Amended & Restated Receivables Sale Agreement

EX-4.9 6 c83468exv4w9.txt AMENDED & RESTATED RECEIVABLES SALE AGREEMENT EXHIBIT 4.9 EXECUTION COPY AMENDMENT NO. 1 TO AMENDED AND RESTATED RECEIVABLES SALE AGREEMENT THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED RECEIVABLES SALE AGREEMENT (the "Amendment"), dated as of October 2, 2003, between ANIXTER INC., a Delaware corporation, (the "Originator") and ANIXTER RECEIVABLES CORPORATION, a Delaware corporation (the "Buyer"). W I T N E S S E T H: WHEREAS, the Originator and the Buyer are parties to that certain Amended and Restated Receivables Sale Agreement, dated as of October 3, 2002 (as amended, restated, supplemented or otherwise modified from time to time, the "Agreement"); and WHEREAS the parties hereto desire to amend the Agreement on the terms and conditions set forth below; NOW THEREFORE, in consideration of the premises herein contained, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto hereby agree as follows: 1. Defined Terms. Capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Agreement. 2. Amendments to the Agreement. 2.1. The following defined term is hereby added to Exhibit I in the proper alphabetical location: "Excluded Receivable" means indebtedness and other obligations owed to Originator, in respect of: (i) all accounts receivable generated by Originator's Latin American export locations; (ii) all accounts receivable generated by Originator's "Pacer" division, (iii) all accounts receivable generated by Originator's "Pentacon" division which are not included in Originator's main subledger systems and, (iv) all accounts receivable owing by Obligors with the following customer numbers: 139661, 804470, 544876, 520222, 037690 or 608556 and (v) all accounts receivable existing at Originator's general corporate division coded WC. 2.2 The defined term "Receivable" set forth in Exhibit I is hereby amended to insert the words "other than Excluded Receivables" immediately following the parenthetical in the third line thereof. 3. Effective Date. This Amendment shall become effective and shall be deemed effective as of the date first written above when the parties shall have received a copy of this Amendment duly executed by each of the parties hereto. 4 Representations and Warranties of the Originator. In order to induce the parties hereto to enter into this Amendment, the Originator represents and warrants to the Buyer, as to itself, that: 4.1. The execution and delivery by such Originator of this Amendment has been duly authorized by proper corporate proceedings of such Originator and this Amendment, and the Agreement, as amended by this Amendment, constitutes the legal, valid and binding obligation of such Originator, enforceable against such Originator in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws of general applicability affecting the enforcement of creditors' rights generally. 5. Ratification. The Agreement, as amended hereby, is hereby ratified, approved and confirmed in all respects. 6. Reference to Agreement. From and after the effective date hereof, each reference in the Agreement to "this Agreement", "hereof", or "hereunder" or words of like import, and all references to the Agreement in any and all agreements, instruments, documents, notes, certificates and other writings of every kind and nature shall be deemed to mean the Agreement, as amended by this Amendment. 7. CHOICE OF LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF ILLINOIS. 8. Execution of Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. - 2 - IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their duly authorized officers as of the date first written above: ANIXTER INC., as the Originator By: ___________________________ Name: Title: ANIXTER RECEIVABLES CORPORATION, as the Buyer By: ___________________________ Name: Title: Acknowledged and Agreed this 2nd day of October, 2003. FALCON ASSET SECURITIZATION CORPORATION By: ___________________________ Name: George S. Wilkens Title: Authorized Signatory THREE PILLARS FUNDING CORPORATION By: ___________________________ Name: Title: Authorized Signatory BANK ONE, NA, as a Financial Institution and as Agent By: ___________________________ Name: George S. Wilkens Title: Director, Capital Markets SUNTRUST BANK, as a Financial Institution By :___________________________ Name: Title: SUNTRUST CAPITAL MARKETS INC., as an Agent By: ___________________________ Name: Title: