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EXHIBIT 4(i)
Amended and Restated Credit Agreement, dated as of
December 5, 2000, among
the Registrant, as Borrower;
the subsidiaries of the Registrant who are
also borrowers from time to time;
the lenders party thereto;
▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ INC.,
as Syndication Agent;
CREDIT LYONNAIS NEW YORK BRANCH,
as Co-Documentation Agent;
BANK ONE, MICHIGAN, as successor to NBD BANK,
as Co-Documentation Agent;
THE CHASE MANHATTAN BANK,
as Administrative Agent; and
CHASE SECURITIES INC., as Lead Arranger and Book Manager
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AMENDED AND RESTATED CREDIT AGREEMENT
among
THE SCOTTS COMPANY,
as Borrower,
The Subsidiary Borrowers Party Hereto,
The Several Lenders From Time to Time Party Hereto,
▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ INC.,
as Syndication Agent
CREDIT LYONNAIS NEW YORK BRANCH,
as Co-Documentation Agent,
BANK ONE, MICHIGAN, as successor to NBD BANK,
as Co-Documentation Agent,
and
THE CHASE MANHATTAN BANK,
as Administrative Agent
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Dated as of December 5, 2000
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CHASE SECURITIES INC.,
as Lead Arranger and as Book Manager
TABLE OF CONTENTS
PAGE
I. Amendment and Restatement.
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II. Defined Terms.
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III. Amendments to Credit Agreement.
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1. Amendments to Subsection 1.1 of the Credit Agreement...................................5
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2. Amendment to Section 2 of the Credit Agreement.........................................8
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3. Amendment to Subsection 2.2 of the Credit Agreement....................................8
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4. Amendment to Subsection 2.3 of the Credit Agreement....................................9
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5. Amendment to Subsection 2.9 of the Credit Agreement...................................10
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6. Amendment to Subsection 2.11(b) of the Credit Agreement...............................10
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7. Amendment to Subsection 2.12(g) of the Credit Agreement...............................10
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8. Amendment to Subsection 2.18(a) of the Credit Agreement...............................11
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9. Amendment To Subsection 2.18(c) Of The Credit Agreement...............................11
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10. Amendments to Subsection 2.22(c) of the Credit Agreement..............................11
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11. Amendment to Subsection 2.24 of the Credit Agreement..................................11
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12. Amendment to Subsection 2.28(a) of the Credit Agreement...............................12
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13. Amendment to Subsection 4.9 of the Credit Agreement...................................12
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14. Amendment to Subsection 4.23 of the Credit Agreement..................................12
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15. Amendment to Subsection 6.11 of the Credit Agreement..................................12
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16. Amendment to Subsection 9.2 of the Credit Agreement...................................12
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17. Amendment to Subsection 9.9 of the Credit Agreement...................................13
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18. Amendment to Subsection 10.6(c) of the Credit Agreement...............................13
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19. Amendment to Annex A to the Credit Agreement..........................................13
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20. Schedule 1A to the Credit Agreement...................................................13
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21. Form of New Lender Supplement.........................................................13
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22. Amendment to Exhibit L of the Credit Agreement........................................13
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23. Prepayment Pursuant to Subsection 2.12(f) of the Credit Agreement.....................13
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24. Consent to Amendment to Subsection 1.1 of the Intercreditor Agreement.................13
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25. Consent to Execution and Delivery of Acknowledgment and Confirmation..................14
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IV. Representations And Warranties.
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1. General...............................................................................14
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2. Financial Condition...................................................................14
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V. Conditions To Effectiveness Of This Amendment And Restatement.
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1. Execution of Agreement................................................................15
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2. Commitment Increase Supplements and New Lender Supplements............................15
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3. Acknowledgment and Confirmation of Guarantee and Collateral Agreements and
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Intercreditor Agreement...............................................................15
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4. Consent...............................................................................15
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5. Notes.................................................................................15
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6. Financial Statements..................................................................16
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7. Fees..................................................................................16
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8. Business Plan.........................................................................16
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9. Legal Opinion of Counsel to the Borrower and the Domestic Subsidiary Borrowers........16
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10. Corporate Proceedings of the Borrower and Its Subsidiaries............................16
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11. No Proceeding or Litigation; No Injunctive Relief.....................................17
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12. Consents, Licenses, Approvals, Etc....................................................17
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13. Representations and Warranties........................................................17
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14. No Default or Event of Default........................................................18
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15. Borrowing Certificate.................................................................18
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16. Additional Matters....................................................................18
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17. Additional Information................................................................18
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VI. General Provisions.
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1. Continuing Effect; No Other Amendments................................................18
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2. Expenses..............................................................................18
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3. New Tranche B Term Lenders............................................................18
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4. GOVERNING LAW.........................................................................19
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5. Counterparts..........................................................................19
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6. No Recourse to Officers...............................................................19
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AMENDED AND RESTATED CREDIT AGREEMENT, dated as of December 5,
2000 (this "AMENDMENT AND RESTATEMENT") of the Credit Agreement, dated as of
December 4, 1998, as amended by the Waiver, dated as of January 19, 1999, the
Amendment No. 1 and Consent, dated as of October 13, 1999, the Waiver No. 2,
dated as of February 14, 2000 and the Amendment No. 2, dated as of June 9, 2000
(the "CREDIT AGREEMENT"), among THE SCOTTS COMPANY, an Ohio corporation (the
"BORROWER" or "SCOTTS"), ▇▇ ▇▇▇▇▇ International Investments Ltd., Miracle Garden
Care Limited, Scotts Holdings Limited, Hyponex Corporation, Scotts Manufacturing
Company, Scotts-Sierra Horticultural Products Company, Republic Tool &
Manufacturing Corp., Scotts-Sierra Investments, Inc., Scotts France Holdings
SARL, Scotts Holding GmbH, Scotts Celaflor GmbH & Co. KG, Scotts France SARL,
Scotts Belgium BVBA, The Scotts Company (UK) Ltd., Scotts Canada Ltd., Scotts
International B.V., ASEF B.V., Scotts Australia PTY Ltd., and the other
subsidiaries of the Borrower who are also borrowers from time to time under the
Credit Agreement (the "SUBSIDIARY BORROWERS"), the several banks and other
financial institutions from time to time parties to the Credit Agreement (the
"LENDERS"), THE CHASE MANHATTAN BANK, a New York banking corporation (together
with its banking affiliates, "CHASE"), as agent for the Lenders (in such
capacity, the "ADMINISTRATIVE AGENT"), ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, INC., as
syndication agent (the "SYNDICATION AGENT"), CREDIT LYONNAIS NEW YORK BRANCH
(together with its banking affiliates, "CREDIT LYONNAIS") and BANK ONE,
MICHIGAN, as successor to NBD BANK, as co-documentation agents (the
"CO-DOCUMENTATION AGENTS"), and Chase Securities Inc., as lead arranger (the
"LEAD ARRANGER") and as the book manager (the "BOOK MANAGER").
W I T N E S S E T H :
- - - - - - - - - -
WHEREAS, the Borrower wishes to amend and restate certain
provisions contained in the Credit Agreement as set forth herein; and
WHEREAS, the Lenders and the Administrative Agent consent to
the proposed amendments and restatements on and subject to the terms and
conditions set forth herein;
NOW, THEREFORE, in consideration of the premises and of the
mutual agreements herein contained, the parties hereto agree as follows:
I. AMENDMENT AND RESTATEMENT. The parties hereto hereby agree
that the Credit Agreement shall be amended and restated by incorporating the
Credit Agreement by reference herein with the amendments thereto as expressly
set forth herein.
II. DEFINED TERMS. Unless otherwise defined herein,
capitalized terms have the meanings given to them in the Credit Agreement.
III. AMENDMENTS TO CREDIT AGREEMENT.
1. AMENDMENTS TO SUBSECTION 1.1 OF THE CREDIT AGREEMENT.
(a) Subsection 1.1 of the Credit Agreement is hereby amended
by adding the following definitions in appropriate alphabetical order:
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"ACCEPTING LENDERS" shall have the meaning set forth in
subsection 2.12(g).
"AMENDMENT AND RESTATEMENT" shall mean this Amended and
Restated Credit Agreement, dated as of December 5, 2000.
"AMENDMENT AND RESTATEMENT EFFECTIVE DATE" shall have the
meaning set forth in Section V of the Amendment and Restatement.
"NEW LENDER SUPPLEMENT" shall have the meaning set forth in
subsection 2.28(a).
"NEW REVOLVING CREDIT LENDER" shall have the meaning set forth
in subsection 2.28(a).
"NEW TRANCHE B PREPAYMENT AMOUNT" shall have the meaning set
forth in subsection 2.12(g).
"NEW TRANCHE B TERM COMMITMENT" shall mean as to any New
Tranche B Term Lender, the obligation of such Lender to make a New Tranche B
Term Loan to the Borrower hereunder in a principal amount not to exceed the
amount set forth under the heading "New Tranche B Term Commitment" opposite such
Lender's name on Schedule 1A. The original aggregate amount of the New Tranche B
Term Commitments is $260,000,000.
"NEW TRANCHE B TERM LENDER" shall mean each Lender that has a
New Tranche B Term Commitment or that holds a New Tranche B Term Loan.
"NEW TRANCHE B TERM LOAN" shall have the meaning set forth in
subsection 2.1A.
"NEW TRANCHE B TERM LOAN TERMINATION DATE" shall mean December
31, 2007.
"NEW TRANCHE B TERM PERCENTAGE" shall mean as to any Lender at
any time, the percentage which such Lender's New Tranche B Term Commitment then
constitutes of the aggregate New Tranche B Term Commitments (or, at any time
after the Amendment and Restatement Effective Date, the percentage which the
aggregate principal amount of such Lender's New Tranche B Term Loans then
outstanding constitutes of the aggregate principal amount of the New Tranche B
Term Loans then outstanding).
"PREPAYMENT DATE" shall have the meaning set forth in
subsection 2.13(g).
"PREPAYMENT OPTION NOTICE" shall have the meaning set forth in
subsection 2.13(g).
"2000 CONFIDENTIAL INFORMATION MEMORANDUM" shall mean the
confidential information memorandum distributed to the Lenders, dated November
2000.
