Amendment No. 1 to Credit Agreement among Rockwood Specialties Group, Inc., Rockwood Specialties Limited, and Lenders

Summary

This amendment, dated September 29, 2003, modifies the Credit Agreement originally signed on July 23, 2003, between Rockwood Specialties Group, Inc., Rockwood Specialties Limited, their parent companies, and a group of lenders. The amendment updates certain definitions, reporting requirements, and deadlines, and authorizes the administrative agent to make related changes to a UK Guarantee. The parties confirm that all other terms of the original agreement remain in effect, and the amendment becomes effective once all required signatures and payments are received.

EX-10.22 59 a2118869zex-10_22.htm EXHIBIT 10.22
QuickLinks -- Click here to rapidly navigate through this document


Exhibit 10.22

Execution Copy

        AMENDMENT No. 1 dated as of September 29, 2003 (this "Amendment"), to the Credit Agreement dated as of July 23, 2003 (the "Credit Agreement"), among ROCKWOOD SPECIALTIES GROUP, INC., a Delaware corporation (the "US Borrower"), ROCKWOOD SPECIALTIES LIMITED, a company incorporated under the laws of England and Wales (the "UK Borrower" and, together with the US Borrower, the "Borrowers"), ROCKWOOD SPECIALTIES INTERNATIONAL, INC., a Delaware corporation ("Holdings"), ROCKWOOD SPECIALTIES CONSOLIDATED, INC., a Delaware corporation ("PIK Holdco"), ROCKWOOD HOLDINGS, INC., a Delaware corporation ("Parent" and, together with PIK Holdco, the "Parent Companies"), the lenders from time to time parties thereto (the "Lenders"), JPMORGAN CHASE BANK, as Administrative Agent (in such capacity, the "Administrative Agent"), MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, as Syndication Agent, and GOLDMAN SACHS CREDIT PARTNERS L.P. and GENERAL ELECTRIC CAPITAL CORPORATION, as Co-Documentation Agents.

        A. Pursuant to the Credit Agreement, the Lenders have extended, and have agreed to extend, credit to the Borrowers.

        B. The Borrowers have requested that the Lenders agree to amend certain provisions of the Credit Agreement as set forth herein.

        C. The undersigned Lenders are willing so to amend such provisions of the Credit Agreement pursuant to the terms and subject to the conditions set forth herein.

        D. Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement.

        E. Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto hereby agree as follows:

        SECTION 1.    Amendment to Section 1.1.    The definition of the term "Consolidated Interest Expense" in Section 1.1 of the Credit Agreement is hereby amended by deleting the text "Holdings," immediately after the phrase "outstanding Indebtedness of" in clause (x) thereof.

        SECTION 2.    Amendment to Section 9.15(c).    Section 9.15(c) of the Credit Agreement is hereby amended by deleting the text "September 30, 2003" in the parenthetical in the preamble thereof and replacing it with the text "November 30, 2003".

        SECTION 3.    Amendment to Section 9.18(b).    Section 9.18(b) of the Credit Agreement is hereby amended by deleting the text "September 30, 2003" in the second line thereof and replacing it with the text "November 30, 2003".

        SECTION 4.    Amendment to Section 9.1.    (a) Section 9.1(a) of the Credit Agreement is hereby amended by (i) deleting the text "Holdings," in clause (i) thereof, (ii) deleting the word "Holdings" at the beginning of clause (ii) thereof and substituting the words "the US Borrower" therefor, (iii) the deleting the text "Holdings," immediately following the text "to the status of" in clause (ii) thereof and (iv) deleting the text "Holdings," immediately following the text "audit of the business of" in clause (ii) thereof.

        (b) Section 9.1(b) of the Credit Agreement is hereby amended by (i) deleting the word "Holdings" immediately following the text "first three quarterly accounting periods in each fiscal year of" and substituting the words "the US Borrower" therefor, (ii) deleting the text "Holdings," in clause (i) thereof and (iii) deleting the word "Holdings" at the beginning of clause (ii) thereof and substituting the words "the US Borrower" therefor.



        (c) Section 9.1(c) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

            "(c) Budgets. Within 60 days after the commencement of each fiscal year of the US Borrower, consolidated budgets of each of the US Borrower, the US Borrower and its Restricted Subsidiaries, the UK Borrower and the UK Borrower and its Restricted Subsidiaries in reasonable detail for the fiscal year as customarily prepared by management of the US Borrower and the UK Borrower for their internal use, setting forth the principal assumptions upon which such budgets are based."

        (d) Section 9.1(d) of the Credit Agreement is hereby amended by deleting the text "Holdings," in clause (i) thereof.

        SECTION 5.    Acknowledgement of Deletion.    Each of the Lenders and the parties hereto (a) acknowledge that Section 2(b) of the UK Guarantee dated as of July 23, 2003, made among the US Borrower and each of the subsidiaries of UK Borrower listed on Annex A thereto or that becomes a party thereto pursuant to Section 19 thereof, and JPMorgan Chase Bank, as administrative agent for the lenders to the UK Borrower from time to time parties to the Credit Agreement shall be deleted and (b) hereby authorize the Administrative Agent to execute such amendments or supplements thereto, in form and substance reasonably satisfactory to the Administrative Agent, to effect such deletion.

        SECTION 6.    Representations and Warranties.    Each of the Parent Companies, Holdings and the Borrowers represents and warrants to the Administrative Agent and the other Lenders that:

        (a) This Amendment has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors' rights generally and subject to general principles of equity;

        (b) After giving effect to this Amendment, all representations and warranties made by any Credit Party contained in the Credit Agreement or in the other Credit Documents are true and correct in all material respects on and as of the date hereof with the same effect as though such representations and warranties had been made on and as of the date hereof (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date); and

        (c) After giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing.

        SECTION 7.    Conditions to Effectiveness.    This Amendment shall become effective as of the date first above written when

        (a) the Administrative Agent shall have received duly executed counterparts hereof that, when taken together, bear the signatures of each of the Parent Companies, Holdings, each of the Borrowers and the Required Lenders and

        (b) all reasonable fees and expenses required to be paid or reimbursed by the Borrowers under or in connection with this Amendment or the Credit Agreement and (in the case of expenses to be reimbursed, including reasonable fees, charges and disbursements of counsel) invoiced in writing to the Borrower prior to the date hereof, shall have been paid or reimbursed, as applicable.

        SECTION 8.    Effect of Amendment.    Except as expressly set forth in Section 1, Section 2, Section 3, Section 4 or Section 5 of this Amendment, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders, the Administrative Agent, the Parent Companies, Holdings or the Borrowers under the Credit Agreement or any other Credit Document, and shall not alter, modify, amend or in any way affect any

2



of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Credit Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle the Parent Companies, Holdings or the Borrowers to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Credit Document in similar or different circumstances. After the date hereof, any reference to the Credit Agreement shall mean the Credit Agreement as amended hereby.

        SECTION 9.    Expenses.    Each of the Borrowers agrees to pay the reasonable out-of-pocket costs and expenses incurred by the Administrative Agent in connection with the preparation of this Amendment, including the reasonable fees, charges and disbursements of Cravath, Swaine & Moore LLP, counsel for the Administrative Agent.

        SECTION 10.    Applicable Law.    THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

        SECTION 11.    Notices.    All notices hereunder shall be given in accordance with the provisions of Section 14.2 of the Credit Agreement.

        SECTION 12.    Counterparts.    This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts (including by facsimile transmission or other electronic means), and all of said counterparts taken together shall be deemed to constitute one and the same instrument, and shall become effective as provided in Section 7.

        SECTION 13.    Headings.    The Section headings of this Amendment are for convenience of reference only, are not part of this Amendment and are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment.

        SECTION 14.    Credit Document.    This Amendment shall constitute a "Credit Document" for all purposes of the Credit Agreement and the other Credit Documents.

        IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their duly authorized officers, all as of the date and year first above written.

