AMENDMENT NO. 5
to
364-DAY REVOLVING CREDIT AGREEMENT
THIS AMENDMENT NO. 5 TO THE 364-DAY REVOLVING CREDIT AGREEMENT (the
"Amendment") is made as of March 10, 2005 by and among THE TJX COMPANIES, INC.
(the "Borrower"), the financial institutions listed on the signature pages
hereof (the "Lenders"), THE BANK OF NEW YORK, as administrative agent for the
Lenders (the "Administrative Agent"), JPMORGAN CHASE BANK, N.A. and BANK OF
AMERICA, N.A., as syndication agents (collectively, the "Syndication Agents")
and KEY BANK and UNION BANK OF CALIFORNIA, as documentation agents
(collectively, the "Documentation Agents").
WITNESSETH
WHEREAS, the Borrower, the Lenders, The Bank of New York, as successor
Administrative Agent to Bank One, N.A., JPMorgan Chase Bank and Bank of America,
N.A., as successor Syndication Agents to Fleet National Bank and The Bank of New
York, and Key Bank and Union Bank of California, as successor Documentation
Agents to Bank of America, N.A. and JPMorgan Chase Bank, N.A. entered into that
certain 364-Day Revolving Credit Agreement, dated as of March 26, 2002 (as
amended, restated, supplemented or otherwise modified from time to time, the
"Credit Agreement"; capitalized terms used herein, but not defined herein, shall
have the meanings ascribed to such terms in the Credit Agreement);
WHEREAS, the Borrower has requested that the Lenders agree to amend
certain provisions of the Credit Agreement, and the Lenders are willing to agree
to such amendments upon the terms and conditions contained in this Amendment;
WHEREAS, the parties have agreed to amend the Credit Agreement on the
terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the premises set forth above, the
terms and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree to the following amendments to the Credit Agreement:
1. Amendments to the Credit Agreement. Effective as of March 17,
2005 (the "Effective Date") and subject to the satisfaction of the conditions
precedent set forth in Section 2 below on or before March 17, 2005, the Credit
Agreement is hereby amended as follows:
1.1 Section 1.1 of the Credit Agreement is hereby amended by
deleting the date "March 17, 2005" now appearing in the definition of "Revolving
Loan Termination Date" and replacing it with the date "July 15, 2005. "
1.2 Sections 5.4 and 5.5 of the Credit Agreement are hereby amended
by deleting the date "January 25, 2003" and replacing it with the date "January
31, 2004."
2. Conditions of Effectiveness. The effectiveness of this Amendment
is subject to the conditions precedent that the Administrative Agent shall have
received the following on or before March 17, 2005:
(a) duly executed copies of this Amendment from each of the
Borrower, the Administrative Agent, the Syndication Agents, the Documentation
Agents and the Lenders;
(b) duly executed copies of a Reaffirmation in the form of
Attachment A attached hereto from each of the Subsidiaries identified thereon
(the "Reaffirmation");
(c) any fees payable to the Agents in connection with this Amendment
(including, but not limited to, the fees and expenses of counsel to the Agents);
(d) a Certificate of the Secretary of the Borrower and each party
executing the Reaffirmation (collectively, the "Credit Parties") (i) certifying
that there have been no changes in its respective certificate of incorporation
and by-laws (or equivalent governing documents) since ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇▇)
certifying as to the resolutions of the board of directors (or similar governing
body) of each such Credit Party approving and authorizing the execution,
delivery and performance of the Credit Agreement, as amended hereby, and the
other Loan Documents to which it is a party, and (iii) certifying as to the
incumbency and the signatures of the officers, identified by name and title, of
each such Credit Party authorized to execute this Amendment and the other Loan
Documents; and
(e) a copy of the certificate of good standing, existence or its
equivalent certified as of a recent date by the appropriate government authority
of the state of incorporation of the Borrower.
3. Representations and Warranties of the Borrower.
3.1 The Borrower hereby represents and warrants that this Amendment,
the Reaffirmation and the Credit Agreement as previously executed and as amended
hereby, constitute legal, valid and binding obligations of the Borrower and the
Subsidiaries parties thereto and are enforceable against the Borrower and the
Subsidiaries parties thereto in accordance with their terms (except as
enforceability may be limited by bankruptcy, insolvency or similar laws
affecting the enforcement of creditors' rights generally).
3.2 Upon the effectiveness of this Amendment and after giving effect
hereto, the Borrower hereby (i) reaffirms all representations and warranties
contained in Article V of the Credit Agreement, as amended hereby, and agrees
that all such representations and warranties are true and correct in all
material respects, as though made on and as of the Effective Date, except to the
extent any such representation or warranty is stated to relate solely to an
earlier date, in which case such representation or warranty shall be true and
correct on and as of such earlier date and (ii) certifies to the Agents and the
Lenders that no Default or Unmatured Default has occurred and is continuing.
4. Reference to the Effect on the Credit Agreement.
4.1 Upon the effectiveness of Section 1 hereof, on and after the
date hereof, each reference in the Credit Agreement or in any other Loan
Document (including any reference therein to "this Credit Agreement,"
"hereunder," "hereof," "herein" or words of like import referring thereto) or in
any other Loan Document shall mean and be a reference to the Credit Agreement as
amended hereby.
4.2 Except as specifically amended above, the Credit Agreement and
all other documents, instruments and agreements executed and/or delivered in
connection therewith, shall remain in full force and effect, and are hereby
ratified and confirmed.
