AMENDMENT AGREEMENT NO. 1 dated as of 28 June 2011 between Meritor Heavy Vehicle Braking Systems (USA), Inc., Meritor Heavy Vehicle Systems, LLC and Meritor Aftermarket USA, LLC (formerly known as Arvinmeritor Mascot, LLC) as Sellers and Viking Asset Purchaser No. 7 IC an incorporated cell of Viking Global Finance ICC as Purchaser and Citicorp Trustee Company Limited as Programme Trustee (the Amendment Agreement)

EX-10.A 3 exhibit10-a.htm AMENDMENT DATED AS OF JUNE 28, 2011 TO RECEIVABLES PURCHASE AGREEMENT exhibit10-a.htm
 
EXHIBIT 10-a
 
 
 
AMENDMENT AGREEMENT NO. 1
 
dated as of 28 June 2011
 
between
 
Meritor Heavy Vehicle Braking Systems (USA), Inc.,
Meritor Heavy Vehicle Systems, LLC and
Meritor Aftermarket USA, LLC (formerly known as Arvinmeritor Mascot, LLC)
as Sellers
 
and
 
Viking Asset Purchaser No. 7 IC
an incorporated cell of Viking Global Finance ICC
as Purchaser
 
and
 
Citicorp Trustee Company Limited
as Programme Trustee
 
(the “Amendment Agreement”)
 
 
 
 
 
 

1.        BACKGROUND AND DEFINITIONS
 
1.1   The parties hereto have entered into a receivables purchase agreement dated 29 October 2010 between Meritor Heavy Vehicle Braking Systems (USA), Inc., Meritor Heavy Vehicle Systems, LLC and Arvinmeritor Mascot, LLC (now known as Meritor Aftermarket USA, LLC) as Sellers, Viking Asset Purchaser No. 7 IC, an incorporated cell of Viking Global Finance ICC, as Purchaser and Citicorp Trustee Company Limited as Programme Trustee as amended, restated and supplemented from time to time (the “Receivables Purchase Agreement”).
 
1.2   The parties now wish to amend the Receivables Purchase Agreement in accordance with the provisions set out herein.
 
1.3   Capitalised terms shall, unless the context otherwise requires, have the meaning given to them in the Receivables Purchase Agreement.
 
2.   AMENDMENT
 
2.1   The parties hereto agree that with effect as of 4 April 2011, the definition of “Total Commitment” in Clause 1.1 of the Receivables Purchase Agreement shall be amended as follows:
 
    In the third line “being EUR 32,000,000” shall be amended to “being EUR 50,000,000”.
 
3.   MISCELLANEOUS
 
3.1   For the avoidance of doubt, the Receivables Purchase Agreement shall remain in full force and effect and the provisions set out in this Amendment Agreement shall only take effect as specified herein.
 
3.2   This Amendment Agreement may be executed in any number of counterparts and all such counterparts taken together shall be deemed to constitute one and the same instrument.
 
3.3   Clause 20 (GOVERNING LAW; JURISDICTION; WAIVER OF JURY TRIAL) of the Receivables Purchase Agreement shall be incorporated in and form part of this Amendment Agreement mutatis mutandis.
 
IN WITNESS WHEREOF the parties have executed this Amendment Agreement on the respective dates specified below with effect from the date specified in Clause 2.1 above.
 
 
For and behalf of
 
Meritor Heavy Vehicle Braking Systems (USA), Inc.
     
By: /s/     Mary A. Lehmann
   
Name:   Mary A. Lehmann
   
Title: Senior Vice-President and Treasurer

 

For and on behalf of
 
Meritor Heavy Vehicle Systems, LLC
     
By: /s/ Mary A. Lehmann
   
Name:   Mary A. Lehmann
   
Title: Senior Vice-President and Treasurer
 
 
For and behalf of
 
Meritor Aftermarket USA, LLC (formerly known as Arvinmeritor Mascot, LLC)
     
By: /s/ Mary A. Lehmann
   
Name: Mary A. Lehmann
   
Title: Senior Vice-President and Treasurer
 
 
For and behalf of
 
Viking Asset Purchaser No. 7 IC
     
By: /s/     Cheryl Heslop
   
Name:  Cheryl Heslop
   
Title: Alternate Director
 
 
For and behalf of
 
Citicorp Trustee Company Limited
     
By: /s/ Viola Japaul
   
Name: Viola Japaul
   
Title: Director