-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B4ZEBIVKqJBbQ3Xeg1lho5Rg6XqwNpjLrNAMEFZky48YKMjLQ33KcFWe2IvgBlyj Bd90gIIz1sVeviiF9tLXjw== 0000950123-05-004188.txt : 20050407 0000950123-05-004188.hdr.sgml : 20050407 20050407140746 ACCESSION NUMBER: 0000950123-05-004188 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050406 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050407 DATE AS OF CHANGE: 20050407 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TEAM HEALTH INC CENTRAL INDEX KEY: 0001086795 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISC HEALTH & ALLIED SERVICES, NEC [8090] IRS NUMBER: 621562558 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-80337 FILM NUMBER: 05738928 BUSINESS ADDRESS: STREET 1: 1900 WINSTON RD CITY: KNOXVILLE STATE: TN ZIP: 37919 BUSINESS PHONE: 8003422898 MAIL ADDRESS: STREET 1: 1900 WINSTON RD CITY: KNOXVILLE STATE: TN ZIP: 37919 8-K 1 y07582e8vk.txt FORM 8-K ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): April 6, 2005 Team Health, Inc. (Exact Name of Registrant As Specified In Charter)
Tennessee 333-80337 62-1562558 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
1900 Winston Road Knoxville, TN 37919 (Address of Principal Executive Offices, including Zip Code) (865) 693-1000 (Registrant's telephone number, including area code) Not applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ================================================================================ Item 1.01. Entry Into a Material Definitive Agreement. On April 6, 2005, Team Health, Inc. amended the Credit Agreement, dated as of March 23, 2004, by and among Team Health, Inc., Team Health Holdings, L.L.C., the Subsidiary Guarantors (as defined therein), the Lenders (as defined therein), and Bank of America, N.A (the "Credit Agreement," filed as Exhibit 10.21 to Form 10-Q dated March 31, 2004). The amendment provides for Team Health, Inc. to (i) refinance and replace in part all outstanding Tranche B Term Loans under the Credit Agreement with a new class of Tranche C Term Loans under the Credit Agreement up to an aggregate principal amount of $203,125,000, having substantially similar terms with, and having substantially similar rights and obligations, as the Tranche B Term Loans, and (ii) simultaneously prepay in full all remaining Tranche B Term Loans not so refinanced and replaced in connection with the transactions contemplated thereby. The refinancing and replacement of the Tranche B Term Loans with Tranche C Term Loans reduces the applicable interest rate and allows Team Health, Inc. to repurchase a portion of its outstanding senior subordinated notes under certain circumstances. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The description of the amendment to the Credit Agreement contained in Item 1.01 of this report is hereby incorporated by reference into this Item 2.03. Item 9.01. Financial Statements and Exhibits. (c) Exhibits furnished pursuant to Items 1.01 and 2.03. Exhibit No. Description - ----------- ----------- 10.30 First Amendment to Credit Agreement SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Team Health, Inc. (Registrant) /s/ Robert J. Abramowski -------------------------------------- Date: April 6, 2005 Robert J. Abramowski Executive Vice President of Finance and Administration EX-10.30 2 y07582exv10w30.txt FIRST AMENDMENT TO THE CREDIT AGREEMENT Exhibit 10.30 EXECUTION COPY FIRST AMENDMENT TO CREDIT AGREEMENT THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this "Amendment"), dated as of April 6, 2005, is by and among Team Health, Inc. (the "Borrower"), the Guarantors, the Lenders parties hereto and Bank of America, N.A., as Administrative Agent. RECITALS A. The Borrower, the Guarantors, the Lenders and the Administrative Agent entered into that certain Credit Agreement dated as of March 23, 2004 (the "Existing Credit Agreement"); B. The Borrower desires to (i) refinance and replace in part all outstanding Tranche B Term Loans under the Credit Agreement with a new class of Tranche C Term Loans (hereinafter defined) under the Credit Agreement up to an aggregate principal amount of $203,125,000, having substantially similar terms with, and having substantially similar rights and obligations under the Loan Documents, as the Tranche B Term Loans, as set forth in the Loan Documents, except as such terms are amended hereby, and (ii) simultaneously prepay in full all remaining Tranche B Term Loans not so refinanced and replaced in connection with the transactions contemplated hereunder; C. Each Lender holding Tranche B Term Loans who executes and delivers this Amendment shall be deemed, upon the effectiveness of this Amendment, to have exchanged its Tranche B Term Loan Commitment and Tranche B Term Loans (which Tranche B Term Loan Commitment and Tranche B Term Loans shall thereafter be deemed terminated, it being understood and agreed, however, that, notwithstanding anything set forth herein to the contrary, the Tranche C Term Loan Commitments (hereinafter defined) and Tranche C Term Loans amend and restate in their entirety, and are not in payment or satisfaction of, such Tranche B Term Loan Commitments and such Tranche B Term Loans and there is no novation of such Tranche B Term Loan Commitments or such Tranche B Term Loans) for a Tranche C Term Loan Commitment and Tranche C Term Loans in the same aggregate principal amount as such Lender's outstanding Tranche B Term Loan Commitment and Tranche B Term Loans, respectively, as in effect as of the date hereof after giving effect to any prepayments made by the Borrower on the date hereof and, if applicable, the pro rata application of the proceeds of any Tranche C Term Loans funded by new Lenders on the date hereof and applied as further described in Recital D below; D. Each Person who executes and delivers this Amendment as a lender other than pursuant to an exchange of Tranche B Term Loans described in Section 2.01(c) of the Credit Agreement as amended hereby, will make Tranche C Term Loans to the Borrower on the date hereof in an aggregate principal amount equal to the amount set forth opposite its name on Schedule 2.01 to the Credit Agreement under the caption "Tranche C