First Amendment to Back-to-Back Loan Agreement between NL Industries, Inc., as Borrower, and NLKW Holding, LLC, as Lender, dated as of November 9, 2022
FIRST AMENDMENT TO BACK-TO-BACK LOAN AGREEMENT
This First Amendment to Back-to-Back Loan Agreement (this “Amendment”) dated as of November 9, 2022 (the “Amendment Effective Date”), is entered into between NL Industries, Inc., a New Jersey corporation (the “Borrower”), and NLKW Holding, LLC, a Delaware limited liability company (the “Lender”).
RECITALS
A. Borrower and Lender entered into that certain Back-to-Back Loan Agreement dated as of November 14, 2016 (the “Agreement”).
B.The parties desire to amend the Agreement pursuant to the terms and conditions set forth herein.
NOW THEREFORE, the parties, intending to be legally bound, agree as follows:
“Maturity Date” means the earlier to occur of December 31, 2030, (b) the date on which the maturity of the Back-to-Back Loans is accelerated (or deemed accelerated) hereunder and (c) the Back-to-Back Revolving Credit Commitment is reduced to zero or terminated.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the Amendment Effective Date by their respective officers thereunto duly authorized.
NL INDUSTRIES, INC.,
as Borrower
By: /s/Amy A. Samford
Amy A. Samford,
Executive Vice President and Chief
Financial Officer
NLKW HOLDING, LLC,
as Lender
By: /s/Courtney J. Riley
Courtney J. Riley,
President and Chief Executive Officer
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