Exhibit 4.9
364-day Facility Agreement
Note: This is a template document setting out a majority of the terms of the 364-day Facility
Agreement signed by James Hardie International Finance B.V. in November 2008. The actual signed
364-day Facility Agreement differs from previous 364-day facilities entered into with other
lenders. [] indicates text has been deleted in this template document to reflect those
differences.
James Hardie 364-day
Facility Agreement
Dated [] 2008
James Hardie International Finance B.V. (Borrower and Obligors Agent)
[](Financier)
Mallesons Stephen Jaques
Level 61
Governor Phillip Tower
1 Farrer Place
Sydney NSW 2000
Australia
T +61 2 9296 2000
F +61 2 9296 3999
DX 113 Sydney
www.mallesons.com
James Hardie 364-day Facility Agreement
Contents
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Details |
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1 |
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General terms |
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1 Definitions |
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1.1 Definitions |
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1.2 Interaction with the Common Terms Deed Poll |
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2 The Facility and Facility Limit |
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2.1 Financier to fund |
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2.2 Maximum accommodation |
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3 Using the Facility |
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3.1 Drawing down |
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3.2 Requesting a drawdown |
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3.3 Effect of a Drawdown Notice |
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3.4 Conditions to first drawdown |
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3.5 Conditions to all drawdowns |
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3.6 Benefit of conditions |
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3.7 Currency and timing of drawdowns |
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4 Interest |
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4.1 Interest charges |
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4.2 Selection of Interest Period |
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4.3 When Interest Periods begin and end |
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4.4 Limit on Interest Periods |
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4.5 Notification of interest |
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4.6 Market disruption |
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4.7 Alternative basis of interest or funding |
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5 Repaying and prepaying |
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5.1 Repayment |
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5.2 Prepayment |
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5.3 Prepayment and the Facility Limit |
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6 Payments |
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6.1 Payment by direction |
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6.2 Amount Owing |
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6.3 Application of payments pre-default |
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6.4 Application of payments post-default |
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7 Cancellation |
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10 |
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8 Fees |
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[] |
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9 Financier representation |
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10 Interest on overdue amounts |
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10.1 Obligation to pay |
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10.2 Compounding |
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10.3 Interest following judgment |
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11 Money Laundering |
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12 |
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Schedule 1 - Drawdown Notice (clause 3) |
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Schedule 2 - Selection Notice (clause 4.2) |
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Schedule 3 - Repayment Notice (clause 5.1) |
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Schedule 4 - Prepayment Notice (clause 5.2) |
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Signing page |
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20 |
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James Hardie 364-day Facility Agreement
Details
Interpretation Definitions are in clause 1.
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Parties |
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Borrower, Obligors Agent and Financier, each as described below. |
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Borrower and
Obligors Agent
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Name
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James Hardie International Finance B.V. |
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Corporate seat
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Amsterdam |
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Registered Number
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34108775 |
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Address
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8th Floor, Atrium, Unit 08 |
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Strawinskylaan 3077 |
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1077 ZX Amsterdam |
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The Netherlands |
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Fax
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+ 31 20 404 2544 |
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Attention
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Treasurer |
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Financier
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Name
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[] |
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ABN
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Address
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Fax
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Attention
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Facility
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Description
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Revolving US$ cash advance facility. |
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Facility Limit
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US$[] |
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Maturity Date
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The day 364 days after the date of this agreement. |
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Currency
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US$ |
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Interest Rate
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For an Interest Period, means LIBOR plus the Margin. |
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Margin
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[] |
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Interest Periods
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Subject to clause 4.2 (Selection of Interest Period), 1,
2, 3 or 6 months, or such other period as agreed between
the Borrower and |
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Financier. |
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Purpose
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For the payment of taxation. |
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Fees
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(also see clause 8) |
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[] |
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Date of agreement
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See Signing page. |
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James Hardie 364-day Facility Agreement
General terms
1 |
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Definitions |
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1.1 |
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Definitions |
Amount Owing means the total of all amounts which are then due for payment, or which will
or may become due for payment, in connection with any Financing Document (including
transactions in connection with them) to the Financier.
