EX-10.10 15 exhibit1010-sx1.htm EX-10.10 Document
Exhibit 10.10
Execution Version
SIXTH OMNIBUS AMENDMENT
This SIXTH OMNIBUS AMENDMENT, dated as of July 27, 2021 (this “Amendment”), is entered into by and among ALLIANCE LAUNDRY SYSTEMS LLC, a Delaware limited liability company (“ALS”), ALLIANCE LAUNDRY EQUIPMENT RECEIVABLES 2015 LLC, a Delaware limited liability company (“ALER”), ALLIANCE LAUNDRY EQUIPMENT RECEIVABLES TRUST 2015-A, a Delaware statutory trust (the “Issuer”), THE BANK OF NEW YORK MELLON, a New York banking corporation, as trustee under the Indenture (the “Indenture Trustee”), each of the NOTE PURCHASERS listed on the signature pages hereto (collectively, the “Note Purchasers”), each of the FUNDING AGENTS for the Purchaser Groups listed on the signature pages hereto (collectively, the “Funding Agents”) and PNC BANK, NATIONAL ASSOCIATION, as administrative agent for the Note Purchasers (the “Administrative Agent”).
BACKGROUND:
1.    ALS, ALER and the Issuer are parties to that certain Amended and Restated Pooling and Servicing Agreement, dated as of June 8, 2018 (as amended by that certain First Omnibus Amendment, dated as of August 31, 2018, that certain Second Omnibus Amendment, dated as of October 12, 2018, that certain Third Omnibus Amendment, dated as of March 19, 2019, that certain Fourth Omnibus Amendment, dated as of February 21, 2020, that certain First Amendment to Pooling and Servicing Agreement, dated as of April 16, 2020, that certain Fifth Omnibus Amendment, dated as of October 9, 2020 and as further amended, restated, supplemented or otherwise modified through the date hereof, together with all exhibits and schedules thereto, the “Pooling and Servicing Agreement”);
2.    ALS, ALER, the Issuer, the Note Purchasers, the Funding Agents and the Administrative Agent are parties to that certain Amended and Restated Note Purchase Agreement, dated as of June 8, 2018 (as amended by that certain First Omnibus Amendment, dated as of August 31, 2018, that certain Second Omnibus Amendment, dated as of October 12, 2018, that certain Third Omnibus Amendment, dated as of March 19, 2019, that certain Fourth Omnibus Amendment, dated as of February 21, 2020, that certain Fifth Omnibus Amendment, dated as of October 9, 2020 and as further amended, restated, supplemented or otherwise modified through the date hereof, together with all exhibits and schedules thereto, the “Note Purchase Agreement”);
3.    The Issuer and the Indenture Trustee are parties to that certain Amended and Restated Indenture, dated as of June 8, 2018 (as amended by that certain Second Omnibus Amendment, dated as of October 12, 2018, that certain Fourth Omnibus Amendment, dated as of February 21, 2020, that certain Fifth Omnibus Amendment, dated as of October 9, 2020 and as further amended, restated, supplemented or otherwise modified through the date hereof, together with all exhibits and schedules thereto, the “Indenture” and, together with the Pooling and Servicing Agreement and the Note Purchase Agreement, the “Agreements”);
4.    ALS, ALER, the Issuer, the Administrative Agent, the Funding Agents and the Note Purchasers desire to amend the Agreements as hereinafter set forth; and