Term Loan Commitment", the proceeds of which will be used by the Borrower (i) to refinance in full the outstanding principal amount of Tranche B Term Loans of the Lenders holding outstanding Tranche B Term Loans, if any, who do not execute and deliver this Amendment, or (ii) if all Lenders holding Tranche B Term Loans do execute and deliver this Amendment, to further reduce on a pro rata basis the outstanding amount of the Tranche C Term Loan to be funded by each such Lender in the form of a Converted Tranche B Term Loan as described in Section 2.01(c) of the Credit Agreement as amended hereby; E. The proceeds of the Tranche C Term Loans shall be used by the Borrower to refinance and replace in part the outstanding Tranche B Term Loans, and all remaining Tranche B Term Loans not so refinanced and replaced shall be simultaneously repaid in full by the Borrower; F. The Borrower has requested that the Lenders amend the Existing Credit Agreement (a) to effect the changes described above and (b) to make other amendments as described below; and G. The Required Lenders have agreed, subject to the terms and conditions hereinafter set forth, to amend the Existing Credit Agreement in certain respects as set forth below. NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 1. Certain Definitions. (A) The following term used in this Amendment, including its preamble and recitals, has the following meaning: "Amended Credit Agreement" means the Existing Credit Agreement as amended hereby. (B) Unless otherwise defined herein or the context otherwise requires, terms used in this Amendment, including its preamble and recitals, have the meanings provided in the Amended Credit Agreement. 2. Amendments to Existing Credit Agreement. Effective upon satisfaction of the conditions precedent set forth in Section 3 below, the Existing Credit Agreement is hereby amended as follows: (A) Section 1.01. (i) The definition of "Applicable Rate" set forth in Section 1.01 of the Existing Credit Agreement is hereby amended in its entirety to read as follows: "Applicable Rate" means: (a) for the purposes of calculating the Letter of Credit Fees and the interest rate applicable to Revolving Loans and Swing Line Loans, the following percentages per annum, based upon the Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 7.01(a) or (b): 2
Revolving Loans that are Base Pricing Letters of Revolving Loans that are Rate Loans and Swing Line Level Leverage Ratio Credit Eurodollar Rate Loans Loans - ------- ---------------------- ---------- ------------------------ ----------------------------- 1 < or = 3.25 to 1.0 1.75% 1.75% 0.75% 2 < or = 3.75 to 1.0 but 2.00% 2.00% 1.00% > 3.25 to 1.0 3 < or = 4.25 to 1.0 but 2.25% 2.25% 1.25% > 3.75 to 1.0 4 < or = 4.75 to 1.0 but 2.50% 2.50% 1.50% > 4.25 to 1.0 5 > 4.75 to 1.0 2.75% 2.75% 1.75%
and (b) for the purposes of calculating the interest rate applicable to Tranche C Term Loans, the following percentages per annum based upon the Debt Ratings set forth below:
Tranche C Term Loans Pricing Debt Ratings ----------------------------------------- Level S&P / Moody's Eurodollar Rate Loans Base Rate Loans - ------- ------------------------------------------------- --------------------- --------------- 1 BB- (stable) or better AND 2.25% 1.25% Ba3 (stable) or better 2 Less than Pricing Level 1 and at least 2.50% 1.50% either: (i) B+ (stable) and Ba3 (stable) OR (ii) BB- (stable) and B1 (stable) 3 Less than Pricing Level 2 and at least B+ 2.75% 1.75% (negative) and B1 (stable) 4 Less than Pricing Level 3 and at least B 3.00% 2.00% (stable) and B2 (stable) 5 Any other combination of Debt Ratings (or the 3.25% 2.25% absence of a Debt Rating) where neither Pricing Level 1, 2, 3 or 4 apply
Any increase or decrease in the Applicable Rate for Letter of Credit Fees, Revolving Loans and Swing Line Loans resulting from a change in the Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance 3 Certificate is delivered pursuant to Section 7.01(a) or (b), as applicable; provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then the Pricing Level from the table in clause (a) above that is one Level higher than the Level theretofore in effect (with Pricing Level 5 of the applicable table being the highest Level) shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall continue to apply until the first Business Day immediately following the date a Compliance Certificate is delivered in accordance with Section 7.01(a) or (b), as applicable, whereupon such Applicable Rate shall be adjusted based upon the calculation of the Leverage Ratio contained in such Compliance Certificate. As of the First Amendment Effective Date, the Applicable Rate for Tranche C Term Loans shall be determined based upon Pricing Level 3 of the table set forth in clause (b) above. Thereafter, each change in the Applicable Rate for Tranche C Term Loans resulting from a publicly announced change in the Debt Ratings shall be effective during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change. (ii) The following new definitions are hereby added to Section 1.01 of the Existing Credit Agreement in the appropriate alphabetical order: "Debt Rating" means, as of any date of determination, the rating as determined by either S&P or Moody's (collectively, the "Debt Ratings") of the Borrower's non-credit-enhanced, senior secured long-term debt. "First Amendment" means the First Amendment to Credit Agreement dated as of April 6, 2005, by and among the Borrower, the Guarantors, the Lenders parties thereto and the Administrative Agent. "First Amendment Effective Date" means April 6, 2005. "Tranche C Term Loan" has the meaning specified in Section 2.01(c). "Tranche C Term Loan Commitment" means, as to each Lender (a) its obligation to make its portion of the Tranche C Term Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender's name on Schedule 2.01 and/or (b) its election pursuant to Section 2.01(c) to exchange all or any portion of its outstanding Tranche B Term Loans for a like principal amount of Tranche C Term Loans. As of the First Amendment Effective Date, the original aggregate principal amount of the Tranche C Term Loan Commitments is $203,125,000. "Tranche C Term Note" has the meaning specified in Section 2.11(a). (ii) The following definition is hereby deleted from Section 1.01 of the Existing Credit Agreement: "Tranche B Term Note". 