EX-10.1 SIXTH AMEND. TO THE RECEIVABLE SALE AGMNT

EX-10.1 3 b48095piexv10w1.txt EX-10.1 SIXTH AMEND. TO THE RECEIVABLE SALE AGMNT Exhibit 10.1 SIXTH AMENDMENT Dated as of September 23, 2003 to RECEIVABLES SALE AGREEMENT Dated as of December 21, 2001 THIS SIXTH AMENDMENT (the "Amendment"), dated as of September 23, 2003, is entered into among PerkinElmer Receivables Company, as Seller (the "Seller"), PerkinElmer, Inc., as Initial Collection Agent (the "Initial Collection Agent," and together with any successor thereto, the "Collection Agent"), the committed purchasers party thereto (the "Committed Purchasers"), Windmill Funding Corporation ("Windmill"), and ABN AMRO Bank N.V., as agent for the Purchasers (the "Agent") WITNESSETH: WHEREAS, the Seller, the Initial Collection Agent, the Agent, the Committed Purchasers and Windmill have heretofore executed and delivered a Receivables Sale Agreement, dated as of December 21, 2001 (as amended, supplemented or otherwise modified through the date hereof, the "Sale Agreement"), WHEREAS, the parties hereto desire to amend the Sale Agreement as provided herein: NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby agree that the Sale Agreement shall be and is hereby amended as follows: Section 1. Subject to the following terms and conditions, including without limitation the conditions precedent set forth in Section 2, upon execution by the parties hereto in the space provided for that purpose below, the Sale Agreement shall be, and is hereby, amended as follows: (a) The defined term "Aggregate Commitment" appearing in Schedule I to the Sale Agreement is hereby amended in its entirety and as so amended shall read as follows: "Aggregate Commitment" means $66,300,000, as such amount may be reduced pursuant to Section 1.6. (b) The defined term "Delinquent Receivable" appearing in Schedule I to the Sale Agreement is hereby amended in its entirety and as so amended shall read as follows: "Delinquent Receivable" means any Receivable (other than a Charge-Off) on which any amount is unpaid more than 91 days past its original due date. (c) The defined term "Originators" appearing in Schedule I to the Sale Agreement is hereby amended in its entirety and as so amended shall read as follows: "Originators" means PerkinElmer, Inc., PerkinElmer Holdings, Inc., PerkinElmer LAS, Inc., PerkinElmer Optoelectronics NC, Inc., PerkinElmer Optoelectronics SC, Inc., PerkinElmer Canada, Inc., Applied Surface Technology, Inc. and PerkinElmer Automotive Research, Inc. (d) The defined term "Purchase Limit" appearing in Schedule I to the Sale Agreement is hereby amended in its entirety and as so amended shall read as follows: "Purchase Limit" means $65,000,000. (e) Exhibit D to the Sale Agreement is hereby amended in its entirety to be and to read as set forth as Exhibit D to this Amendment. (f) Exhibit E to the Sale Agreement is hereby amended in its entirety to be and to read as set forth as Exhibit E to this Amendment. Section 2. Section 1 of this Agreement shall become effective only once the Agent has received, in form and substance satisfactory to the Agent, all instruments and other documents required, or deemed desirable by the Agent. Section 3. The parties hereto consent to the execution and delivery of that certain Second Amendment to Purchase and Sale Agreement by the parties thereto. Section 4.1. To induce the Agent and the Purchasers to enter into this Amendment, the Seller and Initial Collection Agent represent and warrant to the Agent and the Purchasers that: (a) the representations and warranties contained in the Transaction Documents, are true and correct in all material respects as of the date hereof with the same effect as though made on the date hereof (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date); (b) no Potential Termination Event exists; (c) this