(b) Subsection 1.1 of the Credit Agreement is hereby further
amended by deleting the definitions of "Agreement", "Applicable Margin",
"Commitment", "Facility", "Facility Fee Rate", "Fee Letter", "Revolving Credit
Commitment", "Term Commitment", "Term Lenders",
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"Term Loans", "Term Loan Notes" and "Termination Date" in their respective
entireties, and substituting in lieu thereof the following definitions:
"AGREEMENT" shall mean this Credit Agreement, as amended,
supplemented or otherwise modified prior to the Amendment and Restatement
Effective Date, as amended and restated by the Amendment and Restatement, and as
the same may be amended, supplemented or otherwise modified from time to time.
"APPLICABLE MARGIN" shall mean for each Type of Loan, the rate
per annum set forth under the relevant column heading in the Pricing Grid.
"COMMITMENT" shall mean as to any Lender (i) from the period
commencing on the Closing Date and ending immediately prior to the Amendment and
Restatement becoming effective in accordance with its terms, the sum of the
Tranche A Term Commitment, the Tranche B Term Commitment, the Tranche C Term
Commitment and the Revolving Credit Commitment of such Lender and (ii)
thereafter, the sum of the Tranche A Term Commitment, the New Tranche B Term
Commitment and the Revolving Credit Commitment of such Lender.
"FACILITY" shall mean (i) from the period commencing on the
Closing Date and ending immediately prior to the Amendment and Restatement
becoming effective in accordance with its terms, each of (a) the Tranche A Term
Commitments and the Tranche A Term Loans made thereunder (the "TRANCHE A TERM
FACILITY"), (b) the Tranche B Term Commitments and the Tranche B Term Loans made
thereunder (the "TRANCHE B TERM FACILITY"), (c) the Tranche C Term Commitments
and the Tranche C Term Loans made thereunder (the "TRANCHE C TERM FACILITY") and
(d) the Revolving Commitments and the extensions of credit made thereunder (the
"REVOLVING FACILITY") and (ii) thereafter, each of (a) the Tranche A Term
Facility, (b) the New Tranche B Term Commitments and the New Tranche B Term
Loans made thereunder (the "NEW TRANCHE B TERM FACILITY") and (c) the Revolving
Facility.
"FACILITY FEE RATE" shall mean the rate per annum set forth
under the relevant column heading in the Pricing Grid.
"FEE LETTER" shall mean the letter, dated as of November 3,
2000, from the Administrative Agent and CSI to the Borrower.
"REVOLVING CREDIT COMMITMENT" shall mean as to any Lender, the
obligation of such Lender, if any, to make Revolving Credit Loans and
participate in Swingline Loans and Letters of Credit in an aggregate principal
and/or face amount not to exceed the amount set forth under the heading
"Revolving Credit Commitment" opposite such Lender's name on Schedule 1 or in
the Assignment and Acceptance pursuant to which such Lender became a party
hereto, as the same may be changed from time to time pursuant to the terms
hereof. The original amount of the Total Revolving Credit Commitments was
$500,000,000 and, as of the Amendment and Restatement Effective Date, the amount
of the Total Revolving Credit Commitments, as increased pursuant to subsection
2.28, shall be $575,000,000.
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"TERM COMMITMENTS" shall mean (i) during the period commencing
on the Closing Date and ending immediately prior to the Amendment and
Restatement becoming effective in accordance with its terms, the collective
reference to the Tranche A Term Commitments, the Tranche B Term Commitments and
the Tranche C Term Commitments and (ii) thereafter, the collective reference to
the Tranche A Term Commitments and the New Tranche B Term Commitments.
"TERM LENDERS" shall mean (i) during the period commencing on
the Closing Date and ending immediately prior to the Amendment and Restatement
becoming effective in accordance with its terms, the collective reference to the
Tranche A Term Lenders, the Tranche B Term Lenders and the Tranche C Term
Lenders and (ii) thereafter, the collective reference to the Tranche A Term
Lenders and the New Tranche B Term Lenders.
"TERM LOANS" shall mean (i) during the period commencing on
the Closing Date and ending immediately prior to the Amendment and Restatement
becoming effective in accordance with its terms, the collective reference to the
Tranche A Term Loans, Tranche B Term Loans and Tranche C Term Loans and (ii)
thereafter, the collective reference to the Tranche A Term Loans and the New
Tranche B Term Loans.
"TERM LOAN NOTES" shall mean (i) during the period commencing
on the Closing Date and ending immediately prior to the Amendment and
Restatement becoming effective in accordance with its terms, the collective
reference to any and all Notes in respect of the Tranche A Term Loans, Tranche B
Term Loans and Tranche C Term Loans and (ii) thereafter, the collective
reference to any and all Notes in respect of the Tranche A Term Loans and the
New Tranche B Term Loans.
"TERMINATION DATE" shall mean the Tranche A Term Loan
Termination Date, the Tranche B Term Loan Termination Date, the Tranche C Term
Loan Termination Date, the New Tranche B Term Loan Termination Date or the
Revolving Credit Termination Date, as the context requires.
2. AMENDMENT TO SECTION 2 OF THE CREDIT AGREEMENT. (a) Section
2 of the Credit Agreement is hereby amended by adding the following new
subsection 2.1A immediately after subsection 2.1 thereof:
"2.1A NEW TRANCHE B TERM COMMITMENTS. Subject to the terms and
conditions hereof each New Tranche B Term Lender severally agrees to make a term
loan (a "NEW TRANCHE B TERM LOAN") in Dollars to the Borrower on the Amendment
and Restatement Effective Date in an amount not to exceed the amount of the New
Tranche B Term Commitment of such Lender. The New Tranche B Term Loans may from
time to time be LIBOR Loans or ABR Loans, as determined by the Borrower and
notified to the Administrative Agent in accordance with subsections 2.2(b) and
2.14."
3. AMENDMENT TO SUBSECTION 2.2 OF THE CREDIT AGREEMENT.
Subsection 2.2 of the Credit Agreement is hereby amended by:
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(i) adding the following new paragraph (b) immediately after
paragraph (a) thereof:
"(b) The Borrower may borrow under the New Tranche B Term
Commitments on the Amendment and Restatement Effective Date; PROVIDED that the
Borrower shall give the Administrative Agent irrevocable notice ((1) which
notice must be received by the Administrative Agent prior to 11:00 A.M., New
York City time on the Amendment and Restatement Effective Date, in the case of
ABR Loans and (2) which notice must be received by the Administrative Agent
prior to 11:00 A.M., New York City time three Business Days prior to the
Amendment and Restatement Effective Date, in the case of LIBOR Loans in
Dollars), specifying (i) the amount to be borrowed, (ii) the requested Borrowing
Date, (iii) whether the borrowing is to be an ABR Loan or a LIBOR Loan or a
combination thereof, (iv) if the borrowing is to be entirely or partly a LIBOR
Loan, the amount to be a LIBOR Loan and (v) the length of the Interest Period
for such LIBOR Loan. Each ABR borrowing by the Borrower pursuant to the New
Tranche B Term Commitments shall be in an aggregate principal amount equal to
$1,000,000 or a whole multiple of $500,000 in excess thereof. Each LIBOR
borrowing in Dollars by the Borrower pursuant to the New Tranche B Term
Commitments shall be in an aggregate principal amount equal to $1,000,000 or a
whole multiple of $1,000,000 in excess thereof."
(ii) by renaming paragraph (b) thereof as paragraph (c).
4. AMENDMENT TO SUBSECTION 2.3 OF THE CREDIT AGREEMENT.
Subsection 2.3 of the Credit Agreement is hereby amended by adding the following
new paragraph (d) immediately after paragraph (c) thereof:
"(d) The New Tranche B Term Loan of each New Tranche B Term
Lender shall mature in 27 consecutive quarterly installments, commencing on June
30, 2001, each of which shall be in an amount equal to such Lender's New Tranche
B Term Percentage multiplied by the amount set forth below opposite such
installment.
Installment Principal Amount
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June 30, 2001 $250,000
September 30, 2001 $250,000
December 31, 2001 $250,000
March 31, 2002 $250,000
June 30, 2002 $250,000
September 30, 2002 $250,000
December 31, 2002 $250,000
March 31, 2003 $250,000
June 30, 2003 $250,000
September 30, 2003 $250,000
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Installment Principal Amount
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December 31, 2003 $250,000
March 31, 2004 $250,000
June 30, 2004 $250,000
September 30, 2004 $250,000
December 31, 2004 $250,000
March 31, 2005 $250,000
June 30, 2005 $250,000
September 30, 2005 $250,000
December 31, 2005 $250,000
March 31, 2006 $250,000
June 30, 2006 $250,000
September 30, 2006 $250,000
December 31, 2006 $250,000
March 31, 2007 $63,500,000
June 30, 2007 $63,500,000
September 30, 2007 $63,500,000
December 31, 2007 $63,750,000
5. AMENDMENT TO SUBSECTION 2.9 OF THE CREDIT AGREEMENT.
Subsection 2.9 of the Credit Agreement is hereby amended by deleting the final
sentence of such subsection and substituting in lieu thereof the following:
"The Borrower also agrees to pay to the Agents, without
duplication, (i) the fees described in the Commitment Letter, dated October 16,
1998, from the Agents, CSI and Salomon Brothers Holding Company to the Borrower
and (ii) the fees described in the Fee Letter."
6. AMENDMENT TO SUBSECTION 2.11(b) OF THE CREDIT AGREEMENT.
Subsection 2.11(b) of the Credit Agreement is hereby amended by deleting such
subsection in its entirety.
