EX-10.12(H) 10 a2104305zex-10_12h.htm EXHIBIT 10.12(H)

Exhibit 10.12(h)

 

 

SECOND AMENDMENT TO CERTAIN OPERATIVE AGREEMENTS

 

 

Dated as of October 4, 2000

 

 

among

 

 

SABRE INC.,

as the Construction Agent and as the Lessee,

 

 

FIRST SECURITY BANK, NATIONAL ASSOCIATION,

not individually, except as expressly

stated herein, but solely as the Owner Trustee

under the TSG Trust 1999-1,

 

 

THE VARIOUS BANKS AND OTHER LENDING INSTITUTIONS WHICH ARE PARTIES
HERETO FROM TIME TO TIME,

as the Holders,

 

 

THE VARIOUS BANKS AND OTHER LENDING INSTITUTIONS WHICH ARE PARTIES
HERETO FROM TIME TO TIME,

as the Lenders,

 

 

and

 

 

BANK OF AMERICA, N.A.,

as the Agent for the Lenders

and respecting the Security Documents,

as the Agent for the Lenders and the Holders,

to the extent of their interests

 


 

BANC OF AMERICA SECURITIES LLC,

as Lead Arranger and Sole Book Manager

 



 

SECOND AMENDMENT TO CERTAIN OPERATIVE AGREEMENTS

 

THIS SECOND AMENDMENT TO CERTAIN OPERATIVE AGREEMENTS dated as of October 4, 2000 (this “Amendment”) is by and among SABRE INC., a Delaware corporation (the “Lessee” or the “Construction Agent”); FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, not individually (in its individual capacity, the “Trust Company”), except as expressly stated in the Participation Agreement (hereinafter defined), but solely as the Owner Trustee under the TSG Trust 1999-1 (the “Owner Trustee”, the “Borrower” or the “Lessor”); the various banks and other lending institutions which are parties to the Participation Agreement from time to time as holders of certificates issued with respect to the TSG Trust 1999-1 (subject to the definition of Holders in Appendix A to the Participation Agreement, individually, a “Holder” and collectively, the “Holders”); the various banks and other lending institutions which are parties to the Participation Agreement from time to time as lenders (subject to the definition of Lenders in Appendix A to the Participation Agreement, individually, a “Lender” and collectively, the “Lenders”); and BANK OF AMERICA, N.A., a national banking association, as the agent for the Lenders and respecting the Security Documents, as the agent for the Lenders and the Holders, to the extent of their interests (in such capacity, the “Agent”).

 

Capitalized terms used but not otherwise defined in this Amendment shall have the meanings set forth in Appendix A to the Participation Agreement dated as of September 14, 1999, by and among the Lessee, the Construction Agent, the Owner Trustee, the Holders which were parties thereto, the Lenders which were parties thereto and the Agent (as amended by that certain First Amendment and Restatement of Operative Agreements dated as of December 15, 1999 by and among the Lessee, the Construction Agent, the Owner Trustee, the Holders which were parties thereto, the Lenders which were parties thereto and the Agent and as hereinafter amended, modified, extended, supplemented, restated and/or replaced from time to time, the “Participation Agreement”).

 

R E C I T A L S

 

WHEREAS, the parties to this Amendment are parties to the Participation Agreement and certain of the parties to this Amendment are parties to the other Operative Agreements relating to a $310 million lease facility (the “Facility”) that has been established in favor of the Lessee;

 

WHEREAS, the parties to this Amendment have agreed to modify the Participation Agreement and to amend other provisions of the Operative Agreements on the terms and conditions set forth herein;

 



 

A G R E E M E N T

 

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

 

1.                                       Section 8.3A(j)(ii) of the Participation Agreement is hereby amended and restated in its entirety to read as follows:

 

“(ii)                            At all times the Consolidated Net Worth shall be greater than or equal to the sum of $553,602,400, plus on a cumulative basis as of the end of each fiscal quarter of Parent and its Consolidated Subsidiaries, commencing with the fiscal quarter ending September 30, 2000, an amount equal to fifty percent (50%) of Consolidated Net Income (to the extent positive) for the fiscal quarter then ended, plus fifty percent (50%) of the net proceeds from Equity Issuances occurring after June 30, 2000, minus amounts used to repurchase or redeem capital stock of Parent during the fiscal quarter then ended.”

