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Exhibit 10.27


FIRST AMENDMENT TO CREDIT AGREEMENT

        THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this "Amendment"), dated as of July 22, 2003, is by and among Ball Corporation, an Indiana corporation ("Company"), Ball European Holdings, Sarl, a corporation organized under the laws of Luxembourg ("European Holdco"), the financial institutions signatory hereto in their capacity as Lenders (as defined below) under the Credit Agreement (as defined below) and Deutsche Bank AG, New York Branch, as administrative agent for the Lenders ("Administrative Agent").

W I T N E S S E T H:

        WHEREAS, Company, European Holdco, certain subsidiaries of Company (together with Company and European Holdco, "Borrowers"), certain financial institutions (the "Lenders") and Administrative Agent are parties to that certain Credit Agreement dated as of December 19, 2002 (as amended, restated, supplemented or otherwise modified and in effect from time to time, the "Credit Agreement"), pursuant to which the Lenders have provided to Borrowers credit facilities and other financial accommodations; and

        WHEREAS, Borrowers have requested that Administrative Agent and the Lenders amend the Credit Agreement in certain respects as set forth herein and the Lenders and Administrative Agent are agreeable to the same, subject to the terms and conditions hereof.

        NOW, THEREFORE, in consideration of the premises and of the mutual covenants contained herein, and other good and valuable consideration the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows:

        1.    Defined Terms.    Terms capitalized herein and not otherwise defined herein are used with the meanings ascribed to such terms in the Credit Agreement.

        2.    Amendments to Credit Agreement.    The Credit Agreement is, as of the First Amendment Effective Date, hereby amended as follows:

        (a)    Section 1.1 of the Credit Agreement is amended by deleting the phrase "but excluding, however, any amortization of deferred financing costs" from the definition of "Consolidated Interest Expense" therein in its entirety and replacing it with the following new clauses:

      but excluding, however, (i) any amortization of deferred financing costs and (ii) any interest expense in respect of call premiums paid in connection with the repayment of the 2008 Subordinated Notes

        (b)   Section 1.1 of the Credit Agreement is further amended by deleting clause (i) of the definition of "Permitted Refinancing Indebtedness" therein in its entirety and replacing it with the following new clause (i):

      (i)    the principal amount of such Indebtedness (as determined as of the date of the incurrence of the Indebtedness in accordance with GAAP) does not exceed the principal amount of the Indebtedness refinanced thereby on such date plus the amount of accrued and unpaid fees and expenses incurred in connection with such replacement, renewal, refinancing or extension; provided, however, solely with respect to Permitted Refinancing Indebtedness of the 2008 Subordinated Notes, up to $300,000,000 of principal amount of Indebtedness (as determined as of the date of the incurrence of the Indebtedness in accordance with GAAP) shall be permitted, with such amount to be applied, within 45 days, to redeem the 2008 Subordinated Notes and any remaining amount to be applied to ongoing working capital purposes;


        (c)   Section 1.1 of the Credit Agreement is further amended by deleting clause (v)(B) of the definition of "Permitted Refinancing Indebtedness" therein in its entirety and replacing it with the following new clause (v)(B):

      (B)    in the case of Permitted Refinancing Indebtedness of the 2008 Subordinated Notes, (1) such Indebtedness is unsecured, (2) such Indebtedness is subordinated to the Obligations on terms and conditions not less, taken as a whole, favorable to the Lenders than the 2008 Subordinated Notes unless (a) such Indebtedness is incurred on or prior to September 30, 2003 or (b) the Leverage Ratio after giving pro forma effect to the incurrence of such Indebtedness would be equal to or less than 3.00 to 1.00, in which case such Indebtedness may rank pari passu in right of payment to the Facilities and (3) the scheduled maturity date shall not be earlier than, nor shall any amortization commence, prior to the date that is one year after the latest Term Loan Maturity Date.

        (d)   Section 1.1 of the Credit Agreement is further amended by adding the following new defined term in alphabetical order therein:

      "2008 Subordinated Note Repayment Reserve" means, (i) at any time after the incurrence of Permitted Refinancing Indebtedness with respect to the 2008 Subordinated Notes and prior to the repayment in full (or defeasance) of the 2008 Subordinated Notes, $260,312,500 and (ii) thereafter (including on the date of a Borrowing to be used to repay (or defease) the 2008 Subordinated Notes in full), $0.

        (e)   Section 1.1 of the Credit Agreement is further amended by adding the following clause to the end of the definition of "Total Available Multicurrency Revolving Commitment" therein:

      minus the 2008 Subordinated Note Repayment Reserve.

        (f)    Section 3.2(b) of the Credit Agreement is amended by adding the clause "plus the 2008 Subordinated Note Repayment Reserve" immediately prior to the parenthetical clause that ends the first sentence of such section.

        (g)   Section 4.3(e) of the Credit Agreement is amended by deleting the first sentence therein in its entirety and replacing it with the following sentence:

      subject to Section 4.5(c), each voluntary prepayment of Term Loans shall be applied to the Scheduled Term Repayments of the Term Facility or Term Facilities designated by Company (in amounts designated by Company), and within each such Term Loan, shall be applied to reduce the remaining Scheduled Term Repayments on a pro rata basis.

        (h)   Section 6.8(b) of the Credit Agreement is amended by deleting the parenthetical therein in its entirety and replacing it with the following parenthetical:

      (other than as Permitted Refinancing Indebtedness of the 2008 Subordinated Notes, except to the extent the Multicurrency Revolving Loans have previously been repaid with the Net Offering Proceeds of Permitted Refinancing Indebtedness of the 2008 Subordinated Notes)

        (i)    Section 8.2(b) of the Credit Agreement is amended by deleting such clause in its entirety and replacing it with the following clause:

      (b)    Receivables Facility Attributable Debt incurred in connection with Permitted Accounts Receivable Securitizations provided that (i) such Indebtedness related to Permitted Accounts Receivable Securitizations of Foreign Subsidiaries plus Indebtedness incurred pursuant to Section 8.2(r) shall not exceed the Dollar Equivalent of $125,000,000 in the aggregate and (ii) such Indebtedness related to all Permitted Accounts Receivable Securitizations shall not exceed the Dollar Equivalent of $300,000,000 in the aggregate;

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        (j)    Section 8.2(r) of the Credit Agreement is amended by deleting such clause in its entirety and replacing it with the following clause:

      (r)    Indebtedness (including any refinancings of such Indebtedness) incurred by European Holdco, Canadian Borrower or any of their Subsidiaries in addition to that referred to elsewhere in this Section 8.2 in a Dollar Equivalent principal amount outstanding not to exceed $125,000,000 in the aggregate minus the Dollar Equivalent of Indebtedness incurred pursuant to Section 8.2(b)(i).

        (k)   Section 8.5(iii) of the Credit Agreement is amended by adding the following clause to the end of such Section, immediately following the phrase "other than with the proceeds of Permitted Refinancing Indebtedness":

      or with other funds in an amount not greater than the proceeds of Permitted Refinancing Indebtedness incurred within 45 days prior to the date of such prepayment

        (l)    Section 12.18 of the Credit Agreement is amended by adding the following paragraph to the end of such Section, immediately following clause (e) thereof:

      Notwithstanding anything in this Agreement to the contrary, the Administrative Agent, the Canadian Administrative Agent, each of the Lenders, each of the Borrowers and all other parties to the transactions contemplated hereunder (collectively, the "Parties") hereby agree that all Parties (and each employee, representative, or other agent of such Parties) may disclose to any and all persons, without limitation of any kind, the U.S. "tax treatment" or "tax structure" (in each case, within the meaning of Treasury Regulation section 1.6011-4) of the transactions contemplated hereunder and all materials of any kind (including opinions or other tax analyses) that are provided to such Parties relating to such U.S. "tax treatment" and "tax structure" (in each case, within the meaning of Treasury Regulation section 1.6011-4); provided, that to the extent any Information relates to the " tax treatment" or "tax structure" and contains other information, this paragraph shall only apply to the information relating to the "tax treatment" or "tax structure"; provided, however, that no Party shall disclose any information to the extent that such disclosure would result in a violation of any Federal or state securities law. This authorization is not intended to permit disclosure of any other information, including (without limitation) (i) any portion of any materials to the extent not necessary to understanding the "tax treatment" or "tax structure" of the transactions contemplated hereunder, (ii) the identities of the participants or potential participants in any transaction contemplated hereunder, (iii) the existence or status of any negotiations, (iv) any pricing or financial information (except to the extent such pricing or financial information is necessary to understanding the "tax treatment" or "tax structure" of the transactions contemplated hereunder), or (v) any other term or detail not necessary to understanding the "tax treatment" or "tax structure" of the transactions contemplated hereunder. The intent of this provision is that the transactions contemplated by the Loan Documents are not treated as having been offered under conditions of confidentiality for purposes of Treasury Regulations section 1.6011-4(b)(3)(i).

        3.    Fees.    In consideration of the execution of this Agreement by Administrative Agent and the Required Lenders, Company hereby agrees to pay to each Lender which executes and delivers this Agreement on or prior to 5:00 p.m. (New York City time) July 22, 2003 a fee (the "Amendment Fee") in an amount equal to (a) such Lender's Multicurrency Revolving Commitment as in effect on the First Amendment Effective Date plus the Dollar Equivalent of such Lender's Canadian Revolving Commitment as in effect on the First Amendment Effective Date plus the Dollar Equivalent aggregate outstanding principal amount of such Lender's Term Loans in effect on the First Amendment Effective Date multiplied by (b) 0.05%.

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        4.    Representations and Warranties.    In order to induce Administrative Agent and the Lenders to enter into this Agreement, each of Company and European Holdco hereby represents and warrants to Administrative Agent and the Lenders, in each case after giving effect to this Agreement, as follows:

        (a)   Each of Company and European Holdco has the right, power and capacity and has been duly authorized and empowered by all requisite corporate or limited liability company and shareholder or member action to enter into, execute, deliver and perform this Agreement and all agreements, documents and instruments executed and delivered pursuant to this Agreement.

        (b)   This Agreement constitutes each of Company's and European Holdco's legal, valid and binding obligation, enforceable against it, except as enforcement thereof may be subject to the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors' rights generally and general principles of equity (regardless of whether such enforcement is sought in a proceeding in equity or at law or otherwise).

        (c)   The representations and warranties contained in the Credit Agreement and the other Loan Documents are true and correct in all material respects at and as of the First Amendment Effective Date as though made on and as of the First Amendment Effective Date (except to the extent expressly made as of a specified date, in which event such representation and warranty is true and correct in all material respects as of such specified date).

        (d)   Each of Company's and European Holdco's execution, delivery and performance of this Agreement do not and will not violate its articles or certificate of incorporation, by-laws or other Organizational Documents, any law, rule, regulation, order, writ, judgment, decree or award applicable to it or any contractual provision to which it is a party or to which it or any of its property is subject.

        (e)   No authorization or approval or other action by, and no notice to or filing or registration with, any governmental authority or regulatory body (other than those which have been obtained and are in force and effect) is required in connection with the execution, delivery and performance by Company, European Holdco or any other Credit Party of this Agreement and all agreements, documents and instruments executed and delivered pursuant to this Agreement.

        (f)    No Event of Default or Unmatured Event of Default exists under the Credit Agreement or would exist after giving effect to this Agreement.

        5.    Conditions to Effectiveness of Amendment.    This Amendment shall become effective on the date (the "First Amendment Effective Date") each of the following conditions precedent is satisfied:

        (a)    Execution and Delivery of Amendment.    Company, European Holdco, Administrative Agent and the Required Lenders shall have executed and delivered this Agreement.

        (b)    Execution and Delivery of Officer's Certificate.    Administrative Agent shall have received a certificate of a Responsible Officer of Company and European Holdco in the form of Exhibit A attached hereto.

        (c)    Payment of First Amendment Effective Date Amendment Fee.    Company shall have paid in full to Administrative Agent the Amendment Fee required by Section 3 hereof.

        (d)    Representations and Warranties.    The representations and warranties of Company, European Holdco and the other Credit Parties contained in this Amendment, the Credit Agreement and the other Loan Documents shall be true and correct in all material respects as of the First Amendment Effective Date, with the same effect as though made on such date (except to the extent expressly made as of a specified date, in which event such representation and warranty is true and correct in all material respects as of such specified date).

        (e)    No Defaults.    No Unmatured Event of Default or Event of Default under the Credit Agreement shall have occurred and be continuing.

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        6.    Miscellaneous.    The parties hereto hereby further agree as follows:

        (a)    Costs, Expenses and Taxes.    Company hereby agrees to pay all reasonable fees, costs and expenses of Administrative Agent incurred in connection with the negotiation, preparation and execution of this Amendment and the transactions contemplated hereby, including, without limitation, the reasonable fees and expenses of Winston & Strawn, counsel to the Administrative Agent.

        (b)    Counterparts.    This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same Amendment.

        (c)    Headings.    Headings used in this Amendment are for convenience of reference only and shall not affect the construction of this Amendment.

        (d)    Integration.    This Amendment and the Credit Agreement (as amended hereby) constitute the entire agreement among the parties hereto with respect to the subject matter hereof.

        (e)    Governing Law.    THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF SAID STATE, INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW BUT EXCLUDING ALL OTHER CHOICE OF LAW AND CONFLICTS OF LAWS RULES.

        (f)    Binding Effect.    This Amendment shall be binding upon, and inure to the benefit of, Borrowers, Administrative Agent, the Lenders and their respective successors and assigns; provided, however, that no Borrower may assign its rights or obligations hereunder or in connection herewith or any interest herein (voluntarily, by operation of law or otherwise) without the prior written consent of the Lenders.

