SIGNATURE PAGE TO SUPPLEMENTNO. 2 TO THE GUARANTEE AND COLLATERAL AGREEMENT
Exhibit 10.3
SUPPLEMENT NO. 2 dated as of December 9, 2011 (this Supplement) to the Guarantee and Collateral Agreement dated as of June 23, 2006, as amended and restated as of December 6, 2010, and as further amended and restated as of February 14, 2011 (as amended and supplemented from time to time, the Guarantee and Collateral Agreement), among TRANSDIGM INC., a Delaware corporation (the Borrower), TRANSDIGM GROUP INCORPORATED, a Delaware corporation (Holdings), each subsidiary of the Borrower listed on Schedule I thereto (each such subsidiary individually a Subsidiary Guarantor and collectively, the Subsidiary Guarantors; the Subsidiary Guarantors, Holdings and the Borrower are referred to collectively herein as the Grantors) and CREDIT SUISSE AG, as collateral agent for the Secured Parties and as administrative agent under each of the 2010 Credit Agreement and the 2011 Credit Agreement (each as defined below) (in such capacities, the Agent).
A. Reference is made to (a) the Credit Agreement dated as of December 6, 2010, as amended by Amendment No. 1 dated as of March 25, 2011 (as amended, supplemented or otherwise modified from time to time, the 2010 Credit Agreement), among the Borrower, Holdings, each subsidiary of the Borrower from time to time party thereto, the lenders from time to time party thereto (the 2010 Lenders) and the Agent and (b) the Credit Agreement dated as of February 14, 2011 (as amended, supplemented or otherwise modified from time to time, the 2011 Credit Agreement and, together with the 2010 Credit Agreement, the Credit Agreements), among the Borrower, Holdings, each subsidiary of the Borrower from time to time party thereto, the lenders from time to time party thereto (the 2011 Lenders and, together with the 2010 Lenders, the Lenders) and the Agent.
B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the 2010 Credit Agreement, the 2011 Credit Agreement or the Guarantee and Collateral Agreement, as the context may require.
C. The Grantors have entered into the Guarantee and Collateral Agreement in order to induce the Lenders to make Loans and the 2010 Issuing Banks to issue Letters of Credit. Section 7.16 of the Guarantee and Collateral Agreement provides that additional Domestic Subsidiaries of the Loan Parties may become Subsidiary Guarantors and Grantors under the Guarantee and Collateral Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the New Subsidiary) is executing this Supplement in accordance with the requirements of the applicable Credit Agreement to become a Subsidiary Guarantor and Grantor under the Guarantee and Collateral Agreement in order to induce the Lenders to make additional Loans and the 2010 Issuing Banks to issue additional Letters of Credit, and as consideration for Loans previously made and Letters of Credit previously issued.
Accordingly, the Agent and the New Subsidiary agree as follows:
SECTION 1. In accordance with Section 7.16 of the Guarantee and Collateral Agreement, the New Subsidiary by its signature below becomes a Grantor and Subsidiary Guarantor under the Guarantee and Collateral Agreement with the same force and effect as if originally named therein as a Grantor and Subsidiary Guarantor, and the New Subsidiary hereby (a) agrees to all the terms and provisions of the Guarantee and Collateral Agreement applicable
to it as a Grantor and Subsidiary Guarantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Grantor and Subsidiary Guarantor thereunder are true and correct in all material respects on and as of the date hereof (except for any representation or warranty that is limited by its terms to an earlier specified date). In furtherance of the foregoing, the New Subsidiary, as security for the payment and performance in full of the Secured Obligations (as defined in the Guarantee and Collateral Agreement), does hereby create and grant to the Agent, its successors and assigns, for the ratable benefit of the Secured Parties, their successors and assigns, a security interest in and lien on all of the New Subsidiarys right, title and interest in and to the Collateral (as defined in the Guarantee and Collateral Agreement) of the New Subsidiary. Each reference to a Grantor or a Subsidiary Guarantor in the Guarantee and Collateral Agreement shall be deemed to include such New Subsidiary. The Guarantee and Collateral Agreement is hereby incorporated herein by reference.
