a whole may become forfeited,
abandoned or dedicated to the public.
(c) Such Grantor (either itself or through licensees) (i) will
employ each Copyright material to the business of the
Borrower and its Subsidiaries taken as a whole and (ii) will
not (and will not permit any licensee or sublicensee thereof
to) do any act or knowingly omit to do any act whereby any
material portion of the Copyrights may become invalidated or
otherwise impaired. Such Grantor will not (either itself or
through licensees) do any act whereby any material portion
of the Copyrights may fall into the public domain.
(d) Such Grantor (either itself or through licensees) will not
do any act that knowingly uses any Intellectual Property
material to the business of the Borrower and its
Subsidiaries taken as a whole to infringe the intellectual
property rights of any other Person.
(e) Such Grantor will notify the Administrative Agent and the
Lenders immediately if it knows, or has reason to know, that
any application or registration relating to any Intellectual
Property material to the business of the Borrower and its
Subsidiaries taken as a whole may become forfeited,
abandoned or dedicated to the public, or of any adverse
determination or development (including, without limitation,
the institution of, or any such determination or development
in, any proceeding in the United States
17
Patent and Trademark Office, the United States Copyright
Office or any court or tribunal in any country) regarding
such Grantor's ownership of, or the validity of, any
Intellectual Property material to the business of the
Borrower and its Subsidiaries taken as a whole or such
Grantor's right to register the same or to own and maintain
the same.
(f) Whenever such Grantor, either by itself or through any
agent, employee, licensee or designee, shall file an
application for the registration of any Intellectual
Property with the United States Patent and Trademark Office,
the United States Copyright Office or any similar office or
agency in any other country or any political subdivision
thereof, such Grantor shall report such filing to the
Administrative Agent within five Business Days after the
last day of the fiscal quarter in which such filing occurs.
Upon request of the Administrative Agent, such Grantor shall
execute and deliver, and have recorded, any and all
agreements, instruments, documents, and papers as the
Administrative Agent may request to evidence the Lead
Agents' and the Lenders' security interest in any Copyright,
Patent or Trademark and the goodwill and general intangibles
of such Grantor relating thereto or represented thereby.
(g) Such Grantor will take all reasonable and necessary steps,
including, without limitation, in any proceeding before the
United States Patent and Trademark Office, the United States
Copyright Office or any similar office or agency in any
other country or any political subdivision thereof, to
maintain and pursue each application (and to obtain the
relevant registration) and to maintain each registration of
the Intellectual Property material to the business of the
Borrower and its Subsidiaries taken as a whole, including,
without limitation, filing of applications for renewal,
affidavits of use and affidavits of incontestability.
(h) In the event that any Intellectual Property material to the
business of the Borrower and its Subsidiaries taken as a
whole is infringed, misappropriated or diluted by a third
party, such Grantor shall (i) take such actions as such
Grantor shall reasonably deem appropriate under the
circumstances to protect such Intellectual Property and (ii)
if such Intellectual Property is of material economic value,
promptly notify the Administrative Agent after it learns
thereof and sue for infringement, misappropriation or
dilution, to seek injunctive relief where appropriate and to
recover any and all damages for such infringement,
misappropriation or dilution.
SECTION 6. REMEDIAL PROVISIONS
6.1. Certain Matters Relating to Receivables. (a) After the occurrence
and during the continuation of an Event of Default and after
prior written notice of such action to each applicable Grantor,
the Administrative Agent shall have the right to make test
verifications of the Receivables in any manner and through any
medium
18
that it reasonably considers advisable, and each Grantor shall furnish
all such assistance and information as the Administrative Agent may
reasonably require in connection with such test verifications. At any
time and from time to time, upon the Administrative Agent's request
and at the expense of the relevant Grantor (which expense shall be
reasonable), such Grantor shall cause independent public accountants
or others satisfactory to the Administrative Agent to furnish to the
Administrative Agent reports showing reconciliations, aging and test
verifications of, and trial balances for, the Receivables.
(b) The Administrative Agent hereby authorizes each Grantor to
collect such Grantor's Receivables, and the Administrative Agent
may curtail or terminate said authority at any time after the
occurrence and during the continuance of an Event of Default. If
required by the Administrative Agent at any time after the
occurrence and during the continuance of an Event of Default, any
payments of Receivables, when collected by any Grantor, (i) shall
be forthwith (and, in any event, within two Business Days)
deposited by such Grantor in the exact form received, duly
indorsed by such Grantor to the Administrative Agent if required,
in a Collateral Account maintained under the sole dominion and
control of the Administrative Agent, subject to withdrawal by the
Administrative Agent for the account of the Lenders only as
provided in Section 6.5, and (ii) until so turned over, shall be
held by such Grantor in trust for the Administrative Agent and
the Lenders, segregated from other funds of such Grantor. Each
such deposit of Proceeds of Receivables shall be accompanied by a
report identifying in reasonable detail the nature and source of
the payments included in the deposit.
(c) At the Administrative Agent's request, each Grantor shall deliver
to the Administrative Agent all original and other documents
evidencing, and relating to, the agreements and transactions
which gave rise to the Receivables, including, without
limitation, all original orders, invoices and shipping receipts.
6.2. Communications with Obligors; Grantors Remain Liable. (a) The
Administrative Agent in its own name or in the name of others may at
any time after the occurrence and during the continuance of an Event
of Default and after prior written notice of such action to each
applicable Grantor communicate with obligors under the Receivables to
verify with them to the Administrative Agent's satisfaction the
existence, amount and terms of any Receivables.
(b) Upon the request of the Administrative Agent at any time after
the occurrence and during the continuance of an Event of Default
and after prior written notice of such action to each applicable
Grantor, each Grantor shall notify obligors on the Receivables
that the Receivables have been assigned to the Administrative
Agent for the ratable benefit of the Lead Agents and the Lenders
and that payments in respect thereof shall be made directly to
the Administrative Agent.
19
(c) Anything herein to the contrary notwithstanding, each Grantor
shall remain liable under each of the Receivables to observe and
perform all the conditions and obligations to be observed and
performed by it thereunder, all in accordance with the terms of
any agreement giving rise thereto. No Lead Agent or Lender shall
have any obligation or liability under any Receivable (or any
agreement giving rise thereto) by reason of or arising out of
this Agreement or the receipt by any Lead Agent or any Lender of
any payment relating thereto, nor shall any Lead Agent or any
Lender be obligated in any manner to perform any of the
obligations of any Grantor under or pursuant to any Receivable
(or any agreement giving rise thereto), to make any payment, to
make any inquiry as to the nature or the sufficiency of any
payment received by it or as to the sufficiency of any
performance by any party thereunder, to present or file any
claim, to take any action to enforce any performance or to
collect the payment of any amounts which may have been assigned
to it or to which it may be entitled at any time or times.
6.3. Pledged Stock. (a) Unless an Event of Default shall have occurred and
be continuing and the Administrative Agent shall have given notice to
the relevant Grantor of the Administrative Agent's intent to exercise
its corresponding rights pursuant to Section 6.3(b), each Grantor
shall be permitted to receive all cash dividends and distributions
paid in respect of the Pledged Stock and all payments made in respect
of the Pledged Notes, to the extent permitted in the Credit Agreement,
and to exercise all voting and corporate or other organizational
rights with respect to the Investment Property; provided, however,
that no vote shall be cast or corporate or other organizational right
exercised or other action taken which, in the Administrative Agent's
reasonable judgment, would materially and adversely impair the
Collateral or which would be materially inconsistent with or result in
any material violation of any provision of the Credit Agreement, this
Agreement or any other Loan Document.
(b) If an Event of Default shall occur and be continuing and the
Administrative Agent shall give notice of its intent to exercise
such rights to the relevant Grantor or Grantors, (i) the
Administrative Agent shall have the right to receive any and all
cash dividends, payments or other Proceeds paid in respect of the
Investment Property and make application thereof to the
Obligations in the order set forth in Section 6.5, and (ii) any
or all of the Investment Property shall be registered in the name
of the Administrative Agent or its nominee, and the
Administrative Agent or its nominee may thereafter exercise (1)
all voting, corporate and other rights pertaining to such
Investment Property at any meeting of shareholders of the
relevant Issuer or Issuers or otherwise and (2) any and all
rights of conversion, exchange and subscription and any other
rights, privileges or options pertaining to such Investment
Property as if it were the absolute owner thereof (including,
without limitation, the right to exchange at its discretion any
and all of the Investment Property upon the merger,
consolidation, reorganization, recapitalization or other
fundamental
20
change in the corporate or other organizational structure of any
Issuer, or upon the exercise by any Grantor or the Administrative
Agent of any right, privilege or option pertaining to such
Investment Property, and in connection therewith, the right to
deposit and deliver any and all of the Investment Property with
any committee, depositary, transfer agent, registrar or other
designated agency upon such terms and conditions as the
Administrative Agent may determine), all without liability except
to account for property actually received by it, but the
Administrative Agent shall have no duty to any Grantor to
exercise any such right, privilege or option and shall not be
responsible for any failure to do so or delay in so doing.
(c) Each Grantor hereby authorizes and instructs each Issuer of any
Investment Property pledged by such Grantor hereunder to (i)
comply with any instruction received by it from the
Administrative Agent in writing that (1) states that an Event of
Default has occurred and is continuing and (2) is otherwise in
accordance with the terms of this Agreement, without any other or
further instructions from such Grantor, and each Grantor agrees
that each Issuer shall be fully protected in so complying, and
(ii) unless otherwise expressly permitted hereby, pay any
dividends or other payments with respect to the Investment
Property directly to the Administrative Agent.
6.4. Proceeds to be Turned Over to Administrative Agent. In addition to the
rights of the Lead Agents and the Lenders specified in Section 6.1
with respect to payments of Receivables, if an Event of Default shall
occur and be continuing and the Administrative Agent shall give notice
of its intent to exercise its rights pursuant to this Section 6.4 to
the relevant Grantor or Grantors, the Administrative Agent shall have
the right to receive all Proceeds received by any Grantor consisting
of cash, checks and other near-cash items shall be held by such
Grantor in trust for the Lead Agents and the Lenders, segregated from
other funds of such Grantor, and shall, forthwith upon receipt by such
Grantor, be turned over to the Administrative Agent in the exact form
received by such Grantor (duly indorsed by such Grantor to the
Administrative Agent, if required). All Proceeds received by the
Administrative Agent hereunder shall be held by the Administrative
Agent in a Collateral Account maintained under its sole dominion and
control. All Proceeds while held by the Administrative Agent in a
Collateral Account (or by such Grantor in trust for the Administrative
Agent and the Lenders) shall continue to be held as collateral
security for all the Obligations and shall not constitute payment
thereof until applied as provided in Section 6.5.
6.5. Application of Proceeds. At such intervals as may be agreed upon by
the Borrower and the Administrative Agent, or, if an Event of Default
shall have occurred and be continuing, at any time at the
Administrative Agent's election, the Administrative Agent may apply
all or any part of Proceeds constituting Collateral, whether or not
held in any Collateral Account, and any proceeds of the
21
guarantee set forth in Section 2, in payment of the Obligations in the
following order:
First, to pay incurred and unpaid fees and expenses of the
Administrative Agent under the Loan Documents;
Second, to the Administrative Agent, for application by it
towards payment of amounts then due and owing and remaining unpaid in
respect of the Obligations, pro rata among the Lead Agents and the
Lenders according to the amounts of the Obligations then due and owing
and remaining unpaid to the Lead Agents and the Lenders;
Third, to the Administrative Agent, for application by it towards
prepayment of the Obligations, pro rata among the Lead Agents and
Lenders according to the amounts of the Obligations then held by the
Lead Agents and the Lenders; and
Fourth, any balance of such Proceeds remaining after the then
outstanding Obligations shall have been paid in full (excluding
contingent indemnification obligations or obligations with respect to
Specified Hedge Agreements), no Letters of Credit shall be outstanding
and the Commitments shall have been terminated shall be paid over to
the Borrower or to whomsoever may be lawfully entitled to receive the
same.
6.6. Code and Other Remedies. If an Event of Default shall occur and be
continuing, the Administrative Agent, on behalf of the Lenders, may
exercise, in addition to all other rights and remedies granted to them
in this Agreement and in any other instrument or agreement securing,
evidencing or relating to the Obligations, all rights and remedies of
a secured party under the New York UCC or any other applicable law.
Without limiting the generality of the foregoing, the Administrative
Agent, without demand of performance or other demand, presentment,
protest, advertisement or notice of any kind (except any notice
required by law referred to below) to or upon any Grantor or any other
Person (all and each of which demands, defenses, advertisements and
notices are hereby waived to the extent not prohibited by applicable
law or statute), may in such circumstances forthwith collect, receive,
appropriate and realize upon the Collateral, or any part thereof,
and/or may forthwith sell, lease, assign, give option or options to
purchase, or otherwise dispose of and deliver the Collateral or any
part thereof (or contract to do any of the foregoing), in one or more
parcels at public or private sale or sales, at any exchange, broker's
board or office of any Lead Agent or any Lender or elsewhere upon such
terms and conditions as it may deem advisable and at such prices as it
may deem commercially reasonable, for cash or on credit or for future
delivery without assumption of any credit risk. Any Lead Agent or any
Lender shall have the right upon any such public sale or sales, and,
to the extent permitted by law, upon any such private sale or sales,
to purchase the whole or any part of the Collateral so sold, free of
any right or equity of redemption in any Grantor, which right or
equity is hereby waived and released
22
to the extent not prohibited by applicable law or statute. Each
Grantor further agrees, at the Administrative Agent's request, to
assemble the Collateral and make it available to the Administrative
Agent at places which the Administrative Agent shall reasonably
select, whether at such Grantor's premises or elsewhere. The
Administrative Agent shall apply the net proceeds of any action taken
by it pursuant to this Section 6.6, after deducting all reasonable,
out-of-pocket costs and expenses of every kind incurred in connection
therewith or incidental to the care or safekeeping of any of the
Collateral or in any way relating to the Collateral or the rights of
the Administrative Agent and the Lenders hereunder, including, without
limitation, reasonable attorneys' fees and disbursements of one
counsel to the Lead Agents (unless there is an actual or perceived
conflict of interest in which case each Lead Agent affected thereby
may retain its own counsel) and one counsel for the Lenders (unless
there is an actual or perceived conflict of interest in which case
each Lender affected thereby may retain its own counsel), to the
payment in whole or in part of the Obligations, in such order as set
forth in Section 6.5, and only after such application and after the
payment by the Administrative Agent of any other amount required by
any provision of law, including, without limitation, Section
9-615(a)(3) of the New York UCC, need the Administrative Agent account
for the surplus, if any, to any Grantor. To the extent permitted by
applicable law, each Grantor waives all claims, damages and demands it
may acquire against any Lead Agent or any Lender arising out of the
exercise by them of any rights hereunder. If any notice of a proposed
sale or other disposition of Collateral shall be required by law, such
notice shall be deemed reasonable and proper if given at least 10 days
before such sale or other disposition.
6.7. Registration Rights. (a) If the Administrative Agent shall determine
to exercise its right to sell any or all of the Pledged Stock pursuant
to Section 6.6, and if in the opinion of the Administrative Agent it
is necessary or advisable to have the Pledged Stock, or that portion
thereof to be sold, registered under the provisions of the Securities
Act, the relevant Grantor will cause (and in the case of an Issuer
that is not a Wholly Owned Subsidiary of such Grantor, such Grantor
will use its commercially reasonable efforts to cause) the Issuer
thereof to (i) execute and deliver, and cause the directors and
officers of such Issuer to execute and deliver, all such instruments
and documents, and do or cause to be done all such other acts as may
be, in the opinion of the Administrative Agent, necessary or advisable
to register the Pledged Stock, or that portion thereof to be sold,
under the provisions of the Securities Act, (ii) use its best efforts
to cause the registration statement relating thereto to become
effective and to remain effective for a period of one year from the
date of the first public offering of the Pledged Stock, or that
portion thereof to be sold, and (iii) make all amendments thereto
and/or to the related prospectus which, in the opinion of the
Administrative Agent, are necessary or advisable, all in conformity
with the requirements of the Securities Act and the rules and
regulations of the Securities and Exchange Commission applicable
thereto. Each Grantor agrees to cause (and in the case of an Issuer
that is not a Wholly Owned Subsidiary of such Grantor, such Grantor
will use its commercially reasonable efforts to cause) such Issuer to
comply with the
23
provisions of the securities or "Blue Sky" laws of any and all
jurisdictions which the Administrative Agent shall designate and to
make available to its security holders, as soon as practicable, an
earnings statement (which need not be audited) which will satisfy the
provisions of Section 11(a) of the Securities Act.
(b) Each Grantor recognizes that the Administrative Agent may be
unable to effect a public sale of any or all the Pledged Stock,
by reason of certain prohibitions contained in the Securities Act
and applicable state securities laws or otherwise, and may be
compelled to resort to one or more private sales thereof to a
restricted group of purchasers which will be obliged to agree,
among other things, to acquire such securities for their own
account for investment and not with a view to the distribution or
resale thereof. Each Grantor acknowledges and agrees that any
such private sale may result in prices and other terms less
favorable than if such sale were a public sale and,
notwithstanding such circumstances, agrees that any such private
sale shall be deemed to have been made in a commercially
reasonable manner. The Administrative Agent shall be under no
obligation to delay a sale of any of the Pledged Stock for the
period of time necessary to permit the Issuer thereof to register
such securities for public sale under the Securities Act, or
under applicable state securities laws, even if such Issuer would
agree to do so.
(c) Each Grantor agrees to use its best efforts to do or cause (and
in the case of an Issuer that is not a Wholly Owned Subsidiary of
such Grantor, such Grantor will use its commercially reasonable
efforts to cause) to be done all such other acts as may be
necessary to make such sale or sales of all or any portion of the
Pledged Stock pursuant to this Section 6.7 valid and binding and
in compliance with any and all other applicable Requirements of
Law. Each Grantor further agrees that a breach of any of the
covenants contained in this Section 6.7 will cause irreparable
injury to the Lead Agents and the Lenders, that the Lead Agents
and the Lenders have no adequate remedy at law in respect of such
breach and, as a consequence, that each and every covenant
contained in this Section 6.7 shall be specifically enforceable
against such Grantor, and such Grantor hereby waives (to the
extent not prohibited by applicable law) and agrees not to assert
any defenses against an action for specific performance of such
covenants except for a defense that no Event of Default has
occurred under the Credit Agreement.
6.8. Deficiency. Each Grantor shall remain liable for any deficiency if the
proceeds of any sale or other disposition of the Collateral are
insufficient to pay its Obligations and the fees and disbursements of
one counsel to each Lead Agent and one counsel for the Lenders (unless
there is an actual or perceived conflict of interest in which case
each Lender affected thereby may retain its own counsel).
24
SECTION 7. THE ADMINISTRATIVE AGENT
7.1. Administrative Agent's Appointment as Attorney-in-Fact, etc. (a) Each
Grantor hereby irrevocably constitutes and appoints the Administrative
Agent and any officer or agent thereof, with full power of
substitution, as its true and lawful attorney-in-fact with full
irrevocable power and authority in the place and stead of such Grantor
and in the name of such Grantor or in its own name, for the purpose of
carrying out the terms of this Agreement, to take any and all
appropriate action and to execute any and all documents and
instruments which may be necessary or desirable to accomplish the
purposes of this Agreement, and, without limiting the generality of
the foregoing, each Grantor hereby gives the Administrative Agent the
power and right, on behalf of such Grantor, without notice to or
assent by such Grantor, to do any or all of the following:
(i) in the name of such Grantor or its own name, or otherwise,
take possession of and indorse and collect any checks,
drafts, notes, acceptances or other instruments for the
payment of moneys due under any Receivable or with respect
to any other Collateral and file any claim or take any
other action or proceeding in any court of law or equity
or otherwise deemed appropriate by the Administrative
Agent for the purpose of collecting any and all such
moneys due under any Receivable or with respect to any
other Collateral whenever payable;
(ii) in the case of any Intellectual Property, execute and
deliver, and have recorded, any and all agreements,
instruments, documents and papers as the Administrative
Agent may request to evidence the Lead Agents' and the
Lenders' security interest in such Intellectual Property
and the goodwill and general intangibles of such Grantor
relating thereto or represented thereby;
(iii) pay or discharge taxes and Liens levied or placed on or
threatened against the Collateral, effect any repairs or
any insurance called for by the terms of this Agreement
and pay all or any part of the premiums therefor and the
costs thereof;
(iv) execute, in connection with any sale provided for in
Section 6.6 or 6.7, any indorsements, assignments or other
instruments of conveyance or transfer with respect to the
Collateral; and
(v) (1) direct any party liable for any payment under any of
the Collateral to make payment of any and all moneys due
or to become due thereunder directly to the Administrative
Agent or as the Administrative Agent shall direct; (2) ask
or demand for, collect, and receive payment of and receipt
for, any and all moneys, claims and other amounts due or
to become due at any time in respect of or arising out of
any Collateral; (3) sign and
25
indorse any invoices, freight or express bills, bills
of lading, storage or warehouse receipts, drafts
against debtors, assignments, verifications, notices
and other documents in connection with any of the
Collateral;(4) commence and prosecute any suits,
actions or proceedings at law or in equity in any court
of competent jurisdiction to collect the Collateral or
any portion thereof and to enforce any other right in
respect of any Collateral; (5) defend any suit, action
or proceeding brought against such Grantor with respect
to any Collateral; (6) settle, compromise or adjust any
such suit, action or proceeding and, in connection
therewith, give such discharges or releases as the
Administrative Agent may deem appropriate; (7) assign
any Copyright, Patent or Trademark (along with the
goodwill of the business to which any such Copyright,
Patent or Trademark pertains), throughout the world for
such term or terms, on such conditions, and in such
manner, as the Administrative Agent shall in its sole
discretion determine; and (8) generally, sell,
transfer, pledge and make any agreement with respect to
or otherwise deal with any of the Collateral as fully
and completely as though the Administrative Agent were
the absolute owner thereof for all purposes, and do, at
the Administrative Agent's option and such Grantor's
expense, at any time, or from time to time, all acts
and things which the Administrative Agent deems
necessary to protect, preserve or realize upon the
Collateral and the Administrative Agent's and the
Lenders' security interests therein and to effect the
intent of this Agreement, all as fully and effectively
as such Grantor might do.
Anything in this Section 7.1 (a) to the contrary notwithstanding, the
Administrative Agent agrees that it will not exercise any rights under
the power of attorney provided for in this Section 7.1(a) unless an
Event of Default shall have occurred and be continuing.
(b) If any Grantor fails to perform or comply with any of its
agreements contained herein, the Administrative Agent, at
its option, but without any obligation so to do, may, after
the occurrence and during the continuance of an Event of
Default, perform or comply, or otherwise cause performance
or compliance, with such agreement.
(c) The reasonable, out-of-pocket expenses of the Administrative
Agent incurred in connection with actions undertaken as
provided in this Section 7.1, together with interest thereon
at a rate per annum equal to the rate per annum at which
interest would then be payable on past due Revolving Credit
Loans that are Base Rate Loans under the Credit Agreement,
from the date the applicable Grantor receives an invoice
(with reasonable detail) for such expenses from the
Administrative Agent to the date reimbursed by the relevant
Grantor, shall be payable by such Grantor to the
Administrative Agent on demand.
26
(d) Each Grantor hereby ratifies all that said attorneys
shall lawfully do or cause to be done by virtue
hereof. All powers, authorizations and agencies
contained in this Agreement are coupled with an
interest and are irrevocable until this Agreement is
terminated and the security interests created hereby
are released.
7.2. Duty of Administrative Agent. The Administrative Agent's sole
duty with respect to the custody, safekeeping and physical
preservation of the Collateral in its possession, under
Section 9-207 of the New York UCC or otherwise, shall be to
deal with it in the same manner as the Administrative Agent
deals with similar property for its own account. Neither the
Administrative Agent, any Lender nor any of their respective
officers, directors, employees or agents shall be liable for
failure to demand, collect or realize upon any of the
Collateral or for any delay in doing so or shall be under any
obligation to sell or otherwise dispose of any Collateral upon
the request of any Grantor or any other Person or to take any
other action whatsoever with regard to the Collateral or any
part thereof. The powers conferred on the Lead Agents and the
Lenders hereunder are solely to protect the Lead Agents' and
the Lenders' interests in the Collateral and shall not impose
any duty upon any Lead Agent or any Lender to exercise any
such powers. The Lead Agents and the Lenders shall be
accountable only for amounts that they actually receive as a
result of the exercise of such powers, and neither they nor
any of their officers, directors, employees or agents shall be
responsible to any Grantor for any act or failure to act
hereunder, except for their own gross negligence or willful
misconduct.
7.3. Execution of Financing Statements. Pursuant to any applicable
law, each Grantor authorizes the Administrative Agent to file
or record financing statements and other filing or recording
documents or instruments with respect to the Collateral
without the signature of such Grantor in such form and in such
offices as the Administrative Agent determines appropriate to
perfect the security interests of the Administrative Agent
under this Agreement. Each Grantor authorizes the
Administrative Agent to use the collateral description "all
personal property [except for ______]" in any such financing
statements. Each Grantor hereby ratifies and authorizes the
filing by the Administrative Agent of any financing statement
with respect to the Collateral made prior to the date hereof.
7.4. Authority of Administrative Agent. Each Grantor acknowledges
that the rights and responsibilities of the Administrative
Agent under this Agreement with respect to any action taken by
the Administrative Agent or the exercise or non-exercise by
the Administrative Agent of any option, voting right, request,
judgment or other right or remedy provided for herein or
resulting or arising out of this Agreement shall, as between
the Lead Agents and the Lenders, be governed by the Credit
Agreement and by such other agreements with respect thereto as
may exist from time to time among them, but, as between the
Administrative Agent and the Grantors, the Administrative
Agent shall be conclusively presumed to be acting as agent for
the Lead Agents and the Lenders with full and valid authority
so to act or refrain from acting, and no Grantor shall
27
be under any obligation, or entitlement, to make any inquiry
respecting such authority.
SECTION 8. MISCELLANEOUS
8.1. Amendments in Writing. None of the terms or provisions of
this Agreement may be waived, amended, supplemented or
otherwise modified except in accordance with Section 11.1 of
the Credit Agreement.
8.2. Notices. All notices, requests and demands to or upon the
Administrative Agent or any Grantor hereunder shall be
effected in the manner provided for in Section 11.2 of the
Credit Agreement; provided that any such notice, request or
demand to or upon any Guarantor shall be addressed to such
Guarantor at its notice address set forth on Schedule 1.
8.3. No Waiver by Course of Conduct; Cumulative Remedies. No Lead
Agent or Lender shall by any act (except by a written
instrument pursuant to Section 8.1), delay, indulgence,
omission or otherwise be deemed to have waived any right or
remedy hereunder or to have acquiesced in any Default or Event
of Default. No failure to exercise, nor any delay in
exercising, on the part of any Lead Agent or any Lender, any
right, power or privilege hereunder shall operate as a waiver
thereof. No single or partial exercise of any right, power or
privilege hereunder shall preclude any other or further
exercise thereof or the exercise of any other right, power or
privilege. A waiver by any Lead Agent or any Lender of any
right or remedy hereunder on any one occasion shall not be
construed as a bar to any right or remedy which such Lead
Agent or such Lender would otherwise have on any future
occasion. The rights and remedies herein provided are
cumulative, may be exercised singly or concurrently and are
not exclusive of any other rights or remedies provided by law.
8.4. Enforcement Expenses; Indemnification. (a) Each Guarantor
agrees to pay, or reimburse each Lender and Lead Agent for,
all its reasonable, out-of-pocket costs and expenses incurred
in collecting against such Guarantor under the guarantee
contained in Section 2 or otherwise enforcing or preserving
any rights under this Agreement and the other Loan Documents
to which such Guarantor is a party, including, without
limitation, the fees and disbursements of one counsel to each
Lead Agent and one counsel for the Lenders (unless there is an
actual or perceived conflict of interest in which case each
Lender affected thereby may retain its own counsel).
(b) Each Guarantor agrees to pay, and to save the Lead
Agents and the Lenders harmless from, any and all
liabilities with respect to, or resulting from any delay
in paying, any and all stamp, excise, sales or other
taxes which may be payable or determined to be payable
with respect to any of the Collateral or in connection
with any of the transactions contemplated by this
Agreement.
28
(c) Each Guarantor agrees to pay, and to save the Lead
Agents and the Lenders harmless from, any and all
liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or
disbursements of any kind or nature whatsoever with
respect to the execution, delivery, enforcement,
performance and administration of this Agreement to the
extent the Borrower would be required to do so pursuant
to Section 11.5 of the Credit Agreement.
(d) The agreements in this Section shall survive repayment
of the Obligations and all other amounts payable under
the Credit Agreement and the other Loan Documents.
8.5. Successors and Assigns. This Agreement shall be binding upon
the permitted successors and assigns of each Grantor and shall
inure to the benefit of the Lead Agents and the Lenders and
their permitted successors and assigns; provided that no
Grantor may assign, transfer or delegate any of its rights or
obligations under this Agreement without the prior written
consent of the Administrative Agent.
8.6. Set-Off. Each Grantor hereby irrevocably authorizes each Lead
Agent and each Lender at any time and from time to time while
an Event of Default pursuant to Section 9(a) of the Credit
Agreement shall have occurred and be continuing, without
notice to such Grantor or any other Grantor, any such notice
being expressly waived by each Grantor, to the extent
permitted by applicable law upon any amount to the extent due
and payable by such Grantor (whether at the stated maturity,
by acceleration or otherwise), to set-off and appropriate and
apply any and all deposits (general or special, time or
demand, provisional or final, other than payroll or trust
accounts), in any currency, and any other credits,
indebtedness or claims, in any currency, in each case whether
direct or indirect, absolute or contingent, matured or
unmatured, at any time held or owing by such Lead Agent or
such Lender or any branch or agency thereof to or for the
credit or the account of such Grantor. Each Lead Agent and
each Lender shall notify such Grantor promptly of any such
set-off and the application made by such Lead Agent or such
Lender of the proceeds thereof, provided that the failure to
give such notice shall not affect the validity of such set-off
and application. The rights of each Lead Agent and each Lender
under this Section are in addition to other rights and
remedies (including, without limitation, other rights of
set-off) which such Lead Agent or such Lender may have.
8.7. Counterparts. This Agreement may be executed by one or more
of the parties to this Agreement on any number of separate
counterparts (including by telecopy), and all of said
counterparts taken together shall be deemed to constitute one
and the same instrument.
8.8. Severability. Any provision of this Agreement which is
prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such
prohibition or unenforceability without invalidating the
remaining provisions hereof, and any such prohibition or
unenforceability in any
29
jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction.
8.9. Section Headings. The Section headings used in this Agreement
are for convenience of reference only and are not to affect
the construction hereof or be taken into consideration in the
interpretation hereof.
8.10. Integration. This Agreement and the other Loan Documents
represent the agreement of the Grantors, the Lead Agents and
the Lenders with respect to the subject matter hereof and
thereof, and there are no promises, undertakings,
representations or warranties by any Lead Agent or any Lender
relative to subject matter hereof and thereof not expressly
set forth or referred to herein or in the other Loan
Documents.
8.11. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK.
8.12. Submission To Jurisdiction; Waivers. Each Grantor hereby
irrevocably and unconditionally:
(a) submits for itself and its property in any legal action
or proceeding relating to this Agreement and the other
Loan Documents to which it is a party, or for
recognition and enforcement of any judgment in respect
thereof, to the non-exclusive general jurisdiction of
the Courts of the State of New York, the courts of the
United States of America for the Southern District of
New York, and appellate courts from any thereof;
(b) consents that any such action or proceeding may be
brought in such courts and waives any objection that it
may now or hereafter have to the venue of any such
action or proceeding in any such court or that such
action or proceeding was brought in an inconvenient
court and agrees not to plead or claim the same;
(c) agrees that service of process in any such action or
proceeding may be effected by mailing a copy thereof by
registered or certified mail (or any substantially
similar form of mail), postage prepaid, to such Grantor
at its address referred to in Section 8.2 or at such
other address of which the Administrative Agent shall
have been notified pursuant thereto;
(d) agrees that nothing herein shall affect the right to
effect service of process in any other manner permitted
by law or shall limit the right to sue in any other
jurisdiction; and
(e) waives, to the maximum extent not prohibited by law, any
right it may have to claim or recover in any legal
action or proceeding referred to in this Section any
special, exemplary, punitive or consequential damages.
30
8.13. Acknowledgements. Each Grantor hereby acknowledges that:
(a) it has been advised by counsel in the negotiation,
execution and delivery of this Agreement and the
other Loan Documents to which it is a party;
(b) no Lead Agent or Lender has any fiduciary
relationship with or duty to any Grantor arising out
of or in connection with this Agreement or any of the
other Loan Documents, and the relationship between
the Grantors, on the one hand, and the Lead Agents
and Lenders, on the other hand, in connection
herewith or therewith is solely that of debtor and
creditor; and
(c) no joint venture is created hereby or by the other
Loan Documents or otherwise exists by virtue of the
transactions contemplated hereby among the Lenders or
among the Grantors and the Lenders.
8.14. Additional Grantors. Each Subsidiary of the Borrower that is
required to become a party to this Agreement pursuant to
Section 7.10 of the Credit Agreement shall become a Grantor
for all purposes of this Agreement upon execution and
delivery by such Subsidiary of an Assumption Agreement in the
form of Annex 1 hereto.
8.15. Releases. (a) At such time as the Loans, the Reimbursement
Obligations and the other Obligations (excluding contingent
indemnification obligations or obligations with respect to
Specified Hedge Agreements) shall have been paid in full, the
Commitments have been terminated and no Letters of Credit
shall be outstanding, the Collateral shall be released from
the Liens created hereby, and this Agreement and all
obligations (other than those expressly stated to survive
such termination) of the Administrative Agent and each
Grantor hereunder shall terminate, all without delivery of
any instrument or performance of any act by any party, and
all rights to the Collateral shall revert to the Grantors. At
the request and sole expense of any Grantor following any
such termination, the Administrative Agent shall promptly
deliver to such Grantor any Collateral held by the
Administrative Agent hereunder, and promptly execute and
deliver to such Grantor such documents as such Grantor shall
reasonably request to evidence such termination.