    ROCKWOOD SPECIALTIES GROUP, INC.,

 

 

by

 

/s/ Thomas J. Riordan
Name: Thomas J. Riordan
Title: Vice President & Secretary

 

 

ROCKWOOD SPECIALTIES LIMITED,

 

 

by

 

/s/ Thomas J. Riordan
Name: Thomas J. Riordan
Title: Vice President & Secretary

 

 

ROCKWOOD SPECIALTIES
INTERNATIONAL, INC.,

 

 

by

 

/s/ Thomas J. Riordan
Name: Thomas J. Riordan
Title: Vice President & Secretary
         

3



 

 

ROCKWOOD SPECIALTIES
CONSOLIDATED, INC.,

 

 

by

 

/s/ Thomas J. Riordan
Name: Thomas J. Riordan
Title: Vice President & Secretary

 

 

ROCKWOOD HOLDINGS, INC.,

 

 

by

 

/s/ Thomas J. Riordan
Name: Thomas J. Riordan
Title: Vice President & Secretary

 

 

JPMORGAN CHASE BANK, individually as
a Lender and as Administrative Agent,

 

 

by

 


Name:
Title:

 

 

MERRILL LYNCH, PIERCE, FENNER &
SMITH INCORPORATED, as Syndication Agent,

 

 

by

 

/s/ Carol J.E. Feeley
Name: Carol J.E. Feeley
Title: Director

 

 

MERRILL LYNCH CAPITAL
CORPORATION, as a Lender

 

 

by

 

/s/ Carol J.E. Feeley
Name: Carol J.E. Feeley
Title: Vice President,
Merrill Lynch Capital Corp.

 

 

GOLDMAN SACHS CREDIT PARTNERS
L.P., individually as a Lender and as Co-
Documentation Agent,

 

 

by

 

 
       
Name:
Title:

 

 

GENERAL ELECTRIC CAPITAL
CORPORATION, individually as a Lender and
as Co-Documentation Agent,

 

 

by

 

 
       
Name:
Title:

4


        SIGNATURE PAGE TO AMENDMENT NO. 1 TO THE CREDIT AGREEMENT dated as of July 23, 2003, among ROCKWOOD SPECIALTIES GROUP, INC., a Delaware corporation, ROCKWOOD SPECIALTIES LIMITED, a company incorporated under the laws of England and Wales, ROCKWOOD SPECIALTIES INTERNATIONAL, INC., a Delaware corporation, ROCKWOOD SPECIALTIES CONSOLIDATED, INC., a Delaware corporation, ROCKWOOD HOLDINGS, INC., a Delaware corporation, the lenders from time to time parties thereto, JPMORGAN CHASE BANK, as Administrative Agent, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, as Syndication Agent, and GOLDMAN SACHS CREDIT PARTNERS L.P. and GENERAL ELECTRIC CAPITAL CORPORATION, as Co-Documentation Agents.

Institution:   DENALI CAPITAL LLC, MANAGING MEMBER OF DC FUNDING PARTNERS, PORTFOLIO MANAGER FOR DENALI CAPITAL CLO III, LTD., OR AN AFFILIATE

 

 

By:

/s/ John P. Thacker
Name: John P. Thacker
Title: Chief Credit Officer

 

 

Institution:

 

SIERRA CLO I, LTD.

 

 

By:

/s/ John M. Casparian
Name: John M. Casparian
Title: Chief Operating Officer, Centre Pacific LLP (Manager)

 

 

Institution:

 

LANDMARK III CDO LIMITED

 

 

By:

Aladdin Capital Management LLC as Manager

 

 

 

 

By:

/s/ Gilles Marchand
Name: Gilles Marchand
Title: Authorized Signatory

 

 

Institution:

 

PROTECTIVE LIFE INSURANCE COMPANY

 

 

By:

/s/ Diane S. Griswold
Name: Diane S. Griswold
Title: AVP

 

 

Institution:

 

ING SENIOR INCOME FUND

 

 

By:

Aeltus Investment Management, Inc. as its investment manager

 

 

 

 

