FIRST AMENDMENT TO THE CREDIT AGREEMENT
FIRST AMENDMENT TO THE CREDIT AGREEMENT (this "Amendment"),
dated as of December 16, 1996, among USI AMERICAN HOLDINGS, INC., a Delaware
corporation (the "Company"), USI FUNDING, INC., a Delaware corporation ("USI
Funding," and together with the Company, each a "Borrower," and collectively the
"Borrowers"), U.S. INDUSTRIES, INC., a Delaware corporation (the "Parent"), BANK
OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION, as Bank (in such capacity the
"Existing Bank"), as Issuing Bank and Swingline Bank, and as Agent (in such
capacity the "Agent") and each of the lenders listed on Schedule A hereto (the
"New Banks"). All capitalized terms used herein and not otherwise defined shall
have the respective meanings provided such terms in the Credit Agreement
referred to below.
RECITALS
The Borrowers, the Parent, the Existing Bank, the Issuing
Bank and Swingline Bank, and the Agent are parties to a Credit Agreement dated
as of December 12, 1996 (the "Credit Agreement"); and
WHEREAS, the parties hereto wish to amend the Credit
Agreement as herein provided;
ARTICLE I.
AGREEMENT
1.01 The Existing Bank hereby sells and assigns to each of the
New Banks without recourse and without representation or warranty (other than as
expressly provided herein), and each New Bank hereby purchases and assumes from
the Existing Bank, that interest in and to each of the Existing Bank's rights
and obligations under the Credit Agreement as of the date hereof which in the
aggregate represents such New Bank's pro rata share (for each such New Bank, its
"Pro Rata Share") as set forth on Schedule B hereto (calculated after giving
effect to this Amendment), and such Pro Rata Share represents all of the
outstanding rights and obligations under the Credit Agreement that are being
sold and assigned to each New Bank, including, without limitation all rights and
obligations with respect to such New Bank's Pro Rata Share of the Aggregate
Commitment, including all such rights and obligations with respect to such New
Bank's Pro Rata Share of outstanding Committed Loans, Swingline Loans and
Letters of Credit. After giving effect to this Amendment, the Existing Bank's
and New Banks' Commitments will be as set forth on Schedule C hereto.
1.02 On and after the First Amendment Effective Date (as
hereinafter defined), Schedule 1.01(a) to the Credit Agreement shall be amended
by deleting Schedule
-1-
1.01(a) thereto in its entirety and by inserting in lieu thereof a new Schedule
1.01(a) in the form of Schedule D hereto. For purposes of Section 12.02 of the
Credit Agreement, the address of each Bank shall be as set forth on Schedule D
hereto, or at such other address as such Bank may hereafter notify the Agent in
accordance with Section 12.10 of the Credit Agreement.
1.03 Each of the Banks (i) agrees that it will, independently
and without reliance upon Bank of America National Trust and Savings Association
as Agent or Existing Bank and based on such documents and information as it
shall deem appropriate at the time, continue to make its own credit decisions in
taking or not taking action under the Credit Agreement; (ii) appoints and
authorizes the Agent to take such action as agent on its behalf and to exercise
such powers under the Credit Agreement and the other Loan Documents as are
delegated to the Agent by the terms thereof, together with such powers as are
reasonably incidental thereto and (iii) agrees that it will perform in
accordance with their terms all of the obligations which by the terms of the
Credit Agreement are required to be performed by it as a Bank.
1.04 The Existing Bank and each of the New Banks hereby agrees
that all amounts accrued with respect to the Commitments, the Loans or the
Letters of Credit prior to the delivery by such New Bank of the amount referred
to in clause (ii) of Section 3.01 of this Amendment shall be for the account of
the Existing Bank and that all such amounts accrued after the delivery of such
amounts referred to in clause (ii) of such Section 3.01 shall be for the account
of such New Bank based upon its Pro Rata Share.
1.05 In accordance with Section 12.07(a) of the Credit
Agreement, on and as of the date upon which each of the New Banks delivers the
amounts referred to in clause (ii) of Section 3.01 of this Amendment, each New
Bank shall become a "Bank" under, and for all purposes of, the Credit Agreement
and the other Loan Documents.
ARTICLE II.