(b) If any of the Collateral shall be sold, transferred
or otherwise disposed of by any Grantor in a
transaction permitted by the Credit Agreement, then
the Administrative Agent, at the request and sole
expense of such Grantor, shall promptly execute and
deliver to such Grantor all releases or other
documents determined to be necessary or advisable for
the release of the Liens created hereby on such
Collateral. At the request and sole expense of the
Borrower, a Subsidiary Guarantor shall be released
from its obligations hereunder in the event that all
the Capital Stock of such Subsidiary Guarantor shall
be sold, transferred or otherwise disposed of in a
transaction permitted by the Credit Agreement;
provided that the Borrower shall have delivered to
the Administrative Agent, at least five
31
Business Days prior to the date of the proposed release, written
request for release identifying the relevant Subsidiary Guarantor.
8.16. WAIVER OF JURY TRIAL. EACH GRANTOR AND, BY ACCEPTANCE OF THE BENEFITS
HEREOF, EACH LEAD AGENT AND EACH LENDER, HEREBY RREVOCABLY AND
UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING
RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY
COUNTERCLAIM THEREIN.
32
IN WITNESS WHEREOF, each of the undersigned has caused this
Guarantee and Collateral Agreement to be duly executed and delivered as of the
date first above written.
ROUNDY'S INC.
By: /s/ Edward G. Kitz
---------------------
Name:
Title:
ROUNDY'S ACQUISITION CORP.
By: /s/ Robert A. Mariano
----------------------
Name:
Title:
CARDINAL FOODS, INC.
By: /s/ Edward G. Kitz
---------------------
Name:
Title:
THE COPPS CORPORATION
By: /s/ Edward G. Kitz
----------------------
Name:
Title:
33
HOLT PUBLIC STORAGE
By: /s/ Edward G. Kitz
-----------------------
Name:
Title:
INSURANCE PLANNERS, INC.
By: /s/ Edward G. Kitz
-----------------------
Name:
Title:
I.T.A., INC.
By: /s/ Edward G. Kitz
-----------------------
Name:
Title:
JONDEX CORP.
By: /s/ Edward G. Kitz
-----------------------
Name:
Title:
KEE TRANS, INC.
By: /s/ Edward G. Kitz
-----------------------
Name:
Title:
34
MEGA MARTS, INC.
By: /s/ Edward G. Kitz
-------------------------
Name:
Title:
THE MIDLAND GROCERY CO.
By: /s/ Edward G. Kitz
-------------------------
Name:
Title:
MIDLAND GROCERY OF MICHIGAN, INC.
By: /s/ Edward G. Kitz
-------------------------
Name:
Title:
PICK `N SAVE WAREHOUSE FOODS, INC.
By: /s/ Edward G. Kitz
--------------------------
Name:
Title:
RINDT ENTERPRISE, INC.
By: /s/ Edward G. Kitz
--------------------------
Name:
Title:
35
ROPAK, INC.
By: /s/ Edward G. Kitz
---------------------------
Name:
Title:
SCOT LAD FOODS, INC.
By: /s/ Edward G. Kitz
----------------------------
Name:
Title:
SCOT LAD-LIMA, INC.
By: /s/ Edward G. Kitz
----------------------------
Name:
Title:
SHOP-RITE, INC.
By: /s/ Edward G. Kitz
----------------------------
Name:
Title:
SPRING LAKE MERCHANDISE, INC.
By: /s/ Edward G. Kitz
----------------------------
Name:
Title:
36
ULTRA MART FOODS, INC.
By: /s/ Edward G. Kitz
----------------------
Name:
Title:
VILLAGE MARKET, LLC
By: /s/ Edward G. Kitz
----------------------
Name:
Title:
By: /s/ Edward G. Kitz
----------------------
Name:
Title:
Schedule 1
NOTICE ADDRESSES OF GUARANTORS
23000 Roundy Drive
Pewaukee, Wisconsin 53072
Attention: Edward G. Kitz
Telecopy: (262) 953-7979
Telephone: (262) 953-7999
with a copy to:
Kirkland & Ellis
200 E. Randolph Drive
Chicago, IL 60601
Attention: John A. Weissenbach
Telecopy: (312) 861-2200
Telephone: (312) 861-2000
Schedule 2
----------
DESCRIPTION OF INVESTMENT PROPERTY
Pledged Stock
- -----------------------------------------------------------------------------------------------------
ISSUED AND
AUTHORIZED OUTSTANDING
STATE OF SHARES OF SHARES OF
NAME INCORPORATION STOCK STOCK OWNER
------------------- ------------- ----------------- ------------ --------------------
- -----------------------------------------------------------------------------------------------------
Roundy's, Inc. Wisconsin 1,000 Common 1,000 Roundy's Acquisition
Corp.
- -----------------------------------------------------------------------------------------------------
Badger Bermuda 120,000 Common 120,000 Roundy's, Inc.
Assurance Ltd. (only 66% of
which will
be pledged)
- -----------------------------------------------------------------------------------------------------
Cardinal Foods, Delaware 750 Common 500 Scot Lad Foods, Inc.
Inc.
- -----------------------------------------------------------------------------------------------------
The Copps Wisconsin 2,500 Common 1,500 Roundy's, Inc.
Corporation
- -----------------------------------------------------------------------------------------------------
Holt Public Wisconsin 2,800 Common 1,000 Roundy's, Inc.
Storage Inc.
- -----------------------------------------------------------------------------------------------------
Insurance Wisconsin 1,000 Common 1,000 Ropak Inc.
Planners, Inc.
- -----------------------------------------------------------------------------------------------------
I.T.A., Inc. Wisconsin 2,800 Common 1,000 Roundy's, Inc.
- -----------------------------------------------------------------------------------------------------
Jondex Corp. Wisconsin 2,000 Common 1,000 Roundy's, Inc.
- -----------------------------------------------------------------------------------------------------
Kee Trans, Inc. Wisconsin 2,800 Common 1,000 Roundy's, Inc.
- -----------------------------------------------------------------------------------------------------
Mega Marts, Inc. Wisconsin 35,800,000 Common 5,800,000 Roundy's, Inc.
- -----------------------------------------------------------------------------------------------------
The Midland Ohio 1,860 Common 100 Shop-Rite, Inc.
Grocery 5,000 Series B 210 Cardinal Foods, Inc.
Company Preferred
- -----------------------------------------------------------------------------------------------------
Midland Grocery Michigan 500 Common 100 Roundy's, Inc.
of Michigan, Inc.
- -----------------------------------------------------------------------------------------------------
Pick `n Save Wisconsin 2,500 Common 1,000 Ropak Inc.
Warehouse
Foods, Inc.
- -----------------------------------------------------------------------------------------------------
Rindt Wisconsin 9,000 Common 1,000 Ropak Inc.
Enterprises, Inc.
- -----------------------------------------------------------------------------------------------------
Ropak Inc. Wisconsin 2,000 Common 1,250 Roundy's, Inc.
- -----------------------------------------------------------------------------------------------------
Scot Lad Foods, Inc. Wisconsin 2,800 Common 110 Roundy's, Inc.
- -----------------------------------------------------------------------------------------------------
Scot Lad-Lima, Inc. Ohio 750 Common 100 Scot Lad Foods, Inc.
- -----------------------------------------------------------------------------------------------------
Shop-Rite, Inc. Wisconsin 2,500 Common 892 Ropak Inc.
- -----------------------------------------------------------------------------------------------------
Spring Lake Ohio 750 Common 100 Scot Lad Foods, Inc.
Merchandise, Inc.
- -----------------------------------------------------------------------------------------------------
2
ISSUED AND
AUTHORIZED OUTSTANDING
STATE OF SHARES OF SHARES OF
NAME INCORPORATION STOCK STOCK OWNER
- ---------------------- ----------------------- ---------------------- ---------------------- -------------------------
Ultra Mart Wisconsin 100 Common 100 Roundy's, Inc.
Foods, Inc.
- ----------------------------------------------------------------------------------------------------------------------
Village Market, LLC Indiana N/A Uncertificated Shop-Rite, Inc.
ownership Interests (Managing Member)
Shop-Rite, Inc. Scot-Lad Foods, Inc.
(1 Unit) (Member)
Scot Lad Foods, Inc.
(99 Units)
- ----------------------------------------------------------------------------------------------------------------------
Pledged Notes:
None
3
Schedule 3
FILINGS AND OTHER ACTIONS
REQUIRED TO PERFECT SECURITY INTERESTS
Uniform Commercial Code Filings
FILING LOCATIONS
- ----------------------------------------------------------------------------------------------------------------------
Debtor Jurisdiction Filing Office
- ----------------------------------------------------------------------------------------------------------------------
Roundy's, Inc. Wisconsin Wisconsin Department of Financial Institutions
- ----------------------------------------------------------------------------------------------------------------------
Roundy's Acquisition Corp. Delaware Secretary of State of the State of Delaware
- ----------------------------------------------------------------------------------------------------------------------
Cardinal Foods, Inc. Delaware Secretary of State of the State of Delaware
- ----------------------------------------------------------------------------------------------------------------------
The Copps Corporation Wisconsin Wisconsin Department of Financial Institutions
- ----------------------------------------------------------------------------------------------------------------------
Holt Public Storage Inc. Wisconsin Wisconsin Department of Financial Institutions
- ----------------------------------------------------------------------------------------------------------------------
Insurance Planners, Inc. Wisconsin Wisconsin Department of Financial Institutions
- ----------------------------------------------------------------------------------------------------------------------
I.T.A., Inc. Wisconsin Wisconsin Department of Financial Institutions
- ----------------------------------------------------------------------------------------------------------------------
Jondex Corp. Wisconsin Wisconsin Department of Financial Institutions
- ----------------------------------------------------------------------------------------------------------------------
Kee Trans, Inc. Wisconsin Wisconsin Department of Financial Institutions
- ----------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. Wisconsin Wisconsin Department of Financial Institutions
- ----------------------------------------------------------------------------------------------------------------------
The Midland Grocery Co. Ohio Secretary of State of the State of Ohio
- ----------------------------------------------------------------------------------------------------------------------
Midland Grocery of Michigan, Inc. Michigan Michigan Department of State, UCC Unit
- ----------------------------------------------------------------------------------------------------------------------
Pick `N Save Warehouse Foods, Inc. Wisconsin Wisconsin Department of Financial Institutions
- ----------------------------------------------------------------------------------------------------------------------
Rindt Enterprises, Inc. Wisconsin Wisconsin Department of Financial Institutions
- ----------------------------------------------------------------------------------------------------------------------
Ropak Inc. Wisconsin Wisconsin Department of Financial Institutions
- ----------------------------------------------------------------------------------------------------------------------
Scot Lad Foods, Inc. Wisconsin Wisconsin Department of Financial Institutions
- ----------------------------------------------------------------------------------------------------------------------
Scot Lad-Lima, Inc. Ohio Secretary of State of the State of Ohio
- ----------------------------------------------------------------------------------------------------------------------
Shop-Rite, Inc. Wisconsin Wisconsin Department of Financial Institutions
- ----------------------------------------------------------------------------------------------------------------------
Spring Lake Merchandise, Inc. Ohio Secretary of State of the State of Ohio
- ----------------------------------------------------------------------------------------------------------------------
4
- ----------------------------------------------------------------------------------------------------------------------
Debtor Jurisdiction Filing Office
- ----------------------------------------------------------------------------------------------------------------------
Roundy's, Inc. Wisconsin Wisconsin Department of Financial Institutions
- ----------------------------------------------------------------------------------------------------------------------
Roundy's Acquisition Corp. Delaware Secretary of State of the State of Delaware
- ----------------------------------------------------------------------------------------------------------------------
Ultra Mart Foods, Inc. Wisconsin Wisconsin Department of Financial Institutions
- ----------------------------------------------------------------------------------------------------------------------
Village Market, LLC Indiana Secretary of State of the State of Indiana
- ----------------------------------------------------------------------------------------------------------------------
Patent and Trademark Filings
Grant of Security Interest in Copyrights Rights, executed and delivered by The
Copps Corporation, a Wisconsin corporation, in favor of the Administrative Agent
to be filed in the United States Copyright Office
Grant of Security Interest in Copyright Rights, executed and delivered by Scot
Lad Foods, Inc., a Wisconsin corporation, in favor of the Administrative Agent
to be filed in the United States Copyright Office
Grant of Security Interest in Trademark Rights, executed and delivered by
Cardinal Foods, Inc., a Delaware corporation, in favor of the Administrative
Agent to be filed in the United States Trademark and Patent Office
Grant of Security Interest in Trademark Rights, executed and delivered by Scot
Lad Foods, Inc., a Wisconsin corporation, in favor of the Administrative Agent
to be filed in the United States Trademark and Patent Office
Grant of Security Interest in Trademark Rights, executed and delivered by The
Copps Corporation, a Wisconsin corporation, in favor of the Administrative Agent
to be filed in the United States Trademark and Patent Office
Grant of Security Interest in Trademark Rights, executed and delivered by
Roundy's, Inc., a Wisconsin corporation, in favor of the Administrative Agent to
be filed in the United States Trademark and Patent Office
5
Actions with respect to Pledged Stock
Administrative Agent takes possession of Pledged Stock listed on Schedule 2
6
Schedule 4
LOCATION OF JURISDICTION OF ORGANIZATION
AND CHIEF EXECUTIVE OFFICE
- --------------------------------------------------------------------------------
STATE OF IDENTIFICATION
NAME ORGANIZATION NUMBER
- --------------------------------------------------------------------------------
Roundy's, Inc. Wisconsin 1R04119
- --------------------------------------------------------------------------------
Roundy's Acquisition Corp. Delaware 3503625
- --------------------------------------------------------------------------------
Cardinal Foods, Inc. Delaware 2110522
- --------------------------------------------------------------------------------
The Copps Corporation Wisconsin 1C10400
- --------------------------------------------------------------------------------
Holt Public Storage Inc. Wisconsin H023974
- --------------------------------------------------------------------------------
Insurance Planners, Inc. Wisconsin 1I02836
- --------------------------------------------------------------------------------
I.T.A., Inc. Wisconsin K022601
- --------------------------------------------------------------------------------
Jondex Corp. Wisconsin 1J01342
- --------------------------------------------------------------------------------
Kee Trans, Inc. Wisconsin K022603
- --------------------------------------------------------------------------------
Mega Marts, Inc. Wisconsin M036250
- --------------------------------------------------------------------------------
The Midland Grocery Co. Ohio 17634
- --------------------------------------------------------------------------------
Midland Grocery of Michigan, Inc. Michigan 494115
- --------------------------------------------------------------------------------
Pick `N Save Warehouse Foods, Inc. Wisconsin 1P09441
- --------------------------------------------------------------------------------
Rindt Enterprises, Inc. Wisconsin 1R11395
- --------------------------------------------------------------------------------
Ropak Inc. Wisconsin 1R04036
- --------------------------------------------------------------------------------
Scot Lad Foods, Inc. Wisconsin 1L12848
- --------------------------------------------------------------------------------
Scot Lad-Lima, Inc. Ohio 847689
- --------------------------------------------------------------------------------
Shop-Rite, Inc. Wisconsin 1S15389
- --------------------------------------------------------------------------------
Spring Lake Merchandise, Inc. Ohio 732029
- --------------------------------------------------------------------------------
Ultra Mart Foods, Inc. Wisconsin 1K02886
- --------------------------------------------------------------------------------
Village Market, LLC Indiana N/A
- --------------------------------------------------------------------------------
Location of Chief Executive Office of all Grantors:
23000 Roundy Drive, Pewaukee, Wisconsin 53072
7
Schedule 5
----------
LOCATIONS OF INVENTORY AND EQUIPMENT
-------------------------------------------------
TYPE OF COLLATERAL
- ---------------------------------------------------------------------------------------------------------------------------------
Corp. Entity Collateral Location County Leased Inventory Equip. Office R.E./ R.E./
Location Equip/ Land Land +
Supplies Only Bldgs.