4 (B) Section 2.01. The heading of Section 2.01 of the Existing Credit Agreement is hereby amended to read as "Revolving Loans and Term Loans", and a new subsection (c) is hereby added to Section 2.01 of the Existing Credit Agreement to read as follows: (c) Tranche C Term Loan. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (or pursuant to the immediately succeeding sentence, elects to convert all or a portion of such Lender's Tranche B Term Loans into a like portion of a new term loan) (such loans and conversions, collectively, the "Tranche C Term Loan") to the Borrower on the First Amendment Effective Date in an amount not to exceed such Lender's Tranche C Term Loan Commitment. In connection with the making of the Tranche C Term Loan pursuant to the immediately preceding sentence, any Lender holding Tranche B Term Loans may elect to make all or any portion of such Lender's Tranche C Term Loan by converting all or a portion of the outstanding principal amount of the Tranche B Term Loans of such Lender into a Tranche C Term Loan in a principal amount equal to the amount of its Tranche B Term Loans so converted (each such Tranche B Term Loan to the extent it is to be converted, a "Converted Tranche B Term Loan"). Delivery of a counterpart signature to the First Amendment by a Lender holding Tranche B Term Loans, with no other notice to the Administrative Agent, shall be deemed to be an election by such Lender to fund its pro rata share of the Tranche C Term Loan in the form of a Converted Tranche B Term Loan. On the First Amendment Effective Date, the Converted Tranche B Term Loans of all Lenders shall be converted for all purposes of this Agreement into Tranche C Term Loans, and the Administrative Agent shall record in the Registrar the aggregate amounts of Converted Tranche B Term Loans into Tranche C Term Loans. Any notice to the Administrative Agent delivered by an applicable Lender pursuant to this Section 2.01(c) shall specify the amount of such Lender's Tranche C Term Loan Commitment and the principal amount of Tranche B Term Loans held by such Lender that are to be converted into Tranche C Term Loans. Amounts repaid on the Tranche C Term Loan may not be reborrowed. The Tranche C Term Loan may consist of Base Rate Loans or Eurodollar Rate Loans, as further provided herein. The Borrower irrevocably authorizes and directs the Administrative Agent to apply the proceeds of the Tranche C Term Loan to refinance and replace the Tranche B Term Loan. (C) Section 2.05. Section 2.05(a)(i) of the Existing Credit Agreement is hereby amended in its entirety to read as follows: (a) Voluntary Prepayments of Loans. (i) Committed Loans. The Borrower may, upon notice to the Administrative Agent, at any time or from time (A) subject to the second proviso of this Section 2.05(a)(i), voluntarily prepay Base Rate Committed Loans in whole or in part without premium or penalty, and (B) subject to Section 3.05 hereof and the second proviso of this Section 2.05(a)(i), voluntarily prepay Eurodollar Rate Loans in whole or in part on the last day of the applicable Interest 5 Period without premium or penalty; provided that with respect to any such voluntary prepayment (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepayment of Base Rate Committed Loans; (B) any prepayment of Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Committed Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding), and (D) any prepayment of the Tranche C Term Loan shall be applied (1) first, to the next four Principal Amortization Payments in direct order of maturities thereof, and (2) second, ratably to the remaining Principal Amortization Payments thereof; and provided further that during the period from the First Amendment Effective Date to but excluding the first anniversary of the First Amendment Effective Date, any voluntary prepayment of the Tranche C Term Loans of any Lender using proceeds of Debt incurred by the Borrower from a substantially concurrent issuance or incurrence of syndicated term loans provided by one or more banks or other financial institutions for which the interest rate payable thereon is lower than the Eurodollar Rate on the date of such voluntary prepayment plus the Applicable Rate with respect to the Tranche C Term Loans shall be accompanied by payment of a 1% prepayment premium on the principal amount of such Lender's Tranche C Term Loan prepaid (unless such prepayment premium is waived by such Lender). Each such notice shall specify the date and amount of such prepayment and the Type(s) of Committed Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender's Pro Rata Share of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall be applied to the Committed Loans of the Lenders in accordance with their respective Pro Rata Shares. 6 (D) Section 2.07. Section 2.07(b) of the Existing Credit Agreement is hereby amended in its entirety to read as follows: (b) Tranche C Term Loan. The Borrower shall repay the outstanding principal amount of the Tranche C Term Loan in twenty-three (23) consecutive quarterly installments, commencing on June 30, 2005 (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05) and final payment on the Maturity Date of the Tranche C Term Loan, unless accelerated sooner pursuant to Section 9.02) as set forth in the following table:
PAYMENT DATES PRINCIPAL AMORTIZATION PAYMENT - ------------------------ ------------------------------ June 30, 2005 through $ 625,000 June 30, 2010 September 30, 2010 and $58,750,000 December 31, 2010 Maturity Date of Tranche Unpaid balance C Term Loans
