Document:

wd_EX_4_7

		
			Exhibit 4.7
		

		
			DESCRIPTION OF SECURITIES
		

		
			REGISTERED PURSUANT TO SECTION 12 OF THE
		

		
			SECURITIES EXCHANGE ACT OF 1934
		

		
			Walker & Dunlop, Inc., a Maryland corporation (the “Company,” “we,” “us” or “our”), currently has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended, the Company’s common stock, par value $0.01 per share (“common stock”). The following summary includes a brief description of the common stock as well as certain related information.
		

		
			The following summary does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of our Articles of Amendment and Restatement (our “Charter”) and our Amended and Restated Bylaws (the “Bylaws”), copies of which are incorporated by reference as exhibits to our Annual Report on Form 10-K, and the applicable provisions of Maryland law.
		

		
			General
		

		
			Our Charter provides that we may issue up to two hundred million (200,000,000) shares of common stock and fifty million (50,000,000) shares of preferred stock, $0.01 par value per share (“preferred stock”). Our Charter authorizes our board of directors to amend our Charter to increase or decrease the aggregate number of authorized shares of common stock or the number of shares of stock of any class or series and to classify and reclassify any unissued shares of our common or preferred stock into other classes or series of shares of stock, without stockholder approval. No shares of our preferred stock are presently outstanding.
		

		
			Under Maryland law, stockholders generally are not personally liable for our debts or obligations solely as a result of their status as stockholders.
		

		
			Shares of Common Stock
		

		
			Voting Rights of Common Stock
		

		
			Except as may otherwise be specified in the terms of any class or series of shares of common stock, each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders, including the election of directors, and, except as provided with respect to any other class or series of shares of capital stock, the holders of such shares of common stock will possess the exclusive voting power. There is no cumulative voting in the election of directors. Directors are elected by a majority of the votes cast for, against or affirmatively withheld at a meeting at which a quorum is present, except that directors shall be elected by a plurality of the votes cast at a meeting of stockholders where there are more nominees for director than directors to be elected.
		

		
			Under the Maryland General Corporation Law (“MGCL”), a Maryland corporation generally cannot dissolve, amend its charter, merge, consolidate, sell all or substantially all of its assets, engage in a statutory share exchange or engage in similar transactions outside the ordinary course of business unless declared advisable by the board of directors and approved by the affirmative vote of stockholders holding at least two-thirds of the votes entitled to be cast on the matter unless a lesser percentage (but not less than a majority of all the votes entitled to be cast on the matter) is set forth in the corporation’s charter. Our Charter provides that these actions may be taken if declared advisable by a majority of our board of directors and approved by the vote of stockholders holding a majority of the votes entitled to be cast on the matter, except that the affirmative vote of stockholders entitled to cast at least two-thirds of the votes entitled to be cast generally in the election of directors is required to amend provisions of our Charter relating to director removal. Maryland law also permits a corporation to transfer all or substantially all of its assets without the approval of its stockholders to an entity if all of the equity interests of that entity are owned, directly or indirectly, by the corporation. In addition, because operating assets may be held by a corporation’s subsidiaries, as in our situation, these subsidiaries may be able to transfer all or substantially all of such assets without the approval of our stockholders.
		

		
			
		

		
			

		 

		

		
			Dividends, Distributions, Liquidation and Other Rights
		

		
			Subject to the preferential rights of any other class or series of our stock, holders of shares of our common stock are entitled to receive dividends on such shares of common stock if, as and when authorized by our board of directors, and declared by us out of assets legally available therefore. If we fail to pay dividends on any shares of our preferred stock, if any are then outstanding, generally we may not pay dividends on or repurchase shares of our common stock until such time as we have paid dividends on any outstanding shares of our preferred stock.
		

		
			Holders of shares of our common stock are also entitled to share ratably in the assets of the Company legally available for distribution to our stockholders in the event of our liquidation, dissolution or winding up after payment or establishment of reserves for all debts and liabilities of the Company and the preferential amounts owing with respect to any outstanding preferred shares.
		

		
			Holders of shares of common stock have no preference, conversion, exchange, sinking fund or redemption rights,  have no preemptive rights to subscribe for any securities of the Company and generally have no appraisal rights, unless our board of directors determines prospectively that appraisal rights will apply to one or more transactions in which holders of our common stock would otherwise be entitled to exercise appraisal rights. Holders of shares of our common stock have equal dividend, liquidation and other rights.
		

		
			Power to Reclassify Our Unissued Shares of Stock
		

		
			Our Charter authorizes our board of directors to classify and reclassify any unissued shares of our common or preferred stock into other classes or series of shares of stock and to establish the number of shares in each class or series and to set the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends or other distributions, qualifications or terms or conditions of redemption for each such class or series. As a result, our board of directors could authorize the issuance of shares of preferred stock that have priority over the shares of our common stock with respect to dividends, distributions and rights upon liquidation and with other terms and conditions that could have the effect of delaying, deterring or preventing a transaction or a change in control of our company that might involve a premium price for holders of shares of our common stock or otherwise might be in their best interest. No shares of our preferred stock are presently outstanding.
		

		
			Power to Increase or Decrease Authorized Shares of Common Stock and Issue Additional Shares of Common and Preferred Stock.
		

		
			We believe that the power of our board of directors to amend our Charter to increase or decrease the aggregate number of authorized shares of stock, to issue additional authorized but unissued shares of our common stock or preferred stock and to classify or reclassify unissued shares of our common stock or preferred stock and thereafter to cause to issue such classified or reclassified shares of stock provides us with increased flexibility in structuring possible future financings and acquisitions and in meeting other needs that might arise. The additional classes or series of stock, as well as the additional shares of stock, will be available for issuance without further action by our stockholders, unless such action is required by applicable law or the rules of any stock exchange or automated quotation system on which our securities may be listed, traded or quoted. Although our board of directors does not currently intend to do so, it could authorize us to issue a class or series that, depending upon the terms of the particular class or series, delays, defers or prevents a transaction or a change in control of the Company that might involve a premium price for holders of our shares of stock or otherwise be in the best interest of our stockholders.
		

		
			Preferred Stock.
		

		
			Our Charter authorizes our board of directors to designate and issue one or more classes or series of preferred stock without stockholder approval. Our board of directors may determine the relative rights, preferences and privileges of each class or series of preferred stock so issued, which may be more beneficial than the rights, preferences and privileges attributable to our common stock with respect to dividends, distributions, rights upon liquidation, and otherwise. The issuance of preferred stock could have the effect of delaying, deferring or preventing a transaction or a change in control of our Company that might involve a premium price for holders of shares of our common stock
		

		
			
		

		
			

		 

		

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			or otherwise be in the best interests of the stockholders. The rights, preferences and privileges of holders of shares of our common stock are subject to, and may be adversely affected by, the rights of the holders of preferred stock.
		

		
			Certain Provisions of Maryland General Corporation Law and Our Charter and Bylaws
		

		
			Our Board of Directors
		

		
			Our Charter and Bylaws provide that the number of directors of our Company may be established, increased or decreased only by a majority of our entire board of directors, but may not be fewer than the minimum number required under the MGCL (which is one) nor more than 15.
		

		
			Our Charter provides that any vacancy, including a vacancy created by an increase in the number of directors, may be filled only by a majority of the remaining directors, even if the remaining directors do not constitute a quorum. Any individual elected to fill such vacancy will serve for the remainder of the full term and until a successor is duly elected and qualifies.
		

		
			Each of our directors is elected by our stockholders to serve until the next annual meeting of stockholders and until his or her successor is duly elected and qualifies under the MGCL. Holders of shares of our common stock will have no right to cumulative voting in the election of directors. Directors are elected by a majority of the votes cast for, against or affirmatively withheld at a meeting at which a quorum is present, except that directors shall be elected by a plurality of the votes cast at a meeting of stockholders where there are more nominees for director than directors to be elected.
		

		
			Our Bylaws provide that at least a majority of our directors must be “independent,” with independence being defined in the manner established by our board of directors and in a manner consistent with listing standards established by the NYSE.
		

		
			Removal of Directors
		

		
			Our Charter provides that, subject to the rights of holders of one or more classes or series of preferred stock to elect or remove one or more directors, a director may be removed only for cause (as defined in our Charter) and only by the affirmative vote of at least two-thirds of the votes entitled to be cast generally in the election of directors and that our board of directors has the exclusive power to fill vacant directorships. This provision combined with the provision governing the filling of vacancies on our board of directors may preclude stockholders from removing incumbent directors and filling the vacancies created by such removal with their own nominees.
		

		
			Business Combinations
		

		
			Under the MGCL, certain “business combinations” (including a merger, consolidation, share exchange or, in certain circumstances specified under the statute, an asset transfer or issuance or reclassification of equity securities) between a Maryland corporation and any interested stockholder, or an affiliate of such an interested stockholder, are prohibited for five years after the most recent date on which the interested stockholder becomes an interested stockholder. Maryland law defines an interested stockholder as:
		

		
			any person who beneficially owns, directly or indirectly, 10% or more of the voting power of the corporation’s voting stock; or
		

		
			an affiliate or associate of the corporation who, at any time within the two-year period prior to the date in question, was the beneficial owner of 10% or more of the voting power of the then outstanding voting stock of the corporation.
		

		
			A person is not an interested stockholder under the statute if the board of directors approve in advance the transaction by which the person otherwise would have become an interested stockholder. In approving a transaction, however, the board of directors may provide that its approval is subject to compliance, at or after the time of the approval, with any terms and conditions determined by it.
		

		
			 
		

		
			
		

		
			

		 

		

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			After such five-year prohibition, any business combination between our Company and an interested stockholder must be recommended by the board of directors and approved by the affirmative vote of at least:
		

		
			80% of the votes entitled to be cast by holders of outstanding voting shares of stock of the corporation; and
		

		
			two-thirds of the votes entitled to be cast by holders of voting shares of stock of the corporation other than shares held by the interested stockholder with whom (or with whose affiliate) the business combination is to be effected or shares held by an affiliate or associate of the interested stockholder.
		

		
			These supermajority approval requirements do not apply if, among other conditions, the corporation’s common stockholders receive a minimum price (as defined in the MGCL) for their shares and the consideration is received in cash or in the same form as previously paid by the interested stockholder for its shares.
		

		
			These provisions of the MGCL do not apply, however, to business combinations that are approved or exempted by a corporation’s board of directors prior to the time that the interested stockholder becomes an interested stockholder.
		

		
			Control Share Acquisitions
		

		
			The MGCL provides that “control shares” of a Maryland corporation acquired in a “control share acquisition” have no voting rights except to the extent approved at a special meeting of stockholders by the affirmative vote of at least two-thirds of the votes entitled to be cast by stockholders entitled to exercise or direct the exercise of the voting power in the election of directors generally but excluding: (i) a person who makes or proposes to make a control share acquisition, (ii) an officer of the corporation or (iii) an employee of the corporation who is also a director of the corporation. “Control shares” are voting shares of stock that, if aggregated with all other such shares of stock previously acquired by the acquirer or in respect of which the acquirer is able to exercise or direct the exercise of voting power (except solely by virtue of a revocable proxy), would entitle the acquirer to exercise voting power in electing directors within one of the following ranges of voting power:
		

		
			one-tenth or more but less than one-third;
		

		
			one-third or more but less than a majority; or
		

		
			a majority or more of all voting power.
		

		
			Control shares do not include shares the acquiring person is then entitled to vote as a result of having previously obtained stockholder approval or shares acquired directly from the corporation. A “control share acquisition” means the acquisition, directly or indirectly, of ownership of, or the power to direct the exercise of voting power with respect to, issued and outstanding control shares, subject to certain exceptions.
		

		
			A person who has made or proposes to make a control share acquisition, upon satisfaction of certain conditions (including an undertaking to pay expenses and making an “acquiring person statement” as described in the MGCL), may compel our board of directors to call a special meeting of stockholders to be held within 50 days of demand to consider the voting rights of the control shares. If no request for a special meeting is made, we may present the question at any stockholders meeting.
		

		
			If voting rights of control shares are not approved at the meeting or if the acquiring person does not deliver an “acquiring person statement” as required by the statute, then, subject to certain conditions and limitations, the corporation may redeem any or all of the control shares (except those for which voting rights have previously been approved) for fair value. Fair value is determined, without regard to the absence of voting rights for the control shares, as of the date of any meeting of stockholders at which the voting rights of such shares are considered and not approved or, if no such meeting is held, as of the date of the last control share acquisition by the acquiror. If voting rights for control shares are approved at a stockholders meeting and the acquirer becomes entitled to vote a majority of the shares entitled to vote, all other stockholders may exercise appraisal rights. The fair value of the shares as determined for purposes of such appraisal rights may not be less than the highest price per share paid by the acquirer in the control share acquisition.
		

		
			
		

		
			

		 

		

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			The control share acquisition statute does not apply (i) to shares acquired in a merger, consolidation or statutory share exchange if we are a party to the transaction or (ii) to acquisitions approved or exempted by the charter or bylaws of the corporation.
		

		
			Subtitle 8
		

		
			Subtitle 8 of Title 3 of the MGCL permits a Maryland corporation with a class of equity securities registered under the Exchange Act and at least three independent directors to elect to be subject, by provision in its charter or bylaws or a resolution of its board of directors and notwithstanding any contrary provision in the charter or bylaws, to any or all of the following five provisions:
		

		
			a classified board;
		

		
			a  two-thirds stockholder vote requirement for removing a director;
		

		
			a requirement that the number of directors be fixed only by vote of the directors;
		

		
			a requirement that a vacancy on the board be filled only by the remaining directors and for the remainder of the full term of the class of directors in which the vacancy occurred; and
		

		
			a  majority requirement for the calling of a special meeting of stockholders.
		

		
			We have elected through a provision in our Charter to be subject to the provisions of Subtitle 8 relating to the filling of vacancies on our board of directors. Through provisions in our Charter and Bylaws unrelated to Subtitle 8, we already (i) require the affirmative vote of at least two-thirds of the votes entitled to be cast generally in the election of directors for the removal of any director from the board, which removal will be allowed only for cause; (ii) vest in the board the exclusive power to fix the number of directorships, subject to limitations set forth in our Charter and Bylaws, and fill vacancies; and (iii) require, unless called by the chairman of our board of directors, our president or chief executive officer or a majority of our directors then in office, the written request of stockholders entitled to cast no less than a majority of all votes entitled to be cast at such meeting to call a special meeting to consider and vote on any matter that may properly be considered at a meeting of stockholders. We have not elected to create a classified board. In the future, our board of directors may elect, without stockholder approval, to create a classified board or adopt one or more of the other provisions of Subtitle 8.
		

		
			Amendment of Our Charter and Bylaws and Approval of Extraordinary Actions
		

		
			Under the MGCL, a Maryland corporation generally cannot dissolve, amend its charter, merge, sell all or substantially all of its assets, engage in a statutory share exchange or engage in similar transactions outside the ordinary course of business unless declared advisable by the board of directors and approved by the affirmative vote of stockholders entitled to cast at least two-thirds of the votes entitled to be cast on the matter unless a lesser percentage, but not less than a majority of all of the votes entitled to be cast on the matter, is set forth in the corporation’s charter. Our Charter provides that these actions (other than certain amendments to the provisions of our Charter related to the removal of directors and indemnification of directors and officers) may be taken if declared advisable by a majority of our board of directors and approved by the vote of stockholders holding a majority of all votes entitled to be cast on the matter.
		

		
			Our board of directors has the power to adopt, alter or repeal any provision of our Bylaws and to make new bylaws.  In addition, the stockholders may alter or repeal any provision of our Bylaws and adopt new bylaws if any such alteration, repeal or adoption is approved by the affirmative vote of a majority of the votes entitled to be cast on the matter.
		

		
			Meetings of Stockholders
		

		
			Under our Bylaws, annual meetings of stockholders are to be held each year at a date and time as determined by our board of directors. Special meetings of stockholders may be called by a majority of the directors
		

		
			
		

		
			

		 

		

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			then in office, by the chairman of our board of directors, our president or our chief executive officer. Additionally, subject to the provisions of our Bylaws, special meetings of the stockholders must be called by our secretary upon the written request of stockholders entitled to cast not less than a majority of all votes entitled to be cast at such meeting. Only matters set forth in the notice of the special meeting may be considered and acted upon at such a meeting. Maryland law and our Bylaws provide that any action required or permitted to be taken at a meeting of stockholders may be taken without a meeting by unanimous written consent, if that consent sets forth that action and is given in writing or by electronic transmission by each stockholder entitled to vote on the matter.
		

		
			Advance Notice of Director Nominations and New Business
		

		
			Our Bylaws provide that, with respect to an annual meeting of stockholders, nominations of persons for election to our board of directors and the proposal of business to be considered by stockholders at the annual meeting may be made only:
		

		
			pursuant to our notice of the meeting;
		

		
			by or at the direction of our board of directors; or
		

		
			by a stockholder who was a stockholder of record both at the time of giving of the notice of the meeting and at the time of the annual meeting, who is entitled to vote at the meeting in the election of directors or on the proposal of other business, as the case may be, and who has complied with the advance notice procedures set forth in, and provided the information and certifications required by, our Bylaws.
		

