AMENDMENT NO. 2 TO 364-DAY REVOLVING CREDIT AGREEMENT This Amendment No. 2 to 364-Day Revolving Credit Agreement ("Amendment") is made and entered into as of this 1st day of January, 1999, by and among The Sherwin-Williams Company ("Company"), whose...
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EXHIBIT 4(c)
AMENDMENT NO. 2
TO
364-DAY REVOLVING CREDIT AGREEMENT
This Amendment No. 2 to 364-Day Revolving Credit Agreement
("Amendment") is made and entered into as of this 1st day of January, 1999, by
and among The Xxxxxxx-Xxxxxxxx Company ("Company"), whose principal place of
business is located at 000 Xxxxxxxx Xxxxxx, X.X., Xxxxxxxxx, Xxxx 00000, Texas
Commerce Bank National Association ("TCB"), as Administrative Agent, The Chase
Manhattan Bank ("Chase"), as the Competitive Advance Facility Agent, and the
financial institutions listed on Schedule A hereto together with each of their
successors and assigns (collectively referred to as the "Lenders" and
individually a "Lender").
W I T N E S S E T H:
--------------------
WHEREAS, the Company, TCB, Chase, the Lenders and/or certain other
financial institutions entered into that certain 364-Day Revolving Credit
Agreement, dated January 3, 1997 ("Agreement"), pursuant to which the Lenders
and/or certain other financial institutions agreed, on the terms and subject to
the conditions contained therein, to make available to the Company the principal
amount of Two Hundred Ninety Million Dollars ($290,000,000) to be used by the
Company as provided in the Agreement; and
WHEREAS, the Agreement was amended ("Amended Agreement") on March 31,
1997; and
WHEREAS, Company has been notified by the following financial
institutions that were "Lenders" under the Amended Agreement that their
Commitments shall terminate effective January 1, 1999: (i) The Fuji Bank
Limited, (ii) The First National Bank of Boston and (iii) The Long-Term Credit
Bank of Japan, Ltd.; and
WHEREAS, the Company, TCB, Chase and the Lenders desire to amend the
Amended Agreement to: (i) reduce the aggregate Commitments of the Lenders, and
the aggregate principal amount of the Facility, to an amount not to exceed One
Hundred Forty Seven Million Two Hundred Thousand and 00/100 Dollars
($147,200,000), (ii) increase or decrease, as the case may be, the Commitments
of the Lenders as provided on attached Schedule A, (iii) accept the election of
The Fuji Bank Limited, The First National Bank of Boston and The Long-Term
Credit Bank of Japan, Ltd. to withdraw as Lenders from the Facility effective
January 1, 1999, (iv) add Fifth Third Bank as a Lender, and (v) revise the list
of Lenders.
NOW, THEREFORE, in consideration of the mutual promises contained
herein the parties agree as follows:
1. All capitalized terms used in this Amendment but not otherwise defined
herein shall have the meanings prescribed such terms in the Agreement.
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2. The Commitments and Percentages set forth on Schedule A to the Amended
Agreement shall be deleted and the Commitments and Percentages set
forth on Schedule A hereto shall be substituted in lieu thereof.
3. Fifth Third Bank shall be added to the Facility as a Lender.
4. The aggregate amount of the Commitments, and the aggregate amount of
the Facility, shall not exceed One Hundred Forty Seven Million Two
Hundred Thousand and 00/100 Dollars ($147,200,000) unless otherwise
agreed to by the parties.
5. The Company represents to each of TCB, Chase and the Lenders that there
are no Loans outstanding under the Facility as of the date hereof.
6. This Amendment may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when
so executed and delivered shall be deemed to be an original and when
taken together shall constitute one and the same agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
of the date indicated above.
THE XXXXXXX-XXXXXXXX COMPANY
By: /s/
-----------------------------
XXXXXXX X. XXXXXX
Title: VICE PRESIDENT AND ASSISTANT
TREASURER
The signature pages of each of TCB, Chase and the Lenders are attached hereto.