By:

/s/ Charles E. LeMieux, CFA
Name: Charles E. LeMieux, CFA
Title: Vice President

 

 

Institution:

 

ING PRIME RATE TRUST

 

 

By:

Aeltus Investment Management, Inc. as its investment manager

 

 

 

 

By:

/s/ Charles E. LeMieux, CFA
Name: Charles E. LeMieux, CFA
Title: Vice President

 

 
           

5



Institution:

 

SEQUILS—PILGRIM I, LTD

 

 

By:

ING Investments, LLC as its investment manager

 

 

 

 

By:

/s/ Charles E. LeMieux, CFA
Name: Charles E. LeMieux, CFA
Title: Vice President

 

 

Institution:

 

PROMUS I BV

 

 

By:

/s/ Sara Halbard
Name: Sara Halbard
Title: Under Power of Attorney

 

 

Institution:

 

PROMUS II BV

 

 

By:

/s/ Sara Halbard
Name: Sara Halbard
Title: Under Power of Attorney

 

 

Institution:

 

EUROCREDIT I BV

 

 

By:

/s/ Sara Halbard
Name: Sara Halbard
Title: Under Power of Attorney

 

 

Institution:

 

EUROCREDIT III BV

 

 

By:

/s/ Sara Halbard
Name: Sara Halbard
Title: Under Power of Attorney

 

 

Institution:

 

GALAXY CLO 1999-1, LTD.

 

 

By:

AIG Global Investment Advisor, Inc. its Collateral Manager

 

 

 

 

By:

/s/ W. Jeffrey Baxter
Name: W. Jeffrey Baxter
Title: Vice President

 

 

Institution:

 

SUNAMERICA LIFE INSURANCE COMPANY

 

 

By:

/s/ W. Jeffrey Baxter
Name: W. Jeffrey Baxter
Title: Vice President

 

 

Institution:

 

GALAXY CLO 2003-1, LTD.

 

 

By:

AIG Global Investment Corp., its Investment Advisor

 

 

 

 

By:

/s/ W. Jeffrey Baxter
Name: W. Jeffrey Baxter
Title: Vice President

 

 
           

6


        AMENDMENT No. 1 dated as of September 29, 2003 (this "Amendment"), to the Credit Agreement dated as of July 23, 2003 (the "Credit Agreement"), among ROCKWOOD SPECIALTIES GROUP, INC., a Delaware corporation (the "US Borrower"), ROCKWOOD SPECIALTIES LIMITED, a company incorporated under the laws of England and Wales (the "UK Borrower" and, together with the US Borrower, the "Borrowers"), ROCKWOOD SPECIALTIES INTERNATIONAL, INC., a Delaware corporation ("Holdings"), ROCKWOOD SPECIALTIES CONSOLIDATED, INC., a Delaware corporation ("PIK Holdco"), ROCKWOOD HOLDINGS, INC., a Delaware corporation ("Parent" and, together with PIK Holdco, the "Parent Companies"), the lenders from time to time parties thereto (the "Lenders"), JPMORGAN CHASE BANK, as Administrative Agent (in such capacity, the "Administrative Agent"), MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, as Syndication Agent, and GOLDMAN SACHS CREDIT PARTNERS L.P. and GENERAL ELECTRIC CAPITAL CORPORATION, as Co-Documentation Agents.

Institution:

 

JPMorgan Chase Bank

 

 

By:

/s/ Peter A. Dedousis
Name: Peter A. Dedousis
Title: Managing Director

 

 

Institution:

 

OAK HILL SECURITIES FUND, L.P.

 

 

By:

Oak Hill Securities GenPar, L.P. Its General Partner

 

 

 

 

By:

Oak Hill Securities MGP, L.P. Its General Partner

 

 

 

 

By:

/s/ Scott D. Krase
Name: Scott D. Krase
Title: Authorized Signatory

 

 

Institution:

 

OAK HILL SECURITIES FUND II, L.P.

