EXHIBIT 10.1
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SECOND AMENDMENT
SECOND AMENDMENT, dated as of June 20, 2000 (this "Amendment"), to the
Second Amended and Restated Credit Agreement, dated as of September 4, 1998 (as
amended by the Amendment dated as of February 23, 1999, the "Credit Agreement"),
among (i) BOSTON SCIENTIFIC CORPORATION, a Delaware corporation (the
"Borrower"), (ii) the several banks and other financial institutions from time
to time parties thereto (the "Lenders"), (iii) ABN AMRO BANK N.V., a Dutch
banking corporation, BANK OF AMERICA, N.A. (f/k/a Bank of America National Trust
and Savings Association), a national banking association, and BARCLAYS BANK PLC,
a banking corporation organized under the laws of England, as Syndication Agents
(each in such capacity, a "Syndication Agent", and collectively, the
"Syndication Agents"), (iv) CHASE SECURITIES INC., as Arranger (in such
capacity, the "Arranger") and as Book Manager (in such capacity, the "Book
Manager") and (v) THE CHASE MANHATTAN BANK, a New York banking corporation, as
administrative agent for the Lenders hereunder (in such capacity, the
"Administrative Agent").
W I T N E S S E T H:
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WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to
make certain extensions of credit to the Borrower;
WHEREAS, the Borrower and Lenders have agreed to increase the aggregate
Multicurrency Commitments under the Credit Agreement in the manner provided for
in this Amendment; and
WHEREAS, the Majority Lenders have consented to this Amendment and have
authorized the Administrative Agent to execute this Amendment;
NOW, THEREFORE, the parties hereto hereby agree as follows:
I. Defined Terms. Terms defined in the Credit Agreement and used
herein shall have the meanings given to them in the Credit
Agreement.
II. Amendments to Credit Agreement.
1. Section 2.10. Clause (b) of Section 2.10 is hereby amended by
replacing "$100,000,000" with "$300,000,000."
2. Schedule I. Schedule I of the Credit Agreement is hereby amended by
deleting it in its entirety and inserting in lieu thereof the amended Schedule I
as set forth in Annex A attached hereto.
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III. Conditions to Effectiveness. This Amendment shall become
effective as of the date hereof on the date (the "Amendment Effective Date") on
which the Borrower and the Administrative Agent shall have executed and
delivered to the Administrative Agent this Amendment.
IV. General.
1. Representation and Warranties. To induce the Administrative
Agent to enter into this Amendment, the Borrower hereby represents and warrants
to the Administrative Agent and all of the Lenders as of the Amendment Effective
Date that:
(a) Corporate Power; Authorization; Enforceable Obligations.
(1) The Borrower has the corporate power and authority, and the legal
right, to make, deliver this Amendment and to perform the Loan Documents, as
amended by this Amendment, and has taken all necessary corporate action to
authorize the execution, delivery and performance of this Amendment and the
performance of the Loan Documents, as so amended.
(2) No consent or authorization of, approval by, notice to, filing with
or other act by or in respect of, any Governmental Authority or any other Person
is required in connection with the execution and delivery of this Amendment or
with the performance, validity or enforceability of the Loan Documents, as
amended by this Amendment.
(3) This Amendment has been duly executed and delivered on behalf of
the Borrower.
(4) This Amendment and each Loan Document, as amended by this
Amendment, constitutes a legal, valid and binding obligation of the Borrower
enforceable against the Borrower in accordance with its terms, except as
affected by bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium and other similar laws relating to or affecting the enforcement of
creditors' rights generally, general equitable principles (whether considered in
a proceeding in equity or at law) and an implied covenant of good faith and fair
dealing.
(b) Representations and Warranties. The representations and warranties
made by the Borrower in the Loan Documents (other than in Section 5.2 and 5.6 of
the Credit Agreement) are true and correct in all material respects on and as of
the Amendment Effective Date, after giving effect to the effectiveness of this
Amendment, as if made on and as of the Amendment Effective Date, except as
otherwise disclosed in the most recent filings by the Borrower with the
Securities and Exchange Commission.
2. Payment of Expenses. The Borrower agrees to pay or reimburse the
Administrative Agent for all of its out-of-pocket costs and reasonable expenses
incurred in connection with this Amendment, any other documents prepared in
connection herewith and the transactions contemplated hereby, including, without
limitation, the reasonable fees and disbursements of counsel to the Agent.
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3. No Other Amendments; Confirmation. Except as expressly amended,
modified and supplemented hereby, the provisions of the Credit Agreement and the
other Loan Documents are and shall remain in full force and effect.
4. Governing Law; Counterparts. (a) This Amendment and the rights and
obligations of the parties hereto shall be governed by, and construed and
interpreted in accordance with, the laws of the State of New York.
(b) This Amendment may be executed by one or more of the parties to
this Agreement on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument. A set of the copies of this Amendment signed by all the parties
shall be lodged with the Borrower and the Administrative Agent.
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IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed and delivered by their respective proper and duly
authorized officers as of the day and year first above written.
BOSTON SCIENTIFIC CORPORATION
By:
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Name:
Title:
THE CHASE MANHATTAN BANK,
as Administrative Agent
By:
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Name:
Title:
