EX-7.04 5 w73308exv7w04.htm EX-7.04 exv7w04
Exhibit 7.04
EXECUTION VERSION
FIRST COMMITMENT INCREASE AMENDMENT TO CREDIT AGREEMENT
          This Amendment dated as of September 28, 2007 (this “Amendment”) is entered into by COX ENTERPRISES, INC., a Delaware corporation (the “Company”), the Persons identified on Schedule A hereto as the Increase Lenders (the “Increase Lenders”), and JPMORGAN CHASE BANK, N.A., as Administrative Agent under the Credit Agreement dated as of July 26, 2006 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Company, the Lenders party thereto and the Administrative Agent.
          This Amendment is entered into pursuant to Section 2.01(d)(iii) of the Credit Agreement. The parties hereto hereby agree as follows:
          1. Defined Terms. Capitalized terms which are defined in the Credit Agreement and not otherwise defined herein have the meanings given in the Credit Agreement.
          2. Commitment Increase. Effective on September 28, 2007, subject to satisfaction of the conditions of effectiveness of this Amendment set forth in Section 3 hereof on or prior to such date (such date, subject to satisfaction of such conditions, the “Effective Date”):
          (a) The Company confirms and agrees that (i) it has requested an increase in the aggregate Revolving Commitments in the amount of $500,000,000 from the Increase Lenders pursuant to and on the terms set forth in Section 2.01(d) of the Credit Agreement, effective on the Effective Date, (ii) the Company will cause the Effective Date to be the first day of an Interest Period for all Conventional Revolving Loans then outstanding, (iii) on the Effective Date the Company will borrow (and hereby requests funding of) Conventional Revolving Loans from the Increase Lenders in the amounts required by Section 2.01(d)(iv) of the Credit Agreement for application as therein set forth and (iv) prior to the Effective Date the Company will deliver to the Administrative Agent a timely Interest Election Request which will apply equally and ratably to all Conventional Revolving Loans outstanding on the Effective Date, including those funded on the Effective Date by the Increase Lenders.
          (b) Each Increase Lender agrees that (i) effective on and at all times after the Effective Date, in addition to all Revolving Commitments of such Lender (if any) outstanding prior to the Effective Date, such Increase Lender will be bound by all obligations of a Lender under the Credit Agreement in respect of an additional Revolving Commitment in the amount set forth next to the name of such Increase Lender on Schedule A hereto and (ii) on the Effective Date such Increase Lender will fund Conventional Revolving Loans in the amount required by Section 2,01(d)(iv) of the Credit Agreement for application as therein set forth. On the Effective Date, each Increase Lender which was not a Lender prior to the Increase Effective Date will become a Lender for all purposes of the Credit Agreement.
          (c) Exhibit 2.01(a) to the Credit Agreement is hereby amended and restated in its entirety to read as set forth on Schedule B hereto, so as to reflect (i) the additional Revolving Commitment of each Increase Lender as set forth in Schedule A hereto and the pro rata share that such Revolving Commitment bears to the aggregate Revolving Commitments after giving effect to this Amendment, (ii) assignments recorded in the Register after the Closing Date and (iii) adjustment of the pro rata shares of the Lenders as necessary to reflect the addition of each such additional Revolving Commitment and its pro rata share and to give effect to such

 


 

EXECUTION VERSION
assignments. Each additional Revolving Commitment set forth in Schedule A hereto is hereby added to the Register.
          (d) The obligations of the Increase Lenders hereunder are in all respects several and not joint. No Increase Lender is or ever shall be in any respect responsible or liable for any obligation of any other Increase Lender.
          3. Effectiveness. This Amendment will become effective upon satisfaction of the following conditions precedent on or before September 28, 2007:
          (a) Execution and delivery of this Amendment by the Administrative Agent and receipt by the Administrative Agent of counterparts of this Amendment (or, in the case of Increase Lenders, photocopies thereof sent by fax, pdf or other electronic means, each of which shall be enforceable with the same effect as a signed original) executed and delivered by the Company and each Increase Lender.
          (b) Receipt by the Administrative Agent of (i) an executed opinion of counsel for the Company identified in and substantially in the form attached hereto as Exhibit A and (ii) an executed certificate of a financial officer of the Company substantially in the form attached hereto as Exhibit B, (iii) to the extent invoiced, payment of all reasonable legal expenses incurred by the Administrative Agent in connection with this Amendment or the increase in the Revolving Commitments reflected hereby and (iv) such other documentation as the Administrative Agent may reasonably request.
          4. Representation and Warranties. The Company represents and warrants that, after giving effect to the provisions of this Amendment, (a) each of the representations and warranties made by the Company in Article VI of the Credit Agreement are true in all material respects on and as of the date hereof as if made on and as of such date, except to the extent that such representations and warranties refer to an earlier date, in which case they are true in all material respects as of such earlier date and except that for this purpose only the date “December 31, 2005” in the last sentence of Section 6.02 of the Credit Agreement shall be changed to “December 31, 2006”, and (b) no Default or Event of Default has occurred and is continuing.
          5. Continuing Effect of the Credit Agreement. This Amendment is limited solely to the matters expressly set forth herein and does not constitute a waiver of any Default or Event of Default or a consent to any future action or event. As modified and amended hereby, the Credit Agreement remains in full force and effect.
          6. Miscellaneous. The provisions of Sections 13.01, 13.04, 13.06, 13.07(a), 13.08, 13.09, 13.10 13.12 and 13.13 shall apply with like effect to this Amendment.
[remainder of page intentionally left blank]

