First Amendment to Credit Agreement among DLI Holding II Corp., Del Laboratories, Inc., and Lenders (July 26, 2005)

Summary

This amendment updates the original Credit Agreement dated January 27, 2005, between DLI Holding II Corp., Del Laboratories, Inc., various lenders, and JPMorgan Chase Bank as administrative agent. The amendment revises interest rate margins, financial definitions, and reporting requirements, and waives certain defaults related to financial covenants for the quarter ended June 30, 2005. It also temporarily restricts certain fee payments and requires the payment of an amendment fee to participating lenders. The amendment is effective upon execution by the required parties and payment of fees.

EX-4.1 2 exh4-1.txt FIRST AMENDMENT TO CREDIT AGREEMENT EXECUTION VERSION FIRST AMENDMENT, dated as of July 26, 2005, (this "AMENDMENT"), to the Credit Agreement dated as of January 27, 2005, (as further amended, supplemented or otherwise modified from time to time, the "CREDIT AGREEMENT"), among DLI HOLDING II CORP., a Delaware corporation ("HOLDINGS"), DEL LABORATORIES, INC., a Delaware corporation (the "BORROWER"), the several banks and other financial institutions or entities from time to time parties to the Credit Agreement (the "LENDERS"), J.P. MORGAN SECURITIES, INC. and BEAR, STEARNS & CO. INC. as Lead Arrangers, BEAR STEARNS CORPORATE LENDING INC., as Syndication Agent, DEUTSCHE BANK SECURITIES INC., as Documentation Agent and as co-agent (together with the Lead Arrangers, the "ARRANGERS") and JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, the "ADMINISTRATIVE AGENT"). R E C I T A L S: - - - - - - - - A. The Borrower has requested that the Lenders agree to amend and waive certain provisions of the Credit Agreement as herein set forth. B. The Lenders whose signatures appear below, constituting the Required Lenders, hereby consent to such amendment and waiver on the terms and conditions contained herein. NOW THEREFORE, the parties hereto hereby agree as follows: 1. DEFINED TERMS. Unless otherwise defined herein, capitalized terms which are defined in the Credit Agreement are used herein as therein defined. 2. AMENDMENTS AND WAIVER. The parties hereto hereby agree that the Credit Agreement shall be, and hereby is, amended as follows: (a) The definition of "Applicable Margin" is amended in its entirety by restating said definition as follows: "APPLICABLE MARGIN": for each Type and class of Loan the rate per annum set forth below opposite the description of such Loan: Eurodollar Term Loans 2.25% Eurodollar Revolving Loans 2.50% Base Rate Term Loans 1.25% Base Rate Revolving Loans and 1.50% Swingline Loans PROVIDED, that on and after the first Adjustment Date occurring after the completion of the first full fiscal quarter of the Borrower after the Closing Date, the Applicable Margin will be determined pursuant to the Pricing Grids; PROVIDED FURTHER, that during the period from July 26, 2005, to the first Adjustment Date occurring after the completion of the first full fiscal quarter of the Borrower after the Closing Date, the Applicable Margin for each Type and class of Loan will be the rate per annum set forth below opposite the description of such loan: Eurodollar Term Loans 2.75% Eurodollar Revolving Loans 3.00% Base Rate Term Loans 1.75% Base Rate Revolving Loans and 2.00% Swingline Loans (b) The definition of "Consolidated EBITDA" contained in Section 1.1 of the Credit Agreement is amended by inserting after clause (o) the following new clauses (p) and (q): , (p) fees and expense reimbursements incurred to Synergetics Installations Worldwide, Inc. in fiscal years 2005 and 2006 and (q) in fiscal years 2005 and 2006, costs associated with implementing the Synergetics Plan not to exceed $5,000,000 in the aggregate; (c) Section 1.1 of the Credit Agreement is amended by adding the following new definition in the appropriate alphabetical order: "FIRST AMENDMENT": the First Amendment to the Credit Agreement dated as of July 26, 2005. (d) The definition of "Pricing Grids" is amended in its entirety by restating said definition as follows: "PRICING GRIDS": the pricing grids and related provisions as amended in their entirety by Annex A attached to the First Amendment. (e) Section 1.1 of the Credit Agreement is amended by adding the following new definition in the appropriate alphabetical order: "SYNERGETICS PLAN": the restructuring plan adopted by the Borrower in consultation with Synergetics Installations Worldwide, Inc. (including any reasonable modifications or replacements thereof approved by the board of directors of Holdings or the Borrower). (f) Section 7.1 of the Credit Agreement is amended by adding