Exhibit 10.2

FIRST AMENDMENT TO CREDIT AGREEMENT

     THIS FIRST AMENDMENT TO CREDIT AGREEMENT dated as of July 22, 2004 (the “Amendment”) is entered into among Quanta Services, Inc., a Delaware corporation (the “Borrower”), each of the parties identified as “Guarantors” on the signature pages hereto (the “Guarantors”), the Lenders party hereto and Bank of America, N.A., as Administrative Agent, Swing Line Lender, L/C Issuer and Credit-Linked L/C Issuer (in such capacity, the “Administrative Agent”). All capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the Credit Agreement (as defined below).

RECITALS

     WHEREAS, the Borrower, the Guarantors, the Lenders and the Administrative Agent entered into that certain Credit Agreement dated as of December 19, 2003 (as amended and modified from time to time, the “Credit Agreement”); and

     WHEREAS, the Borrower has requested and the Lenders have agreed to amend certain terms of the Credit Agreement as set forth below;

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

     1. Amendments. Effective on June 30, 2004, the Credit Agreement is hereby amended as follows:

     (a) The following definitions are hereby added to Section 1.01 in the appropriate alphabetical order and shall read as follows:

          “Applicable Credit-Linked Rate” means (a) 3.00% at such time as the senior secured (non-credit enhanced) debt rating of the Borrower is at least (i) Ba3 from Moody’s and (ii) BB- from S&P or (b) 3.25% at such time as the senior secured (non-credit enhanced) debt rating of the Borrower is lower than (i) Ba3 from Moody’s or (ii) BB- from S&P.

          “Applicable Term Loan Rate” means (a) 3.00% at such time as the senior secured (non-credit enhanced) debt rating of the Borrower is at least (i) Ba3 from Moody’s and (ii) BB- from S&P or (b) 3.25% at such time as the senior secured (non-credit enhanced) debt rating of the Borrower is lower than (i) Ba3 from Moody’s or (ii) BB- from S&P.

          “Consolidated Maintenance Capital Expenditures” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the lesser of (a) actual Consolidated Capital Expenditures for such period and (b) $40,000,000.

     (b) The definition of “Consolidated EBIT” in Section 1.01 is hereby amended in its entirety to read as follows:

          “Consolidated EBIT” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, an amount equal to Consolidated Net Income for such period plus the following to the extent deducted in calculating such Consolidated

 


 

Net Income: (a) Consolidated Interest Expense for such period, (b) the provision for taxes based on income or revenues payable by the Borrower and its Subsidiaries for such period, (c) without duplication, the Permitted Charges for such period and (d) without duplication, Non-Cash Charges for such period, as determined in accordance with GAAP.

     (c) The definition of “Consolidated Interest Coverage Ratio” in Section 1.01 is hereby amended in its entirety to read as follows:

          “Consolidated Interest Coverage Ratio” means, as of any date of determination, the ratio of (a) the sum of (i) Consolidated EBITDA for the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b) minus (ii) Consolidated Maintenance Capital Expenditures for the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b) to (b) the sum of (i) Consolidated Interest Expense for the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b) minus (ii) all interest expense attributable to capitalized loan costs and the amount of fees paid in connection with the issuance of letters of credit on behalf of the Borrower or any Subsidiary during such period.

     (d) The last sentence in the definition of “Default Rate” is hereby amended in its entirety to read as follows:

For purposes of this definition, the “Applicable Rate” with respect to (a) any Term Loan shall be deemed to be the Applicable Term Loan Rate per annum and (b) any Credit-Linked L/C Advance shall be deemed to be the Applicable Credit-Linked Rate per annum.

