|
|
|
|
Delaware
|
|
1-11961
|
|
76-0423828
|
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
|
|
¨
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
¨
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
¨
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
¨
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company
¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
¨
|
Item 2.03.
|
Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
|
10.1
|
|
CARRIAGE SERVICES, INC.
|
||
|
|
|
|
Dated: April 27, 2018
|
By:
|
|
/s/ Viki K. Blinderman
|
|
|
|
Viki K. Blinderman
|
|
|
|
Senior Vice President, Principal Financial Officer and Secretary
|
|
|
|
|
Period
|
Maximum Senior Secured Leverage Ratio
|
Eighth Amendment Effective Date through June 30, 2018
|
4.50 to 1.00
|
September 30, 2018
|
4.25 to 1.00
|
December 31, 2018
|
4.00 to 1.00
|
March 31, 2019
|
3.75 to 1.00
|
June 30, 2019 and thereafter
|
3.50 to 1.00
|
REMAINDER OF PAGE LEFT INTENTIONALLY BLANK
|
ADMINISTRATIVE AGENT:
|
BANK OF AMERICA, N.A.
,
as Administrative Agent
By:
/s/ Steven Gazzillo
Name:Steven Gazzillo
Title:Vice President
|
|
BANK OF AMERICA, N.A.
,
as a Lender, L/C Issuer and Swing Line Lender
By:
/s/ Adam Rose
Name:Adam Rose
Title:Senior Vice President
|
|
RAYMOND JAMES BANK, N.A.,
as a Lender and Co-Syndication Agent
By:
/s/ Daniel Gendron
Name:Daniel Gendron
Title:Vice President
|
|
REGIONS BANK,
as a Lender and Co-Syndication Agent
By:
/s/ Adam S. Muhib
Name:Adam S. Muhib
Title:Director
|
|
ZB, N.A. dba Amegy Bank,
as a Lender and Co-Syndication Agent
By:
/s/ Lauren Eller
Name:Lauren Eller
Title:Vice President
|
|
CADENCE BANK, N.A.,
as a Lender
By:
/s/ Ross L. Vaughan
Name:Ross L. Vaughan
Title:Executive Vice President
|
|
COMPASS BANK,
as a Lender
By:
/s/ Frank Carvelli
Name:Frank Carvelli
Title:Senior Vice President
|
|
BOKF, NA dba BANK OF TEXAS,
as a Lender
By:
/s/ Faith Allen
Name:Faith Allen
Title:Senior Vice President
|
|
WHITNEY BANK,
as a Lender
By:
/s/ Katie Sandoval
Name:Katie Sandoval
Title:SVP
|
|
TEXAS CAPITAL BANK, NATIONAL ASSOCIATION,
as a Lender
By:
/s/ John Kallina
Name:John Kallina
Title:SVP
|
State
|
County/Parrish
|
Location Name
|
Street Address
|
City, State
|
Zip Codes
|
|
CALIFORNIA
|
|
Connolly & Taylor Chapel
|
4000 Alhambra Ave.
|
Martinez, CA
|
94553
|
|
|
Ventura
|
Conejo Mountain Funeral Home
|
2052 Howard Road
|
Camarillo, CA
|
93012
|
|
MICHIGAN
|
|
Bagnasco & Calcaterra Funeral Home (Sterling Heights)
