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NATCITY NATCITY INVESTMENTS, INC.
Investments 1965 East Sixth Street
Cleveland, OH 44114
Exhibit 4h
June 16, 1995
Mr. Charles F. Nagy
Corporate Treasurer
The Standard Products Co.
Dearborn, Michigan
VIA FAX
Re: Termination of $7 million in principal amount of an original
$25,350,256 currency swap dated November 10, 1993.
Dear Chuck:
This letter will confirm the agreement between National City Bank
("NCB") and Standard Products Co. ("Standard Products") to terminate $ 7
million in principal amount of the original balance of $25,350,256 on a
currency swap entered into between NCB and Standard Products dated November 10,
1993. The terms of the termination as as follows:
Trade Date: June 14, 1995
Effective Date: June 26, 1995
Settlement Date: June 28, 1995
National City Bank Will Pay
Standard Products Co.:
Principal USD 7,033,000.00
Accrued Interest USD 40,600.00
-----------------
Total Due USD 7,073,600.00
Standard Products Will Pay
National City Bank:
Principal FRD 41,419,700.00
Accrued Interest FRF 269,228.05
-----------------
Total Due FRF 41,688,928.05
Please evidence your confirmation of this trade by executing this
Confirmation Letter and faxing it to the attention of Bill Mahnic, at
216/575-3355.
For: National City Bank For: The Standard Products Co.
By: /s/ Michael T. Whalen By: /s/ Charles F. Nagy
------------------------- -------------------------
Mike Whalen, Vice President Charles F. Nagy, Corporate Treasurer
MEMBER NASD o MEMBER SIPC
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ORIGINAL AMORT.
CASH FLOW SCHEDULE (SELL/MARK-TO-MARKET)
PERIOD PAYMENT NCB PAYS USD FIXED DISCOUNT DISCOUNT
DATE DATE TOTAL PAYMENTS RATE FACTOR
------------ ------------ ------------------ --------- --------
22-NOV-95 22-NOV-95 735,157.42 6.0661736 .97286889
22-MAY-96 22-MAY-96 735,157.42 5.9586661 .94531143
22-NOV-96 22-NOV-96 5,805,208.62 5.9351203 .9181216
22-MAY-97 22-MAY-97 588,125.94 5.972081 .891265
22-NOV-97 24-NOV-97 5,658,177.14 6.0271054 .86379632
22-MAY-98 22-MAY-98 441,094.45 6.0933657 .8374109
22-NOV-98 23-NOV-98 5,511,145.65 6.1602482 .81049447
22-MAY-99 25-MAY-99 294,062.97 6.2278053 .78417109
22-NOV-99 22-NOV-99 5,364,114.17 6.2932862 .75853068
22-MAY-00 22-MAY-00 147,031.48 6.3622806 .73306674
22-NOV-00 22-NOV-00 5,217,082.68 6.3782234 .7097452
NPV (ACT/ACT SA) PCT
07-JUN-95 25,097,895.02
PERIOD PAYMENT STAN PAYS FRF FIXED DISCOUNT DISCOUNT
DATE DATE TOTAL PAYMENTS RATE FACTOR
------------ ------------ ------------------ --------- --------
22-NOV-95 22-NOV-95 4,875,000.00 7.0925828 .9684293
22-MAY-96 22-MAY-96 4,875,000.00 6.6573021 .93919883
22-NOV-96 22-NOV-96 34,875,000.00 6.5290817 .91042976
22-MAY-97 22-MAY-97 3,900,000.00 6.4320315 .88352097
22-NOV-97 24-NOV-97 33,900,000.00 6.4895489 .85429816
22-MAY-98 22-MAY-98 2,925,000.00 6.561246 .82625853
22-NOV-98 23-NOV-98 32,925,000.00 6.6412837 .79751671
22-MAY-99 25-MAY-99 1,950,000.00 6.7211379 .76945533
22-NOV-99 22-NOV-99 31,950,000.00 6.791504 .74238297
22-MAY-00 22-MAY-00 975,000.00 6.8614979 .71571238
22-NOV-00 22-NOV-00 30,975,000.00 6.9157279 .68986731
NPV (ACT/ACT SA) PCT
07-JUN-95 149,418,441.41
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NEW AMORT.
CASH FLOW SCHEDULE (SELL/MARK-TO-MARKET)
PERIOD PAYMENT NCB PAYS USD FIXED DISCOUNT DISCOUNT
DATE DATE TOTAL PAYMENTS RATE FACTOR
------------ ------------ ------------------ --------- --------
22-NOV-95 22-NOV-95 532,157.42 6.0661736 .97286889
22-MAY-96 22-MAY-96 532,157.42 5.9586661 .94531143
22-NOV-96 22-NOV-96 4,202,208.62 5.9351203 .9181216
22-MAY-97 22-MAY-97 425,725.94 5.972081 .891265
22-NOV-97 24-NOV-97 4,095,777.14 6.0271054 .86379632
22-MAY-98 22-MAY-98 319,294.45 6.0933657 .8374109
23-NOV-98 23-NOV-98 3,989,345.65 6.1602482 .81049447
22-MAY-99 25-MAY-99 212,862.97 6.2278053 .78417109
22-NOV-99 22-NOV-99 3,882,914.17 6.2932862 .75853068
22-MAY-00 22-MAY-00 106,431.48 6.3622806 .73306674
22-NOV-00 22-NOV-00 3,776,482.68 6.3782234 .7097452
NPV (ACT/ACT SA) PCT
07-JUN-95 18,167,579.79
PERIOD PAYMENT STAN PAYS FRF FIXED DISCOUNT DISCOUNT
DATE DATE TOTAL PAYMENTS RATE FACTOR
------------ ------------ ------------------ --------- --------
22-NOV-95 22-NOV-95 3,528,859.74 7.0925828 .9684293
22-MAY-96 22-MAY-96 3,528,859.74 6.6573021 .93919883
22-NOV-96 22-NOV-96 25,244,919.70 6.5290817 .91042976
22-MAY-97 22-MAY-97 2,823,087.79 6.4320315 .88352097
22-NOV-97 24-NOV-97 24,539,147.75 6.4895489 .85429816
22-MAY-98 22-MAY-98 2,117,315.85 6.561246 .82625853
22-NOV-98 23-NOV-98 23,833,375.81 6.6412837 .79751671
22-MAY-99 25-MAY-99 1,411,543.90 6.7211379 .76945533
22-NOV-99 22-NOV-99 23,127,603.86 6.791504 .74238297
22-MAY-00 22-MAY-00 705,771.95 6.8614979 .71571238
22-NOV-00 22-NOV-00 22,421,831.89 6.9157279 .68986731
NPV (ACT/ACT SA) PCT
07-JUN-95 108,159,327.74