AMENDMENT NO. 5 TO AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT

EX-10.1 2 l16224aexv10w1.htm EXHIBIT 10.1 Exhibit 10.1
 

Exhibit 10.01
AMENDMENT NO. 5 TO
AMENDED AND RESTATED
RECEIVABLES PURCHASE AGREEMENT
     This AMENDMENT NO. 5 TO AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT(this “Amendment”), dated as of September 29, 2005, by and among Cardinal Health Funding, LLC, a Nevada limited liability company, as Seller (“Seller”), Griffin Capital, LLC, a Nevada limited liability company, as Servicer (“Servicer”), each entity signatory hereto as a Conduit (each a “Conduit” and collectively, the “Conduits”), each entity signatory hereto as a Financial Institution (each a “Financial Institution” and, collectively with the Conduits, the “Purchasers”), each entity signatory hereto as a Managing Agent (each a “Managing Agent” and collectively, the “Managing Agents”) and JPMorgan Chase Bank, N.A. (successor by merger to Bank One, NA (Main Office Chicago), as the Agent (the “Agent”).
R E C I T A L S
     Seller, Servicer, the Purchasers, the Managing Agents and the Agent have entered into that certain Amended and Restated Receivables Purchase Agreement, dated as of May 21, 2004, as amended by the Omnibus Amendment, dated as of August 18, 2004, as further amended by the Omnibus Limited Waiver and Second Omnibus Amendment thereto, dated as of September 24, 2004, as further amended by the Amendment No. 3 thereto, dated as of September 30, 2004, and as further amended by the Amendment No. 4 thereto, dated as of February 3, 2005 (as heretofore amended, the “Purchase Agreement”).
     Seller, Servicer, the Purchasers, the Managing Agents and the Agent now desire to amend the Purchase Agreement upon the terms and subject to the conditions set forth herein.
A G R E E M E N T
     NOW, THEREFORE, in consideration of the premises herein contained and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by the parties hereto, the parties hereto agree as follows:
     Section 1. Definitions. Capitalized terms used herein and not otherwise defined herein shall have the respective meanings assigned thereto in the Purchase Agreement, as amended hereby.
     Section 2. Amendment to Purchase Agreement. Subject to the terms and conditions set forth herein, the definition of “Liquidity Termination Date” set forth in Exhibit I to the Purchase Agreement is hereby amended by amending and restating, in its entirety, such definition where it appears therein to read as follows:
     “Liquidity Termination Date” means September 28, 2006.

 


 

AMENDMENT NO. 5 TO
RECEIVABLES PURCHASE AGREEMENT
     Section 3. Conditions to Effectiveness of this Amendment. This Amendment shall become effective as of the date hereof, subject to the satisfaction of the following conditions:
          (a) Amendment. The Agent and each Managing Agent shall have received executed counterparts of this Amendment, duly executed by each of the parties hereto.
          (b) Representations and Warranties. As of the date hereof, both before and after giving effect to this Amendment, all of the representations and warranties of Seller and Servicer contained in the Purchase Agreement, as amended hereby, and in each other Transaction Document (other than those that speak expressly only as of a different date) shall be true and correct in all material respects as though made on the date hereof (and by its execution hereof, each of Seller and Servicer shall be deemed to have represented and warranted such).
          (c) No Amortization Event. As of the date hereof, both before and after giving effect to this Amendment, no Amortization Event or Potential Amortization Event shall have occurred and be continuing (and by its execution hereof, each of Seller and Servicer shall be deemed to have represented and warranted such).
     Section 4. Miscellaneous.
          (a) Effect; Ratification. The amendments set forth herein are effective solely for the purposes set forth herein and shall be limited precisely as written, and shall not be deemed to (i) be a consent to, or acknowledgment of, any amendment, waiver or modification of any other term or condition of the Purchase Agreement or of any other instrument or agreement referred to therein; or (ii) prejudice any right or remedy which any Purchaser, each Managing Agent or the Agent (or any of their assigns) may now have or may have in the future under or in connection with the Purchase Agreement or any other instrument or agreement referred to therein. Each reference in the Purchase Agreement to “this Agreement,” “herein,” “hereof” and words of like import and each reference in the other Transaction Documents to “Receivables Purchase Agreement,” the “Purchase Agreement” or the Purchase Agreement shall mean the Purchase Agreement, as amended hereby, as applicable. This Amendment shall be construed in connection with and as part of the Purchase Agreement and all terms, conditions, representations, warranties, covenants and agreements set forth in the Purchase Agreement and each other instrument or agreement referred to therein, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect.
          (b) Transaction Documents. This Amendment is a Transaction Document executed pursuant to the Purchase Agreement and shall be construed, administered and applied in accordance with the terms and provisions thereof.
          (c) Costs, Fees and Expenses. Seller agrees to reimburse the Agent, each Managing Agent and each Purchaser on demand for all costs, fees and expenses incurred by the Agent, each Managing Agent and each Purchaser (including, without limitation, the reasonable fees and expenses of counsels to the Agent, each Managing Agent and each Purchaser) incurred in connection with the preparation, execution and delivery of this Amendment.