Availability Period means the period commencing on the date of this agreement and ending on
the Maturity Date or, if earlier, the date on which the Facility Limit is cancelled in
full.
Borrower means the person so described in the Details.
Common Terms Deed Poll means the amended and restated deed poll entitled James Hardie -
Common Terms Deed Poll entered into by the Borrower, James Hardie Building Products, Inc.
and the Guarantor on 20 February 2008.
Default Rate means the applicable Interest Rate at the time plus 2% per annum. For the
purpose of this definition, the Interest accrues daily from (and including) the due date to
(but excluding) the date of actual payment and is calculated on actual days elapsed and a
year of 360 days as if the overdue amount is a cash advance with Interest Periods of 30
days (or another period chosen from time to time by the Financier) with the first Interest
Period starting on and including the due date.
Details means the section of this agreement headed Details.
Drawdown Date means the Business Day on which a drawdown of the Facility is or is to be
made but does not include a rollover of a Drawing on the last day of an Interest Period.
Drawdown Notice means a completed notice in writing, substantially in the form of, and
containing the information and representations and warranties set out in, schedule 1
(Drawdown Notice) and signed by an Authorised Officer of the Obligors Agent.
Drawing means the outstanding principal amount of a drawdown made under the Facility.
Facility means the facility made available under this agreement.
Facility Limit means the amount set out as such in the Details as reduced by the total of
all cancellations under this agreement.
Fee Payment Date means each 31 March, 30 June, 30 September and 31 December after the date
of this agreement.
Financier means the person so described in the Details.
Financing Document means each of:
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this agreement; |
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(b) |
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the Common Terms Deed Poll; |
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(c) |
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the Guarantee and Subordination Documents; |
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(d) |
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each Drawdown Notice; |
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(e) |
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each Selection Notice; |
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(f) |
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[]; |
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(g) |
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[]; |
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(h) |
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[]; |
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(i) |
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any other document which the Obligors Agent and the Financier agree to be a
Financing Document; and |
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(j) |
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any document entered into for the purpose of amending or novating any of the
above. |
Free Cash Flow has the same meaning as set out in the Common Terms Deed Poll.
Interest Payment Date means, in respect of an Interest Period, the last day of that
Interest Period.
Interest Period means each period selected in accordance with clause 4.2 (Selection of
Interest Period).
Interest Rate means, subject to clause 4.6 (Market disruption), the interest rate set out
in the Details.
LIBOR means, in relation to any Drawing:
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the applicable British Bankers Association Interest Settlement Rate for US$
and the relevant period displayed on the appropriate page of the Reuters screen (but
if the agreed page is replaced or service ceases to be available, the Financier may
specify another page or service displaying the appropriate rate after consultation
with the Obligors Agent) (Screen Rate); or |
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(b) |
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(if no Screen Rate is available for US$ and the Interest Period of that
Drawing) the arithmetic mean of the rates (rounded upwards to four decimal places) as
supplied to the Financier at its request quoted by the principal London offices of at
least three leading international banks chosen by the Financier in consultation with
the Obligors Agent to other leading banks in the London interbank market, |
as of 11:00am (London time) on the day two Business Days before the first day of an
Interest Period for which the interest rate is to be determined for the offering of
deposits in US$ and for a period comparable to the Interest Period for that Drawing.
Margin means on any day, the margin set out in the Details.
Market Disruption Event means:
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at or about noon on the day two Business Days before the first day of an
Interest Period for which the interest rate is to be determined, by reason of
circumstances affecting the London interbank market for US$, the LIBOR component of
the Interest Rate cannot be determined; or |
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(b) |
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before close of business in London on the day two Business Days before the
first day of an Interest Period for which the interest rate is to be determined, the
Financier determines that the cost to it of obtaining matching deposits in the London
interbank market would be in excess of LIBOR. |
Maturity Date means the maturity date for the Facility as set out in the Details, but if
that is not a Business Day, then the preceding Business Day.
