Current Assets

EX-10.2 3 p13417exv10w2.htm EX-10.2 exv10w2
EXHIBIT 10.2
SEVENTEENTH AMENDMENT TO
RECEIVABLES SALE AGREEMENT
     THIS SEVENTEENTH AMENDMENT TO RECEIVABLES SALE AGREEMENT, dated as of September 19, 2008 (this “Amendment”), is entered into by and among ALLIED RECEIVABLES FUNDING INCORPORATED, as buyer (the “Buyer”), and ALLIED WASTE NORTH AMERICA, INC. and each of the other entities identified on the signature pages hereto as an “Originator”, as originators (collectively, the “Originators”). Capitalized terms used and not otherwise defined herein are used as defined in the Agreement (as defined below and amended hereby).
     WHEREAS, the parties hereto have entered into that certain Receivables Sale Agreement, dated as of March 7, 2003 (as amended, restated, supplemented or otherwise modified to the date hereof, the “Agreement”); and
     WHEREAS, the parties hereto desire to amend the Agreement in certain respects as hereinafter set forth;
     NOW THEREFORE, in consideration of the premises and the other mutual covenants contained herein, the parties hereto agree as follows:
     SECTION 1. Amendments.
     The Agreement is amended as follows:
     (a) The definition of “Senior Credit Agreement” set forth in Exhibit I to the Agreement is amended and restated in its entirety to read as follows:
Senior Credit Agreement: The Credit Agreement dated as of July 21, 1999, as amended and restated as of March 21, 2005, as may be further amended, modified, waived, restated, supplemented or replaced (including any refinancing thereof) from time to time, among Allied Waste Industries, Inc., Allied Waste North America, Inc., the lenders party thereto, including JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, Citicorp North America, Inc., as syndication agent, UBS Securities LLC, Credit Suisse First Boston, acting through its Cayman Islands branch, Wachovia Bank, National Association, Deutsche Bank Trust Company Americas and the Credit Provider, as co- documentation agents. For the avoidance of doubt, any reference to any section or article of the “Senior Credit Agreement” contained in this Agreement shall be deemed to be a reference to the most current substantively similar section or article of any restated or replacement (including any refinancing) credit agreement.
     SECTION 2. Representations and Warranties.
     (a) Each Originator represents and warrants to the Buyer and the Secured Parties that the representations and warranties set forth in Article II of the Agreement (as amended hereby) are true and correct as of the date hereof (unless stated to relate solely to an earlier date, in which case such representations and warranties were true and correct as of such earlier date).

 


 

     (b) Each of the Originators and the Buyer represents and warrants to each other and the Secured Parties that:
     (i) no Termination Event has occurred and is continuing;
     (ii) its execution and delivery of this Amendment, and its performance of its obligations under the Agreement (as amended hereby) are within its limited liability, corporate or partnership powers and have been duly authorized by all necessary limited liability company, corporate or partnership action on its part; and
     (iii) the Agreement (as amended hereby) is the valid and legally binding obligation of such Person, enforceable against such Person in accordance with its terms.
     SECTION 3. Effectiveness.
     This Amendment shall be effective as of the date hereof, provided that the amendment to the Agreement set forth in Section 1(a) shall be retroactively effective as of the date of the Agreement, in each case, upon receipt by the Agent of (i) counterparts to this Amendment duly executed by each of the parties hereto and (ii) such other documents, certificates and opinions of counsel as the Agent may reasonably request.
     SECTION 4. Reference to and Effect on the Agreement and the Related Documents.
     Each reference in the Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import shall mean and be, and any references to the Agreement in any other document, instrument or agreement executed and/or delivered in connection with the Agreement shall mean and be, a reference to the Agreement as amended hereby. Except as expressly amended by this Amendment, the Agreement shall continue in full force and effect and is hereby ratified and confirmed.
     SECTION 5. Governing Law.
     This Amendment has been delivered in New York, New York and shall be deemed a contract made under and governed by the laws of the State of New York (including for such purpose Sections 5-1401 and 5-1402 of the General Obligations Law of the State of New York).

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     SECTION 6. Severability.
     Each provision of this Amendment is severable from every other provision of this Amendment for the purpose of determining the legal enforceability of any provision hereof, and the unenforceability of one or more provisions of this Amendment in one jurisdiction shall not have the effect of rendering such provision or provisions unenforceable in any other jurisdiction.
     SECTION 7. Counterparts.
     This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page by facsimile or other electronic means acceptable to the Agent shall be effective as delivery of a manually executed counterpart of this Amendment.
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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their duly authorized officers as of the date hereof.
         