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SCHEDULE A/364-DAY
AMOUNT OF PERCENTAGE OF TERMINATION
INSTITUTION COMMITMENT COMMITMENT DATE
----------- ---------- ------------- -----------
Chase Bank of Texas, N.A. $10,000,000.00 6.79% 12/31/99
First Union National Bank of North Carolina $10,000,000.00 6.79% 12/31/99
Bank of New York $10,000,000.00 6.79% 12/31/99
Bank of America $10,000,000.00 6.79% 12/31/99
Key Bank N.A. $10,000,000.00 6.79% 12/31/99
Bank One Corporation $10,000,000.00 6.79% 12/31/99
National City Bank $10,000,000.00 6.79% 12/31/99
Suntrust Bank, Atlanta $10,000,000.00 6.79% 12/31/99
ABN Amro Bank N.V. $10,000,000.00 6.79% 12/31/99
The Bank of Nova Scotia $ 7,600,000.00 5.16% 12/31/99
Royal Bank of Canada $ 7,600,000.00 5.16% 12/31/99
Wachovia Bank $ 7,600,000.00 5.16% 12/31/99
Xxxxx Fargo Bank $ 7,600,000.00 5.16% 12/31/99
PNC Bank, N.A. $ 7,600,000.00 5.16% 12/31/99
Bank of Tokyo-Mitsubishi $ 4,800,000.00 3.26% 12/31/99
Banca Commerciale Italiana $ 4,800,000.00 3.26% 12/31/99
Fifth Third Bank $ 4,800,000.00 3.26% 12/31/99
Mellon Bank, N.A. $ 4,800,000.00 3.26% 12/31/99
Total $147,200,000.00 100%
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The Chase Manhattan Bank,
as the Competitive Advance Facility Agent
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
Date:
----------------------------------------
The Chase Manhattan Bank
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
Date:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$4,800,000 3.26%
The Bank of Tokyo-Mitsubishi, Ltd.
Chicago Branch
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
Date:
----------------------------------------
The Bank of Tokyo-Mitsubishi, Ltd.
Chicago Branch
000 X. Xxxxxx Xx., Xxxxx 0000
Xxxxxxx, XX 00000
Telephone:
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Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$4,800,000 3.26%
Banca Commerciale Italiana
Chicago Branch
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
Banca Commerciale Italiana
Chicago Branch
000 X. Xxxxxxxx Xxx., Xxxxx 0000
Xxxxxxx, XX 00000
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$10,000,000 6.79%
Chase Bank of Texas, N.A.
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
Chase Bank of Texas, N.A.
000 Xxxxxx Xxxxxx
Xxxxxxx, XX 00000
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$4,800,000 3.26%
Fifth Third Bank hereby agrees to each of the terms and conditions of that
certain 364-Day Revolving Credit Agreement ("Agreement") dated as of January 3,
1997 as amended on March 31, 1997 and January 3, 1999, by and among The
Xxxxxxx-Xxxxxxxx Company ("Company"), whose principal place of business is
located at 000 Xxxxxxxx Xxxxxx, X.X., Xxxxxxxxx, Xxxx 00000, Texas Commerce Bank
National Association, as Administrative Agent, The Chase Manhattan Bank as the
Competitive Advance Facility Agent, and the financial institutions listed on
Schedule A to that certain amendment to the Agreement dated January 3, 1999, a
copy of which has been delivered by the Company to Fifth Third Bank.
Fifth Third Bank
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$7,600,000 5.16%
PNC Bank N.A.
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$10,000,000 6.79%
First Union National Bank of North Carolina
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
First Union National Bank of North Carolina
000 Xxxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$10,000,000 6.79%
National City Bank
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
National City Bank
0000 X. Xxxxx Xxxxxx
Xxxxxxxxx, XX 00000-0000
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$7,600,000 5.16%
Wachovia Bank of Georgia, N.A.
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
Wachovia Bank of Georgia, N.A.
000 Xxxxxxxxx Xx., X.X.
Xxxxxxx, XX 00000
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$10,000,000 6.79%
The First National Bank of Chicago
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$10,000,000 6.79%
The Bank of New York
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
The Bank of New York
Xxx Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$10,000,000 6.79%
SunTrust Bank, Atlanta
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
SunTrust Bank, Atlanta
00 Xxxx Xxxxx
Xxxxxxx, XX 00000
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$4,800,000 3.26%
Mellon Bank, N.A.
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
Mellon Bank, N.A.
Xxx Xxxxxx Xxxx Xxxxxx
Xxxxxxxxxx, XX 00000-0000
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$7,600,000 5.16%
The Bank of Nova Scotia
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
The Bank of Nova Scotia
000 Xxxxxxxxx Xxxxxx XX., Xxxxx 0000
Xxxxxxx, XX 00000
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$7,600,000 5.16%
Xxxxx Fargo Bank, N.A.
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
Xxxxx Fargo Bank, N.A.
000 Xxxxxxxx Xxxx., 00xx Xxxxx
Xxx Xxxxxxx, XX 00000
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$10,000,000 6.79%
ABN AMRO Bank N.V.
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
ABN Amro Bank N.V.
Xxx XXX Xxxxx, Xxxxx 0000
Xxxxxxxxxx, XX 00000-0000
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$10,000,000 6.79%
KeyBank National Association
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
KeyBank National Association
000 Xxxxxx Xxxxxx
Mail Code: OH 01-27-0606
Xxxxxxxxx, XX 00000-0000
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$10,000,000 6.79%
Nationsbank, N.A.
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$7,600,000 5.16%
Royal Bank of Canada
By: /s/
------------------------------------------
Name:
----------------------------------------
Title:
---------------------------------------
Royal Bank of Canada
0 Xxxxxxx Xxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000-0000
Telephone:
-----------------------------------
Facsimile:
-----------------------------------
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