		
			With respect to special meetings of stockholders, only the business specified in our notice of meeting may be brought before the meeting of stockholders. Nominations of persons for election to our board of directors may be made only:
		

		
			pursuant to our notice of the meeting;
		

		
			by or at the direction of our board of directors; or
		

		
			provided that our board of directors has determined that directors shall be elected at such meeting, by a stockholder who is a stockholder of record both at the time of giving of the notice required by our Bylaws and at the time of the meeting, who is entitled to vote at the meeting in the election of directors or on the proposal of other business, as the case may be, and who has complied with the advance notice provisions set forth in, and provided information and certificates required by, our Bylaws.
		

		
			The purposes of requiring stockholders to give advance notice of nominations and other proposals is to afford our board of directors the opportunity to consider the qualifications of the proposed nominees and the advisability of the other proposals and, to the extent considered necessary by our board of directors, to inform stockholders and make recommendations regarding the nominations or other proposals. The advance notice procedures also permit a more orderly procedure for conducting our stockholder meetings. Although our Bylaws do not give our board of directors the power to disapprove timely stockholder nominations and proposals, our Bylaws may have the effect of precluding a contest for the election of directors or proposals for other action if the proper procedures are not followed and of discouraging or deterring a third party from conducting a solicitation of proxies to elect its own slate of directors to our board of directors or to approve its own proposal.
		

		
			Anti-takeover Effect of Certain Provisions of Maryland Law and Our Charter and Bylaws
		

		
			The business combination statute, control share acquisition statute, the provisions of our Charter on removal of directors and the advance notice provisions of the Bylaws could delay, defer or prevent a transaction or a change in control of our Company that might involve a premium price for holders of our common stock or otherwise be in the best interests of our stockholders.
		

		
			
		

		
			

		 

		

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			Indemnification and Limitation of Directors’ and Officers’ Liability
		

		
			The MGCL permits a Maryland corporation to include in its charter a provision limiting the liability of its directors and officers to the corporation and its stockholders for money damages except for liability resulting from actual receipt of an improper benefit or profit in money, property or services or active and deliberate dishonesty established by a final judgment as being material to the cause of action. Our Charter contains such a provision that eliminates such liability to the maximum extent permitted by Maryland law.
		

		
			The MGCL requires a corporation (unless its charter provides otherwise, which our Charter does not) to indemnify a director or officer who has been successful, on the merits or otherwise, in the defense of any proceeding to which he or she is made or threatened to be made a party by reason of his or her service in that capacity. The MGCL permits a corporation to indemnify its present and former directors and officers, among others, against judgments, penalties, fines, settlements and reasonable expenses actually incurred by them in connection with any proceeding to which they may be made or are threatened to be made a party by reason of their service in those or other capacities unless it is established that:
		

		
			the act or omission of the director or officer was material to the matter giving rise to the proceeding and (i) was committed in bad faith or (ii) was the result of active and deliberate dishonesty;
		

		
			the director or officer actually received an improper personal benefit in money, property or services; or
		

		
			in the case of any criminal proceeding, the director or officer had reasonable cause to believe that the act or omission was unlawful.
		

		
			However, under the MGCL, a Maryland corporation may not indemnify a director or officer for an adverse judgment in a suit by or in the right of the corporation or if the director or officer was adjudged liable on the basis that personal benefit was improperly received, unless in either case a court orders indemnification and then only for expenses.
		

		
			In addition, the MGCL permits a corporation to advance reasonable expenses to a director or officer upon the corporation’s receipt of:
		

		
			a written affirmation by the director or officer of his or her good faith belief that he or she has met the standard of conduct necessary for indemnification by the corporation; and
		

		
			a written undertaking by the director or officer on his or her behalf to repay the amount paid or reimbursed by the corporation if it is ultimately determined that he or she did not meet the standard of conduct.
		

		
			Our Charter and Bylaws obligate us, to the fullest extent permitted by Maryland law in effect from time to time, to indemnify and to pay or reimburse reasonable expenses in advance of final disposition of a proceeding to:
		

		
			any present or former director or officer against any claim or liability to which he or she may become subject by reason of his or her service in such capacity; and
		

		
			any individual who, while a director or officer of the Company and at the request of the Company, serves or has served as a director, officer, partner or trustee of another corporation, real estate investment trust, partnership, joint venture, trust, employee benefit plan, limited liability company or any other enterprise from and against any claim or liability to which such person may become subject or which such person may incur by reason of his or her service in such capacity.
		

		
			We have entered into indemnification agreements with each of our directors and executive officers that provide for indemnification to the maximum extent permitted by Maryland law.
		

		
			Insofar as the foregoing provisions permit indemnification of directors, officers or persons controlling us for liability arising under the Securities Act, we have been informed that, in the opinion of the SEC, this indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.
		

		 

		

			7CLIFFORD CHANCE LLP

   

  
	
  Conformed
  Copy 

    
   

  
	
   

  	
   

  
	
   

  	
   

   

  
	
  ABB LTD

   

  CERTAIN
  SUBSIDIARIES OF ABB LTD

  AS BORROWERS

  WITH

  THE MANDATED LEAD ARRANGERS

  WITH

   

  CITIBANK EUROPE
  PLC, UK BRANCH

  AS
  FACILITY AGENT

  AND EURO SWINGLINE AGENT

   

  AND

   

  CITIBANK,
  N.A

  AS DOLLAR
  SWINGLINE AGENT

   

  
	
   

  	
  $2,000,000,000

  MULTICURRENCY REVOLVING CREDIT AGREEMENT

  dated 16 December 2019

   

  	
   

  
	 	 	 	 

 

 

 

 

 

 

 

	
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  Contents

  

Clause                                                                                                                                    Page

 

1...... Definitions and Interpretation........................................................................................... 2

2...... The Facility..................................................................................................................... 26

3...... Purpose............................................................................................................................ 31

4...... Conditions of Utilisation................................................................................................. 32

5...... Utilisation........................................................................................................................ 34

6...... Optional Currencies......................................................................................................... 37

7...... Repayment....................................................................................................................... 38

8...... Prepayment and Cancellation.......................................................................................... 39

9...... Interest............................................................................................................................. 45

10.... Interest Periods................................................................................................................ 46

11.... Changes to the Calculation of Interest............................................................................ 47

12.... Fees.................................................................................................................................. 48

13.... Tax Gross Up and Indemnities........................................................................................ 50

14.... Increased Costs................................................................................................................ 56

15.... Other Indemnities............................................................................................................ 59

16.... Mitigation by the Lenders............................................................................................... 60

17.... Costs and Expenses......................................................................................................... 61

18.... Guarantee and Indemnity................................................................................................ 61

19.... Representations............................................................................................................... 65

20.... Information Undertakings............................................................................................... 68

21.... General Undertakings...................................................................................................... 72

22.... Events of Default............................................................................................................. 75

23.... Changes to the Lenders................................................................................................... 79

24.... Confidentiality of Funding Rates.................................................................................... 85

25.... Changes to the Obligors.................................................................................................. 87

26.... Role of the Agents and the Mandated Lead Arrangers................................................... 89

27.... Conduct of Business by the Finance Parties................................................................... 99

28.... Sharing among the Lenders............................................................................................. 99

29.... Payment Mechanics...................................................................................................... 102

30.... Set-Off........................................................................................................................... 106

31.... Notices........................................................................................................................... 107

32.... Calculation and Certificates.......................................................................................... 110

33.... Partial Invalidity............................................................................................................ 110

 

	
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34.... Remedies and Waivers.................................................................................................. 110

35.... Amendments and Waivers............................................................................................ 111

36.... Bail-in............................................................................................................................ 115

37.... Counterparts.................................................................................................................. 117

38.... Governing Law.............................................................................................................. 118

39.... Enforcement.................................................................................................................. 118

Schedule 1.............................................................................................................................. 119

Part I The Original Lenders................................................................................................... 119

Part II The Dollar Swingline Lenders.................................................................................... 120

Part III The Euro Swingline Lenders..................................................................................... 121

Part IV The Original Obligors............................................................................................... 122

Schedule 2 Conditions Precedent.......................................................................................... 123

Part I Conditions Precedent................................................................................................... 123

Part II Additional Borrower Conditions Precedent............................................................... 125

Schedule 3 Utilisation Request.............................................................................................. 127

Schedule 4 Form of Transfer Certificate............................................................................... 128

Schedule 5 Timetables........................................................................................................... 130

Schedule 6 Form of Borrower Accession Letter................................................................... 132

Schedule 7 Form of Resignation Letter................................................................................. 133

Schedule 8 Material Subsidiaries........................................................................................... 134

Schedule 9 Form of Increase Confirmation........................................................................... 135

 

 

	
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THIS AGREEMENT is dated 16 December 2019 and made

BETWEEN:

(1)              
  ABB LTD, a company incorporated in Switzerland whose
registered office is at Affolternstrasse 44, CH-8050 Zurich, Switzerland
("ABB" or the "Guarantor"); 

(2)              
  THE SUBSIDIARIES OF ABB listed in Part IV of Schedule 1 (The
Original Obligors) as original borrowers (the "Original Borrowers"); 

(3)              
  CITIGROUP GLOBAL MARKETS
LIMITED, BANK OF AMERICA
MERRILL LYNCH INTERNATIONAL DESIGNATED ACTIVITY COMPANY,  BARCLAYS BANK
PLC,  BNP PARIBAS (SUISSE) SA,  CA INDOSUEZ (SWITZERLAND) SA, 
CREDIT SUISSE (SWITZERLAND) LTD.,  DEUTSCHE BANK LUXEMBOURG S.A., 
GOLDMAN SACHS BANK USA,  HSBC BANK PLC,  ING BELGIUM, BRUSSELS, 
LANCY/GENEVA BRANCH.,  J.P. MORGAN SECURITIES PLC,  NORDEA BANK ABP, 
FILIAL I SVERIGE,  BANCO SANTANDER, S.A.,  STANDARD CHARTERED BANK, 
SKANDINAVISKA ENSKILDA BANKEN AB (PUBL),  SOCIÉTÉ GÉNÉRALE S.A. FRANKFURT
BRANCH, UBS SWITZERLAND AG,  UNICREDIT BANK AG,  CHINA CONSTRUCTION
BANK CORPORATION,  BEIJING,  SWISS BRANCH ZURICH in their
respective capacities as mandated lead arrangers (the "Mandated Lead
Arrangers"); 

(4)              
  THE FINANCIAL
INSTITUTIONS listed in Part I
to Part III of Schedule 1 (The Original Lenders) in their respective
capacities as original lenders (the "Original Lenders"); 

(5)              
  CITIBANK EUROPE PLC, UK
BRANCH in its capacity as
facility agent (the "Facility Agent"); 

(6)              
  CITIBANK, N.A. in its capacity as dollar swingline agent (the
 "Dollar Swingline Agent"); and

(7)              
  CITIBANK EUROPE PLC, UK
BRANCH in its capacity as euro
swingline agent (the "Euro Swingline Agent"). 

	
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IT IS AGREED as follows:

SECTION 1

INTERPRETATION

1.                 
  Definitions and Interpretation

1.1             
  Definitions

In
this Agreement:

"Acquisition" means the acquisition by any
Group Company of any person not already being a Group Company and which, upon
completion of the acquisition, becomes a Group Company.

"Additional Borrower" means any wholly
owned Subsidiary of ABB that has become an Additional Borrower in accordance
with Clause 25.2 (Additional Borrowers). 

"Advance" means an advance made or to be
made under the Facility (including, unless the context otherwise requires, a
Swingline Advance) or the principal amount outstanding for the time being of
that advance.

"Affiliate" means, in relation to any
person, a Subsidiary of that person or a Holding Company of that person or any
other Subsidiary of that Holding Company.

"Agents" means the Dollar Swingline Agent,
the Euro Swingline Agent and the Facility Agent, and "Agent"
means, as the context may require, any of them.

"Agreed Jurisdiction" means any of the
United States of America, Switzerland, any country that is, at the time the
notice requesting the additional Borrower is submitted, a member of the
European Union (other than Cyprus, Estonia, Latvia, Lithuania, Slovakia and
Slovenia) and any other country approved by all the Lenders.

"Authorisation" means an authorisation,
consent, approval, resolution, licence, exemption, filing or registration.

"Availability Period" means the period
from the date of this Agreement up to and including the date falling one week
before the Termination Date.

"Available Commitment"
means a Lender's Commitment minus:

(a)              
  the Base Currency Amount of
its participation in any outstanding Advances (including any Separate
Advances); and

(b)              
  in relation to any proposed
Utilisation, the Base Currency Amount of its participation in any Advances that
are due to be made on or before the proposed Utilisation Date,

other
than, in either case, that Lender's participation in any Advances that are due
to be 

	
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repaid or prepaid on or before the proposed
Utilisation Date.

"Available Dollar
Swingline Commitment" means a Dollar Swingline Lender's Dollar
Swingline Commitment minus:

(a)              
  the Base Currency Amount of
its participation in any outstanding Dollar Swingline Advances; and

(b)              
  in relation to any proposed
Utilisation by way of a Dollar Swingline Advance, the Base Currency Amount of
its participation in any Dollar Swingline Advances that are due to be made on
or before the proposed Utilisation Date,

other
than, in either case, that Dollar Swingline Lender's participation in any
Dollar Swingline Advances that are due to be repaid or prepaid on or before the
proposed Utilisation Date.

"Available Dollar Swingline Facility"
means the aggregate for the time being of each Dollar Swingline Lender's
Available Dollar Swingline Commitment.

"Available Euro
Swingline Commitment" means a Euro Swingline Lender's Euro Swingline
Commitment minus:

(a)              
  the Base Currency Amount of
its participation in any outstanding Euro Swingline Advances; and

(b)              
  in relation to any proposed
Utilisation by way of a Euro Swingline Advance, the Base Currency Amount of its
participation in any Euro Swingline Advances that are due to be made on or
before the proposed Utilisation Date,

other
than, in either case, that Euro Swingline Lender's participation in any Euro
Swingline Advances that are due to be repaid or prepaid on or before the
proposed Utilisation Date.

"Available Euro Swingline Facility" means
the aggregate for the time being of each Euro Swingline Lender's Available Euro
Swingline Commitment.

"Available Facility" means the aggregate
for the time being of each Lender's Available Commitment.

"Base Currency" means Dollars.

"Base Currency Amount" means, in relation
to an Advance, the amount specified in the Utilisation Request delivered by the
relevant Borrower for that Advance (or, if the amount requested is not
denominated in the Base Currency, that amount converted into the Base Currency
at the Facility Agent's Spot Rate of Exchange on the date which is 3 Business
Days before the Utilisation Date or, if later, on the date the Facility Agent
receives the Utilisation Request) adjusted to reflect any repayment or
prepayment of the Advance.

	
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"Basic €STR" means, in relation
to any day during an Interest Period for a Euro Swingline Advance, €STR for the
first day of that Interest Period and if that rate is less than zero, Basic
 €STR shall be deemed to be zero.

"Borrower Accession Letter" means a letter
substantially in the form set out in Schedule 6 (Form of Borrower Accession
Letter). 

"Borrowers" means each Original Borrower
and each Additional Borrower, provided that it has not been released
from its rights and obligations under this Agreement in accordance with Clause 25.3
(Resignation of a Borrower). 

"Break Costs"
means the amount (if any) by which:

(a)              
  the interest (excluding the
Margin) which a Lender should have received for the period from the date of
receipt of all or any part of its participation in an Advance or Unpaid Sum to
the last day of the current Interest Period in respect of that Advance or
Unpaid Sum, had the principal amount or Unpaid Sum received been paid on the
last day of that Interest Period;

exceeds:

(b)              
  the amount which that Lender
would be able to obtain by placing an amount equal to the principal amount or
Unpaid Sum received by it on deposit with a leading bank for a period starting
on the Business Day following receipt or recovery and ending on the last day of
the current Interest Period.

"Business Day"
means:

(a)              
  in relation to a Dollar
Swingline Advance a day (other than a Saturday or a Sunday) on which banks are
open for general business in New York;

(b)              
  in relation to any Advance
(not being a Dollar Swingline Advance) a day (other than a Saturday or Sunday)
on which banks are open for general business in London, and:

(i)                
  (in relation to any date for
payment or purchase of a currency other than Euro) the principal financial
centre of the country of that currency; or

(ii)             
  (in relation to any date for
payment or purchase of Euro) any TARGET Day; and

(c)              
  for all other purposes, a
day (other than a Saturday or Sunday) on which banks are open for general
business in London.

"Capital Markets Issuer" means a Group
Company whose primary functions within the Group are:  (i) the issuance of
bonds, commercial paper and/or other debt instruments; and/or (ii) supporting
the intra-Group funding arrangements and treasury operations of the Group.