Prepayment Notice means a completed notice in writing, substantially in the form of, and
containing the information set out in, schedule 4 (Prepayment Notice) and signed by an
Authorised Officer of the Obligors Agent.
Repayment Notice means a completed notice in writing, substantially in the form of, and
containing the information set out in, schedule 3 (Repayment Notice) and signed by an
Authorised Officer of the Obligors Agent.
Review Date means:
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the date 6 months from the date of this agreement; and |
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thereafter, each date 6 months before the then Maturity Date. |
Selection Notice means a notice under clause 4.2(b) (Selection of Interest Period), to be
substantially in the form of schedule 2 (Selection Notice).
Undrawn Facility Limit means the Facility Limit less the aggregate of all Drawings
outstanding.
1.2 |
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Interaction with the Common Terms Deed Poll |
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(a) |
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The Borrower acknowledges that: |
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the Financier is a Creditor; and |
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(ii) |
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this agreement is a Facility Agreement, |
for the purposes of the Common Terms Deed Poll.
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(b) |
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On execution of this agreement, the provisions of the Common Terms Deed Poll
(subject to paragraph (d) below) are incorporated into this agreement to the intent
and effect that any such provision for the benefit of a Creditor or the Borrower (as
defined in the Common Terms Deed Poll) |
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may be enforced by the Financier or the
Borrower to the same extent as if the Financier was a party to the Common Terms Deed
Poll. |
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(c) |
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A term which has a defined meaning (including by reference to another
document) in the Common Terms Deed Poll has the same meaning when used in this
agreement unless it is expressly defined in this agreement, in which case the meaning
in this agreement prevails. |
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(d) |
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Where a conflict arises between a provision of the Common Terms Deed Poll and
this agreement, the Common Terms Deed Poll will prevail unless the provision in this
agreement includes words substantially to the effect of Despite the terms of the
Common Terms Deed Poll, in which case the relevant provision of this agreement
prevails. |
2 |
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The Facility and Facility Limit |
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2.1 |
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Financier to fund |
The Financier agrees to provide to the Borrower the financial accommodation requested by
the Obligors Agent under this agreement.
2.2 |
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Maximum accommodation |
The financial accommodation to be provided under this agreement must not exceed the
Facility Limit.
3 |
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Using the Facility |
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3.1 |
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Drawing down |
The Borrower need not use the Facility. However, if the Borrower wants to use the
Facility, it may do so by one or more drawdowns.
3.2 |
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Requesting a drawdown |
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(a) |
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If the Borrower wants a drawdown, the Obligors Agent must provide a written
Drawdown Notice to the Financier by 11:00am (London time) at least 2 Business Days
prior to the requested Drawdown Date (or such later time as the Financier may agree). |
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(b) |
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The minimum amount of a Drawing is the lesser of: |
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US$1,000,000; and |
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the Undrawn Facility Limit. |
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(c) |
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Unless the Drawing is for the Undrawn Facility Limit, the Drawing must be in
integral multiples of US$[] |
3.3 |
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Effect of a Drawdown Notice |
A Drawdown Notice is effective when the Financier actually receives it in legible form. An
effective Drawdown Notice is irrevocable.