 

 

By:

Oak Hill Securities GenPar II, L.P. Its General Partner

 

 

 

 

By:

Oak Hill Securities MGP II Inc.,

 

 
      Its General Partner    

 

 

By:

/s/ Scott D. Krase
Name: Scott D. Krase
Title: Authorized Signatory

 

 

Institution:

 

OAK HILL CREDIT PARTNERS I, LIMITED

 

 

By:

Oak Hill CLO Management I, LLC as Investment Manager

 

 

 

 

By:

/s/ Scott D. Krase
Name: Scott D. Krase
Title: Authorized Signatory

 

 

Institution:

 

OAK HILL CREDIT PARTNERS II, LIMITED

 

 

By:

Oak Hill CLO Management II, LLC as Investment Manager

 

 

 

 

By:

/s/ Scott D. Krase
Name: Scott D. Krase
Title: Authorized Signatory

 

 
           

7



Institution:

 

DAVID L. BABSON & COMPANY INC.




 




 




By:




In its individual capacity and as Collateral Manager on behalf of the investment funds under its management as listed below
        ELC (Cayman) Ltd., CDO Series 1999-I
        ELC (Cayman) Ltd. 1999-II
        ELC (Cayman) Ltd. 1999-II5
        ELC (Cayman) Ltd. 2000-I
        APEX (IDM) CDO I, Ltd.
        Tryon CLO Ltd. 2000-1
        SIMSBURY CLO, LIMITED




 




 

 

 

By:

/s/ William A. Hayes
Name: William A. Hayes
Title: Managing Director

 

 

Institution:

 

MAPLEWOOD (CAYMAN) LIMITED

 

 

By:

David L. Babson & Company Inc.
        Under delegated authority from Massachusetts Mutual Life Insurance Company as Investment Manager

 

 

 

 

By:

/s/ William A. Hayes
Name: William A. Hayes
Title: Managing Director

 

 

Institution:

 

BILL & MELINDA GATES FOUNDATION

 

 

By:

David L. Babson & Company Inc. as Investment Manager

 

 

 

 

By:

/s/ William A. Hayes
Name: William A. Hayes
Title: Managing Director

 

 

Institution:

 

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY

 

 

By:

David L. Babson & Company Inc. as Investment Manager

 

 

 

 

By:

/s/ William A. Hayes
Name: William A. Hayes
Title: Managing Director

 

 

Institution:

 

SUFFIELD CLO, LIMITED

 

 

By:

David L. Babson & Company Inc. as Collateral Manager

 

 

 

 

By:

/s/ William A. Hayes
Name: William A. Hayes
Title: Managing Director

 

 

Institution:

 

BABSON CLO LTD. 2003-I

 

 

By:

David L. Babson & Company Inc. as Manager

 

 
           

8



 

 

By:

/s/ William A. Hayes
Name: William A. Hayes
Title: Managing Director

 

 

Institution:

 

JUBILEE CDO I BV

 

 

By:

/s/ Richard Samuel
Name: Richard Samuel
Title: Vice President

 

 

 

 

 

Alcentra limited on behalf of Jubilee CDO I BV

Institution:

 

JUBILEE CDO III BV

 

 

By:

/s/ Richard Samuel
Name: Richard Samuel
Title: Vice President

 

 

 

 

 

Alcentra limited on behalf of Jubilee CDO III BV

Institution:

 

SENIOR DEBT PORTFOLIO

 

 

By:

Boston Management and Research as Investment Manager

 

 

 

 

By:

/s/ Scott H. Page
Name: Scott H. Page
Title: Vice President

 

 

Institution:

 

CALLIDUS DEBT PARTNERS CLO FUND II, LTD.

 

 

By:

Its Collateral Manager

 

 

 

 

By:

/s/ Mavis Taintor
Name: Mavis Taintor, MD & Partner
Title: Callidus Capital Management, LLC

 

 

Institution:

 

GOLDENTREE LOAN OPPORTUNITIES II, LTD.