- ---------------------------------------------------------------------------------------------------------------------------------
Cardinal Foods, Inc. 4187 Arlingate Plaza (2) Franklin X X
Columbus, OH 43228
- ---------------------------------------------------------------------------------------------------------------------------------
Cardinal Foods, Inc. 1350 Wolohan Drive (10) Boyd X
Ashland, KY
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8101 Copps Foods Portage X X X
1850 Plover Road
Plover, WI 54467
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8103 Copps Foods Portage X X X X
3256 Church Street
Stevens Point, WI 54481
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8105 Copps Foods Winnebago X X X
1200 South Koeller Street
Oshkosh, WI 54902
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8106 Copps Foods Wood X X X X
340 South 8th Street
Medford, WI 54454
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8107 Copps Foods Brown X X X
1291 Lombardi Access Road
Green Bay, WI 54304
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8108 Copps Foods Outagamie X X X X
1919 East Calumet Street
Appleton, WI 54915
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8109 Copps Foods Manitowoc X X X
3415 Custer Street
Manitowoc, WI 54220
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8110 Copps Foods Brown X X X
1819 Main Street
Green Bay, WI 54302
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8112 Copps Foods Fond du Lac X X X X
330 North Peters Avenue
Fond du Lac, WI 54935
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8114 Copps Foods Dane X X X
620 South Whitney Way
Madison, WI 53711
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8115 Copps Foods Langlade X X X
405 Highway 64 East
Antigo, WI 54409
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8116 Copps Foods Portage X X X
5657 East Highway 10
Stevens Point, WI 54481
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8117 Copps Foods Iron X X X X
1009 Holiday Lane
Hurley, WI 54534
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8118 Copps Foods Outagamie X X X X
- ---------------------------------------------------------------------------------------------------------------------------------
8
- ---------------------------------------------------------------------------------------------------------------------------------
2400 West Wisconsin Ave.
Appleton, WI 54915
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8119 Copps Foods Eau Claire X X X X
3310 East Hamilton Avenue
Eau Claire, WI 54701
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8121 Copps Foods Wood X X X
900 East Riverview
Expressway, Wisconsin
Rapids, WI 54494
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8124 Copps Foods Winnebago X X X
1530 S. Commercial Street
Neenah, WI 54956
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8127 Copps Foods Price X X X
256 South Lake Street
Phillips, WI 54555
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8150 Copps Foods Wood X X X X
1105 North Central Avenue
Marshfield, WI 54449
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8175 Copps Foods Waushara X X X
950 East Main Street
Wautoma, WI 54982
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation #8178 Copps Foods Dane X X X
2502 Shopko Drive
Madison, WI 53704
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation 2220 Minnesota Avenue Portage X X X X
Stevens Point, WI
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation 2828 Wayne Street Portage X X X X
Stevens Point, WI
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation 1440 Pinecrest Avenue Portage X
Stevens Point, WI 54481
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation 3308 Wayne Street Portage X X X X
Stevens Point, WI 54481
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation 2551 Jackson Street Winnebago X
Oshkosh, WI 54907
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation 315 South Main Street Clark X
Greenwood, WI 54437
- ---------------------------------------------------------------------------------------------------------------------------------
The Copps Corporation 3501 Dixon Street Portage X
Stevens Point, WI 54481
- ---------------------------------------------------------------------------------------------------------------------------------
Holt Public Storage, Inc. 7501 North 81 Street (187) Milwaukee X X X
Milwaukee, WI 53223
- ---------------------------------------------------------------------------------------------------------------------------------
Insurance Planners, Inc. 23050 Roundy Drive (1B) Waukesha X X
Pewaukee, WI 53072
- ---------------------------------------------------------------------------------------------------------------------------------
I.T.A., Inc. 16655 W. Glendale Dr. (3) Waukesha X X
New Berlin, WI 53151
- ---------------------------------------------------------------------------------------------------------------------------------
Kee Trans, Inc. 16655 W. Glendale Dr. Waukesha X X X
New Berlin, WI 53151
- ---------------------------------------------------------------------------------------------------------------------------------
Jondex Corp. #6353 Pick 'n Save (12) Green X
112 W. 8th St., Hwy. 11W
Monroe, WI 53566
- ---------------------------------------------------------------------------------------------------------------------------------
Jondex Corp. 23000 Roundy Drive (1A) Waukesha X X
Pewaukee, WI 53072
- ---------------------------------------------------------------------------------------------------------------------------------
Jondex Corp. 23050 Roundy Drive (1B) Waukesha X
Pewaukee, WI 53072
- ---------------------------------------------------------------------------------------------------------------------------------
Jondex Corp. 11300 W. Burleigh St. (2) Milwaukee X
- ---------------------------------------------------------------------------------------------------------------------------------
9
- ---------------------------------------------------------------------------------------------------------------------------------
Wauwatosa, WI 53222
- ---------------------------------------------------------------------------------------------------------------------------------
Jondex Corp. 11500 W. Burleigh St. Milwaukee X
Wauwatosa, WI 53222
- ---------------------------------------------------------------------------------------------------------------------------------
Jondex Corp. 16655 W. Glendale Dr. (3) Waukesha X
New Berlin, WI 53151
- ---------------------------------------------------------------------------------------------------------------------------------
Jondex Corp. Oconomowoc, WI Waukesha X
- ---------------------------------------------------------------------------------------------------------------------------------
Jondex Corp. Oshkosh, WI Oshkosh X
- ---------------------------------------------------------------------------------------------------------------------------------
Jondex Corp. Kenosha, WI Kenosha X
- ---------------------------------------------------------------------------------------------------------------------------------
Jondex Corp. Highways 83 & 16 Waukesha X
Delafield, WI
- ---------------------------------------------------------------------------------------------------------------------------------
Jondex Corp. Wellston, OH Jackson X
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. #6843 Pick 'n Save Milwaukee X X X
4200-D South 76 Street
Greenfield, WI 53220
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. #6845 Pick 'n Save Milwaukee X X X
3701 South 27 Street
Milwaukee, WI 53221
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. #6846 Pick 'n Save Milwaukee X X X
2625 South 108 Street
West Allis, WI 53227
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. #6847 Pick 'n Save Milwaukee X X X
6760 West National Avenue
West Allis, WI 53214
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. #6848 Pick 'n Save Milwaukee X X X
6462 South 27 Street
Oak Creek, WI 53154
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. #6849 Pick 'n Save Kenosha X X X
5914 - 75th Street
Kenosha, WI 53142
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. #6851 Pick 'n Save Racine X X X
2406 South Green Bay Road
Racine, WI 53403
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. #6853 Pick 'n Save Waukesha X X X
12735 West Capitol Drive
Brookfield, WI 53005
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. #6854 Pick 'n Save Jefferson X X X
607 South Church Street
Watertown, WI 53094
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. #6857 Pick 'n Save Milwaukee X X X
4698 South Whitnall
St. Francis, WI 53235
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. #6858 Pick 'n Save Milwaukee X X X
150 West Holt Avenue
Milwaukee, WI 53207
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. (MM 150 W. Holt Avenue (6860) Milwaukee X X X
Distributing) Milwaukee, WI 53207
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. #6862 Pick 'n Save Milwaukee X X X
8770 South Howell Avenue
Oak Creek, WI 53153
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. #6863 Pick 'n Save Racine X X X
2210 Rapids Drive
Racine, WI 53403
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. #6864 Pick 'n Save Milwaukee X X X
1818 West National Avenue
- ---------------------------------------------------------------------------------------------------------------------------------
10
- ---------------------------------------------------------------------------------------------------------------------------------
Milwaukee, WI 53204
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. #6865 Pick 'n Save Rock X X X
1717 South Center Avenue
Janesville, WI 53546
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. #6866 Pick 'n Save Lake X X X
2700 Belvidere Road
Waukegan, IL 60085
- ---------------------------------------------------------------------------------------------------------------------------------
Mega Marts, Inc. Corporate Office Milwaukee X X
150 West Holt Avenue
Milwaukee, WI 53207
- ---------------------------------------------------------------------------------------------------------------------------------
The Midland Grocery Co. 6500 S. U.S. 421 (9) LaPorte X X X X
Westville, IN 46391
- ---------------------------------------------------------------------------------------------------------------------------------
Midland Grocery of 1764 Creston Street (4) Muskegon X X X X
Michigan, Inc. Muskegon, MI 49442
- ---------------------------------------------------------------------------------------------------------------------------------
Midland Grocery of 111 East Exchange Street Ottawa X
Michigan, Inc. Spring Lake, MI 49456
- ---------------------------------------------------------------------------------------------------------------------------------
Rindt Enterprises, Inc. #6340 Pick 'n Save Sheboygan X X X X
2213 Calumet Drive
Sheboygan, WI 53083
- ---------------------------------------------------------------------------------------------------------------------------------
Rindt Enterprises, Inc. #6341 Park & Shop (13) Sheboygan X X X
1317 N. 25th Street
Sheboygan, WI 53081
- ---------------------------------------------------------------------------------------------------------------------------------
Rindt Enterprises, Inc. #6343 Pick 'n Save Sheboygan X X X X
2643 Eastern Avenue
Plymouth, WI 53073
- ---------------------------------------------------------------------------------------------------------------------------------
Roundy's, Inc. 23000 Roundy Drive (1A) Waukesha X X X
Pewaukee, WI 53072
- ---------------------------------------------------------------------------------------------------------------------------------
Roundy's, Inc. 11300 W. Burleigh Street (2) Milwaukee X X X X
Wauwatosa, WI 53222
- ---------------------------------------------------------------------------------------------------------------------------------
Roundy's, Inc. 11400 West Burleigh Street Milwaukee X X X
Wauwatosa, WI 53222
- ---------------------------------------------------------------------------------------------------------------------------------
Roundy's, Inc. 11500 W. Burleigh Street (2) Milwaukee X X X X
Wauwatosa, WI 53222
- ---------------------------------------------------------------------------------------------------------------------------------
Roundy's, Inc. 401 Walter Road (120) Dane X X X X
Mazomanie, WI 53560
- ---------------------------------------------------------------------------------------------------------------------------------
Scot Lad Foods, Inc. Route 45 South, Box 411 (7) Saline X X X X
Eldorado, IL 62930
- ---------------------------------------------------------------------------------------------------------------------------------
Scot Lad Foods, Inc. 4501 Peters Road (8) Vanderburgh X X X X
Evansville, IN 47711
- ---------------------------------------------------------------------------------------------------------------------------------
Scot Lad Foods, Inc. Peters Road Vanderburgh X
Evansville, IN
- ---------------------------------------------------------------------------------------------------------------------------------
Scot Lad Foods, Inc. 6916 Nelson Road (5) Allen X
Ft. Wayne, IN 46803
- ---------------------------------------------------------------------------------------------------------------------------------
Scot Lad-Lima, Inc. 1100 Prosperity Road (6) Allen X X X X
Lima, OH 45801
- ---------------------------------------------------------------------------------------------------------------------------------
Scot Lad-Lima, Inc. 1200 East Kibby Street Allen X X X X
Lima, OH
- ---------------------------------------------------------------------------------------------------------------------------------
Scot Lad-Lima, Inc. 1601 E. Fourth Street (140) Allen X X X
Lima, OH
- ---------------------------------------------------------------------------------------------------------------------------------
Shop-Rite, Inc. 23000 Roundy Drive Waukesha X X
Pewaukee, WI 53072
- ---------------------------------------------------------------------------------------------------------------------------------
Shop-Rite, Inc. #409 Pick 'n Save (80) Lawrence X X X
1113 Ironton Hills Drive
Ironton, OH 45638
- ---------------------------------------------------------------------------------------------------------------------------------
11
- ---------------------------------------------------------------------------------------------------------------------------------
Shop-Rite, Inc. #417 Pick 'n Save (210) Van Wert X X X
719 Fox Road
Van Wert, OH 45891
- ---------------------------------------------------------------------------------------------------------------------------------
Shop-Rite, Inc. #883 Orchard Markets (192) Ottawa X X X
17026 Lloyds Bayou Drive
Spring Lake, MI 49456
- ---------------------------------------------------------------------------------------------------------------------------------
Shop-Rite, Inc. #884 Orchard Markets (50) Muskegon X X X
6530 Airline Road
Fruitport, MI 49415
- ---------------------------------------------------------------------------------------------------------------------------------
Shop-Rite, Inc. #885 Orchard Markets (126) Muskegon X X X
3031 Heights Ravenna Road
Muskegon, MI 49444
- ---------------------------------------------------------------------------------------------------------------------------------
Shop-Rite, Inc. #886 Orchard Markets (125) Muskegon X X X
2301 Holton Road
Muskegon, MI 49445
- ---------------------------------------------------------------------------------------------------------------------------------
Shop-Rite, Inc. #6301 Pick 'n Save Waukesha X X X
17630 W. Bluemound Rd.
Brookfield, WI 53005
- ---------------------------------------------------------------------------------------------------------------------------------
Shop-Rite, Inc. #6308 Pick 'n Save Waukesha X X X
220 East Sunset Drive
Waukesha, WI 53186
- ---------------------------------------------------------------------------------------------------------------------------------
Shop-Rite, Inc. #6312 Pick 'n Save Waukesha X X X
N95W18273 County Line Rd.
Menomonee Falls, WI 53051
- ---------------------------------------------------------------------------------------------------------------------------------
Shop-Rite, Inc. #6315 Pick 'n Save Waukesha X X X
2160 Silvernail Road
Pewaukee, WI 53072
- ---------------------------------------------------------------------------------------------------------------------------------
Shop-Rite, Inc. #6329 Pick 'n Save Door X X X
1847 Egg Harbor Road
Sturgeon Bay, WI 54235
- ---------------------------------------------------------------------------------------------------------------------------------
Shop-Rite, Inc. #6353 Pick 'n Save (12) Green X X X
112 West 8th Street
Monroe, WI 53566
- ---------------------------------------------------------------------------------------------------------------------------------
Spring Lake 1200 Washington St. (211) Van Wert X X X X
Merchandise, Inc. Van Wert, OH 45891
- ---------------------------------------------------------------------------------------------------------------------------------
Spring Lake 1181 Grill Road Van Wert X X
Merchandise, Inc. Van Wert, OH 45891
- ---------------------------------------------------------------------------------------------------------------------------------
Ultra Mart, Inc. #6356 Pick 'n Save Milwaukee X X X X
10130 W. Appleton Avenue
Milwaukee, WI 53225
- ---------------------------------------------------------------------------------------------------------------------------------
Ultra Mart, Inc. #6357 Pick 'n Save Washington X X X X
N112 W16200 Mequon Rd.
Germantown, WI 53022
- ---------------------------------------------------------------------------------------------------------------------------------
Ultra Mart, Inc. #6358 Pick 'n Save Waukesha X X X X
601 Ryan Street
Pewaukee, WI 53072
- ---------------------------------------------------------------------------------------------------------------------------------
Ultra Mart, Inc. #6359 Pick 'n Save Milwaukee X X X X
7830 W. Good Hope Road
Milwaukee, WI 53223
- ---------------------------------------------------------------------------------------------------------------------------------
Ultra Mart, Inc. #6360 Pick 'n Save Milwaukee X X X X
7201 South 76 Street
Franklin, WI 53132
- ---------------------------------------------------------------------------------------------------------------------------------
12
- ---------------------------------------------------------------------------------------------------------------------------------
Ultra Mart, Inc. #6361 Pick 'n Save Winnebago X X X X
1425 S. Commercial Street
Neenah, WI 54956
- ---------------------------------------------------------------------------------------------------------------------------------
Ultra Mart, Inc. #6362 Pick 'n Save Winnebago X X X X
647 South Green Bay Road
Neenah, WI 54956
- ---------------------------------------------------------------------------------------------------------------------------------
Village Market, LLC #8635 Pick 'n Save Bartholomew X X X X
1343 North National Road
Columbus, IN 47203
- ---------------------------------------------------------------------------------------------------------------------------------
13
Schedule 6
INTELLECTUAL PROPERTY
All of the intellectual property identified in this Schedule 6 is owned by the
Company or one of its Subsidiaries unless otherwise noted.
