Notice of Reduction of Aggregate Commitments under Credit Agreement between Seaboard Corporation and Lenders

Summary

Seaboard Corporation notifies Bank of America, N.A. and other lenders that it is permanently reducing the total available commitments under their $200 million revolving credit facility by $100 million, effective October 27, 2005. This notice is issued in accordance with the terms of the existing credit agreement dated December 3, 2004. The key obligation is the reduction of the lenders' aggregate commitments as specified in the agreement.

EX-4.1 2 ex4-1.txt NOTICE OF REDUCTION OF AGGREGATE COMMITMENTS UNDER CREDIT AGREEMENT Exhibit 4.1 Via Courier and Electronic Mail October 21, 2005 Bank of America, N.A. Agency Management Attn: Joan Mok 1455 Market Street, 5th Floor CA5-701-05-19 San Francisco, CA 94103 Re: Notice of Reduction of Aggregate Commitments under Credit Agreement dated as of December 3, 2004 among Seaboard Corporation, Bank of America, N.A., Scotia Capital, Inc., Harris Trust and Savings Bank and Suntrust Bank and the Other Lenders Party Hereto Ladies and Gentlemen: Pursuant to Section 2.06 of the $200,000,000 Revolving Credit Facility in reference, this letter serves to notify you of our intent to permanently reduce the Aggregate Commitments in the amount of $100,000,000, effective October 27, 2005. Sincerely, /s/ Robert L. Steer Robert L. Steer Senior Vice President, CFO and Treasurer