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AMENDMENT NO. 5 TO
RECEIVABLES PURCHASE AGREEMENT
          (d) Counterparts. This Amendment may be executed in any number of counterparts, each such counterpart constituting an original and all of which when taken together shall constitute one and the same instrument.
          (e) Severability. Any provision contained in this Amendment which is held to be inoperative, unenforceable or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable or invalid without affecting the remaining provisions of this Amendment in that jurisdiction or the operation, enforceability or validity of such provision in any other jurisdiction.
          (f) GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF ILLINOIS.
          (g) WAIVER OF TRIAL BY JURY. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT OF TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR IN CONNECTION WITH THIS AMENDMENT OR ANY MATTER ARISING HEREUNDER OR THEREUNDER.
(Signature Pages Follow)

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AMENDMENT NO. 5 TO
RECEIVABLES PURCHASE AGREEMENT
     IN WITNESS WHEREOF, the undersigned have caused this Amendment to be executed as of the date first above written.
         
    CARDINAL HEALTH FUNDING, LLC
 
       
 
  By:        /s/ Ali Rizvi
 
       
    Name: Ali Rizvi
    Title: President
 
       
    GRIFFIN CAPITAL, LLC
 
       
 
  By:        /s/ Wayne Jeu
 
       
    Name: Wayne Jeu
    Title: President

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AMENDMENT NO. 5 TO
RECEIVABLES PURCHASE AGREEMENT
         
    PREFERRED RECEIVABLES FUNDING
CORPORATION, as a Conduit
 
       
 
  By:   /s/ Brian J. Zimmer 
 
       
    Name: Brian J. Zimmer
    Title: Authorized Signer
 
       
    FALCON ASSET SECURITIZATION
CORPORATION, as a Conduit
 
       
 
  By:   /s/ Brian J. Zimmer 
 
       
    Name: Brian J. Zimmer
    Title: Authorized Signer
 
       
    JPMORGAN CHASE BANK, N.A. (successor by merger to Bank One, NA (Main Office Chicago)), as a Financial Institution and as Agent
 
       
 
  By:   /s/ Brian J. Zimmer 
 
       
    Name: Brian J. Zimmer
    Title: Vice President

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AMENDMENT NO. 5 TO
RECEIVABLES PURCHASE AGREEMENT
         
    LIBERTY STREET FUNDING CORP., as a Conduit
 
       
 
  By:   /s/ Andrew L. Stidd 
 
       
    Name: Andrew L. Stidd
    Title: President
 
       
    THE BANK OF NOVA SCOTIA, as a Financial Institution and as a Managing Agent
 
       
 
  By:   /s/ Norman Last 
 
       
    Name: Norman Last
    Title: Managing Director

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