FEDERAL TRADEMARK REGISTRATIONS/1/
- ----------------------------------------------------------------------------------------------------------------------
NEXT ACTION
MARK REG. NO. REG. DATE DUE
- ----------------------------------------------------------------------------------------------------------------------
ADVANTAGE 1,516,884 12/13/88
- ----------------------------------------------------------------------------------------------------------------------
ADVANTAGE PLUS 1,964,854 04/02/96
- ----------------------------------------------------------------------------------------------------------------------
ADVANTAGE REWARDS 2,034,398 01/28/97
- ----------------------------------------------------------------------------------------------------------------------
BONNIE BLUE 1,831,499 04/19/94
- ----------------------------------------------------------------------------------------------------------------------
BUYERS' CHOICE 1,482,325 03/29/88
- ----------------------------------------------------------------------------------------------------------------------
BUYERS' CHOICE 1,526,789 02/28/89
- ----------------------------------------------------------------------------------------------------------------------
BUYERS' CHOICE 1,554,332 09/5/89
- ----------------------------------------------------------------------------------------------------------------------
BUYERS' CHOICE/2/ 1,667,725 12/10/91
- ----------------------------------------------------------------------------------------------------------------------
BUYERS' CHOICE/3/ 1,957,402 02/20/96
- ----------------------------------------------------------------------------------------------------------------------
BUYERS' CHOICE/4/ 1,972,759 05/07/96
- ----------------------------------------------------------------------------------------------------------------------
CHUMMMIE/5/ 1,175,416 10/27/81
- ----------------------------------------------------------------------------------------------------------------------
14
- ----------------------------------------------------------------------------------------------------------------------
NEXT ACTION
MARK REG. NO. REG. DATE DUE
- ----------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------
CLIPPER SHIP/6/ 1,174,870 10/27/81
- ----------------------------------------------------------------------------------------------------------------------
COPPS & Design (I.C., the penguin) 1,610,215 08/14/90
- ----------------------------------------------------------------------------------------------------------------------
COPPS & Design (Coco, the monkey) 1,610,216 08/14/90
- ----------------------------------------------------------------------------------------------------------------------
COPPS & Design (The Inspector) 1,610,851 08/21/90
- ----------------------------------------------------------------------------------------------------------------------
COPPS & Design (Scratch, the cat) 1,610,852 08/21/90
- ----------------------------------------------------------------------------------------------------------------------
COPPS & Design (Bagaroo, the kangaroo) 1,610,853 08/21/90
- ----------------------------------------------------------------------------------------------------------------------
COPPS & Design (Chops, the dog) 1,610,854 08/21/90
- ----------------------------------------------------------------------------------------------------------------------
COPPS & Design (Wink, the rabbit) 1,610,855 08/21/90
- ----------------------------------------------------------------------------------------------------------------------
COPPS KEY SAVING CLUB 2,213,971 12/29/98
- ----------------------------------------------------------------------------------------------------------------------
FAMILY FAVORITE/7/ 1,212,617 10/12/82
- ----------------------------------------------------------------------------------------------------------------------
Miscellaneous Design (Mor for Less logo) 1,755,950 03/02/93
- ----------------------------------------------------------------------------------------------------------------------
MOR FOR LESS 1,805,581 11/16/93
- ----------------------------------------------------------------------------------------------------------------------
MORE THAN A NAME...A PROMISE/8/ 1,399,928 07/01/86
- ----------------------------------------------------------------------------------------------------------------------
15
- ----------------------------------------------------------------------------------------------------------------------
NEXT ACTION
MARK REG. NO. REG. DATE DUE
- ----------------------------------------------------------------------------------------------------------------------
MR. MONEYSWORTH/9/ 1,299,151 10/02/84
- ----------------------------------------------------------------------------------------------------------------------
OLD TIME/10/ 806,997 04/12/66
- ----------------------------------------------------------------------------------------------------------------------
OLD TIME/11/ 942,886 09/12/72
- ----------------------------------------------------------------------------------------------------------------------
OLD TIME/12/ 1,277,236 05/08/84
- ----------------------------------------------------------------------------------------------------------------------
OLD TIME/13/ 1,281,019 06/05/84
- ----------------------------------------------------------------------------------------------------------------------
OLD TIME/14/ 1,327,815 04/02/85
- ----------------------------------------------------------------------------------------------------------------------
OLD TIME/15/ 1,416,822 11/11/86
- ----------------------------------------------------------------------------------------------------------------------
OLD TIME/16/ 1,612,551 09/11/90
- ----------------------------------------------------------------------------------------------------------------------
OLD TIME/17/ 1,748,744 01/26/93
- ----------------------------------------------------------------------------------------------------------------------
OLD TIME/18/ 1,958,170 02/27/96
- ----------------------------------------------------------------------------------------------------------------------
OLD TIME PANTRY/19/ 1,297,237 09/18/84
- ----------------------------------------------------------------------------------------------------------------------
PICK `N SAVE/20/ 1,303,015 10/30/84
- ----------------------------------------------------------------------------------------------------------------------
16
- ----------------------------------------------------------------------------------------------------------------------
NEXT ACTION
MARK REG. NO. REG. DATE DUE
- ----------------------------------------------------------------------------------------------------------------------
PICK `N SAVE/21/ 1,388,449 04/01/86
- ----------------------------------------------------------------------------------------------------------------------
PICK `N SAVE/22/ 1,443,606 06/16/87
- ----------------------------------------------------------------------------------------------------------------------
PICK `N SAVE'S/23/ 1,391,748 04/29/86
- ----------------------------------------------------------------------------------------------------------------------
PRICE LESS FOODS/24/ 1,857,394 10/04/94
- ----------------------------------------------------------------------------------------------------------------------
QUEEN OF SCOT/25/ 783,307 01/12/65
- ----------------------------------------------------------------------------------------------------------------------
ROUNDY'S 937,195 07/04/72
- ----------------------------------------------------------------------------------------------------------------------
ROUNDY'S 1,187,206 01/19/82
- ----------------------------------------------------------------------------------------------------------------------
ROUNDY'S 1,254,205 10/18/83
- ----------------------------------------------------------------------------------------------------------------------
ROUNDY'S 1,388,749 04/08/86
- ----------------------------------------------------------------------------------------------------------------------
ROUNDY'S 1,412,925 10/14/86
- ----------------------------------------------------------------------------------------------------------------------
ROUNDY'S 1,626,534 12/11/90
- ----------------------------------------------------------------------------------------------------------------------
ROUNDY'S 1,703,187 07/28/92
- ----------------------------------------------------------------------------------------------------------------------
ROUNDY'S 1,943,818 12/26/95
- ----------------------------------------------------------------------------------------------------------------------
ROUNDY'S 1,966,793 04/09/96
- ----------------------------------------------------------------------------------------------------------------------
ROUNDY'S BETTER 1,190,985 02/23/82
- ----------------------------------------------------------------------------------------------------------------------
17
- ----------------------------------------------------------------------------------------------------------------------
NEXT ACTION
MARK REG. NO. REG. DATE DUE
- ----------------------------------------------------------------------------------------------------------------------
FOODS/26/
- ----------------------------------------------------------------------------------------------------------------------
ROUNDY'S BETTER FOODS & Design/27/ 1,187,205 01/19/82
- ----------------------------------------------------------------------------------------------------------------------
SCOT FARMS/28/ 842,959 01/23/68
- ----------------------------------------------------------------------------------------------------------------------
SCOT FARMS/29/ 1,204,950 08/10/82
- ----------------------------------------------------------------------------------------------------------------------
SCOT FARMS & Design/30/ 1,204,949 08/10/82
- ----------------------------------------------------------------------------------------------------------------------
SCOT FARMS A SCOT FARMS QUALITY STORE & 1,204,951 08/10/82
Design/31/
- ----------------------------------------------------------------------------------------------------------------------
SCOT LAD/32/ 947,324 11/14/72
- ----------------------------------------------------------------------------------------------------------------------
SCOT LAD/33/ 1,330,408 04/16/85
- ----------------------------------------------------------------------------------------------------------------------
SCOT LAD/34/ 1,473,393 01/19/88
- ----------------------------------------------------------------------------------------------------------------------
SINGLE SELECT SERVING SIZED FOR 1 & 1,968,152 04/16/96
Design/35/
- ----------------------------------------------------------------------------------------------------------------------
SMP ADVERTISING 1,736,975 12/01/92
- ----------------------------------------------------------------------------------------------------------------------
SPRING LAKE/36/ 1,197,613 06/15/82
- ----------------------------------------------------------------------------------------------------------------------
18
- ----------------------------------------------------------------------------------------------------------------------
NEXT ACTION
MARK REG. NO. REG. DATE DUE
- ----------------------------------------------------------------------------------------------------------------------
SPRING LAKE/37/ 1,485,845 04/26/88
- ----------------------------------------------------------------------------------------------------------------------
SPRING LAKE/38/ 1,491,922 06/14/88
- ----------------------------------------------------------------------------------------------------------------------
SUNNY VALLEY 1,751,433 02/09/93
- ----------------------------------------------------------------------------------------------------------------------
SUNNY VALLEY 2,087,453 08/12/97
- ----------------------------------------------------------------------------------------------------------------------
T-MART/39/ 1,257,967 11/15/83
- ----------------------------------------------------------------------------------------------------------------------
TOGETHER, WE SHARE. TOGETHER WE CARE. 1,685,683 05/05/92
& Design/40/
- ----------------------------------------------------------------------------------------------------------------------
VIKING FOODS (Stylized)/41/ 1,215,344 11/02/82
- ----------------------------------------------------------------------------------------------------------------------
VILLAGE MARKET/42/ 2,152,805 04/21/98
- ----------------------------------------------------------------------------------------------------------------------
WHEN IT COMES TO PRICE, NOW WE'RE 2,097,345 09/16/97
TALKING EVEN LOWER!/43/
- ----------------------------------------------------------------------------------------------------------------------
WHEN IT COMES TO PRICE, WE'RE STILL 2,113,777 11/18/97
TALKING LOW!/44/
- ----------------------------------------------------------------------------------------------------------------------
19
STATE TRADEMARK REGISTRATIONS/45/
- ----------------------------------------------------------------------------------------------------------------------
NEXT
MARK STATE REG. NO. REG. DATE ACTION DUE
- ----------------------------------------------------------------------------------------------------------------------
ATRIUM COURT/46/ Wisconsin N/A 02/24/88
- ----------------------------------------------------------------------------------------------------------------------
BUTCHER BLOCK Wisconsin N/A 01/11/77
12/11/96
(renewal date)
- ----------------------------------------------------------------------------------------------------------------------
COPPS FOODS R LESS/47/ Wisconsin N/A 04/20/83
- ----------------------------------------------------------------------------------------------------------------------
FABRICA DE TORTILLA & Design/48/ Wisconsin N/A 12/08/93
- ----------------------------------------------------------------------------------------------------------------------
FOODMART/49/ Wisconsin N/A 11/14/84
- ----------------------------------------------------------------------------------------------------------------------
LEAN `N TENDER/50/ Wisconsin N/A 09/15/82
- ----------------------------------------------------------------------------------------------------------------------
LOVIN' OVEN/51/ Wisconsin N/A 02/24/88
- ----------------------------------------------------------------------------------------------------------------------
MEGA MALL/52/ Wisconsin N/A 12/04/96
- ----------------------------------------------------------------------------------------------------------------------
Miscellaneous Design (Rose) Wisconsin N/A 03/29/89
- ----------------------------------------------------------------------------------------------------------------------
Miscellaneous Design (Mr. Roundy Wisconsin 13,278 11/12/64
logo)/53/
- ----------------------------------------------------------------------------------------------------------------------
MUFFIN MAGIC Wisconsin N/A 03/16/88
- ----------------------------------------------------------------------------------------------------------------------
OLD TIME Wisconsin 16,627 01/18/89
- ----------------------------------------------------------------------------------------------------------------------
OLD TIME Wisconsin 13,181 09/10/64
- ----------------------------------------------------------------------------------------------------------------------
20
- ----------------------------------------------------------------------------------------------------------------------
NEXT
MARK STATE REG. NO. REG. DATE ACTION DUE
- ----------------------------------------------------------------------------------------------------------------------
PASTRY KITCHEN Wisconsin N/A 07/19/89
- ----------------------------------------------------------------------------------------------------------------------
PETALS AND PLANTS Wisconsin N/A 02/24/88
- ----------------------------------------------------------------------------------------------------------------------
PICK `N SAVE Michigan M83-025 09/09/81
- ----------------------------------------------------------------------------------------------------------------------
PICK `N SAVE Wisconsin 21,998 04/05/75
- ----------------------------------------------------------------------------------------------------------------------
RON AND LLOYD'S/54/ Wisconsin N/A 07/23/86
- ----------------------------------------------------------------------------------------------------------------------
ROSE PETALS Wisconsin N/A 03/29/89
- ----------------------------------------------------------------------------------------------------------------------
ROUNDY'S Wisconsin 11,877 10/31/41
04/18/01
(renewal date)
- ----------------------------------------------------------------------------------------------------------------------
SHOP RITE Wisconsin 15,936 01/13/88
- ----------------------------------------------------------------------------------------------------------------------
SMOKE HAUS MEATS Wisconsin N/A 02/24/88
- ----------------------------------------------------------------------------------------------------------------------
TENDERAGED/55/ Wisconsin 12,353 02/22/63
02/23/83
(renewal date)
- ----------------------------------------------------------------------------------------------------------------------
THE FRESH GUYS RON & LLOYD'S & Wisconsin N/A 07/23/86
Design/56/
- ----------------------------------------------------------------------------------------------------------------------
UNITED FOODS U.F./57/ Wisconsin N/A 11/17/82
- ----------------------------------------------------------------------------------------------------------------------
MATERIAL COMMON LAW TRADEMARKS (unless indicated otherwise)
CARDINAL FOODS
COMMEND/58/
21
COPPS FOOD CENTER
FRESH CUTS
GARDEN FRESH
GREAT PLAINS
IGA and/or IGA & Design/59/
MAIN STREET DELI
MEGA FOOD CENTER
OLD TIME/60/
ORCHARD FOODS
PARK & SAVE
PARK & SHOP
REAL & Design/61/
ROUNDY'S
SHOP-RITE
SMART SHOPPER
SUPER SOFT
ULTRA FOOD CENTER
WE CARE/62/
WE CARE ABOUT YOU/63/
ROUNDY'S TRADEMARK LICENSES
- ----------------------------------------------------------------------------------------------------------------------
TRADEMARK PARTIES AGREEMENT DATE
- ----------------------------------------------------------------------------------------------------------------------
OLD TIME Roundy's, Inc. and Olde Settlement and License Agreement 01/01/93
Tyme Foods, Inc.
- ----------------------------------------------------------------------------------------------------------------------
PICK `N SAVE Roundy's, Inc. and Scot Intercompany License 10/24/86
Lad Foods, Inc.
- ----------------------------------------------------------------------------------------------------------------------
PICK `N SAVE Roundy's, Inc. and Assignment and License Agreement April 26, 1983
Wetterau Incorporated
- ----------------------------------------------------------------------------------------------------------------------
22
TRADEMARK LICENSES RELATING TO PRIVATE LABEL BRANDS
Each of the following parties is subject to either an oral or written license
relating to certain Intangible Rights:
AJM
Bunzl
Duro
Gaylord
Hometown / S & G
Inteplast
Orange Plastics
Sonoco
Trinity Packaging
Vanguard (-0-)
Triangle Wholesale Co. Inc. (written license for use of the ROUNDY'S mark on
alcoholic beverages)
Any other licenses involving the above entities have been granted on a
nonexclusive basis solely for the purpose of creating items, such as labels and
bags bearing certain Intangible Rights, for use by the Company and/or its
Subsidiaries.
TRADEMARK LICENSES EMBODIED IN CUSTOMER AND LICENSE SUPPLY AGREEMENTS
Each of the parties on the attached Customer and License Supply Agreements list
(located at Exhibit A), which is incorporated herein by reference, is subject to
a written Customer and License Supply Agreement relating to either the
ADVANTAGE, ADVANTAGE PLUS and PICK `N SAVE marks, the MOR FOR LESS mark or the
VILLAGE MARKET mark.
TRADEMARK LICENSES CONTAINED IN FREQUENT SHOPPER PROGRAM AGREEMENTS
Each of the parties on the attached Frequent Shopper Program list (located at
Exhibit B), which is incorporated herein by reference, is subject to a written
license, in connection with a frequent shopper program relating to either the
ADVANTAGE and/or ADVANTAGE PLUS mark(s) or the ROUNDY'S mark.
In addition, each of the following stores listed herein is subject to either an
oral or written license relating to the ADVANTAGE and/or ADVANTAGE PLUS mark(s)
in connection with a frequent shopper program.
Ric's (4 stores)
Sparta Mad Pricer
Priced Rights Foods
Herrin Mad Pricer
23
Salem Mad Pricer
Belleville Mad Pricer
WF Mad Pricer
Harrisburg Mad Pricer
Marshall Red & White
Bellettini Wilmington
Bellettini Seneca
Martins #2
Martins #6
Martins Niles
Martins #16
Martins #7
Martins #10
Martins #1
Martins Plymouth
Martins #15
Martins #11
Martins #14
Martins #12
Martins #17
Martins #4
Martins #20
Martins St. Joe
Martins #8
Martins Logansport
Wilco Cedar Lake
Wilco Rensselear
New Philadelphia
Burbank Road Super
Medina Super
Delaware Super
Orrville Super
Coshocton Super
Wadsworth Super
Wooster Super
Ashland Supermarket
River Styx
Parkside Super
Wellington Village Market
Elyria Apple
Norwalk Apple
Cutshaws Market
Pataskala Village Market
Van Wert Pick `N Save
Ironton Pick `N Save
Flicks Foods-Burlington
24
Flicks Foods-Hebron
Hiller's Stores-Berkley Supermarket
Hiller's Stores-Northville Super
Hiller's Stores-Orchard Lake Market
Hiller's Stores-Haggerty Super
Hiller's Stores-Hiller Supermarket
Hiller's Stores-Arborland
TRADEMARK SETTLEMENT AND CONCURRENT USE AGREEMENTS
- ----------------------------------------------------------------------------------------
TRADEMARK PARTIES AGREEMENT
- ----------------------------------------------------------------------------------------
ADVANTAGE Roundy's, Inc. and Bergen Settlement Agreement
Brunswig Corporation
- ----------------------------------------------------------------------------------------
ADVANTAGE Roundy's, Inc. and C. & T. Trademark Consent Agreement
Refinery, Inc.
- ----------------------------------------------------------------------------------------
ADVANTAGE, ADVANTAGE PLUS and Roundy's, Inc. and Settlement Agreement
ADVANTAGE REWARDS Gerland's Food Fair, Inc.
- ----------------------------------------------------------------------------------------
ADVANTAGE Roundy's, Inc. and Settlement Agreement
Performance Group Co.,
d/b/a Fresh Advantage
- ----------------------------------------------------------------------------------------
ADVANTAGE, ADVANTAGE PLUS and Roundy's, Inc. and Settlement Agreement
ADVANTAGE REWARDS Ashcraft's Market, Inc.
- ----------------------------------------------------------------------------------------
ADVANTAGE, ADVANTAGE PLUS and Roundy's, Inc. and Giant Settlement Agreement
ADVANTAGE REWARDS Eagle, Inc.
- ----------------------------------------------------------------------------------------
BUYER'S CHOICE Roundy's, Inc. and VMG Letter Agreement
Enterprises, Inc.
- ----------------------------------------------------------------------------------------
BUYER'S CHOICE Roundy's, Inc. and David Settlement Agreement
Michael & Co., Inc.
- ----------------------------------------------------------------------------------------
BUYER'S CHOICE Roundy's, Inc. and Agreement in
- ----------------------------------------------------------------------------------------
25
- --------------------------------------------------------------------------------------
TRADEMARK PARTIES AGREEMENT
- --------------------------------------------------------------------------------------
National Center of Settlement of
Nutrition, Inc. Opposition No. 86,788
- --------------------------------------------------------------------------------------
BUYER'S CHOICE Roundy's, Inc. and Nestle Standstill Agreement
Beverage Company and
Societe des Produits
Nestle, S.A.
- --------------------------------------------------------------------------------------
FAMILY FAVORITE Roundy's, Inc, Scot Lad Letter Agreement
Foods, Inc. and Nabisco,
Inc.
- --------------------------------------------------------------------------------------
LEAN `N TENDER Roundy's, Inc. and Peck Trademark Agreement
Meat Packing Corporation
- --------------------------------------------------------------------------------------
OLD TIME Roundy's, Inc. and Geo. A. Agreement
Hormel & Co.
