LOAN AGREEMENT Datedas of March 18, 2005

Contract Categories: Business Finance - Loan Agreements
EX-4.1 2 dex41.htm CONSENT & WAIVER CONSENT & WAIVER

Exhibit 4.1

 

EXECUTION COPY

 

CONSENT AND WAIVER UNDER THE SENIOR UNSECURED TERM

LOAN AGREEMENT

 

Dated as of March 18, 2005

 

CONSENT AND WAIVER UNDER THE SENIOR UNSECURED TERM LOAN AGREEMENT, dated as of March 18, 2005 (this “Consent”), among DRESSER, INC., a Delaware corporation (the “Borrower”), the Guarantors (as defined below), the Lenders listed on the signature pages hereto and MORGAN STANLEY SENIOR FUNDING, INC. (“MSSF”), as Administrative Agent.

 

W I T N E S S E T H:

 

WHEREAS, the Borrower, the Guarantors, the Lenders party thereto and the Agents have entered into a Senior Unsecured Term Loan Agreement dated as of March 1, 2004, (the “Term Loan Agreement”; capitalized terms used herein but not defined shall be used herein as defined in the Term Loan Agreement).

 

WHEREAS, the Borrower desires to modify the Term Loan Agreement in certain respects and to waive certain Defaults and Events of Default under the Credit Agreement, in each case as provided herein;

 

WHEREAS, the Required Lenders have agreed, subject to the terms and conditions hereinafter set forth, to modify the Term Loan Agreement in response to the Borrower’s request as set forth below;

 

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged), the parties hereto hereby agree as follows:

 

SECTION 1. Consent. Notwithstanding anything to the contrary set forth in the Term Loan Agreement, the Required Lenders hereby consent to (a) the extension of the delivery date specified for the audited financial statements for the Fiscal Year ended December 31, 2004 and the other material with respect to such Fiscal Year required by Section 5.01(b) of the Term Loan Agreement to no later than May 30, 2005 (the “10K Extended Delivery Date”), it being understood and agreed that if the Borrower fails to deliver such audited financial statements and other materials on or before the 10K Extended Delivery Date, and a notice of Default with respect to such failure is delivered to the Borrower by the Administrative Agent or the Lenders holding of at least 25% of the outstanding principal amount of the Senior Unsecured Obligations pursuant to Section 6.01(c) of the Term Loan Agreement, such failure shall constitute an Event of Default for all purposes under the Loan Documents and (b) the extension of the delivery date specified for the material required by Section 5.01(b) with respect to the fiscal quarter ended March 31, 2005 to no later than June 29, 2005 (the “10Q Extended Delivery Date”), it being understood and agreed that if the Borrower fails to deliver the materials required by Section 5.01(b) with respect to the fiscal quarter ended March 31, 2005 by the 10Q Extended Delivery

 


Date, and a notice of Default with respect to such failure is delivered to the Borrower by the Administrative Agent or the Lenders holding of at least 25% of the outstanding principal amount of the Senior Unsecured Obligations pursuant to Section 6.01(c) of the Term Loan Agreement, such failure shall constitute an Event of Default for all purposes under the Loan Documents. Notwithstanding the foregoing, it is further understood and agreed that the Borrower shall deliver to the Lenders all financial statements for the fiscal quarter ended March 31, 2005 that are provided to the “Lenders” under the Existing Credit Agreement at the same time as such financial statements are delivered under the Existing Credit Agreement, and if the Borrower fails to do so, and a notice of Default with respect to such failure is delivered to the Borrower by the Administrative Agent or the Lenders holding of at least 25% of the outstanding principal amount of the Senior Unsecured Obligations pursuant to Section 6.01(c) of the Term Loan Agreement, such failure shall constitute an Event of Default for all purposes under the Loan Documents.

 

SECTION 2. Waiver. The Lenders holding not less than a majority in aggregate principal amount of the then outstanding Senior Unsecured Obligations hereby waive any Default or Event of Default in respect of the provisions of Sections 3.01(a)(iv), 3.01(c), 4.01(f), 4.01(g), 4.01(h), 4.01(j), 5.01(b) and 5.01(c) of the Term Loan Agreement and any related or substantially comparable provision of any Loan Document, in each case consisting of, resulting from or relating in any respect to (i) the re-audit, revision or restatement of any financial statement delivered prior to the date of this Consent and Waiver by the Borrower or any of its Subsidiaries (including, without limitation, any misstatement therein or in any certificate, representation or warranty relating thereto, or any error, defect or deficiency in accounting procedures or in the application of accounting principles reflected thereby or relating thereto), (ii) any failure to deliver any such financial statement when or as required, except as required by Section 1 above, (iii) any failure to comply with any obligation that became required to be performed or observed under any of such provisions by reason of the occurrence of any such Default or Event of Default or (iv) any misstatement as to the absence of any such Default or Event of Default.

