Amendment No. 1 to the Five Year Credit Agreement

Contract Categories: Business Finance - Credit Agreements
EX-10.H 3 d27245exv10wh.htm AMENDMENT NO. 1 TO THE FIVE YEAR CREDIT AGREEMENT exv10wh
 

         
Exhibit 10h
EXECUTION COPY
AMENDMENT NO. 1 TO THE
FIVE YEAR CREDIT AGREEMENT
     
 
  Dated as of April 29, 2005
          AMENDMENT NO. 1 TO THE FIVE YEAR CREDIT AGREEMENT among RADIOSHACK CORPORATION, a Delaware corporation (the “Borrower”), the banks, financial institutions and other institutional lenders parties to the Credit Agreement referred to below (collectively, the “Lenders”) and CITIBANK, N.A., as agent (the “Agent”) for the Lenders.
          PRELIMINARY STATEMENTS:
          (1) The Borrower, the Lenders and the Agent have entered into a Five Year Credit Agreement dated as of June 16, 2004 (the “Credit Agreement”). Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement.
          (2) The Borrower and the Lenders have agreed to amend the Credit Agreement as hereinafter set forth.
          SECTION 1. Amendment to Credit Agreement. Section 5.02(e) of the Credit Agreement is, effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 2, hereby deleted in full.
          SECTION 2. Conditions of Effectiveness. This Amendment shall become effective as of the date first above written when, and only when the Agent shall have received counterparts of this Amendment executed by the Borrower and the Required Lenders or, as to any of the Lenders, advice satisfactory to the Agent that such Lender has executed this Amendment. This Amendment is subject to the provisions of Section 8.01 of the Credit Agreement.
          SECTION 3. Representations and Warranties of the Borrower. The Borrower represents and warrants as follows:
     (a) The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction indicated in the recital of parties to this Amendment.
     (b) The execution, delivery and performance by the Borrower of this Amendment and the Credit Agreement and the Notes, as amended hereby, are within the Borrower’s corporate powers, have been duly authorized by all necessary corporate action and do not contravene (i) the Borrower’s charter or by-laws or(ii) law or any contractual restriction binding on or affecting the Borrower.
     (c) No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body or any other third party is required

 


 

for the due execution, delivery or performance by the Borrower of this Amendment or the Credit Agreement and the Notes, as amended hereby.
     (d) This Amendment has been duly executed and delivered by the Borrower. This Amendment and the Credit Agreement and the Notes, as amended hereby, are legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms (subject, as the enforcement of remedies, to applicable bankruptcy, reorganization, moratorium and similar laws affecting creditors rights generally).
     (e) There is no pending or threatened action, suit, investigation, litigation or proceeding, including, without limitation, any Environmental Action, affecting the Borrower or any of its Subsidiaries before any court, governmental agency or arbitrator that (i) could be reasonably likely to have a Material Adverse Effect or (ii) purports to affect the legality, validity or enforceability of this Amendment or any of the other Loan Documents, as amended hereby.
          SECTION 4. Reference to and Effect on the Credit Agreement and the Notes. (a) On and after the effectiveness of this 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 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 Amendment.
          (b) The Credit Agreement and the Notes, as specifically amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.
          (c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Agent under the Credit Agreement, nor constitute a waiver of any provision of the Credit Agreement.
          SECTION 5. Costs and Expenses. The Borrower agrees to pay on demand all costs and expenses of the Agent in connection with the preparation, execution, delivery and administration, modification and amendment of this Amendment and the other instruments and documents to be delivered hereunder (including, without limitation, the reasonable fees and expenses of counsel for the Agent) in accordance with the terms of Section 8.04 of the Credit Agreement.
          SECTION 6. Execution in Counterparts. This 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 but one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment.

 


 

          SECTION 7. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.
          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.
  RADIOSHACK CORPORATION
 
 
  By   /s/ David G. Barnes    
    Title: Senior Vice President - Chief   
               Financial Officer  
 
  CITIBANK, N.A.,
     as Agent and as a Lender
 
 
  By   /s/ Judith Green    
    Title: Vice President   
 
  BANK OF AMERICA, N.A.
 
 
  By   /s/ Ross Evans    
    Title: Vice President   
 
  KEYBANK NATIONAL ASSOCIATION
 
 
  By   /s/ Brendan A. Lawlor    
    Title: Senior Vice President   
 
  WACHOVIA BANK, NATIONAL ASSOCIATION
 
 
  By   [Signature Illegible]    
    Title: Director   
 
  SUNTRUST BANK
 
 
  By      
    Title:   
 
  WELLS FARGO BANK, NATIONAL ASSOCIATION
 
 
  By   /s/ Steve Melton    
    Title: Vice President   

 


 

  ROYAL BANK OF CANADA
 
 
  By   /s/ Gordon MacArthur    
    Title: Authorized Signatory   
 
  U.S. BANK NATIONAL ASSOCIATION
 
 
  By   /s/ Gregory Dryden    
    Title: Sr. Vice President   
 
  COMERICA BANK
 
 
  By   /s/ Janet L. Wheeler    
    Title: Assistant Vice President   
 
  CALYON NEW YORK BRANCH
 
 
  By   /s/ Philippe Soustra    
    Title: Senior Vice President   
 
     
  By   /s/ Attila Coach    
    Title: Managing Director   
 
  FIFTH THIRD BANK
 
 
  By   /s/ Mike Mendenhall    
    Title: Corporate Banking Officer   
 
  NATIONAL CITY BANK
 
 
  By      
    Title:   
 
  THE BANK OF NEW YORK
 
 
  By   /s/ Lucille Madden    
    Title: Vice President   

 


 

  BANK OF TEXAS, N.A.
 
 
  By   /s/ Jerry Price    
    Title: Vice President   
 
  HIBERNIA NATIONAL BANK
 
 
  By   /s/ Derek Blount    
    Title: Vice President