Exhibit 10.54 Sixth Amendment & Consent

EX-10.54 3 l99696aexv10w54.htm EXHIBIT 10.54 SIXTH AMENDMENT & CONSENT Exhibit 10.54 Sixth Amendment & Consent
 

Exhibit 10.54

          SIXTH AMENDMENT AND CONSENT dated as of December 26, 2002 (this “Amendment”), to the Credit Agreement dated as of May 28, 1999, as amended by the First Amendment dated as of October 8, 1999, the Second Amendment, Consent and Waiver dated as of March 9, 2000, the Third Amendment, Consent and Waiver dated as of January 24, 2001, the Fourth Amendment dated as of April 19, 2002 and the Fifth Amendment dated as of October 11, 2002 (the “Credit Agreement”), among GENERAL CABLE CORPORATION (the “Company”), GK TECHNOLOGIES, INCORPORATED, GENERAL CABLE HOLDINGS (UK) LIMITED, GENERAL CABLE HOLDINGS (SPAIN) SRL, GENERAL CABLE HOLDINGS, INC., GENERAL CABLE HOLDINGS DE MEXICO, S.A. DE C.V., GENERAL CABLE COMPANY, the other BORROWING SUBSIDIARIES from time to time party thereto (the “Borrowers”), the LENDERS from time to time party thereto, JPMORGAN CHASE BANK, as administrative agent (in such capacity, the “Administrative Agent”) and as collateral agent for the Lenders (in such capacity, the “Collateral Agent”), J.P. MORGAN EUROPE LIMITED, as London Agent, and BANK ONE, N.A. (f/k/a Bank One, Michigan), MERRILL LYNCH CAPITAL CORPORATION and PNC BANK, NATIONAL ASSOCIATION, as Co-Documentation Agents.

     WHEREAS, pursuant to the Credit Agreement, the Lenders and the Issuing Bank have agreed to extend credit to the Borrowers on the terms and subject to the conditions set forth therein.

     WHEREAS, the Company has informed the Administrative Agent that it intends to enter into or cause Subsidiaries to enter into one or more sale and lease-back transactions with respect to machinery and equipment and real property owned by the Company or such Subsidiaries on the date hereof (the “Proposed Transactions”) and to apply the Net Proceeds from the Proposed Transactions to prepay Term Borrowings in accordance with Section 2.11(c) of the Credit Agreement.

     WHEREAS, the Company has requested that the Required Lenders amend certain provisions of the Credit Agreement to permit the Proposed Transactions and authorize and direct the Collateral Agent to (i) release from the lien of the Security Documents the assets proposed to be transferred in connection with the Proposed Transactions and (ii) subordinate the lien of the Security Documents in relation to any lien granted on cash or cash equivalents or on machinery and equipment (or a combination thereof) as credit support in connection with the Proposed Transactions, all as set forth in this Amendment, and the Lenders whose signatures appear below, constituting the Required Lenders, are willing to amend the Credit Agreement on the terms and subject to the conditions set forth herein.


 

2

     NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto hereby agree as follows:

     SECTION 1. Defined Terms. Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. The following new defined terms are added to Section 1.01 of the Credit Agreement in its proper alphabetical position:

          ““Initial Sale and Lease-back Transaction” means the sale and lease-back transaction with a sale price not exceeding $25,000,000 being negotiated by the Company as of the Sixth Amendment Effective Date and permitted by Section 6.03.”
 
          ““Sixth Amendment” means the Sixth Amendment to the Credit Agreement dated as of December 20, 2002 among the Company, the Subsidiary Guarantors party thereto and the Required Lenders.”
 
          ““Sixth Amendment Effective Date” means the date on which the Sixth Amendment becomes effective pursuant to its terms.”
 
          ““Steering Committee” means the steering committee of the Lenders designated in October 2002, as the same may be constituted from time to time.”
 
          ““Subsequent Sale and Lease-back Transactions” means sale and lease-back transactions (other than the Initial Sale and Lease-back Transaction) permitted by Section 6.03 and consummated on and after the Sixth Amendment Effective Date.”