- --------------------------------------------------------------------------------------
OLD TIME Roundy's, Inc. and Old Settlement Agreement
Tyme Soft Drinks, Inc.
(Chatham Imports, Inc., as
successor-in-interest)
- --------------------------------------------------------------------------------------
OLD TIME Roundy's, Inc. and Detroit Settlement Agreement
Popcorn Company, Inc.
- --------------------------------------------------------------------------------------
PICK `N SAVE Roundy's, Inc. and Concurrent Use Settlement
National Merchandise Agreement
Company, Inc.
- --------------------------------------------------------------------------------------
VILLAGE MARKET Roundy's, Inc. and Moore Consent to Use Agreement
Brothers Market, LLC
- --------------------------------------------------------------------------------------
WE CARE and WE Roundy's, Inc. and Service Mark Usage
- --------------------------------------------------------------------------------------
26
- ----------------------------------------------------------------------------------------------------------------------
TRADEMARK PARTIES AGREEMENT DATE
- ----------------------------------------------------------------------------------------------------------------------
CARE ABOUT YOU Giant Food Inc. Agreement
- ----------------------------------------------------------------------------------------------------------------------
PATENT REGISTRATIONS
None.
PATENT LICENSES
None.
COPYRIGHT REGISTRATIONS
All of the copyright registrations listed below are owned by the Company or one
of its Subsidiaries.
- ----------------------------------------------------------------------------------------------------------------------------
TITLE OF WORK REG. NO. REG. DATE
- ----------------------------------------------------------------------------------------------------------------------------
Eight Security Programs to Improve Profitable Retail Operations: The New TX-746-046 08/01/81
Scot Lad Foods Dimension
- ----------------------------------------------------------------------------------------------------------------------------
An Ounce of Prevention is Worth a Pound of Cure: How to Recognize a TX-746-047 08/01/81
Potential Shoplifter and Prevent Shoplifting
- ----------------------------------------------------------------------------------------------------------------------------
Confidential Loss Prevention Survey TX-746-048 08/01/81
- ----------------------------------------------------------------------------------------------------------------------------
Instruction Manual for the Copps General Merchandise Store Management TXu-135-992 09/06/83
Simulation Program
- ----------------------------------------------------------------------------------------------------------------------------
Game Documentation for the Copps General Merchandise Store Management TXu-135-993 09/06/83
Simulation Program
- ----------------------------------------------------------------------------------------------------------------------------
COPYRIGHT LICENSES
None.
27
COMPUTER SOFTWARE
Roundy's uses its Corporate Retail Pricing System Mainframe Software, which is
owned by Roundy's or one of its subsidiaries.
28
Exhibit A to Schedule 6
-----------------------
- -------------------------------------------------------------------------------------------------
Division Cust. Customer's Exact Legal
# Name Title of Agreement Date of Agreement
- -------------------------------------------------------------------------------------------------
Milwaukee 1185 Bonson's Foods, Inc. PNS Cust. & Lic. 05-01-00
- -------------------------------------------------------------------------------------------------
1186 Bonson's of Waupaca, LLC PNS Cust. & Lic. 04-28-98
- -------------------------------------------------------------------------------------------------
1325 Riverside Enterprises PNS Cust. & Lic. 11-15-89
- -------------------------------------------------------------------------------------------------
1496 D. Burnstad's, Inc. PNS Cust. & Lic. 12-19-89
- -------------------------------------------------------------------------------------------------
1543 Burnstad Bros., Inc. PNS Cust. & Lic. 05-01-99
- -------------------------------------------------------------------------------------------------
1546 Burnstad Bros., Inc. PNS Cust. & Lic. 05-01-99
- -------------------------------------------------------------------------------------------------
1547 Burnstad Bros., Inc. PNS Cust. & Lic. 05-01-99
- -------------------------------------------------------------------------------------------------
1635 Cedar Creek Foods, Inc. PNS Cust. & Lic. 11-30-99
- -------------------------------------------------------------------------------------------------
1640 Cedar Creek Foods, Inc. PNS Cust. & Lic. 5-29-02
Agmt.
- -------------------------------------------------------------------------------------------------
2750 Gary Gundlach - Stoughton PNS Cust. & Lic. 12/27/88
- -------------------------------------------------------------------------------------------------
2751 Gary Gundlach - Sun Prairie PNS Cust. & Lic. 08-01-91
- -------------------------------------------------------------------------------------------------
2752 Gary Gundlach - Columbus PNS Cust. & Lic. 04-05-93
- -------------------------------------------------------------------------------------------------
2753 Gary Gundlach - DeForest PNS Cust. & Lic. 12-07-94
- -------------------------------------------------------------------------------------------------
2754 Gary Gundlach - McFarland PNS Cust. & Lic. (Pending)
- -------------------------------------------------------------------------------------------------
2756 Gary Gundlach - Fort Atkinson PNS Cust. & Lic. (Pending)
- -------------------------------------------------------------------------------------------------
3706 Consumers Cooperative PNS Cust. & Lic. 10-25-01
Association of Eau Claire
- -------------------------------------------------------------------------------------------------
3707 Consumers Cooperative PNS Cust. & Lic. 10-25-01
Association of Eau Claire
- -------------------------------------------------------------------------------------------------
3708 Consumers Cooperative PNS Cust. & Lic. 10-25-01
Association of Eau Claire
- -------------------------------------------------------------------------------------------------
2755 Maple Grove Supermarkets, LLC PNS Cust. & Lic. 10-27-99
- -------------------------------------------------------------------------------------------------
5087 Johanneson's of Wisc. Inc. - PNS Cust. & Lic. 06-07-91
Kimberly
- -------------------------------------------------------------------------------------------------
5088 Johanneson's of Wisc. Inc. - PNS Cust. & Lic. 04-15-98
Appleton
- -------------------------------------------------------------------------------------------------
5191 West Side PNS PNS Cust. & Lic. 12-18-90
- -------------------------------------------------------------------------------------------------
5192 McAdams, Inc. PNS Cust. & Lic. 03-04-98
- -------------------------------------------------------------------------------------------------
5196 McAdams, Inc. PNS Cust. & Lic. 01-01-98
- -------------------------------------------------------------------------------------------------
5201 McAdams, Inc. PNS Cust. & Lic. 01-01-98
- -------------------------------------------------------------------------------------------------
5202 McAdams, Inc. PNS Cust. & Lic. 01-01-98
- -------------------------------------------------------------------------------------------------
5203 McAdams, Inc. PNS Cust. & Lic. 01-01-98
- -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------
Division Cust. Customer's Exact Legal
# Name Title of Agreement Date of Agreement
- -------------------------------------------------------------------------------------------------
5204 McAdams, Inc. PNS Cust. & Lic. 01-01-98
- -------------------------------------------------------------------------------------------------
5205 McAdams, Inc. PNS Cust. & Lic. 01-01-98
- -------------------------------------------------------------------------------------------------
5207 Lake Geneva Foods, Inc. PNS Cust. & Lic. 10-01-01
- -------------------------------------------------------------------------------------------------
5209 Lake Geneva Foods, Inc. PNS Cust. & Lic. 06-03-91
- -------------------------------------------------------------------------------------------------
5228 B & H Gold's Corp - Brown Deer PNS Cust. & Lic. 06-08-90
- -------------------------------------------------------------------------------------------------
5229 Gold's, Inc. - East Pointe PNS Cust. & Lic. 10-08-93
- -------------------------------------------------------------------------------------------------
5230 Gold's, Market, Inc. - Grafton PNS Cust. & Lic. 06-30-92
- -------------------------------------------------------------------------------------------------
5231 Gold's of Mequon, LLC PNS Cust. & Lic. 12-04-97
- -------------------------------------------------------------------------------------------------
5236 Schuler's Beaver Dam, Inc. PNS Cust. & Lic. 01-09-87
- -------------------------------------------------------------------------------------------------
5248 Pierce Super Markets PNS Cust. & Lic. 12-19-88
- -------------------------------------------------------------------------------------------------
5271 D & F Foods - Franklin, Inc. PNS Cust. & Lic. 06-04-98
- -------------------------------------------------------------------------------------------------
5274 D & F Foods - Cudahy, Inc. PNS Cust. & Lic. 11-03-91
- -------------------------------------------------------------------------------------------------
5372 Prescott's Supermarkets - Pioneer PNS Cust. & Lic. 06-21-96
- -------------------------------------------------------------------------------------------------
5373 Prescott's Supermarkets - W. Scott PNS Cust. & Lic. 06-07-89
- -------------------------------------------------------------------------------------------------
5374 Prescott's Supermarkets - Johnson PNS Cust. & Lic. 06-07-89
- -------------------------------------------------------------------------------------------------
5375 Prescott's Supermarkets - Oshkosh PNS Cust. & Lic. 05-20-92
- -------------------------------------------------------------------------------------------------
5376 Prescott's Supermarkets - W. Bend N. PNS Cust. & Lic. 10-30-84
- -------------------------------------------------------------------------------------------------
5377 Prescott's Supermarkets - W. Bend S. PNS Cust. & Lic. 10-09-95
- -------------------------------------------------------------------------------------------------
5378 Prescott's Supermarkets - Oshkosh/S PNS Cust. & Lic. 10-25-01
- -------------------------------------------------------------------------------------------------
6420 Spiegelhoff's Super Food Market, Inc. PNS Cust. & Lic. 01-24-86
- -------------------------------------------------------------------------------------------------
6422 Speigelhoff Super Food Market, Inc. PNS Cust. & Lic. 06-20-91
- -------------------------------------------------------------------------------------------------
6424 Spiegelhoff Super Food Market, Inc. PNS Cust. & Lic. 07-21-91
- -------------------------------------------------------------------------------------------------
6426 Spiegelhoff's Super Food Market, Inc. PNS Cust. & Lic. 09-30-96
- -------------------------------------------------------------------------------------------------
6428 Spiegelhoff's Super Food Market, Inc. PNS Cust. & Lic. 03-31-00
- -------------------------------------------------------------------------------------------------
6643 Performance Foods of Shawano PNS Cust. & Lic. 05-05-90
- -------------------------------------------------------------------------------------------------
7176 Webster's United Foods PNS Cust. & Lic. 06-21-89
- -------------------------------------------------------------------------------------------------
30
- -------------------------------------------------------------------------------------------------
Division Cust. Customer's Exact Legal
# Name Title of Agreement Date of Agreement
- -------------------------------------------------------------------------------------------------
Agmt.
- -------------------------------------------------------------------------------------------------
Midland 988 Wilco Foods of Rensselear, Inc. PNS License Agmt. 05-09-92
- -------------------------------------------------------------------------------------------------
Michigan 279 MDK Corp./Village Market Village Market License 03-01-98
and Supply Agreement
- -------------------------------------------------------------------------------------------------
Lima 2115 Riesbeck Food Markets, PNS License Agmt. 12-01-00
Inc. - Zanesville (Maysville Pike)
- -------------------------------------------------------------------------------------------------
2264 Pumpkin Creek, Inc. MFL License/Supply 07-12-01
Agreement
- -------------------------------------------------------------------------------------------------
2392 Young's Food Stores, Inc. Limited License & 02-24-99
Supply Agmt (covers
8726, 2392)
- -------------------------------------------------------------------------------------------------
2975 Riesbeck Food Markets, Inc. - PNS License Agmt. 10-01-94
Zanesville (Howard St.)
- -------------------------------------------------------------------------------------------------
5421 Barry A. McGinnis dba Mor MFL License/Supply 05-14-98
For Less Agreement
- -------------------------------------------------------------------------------------------------
5422 Hamilton Foods, Inc. MFL License/Supply 08-24-99
Agreement
- -------------------------------------------------------------------------------------------------
5431 A.G. Man, LLC d/b/a Mor MFL License/Supply 12-31-99
For Less Agreement
- -------------------------------------------------------------------------------------------------
5432 J & N Pace, Inc. d/b/a Cumberland MFL License/Supply 01-03-00
Mor For Less Agreement
- -------------------------------------------------------------------------------------------------
5434 R & J Food Service, Inc. dba Mor MFL License/Supply 03-06-00
For Less Agreement
- -------------------------------------------------------------------------------------------------
5437 S & D, Inc. MFL License/Supply 04-19-00
Agreement
- -------------------------------------------------------------------------------------------------
5447 J & N Pace, Inc. MFL License/Supply 12-01-96
Agreement
- -------------------------------------------------------------------------------------------------
5461 Maurice Dayton, Inc. MFL License/Supply 03-19-01
Agreement
- -------------------------------------------------------------------------------------------------
5462 Webster Foods, LLC MFL License/Supply 07-13-01
Agreement
- -------------------------------------------------------------------------------------------------
Eldorado 4403 Lunt's Inc. - Rochester License & Supply Agmt 05-08-00
- -------------------------------------------------------------------------------------------------
4405 Lunt's Inc. - Athens License & Supply Agmt 05-08-00
- -------------------------------------------------------------------------------------------------
4407 Lunt's Inc. - Williamsville License & Supply 05-08-00
- -------------------------------------------------------------------------------------------------
31
- -------------------------------------------------------------------------------------------------
Division Cust. Customer's Exact Legal
# Name Title of Agreement Date of Agreement
- -------------------------------------------------------------------------------------------------
Agmt
- -------------------------------------------------------------------------------------------------
4409 Lunt's Inc. - Kincaid License & Supply Agmt 05-08-00
- -------------------------------------------------------------------------------------------------
4612 Wilson's Supermarket of Mor For Less License 01-14-2000
Jackson, LLC & Supply Agreement
- -------------------------------------------------------------------------------------------------
5749 Watkins Corporation Village Market License 12-02-99
& Supply Agmt
- -------------------------------------------------------------------------------------------------
5753 Haven Corporation - Darmstadt Village Market License 12-02-99
& Supply Agmt
- -------------------------------------------------------------------------------------------------
8151 Save-A-Lot of Princeton, Inc. Mor For Less License 12-06-95
dba Princeton Mor For Less & Supply Agreement
- -------------------------------------------------------------------------------------------------
8153 Save-A-Lot of Princeton, Inc. Mor For Less License 12-06-95
dba Cadiz Mor For Less & Supply Agreement
- -------------------------------------------------------------------------------------------------
8155 Save-A-Lot of Princeton, Inc. Mor For Less License 12-06-95
dba South Plaza Mor For Less & Supply Agreement
- -------------------------------------------------------------------------------------------------
8520 M & S Grocers, Inc. Mor For Less License 06-22-92
& Supply Agreement
- -------------------------------------------------------------------------------------------------
8531 Sav-A-Lot Food Store, Inc. Mor For Less License 12-27-99
& Supply Agreement
- -------------------------------------------------------------------------------------------------
32
Exhibit B to Schedule 6
Advantage Plus Savers Club Participating Store
Roundy's Milwaukee Division
- ------------------------------------------------------------------------------------------------------------------------
Store # Store Name Street Address City, State and Zip Owner
- ------------------------------------------------------------------------------------------------------------------------
1496 Pick `n Save Mauston 750 Union Street Mauston, WI Burnstad, Donald
53948
- ------------------------------------------------------------------------------------------------------------------------
1543 Pick `n Save Black P.O. Box 339/Hwy. A Black River Falls, Burnstad, Vic
Black River Falls WI 54615
- ------------------------------------------------------------------------------------------------------------------------
1546 Pick `n Save Tomah 701 E. Clifton Street Tomah, WI 54660 Burnstad, Vic
- ------------------------------------------------------------------------------------------------------------------------
1547 Pick `n Save #195 Richland Square, Hwy 14E Richland Center, WI Burnstad, Vic
Richland Ctr. 53581
- ------------------------------------------------------------------------------------------------------------------------
1635 Pick `n Save 10101 Market Street Mosinee, WI Maloney, Mark;
Cedar Creek 54455 Creske; Rivers
- ------------------------------------------------------------------------------------------------------------------------
2755 Pick `n Save 6655 McKee Road Madison, WI Gundlach, Gary
Maple Grove 53719
- ------------------------------------------------------------------------------------------------------------------------
2756 Pick `n Save 1505 Madison Avenue Fort Atkinson, WI Gundlach, Gary
Fort Atkinson 53538
- ------------------------------------------------------------------------------------------------------------------------
3708 Pick `n Save 303 Prairie View Road Chippewa Falls, WI Lambrecht, Rick
Chippewa Falls 54729 (President)
- ------------------------------------------------------------------------------------------------------------------------
5087 Pick `n Save 850 E. Maes Ave. Kimberly, WI 54136 Johanneson, Lance & Dedra
Kimberly East
- ------------------------------------------------------------------------------------------------------------------------
5205 Pick `n Save Wales W320 S1807 State Road 83 Wales, WI 53183 McAdams, John
- ------------------------------------------------------------------------------------------------------------------------
5207 Pick `n Save 100 East Geneva Square Lake Geneva, WI Stinebrink; Ed, Jerry,
Lk. Geneva 53147 Mark &
- ------------------------------------------------------------------------------------------------------------------------
5209 Pick `n Save Delavan 207 S. Wright Street Delavan, WI 53115 Stinebrink
Delavan (see Lake Geneva)
- ------------------------------------------------------------------------------------------------------------------------
5248 Pick `n Save W. 615 Highway 136 West Baraboo, WI Pierce; Dave, Angie,
W. Baraboo 53913 Dennis
- ------------------------------------------------------------------------------------------------------------------------
5274 Pick `n Save 5851 South Packard Ave. Cudahy, WI 53110 Serio, Frank & Doreen
Cudahy
- ------------------------------------------------------------------------------------------------------------------------
5378 Pick `n Save 1940 S. Koeller Drive Oshkosh, WI 54901 Prescott, George
Oshkosh
- ------------------------------------------------------------------------------------------------------------------------
6420 Pick `n Save 1120 Milwaukee Ave. Burlington, WI Spiegelhoff, Dave, Paul
Burlington 53105 & Tom
- ------------------------------------------------------------------------------------------------------------------------
6424 Pick `n Save 2915 New Pinery Road Portage, WI 53901 Spiegelhoff, Dave
Portage No.