     (e) The definition of “Permitted Charges” in Section 1.01 is hereby amended in its entirety to read as follows:

          “Permitted Charges” means, for any period, the sum of (a) lease termination expenses and severance costs not exceeding $5,000,000 in the aggregate which relate to the organizational restructuring of the Borrower and its Subsidiaries, plus the amounts attributable to written off loan costs and any make whole amounts plus (b) those costs and expenses of the Borrower identified on Schedule 1.01(c) attached hereto to the extent incurred during such period plus (c) any fees paid to BAS, the Administrative Agent or the Lenders in connection with any amendment of this Agreement during such period to the extent such fees are deducted from net income plus (d) any reserves, costs and other liabilities described in the separate letter agreement, dated the date of this Amendment, between the Administrative Agent and the Loan Parties (which letter agreement has been posted on Intralinks for the review of the Lenders).

     (f) The reference to “Section 2.05” in Section 2.04(a) is hereby amended to read as “Section 2.07”.

     (g) The first sentence in Section 2.05(k) is hereby amended in its entirety to read as follows:

The Borrower shall pay to the Administrative Agent for the account of each Credit-Linked Lender in accordance with its Pro Rata Share, a fee (the “Credit-Linked Facility

2


 

Fee”) equal to the Applicable Credit-Linked Rate times the actual daily amount of such Credit-Linked Lender’s Credit-Linked Deposit.

     (h) Section 2.10(b)(i) is hereby amended in its entirety to read as follows:

          (i) Subject to the provisions of subsection (ii) below, (A) each Term Loan that is a Eurodollar Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the sum of (I) the Eurodollar Rate for such Interest Period plus (II) the Applicable Term Loan Rate and (B) each Term Loan that is a Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Term Loan Rate.

     (i) Sections 2.10(c)(i) and (ii) are hereby amended in their entireties to read as follows:

          (i) Each Credit-Linked L/C Borrowing shall bear interest on the outstanding principal amount thereof (A) from and including the applicable Credit-Linked L/C Borrowing date to and excluding the date six (6) Business Days thereafter at an interest rate per annum equal at all times to the Base Rate plus the Applicable Credit-Linked Rate, and (B) from and including the sixth Business Day after the applicable Credit-Linked L/C Borrowing date at an interest rate per annum equal at all times to the Default Rate.

          (ii) Each Credit-Linked L/C Advance shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the sum of (A) the Eurodollar Rate for such Interest Period plus (B) the Applicable Credit-Linked Rate.

     (j) The following subclause (e) is hereby added after subclause (d) in Section 7.03 of the Credit Agreement and shall read as follows:

     (e) Promptly (and in any event within 5 Business Days) notify the Administrative Agent of any change in the senior secured (non-credit enhanced) debt rating of the Borrower.

     (k) The reference to “Section 7.15(a), (b) and (c)” in clause (x) of Section 7.12(b) is hereby amended to read as “Sections 7.15(a) and (b)”.

     (l) The reference to “Section 7.15(a), (b) and (c)” in Section 7.14 is hereby amended to read as “Sections 7.15(a) and (b)”.

     (m) The word “to” is hereby inserted in the fifth line of Section 7.15(b) between the word “pledged” and the words “the Administrative Agent”.

     (n) The word “not” is hereby inserted in Section 8.03(h) between the word “amount” and the word “to”.

     (o) Section 8.11(b) is hereby amended in its entirety to read as follows:

          (b) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) for the fiscal quarter ending June 30, 2004, 5.75:1.0, (ii) for any fiscal quarter ending during the period

3


 

from July 1, 2004 to and including September 30, 2004, 6.25:1.0, (iii) for any fiscal quarter ending during the period from October 1, 2004 to and including March 31, 2005, 5.0:1.0, (iv) for any fiscal quarter ending during the period from April 1, 2005 to and including September 30, 2005, 4.75:1.0, (v) for any fiscal quarter ending during the period from October 1, 2005 to and including March 31, 2006, 4.5:1.0, (vi) for any fiscal quarter ending during the period from April 1, 2006 to and including September 30, 2006, 4.0:1.0 and (vii) for any fiscal quarter ending after October 1, 2006, 3.5:1.0.

