LETTER AMENDMENT
Exhibit 10.1
EXECUTION COPY
LETTER AMENDMENT
Dated as of August 23, 2006
To the banks, financial institutions and other institutional lenders (collectively, the Lenders) parties to the Credit Agreement referred to below and to Citicorp USA, Inc., as administrative agent (the Administrative Agent) for the Lenders |
Ladies and Gentlemen:
We refer to the Five Year Credit Agreement dated as of June 6, 2006 (the Credit Agreement) among the undersigned and you. Capitalized terms not otherwise defined in this Letter Amendment have the same meanings as specified in the Credit Agreement.
It is hereby agreed by you and us that the Credit Agreement is, effective as of the date of this Letter Agreement, hereby amended as follows:
(a) The definition of Responsible Officer in Section 1.01 of the Credit Agreement is amended in full to read as follows:
Responsible Officer means the chief executive officer, the president, the chief operating officer, the chief financial officer, the chief legal officer, the treasurer, the controller or an assistant treasurer of each of the Credit Parties and, for purposes of the definitions of Competitive Bid Request and Request for Extensions of Credit, such other officer as the Company may specify to the Administrative Agent in a written notice from time to time. Any document or certificate hereunder that is signed or executed by a Responsible Officer shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of the relevant Credit Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Credit Party.
(b) Schedule 7.02 is hereby amended by deleting therefrom the figure $500,000,000 and substituting therefor the figure $1,500,000,000.
(c) Schedule 10.02 is hereby amended in full to read as set forth as Annex A to this Letter Amendment.
The Company hereby certifies that, as of the date of this Letter Amendment, the representations and warranties contained in Article V of the Credit Agreement are correct in all material respects on and as of such date, with the same effect as if made on and as of such date, except where such representations and warranties expressly relate to an earlier date, and no event has occurred and is continuing that constitutes a Default or an Event of Default.
This Letter Amendment shall become effective as of the date first above written when, and only when, the Administrative Agent shall have received counterparts of this Letter Amendment executed by the undersigned and the Requisite Lenders or, as to any of the Lenders, advice satisfactory to the Administrative Agent that such Lender has executed this Letter Amendment. This Letter Amendment is subject to the provisions of Section 10.01 of the Credit Agreement.
On and after the effectiveness of this Letter Amendment, each reference in the Credit Agreement to this Agreement, hereunder, hereof or words of like import referring to the Credit Agreement, and each reference in the Notes and each of the other Loan Documents to the Credit Agreement, thereunder, thereof or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Letter Amendment.
The Credit Agreement, the Notes and each of the other Loan Documents, as specifically amended by this Letter Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. The execution, delivery and effectiveness of this Letter Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.
If you agree to the terms and provisions hereof, please evidence such agreement by executing and returning at least two counterparts of this Letter Amendment to Susan L. Hobart, Shearman & Sterling LLP, 599 Lexington Avenue, New York, New York 10022.
This Letter Amendment 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 one and the same agreement. Delivery of an executed counterpart of a signature page to this Letter Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Letter Amendment.
This Letter Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.
