KRAFT FOODS INC. Three Lakes Drive Northfield, Illinois 60093
Exhibit 10.1
KRAFT FOODS INC.
Three Lakes Drive
Northfield, Illinois 60093
September 29, 2009
JPMorgan Chase Bank, N.A., as Agent for
the Lenders party to the Credit Agreement (as defined below)
c/o JPMorgan Chase Bank, N.A.
270 Park Avenue, 4th Floor New York, New York 10017 |
Attention: Tony Yung
Facsimile Number: (xxx) xxx-xxxx
with a copy to:
JPMorgan Chase Bank, N.A.
Loan and Agency
1111 Fannin Street, 10th Floor
Houston, TX 77002
Attention: Tokunbo Tayo
Lizet Lopez
Facsimile number (xxx) xxx-xxxx
CONSENT AND WAIVER
Ladies and Gentlemen:
Reference is made to that certain $4.5 billion 5-Year Revolving Credit Agreement dated as of April 15, 2005 (as amended, restated, supplemented or otherwise modified through the date hereof, the Credit Agreement) by and among Kraft Foods Inc., a Virginia corporation (the Borrower), the Lenders from time to time parties thereto, JPMorgan Chase Bank, N.A. (JPM) and Citibank, N.A., as Administrative Agents (together, the Administrative Agents), Credit Suisse First Boston, Cayman Islands Branch and Deutsche Bank Securities Inc., as Syndication Agents, and ABN AMRO Bank N.V., BNP Paribas, HSBC Bank USA, National Association and UBS Securities LLC, as Arrangers and Documentation Agents. Capitalized terms used but not defined in this Consent and Waiver shall have the meanings given to the terms in the Credit Agreement.
The Borrower hereby notifies JPM, both individually and on behalf of the Lenders, of its desire to terminate in full the Commitment of Lehman Commercial Paper, Inc. (Lehman) (the Lehman Commitment), but without a ratable termination or reduction of the Commitments of the other Lenders (the Lehman Termination). JPM and the Required Lenders hereby (i) consent to the Lehman Termination and (ii) waive any Default or Event of Default arising under Section 6.01(c)(iii) of the Credit Agreement as a result of the Lehman Termination and any other provision of the Credit Agreement that may be read to conflict with the Lehman Termination, in each case solely in relation to the Lehman Commitment, including, without limitation, compliance with Section 2.10(a) (Optional Termination or Reduction of the Commitments).
In accordance with Section 9.01 of the Credit Agreement, the effectiveness of this Consent and Waiver is subject to the condition precedent that JPM shall have received either (i) duly executed counterpart signature pages to this Consent and Waiver from the Borrower, Lehman and the Required Lenders or (ii) written evidence satisfactory to JPM (which may include a telecopy transmission of an executed signature page to this Consent and Waiver) that such parties have signed counterparts of this Consent and Waiver.
Upon the effectiveness of this Consent and Waiver, on and after the date hereof, each reference in the Credit Agreement (including any reference therein to this Credit Agreement, hereunder, hereof, herein or words of like import referring thereto) or in any other document, instrument or agreement executed and/or delivered in connection therewith shall mean and be a reference to the Credit Agreement as modified hereby. Except as specifically modified above, the Credit Agreement and all other documents, instruments and agreements executed and/or delivered in connection therewith, shall remain in full force and effect, and are hereby ratified and confirmed. Except as expressly set forth herein, the execution, delivery and effectiveness of this Consent and Waiver shall not operate as a waiver of any right, power or remedy of the Administrative Agents or the Lenders, nor constitute a waiver of any provision of the Credit Agreement or any other document, instrument or agreement executed and/or delivered in connection therewith.
This Consent and Waiver shall be governed by, and construed in accordance with, the laws of the State of New York. This Consent and Waiver may be executed in any number of counterparts, all of which when taken together shall constitute one and the same instrument and any parties hereto may execute this Consent and Waiver by signing such counterpart.