REPRESENTATIONS AND WARRANTIES
2.01 The Existing Bank (i) represents and warrants that it is
the legal and beneficial owner of the interest being sold and assigned by it
hereunder and that such interest is free and clear of any adverse claim; (ii)
makes no representation or warranty and assumes no responsibility with respect
to any statements, warranties or representations made in or in connection with
the Credit Agreement or the other Loan Documents or the execution, legality,
validity, enforceability, genuineness, sufficiency or value of the Credit
Agreement or the other Loan Documents or any other instrument or document
furnished pursuant thereto; and (iii) makes no representation or warranty and
assumes no responsibility with respect to the financial condition of the
Borrowers, the Parent or any of their Subsidiaries
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or the performance or observance by any of the parties to the Credit Agreement
or the other Loan Documents of any of such parties' obligations thereunder or
under any other instrument or document furnished pursuant thereto.
2.02 Each of the New Banks (i) represents and warrants that it
has received a copy of the Credit Agreement and the other Loan Documents,
together with copies of the financial statements referred to therein and such
other documents and information as it has deemed appropriate to make its own
credit analysis and decision to enter into this Amendment; (ii) represents and
warrants that it is an Eligible Assignee under Section 12.07(a) of the Credit
Agreement.
ARTICLE III.
CONDITIONS PRECEDENT
3.01 Subject to Section 3.02 of this Amendment, this Amendment
shall become effective on the date (the "First Amendment Effective Date") when
(i) each Borrower, the Parent, the Existing Bank and each New Bank shall have
signed a counterpart hereof (whether the same or different counterparts) and
shall have delivered (including by way of facsimile transmission) the same to
the Agent in accordance with Section 12.02(a) of the Credit Agreement and (ii)
each New Bank shall have delivered to the Agent, for the account of the Existing
Bank an amount equal to such New Bank's relevant Pro Rata Share of the
outstanding Committed Loans.
3.02 Notwithstanding Section 3.01 of this Amendment, if for
any reason any New Bank shall not have (i) signed a counterpart hereof and
delivered the same to the Agent in accordance with Section 12.02(a) of the
Credit Agreement and (ii) delivered to the Agent an amount equal to such New
Bank's Pro Rata Share of the outstanding Committed Loans, in each case on or
prior to 5:00 p.m. New York time on December 19, 1996, then, if the Existing
Bank agrees, this Amendment shall become effective notwithstanding such failure,
provided that (x) Schedules A, B, C and D hereto shall be modified to delete any
such New Bank, and such New Bank's relevant Pro Rata Share shall be reallocated
to the Existing Bank and (y) the signature pages of this Amendment shall be
deemed revised to delete such New Bank's name therefrom.
-3-
ARTICLE IV.
AMENDMENTS TO THE CREDIT AGREEMENT
4.01 The definition of Interest Period appearing in the Credit
Agreement is hereby amended by deleting the text "one month" and inserting the
text "three months" in lieu thereof.
4.02 The definition of LIBOR appearing in the Credit Agreement
is deleted in its entirety and the following new definition of "LIBOR" is
inserted in lieu thereof:
"LIBOR" means, for each Interest Period for
Eurodollar Loans comprising the same Borrowing, the rate of interest
per annum determined by the Agent to be the arithmetic mean (rounded
upward to the nearest whole multiple of 1/16th%) of the rates of
interest per annum notified to the Agent by each Reference Bank as the
rate at which Dollar deposits for such Interest Period would be
offered, or in the case of a Non-Standard Interest Period that is
greater than one month the rate at which Dollar deposits for a
three-month Interest Period would be offered, or in the case of a
Non-Standard Interest Period that is less than one-month, the rate at
which Dollar deposits for a one-month Interest Period would be offered,
and in an amount approximately equal to the amount of the Eurodollar
Loan of such Reference Bank during such Interest Period would be
offered by its Eurodollar Lending office to major banks in the London
interbank market at or about 11:00 a.m. (London time) on the Second
Business Day prior to the commencement of such Interest Period."
4.03 The definition of Material Subsidiary appearing in the
Credit Agreement is hereby amended by inserting the text ",provided, that USI
Funding shall in any event constitute a Material Subsidiary of the Parent"
immediately following the text "and its consolidated Subsidiaries" appearing
therein.
4.04 Section 8.04(c) of the Credit Agreement is hereby amended
by deleting the text "and" the first time it appears therein.
4.05 Section 8.04(f) of the Credit Agreement is hereby amended
by (1) inserting the text "and" immediately preceding clause (y) thereof and (2)
deleting the text "$5,000,000 and (z) other letters of credit, so long as the
sum of undrawn face amounts and reimbursement obligations under this clause z
shall not exceed $50,000,000" and inserting the text "$55,000,000" in lieu
thereof.
