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Exhibit 10.15(c)
September 28, 1999
The Chase Manhattan Bank,
c/o Loan and Agency Services Group
One Chase Xxxxxxxxx Xxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Attention: Xxxxxxxxx Xxxxxx
Fax#: 000-000-0000
Dear Xx. Xxxxxx:
Reference is made to Section 2.08(c) of the Credit Agreement dated as of
March 6, 1997 (as amended and in effect on the date hereof, the "Credit
Agreement"), among the undersigned, as Borrower, the Lenders named therein and
The Chase Manhattan Bank, as Administrative Agent. Terms defined in the Credit
Agreement are used herein with the same meanings.
This notice constitutes a reduction and termination of the Commitments under
the Credit Agreement, from $100,000,000 USD to $0 USD effective October 1,
1999. This reduction and termination notice is conditioned upon the closing and
funding of the credit facility on October 1, 1999, among the undersigned, as
Borrower, and Bank One, NA, as Administrative Agent, and the Lenders referenced
therein.
(A) Current Commitments /: $100,000,000.00
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(B) Reduction and Termination, effective 10/1/99:/ ($100,000,000.00)
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(C) Total Commitments, effective 10/1/199 /: $0.00
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Very truly yours,
Chicago Bridge & Iron Company N.V.
By: Chicago Bridge & Iron Company B.V.
Its: Managing Director
By: /s/ Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
Title: Managing Director