     SECTION 2. Amendment of Section 1.01 of the Credit Agreement. Section 1.01 of the Credit Agreement is hereby amended by inserting the following sentence at the end of the definition of “Capital Expenditures”:

  “Notwithstanding the foregoing, obligations incurred by the Company and its consolidated Subsidiaries in connection with any sale and lease-back transaction involving assets already owned by the Company or such Subsidiaries prior to such transaction (and not acquired in contemplation thereof) shall not be deemed “Capital Lease Obligations” for purposes of this definition.”

     SECTION 3. Amendment of Article VI of the Credit Agreement. (a) Amendment of Section 6.01(h). Section 6.01(h) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:


 

3

          “(h) Indebtedness consisting of Capital Lease Obligations deemed to exist in connection with sale and lease-back transactions permitted under Section 6.03, and other unsecured Indebtedness (other than Indebtedness permitted by paragraph (f) above) in an aggregate principal amount not exceeding $5,000,000 at any time outstanding for all Subsidiaries that, taken together with the aggregate sale price of all arrangements permitted by Section 6.03, does not exceed $75,000,000 at any time outstanding;”

     (b)  Amendment of Section 6.02(h). Section 6.02(h) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

          “(h) Liens deemed to exist in connection with sale and lease-back transactions permitted under Section 6.03 on the assets subject to such transactions, and Liens on machinery and equipment of the Company and the Subsidiaries or on cash or cash equivalents (or a combination of machinery and equipment and cash or cash equivalents) with an aggregate fair market value not exceeding $15,000,000 at any time securing obligations in connection with sale and lease-back transactions permitted under Section 6.03, or securing reimbursement obligations in connection with Letters of Credit issued to secure such obligations; provided, however, that in connection with any sale and lease-back transaction (i) the fair market value of any machinery and equipment used for credit support shall be determined based on the orderly liquidation value of such machinery and equipment and such determination shall be reasonably satisfactory to the Administrative Agent after consultation with the Steering Committee; (ii) any cash or cash equivalents used for credit support in connection with the Initial Sale and Lease-back Transaction shall not exceed forty percent in the aggregate at any time of the total value of the collateral used for credit support; and (iii) any combination of cash or cash equivalents, the fair market value of any machinery and equipment and any Letters of Credit provided as credit support shall not exceed twenty percent in the aggregate at any time of the total value of any sale and lease-back transaction and such combination shall be reasonably satisfactory to the Administrative Agent after consultation with the Steering Committee;”

     (c)  Amendment of Section 6.03. Section 6.03 of the Credit Agreement is hereby amended by deleting the figure “$25,000,000” and substituting in lieu thereof the figure “$75,000,000”. The Company agrees that the Net Proceeds of all sale and lease-back transactions permitted under Section 6.03 will be applied to prepay Term Loans pursuant to Section 2.11(c), without giving effect to the proviso therein.


 

4

     SECTION 4. Consent and Certain Agreements. (a) The undersigned Lenders hereby authorize and direct the Collateral Agent to execute and deliver any and all documents that it may deem necessary or desirable in accordance with the terms of this Amendment to effect (i) the release from the lien of the Security Documents of any assets transferred in the Proposed Transactions and (ii) the subordination of the lien of the Security Documents in relation to any lien granted on cash or cash equivalents or on machinery and equipment provided as credit support in connection with the Proposed Transactions.

     (b)  The undersigned Lenders hereby consent to the issuance of Letters of Credit as credit support in connection with the Proposed Transactions; provided, that the Company’s reimbursement obligations in connection with any Letters of Credit issued for such purpose in connection with any Subsequent Sale and Lease-back Transaction will at all times be collateralized with cash or cash equivalents in an amount not less than the aggregate undrawn amount of such Letters of Credit under arrangements satisfactory to the Administrative Agent.

     (c)  The undersigned Lenders hereby consent to the Company’s guarantee of the obligations of Subsidiaries in connection with the Proposed Transactions and agree that any such guarantee will be deemed to be permitted under Section 6.05 of the Credit Agreement.