 

 

By:

GoldenTree Asset Management, LP

 

 

 

 

By:

/s/ Frederick S. Haddad
Name: Frederick S. Haddad
Title:

 

 

Institution:

 

GOLDMAN SACHS

 

 

By:

/s/ Robert Schatzman
Name: Robert Schatzman
Title: Authorized Signatory

 

 

Institution:

 

LONGHORN CDO III, LTD.

 

 

By:

Merrill Lynch Investment Managers, L.P. as Investment Advisor

 

 
           

9



 

 

By:

/s/
Name:
Title:

 

 

Institution:

 

MERRILL LYNCH PRIME RATE PORTFOLIO

 

 

By:

Merrill Lynch Investment Managers, L.P. as Investment Advisor

 

 

 

 

By:

/s/
Name:
Title:

 

 

Institution:

 

MERRILL LYNCH GLOBAL INVESTMENT SERIES: BANK LOAN INCOME PORTFOLIO

 

 

By:

Merrill Lynch Investment Managers, L.P. as Investment Advisor

 

 

 

 

By:

/s/
Name:
Title:

 

 

Institution:

 

TORONTO DOMINION (NEW YORK), INC.

 

 

By:

/s/ Stacey L. Malek
Name: Stacey L. Malek
Title: Vice President

 

 

Institution:

 

TRUMBULL THC, LTD.

 

 

By:

/s/ Stacey L. Malek
Name: Stacey L. Malek
Title: Attorney in Fact

 

 

Institution:

 

THE TRAVELERS INSURANCE COMPANY

 

 

By:

/s/ John A. Wills
Name: John A. Wills
Title: Assistant Investment Officer

 

 

Institution:

 

CITICORP INSURANCE AND INVESTMENT TRUST

 

 

By Travelers Asset Management International Company, LLC

 

 

By:

/s/ John A. Wills
Name: John A. Wills
Title: Assistant Investment Officer

 

 

Institution:

 

COLUMBUS LOAN FUNDING LTD.

 

 

By Travelers Asset Management International Company, LLC

 

 

By:

/s/ John A. Wills
Name: John A. Wills
Title: Assistant Investment Officer

 

 
           

10



Institution:

 

CITIGROUP INVESTMENTS CORPORATE LOAN FUND, INC.

 

 

By Travelers Asset Management International Company, LLC

 

 

By:

/s/ John A. Wills
Name: John A. Wills
Title: Assistant Investment Officer

 

 

Institution:

 

PINEHURST TRADING, INC.

 

 

By:

/s/ Diana M. Himes
Name: Diana M. Himes
Title: Assistant Vice President

 

 

Institution:

 

WINGED FOOT FUNDING TRUST

 

 

By:

/s/ Diana M. Himes
Name: Diana M. Himes
Title: Authorized Agent

 

 

Institution:

 

JUPITER LOAN FUNDING LLC

 

 

By:

/s/ Diana M. Himes
Name: Diana M. Himes
Title: Assistant Vice President

 

 

Institution:

 

STANWICH LOAN FUNDING LLC

 

 

By:

/s/ Diana M. Himes
Name: Diana M. Himes
Title: Assistant Vice President

 

 

Institution:

 

KBC BANK, N.V.

 

 

By:

/s/ D A Chandler
Name: D A Chandler
Title: Head of Acquisition Finance

 

 

 

 

By:

/s/ M D O'Shea
Name: M D O'Shea
Title: Manager Acquisition Finance

 

 

Institution:

 

LAGUNA FUNDING LLCC

 

 

By:

/s/ Diana M. Himes
Name: Diana M. Himes
Title: Assistant Vice President

 

 

Institution:

 

THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND

 

 

By:

/s/ Olivia Treacy        Maurice Fitz Gerald
Name: Olivia Treacy Maurice Fitz Gerald
Title: Authorised Signatories

 

 
           

11



Institution:

 

RIVIERA FUNDING LLC

 

 

By:

/s/ Diana M. Himes
Name: Diana M. Himes
Title: Assistant Vice President

 

 

Institution:

 

INDOSUEZ CAPITAL FUNDING VI, LIMITED

 

 

By:

Indosuez Capital as Collateral Manager

 