3.4 |
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Conditions to first drawdown |
The Borrower agrees not to request the first drawdown, and a Financier is not obliged to
provide the first drawdown, unless:
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all the conditions precedent listed in clause 3 (Conditions precedent) of
the Common Terms Deed Poll have been either satisfied or waived in accordance with
that agreement; and |
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(b) |
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a completed Facility Nomination Letter nominating this agreement as a
Facility Agreement has been received by the Financier. |
3.5 |
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Conditions to all drawdowns |
In addition to the conditions precedent in clause 3 (Conditions precedent) of the Common
Terms Deed Poll, the Financier need not provide any financial accommodation on a Drawdown
Date unless it is satisfied that:
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the Drawdown Date is a Business Day during the Availability Period for the
Facility; |
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(b) |
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the amount of the Drawing equals or exceeds the minimum drawdown amount set
out in clause 3.2(b) (Requesting a drawdown); |
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(c) |
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after the Drawing has been made, the sum of all outstanding Drawings will not
exceed the Facility Limit; |
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(d) |
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the Financier has received a Drawdown Notice in respect of the requested
drawdown in accordance with clause 3.2 (Requesting a drawdown); and |
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(e) |
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the proposed Drawing is for the purpose set out in the Details. |
3.6 |
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Benefit of conditions |
Each condition to a drawdown is for the sole benefit of the Financier and may only be
waived by the Financier.
3.7 |
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Currency and timing of drawdowns |
The Financier agrees to make each drawdown available to the account specified in the
relevant Drawdown Notice in immediately available US$ funds by 2:00pm (local time in
Amsterdam) on the relevant Drawdown Date.
4 |
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Interest |
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4.1 |
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Interest charges |
The Borrower must pay interest on each Drawing for each of its Interest Periods at the
applicable Interest Rate. Interest:
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accrues daily from and including the first day of an Interest Period to but
excluding the last day of the Interest Period; and |
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is payable in arrears on each relevant Interest Payment Date; and |
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is calculated on actual days elapsed and a year of 360 days. |
4.2 |
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Selection of Interest Period |
An Interest Period for a Drawing is:
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for the first Interest Period, the period specified in the Drawdown Notice
for that Drawing; and |
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for each subsequent Interest Period, a period notified in a Selection Notice
given by the Obligors Agent to the Financier on the Business Day before the last day
of the current Interest Period. However, in each case, the specified period must be
one that is set out in the Details. If the Obligors Agent does not give correct
notice, the subsequent Interest Period is the same length as the Interest Period which
immediately precedes it (or it is the period until the Maturity Date, if that is
shorter than the preceding Interest Period). |
4.3 |
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When Interest Periods begin and end |
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An Interest Period for a Drawing begins: |
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for the first Interest Period, on its Drawdown Date; and |
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(ii) |
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for each subsequent Interest Period, on the day when the
preceding Interest Period for the Drawing ends. |
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An Interest Period which would otherwise end on a day which is not a Business
Day ends on the next Business Day (unless that day falls in the following month, in
which case the Interest Period ends on the previous Business Day). However, an
Interest Period which would otherwise end after the Maturity Date ends on the Maturity
Date. |
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(c) |
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If an Interest Period of one or a number of months commences on a date in a
month for which there is no corresponding date in the month in which the Interest
Period is to end, it will end on the last Business Day of the latter month. |
4.4 |
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Limit on Interest Periods |
In selecting Interest Periods under clause 4.2 (Selection of Interest Period), the
Obligors Agent must ensure that there are no more than 5 different Interest Periods at any
one time.
4.5 |
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Notification of interest |
Interest on a Drawing is payable in immediately available funds.
The Financier will notify the Obligors Agent of the interest rates determined under this
agreement as soon as they are ascertained. Failure to do so will not affect the
obligations of the Borrower in any way.
