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INDALEX HOLDINGS FINANCE INC
·
8-K
Mar 12, 5:15 PM ET
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INDALEX HOLDINGS FINANCE INC 8-K
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Contents
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SECTION 1. Amendments to Section 1.02. Section 1.02 of the Domestic Security Agreement is hereby amended by deleting in its entirety each of the following defined terms in such Section: “First Activation Period”, “First Activation Period Notice”, “Second Activation Period Notice”, “Termination Period” and “Termination Period Notice”.
SECTION 2. Amendment to Section 3.06. Section 3.06(c) of the Domestic Security Agreement is hereby amended by replacing the proviso to such Section with the following text:
SECTION 3. Amendments to Section 4.02. Section 4.02 of the Domestic Security Agreement is hereby amended as follows:
(a) by deleting in its entirety clause SECOND of such Section and replacing it with the following text:
(b) by inserting the following new clause THIRD immediately after clause SECOND of such Section and renumbering the remaining clauses of such Section accordingly:
SECTION 4. Conditions to Effectiveness. This Amendment shall become effective as of the date first written above when (a) the Administrative Agent (or its counsel) shall have received from Holdings, the Parent Borrower and each Subsidiary Party either (i) a counterpart of this Amendment signed on behalf of such party or (ii) written evidence reasonably satisfactory to the Administrative Agent (which may include facsimile or other electronic transmission of a signed signature page of this Amendment) that such party has signed a counterpart of this Amendment and (b) the Waiver shall have become effective in accordance with its terms.
SECTION 5. Domestic Security Agreement. Except as expressly set forth herein, this Amendment (a) 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, Holdings, the Parent Borrower or any other Loan Party under the Domestic Security Agreement or any other Loan Document and (b) shall not alter,
2
modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Domestic Security Agreement or any other Loan 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 Holdings, the Parent Borrower or any other Loan Party to any future consent to, or waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Domestic Security Agreement or any other Loan Document in similar or different circumstances. After the date hereof, any reference in the Loan Documents to the Domestic Security Agreement shall mean the Domestic Security Agreement as modified hereby. This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.
SECTION 6. Applicable Law; Waiver of Jury Trial. (a) THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.
(b) EACH PARTY HERETO HEREBY AGREES AS SET FORTH IN SECTIONS 6.09(b), 6.09(c), 6.09(d) AND 6.10 OF THE DOMESTIC SECURITY AGREEMENT AS IF SUCH SECTIONS WERE SET FORTH IN FULL HEREIN.
SECTION 7. Counterparts; Amendment. This Amendment 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. Delivery of an executed counterpart of a signature page of this Amendment by telecopy or electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment. This Amendment may not be amended nor may any provision hereof be waived except pursuant to a writing signed by Holdings, the Parent Borrower, each Subsidiary Party, the Administrative Agent and each Lender whose consent is required in connection with such amendment or waiver pursuant to Section 9.02(b) of the Credit Agreement and Section 6.02 of the Domestic Security Agreement.
SECTION 8. Headings. The Section headings used herein 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.
[signature pages follow]
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