EX-10.2
from 10-Q
9 pages
By Amendment No. 1 and as Further Amended, Supplemented, Amended and Restated or Otherwise Modified From Time to Time (The “Facility Agreement”) Among EDUCATION MANAGEMENT LLC, a Delaware Limited Liability Company (“Borrower”), EDUCATION MANAGEMENT Holdings LLC, a Delaware Limited Liability Company (“Holdings”), the Grantor Subsidiaries, Each Lender From Time to Time Party Thereto (Collectively, the “Lenders” And, Individually, a “Lender”) and Bank of America, N.A., as Administrative Agent, Collateral Agent and Issuing Bank. Capitalized Terms Used and Not Otherwise Defined Herein Shall Have the Meanings As- Signed to Them in the Facility Agreement. Whereas, Section 10.5 of the Facility Agreement Permits the Facility Agreement to Be Amended From Time to Time; Now, Therefore, in Consideration of the Premises and Covenants Contained Herein and for Other Good and Valuable Consideration, the Receipt and Sufficiency of Which Are Hereby Acknowledged, the Parties Hereto, Intending to Be Legally Bound Hereby, Agree as Follows: Section 1. Amendment. as of the Amendment No. 2 Effective Date (As Defined Below), the Facility Agreement Shall Be Amended as Follows: (A) the Definition of “Maturity Date” in the Facility Agreement Shall Be Replaced in Its Entirety With the Following
12/34/56