  ALLIED RECEIVABLES FUNDING
INCORPORATED, as Buyer
 
 
  By:      
    Name:   Michael S. Burnett   
    Title:   Treasurer   
 
  ALLIED WASTE NORTH AMERICA, INC., as an
Originator
 
 
  By:      
    Name:   Michael S. Burnett   
    Title:   Vice President and Treasurer   

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The following corporations, as Originators:
ADRIAN LANDFILL, INC.
AGRI-TECH, INC. OF OREGON
ALBANY-LEBANON SANITATION, INC.
ALLIED WASTE INDUSTRIES (ARIZONA), INC.
ALLIED WASTE NORTH AMERICA, INC
ALLIED WASTE SERVICES OF PAGE, INC.
ALLIED WASTE SERVICES OF STILLWATER, INC.
ALLIED WASTE SYSTEMS, INC.
ALLIED WASTE TRANSFER SERVICES OF UTAH, INC.
ALLIED WASTE TRANSPORTATION, INC.
AMERICAN DISPOSAL SERVICES OF ILLINOIS, INC.
AMERICAN DISPOSAL SERVICES OF KANSAS, INC.
AMERICAN DISPOSAL SERVICES OF MISSOURI, INC.
AMERICAN DISPOSAL SERVICES OF WEST VIRGINIA, INC.
APACHE JUNCTION LANDFILL CORPORATION
BFI WASTE SYSTEMS OF NEW JERSEY, INC.
BOND COUNTY LANDFILL, INC.
BORREGO LANDFILL, INC.
BRICKYARD DISPOSAL & RECYCLING, INC.
BROWNING-FERRIS INDUSTRIES OF CALIFORNIA, INC.
BROWNING-FERRIS INDUSTRIES OF OHIO, INC.
BROWNING-FERRIS INDUSTRIES, INC.
CAPITOL RECYCLING AND DISPOSAL, INC.
CELINA LANDFILL, INC.
CENTRAL SANITARY LANDFILL, INC.
CHAMBERS DEVELOPMENT OF NORTH CAROLINA, INC.
CHEROKEE RUN LANDFILL, INC.
CITIZENS DISPOSAL, INC.
CITY-STAR SERVICES, INC.
COPPER MOUNTAIN LANDFILL, INC.
CORVALLIS DISPOSAL CO.
COUNTY DISPOSAL (OHIO), INC.
COUNTY LANDFILL, INC.
DALLAS DISPOSAL CO.
DELTA CONTAINER CORPORATION
DEMPSEY WASTE SYSTEMS II, INC.
DTC MANAGEMENT, INC.
ELDER CREEK TRANSFER & RECOVERY, INC.
ENVIRONMENTAL RECLAMATION COMPANY

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ENVIRONTECH, INC.
F. P. MCNAMARA RUBBISH REMOVAL, INC.
FORWARD, INC.
FRED BARBARA TRUCKING CO., INC.
GEK, INC.
GRANTS PASS SANITATION, INC.
HARLAND’S SANITARY LANDFILL, INC.
ILLINOIS VALLEY RECYCLING, INC.
IMPERIAL LANDFILL, INC.
INTERNATIONAL DISPOSAL CORP. OF CALIFORNIA
KELLER CANYON LANDFILL COMPANY
KELLER DROP BOX, INC.
LAKE NORMAN LANDFILL, INC.
LATHROP SUNRISE SANITATION CORPORATION
LEE COUNTY LANDFILL, INC.
LOOP RECYCLING, INC.
LOOP TRANSFER, INCORPORATED
MCINNIS WASTE SYSTEMS, INC.
MESA DISPOSAL, INC.
NEW MORGAN LANDFILL COMPANY, INC.
NOBLE ROAD LANDFILL, INC.
OAKLAND HEIGHTS DEVELOPMENT, INC.
OTAY LANDFILL, INC.
OTTAWA COUNTY LANDFILL, INC.
PALOMAR TRANSFER STATION, INC.
PITTSBURG COUNTY LANDFILL, INC.
RABANCO, LTD.
RAMONA LANDFILL, INC.
RESOURCE RECOVERY, INC.
ROSSMAN SANITARY SERVICE, INC.
ROXANA LANDFILL, INC.
SALINE COUNTY LANDFILL, INC.
SANGAMON VALLEY LANDFILL, INC.
SAUK TRAIL DEVELOPMENT, INC.
SOURCE RECYCLING, INC.
STANDARD ENVIRONMENTAL SERVICES, INC.
SUNRISE SANITATION SERVICE, INC.
SUNSET DISPOSAL SERVICE, INC.
SUNSET DISPOSAL, INC.
SYCAMORE LANDFILL, INC.
THOMAS DISPOSAL SERVICE, INC.
UNITED DISPOSAL SERVICE, INC.
UPPER ROCK ISLAND COUNTY LANDFILL, INC.
VALLEY LANDFILLS, INC.
WASATCH REGIONAL LANDFILL, INC.
WASTE SERVICES OF NEW YORK, INC.