        (g)    Amendment; Waiver.    The parties hereto agree and acknowledge that nothing contained in this Amendment in any manner or respect limits or terminates any of the provisions of the Credit Agreement or any of the other Loan Documents other than as expressly set forth herein and further agree and acknowledge that the Credit Agreement (as amended hereby) and each of the other Loan Documents remain and continue in full force and effect and are hereby ratified and confirmed. Except to the extent expressly set forth herein, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any rights, power or remedy of the Lenders or Administrative Agent under the Credit Agreement or any other Loan Document, nor constitute a waiver of any provision of the Credit Agreement or any other Loan Document. No delay on the part of any Lender or Administrative Agent in exercising any of their respective rights, remedies, powers and privileges under the Credit Agreement or any of the Loan Documents or partial or single exercise thereof, shall constitute a waiver thereof. On and after the First Amendment Effective Date each reference in the Credit Agreement to "this Agreement," "hereunder," "hereof," "herein" or words of like import, and each reference to the Credit Agreement in the Loan Documents and all other documents delivered in connection with the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby. Company and European Holdco acknowledge and agree that this Amendment constitutes a "Loan Document" for purposes of the Credit Agreement, including, without limitation, Section 10.1 of the Credit Agreement. None of the terms and conditions of this Amendment may be changed, waived, modified or varied in any manner, whatsoever, except in accordance with Section 12.1 of the Credit Agreement.

        (h)    Reaffirmation of Guaranty.    Company undertakes to deliver to Administrative Agent, on or before August 31, 2003, a Reaffirmation of Guaranty executed by a Responsible Officer of each of the Guarantors (other than Company) in the form of Exhibit B attached hereto.

[Signature Page Follows]

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        IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first written above.


 

 

BALL CORPORATION

 

 

By:

 

/s/  
SCOTT C. MORRISON      
    Name:  Scott C. Morrison
Title:    Vice President and Treasurer

 

 

BALL EUROPEAN HOLDINGS, SARL

 

 

By:

 

/s/  
CHARLES E. BAKER      
    Name:  Charles E. Baker
Title:    Manager

 

 

DEUTSCHE BANK AG, NEW YORK BRANCH, in its individual capacity and as Administrative Agent

 

 

By:

 

/s/  
M.A. ORLANDO      
    Name:  Marco Orlando
Title:    Director

 

 

By:

 

/s/  
CHARLES P. FERRIS      
    Name:  Charles P. Ferris
Title:    Assistant Vice President

 

 

DEUTSCHE BANK AG, CANADA BRANCH

 

 

By:

 

/s/  
JOHN MAYNARD      
    Name:  John Maynard
Title:    Chief Financial Officer

 

 

By:

 

/s/  
MARCELLUS LEUNG      
    Name:  Marcellus Leung
Title:    Assistant Vice President
         


 

 

ALLSTATE LIFE INSURANCE COMPANY

 

 

By:

 

/s/  
CHRIS GOERGEN      
    Name:  Chris Goergen
Title:    Authorized Signatory

 

 

By:

 

/s/  
JERRY ZINKULA      
    Name:  Jerry Zinkula
Title:    Authorized Signatory

 

 

AIMCO CDO SERIES 2000-A

 

 

By:

 

/s/  
CHRIS GOERGEN      
    Name:  Chris Goergen
Title:    Authorized Signatory

 

 

By:

 

/s/  
JERRY ZINKULA      
    Name:  Jerry Zinkula
Title:    Authorized Signatory

 

 

AIMCO CLO SERIES 2001-A

 

 

By:

 

/s/  
CHRIS GOERGEN      
    Name:  Chris Goergen
Title:    Authorized Signatory

 

 

By:

 

/s/  
JERRY ZINKULA      
    Name:  Jerry Zinkula
Title:    Authorized Signatory

 

 

PPM AMERICA, INC., as Attorney-in-fact,
On Behalf of Jackson National Life Insurance Company

 

 

By:

 

/s/  
DAVID C. WAGNER      
    Name:  David C. Wagner
Title:    Managing Director
         


 

 

PPM SPYGLASS FUNDING TRUST

 

 

By:

 

/s/  
ANN E. MORRIS      
    Name:  Ann E. Morris
Title:    Authorized Agent

 

 

PPM SHADOW CREEK FUNDING LLC

 

 

By:

 

/s/  
ANN E. MORRIS      
    Name:  Ann E. Morris
Title:    Assistant Vice President

 

 

NEW YORK LIFE INSURANCE COMPANY

 

 

By:

 

/s/  
F. DAVID MELKE      
    Name:  F. David Melke
Title:    Investment Vice President

 

 

THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND

 

 

By:

 

/s/  
GARETH MAGEE      
    Name:  Gareth Magee
Title:    Authorized Signatory

 

 

By:

 

/s/  
TOM HAYES      
    Name:  Tom Hayes
Title:    Authorized Signatory

 

 

WINGED FOOT FUNDING TRUST

 

 

By:

 

/s/  
ANN E. MORRIS      
    Name:  Ann E. Morris
Title:    Authorized Agent

 

 

JUPITER LOAN FUNDING LLC

 

 

By:

 

/s/  
ANN E. MORRIS      
    Name:  Ann E. Morris
Title:    Assistant Vice President
         


 

 

AMERICAN EXPRESS CERTIFICATE COMPANY

 

 

By:

 

American Express Asset Management Group, Inc. as Collateral Manager

 

 

By:

 

/s/  
MICHELLE KEELEY      
    Name:  Michelle Keeley
Title:    Senior Vice President—Fixed Income Investments

 

 

IDS LIFE INSURANCE COMPANY

 

 

By:

 

American Express Asset Management Group, Inc. as Collateral Manager

 

 

By:

 

/s/  
MICHELLE KEELEY      
    Name:  Michelle Keeley
Title:    Senior Vice President—Fixed Income Investments

 

 

HEWETT'S ISLAND CDO, LTD

 

 

By:

 

/s/  
PETER M. CAMPO      
    Name:  Peter M. Campo, CFA
Title:    Analyst

 

 

THE BANK OF NOVA SCOTIA

 

 

By:

 

/s/  
P.J. ARMSTRONG      
    Name:  P.J. Armstrong
Title:    Vice President and Centre Manager

 

 

RMF EURO CDO S.A.

 

 

By:

 

/s/  
H. NEWMAN      
    Name:  H. Newman
Title:    
         


 

 

DAVID L. BABSON & CO. INC.
as Collateral Manager for:
ELC (Cayman) Ltd. CDO Series 1999-1

 

 

By:

 

/s/  
GLENN P. DUFFY      
    Name:  Glenn P. Duffy, CPA
Title:    Managing Director

 

 

TORONTO DOMINION (NEW YORK), INC.

 

 

By:

 

/s/  
GWEN ZIRKLE      
    Name:  Gwen Zirkle
Title:    Vice President

 

 

BANCA POPOLARE DI LODI SCARL LONDON BRANCH

 

 

By:

 

/s/  
L.K. CHAN      
    Name:  L.K. Chan
Title:    Manager

 

 

By:

 

/s/  
JOHN SIDHOM      
    Name:  John Sidhom
Title:    Manager

 

 

ARES IV CLO LTD.