	
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"Clean-Up Period" means, in
relation to an Acquisition, the period commencing on the date such Acquisition
completes and ending on the date falling 180 days later.

"Code" means the US Internal Revenue Code
of 1986.

"Commitment"
means:

(a)              
  in relation to an Original
Lender, the amount in the Base Currency set opposite its name under the heading
 "Commitment" in Part I of Schedule 1 (The Original Lenders)
and the amount of any other Commitment transferred to it under this Agreement
or assumed by it in accordance with Clause 2.2 (Increase of Commitments);
and

(b)              
  in relation to any other
Lender, the amount of any Commitment transferred to it under this Agreement or
assumed by it in accordance with Clause 2.2 (Increase of Commitments), 

to
the extent not cancelled, reduced or transferred by it under this Agreement.

"Default" means an Event of Default or any
event or circumstance specified in Clause 22 (Events of Default) which
(with the expiry of a grace period or the giving of any notice specified in
Clause 22 (Events of Default)) would be an Event of Default.

"Defaulting Lender"
means any Lender:

(a)              
  which has failed to make its
participation in an Advance available or has notified the Facility Agent that
it will not make its participation in an Advance available by the Utilisation
Date of that Advance in accordance with Clause 5.4 (Lenders' participation); 

(b)              
  which has otherwise
rescinded or repudiated a Finance Document; or

(c)              
  with respect to which an
Insolvency Event has occurred and is continuing,

unless,
in the case of paragraph (a) above:

(i)                
  its failure to pay is caused
by:

(A)            
  administrative or technical
error; or

(B)             
  a Disruption Event,

and
payment is made within 3 Business Days of its due date; or

(ii)             
  the Lender is disputing in
good faith whether it is contractually obliged to make the payment in question.

	
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"Disruption
Event" means either or both of:

(a)              
  a material disruption to
those payment or communications systems or to those financial markets which
are, in each case, required to operate in order for payments to be made in
connection with the Facility (or otherwise in order for the transactions
contemplated by the Finance Documents to be carried out) which disruption is
not caused by, and is beyond the control of, any of the Parties; or

(b)              
  the occurrence of any other
event which results in a disruption (of a technical or systems-related nature)
to the treasury or payments operations of a Party preventing that, or any other
Party:

(i)                
  from performing its payment
obligations under the Finance Documents; or

(ii)             
  from communicating with
other Parties in accordance with the terms of the Finance Documents,

and
which (in either such case) is not caused by, and is beyond the control of, the
Party whose operations are disrupted.

"Dollar Swingline Advance" means any
advance made or to be made under the Dollar Swingline Facility pursuant to a
Utilisation Request under Clause 5.5 (Delivery of a Utilisation Request for
a Swingline Advance). 

"Dollar Swingline
Commitment" means:

(a)              
  in relation to an Original
Lender which is a Dollar Swingline Lender, the amount set opposite its name
under the heading "Dollar Swingline Commitment" in Part II of Schedule
1 (The Dollar Swingline Lenders) and the amount of any other Dollar
Swingline Commitment transferred to it under this Agreement or assumed by it in
accordance with Clause 2.2 (Increase of Commitments); and

(b)              
  in relation to any other
Dollar Swingline Lender, the amount of any Dollar Swingline Commitment
transferred to it under this Agreement or assumed by it in accordance with
Clause 2.2 (Increase of Commitments), 

to
the extent not cancelled, reduced or transferred by it under this Agreement.

"Dollar Swingline Facility" means the
dollar swingline facility forming part of the Facility as described in
paragraph (a) of Clause 2.1 (The Facility). 

"Dollar Swingline
Lender" means:

(a)              
  any Original Lender whose
name is set out in Part II of Schedule 1 (The Dollar Swingline Lenders);
and

(b)              
  any bank which has become a
Party as a Lender in accordance with Clause 2.2 (Increase of Commitments)
or Clause 23 (Changes to the Lenders) and to whom a 

	
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Dollar
Swingline Commitment has been transferred or by whom a Dollar Swingline
Commitment has been assumed,

which
in each case has not ceased to have a Dollar Swingline Commitment.

"Dollar Swingline
Rate" means, at any time, the higher of:

(a)              
  the Prime Rate; and

(b)              
  the Federal Funds Effective
Rate plus 0.50 per cent. per annum.

"Dutch Borrower" means ABB Finance B.V.
and any Additional Borrower which is incorporated or established in The
Netherlands.

"Economic Sanctions Laws" means economic
or trade sanctions laws and regulations as announced and adopted by the
Sanctions Authorities (including, but not limited to, the Iran Sanctions Act,
as amended by the Comprehensive Iran Sanctions, Accountability and Divestment
Act of 2010, and by any further amendments thereto (the Iran Sanctions Act)). 

"Enhanced €STR" means, in relation to any
day during an Interest Period for a Euro Swingline Advance, the percentage rate
per annum which is the aggregate of the applicable:

(a)              
  €STR for the first day of
that Interest Period; and

(b)              
  EONIA-€STR Spread for the
first day of that Interest Period,

and if that rate is less than zero, Enhanced €STR shall be
deemed to be zero.

"Environmental Law" means any applicable
law in any jurisdiction in which any Group Company conducts business which
relates to the pollution or protection of the environment or harm to or the
protection of human health or the health of animals or plants.

"EONIA-€STR Spread" means, in relation to
any day:

(a)              
  the percentage rate per
annum which is, or remains, published on that day as the "EONIA-€STR
spread" by the European Central Bank; or

(b)              
  if no such rate is, or
remains, published on that day, the percentage rate per annum which was the
 "EONIA-€STR spread" most recently published by the European Central
Bank.

"ERISA" means the Employee Retirement
Income Security Act of 1974 of the United States of America and the regulations
promulgated and the rulings issued thereunder.

"€STR" means, in relation to any day the
applicable Screen Rate for that day.

	
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"EURIBOR"
means, in relation to any Advance (other than a Euro Swingline Advance) in
Euro:

(a)              
  the applicable Screen Rate as
of the Specified Time on the Quotation Day for Euro and for a period equal in
length to the Interest Period of that Advance; or

(b)              
  if no Screen Rate is
available for the Interest Period of that Advance, the Interpolated Screen Rate
for that Advance

and,
if any such rate is below zero, EURIBOR will be deemed to be zero.

"Euro Swingline Advance" means any advance
made or to be made under the Euro Swingline Facility pursuant to a Utilisation
Request under Clause 5.5 (Delivery of a Utilisation Request for a Swingline
Advance). 

"Euro Swingline
Commitment" means:

(a)              
  in relation to an Original
Lender which is a Euro Swingline Lender, the amount (in the Base Currency) set
opposite its name under the heading "Euro Swingline Commitment"
in Part III of Schedule 1 (The Euro Swingline Lenders) and the amount of
any other Euro Swingline Commitment transferred to it under this Agreement or
assumed by it in accordance with Clause 2.2 (Increase of Commitments);
and

(b)              
  in relation to any other
Euro Swingline Lender, the amount of any Euro Swingline Commitment transferred
to it under this Agreement or assumed by it in accordance with Clause 2.2 (Increase
of Commitments), 

to
the extent not cancelled, reduced or transferred by it under this Agreement.

"Euro Swingline Facility" means the euro
swingline facility forming part of the Facility as described in paragraph (b)
of Clause 2.1 (The Facility). 

"Euro Swingline
Lender" means:

(a)              
  any Original Lender whose
name is set out in Part III of Schedule 1 (The Euro Swingline Lenders);
and

(b)              
  any bank which has become
Party as a Lender in accordance with Clause 2.2 (Increase of Commitments)
or Clause 23 (Changes to the Lenders) and to whom a Euro Swingline
Commitment has been transferred or by whom a Euro Swingline Commitment has been
assumed,

which
in each case has not ceased to have a Euro Swingline Commitment.

"Euro Swingline Rate"
means the percentage rate per annum which is the aggregate of:

(a)              
  the Margin; and

	
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(b)              
   

(i)                
  up to and including 2
January 2022, Enhanced €STR; and

(ii)             
  from and including 3 January
2022, Basic €STR.

"Event of Default" means any event or
circumstance specified as such in Clause 22 (Events of Default). 

"Existing Credit Facility" means the
US$2,000,000,000 multicurrency revolving credit facility made available
pursuant to a multicurrency revolving facility agreement dated 23 May 2014, as
amended on 13 June 2014 and as amended and restated from time to time.

"Existing Lender" has the meaning given to
that term in Clause 23.1 (Assignments and transfers by the Lenders). 

"Extension Request" means a First
Extension Request or a Second Extension Request.

"Facility" means the loan facility made
available under this Agreement as described in Clause 2.1 (The Facility)
incorporating a dollar swingline facility and a euro swingline facility.

"Facility Agent's Spot Rate of Exchange"
means:

(a)              
  the Facility Agent's spot rate
of exchange; or

(b)              
  (if the Facility Agent does
not have an available spot rate of exchange) any other publicly available spot
rate of exchange selected by the Facility Agent (acting reasonably and in consultation
with ABB),

for the purchase of the relevant currency with
the Base Currency in the London foreign exchange market at or about 11:00 a.m.
on a particular day.

"Facility Office" means the office or
offices notified by a Lender to the Facility Agent on or before the date it
becomes a Lender (or, following that date, by not less than 5 Business Days'
notice) as the office or offices through which it will perform its obligations
under this Agreement.

"FATCA"
means:

(a)              
  sections 1471 to 1474 of the
Code or any associated regulations;

(b)              
  any treaty, law or
regulation of any other jurisdiction, or relating to an intergovernmental
agreement between the US and any other jurisdiction, which (in either case)
facilitates the implementation of any law or regulation referred to in
paragraph (a) above; or

(c)              
  any agreement pursuant to
the implementation of any treaty, law or regulation referred to in paragraphs
(a) or (b) above with the US Internal Revenue Service, 

	
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the
US government or any governmental or taxation authority in any other
jurisdiction.

"FATCA Application
Date" means:

(a)              
  in relation to a "withholdable
payment" described in section 1473(1)(A)(i) of the Code (which relates to
payments of interest and certain other payments from sources within the US), 1
July 2014; or

(b)              
  in relation to a
 "passthru payment" described in section 1471(d)(7) of the Code not
falling within paragraph (a) above, the first date from which such payment may
become subject to a deduction or withholding required by FATCA.

"FATCA
Deduction" means a deduction or withholding from a payment under a
Finance Document required by FATCA.

"FATCA
Exempt Party" means a Party that is entitled to receive payments free
from any FATCA Deduction. 

"Federal Funds Effective Rate" means, in
relation to any day, the rate per annum equal to

(a)              
  the weighted average of the
rates on overnight Federal funds transactions with members of the US Federal
Reserve System arranged by Federal funds brokers, as published for that day
(or, if that day is not a New York Business Day, for the immediately preceding
New York Business Day) by the Federal Reserve Bank of New York; or

(b)              
  if a rate is not so
published for any day which is a New York Business Day, the average of the
quotations for that day on such transactions received by the Dollar Swingline
Agent from three Federal funds brokers of recognised standing selected by the Dollar
Swingline Agent,

and
if that rate is less than zero, Federal Funds Effective Rate shall be deemed to
be zero.

"Fee Letter"
means:

(a)              
  the fees letter dated on or
around the date of this Agreement from the Original Lenders to ABB, the fees
letter dated on or around the date of this Agreement from the Mandated Lead
Arrangers to ABB, the agency fees letter dated on or around the date of this
Agreement from the Facility Agent to ABB and the swingline agency fees letters
dated on or around the date of this Agreement from the Dollar Swingline Agent
and the Euro Swingline Agent respectively to ABB setting out the fees referred
to in Clause 12 (Fees); 

(b)              
  any other agreement setting
out fees payable to a Lender referred to in paragraph (f) of Clause 2.2 (Increase
of Commitments). 

	
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"Finance Document" means this
Agreement, any Fee Letter, any Borrower Accession Letter, any Resignation
Letter and any other document designated as such in writing by the Facility
Agent and ABB.

"Finance Party" means any of the Agents,
the Mandated Lead Arrangers and the Lenders.

"First Extension Request" has the meaning
given to it in Clause 2.3 (Extension Option). 

"Funding Rate" means any rate notified by
a Lender to the Facility Agent pursuant to paragraph (a)(ii) of Clause 11.1 (Market
disruption). 

"GAAP" means, in relation to a company,
generally accepted accounting principles in its jurisdiction of incorporation,
US GAAP or IFRS, as applied by ABB in its consolidated financial statements.

"Group" means ABB and its Subsidiaries and
 "Group Company" means any one of them.

"Holding Company" means, in relation to a
company or corporation, any other company or corporation in respect of which it
is a Subsidiary.

"IBOR" means, as appropriate, LIBOR or
EURIBOR.

"IFRS" means international accounting
standards as issued by the International Accounting Standards Board.

"Impaired Agent"
means an Agent at any time when:

(a)              
  it has failed to make (or
has notified a Party that it will not make) a payment required to be made by it
under the Finance Documents by the due date for payment;

(b)              
  it otherwise rescinds or
repudiates a Finance Document;

(c)              
  (if it is also a Lender) it
is a Defaulting Lender under paragraph (a) or (b) of the definition of
 "Defaulting Lender"; or

(d)              
  an Insolvency Event has
occurred and is continuing with respect to it;

unless,
in the case of paragraph (a) above:

(i)                
  its failure to pay is caused
by:

(A)            
  administrative or technical
error; or

(B)             
  a Disruption Event; and

payment
is made within 3 Business Days of its due date; or

	
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(ii)             
  the relevant Agent is
disputing in good faith whether it is contractually obliged to make the payment
in question.

"Increase Confirmation" means a
confirmation substantially in the form set out in Schedule 9 (Form of Increase
Confirmation). 

"Increase Lender" has the meaning given to
that term in Clause 2.2 (Increase of Commitments). 

"Indebtedness"
means, in relation to a person, its obligations (whether present or future,
actual or contingent, as principal or surety) for the payment or repayment of
money (whether in respect of interest, principal or otherwise) incurred in
respect of:

(a)              
  moneys borrowed;

(b)              
  any bond, note, loan stock,
debenture or similar instrument;

(c)              
  any acceptance credit, bill
discounting, note purchase, factoring or documentary credit facility (or
dematerialised equivalent);

(d)              
  any lease required under
GAAP as at the date hereof to be treated as a finance lease;

(e)              
  receivables sold or
discounted (other than any receivables to the extent that they are sold on a
non-recourse basis);

(f)               
  any guarantee, bond,
stand-by letter of credit or other similar instrument issued in connection with
the performance of payment obligations;

(g)              
  any interest rate or
currency swap agreement or any other hedging or derivatives instrument or
agreement (and, when calculating the value of such agreement(s) or
instrument(s), only the marked to market value (or, if any actual amount is due
as a result of the termination or close-out of such agreement(s) or
instrument(s), that amount) shall be taken into account);

(h)              
  any arrangement entered into
primarily as a method of raising finance pursuant to which any asset sold or
otherwise disposed of by that person is or may be leased to or re-acquired by a
Group Company (whether following the exercise of an option or otherwise); or

(i)                
  any guarantee, indemnity or
similar insurance against financial loss given in respect of the obligation of
any person falling within any of paragraphs (a) to (h) above.

"Information Package" means the documents
concerning the Group prepared by ABB in relation to the Facility and posted on
the Debtdomain site titled "ABB Ltd – Dec 2019" up to and including
the date of this Agreement.

	
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"Insolvency
Event" in relation to a Finance Party means that the Finance Party:

(a)              
  is dissolved (other than
pursuant to a consolidation, amalgamation or merger);

(b)              
  is insolvent and under an
insolvency, bankruptcy or governmental proceeding or process:

(i)                
  that is not directly or
indirectly undertaken for the purpose of restructuring, consolidating,
amalgamating, merging, rehabilitating or reorganising that Finance Party to
enable that Finance Party to continue its business; and

(ii)             
  that is not dismissed,
discharged, stayed or restrained in each case within 30 days of its institution
or presentation;

(c)              
  (except where such action is
directly or indirectly undertaken for the purpose of restructuring,
consolidating, amalgamating, merging, rehabilitating or reorganising that
Finance Party to enable it to continue its business) institutes or has
instituted against it, by a regulator, supervisor or any similar official with
primary insolvency, rehabilitative or regulatory jurisdiction over it in the
jurisdiction of its incorporation or organisation or the jurisdiction of its
head or home office, a proceeding seeking a judgment of insolvency or
bankruptcy or any other relief under any bankruptcy or insolvency law or other
similar law affecting creditors' rights, or a petition is presented for its
winding-up or liquidation by it or such regulator, supervisor or similar
official and such proceeding or petition is not dismissed, discharged, stayed
or restrained in each case within 30 days of its institution or presentation;

(d)              
  (except where such action is
directly or indirectly undertaken for the purpose of restructuring,
consolidating, amalgamating, merging, rehabilitating or reorganising that
Finance Party to enable it to continue its business) has a resolution passed
for its winding-up, official management or liquidation;

(e)              
  (except where such action is
directly or indirectly undertaken for the purpose of restructuring,
consolidating, amalgamating, merging, rehabilitating or reorganising that
Finance Party to enable it to continue its business) seeks or becomes subject
to the appointment of an administrator, provisional liquidator, conservator,
receiver, trustee, custodian or other similar official for it or for all or
substantially all its assets;

(f)               
  causes or is subject to any
event with respect to it which, under the applicable laws of any jurisdiction,
has an analogous effect to any of the events specified in paragraphs (a) to (e)
above; or

(g)              
  takes any action in
furtherance of, or indicating its consent to, approval of, or acquiescence in,
any of the foregoing acts.