     (d)  The undersigned Lenders and the Company agree that (i) notwithstanding anything in the Credit Agreement, the Net Proceeds of the Initial Sale and Lease-back Transaction shall not be reduced by any cash or cash equivalents securing obligations in connection with such sale and lease-back transaction, or securing reimbursement obligations in connection with Letters of Credit issued to secure such obligations, in each case as contemplated by Section 6.02(h) (collectively, “Pledged Cash”), and (ii) the Net Proceeds of each Subsequent Sale and Lease-back Transaction will be net of any Pledged Cash; provided, that if the obligations secured by any Pledged Cash shall be discharged or terminated and as a result such Pledged Cash shall be released, then such Pledged Cash shall be deemed to be Net Proceeds and shall be promptly applied to prepay Term Loans under Section 2.11(c).

     SECTION 5. Representations and Warranties. To induce the other parties hereto to enter into this Amendment, the Company and each Borrowing Subsidiary represents and warrants to each of the Lenders, the Administrative Agent and the Collateral Agent that, as of the Amendment Effective Date (defined below):

     (a)  After giving effect to this Amendment, the representations and warranties set forth in Article III of the Credit Agreement are true and correct in all material respects on and as of the Amendment Effective Date with the same effect as though made on and as of the Amendment Effective Date, except to the extent such representations and warranties expressly relate to an earlier date.

     (b)  After giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.


 

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     (c)  The execution, delivery and performance by each of the Borrowers of this Amendment have been duly authorized by all necessary corporate and other action and do not and will not require any registration with, consent or approval of, notice to or action by, any person (including any Governmental Authority) in order to be effective and enforceable. The Credit Agreement as amended by this Amendment constitutes the legal, valid and binding obligation of each of the Borrowers, enforceable against each of them in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

     SECTION 6. Conditions to Effectiveness. This Amendment shall become effective only upon the satisfaction of the following conditions (the date on which all such conditions shall have been satisfied being called the “Amendment Effective Date”):

     (a)  The Administrative Agent shall have received counterparts of this Amendment that, when taken together, bear the signatures of the Company, each Subsidiary Guarantor listed below and the Required Lenders.

     (b)  To the extent invoiced, the Administrative Agent shall have been reimbursed for all its reasonable out of pocket expenses, including the reasonable fees, charges and disbursements of its counsel, related to this Amendment or to the Credit Agreement.

     (c)  Each Lender executing this Amendment prior to 12:00 noon on Thursday, December 26, 2002 shall have received an amendment fee in an amount equal to 0.10% of such Lender’s outstanding Term and Revolving Loans and unused Commitments under the Credit Agreement.

     SECTION 7. Effect of Amendment. Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute an Amendment of or otherwise affect the rights and remedies of the Lenders, the Administrative Agent, the Collateral Agent or the Loan Parties under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle the Borrowers to a consent to, or an amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. This Amendment shall apply and be effective only with respect to the provisions of the Credit Agreement specifically referred to herein. This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.

     SECTION 8. Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of


 

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which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of any executed counterpart of a signature page of this Amendment by facsimile transmission shall be as effective as delivery of a manually executed counterpart hereof.

     SECTION 9. Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     SECTION 10. Expenses. The Company agrees to pay the reasonable out of pocket expenses incurred by the Administrative Agent in connection with the preparation of this Amendment, including the reasonable fees, disbursements and other charges of its counsel.

     SECTION 11. Headings. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.


 

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their duly authorized officers, all as of the date and year first above written.

     
GENERAL CABLE CORPORATION,
 
by   /s/ Robert J. Siverd
Name: Robert J. Siverd
Title: Executive Vice President
 
GK TECHNOLOGIES, INCORPORATED,
 
by   /s/ Robert J. Siverd
Name: Robert J. Siverd
Title: Executive Vice President
 
GENERAL CABLE HOLDINGS, INC.,
 
by   /s/ Robert J. Siverd
Name: Robert J. Siverd
Title: Executive Vice President
 
GENERAL CABLE HOLDINGS (UK) LIMITED,
 
by   /s/ Robert J. Siverd
Name: Robert J. Siverd
Title: Director


 

8

     
 