 

SECTION 3. Conditions to Effectiveness. This Consent shall become effective on the date (the “Effective Date”) when each of the conditions set forth in this Section 3 to this Consent shall have been fulfilled to the satisfaction of the Administrative Agent.

 

(i) Execution of Counterparts. The Administrative Agent shall have received counterparts of this Consent, duly executed and delivered on behalf of each of (a) the Borrower and each Guarantor, (b) the Administrative Agent and (c) the Required Lenders, or as to any of the foregoing parties, advice reasonably satisfactory to the Administrative Agent that each of the foregoing parties has executed a counterpart of this Consent.

 

(ii) Payment of Fees and Expenses. The Borrower shall have paid (a) to the Administrative Agent, for the benefit of each Lender executing this Consent on or before March 17, 2005, a fee equal to 0.05% of the aggregate Commitments and Advances of each such Lender and (b) all expenses (including the fees and expenses of Shearman & Sterling LLP) incurred in connection with the preparation, negotiation and execution of this Consent and other matters relating to the Term Loan Agreement from and after the last invoice to the extent invoiced.

 

2


SECTION 4. Representations and Warranties. Each Borrower hereby represents and warrants that as of the date hereof no Default has occurred and is continuing or would result from the effectiveness of this Consent.

 

SECTION 5. Reference to and Effect on the Transaction Documents. (a) On and after the effectiveness of this Consent, each reference in the Term Loan Agreement to “hereunder”, “hereof” or words of like import referring to the Term Loan Agreement, and each reference in the other transaction documents to the “Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Term Loan Agreement, shall mean and be a reference to the Term Loan Agreement as modified by this Consent.

 

(b) The Term Loan Agreement, the Notes and each of the other Loan Documents, as specifically amended by this Consent, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.

 

(c) The execution, delivery and effectiveness of this Consent shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or any Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.

 

SECTION 6. Execution in Counterparts. This Consent 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 but one and the same agreement. Delivery of an executed counterpart of a signature page to this Consent by telecopier shall be effective as delivery of a manually executed counterpart of this Consent.

 

SECTION 7. Governing Law. This Consent shall be governed by, and construed in accordance with, the laws of the State of New York, and shall be subject to the jurisdictional and service provisions of the Term Loan Agreement, as if this were a part of the Term Loan Agreement.

 

SECTION 8. Entire Agreement; Modification. This Consent constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, there being no other agreements or understandings, oral, written or otherwise, respecting such subject matter, any such agreement or understanding being superseded hereby, shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, and may not be amended, extended or otherwise modified, except in a writing executed in whole or in counterparts by each party hereto.

 

[Signatures follow.]

 

3


 

IN WITNESS WHEREOF, the parties hereto have caused this Consent to be executed and delivered by their respective authorized officers as of the day and year first above written

 

DRESSER, INC., as Borrower    
By:       /S/    JAMES A. NATTIER           [STAMP]
   

Name:

  James A. Nattier    
   

Title:

  Executive Vice President and
Chief Financial Officer
   

 


    THE GUARANTORS
   

DRESSER INTERNATIONAL, INC.

    By:       /S/    JAMES A. NATTIER        
       

Name:

  James A. Nattier
       

Title:

  Executive Vice President
   

DRESSER RE, INC.

    By:       /S/    JAMES A. NATTIER        
       

Name:

  James A. Nattier
       

Title:

  Executive Vice President
   

DRESSER RUSSIA, INC.

[STAMP]   By:       /S/    JAMES A. NATTIER        
       

Name:

  James A. Nattier
       

Title:

  Executive Vice President
   

LVF HOLDING CORPORATION

    By:       /S/    JAMES A. NATTIER        
       

Name:

  James A. Nattier
       

Title:

  Executive Vice President
   

DRESSER ENTECH, INC.

    By:       /S/    JAMES A. NATTIER        
       

Name:

  James A. Nattier
       

Title:

  Executive Vice President
   

RING-O VALVE, INCORPORATED

    By:       /S/    JAMES A. NATTIER        
       

Name:

  James A. Nattier
       

Title:

  Executive Vice President

 


DRESSER CHINA, INC.

