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Exhibit 10(a)
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AMENDMENT TO
MULTI-YEAR REVOLVING CREDIT AGREEMENT
(as amended and restated as of May 8, 1996)
dated as of August 7, 1997
among
TRW INC.
and
THE FINANCIAL INSTITUTIONS
LISTED ON THE SIGNATURE
PAGES HEREOF
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AMENDMENT TO
MULTI-YEAR REVOLVING CREDIT AGREEMENT
(as amended and restated as of May 8, 1996)
This Amendment to Multi-Year Revolving Credit Agreement, dated as of August
7, 1997 (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, March 1, 1994, February 28, 1995, and amended and
restated as of May 8, 1996 (such agreement, as amended and restated, 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 "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) July 1, 2002,
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.
1.2 AMENDMENT OF OTHER INDEBTEDNESS CROSS-DEFAULT. Section 11.1.2 shall be
amended to read in its entirety as follows:
11.1.2 NONPAYMENT OF OTHER INDEBTEDNESS FOR BORROWED MONEY. Default in
the payment when due at maturity (subject to any applicable grace period)
or by acceleration of any other indebtedness for borrowed money having a
principal amount in excess of 50,000,000 U.S. Dollars of, or guaranteed by,
the Company ("Other Indebtedness"), or default in the performance or
observance of any obligation or condition with respect to any such Other
Indebtedness if such default results in the
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acceleration of the maturity of any such Other Indebtedness; provided,
that, if such default shall subsequently be remedied, cured, or waived
prior to either the termination of Commitments or the declaration that all
Loans are immediately due and payable, in each case pursuant to Section
11.2 hereof, and as a result the payment of such Other Indebtedness is no
longer due, the Event of Default existing hereunder by reason thereof shall
likewise be deemed thereupon to be remedied, cured, or waived and no longer
in existence, all without any further action by the parties hereto.
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, such
Note shall be substantially in the form of Exhibit A to the Agreement with the
dates therein changed to reflect this Amendment. Contemporaneously with the
issuance of such Notes, the Notes dated May 8, 1996 currently pertaining to the
Agreement shall be deemed null and void and each Bank shall cancel and return to
the Company each such Note pertaining to the Agreement currently in such Bank's
possession.
2.2 OTHER TERMS AND CONDITIONS. Unless amended hereby, all other terms and
conditions of the Agreement shall remain in full force and effect without
change.
2.3 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.
2.4 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.
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2.5 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/ Jeanne R. Sydenstricker
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Jeanne R. Sydenstricker
Vice President and Treasurer
1900 Richmond Road
Cleveland, Ohio 44124
Telephone 216/291-7566
Facsimile: 216/291-7831
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BANKS:
Amount of Percentage of
Commitment Commitments
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$60,000,000 8 % Bank of America National Trust
----- and Savings Association
By: /s/ Deborah J. Graziano
-----------------------
Name: Deborah J. Graziano
Title: Vice President
DOMESTIC OFFICE
Bank of America NT & SA
1850 Gateway Boulevard
Concord, California 94520
Telephone: (510) 675-7178
Facsimile: (510) 675-7531
Attention: Mandy Sneary
EUROCURRENCY OFFICE
Bank of America NT & SA
1850 Gateway Boulevard
Concord, California 94520
Telephone: (510) 675-7178
Facsimile: (510) 675-7531
Attention: Mandy Sneary
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: Bank of America
ABA Routing No. 121000358
Account No.: 12331-83980
Account Name: Incoming Money Transfer
Reference No.: TRW Commitment Fee
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Amount of Percentage of
Commitment Commitments
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$60,000,000 8 % Barclays Bank PLC
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By: /s/ Gary F. Albanese
-----------------------
Name: Gary F. Albanese
Title: Associate Director
DOMESTIC OFFICE
Barclays Bank PLC
222 Broadway
New York, New York 10038
Telephone: (212) 412-3728
Facsimile: (212) 412-5306
EUROCURRENCY OFFICE
Barclays Nassau, Bahamas Branch
c/o Barclays Bank PLC
222 Broadway
New York, New York 10038
Telephone: (212) 412-3728
Facsimile: (212) 412-5306
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: Barclays Bank PLC-New York
ABA Routing No.: 026-002-574
Account No.: 050-019-104
Account Name: TRW
Reference No.: TRW Commitment Fee;
C. Tenn Sing Que
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Amount of Percentage of
Commitment Commitments
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$60,000,000 8 % The Chase Manhattan Bank
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By: /s/ Joan F. Garvin
------------------
Name: Joan F. Garvin
Title: Managing Director
DOMESTIC OFFICE
The Chase Manhattan Bank
270 Park Avenue
10th Floor
New York, New York 10017-2070
Telephone: (212) 270-5730
Facsimile: (212) 270-5127
EUROCURRENCY OFFICE
The Chase Manhattan Bank
One Chase Manhattan Plaza
Eighth Floor
New York, New York 10081
Telephone: (212) 552-7472
Facsimile: (212) 552-5662
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: Chase Manhattan Bank
ABA Routing No.: 021-000021
Account No.:
Account Name: Commercial Loan Opns.