GENERAL CABLE HOLDINGS (SPAIN), SRL,
 
by   /s/ Christopher F. Virgulak
Name: Christopher F. Virgulak
Title: Joint Director
 
by   /s/ Robert J. Siverd
Name: Robert J. Siverd
Title: Joint Director
 
GENERAL CABLE HOLDINGS DE MEXICO, S.A.
DE C.V.,
 
by   /s/ Robert J. Siverd
Name: Robert J. Siverd
Title: Director and Secretary
 
GENERAL CABLE COMPANY,
 
by   /s/ Robert J. Siverd
Name: Robert J. Siverd
Title: Executive Vice President
 
JPMORGAN CHASE BANK, individually, as
Administrative Agent and as Collateral
Agent,
 
by   /s/ Marina Flindell
Name: Marina Flindell
Title: Vice President


 

9

     
 
J.P. MORGAN EUROPE LIMITED, as London
Agent,
 
by   /s/ N. Hall
Name: N. Hall
Title: Associate
 
by   /s/ C. Walsh
Name: C. Walsh
Title: Associate
 
BANK ONE, N.A. (f/k/a Bank One,
Michigan), individually and as
Co-Documentation Agent,
 
by   /s/ Richard Howard
Name: Richard Howard
Title: Vice President
 
PNC BANK, NATIONAL ASSOCIATION,
individually and as Co-Documentation
Agent,
 
by   /s/ Bruce A. Kintner
Name: Bruce A. Kintner
Title: Vice President
 
ADDISON CDO, LIMITED (#1279),
 
By:   Pacific Investment Management
Company LLC, as its Investment
Advisor
 
by   /s/ Mohan V. Phansalkar
Name: Mohan V. Phansalkar
Title: Executive Vice President


 

10

     
 
AERIES FINANCE-II LTD.,
 
By:   INVESCO Senior Secured
Management, Inc., as Sub-Managing
Agent
 
by   /s/ Scott Baskind
Name: Scott Baskind
Title: Authorized Signatory
 
AIM FLOATING RATE FUND,
 
By:   INVESCO Senior Secured
Management, Inc., as Attorney in
fact
 
by   /s/ Scott Baskind
Name: Scott Baskind
Title: Authorized Signatory
 
AMARA 2 FINANCE, LTD.,
 
By:   INVESCO Senior Secured
Management, Inc., as Financial
Manager
 
by   /s/ Scott Baskind
Name: Scott Baskind
Title: Authorized Signatory
 
AMMC CDO I, LIMITED,
 
By:   American Money Management Corp.,
as Collateral Manager
 
by   /s/ David P. Meyer
Name: David P. Meyer
Title: Vice President


 

11

     
 
AMMC CDO II, LIMITED,
 
By:   American Money Management Corp.,
as Collateral Manager
 
by   /s/ David P. Meyer
Name: David P. Meyer
Title: Vice President
 
APEX (IDM) CDO I, LTD.,
 
By:   David L. Babson and Co., Inc., as
Collateral Manager
 
by   /s/ Glenn Duffy
Name: Glenn Duffy
Title: Managing Director
 
ARCHIMEDES FUNDING II, LTD.,
 
By:   ING Capital Advisors LLC, as
Collateral Manager
 
by   /s/ Philip C. Robbins
Name: Philip C. Robbins
Title: Vice President
 
ARCHIMEDES FUNDING III, LTD.,
 
By:   ING Capital Advisors LLC, as
Collateral Manager
 
by   /s/ Philip C. Robbins
Name: Philip C. Robbins
Title: Vice President


 

12

     
 
ATHENA CDO, LIMITED (#1277),
 
By:   Pacific Investment Management
Company LLC, as its Investment
Advisor
 
by   /s/ Mohan V. Phansalkar
Name: Mohan V. Phansalkar
Title: Executive Vice President
 
AVALON CAPITAL LTD.,
 
By:   INVESCO Senior Secured
Management, Inc., as Portfolio
Advisor
 
by   /s/ Scott Baskind
Name: Scott Baskind
Title: Authorized Signatory
 
AVALON CAPITAL LTD. 2,
 
By:   INVESCO Senior Secured
Management, Inc., as Portfolio
Advisor
 
by   /s/ Scott Baskind
Name: Scott Baskind
Title: Authorized Signatory
 
BANCO ESPIRITO SANTO, S.A.,
 
by   /s/ Andrew M. Orsen
Name: Andrew M. Orsen
Title: Vice President
 
by   /s/ Terry R. Hull
Name: Terry R. Hull
Title: Senior Vice President


 