	
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"Interest Period" means, in
relation to an Advance, each period determined in accordance with Clause 10 (Interest
Periods) and, in relation to an Unpaid Sum, each period determined in
accordance with Clause 9.3 (Default interest). 

"Interpolated Screen
Rate" means, in relation to LIBOR or EURIBOR for any Advance (other
than a Swingline Advance) the rate (rounded to the same number of decimal
places as the two relevant Screen Rates) which results from interpolating on a
linear basis between:

(a)              
  the applicable Screen Rate
for the longest period (for which that Screen Rate is available) which is less
than the Interest Period of that Advance); and

(b)              
  the applicable Screen Rate
for the shortest period (for which that Screen Rate is available) which exceeds
the Interest Period of that Advance,

each
as of the Specified Time on the Quotation Day for the currency of that Advance.

"Lender"
means:

(a)              
  any Original Lender; and

(b)              
  any bank which has become a
Party as a Lender in accordance with Clause 2.2 (Increase of Commitments)
or Clause 23 (Changes to the Lenders), 

which
in each case has not ceased to be a Party in accordance with the terms of this
Agreement.

"LIBOR"
means, in relation to any Advance (other than an Advance in Euro or a Swingline
Advance):

(a)              
  the applicable Screen Rate as
of the Specified Time on the Quotation Day for that Advance and for a period
equal in length to the Interest Period of that Advance; or

(b)              
  if no Screen Rate is
available for the Interest Period of that Advance, the Interpolated Screen Rate
for that Advance, 

and,
if any such rate is below zero, LIBOR will be deemed to be zero.

"Majority Lenders"
means a Lender or Lenders:

(a)              
  whose Commitments aggregate
more than 662⁄3 per cent. of the Total Commitments; or

(b)              
  if the Total Commitments
have been reduced to zero, whose Commitments aggregate more than 662⁄3 per
cent. of the Total Commitments immediately before the reduction.

"Margin" means, at any time in relation to
an Advance (other than a Dollar Swingline Advance) 0.175 per cent. per annum

	
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"Material Adverse Effect" means
a material adverse effect on the ability of the Obligors (taken as a whole) to
perform their payment obligations under the Finance Documents.

"Material Subsidiary"
shall mean:

(a)              
  as at the date of this
Agreement, each Borrower and any Subsidiary of ABB that is listed in Schedule 8
(Material Subsidiaries); and

(b)              
  at any time thereafter,

(i)                
  each Borrower; and

(ii)             
  any Subsidiary of ABB, that:

(A)            
  is the holding company of a
country (not a region) and that, together with its Subsidiaries, has combined
third party revenues or third party assets in excess of 5 per cent. of the
consolidated revenues or consolidated total assets of the Group;

(B)             
  on a non-consolidated (legal
entity) basis has third party revenues or third party assets in excess of 10
per cent. of the consolidated revenues or consolidated total assets of the
Group; or

(C)             
  has any notes, bonds,
debenture stock, loan stock or other securities outstanding to non-Group third
parties and in respect of which a guarantee, keep-well agreement or other
credit support has been provided by ABB,

provided always that:

(1)              
  the term "revenues"
shall exclude any revenues attributable to activities classified as
discontinued operations in the consolidated financial statements of the Group
and the term "assets" shall exclude any assets classified as
held-for-sale or as discontinued operations in the consolidated financial
statements of the Group;

(2)              
  all revenue and asset
figures shall be prepared in accordance with generally accepted accounting
principles used in preparation of the consolidated financial statements of the
Group;

(3)              
  "third party
revenues" shall exclude any revenues not included in total revenues in
the consolidated income statement of the Group;

	
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(4)              
  "third party assets"
shall exclude any assets that are not included in total assets in the
consolidated balance sheet of the Group; and

(5)              
  all revenue and asset
figures shall be for the most recently completed financial year of ABB.

"Month"
means a period starting on one day in a calendar month and ending on the
numerically corresponding day in the next calendar month, except that:

(a)              
  (subject to paragraph (c)
below) if the numerically corresponding day is not a Business Day, that period
shall end on the next Business Day in that calendar month in which that period
is to end if there is one, or if there is not, on the immediately preceding
Business Day;

(b)              
  if there is no numerically
corresponding day in the calendar month in which that period is to end, that
period shall end on the last Business Day in that calendar month; and

(c)              
  if an Interest Period begins
on the last Business Day of a calendar month, that Interest Period shall end on
the last Business Day in the calendar month in which that Interest Period is to
end.

The
above rules will only apply to the last Month of any period.

"New Lender" has the meaning given to that
term in Clause 23.1 (Assignments and transfers by the Lenders). 

"Obligors" means the Borrowers and the
Guarantor.

"Optional Currency" means a currency
(other than the Base Currency) which complies with the conditions set out in
Clause 4.3 (Conditions relating to Optional Currencies). 

"Original Financial
Statements" means:

(a)              
  in relation to ABB, the
audited consolidated financial statements of the Group for the financial year
ended 31 December 2018;

(b)              
  in relation to each Original
Borrower, its financial statements for its financial year ended 31 December 2018
(audited if available); and

(c)              
  in relation to any
Additional Borrower, its financial statements delivered pursuant to Part II of Schedule
2 (Additional Borrower Conditions Precedent) (audited if available).

"Original Obligors" means the Original
Borrowers and the Guarantor.

"Outstandings" means the aggregate of the
Base Currency Amount from time to time of each of the Advances.

	
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"Participating Member State"
means any member state of the European Union that has the Euro as its lawful
currency in accordance with legislation of the European Union relating to
Economic and Monetary Union.

"Party" means a party to this Agreement
and includes its successors in title, permitted assigns and permitted
transferees.

"Prime Rate" means, in respect of any
Dollar Swingline Advance, for any day, the rate of interest per annum announced
from time to time by the Dollar Swingline Agent to be its prime rate in effect
at its principal office in New York City and if that rate is less than zero, Prime
Rate shall be deemed to be zero.

"Project Company"
means any Subsidiary of ABB:

(a)              
  which is a single purpose
company whose primary purpose is to invest in, lend to or carry out a specific
project or portfolio of projects; and

(b)              
  none of whose liabilities to
repay Project Finance Indebtedness are the subject of security or a guarantee,
indemnity or any similar form of assurance, undertaking or support by any Group
Company save to the extent described in the definition of Project Finance
Indebtedness.

"Project Finance
Indebtedness" means:

(a)              
  any Indebtedness of a
Project Company incurred to finance the project constituted by the assets and
business of such Project Company or any Indebtedness of such Project Company
incurred to refinance any such aforementioned Indebtedness; and

(b)              
  where neither the persons to
whom such Indebtedness is owed (whether or not a Group Company) nor any other
person shall have any recourse whatsoever to any Group Company (other than such
Project Company) for the repayment or payment of any sum relating to such
Indebtedness other than recourse directly or indirectly to any Group Company
under any form of assurance or undertaking, which recourse (1) is limited to
the enforcement of any share pledge granted by a Group Company over its shares
in such Project Company or the enforcement of any security granted over a
shareholder loan between a Group Company and such Project Company and/or (2) is
limited to a claim for damages for breach of an obligation (not being a payment
obligation) of the person against whom that recourse is available and/or (3) entitles
the creditor for that Indebtedness or the relevant Project Company, upon
default by the Project Company (or in other circumstances specified in the
documentation relating to the project) to require a payment to be made (whether
to or for the benefit of that creditor, the Project Company or another person),
provided that, in the case of (3), where that payment is capable of
being for an amount which is material either alone or as a percentage of the
Indebtedness financing that project, such recourse is capable of being called
on only during the period on or prior to practical completion of the project or
of that portion of that project being financed by that Indebtedness; or

	
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(c)              
  which the Majority Lenders
shall have agreed to treat as Project Finance Indebtedness for the purposes of
this Agreement.

"Qualifying Bank" means 

(a)              
  any bank as defined in the
Swiss Federal Code for Banks and Savings Banks dated 8 November 1934 (Bundesgesetz
 über die Banken und Sparkassen); or 

(b)              
  a person or entity which
effectively conducts banking activities with its own infrastructure and staff
as its principal business purpose and which has a banking license in full force
and effect issued in accordance with the banking laws in force in its
jurisdiction of incorporation, or if acting through a branch, issued in
accordance with the banking laws in the jurisdiction of such branch. 

"Qualifying Lender" has the meaning given
to such term in Clause 13.1 (Definitions). 

"Quotation Day"
means, in relation to any period for which an interest rate is to be determined
(other than in respect of a Swingline Advance):

(a)              
  (if the currency is
Sterling) the first day of that period;

(b)              
  (if the currency is Euro)
two days which are:

(i)                
  TARGET Days; and

(ii)             
  days on which banks are open
for general business in London,

before the first day of that period; or

(c)              
  (for any other currency) two
days on which banks are open for general business in London) before the first
day of that period,

unless
market practice differs in the Relevant Market for a currency, in which case
the Quotation Day for that currency will be determined by the Facility Agent in
accordance with market practice in the Relevant Market (and if quotations would
normally be given on more than one day, the Quotation Day will be the last of
those days).

"Relevant Market" means:

(a)              
  in relation to Euro, and
subject to paragraph (b) below, the European interbank market and, in relation
to any other currency, the London interbank market; and

(b)              
  in relation to Euro and the
Euro Swingline Facility, the euro wholesale market.

"Relevant Nominating Body" means any
applicable central bank, regulator or other supervisory authority or a group of
them, or any working group or committee sponsored or chaired by, or constituted
at the request of, any of them or the Financial Stability Board.

	
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"Replacement  Benchmark"
means a benchmark rate which is:

(a)              
  formally designated,
nominated or recommended as the replacement for a Screen Rate by:

(i)                
  the administrator of that
Screen Rate (provided that the market or economic reality that such benchmark
rate measures is the same as that measured by that Screen Rate); or

(ii)             
  any Relevant Nominating
Body,

and if replacements have, at the relevant time,
been formally designated, nominated or recommended under both paragraphs, the
 "Replacement Benchmark" will be the replacement under paragraph (ii)
above;

(b)              
  in the opinion of the
Majority Lenders and ABB, generally accepted in the international or any
relevant domestic syndicated loan markets as the appropriate successor to a
Screen Rate; or

(c)              
  in the opinion of the
Majority Lenders and ABB, an appropriate successor to a Screen Rate.

"Reservations" means any general
principles of law which are set out as qualifications as to matters of law in
any legal opinion delivered to the Facility Agent under Schedule 2 (Conditions
Precedent). 

"Resignation Letter" means a letter
substantially in the form set out in Schedule 7 (Form of Resignation Letter). 

"Restricted Party"
means:

(a)              
  a person that is a target of
Economic Sanctions Laws; or

(b)              
  a person, other than an
individual, located in or incorporated under the laws of a country or territory
that is the target of country-wide or territory-wide Economic Sanctions Laws
that prohibit doing business in or with that country or territory.

"Revolving Facility Affiliate" means, in
respect of a Lender that is a Swingline Lender, an Affiliate of that Swingline
Lender that is itself a Lender.

"Rollover Advance"
means one or more Advances (other than Swingline Advances):

(a)              
  made or to be made on the
same day that a maturing Advance is due to be repaid;

(b)              
  the aggregate amount of
which is equal to or less than the amount of the maturing Advance;

(c)              
  in the same currency as the
maturing Advance (unless it arose as a result of the operation of Clause 6.2 (Unavailability
of a currency)); and

	
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(d)              
  made or to be made to a
Borrower for the purpose of refinancing a maturing Advance made to such
Borrower.

"Sanctions Authorities" means the Office
of Foreign Assets Control of the U.S. Department of the Treasury (OFAC), the
U.S. Department of State, the European Union, Switzerland, the United Kingdom,
and the United Nations.

"Screen Rate"
means:

(a)              
  in relation to LIBOR, the
London interbank offered rate administered by ICE Benchmark Administration
Limited (or any other person which takes over the administration of that rate)
for the relevant currency and period displayed (before any correction,
recalculation or republication by the administrator)on pages LIBOR01 or LIBOR02
of the Thomson Reuters screen (or any replacement Thomson Reuters page which
displays that rate); 

(b)              
  in relation to EURIBOR, the
euro interbank offered rate administered by the European Money Markets
Institute (or any other person which takes over the administration of that
rate) for the relevant period displayed (before any correction, recalculation
or republication by the administrator) on page EURIBOR01 of the Thomson Reuters
screen (or any replacement Thomson Reuters page which displays that rate); and

(c)              
  in relation to €STR, the euro short-term rate administered by the European
Central Bank (or any other person which takes over the administration of that
rate) displayed (before any correction, recalculation or republication by the
administrator) on page EUROSTR= of the Thomson Reuters screen (or any
replacement Thomson Reuters page which displays that rate),

or,
in each case, on the appropriate page of such other information service which
publishes that rate from time to time in place of Reuters.  If such page or
service ceases to be available, the Facility Agent may specify another page or
service displaying the relevant rate after consultation with ABB and the
Lenders.

"Screen Rate Replacement Event" means, in
relation to a Screen Rate:

(a)              
  the methodology, formula or
other means of determining that Screen Rate has, in the opinion of the Majority
Lenders and ABB, materially changed; or

(b)              
   

(i)                
   

(A)            
  the administrator of that
Screen Rate or its supervisor publicly announces that such administrator is
insolvent; or

(B)             
  information is published in
any order, decree, notice, petition or filing, however described, or filed with
a court, tribunal, exchange, 

	
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regulatory authority or
similar administrative, regulatory or judicial body which reasonably confirms
that the administrator of that Screen Rate is insolvent,

provided that, in each case, at that time, there
is no successor administrator to continue to provide that Screen Rate;

(ii)             
  the administrator of that
Screen Rate publicly announces that it has ceased or will cease, to provide
that Screen Rate permanently or indefinitely and, at that time, there is no
successor administrator to continue to provide that Screen Rate;

(iii)           
  the supervisor of the
administrator of that Screen Rate publicly announces that such Screen Rate has
been or will be permanently or indefinitely discontinued;

(iv)            
  the administrator of that
Screen Rate or its supervisor announces that that Screen Rate may no longer be
used; or

(v)              
  in the opinion of the
Majority Lenders and ABB, that Screen Rate is otherwise no longer appropriate
for the purposes of calculating interest under this Agreement.

"Second Extension Request" has the meaning
given to it in Clause 2.3 (Extension Option). 

"Securitisations" means any local or
global securitisation programme from time to time established (including as of
the date of this Agreement) by any Group Company, each as may be modified,
supplemented, renewed, substituted, varied or amended.

"Security" means any mortgage, charge,
assignment by way of security, pledge, hypothecation, lien and any other
security interest of any kind whatsoever.

"Separate Advances" has the meaning given
to that term in Clause 7.1 (Repayment of Advances). 

"Specified Time" means a time determined
in accordance with Schedule 5 (Timetables). 

"Subsidiary" means a subsidiary within the
meaning of section 1159 of the Companies Act 2006.

"Swingline Advance" means a Dollar
Swingline Advance or a Euro Swingline Advance.

"Swingline Affiliate" means, in respect of
a Lender, an Affiliate of that Lender that is a Swingline Lender.

"Swingline Agents" means the Dollar Swingline
Agent and the Euro Swingline Agent and "Swingline Agent" means
either of them.

	
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"Swingline Commitment" means,
in respect of a Swingline Lender, its Dollar Swingline Commitment or its Euro
Swingline Commitment.

"Swingline Lender" means a Dollar
Swingline Lender or a Euro Swingline Lender.

"TARGET Day" means any day on which
TARGET2 is open for the settlement of payments in Euro.

"TARGET2" means the Trans-European
Automated Real-time Gross Settlement Express Transfer payment system which
utilises a single shared platform and which was launched on 19 November 2007.

"Tax" means any tax, levy, impost, duty or
other charge or withholding of a similar nature (including any penalty or
interest payable in connection with any failure to pay or any delay in paying
any of the same).

"Termination Date" means, subject to
Clause 2.3 (Extension Option), the fifth anniversary of the date of this
Agreement.

"Total Commitments" means the aggregate
Commitments of the Lenders, being $2,000,000,000 at the date of this Agreement.

"Total Outstandings" means the aggregate
from time to time of the Outstandings.

