Seagate 2015 Annual Report Download - page 137

Download and view the complete annual report

Please find page 137 of the 2015 Seagate annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 155

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155

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.
ARTICLEIII
CONDITIONSTOEFFECTIVENESS
SECTION3.1.ThisAmendmentshallbecomeeffectiveuponthedate(the“FirstAmendmentEffectiveDate”)wheneachofthefollowingconditionsset
forthinthisArticleshallhavebeensatisfied.
SECTION3.1.1.ExecutionofCounterparts.TheAdministrativeAgentshallhavereceivedcopiesofthisAmendment,dulyexecutedanddeliveredbyan
authorizedofficerorrepresentativeofSTXandoftheBorrowerandonbehalfoftheRequiredLenders.
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.
ARTICLEIV
MISCELLANEOUSPROVISIONS
SECTION4.1.RepresentationsandWarranties.ToinducetheLenderstoenterintothisAmendmentSTXandtheBorrowerrepresentandwarranttothe
AdministrativeAgentandtheLendersthatasoftheFirstAmendmentEffectiveDate:
(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).
(b)AsoftheFirstAmendmentEffectiveDate,bothbeforeandaftergivingeffecttothisAmendment,noDefaulthasoccurredandis
continuing.
SECTION4.2.EffectofAmendment.Thepartiesheretoagreeasfollows:
(a)ThisAmendment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