 


 

EXECUTION VERSION
          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written.
         
  COX ENTERPRISES, INC.
 
 
  By:   /s/ Susan W. Coker /s/    
    Name:   Susan W. Coker   
    Title:   Vice President & Treasurer   
 
  JP MORGAN CHASE BANK, N.A., as
Administrative Agent and as an Increase Lender
 
 
  By:   /s/ Ann B. Kerns /s/    
    Name:   Ann B. Kerns   
    Title:   Vice President   
 
  CITIBANK, N.A., as an Increase Lender
 
 
  By:   /s/ Julio Ojea Quintana /s/    
    Name:   Julio Ojea Quintana   
    Title:   Managing Director   
 
  WACHOVIA BANK, NATIONAL ASSOCIATION,
as an Increase Lender
 
 
  By:   /s/ Mark L. Cook /s/    
    Name:   Mark L. Cook   
    Title:   Director   
 
  LEHMAN COMMERCIAL PAPER, INC, as an Increase
Lender
 
 
  By:   /s/ Janine M. Shugan /s/    
    Name:   Janine M. Shugan   
    Title:   Authorized Signatory   
 
Signature Page to First Commitment Increase Amendment to Credit Agreement

 


 

EXECUTION VERSION
         
  THE BANK OF TOKYO-MITSUBISHI UFJ. LTD.,
NEW YORK BRANCH, as an Increase Lender
 
 
  By:   /s/ J. Carlos /s/    
    Name:   J. Carlos   
    Title:   Authorized Signatory   
 
  BARCLAYS BANK PLC, as an Increase Lender
 
 
  By:   /s/ Nicholas A. Bell /s/    
    Name:   Nicolas A. Bell   
    Title:   Director   
 
  BANK OF AMERICA, N.A., as an Increase Lender
 
 
  By:   /s/ Christopher T. Ray /s/    
    Name:   Christopher T. Ray   
    Title:   Vice President   
 
  THE BANK OF NOVA SCOTIA, as an Increase Lender
 
 
  By:   /s/ Brenda S. Insull /s/    
    Name:   Brenda S. Insull   
    Title:   Authorized Signatory   
 
  CAYLON, NEW YORK BRANCH, as an Increase Lender
 
 
  By:   /s/ John McCloskey /s/    
    Name:   John McCloskey   
    Title:   Managing Director   
 
     
  By:   /s/ Michael George /s/    
    Name:   Michael George   
    Title:   Managing Director   
 

 


 

EXECUTION VERSION
         
  DEUTSCHE BANK AG NEW YORK BRANCH, as an
Increase Lender
 
 
  By:   /s/ Andreas Neumeier /s/    
    Name:   Andreas Neumeier   
    Title:   Director   
 
     
  By:   /s/ Yvonne Tilden /s/    
    Name:   Yvonne Tilden   
    Title:   Director   
 
  MIZUHO CORPORATE BANK, LTD., as an Increase
Lender
 
 
  By:   /s/ Makoto Murata /s/    
    Name:   Makoto Murata   
    Title:   Deputy General Manager   
 
  THE ROYAL BANK OF SCOTLAND PLC, as an
Increase Lender
 
 
  By:   /s/ Andrew Wynn /s/    
    Name:   Andrew Wynn   
    Title:   Managing Director   
 
  SUMITOMO MITSUI BANKING CORPORATION, as
an Increase Lender
 
 
  By:   /s/ Leo E. Pagarigan /s/    
    Name:   Leo E. Pagarigan   
    Title:   General Manager   
 
  SUNTRUST BANK, as an Increase Lender
 
 
  By:   /s/ E. Matthew Schaaf IV /s/    
    Name:   E. Matthew Schaaf IV   
    Title:   Vice President   
 

 


 

EXECUTION VERSION
         
  THE BANK OF NEW YORK, as an Increase Lender
 
 
  By:   /s/ Lily A. Dastur /s/    
    Name:   Lily A. Dastur   
    Title:   Vice President   
 
  BNP PARIBAS, as an Increase Lender
 
 
  By:   /s/ Nuala Marley /s/    
    Name:   Nuala Marley   
    Title:   Managing Director   
 