S-2-B


 

WDTR, INC.
WILLAMETTE RESOURCES, INC.
WILLIAMS COUNTY LANDFILL INC.
         
     
  By:      
    Name:   Michael S. Burnett   
    Title:   Treasurer of each of the foregoing
corporations 
 

S-3-C


 

     
 
  The following partnerships, as Originators:
GREEN VALLEY LANDFILL GENERAL PARTNERSHIP
By: Allied Waste North America, Inc., as General Partner of each of the foregoing partnerships
                 
 
  By:            
             
 
      Name:   Michael S. Burnett    
 
      Title:   Vice President and Treasurer    
 
               
 
      And   By: Browning-Ferris Industries of Tennessee,
Inc., as General Partner of each of the
foregoing partnerships
   
 
               
 
  By:            
             
 
      Name:   Michael S. Burnett    
 
      Title:   Treasurer    

S-2-D


 

                 
    The following partnerships, as Originators:    
 
               
    CLINTON COUNTY LANDFILL PARTNERSHIP    
    COUNTY LINE LANDFILL PARTNERSHIP    
    ILLIANA DISPOSAL PARTNERSHIP    
    KEY WASTE INDIANA PARTNERSHIP    
    LAKE COUNTY C & D DEVELOPMENT PARTNERSHIP    
    NEWTON COUNTY LANDFILL PARTNERSHIP    
    SPRINGFIELD ENVIRONMENTAL GENERAL PARTNERSHIP    
 
               
 
      By:   Allied Waste North America, Inc., as General
Partner of each of the foregoing partnerships
   
 
               
 
  By:            
             
 
      Name:   Michael S. Burnett    
 
      Title:   Vice President and Treasurer    
 
               
 
      And   By: Allied Waste Landfill Holdings, Inc., as General Partner of each of the foregoing partnerships    
 
               
 
  By:            
             
 
      Name:   Michael S. Burnett    
 
      Title:   Treasurer    

S-2-E


 

             
    The following limited liability companies, as
Originators:
 
           
    ALLIED WASTE SERVICES OF MASSACHUSETTS, LLC
    ALLIED WASTE NIAGARA FALLS LANDFILL, LLC
    ALLIED WASTE SERVICES OF NORTH AMERICA, LLC
    ALLIED WASTE SYCAMORE LANDFILL, LLC
    ALLIED WASTE SYSTEMS OF ARIZONA, LLC
    ALLIED WASTE SYSTEMS OF COLORADO, LLC
    ALLIED WASTE SYSTEMS OF MONTANA, LLC
    ALLIED WASTE TRANSFER SERVICES OF ARIZONA, LLC
    ALLIED WASTE TRANSFER SERVICES OF IOWA, LLC
    ALLIED WASTE TRANSFER SERVICES OF NEW YORK, LLC
    ALLIED WASTE TRANSFER SERVICES OF OREGON, LLC
    ALLIED WASTE TRANSFER SERVICES OF RHODE ISLAND, LLC
    ANDERSON REGIONAL LANDFILL, LLC
    AUTAUGA COUNTY LANDFILL, LLC
    BFI TRANSFER SYSTEMS OF ALABAMA, LLC
    BFI TRANSFER SYSTEMS OF GEORGIA, LLC
    BFI TRANSFER SYSTEMS OF MARYLAND, LLC
    BFI TRANSFER SYSTEMS OF MASSACHUSETTS, LLC
    BFI TRANSFER SYSTEMS OF MISSISSIPPI, LLC
    BFI TRANSFER SYSTEMS OF PENNSYLVANIA, LLC
    BFI TRANSFER SYSTEMS OF VIRGINIA, LLC
    BFI WASTE SERVICES OF PENNSYLVANIA, LLC
    BFI WASTE SERVICES, LLC
    BFI WASTE SYSTEMS OF ALABAMA, LLC
    BFI WASTE SYSTEMS OF ARKANSAS, LLC
    BFI WASTE SYSTEMS OF GEORGIA, LLC
    BFI WASTE SYSTEMS OF LOUISIANA, LLC
    BFI WASTE SYSTEMS OF MISSISSIPPI, LLC
    BFI WASTE SYSTEMS OF MISSOURI, LLC
    BFI WASTE SYSTEMS OF NORTH AMERICA, LLC
    BFI WASTE SYSTEMS OF TENNESSEE, LLC
    BFI WASTE SYSTEMS OF VIRGINIA, LLC
    BRDIGETON TRANSFER STATION, LLC

S-2-F


 

