Second Amendment to Amended and Restated Multicurrency Credit Agreement, dated as of September 15, 2005

EX-10.1 2 ex10_1.htm EXHIBIT 10.1 Exhibit 10.1

EXHIBIT 10.1

SECOND AMENDMENT TO

AMENDED AND RESTATED MULTICURRENCY CREDIT AGREEMENT

This Second Amendment to Amended and Restated Multicurrency Credit Agreement (herein, the “Amendment”) is entered into as of September 15, 2005, by and among Jones Lang LaSalle Finance B.V., the Guarantors party hereto, the Banks party hereto and Harris N.A. (successor by merger to Harris Trust and Savings Bank), as Administrative Agent.

PRELIMINARY STATEMENTS

A. The Borrower, the Guarantors, the Banks and Harris N.A. (successor by merger to Harris Trust and Savings Bank), as Administrative Agent, entered into a certain Amended and Restated Multicurrency Credit Agreement, dated as of April 13, 2004 (as amended by the First Amendment thereto dated March 31, 2005, the “Credit Agreement”). All capitalized terms used herein without definition shall have the same meanings herein as such terms have in the Credit Agreement.

B. The Borrower has requested that the Banks agree to certain amendments to the Credit Agreement, and the Banks are willing to do so under the terms and conditions set forth in this Amendment.

Now, Therefore, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

SECTION 1.

AMENDMENTS.

Subject to the satisfaction of the conditions precedent set forth in Section 2 below, the Credit Agreement shall be and hereby is amended as follows:

1.1 Section 7.14(i) of the Credit Agreement is hereby amended in its entirety and as so amended shall read as follows:

(i) Loans and advances to employees and relocation companies in the ordinary course of business not to exceed $20,000,000 in the aggregate at any one time outstanding, provided that loans and advances to new employees that are made in lieu of a signing bonus or similar compensation shall not be considered a loan or advance for purposes of this Section 7.14 so long as the terms of such loan or advance provide that such loan or advance may be forgiven and converted to compensation upon meeting certain performance objectives by such employee.

SECTION 2.

CONDITIONS PRECEDENT.

This Amendment shall become effective as of September 15, 2005 upon the Administrative Agent’s receipt of counterparts hereof executed by the Borrower, the Guarantors, the Required Banks and the Administrative Agent.

SECTION 3.

REPRESENTATIONS.

In order to induce the Banks to execute and deliver this Amendment, each of the Borrower and the Parent hereby represents to the Banks and the Administrative Agent that as of the date hereof the representations and warranties set forth in Section 5 of the Credit Agreement are and shall be and remain true and correct and the Borrower and the Parent are in compliance with the terms and conditions of the Credit Agreement and no Default or Event of Default has occurred and is continuing under the Credit Agreement or shall result after giving effect to this Amendment.

SECTION 4.

MISCELLANEOUS.

4.1. Except as specifically amended herein, the Credit Agreement shall continue in full force and effect in accordance with its original terms. Reference to this specific Amendment need not be made in the Credit Agreement, the Notes, or any other instrument or document executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to or with respect to the Credit Agreement, any reference in any of such items to the Credit Agreement being sufficient to refer to the Credit Agreement as amended hereby.

4.2. The Borrower agrees to pay on demand all costs and expenses of or incurred by the Bank in connection with the negotiation, preparation, execution and delivery of this Amendment, including the fees and expenses of counsel for the Administrative Agent.

4.3. This Amendment may be executed in any number of counterparts, and by the different parties on different counterpart signature pages, all of which taken together shall constitute one and the same agreement. Any of the parties hereto may execute this Amendment by signing any such counterpart and each of such counterparts shall for all purposes be deemed to be an original. This Amendment shall be governed by the internal laws of the State of Illinois.

[SIGNATURE PAGE TO FOLLOW]

This Second Amendment to Credit Agreement is entered into as of the date and year first above written.

JONES LANG LASALLE FINANCE B.V.


By	/s/	Brian P. Hake
	Title	Managing Director


JONES LANG LASALLE INCORPORATED, as Guarantor

By	/s/	Brian P. Hake
	Title	Treasurer


JONES LANG LASALLE CO-INVESTMENT, INC., as Guarantor


By	/s/	Brian P. Hake
	Title	Treasurer


JONES LANG LASALLE INTERNATIONAL, INC., as Guarantor


By	/s/	Brian P. Hake
	Title	Treasurer


LASALLE INVESTMENT MANAGEMENT, INC., as Guarantor


By	/s/	Brian P. Hake
	Title	Treasurer