EXHIBIT 10(c)
FIRST AMENDMENT
FIRST AMENDMENT, dated as of November 21, 1996 (this "Amendment"), to
the Credit Agreement, dated as of August 23, 1996 (as amended, supplemented or
otherwise modified from time to time, the "Credit Agreement"), among CASE CREDIT
CORPORATION, a Delaware corporation (the "U.S. Borrower"), each FOREIGN
SUBSIDIARY BORROWER (as therein defined) (together with the U.S. Borrower, the
"Borrowers"), the Co-Agents named on the signature pages thereof (the "Co-
Agents"), the Lead Managers named on the signature pages thereof (the "Lead
Managers"), the several banks and other financial institutions from time to
time parties thereto (the "Lenders") and THE CHASE MANHATTAN BANK, a New York
banking corporation (as therein defined, the "Administrative Agent"), as
administrative agent for the Lenders hereunder.
WITNESSETH:
-----------
WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to
make, and have made, certain loans and other extensions of credit to the
Borrowers; and
WHEREAS, the Borrowers have requested, and, upon this Amendment
becoming effective, the Majority Lenders have agreed, that certain provisions of
the Credit Agreement be amended in the manner provided for in this Amendment;
NOW, THEREFORE, the parties hereto hereby agree as follows:
1. Defined Terms. Terms defined in the Credit Agreement and used
herein shall have the meanings given to them in the Credit Agreement.
2. Amendments to Credit Agreement. Subsection 2.3 of the Credit
Agreement is hereby amended by (a) deleting the words "at least (a)" contained
in the proviso of the first sentence of such subsection and inserting in lieu
thereof the words "(a) at least" and (b) deleting the words "(b) one Business
Day prior to" contained in the proviso of the first sentence of such subsection
and inserting in lieu thereof the words "(b) on".
3. Conditions to Effectiveness. This Amendment shall become
effective on the date (the "Amendment Effective Date") on which the Borrowers,
the Administrative Agent and the Majority Lenders shall have executed and
delivered to the Administrative Agent this Amendment.
4. Representations and Warranties. The representations and
warranties made by the Borrowers in the Credit Agreement are true and correct in
all material respects
2
on and as of the Amendment Effective Date, after giving effect to the
effectiveness of this Amendment, as if made on and as of the Amendment Effective
Date.
5. No Other Amendments; Confirmation. Except as expressly amended,
modified and supplemented hereby, the provisions of the Credit Agreement are and
shall remain in full force and effect.
6. Governing Law. This Amendment and the rights and obligations of
the parties hereto shall be governed by, and construed and interpreted in
accordance with, the laws of the State of New York.
7. Counterparts. This Amendment may be executed by one or more of the
parties to this Agreement on any number of separate counterparts, and all of
said counterparts taken together shall be deemed to constitute one and the same
instrument. A set of the copies of this Amendment signed by all the parties
shall be lodged with the U.S. Borrower and the Administrative Agent. This
Amendment may be delivered by facsimile transmission of the relevant signature
pages hereof.
3
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed and delivered by their proper and duly authorized officers as
of the day and year first above written.
CASE CREDIT CORPORATION
By: /S/ ROBERT A. WEGNER
----------------------------------------
Title: Vice President, CFO & Treasurer
THE CHASE MANHATTAN BANK, as
Administrative Agent and a Lender
By: /S/ TIMOTHY J. STORMS
----------------------------------------
Title: Credit Executive
THE ASAHI BANK, LTD., CHICAGO BRANCH
By: /S/ NOBUO SUZUKI
----------------------------------------
Title: General Manager
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
By: /S/ ROBERT SLOAN
----------------------------------------
Title: First Vice President
BANK OF AMERICA ILLINOIS
By: /S/ W. THOMAS BARNETT
----------------------------------------
Title: Vice President
4
BANK OF HAWAII
By: /S/ DONNA PARKER
----------------------------------------
Title: Assistant Vice President
BANK OF MONTREAL
By: /S/ MICHAEL D. PINCUS
----------------------------------------
Title: Managing Director
THE BANK OF NEW YORK
By: /S/ MARK T. FAMILO
----------------------------------------
Title: Assistant Vice President
THE BANK OF NOVA SCOTIA
By: /S/ F.C.H. ASHBY
----------------------------------------
Title: Senior Manager Loan Operations
THE BANK OF TOKYO-MITSUBISHI LTD.,
CHICAGO BRANCH
By: /S/ NOBORU KOBAYASHI
----------------------------------------
Title: Duty General Manager
BANQUE NATIONALE DE PARIS
By: /S/ FREDERICK H. MORYL, JR.
----------------------------------------
Title: Senior Vice President
5
CAISSE NATIONALE DE CREDIT AGRICOLE
By: /S/ W. LEROY STARTZ
----------------------------------------
Title: First Vice President
CANADIAN IMPERIAL BANK OF COMMERCE
By: /S/ ROBIN W. ELLIOTT
----------------------------------------
Title: Authorized Signatory
CANADIAN IMPERIAL BANK OF COMMERCE
By: /S/ ALEKSANDRA K. DYMANUS
----------------------------------------
Title: Authorized Signatory
CITIBANK, N.A.