"Total Swingline Facility Amount" means
the higher of (a) the aggregate of the Dollar Swingline Commitments and (b) the
aggregate of the Euro Swingline Commitments, being $750,000,000 as at the date
of this Agreement.

"Transfer Certificate" means a certificate
substantially in the form set out in Schedule 4 (Form of Transfer
Certificate) or any other form agreed between the Facility Agent and ABB.

"Transfer Date"
means, in relation to a transfer, the later of:

(a)              
  the proposed Transfer Date
specified in the Transfer Certificate; and

(b)              
  the date on which the
Facility Agent executes the Transfer Certificate.

"Unpaid Sum" means any sum due and payable
but unpaid by a Borrower under the Finance Documents.

"US GAAP" means generally accepted
accounting principles in the United States of America.

"US Tax Obligor"
means:

(a)              
  a Borrower which is resident
for tax purposes in the United States of America; or

	
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(b)              
  an Obligor some or all of
whose payments under the Finance Documents are from sources within the United
States for US federal income tax purposes.

"Utilisation" means a utilisation of the
Facility.

"Utilisation Date" means the date of a
Utilisation, being the date on which an Advance is to be made.

"Utilisation Request" means a notice
substantially in the form set out in Schedule 3 (Utilisation Request). 

"VAT" means value added tax as provided
for in the Value Added Tax Act 1994 and any other tax of a similar nature.

1.2             
  Construction

(a)              
  Any reference in this
Agreement to:

(i)                
  "assets"
includes, except in the definition of Material Subsidiary, present and future
properties, revenues and rights of every description;

(ii)             
  "bank"
means a bank entity that is licensed to provide banking services in accordance
with applicable regulations in its jurisdiction of incorporation;

(iii)           
  the "European
interbank market" means the interbank market for Euro operating in
Participating Member States;

(iv)            
  a "Finance Document"
or any other agreement or instrument is a reference to that Finance Document or
other agreement or instrument as amended, novated, supplemented, extended,
replaced or restated;

(v)              
  a "person"
includes any individual, firm, company, corporation, government, state or
agency of a state or any association, trust, joint venture, consortium or
partnership (whether or not having separate legal personality);

(vi)            
  a "regulation"
includes any regulation, rule, official directive, request or guideline
(whether or not having the force of law but, if not having the force of law,
the compliance with which is customary) of any governmental, intergovernmental
or supranational body, agency, department or of any regulatory, self-regulatory
or other authority or organisation;

(vii)         
  a "financial year"
in relation to ABB, means a period in respect of which it is required to produce
annual audited financial statements;

(viii)       
  except where the context
otherwise requires, words in the singular include the plural and in the plural
include the singular;

	
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(ix)            
  a provision of law is a
reference to that provision as amended or re-enacted; and

(x)              
  unless a contrary indication
appears, a time of day is a reference to London time.

(b)              
  The determination of the
extent to which a rate is "for a period equal in length" to an
Interest Period shall disregard any inconsistency arising from the last day of
that Interest Period being determined pursuant to the terms of this Agreement.

(c)              
  Where there is a reference
in this Agreement to any amount, limit or threshold specified in Dollars, in
ascertaining whether or not that amount, limit or threshold has been attained,
broken or achieved, as the case may be, a non-Dollar amount shall, unless the
context otherwise requires or the contrary is indicated, be counted on the
basis of the equivalent in Dollars of that amount using the Facility Agent's
Spot Rate of Exchange.

(d)              
  Section, Clause and Schedule
headings are for ease of reference only.

(e)              
  Unless a contrary indication
appears, a term used in any other Finance Document or in any notice given under
or in connection with any Finance Document has the same meaning in that Finance
Document or notice as in this Agreement.

(f)               
  A Default is "continuing"
if it has not been remedied or waived.

(g)              
  For the avoidance of doubt,
where any person is party to this Agreement in more than one capacity,
reference to that person in one capacity shall not (except where the context
otherwise requires) include reference to it in any other capacity.

(h)              
  References to a Commitment
of Citibank, N.A./Citibank, N.A., London Branch (together the "Citi
Entities") in relation to the Facility shall be construed as a
reference to the aggregate Commitment of Citibank, N.A., Citibank, N.A. and
London Branch in relation to the Facility (as allocated between the Citi Entities
in such proportions and such amounts as each Citi Entity notifies to the
Facility Agent from time to time).

(i)                
  References to a Commitment
of Bank of America Merrill Lynch International Designated Activity Company/Bank
of America N.A./Bank of America N.A., London Branch (together the "BofA
Entities") in relation to the Facility shall be construed as a
reference to the aggregate Commitment of Bank of America Merrill Lynch
International Designated Activity Company, Bank of America N.A., and Bank of
America N.A., London Branch in relation to the Facility (as allocated between
the BofA Entities in such proportions and such amounts as each BofA Entity
notifies to the Facility Agent from time to time).

1.3             
  Dutch Terms

In
this Agreement, where it relates to a Dutch entity, a reference to:

	
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(a)              
  a necessary action to
authorise where applicable, includes without limitation:

(i)                
  any action required to
comply with the Dutch Works Councils Act (Wet op de ondernemingsraden);
and

(ii)             
  obtaining an unconditional
positive advice (advies) from the competent works council(s);

(b)              
  a winding-up, administration
or dissolution includes a Dutch entity being:

(i)                
  declared bankrupt (failliet
verklaard); 

(ii)             
  dissolved (ontbonden); 

(c)              
  a moratorium includes surséance
van betaling and granted a moratorium includes surséance verleend; 

(d)              
  a liquidator or a trustee in
bankruptcy includes a curator; 

(e)              
  an administrator includes a bewindvoerder;
and

(f)               
  a(n) (administrative)
receiver does not include a curator  or bewindvoerder.  

1.4             
  Currency Symbols and Definitions

"$"
and "Dollars" denote the lawful currency of the United States
of America, "£" and "Sterling" denote the
lawful currency of the United Kingdom, and "€", "EUR"
and "Euro" denote the single currency of the Participating
Member States.

1.5             
  Third Party Rights

A
person who is not a Party has no right under the Contracts (Rights of Third
Parties) Act 1999 to enforce any term of this Agreement.

	
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SECTION 2

THE FACILITY

2.                 
  The Facility

2.1             
  The Facility

Subject to the terms
of this Agreement, the Lenders make available to the Borrowers, a multicurrency
revolving credit facility (the "Facility") in a maximum
aggregate amount of $2,000,000,000, including within it the following sub-facilities:

(a)              
  a Dollar revolving swingline
facility (the "Dollar Swingline Facility") in a maximum
aggregate amount equal to the aggregate Dollar Swingline Commitments; and

(b)              
  a Euro revolving swingline
facility (the "Euro Swingline Facility") in a maximum Base
Currency Amount equal to the aggregate Euro Swingline Commitments.

Each
Swingline Commitment of each Lender that is a Swingline Lender forms part of
the Commitment of that Lender.  Each Swingline Commitment of each Swingline
Lender that is a Swingline Affiliate of another Lender forms part of that other
Lender's Commitment.  For the avoidance of doubt each Lender and its Swingline
Affiliate shall be treated as having a single participation in the Facility and
a single vote.

2.2             
  Increase of Commitments

(a)              
  ABB may by giving prior
notice to the Facility Agent by no later than the date falling 90 Business Days
after the effective date of a cancellation of the Available Commitments and/or
any Swingline Commitments of (i) a Defaulting Lender (or its Revolving Facility
Affiliate or Swingline Affiliate) in accordance with paragraph (f) of Clause 8.7
(Right of replacement or repayment and cancellation in relation to a single
Lender), (ii) any Lender in accordance with Clause 8.1 (Lender
Illegality) or (iii) any Lender that has refused an Extension Request and
has not been replaced in accordance with Clause 8.7 (Right of replacement or
repayment and cancellation in relation to a single Lender), request that
the Total Commitments or the relevant Swingline Commitments be increased (and
the Total Commitments or the relevant Swingline Commitments shall be so
increased) in an aggregate amount in the Base Currency of up to the amount of
the Available Commitments, the relevant Swingline Commitments or the
Commitments so cancelled as follows:

(i)                
  the increased Commitments
and/or the relevant Swingline Commitments will be assumed by one or more
Lenders or other banks (each an "Increase Lender") (none of
which may be a member of the Group) selected by ABB and each of which confirms
its willingness to assume and does assume all the obligations of a Lender
corresponding to that part of the 

	
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increased Commitments and/or the relevant
Swingline Commitments which it is to assume, as if it had been an Original
Lender;

(ii)             
  each of the Obligors and any
Increase Lender shall assume obligations towards one another and/or acquire
rights against one another as the Obligors and the Increase Lender would have
assumed and/or acquired had the Increase Lender been an Original Lender;

(iii)           
  each Increase Lender shall
become a Party as a "Lender" and any Increase Lender and each of the
other Finance Parties shall assume obligations towards one another and acquire
rights against one another as that Increase Lender and those Finance Parties
would have assumed and/or acquired had the Increase Lender been an Original
Lender;

(iv)            
  the Commitments and
Swingline Commitments of the other Lenders shall continue in full force and effect;
and

(v)              
  any increase in the Total
Commitments and/or the relevant Swingline Commitments shall take effect on the
date specified by ABB in the notice referred to above or any later date on
which the conditions set out in paragraph (b) below are satisfied.

No
Lender shall have any obligation to act as an Increase Lender unless it
indicates that it is willing to do so in accordance with sub-paragraph (i).

(b)              
  An increase in the Total
Commitments and/or any Swingline Commitments will only be effective on:

(i)                
  the execution by the
Facility Agent of an Increase Confirmation from the relevant Increase Lender;
and

(ii)             
  in relation to an Increase
Lender which is not a Lender immediately prior to the relevant increase the
performance by the Facility Agent of all necessary "know your
customer" or other similar checks under all applicable laws and
regulations in relation to the assumption of the increased Commitments and/or
Swingline Commitments by that Increase Lender, the completion of which the
Facility Agent shall promptly notify to ABB and the Increase Lender.

(c)              
  No Swingline Commitment of a
Lender may exceed the Commitment of that Lender or its Revolving Facility
Affiliate pursuant to the operation of this Clause 2.2.  Accordingly where the
Swingline Commitments are to be increased pursuant to this Clause to replace
Swingline Commitments of a Swingline Lender that have been cancelled pursuant
to paragraph (f) of Clause 8.7 (Right of replacement or repayment and
cancellation in relation to a single Lender) or Clause 8.1 (Lender
Illegality) without a commensurate cancellation of the Commitments of that
Swingline Lender's Revolving Facility Affiliate being required at the time of
such cancellation, that Revolving Facility Affiliate shall (to the extent of
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Commitments at the time of the increase in
Swingline Commitments) be required to transfer its Commitments to the relevant
Increase Lender (or its Affiliate) on the terms provided for in Clause 35.6 (Replacement
of a Defaulting Lender) to the extent necessary to ensure that the
Commitments of the Increase Lender (or its Affiliate) are at least equal to
each of the Swingline Commitments assumed by that Increase Lender.

(d)              
  Each Increase Lender, by
executing the Increase Confirmation, confirms (for the avoidance of doubt) that
the Facility Agent has authority to execute on its behalf any amendment or
waiver that has been approved by or on behalf of the requisite Lender or
Lenders in accordance with this Agreement on or prior to the date on which the
increase becomes effective.

(e)              
  Unless the Facility Agent
otherwise agrees or the increased Commitment and/or Swingline Commitment is
assumed by an existing Lender, ABB shall, on the date upon which the increase
takes effect, promptly on demand pay the Facility Agent the amount of all costs
and expenses (including legal fees) reasonably incurred by it in connection
with any increase in Commitments and/or Swingline Commitments under this Clause
2.2.

(f)               
  ABB may pay to the Increase Lender
a fee in the amount and at the times agreed between ABB and the Increase Lender
in a letter between ABB and the Increase Lender setting out that fee.

(g)              
  Clause 23.4 (Limitation
of responsibility of Existing Lenders) shall apply mutatis mutandis
in this Clause 2.2 in relation to an Increase Lender as if references in that
Clause to:

(i)                
  an "Existing Lender"
were references to all the Lenders immediately prior to the relevant increase;

(ii)             
  the "New Lender"
were references to that "Increase Lender"; and

(iii)           
  a "re-transfer"
and "re-assignment" were references to respectively a "transfer"
and "assignment". 

(h)              
  The Increase Lender shall,
on the date upon which the increase takes effect, pay to the Facility Agent
(for its own account) a fee of $2,000.

2.3             
  Extension Option

(a)              
  ABB may request that the
Termination Date be extended subject to the terms of this Clause 2.3:

(i)                
  by giving written notice to
the Facility Agent not less than 45 days and not more than 90 days before the
date which is 12 Months after the date of this Agreement (the "First
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Termination
Date shall be the date which is 72 Months after the date of this Agreement (the
 "First Extension Termination Date"); and/or

(ii)             
  by giving written notice to
the Facility Agent not less than 45 days and not more than 90 days before the
date which is 24 Months after the date of this Agreement (the "Second
Extension Request") requesting that the Termination Date shall be the
date which is 84 Months after the date of this Agreement.

(b)              
  The Facility Agent shall
promptly notify each Lender of any Extension Request (including, in the case of
a Second Extension Request, any Lender that refused a First Extension Request).

(c)              
  Each Lender (including, in
the case of a Second Extension Request, any Lender that refused a First
Extension Request) shall notify the Facility Agent of its decision (which shall
be in its sole discretion) in respect of whether or not to agree to an
Extension Request not later than 20 days before the date which is:

(i)                
  in respect of a First
Extension Request, the date which is 12 Months after the date of this Agreement
(and, if any Lender has not notified the Facility Agent of its acceptance of
the First Extension Request on or before such date, it shall be deemed to have
refused such First Extension Request); or

(ii)             
  in respect of a Second
Extension Request, the date which is 24 Months after the date of this Agreement
(and, if any Lender has not notified the Facility Agent of its acceptance of
the Second Extension Request on or before such date, it shall be deemed to have
refused such Second Extension Request),

and
the Facility Agent shall notify ABB of whether or not each Lender has agreed to
the relevant Extension Request promptly, and in any case no later than 5
Business Days after (A) receipt by it of a notification from a Lender as to
whether or not it has agreed to the relevant Extension Request and/or (B) the
deemed refusal of a Lender to an Extension Request (as applicable).

(d)              
  With effect from the date on
which ABB receives notification from the Facility Agent pursuant to paragraph (c)
above, the Termination Date shall be extended in relation to the Commitments
and/or Swingline Commitments of those Lender(s) who have agreed to the relevant
Extension Request.

(e)              
  If a Lender agrees to an
Extension Request, the agreement of such Lender shall be deemed to include the
agreement of its Revolving Facility Affiliate and its Swingline Affiliate.

(f)               
  If a Lender refuses an
Extension Request and ABB exercises its right to either:

(i)                
  replace such refusing Lender
pursuant to Clause 8.7 (Right of replacement or repayment and cancellation
in relation to a single Lender); or

	
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(ii)             
  increase the Total
Commitments following the cancellation of such refusing Lender's Commitments
and/or Swingline Commitments, in an amount equal to the Commitments and/or
Swingline Commitments so cancelled, pursuant to Clause 2.2 (Increase of
Commitments), 

the
relevant New Lender or Increase Lender (as applicable) shall be deemed to have
consented to the Extension Request that was the subject of the refusal.

2.4             
  Finance Parties' rights and
obligations

(a)              
  The obligations of each Finance
Party under the Finance Documents are several.  Failure by a Finance Party to
perform its obligations under the Finance Documents does not affect the
obligations of any other Party under the Finance Documents.  No Finance Party
is responsible for the obligations of any other Finance Party under the Finance
Documents.

(b)              
  The rights of each Finance Party under or in connection with the Finance Documents are
separate and independent rights and any debt arising under the Finance
Documents to a Finance Party from any of the Obligors is a separate and
independent debt in respect of which a Finance Party shall be entitled to
enforce its rights in accordance with paragraph (c) below. The rights of each
Finance Party include any debt owing to that Finance Party under the Finance
Documents and, for the avoidance of doubt, any part of an Advance or any other
amount owed by an Obligor which relates to a Finance Party's participation in the
Facility or its role under a Finance Document (including any such amount
payable to the Agent on its behalf) is a debt owing to that Finance Party by
that Obligor.

(c)              
  A Finance Party may, except
as specifically provided in the Finance Documents, separately enforce its
rights under or in connection with the Finance Documents.

2.5             
  Facility Offices

(a)              
  Subject to paragraph (b)
below, a Lender may (i) change its Facility Office for the purpose of this
Agreement and/or (ii) nominate a different Facility Office for the purposes of
making a particular Advance or particular type of Advance to any Borrower, in
which event such Facility Office shall for the purposes of this Agreement be
its Facility Office for that Advance or that type of Advance but not otherwise.

