EX-10.3 Second Amendment to the Credit Agreement, dated May 14, 2008

EX-10.3 3 b71189wiexv10w3.htm EX-10.3 SECOND AMENDMENT TO THE CREDIT AGREEMENT, DATED MAY 14, 2008 exv10w3
Exhibit 10.3
DEUTSCHE BANK TRUST COMPANY AMERICAS
60 WALL STREET
NEW YORK, NEW YORK 10005
May 14, 2008
Wellman, Inc.
1041 521 Corporate Center Drive
Fort Mill, South Carolina 29715
Attention: Chief Financial Officer
and Treasurer and Chief Accounting Officer
Re: Wellman, Inc. Credit Agreement dated as of February 27, 2008
     Reference is hereby made to that certain Credit Agreement, dated as of February 27, 2008, by and among Wellman, Inc. (the “Funds Administrator”) and the other Borrowers party thereto, as debtors and debtors in possession, as Borrowers, the Lenders from time to time party thereto, Deutsche Bank Trust Company Americas, as Administrative Agent (in such capacity, the “Administrative Agent”) and Collateral Agent, and the other agents signatory thereto (as amended, restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement.
     The undersigned Administrative Agent, on behalf of the Majority Lenders, hereby consents to the Funds Administrator’s request that Section 9.1(i)(xvi) of the Credit Agreement be modified by replacing the text “on or before May 29, 2008” therein with the text “on or before June 5, 2008”. Except as expressly amended hereby, the Credit Agreement continues in full force and effect and the amendment set forth above shall be limited precisely as written.
[signature page follows]

 


 

             
    Very truly yours,    
 
           
    DEUTSCHE BANK TRUST COMPANY    
    AMERICAS, as Administrative Agent    
 
           
 
  By:   /s/ Marguerite Sutton    
 
           
 
  Title:   Director    
 
           
 
  By:   /s/ Enrique Landaeta    
 
           
 
  Title:   Vice President    
Acknowledged and agreed as of
This 15 day of May, 2008
         
WELLMAN, INC.
 
 
By:
  /s/ Keith Phillips    
 
       
Title:
  Chief Financial Officer    
Signature Page to Consent