 

2.                                       This Amendment shall be effective upon (i) execution and delivery of this Amendment by the Lessee, the Construction Agent, the Lessor, the Owner Trustee, the Agent, the Lenders and the Holders, (ii) execution and delivery of such other documents, agreements or instruments deemed necessary or advisable by the Financing Parties and (iii) all fees, if any, owing in connection with this Amendment, including without limitation, to each consenting Lender and Holder that executes and delivers this Amendment by the signing deadline, a nonrefundable amendment fee equal to 0.03% of the aggregate amount of such Lender’s Commitment or such Holder’s Holder Commitment, which fees shall be deemed fully earned and due and payable on the effective date of this Amendment.  For purposes of determining compliance with the conditions specified in this Section 2, each Financing Party shall be deemed to have consented to, approved or accepted or to be satisfied with (unless such Financing Party has objected in writing pursuant to a notice delivered to the Agent at its address specified in Schedule 12.2 to the Participation Agreement prior to the date as of which this Amendment becomes effective) each document or other matter either sent by Agent to such Financing Party for consent, approval, acceptance or satisfaction, or required thereunder to be consented to or approved by or acceptable or satisfactory to such Financing Party.

 

3.                                       Within ten (10) days of any receipt from the Agent of any requested documentation, the Lessee shall promptly cause to be executed, acknowledged or delivered all such further conveyances and documents as the Agent may reasonably request in order to carry out and effectuate the intent and purposes of this Amendment, the other Operative Agreements and the transactions contemplated hereby and thereby (including, without limitation, the preparation, execution and filing of any and all Uniform Commercial Code financing statements, the filing of Mortgage Instruments and other filings or registrations which the Agent hereto may from time to time request to be filed or effected).

 

4.                                       The parties hereto agree that, notwithstanding any heading or title to this Amendment, all of the terms and provisions of the Operative Agreements (including Schedules

 

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and Exhibits thereto) shall remain in full force and effect except as modified by this Amendment.  All references in any Operative Agreement to the Operative Agreements shall henceforth include references to the Operative Agreements, as modified and amended by this Amendment, and as may, from time to time, be further amended or modified in accordance with the terms thereof.

 

5.                                       The Borrower and the Lessee, as applicable, affirm the liens and security interests created and granted in the Security Agreement and in any other Operative Agreement and agree that this Amendment shall in no manner adversely affect or impair such liens and security interests.

 

6.                                       The Lessee agrees to pay all reasonable costs and expenses of the Agent in connection with the preparation, execution and delivery of this Amendment, including, without limitation, the reasonable fees and expenses of Moore & Van Allen, PLLC.

 

7.                                       This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original, and it shall not be necessary in making proof of this Amendment to produce or account for more than one such counterpart.

 

8.                                       THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED, INTERPRETED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, EXCEPT THAT TO THE EXTENT THIS AMENDMENT AMENDS THE TRUST AGREEMENT, SUCH PORTION OF THIS AMENDMENT AMENDING THE TRUST AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED, INTERPRETED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF UTAH.

 

[Remainder of Page Intentionally Left Blank]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective officers thereunto duly authorized as of the day and year first above written.

 

 

CONSTRUCTION AGENT AND LESSEE:

SABRE INC., as the Construction Agent and as the Lessee

 

 

 

 

 

By:

/s/ James F. Murphy

 

 

Name:

James F. Murphy

 

 

Title:

SVP, Corp. Development - Treasurer

 

 

 

 

 

 

[signatures pages continue]

 

 

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OWNER TRUSTEE AND LESSOR:

FIRST SECURITY BANK, NATIONAL ASSOCIATION, not individually, except as expressly stated herein, but solely as the Owner Trustee under the TSG Trust 1999-1

 

 

 

 

 

By:

/s/ Val T. Orton

 

 

Name:

Val T. Orton

 

 

Title:

Vice President

 

 

 

 

 

 

 

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AGENT AND LENDERS:

BANK OF AMERICA, N.A., as a Lender and as the Agent

 

 

 

 

 

By:

/s/ Kevin C. Leader

 

 

Name:

Kevin C. Leader

 

 

Title:

Managing Director

 

 

 

 

 

 

 

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CITIBANK, N.A., as a Lender

 

 

 

 

 

By:

/s/ Michael Boster

 

 

Name:

Michael Boster

 

 