Very truly yours,
SCIENCE APPLICATIONS INTERNATIONAL CORPORATION, a Delaware corporation | ||
By: | /S/ STEVEN P. FISHER | |
Title: Senior Vice President and Treasurer |
Agreed as of the date first above written:
CITICORP | USA, INC., |
as Administrative Agent and as a Lender
By: | /S/ HANS LIN | |
Title: Vice President |
WACHOVIA BANK NATIONAL ASSOCIATION | ||
By: | /S/ THOMAS LIU | |
Title: Vice President |
BANK OF AMERICA, N.A. | ||
By: | /S/ KENNETH J. BECK | |
Title: Senior Vice President |
MORGAN STANLEY BANK | ||
By: | /S/ DANIEL TWENGE | |
Title: Authorized Signatory Morgan Stanley Bank |
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U.S. BANK NATIONAL ASSOCIATION | ||
By: | /S/ CONNAN SCHLEICHER | |
Title: Vice President |
THE BANK OF NEW YORK | ||
By: | /S/ ELIZABETH T. YING | |
Title: Managing Director |
KEYBANK NATIONAL ASSOCIATION | ||
By: | /S/ THOMAS A. CRANDELL | |
Title: Senior Vice President |
MELLON BANK, N.A. | ||
By: | /S/ DAVID B. WIRL | |
Title: Vice President |
ROYAL BANK OF SCOTLAND PLC | ||
By: | /S/ L. PETER YETMAN | |
Title: Senior Vice President |
SOCIETE GENERALE | ||
By: | /S/ MILISSA GROEDEN | |
Title: Vice President |
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ANNEX A
SCHEDULE 10.02
LENDING OFFICES AND NOTICE ADDRESSES
Administrative Agent | ||||
Citibank, N.A. | Two Penns Way New Castle, DE19720 Attn: Bank Loan Syndications Account No. 36852248 | |||
Name of Initial Lender | Domestic Lending Office | Eurodollar Lending Office | ||
Bank of America, N.A. | 2001 Clayton Road Building B Concord, CA 94520 Attn: Pamela Greer-Tillman T: 925 ###-###-#### F: 888 ###-###-#### | 2001 Clayton Road Building B Concord, CA 94520 Attn: Pamela Greer-Tillman T: 925 ###-###-#### F: 888 ###-###-#### | ||
The Bank of New York | One Wall Street 22nd Floor New York, NY 10005 Attn: Dawn Hertling T: 212 ###-###-#### F: 212 ###-###-#### | One Wall Street 22nd Floor New York, NY 10005 Attn: Dawn Hertling T: 212 ###-###-#### F: 212 ###-###-#### | ||
Citibank, N.A. | Two Penns Way New Castle, DE 19720 | Two Penns Way New Castle, DE 19720 | ||
Keybank National Association | 127 Public Square 8th Floor Cleveland, OH 44114 Attn: Lisa Wright T: 216 ###-###-#### F: 216 ###-###-#### | 127 Public Square 8th Floor Cleveland, OH 44114 Attn: Lisa Wright T: 216 ###-###-#### F: 216 ###-###-#### | ||
Mellon Bank, N.A. | One Mellon Bank Center Room 4535 500 Grant Street Pittsburgh, PA 15258 Attn: Charlotte Adams T: 412 ###-###-#### F: 412 ###-###-#### | One Mellon Bank Center Room 4535 500 Grant Street Pittsburgh, PA 15258 Attn: Charlotte Adams T: 412 ###-###-#### F: 412 ###-###-#### | ||
Morgan Stanley Bank | 2500 Lake Park Blvd. Suite 300 C West Valley City, UT 84120 Attn: Larry Benison T: 718 ###-###-#### F: 718 ###-###-#### | 2500 Lake Park Blvd. Suite 300 C West Valley City, UT 84120 Attn: Larry Benison T: 718 ###-###-#### F: 718 ###-###-#### |
Name of Initial Lender | Domestic Lending Office | Eurodollar Lending Office | ||
The Royal Bank of Scotland plc | 101 Park Avenue New York, NY 10178 Attn: Li Yao Li T: 212 ###-###-#### F: 212 ###-###-#### | 101 Park Avenue New York, NY 10178 Attn: Li Yao Li T: 212 ###-###-#### F: 212 ###-###-#### | ||
Societe Generale | 1221 Avenue of the Americas New York, NY 10020 Attn: Arlene Tellerman T: 212 ###-###-#### F: 212 ###-###-#### | 1221 Avenue of the Americas New York, NY 10020 Attn: Arlene Tellerman T: 212 ###-###-#### F: 212 ###-###-#### | ||
U.S. Bank National Association | 555 S.W. Oak Street Mail Code: PD-OR-P7LN Portland, OR 97204 Attn: Lennie Regalado T: 503 ###-###-#### F: 503 ###-###-#### | 555 S.W. Oak Street Mail Code: PD-OR-P7LN Portland, OR 97204 Attn: Lennie Regalado T: 503 ###-###-#### F: 503 ###-###-#### | ||
Wachovia Bank, National Association | Charlotte, NC 28288 NC 1183 Attn: Jason Schooley T: 704 ###-###-#### F: 704 ###-###-#### | 201 S. College Street Charlotte, NC 28288 NC 1183 Attn: Jason Schooley T: 704 ###-###-#### F: 704 ###-###-#### |
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