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Store # Store Name Street Address City, State and Zip Owner
- ------------------------------------------------------------------------------------------------------------------------
6426 Pick `n Save 515 N. Milwaukee Street Waterford, WI 53185 Spiegelhoff, Dave
Waterford
- ------------------------------------------------------------------------------------------------------------------------
6428 Pick `n Save 445 S. Main Street Walworth, WI 53184 Spiegelhoff, Dave
Walworth
- ------------------------------------------------------------------------------------------------------------------------
6643 Pick `n Save 190 Woodlawn Drive Shawano, WI 54166 Jacobson, Jeff & Mike
Shawano
- ------------------------------------------------------------------------------------------------------------------------
7176 Pick `n Save 1188 W Fond du Lac St/P.O. 367 Ripon, WI 54971 Webster, Rob
Ripon
- ------------------------------------------------------------------------------------------------------------------------
Roundy's Savers Club Participating Stores
Roundy's Milwaukee Division
- ------------------------------------------------------------------------------------------------------------------------
Store # Store Name Street Address City, State Owner
- ------------------------------------------------------------------------------------------------------------------------
3650 Jim's Food Center 1019 River Street Belleville, W Olson, Jim
535081
- ------------------------------------------------------------------------------------------------------------------------
5240 Pierce Super Market 122 W. Nebraska/P.O. Box 46 Muscoda, WI 53573 Pierce; Dave, Angie,
Dennis
- ------------------------------------------------------------------------------------------------------------------------
5699 Ron & Lloyd's Family 490 Old Hwy. 51 Mosinee, WI Niemuth, Doug & Cheryl
Food Ctr 54455
- ------------------------------------------------------------------------------------------------------------------------
34
Annex I
to
Guarantee and Collateral Agreement
ASSUMPTION AGREEMENT, dated as of ________________, 200_, made
by ______________________________, a ______________ corporation (the "Additional
Grantor"), in favor of Bear Stearns Corporate Lending Inc., as administrative
agent (in such capacity, the "Administrative Agent") for the banks and other
financial institutions (the "Lenders") parties to the Credit Agreement referred
to below. All capitalized terms not defined herein shall have the meaning
ascribed to them in such Credit Agreement.
W I T N E S S E T H :
WHEREAS, Roundy's Acquisition Corp., a Delaware corporation,
Roundy's, Inc., a Wisconsin corporation (the "Borrower"), the Lenders, the
Administrative Agent and the other Agents have entered into a Credit Agreement,
dated as of June 6, 2002 (as amended, supplemented or otherwise modified from
time to time, the "Credit Agreement");
WHEREAS, in connection with the Credit Agreement, the Borrower
and certain of its Affiliates (other than the Additional Grantor) have entered
into the Guarantee and Collateral Agreement, dated as of June 6, 2002 (as
amended, supplemented or otherwise modified from time to time, the "Guarantee
and Collateral Agreement") in favor of the Administrative Agent for the benefit
of the Agents and the Lenders;
WHEREAS, the Credit Agreement requires the Additional Grantor
to become a party to the Guarantee and Collateral Agreement; and
WHEREAS, the Additional Grantor has agreed to execute and
deliver this Assumption Agreement in order to become a party to the Guarantee
and Collateral Agreement;
NOW, THEREFORE, IT IS AGREED:
1. Guarantee and Collateral Agreement. By executing and
delivering this Assumption Agreement, the Additional Grantor, as provided in
Section 8.15 of the Guarantee and Collateral Agreement, hereby becomes a party
to the Guarantee and Collateral Agreement as a Grantor thereunder with the same
force and effect as if originally named therein as a Grantor and, without
limiting the generality of the foregoing, hereby expressly assumes all
obligations and liabilities of a Grantor thereunder. The information set forth
in Annex 1-A hereto is hereby added to the information set forth in Schedules
____________* to the Guarantee and Collateral Agreement. The Additional Grantor
hereby represents and warrants that each of the representations and warranties
contained in Section 4 of the Guarantee and Collateral Agreement is true and
correct on and as the date hereof (after giving effect to this Assumption
Agreement) as if made on and as of such date.
________________________________
* Refer to Each Schedule which needs to be supplemented.
2. GOVERNING LAW. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED
BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF
NEW YORK.
IN WITNESS WHEREOF, the undersigned has caused this Assumption
Agreement to be duly executed and delivered as of the date first above written.
[ADDITIONAL GRANTOR]
By:________________________
Name:
Title:
Annex II
to
Guarantee and Collateral Agreement
ACKNOWLEDGEMENT AND CONSENT
The undersigned hereby acknowledges receipt of a copy of the Guarantee
and Collateral Agreement dated as of June 6, 2002 (the "Agreement"), made by the
Grantors parties thereto for the benefit of Bear Stearns Corporate Lending Inc.,
as Administrative Agent. The undersigned agrees for the benefit of the Agents
and the Lenders as follows:
1. The undersigned will be bound by the terms of the Agreement
and will comply with such terms insofar as such terms are applicable to the
undersigned.
2. The undersigned will notify the Administrative Agent
promptly in writing of the occurrence of any of the events described in Section
5.8(a) of the Agreement.
3. The terms of Sections 6.3(a) and 6.7 of the Agreement shall
apply to it, mutatis mutandis, with respect to all actions that may be required
of it pursuant to Section 6.3(a) or 6.7 of the Agreement.
[NAME OF ISSUER]
By __________________________________
Title _______________________________
Address for Notices:
_____________________________________
_____________________________________
Fax:_________________________________
EXHIBIT B
FORM OF COMPLIANCE CERTIFICATE
This Compliance Certificate is delivered to you pursuant to
Section 7.2 of the Credit Agreement, dated as of June 6, 2002 (as amended,
supplemented or otherwise modified from time to time, the "Credit Agreement"),
among Roundy's Acquisition Corp., a Delaware corporation, Roundy's, Inc., a
Wisconsin corporation (the "Borrower"), the several banks, financial
institutions and other entities from time to time parties thereto (the
"Lenders"), Bear, Stearns & Co. Inc., as sole lead arranger and sole bookrunner
(in such capacity, the "Lead Arranger"), Bear Stearns Corporate Lending Inc., as
administrative agent (in such capacity, the "Administrative Agent"), Canadian
Imperial Bank of Commerce, as syndication agent (in such capacity, the
"Syndication Agent"), and the institutions listed in the Credit Agreement as
documentation agents (in such capacity, the "Documentation Agent"). Terms
defined in the Credit Agreement and not otherwise defined herein are used herein
with the meanings so defined.
1. I am the duly elected, qualified and acting [Chief Financial
Officer] [Vice President - Finance] of the Borrower and execute this Compliance
Certificate solely in such capacity.
2. I have reviewed and am familiar with the contents of this
Certificate.
3. I have reviewed the terms of the Credit Agreement and the Loan
Documents and have made or caused to be made under my supervision, a review in
reasonable detail of the transactions and condition of the Borrower during the
accounting period covered by the financial statements attached hereto as
Attachment 1 (the "Financial Statements"). Such review did not disclose the
existence during or at the end of the accounting period covered by the Financial
Statements, and I have no knowledge of the existence, as of the date of this
Certificate, of any condition or event which constitutes a Default or Event of
Default [, except as set forth below].
4. Attached hereto as Attachment 2 are the computations showing
compliance with the covenants set forth in Section 8.1 of the Credit Agreement.
IN WITNESS WHEREOF, I execute this Certificate solely in my
capacity as [Chief Financial Officer] [Vice President - Finance] of the Borrower
this _____ day of ____, 200__.
ROUNDY'S, INC.
By:__________________
Title:
Attachment 2
to
EXHIBIT B
The information described herein is as of ______, 200_,
and pertains to the period from _________, 20_ to ________________ __, 20__.
[Set forth Covenant Calculations]
EXHIBIT C
FORM OF CLOSING CERTIFICATE
Pursuant to subsection 6.1(h) of the Credit Agreement dated as of
June 6, 2002 (the "Credit Agreement"; terms defined therein being used herein as
therein defined), among Roundy's Acquisition Corp., a Delaware corporation,
Roundy's, Inc., a Wisconsin corporation (the "Borrower"), the several banks,
financial institutions and other entities from time to time parties thereto (the
"Lenders"), Bear, Stearns & Co. Inc., as sole lead arranger and sole bookrunner
(in such capacity, the "Lead Arranger"), Bear Stearns Corporate Lending Inc., as
administrative agent (in such capacity, the "Administrative Agent"), Canadian
Imperial Bank of Commerce, as syndication agent (in such capacity, the
"Syndication Agent"), and the institutions listed in the Credit Agreement as
documentation agent (in such capacity, the "Documentation Agent"), the
undersigned [INSERT TITLE OF OFFICER] of [INSERT NAME OF COMPANY] (the
"Company") hereby certifies as follows:
1. The representations and warranties of the Company set forth in each of the
Loan Documents to which it is a party or which are contained in any certificate
furnished by or on behalf of the Company pursuant to any of the Loan Documents
to which it is a party are true and correct in all material respects on and as
of the date hereof with the same effect as if made on the date hereof, except
for representations and warranties expressly stated to relate to a specific
earlier date, in which case such representations and warranties were true and
correct in all material respects as of such earlier date.
2. ___________________ is the duly elected and qualified Corporate Secretary
of the Company and the signature set forth for such officer below is such
officer's true and genuine signature.
3. No Default or Event of Default has occurred and is continuing as of the date
hereof or after giving effect to the Loans to be made on the date hereof.
[Borrower only]
4. The conditions precedent set forth in Section 6.1 of the Credit Agreement
were satisfied or waived as of the Closing Date. [Borrower only]
5. The Consolidated EBITDA (calculated in accordance with Regulation S-X and
giving effect to certain other non-recurring adjustments acceptable to the Lead
Agents) for the twelve month period ended March 30, 2002, as determined on a pro
forma basis shall be at least $110,000,000 and the Consolidated Leverage Ratio
(calculated in accordance with Regulation S-X and giving effect to certain other
non-recurring adjustments acceptable to the Lead Agents) as determined from the
Pro Forma Balance Sheet shall not exceed 4.0 to 1.0. [Borrower only]
6. No consent or authorization of, filing with, notice to or other act by or in
respect of, any Governmental Authority or any other Person is required to be
obtained by a Loan Party in connection with the Transaction, the continuing
operations of Holdings, the Borrower and its Subsidiaries and the extensions of
credit pursuant to the Credit Agreement or with the execution, delivery,
performance, validity or enforceability of the Credit Agreement or any of the
Loan
2
Documents, except as otherwise provided for pursuant to Section 6.1(e) of the
Credit Agreement. [Borrower only]
The undersigned Corporate Secretary of the Company certifies as
follows:
1. There are no liquidation or dissolution proceedings pending or to my
knowledge threatened against the Company, nor has any other event occurred
materially adversely affecting or threatening the continued corporate existence
of the Company.
2. The Company is a corporation duly incorporated, validly existing and in good
standing under the laws of the jurisdiction of its organization.
3. Attached hereto as Annex 1 is a true and complete copy of resolutions duly
adopted by the Board of Directors of the Company on _________________; such
resolutions have not in any way been amended, modified, revoked or rescinded,
have been in full force and effect since their adoption to and including the
date hereof and are now in full force and effect [and are the only corporate
proceedings of the Company now in force relating to or affecting the matters
referred to therein.]
4. Attached hereto as Annex 2 is a true and complete copy of the By-Laws of the
Company as in effect on the date hereof.
5. Attached hereto as Annex 3 is a true and complete copy of the Certificate of
Incorporation of the Company as in effect on the date hereof, and such
certificate has not been amended, repealed, modified or restated.
6. The following persons are now duly elected and qualified officers of the
Company holding the offices indicated next to their respective names below, and
the signatures appearing opposite their respective names below are the true and
genuine signatures of such officers, and each of such officers is duly
authorized to execute and deliver on behalf of the Company each of the Loan
Documents to which it is a party and any certificate or other document to be
delivered by the Company pursuant to the Loan Documents to which it is a party:
Name Office Signature
---- ------ ---------
IN WITNESS WHEREOF, the undersigned have hereunto set our
names as of the date set forth below.
______________________________________ ___________________________________
Name: Name:
Title: Title:
Date: _______________, 2002
EXHIBIT D
FORM OF MORTGAGE
EXHIBIT E
FORM OF ASSIGNMENT AND ACCEPTANCE
Reference is made to the Credit Agreement, dated as of June 6,
2002 (as amended, supplemented or otherwise modified from time to time, the
"Credit Agreement"), among Roundy's Acquisition Corp., a Delaware corporation,
Roundy's, Inc., a Wisconsin corporation (the "Borrower"), the several banks,
financial institutions and other entities from time to time parties thereto (the
"Lenders"), Bear, Stearns & Co. Inc., as sole lead arranger and sole bookrunner
(in such capacity, the "Lead Arranger"), Bear Stearns Corporate Lending Inc., as
administrative agent (in such capacity, the "Administrative Agent"), Canadian
Imperial Bank of Commerce, as syndication agent (in such capacity, the
"Syndication Agent"), and the institutions listed in the Credit Agreement as
documentation agent (in such capacity, the "Documentation Agent"). Unless
otherwise defined herein, terms defined in the Credit Agreement and used herein
shall have the meanings given to them in the Credit Agreement.
1. The Assignor identified on Schedule l hereto (the "Assignor")
and the Assignee identified on Schedule l hereto (the "Assignee") agree as
follows:
2. The Assignor hereby irrevocably sells and assigns to the
Assignee without recourse to the Assignor, and the Assignee hereby irrevocably
purchases and assumes from the Assignor without recourse to the Assignor, as of
the Effective Date (as defined below), the interest described in Schedule 1
hereto (the "Assigned Interest") in and to the Assignor's rights and obligations
under the Credit Agreement with respect to those credit facilities contained in
the Credit Agreement as are set forth on Schedule 1 hereto (individually, an
"Assigned Facility"; collectively, the "Assigned Facilities"), in a principal
amount for each Assigned Facility as set forth on Schedule 1 hereto.
3. The Assignor (a) makes no representation or warranty and
assumes no responsibility with respect to any statements, warranties or
representations made in or in connection with the Credit Agreement or with
respect to the execution, legality, validity, enforceability, genuineness,
sufficiency or value of the Credit Agreement, any other Loan Document or any
other instrument or document furnished pursuant thereto, other than that the
Assignor is the legal owner and beneficial owner of the Assigned Interest and it
has not created any adverse claim upon the interest being assigned by it
hereunder and that such interest is free and clear of any such adverse claim;
(b) makes no representation or warranty and assumes no responsibility with
respect to the financial condition of the Borrower, any of its Subsidiaries or
any other obligor or the performance or observance by the Borrower, any of its
Subsidiaries or any other obligor of any of their respective obligations under
the Credit Agreement or any other Loan Document or any other instrument or
document furnished pursuant hereto or thereto; and (c) attaches any Notes held
by it evidencing the Assigned Facilities and (i) requests that the
Administrative Agent, upon request by the Assignee, exchange the attached Notes
for a new Note or Notes payable to the Assignee and (ii) if the Assignor has
retained any interest in the Assigned Facility, requests that the Administrative
Agent exchange the attached Notes for a new Note or Notes payable to the
Assignor, in each case in amounts which reflect the assignment
2
being made hereby (and after giving effect to any other assignments which have
become effective on the Effective Date).
4. The Assignee (a) represents and warrants that it is legally
authorized to enter into this Assignment and Acceptance; (b) confirms that it
has received a copy of the Credit Agreement, together with copies of the
financial statements delivered pursuant to subsection 5.1 thereof and such other
documents and information as it has deemed appropriate to make its own credit
analysis and decision to enter into this Assignment and Acceptance; (c) agrees
that it will, independently and without reliance upon the Assignor, the Agents
or any other Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under the Credit Agreement, the other Loan Documents or any
other instrument or document furnished pursuant hereto or thereto; (d) appoints
and authorizes the Agents to take such action as agent on its behalf and to
exercise such powers and discretion under the Credit Agreement, the other Loan
Documents or any other instrument or document furnished pursuant hereto or
thereto as are delegated to the Agents by the terms thereof, together with such
powers as are incidental thereto; and (e) agrees that it will be bound by the
provisions of the Credit Agreement and will perform in accordance with its terms
all the obligations which by the terms of the Credit Agreement are required to
be performed by it as a Lender including, if it is organized under the laws of a
jurisdiction outside the United States, its obligation pursuant to subsection
5.10 of the Credit Agreement.
5. The effective date of this Assignment and Acceptance shall be
the Effective Date of Assignment described in Schedule 1 hereto (the "Effective
Date"). Following the execution of this Assignment and Acceptance, it will be
delivered to the Administrative Agent for acceptance by it and recording by the
Administrative Agent pursuant to the Credit Agreement, effective as of the
Effective Date (which shall not, unless otherwise agreed to by the
Administrative Agent, be earlier than five Business Days after the date of such
acceptance and recording by the Administrative Agent).
