EX-101 INSTANCE DOCUMENT

EX-10.36.1 7 b83552exv10w36w1.htm EX-10.36.1 exv10w36w1
EXHIBIT 10.36.1
AMENDMENT
          AMENDMENT (this “Amendment”), dated as of November 30, 2010, to the Credit Agreement, dated as of July 14, 2006 (as amended, restated, supplemented or otherwise modified, this “Agreement”), among GENZYME CORPORATION, a Massachusetts corporation (the “Parent Borrower”), the SUBSIDIARY BORROWERS (the “Subsidiary Borrowers”), the several banks and other financial institutions or entities from time to time parties to this Agreement (the “Lenders”), the Syndication Agent, Co-Documentation Agents and Co-Agents named therein, and JPMORGAN CHASE BANK, N.A., as administrative agent. The parties hereto agree as follows:
WITNESSETH:
          WHEREAS, the Borrower has requested that certain provisions of the Agreement be amended as set forth herein; and
          WHEREAS, the Administrative Agent, the Issuing Bank and the Required Lenders are willing to consent to such amendments on the terms set forth herein;
          NOW THEREFORE, in consideration of the premises and mutual covenants contained herein, the undersigned hereby agree as follows:
          I. Defined Terms. Terms defined in the Agreement and used herein shall have the meanings given to them in the Agreement.
          II. Amendment to Section 1.1 (Defined Terms). Subsection 1.1 of the Agreement is hereby amended by adding the following new definition to appear in alphabetical order:
Consolidated Total Assets”: the consolidated total asset value of the Parent Borrower and its Subsidiaries as reported in the Parent Borrower’s most recent annual report on Form 10-K filed with the SEC under the Securities Exchange Act of 1934.
          III. Amendment to Section 7.5 (Disposition of Property). Section 7.5(h) of the Agreement is hereby amended by deleting “fair market value not to exceed 15% of Consolidated Net Worth in the aggregate” therefrom and inserting in lieu thereof “net book value not to exceed 10% of Consolidated Total Assets in any fiscal year”.
          IV. Conditions to Effectiveness of Amendment. This Amendment shall become effective on the date on which the following conditions precedent have been satisfied or waived (“Effective Date”):
  (a)   The Administrative Agent shall have received a duly executed counterpart to this Amendment from the Borrower, the Administrative Agent, the Issuing Bank and the Required Lenders under the Agreement.
 
  (b)   The Administrative Agent shall have received payment of all of its reasonable and documented out-of-pocket costs and expenses incurred in connection with this Amendment, any other documents prepared in connection herewith and the transactions contemplated hereby, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent.
          V. Representations and Warranties. The Borrower hereby represents and warrants that (a) each of the representations and warranties in Section IV of the Agreement shall be, after giving

 


 

effect to this Amendment, true and correct in all material respects as if made on and as of the Effective Date (unless such representations and warranties are stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date) and (b) after giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing.
          VI. No Other Amendments; Confirmation. Except as expressly amended hereby, the provisions of the Agreement and each of the other Credit Documents are and shall remain in full force and effect.
          VII. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
          VIII. Counterparts. This Amendment may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. This Amendment may be delivered by facsimile transmission of the relevant signature pages hereof.
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          IN WITNESS WHEREOF, the undersigned have caused this Amendment to be executed and delivered by their proper and duly authorized officers as of the day and year first above written.
         
  GENZYME CORPORATION
 
 
  By:   /s/ Michael S. Wyzga    
    Name:   Michael S. Wyzga   
    Title:   Executive Vice President Finance, Chief Financial Officer   
 
  GENZYME GLOBAL S.A.R.L.
 
 
  By:   /s/ Christopher Jenner    
    Name:   Christopher Jenner   
    Title:   Class B Manager   
 
     
  By:   /s/ Nathalie Joannes    
    Name:   Nathalie Joannes   
    Title:   Class A Manager   
 
     
  By:   /s/ Michael S. Wyzga    
    Name:   Michael S. Wyzga   
    Title:   Class A Manager   
 

 


 

         
  JPMORGAN CHASE BANK, N.A., as Administrative
Agent and as a Lender
 
 
  By:   /s/ Peter M. Killea    
    Name:   Peter M. Killea   
    Title:   Vice President   
 
  BANK OF AMERICA, N.A., as Syndication Agent and as
a Lender
 
 
  By:   /s/ Zubin R. Shroff    
    Name:   Zubin R. Shroff   
    Title:   Vice President   
 

 


 

         
  The Bank of New York Mellon
 
 
  By:   /s/ Clifford A. Mull    
    Name:   Clifford A. Mull   
    Title:   First Vice President   
 

 


 

         
  The Governor & Company of the Bank of Ireland
 
 
  By:   /s/ Anne Donovan    
    Name:   Anne Donovan   
    Title:   Authorised Signatory   
 
     
  By:   /s/ John Goggin    
    Name:   John Goggin   
    Title:   Authorized Signatory   
 

 


 

         
  Intesa Sanpaolo S.p.A.-New York Branch
 
 
  By:   /s/ Luca Sacchi    
    Name:   Luca Sacchi   
    Title:   VP   
 
     
  By:   /s/ Francesco DiMario    
    Name:   Francesco DiMario   
    Title:   FVP, Credit Manager   
 

 


 

         
  KBC Bank N.V.
 
 
  By:   /s/ Tim Lee    
    Name:   Tim Lee   
    Title:   Director   
 
     
  By:   /s/ S. Kurtz Barkley    
    Name:   S. Kurtz Barkley   
    Title:   Managing Director   
 

 


 

         
  RBS Citizens, NA
 
 
  By:   /s/ Cindy Chen    
    Name:   Cindy Chen   
    Title:   Senior Vice President   
 

 


 

         
  The Royal Bank of Scotland N.V.
(formerly known as ABN AMRO Bank N.V.)
 
 
  By:   /s/ Michele Costello    
    Name:   Michelle Costello   
    Title:   Director   
 

 


 

         
  Sovereign Bank
 
 
  By:   /s/ Pierre A. Desbiens    
    Name:   Pierre A. Desbiens   
    Title:   AVP   
 

 


 

         
  WELLS FARGO BANK, N.A.
 
 
  By:   /s/ Scott Santa Cruz    
    Name:   Scott Santa Cruz   
    Title:   Director