|
Tract III: 13650 Fifteen Mile Road
|
Sterling Heights, MI
|
48312
|
|
NEW JERSEY
|
|
Bedle Funeral Home - Keyport
|
Parcel 2: 61 Broad Street
|
Keyport, NJ
|
07735
|
|
RHODE ISLAND
|
Bristol
|
Sansone Funeral Home
|
192 Wood Street
|
Bristol, RI
|
02809
|
|
|
Washington
|
Buckler-Johnston Funeral Home
|
Parcel 2: 121 Main Street
|
Westerly, RI
|
|
|
TEXAS
|
Cameron
|
Buck Ashcraft Funeral Home
|
710 North Ed Carey Drive
|
Harlingen, TX
|
02891
|
|
|
Potter
|
LaGrone-Blackburn-Shaw Funeral Directors
|
1505 Martin Road
|
Amarillo, TX
|
79107
|
Schedule 1.01(a) - Mortgaged Property
|
|
||||||
State
|
County/Parrish
|
Location Name
|
Street Address
|
City, State
|
Zip Codes
|
|
|
|
|
|
|
|
|
|
|
CALIFORNIA
|
Alameda
|
Grant-Miller John Cox Mortuary
|
2850 Telegraph Avenue
|
Oakland, CA
|
94609
|
|
|
|
Colusa
|
McNary-Moore Funeral Service
|
107 Fifth Street
|
Colusa, CA
|
95932-2408
|
|
|
|
Contra Costa
|
Ouimet Brothers Concord Funeral Chapel
|
4125 Clayton Road
|
Concord, CA
|
94521-2618
|
|
|
|
Contra Costa
|
Higgins Mortuary
|
1310 A Street
|
Antioch, CA
|
94509-2329
|
|
|
|
|
Hosselkus Chapel
|
1 Rolph Park Drive
|
Crockett, CA
|
94525-1415
|
|
|
|
|
Wilson & Kratzer Chapel of San Ramon Valley
|
825 Hartz Way
|
Danville, CA
|
94526-3418
|
|
|
|
|
Wilson & Kratzer Civic Center Chapel
|
455 24th Street
|
Richmond, CA
|
94804-1650
|
|
|
|
|
Wilson & Kratzer Mission Bells Chapel
|
13644 San Pablo Ave.
|
San Pablo, CA
|
94806-3806
|
|
|
|
Los Angeles
|
White’s Funeral Home
|
404 E. Foothill Blvd
|
Azusa, CA
|
91702-2517
|
|
|
|
Riverside
|
Hemet Valley Mortuary
|
403 N. San Jacinto St.
|
Hemet, CA
|
92543
|
|
|
|
|
Evans-Brown Mortuary (Lake Elsinore)
|
126 E. Graham Ave.
|
Lake Elsinore, CA
|
92530-4168
|
|
|
|
|
Evans-Brown Mortuary (Perris)
|
385 W. Fourth Street
|
Perris, CA
|
92570-2012
|
|
|
|
|
Evans-Brown Hemet Valley Crematory
|
41725 Elm St., Unit 28
|
Murrieta, CA
|
92562-1414
|
|
|
|
San Joaquin
|
Deegan Funeral Chapel
|
1441 San Joaquin St.
|
Escalon, CA
|
95320-1738
|
|
|
|
|
P.L. Fry & Son
|
290 N. Union Road
|
Manteca, CA
|
95337-4309
|
|
|
|
|
Fry Memorial Chapel
|
550 South Central Ave.
|
Tracy, CA
|
95376-4622
|
|
|
|
Santa Clara
|
Darling & Fischer Campbell Memorial Chapel
|
231 E. Campbell Ave.
|
Campbell, CA
|
95008-2020
|
|
|
|
|
Darling & Fischer Chapel of the Hills
|
615 N. Santa Cruz Ave.
|
Los Gatos, CA
|
95030-4334
|
|
|
|
|
Darling & Fischer Garden Chapel
|
471 E. Santa Clara St.
|
San Jose, CA
|
95112-3516
|
|
|
CONNECTICUT
|
Fairfield
|
Redgate-Hennessy Funeral Service
|
4 Gorham Place
|
Trumbull, CT
|
06611-4703
|
|
|
|
Hartford
|
Funk Funeral Home
|
35 Bellevue Ave.
|
Bristol, CT
|
06010-5815
|
|
|
|
|
O'Brien Funeral Home
|
24 Lincoln Ave.
|
Bristol, CT
|
06010-7001
|
|
|
|
|
Bailey Funeral Home
|
48 Broad Street (includes 54 & 56 Broad St. and a portion of 21 Hamlin, which are parking and landscaping only)
|
Plainville, CT
|
06062
|
|
|
|
Litchfield
|
Lyons Funeral Home
|
46 High Street
|
Thomaston, CT
|
06787-1513
|
|
|
|
New Haven
|
Bergin Funeral Home
|
290 E. Main St
|
Waterbury, CT
|
06702-2307
|
|
|
|
|
Keenan Funeral Home
|
238 Elm St.
|
West Haven, CT
|
06516
|
|
|
|
|
Woodtick Memorial Funeral Home
|
420 Woodtick Road
|
Wolcott, CT
|
06716-2827
|
|
|
IDAHO
|
Ada
|
Cloverdale Funeral Home
|
1200 North Cloverdale Road
|
Boise, ID
|
|
|
|
|
83713-7805
|
|
|||||
|
Ada
|
Relyea Funeral Chapel
|
318 N. Latah Street
|
Boise, ID
|
83706-2628
|
|
|
Canyon
|
Dakan Funeral Chapel - Caldwell
|
504 S. Kimball Ave.
|
Caldwell, ID
|
83605
|
|
|
|
|
Dakan Funeral Chapel - Parma
|
411 E Bates Ave
|
Parma, ID
|
83660
|
|
|
|
|
Alsip & Persons Funeral Chapel
|
404 10th Ave. S (also 412, 416 & 420 10th Ave.).