   
By:       /S/    JAMES A. NATTIER           [STAMP]
   

Name:

  James A. Nattier    
   

Title:

  Executive Vice President    

 


MORGAN STANLEY SENIOR FUNDING, INC.,

as Administrative Agent

By:       /s/    EUGENE MARTIN        
   

Name:

  Eugene Martin
    Title:   Managing Director

 


MORGAN STANLEY & CO. INCORPORATED

as Collateral Agent

By:       /s/    EUGENE MARTIN        
   

Name:

  Eugene Martin
    Title:   Managing Director

 


LENDERS
LANDMARK CDO LIMITED
By:  

ALADDIN CAPITAL MANAGEMENT LLC,

AS MANAGER

    [Print Name of Financial Institution]
By:       /s/    JOSEPH MORONEY        
   

Name:

  JOSEPH MORONEY
    Title:   DIRECTOR

 


LENDERS

LANDMARK II CDO LIMITED

By:   ALADDIN CAPITAL MANAGEMENT LLC
as MANAGER
   

[Print Name of Financial Institution]

By: 

      /s/    JOSEPH MORONEY        
   

Name:

  JOSEPH MORONEY
   

Title:

  DIRECTOR

 


LENDERS

LANDMARK III CDO LIMITED

By:   ALADDIN CAPITAL MANAGEMENT LLC
as MANAGER
   

[Print Name of Financial Institution]

By: 

      /s/    JOSEPH MORONEY        
   

Name:

  JOSEPH MORONEY
   

Title:

  DIRECTOR

 


LENDERS

LANDMARK IV CDO LIMITED

By:   ALADDIN CAPITAL MANAGEMENT LLC
as MANAGER
   

[Print Name of Financial Institution]

By: 

      /s/    JOSEPH MORONEY        
   

Name:

  JOSEPH MORONEY
   

Title:

  DIRECTOR

 


LENDERS
American Express Certificate Company
By:   American Express Asset Management Group, Inc. as Collateral Manager
    [Print Name of Financial Institution]
By:       /s/    YVONNE E. STEVENS        
   

Name:

  Yvonne E. Stevens
   

Title:

  Senior Managing Director

 


LENDERS
Centurion CDO II, Ltd.
By:   American Express Asset Management Group, Inc. as Collateral Manager
    [Print Name of Financial Institution]
By:       /s/    VINCENT P. PHAM        
   

Name:

  Vincent P. Pham
   

Title:

  Director-Operations

 


LENDERS
Centurion CDO III, Ltd.
By:   American Express Asset Management Group, Inc. as Collateral Manager
    [Print Name of Financial Institution]
By:       /s/    VINCENT P. PHAM        
   

Name:

  Vincent P. Pham
   

Title:

  Director-Operations

 


LENDERS

Centurion CDO VI, Ltd.

By:

  American Express Asset Management Group, Inc. as Collateral Manager
    [Print Name of Financial Institution]
By:       /s/    VINCENT P. PHAM        
   

Name:

  Vincent P. Pham
   

Title:

  Director-Operations

 


LENDERS

Centurion CDO VII, Ltd.

By:

  American Express Asset Management Group, Inc. as Collateral Manager
    [Print Name of Financial Institution]
By:       /s/    VINCENT P. PHAM        
   

Name:

  Vincent P. Pham
   

Title:

  Director-Operations

 


LENDERS

IDS Life Insurance Company

By:

  American Express Asset Management Group, Inc. as Collateral Manager
    [Print Name of Financial Institution]
By:       /s/    YVONNE E. STEVENS        
   

Name:

  Yvonne E. Stevens
   

Title:

  Senior Managing Director

 


LENDERS
Sequils-Centurion V, Ltd.
By:   American Express Asset Management Group, Inc. as Collateral Manager
    [Print Name of Financial Institution]
By:       /s/    VINCENT P. PHAM        
   

Name:

  Vincent P. Pham
   

Title:

  Director-Operations

 


LENDERS
AMMC CDO I, LIMITED
By:  

American Money Management Corp.,

as Collateral Manager

By:       /s/    CHESTER M. ENG        
   

Name:

  Chester M. Eng
   

Title:

  Senior Vice President

 


LENDERS
AMMC CDO II, LIMITED
By:  

American Money Management Corp.,

as Collateral Manager

By:       /s/    CHESTER M. ENG        
   

Name:

  Chester M. Eng
   

Title:

  Senior Vice President

 


LENDERS
ARES III CLO Ltd.
By:  

ARES CLO Management LLC,

Investment Manager

By:       /s/    SETH J. BRUFSKY        
   

Name:

  SETH J. BRUFSKY
   

Title:

  VICE PRESIDENT

 


LENDERS
Ares IV CLO Ltd.
By:  

Ares CLO Management IV, L.P.,

Investment Manager

By:  

Ares CLO GP IV, LLC,

Its Managing Member

By:       /s/    SETH J. BRUFSKY        
   

Name:

  SETH J. BRUFSKY
   

Title:

  VICE PRESIDENT

 


LENDERS
Ares VI CLO Ltd.
By:  

Ares CLO Management VI, L.P.,

Investment Manager

By:  

Ares CLO GP VI, LLC,

Its Managing Member

By:        /s/    SETH J. BRUFSKY        
   

Name:

  SETH J. BRUFSKY
   

Title:

  VICE PRESIDENT

 


LENDERS

Ares VII CLO Ltd.