 

 

 

By:

/s/ Charles Kobayashi
Name: Charles Kobayashi
Title: Principal and Portfolio Manager

 

 

Institution:

 

BRAYMOOR & CO. as Assignee,

 

 

By:

Bear Stearns Asset Management, Inc., as its attorney-in-fact

 

 

 

 

By:

/s/ Jonathan Berg
Name: Jonathan Berg
Title: Vice President

 

 

Institution:

 

SANKATY ADVISORS, LLC
as Collateral Manager for Race Point CLO, Limited, as Term Lender

 

 

By:

/s/ Diane J. Exter
Name: Diana J. Exter
Title: Managing Director Portfolio Manager

 

 

Institution:

 

SANKATY ADVISORS, LLC
as Collateral Manager for Race Point II CLO, Limited, as Term Lender

 

 

By:

/s/ Diane J. Exter
Name: Diana J. Exter
Title: Managing Director Portfolio Manager

 

 

Institution:

 

SANKATY ADVISORS, LLC
as Collateral Manager for Great Point CLO 1999-1, Ltd., as Term Lender

 

 

By:

/s/ Diane J. Exter
Name: Diana J. Exter
Title: Managing Director Portfolio Manager

 

 

Institution:

 

SANKATY ADVISORS, LLC
as Collateral Manager for Castle Hill I—INGOTS, Ltd., as Term Lender

 

 

By:

/s/ Diane J. Exter
Name: Diana J. Exter
Title: Managing Director Portfolio Manager

 

 

Institution:

 

SANKATY ADVISORS, LLC
as Collateral Manager for Castle Hill II—INGOTS, Ltd., as Term Lender
           

12



 

 

By:

/s/ Diane J. Exter
Name: Diana J. Exter
Title: Managing Director Portfolio Manager

 

 

Institution:

 

SANKATY ADVISORS, LLC
as Collateral Manager for Castle Hill III—INGOTS, Ltd., as Term Lender

 

 

By:

/s/ Diane J. Exter
Name: Diana J. Exter
Title: Managing Director Portfolio Manager

 

 

Institution:

 

SANKATY ADVISORS, LLC
as Collateral Manager for Avery Point CLO, Ltd., as Term Lender

 

 

By:

/s/ Diane J. Exter
Name: Diana J. Exter
Title: Managing Director Portfolio Manager

 

 

Institution:

 

HARBOUR TOWN FUNDING LLC

 

 

By:

/s/ Ann E. Morris
Name: Ann E. Morris

Title: Asst. Vice President

 

 

Institution:

 

GENERAL ELECTRIC CAPITAL CORPORATION

 

 

By:

/s/ John J. Ryan
Name: John J. Ryan
Title: Manager of Operations

 

 

Institution:

 

SEQUILS—Glace Bay, Ltd.

 

 

By:

Royal Bank of Canada as Collateral Manager

 

 

 

 

By:

/s/ Melissa Marano
Name: Melissa Marano
Title: Authorized Signatory

 

 

Institution:

 

FOXE BASIN CLO 2003, LTD.

 

 

By:

Royal Bank of Canada as Collateral Manager

 

 

 

 

By:

/s/ Melissa Marano
Name: Melissa Marano
Title: Authorized Signatory

 

 

Institution:

 

KZH RIVERSIDE LLC

 

 

By:

/s/ Hi Hua
Name: Hi Hua
Title: Authorized Agent

 

 

Institution:

 

KZH SOLEIL LLC
           

13



 

 

By:

/s/ Hi Hua
Name: Hi Hua
Title: Authorized Agent

 

 

Institution:

 

KZH SOLEIL-2 LLC

 

 

By:

/s/ Hi Hua
Name: Hi Hua
Title: Authorized Agent

 

 

Institution:

 

SIERRA CLO I

 

 

By:

/s/ John M. Casparian
Name: John M. Casparian
Title: Chief Operating Officer,
Centre Pacific, Manager

 

 

14




QuickLinks

    Exhibit 10.22 Execution Copy