Exhibit (h)4.3
SECOND AMENDMENT TO CREDIT AGREEMENT
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THIS SECOND AMENDMENT TO CREDIT AGREEMENT, dated as of December 27,
2001 (this "Amendment"), amends the Credit Agreement, dated as of December 30,
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1999 (as heretofore amended, the "Credit Agreement"), among ▇▇▇▇▇ ▇▇▇▇▇▇▇
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Investment Company, as agent for certain funds, the various financial
institutions parties thereto (collectively, the "Banks"), Bank of America,
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National Association, as administrative agent and State Street Bank and Trust
Company, as operations agent. Terms defined in the Credit Agreement are, unless
otherwise defined herein or the context otherwise requires, used herein as
defined therein.
WHEREAS, the parties hereto have entered into the Credit Agreement,
which provides for the Banks to extend certain credit facilities to the Funds
from time to time; and
WHEREAS, the parties hereto desire to amend the Credit Agreement in
certain respects as hereinafter set forth;
NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration (the receipt and sufficiency of which are hereby
acknowledged), the parties hereto agree as follows:
SECTION 1 AMENDMENTS. Effective as of the date hereof, the Credit
Agreement shall be amended in accordance with Sections 1.1 through 1.2 below.
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1.1 Scheduled Commitment Termination Date. The definition of "Scheduled
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Commitment Termination Date" in Schedule I of the Credit Agreement is hereby
amended by the deletion of the date "December 27, 2001" and the institution
therefore of the date "December 26, 2002".
1.2 Schedule IV. Schedule IV of the Credit Agreement is hereby amended
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to state as set forth in Schedule IV hereto.
SECTION 2 CONDITIONS PRECEDENT. This Amendment shall become effective
when each of the conditions precedent set forth in this Section 2 shall have
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been satisfied, and notice thereof shall have been given by the Administrative
Agent to the Company and the Banks.
2.1 Receipt of Documents. The Administrative Agent shall have received
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all of the following documents duly executed, dated the date hereof or such
other date as shall be acceptable to the Administrative Agent, and in form and
substance satisfactory to the Administrative Agent:
(a) Amendment. This Amendment, duly executed by the Funds, the
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Agents, and the Banks.
(b) Certificate. A certificate, dated the date hereof, of the
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Secretary or the Assistant Secretary of the Company as to
(i) resolutions of its board of trustees then in full force
and effect authorizing the execution, delivery and performance of
this Amendment and each other Credit Document to be executed by it;
(ii) the incumbency and signatures of those of its officers or
agents authorized to act with respect to this Amendment and each
other Credit Document executed by it; and
(iii) the fact that the agreements delivered by the Funds
pursuant to Section 4.1(d) constitute all such agreements between
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the Funds and the Adviser;
upon which certificates each Agent and each Bank may conclusively rely until
they shall have received a further certificate from the Company cancelling or
amending such prior certificate.
(c) Opinion. An opinion, dated the date hereof and addressed to the
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Agents and all Banks, from ▇▇▇▇▇▇▇▇ Ronon ▇▇▇▇▇▇▇ & ▇▇▇▇▇, L.L.P.,
counsel to the Funds, in form satisfactory to the Agents, which the
Company hereby expressly authorizes and instructs such counsel to
prepare and deliver.
(d) Borrowing Base. An initial Borrowing Base Certificate for each
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Fund becoming a party to the Agreement pursuant to this Amendment.
(e) Allocation Notice. A revised Allocation Notice.
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(f) Prospectus. Copies of the most recent prospectus and statement
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of additional information for each Fund becoming a party to the
Agreement pursuant to this Amendment.
2.2 Payment of Fees. The Company shall have paid all accrued and unpaid
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fees, costs and expenses to the extent then due and payable, together with
Attorney Costs of the Agent to the extent invoiced.
2.3 Compliance with Warranties, No Default, etc. Both before and after
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giving effect to the effectiveness of this Amendment, the following statements
by the Company shall be true and correct (and the Company, by its execution of
this Amendment, hereby represents and warrants to each Agent and each Bank that
such statements are true and correct as at such times):
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(a) the representations and warranties set forth in Article V of
the Credit Agreement shall be true and correct with the same effect as
if then made (unless stated to relate solely to an earlier date, in
which case such representations and warranties shall be true and
correct as of such earlier date); and
(b) no Default shall have then occurred and be continuing.