     (p) Section 8.11(d) is hereby amended in its entirety to read as follows:

          (d) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than (i) for any fiscal quarter ending during the period from June 30, 2004 to and including December 31, 2004, 1.5:1.0, (ii) for any fiscal quarter ending during the period from January 1, 2005 to and including June 30, 2005, 1.75:1.0, (iii) for any fiscal quarter ending during the period from July 1, 2005 to and including March 31, 2006, 2.0:1.0 and (iv) for any fiscal quarter ending after April 1, 2006, 2.25:1.0.

     2. Conditions Precedent. This Amendment shall be effective immediately, without any other action by any of the parties hereto, upon satisfaction of the following conditions precedent:

     (a) Receipt by the Administrative Agent of counterparts of this Amendment duly executed by the Borrower, the Guarantors, the Lenders holding a majority of the Revolving Commitments, the Required Lenders and the Administrative Agent;

     (b) Receipt by the Administrative Agent (i) for the account of each Lender delivering an executed counterpart of this Amendment to the Administrative Agent of an amendment fee equal to twenty five basis points (0.25%) of the sum of (A) such Lender’s Revolving Commitment and (b) such Lender’s Credit-Linked Commitment and (ii) any other fees and expenses payable by the Borrower in connection with this Amendment; and

     (c) Receipt by the Administrative Agent of the letter agreement executed by the Administrative Agent and the Loan Parties referenced in the definition of Permitted Charges in the Credit Agreement.

     3. Miscellaneous.

     (a) The Credit Agreement, as amended by this Amendment, and the obligations of the Loan Parties thereunder and under the other Loan Documents, are hereby ratified and confirmed and shall remain in full force and effect according to their terms.

     (b) Each Guarantor (a) acknowledges and consents to all of the terms and conditions of this Amendment, (b) affirms all of its obligations under the Loan Documents and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge its obligations under the Credit Agreement or the other Loan Documents.

     (c) The Borrower and the Guarantors hereby represent and warrant as follows:

                    (i) Each Loan Party has taken all necessary action to authorize the execution, delivery and performance of this Amendment.

4


 

                    (ii) This Amendment has been duly executed and delivered by the Loan Parties and constitutes each of the Loan Parties’ legal, valid and binding obligations, enforceable against such Loan Parties in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

                    (iii) No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by any Loan Party of this Amendment, other than those that have already been obtained and are in full force and effect.

     (d) The Loan Parties represent and warrant to the Lenders that (i) the representations and warranties of the Loan Parties set forth in Article VI of the Credit Agreement and in each other Loan Document are true and correct in all material respects as of the date hereof with the same effect as if made on and as of the date hereof, except to the extent such representations and warranties expressly relate solely to an earlier date, and except that the representations and warranties contained in subsections (a) and (b) of Section 6.05 of the Credit Agreement shall be deemed to refer to the most recent financial statements furnished pursuant to clauses (a) and (b), respectively, of Section 7.01 of the Credit Agreement, and (ii) after giving effect to this Amendment, no event has occurred and is continuing which constitutes a Default or an Event of Default.

                    (e) This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument. Delivery of an executed counterpart of this Amendment by telecopy shall be effective as an original and shall constitute a representation that an executed original shall be delivered.

                    (f) THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

[remainder of page intentionally left blank]

5


 

     Each of the parties hereto has caused a counterpart of this Amendment to be duly executed and delivered as of the date first above written.