7. AMENDMENT TO SUBSECTION 2.12(g) OF THE CREDIT AGREEMENT.
Subsection 2.12(g) of the Credit Agreement is hereby amended by deleting such
subsection in its entirety and substituting in lieu thereof the following:
"(g) Notwithstanding anything to the contrary in subsection
2.12(f) or 2.18, with respect to the amount of any optional prepayment described
in subsection 2.11 that is allocated to New Tranche B Term Loans (such amount,
the "NEW TRANCHE B PREPAYMENT AMOUNT"), at any time when Tranche A Term Loans
remain outstanding, the Borrower will, in lieu of applying such amount to the
prepayment of New Tranche B Term Loans, as provided in paragraph (f) above, on
the date specified in subsection 2.11 for such prepayment, give the
Administrative Agent telephonic notice (promptly confirmed in writing)
requesting that the Administrative
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Agent prepare and provide to each New Tranche B Term Lender a notice (each, a
"PREPAYMENT OPTION NOTICE") as described below. As promptly as practicable after
receiving such notice from the Borrower, the Administrative Agent will send to
each New Tranche B Term Lender a Prepayment Option Notice, which shall be in the
form of Exhibit L, and shall include an offer by the Borrower to prepay on the
date (each a "PREPAYMENT DATE") that is 10 Business Days after the date of the
Prepayment Option Notice, the relevant Term Loans of such Lender by an amount
equal to the portion of the New Tranche B Prepayment Amount indicated in such
Lender's Prepayment Option Notice as being applicable to such Lender's New
Tranche B Term Loans. On the Prepayment Date, (i) the Borrower shall pay to the
relevant New Tranche B Term Lenders the aggregate amount necessary to prepay
that portion of the outstanding relevant Term Loans in respect of which such
Lenders have accepted prepayment as described above (such Lenders, the
"ACCEPTING LENDERS") and (ii) the Borrower shall pay to the Tranche A Lenders an
amount equal to the portion of the New Tranche B Prepayment Amount not accepted
by the Accepting Lenders, and such amount shall be applied to the prepayment of
the Tranche A Term Loans; PROVIDED that each Tranche A French Subtranche Term
Loan Lender and each Tranche A German Subtranche Term Loan Lender may refuse in
accordance with a procedure adopted by the Administrative Agent similar to that
set forth above for the application of any portion of such New Tranche B
Prepayment Amount to the prepayments of such Term Loans."
8. AMENDMENT TO SUBSECTION 2.18(a) OF THE CREDIT AGREEMENT.
Subsection 2.18(a) of the Credit Agreement is hereby amended by deleting
therefrom the phrase "Tranche B Term Percentages, Tranche C Term Percentages"
and substituting in lieu thereof the phrase "New Tranche B Term Percentages".
9. AMENDMENT TO SUBSECTION 2.18(c) OF THE CREDIT AGREEMENT.
Subsection 2.18(c) of the Credit Agreement is hereby amended by (i) deleting the
phrase "the Tranche B Term Loans and the Tranche C Term Loans" wherever it
appears therein and substituting in lieu thereof the phrase "New Tranche B Term
Loans" or the phrase "and the New Tranche B Term Loans" as the context requires
and (ii) deleting subsection 2.18(c)(i)(B) in its entirety and substituting in
lieu thereof the following:
"(B) if such Asset Sale is of any other assets, to the extent
that such Term Loans are then outstanding, to the New Tranche B Term Loans and
thereafter as provided above."
10. AMENDMENTS TO SUBSECTION 2.22(c) OF THE CREDIT AGREEMENT.
Subsection 2.22(c) of the Credit Agreement is hereby amended by deleting
therefrom the phrase "Tranche B Term Loans and Tranche C Term Loans" and
substituting in lieu thereof the phrase "New Tranche B Term Loans".
11. AMENDMENT TO SUBSECTION 2.24 OF THE CREDIT AGREEMENT.
Subsection 2.24 of the Credit Agreement is hereby amended by adding the
following paragraph (c) immediately after paragraph (b) thereof:
"(c) The proceeds of the New Tranche B Term Loans on the
Amendment and Restatement Effective Date shall be used by the Borrower (i) to
refinance the Tranche B Term
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Loans and the Tranche C Term Loans under the Credit Agreement and (ii) for
working capital and other general corporate purposes of the Borrower."
12. AMENDMENT TO SUBSECTION 2.28(a) OF THE CREDIT AGREEMENT.
Subsection 2.28 of the Credit Agreement is hereby amended by deleting such
subsection in its entirety and substituting in lieu thereof the following:
"2.28 COMMITMENT INCREASES. (a) From time to time the Borrower
may, with the consent of the Administrative Agent and one or more (i) of the
Revolving Credit Lenders and/or (ii) banks or other financial institutions
arranged by CSI in consultation with the Borrower (each such entity a "NEW
REVOLVING CREDIT Lender"), increase the Total Revolving Credit Commitments by an
aggregate amount of not less than $25,000,000, which increase shall be provided
by such Revolving Credit Lenders and/or New Revolving Credit Lenders. Any such
increase in the Total Revolving Credit Commitments shall be evidenced by (x) in
the case of clause (i) above, the execution and delivery by the Borrower, the
Subsidiary Borrowers, the Administrative Agent and such Revolving Credit Lender
of a Commitment Increase Supplement, substantially in the form of Exhibit N (a
"COMMITMENT INCREASE SUPPLEMENT") and (y) in the case of clause (ii) above, the
execution and delivery by the Borrower, the Subsidiary Borrowers, the
Administrative Agent and such New Revolving Credit Lender of a New Lender
Supplement, substantially in the form of Exhibit O (a "NEW LENDER SUPPLEMENT"),
and shall be effective as of the date specified for effectiveness in such
Commitment Increase Supplement or New Lender Supplement, as the case may be,
whereupon such Revolving Credit Lender or New Revolving Credit Lender shall be
bound by and entitled to the benefits of this Agreement with respect to the full
amount of its Revolving Credit Commitment as so increased or provided, and
Schedule 1 shall be deemed to be amended to so increase the Revolving Credit
Commitment of such Revolving Credit Lender and/or add the name and Revolving
Credit Commitment of such New Revolving Credit Lender."
13. AMENDMENT TO SUBSECTION 4.9 OF THE CREDIT AGREEMENT.
Subsection 4.9 of the Credit Agreement is hereby amended by inserting therein,
immediately prior to the phrase "and the Transaction Agreements", the phrase ",
the 2000 Confidential Information Memorandum".
14. AMENDMENT TO SUBSECTION 4.23 OF THE CREDIT AGREEMENT.
Subsection 4.23 of the Credit Agreement is hereby deleted in its entirety.
15. AMENDMENT TO SUBSECTION 6.11 OF THE CREDIT AGREEMENT.
Subsection 6.11 of the Credit Agreement is hereby amended by deleting therefrom
the phrase "of any fiscal quarter of the Borrower" and substituting in lieu
thereof the phrase "of the second, third and fourth fiscal quarters of any
fiscal year of the Borrower".
16. AMENDMENT TO SUBSECTION 9.2 OF THE CREDIT AGREEMENT.
Subsection 9.2 of the Credit Agreement is hereby amended by deleting therefrom
the phrase "the Tranche B Term Loans and the Tranche C Term Loans" and
substituting in lieu thereof the phrase "the New Tranche B Term Loans".
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17. AMENDMENT TO SUBSECTION 9.9 OF THE CREDIT AGREEMENT.
Subsection 9.9 of the Credit Agreement is hereby amended by deleting therefrom
the phrase "the Tranche B Term Loans and the Tranche C Term Loans" and
substituting in lieu thereof the phrase "the New Tranche B Term Loans".
18. AMENDMENT TO SUBSECTION 10.6(c) OF THE CREDIT AGREEMENT.
Subsection 10.6(c) of the Credit Agreement is hereby amended by (i) deleting
therefrom the phrase "$2,000,000 in the aggregate of the Tranche B Term
Commitment or the Tranche C Term Commitment" and substituting in lieu thereof
the phrase "$1,000,000 of the New Tranche B Term Commitment" and (ii) deleting
the phrase "Tranche B Term Loans or Tranche C Term Loans" wherever it appears
therein and substituting in lieu thereof the phrase "New Tranche B Term Loans".
19. AMENDMENT TO ANNEX A TO THE CREDIT AGREEMENT. Annex A to
the Credit Agreement is hereby amended by deleting such Annex in its entirety
and substituting in lieu thereof the Annex A attached to this Amendment and
Restatement.
20. SCHEDULE 1A TO THE CREDIT AGREEMENT. The Credit Agreement
is hereby amended by incorporating therein Schedule 1A to this Amendment and
Restatement.
21. FORM OF NEW LENDER SUPPLEMENT. The Credit Agreement is
hereby amended by adding a new Exhibit O in the form attached to this Amendment
and Restatement as Annex B.
22. AMENDMENT TO EXHIBIT L OF THE CREDIT AGREEMENT. Exhibit L
to the Credit Agreement is hereby amended by deleting such exhibit in its
entirety and substituting in lieu thereof a new Exhibit L in the form attached
to this Amendment and Restatement as Annex C.
23. PREPAYMENT PURSUANT TO SUBSECTION 2.12(f) OF THE CREDIT
AGREEMENT. Pursuant to the provisions of subsection 2.12(f) of the Credit
Agreement, the Lenders party hereto (which, together with the Lenders executing
the Consent (substantially in the form of Annex E to this Amendment and
Restatement) shall include the Required Prepayment Lenders) hereby agree that
prepayments of the Term Loans with the proceeds of the New Tranche B Term Loans
shall not be applied ratably as among the Term Loans, PROVIDED that the proceeds
of the New Tranche B Term Loans shall be applied to the prepayment in full of
the Tranche B Term Loans and the Tranche C Term Loans.
24. CONSENT TO AMENDMENT TO SUBSECTION 1.1 OF THE
INTERCREDITOR AGREEMENT. The Majority Lenders (as such term is defined in the
Intercreditor Agreement) hereby (or by the execution and delivery of the Consent
(substantially in the form of Annex E to this Amendment and Restatement) consent
to the amendment of subsection 1.1 of the Intercreditor Agreement by deleting
the definition of "Majority Lenders" contained therein in its entirety and
substituting in lieu thereof the following definition:
"MAJORITY LENDERS": (a) during the period commencing on the
Closing Date and ending on the day prior to the Amendment and Restatement
Effective Date, (i) the holders of more than 50% of the aggregate unpaid
principal amount of the Tranche A British Subtranche
15
Term Loans PLUS (ii) the holders of more than 50% of the aggregate unpaid
principal amount of the Tranche A French Subtranche Term Loans PLUS (iii) the
holders of more than 50% of the aggregate unpaid principal amount of the Tranche
A German Subtranche Term Loans PLUS (iv) the holders of more than 50% of the
aggregate unpaid principal amount of the Tranche B Term Loans PLUS (v) the
holders of more than 50% of the aggregate unpaid principal amount of the Tranche
C Term Loans PLUS (vi) the Majority Revolving Facility Lenders, and (b) as of
the Amendment and Restatement Effective Date and thereafter, (i) the holders of
more than 50% of the aggregate unpaid principal amount of the Tranche A British
Subtranche Term Loans PLUS (ii) the holders of more than 50% of the aggregate
unpaid principal amount of the Tranche A French Subtranche Term Loans PLUS (iii)
the holders of more than 50% of the aggregate unpaid principal amount of the
Tranche A German Subtranche Term Loans PLUS (iv) the holders of more than 50% of
the aggregate unpaid principal amount of the New Tranche B Term Loans PLUS (v)
the Majority Revolving Facility Lenders.