13

     
 
BANK AUSTRIA CREDITANSTALT CORPORATE
FINANCE, INC.,
 
by   /s/ Irv Roa
Name: Irv Roa
Title: Director
 
by   /s/ Elizabeth Tallmadge
Name: Elizabeth Tallmadge
Title: Managing Director
Chief Investment Officer
 
BANK LEUMI USA,
 
by   /s/ Gloria Bucher
Name: Gloria Bucher
Title: Senior Vice President
Managing Director
 
THE BANK OF NOVA SCOTIA,
 
by   /s/ Mark Sparrow
Name: Mark Sparrow
Title: Director
 
THE BANK OF TOKYO-MITSUBISHI, LTD.,
CHICAGO BRANCH,
 
by   /s/ Shinichiro Munechika
Name: Shinichiro Munechika
Title: Deputy General Manager


 

14

     
 
BEDFORD CDO, LIMITED (#1276),
 
By:   Pacific Investment Management
Company LLC, as its Investment
Advisor
 
by   /s/ Mohan V. Phansalkar
Name: Mohan V. Phansalkar
Title: Executive Vice President
 
CAPTIVA II FINANCE LTD.,
 
by   /s/ David Dyer
Name: David Dyer
Title: Director
 
CAPTIVA III FINANCE LTD. (Acct. 275),
as advised by Pacific Investment
Management Company LLC
 
by   /s/ David Dyer
Name: David Dyer
Title: Director
 
CAPTIVA IV FINANCE LTD. (Acct. 1275),
as advised by Pacific Investment
Management Company LLC
 
by   /s/ David Dyer
Name: David Dyer
Title: Director


 

15

     
 
CATALINA CDO LTD. (#1287),
 
By:   Pacific Investment Management
Company LLC, as its Investment
Advisor
 
by   /s/ Mohan V. Phansalkar
Name: Mohan V. Phansalkar
Title: Executive Vice President
 
CERES FINANCE LTD.,
 
By:   INVESCO Senior Secured
Management, Inc., as Sub-Managing
Agent
 
by   /s/ Scott Baskind
Name: Scott Baskind
Title: Authorized Signatory
 
CHARTER VIEW PORTFOLIO,
 
By:   INVESCO Senior Secured
Management, Inc., as Investment
Advisor
 
by   /s/ Scott Baskind
Name: Scott Baskind
Title: Authorized Signatory
 
CHIAO TUNG BANK CO., LTD., NEW YORK
AGENCY,
 
by   /s/ Shyh-Jiann Peng
Name: Shyh-Jiann Peng
Title: Senior Vice President & GM


 

16

     
 
CITICORP INSURANCE AND INVESTMENT
TRUST,
 
By:   Travelers Asset Management
International Company LLC
 
by   /s/ William M. Gardner
Name: William M. Gardner
Title: Investment Officer
 
CITIGROUP INVESTMENTS CORPORATE LOAN
FUND INC. (f/k/a Travelers Corporate
Loan Fund Inc.),
 
By:   Travelers Asset Management
International Company LLC
 
by   /s/ William M. Gardner
Name: William M. Gardner
Title: Investment Officer
 
CITIZENS BANK OF MASSACHUSETTS,
 
by   /s/ Christopher G. Daniel
Name: Christopher G. Daniel
Title: Vice President
 
COLUMBUS LOAN FUNDING LTD.,
 
By:   Travelers Asset Management
International Company LLC
 
by   /s/ William M. Gardner
Name: William M. Gardner
Title: Investment Officer
 
COMERICA BANK,
 
by   /s/ Scott M. Kowalski
Name: Scott M. Kowalski
Title: Account Officer


 

17

     
 
DELANO COMPANY (#274),
 
By:   Pacific Investment Management
Company LLC, as its Investment
Advisor
 
by   /s/ Mohan V. Phansalkar
Name: Mohan V. Phansalkar
Title: Executive Vice President
 