SECTION 2. The New Subsidiary represents and warrants to the Agent and the other Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms subject to applicable bankruptcy, insolvency or similar laws affecting creditors rights generally and to general principles of equity.
SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Agent shall have received counterparts of this Supplement that, when taken together, bear the signatures of the New Subsidiary and the Agent. Delivery of an executed signature page to this Supplement by facsimile or other electronic transmission shall be as effective as delivery of a manually signed counterpart of this Supplement.
SECTION 4. The New Subsidiary hereby represents and warrants that (a) set forth on Schedule I attached hereto is a true and correct schedule of each location where any Collateral of such New Subsidiary is stored or otherwise located, set forth on Schedule II is a true and correct schedule of the Pledged Collateral of such New Subsidiary and set forth on Schedule III is a true and correct schedule of the Intellectual Property of such New Subsidiary, and (b) set forth under its signature hereto, is the true and correct legal name of such New Subsidiary, its jurisdiction of formation and the location of its chief executive office.
SECTION 5. Except as expressly supplemented hereby, the Guarantee and Collateral Agreement shall remain in full force and effect.
SECTION 6. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
SECTION 7. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Guarantee and Collateral Agreement shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself
affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.
SECTION 8. All communications and notices hereunder shall be in writing and given as provided in Section 7.01 of the Guarantee and Collateral Agreement. All communications and notices hereunder to the New Subsidiary shall be given to it at the address set forth under its signature below.
SECTION 9. The New Subsidiary agrees to reimburse the Agent for its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Agent.
IN WITNESS WHEREOF, the New Subsidiary and the Agent have duly executed this Supplement to the Guarantee and Collateral Agreement as of the day and year first above written.
HARCO LABORATORIES, INCORPORATED | ||
by | /s/ Gregory Rufus | |
Name: Gregory Rufus | ||
Title: Treasurer and Secretary | ||
Address: | ||
Legal Name: | ||
Jurisdiction of | ||
Formation: | ||
Location of Chief | ||
Executive Office: |
CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Agent | ||
by | /s/ Robert Hetu | |
Name: Robert Hetu | ||
Title: Managing Director |
by | /s/ Kevin Buddhdew | |
Name: Kevin Buddhdew | ||
Title: Associate |
SIGNATURE PAGE TO SUPPLEMENT NO. 2 TO THE GUARANTEE AND COLLATERAL AGREEMENT
Schedule I to
the Supplement No. 2
to the Guarantee and
Collateral Agreement
Subsidiary Guarantors
Exact Legal Name | Jurisdiction | Organizational Identification Number | Federal Taxpayer Identification Number | |||||||||
Harco Laboratories, Incorporated | Connecticut | 0021188 | 06-0691144 |
Locations of Collateral
1. | 186 & 190 Cedar Street, Branford, CT 06405. |
Schedule II to
the Supplement No. 2
to the Guarantee and
Collateral Agreement
Schedule II
Capital Stock
None
Pledged Debt Securities
None
Schedule III to
the Supplement No. 2
to the Guarantee and
Collateral Agreement
Schedule III
Intellectual Property
Patents
TITLE | APPLN NO. | FILED | PATENT NO. | GRANT DATE | Current Owner | STATUS | ||||||||
Optical Proximity Detector | 09591658 | 6/9/00 | 6498654 | 12/24/02 | Harco Laboratories, Inc. | Granted | ||||||||
Thermal Variable Resistance Device With Protective Sheath | 10793120 | 3/4/04 | 7061364 | 6/13/06 | Harco Laboratories, Inc. | Granted | ||||||||
Extended Temperature Range EMF Device | 10736766 | 12/16/03 | 7131768 | 11/7/06 | Harco Laboratories, Inc. | Granted | ||||||||
System And Method For Non-Contact Forming Of Parts To A Fluid Sensor Assembly | 10843501 | 5/11/04 | 7137297 | 11/21/06 | Harco Laboratories, Inc. | Granted | ||||||||
EMF Sensor With Protective Sheath | 10793121 | 3/4/04 | 7611280 | 11/3/09 | Harco Laboratories, Inc. | Granted | ||||||||
Thermal Variable Resistance Device With Protective Sheath | 11388309 | 3/24/06 | 7915994 | 3/29/11 | Harco Laboratories, Inc. | Granted | ||||||||
High Reliability Heater Modules | 10425814 | 4/29/03 | 6881932 | 4/19/05 | Harco Laboratories, Inc., a 685880 Corporation | Granted | ||||||||
Extended Temperature Range Heater | 11360788 | 2/23/06 | 7782171 | 8/24/10 | Harco Laboratories, Inc., a Corp of Connecticut | Granted | ||||||||
Extended Temperature Range Thermal Variable-Resistance Device | 10712484 | 11/13/03 | 7026908 | 4/11/06 | Harco Laboratories, Inc., a Connecticut Corporation | Granted | ||||||||
Mounting Bracket For A Security Device | 11614614 | 12/21/06 | 7518478 | 4/14/09 | Lockheed Martin Corporation | Granted |
Trademarks
Schedule III to
the Supplement No. 2
to the Guarantee and
Collateral Agreement
MARK | APPLN NO. | FILED | REGN NO. | REGN DATE | CLASS/GOODS | OWNER | STATUS | |||||||
SIMX | 78/756380 | 11/17/05 | 3320667 | 10/23/07 | 9- Thermocouples and Temperature Sensors | Harco Laboratories, Inc. | Registered | |||||||
INNOVATIVE SOLUTIONS. PROVEN PERFORMANCE. | 78/628893 | 5/12/05 | 3272875 | 7/31/07 | 9- Electrical and electronic temperature and pressure sensing apparatus, instruments, components and fittings therefor, namely-- thermocouples; thermocouple harnesses; thermocouple leads; thermocouple connectors; total pressure probes; total and static pressure probes; average pressure probes; magnetic speed sensors; optic sensors; air temperature sensors; resistance temperature sensors; data sensing instruments for aircraft-namely, total temperature sensors, pitot and pitot static tubes, and angle of attack sensors; resistance bridges; ice detectors; and transmitters for receiving signals from sensors sensing physical data and transmitting the signals to readout equipment; electrical cables for use in connections | Harco Laboratories, Inc. | Registered | |||||||
HARCO INNOVATIVE SOLUTIONS. PROVEN PERFORMANCE. | 78/628803 | 5/12/05 | 3178435 | 11/28/06 | 9- Electrical and electronic temperature and pressure sensing apparatus, instruments, components and fittings therefor, namely-- thermocouples; thermocouple harnesses; thermocouple leads; thermocouple connectors; total pressure probes; total and static pressure probes; average pressure probes; magnetic speed sensors; optic sensors; air temperature sensors; resistance temperature sensors; data sensing instruments for aircraft-namely, total temperature sensors, pitot and pitot static tubes, and angle of attack sensors; resistance bridges; ice detectors; and transmitters | Harco Laboratories, Inc. | Registered |
Schedule III to
the Supplement No. 2
to the Guarantee and
Collateral Agreement
MARK | APPLN NO. | FILED | REGN NO. | REGN DATE | CLASS/GOODS | OWNER | STATUS | |||||||
for receiving signals from sensors sensing physical data and transmitting the signals to readout equipment; electrical cables for use in connections | ||||||||||||||
HARCO | 75/252867 | 3/6/97 | 2167232 | 6/23/98 | 9-electrical and electronic temperature and pressure sensing apparatus, instruments, components and fittings therefor, namely, electrical harnesses; fiber optic harnesses; thermocouples; thermocouple harnesses; thermocouple leads; thermocouple connectors; total pressure probes; total and static pressure probes; average pressure probes; and thermocouple calibrators | Harco Laboratories, Incorporated | Registered |
Copyrights
None
Licenses
None