By:  

Ares CLO Management VII, L.P.,

Investment Manager

By:  

Ares CLO GP VII, LLC,

Its General Partner

By:       /s/    SETH J. BRUFSKY        
   

Name:

  SETH J. BRUFSKY
   

Title:

  VICE PRESIDENT

 


LENDERS

Ares VIII CLO Ltd.

By:  

Ares CLO Management VIII, L.P.,

Investment Manager

By:  

Ares CLO GP VIII, LLC,

Its General Partner

By:       /s/    SETH J. BRUFSKY        
   

Name:

  SETH J. BRUFSKY
   

Title:

  VICE PRESIDENT

 


LENDERS
ARES ENHANCED LOAN INVESTMENT STRATEGY, LTD.
By:  

Ares Enhanced Loan Management, L.P.,

Investment Manager

By:  

Ares Enhanced Loan GP, LLC

Its General Partner

By:       /s/    SETH J. BRUFSKY        
   

Name:

  SETH J. BRUFSKY
   

Title:

  VICE PRESIDENT

 


LENDERS
 
Black Diamond CLO 2000-1, Ltd.
By:       /s/    ALAN CORKISH        
   

Name:

  Alan Corkish
   

Title:

  Director

 


LENDERS
BLACK DIAMOND CLO 2005 - 1, LTD.
[Print Name of Financial Institution]
By:       /s/    WENDY EBANKS        
   

Name:

  Wendy Ebanks
   

Title:

  Director

 


LENDERS
 
Black Diamond International Funding, Ltd.
By:       /s/    ALAN CORKISH        
   

Name:

  Alan Corkish
   

Title:

  Director

 


LENDERS
CANADIAN IMPERIAL BANK OF COMMERCE
[Print Name of Financial Institution]
By:       /s/    JOHN ROZARIO        
   

Name:

  John Rozario
   

Title:

  AUTHORIZED SIGNATORY
By:       /s/    CHARLES HENRY        
   

Name:

  Charles Henry
   

Title:

  AUTHORIZED SIGNATORY

 


LENDERS
Columbus Loan Funding Ltd.
By:   Travelers Asset Management International Company LLC
By:       /s/    JOHN O’ CONNELL        
   

Name:

  John O’ Connell
   

Title:

  Vice President

 


LENDERS

Citigroup Investments Corporate Loan Fund Inc.

By:   Travelers Asset Management International Company LLC
By:       /s/    JOHN O’ CONNELL        
   

Name:

  John O’ Connell
   

Title:

  Vice President

 


LENDERS
THE TRAVELERS INSURANCE COMPANY
[Print Name of Financial Institution]
By:       /s/    ALLEN CANTRELL        
   

Name:

  ALLEN CANTRELL
   

Title:

  INVESTMENT OFFICER

 


LENDERS
TRS CALLISTO LLC
[Print Name of Financial Institution]
By:       /s/    JOSEPH CUSMAN        
   

Name:

  Joseph Cusman
   

Title:

  Vice President

 


LENDERS
COSTANTINUS EATON VANCE CDO V, LTD.
BY:  

EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

    [Print Name of Financial Institution]
By:       /s/    MICHAEL B. BOTTHOF        
   

Name:

  Michael B. Botthof
   

Title:

  Vice President

 


LENDERS
EATON VANCE CDO III, LTD.
BY:  

EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

    [Print Name of Financial Institution]

By:

      /S/    MICHAEL B. BOTTHOF        
   

Name:

  Michael B. Botthof
   

Title:

  Vice President

 


LENDERS
EATON VANCE CDO VI, LTD.
BY:  

EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

    [Print Name of Financial Institution]

By:

      /S/    MICHAEL B. BOTTHOF        
   

Name:

  Michael B. Botthof
   

Title:

  Vice President

 


LENDERS

EATON VANCE FLOATING-RATE INCOME TRUST

BY:  

EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

    [Print Name of Financial Institution]

By:

      /S/    MICHAEL B. BOTTHOF        
   

Name:

  Michael B. Botthof
   

Title:

  Vice President

 


LENDERS

EATON VANCE INSTITUTIONAL SENIOR LOAN FUND

BY:  

EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

    [Print Name of Financial Institution]

By:

      /S/    MICHAEL B. BOTTHOF        
   

Name:

  Michael B. Botthof
   

Title:

  Vice President

 


LENDERS

EATON VANCE

LIMITED DURATION INCOME FUND

BY:  

EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

    [Print Name of Financial Institution]

By:

      /S/    MICHAEL B. BOTTHOF        
   

Name:

  Michael B. Botthof
   

Title:

  Vice President

 


LENDERS

EATON VANCE SENIOR

FLOATING-RATE TRUST

BY:  

EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

    [Print Name of Financial Institution]

By:

      /S/    MICHAEL B. BOTTHOF        
   

Name:

  Michael B. Botthof
   

Title:

  Vice President

 


LENDERS

EATON VANCE SENIOR INCOME TRUST

BY:  

