FIRST AMENDMENT TO GUARANTEE AND COLLATERALAGREEMENT
Exhibit 10.4
EXECUTION VERSION
FIRST AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT
FIRST AMENDMENT, dated as of September 28, 2009 (this Amendment), to the Guarantee and Collateral Agreement, dated as of April 10, 2007 (the Collateral Agreement), by and among Domus Intermediate Holdings Corp., a Delaware corporation (Holdings), Realogy Corporation, a Delaware corporation (the Borrower), the subsidiaries of the Borrower signatory thereto (together with the Borrower and Holdings, collectively, the Grantors) and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the Agent).
W I T N E S S E T H:
WHEREAS, in connection with the execution and delivery of the Existing Credit Agreement, dated as of April 10, 2007 (as supplemented by the Incremental Assumption Agreement (defined below) and as otherwise heretofore amended, supplemented or modified, the Existing Credit Agreement; capitalized terms not otherwise defined herein shall be used herein as therein defined), among Holdings, the Borrower, each of the financial institutions from time to time party thereto (the Lenders), the Agent, the Syndication Agent and the Documentation Agents, the Grantors and the Agent executed the Collateral Agreement;
WHEREAS, concurrently herewith, the Grantors are entering into the Incremental Assumption Agreement, dated as of the date hereof (as amended, supplemented or otherwise modified from time to time, the Incremental Assumption Agreement), among the Grantors, each of the financial institutions from time to time party thereto (the Second Lien Term Lenders), the Agent and the Second Lien Collateral Agent (as defined in the Incremental Assumption Agreement), which supplements the Existing Credit Agreement; and
WHEREAS, it is a condition precedent to the effectiveness of the Incremental Assumption Agreement that the Grantors shall have executed and delivered this Amendment;
NOW, THEREFORE, the parties hereto hereby agree as follows:
SECTION 1. Defined Terms. As used in this Amendment, terms otherwise defined herein shall have the respective meanings specified for them and the following terms shall have the meanings specified below:
First Priority Obligations: as defined in the Intercreditor Agreement.
Intercreditor Agreement: the Intercreditor Agreement, dated as of the date hereof, as amended, supplemented or otherwise modified from time to time, among Holdings, the Borrower, each subsidiary of the Borrower signatory thereto, the Agent and Wilmington Trust Company, as second lien collateral agent.
Second Priority Obligations: as defined in the Intercreditor Agreement.
SECTION 2. Amendment to the Collateral Agreement. In order to give effect to the effective subordination of the security interests and other Liens securing the Second Priority Obligations to the security interests and other Liens securing the First Priority Obligations, as described in the Intercreditor Agreement, the Collateral Agreement is hereby amended (to the extent appropriate to effectuate such priority of such Liens) such that (a) references to Borrower Obligations, Guarantor Obligations, Lenders, Loans and Loan Obligations shall be to such terms solely with respect to the First Priority Obligations and (b) references to the Administrative Agent shall be to the Administrative Agent as collateral agent solely for the First Lien Lenders.
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SECTION 3. First Priority Obligations. The parties hereto hereby acknowledge and agree that notwithstanding any other provisions of the Collateral Agreement to the contrary, the Collateral Agreement constitutes a grant and pledge of the Collateral of, and a guarantee by, each Grantor solely with respect to the First Priority Obligations.
SECTION 4. Conditions to Effectiveness of Amendment. This Amendment shall be effective on the date on which the Agent (or its counsel) shall have received a counterpart of this Amendment, executed and delivered by a duly authorized officer of each of the Grantors (the Effective Date).
SECTION 5. Effect on the Loan Documents. (a) Except as specifically amended above, the Collateral Agreement and all other Loan Documents shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.
(b) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any First Lien Lender or the Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.
SECTION 6. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
SECTION 7. Execution in Counterparts. This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts, including by means of facsimile or electronic transmission, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective proper and duly authorized officers as of the day and year first above written.
