Common use of Representation by Banks Clause in Contracts

Representation by Banks. 56 SECTION 9.10. Obligations Several.............................................56 SECTION 9.11. Survival of Certain Obligations.................................56 SECTION 9.12. Georgia Law.....................................................56 SECTION 9.13. Severability....................................................56 SECTION 9.14. Interest........................................................56 SECTION 9.15. Interpretation..................................................57 SECTION 9.16. Consent to Jurisdiction.........................................57 SECTION 9.17. Counterparts....................................................57 SECTION 9.18. European Economic and Monetary Union............................57 SECTION 9.19. Concerning Joint and Several Liability of the Borrowers.........59 Schedule 1.01 Material Subsidiaries Schedule 4.08 Existing Subsidiaries Schedule 4.14 Environmental Matters EXHIBIT A Form of Syndicated Dollar Note EXHIBIT B Form of Syndicated Foreign Currency Note EXHIBIT C Form of Money Market Note EXHIBIT D Form of Opinion of Counsel for the Borrowers and the Guarantors EXHIBIT E Form of Opinion of Special Counsel for the Agent EXHIBIT F Form of Money Market Quote Request EXHIBIT G Form of Money Market Quote EXHIBIT H Form of Closing Certificate EXHIBIT I Form of Secretary's Certificate EXHIBIT J Form of Compliance Certificate EXHIBIT K Form of Assignment and Acceptance EXHIBIT L Form of Notice of Borrowing EXHIBIT M Form of Guaranty EXHIBIT N Form of Indemnity, Subrogation and Contribution Agreement 180-DAY CREDIT AGREEMENT AGREEMENT dated as of August 25, 2000 among THE VALSPAR CORPORATION, ENGINEERED POLYMER SOLUTIONS, INC., THE VALSPAR (UK) HOLDING CORPORATION LTD., THE VALSPAR (SWITZERLAND) HOLDING CORPORATION A.G., XXXXXX B.V. and DYFLEX B.V., and WACHOVIA BANK, N.A., as Administrative Agent. The parties hereto agree as follows:

Representation by Banks. 56 57 SECTION 9.109.11. Obligations Several.............................................56 SECTION 9.11. Survival of Certain Obligations.................................56 ...................................... 57 SECTION 9.12. Georgia Law.....................................................56 .............................................. 58 SECTION 9.13. Severability....................................................56 ............................................. 58 SECTION 9.14. Interest........................................................56 ................................................. 58 SECTION 9.15. Interpretation..................................................57 ........................................... 59 SECTION 9.16. Waiver of Jury Trial; Consent to Jurisdiction.........................................57 ............ 59 SECTION 9.17. Counterparts....................................................57 ............................................. 59 SECTION 9.18. European Economic and Monetary Union............................57 SECTION 9.19. Concerning Joint and Several Liability Source of the Borrowers.........Funds -- ERISA................................. 59 Schedule 1.01 Material Subsidiaries Schedule 4.08 Existing Subsidiaries Schedule 4.14 Environmental Matters (v) EXHIBIT A Form of Syndicated Dollar Term Note EXHIBIT B Form of Syndicated Foreign Currency Note EXHIBIT C Form of Money Market Note EXHIBIT D Form of Opinion of Counsel for the Borrowers Borrower and the Guarantors Initial Guarantor EXHIBIT E C Form of Opinion of Special Counsel for the Agent EXHIBIT F Form of Money Market Quote Request EXHIBIT G Form of Money Market Quote EXHIBIT H Form of Closing Certificate EXHIBIT I Form of Secretary's Certificate EXHIBIT J Form of Compliance Certificate EXHIBIT K D Form of Assignment and Acceptance EXHIBIT L E Form of Notice of Borrowing EXHIBIT M F Form of Compliance Certificate EXHIBIT G Form of Closing Certificate EXHIBIT H Form of Officer's Certificate for Borrower EXHIBIT I Form of Guaranty EXHIBIT N J Form of Indemnity, Subrogation and Contribution Agreement 180-DAY EXHIBIT K Form of Borrowing Base Certificate EXHIBIT L List of Eligible Properties Schedule 4.08 Subsidiaries Schedule 4.14 Environmental Matters Schedule 5.17 Existing Investments Schedule 5.25 Existing Guarantees (vi) TERM LOAN CREDIT AGREEMENT TERM LOAN CREDIT AGREEMENT dated as of August 25February 17, 2000 1999 among THE VALSPAR CORPORATIONJDN Realty Corporation, ENGINEERED POLYMER SOLUTIONSthe BANKS listed on the signature pages hereof, INC., THE VALSPAR (UK) HOLDING CORPORATION LTD., THE VALSPAR (SWITZERLAND) HOLDING CORPORATION A.G., XXXXXX B.V. and DYFLEX B.V., and WACHOVIA BANK, N.A., as Administrative Agent and PNC BANK, NATIONAL ASSOCIATION, as Documentation Agent. The parties hereto agree as follows:

Representation by Banks. 56 61 SECTION 9.10. Obligations Several.............................................56 61 SECTION 9.11. Survival of Certain Obligations.................................56 61 SECTION 9.12. Georgia Law.....................................................56 61 SECTION 9.13. Severability....................................................56 61 SECTION 9.14. Interest........................................................56 62 SECTION 9.15. Interpretation..................................................57 62 SECTION 9.16. Consent to Jurisdiction.........................................57 62 SECTION 9.17. Counterparts....................................................57 62 SECTION 9.18. European Economic and Monetary Union............................57 62 SECTION 9.19. Concerning Joint and Several Liability of the Borrowers.........59 65 Schedule 1.01 Material Subsidiaries Schedule 4.08 Existing Subsidiaries Schedule 4.14 Environmental Matters EXHIBIT A Form of Syndicated Dollar Note EXHIBIT B Form of Syndicated Foreign Currency Note EXHIBIT C Form of Money Market Note EXHIBIT D Form of Opinion of Counsel for the Borrowers and the Guarantors EXHIBIT E Form of Opinion of Special Counsel for the Agent EXHIBIT F Form of Money Market Quote Request EXHIBIT G Form of Money Market Quote EXHIBIT H Form of Closing Certificate EXHIBIT I Form of Secretary's Certificate EXHIBIT J Form of Compliance Certificate EXHIBIT K Form of Assignment and Acceptance EXHIBIT L Form of Notice of Borrowing EXHIBIT M Form of Guaranty EXHIBIT N Form of Indemnity, Subrogation and Contribution Agreement 180-DAY AMENDED AND RESTATED CREDIT AGREEMENT AGREEMENT dated as of August 25February 26, 2000 1999 among THE VALSPAR CORPORATION, ENGINEERED POLYMER SOLUTIONS, INC., THE VALSPAR (UK) HOLDING CORPORATION LTD., THE VALSPAR (SWITZERLAND) HOLDING CORPORATION A.G., XXXXXX B.V. and DYFLEX B.V., the BANKS listed on the signature pages hereof, CHASE SECURITIES INC., as Syndication Agent, and WACHOVIA BANK, N.A., as Administrative Agent and Documentation Agent. The Parent, the Agent and certain of the Banks entered into a Credit Agreement dated as of April 20, 1995 (as amended, modified or supplemented, the "Original Credit Agreement"). The Parent has requested the Agent and such Banks to amend and restate the Original Credit Agreement in its entirety, and the Agent and such Banks have agreed to amend and restate the Original Credit Agreement, as hereinafter set forth. The parties hereto agree as follows:

Representation by Banks. 56 SECTION 9.10. 72 Section 9.11 Obligations Several.............................................56 SECTION 9.11. Survival ...................................................................72 Section 9.12 New York Law..........................................................................72 Section 9.13 Severability..........................................................................72 Section 9.14 Interest..............................................................................72 Section 9.15 Interpretation........................................................................73 Section 9.16 Waiver of Certain Obligations.................................56 SECTION 9.12. Georgia Law.....................................................56 SECTION 9.13. Severability....................................................56 SECTION 9.14. Interest........................................................56 SECTION 9.15. Interpretation..................................................57 SECTION 9.16. Jury Trial; Consent to Jurisdiction.........................................57 SECTION 9.17. 73 Section 9.17 Counterparts....................................................57 SECTION 9.18. ..........................................................................73 Section 9.18 Source of Funds-- ERISA...............................................................74 Section 9.19 Release of Receivables Program Assets.................................................74 Section 9.20 European Economic and Monetary Union............................57 SECTION 9.19. Concerning Joint and Several Liability of the Borrowers.........59 Schedule 1.01 Material Subsidiaries Schedule 4.08 Existing Subsidiaries Schedule 4.14 Environmental Matters ..................................................74 EXHIBIT A A-1 Form of Syndicated Dollar Loan Note EXHIBIT B A-2 Form of Syndicated Foreign Currency Loan Note EXHIBIT A-3 Form of Swing Loan Note EXHIBIT B-1 Form of Opinion of Weil, Gotshal & Manges EXHIBIT B-2 Form of Opinion of Robert A. Emken, Xx. EXHIBIT C Form of Money Market Note Opinion of Spxxxxx Xxxxxxx xxx xxe Administrative Agent EXHIBIT D Form of Opinion of Counsel for the Borrowers and the Guarantors EXHIBIT E Form of Opinion of Special Counsel for the Agent EXHIBIT F Form of Money Market Quote Request EXHIBIT G Form of Money Market Quote EXHIBIT H Form of Closing Certificate EXHIBIT I Form of Secretary's Certificate EXHIBIT J Form of Compliance Certificate EXHIBIT K Form of Assignment and Acceptance EXHIBIT L E Form of Notice of Borrowing EXHIBIT F Form of Compliance Certificate EXHIBIT G Form of Closing Certificate EXHIBIT H Form of Officer's Certificate EXHIBIT I Form of Mortgage EXHIBIT J Form of Domestic Stock Pledge Agreement EXHIBIT K Form of Subsidiary Guaranty EXHIBIT L Form of Contribution Agreement EXHIBIT M Form of Guaranty Foreign Stock Pledge Agreement EXHIBIT N Form of Indemnity, Subrogation Intercreditor Agreement EXHIBIT O Form of Security Agreement EXHIBIT P Form of Patent Assignment EXHIBIT Q Form of Hazardous Materials Indemnity Agreement Schedule 4.08 Subsidiaries Schedule 4.14 Environmental Matters Schedule 5.15 Existing Investments Schedule 5.25 Plants and Contribution Agreement 180-DAY Other Real Property CREDIT AGREEMENT AGREEMENT dated as of August 25May 26, 2000 2000, among THE VALSPAR CORPORATION, ENGINEERED POLYMER SOLUTIONSGUILFORD MILLS, INC., THE VALSPAR (UK) HOLDING CORPORATION LTD.the BANKS listed on the signature pages herexx, THE VALSPAR (SWITZERLAND) HOLDING CORPORATION A.G., XXXXXX B.V. and DYFLEX B.V., and WACHOVIA BANKXXXXXXXX XANK, N.A., as Administrative Agent, FIRST UNION NATIONAL BANK, as Syndication Agent and BANK ONE, N.A., as Documentation Agent. The parties hereto agree as follows:

Representation by Banks. 56 78 SECTION 9.1011.11. Obligations Several.............................................56 .....................................................................78 SECTION 9.1111.12. Survival of Certain Obligations.................................56 .........................................................78 SECTION 9.1211.13. Georgia North Carolina Law.....................................................56 ......................................................................79 SECTION 9.1311.14. Severability....................................................56 ............................................................................79 SECTION 9.1411.15. Interest........................................................56 ................................................................................79 SECTION 9.1511.16. Interpretation..................................................57 ..........................................................................79 SECTION 9.1611.17. Defaulting Bank.........................................................................79 SECTION 11.18. Consent to Jurisdiction.........................................57 .................................................................79 SECTION 9.1711.19. Counterparts....................................................57 SECTION 9.18. European Economic and Monetary Union............................57 SECTION 9.19. Concerning Joint and Several Liability of the Borrowers.........59 Schedule 1.01 Material Subsidiaries Schedule 4.08 Existing Subsidiaries Schedule 4.14 Environmental Matters ............................................................................79 EXHIBIT A A-1 Form of Syndicated Dollar Note Bank Notes EXHIBIT A-2 Form of Term Notes EXHIBIT B Form of Syndicated Foreign Currency Note EXHIBIT C Form of Money Market Note EXHIBIT D Form of Opinion of Counsel for the Borrowers and the Guarantors Borrower EXHIBIT E C Form of Opinion of Special Counsel for the Agent EXHIBIT F Form of Money Market Quote Request EXHIBIT G Form of Money Market Quote EXHIBIT H D Form of Closing Certificate EXHIBIT I E Form of Assistant Secretary's Certificate EXHIBIT J F Form of Compliance Certificate EXHIBIT K G Form of Assignment and Acceptance EXHIBIT L H Form of Notice of Borrowing EXHIBIT M I Form of Guaranty Borrowing Base Values Certificate EXHIBIT N J Conduit Debt Hotels EXHIBIT K-1 Initial Hotels EXHIBIT K-2 Supplemental Borrowing Base Hotels EXHIBIT L Form of Indemnity, Subrogation and Contribution Agreement 180-DAY Permitted Operating Lease EXHIBIT M Allocated Loan Amount SECOND AMENDED AND RESTATED SYNDICATED CREDIT AGREEMENT THIS SECOND AMENDED AND RESTATED SYNDICATED CREDIT AGREEMENT dated as of August 25December 19, 2000 2001, among THE VALSPAR CORPORATION, ENGINEERED POLYMER SOLUTIONSWINSTON HOTELS, INC., THE VALSPAR a North Carolina corporation (UK) HOLDING CORPORATION LTD.the "Company"), THE VALSPAR XXXX LIMITED PARTNERSHIP, a North Carolina limited partnership (SWITZERLAND) HOLDING CORPORATION A.G.the "Partnership"), XXXXXX B.V. and DYFLEX B.V.the BANKS listed on the signature pages hereof, and WACHOVIA BANK, N.A., as Administrative Agent. The parties hereto agree as follows:.