Aon Corporation Notice of Termination of Five-Year Credit Agreement with Citibank, N.A. and Lenders (December 4, 2009)
Aon Corporation has notified Citibank, N.A., as Administrative Agent, and the other lenders that it is terminating its Five-Year Credit Agreement, effective December 4, 2009. This means the company's borrowing commitments under the agreement are reduced to zero as of that date. The required lenders have agreed to allow this notice to be delivered less than three business days before the termination date. The notice is signed by Aon's Vice President and Treasurer.
Exhibit 10.2
December 4, 2009
Citibank, N.A., as Administrative Agent
390 Greenwich St.
New York, New York 10013
Attn.: Maureen Maroney
Re: Termination of Credit Agreement (as defined below)
Reference is hereby made to the Five-Year Credit Agreement, dated as of February 3, 2005, as amended (the “Credit Agreement”), among Aon Corporation, a Delaware corporation (the “Company”), the lenders party thereto, Citibank, N.A., a national banking association, as Administrative Agent, and JPMorgan Chase Bank, N.A. and PNC Bank, N.A., as LC Issuers. Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Credit Agreement.
Pursuant to Section 2.5 of the Credit Agreement, the Company hereby notifies the Administrative Agent of the reduction of the Aggregate Commitment to zero, and the occurrence of the Facility Termination Date, in each case as of Friday, December 4, 2009 (the “Termination Date”). We understand that the Required Lenders have consented to the delivery of this letter less than three Business Days prior to the Termination Date.
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| AON CORPORATION | ||
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| By: | /s/ Paul Hagy | |
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| Name: | Paul Hagy |
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| Title: | Vice President and Treasurer |
