$2,000,000,000 AMENDMENT NO. 2 dated as of May 7, 2007 to the Five-Year Credit Agreement dated as of May 20, 2004 among
Exhibit 4.1
$2,000,000,000
AMENDMENT NO. 2
dated as of May 7, 2007
to the Five-Year Credit Agreement
dated as of May 20, 2004
among
Marathon Oil Corporation
The Co-Agents and Other Lenders Party Hereto
Bank of America, N.A.,
as Syndication Agent
Citibank, N.A. and
Morgan Stanley Bank,
as Documentation Agents,
and
JPMorgan Chase Bank, N.A.,
as Administrative Agent
AMENDMENT NO. 2 TO FIVE-YEAR CREDIT AGREEMENT
AMENDMENT dated as of May 7, 2007 to the Five-Year Credit Agreement dated as of May 20, 2004 (as heretofore amended, the Credit Agreement) among MARATHON OIL CORPORATION (the Borrower), the CO-AGENTS and other LENDERS (the Lenders) party hereto, BANK OF AMERICA, N.A., as Syndication Agent, CITIBANK, N.A. and MORGAN STANLEY BANK, as Documentation Agents and JPMORGAN CHASE BANK, N.A., as Administrative Agent (the Administrative Agent).
W I T N E S S E T H :
WHEREAS, the Borrower has requested an extension of the term of the Credit Agreement pursuant to Section 2.19 of the Credit Agreement; and
WHEREAS, the parties desire to memorialize such extension through this Amendment rather than through the documentary procedures set out in Section 2.19 of the Credit Agreement; and
WHEREAS, the parties hereto desire to amend Section 2.16(b) of the Credit Agreement as set forth herein;
NOW, THEREFORE, the parties hereto agree as follows:
Section 1. Defined Terms; References. Unless otherwise specifically defined herein, each term used herein that is defined in the Credit Agreement has the meaning assigned to such term in the Credit Agreement. Each reference to hereof, hereunder, herein and hereby and each other similar reference and each reference to this Agreement and each other similar reference contained in the Credit Agreement shall, after this Amendment becomes effective, refer to the Credit Agreement as amended hereby.
Section 2. Amendment. Section 2.16(b) of the Credit Agreement is amended by changing the amount specified therein from $2,500,000,000 to $3,000,000,000.
Section 3. Extension of Termination Date. The Termination Date is extended for a period of one-year to May 4, 2012, with respect to each Lender executing and delivering a counterpart hereof.
Section 4. Representations of Borrower. The Borrower represents and warrants that (i) the representations and warranties of the Borrower set forth in Article 4 of the Credit Agreement will be true on and as of the Amendment Effective Date and (ii) no Event of Default will have occurred and be continuing on such date.
Section 5. Effect of Amendments. Except as expressly set forth herein, the amendments contained herein shall not constitute a waiver or amendment of any term or condition of the Credit Agreement, and all such terms and conditions shall remain in full force and effect and are hereby ratified and confirmed in all respects.
Section 6. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York.
Section 7. Counterparts. This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.
Section 8. Effectiveness. This Amendment shall become effective as of the date hereof (the Amendment Effective Date), subject to satisfaction of the following conditions:
(a) the Administrative Agent shall have received from the Borrower and from Lenders comprising the Required Lenders a counterpart hereof signed by such party or facsimile or other written confirmation (in form satisfactory to the Administrative Agent) that such party has signed a counterpart hereof; and
(b) the Administrative Agent shall have received an opinion of the General Counsel or Assistant General Counsel of the Borrower dated as of the Amendment Effective Date, in form and substance satisfactory to the Administrative Agent.
3
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.
| MARATHON OIL CORPORATION | |||||
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| By: |
| /s/ P.C. Reinbolt | ||
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| Name: |
| P.C. Reinbolt |
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| Title: |
| VP Finance & Treasurer |
| Administrative Agent | |||||
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| JPMORGAN CHASE BANK, N.A., as Administrative Agent and as Lender | ||||
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| By: |
| /s/ Kevin J. Utsey | ||
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| Name: |
| Kevin J. Utsey |
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| Title: |
| Vice President |
| Syndication Agent | |||||
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| BANK OF AMERICA, N.A., as Syndication Agent and as Lender | ||||
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| By: |
| /s/ Ronald E. McKaig | ||
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| Name: |
| Ronald E. McKaig |
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| Title: |
| Senior Vice President |
| Documentation Agent | |||||
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| MORGAN STANLEY BANK, as a Documentation Agent and as Lender | ||||
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| By: |
| /s/ Daniel Twenge | ||
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| Name: |
| Daniel Twenge |
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| Title: |
| Authorized Signatory |
| CITIBANK, N.A., as a Documentation Agent and as Lender | |||||
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| By: |
| /s/ Amy Pincu | ||
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| Name: |
| Amy Pincu |
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| Title: |
| Attorney-in-Fact |
| Lenders | |||||
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| ABN AMRO BANK N.V. | ||||
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| By: |
| /s/ Sheldon Stoughton | ||
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| Name: |
| Sheldon Stoughton |
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| Title: |
| Managing Director |
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| By: |
| /s/ Joshua Wolf | ||
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| Name: |
| Joshua Wolf |
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| Title: |
| Director |
| BNP PARIBAS | |||||
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| By: |
| /s/ Polly Schott | ||
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| Name: |
| Polly Schott |
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| Title: |
| Vice President |
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| By: |
| /s/ Robert Long | ||
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| Name: |
| Robert Long |
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| Title: |
| Vice President |
| THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. | |||||
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| By: |
| /s/ Kelton Glasscock | ||
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| Name: |
| Kelton Glasscock |
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| Title: |
| Vice President & Manager |
| DEUTSCHE BANK AG NEW YORK BRANCH | |||||
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| By: |
| /s/ Marcus Tarkington | ||
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| Name: |
| Marcus Tarkington |
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| Title: |
| Director |
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| By: |
| /s/ Rainer Meier | ||
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| Name: |
| Rainer Meier |
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| Title: |
| Vice President |
| LEHMAN BROTHERS BANK, FSB | |||||
