CONSENT

EX-10.33 7 dex1033.htm CONSENT DATED AS OF DECEMBER 7, 2006 TO THE 364-DAY CREDIT AGREEMENT Consent dated as of December 7, 2006 to the 364-Day Credit Agreement

Exhibit 10.33

CONSENT

CONSENT dated as of December 7, 2006 under the 364-Day Credit Agreement dated as of March 31, 2006 (the “Credit Agreement”) between International Paper Company, the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent. Terms are used herein as defined in the Credit Agreement.

The Company has requested that the Lenders consent to the replacement of Schedule II to the Credit Agreement to correct an inadvertent omission therein. By their signatures below, the Lenders hereby so consent to the replacement of said Schedule II in the form annexed hereto.

This Consent shall become effective upon execution hereof by the Company and Lenders constituting the Required Lenders under the Credit Agreement. Except as herein provided, the Credit Agreement shall remain unchanged and in full force and effect. This Consent may be executed in any number of counterparts, all of which taken together shall constitute one and the same amendatory instrument and any of the parties hereto may execute this Consent by signing any such counterpart. This Consent shall be governed by, and construed in accordance with, the law of the State of New York.

IN WITNESS WHEREOF, the parties hereto have caused this Consent to be duly executed by their respective authorized officers as of the day and year first above written.

INTERNATIONAL PAPER COMPANY

/s/ Errol Harris

Name: Errol Harris

Title: Vice President, Treasurer

Consent under 364-Day Credit Agreement

LENDERS


JPMORGAN CHASE BANK, N.A.,		CITIBANK, N.A.

By:	/s/ Peter S. Predum	By:	/s/ Jeffrey Stern
	Name: Peter S. Predum		Name: Jeffrey Stern
	Title: Vice President		Title: Vice President


BNP PARIBAS		BANK OF AMERICA, N.A.

By:	/s/ Nuala Marley	By:	/s/ Michael L. Letson, Jr
	Name: Nuala Marley		Name: Michael L. Letson, Jr.
	Title: Managing Director		Title: Vice President

By:	/s/ W. Kaplan
	Name: W. Kaplan
	Title: M. D.


DEUTSCHE BANK AG		CREDIT SUISSE, CAYMAN ISLAND BRANCH

By:	/s/ Frederick W. Laird	By:
	Name: Frederick W. Laird		Name:
	Title: Managing Director		Title:

By:	/s/ Ming K. Chu
	Name: Ming K. Chu
	Title: Vice President


WILLIAM STREET CAPITAL CORPORATION		UBS LOAN FINANCE LLC

By:	/s/ Mark Walton	By:	/s/ Richard L. Tavrow
	Name: Mark Walton		Name: Richard L. Tavrow
	Title: Assistant Vice President		Title: Director



						By:		/s/ Irja R. Otsa
								Name: Irja R. Otsa
								Title: Associate Director

Consent under 364-Day Credit Agreement

-2-


ABN AMRO BANK N.V.		THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

By:	/s/ Alexander M. Blodi	By:	/s/ Karen Ossolinski
	Name: Alexander M. Blodi		Name: Karen Ossolinski
	Title: Managing Director		Title: Authorized Signatory

By:	/s/ Nick Zorin
	Name: Nick Zorin
	Title: Assistant Vice President


THE ROYAL BANK OF SCOTLAND		BARCLAYS BANK PLC

By:		By:	/s/ David Barton
	Name:		Name: David Barton
	Title:		Title: Associate


THE BANK OF NEW YORK		MIZUHO CORPORATE BANK, LTD.

By:	/s/ J. David Parker, Jr	By:	/s/ Raymond Ventura
	Name: J. David Parker, Jr.		Name: Raymond Ventura
	Title: Vice President		Title: Deputy General Manager


MORGAN STANLEY BANK		PNC BANK, NATIONAL ASSOCIATION

By:		By:	/s/ Timothy J. Hornickle
	Name:		Name: Timothy J. Hornickle
	Title:		Title: Vice President


SUMITOMO MITSUI BANKING CORPORATION		SUNTRUST BANK

By:	/s/ Shigeru Tsuru	By:	/s/ Stacy M. Lewis
	Name: Shigeru Tsuru		Name: Stacy M. Lewis
	Title: Joint General Manager		Title: Vice President

Consent under 364-Day Credit Agreement

-3-


WACHOVIA BANK, NATIONAL ASSOCIATION		FORTIS CAPITAL CORPORATION

By:	/s/ Robert G. McGill, Jr.	By:
	Name: Robert G. McGill, Jr.		Name:
	Title: Director		Title:


SOCIETE GENERALE		THE BANK OF NOVA SCOTIA

By:	/s/ Nigel Elvey	By:
	Name: Nigel Elvey		Name:
	Title: Vice President		Title:


MELLON BANK		SANPAOLO-IMI S.P.A.

By:	/s/ Mary E. Pohl	By:	/s/ Luca Sacchi
	Name: Mary E. Pohl		Name: Lucca Sacchi
	Title: Relationship Manager		Title: VP

		By:	/s/ D. Mara Lowensta
			Name: D. Mara Lowensta
			Title: General Counsel VP


STATE STREET BANK & TRUST COMPANY		THE NORTHERN TRUST COMPANY

By:	/s/ Janet B. Molin	By:	/s/ Lisa Mcdermott
	Name: Janet B. Molin		Name: Lisa McDermott
	Title: VP		Title: VP

Consent under 364-Day Credit Agreement

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SCHEDULE II

Material Agreements

List of all debt instruments or facilities of International Paper Company and its subsidiaries with outstanding balance or commitments of at least $150,000,000 as of December 31, 2005.


Issue		Principal Amount
7 5/8% Note Due 2007		198,000,000
6 7/8% Note Due 2029		155,535,000
6 7/8% Note Due 2023		200,000,000
6 3/4% Note Due 2011		818,536,000
7.35% Debentures Due 2025		174,995,000
6.4% Debentures Due 2026		200,000,000
7.2% Debentures Due 2026		200,000,000
5.85% Note Due 2012		966,640,000
5.3% Note Due 2015		542,467,000
5.5% Note Due 2014		403,030,000
5.25% Note Due 2016		352,895,000
5 3/8% Euro Note Due 2006		296,101,042
3.8% Note Due 2008		294,190,000
4.25% Note Due 2009		425,365,000
4.0% Note Due 2010		433,175,000
Zero Coupon Convertible Note Due 2021		1,184,665,230
Floating Note Due 2010		350,000,000
Floating Note Due 2007		499,362,311

Subsidiaries		Principal Amount
IP Investment France Euro Floating Note Due 2009		592,452,159
IP Investments (Luxembourg) S.a.r.l. Floating Note Due 2010		700,000,000

Bank Facility		Outstanding
$750,000,000 R/C Facility Due 2006		—
$1,250,000,000 R/C Facility Due 2009		—
$1,200,000,000 CP Financing Due 2007		—

Schedule II to 364-Day Credit Agreement