Common use of Partnership Long-term Debt Clause in Contracts

Partnership Long-term Debt. At or immediately subsequent to the Closing Date, the Partnership's long-term debt shall consist of: (i) borrowings under a bank credit agreement or agreements providing for maximum borrowings in the amount of $1.25 billion (inclusive of any amounts to be used for working capital purposes); (ii) Lyondell Assumed Debt (as defined in the Initial Master Transaction Agreement) in the amount of $745 million and (iii) Occidental Assumed Debt in the amount of $205 million; provided, however, that the amount of the credit agreement or agreements described in (i) above may be adjusted to such greater amount as may be reasonably satisfactory to the Partnership and Occidental.

Partnership Long-term Debt. At or immediately subsequent to the Closing Date, the Partnership's long-term debt shall consist of: (i) borrowings under a bank credit agreement or agreements providing for maximum borrowings in the amount of $1.25 1.5 billion (inclusive exclusive of any amounts to be used for working capital purposes); (ii) Lyondell Assumed Debt (as defined in the Initial Master Transaction Agreement) in the amount of $745 million and (iii) Occidental Assumed Debt in the amount of $205 million; provided, however, that the amount of the credit agreement or agreements described in (i) above may be adjusted to such greater amount as may be reasonably satisfactory to the Partnership and Occidental.

Partnership Long-term Debt. At or immediately subsequent to the -------------------------- Closing Date, the Partnership's long-term debt shall consist of: (i) borrowings under a bank credit agreement or agreements providing for maximum borrowings in the amount of $1.25 billion (inclusive of any amounts to be used for working capital purposes); (ii) Lyondell Assumed Debt (as defined in the Initial Master Transaction Agreement) in the amount of $745 million and (iii) Occidental Assumed Debt in the amount of $205 million; provided, however, that the amount -------- ------- of the credit agreement or agreements described in (i) above may be adjusted to such greater amount as may be reasonably satisfactory to the Partnership and Occidental.