25. CONSENT TO EXECUTION AND DELIVERY OF ACKNOWLEDGMENT AND
CONFIRMATION. The Majority Lenders (as such term is defined in the Intercreditor
Agreement) hereby (or by the execution and delivery of the Consent
(substantially in the form of Annex E to this Amendment and Restatement))
consent to the execution and delivery by the Administrative Agent of the
Acknowledgment and Confirmation of Guarantee and Collateral Agreements and
Intercreditor Agreement referred to in paragraph 3 of Section V hereof.
IV. REPRESENTATIONS AND WARRANTIES.
1. GENERAL. On and as of the date hereof, and after giving
effect to this Amendment and Restatement, each of the Borrower and each
applicable Subsidiary Borrower hereby confirms, reaffirms and restates the
representations and warranties set forth in Section 4 of the Credit Agreement as
amended hereby (with references therein to "the Agreement" being deemed for this
purpose to refer to this Amendment and Restatement). To the extent that such
representations and warranties expressly relate to a specific earlier date, each
of the Borrower and each applicable Subsidiary Borrower hereby confirms,
reaffirms and restates such representations and warranties as of such earlier
date.
2. FINANCIAL CONDITION. The Borrower hereby represents and
warrants to the Administrative Agent and to each Lender that the consolidated
balance sheet of the Borrower and its consolidated Subsidiaries as at September
30, 1999 and the related consolidated statements of income and of cash flows for
the fiscal year ended on such date, reported on by Pricewaterhouse Coopers
L.L.P. and the unaudited consolidated statements of income and of cash flows for
the fiscal period ended July 1, 2000, copies of which have heretofore been
delivered to each of the Lenders, are complete and correct and present fairly in
all material respects the consolidated financial condition of the Borrower and
its consolidated Subsidiaries as at such respective dates, and the consolidated
results of their operations and their consolidated cash flows for the fiscal
year or fiscal period then ended. All such financial statements, including the
related schedules and notes thereto, have been prepared in accordance with GAAP
applied consistently throughout the periods involved (except as approved by such
accountants and as disclosed therein). Neither the Borrower nor any of its
consolidated Subsidiaries had, at the date of the balance sheet referred to
above, any material obligation, contingent liability or
16
liability for taxes, or any long-term lease or unusual forward or long-term
commitment, including without limitation, any interest rate or foreign currency
swap or exchange transaction, which is not reflected in the foregoing statements
or in Schedule 4.1 to the Agreement. Since September 30, 1999, there has been no
development or event which has had or could reasonably be expected to have a
Material Adverse Effect.
V. CONDITIONS TO EFFECTIVENESS OF THIS AMENDMENT AND
RESTATEMENT. This Amendment and Restatement shall become effective on the date
upon which the conditions set forth in this Section V shall have been satisfied
(the "AMENDMENT AND RESTATEMENT EFFECTIVE DATE") and the obligation of each New
Tranche B Term Lender to make its New Tranche B Term Loan, of each Revolving
Credit Lender to continue to make Revolving Credit Loans and of the Issuing
Lender to continue to issue any Letter of Credit requested to be issued by it
hereunder is subject to the satisfaction of the following conditions precedent
on or prior to December 5, 2000:
1. EXECUTION OF AGREEMENT. The Administrative Agent shall have
received this Amendment and Restatement, executed and delivered by the Borrower
and each of the Subsidiary Borrowers party to this Amendment and Restatement as
of the Amendment and Restatement Effective Date, by the New Tranche B Term
Lenders, by the Majority Facility Lenders in respect of the Tranche A Term
Facility and the Revolving Facility.
2. COMMITMENT INCREASE SUPPLEMENTS AND NEW LENDER SUPPLEMENTS.
The Administrative Agent shall have received Commitment Increase Supplements
from each Revolving Credit Lender providing an increased Revolving Credit
Commitment and New Lender Supplements from each New Revolving Credit Lender
providing a Revolving Credit Commitment pursuant to subsection 2.28 of the
Agreement.
3. ACKNOWLEDGMENT AND CONFIRMATION OF GUARANTEE AND COLLATERAL
AGREEMENTS AND INTERCREDITOR AGREEMENT. The Administrative Agent shall have
received the Acknowledgment and Confirmation of Guarantee and Collateral
Agreements and Intercreditor Agreement (substantially in the form of Annex D to
this Amendment and Restatement), duly executed and delivered by duly authorized
officers of the parties thereto.
4. CONSENT. The Administrative Agent shall have received the
Consent (substantially in the form of Annex E to this Amendment and
Restatement), duly executed and delivered by those Lenders which, together with
the Tranche B Term Lenders and Tranche C Term Lenders executing and delivering
this Amendment and Restatement, constitute the Majority Facility Lenders in
respect of the Tranche B Term Facility and the Tranche C Term Facility.
5. NOTES. Each requesting New Tranche B Term Lender and New
Revolving Credit Lender shall have received a Term Note or a Revolving Credit
Note, as the case may be, each duly executed and delivered by a duly authorized
officer of the Borrower and each applicable Subsidiary Borrower.
17
6. FINANCIAL STATEMENTS. The Required Prepayment Lenders and
New Tranche B Term Lenders shall have received (i) audited financial statements
of the Borrower for the 1997, 1998 and 1999 fiscal years, and (ii) unaudited
interim consolidated financial statements of the Borrower for each fiscal
quarter ended after September 30, 1999 as to which such financial statements are
available and such financial statements shall not, in the reasonable judgment of
the Lenders, reflect any material adverse change in the consolidated financial
condition of the Borrower and its Subsidiaries from that reflected in the
financial statements or projections contained in the 2000 Confidential
Information Memorandum.
7. FEES. The Administrative Agent, the Arranger and the
Lenders each shall have received for its own account all fees and any other
amounts payable on the Amendment and Restatement Effective Date pursuant to the
Fee Letter or pursuant to the Agreement and all expenses for which invoices have
been presented on or before the Amendment and Restatement Effective Date.
8. BUSINESS PLAN. The Lenders shall have received a
satisfactory business plan for fiscal years 2001 through 2007 of the Borrower
and a satisfactory written analysis of the business and prospects of the
Borrower and its Subsidiaries for the period from the Amendment and Restatement
Effective Date.
9. LEGAL OPINION OF COUNSEL TO THE BORROWER AND THE DOMESTIC
SUBSIDIARY BORROWERS. The Administrative Agent and each Lender shall have
received an executed legal opinion of Vorys, ▇▇▇▇▇, ▇▇▇▇▇▇▇ and ▇▇▇▇▇ LLP,
special counsel to the Borrower and its Domestic Subsidiaries, dated the
Amendment and Restatement Effective Date and addressed to the Administrative
Agent and the Lenders substantially in the form of Exhibit F to the Agreement.
Such legal opinions shall cover such other matters incident to the transactions
contemplated by this Agreement as the Lenders may reasonably require in form and
substance satisfactory to the Administrative Agent.
10. CORPORATE PROCEEDINGS OF THE BORROWER AND ITS
SUBSIDIARIES. (a) The Administrative Agent shall have received a copy of a
certificate of a Responsible Officer of the Borrower and each of its Domestic
Subsidiaries executing this Amendment and Restatement and the Acknowledgment and
Confirmation of Guarantee and Collateral Agreements and Intercreditor Agreement,
attached to which shall be a copy of the resolutions (in form and substance
reasonably satisfactory to the Administrative Agent and its counsel) of the
Board of Directors of each of the Borrower and each of its Subsidiaries
executing this Amendment and Restatement and the Acknowledgment and Confirmation
of Guarantee and Collateral Agreements and Intercreditor Agreement authorizing
on or within 30 days prior to the Amendment and Restatement Effective Date (i)
the execution, delivery and performance of this Amendment and Restatement and
the Acknowledgment and Confirmation of Guarantee and Collateral Agreements and
Intercreditor Agreement, (ii) the consummation of the transactions contemplated
hereby and thereby and (iii) the borrowings herein provided for. Each such
certificate shall (A) state that the resolutions set forth therein have not been
amended, modified, revoked or rescinded as of the date of such certificate, (B)
specify the names and titles of the officers of the Borrower or such Subsidiary,
as the case may be, authorized to sign the Loan Documents to which it is a party
and (C) contain specimens of the signatures of such officers.
18
(b) The Administrative Agent shall have received a copy of a
certificate of a Responsible Officer of the Borrower, certifying that the
resolutions of the Board of Directors of each of the Foreign Subsidiaries of the
Borrower executing this Amendment and Restatement and the Acknowledgment and
Confirmation of Guarantee and Collateral Agreements and Intercreditor Agreement
adopted in connection with the Credit Agreement or this Amendment and
Restatement authorize (or, in the case of resolutions adopted after the
Amendment and Restatement Effective Date, will authorize or ratify) (i) the
execution, delivery and performance of this Amendment and Restatement and the
Acknowledgment and Confirmation of Guarantee and Collateral Agreements and
Intercreditor Agreement or an appropriate confirmation thereof, (ii) the
consummation of the transactions contemplated hereby and thereby and (iii) the
borrowings herein provided for. Such certificate shall (A) state that any such
existing resolutions have not been amended, modified, revoked or rescinded as of
the date of such certificate, (B) specify the names and capacities of the agents
of each such Foreign Subsidiary authorized to sign the Loan Documents to which
it is a party and (C) contain specimens of the signatures of such agents. The
Borrower agrees, to the extent that any such resolutions of any such Foreign
Subsidiaries have not been adopted on or prior to the Amendment and Restatement
Effective Date, to cause such resolutions to be promptly adopted thereafter.