EASTMAN HILL FUNDING I, LIMITED,
 
By:   TCW Asset Management Company, as
its Collateral Manager
 
by   /s/ Mark L. Gold
Name: Mark L. Gold
Title: Managing Director
 
ELC (CAYMAN) LTD.,
 
By:   David L. Babson and Co., Inc., as
Collateral Manager
 
by   /s/ Glenn Duffy
Name: Glenn Duffy
Title: Managing Director
 
ELC (CAYMAN) LTD. 1999-II,
 
By:   David L. Babson and Co., Inc., as
Collateral Manager
 
by   /s/ Glenn Duffy
Name: Glenn Duffy
Title: Managing Director


 

18

     
 
ELC (CAYMAN) LTD. 1999-III,
 
By:   David L. Babson and Co., Inc., as
Collateral Manager
 
by   /s/ Glenn Duffy
Name: Glenn Duffy
Title: Managing Director
 
ELC (CAYMAN) LTD. 2000-I,
 
By:   David L. Babson and Co., Inc., as
Collateral Manager
 
by   /s/ Glenn Duffy
Name: Glenn Duffy
Title: Managing Director
 
ELC (CAYMAN) LTD. CDO SERIES 1999-I,
 
By:   David L. Babson and Co., Inc., as
Collateral Manager
 
by   /s/ Glenn Duffy
Name: Glenn Duffy
Title: Managing Director


 

19

     
 
ELF FUNDING TRUST III,
 
By:   New York Life Investment
Management, LLC, as
Attorney-in-Fact
 
by   /s/ R. H. Dial
Name: R. H. Dial
Title: Vice President
 
ENDURANCE CLO I, LTD.,
 
By:   ING Capital Advisors LLC, as
Collateral Manager
 
by   /s/ Philip C. Robbins
Name: Philip C. Robbins
Title: Vice President
 
FLEET NATIONAL BANK,
 
by   /s/ Richard E. Lynch
Name: Richard E. Lynch
Title: Vice President
 
FRANKLIN CLO I, LIMITED,
 
by   /s/ Richard D’Addario
Name: Richard D’Addario
Title: Senior Vice President
 
FRANKLIN FLOATING RATE TRUST,
 
by   /s/ Richard D’Addario
Name: Richard D’Addario
Title: Vice President


 

20

     
 
GALAXY CLO 1999-1, LTD.,
 
by   /s/ W. Jeffrey Baxter
Name: W. Jeffrey Baxter
Title: Authorized Agent
 
HAMILTON CDO, LTD.,
 
By:   Stanfield Capital Partners LLC,
as its Collateral Manager
 
by   /s/ Christopher Pucillo
Name: Christopher Pucillo
Title: Partner
 
HARBOURVIEW CDO II, LTD.,
 
by   /s/ Bill Campbell
Name: Bill Campbell
Title: Manager
 
HARBOURVIEW CLO IV, LTD.,
 
by   /s/ Bill Campbell
Name: Bill Campbell
Title: Manager
 
HARCH CLO I, LTD.,
 
by   /s/ Michael E. Lewitt
Name: Michael E. Lewitt
Title: Authorized Signatory


 

21

     
 
JISSEKIKUN FUNDING, LTD.
(Acct. #1288),
 
By:   Pacific Investment Management
Company LLC, as its Investment
Advisor
 
by   /s/ Mohan V. Phansalkar
Name: Mohan V. Phansalkar
Title: Executive Vice President
 
KZH CRESCENT LLC,
 
by   /s/ Anthony Iarrobino
Name: Anthony Iarrobino
Title: Authorized Agent
 
KZH CRESCENT-2 LLC,
 
by   /s/ Anthony Iarrobino
Name: Anthony Iarrobino
Title: Authorized Agent
 
KZH CRESCENT-3 LLC,
 
by   /s/ Anthony Iarrobino
Name: Anthony Iarrobino
Title: Authorized Agent
 
KZH ING-2 LLC,
 
by   /s/ Anthony Iarrobino
Name: Anthony Iarrobino
Title: Authorized Agent


 

22

     
 
