AMENDMENT NO. 1, dated as of May 6, 2020 (this Amendment), relating to the THIRD AMENDED AND RESTATED CREDIT AGREEMENT dated as of December 12, 2018 (as amended, amended and restated, supplemented or otherwise modified prior to the date hereof, the Existing Credit Agreement, and as amended by this Amendment, the Amended Credit Agreement), among LEGGETT & PLATT, INCORPORATED, a Missouri corporation (the Borrower), the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent.
WHEREAS, the Lenders have agreed to extend credit to the Borrower under the Existing Credit Agreement on the terms and subject to the conditions set forth therein; and
WHEREAS, the Borrower has requested, and the parties hereto have agreed, to amend certain provisions of the Existing Credit Agreement as set forth herein;
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 but not otherwise defined herein (including in the recitals hereto) have the meanings assigned to them in the Existing Credit Agreement.
SECTION 2. Amendment of the Existing Credit Agreement. Effective on the Amendment Effective Date (as defined below), the Existing Credit Agreement (excluding the Schedules and Exhibits thereto) is hereby amended as follows:
(a) Each reference to EEA Financial Institution or EEA Financial Institutions is hereby replaced with Affected Financial Institution or Affected Financial Institutions, as the case may be.
(b) Section 1.01 of the Existing Credit Agreement shall be amended to insert the following new definitions in appropriate alphabetical order:
Affected Financial Institution means (a) any EEA Financial Institution or (b) any UK Financial Institution.
Consolidated Cash Balance means, on any date, an amount equal to the aggregate amount of cash and cash equivalents, in each case, held or owned by, credited to the account of, or otherwise reflected as an asset on the balance sheet of, the Borrower and the Subsidiaries taken as a whole.
Consolidated Cash Balance Limit means, on any date of determination, (i) $300,000,000, plus (ii) the sum, without duplication, of (a) any payments reasonably expected to be made by the Borrower or any Subsidiary within five Business Days after such date in respect of trade payables, Indebtedness (including interest thereon), taxes, payroll or other obligations or expenses as certified in writing to the Administrative Agent on or before such date, (b) any amounts to be used in connection with the consummation of any