|
Nampa, ID
|
83651
|
|
|
ILLINOIS
|
Cook
|
Lain-Sullivan Funeral Home
|
50 Westwood Dr.
|
Park Forest, IL
|
60466-1419
|
|
|
|
Kane
|
Dieterle Memorial Home
|
1120 S. Broadway
|
Montgomery, IL
|
60538-1345
|
|
|
KENTUCKY
|
Christian
|
Maddux-Fuqua-Hinton Funeral Home
|
Parcel One: 700 Country Club Lane
|
Hopkinsville, KY
|
42240-1345
|
|
|
|
|
Maddux Funeral Home
|
Parcel Two: 338 East Nashville Street
|
Pembroke, KY
|
42266
|
|
|
|
Greenup
|
Carman Funeral Home
|
Parcels 1 & 2: 2301 Argillite Rd.
|
Flatwoods, KY
|
41139-1953
|
|
|
|
|
Roberson Funeral Home
|
Parcels 3 & 4: 400 Main Street
|
South Shore, KY
|
41175
|
|
|
|
Todd
|
Latham Funeral Home
|
413 E. Main St.
|
Elkton, KY
|
42220
|
|
|
MASSACHUSETTS
|
Berkshire
|
Devanny-Condron Funeral Home
|
Parcel I: 40 Maplewood Avenue (Funeral Home)
|
Pittsfield, MA
|
01201-4742
|
|
|
|
|
|
Parcel II: 74 North Pearl St. (Parking lot)
|
Pittsfield, MA
|
01201
|
|
|
|
|
|
Parcel III: 189 1/2 First Street (Former House - now parking lot)
|
Pittsfield, MA
|
01201
|
|
|
|
|
|
Parcel IV: 189 1/2 First Street (Easterly border of former house)
|
Pittsfield, MA
|
01201
|
|
|
|
Essex
|
Cataudella Funeral Home
|
Parcel 1 and 2: 126 Pleasant Valley St
|
Methuen, MA
|
01844-7204
|
|
|
|
Hampden
|
Colonial Forastiere Funeral Home
|
Tract I: 985 Main Street
|
Agawam, MA
|
01001-2580
|
|
|
|
|
Brunelle Funeral Home
|
Tract II: 811 Chicopee Street
|
Chicopee, MA
|
01013-2730
|
|
|
|
|
Tylunas Funeral Home
|
Tract III: 159 Broadway St.
|
Chicopee, MA
|
01020-2618
|
|
|
|
|
Forastiere Smith Funeral Home
|
Tract IV: 220 North Main St.
|
East Longmeadow, MA
|
01028-1803
|
|
|
|
|
Messier Funeral Home
|
Tract V: 1944 Northampton Street
|
Holyoke, MA
|
01040-3414
|
|
|
|
|
Southwick Forastiere Funeral Home
|
Tract VI: 624 College Highway
|
Southwick, MA
|
01077-9817
|
||
|
|
Byron Keenan Funeral Home & Cremation Tribute Center
|
Tract VII: 1858 Allen Street
|
Springfield, MA
|
01118-1820
|
||
|
|
Forastiere Funeral Home
|
Tract VIII: 45 Locust Street
|
Springfield, MA
|
01108-1005
|
|
|
Hafey Funeral Service
|
Tract IX: 494 Belmont Ave.
|
Springfield, MA
|
01108-1753
|
||
|
|
Ratell Funeral Home
|
Tract X: 200 Main Street
|
Indian Orchard, MA
|
01151-1132
|
||
LOUISIANA
|
Jefferson
|
Garden of Memories Funeral Home
|
4900 Airline Drive
|
Metairie, LA
|
70001-5655
|
||
|
Jefferson
|
Tharp-Sontheimer-Tharp Funeral Home
|
1600 North Causeway Blvd.
|
Metairie, LA
|
70001-4141
|
||
MICHIGAN
|
Macomb
|
Bagnasco & Calcaterra Funeral Home (St. Clair Shores)
|
Tract II: 25800 Harper Ave.
