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SEC Filings

S-1/A
JONES LANG LASALLE INC filed this Form S-1/A on 07/16/1997
Entire Document
 
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     7.   Section 6.17 of the Credit Agreement is hereby amended in its entirety
and as so amended shall read as follows:

               Section 6.17.  Net Worth.  The Borrowers shall not on the dates 
          set forth below permit Net Worth to be less than the amount set forth 
          opposite such date:

                                         NET WORTH SHALL
                          DATE           NOT BE LESS THAN
                          ----           ----------------
                    December 31, 1996      $50,000,000
                    July 31, 1997          $72,000,000
                    December 31, 1997      $82,000,000
                    December 31, 1998      $92,000,000

     8.   Section 6.23 of the Credit Agreement is hereby amended in its entirety
and as so amended shall read as follows:

               Section 6.23.  Distributions.  LPML and LPL shall not make any
          Distributions to any of their respective partners; provided, however,
          LPML and LPL may make Distributions if immediately prior to and
          after giving effect to any such Distribution a Default or Unmatured
          Default shall not have occurred and be continuing.

     9.   Sections 5.14, 6.25, 6.26, 7.11, 7.12, 7.13, 7.15 and 7.16 of the
Credit Agreement are each hereby deleted in their entirety and inserted in their
place the following:

               Section 5.14.  [Intentionally omitted].

               Section 6.25.  [Intentionally omitted].

               Section 6.26.  [Intentionally omitted].

               Section 7.11.  [Intentionally omitted].

               Section 7.12.  [Intentionally omitted].

               Section 7.13.  [Intentionally omitted].

               Section 7.15.  [Intentionally omitted].

               Section 7.16.  [Intentionally omitted].

    10.   Section 7.17 of the Credit Agreement is hereby amended in its entirety
and as so amended shall read as follows:

               Section 7.17.  At any time fewer than five of the following
          individuals continue to be members of senior management of LP Inc. (or
          one of its principal Subsidiaries) and active in the management of LP
          Inc. (or one of its principal Subsidiaries):  Stuart L. Scott,
          Robert C. Spoerri, William E. Sullivan, Daniel W. Cummings, Charles K.
          Esler, Jr., Lizanne Galbreath, M.G. Rose, Lynn C. Thurber, and Earl E.
          Webb.

    11.  The Lenders and Agent each hereby consent to the Transaction.

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