         
BORROWER:   QUANTA SERVICES, INC.,
    a Delaware corporation
 
       
  By:   /s/ Dana A. Gordon
  Name:   Dana A. Gordon
  Title:   Vice President
     
GUARANTORS:
  ARBY CONSTRUCTION, INC.
  AUSTIN TRENCHER, INC.
  CCLC, INC.
  CONTI COMMUNICATIONS, INC.
  CROCE ELECTRIC COMPANY, INC.
  DILLARD SMITH CONSTRUCTION COMPANY
  DRIFTWOOD ELECTRICAL CONTRACTORS, INC.
  GLOBAL ENERCOM MANAGEMENT, INC.
  GOLDEN STATE UTILITY CO.
  H.L. CHAPMAN PIPELINE CONSTRUCTION, INC.
  MANUEL BROS., INC.
  MEARS GROUP, INC.
  NETWORK ELECTRIC COMPANY
  NORTH PACIFIC CONSTRUCTION CO., INC.
  NORTH SKY COMMUNICATIONS, INC.
  PARKSIDE SITE & UTILITY COMPANY CORPORATION
  PARKSIDE UTILITY CONSTRUCTION CORP.
  PWR FINANCIAL COMPANY
  QPC, INC.
  QSI, INC.
  QUANTA GOVERNMENT SERVICES, INC.
  QUANTA GOVERNMENT SOLUTIONS, INC.
  QUANTA LIV ACQUISITION, INC.
  QUANTA LVII ACQUISITION, INC.
  QUANTA LVIII ACQUISITION, INC.
  QUANTA LIX ACQUISITION, INC.
  QUANTA LX ACQUISITION, INC.
  QUANTA LXI ACQUISITION, INC.
  QUANTA LXII ACQUISITION, INC.
  QUANTA LXIII ACQUISITION, INC.
  QUANTA LXIV ACQUISITION, INC.
  QUANTA LXV ACQUISITION, INC.,
  each a Delaware corporation
         
  By:   /s/ Dana A. Gordon
  Name:   Dana A. Gordon
  Title:   Vice President

 


 

     
 
  QUANTA LXVI ACQUISITION, INC.
  QUANTA LXVII ACQUISITION, INC.
  QUANTA LXVIII ACQUISITION, INC.
  QUANTA LXIX ACQUISITION, INC.
  QUANTA LXX ACQUISITION, INC.
  QUANTA LXXI ACQUISITION, INC.
  QUANTA LXXII ACQUISITION, INC.
  QUANTA LXXIII ACQUISITION, INC.
  QUANTA UTILITY INSTALLATION CO., INC.
  R.A. WAFFENSMITH & CO., INC.
  SOUTHEAST PIPELINE CONSTRUCTION, INC.
  SOUTHWESTERN COMMUNICATIONS, INC.
  SPALJ CONSTRUCTION COMPANY
  SUMTER UTILITIES, INC.
  TOM ALLEN CONSTRUCTION COMPANY
  TTGP, INC.
  TTLP, INC.
  TXLP, INC.
  UNDERGROUND CONSTRUCTION CO., INC.
  VCI TELCOM, INC.
  W.C. COMMUNICATIONS, INC.,
  each a Delaware corporation
         
  By:

Name:
  /s/ Dana A. Gordon
Dana A. Gordon
  Title:   Vice President

 


 

         
    ADVANCED TECHNOLOGIES AND INSTALLATION CORPORATION, ALLTECK LINE CONTRACTORS (USA), INC.
MUSTANG LINE CONTRACTORS, INC.
POTELCO, INC.,
each a Washington corporation
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    BRADFORD BROTHERS, INC.
TTM, INC.,
each a North Carolina corporation
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    COMMUNICATION MANPOWER, INC.
TRAWICK CONSTRUCTION COMPANY, INC.,
each a Florida corporation
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    CROWN FIBER COMMUNICATIONS, INC.,
a Virginia corporation
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    ENVIRONMENTAL PROFESSIONAL ASSOCIATES, LIMITED
W.H.O.M. CORPORATION
each a California corporation
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President

 


 

         
    FIVE POINTS CONSTRUCTION CO.
MEJIA PERSONNEL SERVICES, INC.
TRANS TECH ACQUISITION, INC.
SOUTHWEST TRENCHING COMPANY, INC.
each a Texas corporation
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    INTERMOUNTAIN ELECTRIC, INC.,
a Colorado corporation
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    IRBY CONSTRUCTION COMPANY,
a Mississippi corporation
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    METRO UNDERGROUND SERVICES, INC. OF ILLINOIS
PROFESSIONAL TELECONCEPTS, INC. (IL)
each an Illinois corporation
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    PAR ELECTRICAL CONTRACTORS, INC.,
a Missouri corporation
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    PROFESSIONAL TELECONCEPTS, INC. (NY),
A New York corporation
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President

