Seagate 2014 Annual Report Download - page 132

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ARTICL EII
AMENDMENTS
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EffectiveontheFirstAmendmentEffectiveDate,theExistingCreditAgreementisherebyamendedinaccordancewiththetermsofthisArticle.
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SECTION2.1.AmendmenttoArticleI.ArticleIoftheExistingCreditA greementisherebyamendedinaccordancewithSection2.1.1.
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SECTION2.1.1.Clause(b)ofthedefinitionof“Obligations”isherebyamendedinitisentiretytoreadasfollows:
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“(b)unlessotherwiseagreedtoinwritingbytheapplicableLenderorAffiliateofaLenderpartythereto,thedueandpunctualpaymentofall
obligationsoftheBorroweroranyotherLoanPartyundereachSwapAgreement(itbeingunderstoodthat,forpurposesofthisclause(b),the
term“SwapAgreement”shallnotincludePlatinumLeasesorSwapAgreementspermittedunderclause(c)(i)(B)orclause(c)(ii)ofSection6.06
)that(i)isineffectontheEffectiveDatewithacounterpartythatisaLender(oranAffiliateofaL ender)asoftheEffectiveDateor(ii)is
enteredintoaftertheEffectiveDatewithanycounterpartythatisaL ender(oranAffiliateofaLender)atthetimesuchSwapA greementis
enteredinto”
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SECTION2.2.AmendmenttoArticleV I.ArticleV IoftheExistingCreditA greementisherebyamendedinaccordancewithSection2.2.1.
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SECTION2.2.1.Section6.06oftheExistingCreditAgreementisherebyamendedinitsentiretytoreadasfollows:
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SECTION6.06SwapAgreements.EachofSTX andtheBorrowerwillnot,andwillnotpermitanyofitssubsidiariesto,enterintoanySwap
Agreement,except(a)SwapAgreementsenteredintotohedgeormitigateriskstowhichSTX ,theBorroweroranySubsidiaryhasactual
exposure,(otherthanthoseinrespectofEquityInterestsofSTX ,theBorroweroranySubsidiary,whichshallbegovernedbyclause(c)ofthis
Section),(b)SwapAgreementsenteredintoinordertoeffectivelycap,collarorexchangeinterestrates(fromfixedtofloatingrates,fromone
floatingratetoanotherfloatingrateorotherwise)withrespecttoanyinterest-bearingliabilityorinvestmentofSTX ,theBorrowerorany
Subsidiary,or(c)(i)SwapAgreementsenteredintobySTX ,theBorroweroranySubsidiary,andpayments(ineithercashorEquityInterestsas
applicable)requiredthereunder,(A)inrespectofEquityInterestsinSTX providingforpaymentstocurrentorformerdirectors,officersor
employeesofSTX ,theBorrowerandanySubsidiaryortheirheirsorestatesand(B)inrespectofEquityInterestsinSTX ,theBorrowerorany
SubsidiaryinconnectionwithanyredemptionorrepurchasebySTX ofitsEquityInterests,and(ii)totheextentnotpermittedunderclause(c)
(i),anyotherSwapA greementsenteredintobySTX ,theBorroweroranySubsidiary,andpayments(in
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eithercashorEquityInterestsasapplicable)requiredthereunderinrespectofEquityInterestsinSTX ;provided,thatRestrictedPayments
requiredbytheSwapAgreementsenteredintoinrelianceonthisclause(c)shallonlybemadeinthesamecircumstancesunderwhich,andinthe
amountsthat,STX ,theBorrowerandtheSubsidiariesarethenpermittedtomakeRestrictedPaymentspursuanttoSection6.07,andsuch
RestrictedPaymentsmadeduringanyfiscalyearshallbedeemedtoreducetheamountofRestrictedPaymentsavailableduringsuchfiscalyear
underSection6.07.
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ARTICL EIII
CONDITIONSTOEFFECTIV ENESS
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SECTION3.1.ThisA mendmentshallbecomeeffectiveuponthedate(the“FirstA mendmentEffectiveDate”)wheneachofthefollowingconditionsset
forthinthisArticleshallhavebeensatisfied.
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SECTION3.1.1.ExecutionofCounterparts.TheAdministrativeAgentshallhavereceivedcopiesofthisA mendment,dulyexecutedanddeliveredbyan
authorizedofficerorrepresentativeofSTX andoftheBorrowerandonbehalfoftheRequiredLenders.
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SECTION3.1.2.FeesandExpenses.TheAdministrativeAgentshallhavereceivedallofitsreasonableanddocumentedfeesandout-of-pocketexpenses
incurredinconnectionwiththenegotiation,preparation,executionanddeliveryofthisAmendment,including(totheextentinvoicedinadvance)reasonablefees
anddisbursementsofOrrick,Herrington&SutcliffeLLP,counseltotheAdministrativeAgent.
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ARTICL EIV
MISCELLA NEOUSPROV ISIONS
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SECTION4.1.RepresentationsandWarranties.ToinducetheLenderstoenterintothisAmendmentSTX andtheBorrowerrepresentandwarranttothe
A dministrativeA gentandtheL endersthatasoftheFirstA mendmentEffectiveDate:
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(a)TherepresentationsandwarrantiesofeachLoanPartysetforthintheLoanDocumentstowhichitisapartyaretrueandcorrectinall
materialrespectsonandasoftheFirstAmendmentEffectiveDate,excepttotheextentsuchrepresentationsandwarrantiesexpresslyrelatetoanearlier
date(inwhichcasesuchrepresentationsandwarrantiesweretrueandcorrectinallmaterialrespectsasofsuchearlierdate).
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(b)A softheFirstA mendmentEffectiveDate,bothbeforeandaftergivingeffecttothisAmendment,noDefaulthasoccurredandiscontinuing.
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SECTION4.2.EffectofA mendment.Thepartiesheretoagreeasfollows:
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(a)ThisA mendmentshallnotconstituteanamendmentorwaiveroforconsenttoanyprovisionoftheExistingCreditAgreementoranyother
LoanDocumentnotexpresslyreferredtohereinandshallnotbeconstruedasanamendment,waiverorconsenttoanyactiononthepartofaBorrower
thatwouldrequireanamendment,waiverorconsentofthe