the following new clause (c) immediately after clause (b): (c) as soon as available, but in any event not later than 30 days after the end of each month (other than a month that ends a fiscal quarter) commencing July 2005, monthly financial statements that are in form substantially similar to the quarterly financial forecasts delivered in connection with the First Amendment and that are otherwise reasonably satisfactory to the Administrative Agent in form. 2 (g) The table in Section 8.1(a) of the Credit Agreement is amended by inserting "6.5" in place of the amount set forth opposite "June 30, 2005" and the amount set forth opposite "September 30, 2005". (h) The Lenders hereby waive (i) any Event of Default which may exist solely as a result of the Borrower's failure to comply with the requirements of Section 8.1(a) of the Credit Agreement for the quarter ended June 30, 2005, as such Section was in effect immediately prior to, but not after, giving effect to this Amendment (it being understood that this waiver shall not constitute a waiver of any such provision of the Credit Agreement as in effect after giving effect to this Amendment) and (ii) any Default or Event of Default resulting from or relating in any respect to (A) any request for or extension of credit under the Credit Agreement during the pendency of any such Event of Default, (B) any failure to comply with any obligation that became required to be performed or observed under any of such provision by reason of the occurrence of any such Event of Default, and (C) any misstatement as to the absence of any such Event of Default. The waiver set forth in clause (ii) above, and the request therefor, shall not in any event constitute an admission on the part of any Loan Party that any Default or Event of Default of the types set forth in such clause (ii) has occurred. (i) Section 8.10(e) of the Credit Agreement is hereby amended by restating said Section in its entirety as follows: (e) the Borrower and its Subsidiaries may pay fees to the Sponsor and perform their other obligations pursuant to the terms of the Management Agreements so long as no Default under Section 9(a) or (f) has occurred and is continuing; PROVIDED, HOWEVER, that no such fees shall be paid to the Sponsor from the effective date of the First Amendment through December 31, 2005 (it being understood that such fees shall continue to accrue during such period). (j) Effective July 26, 2005, Annex A attached to the Credit Agreement is amended in its entirety as it is restated in Annex A attached hereto. 3. EFFECTIVENESS. This Amendment shall become effective on the date on which the Administrative Agent has received (a) this Amendment, executed and delivered by the Administrative Agent, Holdings, the Borrower and the Required Lenders and (b) an amendment fee, for the account of each Lender executing this Amendment by 5:00 p.m. (New York time) on July 26, 2005, in an amount equal to 0.10% of such Lender's Aggregate Exposure as of such date, and (c) all expense reimbursements and other amounts due to the Administrative Agent in connection with this Amendment. 4. REPRESENTATION AND WARRANTIES. Each of Holdings and the Borrower hereby represents and warrants that, after giving effect to the provisions of this Amendment, (a) each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents are true and correct in all material respects on and as of the date hereof as if made on and as of such date, except to the extent that such representations and warranties refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date, and (b) no Default or Event of Default has occurred and is continuing (other than any Event of Default that is waived pursuant to Section 2 of this Amendment). 3 5. CONTINUING EFFECT OF THE CREDIT AGREEMENT. This Amendment shall not constitute an amendment of any other provision of the Credit Agreement not expressly referred to herein and shall not be construed as a waiver or consent to any Default, Event of Default or future action on the part of any Loan Party that would require the consent of the Lenders or the Administrative Agent. Except as expressly amended hereby, the provisions of the Credit Agreement are and shall remain in full force and effect. 6. COUNTERPARTS. This Amendment may be executed by the parties hereto in any number of separate counterparts (including facsimiled counterparts), each of which shall be deemed to be an original, and all of which taken together shall be deemed to constitute one and the same instrument. 7. EXPENSES. The Borrower agrees to pay or reimburse the Administrative Agent for all of its reasonable out-of-pocket costs and expenses incurred in connection with the preparation, negotiation and execution of this Amendment, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent. 8. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.] 4 Annex A PRICING GRIDS The Applicable Margins and Commitment Fee Rate shall be adjusted on a quarterly basis after the completion of the first full fiscal quarter of the Borrower following the Closing Date, based on the Consolidated Leverage Ratio determined as of the last day of the most recent fiscal quarter for which financial statements have been delivered, with each such adjustment to become effective on the date (the "ADJUSTMENT DATE") that is three Business Days after the date on which the relevant financial statements are delivered to the Lenders pursuant to Section 7.1 and to remain in effect until the next adjustment is effected. The Applicable Margins and Commitment Fee Rate effective on each Adjustment Date shall be determined in accordance with the pricing grids set forth below: REVOLVING LOANS, SWINGLINE LOANS (BASE RATE ONLY) AND COMMITMENT FEE RATE

All rates in each pricing grid are per annum rates. If any financial statements referred to above are not delivered within the time periods specified in Section 7.1, then until the date that is three Business Days after the date on which such financial statements are delivered the highest rate set forth in each column of each pricing grid shall apply. At all times after maturity or acceleration of the maturity of the Loans or the delivery of notice to the Borrower by any Agent or Lender that an Event of Default has occurred and is continuing or occurrence of any Event of Default specified in Section 9(f) (until such time, if any, as such Event of Default may be cured or waived), the highest rate set forth in each column of each pricing grid shall apply. 5 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written. DLI HOLDING II CORP. By: /S/ HARVEY P. ALSTODT - -------------------------------------------------------------------------------- Name: Harvey Alstodt Title: Vice President & Secretary DEL LABORATORIES, INC. By: /S/ ENZO VIALARDI - -------------------------------------------------------------------------------- Name: Enzo Vialardi Title: Executive Vice President & CFO JP MORGAN CHASE BANK, N.A., as Administrative Agent and as Lender By: /S/ NEIL R. BOYLAN - -------------------------------------------------------------------------------- Name: Neil R. Boylan Title: Managing Director Signature page to the First Amendment, dated as of July 26, 2005, to the DEL LABORATORIES, INC Credit Agreement DEUTSCHE BANK TRUST COMPANY AMERICAS By: /S/ SCOTTYE LINDSEY - -------------------------------------------------------------------------------- Name: Scottye Lindsey Title: Director DEUTSCHE BANK TRUST COMPANY AMERICAS By: /S/ MARGUERITE SUTTON - -------------------------------------------------------------------------------- Name: Marguerite Sutton Title: Director HEWLETT'S ISLAND CLO II, LTD. By: Cypress Tree Investment Management Company, Inc., As Portfolio Manager By: /S/ JOHN FRABOTTA - -------------------------------------------------------------------------------- Name: John Frabotta Title: Chief Investment Officer AMMC CDO II, LIMITED By: American Money Management Corp., As Collateral Manager By: /S/ DAVID P. MEYER - -------------------------------------------------------------------------------- Name: David P. Meyer Title: Senior Vice President AMMC CLO IV, LIMITED By: American Money Management Corp., As Collateral Manager By: /S/ DAVID P. MEYER - -------------------------------------------------------------------------------- Name: David P. Meyer Title: Senior Vice President HARCH CLO II LIMITED - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ MICHAEL E. LEWITT - -------------------------------------------------------------------------------- Name : Michael E. Lewitt Title: Authorized Signatory HSBC BANK USA, NATIONAL ASSOCIATION - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ ALAN S. GIAIMIS - -------------------------------------------------------------------------------- Name : Alan S. Giaimis Title: First Vice President - -------------------------------------------------------------------------------- Citadel Hill 2000 Ltd. By: /S/ BRIAN CERRETA - -------------------------------------------------------------------------------- Name: Brian Cerreta Title: Authorized Signatory Flagship CLO 2001-1 By Flagship Capital Management, Inc. By: /S/ COLLEEN CUNNIFFE - -------------------------------------------------------------------------------- Name: Colleen Cunniffe Title: Director Flagship CLO II By Flagship Capital Management, Inc. By: /S/ COLLEEN CUNNIFFE - -------------------------------------------------------------------------------- Name: Colleen Cunniffe Title: Director Flagship CLO III By Flagship Capital Management, Inc. By: /S/ COLLEEN CUNNIFFE - -------------------------------------------------------------------------------- Name: Colleen Cunniffe Title: Director Flagship CLO IV By Flagship Capital Management, Inc. By: /S/ COLLEEN CUNNIFFE - -------------------------------------------------------------------------------- Name: Colleen Cunniffe Title: Director Aurum CLO 2002-1 Ltd., By Columbia Management Advisors, Inc. As Investment Manager By: /S/ COLLEEN CUNNIFFE - -------------------------------------------------------------------------------- Name: Colleen Cunniffe Title: Vice President The Sumitomo Trust and Banking Co., Ltd., New York Branch - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ ELIZABETH A. QUIRK - ----------------------------------------- Name: Elizabeth A. Quirk Title: Vice President SUMMIT LAKE CLO, LTD. By: /S/ WADE T. WINTER - -------------------------------------------------------------------------------- Name: Wade T. Winter Title: S.V.P. VICTORIA FALLS CLO, LTD. By: /S/ WADE T. WINTER - -------------------------------------------------------------------------------- Name: Wade T. Winter Title: S.V.P. By: Callidus Debt Partners CLO Fund II, Ltd. By: Its Collateral Manager, Callidus Capital Management, LLC - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ PETER R. BENNITT - -------------------------------------------------------------------------------- Name: Peter R. Bennitt Title: Principal By: Callidus Debt Partners CLO Fund III, Ltd. By: Its Collateral Manager, Callidus Capital Management, LLC - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ PETER R. BENNITT - -------------------------------------------------------------------------------- Name: Peter R. Bennitt Title: Principal Denali Capital LLC, managing member of DC Funding Partners LLC, Portfolio manager for DENALI CAPITAL CLO V, LTD., or an affiliate By: /S/ ROBERT M. COSEO - -------------------------------------------------------------------------------- Name: Robert M. Coseo Title: Managing Director Denali Capital LLC, managing member of DC Funding Partners LLC, Portfolio manager for DENALI CAPITAL CLO IV, LTD., or an affiliate By: /S/ ROBERT M. COSEO - -------------------------------------------------------------------------------- Name: Robert M. Coseo Title: Managing Director Denali Capital LLC, managing member of DC Funding Partners LLC, Portfolio manager for DENALI CAPITAL CLO III, LTD., or an affiliate By: /S/ ROBERT M. COSEO - -------------------------------------------------------------------------------- Name: Robert M. Coseo Title: Managing Director CIT LENDING SERVICES CORPORATION By: /S/ JOHN P. SIRICO, II - -------------------------------------------------------------------------------- Name: John P. Sirico, II Title: Vice President ISRAEL DISCOUNT BANK OF NEW YORK By: /S/ ANDY BALLTA - -------------------------------------------------------------------------------- Name: Andy Ballta Title: Vice President By: /S/ RONALD BONGIOVANNI - -------------------------------------------------------------------------------- Name: Ronald Bongiovanni Title: Senior Vice President Fidelity Central Investment Portfolios LLC: Fidelity Floating Rate Central Investment Portfolio - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ JOHN H. COSTELLO - -------------------------------------------------------------------------------- Name: John H. Costello Title: Assistant Treasurer GULF STREAM-COMPASS CLO 2005-1 LTD. By: Gulf Stream Asset Management, LLC As Collateral Manager - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ BARRY K. LOVE - -------------------------------------------------------------------------------- Name: Barry K. Love Title: Chief Credit Officer BEAR STEARNS CORPORATE LENDING INC. By: /S/ VICTOR BULZACCHELLI - -------------------------------------------------------------------------------- Name: Victor Bulzacchelli Title: Vice President - -------------------------------------------------------------------------------- Morgan Stanley Prime Income Trust By: /S/ JINNY KIM - -------------------------------------------------------------------------------- Name: Jinny Kim Title: Vice President Fidelity Advisor Series II: Fidelity Advisor Floating Rate High Income Fund - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ JOHN H. COSTELLO - -------------------------------------------------------------------------------- Name: John H. Costello Title: Assistant Treasurer Prospero CLO & B.V. - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ JOHN RANDOLPH WATKINS - -------------------------------------------------------------------------------- Name: John Randolph Watkins Title: Executive Director CYPRESSTREE CLAIF FUNDING LLC - ----------------------------------------- [Name of Lender] By: /S/ M. CRISTINA HIGGINS - -------------------------------------------------------------------------------- Name: Cristina Higgins Title: Assistant Vice President L.A. FUNDING LLC - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ M. CRISTINA HIGGINS - -------------------------------------------------------------------------------- Name: Cristina Higgins Title: Assistant Vice President PPM MONARCH BAY FUNDING LLC - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ M. CRISTINA HIGGINS - -------------------------------------------------------------------------------- Name: Cristina Higgins Title: Assistant Vice President PPM SHADOW CREEK FUNDING LLC - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ M. CRISTINA HIGGINS - -------------------------------------------------------------------------------- Name: Cristina Higgins Title: Assistant Vice President PPM SPYGLASS FUNDING TRUST - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ ANN E. MORRIS - -------------------------------------------------------------------------------- Name: Ann E. Morris Title: Authorized Agent SunAmerica Life Insurance Company By: AIG Global Investment Corp., Inc. Its Investment Advisor By: /S/ W. JEFFREY BAXTER - -------------------------------------------------------------------------------- Name: W. Jeffrey Baxter Title: Vice President Galaxy III CLO, Ltd. By: AIG Global Investment Corp., Inc. Its Investment Advisor By: /S/ W. JEFFREY BAXTER - -------------------------------------------------------------------------------- Name: W. Jeffrey Baxter Title: Vice President Galaxy CLO 2003-1, Ltd. By: AIG Global Investment Corp., Inc. Its Investment Advisor By: /S/ W. JEFFREY BAXTER - -------------------------------------------------------------------------------- Name: W. Jeffrey Baxter Title: Vice President FBS CBNA Loan Funding LLC - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ GREGG BRESNER - -------------------------------------------------------------------------------- Name: Gregg Bresner Title: Member, Briscoe Capital Mgmt. on behalf of FBS CBNA Loan Funding LLC IXIS LOOMIS SAYLES SENIOR LOAN FUND - -------------------------------------------------------------------------------- [Name of Lender] By: See Attached Page - -------------------------------------------------------------------------------- Name: Title: IXIS LOOMIS SAYLES SENIOR LOAN FUND - -------------------------------------------------------------------------------- By Loomis, Sayles and Company, L.P. its manager By Loomis, Sayles and Company, Inc. its general partner By: /S/ KEVIN J. PERRY Name: Kevin J. Perry Title: Vice President LOAN FUNDING I LLC, a wholly owned subsidiary of Citibank, N.A. By: TCW Advisors, Inc., as portfolio manager of Loan Funding I LLC By: /S/ WAYNE HOSANG - -------------------------------------------------------------------------------- Name: G. Wayne Hosang Title: Vice President By: /S/ JONATHAN R. INSULL - -------------------------------------------------------------------------------- Name: Jonathan R. Insull Title: Managing Director Jefferson-Pilot Life Insurance Company By: TCW Advisors, Inc., as its Investment Advisor By: /S/ WAYNE HOSANG - -------------------------------------------------------------------------------- Name: G. Wayne Hosang Title: Vice President By: /S/ JONATHAN R. INSULL - -------------------------------------------------------------------------------- Name: Jonathan R. Insull Title: Managing Director PARK AVENUE LOAN TRUST By: TCW Advisors, Inc., as Agent By: /S/ WAYNE HOSANG - -------------------------------------------------------------------------------- Name: G. Wayne Hosang Title: Vice President By: /S/ JONATHAN R. INSULL - -------------------------------------------------------------------------------- Name: Jonathan R. Insull Title: Managing Director TCW Senior Secured Loan Fund By: TCW Advisors, Inc., as its Investment Advisor By: /S/ WAYNE HOSANG - -------------------------------------------------------------------------------- Name: G. Wayne Hosang Title: Vice President By: /S/ JONATHAN R. INSULL - -------------------------------------------------------------------------------- Name: Jonathan R. Insull Title: Managing Director North Fork Business Capital Corporation - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ RONALD WALKER - -------------------------------------------------------------------------------- Name: Ronald Walker Title: Vice President VAN KAMPEN SENIOR LOAN