PARTIAL CANCELLATION
Exhibit 10.10
| [BARCLAYS LOGO] | 5 The North Colonnade Canary Wharf London E14 4BB United Kingdom
Tel: +44 (0)20 7623 23 23 |
| To: | NATIONAL CINEMEDIA LLC (the Counterparty”) | |
| Attn: | David Oddo | |
| Fax No: | 0013037928829 | |
| From: | BARCLAYS BANK PLC (LONDON HEAD OFFICE) (“Barclays”) | |
| Date: | May 31, 2012 | |
| Reference: | nyk0d28e0f2 / 3700890B / 2011824 | |
PARTIAL CANCELLATION
Barclays and the Counterparty agree to the partial cancellation of the Interest Rate Swap Transaction detailed below.
Counterparty paid Barclays the sum of USD 10,504,000.00 on April 27, 2012
This Confirmation supplements, and forms a part of, that certain ISDA Master Agreement dated as of February 4, 2010, between Counterparty and Barclays and related Schedule and Confirmation.
| Barclays Account Details: | Correspondent:BARCLAYS BANK PLCC-NEW YORK | |
| BIC:BARCUS33XXX | ||
| Account:050019228 | ||
| Beneficiary:BARCLAYS BANK PLC | ||
| Original Notional Amount: | USD 137,500,000.00 | |
| New Notional Amount: | USD 56,250,000.00 | |
| New Notional Amount Effective Date: | March 13, 2012 | |
| Trade Date: | February 4, 2010 | |
| Effective Date: | December 14, 2009 | |
| Termination Date: | February 13, 2015; subject to adjustment in accordance with the Modified Following Business Day Convention | |
| Fixed Rate Payer: | Counterparty | |
| Floating Rate Payer: | Barclays | |
| Fixed Rate: | 4.984% per annum | |
Barclays offers premier investment banking products and services to its clients through Barclays Bank PLC. Barclays Bank PLC is authorised and regulated by the UK Financial Services Authority and a member of the London Stock Exchange. Barclays Bank PLC is registered in England No. 1026167. Registered Office: 1 Churchill Place, London E14 5HP.
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| Spread | None | |
| Additional Provision: | Notwithstanding the effective date of April 27, 2012 for the cancellation provided for hereby, the parties hereto agree that the Notional Amount of the Transaction canceled hereby is, for calculation purposes, deemed to be canceled on the New Notional Amount Effective Date. | |
Please confirm that the foregoing correctly sets forth all the terms and conditions of our agreement with respect to the Swap Transaction by responding within three (3) Business Days by promptly signing in the space provided below and both (i) faxing the signed copy to Incoming Transaction Documentation, Barclays Global OTC Transaction Documentation & Management, Global Operations, Fax +(1) 212 ###-###-####, Tel +(1) 212 ###-###-####, Email: ***@*** and (ii) mailing the signed copy to Barclays, 3rd Floor, 200 Park Avenue, New York, NY 10166, USA. Attention of Incoming Transaction Documentation, Barclays Global OTC Transaction Documentation & Management, Global Operations.
| For and on behalf of | For and on behalf of | |||
| BARCLAYS BANK PLC | NATIONAL CINEMEDIA, LLC | |||
| By: National CineMedia, Inc. its Manager | ||||
| /s/ Robert Chibowski | /s/ Gary W. Ferrera | |||
| NAME: Robert Chibowski Authorised Signatory Date: 31 May 2012 | NAME: Gary W. Ferrera Authorised Signatory Date: May 31, 2012 | |||
May 31, 2012
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