Seagate 2015 Annual Report Download - page 137
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eithercashorEquityInterestsasapplicable)requiredthereunderinrespectofEquityInterestsinSTX;provided,thatRestrictedPayments
requiredbytheSwapAgreementsenteredintoinrelianceonthisclause(c)shallonlybemadeinthesamecircumstancesunderwhich,andin
theamountsthat,STX,theBorrowerandtheSubsidiariesarethenpermittedtomakeRestrictedPaymentspursuanttoSection6.07,andsuch
RestrictedPaymentsmadeduringanyfiscalyearshallbedeemedtoreducetheamountofRestrictedPaymentsavailableduringsuchfiscalyear
underSection6.07.
ARTICLEIII
CONDITIONSTOEFFECTIVENESS
SECTION3.1.ThisAmendmentshallbecomeeffectiveuponthedate(the“FirstAmendmentEffectiveDate”)wheneachofthefollowingconditionsset
forthinthisArticleshallhavebeensatisfied.
SECTION3.1.1.ExecutionofCounterparts.TheAdministrativeAgentshallhavereceivedcopiesofthisAmendment,dulyexecutedanddeliveredbyan
authorizedofficerorrepresentativeofSTXandoftheBorrowerandonbehalfoftheRequiredLenders.
SECTION3.1.2.FeesandExpenses.TheAdministrativeAgentshallhavereceivedallofitsreasonableanddocumentedfeesandout-of-pocketexpenses
incurredinconnectionwiththenegotiation,preparation,executionanddeliveryofthisAmendment,including(totheextentinvoicedinadvance)reasonablefees
anddisbursementsofOrrick,Herrington&SutcliffeLLP,counseltotheAdministrativeAgent.
ARTICLEIV
MISCELLANEOUSPROVISIONS
SECTION4.1.RepresentationsandWarranties.ToinducetheLenderstoenterintothisAmendmentSTXandtheBorrowerrepresentandwarranttothe
AdministrativeAgentandtheLendersthatasoftheFirstAmendmentEffectiveDate:
(a)TherepresentationsandwarrantiesofeachLoanPartysetforthintheLoanDocumentstowhichitisapartyaretrueandcorrectinall
materialrespectsonandasoftheFirstAmendmentEffectiveDate,excepttotheextentsuchrepresentationsandwarrantiesexpresslyrelatetoanearlier
date(inwhichcasesuchrepresentationsandwarrantiesweretrueandcorrectinallmaterialrespectsasofsuchearlierdate).
(b)AsoftheFirstAmendmentEffectiveDate,bothbeforeandaftergivingeffecttothisAmendment,noDefaulthasoccurredandis
continuing.
SECTION4.2.EffectofAmendment.Thepartiesheretoagreeasfollows:
(a)ThisAmendmentshallnotconstituteanamendmentorwaiveroforconsenttoanyprovisionoftheExistingCreditAgreementorany
otherLoanDocumentnotexpresslyreferredtohereinandshallnotbeconstruedasanamendment,waiverorconsenttoanyactiononthepartofa
Borrowerthatwouldrequireanamendment,waiverorconsentofthe