EATON VANCE MANAGEMENT

AS INVESTMENT ADVISOR

    [Print Name of Financial Institution]
By:       /s/    MICHAEL B. BOTTHOF        
   

Name:

  Michael B. Botthof
   

Title:

  Vice President

 


LENDERS

EATON VANCE

VT FLOATING-RATE INCOME FUND

BY:   EATON VANCE MANAGEMENT
    AS INVESTMENT ADVISOR
    [Print Name of Financial Institution]
By:       /s/    MICHAEL B. BOTTHOF        
   

Name:

  Michael B. Botthof
   

Title:

  Vice President

 


LENDERS

GRAYSON & CO

BY:  

BOSTON MANAGEMENT AND RESEARCH

AS INVESTMENT ADVISOR

    [Print Name of Financial Institution]
By:       /s/    MICHAEL B. BOTTHOF        
   

Name:

  Michael B. Botthof
   

Title:

  Vice President

 


LENDERS

THE NORINCHUKIN BANK, NEW YORK BRANCH,

through State Street Bank and Trust Company N.A. as Fiduciary Custodian

By:   Eaton Vance Management, Attorney-in-fact
    [Print Name of Financial Institution]
By:       /s/    MICHAEL B. BOTTHOF        
   

Name:

  Michael B. Botthof
   

Title:

  Vice President

 


LENDERS

SENIOR DEBT PORTFOLIO

By:  

Boston Management and Research

as Investment Advisor

    [Print Name of Financial Institution]
By:       /s/    MICHAEL B. BOTTHOF        
   

Name:

  Michael B. Botthof
   

Title:

  Vice President

 


LENDERS

TOLLI & CO.

By:   EATON VANCE MANAGEMENT
AS INVESTMENT ADVISOR
    [Print Name of Financial Institution]

By: 

      /s/    MICHAEL B. BOTTHOF        
   

Name:

  Michael B. Botthof
   

Title:

  Vice President

 


LENDERS

Arum CLO 2002-1 Ltd.,

By:   Columbia Management Advisors, Inc.
As Investment Manager

By: 

      /s/    MARK S. PELLETIER        
   

Name:

  Mark S. Pelletier
   

Title:

  Director

 


LENDERS

Flagship Capital CLO 2001-1

By:   Flagship Capital Management, Inc.

By: 

      /s/    MARK S. PELLETIER        
   

Name:

  Mark S. Pelletier
   

Title:

  Director

 


LENDERS

Flagship Capital CLO III

By:   Flagship Capital Management, Inc.

By: 

      /s/    MARK S. PELLETIER        
   

Name:

  Mark S. Pelletier
   

Title:

  Director

 


LENDERS

Stein Roe & Farnham CLO I LTD.,

By:   Columbia Management Advisors, Inc.
as Portfolio Manager

By: 

      /s/    MARK S. PELLETIER        
   

Name:

  Mark S. Pelletier
   

Title:

  Director

 


LENDERS
/s/ Illegible

FORTIS CAPITAL CORP.

By:        
   

Name:

  HENK RAISON
   

Title:

  V.P.

FORTIS CAPITAL CORP.

By:       /s/    C. ROBERTS        
   

Name:

  C. ROBERTS
   

Title:

  M.D.

 


LENDERS
Franklin CLO I, Limited
[Print Name of Financial Institution]
By:       /s/    DAVID ARDINI        
   

Name:

  DAVID ARDINI
   

Title:

  VICE PRESIDENT

 


LENDERS
Franklin CLO II, Limited
[Print Name of Financial Institution]
By:       /s/    DAVID ARDINI        
   

Name:

  DAVID ARDINI
   

Title:

  VICE PRESIDENT

 


LENDERS
Franklin CLO III, Limited
[Print Name of Financial Institution]
By:       /s/    DAVID ARDINI        
   

Name:

  DAVID ARDINI
   

Title:

  VICE PRESIDENT

 


LENDERS
Franklin CLO IV, Limited
[Print Name of Financial Institution]
By:       /s/    DAVID ARDINI        
   

Name:

  DAVID ARDINI
   

Title:

  VICE PRESIDENT

 


LENDERS

FRANKLIN FLOATING RATE DAILY ACCESS FUND

[Print Name of Financial Institution]

By:

      /s/    RICHARD HSU        
   

Name:

  Richard Hsu
   

Title:

  Vice President

 


LENDERS

Franklin Floating Rate Master Series

[Print Name of Financial Institution]

By:

      /s/    RICHARD HSU        
   

Name:

  Richard Hsu
   

Title:

  Vice President

 


LENDERS

Franklin Floating Rate Trust

[Print Name of Financial Institution]

By:

      /s/    RICHARD HSU        
   

Name:

  Richard Hsu
   

Title:

  Vice President

 


LENDERS
ARCHIMEDES FUNDING III, LTD.