                 
    BRUNSWICK WASTE MANAGEMENT FACILITY, LLC    
    BUTLER COUNTY LANDFILL, LLC    
    CACTUS WASTE SYSTEMS, LLC    
    COURTNEY RIDGE LANDFILL, LLC    
    D & L DISPOSAL L.L.C.    
    ECDC ENVIRONMENTAL, L.C.    
    ENVOTECH – ILLINOIS, L.L.C.    
    FOREST VIEW LANDFILL, LLC    
    GREENRIDGE RECLAMATION, LLC    
    GREENRIDGE WASTE SERVICES, LLC    
    HANCOCK COUNTY DEVELOPMENT COMPANY, LLC    
    JEFFERSON CITY LANDFILL, LLC    
    LEE COUNTY LANDFILL SC, LLC    
    LEMONS LANDFILL, LLC    
    LIBERTY WASTE SERVICES OF ILLINOIS, L.L.C.    
    LIBERTY WASTE SERVICES OF MCCOOK, L.L.C.    
    MADISON COUNTY DEVELOPMENT, LLC    
    NORTHEAST LANDFILL, LLC    
    OKLAHOMA CITY LANDFILL, L.L.C.    
    SHOW-ME LANDFILL, LLC    
    TOTAL ROLL-OFFS, L.L.C.    
    WEBSTER PARISH LANDFILL, L.L.C.    
    WILLOW RIDGE LANDFILL, LLC    
 
               
 
  By:            
             
 
      Name:   Michael S. Burnett    
 
      Title:   Treasurer of each of the foregoing limited liability companies    

S-2-G


 

                 
    ALLIED SERVICES, LLC, as an Originator    
 
               
 
      By:   Allied Waste Landfill Holdings, Inc., as Managing Member    
 
               
 
  By:            
             
 
      Name:   Michael S. Burnett    
 
      Title:   Treasurer    
 
               
 
      And   By: Allied Green Power, Inc., as a Member    
 
               
 
  By:            
             
 
      Name:   Michael S. Burnett    
 
      Title:   Treasurer    
 
               
 
      And   By: Allied Waste North America, Inc., as a Member    
 
               
 
  By:            
             
 
      Name:   Michael S. Burnett    
 
      Title:   Vice President and Treasurer    

S-2-H


 

                 
    The following limited partnerships, as Originators:    
 
               
    ABILENE LANDFILL TX, LP    
    BFI TRANSFER SYSTEMS OF TEXAS, LP    
    BFI WASTE SERVICES OF INDIANA, LP    
    BFI WASTE SERVICES OF TEXAS, LP    
    BLUE RIDGE LANDFILL TX, LP    
    CAMELOT LANDFILL TX, LP    
    EL CENTRO LANDFILL, L.P.    
    ELLIS COUNTY LANDFILL TX, LP    
    GALVESTON COUNTY LANDFILL TX, LP    
    GOLDEN TRIANGLE LANDFILL TX, LP    
    GREENWOOD LANDFILL TX, LP    
    GULFWEST LANDFILL TX, LP    
    ITASCA LANDFILL TX, LP    
    KERRVILLE LANDFILL TX, LP    
    LEWISVILLE LANDFILL TX, LP    
    MCCARTY ROAD LADFILL TX, LP    
    MEXIA LANDFILL TX, LP    
    PINE HILL FARMS LANDFILL TX, LP    
    PLEASANT OAKS LANDFILL TX, LP    
    SOUTHWEST LANDFILL TX, LP    
    VICTORIA LANDFILL TX, LP    
    WHISPERING PINES LANDFILL TX, LP    
 
               
 
     
By: Allied Waste Landfill Holdings, Inc., as sole
General Partner of the foregoing limited
partnerships
   
 
               
 
  By:            
             
 
      Name:   Michael S. Burnett    
 
      Title:   Treasurer    

S-2-I


 

         
  DINVERNO, INC.
 
 
  By:      
    Name:   Roger Groen   
    Title:   President   

S-2-J


 

                 
    REGIONAL DISPOSAL COMPANY, as an Originator    
 
               
 
      By: Rabanco, Ltd., as Managing Partner    
 
               
 
  By:            
             
 
      Name:   Michael S. Burnett    
 
      Title:   Treasurer    

S-2-K


 

         
CALYON NEW YORK BRANCH, as Atlantic
Liquidity Bank and as Lender Group Agent for
the Atlantic Group
   
 
       
By:
       
Name:
 
 
   
Title:
 
 
   
 
       
By:
       
Name:
 
 
   
Title:
 
 
   

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ALLIED WASTE INDUSTRIES, INC., as
Performance Guarantor
 
       
By:
       
Name:
 
 
Michael S. Burnett
   
Title:
  Senior Vice President and Treasurer    

S-4