If a Market Disruption Event occurs in relation to a Drawing for any Interest Period, then
the Interest Rate on that Drawing for the Interest Period shall be the rate per annum which
is the sum of:
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the Margin; and |
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(b) |
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the rate notified by the Financier as soon as practicable and in any event
before interest is due to be paid in respect of that Interest Period, to be that which
expresses as a percentage rate per annum the cost to the Financier of funding its
participation in that Drawing from whatever source it may reasonably select. |
4.7 |
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Alternative basis of interest or funding |
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(a) |
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If a Market Disruption Event occurs and the Financier or the Borrower so
requires, the Financier and the Obligors Agent shall enter into negotiations (for a
period of not more than thirty days) with a view to agreeing a substitute basis for
determining the rate of interest. |
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(b) |
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Any alternative basis agreed pursuant to paragraph (a) above shall, with the
prior consent of the Financier and the Obligors Agent, be binding on each of them and
the Borrower. |
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(c) |
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For the avoidance of doubt, in the event that no substitute basis is agreed
at the end of the thirty day period, the rate of interest shall continue to be
determined in accordance with the terms of this agreement. |
5 |
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Repaying and prepaying |
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5.1 |
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Repayment |
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(a) |
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The Borrower agrees to repay the total of the Drawings and all interest and
other amounts (including default interest) which have accrued or which are otherwise
payable (but unpaid) in respect of this agreement on the Maturity Date. |
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(b) |
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The Obligors Agent must provide a written Repayment Notice to the Financier
by 11:00am (Sydney time) at least 2 Business Days prior to the Maturity Date (or such
later time as the Financier may agree), but failure to do so is without prejudice to
the obligations of the Borrower under clause 5.1(a) above. |
The Borrower may prepay all or part of a Drawing as follows:
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(a) |
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if only part of a Drawing is prepaid, it must be at least US$1,000,000 and a
whole multiple of US$500,000, or such lesser amount as may be agreed by the Financier
(at its discretion) from time to time; and |
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(b) |
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the Borrower must also pay all accrued (but unpaid) interest on that Drawing;
and |
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the Obligors Agent must provide a written Prepayment Notice to the Financier
at least 10 Business Days prior to the date of the requested prepayment (as at close
of business Sydney time) (once given, a notice of prepayment is irrevocable and the
Borrower is obliged to prepay in accordance with the notice). |
If the prepayment is made on an Interest Payment Date for the Drawing to be prepaid, no
Break Costs are payable. However, if the Borrower prepays on a day other than the Interest
Payment Date for the Drawing to be prepaid and the Financier incurs any Break Costs as a
result of such prepayment, then the Borrower will be liable for Break Costs (if any) under
clause 12 (Costs and indemnities) of the Common Terms Deed Poll.
5.3 |
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Prepayment and the Facility Limit |
The Facility Limit is not reduced by amounts prepaid under clause 5.2 (Prepayment).
6 |
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Payments |
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6.1 |
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Payment by direction |
If the Financier directs the Borrower to pay a particular party or in a particular manner,
the Borrower is taken to have satisfied its obligation to the Financier by paying in
accordance with the direction.
Subject to the provisions of any Financing Document, the Borrower agrees to repay the
Amount Owing on the Maturity Date under this agreement.
6.3 |
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Application of payments pre-default |
Prior to an Event of Default, the Financier will apply amounts paid by the Borrower in
accordance with the terms of the Financing Documents.
6.4 |
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Application of payments post-default |
If an Event of Default subsists, the Financier may apply amounts paid by the Borrower
towards satisfaction of the Borrowers obligations under the Financing Documents in the
manner it sees fit, unless the Financing Documents expressly provide otherwise. This
appropriation overrides any purported appropriation by the Borrower or any other person.
The Obligors Agent may cancel the Undrawn Facility Limit in whole or in part at any time
during the Availability Period by notifying the Financier in writing at least 2 Business
Days prior to the date the cancellation is to take effect. A partial cancellation must be
at least US$1,000,000, unless the Financier agrees otherwise. Once given, the notice is
irrevocable. The Facility Limit is reduced by the amount of any cancellation.
The Facility Limit is automatically cancelled at 5:30pm (Sydney time) on the last day of
the Availability Period.
8 |
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Fees |
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9 |
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[]Financier representation |
The Financier represents that it is [company from which redeemable funds
will be obtained in an amount of at least EUR 50,000 (or the equivalent in
another currency) and accordingly it is] a PMP within the meaning of this agreement as at
the date of execution of this agreement.
The Borrower acknowledges that in making this representation the Financier relies on, and
has not independently investigated, the definition of PMP set out in the Common Terms Deed
Poll.
10 |
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Interest on overdue amounts |
This clause applies despite the provisions of the Common Terms Deed Poll.