By: /S/ DAVID L. HARRIS
----------------------------------------
Title: Vice President
COMMERZBANK AKTIENGESELLSCHAFT,
CHICAGO BRANCH
By: /S/ PAUL KARLIN
----------------------------------------
Title: Assistant Treasurer
By: /S/ MARK MONSON
----------------------------------------
Title: Vice President
6
COOPERATIEVE CENTRALE RAIFFEISEN-
BOERENLEENBANK B.A., "RABOBANK
NEDERLAND", NEW YORK BRANCH
By: /S/ MICHEL DE KONKOLY THEGE
----------------------------------------
Title: Deputy General Manager
By: /S/ CHRIS G. KORTLANDT
----------------------------------------
Title: Vice President
CREDIT LYONNAIS CHICAGO BRANCH
By: /S/ MARY ANN KLEMM
----------------------------------------
Title: Vice President & Group Head
CREDIT SUISSE
By: /S/ GEOFFREY M. CRAIG
----------------------------------------
Title: Member of Senior Management
By: /S/ KRISTINN R. KRISTINSSON
----------------------------------------
Title: Associate
THE FIRST NATIONAL BANK OF CHICAGO
By: /S/ TODD E. RITZ
----------------------------------------
Title: As authorized agent
7
FIRST UNION NATIONAL BANK OF NORTH
CAROLINA
By: /S/ THOMAS M. CAMBERN
----------------------------------------
Title: Vice President
THE FUJI BANK, LIMITED
By: /S/ PETER L. CHINNICI
----------------------------------------
Title: Joint General Manager
THE INDUSTRIAL BANK OF JAPAN, LTD.
By: /S/ HIROKI YAMADA
----------------------------------------
Title: General Manager
THE LTCB TRUST COMPANY, NEW YORK
By: /S/ JOHN SULLIVAN
----------------------------------------
Title: Executive Vice President
MELLON BANK, N.A.
By: /S/ J.M. ANDERSON
----------------------------------------
Title: Vice President
THE MITUSI TRUST & BANKING COMPANY,
LTD. - NEW YORK BRANCH
By: /S/ MARGARET HOLLOWAY
----------------------------------------
Title: Vice President & Manager
8
MORGAN GUARANTY TRUST COMPANY OF NEW YORK
By: /S/ CHARLES H. KING
----------------------------------------
Title: Vice President
NATIONAL AUSTRALIA BANK LIMITED
By: /S/ SHAUN DOOLEY
----------------------------------------
Title: Vice President
NATIONSBANK, N.A.
By: /S/ MARY CAROL DALY
----------------------------------------
Title: Vice President
NORDDEUTSCHE LANDESBANK
GIROZENTRALE NEW YORK BRANCH AND/OR
CAYMAN ISLANDS BRANCH
By: /S/ PETRA FRANK-WITT
----------------------------------------
Title: Vice President
By: /S/ STEPHEN K. HUNTER
----------------------------------------
Title: Senior Vice President
THE NORTHERN TRUST COMPANY
By: /S/ LISA M. TAYLOR
----------------------------------------
Title: Commerce Banking Officer
9
ROYAL BANK OF CANADA
By: /S/ PRESTON D. JONES
------------------------------------
Title: Senior Manager, Corporate Banking
THE SAKURA BANK, LIMITED
By: /S/ SHUNJI SAKURAI
------------------------------------
Title: Joint General Manager
THE SANWA BANK, LIMITED, CHICAGO BRANCH
By: /S/ JOSEPH P. HOWARD
------------------------------------
Title: Vice President
SOCIETE GENERALE
By: /S/ ERIC SIEBERT, JR.
------------------------------------
Title: Corporate Banking Member
THE SUMITOMO BANK, LTD. CHICAGO BRANCH
By: /S/ A. IWAN
------------------------------------
Title: Joint General Manager
10
THE SUMITOMO TRUST & BANKING CO., LTD.
NEW YORK BRANCH
By: /S/ SURAJ P. BHATIA
------------------------------------
Title: Senior Vice President & Manager,
Corporate Finance Department
THE TOKAI BANK, LIMITED CHICAGO BRANCH
By: /S/ TATSUO ITO
--------------------------------------
Title: Joint General Manager
TORONTO DOMINION (TEXAS), INC.
By: /S/ DARLENE RIEDEL
--------------------------------------
Title: Vice President
UNION BANK OF CALIFORNIA, N.A.
By: /S/ NANCY BRUSANTI-DIAS
-------------------------------------
Title: Vice President & Division Manager
UNION BANK OF SWITZERLAND, NEW YORK BRANCH
By: /S/ ALFRED IMHOLZ
------------------------------------
Title: Managing Director
By: /S/ JAN BUETTGEN
------------------------------------
Title: Vice President, Corporate Banking
11
WACHOVIA BANK OF GEORGIA, N.A.
By: /S/ ELIZABETH CORT
------------------------------------
Title: Vice President
WESTDEUTSCHE LANDESBANK
GIROZENTRALE, NEW YORK BRANCH
By: /S/ SALVATORE BATTINELLI
--------------------------------------
Title: Vice President
By: /S/ C.D. ROCKEY
--------------------------------------
Title: Associate
THE YASUDA TRUST & BANKING COMPANY
By: /S/ JOSEPH C. MEEK
-------------------------------------
Title: Deputy General Manager