 


 

         
    THE RYAN COMPANY, INC.,
a Massachusetts corporation
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    QDE, LLC
QUANTA ASSET MANAGEMENT LLC
each a Delaware limited liability company
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    QUANTA DELAWARE, INC.,
a Delaware corporation
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    TOTAL QUALITY MANAGEMENT LLC,
a Delaware limited liability company
COAST TO COAST, LLC,
a California limited liability company
 
       
  By:   Environmental Professional Associates,
Limited, Its Member
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President

 


 

         
    NORTHERN LINE LAYERS, LLC,
    a Delaware limited liability company
 
       
  By:   PAR Electrical Contractors, Inc.,
Its Member
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    TJADER, L.L.C.
    OKAY CONSTRUCTION COMPANY, LLC
    each a Delaware limited liability company
 
       
  By:   Spalj Construction Company,
Its Member
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    MEARS/CPG, LLC
    MEARS ENGINEERING, LLC
    MEARS/HDD, LLC
    MEARS SERVICES, LLC
    each a Michigan limited liability company
 
       
  By:   Mears Group, Inc., The Sole Member of each of the foregoing limited liability companies
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    S.K.S. PIPELINERS, LLC,
    a Delaware limited liability company
 
       
  By:   Arby Construction, Inc., Its Member
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President

 


 

         
    TNS-VA, LLC,
    a Delaware limited liability company
 
       
  By:   Professional Teleconcepts, Inc. (NY)
Its Member
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    AIRLAN TELECOM SERVICES, L.P.
    NORTH HOUSTON POLE LINE, L.P.
    LINDSEY ELECTRIC, L.P.
    DIGCO UTILITY CONSTRUCTION, L.P.
    each a Texas limited partnerships
 
       
  By:   Mejia Personnel Services, Inc., Its General Partner
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    QUANTA SERVICES MANAGEMENT PARTNERSHIP, L.P.
    QUANTA ASSOCIATES, L.P.
    each a Texas limited partnerships
 
       
  By:   QSI, Inc., Its General Partnership
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    TRANS TECH ELECTRIC, L.P.,
    a Texas limited partnership
 
       
  By:   TTGP, Inc., Its General Partner
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President

 


 

         
    PWR NETWORK, LLC,
    a Delaware limited liability company
 
       
  By:   PWR Financial Company, Its Sole Member
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    QUANTA RECEIVABLES, L.P.,
    a Delaware limited partnership
 
       
    By: PWR Financial Company, Its General Partner
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President
 
       
    Q RESOURCES, LLC,
    a Delaware limited liability company
 
       
  By:   Quanta Holdings, Inc., its Member
 
       
  By:   /s/ Dana A. Gordon
     
 
  Name:   Dana A. Gordon
  Title:   Vice President

 


 

             
ADMINISTRATIVE   BANK OF AMERICA, N.A.,
AGENT:   as Administrative Agent
 
           
    By:   /s/ David A. Johanson
       
 
    Name:   David A. Johanson
    Title:   Vice President
 
           
LENDERS:   BANK OF AMERICA, N.A.,
    as a Lender, Swing Line Lender, L/C Issuer and Credit-Linked L/C Issuer
 
           
    By:   /s/ Gary L. Mingle
       
 
    Name:   Gary L. Mingle
    Title:   Senior Vice President
 
           
    FRANKLIN FLOATING RATE TRUST
    FRANKLIN FLOATING RATE MASTER SERIES
    FRANKLIN FLOATING RATE DAILY ACCESS FUND
 
           
    By:   /s/ Tyler Chan
       
 
    Name:   Tyler Chan
    Title:   Vice President
 
           
    NEW YORK LIFE INSURANCE COMPANY
 
           
    By:   /s/ F. David Melka
       
 
    Name:   F. David Melka
    Title:   Investment 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:   Director

 


 

             
    ELF FUNDING TRUST III
  By:       New York Life Investment Management LLC,
As Attorney-In-Fact
 
           
    By:   /s/ F. David Melka
       
 
    Name:   F. David Melka
    Title:   Director
 
           
    MOUNTAIN CAPITAL CLO 11 LTD.
 