DOMUS INTERMEDIATE HOLDINGS CORP., | ||||
By: | /s/Anthony E. Hull | |||
Name: | Anthony E. Hull | |||
Title: | Chief Financial Officer | |||
REALOGY CORPORATION, | ||||
By: | /s/Anthony E. Hull | |||
Name: | Anthony E. Hull | |||
Title: | Chief Financial Officer |
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C21 TM LLC | ||
CARTUS CORPORATION | ||
CB TM LLC | ||
CDRE TM LLC | ||
ERA TM LLC | ||
NRT INSURANCE AGENCY, INC. | ||
REALOGY OPERATIONS LLC | ||
REALOGY SERVICES GROUP LLC | ||
REALOGY SERVICES VENTURE PARTNER LLC | ||
SOTHEBYS INTERNATIONAL REALTY LICENSEE LLC, |
By: | /s/Anthony E. Hull | |||
Name: | Anthony E. Hull | |||
Title: | Chief Financial Officer | |||
FEDSTATE STRATEGIC CONSULTING, INCORPORATED, | ||||
By: | /s/Anthony E. Hull | |||
Name: | Anthony E. Hull | |||
Title: | Executive Vice President & Treasurer |
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AMERICAN TITLE COMPANY OF HOUSTON |
ATCOH HOLDING COMPANY |
BURNET TITLE LLC |
BURNET TITLE HOLDING LLC |
BURROW ESCROW SERVICES, INC. |
CORNERSTONE TITLE COMPANY |
EQUITY TITLE COMPANY |
EQUITY TITLE MESSENGER SERVICE HOLDING LLC |
FIRST CALIFORNIA ESCROW CORPORATION |
FRANCHISE SETTLEMENT SERVICES LLC |
GUARDIAN HOLDING COMPANY |
GUARDIAN TITLE AGENCY, LLC |
GUARDIAN TITLE COMPANY |
GULF SOUTH SETTLEMENT SERVICES, LLC |
KEYSTONE CLOSING SERVICES LLC |
MARKET STREET SETTLEMENT GROUP LLC |
MID-ATLANTIC SETTLEMENT SERVICES LLC |
NATIONAL COORDINATION ALLIANCE LLC |
NRT SETTLEMENT SERVICES OF MISSOURI LLC |
NRT SETTLEMENT SERVICES OF TEXAS LLC |
PROCESSING SOLUTIONS LLC |
SECURED LAND TRANSFERS LLC |
SOUTH LAND TITLE CO., INC. |
ST. JOE TITLE SERVICES LLC |
TAW HOLDING INC. |
TEXAS AMERICAN TITLE COMPANY |
TITLE RESOURCE GROUP AFFILIATES HOLDINGS LLC |
TITLE RESOURCE GROUP HOLDINGS LLC |
TITLE RESOURCE GROUP LLC |
TITLE RESOURCE GROUP SERVICES LLC |
TITLE RESOURCES INCORPORATED |
TRG SERVICES, ESCROW, INC. |
TRG SETTLEMENT SERVICES, LLP |
WEST COAST ESCROW COMPANY, |
By: | /s/Thomas N. Rispoli | |||
Name: | Thomas N. Rispoli | |||
Title: | Chief Financial Officer |
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BETTER HOMES AND GARDENS REAL ESTATE LLC |
BETTER HOMES AND GARDENS REAL ESTATE LICENSEE LLC |
CENTURY 21 REAL ESTATE LLC |
CGRN, INC. |
COLDWELL BANKER LLC |
COLDWELL BANKER REAL ESTATE LLC |
ERA FRANCHISE SYSTEMS LLC |
ERA GENERAL AGENCY OF NEW JERSEY, INC. |
GLOBAL CLIENT SOLUTIONS LLC |
ONCOR INTERNATIONAL LLC |
REALOGY FRANCHISE GROUP LLC |
REALOGY GLOBAL SERVICES LLC |
REALOGY LICENSING LLC |
SOTHEBYS INTERNATIONAL REALTY AFFILIATES LLC |
WORLD REAL ESTATE MARKETING LLC, |
By: | /s/Andrew G. Napurano | |||
Name: | Andrew G. Napurano | |||
Title: | Chief Financial Officer |
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CARTUS ASSET RECOVERY CORPORATION | ||||
CARTUS PARTNER CORPORATION, | ||||
By: | /s/Eric J. Barnes | |||
Name: | Eric Barnes | |||
Title: | Chief Financial Officer |
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FSA MEMBERSHIP SERVICES, LLC, | ||||