|
St. Clair Shores, MI
|
48081-2212
|
||
MONTANA
|
Flathead
|
Johnson-Gloschat Funeral Home & Crematory
|
525 South Main St.
|
Kalispell, MT
|
59901-4850
|
||
NEW JERSEY
|
Monmouth
|
Braun Funeral Home - Eatonton
|
Parcel 1: 106 Broad Street
|
Eatontown, NJ
|
07724-1518
|
||
|
|
Bedle Funeral Home - Matawan
|
Parcel 3: 212 Main Street
|
Matawan, NJ
|
07747-3104
|
||
|
|
John E. Day Funeral Home
|
Parcel 4: 85 Riverside Ave.
|
Red Bank, NJ
|
07701-1007
|
||
NEW YORK
|
Suffolk
|
Bryant Funeral Home
|
411 Old Town Road
|
East Setauket, Town of Brookhaven, NY
|
11733-3498
|
||
|
Nassau
|
Donohue-Cecere Funeral Home
|
290 Post Ave.
|
Westbury, NY
|
11590-2230
|
||
NORTH CAROLINA
|
Randolph
|
Cumby Family Funeral Service - Archdale
|
206 Trindale Rd. (includes a portion of 3405 Archdale Rd., which is parking lot only)
|
Archdale, NC
|
27263-2750
|
||
|
Guilford
|
Cumby Family Funeral Service - High Point
|
1015 Eastchester Dr. (includes 1013 Eastchester, which does not have a building on it)
|
High Point, NC
|
27262-7643
|
||
OHIO
|
Butler
|
Baker-Stevens-Parramore Funeral Home
|
1500 Manchester Ave.
|
Middleton, OH
|
45042-2029
|
||
|
Fairfield
|
Dwayne Spence Funeral Home (Pickerington)
|
550 Hill Road N
|
Pickerington, OH
|
43147-8842
|
||
|
Franklin
|
Dwayne Spence Funeral Home (Canal Winchester)
|
650 W. Waterloo St.
|
Canal Winchester, OH
|
43110-1021
|
||
|
Muskingum
|
Bryan & Snider Funeral Home
|
2318 Maple Ave
|
Zanesville, OH
|
43701-2029
|
||
OKLAHOMA
|
Cleveland
|
Resthaven Funeral Home
|
500 SW 104
th
St.
|
Oklahoma City, OK
|
73139
|
||
|
Comanche
|
Lawton Ritter Gray Funeral Home
|
632 SW C Ave
|
Lawton, OK
|
73501
|
||
|
Stephens
|
Don Grantham Funeral Home
|
1502 N Highway 81
|
Duncan, OK
|
73533
|
||
PENNSYLVANIA
|
Chester
|
James J. Terry Funeral Home
|
736 E. Lancaster Ave.
|
Downingtown, PA
|
19335-2720
|
||
RHODE ISLAND
|
Providence
|
Mariani & Son Funeral Home
|
200 Hawkins Street
|
Providence, RI
|
02904-2216
|
||
|
Washington
|
Avery Funeral Home
|
Parcel 1: 3A Bank Street
|
Hope Valley, RI
|
02832
|
||
TENNESSEE
|
Hamilton
|
Lane Funeral Home (Coulter Chapel)
|
Tract 1: 601 Ashland Terrace
|
Chattanooga, TN
|
37415-3533
|
||
|
|
Williamson & Sons Funeral Home
|
Tract 2: 8852 Dayton Pike
|
Soddy Daisy, TN
|
37379-4324
|
||
|
Hamilton
|
Heritage Funeral Home & Cremation Services
|
7454 E. Brainerd Rd.
|
Chattanooga, TN
|
37421-3163
|
TEXAS
|
Brazos
|
Hillier Funeral Home
|
2301 E. 29th Street (and additional 2 acre site)
|
Bryan, TX
|
77802-1906
|
||
|
Chambers
|
Sterling Funeral Home (Anahuac)
|
1201 South Main Street
|
Anahuac, TX
|
77514
|
||
|
Harrison
|
Sullivan Funeral Home
|
100 E. Travis Street
|
Marshall, TX
|
75670-4165
|
||
|
Hidalgo
|
Ceballos-Diaz Funeral Home
|
322 East Kuhn St.
|
Edinburg, TX
|
78541-3532
|
||
|
Liberty
|
Sterling Funeral Home (Dayton)
|
Parcel 1: 602 N Main Street
|
Dayton, TX
|
77535-2227
|
||
|
|
Allison Funeral Service
|
Parcel 2: 1101 N. Travis St.
|
Liberty, TX
|
77575-3537
|
||
|
Nueces
|
Corpus Christi Funeral Home
|
Parcel 1: 2409 Baldwin Blvd.
|
Corpus Christi, TX
|
78405-2013
|
||
|
|
Seaside Funeral Home
|
Parcel 2: 4357 Ocean Dr.
|
Corpus Christi, TX
|
78412-2532
|
||
|
Potter
|
Angel Funeral Home
|
Parcel 1: 2209 S. Arthur Street
|
Amarillo, TX
|
79103-1117
|
||
|
Randall
|
La-Grone-Blackburn-Shaw Funeral Directors - Coulter Chapel
|
Parcel 1: 8310 S. Coulter St.
|
Amarillo, TX
|
79119-7389
|
||
|
|
Schooler Funeral Home
|
Parcel 2: 4100 S. Georgia St.
|
Amarillo, TX
|
79110-1124
|
||
|
Cameron
|
San Benito Funeral Home
|
1400 W US Hwy 77
|
San Benito, TX
|
78586-4104
|
||
|
Harris
|
Schmidt Funeral Home
|
1508 East Ave.
|
Katy, TX
|
77493-1932
|
||
|
Harris
|
Crespo & Jirrels Funeral and Cremation Services
|
6123 Garth Rd.
|
Baytown, TX
|
77521-9685
|
||
|
Harris
|
Sterling White Funeral Home
|
11011 Crosby-Lynchburg Rd.
|
Highlands, TX
|
77562
|
Lender
|
Applicable Percentage in respect of the Revolving Credit Facility
|
Revolving Credit Commitment
|
Applicable Percentage in respect of the Term Facility
|
Term Loan**
**As of the Eighth Amendment Effective Date
|
Bank of America, N.A.
|
22.000000000%
|
$44,000,000.00
|
18.769648283%
|
$23,227,439.75
|
Regions Bank
|
17.230238695%
|
$34,460,477.39
|
15.383919596%
|
$19,037,600.50
|
Raymond James Bank, N.A.
|
9.231030150%
|
$18,462,060.30
|
12.308040202%
|
$15,231,199.75
|
ZB, N.A. dba Amegy Bank
|
12.308040200%
|
$24,616,080.40
|
12.308040202%
|
$15,231,199.75
|
Cadence Bank, N.A.
|
10.769648240%
|
$21,539,296.48
|
10.769648218%
|
$13,327,439.67
|
Compass Bank
|
12.307927135%
|
$24,615,854.27
|
10.461608016%
|
$12,946,239.92
|
BOKF, NA dba Bank of Texas
|
5.768969850%
|
$11,537,939.70
|
7.691959798%
|
$9,518,800.25
|
Whitney Bank
|
5.768969850%
|
$11,537,939.70
|
7.691959798%
|
$9,518,800.25
|
Texas Capital Bank,
National Association
|
4.615175880%
|
$9,230,351.76
|
4.615175887%
|
$5,711,280.16
|
Totals
|
100.000000000%
|
$200,000,000.00
|
100.000000000%
|
$123,750,000.00
|
To:
|
Bank of America, N.A., as Administrative Agent
|
By:
|
|
|
|
Name:
|
|
|
Title
|
|
|
|
(4
|
)
|
To the extent deducted in calculating Net Income, depreciation and amortization expenses and payments in respect of Deferred Purchase Price for the Subject Period:
|
$_____________
|
||
|
|
(5
|
)
|
To the extent deducted in calculating Net Income, other expenses of the Borrower and the Subsidiaries reducing Net Income which do not represent a cash item in the Subject Period or any future period:
|
$_____________
|
||
|
|
(6)
|
|
To the extent deducted in calculating Net Income, non-recurring costs and expenses, including acquisition costs, of the Borrower and its Subsidiaries not to exceed $1,000,000 in aggregate amount:
|
$_____________
|
||
|
|
(7
|
)
|
Withdrawable trust income received by the Borrower and its Subsidiaries from preneed trust accounts that allow income to be withdrawn before contract maturity, less cash amounts required to be replaced, if any:
|
$_____________
|
||
|
|
(8
|
)
|
EBITDA of any Acquisition calculated on a historic basis for such Acquisition as if the same had occurred on the first day of the period for which such EBITDA is measured with such pro-forma adjustments as the Administrative Agent shall approve:
|
$_____________
|
||
|
|
(9
|
)
|
For any period of calculation, severance costs not to exceed $1,000,000 in aggregate amount.