           
    By:   /s/ Chris Siddons
       
 
    Name:   Chris Siddons
    Title:   Director
 
           
    MOUNTAIN CAPITAL CLO 1 LTD.
 
           
    By:   /s/ Chris Siddons
       
 
    Name:   Chris Siddons
    Title:   Director
 
           
    ARCHIMEDES FUNDING III, LTD.
  By:       ING Capital Advisors LLC,
as Collateral Manager
 
           
    By:   /s/ Peanie C. Wang
       
 
    Name:   Peanie C. Wang
    Title:   Vice President
 
           
    ARCHIMEDES FUNDING IV (CAYMAN), LTD.
  By:       ING Capital Advisors LLC,
as Collateral Manager
 
           
    By:   /s/ Peanie C. Wang
       
 
    Name:   Peanie C. Wang
    Title:   Vice President

 


 

             
    ENDURANCE CLO I, LTD.
  c/o       ING Capital Advisors LLC,
as Collateral Manager
 
           
    By:   /s/ Peanie C. Wang
       
 
    Name:   Peanie C. Wang
    Title:   Vice President
 
           
    SEQUILS-ING I (HBDGM), LTD.
  By:       ING Capital Advisors LLC,
as Collateral Manager
 
           
    By:   /s/ Peanie C. Wang
       
 
    Name:   Peanie C. Wang
    Title:   Vice President
 
           
    ING-ORYX CLO, LTD.
  By:       ING Capital Advisors LLC,
as Collateral Manager
 
           
    By:   /s/ Peanie C. Wang
       
 
    Name:   Peanie C. Wang
    Title:   Vice President
 
           
    NEMEAN CLO, LTD.
  By:   ING
as
  Capital Advisors LLC,
Investment Manager
 
           
    By:   /s/ Peanie C. Wang
       
 
    Name:   Peanie C. Wang
    Title:   Vice President
 
           
    JPMORGAN CHASE BANK
 
           
    By:   /s/ Robert Mendoza
       
 
    Name:   Robert Mendoza
    Title:   Vice President

 


 

         
    FIRST TRUST/FOUR CORNERS SENIOR
FLOATING RATE INCOME FUND
 
       
 
  By:   Four Corners Capital Management, LLC
      As Collateral Manager
 
       
  By: /s/ Robert I. Bernstein
   
 
  Name:   Robert I. Bernstein
  Title:   Chief Credit Officer
 
       
    SECURITY INCOME FUND-INCOME OPPORTUNITY SERIES
 
       
  By:   Four Corners Capital Management, LLC
      As Collateral Manager
 
       
  By: /s/ Robert I. Bernstein
   
 
  Name:   Robert I. Bernstein
  Title:   Chief Credit Officer
 
       
    FIRST TRUST/FOUR CORNERS SENIOR
    FLOATING RATE INCOME FUND II
 
       
  By:   Four Corners Capital Management, LLC.
      As Collateral Manager
 
       
  By: /s/ Robert I. Bernstein
   
 
  Name:   Robert I. Bernstein
  Title:   Chief Credit Officer
 
       
    LANDMARK III CDO LIMITED
 
       
  By:   Aladdin Capital Management LLC
      as Manager
 
       
  By: /s/ Angela Bozorgmir
   
 
  Name:   Angela Bozorgmir
  Title:   Director

 


 

         
    LANDMARK II CDO LIMITED
 
       
  By:   Aladdin Capital Management LLC
      as Manager
 
       
  By: /s/ Angela Bozorgmir
   
 
  Name:   Angela Bozorgmir
  Title:   Director
 
       
    LANDMARK I CDO LIMITED
 
       
  By:   Aladdin Capital Management LLC
as Manager
 
       
  By: /s/ Angela Bozorgmir
   
 
  Name:   Angela Bozorgmir
  Title:   Director
 
       
    GULF STREAM-COMPASS CLO 2003-1 LTD.
 