If the Borrower does not pay any amount under or in respect of this agreement (including an
amount of interest payable under this clause 10.1) on the due date for payment, the
Borrower must pay interest on that amount at the Default Rate. The interest accrues daily
from (and including) the due date to (but excluding) the date of actual payment and is
calculated on actual days elapsed and a year of 360 days.
The Borrower must pay interest under this clause to the Financier on demand from the
Financier on the last Business Day of each calendar month.
Interest payable under clause 10.1 (Obligation to pay) which is not paid when due for
payment may be added to the overdue amount by the Financier on the last Business Day of
each calendar month. Interest is payable on the increased overdue amount at the Default
Rate in the manner set out in clause 10.1 (Obligation to pay).
10.3 |
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Interest following judgment |
If a liability becomes merged in a judgment, the Borrower must pay interest on the amount
of that liability as an independent obligation. This interest:
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accrues daily from (and including) the date the liability becomes due for
payment both before and after the judgment up to (but excluding) the date the
liability is paid; and |
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(b) |
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is calculated at the judgment rate or the Default Rate (whichever is higher). |
The Borrower agrees that the Financier may delay, block, or refuse to make any payment if
the Financier believes on reasonable grounds that making that payment will breach any law
in Australia or any other country where such payment is to be made, and the Financier will
incur no liability to the Borrower if it does so.
The Borrower agrees to provide all information to the Financier that the Financier
reasonably requires to comply with any law in Australia or any other country. The Borrower
agrees the Financier may disclose information which it provides to the Financier where
required by any law in Australia or any other country.
Unless the Borrower has disclosed that it is acting in a trustee capacity or on behalf of
another party, the Borrower warrants that it is acting on its own behalf in applying for
and using any of the Financiers products or services.
The Borrower declares and undertakes to the Financier that the payment of monies by the
Financier in accordance with any written instructions given by the Borrower will not breach
any law in Australia or any other country where such money is to be paid.
EXECUTED as an agreement.
James Hardie 364-day Facility Agreement
Schedule 1 Drawdown Notice (clause 3)
To: [ ]
Attention: [ ]
Fax: [ ]
[Date]
Drawdown Notice James Hardie 364-day Facility Agreement dated [ ] November 2008 between
James Hardie International Finance B.V. (Borrower and Obligors Agent) and [] (Financier)
(Facility Agreement)
Under clause 3.2 (Requesting a drawdown) of the Facility Agreement, the Obligors Agent gives
notice as follows.1
The Borrower wants to borrow under the Facility.
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The requested Drawdown Date is [].2 |
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The amount of the proposed drawdown is US$[]. |
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The requested first Interest Period is []. |
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The proposed drawdown is to be paid to: |
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Account number:
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[] |
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Account name:
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[] Bank:
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[] Branch:
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[] Branch identifying |
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number (Fedwire, BSB, etc): |
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Representations and Warranties
The Borrower represents and warrants that:
[for the first Drawdown only]: the representations and warranties in clause 8 (Representations and
warranties) of the Common Terms Deed Poll are correct and not misleading on the date of this
notice and that each will be correct and not misleading on the Drawdown Date.
[for any subsequent Drawdown]: those representations and warranties listed in clause 3.2(a)
(Conditions to subsequent drawdowns) of the Common Terms Deed Poll as required to be true on the
date of each drawdown notice, are correct and not misleading on the date of this notice and that
each will be correct and not misleading on the Drawdown Date.
No Event of Default or Potential Event of Default subsists at the date of this notice or will
result from the provision of the requested utilisation.
Clause 1 (Definitions) of the Facility Agreement applies to this notice as if it was fully set
out in this notice.
