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ACCESSION AGREEMENT

Assumption Agreement

ACCESSION AGREEMENT | Document Parties: AGILENT TECHNOLOGIES INC | BARCLAYS BANK PLC | JPMorgan Chase Bank, NA You are currently viewing:
This Assumption Agreement involves

AGILENT TECHNOLOGIES INC | BARCLAYS BANK PLC | JPMorgan Chase Bank, NA

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Title: ACCESSION AGREEMENT
Governing Law: New York     Date: 9/11/2009
Industry: Electronic Instr. and Controls     Sector: Technology

ACCESSION AGREEMENT, Parties: agilent technologies inc , barclays bank plc , jpmorgan chase bank  na
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Exhibit 10.1

 

ACCESSION AGREEMENT dated as of September 8, 2009 (this “ Agreement ”), among BARCLAYS BANK PLC (the “ Increasing Lender ”), AGILENT TECHNOLOGIES, INC. (the “ Company ”) and JPMORGAN CHASE BANK, N.A., as administrative agent (the “ Administrative Agent ”).

 

A.  Reference is hereby made to the Five-Year Credit Agreement dated as of May 11, 2007 (as amended, supplemented or otherwise modified from time to time, the “ Credit Agreement ”), among the Company, the Borrowing Subsidiaries from time to time party thereto, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent.

 

B.  Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement.

 

C.  Pursuant to Section 2.08(d) of the Credit Agreement, the Company has invited the Increasing Lender, and the Increasing Lender desires, to become a party to the Credit Agreement and to assume the obligations of a Lender thereunder.  The Increasing Lender is entering into this Agreement in accordance with the provisions of the Credit Agreement in order to become a Lender thereunder.

 

Accordingly, the Increasing Lender, the Company and the Administrative Agent agree as follows:

 

SECTION 1.   Accession to the Credit Agreement. (a) The Increasing Lender, as of the Effective Date (as defined below), hereby accedes to the Credit Agreement and shall thereafter have the rights and obligations of a Lender thereunder with the same force and effect as if originally named therein as a Lender.

 

(b) The Commitment of the Increasing Lender shall equal the amount set forth opposite its signature hereto.

 

(c) The amount of the Increasing Lender’s Commitment hereby supplements Schedule 2.01 to the Credit Agreement.

 

SECTION 2.   Representations and Warranties, Agreements of Increasing Lender, etc.   The Increasing Lender (a) represents and warrants that it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to become a Lender under the Credit Agreement; (b) confirms that it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 5.01 of the Credit Agreement and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement independently and without reliance on the Administrative Agent or any other Lender; (c) confirms that it will independently and without reliance on the Administrative Agent o


 
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