(E) Section 7.03. Section 7.03 of the Existing Credit Agreement is hereby amended by adding the following as a new clause (g) thereof: (g) Debt Ratings. Promptly, and in any event within one (1) Business Day after the occurrence thereof, notice of any announcement by Moody's or S&P of any change or possible change in a Debt Rating. (F) Section 8.10. The proviso appearing at the end of Section 8.10 of the Existing Credit Agreement is hereby amended to read as follows: provided, (i) the Borrower may prepay or purchase Subordinated Debt or Qualified Debt Securities with Net Cash Proceeds received from an Initial Public Offering or a subsequent Public Offering to the extent such proceeds are not required to be applied to prepay the Obligations pursuant to Section 2.05(b)(v) and (ii) the Borrower may make other prepayments of the Subordinated Notes not otherwise permitted by this Section 8.10 so long as (1) no Default or Event of Default has occurred and is continuing, or would be directly or indirectly caused as a result thereof, and (2) at the time any such prepayment of the Subordinated Notes is made, the aggregate amount of all such prepayments of the Subordinated Notes under this clause (ii) made after the First Amendment Effective Date does not exceed $35,000,000. 7 (G) Modification of References. (i) All references to "Tranche B Term Loan" and "Tranche B Term Loans" appearing in the in (a) the definitions of "Assignment and Assumption", "Committed Loan", "Commitment", "Excess Cash Flow", "Interest Period", "Loan", "Maturity Date", "Outstanding Amount", "Permitted Acquisition", "Principal Amortization Payment", "Pro Rata Share" and "Qualified Debt Securities" in Section 1.01 of the Existing Credit Agreement, (b) Section 2.05, 2.11, 11.01 and 11.07 of the Existing Credit Agreement and (c) Exhibits A, C-2 and F of the Existing Credit Agreement are hereby amended and replaced with references to "Tranche C Term Loan" or "Tranche C Term Loans", as appropriate. (ii) All references to "Tranche B Term Note" and "Tranche B Term Notes" appearing in (a) the definition of "Note" in Section 1.01 of the Existing Credit Agreement, (b) Section 2.11 of the Existing Credit Agreement and (c) Exhibit C-2 of the Existing Credit Agreement are hereby amended and replaced with references to "Tranche C Term Note" or "Tranche C Term Notes", as appropriate. (H) Schedule 2.01 to the Existing Credit Agreement is hereby amended and replaced with Schedule 2.01 attached hereto. 3. Conditions Precedent. This Amendment shall become effective as of the date hereof upon satisfaction of the following conditions precedent: (A) Counterparts of Amendment. The Administrative Agent shall have received counterparts of this Amendment, which collectively shall have been duly executed on behalf of each of the Borrower, the Guarantors, the Required Lenders and each of the Lenders having a Tranche C Term Loan Commitment (as defined in the Amended Credit Agreement); (B) Resolutions; Legal Opinions, Etc. The Administrative Agent shall have received (i) copies of resolutions of the board of directors (or comparable governing authority) of each of the Loan Parties approving and adopting the Amendment and authorizing execution and delivery thereof, certified by a secretary or assistant secretary of such Loan Party to be true and correct and in force and effect as of the date hereof and (ii) a written opinion of legal counsel for the Loan Parties, dated as of the date hereof, in form and substance reasonably satisfactory to the Administrative Agent; (C) Prepayment of Remaining Tranche B Term Loans. The Borrower shall have prepaid the Tranche B Term Loans in an aggregate principal amount equal to $30,000,000, (which amount represents the outstanding principal amount of the Tranche B Term Loans not being refinanced and replaced with Tranche C Term Loans on the First Amendment Effective Date), plus accrued and unpaid interest thereon. Such payment of the Tranche B Term Loans shall constitute a voluntary prepayment of the Tranche B 8 Term Loans for the purposes of the Existing Credit Agreement notwithstanding the fact that such prepayment is required as a condition precedent to the First Amendment Effective Date, and shall be applied in accordance with the provisions of Section 2.05(a)(i) thereof. (D) Other Fees and Out of Pocket Costs. The Borrower shall have paid any and all reasonable out-of-pocket costs (to the extent invoiced) incurred by the Administrative Agent or Banc of America Securities LLC (including the reasonable fees and expenses of the Administrative Agent's legal counsel), and all other fees and other amounts payable to the Administrative Agent or Banc of America Securities LLC, in each case in connection with the arrangement, negotiation, preparation, execution and delivery of this Amendment. 4. Representations and Warranties. The Borrower hereby represents and warrants to the Administrative Agent and the Lenders that, after giving effect to this Amendment, (a) the representations and warranties set forth in Article VI of the Amended Credit Agreement are, subject to the limitations set forth therein, true and correct in all material respects as of the date hereof (except for those which expressly relate to an earlier date) and (b) no Default or Event of Default exists under the Amended Credit Agreement or any of the other Loan Documents. 5. Reaffirmation of Obligations. Each Loan Party hereby ratifies the Amended Credit Agreement and acknowledges and reaffirms (a) that it is bound by all terms of the Amended Credit Agreement applicable to it and (b) that it is responsible for the observance and full performance of its respective Obligations. Without limiting the generality of the foregoing sentence, each of the Guarantors hereby (a) jointly and severally reaffirms and ratifies its guaranty of the Obligations pursuant to Article IV of the Amended Credit Agreement, including, without limitation, all Obligations in respect of the Tranche C Term Loan, and (b) jointly and severally reaffirms and ratifies all agreements set forth in such Collateral Documents securing such guaranty, all of which shall in all respects remain in full force and effect and shall continue to guarantee and secure any and all of the Obligations, whether now existing or hereafter arising and including, without limitation, all Obligations in respect of the Tranche C Term Loan, on the same terms and conditions as are now set forth in such Collateral Documents. 6. References in Other Loan Documents. At such time as this Amendment shall become effective pursuant to the terms of Section 3 above, all references in the Credit Documents to the "Credit Agreement" shall be deemed to refer to the Amended Credit Agreement. 7. Counterparts/Telecopy. This Amendment may be executed by the parties hereto in several counterparts, each of which shall be deemed to be an original and all of which shall constitute together but one and the same agreement. This Amendment may be transmitted and/or signed by facsimile. The effectiveness of any such documents and signatures shall, subject to applicable Law, have the same force and effect as manually signed originals and shall be binding on all Loan Parties, the Administrative Agent and the Lenders. The Administrative Agent may also require that any such documents and signatures be confirmed by a manually signed original 9 thereof; provided, however, that the failure to request or deliver the same shall not limit the effectiveness of any facsimile document or signature. 8. Governing Law. THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK. 9. Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 10. Lender Acknowledgement and Agreement. Effective upon the occurrence of the First Amendment Effective Date, each of the Lenders that executes this Amendment hereby confirms, by its execution of this Amendment, its Tranche C Term Loan Commitment to make its portion of the Tranche C Term Loan to the Borrower in accordance with the provisions of Section 2.01(c) of the Amended Credit Agreement. If the undersigned Lender is already a Lender under the Existing Credit Agreement, such Lender acknowledges and agrees that such additional Commitment is in addition to any existing Commitment of such Lender thereunder. If the undersigned Lender is not already a Lender under the Existing Credit Agreement, such Lender hereby acknowledges, agrees and confirms that, by its execution of this Amendment, such Lender will, as of the First Amendment Effective Date, be a party to the Amended Credit Agreement and be bound by the provisions of the Amended Credit Agreement and, to the extent of its new Tranche C Term Loan Commitment, have the rights and obligations of a Lender thereunder. [Signatures to Follow] 10 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written. BORROWER: TEAM HEALTH, INC. By: /s/ Robert Abramowski ------------------------------------ Name: Robert Abramowski Title: Executive Vice President of Finance and Administration GUARANTORS: TEAM HEALTH HOLDINGS, L.L.C. By: /s/ Robert Abramowski ------------------------------------ Name: Robert Abramowski Title: Executive Vice President of Finance and Administration ACCESS NURSE PM, INC. AFTER HOURS PEDIATRICS, INC. AMERICAN CLINICAL RESOURCES, INC. CHARLES L. SPRINGFIELD, INC. CLINIC MANAGEMENT SERVICES, INC. CORRECTIONAL HEALTHCARE ADVANTAGE, INC. DANIEL & YEAGER, INC. DRS. SHEER, AHEARN & ASSOCIATES, INC. EMERGENCY COVERAGE CORPORATION EMERGENCY PHYSICIAN ASSOCIATES, INC. ERIE SHORES EMERGENCY PHYSICIANS, INC. GREENBRIER EMERGENCY PHYSICIANS, INC. EMERGENCY PROFESSIONAL SERVICES, INC. HEALTH CARE ALLIANCE, INC. HERSCHEL FISCHER, INC. IMBS, INC. INPHYNET CONTRACTING SERVICES, INC. INPHYNET SOUTH BROWARD, INC. KARL G. MANGOLD, INC. KELLY MEDICAL SERVICES CORPORATION By: /s/ Robert Abramowski ------------------------------------- Name: Robert Abramowski Title: Vice President and Asst. Secretary GUARANTORS (CONTINUED): MEDICAL MANAGEMENT RESOURCES, INC. MEDICAL SERVICES, INC. METROAMERICAN RADIOLOGY, INC. NORTHWEST EMERGENCY PHYSICIANS, INCORPORATED PARAGON CONTRACTING SERVICES, INC. PHYSICIAN INTEGRATION CONSULTING SERVICES, INC. QUANTUM PLUS, INC. SOUTHEASTERN EMERGENCY PHYSICIANS OF MEMPHIS, INC. SOUTHEASTERN EMERGENCY PHYSICIANS, INC. SPECTRUM CRUISE CARE, INC. SPECTRUM HEALTHCARE RESOURCES OF DELAWARE, INC. SPECTRUM HEALTHCARE RESOURCES, INC. SPECTRUM HEALTHCARE SERVICES, INC. SPECTRUM HEALTHCARE, INC. SPECTRUM PRIMARY CARE OF DELAWARE, INC. SPECTRUM PRIMARY CARE, INC. TEAM ANESTHESIA, INC. TEAM HEALTH ANESTHESIA MANAGEMENT SERVICES, INC. TEAM HEALTH FINANCIAL SERVICES, INC. TEAM RADIOLOGY, INC. TH CONTRACTING MIDWEST, LCC THE EMERGENCY ASSOCIATES FOR MEDICINE, INC. TH CONTRACTING SERVICES OF MISSOURI, LLC By: /s/ Robert Abramowski ------------------------------------- Name: Robert Abramowski Title: Vice President and Asst. Secretary GUARANTORS (CONTINUED): FISCHERMANGOLD, A CALIFORNIA GENERAL PARTNERSHIP By: Herschel Fischer, Inc., General Partner By: /s/ Robert Abramowski -------------------------------------------- Name: Robert Abramowski Title: Vice President and Asst. Secretary By: Karl G. Mangold, Inc., General Partner By: /s/ Robert Abramowski -------------------------------------------- Name: Robert Abramowski Title: Vice President and Asst. Secretary MT. DIABLO EMERGENCY PHYSICIANS, A CALIFORNIA GENERAL PARTNERSHIP By: Herschel Fischer, Inc., General Partner By: /s/ Robert Abramowski -------------------------------------------- Name: Robert Abramowski Title: Vice President and Asst. Secretary By: Karl G. Mangold, Inc., General Partner By: /s/ Robert Abramowski -------------------------------------------- Name: Robert Abramowski Title: Vice President and Asst. Secretary GUARANTORS (CONTINUED): PARAGON HEALTHCARE LIMITED PARTNERSHIP By: Inphynet Hospital Services, Inc., its general partner By: /s/ Robert Abramowski -------------------------------------------- Name: Robert Abramowski Title: Vice President and Asst. Secretary TEAM HEALTH SOUTHWEST, L.P. By: Team Radiology, Inc., its general partner By: /s/ Robert Abramowski -------------------------------------------- Name: Robert Abramowski Title: Vice President and Asst. Secretary TEAM HEALTH BILLING SERVICES, L.P. By: Team Health, Inc., its general partner By: /s/ Robert Abramowski -------------------------------------------- Name: Robert Abramowski Title: Executive Vice President of Finance and Administration BANK OF AMERICA, N.A., as Lender, L/C. Issuer and Swing Line Lender By: /s/ Gabriela Millhorn --------------------------------------------- Name: Gabriela Millhorn Title: Senior Vice President BANK OF AMERICA, N.A., as Administrative Agent By: /s/ Liliana Claar -------------------------------------- Name: LILIANA CLAAR Title: Vice President BALLANTYNE FUNDING LLC