KZH PONDVIEW LLC,
 
by   /s/ Anthony Iarrobino
Name: Anthony Iarrobino
Title: Authorized Agent
 
KZH SOLEIL LLC,
 
by   /s/ Anthony Iarrobino
Name: Anthony Iarrobino
Title: Authorized Agent
 
KZH SOLEIL-2 LLC,
 
by   /s/ Anthony Iarrobino
Name: Anthony Iarrobino
Title: Authorized Agent
 
KZH WATERSIDE LLC,
 
by   /s/ Anthony Iarrobino
Name: Anthony Iarrobino
Title: Authorized Agent


 

23

     
 
NATEXIS BANQUES POPULAIRES,
 
by   /s/ Michael J. Storms
Name: Michael J. Storms
Title: Associate
 
by   /s/ William J. Burke
Name: William J. Burke
Title: Vice President
 
NATIONAL CITY BANK,
 
by   /s/ Beth A. Newton
Name: Beth A. Newton
Title: Vice President
 
NATIONAL WESTMINSTER BANK PLC,
 
By:   NatWest Capital Markets Limited,
its Agent
 
By:   Greenwich Capital Markets, Inc.,
its Agent
 
by   /s/ Kelly A. Myers
Name: Kelly A. Myers
Title: Vice President
 
NEMEAN CLO, LTD.,
 
By:   ING Capital Advisors LLC, as
Collateral Manager
 
by   /s/ Philip C. Robbins
Name: Philip C. Robbins
Title: Vice President


 

24

     
 
OPPENHEIMER SENIOR FLOATING RATE FUND,
 
by   /s/ Bill Campbell
Name: Bill Campbell
Title: Manager
 
ORYX CLO, LTD.,
 
By:   ING Capital Advisors LLC, as
Collateral Manager
 
by   /s/ Philip C. Robbins
Name: Philip C. Robbins
Title: Vice President
 
PERSEUS CDO I, LIMITED,
 
By:   David L. Babson and Co., Inc., as
Collateral Manager
 
by   /s/ Glenn Duffy
Name: Glenn Duffy
Title: Managing Director
 
ROYALTON COMPANY (#280),
 
By:   Pacific Investment Management
Company LLC, as its Investment
Advisor
 
by   s/ Mohan V. Phansalkar
Name: Mohan V. Phansalkar
Title: Executive Vice President
 
THE ROYAL BANK OF SCOTLAND PLC,
 
by   /s/ Michael T. Fabiano
Name: Michael T. Fabiano
Title: Vice President


 

25

     
 
SAAR HOLDING CDO LIMITED,
 
By:   David L. Babson and Co., Inc., as
Collateral Manager
 
by   /s/ Glenn Duffy
Name: Glenn Duffy
Title: Managing Director
 
SEQUILS-ING I (HBDGM), LTD.,
 
By:   ING Capital Advisors LLC, as
Collateral Manager
 
by   /s/ Philip C. Robbins
Name: Philip C. Robbins
Title: Vice President
 
SEQUILS-MAGNUM, LTD. (#1280),
 
By:   Pacific Investment Management
Company LLC, as its Investment
Advisor
 
by   /s/ Mohan V. Phansalkar
Name: Mohan V. Phansalkar
Title: Executive Vice President
 
SEQUILS I, LTD.,
 
By:   TCW Advisors, Inc., as its
Collateral Manager
 
by   /s/ G. Steven Kalin
Name: G. Steven Kalin
Title: Vice President
 
by   /s/ Mark L. Gold
Name: Mark L. Gold
Title: Managing Director


 

26

     
 
SEQUILS IV, LTD.,
 
By:   TCW Advisors, Inc., as its
Collateral Manager
 
by   /s/ G. Steven Kalin
Name: G. Steven Kalin
Title: Vice President
 
by   /s/ Mark L. Gold
Name: Mark L. Gold
Title: Managing Director
 
SIMSBURY CLO LIMITED,
 
By:   David L. Babson and Co., Inc., as
Collateral Manager
 
by   /s/ Glenn Duffy
Name: Glenn Duffy
Title: Managing Director
 
SOMERS CDO LIMITED,
 
By:   David L. Babson and Co., Inc., as
Collateral Manager
 
by   /s/ Glenn Duffy
Name: Glenn Duffy
Title: Managing Director
 
SOUTHERN PACIFIC BANK,
 
by   /s/ Daniel Rood
Name: Daniel Rood
Title: Senior Vice President
 
SRF TRADING, INC.,
 
by   /s/ Ann E. Morris
Name: Ann E. Morris
Title: Assistant Vice President


 

