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Exhibit 10(u)
AMENDMENT TO
MULTI-YEAR REVOLVING CREDIT AGREEMENT
This Amendment to Multi-Year Revolving Credit Agreement, dated as of
February 28, 1995 (this "Amendment"), is among TRW Inc., an Ohio corporation
(the "Company") and the financial institutions listed on the signature pages
hereof together with their successors or assigns (collectively, the "Banks" and
individually, a "Bank").
W I T N E S S E T H:
-------------------
WHEREAS, on July 1, 1992, the Company and the Banks entered into the
Three Year Revolving Credit Agreement (as it was then titled), which agreement
was amended on June 30, 1993 and on March 1, 1994 (the agreement as amended is
known hereinafter as the "Agreement"); and
WHEREAS, the Company and the Banks have agreed to make such changes to
the Agreement as are reflected in this Amendment;
NOW, THEREFORE, in consideration of the mutual agreements contained
herein, the parties hereto agree as follows:
SECTION 1 THE AMENDMENTS
1.1 AMENDMENT TO "APPLICABLE COMMITMENT FEE" DEFINITION. The
definition to "Applicable Commitment Fee" set forth in Section 13 shall be
amended to read in its entirety as follows:
"APPLICABLE COMMITMENT FEE" means the percentage in effect from
time to time as set forth in the following table opposite the highest
of the then-current rating assigned to the Company's senior unsecured
long-term debt by Moody's Investors Service, Inc. ("Moody's") or
Standard & Poor's Ratings Group ("S&P"):
Rating Applicable
(Moody's/S&P) Commitment Fee
------------- --------------
higher than A3/A- 0.100%
A3/A- 0.100%
Baa1/BBB+ 0.125%
Baa2/BBB 0.150%
Baa3/BBB- 0.200%
lower than Baa3/BBB- 0.325%
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1.2 AMENDMENT TO "APPLICABLE MARGIN" DEFINITION. The definition
to "Applicable Margin" set forth in Section 13 shall be amended to read in its
entirety as follows:
"APPLICABLE MARGIN" means, at any time, the percentage set forth in
the following table opposite the highest of the then-current rating
assigned to the Company's senior unsecured long-term debt by Moody's
or S&P:
Applicable Applicable
Margin for Margin for
Rating Domestic CD Eurocurrency
(Moody's/S&P) Loans Loans
-------------------------------------------------------------------------------
higher than A3/A- 0.325% 0.225%
A3/A- 0.350% 0.250%
Baa1/BBB+ 0.475% 0.375%
Baa2/BBB 0.600% 0.500%
Baa3/BBB- 0.750% 0.650%
lower than Baa3/BBB- 0.950% 0.850%
1.3 AMENDMENT TO "TERMINATION DATE" DEFINITION. The definition of
"Termination Date" set forth in Section 13 shall be amended to read in its
entirety as follows:
"TERMINATION DATE" means the earlier to occur of (a) February 28,
2000, subject to extension for one or more successive one-year periods
as to any Bank or Banks pursuant to Section 1.2, or (b) such other
date on which the Commitments shall terminate pursuant to Section
11.2.
SECTION 2 GENERAL.
2.1 REISSUANCE OF NOTES. In connection with the effectiveness of
this Amendment, the Company shall issue to each of the Banks Notes in the
principal amounts set forth next to such Bank's name in the signature blocks
below. Contemporaneously with the issuance of such Notes, the Notes dated
March 1, 1994 currently pertaining to the Agreement shall be deemed null and
void and each Bank shall cancel and return to the Company such Note pertaining
to the Agreement currently in such Bank's possession.
2.2 EFFECTIVENESS OF FEE CHANGES. All fee and interest rate
changes set forth in this Amendment shall be effective only on a prospective
basis from the date hereof.
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2.3 OTHER TERMS AND CONDITIONS. Unless amended hereby, all other
terms and conditions of the Agreement shall remain in full force and effect
without change.