11. NO PROCEEDING OR LITIGATION; NO INJUNCTIVE RELIEF. No
action, suit, investigation or other proceeding (including, without limitation,
the enactment or promulgation of a statute or rule) by or before any arbitrator
or any Governmental Authority shall be threatened or pending and no preliminary
or permanent injunction or order by a state or federal court shall have been
entered (i) in connection with this Agreement or any transaction contemplated
hereby except as set forth in Schedule 5.1(k) or (ii) which, in any case, in the
reasonable judgment of the Administrative Agent, could reasonably be expected to
have a Material Adverse Effect.
12. CONSENTS, LICENSES, APPROVALS, ETC. All governmental and
third party consents, licenses and approvals necessary in connection with the
continuing operations of the Borrower and its Subsidiaries and the financing
contemplated hereby shall have been obtained and be in full force and effect,
and all applicable waiting periods shall have expired without any action being
taken or threatened by any competent authority that would restrain, prevent or
otherwise impose adverse conditions on the financing contemplated hereby.
13. REPRESENTATIONS AND WARRANTIES. Each of the
representations and warranties made by the Borrower and its Subsidiaries in or
pursuant to the Agreement, any other Loan Document or the Transaction Agreements
to which it is a party and the representations of the Borrower and its
Subsidiaries which are contained in any certificate, document or financial or
other statement furnished pursuant hereto or thereto on or before the Amendment
and Restatement Effective Date shall be true and correct in all material
respects on and as of the Amendment and Restatement Effective Date as if made on
and as of such date both before and after giving effect to the making of the New
Tranche B Term Loans and any Revolving Credit Loans hereunder.
19
14. NO DEFAULT OR EVENT OF DEFAULT. No Default or Event of
Default shall have occurred and be continuing hereunder after giving effect to
the making of any Extension of Credit hereunder.
15. BORROWING CERTIFICATE. The Administrative Agent shall have
received, with a counterpart for each Lender, a Borrowing Certificate, dated the
Amendment and Restatement Effective Date, substantially in the form of Exhibit G
to the Agreement, with appropriate insertions, executed by a duly authorized
Responsible Officer of the Borrower.
16. ADDITIONAL MATTERS. All corporate and other proceedings
and all other documents and legal matters in connection with the transactions
contemplated by this Agreement and the other Loan Documents, including, without
limitation, documentation concerning the status of all labor, tax, employee
benefit and health and safety matters involving the Borrower and its
Subsidiaries shall be reasonably satisfactory in form and substance to the
Administrative Agent and its counsel.
17. ADDITIONAL INFORMATION. The Administrative Agent shall
have received such additional information which the Administrative Agent shall
have reasonably requested, including, without limitation, copies of any debt
agreements, security agreements, tax sharing agreements, employment agreements,
management compensation arrangements, financing arrangements and other material
contracts, and such agreements or arrangements shall be reasonably satisfactory
in form and substance to the Administrative Agent and its counsel.
VI. GENERAL PROVISIONS.
1. CONTINUING EFFECT; NO OTHER AMENDMENTS. Except as expressly
amended or waived hereby, all of the terms and provisions of the Credit
Agreement, as amended and restated by this Amendment and Restatement are and
shall remain in full force and effect. The amendments provided for herein are
limited to the specific subsections of the Credit Agreement specified herein and
shall not constitute an amendment of, or an indication of any Lender's
willingness to amend or waive, any other provisions of the Credit Agreement or
the same subsections for any other date or time period (whether or not such
other provisions or compliance with such subsections for another date or time
period are affected by the circumstances addressed in this Amendment and
Restatement).
2. EXPENSES. The Borrower agrees to pay and reimburse the
Administrative Agent for all its reasonable costs and expenses incurred in
connection with the preparation and delivery of this Amendment and Restatement,
including, without limitation, the reasonable fees and disbursements of counsel
to the Administrative Agent.
3. NEW TRANCHE B TERM LENDERS. Each New Tranche B Term Lender
hereby agrees that it shall, on the Amendment and Restatement Effective Date,
become a Lender for all purposes of the Agreement to the same extent as if
originally a party thereto. Each such New Tranche B Term Lender (a) confirms
that it has received a copy of the Credit Agreement, together with copies of the
financial statements delivered pursuant to Section V of this Amendment and
Restatement and such other documents and information as it has deemed
20
appropriate to make its own credit analysis and decision to enter into this
Amendment and Restatement; (b) agrees that it has made and will, independently
and without reliance upon the Administrative Agent 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 Agreement or any instrument or document furnished pursuant hereto or
thereto; (c) appoints and authorizes the Administrative Agent to take such
action as administrative agent on its behalf and to exercise such powers and
discretion under the Agreement or any instrument or document furnished pursuant
thereto as are delegated to the Administrative Agent by the terms thereof,
together with such powers as are incidental thereto; and (d) agrees that it will
be bound by the provisions of the Agreement and will perform in accordance with
its terms all the obligations which by the terms of the Agreement are required
to be performed by it as a Lender including its obligation pursuant to
subsection 2.22 of the Agreement.
4. GOVERNING LAW. THIS AMENDMENT AND RESTATEMENT SHALL BE
GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK. IT IS EXPRESSLY AGREED THAT THIS AMENDMENT AND RESTATEMENT
BENEFITS FROM AND IS COVERED BY THE PROVISIONS OF SUBSECTIONS 10.11, 10.14,
10.15 AND 10.16 OF THE CREDIT AGREEMENT.
5. COUNTERPARTS. This Amendment and Restatement may be
executed by the parties hereto in any number of separate counterparts, and all
of said counterparts taken together shall be deemed to constitute one and the
same instrument. The execution and delivery of this Amendment and Restatement by
any Lender shall be binding upon each of its successors and assigns (including
Transferees of its commitments and Loans in whole or in part prior to
effectiveness hereof) and binding in respect of all of its commitments and
Loans, including any acquired subsequent to its execution and delivery hereof
and prior to the effectiveness hereof.
6. NO RECOURSE TO OFFICERS. It is agreed that any officer or
agent of any Foreign Subsidiary of the Borrower executing and delivering this
Amendment and Restatement and the Acknowledgment and Confirmation of Guarantee
and Collateral Agreements and Intercreditor Agreement on behalf of any such
Foreign Subsidiary shall not be personally liable in any way for so doing.
21
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment and Restatement to be duly executed and delivered by their proper and
duly authorized officers as of the day and year first above written.
THE SCOTTS COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
▇▇ ▇▇▇▇▇ INTERNATIONAL INVESTMENTS LTD.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
MIRACLE GARDEN CARE LIMITED
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
SCOTTS HOLDINGS LIMITED
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
HYPONEX CORPORATION
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
SCOTTS MANUFACTURING COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
SCOTTS CELAFLOR GMBH & CO. KG
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Einzelvertretungsberechtigt
SCOTTS BELGIUM BVBA
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
THE SCOTTS COMPANY (UK) LTD.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
SCOTTS CANADA LTD.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
SCOTTS INTERNATIONAL B.V.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
ASEF B.V.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
SCOTTS-SIERRA HORTICULTURAL PRODUCTS
COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
REPUBLIC TOOL & MANUFACTURING CORP.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
SCOTTS-SIERRA INVESTMENTS, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
SCOTTS FRANCE HOLDINGS SARL
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
SCOTTS FRANCE SARL
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
SCOTTS HOLDING GMBH
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Einzelvertretungsberechtigt
SCOTTS AUSTRALIA PTY LTD.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
22
CREDIT LYONNAIS NEW YORK BRANCH, as
Co-Documentation Agent and as a Lender
By: /s/ ▇▇▇▇▇▇ ▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇ ▇▇▇
Title: Senior Vice President
BANK ONE, MICHIGAN, as successor to NBD BANK, as
Co-Documentation Agent and as a Lender
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Managing Director
THE CHASE MANHATTAN BANK, as Administrative Agent
and as a Lender
By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
--------------------------------------------------
Name: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President
ABN AMRO BANK N.V., Pittsburgh
By: /s/ ▇▇▇▇▇▇ Comfort
--------------------------------------------------
Name: ▇▇▇▇▇▇ Comfort
Title: Senior Vice President
By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Title: Officer
BHF (USA) CAPITAL CORPORATION
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President Portfolio Manager
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Title: Associate
BALANCED HIGH YIELD FUND II LTD.
By: BHF (USA) Capital Corporation, as
Attorney-in-Fact
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President Portfolio Manager
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Title: Associate
BANK AUSTRIA CREDITANSTALT CORPORATE FINANCE, INC.
By: /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Vice President
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Senior Vice President
23
BANK OF AMERICA, N.A.
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇
Title: Vice President
THE BANK OF NEW YORK
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President
THE BANK OF NOVA SCOTIA
By: /s/ F.C.H. ▇▇▇▇▇
--------------------------------------------------
Name: F.C.H. ▇▇▇▇▇
Title: Sr. Manager-Loan Operations
BANK OF TOKYO-MITSUBISHI TRUST COMPANY
By: /s/ ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President & Global
Relationship Manager
CITICORP USA, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
Title: VP
COMERICA BANK, Detroit
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Assistant Vice President
COLUMBUS LOAN FUNDING LTD
By: Travelers Asset Management International
Company LLC
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Investment Officer
CREDIT AGRICOLE INDOSUEZ, Chicago
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President, Manager
By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇
Title: Senior Relationship Manager
CYPRESSTREE INVESTMENT
MANAGEMENT COMPANY, INC.
As: Attorney-in-Fact and on behalf of First
Allmerica Financial Life Insurance
Company as Portfolio Manager
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Principal
DRESDNER BANK AG, NEW YORK AND GRAND CAYMAN BRANCHES
By: /s/ ▇▇▇ ▇▇▇▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇ ▇▇▇▇▇▇▇▇
Title: Senior Vice President
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title: Assistant Vice President
▇▇
▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇
Title: Vice President Erste Bank New
York Branch
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
--------------------------------------------------
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: First Vice President Erste Bank
New York Branch
FIFTH THIRD BANK OF COLUMBUS
By: /s/ ▇▇▇ ▇▇▇▇
-------------------------------------------------
Name: ▇▇▇ ▇▇▇▇
Title: V.P.