5.    The consent of each of the Noteholders is necessary for such amendments to be effective, and each of the Noteholders, by executing this Amendment, has consented to such amendments.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1.    Certain Defined Terms. Capitalized terms used herein without definition shall have the meanings ascribed thereto in Part I of Appendix A to the Pooling and Servicing Agreement.
2.    Amendments. As of the Effective Date (as defined below), the Agreements are hereby amended as follows:
(a)    Pooling and Servicing Agreement.  The parties to the Pooling and Servicing Agreement hereby agree that the Pooling and Servicing Agreement is amended as set forth in the “changed pages” attached hereto as Annex 1.
(b)    Note Purchase Agreement.  The parties to the Note Purchase Agreement hereby agree that the Note Purchase Agreement is amended as set forth in the “changed pages” attached hereto as Annex 2.
(c)    Indenture.  The parties to the Indenture hereby agree that the Indenture is amended as set forth in the “changed pages” attached hereto as Annex 3.
(d)    Each of the parties hereto agrees that, effective as of the date hereof, the Pooling and Servicing Agreement, the Note Purchase Agreement and the Indenture shall be amended to delete the stricken text in red (indicated textually in the same manner as the following example: stricken text), to add the double-underlined text in blue (indicated textually in the same manner as the following example: double-underlined text), to move from its location the stricken text in green (indicated textually in the same manner as the following example: moved from text) and to move into its new location the double-underlined text in green (indicated textually in the same manner as the following example: move to text) as set forth in Annex 1, Annex 2 and Annex 3 attached hereto.
3.    Issuer Order, Noteholder Direction and Registered Owner Instruction.
(a)    The Issuer hereby authorizes and directs the Indenture Trustee to execute this Amendment.
(b)    The Noteholders hereby direct the Indenture Trustee to execute this Amendment.
(c)    ALER, as the sole Registered Owner, hereby instructs Wilmington Trust, National Association, not in its individual capacity but solely as Owner Trustee on behalf of the Issuer, to execute this Amendment.
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4.    Conditions to Effectiveness. This Amendment shall become effective (the “Effective Date”) upon:
(a)    the Administrative Agent’s receipt of counterparts of this Amendment, duly executed by the parties hereto; and
(b)    the Issuer shall have paid all fees and other amounts due and payable on or prior to the date hereof pursuant to the Basic Documents, to the extent invoiced, including the fees and disbursements invoiced through the date hereof of the Administrative Agent’s special counsel, Mayer Brown LLP.
5.    Effect of Amendment. Except as expressly amended and modified by this Amendment, all provisions of each Agreement shall remain in full force and effect. After this Amendment becomes effective, all references in any Agreement to “this Agreement”, “this Indenture”, “hereof”, “herein” or words of similar effect referring to the Agreement in which such reference is made shall be deemed to be references to such Agreement as amended by this Amendment. This Amendment shall not be deemed to expressly or impliedly amend or supplement any provision of any Agreement other than as set forth herein.
6.    Representations and Warranties.
(a)    Each of the Issuer, ALER and ALS makes each of its respective representations and warranties contained in Article VII of the Pooling and Servicing Agreement, as applicable (after giving effect to this Amendment).
(b)    Each of the parties hereto represents and warrants that this Amendment has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation.
7.    Consent. Pursuant to each Agreement, each of the Administrative Agent and each Note Purchaser agrees, as to itself only, that all notices required to be delivered to it and all consents required to be given by it in connection with this Amendment have been provided, and each such party hereby consents to the terms of the amendments to the Agreements contained in this Amendment.
8.    Counterparts. This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, and each counterpart shall be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or electronic mail shall be effective as delivery of a manually executed counterpart of this Amendment.
9.    Governing Law. This Amendment shall be governed by, and construed in accordance with, the law of the State of New York; provided, however, that the duties and immunities of the Owner Trustee hereunder shall be governed by the laws of the State of Delaware.
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10.    Section Headings. The various headings of this Amendment are inserted for convenience only and shall not affect the meaning or interpretation of this Amendment or the Agreements or any provision hereof or thereof.
11.    Indenture Trustee’s Responsibility. The Indenture Trustee shall have no responsibility for the validity or sufficiency of this Amendment, nor for the recitals herein.
12.    Limitation of Owner Trustee Liability. It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by Wilmington Trust, National Association, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by Wilmington Trust, National Association but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on Wilmington Trust, National Association, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, (d) Wilmington Trust, National Association has made no investigation as to the accuracy or completeness of any representations and warranties made by the Issuer in this Amendment and (e) under no circumstances shall Wilmington Trust, National Association be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment or any other related documents.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective officers as of the day and year first above written.
ALLIANCE LAUNDRY EQUIPMENT
RECEIVABLES TRUST 2015-A
By:Wilmington Trust, National Association,
not in its individual capacity but solely
as Owner Trustee
By:/s/ Brandt McCammon                                                   
Name:
Title:
                     Brandt McCammon
                   Assistant Vice President



ALLIANCE LAUNDRY SYSTEMS LLC
By:/s/ Stephen Bodmann                                                     
Name:  Stephen Bodmann
Title:    Vice President, Treasurer
ALLIANCE LAUNDRY EQUIPMENT
RECEIVABLES 2015 LLC
By:/s/ Stephen Bodmann                                                     
Name:  Stephen Bodmann
Title:    Vice President, Treasurer



Solely with respect to Sections 2(a) and 2(c) hereof:
THE BANK OF NEW YORK MELLON, not in its
individual capacity but solely as Indenture Trustee
By:/s/ Esther Antoine                                                       
Name:
           Esther Antoine
Title:               VICE PRESIDENT



PNC BANK, NATIONAL ASSOCIATION,
as Administrative Agent
By:/s/ Roger Yuen                                                          
Name:  Roger Yuen
Title:    Senior Vice President
PNC CAPITAL MARKETS LLC,
By:/s/ Roger Yuen                                                         
Name:  Roger Yuen
Title:    Managing Director



PNC PURCHASER GROUP:
PNC BANK, NATIONAL ASSOCIATION, as
Committed Purchaser and as Funding Agent
By:/s/ Roger Yuen                                                         
Name:  Roger Yuen
Title:    Senior Vice President



FIFTH THIRD PURCHASER GROUP:
FIFTH THIRD BANK, NATIONAL ASSOCIATION, as
Committed Purchaser and as Funding Agent
By:/s/ Dylan James                                                        
Name:    Dylan James
Title:      Officer



BMO PURCHASER GROUP:
 ВMO CAРITAL MARKETS CORP., as Funding
Agent
By:/s/ John Pappano                                                        
Name:   John Pappano
Title:     Managing Director



BANK OF MONTREAL, as Committed Purchaser
By:/s/ Karen Louie                                                        
Name:   Karen Louie
Title:   Director



FAIRWAY FINANCE COMPANY, LLC, as CP
Conduit
By:/s/ Denise Veidt                                                        
Name:
  Denise Veidt
Title:  Vice President