Attached files

file filename
10-K - FORM 10-K - MONSTER WORLDWIDE, INC.c95506e10vk.htm
EX-32.1 - EXHIBIT 32.1 - MONSTER WORLDWIDE, INC.c95506exv32w1.htm
EX-31.1 - EXHIBIT 31.1 - MONSTER WORLDWIDE, INC.c95506exv31w1.htm
EX-21.1 - EXHIBIT 21.1 - MONSTER WORLDWIDE, INC.c95506exv21w1.htm
EX-23.1 - EXHIBIT 23.1 - MONSTER WORLDWIDE, INC.c95506exv23w1.htm
EX-31.2 - EXHIBIT 31.2 - MONSTER WORLDWIDE, INC.c95506exv31w2.htm
EX-32.2 - EXHIBIT 32.2 - MONSTER WORLDWIDE, INC.c95506exv32w2.htm
EX-10.17 - EXHIBIT 10.17 - MONSTER WORLDWIDE, INC.c95506exv10w17.htm
EX-10.19 - EXHIBIT 10.19 - MONSTER WORLDWIDE, INC.c95506exv10w19.htm
Exhibit 10.22
EXECUTION VERSION
FIRST AMENDMENT
TO CREDIT AGREEMENT
THIS FIRST AMENDMENT TO CREDIT AGREEMENT, dated as of January 28, 2010 (this “Amendment”), to the Existing Credit Agreement (such capitalized term and other capitalized terms used in this preamble and the recitals below to have the meanings set forth in, or are defined by reference in, Article I below) is made by MONSTER WORLDWIDE, INC., a Delaware corporation (the “Company”) and the Lenders party hereto.
W I T N E S S E T H:
WHEREAS, the Company, the Lenders and Bank of America, N.A., as Administrative Agent, are all parties to the Amended and Restated Credit Agreement, dated as of August 31, 2009 (as amended or otherwise modified prior to the date hereof, the “Existing Credit Agreement”, and as amended by this Amendment and as the same may be further amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”); and
WHEREAS, the Company has requested that the Lenders amend certain provisions of the Existing Credit Agreement, and the Lenders are willing to effect such amendments, on the terms and subject to the conditions hereinafter set forth.
NOW, THEREFORE, the parties hereto hereby covenant and agree as follows:
ARTICLE I
DEFINITIONS
SECTION 1.1. Certain Definitions. The following terms when used in this Amendment shall have the following meanings (such meanings to be equally applicable to the singular and plural forms thereof):
Amendment” is defined in the preamble.
Amendment Effective Date” is defined in Article III.
Company” is defined in the preamble.
Credit Agreement” is defined in the first recital.
Existing Credit Agreement” is defined in the first recital.
SECTION 1.2. Other Definitions. Terms for which meanings are provided in the Credit Agreement are, unless otherwise defined herein or the context otherwise requires, used in this Amendment with such meanings.

 

 


 

ARTICLE II
AMENDMENT TO CREDIT AGREEMENT
Subject to the occurrence of the Amendment Effective Date, Section 7.02 of the Existing Credit Agreement is hereby amended by amending and restating the first paragraph of clause (f) thereof in its entirety to read as follows:
(f) the purchase or other acquisition of (i) all of the Equity Interests in, or all or substantially all of the property of, any Person that, upon the consummation thereof, will be wholly-owned directly by the Company or one or more of its wholly-owned Subsidiaries, or (ii) some or all of the assets of any Person or Persons that, collectively and as a whole, constitute all or substantially all of a single business line, unit or division of such Person’s or Persons’ consolidated corporate family (including, in any case, as a result of a merger or consolidation); provided that, with respect to each purchase or other acquisition made pursuant to this Section 7.02(f):
ARTICLE III
CONDITIONS TO EFFECTIVENESS
This Amendment shall become effective on the date first written above (the “Amendment Effective Date”) following receipt by the Administrative Agent of counterparts hereof executed on behalf of the Company and the Required Lenders.
ARTICLE IV
MISCELLANEOUS
SECTION 4.1. Cross-References. References in this Amendment to any Article or Section are, unless otherwise specified, to such Article or Section of this Amendment.
SECTION 4.2. Loan Document Pursuant to Existing Credit Agreement. This Amendment is a Loan Document executed pursuant to the Existing Credit Agreement and shall (unless otherwise expressly indicated therein) be construed, administered and applied in accordance with all of the terms and provisions of the Existing Credit Agreement, as amended hereby, including Article X thereof.
SECTION 4.3. Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
SECTION 4.4. Counterparts. This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an