 

 

By:

 

Ares CLO Management IV, L.P., Investment Manager

 

 

By:

 

Ares CLO GP IV, LLC, Its Managing Member

 

 

By:

 

/s/  
CHRISTOPHER N. JACOBS      
    Name:  Christopher N. Jacobs
Title:    Vice President
         


 

 

ARES VI CLO LTD.

 

 

By:

 

Ares CLO Management VI, L.P., Investment Manager

 

 

By:

 

Ares CLO GP VI, LLC, Its Managing Member

 

 

By:

 

/s/  
CHRISTOPHER N. JACOBS      
    Name:  Christopher N. Jacobs
Title:    Vice President

 

 

ARES VII CLO LTD.

 

 

By:

 

Ares CLO Management VII, L.P., Investment Manager

 

 

By:

 

Ares CLO GP VII, LLC, Its General Partner

 

 

By:

 

/s/  
CHRISTOPHER N. JACOBS      
    Name:  Christopher N. Jacobs
Title:    Vice President

 

 

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY

 

 

By:

 

David L. Babson & Company Inc. as Investment Adviser

 

 

By:

 

/s/  
GLENN P. DUFFY      
    Name:  Glenn P. Duffy, CFA
Title:    Managing Director

 

 

APEX (IDM) CDO I, LTD.

 

 

By:

 

David L. Babson & Company Inc. as Collateral Manager

 

 

By:

 

/s/  
GLENN P. DUFFY      
    Name:  Glenn P. Duffy, CFA
Title:    Managing Director
         


 

 

BABSON CLO LTD. 2003-I

 

 

By:

 

David L. Babson & Company Inc. as Manager

 

 

By:

 

/s/  
GLENN P. DUFFY      
    Name:  Glenn P. Duffy, CFA
Title:    Managing Director

 

 

BILL & MELINDA GATES FOUNDATION

 

 

By:

 

David L. Babson & Company Inc. as Investment Manager

 

 

By:

 

/s/  
GLENN P. DUFFY      
    Name:  Glenn P. Duffy
Title:    Managing Director

 

 

ELC (CAYMAN) LTD.

 

 

By:

 

David L. Babson & Company Inc. as Collateral Manager

 

 

By:

 

/s/  
GLENN P. DUFFY      
    Name:  Glenn P. Duffy, CFA
Title:    Managing Director

 

 

ELC (CAYMAN) LTD. 1999-II

 

 

By:

 

David L. Babson & Company Inc. as Collateral Manager

 

 

By:

 

/s/  
GLENN P. DUFFY, CFA      
    Name:  Glenn P. Duffy, CFA
Title:    Managing Director
         


 

 

ELC (CAYMAN) LTD. 1999-III

 

 

By:

 

David L. Babson & Company Inc. as Collateral Manager

 

 

By:

 

/s/  
GLENN P. DUFFY      
    Name:  Glenn P. Duffy, CFA
Title:    Managing Director

 

 

SUFFIELD CLO, LIMITED

 

 

By:

 

David L. Babson & Company Inc. as Collateral Manager

 

 

By:

 

/s/  
GLENN P. DUFFY      
    Name:  Glenn P. Duffy, CFA
Title:    Managing Director

 

 

TRYON CLO LTD. 2000-I

 

 

By:

 

David L. Babson & Company Inc. as Collateral Manager

 

 

By:

 

/s/  
GLENN P. DUFFY      
    Name:  Glenn P. Duffy, CFA
Title:    Managing Director

 

 

SCOTIABANK EUROPE PLC

 

 

By:

 

/s/  
J.A. FLEKER      
    Name:  J.A. Fleker
Title:    Director

 

 

CREDIT LYONNAIS NEW YORK BRANCH

 

 

By:

 

/s/  
JAMES GIBSON      
    Name:  James Gibson
Title:    Senior Vice President
         


 

 

RZB FINANCE LLC, CONNECTICUT OFFICE

 

 

By:

 

/s/  
JOHN A. VALISKA      
    Name:  John A. Valiska
Title:    Group Vice President

 

 

By:

 

/s/  
CHRISTOPH HOEDL      
    Name:  Christoph Hoedl
Title:    Vice President

 

 

PILGRIM CLO 1999-1 LTD.

 

 

By:

 

ING Investments, LLC as its investment manager

 

 

By:

 

/s/  
CHARLES E. LEMIEUX      
    Name:  Charles E. LeMieux, CFA
Title:    Vice President

 

 

SEQUILS—PILGRIM I, LTD.

 

 

By:

 

ING Investments, LLC as its investment manager

 

 

By:

 

/s/  
CHARLES E. LEMIEUX      
    Name:  Charles E. LeMieux, CFA
Title:    Vice President

 

 

CENTURION CDO II, LTD.

 

 

By:

 

American Express Asset Management Group Inc. as Collateral Manager

 

 

By:

 

/s/  
LEANNE SLAVRAKIS      
    Name:  Leanne Slavrakis
Title:    Director—Operations
         


 

 

SEQUILS—CENTURION V, LTD.

 

 

By:

 

American Express Asset Management Group Inc. as Collateral Manager

 

 

By:

 

/s/  
LEANNE SLAVRAKIS      
    Name:  Leanne Slavrakis
Title:    Director—Operations

 

 

CENTURION CDO VI, LTD.

 

 

By:

 

American Express Asset Management Group, Inc. as Collateral Manager

 

 

By:

 

/s/  
LEANNE SLAVRAKIS      
    Name:  Leanne Slavrakis
Title:    Director—Operations

 

 

SENIOR DEBT PORTFOLIO

 

 

By:

 

Boston Management and Research as Investment Advisor

 

 

By:

 

/s/  
MICHEAL BOTTHOF      
    Name:  Micheal Botthof
Title:    Vice President

 

 

EATON VANCE SENIOR INCOME TRUST

 

 

By:

 

Eaton Vance Management as Investment Advisor

 

 

By:

 

/s/  
MICHEAL BOTTHOF      
    Name:  Micheal Botthof
Title:    Vice President
         


 

 

EATON VANCE INSTITUTIONAL SENIOR LOAN FUND

 

 

By:

 

Eaton Vance Management as Investment Advisor

 

 

By:

 

/s/  
MICHEAL BOTTHOF      
    Name:  Micheal Botthof
Title:    Vice President

 

 

OXFORD STRATEGIC INCOME FUND

 

 

By:

 

Eaton Vance Management as Investment Advisor

 

 

By:

 

/s/  
MICHEAL BOTTHOF      
    Name:  Micheal Botthof
Title:    Vice President

 

 

EATON VANCE CDO III, LTD.

 

 

By:

 

Eaton Vance Management as Investment Advisor

 

 

By:

 

/s/  
MICHEAL BOTTHOF      
    Name:  Micheal Botthof
Title:    Vice President

 

 

EATON VANCE CDO IV, LTD.

 

 

By:

 

Eaton Vance Management as Investment Advisor

 

 

By:

 

/s/  
MICHEAL BOTTHOF      
    Name:  Micheal Botthof
Title:    Vice President
         


 

 

COSTANTINUS EATON VANCE CDO V, LTD.