       
  By:   Gulf Stream Asset Management LLC
as Collateral Manager
 
       
  By: /s/ Barry Love
   
 
  Name:   Barry Love
  Title:   Chief Credit Officer
 
       
    OAK HILL CREDIT PARTNERS I, Limited
 
       
  By:   Oak Hill CLO Management I, LLC
As Investment Manager
 
       
  By: /s/ Scott D. Krase
   
 
  Name:   Scott D. Krase
  Title:   Authorized Person
 
       
    OAK HILL CREDIT PARTNERS II, LIMITED
 
       
  By:   Oak Hill CLO Management II, LLC
As Investment Manager
 
       
  By: /s/ Scott D. Krase
   
 
  Name:   Scott D. Krase
  Title:   Authorized Person

 


 

         
    OAK HILL CREDIT PARTNERS III, LIMITED
 
       
  By:   Oak Hill CLO Management III, LLC
As Investment Manager
 
       
  By: /s/ Scott D. Krase
   
 
  Name:   Scott D. Krase
  Title:   Authorized Person
 
       
    HANOVER SQUARE CLO LTD.
    UNION SQUARE CDO LTD.
    MONUMENT PARK CDO LTD.
 
       
  By   BLACKSTONE DEBT ADVISORS L.P. As Collateral Manager
 
       
  By: /s/ Dean Criares
   
 
  Name:   Dean Criares
  Title:   Managing Director
 
       
    LONG LANE MASTER TRUST IV
 
       
  By: /s/ Meredith J. Koslick
   
 
  Name:   Meredith J. Koslick
  Title:   Assistant Vice President
 
       
    SEMINOLE FUNDING LLC
 
       
  By: /s/ Meredith J. Koslick
   
 
  Name:   Meredith J. Koslick
  Title:   Assistant Vice president
 
       
    SAWGRASS TRADING LLC
 
       
  By: /s/ Meredith J. Koslick
   
 
  Name:   Meredith J. Koslick
  Title:   Assistant Vice President

 


 

         
    HARCH CLO I, LTD.
 
       
  By: /s/ Michael E. Lewitt
   
 
  Name:   Michael E. Lewitt
  Title:   Authorized Signatory
 
       
    BLACK DIAMOND CLO 2000-1, LTD.
 
       
  By: /s/ Paul Cope
   
 
  Name:   Paul Cope
  Title:   Director
 
       
    OCTAGON INVESTMENT PARTNERS III, LTD.
 
       
  By:   Octagon Credit Investors, LLC
as Portfolio Manager
 
       
  By: /s/ Andrew D. Gordon
   
 
  Name:   Andrew D. Gordon
  Title:   Portfolio Manager
 
       
    OCTAGON INVESTMENT PARTNERS VI, LTD.
 
       
  By:   Octagon Credit Investors, LLC
as Collateral Manager
 
       
  By: /s/ Andrew D. Gordon
   
 
  Name:   Andrew D. Gordon
  Title:   Portfolio Manager
 
       
    APEX (TRIMARAN) CDO I, LTD.
  By:   Trimaran Advisors, L.L.C.
 