-4-
4.06 Section 8.04(g) of the Credit Agreement is hereby amended
by inserting the text "in an aggregate principal amount of $125,000,000"
immediately following the text "under the Senior Notes" appearing therein.
4.07 Section 12.01(a)(ii) of the Credit Agreement is hereby
amended by deleting the second parenthetical in its entirety and inserting the
new parenthetical "(pursuant to Section 2.19 or otherwise)" in lieu thereof.
4.08 Section 12.07 of the Credit Agreement is hereby amended
by inserting the text "or the then remaining commitment of such Bank"
immediately following the number "$5,000,000" appearing therein.
ARTICLE V
MISCELLANEOUS
5.01 THIS AMENDMENT IS LIMITED AS SPECIFIED AND SHALL NOT
CONSTITUTE A MODIFICATION, ACCEPTANCE OR WAIVER OF ANY OTHER PROVISION OF THE
CREDIT AGREEMENT OR ANY other Loan Document.
5.02 This Amendment may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which counterparts when executed and delivered shall be an original, but all
of which shall together constitute one and the same instrument. A complete set
of counterparts shall be lodged with each Borrower, the Issuing Bank and
Swingline Bank and the Agent.
5.03 THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW
OF THE STATE OF NEW YORK.
5.04 From and after the First Amendment Effective Date, all
references in the Credit Agreement and each of the Loan Documents to the Credit
Agreement shall be deemed to be references to such Credit Agreement as amended
hereby.
-5-
IN WITNESS WHEREOF, each of the parties hereto has caused a
counterpart of this Amendment to be duly executed and delivered as of the date
first above written.
USI AMERICAN HOLDINGS, INC.
By /s/ Xxxxxx X. Xxxxx
----------------------------
Title: Vice President
USI FUNDING, INC.
By /s/ Xxxxxx X. Xxxxx
----------------------------
Title: Vice President
U.S. INDUSTRIES, INC.
By /s/ Xxxxxx X. Xxxxx
----------------------------
Title: Vice President
BANK OF AMERICA NATIONAL TRUST
AND SAVINGS ASSOCIATION, as
Agent
By /s/ Xxxxx X. Xxxxxxxxx
-----------------------------
Title: Managing Director
BANK OF AMERICA NATIONAL TRUST
AND SAVINGS ASSOCIATION,
as Issuing Bank
By /s/ Xxxxx X. Xxxxxxxxx
-----------------------------
Title: Managing Director
BANK OF AMERICA NATIONAL TRUST
AND SAVINGS ASSOCIATION,
as Swingline Bank
By /s/ Xxxxx X. Xxxxxxxxx
-----------------------------
Title: Managing Director
BANK OF AMERICA NATIONAL TRUST
AND SAVINGS ASSOCIATION,
as Bank
By /s/ Xxxxx X. Xxxxxxxxx
-----------------------------
Title: Managing Director
BA SECURITIES, INC.
as Arranger
By /s/ Xxxxx Xxxxxxx
-----------------------------
Title: Managing Director
ABN AMRO BANK, N.V.
By /s/ Xxxxx Xxxxx
-----------------------------
Title: C.B.O.
By /s/ Xxxxx X. Xxxxxxx
-----------------------------
Title: Vice President
BANCA NAZIONALE DEL LAVORO SPA,
NEW YORK BRANCH
By /s/ Xxxxxxxx Xxxxxxxx
------------------------------
Title: First Vice President
By /s/ Xxxxxx Xxxxxxx
------------------------------
Title: Vice President
BANK OF NEW YORK
By /s/ Xxxxxx X. Xxxxxxx
------------------------------
Title: Assistant Vice President
THE BANK OF NOVA SCOTIA
By /s/ Xxxxx Xxxxx
------------------------------
Title: Sr. Relationship Manager
BANK OF TOKYO-MITSUBISHI TRUST
COMPANY
By /s/ Xxxxxxx X. Xxxxx
------------------------------
Title: Vice President
BANKERS TRUST COMPANY
By /s/ X.X. Xxxxxx
------------------------------
Title: Vice President
BANQUE PARIBAS
By /s/ Xxx X. Xxxxx
------------------------------
Title: Vice President
By /s/ Xxxxx X. Xxxxxxxxx
------------------------------
Title: Assistant Vice President
THE CHASE MANHATTAN BANK
By /s/ Xxxxx X. Xxxxxxxx
------------------------------
Title: Vice President
CIBC, INC.