Reference No.: TRW Commitment Fee
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Amount of Percentage of
Commitment Commitments
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$60,000,000 8 % Citibank, N.A.
-----
By: /s/ Mark Stanfield Packard
--------------------------
Name: Mark Stanfield Packard
Title: Vice President
DOMESTIC OFFICE
Citibank, N.A.
c/o Citicorp Securities, Inc.
200 S. Wacker Dr.
Chicago, IL 60606
Telephone: 312-993-3871
Facsimile: 312-993-6840
EUROCURRENCY OFFICE
Citibank, N.A.
c/o Citicorp Securities, 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: Chicago NEO Loan Acct.
Reference No.: TRW Commitment Fee
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Amount of Percentage of
Commitment Commitments
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$60,000,000 8 % Morgan Guaranty Trust Company
----- of New York
By: /s/ Patricia P. Lunka
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Name: Patricia P. Lunka
Title: Vice President
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: Morgan Guaranty Trust
ABA Routing No.:021000238
Account No.: 999-99-090
Account Name: ____________
Reference No.: TRW Com. Fee
Corp. Proc. Module 30
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Amount of Percentage of
Commitment Commitments
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$60,000,000 8 % National City Bank
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By: /s/ David R. Bonner
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Name: David 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: National City Bank
ABA Routing No.: 041000124
Account No.: 2537557
Account Name: _____________
Reference No.: TRW Commitment Fee
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Amount of Percentage of
Commitment Commitments
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$60,000,000 8 % The Sumitomo Bank, Limited
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By: /s/ John H. Kemper
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Name: John H. Kemper
Title: Senior Vice President
DOMESTIC OFFICE
The Sumitomo Bank, Limited
Chicago Branch
Sears Tower
233 South Wacker Drive, Suite 4800
Chicago, Illinois 60606-6448
Telephone: (312) 876-6444
Facsimile: (312) 876-6436
EUROCURRENCY OFFICE
The Sumitomo Bank, Limited
Chicago Branch
Sears Tower
233 South Wacker Drive, Suite 4800
Chicago, Illinois 60606-6448
Telephone: (312) 879-7668
Facsimile: (312) 876-0523
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: FNB of Chicago
ABA Routing No. 071000013
Account No.: 15-01208
Account Name: Sumitomo Bank Ltd,
Chicago Branch.
Reference No.: TRW Commitment Fee
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Amount of Percentage of
Commitment Commitments
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$45,000,000 6 % Banque Nationale de Paris
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By: /s/ Arnaud Collin Du Bocage
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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: (312) 977-2211
Facsimile: (312) 977-1380
EUROCURRENCY OFFICE
Banque Nationale de Paris
Chicago Branch
Rookery Building
209 South LaSalle, 5th Floor
Chicago, Illinois 60604
Telephone: (312) 977-2211
Facsimile: (312) 977-1380
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: Banque Nationale de Paris,
New York Branch
ABA Routing No.: 026007689
Account No.: 14119400189
Account Name: BNP, Chicago Branch
Reference No.: TRW Commitment Fee
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Amount of Percentage of
Commitment Commitments
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$45,000,000 6 % Dresdner Bank AG
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By: /s/ D. Slusavczyk
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Name: D. Slusavczyk
Title: Vice President
By: /s/ A. R. Morris
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Name: A. R. Morris
Title: Vice President
DOMESTIC OFFICE
Dresdner Bank AG New York Branch
75 Wall Street
New York, New York 10005
Telephone: (212) 429-2244
Facsimile: (212) 429-2524
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) 429-2244
Facsimile: (212) 429-2524
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
Reference No.: TRW Commitment Fee
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Amount of Percentage of
Commitment Commitments
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$45,000,000 6 % NBD Bank
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By: /s/ William J. McCaffrey
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Name: William J. McCaffrey
Title: Vice President
DOMESTIC OFFICE
NBD Bank
Attention: Mid-Corporate Banking
611 Woodward
Detroit, Michigan 48226
Telephone: (313) 225-3444
Facsimile: (313) 225-3269
EUROCURRENCY OFFICE
NBD Bank, N.A.
