FIRST AMENDMENT TO GUARANTEE AND COLLATERALAGREEMENT

Contract Categories: Business Finance - Guarantee Agreements
EX-10.4 8 dex104.htm FIRST AMENDMENT, DATED AS OF SEPTEMBER 28, 2009 First Amendment, dated as of September 28, 2009

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.


2

 

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

 

[SIGNATURE PAGE TO AMENDMENT TO FIRST AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT]


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

SOTHEBY’S 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

 

[SIGNATURE PAGE TO AMENDMENT TO FIRST AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT]


 

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

 

[SIGNATURE PAGE TO AMENDMENT TO FIRST AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT]


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

SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC

WORLD REAL ESTATE MARKETING LLC,

 

By:  

/s/Andrew G. Napurano

 

Name:

  Andrew G. Napurano
 

Title:

  Chief Financial Officer

 

[SIGNATURE PAGE TO AMENDMENT TO FIRST AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT]


CARTUS ASSET RECOVERY CORPORATION

CARTUS PARTNER CORPORATION,

By:  

/s/Eric J. Barnes

 

Name:

  Eric Barnes
 

Title:

  Chief Financial Officer

 

[SIGNATURE PAGE TO AMENDMENT TO FIRST AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT]


FSA MEMBERSHIP SERVICES, LLC,

By:  

/s/Marilyn J. Wasser

 

Name:

  Marilyn J. Wasser
 

Title:

  Executive Vice President

 

[SIGNATURE PAGE TO AMENDMENT TO FIRST AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT]


 

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

COOK—PONY FARM REAL ESTATE, INC.

FLORIDA’S PREFERRED SCHOOL OF REAL ESTATE, INC.

FRED SANDS SCHOOL OF REAL ESTATE

HOME REFERRAL NETWORK LLC

JACK GAUGHEN LLC

J.W. RIKER—NORTHERN 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

 

[SIGNATURE PAGE TO AMENDMENT TO FIRST AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT]


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

 

[SIGNATURE PAGE TO AMENDMENT TO FIRST AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT]


SOTHEBY’S INTERNATIONAL REALTY, INC.

SOTHEBY’S 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

 

[SIGNATURE PAGE TO AMENDMENT TO FIRST AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT]


JPMORGAN CHASE BANK, N.A.,
as Agent
By:  

/s/Neil R. Boylan

 

Name:

  Neil R.Boylan
 

Title:

  Managing Director

 

[SIGNATURE PAGE TO AMENDMENT TO FIRST AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT]