EX-10.12 14 a2069484zex-10_12.txt EXHIBIT 10.12 Exhibit 10.12 [EXECUTION COPY] AMENDMENT NO. 3 TO CREDIT AGREEMENT AMENDMENT dated as of May 30, 2001 to the $765,000,000 Credit Agreement dated as of April 13, 1998, as amended as of April 9, 1999 and November 15, 1999 (as so amended, the "CREDIT AGREEMENT") among CAPITA CORPORATION (the "BORROWER"), CIT FINANCIAL LTD. ("CIT FINANCIAL"), NEWCOURT CREDIT GROUP USA INC. ("NEWCOURT"), the BANKS party thereto (the "BANKS") and MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as Administrative Agent (the "ADMINISTRATIVE AGENT"). W I T N E S S E T H : WHEREAS, the parties hereto desire to amend the Credit Agreement as more fully set forth below; NOW, THEREFORE, the parties hereto agree as follows: SECTION 1. DEFINED TERMS; REFERENCES. Unless otherwise specifically defined herein, each term used herein which is defined in the Credit Agreement has the meaning assigned to such term in the Credit Agreement. Each reference to "hereof", "hereunder", "herein" and "hereby" and each other similar reference and each reference to "this Agreement" and each other similar reference contained in the Credit Agreement shall, after this Amendment becomes effective, refer to the Credit Agreement as amended hereby. SECTION 2. AMENDMENTS TO CREDIT AGREEMENT. (a) The following new term is added to Section 1.01 of the Credit Agreement in appropriate alphabetical order: "TYCO ACQUISITION" means the proposed acquisition of The CIT Group, Inc. by Tyco International Ltd. publicly announced on March 13, 2001. (b) Clause (j) of Section 6.01 of the Credit Agreement is amended to add the words "or the Tyco Acquisition" immediately after the words "the CIT Acquisition". SECTION 3. REPRESENTATIONS OF BORROWER. The Borrower represents and warrants that (i) the representations and warranties of the Borrower set forth in Article 4 of the Credit Agreement will be true on and as of the Amendment Effective Date and (ii) no Default will have occurred and be continuing on such date. SECTION 4. GOVERNING LAW. This Amendment shall be governed by and construed in accordance with the laws of the State of New York. SECTION 5. COUNTERPARTS. This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. SECTION 6. EFFECTIVENESS. This Amendment shall become effective as of the date hereof on the date when (the "AMENDMENT EFFECTIVE DATE") the Administrative Agent shall have received from each of the Borrower, CIT Financial, Newcourt and the Required Banks a counterpart hereof signed by such party or facsimile or other written confirmation (in form satisfactory to the Administrative Agent) that such party has signed a counterpart hereof. 2 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written. CAPITA CORPORATION By /s/ Glenn A. Votek -------------------------------------- Name: Glenn A. Votek Title: Executive Vice President & Treasurer CIT FINANCIAL LTD. By /s/ Glenn A. Votek -------------------------------------- Name: Glenn A. Votek Title: Executive Vice President & Treasurer NEWCOURT CREDIT GROUP USA INC. By /s/ Glenn A. Votek -------------------------------------- Name: Glenn A. Votek Title: Executive Vice President & Treasurer MORGAN GUARANTY TRUST COMPANY OF NEW YORK By______________________________________ Name: Title: CANADIAN IMPERIAL BANK OF COMMERCE By______________________________________ Name: Title: 3 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written. CAPITA CORPORATION By______________________________________ Name: Title: CIT FINANCIAL LTD. By______________________________________ Name: Title: NEWCOURT CREDIT GROUP USA INC. By______________________________________ Name: Title: MORGAN GUARANTY TRUST COMPANY OF NEW YORK By /s/ Maria H. Dell'Aquila IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written. CAPITA CORPORATION By______________________________________ Name: Title: CIT FINANCIAL LTD. By______________________________________ Name: Title: NEWCOURT CREDIT GROUP USA INC. By______________________________________ Name: Title: MORGAN GUARANTY TRUST COMPANY OF NEW YORK By______________________________________ Name: Title: CANADIAN IMPERIAL BANK OF COMMERCE By /s/ -------------------------------------- Name: Title: EXECUTIVE DIRECTOR 3 DEUTSCHE BANK AG. NEW YORK BRANCH