 

 

By:

 

Eaton Vance Management as Investment Advisor

 

 

By:

 

/s/  
MICHEAL BOTTHOF      
    Name:  Micheal Botthof
Title:    Vice President

 

 

GRAYSON & CO.

 

 

By:

 

Boston Management and Research as Investment Advisor

 

 

By:

 

/s/  
MICHEAL BOTTHOF      
    Name:  Micheal Botthof
Title:    Vice President

 

 

BIG SKY SENIOR LOAN FUND, LTD.

 

 

By:

 

Eaton Vance Management as Investor Advisor

 

 

By:

 

/s/  
MICHEAL BOTTHOF      
    Name:  Micheal Botthof
Title:    Vice President

 

 

COMMERZBANK AG, NEW YORK AND GRAND CAYMAN BRANCHES

 

 

By:

 

/s/  
DOUGLAS I. GLICKMAN      
    Name:  Douglas I. Glickman
Title:    Vice President

 

 

By:

 

/s/  
ISABEL S. ZEISSIG      
    Name:  Isabel S. Zeissig
Title:    Assistant Vice President
         


 

 

THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

 

 

By:

 

Prudential Investment Management, Inc. As Collateral Manager

 

 

By:

 

/s/  
JILL BAUM      
    Name:  Jill Baum
Title:    Vice President

 

 

DRYDEN III LEVERAGED LOAN CDO 2002

 

 

By:

 

Prudential Investment Management, Inc., As Collateral Manager

 

 

By:

 

/s/  
JILL BAUM      
    Name:  Jill Baum
Title:    Vice President

 

 

DRYDEN LEVERAGE LOAN CDO 2002-II

 

 

By:

 

Prudential Investment Management, Inc., As Collateral Manager

 

 

By:

 

/s/  
JILL BAUM      
    Name:  Jill Baum
Title:    Vice President

 

 

GENERAL ELECTRIC CAPITAL CORPORATION

 

 

By:

 

/s/  
BRIAN P. SCHWINN      
    Name:  Brian P. Schwinn
Title:    Duly Authorized Signatory

 

 

BANK ONE, NA

 

 

By:

 

/s/  
KAREN C. RYAN      
    Name:  Karen C. Ryan
Title:    Director
         


 

 

SUMITOMO MITSUI BANKING CORPORATION

 

 

By:

 

/s/  
SURESH TATA      
    Name:  Suresh Tata
Title:    Senior Vice President

 

 

THE BANK OF TOKYO-MITSUBISHI, LTD.
Chicago Branch

 

 

By:

 

/s/  
SHINICHIRO MUNECHIKA      
    Name:  Shinichiro Munechika
Title:    Deputy General Manager

 

 

ADDISON CDO, LIMITED (#1279)

 

 

By:

 

Pacific Investment Management Company LLC, as its Investment Advisor

 

 

By:

 

/s/  
MOHAN V. PHANSALKAR      
    Name:  Mohan V. Phansalkar
Title:    Executive Vice President

 

 

ATHENA CDO, LIMITED (#1277)

 

 

By:

 

Pacific Investment Management Company LLC, as its Investment Advisor

 

 

By:

 

/s/  
MOHAN V. PHANSALKAR      
    Name:  Mohan V. Phansalkar
Title:    Executive Vice President

 

 

CAPTIVA III FINANCE LTD. (Acct. 275), as advised by Pacific Investment Management Company LLC

 

 

By:

 

/s/  
DAVID DYER      
    Name:  David Dyer
Title:    Director
         


 

 

CAPTIVA IV FINANCE LTD. (Acct. 1275), as advised by Pacific Investment Management Company LLC

 

 

By:

 

/s/  
DAVID DYER      
    Name:  David Dyer
Title:    Director

 

 

DELANO COMPANY (#274)

 

 

By:

 

Pacific Investment Management Company LLC, as its Investment Advisor

 

 

By:

 

/s/  
MOHAN V. PHANSALKAR      
    Name:  Mohan V. Phansalkar
Title:    Executive Vice President

 

 

INTERCONTINENTAL CDO S.A. (#1284)

 

 

By:

 

Pacific Investment Management Company LLC, as its Investment Advisor

 

 

By:

 

/s/  
MOHAN V. PHANSALKAR      
    Name:  Mohan V. Phansalkar
Title:    Executive Vice President

 

 

JISSEKIKUN FUNDING, LTD. (#1288)

 

 

By:

 

Pacific Investment Management Company LLC, as its Investment Advisor

 

 

By:

 

/s/  
MOHAN V. PHANSALKAR      
    Name:  Mohan V. Phansalkar
Title:    Executive Vice President
         


 

 

PIMCO HIGH YIELD FUND (#705)

 

 

By:

 

Pacific Investment Management Company LLC, as its Investment Advisor for the PIMCO High Yield Fund, acting through Investors Fiduciary Trust Company in the Nominee Name of IFTCO

 

 

By:

 

/s/  
MOHAN V. PHANSALKAR      
    Name:  Mohan V. Phansalkar
Title:    Executive Vice President

 

 

SEQUILS-MAGNUM. LTD. (#1280)

 

 

By:

 

Pacific Investment Management Company LLC, as its Investment Advisor

 

 

By:

 

/s/  
MOHAN V. PHANSALKAR      
    Name:  Mohan V. Phansalkar
Title:    Executive Vice President

 

 

WAVELAND—INGOTS, LTD. (#2006)

 

 

By:

 

Pacific Investment Management Company LLC, as its Investment Advisor

 

 

By:

 

/s/  
MOHAN V. PHANSALKAR      
    Name:  Mohan V. Phansalkar
Title:    Executive Vice President

 

 

WRIGLEY CDO, LTD. (#1285)

 

 

By:

 

Pacific Investment Management Company LLC, as its Investment Advisor

 

 

By:

 

/s/  
MOHAN V. PHANSALKAR      
    Name:  Mohan V. Phansalkar
Title:    Executive Vice President
         


 

 

TCW SELECT LOAN FUND, LIMITED

 

 

By:

 

TCW Advisors, Inc. as its Collateral Manager

 

 

By:

 

/s/  
G. STEVEN KALIN      
    Name:  G. Steven Kalin
Title:    Senior Vice President

 

 

By:

 

/s/  
JONATHAN R. INSULL      
    Name:  Jonathan R. Insull
Title:    Managing Director

 

 

SEQUILS IV, LTD.

 

 

By:

 

TCW Advisors, Inc. as its Collateral Manager

 

 

By:

 

/s/  
JONATHAN R. INSULL      
    Name:  Jonathan R. Insull
Title:    Managing Director

 

 

By:

 

/s/  
G. STEVEN KALIN      
    Name:  G. Steven Kalin
Title:    Senior Vice President

 

 

SEQUILS I, LTD.

 

 

By:

 

TCW Advisors, Inc. as its Collateral Manager

 

 

By:

 

/s/  
JONATHAN R. INSULL      
    Name:  Jonathan R. Insull
Title:    Managing Director

 

 

By:

 

/s/  
G. STEVEN KALIN      
    Name:  G. Steven Kalin
Title:    Senior Vice President
         


 

 

C-SQUARED CDO LTD.