FIRST UNION NATIONAL BANK
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇ ▇▇▇▇▇
Title: V.P.
FIRSTAR BANK N.A.
By: /s/ ▇▇▇▇▇▇ ▇. Friend
-------------------------------------------------
Name: ▇▇▇▇▇▇ ▇. Friend
Title: Vice President
FLEET NATIONAL BANK
By: /s/ Marwan Isbaih
-------------------------------------------------
Name: Marwan Isbaih
Title: Director
FORTIS CAPITAL CORP.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: Officer
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Director
FRANKLIN FLOATING RATE MASTER SERIES
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Vice President
25
FREMONT INVESTMENT & LOAN
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Title: Vice President
THE FUJI BANK, LIMITED
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Senior Vice President & Group Head
▇▇▇▇▇▇ TRUST AND SAVINGS BANK
By: /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Vice President
▇▇▇▇▇▇ FINANCIAL INC.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President
THE HUNTINGTON NATIONAL BANK
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Title: Vice President
KZH RIVERSIDE LLC
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇
Title: Authorized Agent
KZH STERLING LLC
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇
Title: Authorized Agent
KZH CNC LLC
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇
Title: Authorized Agent
KZH-CYPRESSTREE-1 LLC
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇
Title: Authorized Agent
KZH-LANGDALE LLC
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇
Title: Authorized Agent
KZH HIGHLAND-2 LLC
By: /s/ ▇▇▇▇▇ ▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇
Title: Authorized Agent
26
KZH-SOLEIL-2 LLC
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇
Title: Authorized Agent
LANDESBANK RHEINLAND-PFALZ GIROZENTRALE
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: SVP
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇
Title: VP
METROPOLITAN LIFE INSURANCE COMPANY
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Director
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ PRIME INCOME TRUST
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Senior Vice President
NATIONAL CITY BANK
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Title: Vice President
NORTH AMERICAN SENIOR FLOATING RATE FUND
By: CypressTree Investment Management Company, Inc.
as Portfolio Manager
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Principal
NUVEEN SENIOR INCOME FUND
By: Nuveen Senior Loan Asset Management Inc.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: Vice President
OLYMPIC FUNDING TRUST, SERIES 1999-1
By: /s/ ▇▇▇ ▇. ▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇ ▇. ▇▇▇▇▇▇
Title: Authorized Agent
BNP PARIBAS
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President
By: /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Vice President
27
PINEHURST TRADING, INC.
By: /s/ ▇▇▇ ▇. ▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇ ▇. ▇▇▇▇▇▇
Title: Asst. Vice President
PPM SPYGLASS FUNDING TRUST
By: /s/ ▇▇▇ ▇. ▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇ ▇. ▇▇▇▇▇▇
Title: Authorized Agent
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
By: /s/ B. ▇▇▇▇ ▇▇▇▇▇
-------------------------------------------------
Name: B. ▇▇▇▇ ▇▇▇▇▇
Title:
▇▇▇▇▇▇▇ ▇▇▇▇▇ BARNEY INC., as
Syndication Agent
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
Title: Attorney In Fact
SRF 2000 LLC
By: /s/ ▇▇▇ ▇. ▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇ ▇. ▇▇▇▇▇▇
Title: Asst. Vice President
SUNTRUST BANK
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Vice President
TORONTO DOMINION (NEW YORK), INC.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇
Title: Vice President
THE TRAVELERS INSURANCE COMPANY
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Investment Officer
WINGED FOOT FUNDING TRUST
By: /s/ ▇▇▇ ▇. ▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇ ▇. ▇▇▇▇▇▇
Title: Authorized Agent
28
Annex A
PRICING GRID FOR REVOLVING CREDIT LOANS, TERM LOANS AND FACILITY FEE
Applicable Applicable Applicable
Margin Margin Margin
Revolving Credit Tranche A New Tranche B
Loans Term Loans Term Loans
Leverage ----------------------- ----------------------- ----------------------- Facility
Ratio Eurocurrency ABR Eurocurrency ABR Eurocurrency ABR Fee
----- ------------ --- ------------ --- ------------ --- ---
greater than
or equal to 4.00 to 1.0 2.25% 1.00% 2.75% N/A 2.75% 1.50% 0.500%
greater than
or equal to 3.75 to 1.0 2.00% 0.75% 2.50% N/A 2.50% 1.25% 0.500%
greater than
or equal to 3.00 to 1.0 1.75% 0.50% 2.25% N/A 2.50% 1.25% 0.500%
greater than
or equal to 2.50 to 1.0 1.625% 0.375% 2.00% N/A 2.50% 1.25% 0.375%
greater than
or equal to 2.25 to 1.0 1.45% 0.20% 1.75% N/A 2.50% 1.25% 0.300%
less than 2.25 to 1.0 1.20% 0.00% 1.50% N/A 2.25% 1.00% 0.300%
================== ============ ========== ================ ======== ============== ========= ==========
Changes in the Applicable Margin or in the Facility Fee Rate resulting
from changes in the Leverage Ratio shall become effective on the date (the
"ADJUSTMENT DATE") on which financial statements are delivered to the Lenders
pursuant to subsection 6.1 (but in any event not later than the 45th day after
the end of each of the first three quarterly periods of each fiscal year of the
Borrower or the 90th day after the end of each fiscal year of the Borrower, as
the case may be) and shall remain in effect until the next change to be effected
pursuant to this paragraph. If any financial statements referred to above are
not delivered within the time periods specified above, then, until such
financial statements are delivered, the Leverage Ratio as at the end of the
fiscal period that would have been covered thereby shall for the purposes of
this definition be deemed to be greater than or equal to 4.00 to 1.0. In
addition, at all times while an Event of Default shall have occurred and be
continuing, the Leverage Ratio shall for the purposes of this definition be
deemed to be greater than 4.0 to 1.0. Each determination of the Leverage Ratio
pursuant to this pricing grid shall be made with respect to (or, in the case of
Average Total Indebtedness, as at the end of) the period of four consecutive
fiscal quarters of the Borrower ending at the end of the period covered by the
relevant financial statements.
29
Annex B
FORM OF NEW LENDER SUPPLEMENT
SUPPLEMENT, dated __________ to the Credit Agreement, dated as of
December 4, 1998, as amended and restated by the Amendment and Restatement to
the Credit Agreement, dated as of December 5, 2000 (as amended, supplemented or
otherwise modified from time to time, the "Agreement") among THE SCOTTS COMPANY,
an Ohio corporation (the "BORROWER" or "SCOTTS"), ▇▇ ▇▇▇▇▇ International
Investments Ltd., Miracle Garden Care Limited, Scotts Holdings Limited, Hyponex
Corporation, Scotts Manufacturing Company, Scotts-Sierra Horticultural Products
Company, Republic Tool & Manufacturing Corp., Scotts-Sierra Investments, Inc.,
Scotts France Holdings SARL, Scotts Holding GmbH, Scotts Celaflor GmbH & Co. KG,
Scotts France SARL, Scotts Belgium BVBA, The Scotts Company (UK) Ltd., Scotts
Canada Ltd., Scotts International B.V., ASEF B.V., Scotts Australia PTY Ltd.,
and the other subsidiaries of the Borrower who are also borrowers from time to
time under the Credit Agreement (the "SUBSIDIARY BORROWERS"), the several banks
and other financial institutions from time to time parties to the Credit
Agreement (the "LENDERS"), THE CHASE MANHATTAN BANK, a New York banking
corporation (together with its banking affiliates, "CHASE"), as agent for the
Lenders (in such capacity, the "ADMINISTRATIVE AGENT"), ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇,
INC., as syndication agent (the "SYNDICATION AGENT"), CREDIT LYONNAIS NEW YORK
BRANCH (together with its banking affiliates, "CREDIT LYONNAIS") and BANK ONE,
MICHIGAN, as successor to NBD BANK, as co-documentation agents (the
"CO-DOCUMENTATION AGENTS"), and Chase Securities Inc., as lead arranger (the
"LEAD ARRANGER") and as the book manager (the "BOOK MANAGER").
W I T N E S S E T H :
---------------------
WHEREAS, the Agreement provides in subsection 2.28(a) thereof that any
bank, financial institution or other entity, although not originally a party
thereto, may, pursuant to such subsection, become a party to the Credit
Agreement with the consent of the Borrower and the Administrative Agent by
executing and delivering to the Borrower and the Administrative Agent a
supplement to the Agreement in substantially the form of this Supplement; and
WHEREAS, the undersigned was not an original party to the Agreement but
now desires to become a party thereto;
NOW, THEREFORE, the undersigned hereby agrees as follows:
1. The undersigned agrees to be bound by the provisions of the
Agreement, and agrees that it shall, on the date this Supplement is
accepted by the Borrower and the Administrative Agent, become a Lender
for all purposes of the Agreement to the same extent as if originally a
party thereto, with a Revolving Credit Commitment of
$__________________. Such Revolving Credit Commitment shall be
available in Dollars and in the Optional Currencies listed below and
from the Lending Installations outside of the U.S. listed below:
30
Optional Currencies Lending Installations
------------------- ---------------------
------------------- ---------------------
------------------- ---------------------
------------------- ---------------------
2. The undersigned (a) confirms that it has received a copy of
the Agreement, together with copies of the financial statements
delivered pursuant to Section V of the Amendment and Restatement
thereof and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into
this Supplement; (b) agrees that it has made and will, independently
and without reliance upon the Administrative Agent 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 Agreement or any instrument or
document furnished pursuant hereto or thereto; (c) appoints and
authorizes the Administrative Agent to take such action as
administrative agent on its behalf and to exercise such powers and
discretion under the Agreement or any instrument or document furnished
pursuant hereto or thereto as are delegated to the Administrative Agent
by the terms thereof, together with such powers as are incidental
thereto; and (d) agrees that it will be bound by the provisions of the
Agreement and will perform in accordance with its terms all the
obligations which by the terms of the Agreement are required to be
performed by it as a Lender including, without limitation, if it is
organized under the laws of a jurisdiction outside the United States,
its obligation pursuant to subsection 2.22 of the Agreement.
3. The undersigned's address for notices for the purposes of
the Agreement is as follows:
----------------------------
----------------------------
----------------------------
4. Terms defined in the Agreement shall have their defined
meanings when used herein.
