EX-10.4 5 c09672exv10w4.txt CONSENT RELATED TO CREDIT AGREEMENT Exhibit 10.4 September 22, 2006 Belden CDT Inc. 7701 Forsyth, Suite 800 St. Louis, Missouri 63105 Attention: Stephen H. Johnson Re: Credit Agreement, dated as of January 24, 2006 (as amended, restated, supplemented or otherwise modified from time to time, the "Credit Agreement"), among Belden CDT Inc., a Delaware corporation (the "Borrower"), the Domestic Subsidiaries of the Borrower from time to time party thereto (the "Guarantors"), the Lenders from time to time parties thereto and Wachovia Bank, National Association, as administrative agent (the "Administrative Agent"). Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. You have requested that the Required Lenders consent to the investment by the Credit Parties or any of their Subsidiaries of up to $5,000,000 in Capital Stock issued by Extricom Ltd., an Israeli private company, (the "Target Investment"), which investment is not otherwise permitted by the provisions of Sections 6.4(b) and 6.5 of the Credit Agreement. Accordingly, the undersigned Lenders hereby consent to the making of the Target Investment by the Credit Parties, notwithstanding the provisions of Sections 6.4(b) or 6.5 of the Credit Agreement. It is hereby understood and agreed that the amount of the Target Investment shall not count against the $2,000,000 Investment basket set forth in clause (n) of the definition of "Permitted Investments". Except for the foregoing limited consent, all terms and conditions of the Credit Agreement shall remain in full force and effect, without modification or limitation. This Consent shall not constitute a consent to any other action or inaction by the Borrower or any other Credit Party, nor shall it operate as a waiver of any other right, power, or remedy of any Lender or the Administrative Agent under, or of any provision contained in, the Credit Agreement or any other Credit Document or under applicable law (all of which rights and remedies are hereby expressly reserved by the Lenders and the Administrative Agent), except as specifically provided herein. Each of the Guarantors acknowledges and consents to the terms of this Consent and agrees that this Consent does not operate to reduce or discharge the Guarantors' obligations under the Credit Documents. [remainder of page intentionally left blank] AGENT AND LENDERS: WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent and a Lender By: /s/ David K. Hall ------------------------------------ Name: David K. Hall Title: Director - Agency Management NATIONAL CITY BANK By: /s/ Eric Hartman ------------------------------------ Name: Eric Hartman Title: Vice President COMERICA BANK Name of Institution By: /s/ Mark J. Leveille ------------------------------------ Name: Mark J. Leveille Title: Assistant Vice President Bank of America N.A. Name of Institution By: /s/ HARVEY H. THAYER, JR. --------------------------------- Name: Harvey H. Thayer, Jr. ------------------------------- Title: Managing Director THE NORTHERN TRUST COMPANY By: /s/ Roger McDougal --------------------------------- Name: Roger McDougal Title: Vice President FIFTH THIRD BANK By: /s/ Shawn D. Hagan --------------------------------- Name: Shawn D. Hagan Title: Vice President ING Bank N.V. Name of Institution By: /s/ B.F.G Jacobs --------------------------------- Name: B.F.G Jacobs Title: principal Relationshipmanager /s/ P.A.J. van Vuuren ------------------------------------- Name: P.A.J. van Vuuren Title: Directeur Bedrijven & Instellingen U. S. Bank National Association Name of Institution By: /s/ John Holland ------------------------------------ Name: John Holland Title: Senior Vice President Acknowledged and Agreed: BORROWER: BELDEN CDT INC., a Delaware corporation By: /s/ Stephen H Johnson ------------------------------------ Name: Stephen H Johnson Title: Treasurer GUARANTORS: BELDEN WIRE & CABLE COMPANY, a Delaware corporation By: /s/ Stephen H Johnson ------------------------------------ Name: Stephen H Johnson Title: Treasurer BELDEN CDT NETWORKING, INC., a Washington corporation By: /s/ Stephen H Johnson ------------------------------------ Name: Stephen H Johnson Title: Treasurer NORDX/CDT CORP., a Delaware corporation By: /s/ Stephen H Johnson ------------------------------------ Name: Stephen H Johnson Title: Treasurer THERMAX/CDT, INC., a Delaware corporation By: /s/ Stephen H Johnson ------------------------------------ Name: Stephen H Johnson Title: Treasurer BELDEN HOLDINGS, INC., a Delaware corporation By: /s/ Stephen H Johnson ------------------------------------ Name: Stephen H Johnson Title: Treasurer BELDEN TECHNOLOGIES, INC., a Delaware corporation By: /s/ Stephen H Johnson ------------------------------------ Name: Stephen H Johnson Title: Treasurer BELDEN INC., a Delaware corporation By: /s/ Stephen H Johnson ------------------------------------ Name: Stephen H Johnson Title: Treasurer CDT INTERNATIONAL HOLDINGS INC., a Delaware corporation By: /s/ Stephen H Johnson ------------------------------------ Name: Stephen H Johnson Title: Treasurer