AMENDMENT NO. 2 TO FIVE YEAR REVOLVING CREDIT AGREEMENT This Amendment No. 2 to Five Year Revolving Credit Agreement ("Amendment") is made and entered into as of the 3rd day of January, 1999, by and among The Sherwin-Williams Company ("Company"),...
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EXHIBIT 4(e)
AMENDMENT NO. 2
TO
FIVE YEAR REVOLVING CREDIT AGREEMENT
This Amendment No. 2 to Five Year Revolving Credit Agreement
("Amendment") is made and entered into as of the 3rd 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 certain other
financial institutions entered into that certain Five Year 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 One Billion One Hundred Sixty Million Dollars ($1,160,000,000) 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 timely notified the following financial
institutions that were "Lenders" under the Agreement that their Commitments have
been terminated effective January 3, 1999: (i) The Fuji Bank Limited, (ii) The
Long-Term Credit Bank of Japan, Ltd., (iii) the Bank of Montreal and (iv) CIBC,
Inc.
WHEREAS, the Company, TCB, Chase and the Lenders desire to amend the
Amended Agreement to: (i) reduce the aggregate Commitments of the Participants,
and the aggregate principal amount of the Facility, to an amount not to exceed
Six Hundred Twelve Million Eight Hundred Thousand and 00/100 Dollars
($612,800,000), (ii) increase or decrease, as the case may be, the Commitments
of certain of the Lenders as provided on attached Schedule A, (iii) reflect that
the Commitments of The Fuji Bank Limited, The Long-Term Credit Bank of Japan,
Ltd., the Bank of Montreal and CIBC, Inc. shall terminate effective January 3,
1999, (iv) add Fifth Third Bank as a Lender, and (v) revise the list of Lenders.
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NOW, THEREFORE, in consideration of the mutual promises contained
herein the parties agree as follows:
1. All capitalized terms used in this Amendment and not otherwise defined
herein shall have the meanings prescribed such terms in the Agreement.
2. The Commitments and Percentages set forth on Schedule A attached to the
Amended Agreement shall be deleted and the Commitments and Percentages
set forth on Schedule A attached hereto shall be substituted in lieu
thereof.
3. Effective January 3, 1999, 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 Six Hundred Twelve Million Eight Hundred
Thousand and 00/100 Dollars ($612,800,000) 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
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SCHEDULE A/5-YEAR
AMOUNT OF PERCENTAGE OF TERMINATION
INSTITUTION COMMITMENT COMMITMENT DATE
----------- ------------ ------------- ----------
Chase Bank of Texas, N.A. $40,000,000.00 6.53% 01/03/2004
First Union National Bank of North Carolina $40,000,000.00 6.53% 01/03/2004
Bank of New York $40,000,000.00 6.53% 01/03/2004
Bank of America $40,000,000.00 6.53% 01/03/2004
Key Bank N.A. $40,000,000.00 6.53% 01/03/2004
Bank One Corporation $40,000,000.00 6.53% 01/03/2004
National City Bank $40,000,000.00 6.53% 01/03/2004
Suntrust Bank, Atlanta $40,000,000.00 6.53% 01/03/2004
ABN Amro Bank N.V. $40,000,000.00 6.53% 01/03/2004
Royal Bank of Canada $30,400,000.00 4.96% 01/03/2004
Wachovia Bank $30,400,000.00 4.96% 01/03/2004
Xxxxx Fargo Bank $30,400,000.00 4.96% 01/03/2004
Banca Commerciale Italiana $19,200,000.00 3.13% 01/03/2004
Fifth Third Bank $19,200,000.00 3.13% 01/03/2004
Mellon Bank, N.A. $19,200,000.00 3.13% 01/03/2004
The Bank of Nova Scotia $30,400,000.00 4.96% 01/03/2003
PNC Bank, N.A. $30,400,000.00 4.96% 01/03/2003
The First National Bank of Boston $24,000,000.00 3.92% 01/03/2003
Bank of Tokyo-Mitsubishi $19,200,000.00 3.13% 01/03/2003
Total $612,800,000.00 100%
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The Chase Manhattan Bank,
as the Competitive Advance Facility Agent
By: /s/
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Name:
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Title:
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Date:
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The Chase Manhattan Bank
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Telephone:
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Facsimile:
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Date:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$19,200,000 3.13%
The Bank of Tokyo-Mitsubishi, Ltd.
