AMENDMENT NO. 2 TO INTERCREDITOR AGREEMENT
Exhibit 10.11
AMENDMENT NO. 2 TO INTERCREDITOR AGREEMENT
AMENDMENT dated as of September 28th, 2007 to the Intercreditor Agreement dated as of July 31, 2007 (the Intercreditor Agreement) among JPMORGAN CHASE BANK, N.A., as Representative with respect to the ABL Credit Agreement, JPMORGAN CHASE BANK, N.A., as Representative with respect to the First Lien Term Loan Agreement, GOLDMAN SACHS CREDIT PARTNERS L.P., as Representative with respect to the Second Lien Term Loan Agreement and Subagent, JPMORGAN CHASE BANK, N.A., as European Collateral Agent and Representative with respect to the European Collateral and the Dutch Collateral, TOWER AUTOMOTIVE HOLDINGS USA, LLC, (the US Borrower), TOWER AUTOMOTIVE HOLDINGS EUROPE B.V., (the European Borrower and, together with the US Borrower, the Borrowers), and each of the other Loan Parties party hereto.
W I T N E S S E T H :
WHEREAS, the parties hereto desire to amend the Intercreditor Agreement to add MT Stahl Handelsgesellschaft GmbH, as a party thereto;
NOW, THEREFORE, the parties hereto agree as follows:
SECTION 1. Defined Terms; References. Unless otherwise specifically defined herein, each term used herein that is defined in the Intercreditor Agreement has the meaning assigned to such term in the Intercreditor Agreement. Each reference to hereof, hereunder, herein and hereby and each other similar reference and each reference to this Agreement and each other similar reference contained in the Intercreditor Agreement shall, after this Amendment becomes effective, refer to the Intercreditor Agreement as amended hereby.
SECTION 2. Addition of New Party. The Intercreditor Agreement is hereby amended by adding MT Stahl Handelsgesellschaft GmbH, as a party thereto with the same force and effect as if originally named therein. MT Stahl Handelsgesellschaft GmbH agrees to all the terms and provisions of the Intercreditor Agreement. Each reference to European Loan Party in the Intercreditor Agreement shall be deemed to include MT Stahl Handelsgesellschaft GmbH.
SECTION 3. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York.
SECTION 4. Counterparts. This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.
SECTION 5. Effectiveness. This Agreement shall become effective when it shall have been executed by each party hereto.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.
JPMORGAN CHASE BANK, N.A., as Representative with respect to the ABL Credit Agreement | ||
By: | /s/ Richard W. Duker | |
Name: Richard W. Duker | ||
Title: Managing Director | ||
JPMORGAN CHASE BANK, N.A., as Representative with respect to the First Lien Term Loan Agreement | ||
By: | /s/ Richard W. Duker | |
Name: Richard W. Duker | ||
Title: Managing Director | ||
GOLDMAN SACHS CREDIT PARTNERS L.P., as Representative with respect to the Second Lien Term Loan Agreement and as Subagent | ||
By: | /s/ Bruce Mendelsohn | |
Name: Bruce Mendelsohn | ||
Title: Authorized Signatory | ||
JPMORGAN CHASE BANK, N.A., as European Collateral Agent and Representative with respect to the European Collateral and the Dutch Collateral | ||
By: | /s/ Richard W. Duker | |
Name: Richard W. Duker | ||
Title: Managing Director |
TOWER AUTOMOTIVE HOLDINGS USA, LLC | ||
By: | /s/ Mark Malcolm | |
Name: Mark M. Malcolm | ||
Title: President and CEO | ||
MT STAHL HANDELSGESELLSCHAFT GMBH | ||
By: | /s/ Kelly Price | |
Name: Kelly Price | ||
Title: Managing Director |