Exhibit 10.5
THIRD AMENDMENT TO CREDIT AGREEMENT
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ENTERED INTO as of this 31st day of July, 2000 by and among DOLLAR GENERAL
CORPORATION, a Tennessee corporation (the "Borrower"), and SUNTRUST BANK,
successor-in-interest to SunTrust Bank, Nashville, N.A. ("SunTrust") and such
other banks and lending institutions as shown on the signature pages hereto
(collectively referred to as the "Lenders"), and SUNTRUST BANK,
successor-in-interest to SunTrust Bank, Nashville, N.A., in its capacity as
agent for the Lenders (the "Agent").
RECITALS:
1. The Borrower, the Lenders, and the Agent are parties to a Credit
Agreement dated September 2, 1997, as amended by a First Amendment to Credit
Agreement dated July 31, 1998, and as amended by a Second Amendment to Credit
Agreement dated April 29, 1999 (herein the Credit Agreement, as amended, shall
be referred to as the "Credit Agreement").
2. The Borrower, the Lenders, and the Agent desire to amend the Credit
Agreement as set forth herein.
NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration, the receipt and adequacy of which is hereby
acknowledged, the parties hereto agree as follows:
1. Section 1.1. of the Credit Agreement shall be amended as of the date
hereof to include the following definition of "Consolidated EBITDAR":
"Consolidated EBITDAR" shall mean for any fiscal period of the
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Borrower, an amount equal to Consolidated EBITR, plus (i) consolidated
depreciation and (ii) consolidated amortization, all as determined in
accordance with GAAP.
2. Section 7.1.(b), Consolidated Funded Debt to Total Capitalization Ratio,
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of the Credit Agreement shall be deleted in its entirety and replaced with the
following as of the date hereof:
(b) Consolidated Funded Debt to Consolidated EBITDAR Ratio. Permit,
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as of the last day of any fiscal quarter, the ratio of
Consolidated Funded Debt to Consolidated EBITDAR to be greater
than 2.0 to 1.0.
3. The Borrower reaffirms its obligations under the Credit Agreement, and
the Borrower agrees that such obligations are valid and binding, enforceable in
accordance with their terms, subject to no defense, counterclaim, or objection.
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4. This Agreement may be signed in counterparts.
BORROWER:
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DOLLAR GENERAL CORPORATION
By:
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Title:
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AGENT:
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SUNTRUST BANK
By:
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Title:
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LENDERS:
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SUNTRUST BANK
By:
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Title:
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FIRST UNION NATIONAL BANK
By:
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Title:
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WACHOVIA BANK, N.A.
By:
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Title:
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BANK OF AMERICA, N.A.
By:
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Title:
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MORGAN GUARANTY TRUST
COMPANY OF NEW YORK
By:
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Title:
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BANK ONE, N.A.
By:
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Title:
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AMSOUTH BANK
By:
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Title:
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FIFTH THIRD BANK
By:
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Title:
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KEY BANK NATIONAL ASSOCIATION
By:
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Title:
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FIRSTAR BANK, N.A.
By:
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Title:
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PNC BANK, N.A.
By:
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Title:
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UNION PLANTERS BANK OF
MIDDLE TENNESSEE, N.A.
By:
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Title:
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