BY:

 

ING Captial Advisors LLC,

as Collateral Manager

BY:

      /s/    GORDON R. COOK        
   

Name:

  GORDON R. COOK
   

Title:

  MANAGING DIRECTOR

 


LENDERS
KZH CRESCENT-3 LLC

By:

      /s/    HI HUA        
   

Name:

  HI HUA
   

Title:

  AUTHORIZED AGENT

 


LENDERS
KZH PONDVIEW LLC
By:        /s/    HI HUA        
   

Name:

  HI HUA
   

Title:

  AUTHORIZED AGENT

 


LENDERS
KZH SOLEIL LLC
By:        /s/    HI HUA        
   

Name:

  HI HUA
   

Title:

  AUTHORIZED AGENT

 


LENDERS
KZH SOLEIL-2 LLC
By:        /s/    HI HUA        
   

Name:

  HI HUA
   

Title:

  AUTHORIZED AGENT

 


LENDERS
Floating Rate Income Strategies Fund, Inc.
By:    /s/    OMAR JAMA        
    Omar Jama
    Authorized Signatory
SENIOR HIGH INCOME PORTFOLIO, INC.
By:    /s/    OMAR JAMA        
    Omar Jama
    Authorized Signatory
DEBT STRATEGIES FUND, INC.
By:    /s/    OMAR JAMA        
    Omar Jama
    Authorized Signatory

MERRILL LYNCH GLOBAL INVESTMENT SERIES:

INCOME STRATEGIES PORTFOLIO

By:  

Merrill Lynch Investment Managers, L.P.

as Investment Advisor

By:    /s/    OMAR JAMA        
    Omar Jama
    Authorized Signatory

 


LENDERS
Metropolitan Life Insurance Company
[Print Name of Financial Institution]
By:        /s/    JAMES R. DINGLER        
   

Name:

  James R. Dingler
   

Title:

  Director

 


LENDERS
Venture III CDO Limited

By

 

its investment advisor, MJX Asset Management LLC

By:       /s/    KENNETH OSTMANN        
   

Name:

  Kenneth Ostmann
   

Title:

  Director

 


LENDERS
NYLIM Flatiron CLO 2003-1 Ltd.

By:

 

New York Life Investment Management LLC,

as Collateral Manager and Attorney-in-Fact

By:       /s/    ROBERT H. DIAL        
   

Name:

  Robert H. Dial
   

Title:

  Managing Director

 

NYLIM Flatiron CLO 2004-1 Ltd.

By:

 

New York Life Investment Management LLC,

as Collateral Manager and Attorney-in-Fact

By:       /s/    ROBERT H. DIAL        
   

Name:

  Robert H. Dial
   

Title:

  Managing Director

 

NYLIM High Yield CDO 2001 Ltd.

By:

 

New York Life Investment Management LLC,

as Investment Manager and Attorney-in-Fact

By:       /s/    ROBERT H. DIAL        
   

Name:

  Robert H. Dial
   

Title:

  Managing Director

 

New York Life Insurance and Annuity Corporation

By:

 

New York Life Investment Management LLC,

its Investment Manager

By:       /s/    ROBERT H. DIAL        
   

Name:

  Robert H. Dial
   

Title:

  Managing Director

 

New York Life Insurance Company
By:       /s/    ROBERT H. DIAL        
   

Name:

  Robert H. Dial
   

Title:

  Investment Vice President

 


LENDERS
The OneGroup High Yield Bond Fund

[Print Name of Financial Institution]

By:       /s/    WILLIAM J. MORGAN        
   

Name:

  William J. Morgan
   

Title:

   

 


LENDERS
Addison CDO, Limited
By:   Pacific Investment Management Company LLC, as its Investment Advisor

By:

  /s/    MOHAN V. PHANSALKAR        
   

Mohan V. Phansalkar

Managing Director

 


LENDERS
Bedford CDO, Limited
By:   Pacific Investment Management Company LLC, as its Investment Advisor

By:

  /s/    MOHAN V. PHANSALKAR        
   

Mohan V. Phansalkar

Managing Director

 


LENDERS

CAPTIVA IV Finance Ltd.

as advised by Pacific Investment

Management Company LLC

By:   /s/    DAVID DYER        
    David Dyer
    Director

 


LENDERS

CAPTIVA IV Finance Ltd.

as advised by Pacific Investment

Management Company LLC

By:   /s/    DAVID DYER        
    David Dyer
    Director

 


LENDERS
DELANO Company

By:

  Pacific Investment Management Company LLC, as its Investment Advisor
By:   /s/    MOHAN V. PHANSALKAR        
    Mohan V. Phansalkar
    Managing Director

 


LENDERS
EQ Advisors Trust EQ/High Yield Portfolio

By:

  Pacific Investment Management Company LLC, as its Investment Advisor
By:   /s/    MOHAN V. PHANSALKAR        
    Mohan V. Phansalkar
    Managing Director

 


LENDERS
Jissekikun Funding, Ltd.