AND/OR CAYMAN ISLANDS BRANCHES By /s/ Gayma Z. Shivnarain -------------------------------------- Name: Gayma Z. Shivnarain Title: Director By /s/ Suzanne Kissling -------------------------------------- Name: Suzanne Kissling Title: Managing Director THE CHASE MANHATTAN BANK By______________________________________ Name: Title: BANK OF AMERICA NT & SA By______________________________________ Name: Title: BARCLAYS BANK PLC By______________________________________ Name: Title: DEUTSCHE BANK AG. NEW YORK BRANCH AND/OR CAYMAN ISLANDS BRANCHES By______________________________________ Name: Title: By______________________________________ Name: Title: THE CHASE MANHATTAN BANK By /s/ Roger Parker -------------------------------------- Name: Roger Parker Title: Vice President BANK OF AMERICA NT & SA By______________________________________ Name: Title: BARCLAYS BANK PLC By______________________________________ Name: Title: DEUTSCHE BANK AG. NEW YORK BRANCH AND/OR CAYMAN ISLANDS BRANCHES By______________________________________ Name: Title: By______________________________________ Name: Title: THE CHASE MANHATTAN BANK By______________________________________ Name: Title: BANK OF AMERICA NT & SA By /s/ -------------------------------------- Name: Title: Managing Director BARCLAYS BANK PLC By______________________________________ Name: Title: DEUTSCHE BANK AG. NEW YORK BRANCH AND/OR CAYMAN ISLANDS BRANCHES By______________________________________ Name: Title: By______________________________________ Name: Title: THE CHASE MANHATTAN BANK By______________________________________ Name: Title: BANK OF AMERICA NT & SA By______________________________________ Name: Title: BARCLAYS BANK PLC By /s/ Alison McGuigan -------------------------------------- Name: Alison McGuigan Title: Associate Director CREDIT LYONNAIS NEW YORK BRANCH By /s/ Sebastian Rocco -------------------------------------- Name: Sebastian Rocco Title: Senior Vice President DRESDNER BANK AG NEW YORK AND GRAND CAYMAN BRANCHES By______________________________________ Name: Title: By______________________________________ Name: Title: FIRST UNION NATIONAL BANK By______________________________________ Name: Title: BANC ONE CAPITAL MARKETS By______________________________________ Name: Title: CREDIT LYONNAIS By______________________________________ Name: Title: DRESDNER BANK AG NEW YORK AND GRAND CAYMAN BRANCHES By /s/ J. Curtin Beaudouin -------------------------------------- Name: J. CURTIN BEAUDOUIN Title: DIRECTOR By /s/ Mark Van Der Griend -------------------------------------- Name: MARK VAN DER GRIEND Title: DIRECTOR FIRST UNION NATIONAL BANK By______________________________________ Name: Title: BANC ONE CAPITAL MARKETS By______________________________________ Name: Title: CREDIT LYONNAIS By______________________________________ Name: Title: DRESDNER BANK AG NEW YORK AND GRAND CAYMAN BRANCHES By______________________________________ Name: Title: By______________________________________ Name: Title: FIRST UNION NATIONAL BANK By /s/ Jane W. Workman -------------------------------------- Name: JANE W. WORKMAN Title: SENIOR VICE PRESIDENT BANC ONE CAPITAL MARKETS By______________________________________ Name: Title: CREDIT LYONNAIS By______________________________________ Name: Title: DRESDNER BANK AG NEW YORK AND GRAND CAYMAN BRANCHES By______________________________________ Name: Title: By______________________________________ Name: Title: FIRST UNION NATIONAL BANK By______________________________________ Name: Title: BANC ONE CAPITAL MARKETS By /s/ Janet S. Leong -------------------------------------- Name: Janet S. Leong Title: First Vice President BANKONE FLEET BANK, N.A. By /s/ Robert T. P. Storer -------------------------------------- Name: ROBERT T. P. STORER Title: MANAGING DIRECTOR HSBC BANK USA By______________________________________ Name: Title: NATIONAL AUSTRALIA BANK LIMITED By______________________________________ Name: Title: ROYAL BANK OF CANADA By______________________________________ Name: Title: THE BANK OF NOVA SCOTIA By______________________________________ Name: Title: 6 FLEET BANK, N.A. By______________________________________ Name: Title: HSBC BANK USA By /s/ Johan Sorensson -------------------------------------- Name: Johan