(b)              
  If a Lender changes its
Facility Office or nominates a different Facility Office, (i) that Lender will
notify the Facility Agent and ABB promptly (and, in any event, within 5
Business Days) of such change or, as the case may be, nomination, and until it
does so, the Facility Agent and ABB will be entitled to assume that no such
change has taken place and (ii) if the country of such Facility Office is not
subject to the Financial Action Task Force any such change or, as the case may
be, nomination shall be subject to the prior written consent of the Facility
Agent.

	
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2.6             
  Borrowers' right and
obligations hereunder

(a)              
  Each Borrower by its
execution of this Agreement or a Borrower Accession Letter irrevocably appoints
ABB to act on its behalf as its agent in relation to the Finance Documents (in
this capacity, the "Borrowers'  Agent") and irrevocably
authorises (i) ABB on its behalf to supply all information concerning itself
contemplated by this Agreement to the Finance Parties and to give all notices
and instructions (including Utilisation Requests), to execute on its behalf any
Borrower Accession Letter and to make such agreements capable of being given or
made by any Borrower notwithstanding that they may affect such Borrower,
without further reference to or the consent of such Borrower and (ii) each
Finance Party to give any notice, demand or other communication to such
Borrower pursuant to the Finance Documents to ABB on its behalf, and in each
case such Borrower shall be bound thereby as though such Borrower itself had
given such notices and instructions (including, without limitation, any
Utilisation Requests) or executed or made such agreements or received any such
notice, demand or other communication.

(b)              
  Every act, omission,
agreement, undertaking, settlement, waiver, notice or other communication given
or made by the Borrowers' Agent or given to the Borrowers' Agent under this
Agreement, or in connection with this Agreement (whether or not known to any
other Borrower and whether occurring before or after such a Borrower became a
Borrower under this Agreement) shall be binding for all purposes on all
Borrowers as if the Borrowers had expressly made, given or concurred with the
same.  In the event of any conflict between any notices or other communications
of the Borrowers' Agent and any Borrower, those of the Borrowers' Agent shall
prevail.

(c)              
  The Borrowers' Agent may
resign its appointment hereunder by giving not less than ten Business Days'
prior written notice to that effect to the Facility Agent, provided that
no such resignation shall be effective until a successor consents in writing to
the Facility Agent to be appointed.

3.                 
  Purpose

3.1             
  Purpose

Each
Borrower shall apply all amounts borrowed by it under the Facility for the
general corporate purposes of the Group, provided that no Swingline
Advance shall be used to refinance another Swingline Advance.

3.2             
  Monitoring

No
Finance Party is bound to monitor or verify the application of any amount
borrowed pursuant to this Agreement.

	
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4.                 
  Conditions of Utilisation

4.1             
  Initial conditions precedent

(a)              
  No Utilisation Request may
be served unless the Facility Agent has received all of the documents and other
evidence listed in Part I of Schedule 2 (Conditions Precedent) in form
and substance reasonably satisfactory to the Facility Agent.

(b)              
  The Facility Agent shall
notify ABB and the Lenders promptly upon the conditions set out in paragraph (a)
of this Clause 4.1 being satisfied.

(c)              
  Other than to the extent
that the Majority Lenders notify the Facility Agent in writing to the contrary
before the Facility Agent gives the notification described in paragraph (b)
above, the Lenders authorise (but do not require) the Facility Agent to give
that notification.  The Facility Agent shall not be liable for any damages,
costs or losses whatsoever as a result of giving any such notification.

4.2             
  Further conditions precedent

(a)              
  The Lenders will only be
obliged to comply with Clause 5.4 (Lenders' participation) and Clause 5.8
(Swingline Lenders' participation) if on the date of the Utilisation
Request and on the proposed Utilisation Date (in each case other than in the
case of a Rollover Advance):

(i)                
  no Default is continuing or
would result from the proposed Advance;

(ii)             
  the representations to be
made by ABB pursuant to Clause 19.16 (Repetition) are true in all
respects; and

(iii)           
  such proposed Utilisation
Date is not within 30 days of ABB providing notice to the Facility Agent in
accordance with paragraph (a) of Clause 8.3 (Mandatory Prepayment on
Change of Control). 

(b)              
  An Advance will not be made
if it would result in the Base Currency Amount of all Advances exceeding the
Total Commitments.

4.3             
  Conditions relating to
Optional Currencies

A
currency will constitute an Optional Currency in relation to an Advance if it
is Sterling or Euro, or it is readily available in the amount required and
freely convertible into the Base Currency in the wholesale market for that
currency on the Quotation Day and the Utilisation Date for that Advance provided
that there may not at any time be Advances outstanding denominated in more
than 5 Optional Currencies.

4.4             
  Maximum number of Advances

(a)              
  No Borrower may deliver a
Utilisation Request if as a result of the proposed Utilisation more than 10
Advances would be outstanding.

	
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(b)              
  Any Advance made by a single
Lender under Clause 6.2 (Unavailability of a currency) shall not be
taken into account in this Clause 4.4.

(c)              
  Any Separate Advance shall
not be taken into account in this Clause 4.4.

	
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SECTION 3

UTILISATION

5.                 
  Utilisation

5.1             
  Delivery of a Utilisation
Request

A
Borrower may utilise the Facility (other than for the purpose of drawing
Swingline Advances, which may be drawn in accordance with Clause 5.5 (Delivery
of a Utilisation Request for a Swingline Advance)) by delivery to the
Facility Agent of a duly completed Utilisation Request not later than the
Specified Time.

5.2             
  Completion of a Utilisation
Request

(a)              
  Each Utilisation Request
delivered to the Facility Agent pursuant to Clause 5.1 (Delivery of a
Utilisation Request) is irrevocable and will not be regarded as having been
duly completed unless:

(i)                
  the proposed Utilisation
Date is a Business Day within the Availability Period;

(ii)             
  the currency and amount of
the Utilisation comply with Clause 5.3 (Currency and amount); and

(iii)           
  the proposed Interest Period
complies with Clause 10 (Interest Periods). 

(b)              
  Only one Advance may be
requested in each Utilisation Request delivered to the Facility Agent pursuant
to Clause 5.1 (Delivery of a Utilisation Request). 

5.3             
  Currency and amount

(a)              
  The currency specified in a
Utilisation Request delivered to the Facility Agent pursuant to Clause 5.1 (Delivery
of a Utilisation Request) must, in the case of any Advance (not being a
Swingline Advance), be the Base Currency or an Optional Currency.

(b)              
  The amount of the proposed
Advance must be:

(i)                
  if the currency selected is
the Base Currency, a minimum of $50,000,000 and an integral multiple of
$10,000,000; or

(ii)             
  if the currency selected is
Euro, a minimum of Euro 50,000,000 and an integral multiple of Euro10,000,000;
or

(iii)           
  if the currency selected is
Sterling, a minimum amount of £25,000,000 and an integral multiple of
 £5,000,000; or

	
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(iv)            
  if the currency selected is
an Optional Currency (other than Euro or Sterling), in such minimum amount and
multiple as the Facility Agent and ABB may agree,

or,
in any case, the amount of the Available Facility.

5.4             
  Lenders' participation

(a)              
  If the conditions set out in
this Agreement have been met, and subject to Clause 7.1 (Repayment of
Advances), each Lender shall make its participation in each Advance
available by the Utilisation Date through its Facility Office.

(b)              
  Subject to Clause 6.2 (Unavailability
of a currency), the amount of each Lender's participation in each Advance
(not being a Swingline Advance) will be equal to the proportion borne by its
Available Commitment to the Available Facility immediately prior to making the
Advance. 

(c)              
  The Facility Agent shall
determine the Base Currency Amount of each Advance which is to be made in an
Optional Currency and shall notify each Lender of the amount, currency and the
Base Currency Amount of each Advance, the amount of its participation in that
Advance and (if different) the amount of that participation to be made
available in cash, in each case by the Specified Time.

5.5             
  Delivery of a Utilisation
Request for a Swingline Advance

The
Borrowers may utilise the Dollar Swingline Facility or the Euro Swingline
Facility by delivery to the relevant Swingline Agent (with a copy to the
Facility Agent) of a duly completed Utilisation Request not later than the
Specified Time.

5.6             
  Completion of a Utilisation
Request for a Swingline Advance

(a)              
  Each Utilisation Request
delivered pursuant to Clause 5.5 (Delivery of a Utilisation Request for a
Swingline Advance) is irrevocable and will not be regarded as having been
duly completed unless:

(i)                
  it specifies whether the
Swingline Advance is to be a Dollar Swingline Advance or a Euro Swingline
Advance;

(ii)             
  the proposed Utilisation
Date is a Business Day within the Availability Period;

(iii)           
  the currency and amount of
the Utilisation comply with Clause 5.7 (Currency and amount); and

(iv)            
  the proposed Interest Period
complies with Clause 10 (Interest Periods). 

	
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(b)              
  Only one Swingline Advance
may be requested in each Utilisation Request delivered pursuant to Clause 5.5 (Delivery
of a Utilisation Request for a Swingline Advance). 

5.7             
  Currency and amount

(a)              
  The currency specified in a
Utilisation Request delivered pursuant to Clause 5.5 (Delivery of a
Utilisation Request for a Swingline Advance) must be Dollars (in the case
of a Dollar Swingline Advance) or Euro (in the case of a Euro Swingline
Advance).

(b)              
  The amount of the proposed
Swingline Advance must be:

(i)                
  in the case of a Dollar
Swingline Advance, a minimum of $50,000,000 and an integral multiple of
$10,000,000 or, if less, the Available Dollar Swingline Facility; or

(ii)             
  in the case of a Euro
Swingline Advance, a minimum of Euro 50,000,000 and an integral multiple of
Euro 10,000,000 or, if less, the Available Euro Swingline Facility; or

(c)              
  The amount of a proposed
Dollar Swingline Advance or, as the case may be, the Base Currency Amount of a
proposed Euro Swingline Advance must not, when aggregated with the Base
Currency Amount of all outstanding Swingline Advances outstanding on the
proposed Utilisation Date, exceed the Total Swingline Facility Amount.

5.8             
  Swingline Lenders'
participation

(a)              
  If the conditions set out in
this Agreement have been met, each Dollar Swingline Lender (in the case of a
Dollar Swingline Advance) or Euro Swingline Lender (in the case of a Euro
Swingline Advance) shall, on the relevant Utilisation Date, make its
participation in each Dollar Swingline Advance or Euro Swingline Advance (as
applicable) available through its Facility Office.

(b)              
  The amount of each Swingline
Lender's participation in each Dollar Swingline Advance or Euro Swingline
Advance will be equal to the proportion borne by its Available Dollar Swingline
Commitment or, as the case may be, Available Euro Swingline Commitment to the
Available Dollar Swingline Facility or, as the case may be, Available Euro
Swingline Facility immediately prior to making the Dollar Swingline Advance or
Euro Swingline Advance.

(c)              
  The relevant Swingline Agent
shall notify each relevant Swingline Lender of the amount, currency and the
Base Currency Amount of each Swingline Advance at the Specified Time.

	
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6.                 
  Optional Currencies

6.1             
  Selection of currency

The
relevant Borrower shall select the currency of an Advance in a Utilisation
Request.

6.2             
  Unavailability of a currency

If before the Specified
Time on any Quotation Day:

(a)              
  the Facility Agent has
received notice from a Lender that the Optional Currency (other than Euro or
Sterling) requested is not readily available to it in the amount required; or

(b)              
  a Lender notifies the
Facility Agent that compliance with its obligation to participate in an Advance
in the proposed Optional Currency (other than Euro or Sterling) would
contravene a law or regulation applicable to it,

the
Facility Agent will give notice to the relevant Borrower to that effect by the
Specified Time on that day.  In this event, any Lender that gives notice
pursuant to this Clause 6.2 will be required to participate in the Advance in
the Base Currency (in an amount equal to that Lender's proportion of the Base
Currency Amount or, in respect of a Rollover Advance, an amount equal to that
Lender's proportion of the Base Currency Amount of the maturing Advance that is
due to be repaid) and its participation will be treated as a separate Advance
denominated in the Base Currency during that Interest Period.

6.3             
  Notification

The
Facility Agent shall notify the Lenders and the relevant Borrower of Optional Currency
amounts (and the applicable Facility Agent's Spot Rate of Exchange) promptly
after they are ascertained.

	
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SECTION 4

REPAYMENT, PREPAYMENT AND CANCELLATION

7.                 
  Repayment

7.1             
  Repayment of Advances

(a)              
  Each Borrower shall repay
each Advance made to it on the last day of its Interest Period.

(b)              
  All Advances must be repaid
in full on the Termination Date.

(c)              
  At any time when a Lender
becomes a Defaulting Lender, the maturity date of each of the participations of
that Lender (and, if that Defaulting Lender is the Revolving Facility Affiliate
of a Swingline Lender, of that Swingline Lender) in the Advances then
outstanding will be automatically extended to the Termination Date and will be
treated as separate Advances (the "Separate Advances")
denominated in the currency in which the relevant participations are
outstanding.

(d)              
  A Borrower to whom a
Separate Advance is outstanding may prepay that Advance by giving 5 Business
Days' prior notice to the Facility Agent.  The Facility Agent will forward a
copy of a prepayment notice received in accordance with this paragraph (d) to
the relevant Lender concerned as soon as practicable on receipt.

(e)              
  Interest in respect of a
Separate Advance will accrue for successive Interest Periods selected by the
Borrower by the time and date specified by the Facility Agent (acting
reasonably) and will be payable by that Borrower to the relevant Lender on the
last day of each Interest Period in respect of that Advance.  Notwithstanding paragraph (b) of Clause 9.1 (Calculation
of interest), the rate of interest in respect of any Swingline Advance that
becomes a Separate Advance in accordance with this Clause 7.1 shall be
calculated in accordance with paragraph (a) of Clause 9.1 (Calculation of
interest) with effect from the end of the Interest Period during which such
Swingline Advance becomes a Separate Advance.

(f)               
  The terms of this Agreement
relating to the Facility generally shall continue to apply to Separate Advances
other than to the extent inconsistent with paragraphs (c) to (e) above, in
which case those paragraphs shall prevail in respect of any Separate Advance.

(g)              
  If one or more Advances are
to be made available to a Borrower:

(i)                
  on the same day that a
maturing Advance is due to be repaid by that Borrower;

(ii)             
  in the same currency as the
maturing Advance (unless the currency of the maturing Advance was determined
pursuant to the operation of Clause 6.2 (Unavailability of a currency));
and

	
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(iii)           
  in whole or in part for the
purpose of refinancing the maturing Advance;

the
aggregate amount of the new Advance shall be treated as if applied in or
towards repayment of the maturing Advance so that:

(A)            
  if the amount of the
maturing Advance exceeds the aggregate amount of the new Advance:

(1)              
  the relevant Borrower will
only be required to pay an amount in cash in the relevant currency equal to
that excess; and

(2)              
  each Lender's participation
(if any) in the new Advance shall be treated as having been made available and
applied by the Borrower in or towards repayment of that Lender's participation
(if any) in the maturing Advance and that Lender will not be required to make
its participation in the new Advance available in cash; and

(B)             
  if the amount of the
maturing Advance is equal to or less than the aggregate amount of the new
Advance:

(1)              
  the relevant Borrower will
not be required to make any payment in cash; and

(2)              
  each Lender will be required
to make its participation in the new Advance available in cash only to the
extent that its participation (if any) in the new Advance exceeds that Lender's
participation (if any) in the maturing Advance and the remainder of that
Lender's participation in the new Advance shall be treated as having been made
available and applied by the Borrower in or towards repayment of that Lender's
participation in the maturing Advance.

8.                 
  Prepayment and Cancellation

8.1             
  Lender Illegality

If it becomes unlawful in any jurisdiction for a Lender to
perform any of its obligations as contemplated by this Agreement or to fund or
maintain its participation in any Advance:

(a)              
  that Lender shall promptly
notify the Facility Agent upon becoming aware of that event;

(b)              
  unless the repayment
referred to in paragraph (c) below avoids such unlawfulness, upon the Facility
Agent notifying ABB, the Commitment and/or the relevant Swingline Commitment of
that Lender and/or its Revolving Facility Affiliate or its Swingline Affiliate
will be immediately cancelled; and

	
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(c)              
  each Borrower shall, to the
extent necessary to avoid such unlawfulness, repay that Lender's and/or its
Revolving Facility Affiliate's or its Swingline Affiliate's participation in
the Advances made to it on the last day of the Interest Period for each Advance
occurring after the Facility Agent has notified ABB or, if earlier, the date
specified by the Lender in the notice delivered to the Facility Agent (being no
earlier than 5 Business Days after receipt of such notice or, if earlier, the
last day of any applicable grace period permitted by law).

8.2             
  Borrower Illegality

If
it is or becomes unlawful for a Borrower to perform any of its obligations
under the Finance Documents, save where such obligations are not, or could
reasonably be considered not to be, material to the interests of the Lenders
under the Finance Documents, that Borrower shall within 15 Business Days of
being served with notice by the Facility Agent so to do, repay all Advances
owing by it, together with accrued interest and all other amounts owing by it
under the Finance Documents.