|
$_____________
|
||
|
|
(10
|
)
|
Non-cash items increasing Net Income for the Subject Period:
|
$_____________
|
||
|
|
(11
|
)
|
EBITDA of any Subsidiary or business Disposed of calculated on a historic business as if the same had occurred on the first day of the period for which such EBITDA is measured with such pro-forma adjustments as the Administrative Agent shall approve:
|
$_____________
|
||
|
|
(12
|
)
|
EBITDA (Lines III.B.1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 -10 - 11):
|
$_____________
|
||
|
C.
|
Senior Secured Leverage Ratio (Line III.A.5 Line III.B.12):
|
_____ to ______
|
||||
|
|
Maximum permitted:
|
|
Period
|
Maximum Senior Secured Leverage Ratio
|
Eighth Amendment Effective Date through June 30, 2018
|
4.50 to 1.00
|
September 30, 2018
|
4.25 to 1.00
|
December 31, 2018
|
4.00 to 1.00
|
March 31, 2019
|
3.75 to 1.00
|
June 30, 2019 and thereafter
|
3.50 to 1.00
|
IV.
|
Section 7.11(b) - Minimum Fixed Charge Coverage Ratio.
|
|||||
|
A.
|
EBITDA for the Subject Period (Line III.B.12. above):
|
$_____________
|
|||
|
B.
|
Maintenance Capital Expenditures for the Subject Period:
|
$_____________
|
|||
|
C.
|
Cash taxes paid during the Subject Period:
|
$_____________
|
|||
|
D.
|
Cash tax refunds received during the Subject Period:
|
$_____________
|
|||
|
E.
|
Dividends paid in cash during the Subject Period:
|
$_____________
|
|||
|
F.
|
Cash Interest Expense during the Subject Period:
|
$_____________
|
|||
|
G.
|
Scheduled and required principal payments during the Subject Period in respect of Debt:
|
$_____________
|
|||
|
H.
|
Scheduled and required payments made by the Borrower in respect of Deferred Purchase Price for the Subject Period (to extent not included in IV.E. and IV.F. above):
|
$_____________
|
|||
|
I.
|
Fixed Charge Coverage Ratio (Lines IV.A. - IV.B. - IV.C. + IV.D. - IV.E.) (Lines IV.F. + IV.G. + IV.H):
|
______ to 1.00
|
|||
|
|
Minimum required:
|
1.20 to 1.00
|
|||
|
Section 6.12(d) - Field Level EBITDA
|
|||||
|
A.
|
Funeral Field Level EBITDA for the Subject Period:
|
$_____________
|
|||
|
B.
|
Line V.A x .50:
|
$_____________
|
|||
|
C.
|
EBITDA generated by Mortgaged Property and related operations for the Subject Period:
|
$_____________
|
1.
|
Assignor
:
______________________________
|
2.
|
Assignee
:
______________________________
|
3.
|
Borrower
:
Carriage Services, Inc.
|
4.
|
Administrative Agent
: Bank of America, N.A., as the administrative agent under the Credit Agreement
|
5.
|
Credit Agreement
: Credit Agreement, dated as of August 30, 2012, among the Borrower, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer
|
6.
|
Assigned Interest:
|
Assignor
|
Assignee
|
Facility
Assigned
1
|
Aggregate
Amount of
Commitment/Loans
for all Lenders
2
|
Amount of
Commitment/Loans
Assigned
|
Percentage
Assigned of
Commitment/
Loans
3
|
CUSIP
Number
|
|
|
____________
|
$________________
|
$_________
|
____________%
|
|
|
|
____________
|
$________________
|
$_________
|
____________%
|
|
|
|
____________
|
$________________
|
$_________
|
____________%
|
|
[7.
|
Trade Date:
__________________]
4
|
|
|
|
|
|
1
|
Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g. “Revolving Credit Commitment”, “Term Commitment”, etc.).
|
|||
2
|
Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.
|
|||
3
|
Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder.
|
|||
4
|
To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date.
|
|
ASSIGNOR
[NAME OF ASSIGNOR]
By: __________________________
Title:
|
|
ASSIGNEE
[NAME OF ASSIGNEE]
By: ___________________________
Title:
|
|
|
[Consented to and]
5
Accepted:
BANK OF AMERICA, N.A.,
as Administrative Agent
By: __________________________________
Title:
|
|
|
|
[Consented to:]
6
CARRIAGE SERVICES, INC.
By: __________________________________
Title:
|
|
|
|
|
|
|
5
|
To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement.
|
|||
6
|
To be added only if the consent of the Borrower and/or other parties (
e.g.
Swing Line Lender) is required by the terms of the Credit Agreement.
|
1.
|
Representations and Warranties
.
|