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EXHIBIT 4.5
FIRST AMENDMENT
TO
REPLACEMENT AND RESTATEMENT AGREEMENT
THIS FIRST AMENDMENT TO REPLACEMENT AND RESTATEMENT AGREEMENT is made
and entered into as of March 31, 1997, among THE GOODYEAR TIRE & RUBBER COMPANY,
an Ohio Corporation (the "Borrower"), the undersigned lenders (the "Lenders")
and THE CHASE MANHATTAN BANK, a New York banking corporation, as agent for the
Lenders (in such capacity, the "Agent").
WHEREAS, the parties hereto desire to amend the definition of "Leverage
Ratio" set forth in that certain Replacement and Restatement Agreement, dated as
of July 15, 1996, among the Borrower, the Lenders and the Agent (herein the
"Agreement"), which replaced and restated that certain Revolving Credit Facility
Agreement, dated as of July 15, 1994;
NOW, THEREFORE, for and in consideration of the premises and other
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree, on the terms and subject to the
conditions set forth herein, as follows:
1. Effective as of March 31, 1997, the definition of "LEVERAGE RATIO"
in Section 1.01 of the Agreement is deleted and replaced by inserting the
following:
""LEVERAGE RATIO" shall mean, as at the end of any fiscal
quarter in respect of which a determination thereof is being or to be
made, the quotient (expressed as a percentage) of (a) the sum of (i)
"notes payable to banks and overdrafts", PLUS (ii) "long term debt due
within one year", PLUS (iii) "long term debt and capital leases" (as
each such item is reported on the Consolidated balance sheet of the
Borrower and the Subsidiaries as at the end of such fiscal quarter),
PLUS (iv) the net proceeds from the sale of domestic accounts
receivable outstanding at the end of such fiscal quarter (determined in
a manner consistent with that used in preparing the Borrower's 1993
Annual Report on Form 10-K), DIVIDED BY (b) the sum of (i) Consolidated
Net Worth (without giving effect to the exclusion contained in clause
(ii) of the definition of the term "Consolidated Net Worth" and without
giving effect to the $499.3 million after-tax writedown of the
Borrower's Oil Transportation Segment assets in December of 1996), PLUS
(ii) the sum obtained pursuant to clause (a) above."
2. This First Amendment To Replacement and Restatement Agreement shall
become effective when the Agent shall have received counterparts of this First
Amendment To Replacement
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and Restatement Agreement executed on behalf of the Borrower and the
Majority Lenders (as defined in the Agreement).
3. This First Amendment to Replacement and Restatement Agreement may be
executed in two or more counterparts, any one of which need not contain the
signatures of more than one party, but all which taken together will constitute
one and the same agreement.
4. THIS FIRST AMENDMENT TO REPLACEMENT AND RESTATEMENT AGREEMENT SHALL
BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW
YORK.
IN WITNESS WHEREOF, the Borrower, the Agent and the Majority Lenders
have caused this Agreement to be duly executed by their respective authorized
officers as of the day and year first above written.
THE GOODYEAR TIRE & RUBBER COMPANY
By: /s/ X X Xxxxxx
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Name: X X Xxxxxx
Title: Executive Vice President
ATTEST: /s/ P A Xxxxx
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Assistant Secretary
THE CHASE MANHATTAN BANK,
individually and as Agent
By: /s/ Xxxxx X Xxxx
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Name: Xxxxx X Xxxx
Title: Vice President
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BANQUE NATIONALE DE PARIS, CHICAGO BRANCH
By: /s/ Xxxxxx Xxxxxx du Xxxxxx
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Name: Xxxxxx Xxxxxx du Bocage
Title: Executive Vice President
and General Manager
CIBC INC.
By: /s/ Xxxxxxxxx X Xxxxxxx
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Name: Xxxxxxxxx X Xxxxxxx
Title: Authorized Signatory
THE SUMITOMO BANK, LIMITED, NEW YORK BRANCH
By: /s/ Xxxx X. Xxxxxxxxx
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Name: Xxxx X. Xxxxxxxxx
Title: Joint General manager
COMMERZBANK AG
By: /s/ J. Xxxxxxx Shortly
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Name: J. Xxxxxxx Shortly
Title: Sr. Vice President
By: /s/Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: Vice President
BANK OF AMERICA ILLINOIS
By: /s/ Xxxx X Xxxxxxx
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Name: Xxxx X Xxxxxxx
Title: Managing Director
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ABN AMRO BANK, N.V.