       
  By: /s/ David M. Millison
   
 
  Name:   David M. Millison
  Title:   Managing Director

 


 

         
    DENALI CAPITAL LLC, managing member of DC Funding Partners, portfolio manager for DENALI CAPITAL CLO III, LTD., or an affiliate
 
       
  By: /s/ John P. Thacker
   
 
  Name:   John P. Thacker
  Title:   Chief Credit Officer
 
       
    OPPENHEIMER SENIOR FLOATING RATE FUND
 
       
  By: /s/ Lisa Chaffee
   
 
  Name:   Lisa Chaffee
  Title:   Manager
 
       
    HARBOURVIEW, CLO IV, LTD.
 
       
  By: /s/ Lisa Chaffee
   
 
  Name:   Lisa Chaffee
  Title:   Manager
 
       
    HARBORVIEW CLO V. LTD.
 
       
  By: /s/ Lisa Chaffee
   
 
  Name:   Lisa Chaffee
  Title:   Manager
 
       
    IKB CAPITAL CORPORATION
 
       
  By: /s/ David Snyder
   
 
  Name:   David Snyder
  Title:   President
 
       
    THE SUMITOMO TRUST & BANKING CO., LTD., NEW YORK BRANCH
 
       
  By: /s/ Elizabeth A. Quirk
   
 
  Name:   Elizabeth A. Quirk
  Title:   Vice President

 


 

         
    LIGHTPOINT CLO 2004-1, LTD.
 
       
  By: /s/ Thomas A. Kramer
   
 
  Name:   Thomas A. Kramer
  Title:   Senior Managing Director &
Chief Executive Officer
 
       
    TORONTO DOMININ (New York), INC.
 
       
  By: /s/ Michelle Manning
   
 
  Name:   Michelle Manning
  Title:   Vice President
 
       
    FLOATING RATE INCOME STRATEGIES FUND, INC.
 
       
  By: /s/ Jamin Patel
   
 
  Name:   Jamin Patel
  Title:`   Authorized Signatory
 
       
    NATIONWIDE LIFE INSURANCE COMPANY
 
       
  By: /s/ Thomas S. Leggett
   
 
  Name:   Thomas S. Leggett
  Title:   Associate Vice President – Public Bonds
 
       
    NATIONWIDE MUTUAL INSURANCE COMPANY
 
       
  By: /s/ Thomas S. Leggett
   
 
  Name:   Thomas S. Leggett
  Title:   Associate Vice President – Public Bonds
 
       
    NATIONWIDE MUTUAL FIRE INSURANCE COMPANY
 
       
  By: /s/ Thomas S. Leggett
   
 
  Name:   Thomas S. Leggett
  Title:   Associate Vice President – Public Bonds

 


 

         
    THE TRAVELERS INSURANCE COMPANY
 
       
  By: /s/ John W. Petchler
   
 
  Name:   John W. Petchler
  Title:   Vice President
 
       
    CITICORP INSURANCE AND INVESTMENT TRUST
 
       
  By:   Travelers Asset Management International Company LLC
 
       
  By: /s/ John W. Petchler
   
 
  Name:   John W. Petchler
  Title:   Vice President
 
       
    GOLDENTREE LOAN OPPORTUNITIES I, LIMITED
 
       
  By:   GOLDENTREE ASSET MANAGEMENT, LP
 
       
  By: /s/ Frederick S. Haddad
   
 
  Name:   Frederick S. Haddad
  Title:   Portfolio Manager
 
       
    GOLDENTREE LOAN OPPORTUNITIES II, LIMITED
 
       
  By:   Goldentree Asset Management, LP
 
       
  By: /s/ Frederick S. Haddad
   
 
  Name:   Frederick S. Haddad
  Title:   Portfolio Manager
 
       
    MONUMENT CAPITAL LTD
 
       
  By: /s/ Robert Bayer
   
 
  Name:   Robert Bayer
  Title:   Vice President
 
       
    ALLIANCE CAPITAL FUNDING
 
       
  By: /s/ Robert Bayer
   
 
  Name:   Robert Bayer
  Title:   Vice President

 


 

         
    KZH PONDVIEW LLC
 
       
  By: /s/ Dorian Herrera
   
 
  Name:   Dorian Herrera
  Title:   Authorized Agent