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NationsBank Tel 000 000-0000
Energy Finance Division Fax 000 000 0000
P. O. Xxx 0000
Xxxxxxx, XX 00000-0000
NATIONSBANK
March 24, 0000
Xxxxx Xxxxx Britannia Limited
5th Floor Xxxxxxx Xxxxx
00/000 Xxxxxxxxxxxxx
Xxxxxx XXXX 0XX, Xxxxxxx
Dear Sirs:
We refer to the Agreement (as from time to time amended, varied, novated or
supplemented, the "Facility Agreement") dated 26th May 1995 and made between
Union Texas Britannia Limited as Borrower, The Chase Manhattan Bank (formerly
Chemical Bank) as Arranger, NationsBank, N.A. (formerly NationsBank, N.A.
(Carolinas)) and National Westminster Bank Plc as Co-Arrangers, NationsBank,
N.A. (formerly NationsBank, N.A. Carolinas)) as Facility Agent, NationsBank,
N.A. (formerly NationsBank, N.A. (Carolinas)) and The Chase Manhattan Bank
(formerly Chemical Bank) as Technical Agents, National Westminster Bank Plc as
Funding Agent, National Westminster Bank Plc as Account Bank and the financial
institutions named therein as Banks and Hedge Counterparties. Terms defined in
the Facility Agreement shall have the same meanings in this letter.
We write to you as Facility Agent (on behalf of the Beneficiaries and for
ourselves) having received the prior written consent of all of the Banks to
agree with you the amendments to the Facility Agreement set out herein.
With effect on and from the date of countersignature of this letter by you, the
Facility Agreement shall be amended as follows:
(a) in Clause 1.1 thereof the words in paragraph (i) of the
definition of "Applicable Margin" "0.875% (zero point eight
seven five per cent.)" shall be deleted and replaced by the
words "0.75% (zero point seven five per cent.)";
(b) in Clause 1.1 thereof the words in paragraph (ii) of the
definition of "Applicable Margin" "0.75% (zero point seven
five per cent.)" shall be deleted and replaced by the words
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"0.625% (zero point six two five per cent.)"; and
(c) in Clause 37.1 thereof the words "zero point three five per
cent. (0.35%)" shall be deleted and replaced by the words
"0.3% (zero point three per cent.)".
The Facility Agreement shall continue in full force and effect in accordance
with its terms save only as amended by this letter.
This letter shall be governed by and construed in accordance with English law.
The provisions of Clause 54 of the Facility Agreement shall be deemed to be
incorporated in this letter mutatis mutandis provided that references therein
to "this Agreement" shall be references to this letter and references to
"Clause 54.1" shall be a reference to the relevant paragraph of such Clause 54
as deemed to be incorporated in this letter.
Please countersign and date this letter as evidence of your agreement to and
acceptance of the terms set out herein.
Yours faithfully,
/s/ XXXX X. XXXXXXX
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For and on behalf of NationsBank, N.A.
Xxxx X. Xxxxxxx
Vice President
Accepted and agreed on March 24, 1997
/s/ XXXX XXXXXXX
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For and on behalf of Union Texas Britannia Limited