By: /s/ Meredith J. Koslick ------------------------------------ Name: Meredith J. Koslick Title: Assistant Vice President AMSOUTH BANK By: /s/ Emily Tirgrath ------------------------------------ Name: Emily Tirgrath Title: Credit Underwriter ANTARES CAPITAL CORP. By: /s/ Michael W. Chirillo --------------------------------------- Name: Michael W. Chirillo Title: Managing Director JPMORGAN CHASE BANK, AS TRUSTEE OF THE ANTARES FUNDING TRUST CREATED UNDER THE TRUST AGREEMENT DATED AS OF NOVEMBER 30, 1999. By: ___________________________________________ Name: _________________________________________ Title:_________________________________________ MARINER CDO 2002, LTD. BY: ANTARES ASSET MANAGEMENT INC., AS COLLATERAL MANAGER By: /s/ Michael W. Chirillo --------------------------------------- Name: Michael W. Chirillo Title: Vice President NAVIGATOR CDO 2003, LTD BY: ANTARES ASSET MANAGEMENT INC., AS COLLATERAL MANAGER By: /s/ Michael W. Chirillo --------------------------------------- Name: Michael W. Chirillo Title: Vice President ANTARES CAPITAL CORP. By: ___________________________________________ Name: _________________________________________ Title:_________________________________________ JPMORGAN CHASE BANK, AS TRUSTEE OF THE ANTARES FUNDING TRUST CREATED UNDER THE TRUST AGREEMENT DATED AS OF NOVEMBER 30, 1999. By: /s/ Leslie Hundley --------------------------------------- Name: Leslie Hundley Title: AVP MARINER CDO 2002, LTD. BY: ANTARES ASSET MANAGEMENT INC., AS COLLATERAL MANAGER By: ___________________________________________ Name: _________________________________________ Title:_________________________________________ NAVIGATOR CDO 2003, LTD BY: ANTARES ASSET MANAGEMENT INC., AS COLLATERAL MANAGER By: ___________________________________________ Name: _________________________________________ Title:_________________________________________ ARCHIMEDES FUNDING III, LTD. BY: ING Capital Advisors, LLC As Collateral Manager By: /s/ Helen Y. Rhee --------------------------------------- Name: Helen Y. Rhee Title: Senior Vice President ARCHIMEDES FUNDING IV (CAYMAN), LTD. BY: ING Capital Advisors, LLC As Collateral Manager By: /s/ Helen Y. Rhee --------------------------------------- Name: Helen Y. Rhee Title: Director NEMEAN CLO, LTD. BY: ING Capital Advisors, LLC As Investment Manager By: /s/ Helen Y. Rhee --------------------------------------- Name: Helen Y. Rhee Title: Director ENDURANCE CLO I, LTD BY: ING Capital Advisors, LLC As Portfolio Manager By: /s/ Helen Y. Rhee --------------------------------------- Name: Helen Y. Rhee Title: Director ING-ORYX CLO, LTD., AS A LENDER BY: ING Capital Advisors, LLC As Collateral Manager By: /s/ Helen Y. Rhee --------------------------------------- Name: Helen Y. Rhee Title: Director SEQUILS-ING I (HBDGM), LTD. BY: ING Capital Advisors, LLC As Collateral Manager By: /s/ Helen Y. Rhee --------------------------------------- Name: Helen Y. Rhee Title: Director ATRIUM II By: /s/ David H. Lerner --------------------------------------- Name: David H. Lerner Title: Authorized Signatory ATRIUM III By: /s/ David H. Lerner --------------------------------------- Name: David H. Lerner Title: Authorized Signatory ATRIUM IV By: /s/ David H. Lerner --------------------------------------- Name: David H. Lerner Title: Authorized Signatory Aurum CLO 2002-1 Ltd., By Columbia Management Advisors, Inc. as Investment Manger By: /s/ Eric S. Meyer --------------------------------------- Name: Eric S. Meyer Title: Vice President Sankaty Advisors, LLC as Collateral Manager for AVERY POINT CLO, LTD., as Term Lender By: /s/ Jeffrey Hawkins --------------------------------------- Name: Jeffrey Hawkins Title: Senior Vice President BIG SKY SENIOR LOAN FUND, LTD. BY: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR By: /s/ Michael B. Botthof --------------------------------------- Name: Michael B. Botthof Title: Vice President BROWN BROTHERS HARRIMAN & CO. By: /s/ John D. Rogers --------------------------------------- Name: John D. Rogers Title: Senior Vice President BY: CALLIDUS DEBT PARTNERS CDO FUND I, LTD. BY: ITS COLLATERAL MANAGER, CALLIDUS CAPITAL MANAGEMENT, LLC By: /s/ Peter R. Bennitt --------------------------------------- Name: Peter R. Bennitt Title: Principal Sankaty Advisors, LLC as Collateral Manager for Castle Hill I - INGOTS, Ltd., as Term Lender By: /s/ Jeffrey Hawkins --------------------------------------- Name: Jeffrey Hawkins Title: Senior Vice President Sankaty Advisors, LLC as Collateral Manager for Castle Hill II - INGOTS, Ltd., as Term Lender By: /s/ Jeffrey Hawkins ------------------------------- Name: Jeffrey Hawkins Title: Senior Vice President Sankaty Advisors, LLC as Collateral Manager for Castle Hill III CLO, Limited, as Term Lender By: /s/ Jeffrey Hawkins ------------------------------- Name: Jeffrey Hawkins Title: Senior Vice President COLTS TRUST 2004-1, as Lender By: /s/ William J. Brown ------------------------------- Name: William J. Brown Title: Managing Director COSTANTINUS EATON VANCE CDO V, LTD. BY: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR By: /s/ Michael B. Botthof ------------------------------- Name: Michael B. Botthof Title: Vice President CSAM FUNDING I By: /s/ David H. Lerner ------------------------------- Name: David H. Lerner Title: Authorized Signatory CSAM FUNDING III By: /s/ David H. Lerner ------------------------------- Name: David H. Lerner Title: Authorized Signatory CSAM FUNDING IV By: /s/ David H. Lerner ------------------------------- Name: David H. Lerner Title: Authorized Signatory CYPRESSTREE CLAIF FUNDING LLC By: /s/ Meredith J. Koslick ------------------------------- Name: Meredith J. Koslick Title: Assistant Vice President Denali Capital LLC, managing member of DC Funding Partners LLC, portfolio manager for DENALI CAPITAL CLO I, LTD., or an affiliate By: /s/ Robert M. Coseo --------------------------------------- Name: Robert M. Coseo Title: Managing Director Denali Capital LLC, managing member of DC Funding Partners LLC, portfolio manager for DENALI CAPITAL CLO II, LTD., or an affiliate By: /s/ Robert M. Coseo --------------------------------------- Name: Robert M. Coseo Title: Managing Director Denali