2.4 GOVERNING LAW. This Amendment and each Note issued pursuant
hereto shall be a contract made under and governed by the internal laws of the
State of Ohio. Wherever possible each provision of this Amendment shall be
interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Amendment shall be prohibited by or invalid under
such law, such provision shall be ineffective to the extent of such prohibition
or invalidity, without invalidating the remainder of such provision or the
remaining provisions of this Amendment. All obligations of the Company and
rights of the Banks and any other holders of the Notes expressed herein or in
the Notes shall be in addition to and not in limitation of those provided by
applicable law.
2.5 COUNTERPARTS. This Amendment may be executed in any number of
counterparts and by the different parties on separate counterparts and each
such counterpart shall be deemed to be an original, but all such counterparts
shall together constitute but one and the same Amendment. When counterparts
executed by all the parties shall have been lodged with the Company (or, in the
case of any Bank as to which an executed counterpart shall not have been so
lodged, the Company shall have received telegraphic, telex, or other written
confirmation from such Bank of execution of a counterpart hereof by such Bank),
this Amendment shall become effective as of the date hereof.
2.6 CAPTIONS. Section captions used in this Amendment are for
convenience only, and shall not affect the construction of this Amendment.
Delivered at Cleveland, Ohio, as of the day and year first above written.
TRW INC.
By /s/ William C. Seeger Jr.
-------------------------
William C. Seeger Jr.
Vice President and Treasurer
1900 Richmond Road
Cleveland, Ohio 44124
Telephone 216/291-7540
Facsimile: 216/291-7831
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BANKS:
Amount of Percentage of
Commitment Commitments
---------- -----------
$44,000,000 8 % Bank of America National Trust
--- and Savings Association
By: /s/ Arlene S. Pedovitch
-----------------------
Name: Arlene S. Pedovitch
Title: Vice President
DOMESTIC OFFICE
Bank of America NT & SA
1850 Gateway Boulevard
Concord, California 94520
Telephone: _____________
Facsimile: _____________
EUROCURRENCY OFFICE
Bank of America NT & SA
1850 Gateway Boulevard
Concord, California 94520
Telephone: _____________
Facsimile: _____________
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: ____________
ABA Routing No.: ___________
Account No.: _______________
Account Name: _____________
Reference No.: _____________
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Amount of Percentage of
Commitment Commitments
---------- -----------
$44,000,000 8 % Barclays Bank PLC
---
By: /s/ Philip S. A. Capparis
-------------------------
Name: Philip S. A. Capparis
Title: Associate Director
DOMESTIC OFFICE
Barclays Bank PLC
222 Broadway
New York, New York 10038
Telephone: _____________
Facsimile: _____________
EUROCURRENCY OFFICE
Barclays Nassau, Bahamas Branch
c/o Barclays Bank PLC
222 Broadway
New York, New York 10038
Telephone: _____________
Facsimile: _____________
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: ____________
ABA Routing No.: ___________
Account No.: _______________
Account Name: _____________
Reference No.: _____________
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Amount of Percentage of
Commitment Commitments
---------- -----------
$44,000,000 8 % The Chase Manhattan Bank, N.A.
---
By: /s/ Claudia Stone
------------------
Name: Claudia Stone
Title: Managing Director
DOMESTIC OFFICE
The Chase Manhattan Bank, N.A.
One Chase Manhattan Plaza
Fifth Floor
New York, New York 10081
Telephone: _____________
Facsimile: _____________
EUROCURRENCY OFFICE
The Chase Manhattan Bank, N.A.
One Chase Manhattan Plaza
Fifth Floor
New York, New York 10081
Telephone: _____________
Facsimile: _____________
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: ____________
ABA Routing No.: ___________
Account No.: _______________
Account Name: _____________
Reference No.: _____________
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Amount of Percentage of
Commitment Commitments
---------- -----------
$44,000,000 8 % Citibank N.A.
---
By: /s/ Barbara A. Cohen
--------------------
Name: Barbara A. Cohen
Title: Vice President
DOMESTIC OFFICE
Citibank, N.A.
c/o Citicorp N.A., Inc.
200 S. Wacker Dr.
Chicago, IL 60606
Telephone: 312-993-3871
Facsimile: 312-993-6840
EUROCURRENCY OFFICE
Citibank, N.A.
c/o Citicorp N.A., Inc.
200 S. Wacker Dr.
Chicago, IL 60606
Telephone: 312-993-3871
Facsimile: 312-993-6840
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: Citibank, N.A., New York
ABA Routing No.: 021000089
Account No.: 38483095
Account Name: _____________
Reference No.: TRW Inc.
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Amount of Percentage of
Commitment Commitments
---------- -----------
$ 44,000,000 8 % Morgan Guaranty Trust Company
-- of New York
By: /s/ Timothy S. Broadbent
-------------------------
Name: Timothy S. Broadbent
Title:
DOMESTIC OFFICE
Morgan Guaranty Trust Company
of New York
60 Wall Street
New York, New York 10260-0060
Telephone: _____________
Facsimile: _____________
EUROCURRENCY OFFICE
Morgan Guaranty Trust Company
of New York
Nassau, Bahamas Office
c/o J.P. Morgan Services Inc.
Euro-Loan Servicing Unit
902 Market Street
Wilmington, Delaware 19801
Telephone: _____________
Facsimile: _____________
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: ____________
ABA Routing No.: ___________
Account No.: _______________
Account Name: _____________
Reference No.: _____________
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Amount of Percentage of
Commitment Commitments
---------- -----------
$44,000,000 8 % National City Bank
---
By: /s/ Davis R. Bonner
-------------------
Name: Davis R. Bonner
Title: Vice President
DOMESTIC OFFICE
National City Bank
National City Center
P. O. Box 5756
Cleveland, Ohio 44101-0756
Telephone: _____________
Facsimile: _____________
EUROCURRENCY OFFICE
National City Bank
National City Center
P. O. Box 5756
Cleveland, Ohio 44101-0756
Telephone: _____________
Facsimile: _____________
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: ____________
ABA Routing No.: ___________
Account No.: _______________
Account Name: _____________
Reference No.: _____________
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Amount of Percentage of
Commitment Commitments
---------- -----------
$44,000,000 8 % The Sumitomo Bank, Limited
---
By: /s/ Katsuyasu Iwasawa
---------------------
Name: Katsuyasu Iwasawa
Title: Joint General Manager
DOMESTIC OFFICE
The Sumitomo Bank, Limited
Chicago Branch
Sears Tower
233 South Wacker Drive, Suite 4800
Chicago, Illinois 60606-6448
Telephone: _____________
Facsimile: _____________
EUROCURRENCY OFFICE
The Sumitomo Bank, Limited
Chicago Branch
Sears Tower
233 South Wacker Drive, Suite 4800
Chicago, Illinois 60606-6448
Telephone: _____________
Facsimile: _____________
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: ____________
ABA Routing No.: ___________
Account No.: _______________
Account Name: _____________
Reference No.: _____________
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Amount of Percentage of
Commitment Commitments
---------- -----------
$30,800,000 5.6 % Dresdner Bank AG
----
By: /s/ D. Slusarczyk
-----------------
Name: D. Slusarczyk
Title: Vice President
By: /s/ Robert Grella
-----------------
Name: Robert Grella
Title: Vice President
DOMESTIC OFFICE
Dresdner Bank AG New York Branch
75 Wall Street
New York, New York 10005
Telephone: 212-574-0244
Facsimile: 212-574-0130
EUROCURRENCY OFFICE
Dresdner Bank AG Grand Cayman
Branch
c/o Dresdner Bank AG New York Branch
75 Wall Street
New York, New York 10005
Telephone: 212-574-0244
Facsimile: 212-574-0130
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: Chase Manhattan
(NY,NY)
ABA Routing No.: 021-000-021
Account No.: 920-1-059-079
Account Name: Dresdner Bank AG,
New York Branch
For further credits to 101679-15
