Tesla 2016 Annual Report Download - page 114
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Please find page 114 of the 2016 Tesla 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.2.2AmendmenttoSchedule1.01(a)totheCreditAgreement.Schedule1.01(a)totheCreditAgreementshallbeamendedandrestatedin
itsentiretyassetforthonSchedule1hereto.
2.3AmendmenttoDollarThresholds.TheCreditAgreementshallbeamendedsuchthatSection2.14(e)oftheCreditAgreementshall
applytotheincreaseintheTotalRevolvingLoanCommitmenteffectedpursuanttothisAmendmentasifsuchincreasewereaprovisionofIncremental
CommitmentspursuanttoSection2.14oftheCreditAgreement.
2.4AmendmenttoSection10.01(t)oftheCreditAgreement.Clause(t)ofSection10.01oftheCreditAgreementshallbeamendedby
inserting“bankers’acceptances,bankguarantees,”immediatelyafter“lettersofcredit,”inthesecondlinethereofandbyinserting“bankers’acceptancesorbank
guarantees,”after“undrawnlettersofcredit,”.
2.5AmendmenttoSection10.04(m)oftheCreditAgreement.Clause(m)ofSection10.04oftheCreditAgreementshallbeamendedby
inserting“bankers’acceptances,bankguarantees”immediatelypriorto“performancebonds”inthethirdlinethereofandbyinserting“,bankers’acceptancesand
bankguarantees”immediatelyafter“lettersofcredit”inthefourthlinethereof.
Section3.Conditions.ThisAmendmentshallbecomeeffectiveonthedateonwhichthefollowingconditionsprecedenthavebeensatisfiedorwaived
(thedateonwhichsuchconditionsshallhavebeensosatisfiedorwaived,the“AmendmentEffectiveDate”):
(a)TheAdministrativeAgentshallhavereceivedacounterpartofthisAmendment,executedanddeliveredbytheCreditParties,theAdministrative
Agent,theRequiredLendersandeachIncreasingLender.
(b)AllfeesrequiredtobepaidtotheAdministrativeAgentandtheLendersinconnectionherewith,accruedreasonableanddocumentedout-of-pocket
costsandexpenses(including,totheextentinvoicedinadvance,reasonablelegalfeesandout-of-pocketexpensesofcounsel)andothercompensationdueand
payabletotheAdministrativeAgentandtheLendersonorpriortotheAmendmentEffectiveDateshallhavebeenpaid.
(c)EachoftherepresentationsandwarrantiesmadebytheCreditPartiesinorpursuanttotheCreditAgreementorinorpursuanttotheotherCredit
Documentsshallbetrueandcorrectinallmaterialrespects(exceptthatanyrepresentationandwarrantythatisqualifiedorsubjectto“materiality”,“Material
AdverseEffect”orsimilarlanguageshallbetrueandcorrectinallrespects)onandasoftheAmendmentEffectiveDateasifmadeonandasofsuchdateexcept
forsuchrepresentationsandwarrantiesexpresslystatedtobemadeasofanearlierdate(inwhichcasesuchrepresentationsandwarrantiesshallbetrueandcorrect
inallmaterialrespectsasofsuchearlierdate).
(d)NoDefaultorEventofDefaultshallexistontheAmendmentEffectiveDate.
(e)TheAdministrativeAgentshallhavereceivedanofficer’scertificatefromanAuthorizedOfficeroftheCompanyanddatedasoftheAmendment
EffectiveDate,certifyingthateachconditionsetforthinSections3(c)and(d)hereofhavebeensatisfiedonandasoftheAmendmentEffectiveDate.
(f)TheAdministrativeAgentshallhavereceivedfromWilsonSonsiniGoodrich&Rosati,P.C.,specialNewYorkcounseltotheCreditParties,an
opinioninformandsubstancereasonablysatisfactorytotheAdministrativeAgentaddressedtotheAdministrativeAgent,theCollateralAgentandeachofthe
LendersanddatedtheAmendmentEffectiveDatecoveringsuchmattersincidenttothetransactionscontemplatedhereinastheAdministrativeAgentmay
reasonablyrequest.
(g)TheAdministrativeAgentshallhavereceivedfromDLAPiperNederlandN.V.,specialDutchcounseltotheDutchCreditParties,anopinionin
formandsubstancereasonablysatisfactorytotheAdministrativeAgentaddressedtotheAdministrativeAgent,theCollateralAgentandeachoftheLendersand
datedtheAmendmentEffectiveDatecoveringsuchmattersincidenttothetransactionscontemplatedhereinastheAdministrativeAgentmayreasonablyrequest.