Section 1.01 Entering into a Material Definitive Agreement
OnDecember 14, 2021 , we entered into a Waiver and Second Amendment (the "Second Amendment") amending our existing Amended and Restated Credit Agreement, dated as ofDecember 23, 2019 (as amended from time to time, the "Credit Agreement"), with the other loan parties from time to time party thereto, the lenders party thereto, andJPMorgan Chase Bank, N.A ., as Administrative Agent.
The second amendment, among others:
•contains the lenders' consent to the waiver of the event of default that otherwise would occur as a result of the consummation of the transactions (the "Transactions") that are contemplated by the Transaction Agreement and Plan of Merger, dated as ofOctober 10, 2021 , we entered into with Emerson Electric Co.,EMR Worldwide Inc. ,Emersub CX, Inc. or New AspenTech, andEmersub CXI, Inc. , which Transactions are described in our Current Report on Form 8-K datedOctober 10, 2021 and our Quarterly Report on Form 10-Q for the quarterly period endedSeptember 30, 2021 , subject to, among other conditions, New AspenTech becoming aLoan Party (as defined) under the Credit Agreement; •contains the lenders' consent to the waiver of any event of default that would otherwise occur if we elect to change our fiscal year to end onDecember 31 , rather thanJune 30 ; and •in connection with the upcoming cessation of LIBOR, replaces the applicable benchmark for borrowings denominated in Euros or Pounds Sterling with the applicable Benchmark Replacement (as defined) for all purposes of the Credit Agreement. The foregoing description of the Second Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Second Amendment, which is included as Exhibit 10.1 to this report and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Off-Balance Sheet Obligation
Sheet Arrangement of a Registrant. The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Waiver and Second Amendment, dated as ofDecember 14, 2021 , to the Amended and Restated Credit Agreement, datedDecember 23 ,
2019, by and among
Technology, Inc. , the other Loan Parties from time
part-time to this one, the
Lenders party thereto, andJPMorgan Chase Bank ,
NA, as administrator
Agent, as amended by the First Amendment to the
Modified and updated credit
Agreement, dated as ofAugust 5, 2020 104 Cover Page Interactive Data File (embedded within
the Inline XBRL document)
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