Ref.: TRW
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Amount of Percentage of
Commitment Commitments
---------- -----------
$30,800,000 5.6 % First Interstate Bank of California
----
By: /s/ Arthur W. McAllister
------------------------
Name: Arthur W. McAllister
Title: Vice President
By: /s/ Wendy V. C. Purcell
-----------------------
Name: Wendy V. C. Purcell
Title: Assistant Vice President
DOMESTIC OFFICE
First Interstate Bank of California
Corporate Loan Operations
707 Wilshire Boulevard, W7-21
Los Angeles, California 90017
Telephone: _____________
Facsimile: _____________
EUROCURRENCY OFFICE
First Interstate Bank of California
Corporate Loan Operations
707 Wilshire Boulevard, W7-21
Los Angeles, California 90017
Telephone: _____________
Facsimile: _____________
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: ____________
ABA Routing No.: ___________
Account No.: _______________
Account Name: _____________
Reference No.: _____________
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Amount of Percentage of
Commitment Commitments
---------- -----------
$30,800,000 5.6 % NBD Bank, N.A.
----
By: /s/ Andrew W. Strait
---------------------
Name: Andrew W. Strait
Title: Vice President
DOMESTIC OFFICE
NBD Bank, N.A.
Attention: Midwest Banking Division
611 Woodward
Detroit, Michigan 48226
Telephone: _____________
Facsimile: _____________
EUROCURRENCY OFFICE
NBD Bank, N.A.
Attention: Midwest Banking Division
611 Woodward
Detroit, Michigan 48226
Telephone: _____________
Facsimile: _____________
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: ____________
ABA Routing No.: ___________
Account No.: _______________
Account Name: _____________
Reference No.: _____________
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Amount of Percentage of
Commitment Commitments
---------- -----------
$30,800,000 5.6 % Royal Bank of Canada
----
By: /s/ Raymond A. M. Boland
------------------------
Name: Raymond A. M. Boland
Title: Sr. Manager, Corporate Banking
DOMESTIC OFFICE
Royal Bank of Canada
New York Operations Center
Pierrepont Plaza
300 Cadman Plaza West
Brooklyn, New York 11201-2701
Telephone: _____________
Facsimile: _____________
EUROCURRENCY OFFICE
Royal Bank of Canada
New York Operations Center
Pierrepont Plaza
300 Cadman Plaza West
Brooklyn, New York 11201-2701
Telephone: _____________
Facsimile: _____________
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: ____________
ABA Routing No.: ___________
Account No.: _______________
Account Name: _____________
Reference No.: _____________
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Amount of Percentage of
Commitment Commitments
---------- -----------
$19,800,000 3.6 % Banque Nationale De Paris
----
By: /s/ Arnaud Collin du Bocage
---------------------------
Name: Arnaud Collin du Bocage
Title: Executive Vice President and
General Manager
DOMESTIC OFFICE
Banque Nationale De Paris
Chicago Branch
Rookery Building
209 South LaSalle, 5th Floor
Chicago, Illinois 60604
Telephone: _____________
Facsimile: _____________
EUROCURRENCY OFFICE
Banque Nationale De Paris
Chicago Branch
Rookery Building
209 South LaSalle, 5th Floor
Chicago, Illinois 60604
Telephone: _____________
Facsimile: _____________
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: ____________
ABA Routing No.: ___________
Account No.: _______________
Account Name: _____________
Reference No.: _____________
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Amount of Percentage of
Commitment Commitments
---------- -----------
$19,800,000 3.6 % Credit Lyonnais Chicago Branch
----
By: /s/ Sandra E. Horwitz
----------------------
Name: Sandra E. Horwitz
Title: Vice President
Credit Lyonnais Cayman Island Branch
By: /s/ Sandra E. Horwitz
---------------------
Name: Sandra E. Horwitz