Sorensson Title: FVP NATIONAL AUSTRALIA BANK LIMITED By______________________________________ Name: Title: ROYAL BANK OF CANADA By______________________________________ Name: Title: THE BANK OF NOVA SCOTIA By______________________________________ Name: Title: 6 FLEET BANK, N.A. By______________________________________ Name: Title: HSBC BANK USA By______________________________________ Name: Title: NATIONAL AUSTRALIA BANK LIMITED By /s/ Bill Schmid -------------------------------------- Name: Bill Schmid Title: Vice President ROYAL BANK OF CANADA By______________________________________ Name: Title: THE BANK OF NOVA SCOTIA By______________________________________ Name: Title: 6 FLEET BANK, N.A. By______________________________________ Name: Title: HSBC BANK USA By______________________________________ Name: Title: NATIONAL AUSTRALIA BANK LIMITED By______________________________________ Name: Title: ROYAL BANK OF CANADA By /s/ Scott Umbs -------------------------------------- Name: SCOTT UMBS Title: MANAGER THE BANK OF NOVA SCOTIA By______________________________________ Name: Title: 6 FLEET BANK, N.A. By______________________________________ Name: Title: HSBC BANK USA By______________________________________ Name: Title: NATIONAL AUSTRALIA BANK LIMITED By______________________________________ Name: Title: ROYAL BANK OF CANADA By______________________________________ Name: Title: THE BANK OF NOVA SCOTIA By /s/ Brian S. Allen -------------------------------------- Name: Brian S. Allen Title: Managing Director 6 TORONTO DOMINION (TEXAS), INC. By /s/ Ann S. Slanis -------------------------------------- Name: Ann S. Slanis Title: Vice President By______________________________________ Name: Title: BANCA MONTE DEI PASCHI DI SIENA S.P.A. By______________________________________ Name: Title: By______________________________________ Name: Title: COMERICA BANK By______________________________________ Name: Title: CREDIT SUISSE FIRST BOSTON By______________________________________ Name: Title: By______________________________________ Name: Title: TORONTO DOMINION (TEXAS), INC. By______________________________________ Name: Title: By______________________________________ Name: Title: BANCA MONTE DEI PASCHI DI SIENA S.P.A. By______________________________________ Name: Title: By______________________________________ Name: Title: COMERICA BANK By /s/ Joel S. Gordon -------------------------------------- Name: Joel S. Gordon Title: Account Officer CREDIT SUISSE FIRST BOSTON By______________________________________ Name: Title: By______________________________________ Name: Title: TORONTO DOMINION (TEXAS), INC. By______________________________________ Name: Title: By______________________________________ Name: Title: BANCA MONTE DEI PASCHI DI SIENA S.P.A. By______________________________________ Name: Title: By______________________________________ Name: Title: COMERICA BANK By______________________________________ Name: Title: CREDIT SUISSE FIRST BOSTON By /s/ Jay Chall -------------------------------------- Name: Jay Chall Title: Director By /s/ Thomas P. Irwin -------------------------------------- Name: THOMAS P. IRWIN Title: DIRECTOR CITIBANK, N.A. By /s/ E. J. Pitt -------------------------------------- Name: E. J. PITT Title: VICE PRESIDENT SOCIETE GENERALE By______________________________________ Name: Title: THE BANK OF NEW YORK By______________________________________ Name: Title: BANCO SANTANDER CENTRAL HISPANOAMERICANO S.A., NEW YORK BRANCH By______________________________________ Name: Title: By______________________________________ Name: Title: BNP PARIBAS By______________________________________ Name: Title: By______________________________________ Name: Title: BAYERISCHE LANDESBANK GIROZENTRALE, CAYMAN ISLANDS BRANCH By /s/ Hereward Drummond -------------------------------------- Name: Hereward Drummond Title: Senior Vice President By /s/ James H. Boyle -------------------------------------- Name: James H. Boyle Title: Vice President THE FUJI BANK, LIMITED, NEW YORK BRANCH By______________________________________ Name: Title: -------------------------------------- Name: MARIA H. DELL'AQUILA Title: VICE PRESIDENT CANADIAN IMPERIAL BANK OF COMMERCE By______________________________________ Name: Title: 3