|
EXHIBIT
10.7.2
|
|
Second Amendment
to
|
|
Second Amended and Restated
Revolving Loan Agreement
|
|
|
Second Amendment to Second
Amended and Restated Revolving Loan Agreement
This Second
Amendment to the Second Amended and Restated Revolving Loan
Agreement (the “ Amendment ”), dated as of
December 31, 2007, is entered into by and between Union Carbide
Corporation, a New York corporation (the “ Lender
”) and The Dow Chemical Company, a Delaware corporation (the
“ Borrower ”) effective as of August 1,
2009.
WHEREAS, the
Lender and the Borrower are parties to the Second Amended and
Restated Revolving Loan Agreement dated as of November 1, 2005 and
amended by the First Amendment dated the 31 st day of
December 2007 (the “Loan Agreement”);
WHEREAS, the
Lender and the Borrower wish to increase the Commitment Amount, and
to change the Interest Rate, both as defined in the Loan
Agreement;
NOW, THEREFORE,
in view of the following terms and conditions and for other good
and valuable consideration to the receipt and sufficiency whereof
is hereby acknowledged, the parties agree as follows:
1.
To add the following Definition to the Loan Agreement as
1.14:
“TDCC
Reference Rate” means the interest rate established for
intercompany financing transactions by the Corporate Treasury
Department of The Dow Chemical Company (Borrower). This
rate is set to LIBOR plus 280 basis point as of the effective date
of this Amendment, any future changes to this rate will be
effective if agreed between the Lender and the Borrower in
writing.”
|
|
|
Paragraph 2.1
of the Loan Agreement is hereby deleted and replaced as
follows:
|
The Lender
agrees, on the terms and conditions s