Yours faithfully
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[Name of person] being
an Authorised Officer of
James Hardie International Finance B.V.
as Obligors Agent (with corporate seat in Amsterdam) |
Instructions for completion
1 |
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All items must be completed. |
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Must be a Business Day within the Availability Period. |
James Hardie 364-day Facility Agreement
Schedule 2 Selection Notice (clause 4.2)
To: []
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Attention:
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[] |
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Fax:
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[]] |
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[Date] |
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Selection Notice James Hardie 364-day Facility Agreement dated [ ] November 2008 between
James Hardie International Finance B.V. (Borrower and Obligors Agent) and [] (Financier)
(Facility Agreement)
Terms defined in the Facility Agreement have the same meaning when used in this notice.
This is an irrevocable notice under clause 4.2 (Selection of Interest Period) of the Facility
Agreement.
Under clause 4.2 (Selection of Interest Period) of the Facility Agreement, the Obligors Agent
gives notice as follows:
The current Interest Period is due to end on [ ].
The Interest Period following the current Interest Period is to be a period of [] 1.
Yours faithfully,
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an Authorised Officer of |
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James Hardie International Finance B.V. |
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as Obligors Agent (with corporate seat in Amsterdam) |
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Instructions for completion
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1 |
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To be an Interest Period set out in the Details |
James Hardie 364-day Facility Agreement
Schedule 3 Repayment Notice (clause 5.1)
[name]
[address]
Tel [insert]
Fax [insert]
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To:
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[] |
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Attention:
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[] |
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Fax:
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[] |
[Insert date]
Repayment Notice James Hardie 364-day Facility Agreement dated [] 2008 between James Hardie
International Finance B.V. (Borrower and Obligors Agent) and [] (Financier) (Facility
Agreement)
Terms defined in the Facility Agreement have the same meaning when used in this notice and where
not otherwise defined in this notice.
Under clause 5.1 (Repayment) of the Facility Agreement, the Obligors Agent gives notice as
follows:
The Borrower wants to repay under the Facility Agreement in accordance with clause 5.1
(Repayment) of the Facility Agreement.
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The amount of the repayment: US$[] |
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Principal maturing: US$[] |
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This repayment [will/will not] trigger any Break Costs under clause 5.2 (Prepayment) of
the Facility Agreement. |
Yours faithfully
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an Authorised Officer of |
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James Hardie International Finance B.V. |
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as Obligors Agent (with corporate seat in Amsterdam) |
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James Hardie 364-day Facility Agreement
Schedule 4 Prepayment Notice (clause 5.2)
[name]
[address]
Tel [insert]
Fax [insert]
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To:
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[] |
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Attention:
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[] |
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Fax:
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[] |
[Insert date]
Prepayment Notice James Hardie 364-day Facility Agreement dated [] 2008 between James
Hardie International Finance B.V. (Borrower and Obligors Agent) and [] (Financier)
(Facility Agreement)
Terms defined in the Facility Agreement have the same meaning when used in this notice and
where not otherwise defined in this notice.
Under clause 5.2 (Prepayment) of the Facility Agreement, the Obligors Agent gives notice
as follows:
The Borrower wants to prepay under the Facility Agreement in accordance with clause 5.2
(Prepayment) of the Facility Agreement.
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The amount of the prepayment (including any accrued but unpaid interest): US$[] |
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This repayment [will/will not] not trigger any Break Costs under clause 5.2
(Prepayment) of the Facility Agreement. |
Yours faithfully
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an Authorised Officer of |
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James Hardie International Finance B.V. |
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as Obligors Agent (with corporate seat in Amsterdam) |
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James Hardie 364-day Facility Agreement
Signing page
DATED: [] 2008
Borrower and Obligors Agent
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SIGNED by
and
as attorneys for JAMES HARDIE
INTERNATIONAL FINANCE B.V. under
power of attorney dated
in the presence of:
Signature of witness
Name of witness (block letters)
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By executing this
agreement each attorney
states that the attorney has received no notice of
revocation of the power of
attorney |
Financier
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SIGNED by
as attorney for [ ]under power of
attorney dated
in the presence of:
Signature of witness
Name of witness (block letters)
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)
)
)
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By executing this agreement the attorney states that the attorney
has received no notice of
revocation of the power of
attorney |