FIFTH AMENDMENT
EXHIBIT 10.6
FIFTH AMENDMENT
THIS FIFTH AMENDMENT (this Amendment) dated as of September 24, 2003 is to the Credit Agreement (as previously amended, the Credit Agreement) dated as of March 17, 2000 among TETRA TECH, INC. (the Company), various financial institutions and BANK OF AMERICA, N.A., as administrative agent (the Agent). Unless otherwise defined herein, terms defined in the Credit Agreement are used herein as defined therein.
WHEREAS, the parties hereto desire to amend the Credit Agreement as set forth below;
NOW THEREFORE, in consideration of the premises and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as follows:
SECTION 1 AMENDMENT. Effective on (and subject to the occurrence of) the Amendment Effective Date (as defined below), Section 2.1.2 of the Credit Agreement is amended by replacing the reference to $25,000,000 with $50,000,000.
SECTION 2 REPRESENTATIONS AND WARRANTIES. The Company represents and warrants to the Agent and the Banks that (a) each warranty set forth in Section 9 of the Credit Agreement is true and correct as if made on the date hereof, (b) the execution and delivery by the Company of this Amendment and the performance by the Company of its obligations under the Credit Agreement as amended hereby (as so amended, the Amended Credit Agreement) (i) are within the corporate powers of the Company, (ii) have been duly authorized by all necessary corporate action, (iii) have received all necessary governmental approval and (iv) do not and will not contravene or conflict with any provision of law or of the charter or by-laws of the Company or any Subsidiary or of any indenture, loan agreement or other material contract, or any judgment, order or decree, which is binding upon the Company or any Subsidiary, and (c) this Amendment and the Amended Credit Agreement are the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their 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.
SECTION 3 EFFECTIVENESS. The amendment set forth in Section 1 shall become effective, as of the day and year first above written, on such date (the Amendment Effective Date) that the Agent shall have received each of the following: (a) counterparts of this Amendment executed by the Company and the Required Banks; and (b) a Confirmation in the form of Exhibit A hereto signed by the Company and each Subsidiary.
SECTION 4 MISCELLANEOUS.
4.1 Continuing Effectiveness, etc. As herein amended, the Credit Agreement shall remain in full force and effect and is hereby ratified and confirmed in all respects.
4.2 Counterparts. 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 one and the same Fifth Amendment.
4.3 Governing Law. This Amendment shall be a contract made under and governed by the laws of the State of Illinois applicable to contracts made and to be performed entirely within such State.
4.4 Successors and Assigns. This Amendment shall be binding upon the Company and the Agent and their respective successors and assigns, and shall inure to the benefit of the Company and the Agent and the successors and assigns of the Agent.
4.5 Expenses. The Company agrees to pay the reasonable costs and expenses of the Agent (including attorneys fees) in connection with the preparation, execution and delivery of this Amendment.
Delivered at Chicago, Illinois, as of the day and year first above written.
TETRA TECH, INC. | |
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By: | /s/ David W. King |
Title: | Chief Financial Officer |
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BANK OF AMERICA, N.A., as Administrative Agent | |
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By: | /s/ Paul Folino |
Title: | Assistant Vice President |
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BANK OF AMERICA, N.A., as Swing Line Bank, Issuing Bank and as a Bank | |
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By: | /s/ Jennifer L. Gerdes |
Title: | Vice President |
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WELLS FARGO BANK, N.A., as Documentation Agent and as a Bank | |
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By: | /s/ Randall Repp |
Title: | Vice President |
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HARRIS TRUST AND SAVINGS BANK, as Syndication Agent and as a Bank | |
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By: | /s/ Isabella Battista |
Title: | Vice President |
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THE NORTHERN TRUST COMPANY | |
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By: | /s/ Steven W. Ryan |
Title: | Vice President |
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U.S. BANK, NATIONAL ASSOCIATION (formerly known as Pacific Century Bank, N.A.) | |
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By: |
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Title: |
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EXHIBIT A
CONFIRMATION
Dated as of September 24, 2003
Each of the undersigned hereby acknowledges and agrees to the foregoing Fifth Amendment and the Amended Credit Agreement and hereby confirms the continuing validity and enforceability of the Guaranty and the Security Agreement after giving effect thereto.
SCM CONSULTANTS, INC. | |
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By: | /s/ David W. King |
Title: | Assistant Treasurer |
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TETRA TECH EM INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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WHALEN & COMPANY, INC. | |
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By: | /s/ David W. King |
Title: | Chief Financial Officer |
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TETRA TECH NUS, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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MFG, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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TETRA TECH CONSTRUCTION SERVICES, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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UTILITIES & C.C., INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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COSENTINI ASSOCIATES, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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EVERGREEN UTILITY CONTRACTORS, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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KCM, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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GEOTRANS, INC. | |
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By: | /s/ David W. King |
Title: | Assistant Treasurer |
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FHC, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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RIZZO ASSOCIATES, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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TETRA TECH RMC, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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WILLIAMS, HATFIELD & STONER, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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EXPERT WIRELESS SOLUTIONS, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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DRAKE CONTRACTORS, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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VERTEX ENGINEERING SERVICES, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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MAXIM TECHNOLOGIES, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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SCIENCES INTERNATIONAL, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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WESTERN UTILITY CONTRACTORS, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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HARTMAN & ASSOCIATES, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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THE THOMAS GROUP OF COMPANIES, INC. | |
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By: | /s/ David W. King |
Title: | Treasurer |
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TETRA TECH FW, INC. | |
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By: | /s/ David W. King |
Title: | Assistant Treasurer |
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