By /s/ Xxxxxxx X. Xxxxx
------------------------------
Title: Authorized Signatory
CITIBANK, N.A.
By /s/ Xxxxxxx X. Xxxxxxx
------------------------------
Title: Attorney-in-Fact
CREDIT LYONNAIS NEW YORK
BRANCH
By /s/ Xxx Xxxxx
------------------------------
Title: Vice President
THE DAI-ICHI KANGYO BANK, LIMITED
By /s/ Xxxxxx Xxxxxxxx
------------------------------
Title: Vice President & Group Leader
DEUTSCHE BANK AG, NEW YORK
BRANCH AND/OR CAYMAN ISLANDS
BRANCH
By /s/ Xxxxxxx X. Xxxxxxxxx
------------------------------
Title: Vice President
By /s/ Xxxxxx X. Xxxxx
------------------------------
Title: Assistant Vice President
THE FIRST NATIONAL BANK
OF CHICAGO
By /s/ Xxx X. Xxxx
------------------------------
Title: Assistant Vice President
FLEET NATIONAL BANK
By /s/ Xxxxxx X. Xxxxxx
------------------------------
Title: Vice President
THE FUJI BANK, LIMITED,
NEW YORK BRANCH
By /s/ Xxxxxxxx Xxxxxxxxx
------------------------------
Title: Vice President & Manager
MIDLAND BANK PLC, NEW YORK
BRANCH
By /s/ X. Xxxxxxx
------------------------------
Title: Authorized Signatory
THE INDUSTRIAL BANK OF JAPAN,
LIMITED, NEW YORK BRANCH
By /s/ Xxxx X. Xxxxxx
------------------------------
Title: Senior Vice President
LTCB TRUST COMPANY
By /s/ Noburo Kubota
------------------------------
Title: Senior Vice President
MELLON BANK, N.A.
By /s/ Xxxx Xxxx Xxxxxxx
------------------------------
Title: Assistant Vice President
XXXXXX GUARANTY TRUST
COMPANY OF NEW YORK
By /s/ Xxxx X. Xxxxxxx, Xx.
------------------------------
Title: Associate
NATIONAL WESTMINSTER BANK PLC
By /s/ Xxxx Xxxxxxxx
------------------------------
Title: Vice President
NATIONSBANK, N.A.
By /s/ Xxxxxx X. Xxxxx
------------------------------
Title: Senior Vice President
THE NIPPON CREDIT BANK, LTD.
By /s/ Xxxxxxxx Xxxxxxxx
------------------------------
Title: Senior Manager
PNC BANK, NATIONAL ASSOCIATION
By /s/ Xxxxxxx Xxxxxxx
------------------------------
Title: Vice President
ROYAL BANK OF CANADA
By /s/ Xxxx X. Xxxxxxxx
------------------------------
Title: Sr. Manager
THE ROYAL BANK OF SCOTLAND
PLC
By /s/ Xxxxxxx X. Xxxxxx
------------------------------
Title: Vice President & Deputy Manager
THE SANWA BANK, LIMITED,
NEW YORK BRANCH
By /s/ Xxxx-Xxxxxx Xxxxxxx
------------------------------
Title: Vice President
SOCIETE GENERALE
By /s/ Xxxxx X. Xxxxx
------------------------------
Title: Vice President
THE SUMITOMO BANK, LIMITED,
NEW YORK BRANCH
By /s/ Xxxxxxxxx Xxxxxxxx
------------------------------
Title: Joint General Manager
THE SUMITOMO TRUST & BANKING
CO., LTD, NEW YORK BRANCH
By /s/ Xxxxxxxx Xxxx
------------------------------
Title: Deputy General Manager
TORONTO-DOMINION (NEW YORK),
INC.
By /s/ Xxxxx X. Xxxxxx
------------------------------
Title: Vice President
SCHEDULE A
to
NEW BANKS
ABN AMRO BANK, N.V.
BANCA NAZIONALE DEL LAVORO SPA, NEW YORK BRANCH
THE BANK OF NEW YORK
THE BANK OF NOVA SCOTIA
BANK OF TOKYO-MITSUBISHI TRUST COMPANY
BANKERS TRUST COMPANY
BANQUE PARIBAS
THE CHASE MANHATTAN BANK
CIBC, INC.
CITIBANK, N.A.