Attention: Mid-Corporate Banking
611 Woodward
Detroit, Michigan 48226
Telephone: (313) 225-3444
Facsimile: (313) 225-3269
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: NBD Bank
ABA Routing No.:072000326
Account No.: 1424183
Account Name: Commercial Loans
Reference No.: TRW Commitment Fee
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Amount of Percentage of
Commitment Commitments
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$45,000,000 6 % Royal Bank of Canada
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By: /s/ Patrick Shields
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Name: Patrick Shields
Title: Senior Manager
DOMESTIC OFFICE
Royal Bank of Canada
Grand Cayman (North America No. 1) Branch
c/o New York Branch
32 Old Slip
New York, New York 10005-3531
Telephone: (212) 428-6323
Facsimile: (212) 428-2372
EUROCURRENCY OFFICE
Royal Bank of Canada
Grand Cayman (North America No. 1) Branch
c/o New York Branch
32 Old Slip
New York, New York 10005-3531
Telephone: (212) 428-6323
Facsimile: (212) 428-2372
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: Chase Manhattan, NY
ABA Routing No.: 021000021
Account No.: 9201033363
Account Name: Royal Bank
Reference No.: TRW Commitment Fee
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Amount of Percentage of
Commitment Commitments
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$30,000,000 4 % KeyBank National Association
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By: /s/ Marianne Meil
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Name: Marianne Meil
Title: Vice President
DOMESTIC OFFICE
KeyBank National Association
127 Public Square
Cleveland, Ohio 44114
Telephone: _____________
Facsimile: _____________
EUROCURRENCY OFFICE
KeyBank National Association
127 Public Square
Cleveland, Ohio 44114
Telephone: _____________
Facsimile: _____________
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: KeyBank National Association
ABA Routing No.:041001039
Account No.: 00100-39140
Account Name: Commercial Loan Opns
Reference No.: TRW Commitment Fee
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Amount of Percentage of
Commitment Commitments
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$30,000,000 4 % The Sakura Bank, Limited
-----
By: /s/ Shunji Sakurai
------------------
Name: Shunji Sakurai
Title: Joint General Manager
DOMESTIC OFFICE
The Sakura Bank, Limited
Chicago Branch
227 West Monroe Street
Suite 4700
Chicago, Illinois 60606
Telephone: (312) 580-3276
Facsimile: (312) 332-5345
EUROCURRENCY OFFICE
The Sakura Bank, Limited
Chicago Branch
227 West Monroe Street
Suite 4700
Chicago, Illinois 60606
Telephone: (312) 580-3276
Facsimile: (312) 332-5345
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: FNB of Chicago
ABA Routing No.: 071000013
Account No.: 1512951
Account Name: Sakura Bank, Chicago
Reference No.: TRW Commitment Fee
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Amount of Percentage of
Commitment Commitments
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$30,000,000 4 % The Tokai Bank, Limited
-----
By: /s/ Hiroshi Tanaka
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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: FNB of Chicago
ABA Routing No.: 071000013
Account No.: 15-08997
Account Name: Tokai Bank, Chicago Branch
Reference No.: TRW Commitment Fee
Loan Administration
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Amount of Percentage of
Commitment Commitments
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$30,000,000 4 % Union Bank of Switzerland
-----
By: /s/ Dieter Hoeppli
------------------
Name: Dieter Hoeppli
Title: Vice President
By: /s/ Samuel Azizo
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Name: Samuel Azizo
Title: Vice President
DOMESTIC OFFICE
Union Bank of Switzerland
New York Branch
299 Park Avenue
New York, New York 10171
Telephone: (212) 821-3415
Facsimile: (212) 821-3383
EUROCURRENCY OFFICE
Union Bank of Switzerland
New York Branch
299 Park Avenue
New York, New York 10171
Telephone: (212) 821-3415
Facsimile: (212) 821-3383
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: Union Bank of Switzerland
ABA Routing No.: 026008439
Account No.: 519243USICC1
Account Name: Credit Corporate Clearing
Reference No.: TRW Commitment Fee
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Amount of Percentage of
Commitment Commitments
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$15,000,000 2 % Bank of China, New York Branch
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By: /s/ Zhu, ZhiCheng
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Name: Zhu, ZhiCheng
Title: General Manager, USA
DOMESTIC OFFICE
Bank of China
New York Branch
410 Madison Avenue
New York, New York 10017
Telephone: (212) 935-3101 ext. 475
Facsimile: (212) 688-0919
EUROCURRENCY OFFICE
Bank of China
New York Branch
410 Madison Avenue
New York, New York 10017
Telephone: (212) 935-3101 ext. 475
Facsimile: (212) 688-0919
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: Bank of China, New York Branch
ABA Routing No.: 026003269
Account No.: 160081555553-001-001
. Reference No.: TRW Commitment Fee
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Amount of Percentage of
Commitment Commitments
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$15,000,000 2 % Wells Fargo Bank, N.A.
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By: /s/ Edith R. Lim
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Name: Edith R. Lim
Title: Vice President
By: /s/ Frieda Youlios
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Name: Frieda Youlios
Title: Vice President
DOMESTIC OFFICE
Wells Fargo Bank, N.A.
707 Wilshire Blvd., 16th. Floor
Los Angeles, CA 90017
Telephone: (213) 614-5038
Facsimile: (213) 614-2305
EUROCURRENCY OFFICE
Wells Fargo Bank, N.A.
707 Wilshire Blvd., 16th. Floor
Los Angeles, CA 90017
Telephone: (213) 614-5038
Facsimile: (213) 614-2305
ELECTRONIC PAYMENT INSTRUCTIONS
Receiving Bank: Wells Fargo Bank, N.A.
ABA Routing No.: 121-000-248
Account No.: 451-8054341
Account Name: SYNDIC/WFB CORP/ACH
Reference No.: TRW Ref No 9118583038
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$750,000,000 100% Total
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