By: /s/ X. X. Xxxxxxxx
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Name: X. X. Xxxxxxxx
Title: Group Vice President
By: /s/ Xxxxxxx X. Xxxx
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Name: Xxxxxxx X. Xxxx
Title: Group Vice President and
Operational Manager
BANK OF MONTREAL
By: /s/ Xxxxxx X. XxXxxxx
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Name: Xxxxxx X. XxXxxxx
Title: Director
BANK OF TOKYO-MITSUBISHI TRUST COMPANY
By: /s/ Xxxxxxxxx X. Xxxxx
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Name: Xxxxxxxxx X. Xxxxx
Title: Vice President
BARCLAYS BANK PLC
By: /s/ L. Xxxxx Xxxxxx
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Name: L. Xxxxx Xxxxxx
Title: Associate Director
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CITIBANK, N.A.
By: /s/ Xxxxxx X. Harriety, Jr.
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Name: Xxxxxx X. Harriety, Jr.
Title: Vice President
Citibank, N.A.
Attorney-In-Fact
CREDIT LYONNAIS, CHICAGO BRANCH
By: /s/ Michel Buysschaert
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Name: Michel Buysschaert
Title: Vice President
CREDIT SUISSE FIRST BOSTON
By: /s/ Xxxxxx Xxxx
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Name: Xxxxxx Xxxx
Title: Vice President
By: /s/ Xxxxxxxx X. Xxxxxxxxxxx
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Name: Xxxxxxxx X. Xxxxxxxxxxx
Title: Associate
THE DAI - ICHI KANGYO BANK, LTD.,
CHICAGO BRANCH
By: /s/ Xxxxxxx Xxxxxxxx
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Name: Xxxxxxx Xxxxxxxx
Title: Senior Vice President
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DEUTSCHE BANK AG, NEW YORK AND/OR
CAYMAN ISLANDS BRANCH
By: /s/ Xxxxxxx X. XxXxxxx
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Name: Xxxxxxx X. XxXxxxx
Title: Director
By: /s/ Xxxxxx Xxxx
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Name: Xxxxxx Xxxx
Title: Director
DRESDNER BANK LUXEMBOURG S.A.
By: /s/ X. Xxxxxxxxx
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Name: X. Xxxxxxxxx
Title: Assistant Manager Loans
By: /s/ F. Audrimont
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Name: F. Audrimont
Title: Authorized Signature
THE FIRST NATIONAL BANK OF CHICAGO
By: /s/ Xxxxxx X. Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
Title: Authorized Agent
THE INDUSTRIAL BANK OF JAPAN, LIMITED
By: /s/ Xxxxxx Xxxxxx
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Name: Xxxxxx Xxxxxx
Title: General Manager
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ISTITUTO BANCARIO SAN PAOLO DI TORINO S.P.A.
By: /s/ Xxxxx Xxxxxxx Xxxxxxx Xx Xxxxxx
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Name: Xxxxx Xxxxxxx Xxxxxxx Xx Xxxxxx
Title: Deputy G.M. First Vice President
KEY BANK
By: /s/ Xxxxx X. Xxx
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Name: Xxxxx X. Xxx
Title: Vice President
NATIONAL CITY BANK
By: /s/ Xxxxxxx X. Xxxxxxx
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Name: Xxxxxxx X. Xxxxxxx
Title: Vice President
NATIONSBANK, N.A.
By: /s/ Xxxxxx X. Xxxxxx
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Name: Xxxxxx X. Xxxxxx
Title: Vice President
THE NORTHERN TRUST COMPANY
By: /s/ S. Xxxx Xxxxxx
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Name: S. Xxxx Xxxxxx
Title: Vice President
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ROYAL BANK OF CANADA
By: /s/ Xxxxxxx X. Xxxxxxx
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Name: Xxxxxxx X. Xxxxxxx
Title: Manager
THE SANWA BANK, LIMITED, CHICAGO BRANCH
By: /s/ Xxxxx X. Xxxxxx
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Name: Xxxxx X. Xxxxxx
Title: First Vice President
SOCIETE GENERALE, CHICAGO BRANCH
By: /s/ Xxxxxx Xxxxxxxxxxxx
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Name: Xxxxxx Xxxxxxxxxxxx
Title: Vice President
UNION BANK OF SWITZERLAND
By: /s/ Xxx Xxxxxxxx
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Name: Xxx Xxxxxxxx
Title: Vice President Corporate Banking
By: /s/ Xxxxxx Xxxxx
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Name: Xxxxxx Xxxxx
Title: Vice President
THE YASUDA TRUST & BANKING CO., LTD.
CHICAGO BRANCH
By: /s/ Xxxxxx X. Xxxx
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Name: Xxxxxx X. Xxxx
Title: Deputy General Manager
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