 

 


 

original, but all of which when taken together shall constitute a single contract. This Amendment constitutes the entire contract among the parties relating to the subject matter hereof and supersedes any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Delivery of an executed counterpart of a signature page of this Amendment by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Amendment.
SECTION 4.5. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
SECTION 4.6. Full Force and Effect; Limited Amendment. Except as expressly amended hereby, all of the representations, warranties, terms, covenants, conditions and other provisions of the Existing Credit Agreement and the other Loan Documents shall remain unchanged and shall continue to be, and shall remain, in full force and effect in accordance with their respective terms. The amendments set forth herein shall be limited precisely as provided for herein to the provisions expressly amended herein and shall not be deemed to be an amendment to, waiver of, consent to or modification of any other term or provision of the Existing Credit Agreement or any other Loan Document or of any transaction or further or future action on the part of any Loan Party which would require the consent of the Lenders under the Existing Credit Agreement or any of the Loan Documents.
SECTION 4.7. Representations and Warranties. In order to induce the Lenders to execute and deliver this Amendment, the Company hereby represents and warrants to the Lenders that, both before and after giving effect to this Amendment, all statements set forth in clauses (a) and (b) of Section 4.02 of the Credit Agreement are true and correct.

 

 


 

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the date first above written.
         
  MONSTER WORLDWIDE, INC.
 
 
  By:   /s/ Timothy T. Yates    
    Name:   Timothy T. Yates   
    Title:   Chief Financial Officer   

 

 


 

         
         
  Acknowledged by

BANK OF AMERICA, N.A.,
as Administrative Agent
 
 
  By:   /s/ Steven J. Melicharek    
    Name:   Steven Melicharek   
    Title:   Senior Vice President   

 

 


 

         
         
  BANK OF AMERICA, N.A.,
as a Lender
 
 
  By:   /s/ Steven J. Melicharek    
    Name:   Steven Melicharek   
    Title:   Senior Vice President   

 

 


 

         
         
  JPMorgan Chase Bank, N.A.,
as a Lender
 
 
  By:   /s/ Ann B. Kerns    
    Name:   Ann B. Kerns   
    Title:   Vice President   

 

 


 

         
         
  KEYBANK NATIONAL ASSOCIATION,
as a Lender
 
 
  By:   /s/ Jeff Kalinowski    
    Name:   Jeff Kalinowski   
    Title:   Senior Vice President   

 

 


 

         
         
  Fifth Third Bank,
as a Lender
 
 
  By:   /s/ George B. Davis    
    Name:   George B. Davis   
    Title:   Vice President   

 

 


 

         
         
  Bank of Tokyo-Mitsubishi UFJ Trust Company,
as a Lender
 
 
  By:   /s/ Kenneth Egusa    
    Name:   Ken Egusa   
    Title:   Vice President   

 

 


 

         
         
  Citibank, N.A.,
as a Lender
 
 
  By:   /s/ Ross Levitsky    
    Name:   Ross Levitsky   
    Title:   Managing Director
National Corporate Banking 
 

 

 


 

         
         
  Sumitomo Mitsui Banking Corporation,
as a Lender
 
 
  By:   /s/ William M. Ginn    
    Name:   William M. Ginn   
    Title:   Executive Officer   

 

 


 

         
         
  Toronto Dominion (Texas) llc,
as a Lender
 
 
  By:   /s/ Ian Murray    
    Name:   Ian Murray   
    Title:   Authorized Signatory   

 

 


 

         
         
  Svenska Handelsbanken AB (publ.)
New York Branch,
as a Lender
 
 
  By:   /s/ Anders Abelson    
    Name:   Anders Abelson   
    Title:   VP   
     
  By:   /s/ Richard Johnson    
    Name:   Richard Johnson   
    Title:   SVP   

 

 


 

         
         
  DEUTSCHE BANK AG NEW YORK BRANCH,
as a Lender
 
 
  By:   /s/ Andreas Neumeier    
    Name:   Andreas Neumeier   
    Title:   Managing Director   
     
  By:   /s/ Anca Trifan    
    Name:   Anca Trifan   
    Title:   Director