By:

  Pacific Investment Management Company LLC, as its Investment Advisor
By:   /s/    MOHAN V. PHANSALKAR        
    Mohan V. Phansalkar
    Managing Director

 


LENDERS
Loan Funding III LLC
By:   Pacific Investment Management Company LLC, as its Investment Advisor

By:

      /s/    MOHAN V. PHANSALKAR        
        Mohan V. Phansalkar
        Managing Director

 


LENDERS
PIMCO Floating Rate Income Fund
By:   Pacific Investment Management Company LLC, as its Investment Advisor, acting through Investors Fiduciary Trust Company in the Nominee Name of IFTCO

By:

      /s/    MOHAN V. PHANSALKAR        
        Mohan V. Phansalkar
        Managing Director

 


LENDERS
ROYALTON COMPANY
By:   Pacific Investment Management Company LLC, as its Investment Advisor

By:

      /s/    MOHAN V. PHANSALKAR        
        Mohan V. Phansalkar
        Managing Director

 


LENDERS
SEQUILS-MAGNUM, LTD.
By:   Pacific Investment Management Company LLC, as its Investment Advisor

By:

      /s/    MOHAN V. PHANSALKAR        
        Mohan V. Phansalkar
        Managing Director

 


LENDERS
Southport CLO, Limited
By:   Pacific Investment Management Company LLC, as its Investment Advisor

By:

      /s/    MOHAN V. PHANSALKAR        
        Mohan V. Phansalkar
        Managing Director

 


LENDERS
Waveland – INGOTS, LTD.
By:  

Pacific Investment Management Company LLC,

as its Investment Advisor

By:   /s/    MOHAN V. PHANSALKAR        
    Mohan V. Phansalkar
    Managing Director

 


LENDERS
Wrigley CDO, Ltd.
By:  

Pacific Investment Management Company LLC,

as its Investment Advisor

By:       /s/    MOHAN V. PHANSALKAR        
    Mohan V. Phansalkar
    Managing Director

 


            LENDERS
                     
            [Print Name of Financial Institution]
                By:        
                   

Name:

   
                   

Title:

   
OAK HILL SECURITIES FUND, L.P.       OAK HILL SECURITIES FUND II, L.P.

By:

 

Oak Hill Securities GenPar, L.P.

its General Partner

     

By:

 

Oak Hill Securities GenPar II, L.P.

its General Partner

By:

 

Oak Hill Securities MGP, Inc.,

its General Partner

     

By:

 

Oak Hill Securities MGP II, Inc.,

its General Partner

By:       /s/    SCOTT D. KRASE               By:       /s/    SCOTT D. KRASE        
   

Name:

  Scott D. Krase          

Name:

  Scott D. Krase
   

Title:

  Vice President          

Title:

  Vice President
OAK HILL CREDIT PARTNERS I, LIMITED       OAK HILL CREDIT PARTNERS II, LIMITED

By:

 

Oak Hill CLO Management I, LLC

As Investment Manager

     

By:

 

Oak Hill CLO Management II, LLC

As Investment Manager

By:       /s/    SCOTT D. KRASE               By:       /s/    SCOTT D. KRASE        
   

Name:

  Scott D. Krase          

Name:

  Scott D. Krase
   

Title:

  Authorized Person          

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                

 


LENDERS
BOSTON HARBOR CLO 2004-1, LTD.
By:       /s/    BETH MAZOR        
   

Name:

  Beth Mazor
   

Title:

  V. P.

 


LENDERS
PUTNAM DIVERSIFIED INCOME TRUST
By:       /s/    BETH MAZOR        
   

Name:

  Beth Mazor
   

Title:

  V.P.

 


LENDERS
PUTNAM FLOATING RATE INCOME FUND
By:       /s/    BETH MAZOR        
   

Name:

  Beth Mazor
   

Title:

  V.P.

 


LENDERS
PUTNAM HIGH YIELD ADVANTAGE FUND
By:       /s/    BETH MAZOR        
   

Name:

  Beth Mazor
   

Title:

  V.P.

 


LENDERS
PUTNAM HIGH YIELD TRUST
By:       /S/    BETH MAZOR        
   

Name:

  Beth Mazor
   

Title:

  V.P.

 


LENDERS
PUTNAM MASTER INCOME TRUST
By:       /S/    BETH MAZOR        
   

Name:

  Beth Mazor
   

Title:

  V.P.

 


LENDERS

PUTNAM MASTER INTERMEDIATE INCOME TRUST

By:       /s/    BETH MAZOR        
   

Name:

  Beth Mazor
   

Title:

  V.P.

 


LENDERS

PUTNAM PREMIER INCOME TRUST

By:       /S/    BETH MAZOR        
   

Name:

  Beth Mazor
   

Title:

  V.P.