CREDIT LYONNAIS NEW YORK BRANCH
THE DAI-ICHI KANGYO BANK, LIMITED
DEUTSCHE BANK AG, NEW YORK BRANCH AND/OR CAYMAN ISLANDS
BRANCH
THE FIRST NATIONAL BANK OF CHICAGO
FLEET NATIONAL BANK
THE FUJI BANK, LIMITED, NEW YORK BRANCH
THE INDUSTRIAL BANK OF JAPAN, LIMITED, NEW YORK BRANCH
SCHEDULE A
Page 2
LTCB TRUST COMPANY
MELLON BANK, N.A.
MIDLAND BANK PLC, NEW YORK BRANCH
MORGAN GUARANTY TRUST COMPANY OF NEW YORK
NATIONAL WESTMINSTER BANK PLC
NATIONSBANK, N.A.
THE NIPPON CREDIT BANK, LTD
PNC BANK, NATIONAL ASSOCIATION
THE XXXXX XXXX XX XXXXXXXX XXX
XXXXX XXXX XX XXXXXX
THE SANWA BANK, LIMITED, NEW YORK BRANCH
SOCIETE GENERALE
THE SUMITOMO BANK, LIMITED, NEW YORK BRANCH
THE SUMITOMO TRUST & BANKING CO., LTD, NEW YORK BRANCH
TORONTO-DOMINION (NEW YORK), INC.
SCHEDULE B
to
FIRST AMENDMENT
================================================================================
New Banks Pro Rata Share
--------------------------------------------------------------------------------
ABN AMRO BANK, N.V. 4.000000000%
--------------------------------------------------------------------------------
BANQUE PARIBAS 4.000000000%
--------------------------------------------------------------------------------
THE CHASE MANHATTAN BANK 4.000000000%
--------------------------------------------------------------------------------
CITIBANK, N.A. 4.000000000%
--------------------------------------------------------------------------------
THE INDUSTRIAL BANK OF JAPAN, LIMITED, 4.000000000%
NEW YORK BRANCH
--------------------------------------------------------------------------------
XXXXXX GUARANTY TRUST COMPANY OF NEW 4.000000000%
YORK
--------------------------------------------------------------------------------
NATIONAL WESTMINSTER BANK PLC 4.000000000%
--------------------------------------------------------------------------------
NATIONSBANK, N.A. 4.000000000%
--------------------------------------------------------------------------------
THE SUMITOMO BANK, LIMITED, 4.000000000%
NEW YORK BRANCH
--------------------------------------------------------------------------------
TORONTO-DOMINION (NEW YORK), INC. 4.000000000%
================================================================================
--------------------------------------------------------------------------------
THE BANK OF NEW YORK 2.666666667%
--------------------------------------------------------------------------------
THE BANK OF NOVA SCOTIA 2.000000000%
--------------------------------------------------------------------------------
BANK OF TOKYO-MITSUBISHI TRUST COMPANY 2.666666667%
--------------------------------------------------------------------------------
BANKERS TRUST COMPANY 2.666666667%
--------------------------------------------------------------------------------
CREDIT LYONNAIS NEW YORK BRANCH 2.666666667%
--------------------------------------------------------------------------------
THE FUJI BANK, LIMITED, NEW YORK BRANCH 2.666666667%
--------------------------------------------------------------------------------
LTCB TRUST COMPANY 2.666666667%
--------------------------------------------------------------------------------
MELLON BANK, N.A. 2.666666667%
SCHEDULE B
Page 2
--------------------------------------------------------------------------------
MIDLAND BANK PLC, NEW YORK BRANCH 2.666666667%
--------------------------------------------------------------------------------
PNC BANK, NATIONAL ASSOCIATION 2.666666667%
--------------------------------------------------------------------------------
ROYAL BANK OF CANADA 2.000000000%
--------------------------------------------------------------------------------
THE SANWA BANK, LIMITED, NEW YORK BRANCH 2.666666667%
--------------------------------------------------------------------------------
SOCIETE GENERALE 2.666666667%
--------------------------------------------------------------------------------
CIBC, INC. 2.333333333%
--------------------------------------------------------------------------------
THE DAI-ICHI KANGYO BANK, LIMITED 2.333333333%
--------------------------------------------------------------------------------
DEUTSCHE BANK AG, NEW YORK BRANCH AND/OR 2.333333333%
CAYMAN ISLANDS BRANCH
--------------------------------------------------------------------------------
THE FIRST NATIONAL BANK OF CHICAGO 2.333333333%
--------------------------------------------------------------------------------
FLEET NATIONAL BANK 2.333333333%
--------------------------------------------------------------------------------
THE NIPPON CREDIT BANK, LTD. 2.333333333%
--------------------------------------------------------------------------------
THE ROYAL BANK OF SCOTLAND PLC 2.333333333%