8.3             
  Mandatory Prepayment on
Change of Control

If any person (whether alone or together with any
associated person) becomes the beneficial owner of shares in the issued share
capital of ABB carrying the right to more than 50 per cent. of the votes
exercisable at a general meeting of ABB:

(a)              
  ABB shall promptly notify
the Facility Agent upon becoming aware of that event; and

(b)              
  if within 15 days following
such notification to the Facility Agent any Lender so requests (by delivering a
notice to ABB through the Facility Agent), each Borrower shall, no later than
15 days following such request, prepay that Lender's portion of all outstanding
Advances, together with accrued interest thereon and all other amounts owing to
such Lender hereunder and cancel that Lender's Commitments and/or Swingline
Commitments.

For
the purposes of this Clause 8.3, "associated person" means, in
relation to any person, a person who is (i) "acting in concert"
(as defined in the City Code on Takeovers and Mergers) with that person or (ii)
a "connected person" (as defined in section 839 of the Income
and Corporation Taxes Act 1988) of that person.

8.4             
  Mandatory Prepayment on
Sanctions Misrepresentation or Anti-Bribery and Corruption Misrepresentation

(a)              
  Upon ABB becoming aware of a
Sanctions Misrepresentation or an Anti-Bribery
and Corruption Misrepresentation:

(i)                
  ABB shall promptly notify
the Facility Agent, which shall promptly notify each Lender; and

	
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(ii)             
  if within 15 Business Days
following such notification to the Facility Agent any Lender so requests (by
delivering a notice to ABB through the Facility Agent), each Borrower shall
within 15 Business Days of any such request (or earlier to the extent required
by applicable law or regulation) prepay that Lender's portion of all
outstanding Advances, together with accrued interest thereon and all other
amounts owing to such Lender hereunder, and cancel that Lender's Commitments
and/or Swingline Commitments.

(b)              
  For the purpose of this
Clause 8.4:

(i)                
  a "Sanctions
Misrepresentation" means any statement or representation made or
deemed (by virtue of Clause 19.16 (Repetition)) to have been made by any
Obligor pursuant to Clause 19.14 (Sanctions) being or proving to have
been incorrect or misleading when made or deemed to have been made; and

(ii)             
  an "Anti-Bribery and
Corruption Misrepresentation" means any statement or representation
made or deemed (by virtue of Clause 19.16 (Repetition)) to have been
made by any Obligor pursuant to Clause
19.15 (Anti-corruption and anti-bribery laws and regulations)  being or proving to have been incorrect or
misleading when made or deemed to have been made.

8.5             
  Voluntary cancellation

ABB
may, if it gives the Facility Agent not less than 5 Business Days' (or such
shorter period as the Majority Lenders may agree) prior notice, cancel the
whole or any part (being a minimum amount of $25,000,000 and an integral
multiple of $10,000,000) of the Available Facility, the Available Dollar
Swingline Facility or the Available Euro Swingline Facility.  Any cancellation
under this Clause 8.5 shall reduce rateably the Commitments of the Lenders or
the relevant Swingline Commitments of the relevant Swingline Lenders.

8.6             
  Voluntary Prepayment

A
Borrower may, if it gives the Facility Agent not less than 5 Business Days' (in
the case of any Advance other than a Swingline Advance) or 1 Business Day's (in
the case of any Swingline Advance) (or in either case such shorter period as
the Majority Lenders may agree) prior notice, prepay the whole or any part of
an Advance made to it (but if in part, being an amount that reduces the Base
Currency Amount of the Advance by a minimum amount of $25,000,000 and rounded
as the Facility Agent may reasonably require).

	
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8.7             
  Right of replacement or
repayment and cancellation in relation to a single Lender

(a)              
  If:

(i)                
  any sum payable to any
Lender by ABB or a Borrower is required to be increased under paragraph (c) of
Clause 13.2 (Tax gross-up); 

(ii)             
  any Lender claims
indemnification from ABB or a Borrower under Clause 13.3 (Tax indemnity)
or Clause 14.1 (Increased costs); or

(iii)           
  any Lender refuses (or is
deemed to have refused) its consent to an Extension Request,

then
ABB may:

(A)            
  in the case of paragraphs (i)
and (ii) above, whilst the circumstance giving rise to the requirement for that
increase or indemnification continues; and

(B)             
  in the case of paragraph (iii)
above, at any time after the refusal (or deemed refusal) of the relevant
Extension Request (but in the case of a refusal (or deemed refusal) of a First
Extension Request not from the date, if any, that such Lender agrees to a
Second Extension Request),  

give
the Facility Agent notice of cancellation of the Commitment and/or any
Swingline Commitment of that Lender and/or of its Revolving Facility Affiliate
or its Swingline Affiliate and its intention to procure the repayment of the
participation in the Advances of that Lender and/or of its Revolving Facility
Affiliate or its Swingline Affiliate or give the Facility Agent notice of its
intention to replace that Lender and/or its Revolving Facility Affiliate or its
Swingline Affiliate in accordance with paragraph (d) below.

(b)              
  On receipt of a notice of
cancellation referred to in paragraph (a) above, the Commitment and/or the
relevant Swingline Commitment of the relevant Lender and/or its Revolving
Facility Affiliate or its Swingline Affiliate shall immediately be reduced to
zero.

(c)              
  On the last day of each
Interest Period in respect of an Advance which ends after ABB has given notice
of cancellation under paragraph (a) above (or, if earlier, the date specified
by ABB in that notice), each Borrower to whom an Advance is outstanding shall
repay that Lender's participation in that Advance.

(d)              
  ABB may, in the
circumstances set out in paragraph (a) above, on 5 Business Days' prior notice
to the Facility Agent and that Lender replace that Lender (and any Revolving
Facility Affiliate or Swingline Affiliate of that Lender) by requiring such
Lender and/or its Revolving Facility Affiliate or Swingline Affiliate to (and,
to the extent permitted by law, that Lender or Revolving Facility 

	
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Affiliate or
Swingline Affiliate shall) transfer pursuant to Clause 23 (Changes to the
Lenders) all (and, save as provided for in this paragraph, not part only)
of its rights and obligations under this Agreement to a Lender or other bank
selected by ABB which confirms its willingness to assume and does assume all
the obligations of the transferring Lender in accordance with Clause 23 (Changes
to the Lenders) for a purchase price in cash payable at the time of the
transfer equal to the outstanding principal amount of such Lender's or
Revolving Facility Affiliate's or Swingline Affiliate's participation in the
outstanding Advances and all accrued interest (to the extent that the Facility
Agent has not given a notification under Clause 23.10 (Pro rata
interest settlement)), Break Costs and other amounts payable in relation
thereto under the Finance Documents. 
Where a Lender to be replaced pursuant to this paragraph is a Swingline Lender
that is the Swingline Affiliate of another Lender, the rights and obligations
required to be transferred pursuant to this Clause by that other Lender in its
capacity as the Revolving Facility Affiliate of that Swingline Lender may, at
the option of ABB, be limited to those necessary for the Commitments of the
replacement Lender (or its Affiliate) to be at least equal to each of the
Swingline Commitments to be transferred to such replacement Lender pursuant to
this Clause.

(e)              
  The replacement of any Lender
pursuant to paragraph (d) above shall be subject to the following conditions:

(i)                
  ABB shall have no right to
replace an Agent;

(ii)             
  no Agent nor any Lender
shall have any obligation to find a replacement Lender; 

(iii)           
  in no event shall any Lender
replaced under paragraph (d) above be required to pay or surrender any of the
fees received by such Lender pursuant to the Finance Documents; and

(iv)            
  the Lender shall only be
obliged to transfer its rights and obligations pursuant to paragraph (d) above
once it is satisfied (acting reasonably) that it has complied with all 
necessary “know your customer” or other similar checks under all applicable
laws and regulations in relation to that transfer.

(f)               
   

(i)                
  If any Lender becomes a
Defaulting Lender, ABB may, at any time whilst that Lender continues to be a
Defaulting Lender, give the Facility Agent 5 Business Days' notice of
cancellation of the Available Commitment, Available Dollar Swingline Commitment
or Available Euro Swingline Commitment of that Lender and/or its Revolving
Facility Affiliate or Swingline Affiliate.

(ii)             
  On the notice referred to in
paragraph (i) above becoming effective, the Available Commitment, Available
Dollar Swingline Commitment or Available Euro Swingline Commitment (as
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Lender and/or its
Revolving Facility Affiliate or Swingline Affiliate shall immediately be
reduced to zero.

(iii)           
  The Facility Agent shall as
soon as practicable after receipt of a notice referred to in paragraph (i)
above, notify all the Lenders.

8.8             
  Restrictions

(a)              
  Any notice of cancellation
or prepayment given by any Party under this Clause 8
shall be irrevocable and, unless a contrary indication appears in this
Agreement, shall specify the date or dates upon which the relevant cancellation
or prepayment is to be made and the amount of that cancellation or prepayment.

(b)              
  Any prepayment under this
Agreement shall be made together with accrued interest on the amount prepaid
and, subject to any Break Costs, without premium or penalty.

(c)              
  Unless a contrary indication
appears in this Agreement, any part of the Facility which is prepaid may be
reborrowed in accordance with the terms of this Agreement.  Any part of the
Facility that is repaid may be reborrowed.

(d)              
  No Borrower shall repay or prepay
all or any part of the Advances or cancel all or any part of the Commitments or
any Swingline Commitment except at the times and in the manner expressly
provided for in this Agreement.

(e)              
  Subject to Clause 2.2 (Increase
of Commitments), no amount of the Total Commitments or any Swingline
Commitment cancelled under this Agreement may be subsequently reinstated.

(f)               
  If the Facility Agent
receives a notice under this Clause 8 it shall promptly forward a copy of that notice
to ABB and the affected Borrower or the affected Lender, as appropriate.

(g)              
  Any cancellation of a
Swingline Commitment of a Swingline Lender shall reduce the relevant Swingline
Commitment accordingly but shall not otherwise cancel or reduce the Commitment
of the relevant Lender in respect of the Facility (or of any Revolving Facility
Affiliate of the relevant Swingline Lender) unless and to the extent otherwise
provided for in this Agreement.

(h)              
  Any cancellation of the
Commitment of a Lender that is a Swingline Lender or a Revolving Facility
Affiliate of a Swingline Lender shall not cancel or reduce any Swingline
Commitment of that Lender or its Swingline Affiliate unless a Swingline
Commitment of that Lender or its Swingline Affiliate would exceed the Commitment
of that Lender immediately following such reduction, in which case the relevant
Swingline Commitment of that Lender or its Swingline Affiliate shall be reduced
by such amount as is necessary to ensure that, after the relevant cancellation,
each such Swingline Commitment does not exceed the Commitment of that Lender.

	
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SECTION 5

COSTS OF UTILISATION

9.                 
  Interest

9.1             
  Calculation of interest

(a)              
  The rate of interest on each
Advance (other than a Swingline Advance) for each Interest Period is the
percentage rate per annum which is the aggregate of the applicable:

(i)                
  Margin; and

(ii)             
  IBOR.

(b)              
  The rate of interest on each
Swingline Advance for each Interest Period shall accrue from day to day and is (in
the case of any Dollar Swingline Advance) the Dollar Swingline Rate or (in the
case of any Euro Swingline Advance) the Euro Swingline Rate.

9.2             
  Payment of interest

Each
Borrower shall pay accrued interest on each Advance made to it on the last day
of each Interest Period (and, if the Interest Period is longer than six Months,
on the dates falling at six monthly intervals after the first day of the
Interest Period).

9.3             
  Default interest

(a)              
  If an Obligor fails to pay
any amount payable by it under a Finance Document on its due date, interest
shall accrue on the overdue amount from the due date up to the date of actual
payment (both before and after judgment) at a rate 1.00 per cent. higher than
the rate which would have been payable if the overdue amount had, during the
period of non-payment, constituted an Advance (not being a Swingline Advance)
in the currency of the overdue amount for successive Interest Periods, each of
a duration selected by the Facility Agent (acting reasonably).  Any interest
accruing under this Clause 9.3 shall be immediately payable by the relevant
Obligor on demand by the Facility Agent.

(b)              
  Default interest (if unpaid)
arising on an overdue amount will be compounded with the overdue amount at the
end of each Interest Period applicable to that overdue amount but will remain
immediately due and payable.

9.4             
  Notification of rates of
interest

The
applicable Agent shall promptly notify the Lenders, ABB and the relevant
Borrowers of the determination of a rate of interest under this Agreement.

	
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9.5             
  Minimum Interest

(a)              
  When entering into this Agreement,
the Parties have assumed that the interest payable hereunder is not and will
not become subject to Swiss withholding tax.  Therefore, if a Tax Deduction is
required by law to be made in one of the circumstances set out in paragraph (d)
of Clause 13.2 (Tax gross-up) and if paragraph (c) of Clause 13.2 (Tax
gross-up) should be unenforceable in respect of a Borrower incorporated in
Switzerland or, if different, resident in Switzerland for tax purposes, each
Borrower acknowledges and agrees that:

(i)                
  the applicable interest rate
in relation to that interest payment shall be:

(A)            
  the interest rate which
would have applied to that interest payment in the absence of this paragraph
(a), divided by

(B)             
  one (1) minus the rate at
which the relevant Tax Deduction is required to be made (where the rate at
which the relevant Tax Deduction is required to be made is for this purpose
expressed as a fraction of (1) rather than as percentage); 

(ii)             
  the Borrower shall: (i) pay
the relevant interest at the adjusted rate in accordance with paragraph (a)(i)
above and (ii) make the Tax Deduction on the interest so recalculated.

(b)              
  To the extent that paragraph
(a) above applies, each Borrower shall provide to the Lenders the documents
required by law or each applicable double taxation treaty for the Lenders to
prepare claims for the refund of any Swiss withholding tax so deducted.

(c)              
  In this Clause, a reference
to a "Tax Deduction" has the same meaning given to the term in Clause
13.1 (Definitions). 

10.             
  Interest Periods

(a)              
  The relevant Borrower may
select an Interest Period for an Advance in the Utilisation Request.

(b)              
  Subject to this Clause 10, a
Borrower may select an Interest Period of:

(i)                
  in relation to any Advance
(other than a Swingline Advance), 1, 3 or 6 Months or any other period of less
than 1 Month to end on the Termination Date or any other period agreed between
the relevant Borrower (or ABB on its behalf) and the Facility Agent (acting on
the instructions of all the Lenders); or

(ii)             
  in relation to any Swingline
Advance, a period not exceeding 5 Business Days.

	
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(c)              
  An Interest Period for an
Advance shall not extend beyond the Termination Date.

(d)              
  Each Advance has one Interest
Period only.

11.             
  Changes to the Calculation
of Interest

11.1         
  Market disruption

(a)              
  If a Market Disruption Event
occurs in relation to an Advance (other than a Dollar Swingline Advance) for
any Interest Period, then the rate of interest on each Lender's share of that
Advance for the Interest Period shall be the percentage rate per annum which is
the sum of:

(i)                
  the Margin; and

(ii)             
  the rate notified to the
Facility Agent, ABB and the relevant Borrower by that Lender in a certificate
(which sets out the details of the computation of the relevant rate and shall
be prima facie non-binding evidence of the same) 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
that Lender of funding its participation in that Advance from whatever source
it may reasonably select.

(b)              
  In this Agreement "Market
Disruption Event" means:

(i)                
  in relation to an Advance
(not being a Swingline Advance):

(A)            
  at the Specified Time for
the fixing of the relevant IBOR on the Quotation Day for that Advance, the
relevant Screen Rate is not available and it is not possible to calculate an
Interpolated Screen Rate for that Advance; or

(B)             
  before close of business in
London on the Quotation Day for the relevant Interest Period, the Facility
Agent receives notifications from a Lender or Lenders (whose participations in
an Advance exceed 50 per cent. of that Advance) that the cost to it/them of
funding its/their participation in that Advance from the wholesale market for
the relevant currency would be in excess of the applicable IBOR; or

(ii)             
  in relation to a Euro
Swingline Advance on the relevant Utilisation Date, the relevant Screen Rate is
not available to determine the Euro Swingline Rate.

	
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11.2         
  Alternative basis of
interest or funding

(a)              
  If a Market Disruption Event
occurs and the Facility Agent or ABB so requires, the Facility Agent and ABB
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.

(b)              
  Any alternative basis agreed
pursuant to paragraph (a) above shall, with the prior consent of the Majority
Lenders and ABB, be binding on all Parties.

11.3         
  Break Costs

(a)              
  The relevant Borrower shall,
within three Business Days of demand by a Finance Party, pay to that Finance
Party its Break Costs attributable to all or any part of an Advance or Unpaid
Sum being paid by that Borrower on a day other than the last day of an Interest
Period for that Advance or Unpaid Sum.