27

     
 
STANDARD FEDERAL BANK N.A.,
 
by   /s/ Otto A. Wilhelm
Name: Otto A. Wilhelm
Title: First Vice President
 
STANFIELD ARBITRAGE CDO, LTD.,
 
By:   Stanfield Capital Partners LLC,
as its Collateral Manager
 
by   /s/ Christopher Pucillo
Name: Christopher Pucillo
Title: Partner
 
STANFIELD CLO LTD.,
 
By:   Stanfield Capital Partners LLC,
as its Collateral Manager
 
by   /s/ Christopher Pucillo
Name: Christopher Pucillo
Title: Partner
 
STANFIELD/RMF TRANSATLANTIC CDO LTD.,
 
By:   Stanfield Capital Partners LLC,
as its Collateral Manager
 
by   /s/ Christopher Pucillo
Name: Christopher Pucillo
Title: Partner
 
STEIN ROE & FARNHAM CLO I LTD.,
 
By:   Stein Roe & Farnham Incorporated,
as Portfolio Manager
 
by   /s/ Kathleen A. Zarn
Name: Kathleen A. Zarn
Title: Senior Vice President


 

28

     
 
STEIN ROE FLOATING RATE LIMITED
LIABILITY COMPANY,
 
By:   Stein Roe & Farnham Incorporated,
as Advisor
 
by   /s/ Kathleen A. Zarn
Name: Kathleen A. Zarn
Title: Senior Vice President
 
STRATA FUNDING LTD.,
 
By:   INVESCO Senior Secured
Management, Inc., as Sub-Managing
Agent
 
by   /s/ Scott Baskind
Name: Scott Baskind
Title: Authorized Signatory
 
SUNAMERICA SENIOR FLOATING RATE FUND
INC.,
 
By:   Stanfield Capital Partners LLC,
as subadvisor
 
by   /s/ Christopher Pucillo
Name: Christopher Pucillo
Title: Partner
 
TCW SELECT LOAN FUND, LIMITED,
 
By:   TCW Advisors, Inc., as its
Collateral Manager
 
by   /s/ G. Steven Kalin
Name: G. Steven Kalin
Title: Vice President
 
by   /s/ Mark L. Gold
Name: Mark L. Gold
Title: Managing Director


 

29

     
 
THE TRAVELERS INSURANCE COMPANY,
 
by   /s/ William M. Gardner
Name: William M. Gardner
Title: Investment Officer
 
TRITON CBO III, LIMITED,
 
By:   INVESCO Senior Secured
Management, Inc., as Investment
Advisor
 
by   /s/ Scott Baskind
Name: Scott Baskind
Title: Authorized Signatory
 
TRYON CLO LTD. 2000-I,
 
By:   David L. Babson and Co., Inc., as
Collateral Manager
 
by   /s/ Glenn Duffy
Name: Glenn Duffy
Title: Managing Director
 
VAN KAMPEN PRIME RATE INCOME TRUST,
 
By:   Van Kampen Investment Advisory
Corp.
 
by   /s/ Howard Tiffen
Name: Howard Tiffen
Title: Managing Director


 

30

     
 
VAN KAMPEN SENIOR INCOME TRUST,
 
By:   Van Kampen Investment Advisory
Corp.
 
by   /s/ Howard Tiffen
Name: Howard Tiffen
Title: Managing Director
 
VENTURE CDO 2002, LIMITED,
By its investment advisor, Barclays
Capital Asset Management Limited,
 
    By its sub-advisor, Barclays Bank PLC,
New York Branch
 
by   /s/ Martin F. Davey
Name: Martin F. Davey
Title: Director
 
WACHOVIA BANK, NATIONAL ASSOCIATION,
 
by   /s/ Anne D. Brehony
Name: Anne D. Brehony
Title: Director
 
WINDSOR LOAN FUNDING, LIMITED,
 
By:   Stanfield Capital Partners LLC,
as its Investment Manager
 
by   /s/ Christopher Pucillo
Name: Christopher Pucillo
Title: Partner