Title: Authorized Signature
DOMESTIC OFFICE
Credit Lyonnais Chicago Branch
227 West Monroe Street
Chicago, Illinois 60606
Telephone: _____________
Facsimile: _____________
EUROCURRENCY OFFICE
Credit Lyonnais Cayman Island Branch
c/o Credit Lyonnais Chicago Branch
227 West Monroe Street
Chicago, Illinois 60606
Telephone: _____________
Facsimile: _____________
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: ____________
ABA Routing No.: ___________
Account No.: _______________
Account Name: _____________
Reference No.: ___________ __
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Amount of Percentage of
Commitment Commitments
---------- -----------
$19,800,000 3.6 % The Sakura Bank, Limited
----
By: /s/ Hajime Miyagi
------------------
Name: Hajime Miyagi
Title: Deputy General Manager
DOMESTIC OFFICE
The Sakura Bank, Limited
Chicago Branch
227 West Monroe Street
Suite 4700
Chicago, Illinois 60606
Telephone: _____________
Facsimile: _____________
EUROCURRENCY OFFICE
The Sakura Bank, Limited
Chicago Branch
227 West Monroe Street
Suite 4700
Chicago, Illinois 60606
Telephone: _____________
Facsimile: _____________
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: ____________
ABA Routing No.: ___________
Account No.: _______________
Account Name: _____________
Reference No.: _____________
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Amount of Percentage of
Commitment Commitments
---------- -----------
$19,800,000 3.6 % Society National Bank
----
By: /s/ Helen France
----------------
Name: Helen France
Title: Vice President
DOMESTIC OFFICE
Society National Bank
127 Public Square
Cleveland, Ohio 44114
Telephone: _____________
Facsimile: _____________
EUROCURRENCY OFFICE
Society National Bank
127 Public Square
Cleveland, Ohio 44114
Telephone: _____________
Facsimile: _____________
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: ____________
ABA Routing No.: ___________
Account No.: _______________
Account Name: _____________
Reference No.: _____________
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Amount of Percentage of
Commitment Commitments
---------- -----------
$19,800,000 3.6 % The Tokai Bank, Limited
----
By: /s/ Hiroshi Tanaka
------------------
Name: Hiroshi Tanaka
Title: General Manager
DOMESTIC OFFICE
The Tokai Bank, Limited
Chicago Branch
Attention: Corporate Finance
181 West Madison Street, Suite 3600
Chicago, Illinois 60602
Telephone: _____________
Facsimile: _____________
EUROCURRENCY OFFICE
The Tokai Bank, Limited
Chicago Branch
Attention: Corporate Finance
181 West Madison Street, Suite 3600
Chicago, Illinois 60602
Telephone: _____________
Facsimile: _____________
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: ____________
ABA Routing No.: ___________
Account No.: _______________
Account Name: _____________
Reference No.: _____________
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Amount of Percentage of
Commitment Commitments
---------- -----------
$19,800,000 3.6 % Union Bank of Switzerland
----
By: /s/ Steven M. Dadmun
---------------------
Name: Steven M. Dadmun
Title: Vice President
By: /s/ David E. Collignon
----------------------
Name: David E. Collignon
Title: Lending Officer
DOMESTIC OFFICE
Union Bank of Switzerland
Chicago Branch
30 South Wacker Drive, Suite 40
Chicago, Illinois 60606
Telephone: _____________
Facsimile: _____________
EUROCURRENCY OFFICE
Union Bank of Switzerland
Chicago Branch
30 South Wacker Drive, Suite 40
Chicago, Illinois 60606
Telephone: _____________
Facsimile: _____________
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: ____________
ABA Routing No.: ___________
Account No.: _______________
Account Name: _____________
Reference No.: _____________
------------ ----------
$550,000,000 100% Total
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