6. Upon such acceptance and recording, from and after the
Effective Date, the Administrative Agent shall make all payments in respect of
the Assigned Interest (including payments of principal, interest, fees and other
amounts) to the Assignor for amounts which have accrued to the Effective Date
and to the Assignee for amounts which have accrued subsequent to the Effective
Date.
7. From and after the Effective Date, (a) the Assignee shall be a
party to the Credit Agreement and, to the extent provided in this Assignment and
Acceptance, have the rights and obligations of a Lender thereunder and under the
other Loan Documents and shall be bound by the provisions thereof and (b) the
Assignor shall, to the extent provided in this Assignment and Acceptance,
relinquish its rights and be released from its obligations under the Credit
Agreement.
This Assignment and Acceptance shall be governed by and construed in accordance
with the laws of the State of New York.
3
IN WITNESS WHEREOF, the parties hereto have caused this
Assignment and Acceptance to be executed as of the date first above written by
their respective duly authorized officers on Schedule 1 hereto.
Schedule 1
to Assignment and Acceptance
Name of Assignor: _______________________
Name of Assignee: _______________________
Effective Date of Assignment: _________________
Credit Principal Commitment Percentage Assigned /1/
____________________________ Amount Assigned
Facility Assigned
________________ $_______ _____._______%
____________________________________ ____________________________________
[Name of Assignee] [Name of Assignor]
By: ____________________________ By: ____________________________
Title: Title:
Accepted: [Consented To:]
_______________________________________, as [Name of Borrower]
Administrative Agent
By: _________________________________ By: __________________________________
Title: Title:
_________________________________, as
Administrative Agent
By:
====================================
Title:
- ---------------
/1/ Calculate the Commitment Percentage that is assigned to at lease 15 decimal
places and show as a percentage of the aggregate commitments of all Lenders.
EXHIBIT F-1
FORM OF LEGAL OPINION OF ___________________
EXHIBIT F-2
FORM OF LEGAL OPINION OF ________________
EXHIBIT G
FORM OF EXEMPTION CERTIFICATE
Reference is made to the Credit Agreement, dated as of June 6, 2002
(as amended, supplemented or otherwise modified from time to time, the "Credit
Agreement") among Roundy's Acquisition Corp., a Delaware corporation, Roundy's,
Inc., a Wisconsin corporation (the "Borrower"), the several banks, financial
institutions and other entities from time to time parties thereto (the
"Lenders"), Bear, Stearns & Co. Inc., as sole lead arranger and sole bookrunner
(in such capacity, the "Lead Arranger"), Bear Stearns Corporate Lending Inc., as
administrative agent (in such capacity, the "Administrative Agent"), Canadian
Imperial Bank of Commerce, as syndication agent (in such capacity, the
"Syndication Agent"), and the institutions listed in the Credit Agreement as
documentation agent (in such capacity, the "Documentation Agent"). Capitalized
terms used herein that are not defined herein shall have the meanings ascribed
to them in the Credit Agreement. ______________________ (the "Non-U.S. Lender")
is providing this certificate pursuant to subsection 4.10 (d) of the Credit
Agreement. The Non-U.S. Lender hereby represents and warrants that:
I. The Non-U.S. Lender is the sole record and beneficial owner of the
Loans or the obligations evidenced by Note(s) in respect of which it
is providing this certificate.
II. The Non-U.S. Lender is not a "bank" for purposes of Section
881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the
"Code"). In this regard, the Non-U.S. Lender further represents and
warrants that:
(a) the Non-U.S. Lender is not subject to regulatory or other legal
requirements as a bank in any jurisdiction; and
(b) the Non-U.S. Lender has not been treated as a bank for purposes
of any tax, securities law or other filing or submission made to any
Governmental Authority, any application made to a rating agency or
qualification for any exemption from tax, securities law or other
legal requirements;
(c) The Non-U.S. Lender is not a 10-percent shareholder of the
Borrower within the meaning of Section 881(c)(3)(B) of the Code; and
(d) The Non-U.S. Lender is not a controlled foreign corporation
receiving interest from a related person within the meaning of Section
881(c)(3)(C) of the Code.
3
IN WITNESS WHEREOF, the undersigned has duly executed this
certificate.
[NAME OF NON-U.S. LENDER]
By:______________________________
Name:
Title:
Date: ___________________________
EXHIBIT H-1
FORM OF TERM NOTE
THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MAY NOT BE TRANSFERRED EXCEPT
IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO
BELOW. TRANSFERS OF THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MUST BE
RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE
TERMS OF SUCH CREDIT AGREEMENT.
$____________ New York, New York
________ __, 2002
FOR VALUE RECEIVED, the undersigned, Roundy's, Inc., a Wisconsin
corporation (the "Borrower"), hereby unconditionally promises to pay to
_________________ (the "Lender") or its registered assigns at the Payment Office
specified in the Credit Agreement (as hereinafter defined) in lawful money of
the United States and in immediately available funds, the principal amount of
(a) ____________DOLLARS ($____), or, if less, (b) the unpaid principal amount of
the Term Loan of the Lender outstanding under the Credit Agreement. The
principal amount shall be paid in the amounts and on the dates specified in
Section 2.3 of the Credit Agreement. The Borrower further agrees to pay interest
in like money at such office on the unpaid principal amount hereof from time to
time outstanding at the rates and on the dates specified in Section 4.5 of the
Credit Agreement.
The holder of this Note is authorized to endorse on the schedules
annexed hereto and made a part hereof or on a continuation thereof which shall
be attached hereto and made a part hereof the date, Type and amount of the Term
Loan and the date and amount of each payment or prepayment of principal with
respect thereto, each conversion of all or a portion thereof to another Type,
each continuation of all or a portion thereof as the same Type and, in the case
of Eurodollar Loans, the length of each Interest Period with respect thereto.
Each such endorsement shall constitute prima facie evidence of the accuracy of
the information endorsed. The failure to make any such endorsement or any error
in any such endorsement shall not affect the obligations of the Borrower in
respect of the Term Loan.
This Note (a) is one of the Term Notes referred to in the Credit
Agreement dated as of June 6, 2002 (as amended, supplemented or otherwise
modified from time to time, the "Credit Agreement"), among the Borrower, the
Lender, the other banks and financial institutions or entities from time to time
parties thereto, Bear, Stearns & Co. Inc., as sole lead arranger and sole
bookrunner (in such capacity, the "Lead Arranger"), Bear Stearns Corporate
Lending Inc., as administrative agent (in such capacity, the "Administrative
Agent"), Canadian Imperial Bank of Commerce, as syndication agent (in such
capacity, the "Syndication Agent"), and the institutions listed in the Credit
Agreement as documentation agent (in such capacity, the "Documentation Agent"),
(b) is subject to the provisions of the Credit Agreement and (c) is subject to
optional and mandatory prepayment in whole or in part as provided in the Credit
Agreement. This Note is secured and guaranteed as provided in the Loan
Documents.
2
Reference is hereby made to the Loan Documents for a description of the
properties and assets in which a security interest has been granted, the nature
and extent of the security and the guarantees, the terms and conditions upon
which the security interests and each guarantee were granted and the rights of
the holder of this Note in respect thereof.
Upon the occurrence and during the continuance of any one or more of
the Events of Default, after notice to the Borrower from the Administrative
Agent, all principal and all accrued interest then remaining unpaid on this Note
shall become, or may be declared to be, immediately due and payable, all as
provided in the Credit Agreement.
All parties now and hereafter liable with respect to this Note,
whether maker, principal, surety, guarantor, endorser or otherwise, hereby waive
presentment, demand, protest and all other notices of any kind.
Unless otherwise defined herein, terms defined in the Credit Agreement
and used herein shall have the meanings given to them in the Credit Agreement.
NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN OR IN THE
CREDIT AGREEMENT, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AND IN
ACCORDANCE WITH THE REGISTRATION AND OTHER PROVISIONS OF SECTION 11.6 OF THE
CREDIT AGREEMENT.
THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
ROUNDY'S, INC.
By:__________________________
Name:
Title:
Schedule A
to Term Note
LOANS, CONVERSIONS AND REPAYMENTS OF BASE RATE LOANS
- ------------------------------------------------------------------------------------------------------------------------------------
Amount of Principal of Amount of Base Rate Unpaid Principal
Amount of Base Rate Amount Converted to Base Rate Loans Loans Converted to Balance of Base Rate Notation Made
Date Loans Base Rate Loans Repaid Eurodollar Loans Loans By
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Schedule B
to Term Note
LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EURODOLLAR LOANS
- ------------------------------------------------------------------------------------------------------------------------------------
Interest Period and Amount of Amount of
Amount Eurodollar Rate Principal of Eurodollar Loans Unpaid Principal
Amount of Converted to with Respect Eurodollar Loans Converted to Base Balance of Notation Made
Date Eurodollar Loans Eurodollar Loans Thereto Repaid Rate Loans Eurodollar Loans By
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EXHIBIT H-2
FORM OF REVOLVING CREDIT NOTE
THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MAY NOT BE TRANSFERRED EXCEPT
IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO
BELOW. TRANSFERS OF THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MUST BE
RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE
TERMS OF SUCH CREDIT AGREEMENT.
$____________ New York, New York
_________ __, 2002
FOR VALUE RECEIVED, the undersigned, Roundy's, Inc., a Wisconsin
corporation (the "Borrower"), hereby unconditionally promises to pay to
_______________ (the "Lender") or its registered assigns at the Payment Office
specified in the Credit Agreement (as hereinafter defined) in lawful money of
the United States and in immediately available funds, on the Revolving Credit
Termination Date the principal amount of (a) ________DOLLARS ($_____), or, if
less, (b) the aggregate unpaid principal amount of all Revolving Credit Loans of
the Lender outstanding under the Credit Agreement. The Borrower further agrees
to pay interest in like money at such Payment Office on the unpaid principal
amount hereof from time to time outstanding at the rates and on the dates
specified in Section 4.5 of the Credit Agreement.
The holder of this Note is authorized to endorse on the schedules
annexed hereto and made a part hereof or on a continuation thereof which shall
be attached hereto and made a part hereof the date, Type and amount of each
Revolving Credit Loan made pursuant to the Credit Agreement and the date and
amount of each payment or prepayment of principal thereof, each continuation
thereof, each conversion of all or a portion thereof to another Type and, in the
case of Eurodollar Loans, the length of each Interest Period with respect
thereto. Each such endorsement shall constitute prima facie evidence of the
accuracy of the information endorsed. The failure to make any such endorsement
or any error in any such endorsement shall not affect the obligations of the
Borrower in respect of any Revolving Credit Loan.
This Note (a) is one of the Revolving Credit Notes referred to in
the Credit Agreement dated as of June 6, 2002 (as amended, supplemented or
otherwise modified from time to time, the "Credit Agreement"), among the
Borrower, the Lender, the other banks, financial institutions and other entities
from time to time parties thereto, Bear, Stearns & Co. Inc., as sole lead
arranger and sole bookrunner (in such capacity, the "Lead Arranger"), Bear
Stearns Corporate Lending Inc., as administrative agent (in such capacity, the
"Administrative Agent"), Canadian Imperial Bank of Commerce, as syndication
agent (in such capacity, the "Syndication Agent"), and the institutions listed
in the Credit Agreement, as documentation agent (in such capacity, the
"Documentation Agent"), (b) is subject to the provisions of the Credit Agreement
and (c) is subject to optional and mandatory prepayment in whole or in part as
provided in the Credit Agreement. This Note is secured and guaranteed as
provided in the Loan Documents. Reference is hereby made to the Loan Documents
for a description of the properties and assets in which a security interest has
been granted, the nature and extent of the security and the
2
guarantees, the terms and conditions upon which the security interests and each
guarantee were granted and the rights of the holder of this Note in respect
thereof.
Upon the occurrence and during the continuance of any one or more
of the Events of Default, after notice to the Borrower from the Administrative
Agent, all principal and all accrued interest then remaining unpaid on this Note
shall become, or may be declared to be, immediately due and payable, all as
provided in the Credit Agreement.
All parties now and hereafter liable with respect to this Note,
whether maker, principal, surety, guarantor, endorser or otherwise, hereby waive
presentment, demand, protest and all other notices of any kind.
Unless otherwise defined herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit
Agreement.
NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN OR IN
THE CREDIT AGREEMENT, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AND IN
ACCORDANCE WITH THE REGISTRATION AND OTHER PROVISIONS OF SECTION 11.6 OF THE
CREDIT AGREEMENT.
THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
ROUNDY'S, INC.
By:_______________________________
Name:
Title:
Schedule A
to Revolving Credit Note
LOANS, CONVERSIONS AND REPAYMENTS OF BASE RATE LOANS
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Amount of Principal of Amount of Base Rate Unpaid Principal
Amount of Base Rate Amount Converted to Base Rate Loans Loans Converted to Balance of Base Rate Notation Made
Date Loans Base Rate Loans Repaid Eurodollar Loans Loans By
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Schedule B
to Revolving Credit Note
LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EURODOLLAR LOANS
- ------------------------------------------------------------------------------------------------------------------------------------
Interest Period and Amount of Amount of
Amount Eurodollar Rate Principal of Eurodollar Loans Unpaid Principal
Amount of Converted to with Respect Eurodollar Loans Converted to Base Balance of Notation Made
Date Eurodollar Loans Eurodollar Loans Thereto Repaid Rate Loans Eurodollar Loans By
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EXHIBIT H-3
FORM OF SWING LINE NOTE
THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MAY NOT BE TRANSFERRED EXCEPT
IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO
BELOW. TRANSFERS OF THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MUST BE
RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE
TERMS OF SUCH CREDIT AGREEMENT.
$____________ New York, New York
________ __, 2002
FOR VALUE RECEIVED, the undersigned, Roundy's, Inc., a Wisconsin
corporation (the "Borrower"), hereby unconditionally promises to pay to
___________________ (the "Swing Line Lender") or its registered assigns at the
Payment Office specified in the Credit Agreement (as hereinafter defined) in
lawful money of the United States and in immediately available funds, on the
Revolving Credit Termination Date the principal amount of (a) ________DOLLARS
($____________), or, if less, (b) the aggregate unpaid principal amount of all
Swing Line Loans made by the Swing Line Lender to the Borrower pursuant to
Section 3.3 of the Credit Agreement, as hereinafter defined. The Borrower
further agrees to pay interest in like money at such office on the unpaid
principal amount hereof from time to time outstanding at the rates and on the
dates specified in Section 4.5 of such Credit Agreement.
The holder of this Note is authorized to endorse on the schedules
annexed hereto and made a part hereof or on a continuation thereof which shall
be attached hereto and made a part hereof the date and amount of each Swing Line
Loan made pursuant to the Credit Agreement and the date and amount of each
payment or prepayment of principal thereof. Each such endorsement shall
constitute prima facie evidence of the accuracy of the information endorsed. The
failure to make any such endorsement or any error in any such endorsement shall
not affect the obligations of the Borrower in respect of any Swing Line Loan.
This Note (a) is one of the Swing Line Notes referred to in the Credit
Agreement dated as of June 6, 2002 (as amended, supplemented or otherwise
modified from time to time, the "Credit Agreement"), among the Borrower, the
Swing Line Lender, the other banks and financial institutions or entities from
time to time parties thereto, Bear, Stearns & Co. Inc., as sole lead arranger
and sole bookrunner (in such capacity, the "Lead Arranger"), Bear Stearns
Corporate Lending Inc., as administrative agent (in such capacity, the
"Administrative Agent"), Canadian Imperial Bank of Commerce, as syndication
agent (in such capacity, the "Syndication Agent"), and the institutions listed
in the Credit Agreement as documentation agent (in such capacity, the
"Documentation Agent"), (b) is subject to the provisions of the Credit Agreement
and (c) is subject to optional and mandatory prepayment in whole or in part as
provided in the Credit Agreement. This Note is secured and guaranteed as
provided in the Loan Documents. Reference is hereby made to the Loan Documents
for a description of the properties and assets in which a security interest has
been granted, the nature and extent of the security and the guarantees, the
terms and conditions upon which the security interests and each guarantee were
granted and the rights of the holder of this Note in respect thereof.
2
Upon the occurrence and during the continuance of any one or more of
the Events of Default, after notice to the Borrower from the Administrative
Agent, all principal and all accrued interest then remaining unpaid on this Note
shall become, or may be declared to be, immediately due and payable, all as
provided in the Credit Agreement.
All parties now and hereafter liable with respect to this Note,
whether maker, principal, surety, guarantor, endorser or otherwise, hereby waive
presentment, demand, protest and all other notices of any kind.
Unless otherwise defined herein, terms defined in the Credit Agreement
and used herein shall have the meanings given to them in the Credit Agreement.
NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN OR IN THE
CREDIT AGREEMENT, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AND IN
ACCORDANCE WITH THE REGISTRATION AND OTHER PROVISIONS OF SECTION 11.6 OF THE
CREDIT AGREEMENT.
THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
ROUNDY'S, INC.
By:________________________
Name:
Title:
Schedule A
to Swing Line Note
LOANS AND REPAYMENTS OF SWING LINE LOANS
- ---------------------------------------------------------------------------------------------------------------------------------
Date Amount of Swing Line Amount of Principal of Unpaid Principal Balance of Notation Made By
Loans Swing Line Loans Repaid Swing Line Loans
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