  UBS LOAN FINANCE LLC, as an Increase Lender
 
 
  By:   /s/ Mary E. Evans /s/    
    Name:   Mary E. Evans   
    Title:   Associate Director   
 
     
  By:   /s/ Irja R. Otsa /s/    
    Name:   Irja R. Otsa   
    Title:   Associate Director   
 
  BAYERISCHE LANDESBANK, CAYMAN ISLANDS
BRANCH, as an Increase Lender
 
 
  By:   /s/ Matthew DeCarlo /s/    
    Name:   Matthew DeCarlo   
    Title:   Vice President   
 
     
  By:   /s/ Donna M. Quilty /s/    
    Name:   Donna M. Quilty   
    Title:   Vice President   
 

 


 

EXECUTION VERSION
         
  COMMERZBANK AG, NEW YORK AND GRAND
CAYMAN BRANCHES, as an Increase Lender
 
 
  By:   /s/ Edward C.A. Forsberg, Jr. /s/    
    Name:   Edward C.A. Forsberg Jr.   
    Title:   SVP & Manager   
 
     
  By:   /s/ Nivedita Persaud /s/    
    Name:   Nivedita Persaud   
    Title:   Vice President   
 
  CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as
an Increase Lender
 
 
  By:   /s/ Doreen Barr /s/    
    Name:   Doreen Barr   
    Title:   Vice President   
 
     
  By:   /s/ Morenikeji Ajayi /s/    
    Name:   Morenikeji Ajayi   
    Title:   Associate   
 
  MERRILL LYNCH BANK USA, as an Increase Lender
 
 
  By:   /s/ Louis Alder /s/    
    Name:   Louis Alder   
    Title:   Director   
 
  MORGAN STANLEY BANK, as an Increase Lender
 
 
  By:   /s/ Daniel Twenge /s/    
    Name:   Daniel Twenge   
    Title:   Authorized Signatory   
 

 


 

EXECUTION VERSION
         
  WILLIAM STREET COMMITMENT CORPORATION
(RECOURSE ONLY TO THE ASSETS OF WILLIAM
STREET COMMITMENT CORPORATION), as an
Increase Lender
 
 
  By:   /s/ Mark Walton /s/    
    Name:   Mark Walton   
    Title:   Assistant Vice President   
 
  COBANK ACB, as an Increase Lender
 
 
  By:   /s/ Kevin Oliver /s/    
    Name:   Kevin Oliver   
    Title:   Assistant Vice President   
 
  COMERICA BANK, as an Increase Lender
 
 
  By:   /s/ John M. Costa /s/    
    Name:   John M. Costa   
    Title:   First Vice President   
 
  E.SUN COMMERCIAL BANK, LTD, LOS ANGELES
BRANCH, as an Increase Lender
 
 
  By:   /s/ Benjamin Lin /s/    
    Name:   Benjamin Lin   
    Title:   EVP & General Manager   
 
  FIFTH THIRD BANK, as an Increase Lender
 
 
  By:   /s/ Brian J. Blomeke /s/    
    Name:   Brian J. Blomeke   
    Title:   Vice President   
 

 


 

EXECUTION VERSION
         
  ING CAPITAL LLC, as an Increase Lender
 
 
  By:   /s/ Loring Guessous /s/    
    Name:   Loring Guessous   
    Title:   Managing Director   
 
  LLOYDS TSB BANK, as an Increase Lender
 
 
  By:   /s/ Mario Del Duca /s/    
    Name:   Mario Del Duca   
    Title:   Associate Director   
 
     
  By:   /s/ Carlos Lopez /s/    
    Name:   Carlos Lopez   
    Title:   Associate Director   
 
  NORTHERN TRUST, as an Increase Lender
 
 
  By:   /s/ Jason Simon /s/    
    Name:   Jason Simon   
    Title:   Officer   
 
  REGIONS BANK, as an Increase Lender
 
 
  By:   /s/ Stephen H. Lee /s/    
    Name:   Stephen H. Lee   
    Title:   Senior Vice President   
 
  U.S. BANK NATIONAL ASSOCIATION, as an
Increase Lender
 
 
  By:   /s/ Susan Kreutz /s/    
    Name:   Susan Kreutz   
    Title:   Assistant Vice President   
 

 


 

EXECUTION VERSION
         
  WELLS FARGO BANK, NATIONAL ASSOCIATION,
as an Increase Lender
 
 
  By:   /s/ Alex Idichandy /s/    
    Name:   Alex Idichandy   
    Title:   Senior Vice President   
 
  FIRST HAWAIIAN BANK, as an Increase Lender
 
 
  By:   /s/ Jeffrey N. Higashi /s/    
    Name:   Jeffrey N. Higashi   
    Title:   Vice President