31
IN WITNESS WHEREOF, the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.
[INSERT NAME OF LENDER]
By________________________________
Title:
Accepted this _____ day of
__________________, ______.
THE SCOTTS COMPANY
By: __________________________
Name:
Title:
▇▇ ▇▇▇▇▇ INTERNATIONAL INVESTMENTS LTD.
By: __________________________
Name:
Title:
MIRACLE GARDEN CARE LIMITED
By: __________________________
Name:
Title:
SCOTTS HOLDINGS LIMITED
By: __________________________
Name:
Title:
HYPONEX CORPORATION
By: __________________________
Name:
Title:
32
SCOTTS MANUFACTURING COMPANY
By: __________________________
Name:
Title:
SCOTTS-SIERRA HORTICULTURAL PRODUCTS COMPANY
By: __________________________
Name:
Title:
REPUBLIC TOOL & MANUFACTURING CORP.
By: __________________________
Name:
Title:
SCOTTS-SIERRA INVESTMENTS, INC.
By: __________________________
Name:
Title:
SCOTTS FRANCE HOLDINGS SARL
By: __________________________
Name:
Title:
SCOTTS FRANCE SARL
By: __________________________
Name:
Title:
33
SCOTTS HOLDING GMBH
By: __________________________
Name:
Title:
SCOTTS CELAFLOR GMBH & CO. KG
By: __________________________
Name:
Title:
SCOTTS BELGIUM BVBA
By: __________________________
Name:
Title:
THE SCOTTS COMPANY (UK) LTD.
By: __________________________
Name:
Title:
SCOTTS CANADA LTD.
By: __________________________
Name:
Title:
SCOTTS INTERNATIONAL B.V.
By: __________________________
Name:
Title:
34
ASEF B.V.
By: __________________________
Name:
Title:
SCOTTS AUSTRALIA PTY LTD.
By: __________________________
Name:
Title:
Accepted this ____ day of
_________________, _______.
THE CHASE MANHATTAN BANK,
as Administrative Agent
By: __________________________
Name:
Title:
35
Annex C
EXHIBIT L
[FORM OF PREPAYMENT OPTION NOTICE]
PREPAYMENT OPTION NOTICE
Attention of [ ]
Telecopy No. [ ]
[Date]
Ladies and Gentlemen:
The undersigned, The Chase Manhattan Bank, as administrative
agent (in such capacity, the "ADMINISTRATIVE AGENT") for the Lenders, refers to
the Amended and Restated Credit Agreement, dated as of December 5, 2000 (the
"AMENDMENT AND RESTATEMENT") of the Credit Agreement, dated as of December 4,
1998 (the "CREDIT AGREEMENT"; the Credit Agreement as amended by the Amendment
and Restatement and as may be further amended, modified or supplemented from
time to time, the "AGREEMENT"), among The Scotts Company, an Ohio corporation
(the "BORROWER" or "SCOTTS"), ▇▇ ▇▇▇▇▇ International Investments Ltd., Miracle
Garden Care Limited, Scotts Holdings Limited, Hyponex Corporation, Scotts
Manufacturing Company, Scotts-Sierra Horticultural Products Company, Republic
Tool & Manufacturing Corp., Scotts-Sierra Investments, Inc., Scotts France
Holdings SARL, Scotts Holding GmbH, Scotts Celaflor GmbH & Co. KG, Scotts France
SARL, Scotts Belgium BVBA, The Scotts Company (UK) Ltd., Scotts Canada Ltd.,
Scotts International B.V., ASEF B.V., Scotts Australia PTY Ltd., and the other
subsidiaries of the Borrower who are also borrowers from time to time under the
Credit Agreement (the "SUBSIDIARY BORROWERS"), the several banks and other
financial institutions from time to time parties thereto (the "LENDERS"), The
Chase Manhattan Bank, a New York banking corporation ("CHASE"), as agent for the
Lenders thereunder (in such capacity, the "ADMINISTRATIVE AGENT"), ▇▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇, Inc., as syndication agent (the "SYNDICATION AGENT"), Credit Lyonnais
Chicago Branch and Bank One, Michigan, as successor to NBD Bank, as
co-documentation agents (the "CO-DOCUMENTATION AGENTS"), and Chase Securities
Inc., as lead arranger (the "LEAD ARRANGER") and as the book manager (the "BOOK
MANAGER"). Capitalized terms used herein and not otherwise defined herein shall
have the meanings assigned to such terms in the Agreement. The Administrative
Agent hereby gives notice of an offer of
36
prepayment made by the Borrower pursuant to subsection 2.12(g) of the Agreement
of the New Tranche B Prepayment Amount. Amounts applied to prepay the New
Tranche B Term Loans shall be applied pro rata to the New Tranche B Term Loan
held by you. The portion of the prepayment amount to be allocated to the New
Tranche B Term Loan held by you and the date on which such prepayment will be
made to you (should you elect to receive such prepayment) are set forth below:
(A) Total New Tranche B Prepayment Amount ___________
(B) Portion of New Tranche B Prepayment Amount to be received by
you ___________
(C) Prepayment Date (10 Business Days after the date of this
Prepayment Option Notice) ___________
IF YOU DO NOT WISH TO RECEIVE ALL OF THE NEW TRANCHE B
PREPAYMENT AMOUNT TO BE ALLOCATED TO YOU ON THE PREPAYMENT DATE INDICATED IN
PARAGRAPH (B) ABOVE, please sign this notice in the space provided below and
indicate the percentage of the New Tranche B Prepayment Amount otherwise payable
which you do not wish to receive. Please return this notice as so completed via
telecopy to the attention of [___________________] at ____________________, NO
LATER THAN 10:00 A.M., NEW YORK CITY TIME, on the Prepayment Date, at Telecopy
No. [________________]. IF YOU DO NOT RETURN THIS NOTICE, YOU WILL RECEIVE 100%
OF THE NEW TRANCHE B PREPAYMENT ALLOCATED TO YOU ON THE MANDATORY PREPAYMENT
DATE.
THE CHASE MANHATTAN BANK,
as Administrative Agent
By:___________________
Name:
Title:
[Lender]
By:___________________
Name:
Title:
Percentage of New Tranche B
Prepayment Amount
Declined: ____%
37
ANNEX D
ACKNOWLEDGMENT AND CONFIRMATION
OF GUARANTEE AND COLLATERAL AGREEMENTS
AND INTERCREDITOR AGREEMENT
ACKNOWLEDGMENT AND CONFIRMATION OF GUARANTEE AND COLLATERAL
AGREEMENTS AND INTERCREDITOR AGREEMENT, dated as of December 5, 2000 (this
"ACKNOWLEDGMENT"), to:
(1) the Guarantee and Collateral Agreements;
(2) the Intercreditor Agreement.
W I T N E S S E T H :
WHEREAS, the Borrower, the Subsidiary Borrowers, certain
Lenders and the Administrative Agent are parties to the Credit Agreement, dated
as of December 4, 1998 (as amended, supplemented or otherwise modified prior to
the date hereof, the "CREDIT AGREEMENT");
WHEREAS, concurrently with the execution of this
Acknowledgment, the Borrower, the Subsidiary Borrowers, the Lenders and the
Administrative Agent will amend and restate the Credit Agreement pursuant to the
Amended and Restated Credit Agreement, dated as of December 5, 2000 (the
"AMENDMENT AND RESTATEMENT"); the Credit Agreement, as amended and restated by
the Amendment and Restatement, and as further amended, supplemented and
otherwise modified from time to time, the "AGREEMENT");
WHEREAS, each of the parties to each Guarantee and Collateral
Agreement wishes to acknowledge and confirm that (i) its obligations and its
Liens and security interests created under such Guarantee and Collateral
Agreement continue in full force and effect, unimpaired and undischarged, and
(ii) the obligations of the Borrower and each Subsidiary Borrower secured by the
Liens and security interests created under such Guarantee and Collateral
Agreement shall be the obligations of the Borrower and each Subsidiary Borrower
under the Agreement;
WHEREAS, it is a condition precedent to the effectiveness of
the Amendment and Restatement that the parties hereto shall have executed this
Acknowledgment to the Administrative Agent for the benefit of the Lenders.
NOW, THEREFORE, in consideration of the premises contained
herein and to induce the Administrative Agent and the Lenders to amend and
restate the Agreement pursuant to the Amendment and Restatement and to induce
the Lenders to make and continue extensions of credit under the Amendment and
Restatement, each of the signatories hereto hereby agrees with the
Administrative Agent, for the benefit of the Lenders, as follows:
1. Unless otherwise defined herein, capitalized terms used
herein shall have the respective meanings assigned to them in the Agreement and
the other Loan Documents.
38
2. Each signatory hereto consents to the execution, delivery
and performance of the Amendment and Restatement, the borrowing of the New
Tranche B Term Loans and the increase in the Total Revolving Credit Commitments
pursuant to section 2.28 of the Agreement.
3. Each signatory hereto hereby agrees, with respect to each
Guarantee and Collateral Agreement to which it is a party, that:
(a) all of its obligations, liabilities and indebtedness under
such Guarantee and Collateral Agreement remain in full force
and effect on a continuous basis after giving effect to the
Amendment and Restatement and extend to cover the New Tranche
B Term Loans;
(b) all of the Liens and security interests created and
arising under such Guarantee and Collateral Agreement remain
in full force and effect on a continuous basis, and the
perfected status and priority of each such Lien and security
interest continues in full force and effect on a continuous
basis, unimpaired, uninterrupted and undischarged, after
giving effect to the Amendment and Restatement, as collateral
security for the Obligations, which in all events includes the
New Tranche B Term Loans and interest thereon or, as the case
may be, its guarantee thereof; and
(c) all of the obligations, liabilities and indebtedness of
the Borrower and the Subsidiary Borrowers under the Agreement
and all of the guarantee obligations of each Guarantor in
respect thereof (i) are continued in full force and effect on
a continuous basis, unpaid and undischarged, after giving
effect to the Amendment and Restatement and (ii) constitute
the obligations, liabilities and indebtedness under the
Agreement.
4. The Borrower hereby agrees that the Intercreditor Agreement
remains in full force and effect on a continuous basis after giving effect to
the Amendment and Restatement.