4.3 The execution, delivery and effectiveness of this Amendment
shall not operate as a waiver of any right, power or remedy of the
Administrative Agent or the Lenders, nor constitute a waiver of any provision of
the Credit Agreement or any other documents, instruments and agreements executed
and/or delivered in connection therewith.
5. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE INTERNAL LAWS (INCLUDING 735 ILCS 105/5-1 ET SEQ., BUT
OTHERWISE WITHOUT REGARD TO THE CONFLICT OF LAW PROVISIONS) OF THE STATE OF
ILLINOIS, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.
6. Headings. Section headings in this Amendment are included herein
for convenience of reference only and shall not constitute a part of this
Amendment for any other purpose.
7. Counterparts. This Amendment may be executed by one or more of
the parties to this Amendment on any number of separate counterparts and all of
said counterparts taken together shall be deemed to constitute one and the same
instrument.
IN WITNESS WHEREOF, this Amendment has been duly executed as of the
day and year first above written.
THE TJX COMPANIES, INC., as the Borrower
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President - Finance
Treasurer
THE BANK OF NEW YORK, as Administrative
Agent and as a Lender
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Vice President
BANK OF AMERICA, N.A., as a Syndication
Agent and as a Lender
By: /s/ ▇▇▇▇ ▇▇▇▇▇
Name: ▇▇▇▇ ▇▇▇▇▇
Title: Vice President
JPMORGAN CHASE BANK, N.A., as a
Syndication Agent and as a Lender
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Vice President
FIFTH THIRD BANK, as a Lender
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Corporate Banking Officer
UNION BANK OF CALIFORNIA, N.A., as a
Documentation Agent and as a Lender
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President
KEY BANK NATIONAL ASSOCIATION, as a
Documentation Agent and as a Lender
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Senior Vice President
PNC BANK, NATIONAL ASSOCIATION,
as a Lender
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Managing Director
MELLON BANK, N.A., as a Lender
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇, ▇▇.
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇, ▇▇.
Title: Assistant Vice President
ROYAL BANK OF SCOTLAND PLC, as a Lender
By: /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇
Name: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ Fuiks
Title: Senior Vice President
U.S. BANK NATIONAL ASSOCIATION,
as a Lender
By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Assistant Vice President
THE BANK OF NOVA SCOTIA, as a Lender
By: /s/ ▇. ▇. ▇▇▇▇▇▇▇
Name: ▇. ▇. ▇▇▇▇▇▇▇
Title: Managing Director
SUNTRUST BANK, N.A., as a Lender
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Vice President
CITIZENS BANK OF MASSACHUSETTS,
as a Lender
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Senior Vice President
SOVEREIGN BANK, as a Lender
By: /s/ ▇▇▇▇▇▇ ▇. ▇. ▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇. ▇. ▇▇▇▇▇
Title: Senior Vice President
▇▇▇▇▇ FARGO BANK, NATIONAL ASSOCIATION,
as a Lender
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Title: VP
ATTACHMENT A
REAFFIRMATION
Each of the undersigned hereby acknowledges receipt of a copy of the
foregoing Amendment No. 5 to the 364-Day Revolving Credit Agreement dated as of
March 26, 2002 by and among The TJX Companies, Inc. (the "Borrower"), the
financial institutions from time to time party thereto (the "Lenders"), THE BANK
OF NEW YORK ("BNY"), in its individual capacity and as administration agent
("Administrative Agent"), BANK OF AMERICA, N.A. and JPMORGAN CHASE BANK, as
syndication agents (the "Syndication Agents") and KEY BANK and UNION BANK OF
CALIFORNIA, as documentation agents (the "Documentation Agents") (as amended by
an Amendment No. 1 dated as of May 3, 2002, an Amendment No. 2 dated as of July
19, 2002, an Amendment No. 3 dated as of March 24, 2003 and an Amendment No. 4
dated as of March 17, 2004, and as the same may be amended, restated,
supplemented or otherwise modified from time to time, the "Credit Agreement"),
which Amendment No. 5 is dated as of March 10, 2005 (the "Amendment").
Capitalized terms used in this Reaffirmation and not defined herein shall have
the meanings given to them in the Credit Agreement. Without in any way
establishing a course of dealing by the Administrative Agent, the Syndication
Agents, the Documentation Agents or any Lender, each of the undersigned
reaffirms the terms and conditions of the Facility Guaranty and any other Loan
Document executed by it and acknowledges and agrees that such agreement and each
and every such Loan Document executed by the undersigned in connection with the
Credit Agreement remains in full force and effect and is hereby reaffirmed,
ratified and confirmed. All references to the Credit Agreement contained in the
above-referenced documents shall be a reference to the Credit Agreement as so
modified by the Amendment and as the same may from time to time hereafter be
amended, modified or restated.
Dated: March 10, ▇▇▇▇
▇.▇. ▇▇▇▇ ▇▇ ▇▇, LLC
T.J. MAXX OF IL, LLC
MARMAXX OPERATING CORP.
MARSHALLS OF MA, INC.
NBC OPERATING, LP (as successor in interest to NBC OPERATING, LLC)
MARSHALLS OF RICHFIELD, MN, INC.
▇▇▇▇▇▇ BUYING COMPANY OF CA, INC.
HOMEGOODS, INC.
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President, Treasurer
MARSHALLS OF CA, LLC
MARSHALLS OF IL, LLC
NBC TRUST
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Treasurer
NBC, FOURTH REALTY CORP.
MARSHALL'S OF NEVADA, INC.
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Treasurer
CONCORD BUYING GROUP INC.
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President, Treasurer