Letter of Undertaking by Calgon Carbon Corporation to MCFA Inc. Regarding Loan to Calgon Carbon Japan KK (March 31, 2010)

Contract Categories: Business Finance › Guaranty Agreements
Summary

Calgon Carbon Corporation, which owns 80% of Calgon Carbon Japan KK, acknowledges a loan of up to 2 billion Japanese Yen from MCFA Inc. to Calgon Carbon Japan KK. Calgon Carbon Corporation agrees to provide a formal guarantee for the loan, upon request, up to the amount of its ownership interest. This commitment remains effective as long as the loan is outstanding. The loan is intended for operating funds.

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EX-10.4 5 l39324exv10w4.htm EX-10.4 exv10w4
Exhibit 10.4
March 31, 2010
MCFA Inc.
Letter of Undertaking
Dear Sirs:
In respect of the loan (the “Loan”) up to Yen 2,000,000,000 (Two billion Japanese Yen only) as set force below extended by you to Calgon Carbon Japan KK (the “Company”) , which we currently have a 80% equity interest, we fully acknowledge the Loan.
We further agree and undertake to submit you, upon your request, a formal guarantee based on a guarantee form to be offered from you in respect of all the indebtedness the Company owes and will owe to you with respect to the Loan, up to the maximum of our current percentage of equity interest in the Company.
This letter shall remain in full force and effect as long as the Loan is outstanding.
Description of the Loan
     
Principal Amount of the Loan:
   Up to Yen 2,000,000,000
Purpose of Use:
   Operating funds
Lender:
   MCFA Inc.
Borrower:
   Calgon Carbon Japan KK
Sincerely yours,
Calgon Carbon Corporation
400 Calgon Carbon Drive
Pittsburgh, Pennsylvania ###-###-#### U.S.A.
Signed by:
/s/ Leroy M. Ball                                                              
Print Name: Leroy M. Ball
Title: Senior Vice President, Chief Financial Officer
Date: March 31, 2010