EXHIBIT 10(a)(2)
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
CORPORATION, a Delaware corporation (the "U.S. Borrower"), CASE CANADA
CORPORATION/CORPORATION CASE CANADA, a company organized under the laws of the
province of Ontario, Canada (the "Canadian Borrower"), each FOREIGN SUBSIDIARY
BORROWER (as defined therein) (together with the U.S. Borrower and the Canadian
Borrower, the "Borrowers"), the Co-Agents 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 BANK OF NOVA SCOTIA, a
Canadian chartered bank (as therein defined, the "Canadian Administrative
Agent") and THE CHASE MANHATTAN BANK, a New York banking corporation (as therein
defined, the "General Administrative Agent") as administrative agents for the
Lenders thereunder.
WITNESSETH:
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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. (a) Subsection 2.3 of the Credit
Agreement is hereby amended by (i) 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 (ii) 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";
(b) Subsection 5.3 of the Credit Agreement is hereby amended by
deleting the words "at least one Business Day prior to" contained in the proviso
of the first sentence of such subsection and inserting in lieu thereof the word
"on"; and
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(c) Subsection 6.2(a) of the Credit Agreement is hereby amended by
deleting the words" 11:00 A.M., Toronto time, one Business Day prior to" and
inserting in lieu thereof the words "9:30 A.M., Toronto time, on".
3. Conditions to Effectiveness. This Amendment shall become effective
on the date (the "Amendment Effective Date") on which the Borrowers, the
General Administrative Agent and the Majority Lenders shall have executed and
delivered to the General 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 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 General Administrative Agent.
This Amendment may be delivered by facsimile transmission of the relevant
signature pages hereof.
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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 CORPORATION
By: /S/ BENSON K. WOO
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Title: Vice President & Treasurer
CASE CANADA CORPORATION/CORPORATION
CASE CANADA
By: /S/ BENSON K. WOO
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Title: Vice President & Treasurer
THE CHASE MANHATTAN BANK, as General
Administrative Agent and a Lender
By: /S/ TIMOTHY J. STORMS
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Title: Credit Executive
THE CHASE MANHATTAN BANK OF CANADA
By: /S/ OWEN ROBERTS
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Title: Vice President
THE CHASE MANHATTAN BANK OF CANADA
By: /S/ ARUN BERY
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Title: Vice President
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THE BANK OF NOVA SCOTIA, as
Canadian Administrative Agent
and a Lender
By: /S/ JUDY MCKAY
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Title: Relationship Manager
By: /S/ F.C.H. ASHBY
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Title: Senior Manager Loan Operations
ABN AMRO BANK N.V. CHICAGO BRANCH
By: /S/ DAVID C. SAGERS
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Title: Vice President
By: /S/ CHRISTINE E. HOLMES
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Title: Vice President
ARAB BANKING CORPORATION (B.S.C.)
By: /S/ GRANT E. MCDONALD
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Title: Vice President
THE ASAHI BANK, LTD., CHICAGO BRANCH
By: /S/ NOBUO SUZUKI
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Title: General Manager
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AUSTRALIA AND NEW ZEALAND BANKING
GROUP LIMITED
By: /S/ ROBERT SLOAN
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Title: First Vice President
BANK AUSTRIA AKTIENGESELLSCHAFT
By: /S/ J. ANTHONY SEAY
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Title: Vice President
By: /S/ KAREN JILL
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Title: Assistant Vice President
BANCA COMMERCIALE ITALIANA, CHICAGO
BRANCH
By: /S/ JULIAN M. TEODORI
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Title: Senior Vice President & Branch Manager
By: /S/ MARK D. MOONEY
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Title: Vice President
BANCA COMMERCIALE ITALIANA OF
CANADA
By: /S/ PIETRO CORDOVA
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Title: Department Manager
By: /S/ MASSIMO OSTI
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Title: Executive Vice President
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BANK OF AMERICA NATIONAL TRUST AND
SAVINGS ASSOCIATION
By: /S/ W. THOMAS BARNETT
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Title: Vice President
BANK OF AMERICA CANADA
By: /S/ D.B. LINKLETTER
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Title: Vice President
BANK OF HAWAII
By: /S/ DONNA PARKER
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Title: Assistant Vice President
BANK OF MONTREAL
By: /S/ MICHAEL D. PINCUS
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Title: Managing Director
THE BANK OF NEW YORK
By: /S/ MARK T. FAMILO
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Title: Assistant Vice President
THE BANK OF TOKYO - MITSUBISHI LTD.,
CHICAGO BRANCH
By: /S/ NOBORU KOBAYASHI
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Title: Deputy General Manager
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BANQUE NATIONALE DE PARIS
By: /S/ FREDERICK H. MORYL, JR.
