Notice of Termination of 364-Day Revolving Credit Agreement between Worthington Industries, Inc. and PNC Bank, National Association
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Summary
Worthington Industries, Inc. notifies PNC Bank, National Association, as Administrative Agent, of its decision to terminate the 364-Day Revolving Credit Agreement effective November 29, 2002. This notice, sent in accordance with the agreement's terms, formally ends the revolving credit facility between the parties. PNC Bank acknowledges receipt of this termination notice. The agreement will no longer be in effect after the specified date.
EX-4.I.V 4 l98230aexv4wiwv.txt EX-4(I)(V) NOTICE-TERMIN. OF 364-DAY REVOLV. AGRMT EXHIBIT 4(i)(v) [WORTHINGTON INDUSTRIES LETTERHEAD] November 21, 2002 VIA FACSIMILE AND OVERNIGHT CARRIER PNC Bank, National Association 249 5th Avenue Pittsburgh, Pennsylvania 15222 Attention: David Gookin Re: Termination of 364-Day Revolving Credit Dear David: Reference is hereby made to the 364-Day Revolving Credit Agreement dated as of May 10, 2002 among Worthington Industries, Inc. (the "Borrower"), the Lenders party thereto, and PNC Bank, National Association, as Administrative Agent (the "364-Day Credit Agreement"). This letter constitutes notice, pursuant to Section 2.10(a) of the 364-Day Credit Agreement, of Borrower's request that the Revolving Committed Amount under, and as defined in, the 364-Day Credit Agreement be terminated in full as of November 29, 2002. Please call if you have questions or need additional information, and fax an executed acknowledgment of this letter to me at ###-###-####. Thank you for your attention to this matter. Sincerely, /s/ John T. Baldwin John T. Baldwin Vice President and Chief Financial Officer Acknowledged: PNC Bank, National Association, as Administrative Agent By: /s/ David B. Gookin --------------------------------- Name: David B. Gookin Title: Managing Director