Amendment has been duly authorized by all necessary corporate proceedings and duly executed and delivered by each of the Seller and the Initial Collection Agent, and the Sale Agreement, as amended by this Amendment, and each of the other Transaction Documents are the legal, valid and binding obligations of the Seller and the Initial Collection Agent, enforceable against the Seller and the Initial Collection Agent in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity; and (d) no consent, approval, authorization, order, registration or qualification with any governmental authority is required for, and in the absence of which would adversely effect, the legal and valid execution and delivery or performance by the Seller or the Initial Collection Agent of this Amendment or the performance by the Seller or the Initial Collection Agent of the -2- Sale Agreement, as amended by this Amendment, or any other Transaction Document to which they are a party. Section 4.2. This Amendment may be executed in any number of counterparts and by the different parties on separate counterparts and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment. Section 4.3. Except as specifically provided above, the Sale Agreement and the other Transaction Documents shall remain in full force and effect and are hereby ratified and confirmed in all respects. The execution, delivery, and effectiveness of this Amendment shall not operate as a waiver of any right, power, or remedy of any Agent or any Purchaser under the Sale Agreement or any of the other Transaction Documents, nor constitute a waiver or modification of any provision of any of the other Transaction Documents. All defined terms used herein and not defined herein shall have the same meaning herein as in the Sale Agreement. The Seller agrees to pay on demand all costs and expenses (including reasonable fees and expenses of counsel) of or incurred by the Agent and each Purchaser Agent in connection with the negotiation, preparation, execution and delivery of this Amendment. Section 4.4. This Amendment and the rights and obligations of the parties hereunder shall be construed in accordance with and be governed by the law of the State of Illinois. -3- IN WITNESS WHEREOF, the parties have caused this Amendment to be executed and delivered by their duly authorized officers as of the date first above written. ABN AMRO BANK N.V., as the Agent, as the Committed Purchaser By: /s/ Patricia M. Luken ------------------------------------ Title: Group Vice President --------------------------------- By: /s/ Thomas J. Educate ------------------------------------ Title: Senior Vice President --------------------------------- WINDMILL FUNDING CORPORATION By: ------------------------------------ Title: --------------------------------- PERKINELMER RECEIVABLES COMPANY By: ------------------------------------ Title: --------------------------------- PERKINELMER, INC. By: ------------------------------------ Title: --------------------------------- -4- IN WITNESS WHEREOF, the parties have caused this Amendment to be executed and delivered by their duly authorized officers as of the date first above written. ABN AMRO BANK N.V., as the Agent, as the Committed Purchaser By: ------------------------------------ Title: --------------------------------- By: ------------------------------------ Title: --------------------------------- WINDMILL FUNDING CORPORATION By: /s/ Bernard J. Angelo ------------------------------------ Title: Vice President --------------------------------- PERKINELMER RECEIVABLES COMPANY By: ------------------------------------ Title: --------------------------------- PERKINELMER, INC. By: ------------------------------------ Title: --------------------------------- -4- IN WITNESS WHEREOF, the parties have caused this Amendment to be executed and delivered by their duly