Chicago Branch
By: /s/
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Name:
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Title:
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Date:
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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
---------- -----------
$19,200,000 3.13%
Banca Commerciale Italiana
Chicago Branch
By: /s/
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Name:
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Title:
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By: /s/
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Name:
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Title:
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Banca Commerciale Italiana
Chicago Branch
000 X. Xxxxxxxx Xxx., Xxxxx 0000
Xxxxxxx, XX 00000
Telephone:
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Facsimile:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$40,000,000 6.53%
Chase Bank of Texas, N.A.
By: /s/
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Name:
-----------------------------------------------------
Title:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$19,200,000 3.13%
Fifth Third Bank hereby agrees to each of the terms and conditions of that
certain Five Year 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/
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Name:
--------------------------------------
Title:
-------------------------------------
Telephone:
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Facsimile:
---------------------------------
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Amount of Percentage of
Commitment Commitments
---------- -----------
$30,400,000 4.96%
PNC Bank, National Association
By: /s/
--------------------------------------------
Name:
------------------------------------------
Title:
-----------------------------------------
PNC Bank, National Association
000 Xxxxx Xxx., 0xx Xxxxx
Xxxxxxxxxx, XX 00000
Telephone:
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Facsimile:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$40,000,000 6.53%
First Union National Bank of North Carolina
By: /s/
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Name:
----------------------------------------
Title:
---------------------------------------
First Union National Bank of North Carolina
000 Xxxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
Telephone:
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Facsimile:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$40,000,000 6.53% National City Bank
By: /s/
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Name:
------------------------------------
Title:
-----------------------------------
National City Bank
0000 X. Xxxxx Xxxxxx
Xxxxxxxxx, XX 00000-0000
Telephone:
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Facsimile:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$30,400,000 4.96% Wachovia Bank of Georgia, N.A.
By: /s/
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Name:
------------------------------------
Title:
----------------------------------
Wachovia Bank of Georgia, N.A.
000 Xxxxxxxxx Xx., X.X.
Xxxxxxx, XX 00000
Telephone:
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Facsimile:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$40,000,000 6.53% The First National Bank of Chicago
By: /s/
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Name:
------------------------------------
Title:
----------------------------------
Telephone:
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Facsimile:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$40,000,000 6.53% The Bank of New York
By: /s/
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Name:
------------------------------------
Title:
-----------------------------------
The Bank of New York
Xxx Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Telephone:
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Facsimile:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$24,000,000 3.92% Bank Boston, N.A.
By: /s/
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Name:
------------------------------------
Title:
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Bank Boston, N.A.
000 Xxxxxxx Xxxxxx, 00-00-00
Xxxxxx, XX 00000
Telephone:
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Facsimile:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$40,000,000 6.539% SunTrust Bank, Atlanta
By: /s/
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Name:
------------------------------------
Title:
-----------------------------------
SunTrust Bank, Atlanta
00 Xxxx Xxxxx
Xxxxxxx, XX 00000
Telephone:
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Facsimile:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$19,200,000 3.13% Mellon Bank, N.A.
By: /s/
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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
---------- -----------
$30,400,000 4.96% The Bank of Nova Scotia
By: /s/
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Name:
------------------------------------
Title:
----------------------------------
The Bank of Nova Scotia
000 Xxxxxxxxx Xxxxxx XX., Xxxxx 0000
Xxxxxxx, XX 00000
Telephone:
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Facsimile:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$30,400,000 4.96% Xxxxx Fargo Bank, N.A.
By: /s/
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Name:
------------------------------------
Title:
-----------------------------------
Xxxxx Fargo Bank, N.A.
000 Xxxxxxxx Xxxx., 00xx Xxxxx
Xxx Xxxxxxx, XX 00000
Telephone:
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Facsimile:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$40,000,000 6.53% ABN AMRO Bank N.V.
By: /s/
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Name:
------------------------------------
Title:
-----------------------------------
ABN Amro Bank N.V.
Xxx XXX Xxxxx, Xxxxx 0000
Xxxxxxxxxx, XX 00000-0000
Telephone:
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Facsimile:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$40,000,000 6.53% KeyBank National Association
By: /s/
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Name:
------------------------------------
Title:
-----------------------------------
KeyBank National Association
000 Xxxxxx Xxxxxx
Mail Code: OH 01-27-0606
Xxxxxxxxx, XX 00000-0000
Telephone:
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Facsimile:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$40,000,000 6.53% Nationsbank, N.A.
By: /s/
--------------------------------------
Name:
------------------------------------
Title:
----------------------------------
Telephone:
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Facsimile:
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Amount of Percentage of
Commitment Commitments
---------- -----------
$30,400,000 4.96% Royal Bank of Canada
By: /s/
--------------------------------------
Name:
------------------------------------
Title:
----------------------------------
Royal Bank of Canada
0 Xxxxxxx Xxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000-0000
Telephone:
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Facsimile:
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