FUND By: Van Kampen Asset Management - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ CHRISTINA JAMIESON - -------------------------------------------------------------------------------- Name: Christina Jamieson Title: Executive Director Kitty Hawk Trust By: Morgan Stanley Investment Management, Inc. as Investment Manager - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ CHRISTINA JAMIESON - -------------------------------------------------------------------------------- Name: Christina Jamieson Title: Executive Director VAN KAMPEN SENIOR INCOME TRUST By: Van Kampen Asset Management - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ CHRISTINA JAMIESON - -------------------------------------------------------------------------------- Name: Christina Jamieson Title: Executive Director JUPITER LOAN FUNDING LLC - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ M. CRISTINA HIGGINS - -------------------------------------------------------------------------------- Name: Cristina Higgins Title: Assistant Vice President WINGED FOOT FUNDING TRUST - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ ANN E. MORRIS - -------------------------------------------------------------------------------- Name: Ann E. Morris Title: Authorized Agent ING PRIME RATE TRUST By: ING Investment Management Co. as its Investment manager By: /S/ BRIAN S. HORTON - -------------------------------------------------------------------------------- Name: Brian S. Horton Title: Vice President ING SENIOR INCOME FUND By: ING Investment Management Co. as its Investment manager By: /S/ BRIAN S. HORTON - -------------------------------------------------------------------------------- Name: Brian S. Horton Title: Vice President Friedberg Milstein - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ ERIC GREEN - -------------------------------------------------------------------------------- Name: Eric Green Title: Senior Partner ACA Management, LLC as advisor to ACA CLO 2005, Limited - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ VINCENT M. INGATO - -------------------------------------------------------------------------------- Name: Vincent M. Ingato Title: Managing Director BABSON CLO LTD. 2003-I BABSON CLO LTD. 2004-II BABSON CLO LTD. 2005-I SUFFIELD CLO, LIMITED By: Babson Capital Management LLC as Collateral Manager By: /S/ DAVID P. WELLS - -------------------------------------------------------------------------------- Name: David P. Wells, CFA Title: Managing Director MAPLEWOOD (CAYMAN) LIMITED By: Babson Capital Management LLC as Investment Manager By: /S/ DAVID P. WELLS - -------------------------------------------------------------------------------- Name: David P. Wells, CFA Title: Managing Director MASSACHUSETTS MUTAL LIFE INSURANCE COMPANY By: Babson Capital Management LLC as Investment Adviser By: /S/ DAVID P. WELLS - -------------------------------------------------------------------------------- Name: David P. Wells, CFA Title: Managing Director 47th Street Funding II Inc. By: /S/ DAVID M. MILLISON - -------------------------------------------------------------------------------- Name: David M. Millison Title: Managing Director OAK HILL CREDIT PARTNERS I, LIMITED By: Oak Hill CLO Management I, LLC As Investment Manager By: /S/ SCOTT D. KRASE - -------------------------------------------------------------------------------- Name: Scott D. Krase Title: Authorized Person OAK HILL CREDIT PARTNERS II, LIMITED By: Oak Hill CLO Management II, LLC As Investment Manager By: /S/ SCOTT D. KRASE - -------------------------------------------------------------------------------- Name: Scott D. Krase Title: Authorized Person OAK HILL CREDIT PARTNERS III, LIMITED By: Oak Hill CLO Management III, LLC As Investment Manager By: /S/ SCOTT D. KRASE - -------------------------------------------------------------------------------- Name: Scott D. Krase Title: Authorized Person OAK HILL CREDIT PARTNERS IV, LIMITED By: Oak Hill CLO Management IV, LLC As Investment Manager By: /S/ SCOTT D. KRASE - -------------------------------------------------------------------------------- Name: Scott D. Krase Title: Authorized Person SMBC MVI SPC, on behalf of and for the account of Segregated Portfolio No. 1 By: Oak Hill Separate Account Management I, LLC As Investment Manager By: /S/ SCOTT D. KRASE - -------------------------------------------------------------------------------- Name: Scott D. Krase Title: Authorized Person BLACK DIAMOND CLO 2005-1 LTD. By: Black Diamond Capital Management, L.L.C., as its Collateral Manager - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ JAMES J. ZENNL, JR. - -------------------------------------------------------------------------------- Name: James J. Zennl, Jr. President & Managing Partner Black Diamond Capital Management, L.L.C. GSC PARTNERS CDO FUND V, LIMITED By: GSCP (NJ), L.P., as Collateral Manager By: /S/ ALEXANDER B. WRIGHT - -------------------------------------------------------------------------------- Name: Alexander B. Wright Title: Authorized Signatory GSC PARTNERS CDO FUND IV, LIMITED By: GSCP (NJ), L.P., as Collateral Manager By: /S/ ALEXANDER B. WRIGHT - -------------------------------------------------------------------------------- Name: Alexander B. Wright Title: Authorized Signatory MFS Floating Rate High Income Fund By: PALMER & Dodge LLP, its Agent By: /S/ JOHN C. KACOYANNAKIS - -------------------------------------------------------------------------------- Name: John Kacoyannakis Title: Authorized Signatory Stanfield Vantage CLO, Ltd. By: Stanfield Capital Partners, LLC as its Asset Manager - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ CHRISTOPHER E. JANSEN - -------------------------------------------------------------------------------- Name: Christopher E. Jansen Title: Managing Partner Landmark V CDO Ltd. Aladdin Capital Mgmt. LLC - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ WILLIAM S. LUTKINS - -------------------------------------------------------------------------------- Name: William S. Lutkins Title: Authorized Signatory /S/ ROBERT M. KADLICK - -------------------------------------------------------------------------------- By: General Electric Capital Corporation Name: Robert M. Kadlick Title: Duly Authorized Signatory - -------------------------------------------------------------------------------- GMAC Commercial Finance, LLC By: /S/ CHRISTOPHER M. GAUCH - -------------------------------------------------------------------------------- Name: Christopher M. Gauch Title: Vice President - -------------------------------------------------------------------------------- CLT, L.P. By: GSO Capital Partners LP as Collateral Manager By: /S/ MELISSA MARANO - -------------------------------------------------------------------------------- Name: Melissa Marano Title: Authorized Signatory Hanover Square CLO Ltd. By: Blackstone Debt Advisors L.P. As Collateral Manager - -------------------------------------------------------------------------------- By: /S/ DEAN CRIARES - -------------------------------------------------------------------------------- Name: Dean Criares Title: Managing Director Union Square CDO Ltd. By: Blackstone Debt Advisors L.P. As Collateral Manager - -------------------------------------------------------------------------------- By: /S/ DEAN CRIARES - -------------------------------------------------------------------------------- Name: Dean Criares Title: Managing Director Monument Park CDO Ltd. By: Blackstone Debt Advisors L.P. As Collateral Manager - -------------------------------------------------------------------------------- By: /S/ DEAN CRIARES - -------------------------------------------------------------------------------- Name: Dean Criares Title: Managing Director Loan Funding VI LLC, for itself as agent for Corporate Loan Funding VI LLC - -------------------------------------------------------------------------------- By: /S/ DEAN CRIARES - ------------------------------- Name: Dean Criares Title: Managing Director Madison Park Funding I, Ltd. - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ DAVID H. LERNER - -------------------------------------------------------------------------------- Name: David H. Lerner Title: Authorized Signatory Whitehorse II, Ltd. By: Whitehorse Capital Partners, L.P. As Collateral Manager - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ ETHAN M. UNDERWOOD - -------------------------------------------------------------------------------- Name: Ethan M. Underwood, CFA Title: Portfolio Manager RAYMOND JAMES BANK, FSB By: /S/ THOMAS F. MACINA - -------------------------------------------------------------------------------- Name: Thomas F. Macina Title: Senior Vice President Senior Credit Administration Officer Mainstay Floating Late Fund, A Series of Eclipse Funds, Inc. - -------------------------------------------------------------------------------- [Name of Lender] By: New York Life Investment Management LLC By: /S/ R.H. DIAL - -------------------------------------------------------------------------------- Name: R. H. Dial Title: Managing Director Millcreek CBNA - -------------------------------------------------------------------------------- [Name of Lender] By: /S/ JAMES SPAULDING - -------------------------------------------------------------------------------- Name: James Spaulding Title: Attorney-In-Fact