authorized officers as of the date first above written. ABN AMRO BANK N.V., as the Agent, as the Committed Purchaser By: ------------------------------------ Title: --------------------------------- By: ------------------------------------ Title: --------------------------------- WINDMILL FUNDING CORPORATION By: ------------------------------------ Title: --------------------------------- PERKINELMER RECEIVABLES COMPANY By: /s/ David C. Francisco ------------------------------------ Title: Assistant Treasurer --------------------------------- PERKINELMER, INC. By: /s/ John L. Healy ------------------------------------ Title: Assistant Clerk --------------------------------- -4- GUARANTOR'S ACKNOWLEDGMENT AND CONSENT The undersigned, PerkinElmer, Inc., has heretofore executed and delivered the Limited Guaranty dated as of December 21, 2001 (the "Guaranty") and hereby consents to the Amendment to the Sale Agreement as set forth above and confirms that the Guaranty and all of the undersigned's obligations thereunder remain in full force and effect. The undersigned further agrees that the consent of the undersigned to any further amendments to the Sale Agreement shall not be required as a result of this consent having been obtained, except to the extent, if any, required by the Guaranty referred to above. PERKINELMER, INC. By: /s/ Robert F. Friel ------------------------------------ Title: Senior Vice President --------------------------------- EXHIBIT D TO RECEIVABLE SALE AGREEMENT ADDRESSES AND NAMES OF SELLER AND ORIGINATORS SELLER PerkinElmer Receivables Company (Delaware Corp.) 45 William Street Wellesley, MA 02481 TIN: 02-0532022 ORIGINATORS (LISTED BY BUSINESS UNIT) PERKINELMER LIFE AND ANALYTICAL SCIENCES Legal Entity: PerkinElmer LAS, Inc. (Delaware Corp.) 549 Albany Street Boston, MA 02118 TIN: 04 ###-###-#### for locations at: PerkinElmer LAS 710 Bridgeport Avenue Shelton, CT 06484 PERKINELMER OPTOELECTRONICS Legal Entities: PerkinElmer Optoelectronics NC, Inc. (Delaware Corp.) 44370 Christy Street Fremont, CA 94538 TIN: 94-1655721 formerly located at: 399 West Java Drive Sunnyvale, CA 94089 PerkinElmer Optoelectronics SC, Inc. (Delaware Corp.) 1300 Optical Drive Azusa, CA 91702 TIN: 95 ###-###-#### PerkinElmer, Inc. (Massachusetts Corp.) 45 William Street Wellesley, MA 02481 TIN: 04 ###-###-#### for locations at: PerkinElmer Optoelectronics 1330 East Cypress Street Covina, CA 91724 PerkinElmer Optoelectronics 35 Congress Street Salem, MA 01970 PerkinElmer Optoelectronics 13720 Shoreline Court East Earth City, MO 63045 PerkinElmer Optoelectronics 1 Mound Road, Bldg. 63 Miamisburg, OH 45342 PerkinElmer Holdings, Inc. (Massachusetts Corp.) 45 William Street Wellesley, MA 02481 TIN: 04 ###-###-#### for locations at: PerkinElmer Optoelectronics 2175 Mission College Blvd. Santa Clara, CA 95054 PERKINELMER FLUID SCIENCES Legal Entities: Applied Surface Technology, Inc. (California Corp.) 831 Bransten Road San Carlos, CA 94070 TIN: 94 -3215818 PerkinElmer Automotive Research, Inc. (Texas Corp.) 5404 Bandera Road San Antonio, TX 78238 TIN: 74-1608528 -2- PerkinElmer, Inc. (Massachusetts Corp.) 45 William Street Wellesley, MA 02481 TIN: 04 ###-###-#### For locations at: PerkinElmer Fluid Sciences 11642 Old Baltimore Pike Beltsville, MD 20705 PerkinElmer Fluid Sciences 305 Fentress Blvd. Daytona Beach, FL 32114 PerkinElmer Fluid Sciences 1920 Route 96 Phelps, NY 14532 PerkinElmer Fluid Sciences 15 Pioneer Avenue Warwick, RI 02888 FOREIGN PerkinElmer Canada Inc. (Federal Corp.) c/o Gowlings Lafleur Henderson LLP Suite 5800, Scotia Plaza 40 King Street West Toronto, Ontario Canada M5H 3Z7 (Registered Office c/o local counsel) Company Reg. No. 1151668 Principal business location: 22001 Dumberry Road Vaudreuil, Quebec Canada J7V 8P7 -3- EXHIBIT E LOCK BOXES AND LOCK-BOX BANKS - -------------------------------------------------------------------------------- PERKINELMER LAS, INC. (DELAWARE COROPORATION) - -------------------------------------------------------------------------------- 710 Bridgeport Ave Shelton, CT 06484 - ---------------------------------------- Wachovia Bank, N.A. PerkinElmer LAS Shelton Account Number: 2079900120996 Lockbox Numbers: 101668, 101645 549 Albany Street Boston, MA 02118 - ---------------------------------------- Wachovia Bank, N.A. Account Name: PerkinElmer LAS Boston Account Number: 2079900123980 Lockbox Number: Transferred to Shelton 3985 Eastern Road Akron, OH 44203 - ---------------------------------------- Wachovia Bank, N.A. Northern Trust Bank Account Name: PerkinElmer LAS Akron Account Name: PerkinElmer, Inc. Account Number: 2079900120938 Account Number: 78069 Lockbox Number: 751716 Lockbox Number: 91428 Lockbox is in the name of PKI Life 2200 Warrenville Road Sciences, Inc. Akron Downers Grove, IL 60515 - ---------------------------------------- Wachovia Bank, N.A. Account Name: PerkinElmer LAS Downers Grove Account Number: 2079900121678 Lockbox Number: 951714 - -------------------------------------------------------------------------------- PERKINELMER OPTOELECTRONICS NC, INC. (DELAWARE CORPORATION) - -------------------------------------------------------------------------------- 44370 Christy Street Fremont, CA 94538 - ---------------------------------------- Wachovia Bank. N.A. Bank of America - ---------------------------------------- Account Name: PerkinElmer Optoelectronics Account Name: PerkinElmer ILC Optoelectronics ILC Account Number: 2079900120860 Account Number: 3751035910 Lockbox Number: 951513 Lockbox Number: 842201 - -------------------------------------------------------------------------------- PERKINELMER OPTOELECTRONICS SC, INC. (DELAWARE CORPORATION) - -------------------------------------------------------------------------------- 1300 Optical Drive Azusa, CA 91702 - ---------------------------------------- Wachovia Bank, N.A. Bank of America Account Name: PerkinElmer Account Name: PerkinElmer Optoelectronics Optoelectronics ORC Electronic Products ORC Electronic Products Account Number: 2079900120873 Account Number: 1295027982 Lockbox Number: 951509 Lockbox Number: 840955 Wachovia Bank, N .A. Bank of America Account Name: PerkinElmer Account Name: PerkinElmer Optoelectronics Optoelectronics ORC Lighting ORC Lighting Account Number: 2079900120925 Account Number: 1295027990 Lockbox Number: 951503 Lockbox Number: 840958 Wachovia Bank, N .A. Bank of America Account Name: PerkinElmer Account Name: PerkinElmer Optoelectronics Optoelectronics Electroformed ORC Electroformed Account Number: 2079900121018 Account Number: 1295028006 Lockbox Number: 951506 Lockbox Number: 840959 - -------------------------------------------------------------------------------- PERKINELMER HOLDINGS, INC. - -------------------------------------------------------------------------------- 2175 Mission College Blvd. Santa Clara, CA 95054 - ------------------------------------------- Wachovia Bank, N.A. Northern Trust Bank Account Name: PerkinElmer Account Name: PerkinElmer, Inc. Optoelectronics Reticon Account Number: 78069 Account Number: 2079900120912 Lockbox Number: 75160 Lockbox Number: 101122 Lockbox is in the name of PKI Optoelectronics Reticon Wachovia Bank, N.A. Northern Trust Bank Account Name: PerkinElmer Optoelectronics Account Name: PerkinElmer, Inc. Amorphous Silicon Account Number: 78069 Account Number: 2079900120941 Lockbox Number: 92863 Lockbox Number: 101103 Lockbox is in the name of PKI Optoelectronics -2- Amorphous Silicon - -------------------------------------------------------------------------------- APPLIED SURFACE TECHNOLOGY - -------------------------------------------------------------------------------- 831 Bransten Road San Carlos, CA 94070 - -------------------------------------------- Wachovia Bank, N.A. Account Name: Applied Surface Technology Account Number: 2079900436156 Lockbox Number: 101828 - -------------------------------------------------------------------------------- PERKINELMER AUTOMOTIVE RESEARCH, INC. - -------------------------------------------------------------------------------- 5404 Bandera Road San Antonio, TX 78238 - -------------------------------------------- Wachovia Bank, N.A. Account Name: PerkinElmer Automotive Research, Inc. Account Number: 2079900120831 Lockbox Number: 101017 - -------------------------------------------- - -------------------------------------------------------------------------------- PERKINELMER, INC. - -------------------------------------------------------------------------------- 1330 E. Cypress St. Covina, CA 91724 - -------------------------------------------- Wachovia Bank, N.A. Account Name: PerkinElmer Optoelectronics Power Systems Account Number: 2079900121005 Lockbox Number: 101653 35 Congress Street Salem, MA 01979 - -------------------------------------------- Wachovia Bank, N.A. Northern Trust Bank Account Name: PerkinElmer Optoelectronics Account Name: PerkinElmer, Inc. Salem Account Number: 78069 Account Number: 2079900120954 Lockbox Number: 92813 Lockbox Number: 751109 Lockbox is in the name of PKI Optoelectronics Salem Wachovia Bank, N.A Northern Trust Bank -3- Account Name: PerkinElmer Optoelectronics Account Name: PerkinElmer, Inc. Heimann (Miamisburg) Account Number: 78069 Account Number: 2079900121021 Lockbox Number: 74696 Lockbox Number: 751125 Lockbox is in the name of PKI Optoelectronics Heimann (Miamisburg) 10900 Page Blvd. St. Louis, MO 63132 - -------------------------------------------- Wachovia Bank, N.A. Northern Trust Bank Account Name: PerkinElmer Optoelectronics Account Name: PerkinElmer, Inc. St. Louis Account Number: 78069 Account Number: 2079900120886 Lockbox Number: 75374 Lockbox Number: 951516 Lockbox is in the name of PKI Optoelectronics St. Louis 305 Fentress Blvd. Daytona Beach, FL 32114 - -------------------------------------------- Wachovia Bank, N.A. Account Name: PerkinElmer Fluid Sciences Belfab Account Number: 2079900120899 Lockbox Number: 101039 11642 Old Baltimore Pike Beltsville, MD - -------------------------------------------- Wachovia Bank, N.A. Account Name: PerkinElmer Fluid Sciences Beltsville Account Number: 2079900120844 Lockbox Number: 101716 1920 Route 96 Phelps, NY 14532 - -------------------------------------------- Wachovia Bank, N.A. Northern Trust Bank Account Name: PerkinElmer Fluid Sciences Account Name: PerkinElmer, Inc. Phelps Account Number: 78069 Account Number: 2079900120909 Lockbox Number: 75104 Lockbox Number: 101040 Lockbox is in the name of PerkinElmer Fluid Sciences Phelps 15 Pioneer Ave Warwick, RI 02888 - -------------------------------------------- -4- - ----------------------------------------- Wachovia Bank, N.A. Northern Trust Bank Account Name: PerkinElmer Fluid Sciences Account Name: PerkinElmer, Inc. Warwick Account Number: 78069 Account Number: 2079900128684 Lockbox Number: 75016 Lockbox Number: 101723 Lockbox is in the name of PerkinElmer Fluid Sciences Warwick - ----------------------------------------- - -------------------------------------------------------------------------------- FOREIGN - -------------------------------------------------------------------------------- PerkinElmer Canada Inc. (Federal Corp.) c/o Gowlings Lafleur Henderson LLP Suite 5800, Scotia Plaza 40 King Street West Toronto, Ontario Canada M5H 3Z7 (Registered Office c/o local counsel) - ----------------------------------------- Principal business location Royal Bank of Canada 22001 Dumberry Road Account Name: PerkinElmer Canada, Inc. Vaudreuil, Quebec 129788 6 Canada J7V 8P7 CON Lockbox - ----------------------------------------- -5-