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EXHIBIT 10.1
AMENDMENT NO. 1, dated as of June 15, 2000 (the "Amendment") to the
CREDIT AGREEMENT (the "Credit Agreement"), dated as of June 21, 1999, among
BLOCKBUSTER INC., a Delaware corporation (the "Borrower"), the Bank parties
thereto from time to time, CITIBANK, N.A., as the Administrative Agent, THE
BANK OF NEW YORK, as the Documentation Agent, THE BANK OF AMERICA NT&SA, as a
Syndication Agent and CHASE SECURITIES INC., as a Syndication Agent.
WITNESSETH:
WHEREAS, the parties have heretofore entered into the Credit Agreement
providing for, among other things, a 364-day revolving commitment due to mature
on June 19, 2000;
WHEREAS, the Tranche C Loan Banks now desire to amend the Credit
Agreement to extend the maturity date of the 364-day revolving loan commitment
NOW THEREFORE, the parties hereto agree as follows:
SECTION 1. Amendment. Section 1.1 of the Credit Agreement is hereby
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amended by replacing "June 19, 2000" in the definition of "Tranche C Loan
Commitment Termination Date" with "December 14, 2000".
SECTION 2. Effectiveness. This Amendment will be effective upon the
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execution of counterparts hereof by the Borrower and each of the Tranche C Loan
Banks.
SECTION 3. Representations and Warranties. The Borrower hereby
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represents and warrants that as of the date hereof (i) the representations and
warranties contained in Article VI of the Credit Agreement (other than those
stated to be made as of a particular date) are true and correct in all material
respects on and as of the date hereof as though made on the date hereof, and
(ii) no Default or Event of Default shall exist or be continuing under the
Credit Agreement.
SECTION 4. Miscellaneous. (a) Capitalized terms used herein and not
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otherwise defined herein shall have the meanings ascribed to them in the Credit
Agreement.
(b) Except as amended hereby, all of the terms of the Credit Agreement
shall remain and continue in full force and effect and are hereby confirmed in
all respects.
(c) This Amendment shall be a Loan Document for the purposes of the
Credit Agreement.
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(d) 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
were upon the same instrument. Delivery of an executed counterpart of a
signature page of this Amendment by telecopier shall be effective as delivery of
a manually executed counterpart of the Amendment.
(e) THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HERETO SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed as of the date first above written.
BLOCKBUSTER INC., as Borrower
By: /s/ RICHARD McDOWELL
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Name: Richard McDowell
Title: Senior Vice President/Treasurer
CITIBANK, N.A., as a Bank
By: /s/ ROBERT PARR
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Name: Robert Parr
Title: M.D.
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