By: | /s/Marilyn J. Wasser | |||
Name: | Marilyn J. Wasser | |||
Title: | Executive Vice President |
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ALPHA REFERRAL NETWORK LLC |
ASSOCIATED CLIENT REFERRAL LLC |
ASSOCIATES INVESTMENTS |
ASSOCIATES REALTY NETWORK |
ASSOCIATES REALTY, INC. |
BATJAC REAL ESTATE CORP. |
BURGDORFF LLC |
BURGDORFF REFERRAL ASSOCIATES LLC |
BURNET REALTY LLC |
CAREER DEVELOPMENT CENTER, LLC |
COLDWELL BANKER COMMERCIAL PACIFIC PROPERTIES LLC |
COLDWELL BANKER PACIFIC PROPERTIES LLC |
COLDWELL BANKER REAL ESTATE SERVICES LLC |
COLDWELL BANKER RESIDENTIAL BROKERAGE COMPANY |
COLDWELL BANKER RESIDENTIAL BROKERAGE LLC |
COLDWELL BANKER RESIDENTIAL REAL ESTATE LLC |
COLDWELL BANKER RESIDENTIAL REAL ESTATE SERVICES OF WISCONSIN, INC. |
COLDWELL BANKER RESIDENTIAL REFERRAL NETWORK |
COLDWELL BANKER RESIDENTIAL REFERRAL NETWORK, INC. |
COLORADO COMMERCIAL, LLC |
COOKPONY FARM REAL ESTATE, INC. |
FLORIDAS PREFERRED SCHOOL OF REAL ESTATE, INC. |
FRED SANDS SCHOOL OF REAL ESTATE |
HOME REFERRAL NETWORK LLC |
JACK GAUGHEN LLC |
J.W. RIKERNORTHERN R.I., INC. |
NRT ARIZONA LLC |
NRT ARIZONA COMMERCIAL LLC |
NRT ARIZONA EXITO LLC, |
By: | /s/Kevin R. Greene | |||
Name: | Kevin R. Greene | |||
Title: | Chief Financial Officer |
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NRT ARIZONA REFERRAL LLC |
NRT COLORADO LLC |
NRT COLUMBUS LLC |
NRT COMMERCIAL LLC |
NRT COMMERCIAL OHIO INCORPORATED |
NRT COMMERCIAL UTAH LLC |
NRT DEVONSHIRE LLC |
NRT HAWAII REFERRAL, LLC |
NRT LLC |
NRT MID-ATLANTIC LLC |
NRT MISSOURI LLC |
NRT MISSOURI REFERRAL NETWORK LLC |
NRT NEW ENGLAND LLC |
NRT NEW YORK LLC |
NRT NORTHFORK LLC |
NRT PITTSBURGH LLC |
NRT RELOCATION LLC |
NRT REOEXPERTS LLC |
NRT SUNSHINE INC. |
NRT TEXAS LLC |
NRT TEXAS REAL ESTATE SERVICES LLC |
NRT THE CONDO STORE LLC |
NRT UTAH LLC |
PACESETTER NEVADA, INC. |
PACIFIC PROPERTIES REFERRALS, INC. |
REAL ESTATE REFERRAL LLC |
REAL ESTATE REFERRAL NETWORK LLC |
REAL ESTATE REFERRALS LLC |
REAL ESTATE SERVICES LLC |
REAL ESTATE SERVICES OF PENNSYLVANIA LLC |
REFERRAL ASSOCIATES OF FLORIDA LLC |
REFERRAL ASSOCIATES OF NEW ENGLAND LLC |
REFERRAL NETWORK LLC |
REFERRAL NETWORK, LLC |
REFERRAL NETWORK PLUS, INC., |
By: | /s/Kevin R. Greene | |||
Name: | Kevin R. Greene | |||
Title: | Chief Financial Officer |
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SOTHEBYS INTERNATIONAL REALTY, INC. |
SOTHEBYS INTERNATIONAL REALTY REFERRAL COMPANY, LLC |
ST. JOE REAL ESTATE SERVICES, INC. |
THE CORCORAN GROUP EASTSIDE, INC. |
THE MILLER GROUP, INC. |
THE SUNSHINE GROUP (FLORIDA) LTD. CORP. |
THE SUNSHINE GROUP, LTD. |
VALLEY OF CALIFORNIA, INC., |
By: | /s/Kevin R. Greene | |||
Name: | Kevin R. Greene | |||
Title: | Chief Financial Officer |
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JPMORGAN CHASE BANK, N.A., | ||||
as Agent | ||||
By: | /s/Neil R. Boylan | |||
Name: | Neil R.Boylan | |||
Title: | Managing Director |
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