INCREASED COMMITMENT NOTICE AND ADDED LENDER AGREEMENT

EX-10.3 5 w91537exv10w3.htm EXHIBIT 10.3 exv10w3
 

Exhibit 10.3

INCREASED COMMITMENT NOTICE AND ADDED LENDER AGREEMENT

Date:   September 26, 2003

         
         
Bank of America, N.A., as Administrative Agent    
101 N. Tryon Street, 15th Floor    
NC1-001-15-03    
Charlotte, North Carolina 28255    
Attention:   Mary F. Edwards    
    Agency Management    
         
American Management Systems, Incorporated    
AMS Management Systems Australia Pty, Limited    
AMS Management Systems Canada Inc.    
AMSY Management Systems Netherlands B.V.    
c/o American Management Systems, Inc.    
4000 Legato Road, 4th Floor    
Fairfax, Virginia 22033    
         
Attention:   Hui Markva    

Ladies and Gentlemen:

     We refer to the Credit Agreement, dated as of November 13, 2002 (as amended, restated, modified, supplemented or renewed from time to time, the “Credit Agreement”) among American Management Systems, Incorporated, AMS Management Systems Australia Pty. Limited, AMS Management Systems Canada Inc. and AMSY Management Systems Netherlands B.V. (collectively, the “Borrowers”), the Lenders parties thereto, Bank of America, N.A., as administrative agent (in such capacity, the “Agent”), L/C Issuer and Swing Line Lender, Bank of America, N.A. (Canada Branch), as Canadian Agent and Canadian Fronting Lender, BA Asia Limited, as Australian Agent, and Bank of America, National Association, Sydney Branch, as Australian Fronting Lender.

     This Increased Commitment Notice and Added Lender Agreement (this “Agreement”) is made and delivered pursuant to (a) Section 2.17 of the Credit Agreement, and (b) the Increased Commitment Request dated September 4, 2003 from the Borrowers to the Agent.

     The Borrowers, by their execution hereof, give notice to the Agent of their election to increase the Aggregate Commitments by $40,000,000 in accordance with the terms hereof, effective as of September 26, 2003 (the “Effective Date”).

     As of the Effective Date, KeyBank National Association (“KeyBank”) will become a party to the Credit Agreement as a Lender, with a Commitment of $40,000,000. KeyBank hereby confirms and agrees that with effect on and after the Effective Date, it shall be and

 


 

become a party to the Credit Agreement as a Lender, and shall have all of the rights and be obligated to perform all of the obligations of a Lender thereunder with a Commitment in the amount set forth above. KeyBank (a) acknowledges that it has received a copy of the Credit Agreement and the schedules and exhibits thereto, copies of the most recent financial statements of the Borrowers, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Agreement; and (b) agrees that it will, independently and without reliance upon the Agent, the Borrowers, 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 and legal decisions in taking or not taking action under the Credit Agreement and the other Loan Agreements.

     The following administrative details apply to KeyBank:

     Request for Loans:

KeyBank National Association
127 Public Square
OH-01-27-0611
Cleveland, OH 44114

Attn: Paula Brewer
Deal Administrator
Telephone: (216)  ###-###-####
Facsimile: (216)  ###-###-####
E-mail: ***@***

Wire Instructions:
KeyBank National Association
Cleveland, OH 44114
ABA #041-001-039
Account #3057
Account Name:  Specialty Loan Services

Reference: American Management Systems/
KCIB Services – Paula Brewer

     Notices (other than Requests for Loans):

KeyBank National Association
127 Public Square, 4th Floor
Cleveland, OH 44114

Attn: Jeff Kalinowski
Vice President
Telephone: (216)  ###-###-####
Facsimile: (216)  ###-###-####
E-mail: ***@***

     This Agreement shall constitute a Loan Document.

 


 

     THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, NOTWITHSTANDING ITS EXECUTION OUTSIDE SUCH STATE.

         
    KEYBANK NATIONAL ASSOCIATION, as a
Lender
         
    By:   /s/ Jeff Kalinowski
       
    Title:   Vice President
       
         
ACKNOWLEDGED as of September 26, 2003:    
         
BANK OF AMERICA, N.A., as Administrative    
Agent        
         
By:   /s/ Mary F. Edwards    
   
   
Title:   Assistant Vice President    
         
AMERICAN MANAGEMENT SYSTEMS, INCORPORATED    
         
By:   /s/ Alan P. Goldblatt    
   
   
Title:   Alan P. Goldblatt, Treasurer    
         
AMS MANAGEMENT SYSTEMS AUSTRALIA PTY. LIMITED    
         
By:   /s/ James C. Reagan    
   
   
Title:   James C. Reagan, Director    
         
AMS MANAGEMENT SYSTEMS CANADA INC    
         
By:   /s/ James C. Reagan    
   
   
Title:   James C. Reagan, Director    
         
AMSY MANAGEMENT SYSTEMS NETHERLANDS B.V.    
         
By:   /s/ James C. Reagan    
   
   
Title:   James C. Reagan, Managing Director