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Title: Senior Vice President
CAISSE NATIONALE DE CREDIT AGRICOLE
By: /S/ W. LEROY STARTZ
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Title: First Vice President
CANADIAN IMPERIAL BANK OF COMMERCE
By: /S/ ALEKSANDRA DYMANUS
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Title: Authorized Signatory
By: /S/ MARY L. SCHMITZ
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Title: Authorized Signatory
THE CHUO TRUST & BANKING CO., LTD. NEW
YORK AGENCY
By: /S/ SADAO TERUYAMA
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Title: Deputy General Manager
CITIBANK, N.A.
By: /S/ DAVID L. HARRIS
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Title: Vice President
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CITIBANK CANADA
By: /S/ MARGARET E. LAMBERT
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Title: Vice President
COMMERZBANK AKTIENGESELLSCHAFT,
CHICAGO BRANCH
By: /S/ PAUL KARLIN
------------------------------------
Title: Assistant Treasurer
By: /S/ MARK MONSON
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Title: Vice President
COOPERATIVE 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
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Title: Vice President & Group Head
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CREDIT SUISSE
By: /S/ GEOFFREY M. CRAIG
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Title: Member of Senior Management
By: /S/ KRISTINN R. KRISTINSSON
------------------------------------
Title: Associate
THE DAI-ICHI KANGYO BANK, LTD.
By: /S/ MITSUAKI YAMAZAKI
------------------------------------
Title: Vice President
THE FIRST NATIONAL BANK OF CHICAGO
By: /S/ SARAH FAULKNER PAGLIONE
------------------------------------
Title: Authorized Agent
THE FUJI BANK, LIMITED
By: /S/ PETER L. CHINNICI
------------------------------------
Title: Joint General Manager
HERITAGE BANK AND TRUST
By: /S/ SUSAN P. JENSEN
------------------------------------
Title: Vice President
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THE INDUSTRIAL BANK OF JAPAN, LTD.
By: /S/ HIROKI YAMADA
------------------------------------
Title: General Manager
ISTITUTO BANCARIO SAN PAOLO DI TORINO SPA
By: /S/ CARLO PERSICO
------------------------------------
Title: Deputy General Manager
By: /S/ ROBERT WURSTER
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Title: First Vice President
THE LTCB TRUST COMPANY, NEW YORK
By: /S/ JOHN SULLIVAN
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Title: Executive Vice President
MELLON BANK, N.A.
By: /S/ J.M. ANDERSON
------------------------------------
Title: Vice President
THE MITUSI TRUST AND BANKING COMPANY,
LTD. - NEW YORK BRANCH
By: /S/ MARGARET HOLLOWAY
------------------------------------
Title: Vice President & Manager
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MORGAN GUARANTY TRUST COMPANY OF NEW YORK
By: /S/ CHARLES H. KING
-----------------------------------------
Title: Vice President
J.P MORGAN CANADA
By: /S/ JOHN MAYNARD
-----------------------------------------
Title: Vice President & Controller
NATIONAL AUSTRALIA BANK LIMITED
By: /S/ SHAUN DOOLEY
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Title: Vice President
NATIONSBANK, N.A.
By: /S/ MARY CAROL DALY
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Title: Vice President
NORDDEUTSCHE LANDESBANK
GIROZENTRALE NEW YORK BRANCH AND/OR
CAYMAN ISLANDS BRANCH
By: /S/ PETRA FRANK-WITT
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Title: Vice President
By: /S/ STEPHEN K. HUNTER
-----------------------------------------
Title: Senior Vice President
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THE NORTHERN TRUST COMPANY
By: /S/ LISA M. TAYLOR
------------------------------------------
Title: Commercial Banking Officer
PT. BANK NEGARA INDONESIA (PERSERO)
By: /S/ DEWA SUTHAPA
-----------------------------------------
Title: General Manager
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
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THE SUMITOMO BANK, LTD., CHICAGO BRANCH
By: /S/ A. IWAN
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Title: Joint General Manager
THE SUMITOMO TRUST & BANKING CO., LTD.
NEW YORK BRANCH
By: /S/ SURAJ P. BHATIA
-----------------------------------------
Title: Senior Vice President & Manager
Corporate Finance Dept.
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
TORONTO DOMINION (TEXAS), INC.
By: /S/ DAVID G. PARKER
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Title: Manager, Credit Administration
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THE TORONTO-DOMINION BANK
By: /S/ DAVID PANKHURST
-----------------------------------------
Title: Manager
THE TORONTO-DOMINION BANK
By: /S/ G. COOMBS
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Title: Vice President
UNION BANK OF CALIFORNIA, N.A.
By: /S/ NANCY BRUSATI-DIAS
-----------------------------------------
Title: Vice President & Division Manager
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, Credit Department
By: /S/ C.D. ROCKEY
-----------------------------------------
Title: Associate
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THE YASUDA TRUST & BANKING COMPANY, LTD.
By: /S/ JOSEPH C. MEEK
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Title: Deputy General Manager