 

 

By:

 

TCW Advisors, Inc. as its Portfolio Manager

 

 

By:

 

/s/  
G. STEVEN KALIN      
    Name:  G. Steven Kalin
Title:    Senior Vice President

 

 

BAVARIA TRR CORPORATION

 

 

By:

 

/s/  
LORI GEBRON      
    Name:  Lori Gebron
Title:    Vice President

 

 

KZH CNC LLC

 

 

By:

 

/s/  
DORIAN HERRERA      
    Name:  Dorian Herrera
Title:    Authorized Agent

 

 

KZH CRESCENT LLC

 

 

By:

 

/s/  
DORIAN HERRERA      
    Name:  Dorian Herrera
Title:    Authorized Agent

 

 

KZH CRESCENT-2 LLC

 

 

By:

 

/s/  
DORIAN HERRERA      
    Name:  Dorian Herrera
Title:    Authorized Agent

 

 

KZH CRESCENT-3 LLC

 

 

By:

 

/s/  
DORIAN HERRERA      
    Name:  Dorian Herrera
Title:    Authorized Agent
         


 

 

KZH CYPRESSTREE-1 LLC

 

 

By:

 

/s/  
DORIAN HERRERA      
    Name:  Dorian Herrera
Title:    Authorized Agent

 

 

KZH ING-2 LLC

 

 

By:

 

/s/  
DORIAN HERRERA      
    Name:  Dorian Herrera
Title:    Authorized Agent

 

 

KZH SOLEIL LLC

 

 

By:

 

/s/  
DORIAN HERRERA      
    Name:  Dorian Herrera
Title:    Authorized Agent

 

 

KZH SOLEIL-2 LLC

 

 

By:

 

/s/  
DORIAN HERRERA      
    Name:  Dorian Herrera
Title:    Authorized Agent

 

 

KZH STERLING LLC

 

 

By:

 

/s/  
DORIAN HERRERA      
    Name:  Dorian Herrera
Title:    Authorized Agent

 

 

KZH WATERSIDE LLC

 

 

By:

 

/s/  
DORIAN HERRERA      
    Name:  Dorian Herrera
Title:    Authorized Agent
         


 

 

AERIES FINANCE-II LTD.

 

 

By:

 

INVESCO Senior Secured Management, Inc.
As Sub-Managing Agent

 

 

By:

 

/s/  
JOSEPH ROTONDO      
    Name:  Joseph Rotondo
Title:    Authorized Signatory

 

 

AVALON CAPITAL LTD.

 

 

By:

 

INVESCO Senior Secured Management, Inc.
As Portfolio Advisor

 

 

By:

 

/s/  
JOSEPH ROTONDO      
    Name:  Joseph Rotondo
Title:    Authorized Signatory

 

 

AVALON CAPITAL LTD. 2

 

 

By:

 

INVESCO Senior Secured Management, Inc.
As Portfolio Advisor

 

 

By:

 

/s/  
JOSEPH ROTONDO      
    Name:  Joseph Rotondo
Title:    Authorized Signatory

 

 

OASIS COLLATERALIZED HIGH INCOME PORTFOLIOS-1, LTD.

 

 

By:

 

INVESCO Senior Secured Management, Inc.
As Subadvisor

 

 

By:

 

/s/  
JOSEPH ROTONDO      
    Name:  Joseph Rotondo
Title:    Authorized Signatory


 

 

CHARTER VIEW PORTFOLIO

 

 

By:

 

INVESCO Senior Secured Management, Inc.
As Investment Advisor

 

 

By:

 

/s/  
JOSEPH ROTONDO      
    Name:  Joseph Rotondo
Title:    Authorized Signatory

 

 

DIVERSIFIED CREDIT PORTFOLIO LTD.

 

 

By:

 

INVESCO Senior Secured Management, Inc.
As Investment Advisor

 

 

By:

 

/s/  
JOSEPH ROTONDO      
    Name:  Joseph Rotondo
Title:    Authorized Signatory

 

 

AIM FLOATING RATE FUND

 

 

By:

 

INVESCO Senior Secured Management, Inc.
As Attorney in fact

 

 

By:

 

/s/  
JOSEPH ROTONDO      
    Name:  Joseph Rotondo
Title:    Authorized Signatory

 

 

INVESCO CBO 2000-1 LTD.

 

 

By:

 

INVESCO Senior Secured Management, Inc.
As Portfolio Advisor

 

 

By:

 

/s/  
JOSEPH ROTONDO      
    Name:  Joseph Rotondo
Title:    Authorized Signatory
         


 

 

INVESCO EUROPEAN CDO I S.A.

 

 

By:

 

INVESCO Senior Secured Management, Inc.
As Collateral Advisor

 

 

By:

 

/s/  
JOSEPH ROTONDO      
    Name:  Joseph Rotondo
Title:    Authorized Signatory

 

 

SARATOGA CLO I, LIMITED

 

 

By:

 

INVESCO Senior Secured Management, Inc.
As Asset Advisor

 

 

By:

 

/s/  
JOSEPH ROTONDO      
    Name:  Joseph Rotondo
Title:    Authorized Signatory

 

 

SEQUILS-LIBERTY, LTD.

 

 

By:

 

INVESCO Senior Secured Management, Inc.
As Collateral Manager

 

 

By:

 

/s/  
JOSEPH ROTONDO      
    Name:  Joseph Rotondo
Title:    Authorized Signatory

 

 

FIDELITY ADVISOR SERIES II: FIDELITY ADVISOR FLOATING RATE HIGH INCOME FUND (161)

 

 

By:

 

/s/  
JOHN H. COSTELLO      
    Name:  John H. Costello
Title:    Assistant Treasurer

 

 

BANK OF AMERICA, N.A.

 

 

By:

 

/s/  
BRIAN D. CORUM      
    Name:  Brian D. Corum
Title:    Managing Director
         


 

 

EAST WEST BANK

 

 

By:

 

/s/  
NANCY A. MOORE      
    Name:  Nancy A. Moore
Title:    Senior Vice President

 

 

NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION

 

 

By:

 

New York Life Investment Management, LLC, Its Investment Manager

 

 

By:

 

/s/  
F. DAVID MELKA      
    Name:  F. David Melka
Title:    Vice President

 

 

ALCENTRA LTD. AS INVESTMENT ADVISER TO JUBILEE CDO II BV

 

 

By:

 

/s/  
PAUL HATFIELD      
    Name:  Paul Hatfield
Title:    Portfolio Manager

 

 

SEQUILS-GLACE BAY, LTD.

 

 

By:

 

Royal Bank of Canada as Collateral Manager

 

 

By:

 

/s/  
MELISSA MARANO      
    Name:  Melissa Marano
Title:    Partner

 

 

PB CAPITAL CORPORATION

 

 

By:

 

/s/  
ANDREW L. SHIPMAN      
    Name:  Andrew L. Shipman
Title:    Assistant Vice President

 

 

By:

 

/s/  
TYLER J. MCCARTHY      
    Name:  Tyler J. McCarthy
Title:    Vice President
         


 

 

HANOVER SQUARE CLO LTD.