[Signatures follow]
2
KRAFT FOODS INC. | ||
By: | /s/ Johan Nystedt | |
Name: | Johan Nystedt | |
Title: | Assistant Treasurer | |
JPMORGAN CHASE BANK, N.A., As Administrative Agent and as a Lender | ||
By: | /s/ Tony Yung | |
Name: | Tony Yung | |
Title: | Vice President | |
DEUTSCHE BANK AG NEW YORK BRANCH | ||
By: | /s/ Frederick W. Laird | |
Name: | Frederick W. Laird | |
Title: | Managing Director | |
By: | /s/ Ming K. Chu | |
Name: | Ming K. Chu | |
Title: | Vice President | |
CITIBANK, N.A. | ||
By: | /s/ Carolyn A. Sheridan | |
Name: | Carolyn A. Sheridan | |
Title: | Managing Director and Vice President | |
BNP PARIBAS | ||
By: | /s/ Curtis Price | |
Name: | Curtis Price | |
Title: | Managing Director | |
By: | /s/ Fikret Durmus | |
Name: | Fikret Durmus | |
Title: | Vice President | |
HSBC BANK USA, NATIONAL ASSOCIATION | ||
By: | /s/ Robert J. Devir | |
Name: | Robert J. Devir | |
Title: | Managing Director |
ABN AMRO BANK N.V. | ||
By: | /s/ Michele Costello | |
Name: | Michele Costello | |
Title: | Director | |
By: | /s/ Marc Brondyke | |
Name: | Marc Brondyke | |
Title: | Associate | |
SOCIETE GENERALE | ||
By: | /s/ Carol Radice | |
Name: | Carol Radice | |
Title: | Director | |
COMMERZBANK AG (formerly Dresdner Bank AG acting through its lending office, Dresdner Bank AG, New York Branch) | ||
By: | /s/ Mark McGulgan | |
Name: | Mark McGulgan | |
Title: | Vice President | |
By: | /s/ Joseph Mormak | |
Name: | Joseph Mormak | |
Title: | Vice President | |
BANCO SANTANDER S.A., NEW YORK BRANCH | ||
By: | /s/ Ignacio Campillo | |
Name: | Ignacio Campillo | |
Title: | Managing Director | |
By: | /s/ Harry Moreno | |
Name: | Harry Moreno | |
Title: | Vice President | |
LEHMAN COMMERCIAL PAPER, INC. | ||
By: | /s/ Frank P. Turner | |
Name: | Frank P. Turner | |
Title: | Authorized Signatory |
MIZUHO CORPORATE BANK, LTD. | ||||
By: | /s/ Robert Gallagher | |||
Name: | Robert Gallagher | |||
Title: | Authorized Signatory | |||
INTESA SANPAOLO SpA | ||||
By: | /s/ John J. Michalisin | |||
Name: | John J. Michalisin | |||
Title: | First Vice President | |||
By: | /s/ Franco Di Mario | |||
Name: | Franco Di Mario | |||
Title: | First Vice President & Credit Manager | |||
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH | ||||
By: | /s/ Miguel Lara | |||
Name: | Miguel Lara | |||
Title: | Managing Director | |||
By: | /s/ Alex Mayral | |||
Name: | Alex Mayral | |||
Title: | Vice President | |||
THE BANK OF NEW YORK MELLON | ||||
By: | /s/ John T. Smathers | |||
Name: | John T. Smathers | |||
Title: | First Vice President | |||
DnB NOR BANK ASA | ||||
By: | /s/ Philip F. Kurpiewski | |||
Name: | Philip F. Kurpiewski | |||
Title: | Senior Vice President | |||
By: | /s/ Thomas Tangan | |||
Name: | Thomas Tangan | |||
Title: | Senior Vice President | |||
Head of Corporate Banking |
NATIONAL AUSTRALIA BANK LTD. | ||
By: | /s/ Courtney A. Cloe | |
Name: | Courtney A. Cloe | |
Title: | Director | |
RAIFFEISEN ZENTRALBANK AG | ||
By: | /s/ Daniela Vorbeck | |
Name: | Daniela Vorbeck | |
Title: | Vice President | |
By: | /s/ Bettina Claissen | |
Name: | Bettina Claissen | |
Title: | ||
AgFIRST FARM CREDIT BANK | ||
By: | /s/ Matt Jeffords | |
Name: | Matt Jeffords | |
Title: | Assistant Vice President | |
STATE STREET BANK AND TRUST COMPANY | ||
By: | /s/ Juan G. Sierra | |
Name: | Juan G. Sierra | |
Title: | Vice President | |
STANDARD CHARTERED BANK | ||
By: | /s/ Karen E. Bershtein | |
Name: | Karen E. Bershtein | |
Title: | Director | |
By: | /s/ Robert K. Reddington | |
Name: | Robert K. Reddington | |
Title: | AVP/Credit Documentation, Credit Risk Control |