Capital LLC, managing member of DC Funding Partners LLC, portfolio manager for DENALI CAPITAL CLO III, LTD., or an affiliate By: /s/ Robert M. Coseo ----------------------------------------- Name: Robert M. Coseo Title: Managing Director Denali Capital LLC, managing member of DC Funding Partners LLC, portfolio manager for DENALI CAPITAL CLO IV, LTD., or an affiliate By: /s/ Robert M. Coseo ---------------------------------------- Name: Robert M. Coseo Title: Managing Director DRYDEN HIGH YIELD CDO 2001-I BY: PRUDENTIAL INVESTMENT MANAGEMENT, INC., AS COLLATERAL MANAGER By: /s/ Martha Tuttle --------------------------------------- Name: Martha Tuttle Title: Principal DRYDEN III - LEVERAGED LOAN CDO 2002 BY: PRUDENTIAL INVESTMENT MANAGEMENT, INC., AS COLLATERAL MANAGER By: /s/ Martha Tuttle --------------------------------------- Name: Martha Tuttle Title: Principal DRYDEN IV - LEVERAGED LOAN CDO 2003 BY: PRUDENTIAL INVESTMENT MANAGEMENT, INC., AS COLLATERAL MANAGER By: /s/ Martha Tuttle --------------------------------------- Name: Martha Tuttle Title: Principal DRYDEN LEVERAGED LOAN CDO 2002-II BY: PRUDENTIAL INVESTMENT MANAGEMENT, INC., AS COLLATERAL MANAGER By: /s/ Martha Tuttle --------------------------------------- Name: Martha Tuttle Title: Principal EATON VANCE CDO III, LTD. BY: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR By: /s/ Michael B. Botthof --------------------------------------- Name: Michael B. Botthof Title: Vice President EATON VANCE CDO VI, LTD. BY: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR By: /s/ Michael B. Botthof --------------------------------------- Name: Michael B. Botthof Title: Vice President EATON VANCE INSTITUTIONAL SENIOR LOAN FUND BY: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR By: /s/ Michael B. Botthof --------------------------------------- Name: Michael B. Botthof Title: Vice President EATON VANCE LIMITED DURATION INCOME FUND BY: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR By: /s/ Michael B. Botthof --------------------------------------- Name: Michael B. Botthof Title: Vice President EATON VANCE SENIOR FLOATING-RATE TRUST BY: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR By: /s/ Michael B. Botthof --------------------------------------- Name: Michael B. Botthof Title: Vice President EATON VANCE SENIOR INCOME TRUST BY: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR By: /s/ Michael B. Botthof --------------------------------------- Name: Michael B. Botthof Title: Vice President EATON VANCE VT FLOATING-RATE INCOME FUND BY: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR By: /s/ Michael B. Botthof --------------------------------------- Name: Michael B. Botthof Title: Vice President FIRST DOMINION FUNDING II By: /s/ David H. Lerner --------------------------------------- Name: David H. Lerner Title: Authorized Signatory FIRST TRUST/FOUR CORNERS SENIOR FLOATING RATE INCOME FUND, as Lender By: Four Corners Capital Management LLC, As Sub-Adviser By: /s/ Adam Brown --------------------------------------- Name: Adam Brown Title: Vice President FIRST TRUST/FOUR CORNERS SENIOR FLOATING RATE INCOME FUND II, as Lender By: Four Corners Capital Management LLC, As Sub-Adviser By: /s/ Adam Brown --------------------------------------- Name: Adam Brown Title: Vice President Flagship CLO 2001-1 By Flagship Capital Management, Inc. By: /s/ Eric S. Meyer --------------------------------------- Name: Eric S. Meyer Title: Director Flagship CLO II By Flagship Capital Management, Inc. By: /s/ Eric S. Meyer --------------------------------------- Name: Eric S. Meyer Title: Director FORTRESS PORTFOLIO TRUST, as Lender By: Four Corners Capital Management LLC, As Investment Manager By: /s/ Adam Brown --------------------------------------- Name: Adam Brown Title: Vice President FOUR CORNERS CLO 2005-I, LTD. as Lender By: Four Corners Capital Management LLC, As Collateral Manager By: /s/ Adam Brown --------------------------------------- Name: Adam Brown Title: Vice President FRANKLIN CLO I, LIMITED By: /s/ David Ardini --------------------------------------- Name: David Ardini Title: Vice President FRANKLIN CLO II, LIMITED By: /s/ David Ardini --------------------------------------- Name: David Ardini Title: Vice President FRANKLIN CLO III, LIMITED By: /s/ David Ardini --------------------------------------- Name: David Ardini Title: Vice President FRANKLIN CLO IV, LIMITED By: /s/ David Ardini --------------------------------------- Name: David Ardini Title: Vice President FRANKLIN FLOATING RATE DAILY ACCESS FUND By: /s/ Richard Hsu --------------------------------------- Name: Richard Hsu Title: Vice President FRANKLIN FLOATING RATE MASTER SERIES By: /s/ Richard Hsu --------------------------------------- Name: Richard Hsu Title: Vice President FRANKLIN FLOATING RATE TRUST By: /s/ Richard Hsu --------------------------------------- Name: Richard Hsu Title: Vice President GENERAL ELECTRIC CAPITAL CORPORATION By: /s/ Jeffrey P. Hoffman --------------------------------------- Name: Jeffrey P. Hoffman Title: Its Duly Authorized Signatory GRAYSON & CO BY: BOSTON MANAGEMENT AND RESEARCH AS INVESTMENT ADVISOR By: /s/ Michael B. Botthof --------------------------------------- Name: Michael B. Botthof Title: Vice President GULF STREAM-COMPASS CLO 2003-1 LTD. BY: GULF STREAM ASSET MANAGEMENT LLC AS COLLATERAL MANAGER By: /s/ Barry K. Love -------------------------------------- Name: Barry K. Love Title: Chief Credit Officer GULF STREAM-COMPASS CLO 2004-1 LTD. BY: GULF STREAM ASSET MANAGEMENT LLC AS COLLATERAL MANAGER By: /s/ Barry K. Love -------------------------------------- Name: Barry K. Love Title: Chief Credit Officer HARBOUR TOWN FUNDING LLC By: /s/ Meredith J. Koslick -------------------------------------- Name: Meredith J. Koslick Title: Assistant Vice President HEWETT'S ISLAND CDO, LTD. By: CypressTree Investment Management Company, Inc., as Portfolio Manager By: /s/ Martha Hadeler -------------------------------------- Name: Martha Hadeler Title: Managing Director JPMorgan Chase Bank By: /s/ Barbara R. Marks --------------------------------------- Name: Barbara R. Marks Title: Vice President LaSalle Bank National Association By: /s/ Frances P. Dean --------------------------------------- Name: Frances P. Dean Title: Senior Vice President LightPoint CLO 2004-1, Ltd. By: /s/ Timothy S. Van Kirk --------------------------------------- Name: Timothy S. Van Kirk Title: Managing Director LOAN FUNDING V, LLC BY: LOAN FUNDING V, LLC, FOR ITSELF OR AS AGENT FOR CORPORATE LOAN FUNDING V LLC BY: PRUDENTIAL INVESTMENT MANAGEMENT, INC., AS PORTFOLIO MANAGER By: /s/ Martha Tuttle -------------------------------------- Name: Martha Tuttle Title: Principal Sankaty Advisors, LLC as Collateral Manager for Loan Funding XI LLC, as Term Lender By: /s/ Jeffrey Hawkins -------------------------------------- Name: Jeffrey Hawkins Title: Senior Vice President LONGHORN CDO (CAYMAN) LTD By: Merrill Lynch Investment Managers, L.P. as Investment Advisor By: /s/ Savitri Alex --------------------------------------- LONGHORN CDO II, LTD. By: Merrill Lynch Investment Managers, L.P. as Investment Advisor By: /s/ Savitri Alex --------------------------------------- LONGHORN CDO III, LTD. By: Merrill Lynch Investment Managers, L.P. as Investment Advisor By: /s/ Savitri Alex --------------------------------------- MERRILL LYNCH PRIME RATE PORTFOLIO By: Merrill Lynch Investment Managers, L.P. as Investment Advisor By: /s/ Savitri Alex --------------------------------------- THE LOOMIS SAYLES SENIOR LOAN FUND, LLC By: Loomis Sayles and Company, L.P. its manager By: Loomis Sayles and Company, Inc. its general partner By: /s/ Kevin J. Perry --------------------------------------- Name: Kevin J. Perry Title: Vice President MADISON PARK By: /s/ David H. Lerner --------------------------------------- Name: David H. Lerner Title: Authorized Signatory MOUNTAIN CAPITAL CLO 1 LTD. By: /s/ Chris Siddons -------------------------------------- Name: Chris Siddons Title: Director MOUNTAIN CAPITAL CLO 11 LTD. By: /s/ Chris Siddons -------------------------------------- Name: Chris Siddons Title: Director MOUNTAIN CAPITAL CLO III LTD By: /s/ Chris Siddons -------------------------------------- Name: Chris Siddons Title: Director OLYMPIC CLO I By: /s/ John M. Casparian ------------------------------------- Name: John M. Casparian Title: Chief Operating Officer, Centre Pacific, Manager SIERRA CLO I By: /s/ John M. Casparian -------------------------------------- Name: John M. Casparian Title: Chief Operating Officer, Centre Pacific, Manager Sankaty Advisors, LLC as Collateral Manager for Prospect Funding I, LLC as Term Lender By: /s/ Jeffrey Hawkins -------------------------------- Name: Jeffrey Hawkins Title: Senior Vice President Sankaty Advisors, LLC as Collateral Manager for Race Point CLO, Limited, as Term Lender By: /s/ Jeffrey Hawkins ---------------------------------- Name: Jeffrey Hawkins Title: Senior Vice President Sankaty Advisors, LLC as Collateral Manager for Race Point II CLO, Limited, as Term Lender By: /s/ Jeffrey Hawkins -------------------------------- Name: Jeffrey Hawkins Title: Senior Vice President SENIOR INCOME FUND-INCOME OPPORTUNITY SERIES, as Lender By: Four Corners Capital Management LLC, As Sub-Adviser By: /s/ Adam Brown -------------------------------------- Name: Adam Brown Title: Vice President SEMINOLE FUNDING LLC By: /s/ Meredith J. Koslick ---------------------------------------- Name: Meredith J. Koslick Title: Assistant Vice President SENIOR DEBT PORTFOLIO By: Boston Management and Research as Investment Advisor By: /s/ Michael B. Botthof ---------------------------------------- Name: Michael B. Botthof Title: Vice President SRF 2000, INC. By: /s/ Meredith J. Koslick ---------------------------------------- Name: Meredith J. Koslick Title: Assistant Vice President SunAmerica Senior Floating Rate Fund, Inc. By: AIG Global Investment Corp. Investment Sub-Adviser By: /s/ Steven S. Oh ---------------------------------------- Name: Steven S. Oh Title: Managing Director TOLLI & CO. BY: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR By: /s/ Michael B. Botthof ---------------------------------------- Name: Michael B. Botthof Title: Vice President Venture CDO 2002, Limited By its investment advisor, MJX Asset Management LLC By: /s/ Kenneth Ostmann ---------------------------------------- Name: Kenneth Ostmann Title: Director Venture II CDO 2002, Limited By its investment advisor, MJX Asset Management LLC By: /s/ Kenneth Ostmann ---------------------------------------- Name: Kenneth Ostmann Title: Director Venture III CDO Limited By its investment advisor, MJX Asset Management LLC By: /s/ Kenneth Ostmann ---------------------------------------- Name: Kenneth Ostmann Title: Director FIFTH THIRD BANK By: /s/ Sandy Hamrick ---------------------------------------- Name: Sandy Hamrick Title: VP SCHEDULE 2.01 COMMITMENTS AND PRO RATA SHARES
TRANCHE C TERM LOAN COMMITMENT ---------------------------------------------------- TRANCHE B TERM LOAN TRANCHE C TERM LOAN COMMITMENT AND LOANS COMMITMENT AND LOANS REVOLVING PRO RATA CONVERTED ON FIRST FUNDED ON FIRST AMENDMENT PRO RATA LENDER COMMITMENT SHARE AMENDMENT EFFECTIVE DATE EFFECTIVE DATE SHARE - ----------------------------- --------------- -------- ------------------------ ------------------------- -------- Bank of America, N.A. $ 19,250,000.00 24.0625% 0.00 0.00 0.0000% JPMorgan Chase Bank 19,250,000.00 24.0625% 0.00 0.00 0.0000% Merrill Lynch Capital, a division of Merrill Lynch 11,500,000.00 14.3750% 0.00 0.00 0.0000% Financial Services, Inc. Brown Brothers Harriman & Co. 5,000,000.00 6.2500% $ 7,725,000 0.00 3.8031% General Electric Capital 10,000,000.00 12.5000% $ 15,932,812.50 0.00 7.8438% Corporation LaSalle Bank National 15,000,000.00 18.7500% 0.00 0.00 0.00% Association AmSouth Bank N/A N/A $ 1,931,250 0.00 0.9507% Fifth Third Bank N/A N/A 0.00 10,000,000 4.9231% Other Lenders N/A N/A $ 167,535,937.50 (1) 0.00 82.4792% Total Converted: Total Funded: $ 193,125,000 $10,000,000 Total $ 80,000,000.00 100.00% $203,125,000 100.00%
- ---------- (1) Allocations and commitments of other Lenders holding Tranche C Term Loans as a result of the conversion of Tranche B Term Loans on the First Amendment Effective Date are recorded on the Register held by the Administrative Agent. -----END PRIVACY-ENHANCED MESSAGE-----