 

 

By:

 

Blackstone Debt Advisors L.P. As Collateral Manager

 

 

By:

 

/s/  
DEAN CRIARES      
    Name:  Dean Criares
Title:    Managing Director

 

 

GULF STREAM-COMPASS CLO 2002-I, LTD.

 

 

By:

 

Gulf Stream Asset Management, LLC

 

 

By:

 

/s/  
BARRY K. LOVE      
    Name:  Barry K. Love
Title:    Chief Credit Officer

 

 

LEOPARD CLO I, BV

 

 

By:

 

/s/  
MIKE RAMSAY      
    Name:  Mike Ramsay
Title:    Portfolio Manager

 

 

AIB DEBT MANAGEMENT LTD.

 

 

By:

 

/s/  
RIMA TERRADISTA      
    Name:  Rima Terradista
Title:    Senior Vice President

 

 

By:

 

/s/  
JOHN FARRACE      
    Name:  John Farrace
Title:    Senior Vice President

 

 

COBANK, ACB

 

 

By:

 

/s/  
S. RICHARD DILL      
    Name:  S. Richard Dill
Title:    Vice President
         


 

 

KEYBANK NATIONAL ASSOCIATION

 

 

By:

 

/s/  
THOMAS J. PURCELL      
    Name:  Thomas J. Purcell
Title:    Senior Vice President

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

By:

 

/s/  
RANDALL SCHMIDT      
    Name:  Randall Schmidt
Title:    Vice President

 

 

IKB CAPITAL CORPORATION

 

 

By:

 

/s/  
DAVID N. SNYDER      
    Name:  David N. Snyder
Title:    President

 

 

BANK LEUMI USA

 

 

By:

 

/s/  
JOUNG HEE HONG      
    Name:  Joung Hee Hong
Title:    Vice President

 

 

SUNTRUST BANK

 

 

By:

 

/s/  
BRIAN M. DAVIS      
    Name:  Brian M. Davis
Title:    Director

 

 

THE BANK OF NEW YORK

 

 

By:

 

/s/  
ROBERT BESSER      
    Name:  Robert Besser
Title:    Vice President
         


 

 

FRANKLIN CLO IV, LIMITED

 

 

By:

 

/s/  
DAVID ARDINI      
    Name:  David Ardini
Title:    Vice President

 

 

OCTAGON INVESTMENT PARTNERS II, LLC

 

 

By:

 

Octagon Credit Investors, LLC as sub-investment manager

 

 

By:

 

/s/  
MICHAEL B. NECHAMKIN      
    Name:  Michael B. Nechamkin
Title:    Portfolio Manager

 

 

OCTAGON INVESTMENT PARTNERS III, LTD.

 

 

By:

 

Octagon Credit Investors, LLC as Portfolio Manager

 

 

By:

 

/s/  
MICHAEL B. NECHAMKIN      
    Name:  Michael B. Nechamkin
Title:    Portfolio Manager

 

 

OCTAGON INVESTMENT PARTNERS IV, LTD.

 

 

By:

 

Octagon Credit Investors, LLC as collateral manager

 

 

By:

 

/s/  
MICHAEL B. NECHAMKIN      
    Name:  Michael B. Nechamkin
Title:    Portfolio Manager
         


 

 

OCTAGON INVESTMENT PARTNERS V, LTD.

 

 

By:

 

Octagon Credit Investors, LLC as Portfolio Manager

 

 

By:

 

/s/  
MICHAEL B. NECHAMKIN      
    Name:  Michael B. Nechamkin
Title:    Portfolio Manager

 

 

BNP PARIBAS

 

 

By:

 

/s/  
SEAN T. CONLON      
    Name:  Sean T. Conlon
Title:    Managing Director

 

 

By:

 

/s/  
TJALLING TORPSTRA      
    Name:  Tjalling Torpstra
Title:    Director

 

 

ERSTE BANK, NEW YORK BRANH

 

 

By:

 

/s/  
GREGORY T. APTMAN      
    Name:  Gregory T. Aptman
Title:    Vice President

 

 

By:

 

/s/  
BRYAN LYNCH      
    Name:  Bryan Lynch
Title:    First Vice President

 

 

COOPERATIVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., "RABOBANK INTERNATIONAL", NEW YORK BRANCH

 

 

By:

 

/s/  
ROBERT M. MANDULA      
    Name:  Robert M. Mandula
Title:    Executive Director

 

 

By:

 

/s/  
ANDRÉ BLOM      
    Name:  André Blom
Title:    Credit Risk Management
         


 

 

NATEXIS BANQUES POPULAIRES

 

 

By:

 

/s/  
FRANK H. MADDEN, JR.      
    Name:  Frank H. Madden, Jr.
Title:    Vice President & Group Manager

 

 

By:

 

/s/  
YOSMERY D. ORTEGA      
    Name:  Yosmery D. Ortega
Title:    Associate

 

 

SUNAMERICA LIFE INSURANCE COMPANY

 

 

By:

 

/s/  
STEVEN S. OH      
    Name:  Steven S. Oh
Title:    Managing Director

 

 

GALAXY CLO 1999-1, LTD.

 

 

By:

 

/s/  
STEVEN S. OH      
    Name:  Steven S. Oh
Title:    Managing Director

 

 

GALAXY CLO 2003-1, LTD.

 

 

By:

 

AIG Global Investment Corp., it's Investment Advisor

 

 

By:

 

/s/  
STEVEN S. OH      
    Name:  Steven S. Oh
Title:    Managing Director

 

 

THE NORTHERN TRUST COMPANY

 

 

By:

 

/s/  
EDMUND H. LESTER      
    Name:  Edmund H. Lester
Title:    Vice President
         


 

 

LEHMAN COMMERCIAL PAPER, INC.

 

 

By:

 

/s/  
G. ANDREW KEITH      
    Name:  G. Andrew Keith
Title:    Authorized Signatory

 

 

HARCH CLO I, LTD.

 

 

By:

 

/s/  
MICHAEL E. LEWITT      
    Name:  Michael E. Lewitt
Title:    Authorized Signatory

 

 

FLAGSHIP CLO II

 

 

By:

 

/s/  
MARK S. PELLETIER      
    Name:  Mark S. Pelletier
Title:    Director

 

 

FLEET NATIONAL BANK FOR THE ACCOUNT OF THE FLAGSHIP FUND

 

 

By:

 

/s/  
MARK S. PELLETIER      
    Name:  Mark S. Pelletier
Title:    Director

 

 

SEQUILS-CUMBERLAND I, LTD.

 

 

By:

 

Deerfield Capital Management LLC as its Collateral Manager

 

 

By:

 

/s/  
DALE BURROW      
    Name:  Dale Burrow
Title:    Senior Vice President
         


 

 

ROSEMONT CLO, LTD.

 

 

By:

 

Deerfield Capital Management LLC as its Collateral Manager

 

 

By:

 

/s/  
DALE BURROW      
    Name:  Dale Burrow
Title:    Senior Vice President

 

 

FOREST CREEK CLO, LTD.