 


LENDERS

PUTNAM VARIABLE TRUST – PVT DIVERSIFIED INCOME FUND

By:       /S/    BETH MAZOR        
   

Name:

  Beth Mazor
   

Title:

  V.P.

 


LENDERS

PUTNAM VARIABLE TRUST – PVT HIGH YIELD FUND

By:       /S/    BETH MAZOR        
   

Name:

  Beth Mazor
   

Title:

  V.P.

 


LENDERS

Stanfield Arbitrage CDO, Ltd.

By:   Stanfield Capital Partners LLC
as its Collateral Manager
    [Print Name of Financial Institution]

By: 

      /s/    CHRISTOPHER E. JANSEN        
   

Name:

  Christopher E. Jansen
   

Title:

  Managing Partner

 


LENDERS

Stanfield Carrera CLO, Ltd.

By:   Stanfield Capital Partners LLC
as its Asset Manager
    [Print Name of Financial Institution]

By: 

      /s/    CHRISTOPHER E. JANSEN        
   

Name:

  Christopher E. Jansen
   

Title:

  Managing Partner

 


LENDERS

Stanfield Quattro CLO, Ltd.

By:   Stanfield Capital Partners LLC
As its Collateral Manager
    [Print Name of Financial Institution]

By: 

      /s/    CHRISTOPHER E. JANSEN        
   

Name:

  Christopher E. Jansen
   

Title:

  Managing Partner

 


LENDERS

Trust Company of the West

[Print Name of Financial Institution]
CELERITY CLO LIMITED

By:

  TCW Advisors, Inc., As agent

By: 

      /s/    MATTHEW A. MILLER        
   

Name:

  MATTHEW A. MILLER
   

Title:

  SENIOR VICE PRESIDENT

By: 

      /s/    JONATHAN R. INSULL        
   

Name:

  JONATHAN R. INSULL
   

Title:

  MANAGING DIRECTOR

 


LENDERS

Trust Company of the West

[Print Name of Financial Institution]
C-SQUARED CDO LTD.
By:  

TCW Advisors, Inc., as its

Portfolio Manager

By: 

      /s/    JONATHAN R. INSULL        
   

Name:

  JONATHAN R. INSULL
   

Title:

  MANAGING DIRECTOR

 


LENDERS

Trust Company of the West

[Print Name of Financial Institution]

FIRST 2004-I CLO, LTD.

By:  

TCW Advisors, Inc.,

its Collateral Manager

By:       /s/    MATTHEW A. MILLER        
   

Name:

  MATTHEW A. MILLER
   

Title:

  SENIOR VICE PRESIDENT
By:       /s/    JONATHAN R. INSULL        
   

Name:

  JONATHAN R. INSULL
   

Title:

  MANAGING DIRECTOR

 


LENDERS
   

Trust Company of the West

    [Print Name of Financial Institution]

FIRST 2004-II CLO, LTD.

By:  

TCW Advisors, Inc.,

its Collateral Manager

By:       /s/    MATTHEW A. MILLER        
   

Name:

  MATTHEW A. MILLER
   

Title:

  SENIOR VICE PRESIDENT
By:       /s/    JONATHAN R. INSULL        
   

Name:

  JONATHAN R. INSULL
   

Title:

  MANAGING DIRECTOR

 


LENDERS

Trust Company of the West

[Print Name of Financial Institution]

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/    MATTHEW A. MILLER        
   

Name:

  MATTHEW A. MILLER
   

Title:

  SENIOR VICE PRESIDENT
By:       /s/    JONATHAN R. INSULL        
   

Name:

  JONATHAN R. INSULL
   

Title:

  MANAGING DIRECTOR

 


LENDERS

Trust Company of the West

[Print Name of Financial Institution]

TCW SELECT LOAN FUND, LIMITED

By:   TCW Advisors, Inc., as its
Collateral Manager
By:       /s/    MATTHEW A. MILLER        
   

Name:

  MATTHEW A. MILLER
   

Title:

  SENIOR VICE PRESIDENT
By:       /s/    JONATHAN R. INSULL        
   

Name:

  JONATHAN R. INSULL
   

Title:

  MANAGING DIRECTOR

 


LENDERS

Trust Company of the West

[Print Name of Financial Institution]

VELOCITY CLO, LTD.

By:  

TCW Advisors, Inc.,

its Collateral Manager

By:       /s/    MATTHEW A. MILLER        
   

Name:

  MATTHEW A. MILLER
   

Title:

  SENIOR VICE PRESIDENT
By:       /s/    JONATHAN R. INSULL        
   

Name:

  JONATHAN R. INSULL
   

Title:

  SENIOR VICE PRESIDENT

 


LENDERS

APEX (Trimaran) CDO I, LTD.

By   Trimaran Advisors, L.L.C.
By:       /s/    DAVID M. MILLISON        
   

Name:

  David M. Millison
   

Title:

  Managing Director