SECTION 3 REPRESENTATIONS AND WARRANTIES. To induce the Banks and the
Agents to enter into this Amendment, the Company represents and warrants to
each Agent and each Bank as follows:
3.1 Due Authorization, Non-Contravention, etc. The execution, delivery
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and performance by the Company of this Amendment and each other Credit Document
executed or to be executed by it in connection with this Amendment are within
the Company's powers, have been duly authorized by all necessary action, and do
not
(a) contravene the Company's Organization Documents;
(b) contravene any contractual restriction, law or governmental
regulation or court decree or order binding on or affecting the Company
or any Fund; or
(c) result in, or require the creation or imposition of, any Lien
on any of the Company's or any Fund's properties.
3.2 Government Approval, Regulation, etc. No authorization or approval
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or other action by, and no notice to or filing with, any governmental authority
or regulatory body or other Person is required for the due execution, delivery
or performance by the Company of this Amendment or any other Credit Document to
be executed by it in connection with this Amendment.
3.3 Validity, etc. This Amendment constitutes the legal, valid and
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binding obligation of the Company enforceable in accordance with its terms.
SECTION 4 MISCELLANEOUS.
4.1 Continuing Effectiveness, etc. This Amendment shall be deemed to be
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an amendment to the Credit Agreement, and the Credit Agreement, as amended
hereby, shall remain in full force and effect and is hereby ratified, approved
and confirmed in each and every respect. After the effectiveness of this
Amendment in accordance with its terms, all references to the Credit Agreement
in the Credit Documents or in any other document, instrument, agreement or
writing shall be deemed to refer to the Credit Agreement as amended hereby.
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4.2 Payment of Costs and Expenses. The Company agrees to pay on demand
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all expenses of the Agents (including the fees and out-of-pocket expenses of
counsel to the Agents) in connection with the negotiation, preparation,
execution and delivery of this Amendment.
4.3 Severability. Any provision of this Amendment which is prohibited
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or unenforceable in any jurisdiction shall, as to such provision and such
jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions of this Amendment
or affecting the validity or enforceability of such provision in any other
jurisdiction.
4.4 Headings. The various headings of this Amendment are inserted for
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convenience only and shall not affect the meaning or interpretation of this
Amendment or any provisions hereof.
4.5 Execution in Counterparts. This Amendment may be executed by the
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parties hereto in several counterparts, each of which shall be deemed to be an
original and all of which shall constitute together but one and the same
agreement.
4.6 Governing Law. THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE
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UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF ILLINOIS.
4.7 Successors and Assigns. This Amendment shall be binding upon and
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shall inure to the benefit of the parties hereto and their respective successors
and assigns.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective officers thereunto duly authorized as of the day
and year first above written.
▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT
COMPANY, as agent for the Funds listed in
Schedule IV
By_____________________________________
Title:_______________________________
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BANK OF AMERICA, NATIONAL
ASSOCIATION, as Administrative Agent and
as a Bank
By_____________________________________
Title:_______________________________
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▇▇▇▇▇ ▇▇▇▇▇▇ BANK AND TRUST
COMPANY, as Operations Agent and
as a Bank
By_____________________________________
Title:_______________________________
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Schedule IV
▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT COMPANY
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FUND
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Equity I Fund
Equity II Fund
Equity III Fund
Equity Q Fund
Fixed Income I Fund
Short Term Bond Fund
Fixed Income III Fund
International Fund
Emerging Markets Fund
Diversified Equity Fund
Special Growth Fund
Equity Income Fund
Quantitative Equity Fund
International Securities Fund
Real Estate Securities Fund
Diversified Bond Fund
Multistrategy Bond Fund
Money Market Fund
Tax Exempt Bond Fund
U.S. Government Money Market Fund
Tax Free Money Market Fund
Aggressive Strategy Fund
Balanced Strategy Fund
Moderate Strategy Fund
Conservative Strategy Fund
Equity Aggressive Strategy Fund
Tax-Managed Global Equity Fund
Tax-Managed Large Cap Fund
Tax-Managed Small Cap Fund
Select Value Fund
Select Growth Fund