--------------------------------------------------------------------------------
THE SUMITOMO TRUST & BANKING CO., LTD, 2.333333333%
NEW YORK BRANCH
--------------------------------------------------------------------------------
BANCA NAZIONALE DEL LAVORO SPA, NEW YORK 1.333333333%
BRANCH
================================================================================
SCHEDULE C
to
FIRST AMENDMENT
================================================================================
New Banks Commitment
--------------------------------------------------------------------------------
ABN AMRO BANK, N.V. $30,000,000.00
--------------------------------------------------------------------------------
BANQUE PARIBAS $30,000,000.00
--------------------------------------------------------------------------------
THE CHASE MANHATTAN BANK $30,000,000.00
--------------------------------------------------------------------------------
CITIBANK, N.A. $30,000,000.00
--------------------------------------------------------------------------------
THE INDUSTRIAL BANK OF JAPAN, LIMITED, NEW $30,000,000.00
YORK BRANCH
--------------------------------------------------------------------------------
XXXXXX GUARANTY TRUST COMPANY OF NEW $30,000,000.00
YORK
--------------------------------------------------------------------------------
NATIONAL WESTMINSTER BANK PLC $30,000,000.00
--------------------------------------------------------------------------------
NATIONSBANK, N.A. $30,000,000.00
--------------------------------------------------------------------------------
THE SUMITOMO BANK, LIMITED, $30,000,000.00
NEW YORK BRANCH
--------------------------------------------------------------------------------
TORONTO-DOMINION (NEW YORK), INC. $30,000,000.00
--------------------------------------------------------------------------------
THE BANK OF NEW YORK $20,000,000.00
--------------------------------------------------------------------------------
THE BANK OF NOVA SCOTIA $20,000,000.00
--------------------------------------------------------------------------------
BANK OF TOKYO-MITSUBISHI TRUST COMPANY $20,000,000.00
--------------------------------------------------------------------------------
BANKERS TRUST COMPANY $20,000,000.00
--------------------------------------------------------------------------------
CREDIT LYONNAIS NEW YORK BRANCH $20,000,000.00
--------------------------------------------------------------------------------
THE FUJI BANK, LIMITED, NEW YORK BRANCH $20,000,000.00
--------------------------------------------------------------------------------
LTCB TRUST COMPANY $20,000,000.00
--------------------------------------------------------------------------------
MELLON BANK, N.A. $20,000,000.00
--------------------------------------------------------------------------------
MIDLAND BANK PLC, NEW YORK BRANCH $20,000,000.00
SCHEDULE C
Page 2
--------------------------------------------------------------------------------
PNC BANK, NATIONAL ASSOCIATION $20,000,000.00
--------------------------------------------------------------------------------
ROYAL BANK OF CANADA $20,000,000.00
--------------------------------------------------------------------------------
THE SANWA BANK, LIMITED, NEW YORK BRANCH $20,000,000.00
--------------------------------------------------------------------------------
SOCIETE GENERALE $20,000,000.00
--------------------------------------------------------------------------------
CIBC, INC. $17,500,000.00
--------------------------------------------------------------------------------
THE DAI-ICHI KANGYO BANK, LIMITED $17,500,000.00
--------------------------------------------------------------------------------
DEUTSCHE BANK AG, NEW YORK BRANCH AND/OR $17,500,000.00
CAYMAN ISLAND BRANCH
--------------------------------------------------------------------------------
THE FIRST NATIONAL BANK OF CHICAGO $17,500,000.00
--------------------------------------------------------------------------------
FLEET NATIONAL BANK $17,500,000.00
--------------------------------------------------------------------------------
THE NIPPON CREDIT BANK, LTD. $17,500,000.00
--------------------------------------------------------------------------------
THE ROYAL BANK OF SCOTLAND PLC $17,500,000.00
--------------------------------------------------------------------------------
THE SUMITOMO TRUST & BANKING CO., LTD, $17,500,000.00
NEW YORK BRANCH
--------------------------------------------------------------------------------
BANCA NAZIONALE DEL LAVORO SPA, NEW YORK $10,000,000.00
BRANCH
================================================================================
