LETTER OF CREDIT AND TERM LOAN AGREEMENT Dated as of November 6, 2006 among CHICAGO BRIDGE & IRON COMPANY N.V., and CHICAGO BRIDGE & IRON COMPANY (DELAWARE), CBI SERVICES, INC., CB&I CONSTRUCTORS, INC., and CB&I TYLER COMPANY, as Co-Obligors BANK OF...Letter of Credit and Term Loan Agreement • November 9th, 2006 • Chicago Bridge & Iron Co N V • Construction - special trade contractors • New York
This LETTER OF CREDIT AND TERM LOAN AGREEMENT (“Agreement”) is entered into as of November 6, 2006, among CHICAGO BRIDGE & IRON COMPANY N.V., a corporation organized under the laws of The Kingdom of the Netherlands (the “Company”), on behalf of itself and as Co-Obligors’ Agent, and CHICAGO BRIDGE & IRON COMPANY (DELAWARE), a Delaware corporation, CBI SERVICES, INC., a Delaware corporation, CB&I CONSTRUCTORS, INC., a Texas corporation, and CB&I TYLER COMPANY, a Delaware corporation (each of the foregoing being a Wholly-Owned Subsidiary of the Company and hereinafter referred to individually as a “Co-Obligor” and collectively the “Co-Obligors”), BANK OF AMERICA, N.A., and JPMORGAN CHASE BANK, N.A., as issuers of letters of credit (each an “L/C Issuer” and collectively, the “L/C Issuers”), the financial institutions having a Credit-Linked Deposit set forth opposite their names on Schedule 2.01 hereto under the heading “Credit-Linked Deposit” (collectively, the “Lenders” and individually,