5. Each signatory hereto agrees that it shall take any action
reasonably requested by the Administrative Agent in order to confirm or effect
the intent of this Acknowledgment.
6. THIS ACKNOWLEDGMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
7. This Acknowledgment may be executed by one or more of the
parties hereto 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.
39
IN WITNESS WHEREOF, the undersigned have caused this
Acknowledgment to be executed and delivered by a duly authorized officer on the
date first above written.
THE SCOTTS COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
HYPONEX CORPORATION
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
SCOTTS MANUFACTURING COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
SCOTTS-SIERRA HORTICULTURAL
PRODUCTS COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
REPUBLIC TOOL & MANUFACTURING CORP.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
SCOTTS-SIERRA INVESTMENTS, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
SCOTTS FRANCE HOLDINGS SARL
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
SCOTTS FRANCE SARL
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
SCOTTS HOLDING GMBH
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Einzelvertretungsberechtigt
THE SCOTTS COMPANY (UK) LTD.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
40
ASEF B.V.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
SCOTTS PROFESSIONAL PRODUCTS CO.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
SCOTTS PRODUCTS CO.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
SCOTTS HOLDINGS LIMITED
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
▇▇ ▇▇▇▇▇ INTERNATIONAL INVESTMENTS LTD.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
MIRACLE HOLDINGS LIMITED
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
LEVINGTON GROUP LIMITED
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Power of Attorney
OMS INVESTMENTS, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
MIRACLE-GRO LAWN PRODUCTS, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
SCOTTS-SIERRA CROP PROTECTION COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
EARTHGRO, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
41
▇▇▇▇▇▇▇ SCIENTIFIC, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
EG SYSTEMS, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
SWISS FARMS PRODUCTS, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Vice President and Treasurer
THE CHASE MANHATTAN BANK,
as Administrative Agent
By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President
42
ANNEX E
CONSENT, dated as of December 5, 2000 (this "CONSENT"), in respect of
(1) the Credit Agreement, dated as of December 4, 1998, as amended and
restated by the Amendment and Restatement to the Credit Agreement, dated as of
December 5, 2000 (as amended, supplemented or otherwise modified from time to
time, the "Agreement") among THE SCOTTS COMPANY, an Ohio corporation (the
"BORROWER" or "SCOTTS"), ▇▇ ▇▇▇▇▇ International Investments Ltd., Miracle Garden
Care Limited, Scotts Holdings Limited, Hyponex Corporation, Scotts Manufacturing
Company, Scotts-Sierra Horticultural Products Company, Republic Tool &
Manufacturing Corp., Scotts-Sierra Investments, Inc., Scotts France Holdings
SARL, Scotts Holding GmbH, Scotts Celaflor GmbH & Co. KG, Scotts France SARL,
Scotts Belgium BVBA, The Scotts Company (UK) Ltd., Scotts Canada Ltd., Scotts
International B.V., ASEF B.V., Scotts Australia PTY Ltd., and the other
subsidiaries of the Borrower who are also borrowers from time to time under the
Credit Agreement (the "SUBSIDIARY BORROWERS"), the several banks and other
financial institutions from time to time parties to the Credit Agreement (the
"LENDERS"), THE CHASE MANHATTAN BANK, a New York banking corporation (together
with its banking affiliates, "CHASE"), as agent for the Lenders (in such
capacity, the "ADMINISTRATIVE AGENT"), ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, INC., as
syndication agent (the "SYNDICATION AGENT"), CREDIT LYONNAIS NEW YORK BRANCH
(together with its banking affiliates, "CREDIT LYONNAIS") and BANK ONE,
MICHIGAN, as successor to NBD BANK, as co-documentation agents (the
"CO-DOCUMENTATION AGENTS"), and Chase Securities Inc., as lead arranger (the
"LEAD ARRANGER") and as the book manager (the "BOOK MANAGER"); and
(2) the Intercreditor Agreement, dated as of December 4, 1998, among
the Borrower, the Lenders by virtue of subsection 10.7(a) of the Credit
Agreement and the Administrative Agent.
W I T N E S S E T H :
WHEREAS, the Borrower, the Subsidiary Borrowers, certain Lenders and
the Administrative Agent are parties to the Credit Agreement, dated as of
December 4, 1998 (as amended, supplemented or otherwise modified prior to the
date hereof, the "CREDIT AGREEMENT");
WHEREAS, the Borrower, the Lenders by virtue of subsection 10.7(a) of
the Credit Agreement and the Administrative Agent are party to the Intercreditor
Agreement, dated as of December 4, 1998 (the "INTERCREDITOR AGREEMENT");
WHEREAS, the Borrower has requested that the Required Prepayment
Lenders and the Majority Lenders (as such term is defined in the Intercreditor
Agreement) give the consents contained herein in the manner herein provided;
NOW, THEREFORE, in consideration of the premises contained herein, the
Lenders party hereto agree as follows:
1. Unless otherwise defined herein, capitalized terms used herein shall
have the respective meanings assigned to them in the Agreement and the other
Loan Documents.
2. Each signatory hereto hereby agrees, in accordance with subsection
2.12(f) of the Agreement, that prepayments of the Term Loans with the proceeds
of the New Tranche B Term
43
2
Loans shall not be applied ratably as among the Term Loans, PROVIDED that the
proceeds of the New Tranche B Term Loans shall be applied to the prepayment in
full of the Tranche B Term Loans and the Tranche C Term Loans.
3. Each signatory hereto hereby consents to the amendment of subsection
1.1 of the Intercreditor Agreement by deleting the definition of "Majority
Lenders" contained therein in its entirety and substituting in lieu thereof the
following definition:
"MAJORITY LENDERS": (a) during the period commencing on the
Closing Date and ending on the day prior to the Amendment and
Restatement Effective Date, (i) the holders of more than 50% of the
aggregate unpaid principal amount of the Tranche A British
Subtranche Term Loans PLUS (ii) the holders of more than 50% of the
aggregate unpaid principal amount of the Tranche A French Subtranche
Term Loans PLUS (iii) the holders of more than 50% of the aggregate
unpaid principal amount of the Tranche A German Subtranche Term
Loans PLUS (iv) the holders of more than 50% of the aggregate unpaid
principal amount of the Tranche B Term Loans PLUS (v) the holders of
more than 50% of the aggregate unpaid principal amount of the
Tranche C Term Loans PLUS (vi) the Majority Revolving Facility
Lenders, and (b) as of the Amendment and Restatement Effective Date
and thereafter, (i) the holders of more than 50% of the aggregate
unpaid principal amount of the Tranche A British Subtranche Term
Loans PLUS (ii) the holders of more than 50% of the aggregate unpaid
principal amount of the Tranche A French Subtranche Term Loans PLUS
(iii) the holders of more than 50% of the aggregate unpaid principal
amount of the Tranche A German Subtranche Term Loans PLUS (iv) the
holders of more than 50% of the aggregate unpaid principal amount of
the New Tranche B Term Loans PLUS (v) the Majority Revolving
Facility Lenders.
4. Each signatory hereto hereby consents to the execution and delivery
by the Administrative Agent of the Acknowledgment and Confirmation of Guarantee
and Collateral Agreements and Intercreditor Agreement referred to in paragraph 3
of Section V of the Amendment and Restatement.
44
IN WITNESS WHEREOF, the parties hereto have caused this Consent to be
duly executed and delivered by their proper and duly authorized officers as of
the day and year first above written.
AMMC CDO I, LIMITED
By: American Money Management Corp.,
as Collateral Manager
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President
AERIES - II FINANCE LTD.
By: INVESCO Senior Secured Management,
Inc., as Sub-Managing Agent
By: /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇
Title: Authorized Signatory
ALLSTATE LIFE INSURANCE COMPANY
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Authorized Signatory
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Authorized Signatory
ARES LEVERAGED INVESTMENT FUND II, L.P.
By: ARES Management II, L.P., its General
Partner
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇
Title: Vice President
45
CERES FINANCE, LTD.
By: INVESCO Senior Secured Management,
Inc., as Sub-Managing Agent
By: /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇
Title: Authorized Signatory
ELC (CAYMAN) LTD. 2000-I
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇ ▇▇▇▇▇
Title: Vice President
▇▇▇▇▇ ▇▇▇▇▇ SENIOR INCOME TRUST
By: ▇▇▇▇▇ ▇▇▇▇▇ Management, as
Investment Advisor
By: /s/ ▇▇▇▇▇ Page
-----------------------------------
Name: ▇▇▇▇▇ Page
Title: Vice President
ML CLO XII PILGRIM AMERICA (CAYMAN)
LTD.(as assignee)
By: Pilgrim Investments, Inc. as its
investment manager
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇
-----------------------------------
Name: ▇▇▇▇ ▇. ▇▇▇▇
Title: Assistant Vice President
ML CLO XX PILGRIM AMERICA (CAYMAN) LTD.
(as assignee)
By: Pilgrim Investments, Inc. as its
investment manager
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇
-----------------------------------
Name: ▇▇▇▇ ▇. ▇▇▇▇
Title: Assistant Vice President
OAK HILL SECURITIES FUND, L.P.
By: Oak Hill Securities GenPar, L.P.
its General Partner
By: Oak Hill Securities MGP, Inc.
its General Partner
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President
46
OASIS COLLATERALIZED HIGH INCOME
By: INVESCO Senior Secured Management,
Inc., as sub-Managing Agent
By: /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇
Title: Authorized Signatory
OSPREY INVESTMENTS PORTFOLIO
By: Citibank Global Asset Management
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: VP
OXFORD STRATEGIC INCOME FUND
By: ▇▇▇▇▇ ▇▇▇▇▇ Management as
Investment Advisor
By: /s/ ▇▇▇▇▇ Page
-----------------------------------
Name: ▇▇▇▇▇ Page
Title: Vice President
PACIFICA PARTNERS I, L.P.
By: Imperial Credit Asset Management as
its Investment Manager
By: /s/ ▇▇▇ ▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇ ▇▇▇▇▇▇▇
Title: VP
SENIOR DEBT PORTFOLIO
By: Boston Management and Research, as
Investment Advisor
By: /s/ ▇▇▇▇▇ Page
-----------------------------------
Name: ▇▇▇▇▇ Page
Title: Vice President