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| By: |
| /s/ Janine M. Shugan | ||
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| Name: |
| Janine M. Shugan |
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| Title: |
| Authorized Signatory |
| NATIONAL CITY BANK | |||||
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| By: |
| /s/ Thomas E. Redmond | ||
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| Name: |
| Thomas E. Redmond |
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| Title: |
| Senior Vice President |
| THE BANK OF NOVA SCOTIA | |||||
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| By: |
| /s/ Andrew Ostrov | ||
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| Name: |
| Andrew Ostrov |
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| Title: |
| Director |
| SOCIETE GENERALE | |||||
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| By: |
| /s/ Kevin C. Joyce | ||
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| Name: |
| Kevin C. Joyce |
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| Title: |
| Vice President |
| FIFTH THIRD BANK | |||||
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| By: |
| /s/ Mike Mondenav | ||
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| Name: |
| Mike Mondenav |
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| Title: |
| Vice President |
| THE BANK OF NEW YORK | |||||
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| By: |
| /s/ John-Paul Marotta | ||
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| Name: |
| John-Paul Marotta |
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| Title: |
| Managing Director |
| COMERICA BANK | |||||
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| By: |
| /s/ Chuck Johnson | ||
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| Name: |
| Chuck Johnson |
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| Title: |
| Vice President |
| CREDIT SUISSE, Cayman Islands Branch, | |||||
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| By: |
| /s/ David Dodd | ||
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| Name: |
| David Dodd |
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| Title: |
| Vice President |
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| By: |
| /s/ Mikhail Faybusovich | ||
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| Name: |
| Mikhail Faybusovich |
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| Title: |
| Associate |
| DNB NOR BANK ASA | |||||
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| By: |
| /s/ Erlend Bryn | ||
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| Name: |
| Erlend Bryn |
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| Title: |
| Vice President |
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| By: |
| /s/ Barbara Gronquist | ||
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| Name: |
| Barbara Gronquist |
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| Title: |
| Senior Vice President |
| MIZUHO CORPORATE BANK, LTD. | |||||
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| By: |
| /s/ L. Mo | ||
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| Name: |
| L. Mo |
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| Title: |
| Senior Vice President |
| THE ROYAL BANK OF SCOTLAND PLC | |||||
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| By: |
| /s/ Lucy Walker | ||
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| Name: |
| Lucy Walker |
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| Title: |
| Vice President |
| STANDARD CHARTERED BANK | |||||
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| By: |
| /s/ Michael Gouvion | ||
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| Name: |
| Michael Gouvion |
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| Title: |
| Director |
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| By: |
| /s/ Robert K. Reddington | ||
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| Name: |
| Robert K. Reddington |
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| Title: |
| AVP Credit Documentation Credit Risk Control |
| SUMITOMO MITSUI BANKING CORPORATION | |||||
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| By: |
| /s/ William M. Ginn | ||
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| Name: |
| William M. Ginn |
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| Title: |
| General Manager |
| WACHOVIA BANK, NATIONAL ASSOCIATION | |||||
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| By: |
| /s/ Allison Newman | ||
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| Name: |
| Allison Newman |
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| Title: |
| Vice President |
| WILLIAM STREET COMMITMENT CORPORATION (Recourse only to assets of William Street Commitment Corporation) | |||||
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| By: |
| /s/ Mark Walton | ||
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| Name: |
| Mark Walton |
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| Title: |
| Assistant Vice-President |
| US BANK, N.A. | |||||
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| By: |
| /s/ Frances W. Josephic | ||
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| Name: |
| Frances W. Josephic |
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| Title: |
| Vice President |
| BAYERISCHE LANDESBANK, acting through its Cayman Islands Branch | |||||
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| By: |
| /s/ Nikolai von Mengden | ||
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| Name: |
| Nikolai von Menden |
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| Title: |
| Senior Vice President |
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| By: |
| /s/ Donna M. Quilty | ||
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| Name: |
| Donna M. Quilty |
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| Title: |
| Vice President |
| RIYAD BANK | |||||
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| By: |
| /s/ William B. Shepard | ||
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| Name: |
| William B. Shepard |
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| Title: |
| General Manager |
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| By: |
| /s/ Paul N. Travis | ||
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| Name: |
| Paul N. Travis |
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| Title: |
| Vice President & Head of Corporate Finance |
| BANCO BILBAO VIZCAYA ARGENTARIA | |||||
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| By: |
| /s/ Emilio de las Heras | ||
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| Name: |
| Emilio de las Heras |
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| Title: |
| Head of New York |
| AMEGY BANK NATIONAL ASSOCIATION | |||||
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| By: |
| /s/ W. Bryan Chapman | ||
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| Name: |
| W. Bryan Chapman |
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| Title: |
| Senior Vice President |
| ARAB BANKING CORPORATION | |||||
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| By: |
| /s/ Thomas Cahalane | ||
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| Name: |
| Thomas Cahalane |
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| Title: |
| Asst. GM/Admin |
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| By: |
| /s/ Rami El Rifai | ||
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| Name: |
| Rami El Rifai |
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| Title: |
| Vice President |