Title:

Vice President

 

 

 

 

 

 

 

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FIRST UNION NATIONAL BANK, as a Lender

 

 

 

 

 

By:

/s/ Laura B. Smith

 

 

Name:

Laura B. Smith

 

 

Title:

Vice President

 

 

 

 

 

 

 

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BANCA COMMERCIALE ITALIANA - LOS ANGELES FOREIGN BRANCH, as a Lender

 

 

 

 

 

By:

/s/ J. Dickerhof

 

 

Name:

J. Dickerhof

 

 

Title:

VP

 

 

 

 

 

 

 

 

By:

/s/ Frank Maffei

 

 

Name:

Frank Maffei

 

 

Title:

Authorized Signature

 

 

 

 

 

 

 

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MORGAN GUARANTY TRUST COMPANY OF
NEW YORK, as a Lender

 

 

 

 

 

By:

/s/ Dennis Wilczer

 

 

Name:

Dennis Wilczer

 

 

Title:

Associate

 

 

 

 

 

 

 

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SUNTRUST BANK, ATLANTA, as a Lender

 

 

 

 

 

By:

/s/ Frank A. Coe

 

 

Name:

Frank A. Coe

 

 

Title:

Vice President

 

 

 

 

 

 

 

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THE BANK OF NEW YORK, as a Lender

 

 

 

 

 

By:

/s/ Ronald R. Reedy

 

 

Name:

Ronald R. Reedy

 

 

Title:

Vice President

 

 

 

 

 

 

 

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WELLS FARGO BANK (TEXAS), N.A., as a Lender

 

 

 

 

 

By:

/s/ Brent Bertino

 

 

Name:

Brent Bertino

 

 

Title:

Vice President

 

 

 

 

 

 

 

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KBC BANK N.V., as a Lender

 

 

 

 

 

By:

/s/ Jean-Pierre Diels

 

 

Name:

Jean-Pierre Diels

 

 

Title:

First Vice President

 

 

 

 

 

 

 

 

 

 

By:

/s/ Patrick A. Janssens

 

 

Name:

Patrick A. Janssens

 

 

Title:

Vice President

 

 

 

 

 

 

 

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HOLDERS:

BANK OF AMERICA, N.A., as a Holder

 

 

 

 

 

By:

/s/ Kevin C. Leader

 

 

Name:

Kevin C. Leader

 

 

Title:

Managing Director

 

 

 

 

 

 

 

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CITICORP DEL-LEASE INC., as a Holder

 

 

 

 

 

By:

/s/ Robert F. Carr

 

 

Name:

Robert F. Carr

 

 

Title:

Vice President

 

 

 

 

 

 

 

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FIRST UNION NATIONAL BANK, as a Holder

 

 

 

 

 

By:

/s/ Laura B. Smith

 

 

Name:

Laura B. Smith

 

 

Title:

Vice President

 

 

 

 

 

 

 

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BANCA COMMERCIALE ITALIANA - LOS ANGELES FOREIGN BRANCH, as a Holder

 

 

 

 

 

By:

/s/ J. Dickerhof

 

 

Name:

J. Dickerhof

 

 

Title:

VP

 

 

 

 

 

 

 

 

By:

/s/ Frank Maffei

 

 

Name:

Frank Maffei

 

 

Title:

Authorized Signature

 

 

 

 

 

 

 

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MORGAN GUARANTY TRUST COMPANY OF
NEW YORK, as a Holder

 

 

 

 

 

By:

/s/ Dennis Wilczer

 

 

Name:

Dennis Wilczer

 

 

Title:

Associate

 

 

 

 

 

 

 

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SUNTRUST BANK, ATLANTA, as a Holder

 

 

 

 

 

By:

/s/ Frank A. Coe

 

 

Name:

Frank A. Coe

 

 

Title:

Vice President

 

 

 

 

 

 

 

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THE BANK OF NEW YORK, as a Holder

 

 

 

 

 

By:

/s/ Ronald R. Reedy

 

 

Name:

Ronald R. Reedy

 

 

Title:

Vice President

 

 

 

 

 

 

 

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WELLS FARGO BANK (TEXAS), N.A., as a Holder

 

 

 

 

 

By:

/s/ Brent Bertino

 

 

Name:

Brent Bertino

 

 

Title:

Vice President

 

 

[signatures pages end]

 

 

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