 

 

By:

 

Deerfield Capital Management LLC as its Collateral Manager

 

 

By:

 

/s/  
DALE BURROW      
    Name:  Dale Burrow
Title:    Senior Vice President

 

 

THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND

 

 

By:

 

/s/  
GARETH MAGEE      
    Name:  Gareth Magee
Title:    Authorized Signatory

 

 

By:

 

/s/  
TOM HAYES      
    Name:  Tom Hayes
Title:    Authorized Signatory

 

 

DRESDNER BANK AG, NEW YORK AND GRAND CAYMAN BRANCHES

 

 

By:

 

/s/  
BRIAN SMITH      
    Name:  Brian Smith
Title:    Director

 

 

By:

 

/s/  
BRIAN SCHNEIDER      
    Name:  Brian Schneider
Title:    Vice President
         


 

 

SANKATY ADVISORS, LLC as Collateral Manager for Castle Hill I—INGOTS, Ltd., as Term Lender

 

 

By:

 

/s/  
DIANE J. EXTER      
    Name:  Diane J. Exter
Title:    Portfolio Manager

 

 

SANKATY ADVISORS, LLC as Collateral Manager for Castle Hill II—INGOTS, Ltd., as Term Lender

 

 

By:

 

/s/  
DIANE J. EXTER      
    Name:  Diane J. Exter
Title:    Portfolio Manager

 

 

SANKATY ADVISORS, LLC as Collateral Manager for Great Point CLO 1999-I Ltd., as Term Lender

 

 

By:

 

/s/  
DIANE J. EXTER      
    Name:  Diane J. Exter
Title:    Portfolio Manager

 

 

SANKATY ADVISORS, LLC as Collateral Manager for Race Point CLO, Limited, as Term Lender

 

 

By:

 

/s/  
DIANE J. EXTER      
    Name:  Diane J. Exter
Title:    Portfolio Manager

 

 

SANKATY ADVISORS, LLC as Collatearl Manager for Race Point II CLO, Limited, as Term Lender

 

 

By:

 

/s/  
DIANE J. EXTER      
    Name:  Diane J. Exter
Title:    Portfolio Manager


EXHIBIT A
 
CERTIFICATE OF OFFICER

        I, the undersigned, the     Insert Title,     of Ball Corporation ("Company"), and     Insert Title     of Ball European Holdings, Sarl ("European Holdco"), in accordance with Section 5(b) of that certain First Amendment to Credit Agreement dated as of July 22, 2003 (the "Agreement") among Company, European Holdco, the financial institutions signatory thereto as Lenders and Deutsche Bank AG, New York Branch, as Administrative Agent for the Lenders, do hereby certify on behalf of Company and European Holdco, the following:

    1.
    The representations and warranties set forth in Section 4 of the Agreement are true and correct in all material respects as of the date hereof except to the extent such representations and warranties are expressly made as of a specified date in which event such representations and warranties were true and correct in all material respects as of such specified date;

    2.
    No Event of Default or Unmatured Event of Default (except as otherwise expressly waived by the Agreement) has occurred and is continuing after giving effect to the Agreement; and

    3.
    The conditions of Section 5 of the Agreement have been fully satisfied.

        Unless otherwise defined herein, capitalized terms used herein shall have the meanings set forth in the Agreement.

[signature page follows]


        IN WITNESS WHEREOF, the undersigned has duly executed and delivered on behalf of Company and European Holdco this Certificate of Officer on this 22nd day of July, 2003.



BALL CORPORATION


 


BALL EUROPEAN HOLDINGS, SARL

By:

 

 


 

By:

 

 


Name:

 

 


 

Name:

 

 


Title:

 

 


 

Title:

 

 



EXHIBIT B
 
REAFFIRMATION OF GUARANTY

        Each of the undersigned acknowledges receipt of a copy of the First Amendment to Credit Agreement (the "Agreement"; capitalized terms used herein shall, unless otherwise defined herein, have the meanings provided in the Agreement) dated as of July 22, 2003, by and among Ball Corporation ("Company"), Ball European Holdings, Sarl ("European Holdco"), the financial institutions signatory thereto as Lenders and Deutsche Bank AG, New York Branch as Administrative Agent for the Lenders, consents to such Agreement and each of the transactions referenced in the Agreement and hereby reaffirms its obligations under any Guaranty to which it is a party.

Dated as of July 22, 2003.

    BALL AEROSPACE & TECHNOLOGIES CORP.
BALL METAL BEVERAGE CONTAINER CORP.
BALL METAL FOOD CONTAINER CORP.
BALL PACKAGING CORP.
BALL PLASTIC CONTAINER CORP.
BALL TECHNOLOGIES HOLDINGS CORP.
BALL ASIA SERVICES LIMITED
BALL GLASS CONTAINER CORPORATION
BALL HOLDINGS CORP.
BG HOLDINGS I, INC.
BG HOLDINGS II, INC.
BALL TECHNOLOGY SERVICES CORPORATION
EFRATOM HOLDING, INC.
LATAS DE ALUMINIO BALL, INC.
BALL METAL PACKAGING SALES CORP.

 

 

By:


    Name:  Scott C. Morrison
Title:    Vice President

 

 

BALL PAN-EUROPEAN HOLDINGS, INC.

 

 

By:


    Name:  Charles E. Baker
Title:    Assistant Secretary

 

 

BALL (FRANCE) HOLDINGS SAS

 

 

By:


    Name:
Title:    
       


 

 

BALL (FRANCE) INVESTMENT HOLDINGS SAS

 

 

By:


    Name:
Title:    

 

 

BALL PACKAGING EUROPE BIERNE SAS

 

 

By:


    Name:
Title:    

 

 

BALL PACKAGING EUROPE LA CIOTAT SAS

 

 

By:


    Name:
Title:    

 

 

BALL (GERMANY) GMBH

 

 

By:


    Name:
Title:    

 

 

BALL (GERMANY) KG

 

 

By:


    Name:
Title:    

 

 

BALL PACKAGING EUROPE GMBH

 

 

By:


    Name:
Title:    
       


 

 

BALL PACKAGING EUROPE HERMSDORF GMBH

 

 

By:


    Name:
Title:    

 

 

BALL (LUXEMBOURG) FINANCE S.A.R.L.

 

 

By:


    Name:
Title:    

 

 

BALL EUROPEAN HOLDINGS SARL

 

 

By:


    Name:
Title:    

 

 

BALL HOLDINGS S.A.R.L.

 

 

By:


    Name:
Title:    

 

 

BALL INVESTMENT HOLDINGS, S.A.R.L.

 

 

By:


    Name:
Title:    

 

 

BALL PACKAGING EUROPE HOLDING LIMITED

 

 

By:


    Name:
Title:    
       


 

 

BALL PACKAGING EUROPE UK LIMITED

 

 

By:


    Name:
Title:    

 

 

BALL NORTH AMERICA, INC.

 

 

By:


    Name:
Title:    



QuickLinks

FIRST AMENDMENT TO CREDIT AGREEMENT
EXHIBIT A CERTIFICATE OF OFFICER
EXHIBIT B REAFFIRMATION OF GUARANTY