AMENDMENT NO. 1 TO CREDIT AGREEMENT
AMENDMENT
NO. 1 TO CREDIT AGREEMENT
Praxair,
Inc. and Subsidiaries
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Exhibit
10.17a
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AMENDMENT
NO. 1 TO CREDIT AGREEMENT
AMENDMENT
dated as of February 15, 2006 (this "Amendment") to the Credit
Agreement dated as of December 23, 2004 among Praxair, Inc., the Eligible
Subsidiaries referred to therein, the Lenders party thereto, JPMorgan Chase
Bank, N.A., as Administrative Agent, Bank of America, N.A., as Syndication
Agent
and Citibank, N.A. and Credit Suisse First Boston LLC (formerly known as Credit
Suisse First Boston) as Co-Documentation Agents (the
"Agreement").
The
parties hereto agree as follows:
Section
1.
Defined
Terms; References.
Unless
otherwise specifically defined herein, each term used herein that is defined
in
the Agreement has the meaning assigned to such term in the Agreement. Each
reference to "hereof", "hereunder", "herein" and "hereby" and each other similar
reference and each reference to "this Agreement" and each other similar
reference contained in the Agreement shall, after this Amendment becomes
effective, refer to the Agreement as amended hereby.
Section
2.
Amendments. (a)
Section
1.01 of the Agreement is amended by (i) adding the following new
definition:
"Letter
of Credit Termination Date"
means
(i) December 23, 2009, or (ii) such later day to which the Termination Date
shall have been extended as to all Lenders pursuant to Section 2.01(c) or 11.05,
but if such day is not a Euro-Currency Business Day, then the Letter of Credit
Termination Date shall be the next succeeding Euro-Currency Business Day unless
such Euro-Currency Business Day falls in another calendar month, in which case
the Letter of Credit Termination Date shall be the next preceding Euro-Currency
Business Day.
and
(ii)
changing the definition of "Termination Date" to read as follows:
"Termination
Date"
means
with respect to any Lender (i) December 23, 2010 or (ii) such later day to
which
the Termination Date may be extended with respect to such Lender pursuant to
Section 2.01(c) or 11.05, but in each case if such day is not a Euro-Currency
Business Day, then the Termination Date shall be the next succeeding
Euro-Currency Business Day unless such Euro-Currency Business Day falls in
another calendar month, in which case the Termination Date shall be the next
preceding Euro-Currency Business Day.
(b) Section
2.16 is amended by replacing the term "Termination Date" each time it appears
therein with the term "Letter of Credit Termination Date."
Section
3.
Representations
of Borrower.
The
Company represents and warrants that on and as of the date hereof (i) the
representations and warranties of the Company set forth in Article 4 of the
Agreement are true and (ii) no Default has occurred and is continuing on such
date.
Section
4.
Governing
Law.
This
Amendment shall be governed by and construed in accordance with the laws of
the
State of New York.
Section
5.
Counterparts.
This
Amendment may be signed in any number of counterparts, each of which shall
be an
original, with the same effect as if the signatures thereto and hereto were
upon
the same instrument.
Section
6.
Effectiveness. This
Amendment shall become effective when the Administrative Agent shall have
received from each of the Company and the Required Lenders a counterpart hereof
signed by such party or facsimile or other written confirmation (in form
satisfactory to the Administrative Agent) that such party has signed a
counterpart hereof; provided
that the
extension of the Termination Date pursuant to Section 2(a)(ii) above shall
not
be effective as to, and the Termination Date shall remain December 23, 2009
with
respect to, the Commitment of any Lender not signing counterpart
hereof.
IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective authorized officers as of the date first above
written.
PRAXAIR,
INC.
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By:
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Name:
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Title:
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JPMORGAN
CHASE BANK, N.A., as Administrative Agent and Lender
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By:
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Name:
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Title:
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Bank
of America N.A.
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By:
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Name:
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Title:
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CITIBANK,
N.A.
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By:
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Name:
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Title:
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CREDIT
SUISSE, CAYMAN ISLANDS BRANCH (formerly known as, Credit Suisse
First
Boston, Acting Through Its Cayman Islands Branch)
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By:
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Name:
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Title:
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ABN
AMRO Bank N.V.
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By:
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Name:
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Title:
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Mellon
Bank, N.A.
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By:
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Name:
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Title:
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Bank
of Tokyo-Mitsubishi UFJ Trust Company
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By:
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Name:
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Title:
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DEUTSCHE
BANK AG NEW YORK BRANCH
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By:
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Name:
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Title:
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HSBC
BANK USA, NATIONAL ASSOCIATION
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By:
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Name:
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Title:
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XXXXXXX
XXXXX BANK USA
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By:
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Name:
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Title:
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BANCO
SANTANDER CENTRAL HISPANO, S.A., NEW YORK BRANCH
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By:
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Name:
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Title:
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BANCO
BILBAO VIZCAYA ARGENTARIA S.A.
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By:
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Name:
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Title:
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SOCIETE
GENERALE
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By:
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Name:
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Title:
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