(b)              
  Each Lender shall, as soon
as reasonably practicable after a demand by the Facility Agent, provide to ABB
and the relevant Borrower a certificate (which shall constitute prima facie
non-binding evidence of the matters to which it refers) addressed to the
Facility Agent, ABB and the relevant Borrower confirming the amount of its
Break Costs for any Interest Period in which they accrue and setting out the
manner of computing such Break Costs.

12.             
  Fees

12.1         
  Commitment Fee

(a)              
  ABB shall pay to the
Facility Agent (for the account of each Lender) a commitment fee in the Base
Currency computed at 35 per cent. of the applicable Margin from time to time on
that Lender's Available Commitment.

(b)              
  The accrued commitment fee
is payable on the last day of each successive period of three Months commencing
from the date of this Agreement and on the last day of the Availability Period
and, if a Lender's Commitment is cancelled in full, on the date such
cancellation becomes effective in respect of the amount accrued in respect of
that Lender's Available Commitment immediately before such cancellation.

(c)              
  No commitment fee is payable
to the Facility Agent (for the account of a Lender) on any Available Commitment
of that Lender for any day on which that Lender is a Defaulting Lender.

	
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12.2         
  Utilisation Fee

(a)              
  ABB shall pay to the
Facility Agent (for the account of the Lenders pro rata to their
Commitments) a utilisation fee in respect of the Total Outstandings computed at
the rate of:

(i)                
  0.075 per cent. per annum
for each day that the amount of the Total Outstandings is less than or equal to
33.33 per cent. of the Total Commitments as at the date of this Agreement;

(ii)             
  0.15 per cent. per annum for
each day that the amount of the Total Outstandings is greater than 33.33 per
cent. of the Total Commitments but less than or equal to 66.66 per cent. of the
Total Commitments as at the date of this Agreement; and

(iii)           
  0.30 per cent. per annum for
each day that the amount of the Total Outstandings is greater than 66.66 per
cent. of the Total Commitments as at the date of this Agreement.

(b)              
  The accrued utilisation fee
is payable on the last day of each successive period of three Months commencing
from the date of this Agreement and on the Termination Date.

12.3         
  Participation Fee

ABB
shall pay to the Facility Agent (for the account of the Original Lenders) a
participation fee in the amount and at the time agreed in a Fee Letter.

12.4         
  Arrangement Fee

ABB
shall pay to the Facility Agent (for the account of the Mandated Lead
Arrangers) an arrangement fee in the amount and at the time agreed in a Fee
Letter.

12.5         
  Agency Fee

ABB
shall pay to each Agent (for its own account) an agency fee in the amount and
at the times agreed in a Fee Letter.

	
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SECTION 6

ADDITIONAL PAYMENT OBLIGATIONS

13.             
  Tax Gross Up and Indemnities

13.1         
  Definitions

(a)              
  In this Agreement:

"Initial
Borrower Jurisdiction" means any of The Netherlands, the United States
of America or Switzerland.

"Protected
Party" means a Finance Party which is or will be, for or on account of
Tax, subject to any liability or required to make any payment in relation to a
sum received or receivable (or any sum deemed for the purposes of Tax to be
received or receivable) under a Finance Document.

"Qualifying Lender" means:

(i)                
  in respect of a payment by a
Borrower incorporated in Switzerland, a Lender which is a Qualifying Bank;

(ii)             
  in respect of a payment by a
Borrower incorporated in the United States of America, a Lender which is:

(A)            
  created or organised under
the laws of the United States of America or of any state (including the
District of Columbia) thereof; or

(B)             
  resident in a jurisdiction
having and eligible for the benefit of a double taxation agreement with the
United States of America which makes provision for full exemption from tax
imposed by the United States of America on interest and which does not carry on
a business in the United States of America through a permanent establishment
with which that Lender's participation in the Facility is effectively
connected; or

(C)             
  entitled to receive payments
under the Finance Documents without deduction or withholding of any United
States federal income taxes,

and
which has complied with any procedural requirements within its control
necessary to receive such payment without the imposition of United States
withholding tax; and

(iii)           
  in respect of a payment by a
Borrower incorporated in any jurisdiction except the United States of America
or Switzerland, any Lender.

	
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"Tax Credit" means a credit
against, relief or remission for, or repayment of any Tax.

"Tax
Deduction" means a deduction or withholding for or on account of Tax
from a payment under a Finance Document, other than a FATCA Deduction.

"Tax
Payment" means an increased payment made by ABB or a Borrower to a
Finance Party under Clause 9.5 (Minimum Interest), Clause 13.2 (Tax
gross-up) or a payment made by ABB or a Borrower under Clause 13.3 (Tax
indemnity). 

(b)              
  In this Clause 13 a
reference to "determines" or "determined"
means, save where expressly stated to the contrary, a determination made in the
absolute discretion of the person making the determination acting in good
faith.

13.2         
  Tax gross-up

(a)              
  ABB and each Borrower shall
make all payments to be made by it without any Tax Deduction, unless a Tax
Deduction is required by law.

(b)              
  ABB, a Borrower or a Lender
shall promptly upon becoming aware that ABB or a Borrower (as the case may be)
must make a Tax Deduction (or that there is any change in the rate or the basis
of a Tax Deduction) notify the Facility Agent accordingly.  If the Facility
Agent receives such notification from a Lender it shall notify ABB and the
relevant Borrower.

(c)              
  If a Tax Deduction is
required by law to be made by ABB or a Borrower in one of the circumstances set
out in paragraph (d) below, the amount of the payment due from ABB or that
Borrower shall be increased to an amount which (after making any Tax Deduction)
leaves an amount equal to the payment which would have been due if no Tax
Deduction had been required.

(d)              
  The circumstances referred
to in paragraph (c) above are where a person entitled to the payment:

(i)                
  is an Agent;

(ii)             
  is a Qualifying Lender; or

(iii)           
  was a Qualifying Lender at
the time it became a Lender but has ceased to be a Qualifying Lender to the
extent that this altered status results from any change after the date of this
Agreement in (or in the interpretation, administration, or application of) any
law or double taxation agreement or any published practice or published
concession of any relevant taxing authority.

(e)              
  If ABB or a Borrower is
required to make a Tax Deduction, it shall make that Tax Deduction and any
payment required in connection with that Tax Deduction within the time allowed
and in the minimum amount required by law.

	
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(f)               
  Within 30 days of making
either a Tax Deduction or any payment required in connection with that Tax
Deduction, ABB or the relevant Borrower (as the case may be) shall deliver to
the Facility Agent for the Finance Party entitled to the payment evidence
reasonably satisfactory to that Finance Party that the Tax Deduction has been
made or (as applicable) any appropriate payment paid to the relevant taxing
authority.

(g)              
  Each Finance Party, ABB and
the Borrowers shall co-operate in completing any procedural formalities
necessary for ABB or a Borrower to make a payment to which the Finance Party is
entitled without a Tax Deduction or with a reduced Tax Deduction.  Each Finance
Party shall on the reasonable written request of ABB or a Borrower complete and
deliver to ABB or that Borrower all documentation reasonably required by ABB or
that Borrower in order to enable it to make such payments without a Tax
Deduction or with a reduced Tax Deduction (so long as the completion or
delivery of such documentation would not materially prejudice the legal or
commercial position of the relevant Finance Party).

13.3         
  Tax indemnity

(a)              
  ABB shall (within three
Business Days of written demand by the Facility Agent) pay to a Protected Party
an amount equal to the loss, liability or cost which that Protected Party
determines will be or has been (directly or indirectly) suffered for or on
account of Tax by that Protected Party.

(b)              
  Paragraph (a) above shall
not apply with respect to any Tax assessed on a Finance Party:

(i)                
   

(A)            
  under the law of the
jurisdiction in which that Finance Party is incorporated or, if different, the
jurisdiction (or jurisdictions) in which that Finance Party is treated as
resident for tax purposes;

(B)             
  under the law of the
jurisdiction in which that Finance Party's Facility Office is located in
respect of amounts received or receivable in that jurisdiction; or

(C)             
  arising by reason of the
making of an Advance to a Borrower in an Initial Borrower Jurisdiction under
the law of such jurisdiction, except to the extent arising by reason of a
change in law or in any regulation occurring after the date of this Agreement, provided
that this paragraph (b)(i)(C) shall not apply to any Tax assessed or
imposed on an Agent,

if that Tax is imposed on or calculated by reference to the
net income received or receivable (but not any sum deemed to be received or
receivable) by that Finance Party;

	
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(ii)             
  which is compensated for by
Clause 9.5 (Minimum Interest) or Clause 13.2 (Tax gross up)
(or would have been so compensated but for an exception to those Clauses); or

(iii)           
  which relates to a FATCA
Deduction required to be made by a Party.

(c)              
  A Protected Party making, or
intending to make a claim pursuant to paragraph (a) above shall promptly
notify the Facility Agent of the event which will give, or has given, rise to
the claim, following which the Facility Agent shall notify ABB.

(d)              
  A Protected Party shall, on
receiving a payment from ABB under this Clause 13.3, notify the Facility Agent.

13.4         
  Tax Credit

If ABB or a Borrower makes a Tax Payment and the relevant
Finance Party determines that:

(a)              
  a Tax Credit is attributable
to that Tax Payment; and

(b)              
  that Finance Party has
obtained, utilised and retained that Tax Credit,

the
Finance Party shall pay an amount to ABB (or as the case may be) that Borrower
which that Finance Party determines, acting in good faith, will leave that
Finance Party (after that payment) in the same after-Tax position as it would
have been in had the Tax Payment not been made by ABB or that Borrower (as the
case may be).  The relevant Finance Party shall endeavour, acting in good
faith, to obtain, utilise and retain the Tax Credit save that it shall not be
obliged to disclose any information relating to its tax or other affairs or any
computations in respect thereof.

13.5         
  Lender Status Confirmation

(a)              
  Each Original Lender
herewith confirms and represents that it is a Qualifying Bank and each Lender
which becomes a Party after the date of this Agreement shall confirm and
represent in the documentation which it executes on becoming a Party as a
Lender that it is a Qualifying Bank.

(b)              
  Each New Lender that becomes
a Lender after the date of this Agreement shall indicate in the documentation which
it executes on becoming a Party as a Lender, and for the benefit of the
Facility Agent and without liability to any Obligor, whether or not it is a
Qualifying Lender.

(c)              
  If a New Lender fails to
indicate its status in accordance with this Clause 13.5 then such New Lender
shall be treated for the purposes of this Agreement (including by each Obligor)
as if it were not a Qualifying Lender until such time as it notifies the
Facility Agent to the contrary (and the Facility Agent, upon receipt of such
notification, shall inform ABB).  For the avoidance of doubt the documentation 

	
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which a Lender executes on becoming a Party as a Lender shall
not be invalidated by any failure of a Lender to comply with this Clause 13.5.

13.6         
  Qualifying Lenders

Any
Lender which ceases, for any reason, to be a Qualifying Lender shall promptly
notify ABB and the relevant Borrower(s) of its change of status.

13.7         
  Stamp taxes

ABB
shall pay and, within 3 Business Days of demand, indemnify each Finance Party
against any cost, loss or liability such Finance Party incurs in relation to
all stamp duty, registration and other similar Taxes payable in respect of any
Finance Document, but not in respect of any assignment or transfer pursuant to
Clause 23 (Changes to the Lenders). 

13.8         
  Value added tax

(a)              
  All consideration payable
under a Finance Document by ABB or the Borrowers to a Finance Party shall be
deemed to be exclusive of any VAT.  If VAT is chargeable on any supply made by
any Finance Party to any Party in connection with a Finance Document, that
Party shall pay to the Finance Party (in addition to and at the same time as paying
the consideration) an amount equal to the amount of the VAT.

(b)              
  Where a Finance Document
requires ABB or the Borrowers to reimburse a Finance Party for any costs or
expenses, ABB or the Borrowers (as the case may be) shall also at the same time
pay and indemnify that Finance Party against all VAT directly incurred by that
Finance Party in respect of the costs or expenses save to the extent that such Finance
Party reasonably determines that it is entitled to repayment or credit in
respect of the VAT.

13.9         
  FATCA Information

(a)              
  Subject to paragraph (c)
below, each Party shall, within ten Business Days of a reasonable request by
another Party:

(i)                
  confirm to that other Party
whether it is:

(A)            
  a FATCA Exempt Party; or

(B)             
  not a FATCA Exempt Party;

(ii)             
  supply to that other Party
such forms, documentation and other information relating to its status under
FATCA as that other Party reasonably requests for the purposes of that other
Party's compliance with FATCA.

	
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(b)              
  If a Party confirms to
another Party pursuant to paragraph (a)(i) above that it is a FATCA Exempt Party
and it subsequently becomes aware that it is not or has ceased to be a FATCA
Exempt Party, that Party shall notify that other Party reasonably promptly.

(c)              
  Paragraph (a) above shall
not oblige any Finance Party to do anything which would or might in its
reasonable opinion constitute a breach of:

(i)                
  any law or regulation;

(ii)             
  any fiduciary duty; or

(iii)           
  any duty of confidentiality.

(d)              
  If a Party fails to confirm
whether or not it is a FATCA Exempt Party or to supply forms, documentation or
other information requested in accordance with paragraph (a)(i) or (a)(ii)
above (including, for the avoidance of doubt, where paragraph (c) above
applies), then such Party shall be treated for the purposes of the Finance
Documents (and payments under them) as if it is not a FATCA Exempt Party until
such time as the Party in question provides the requested confirmation, forms,
documentation or other information.

(e)              
  If a Borrower is a US Tax
Obligor or the Facility Agent reasonably believes that its obligations under
FATCA or any other applicable law or regulation require it, each Lender shall,
within ten Business Days of:

(i)                
  where an Original Borrower
is a US Tax Obligor and the relevant Lender is an Original Lender, the date of
this Agreement;

(ii)             
  where a Borrower is a US Tax
Obligor on a date on which any other Lender becomes a Party as a Lender, that
date;

(iii)           
  the date a new US Tax
Obligor accedes as a Borrower; or

(iv)            
  where a Borrower is not a US
Tax Obligor, the date of a request from the Facility Agent,

supply
to the Facility Agent:

(1)              
  a withholding certificate on
Form W-8, Form W-9 or any other relevant form; or

(2)              
  any withholding statement or
other document, authorisation or waiver as the Facility Agent may require to
certify or establish the status of such Lender under FATCA or that other law or
regulation.

	
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(f)               
  The Facility Agent shall
provide any withholding certificate, withholding statement, document,
authorisation or waiver it receives from a Lender pursuant to paragraph (e)
above to the relevant Borrower.

(g)              
  If any withholding
certificate, withholding statement, document, authorisation or waiver provided
to the Facility Agent by a Lender pursuant to paragraph (e) above is or becomes
materially inaccurate or incomplete, that Lender shall promptly update it and
provide such updated withholding certificate, withholding statement, document,
authorisation or waiver to the Facility Agent unless it is unlawful for the
Lender to do so (in which case the Lender shall promptly notify the Facility Agent).
The Facility Agent shall provide any such updated withholding certificate,
withholding statement, document, authorisation or waiver to the relevant
Borrower.

(h)              
  The Facility Agent may rely
on any withholding certificate, withholding statement, document, authorisation
or waiver it receives from a Lender pursuant to paragraph (e) or (g) above
without further verification. The Facility Agent shall not be liable for any
action taken by it under or in connection with paragraphs (e), (f) or (g) above.

13.10     
  FATCA Deduction

(a)              
  Each Party may make any
FATCA Deduction it is required to make by FATCA, and any payment required in
connection with that FATCA Deduction, and no Party shall be required to
increase any payment in respect of which it makes such a FATCA Deduction or
otherwise compensate the recipient of the payment for that FATCA Deduction.

(b)              
  Each Party shall promptly,
upon becoming aware that it must make a FATCA Deduction (or that there is any
change in the rate or the basis of such FATCA Deduction), notify the Party to
whom it is making the payment and, in addition, shall notify ABB, the Facility
Agent and the other Finance Parties.

14.             
  Increased Costs

14.1         
  Increased costs

(a)              
  Subject to Clause 14.3 (Exceptions)
ABB shall, within 3 Business Days of a demand by the Facility Agent, pay for
the account of a Finance Party the amount of any Increased Costs incurred by
that Finance Party or any of its Affiliates as a result of (i) the introduction
of or any change in (or in the interpretation or application of) any law or
regulation or (ii) compliance with any law or regulation made after the date of
this Agreement.

(b)              
  In this Agreement "Increased
Costs" means:

(i)                
  a reduction in the rate of
return from the Facility or on a Finance Party's (or its Affiliate's) overall
capital;

	
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(ii)             
  an additional or increased
cost; or

(iii)           
  a reduction of any amount
due and payable under any Finance Document,

which
is incurred or suffered by a Finance Party or any of its Affiliates to the
extent that it is attributable to that Finance Party having entered into its
Commitment or funding or performing its obligations under any Finance Document.

14.2         
  Increased cost claims

(a)              
  A Finance Party intending to
make a claim pursuant to Clause 14.1 (Increased costs) shall promptly
notify the Facility Agent of the event giving rise to the claim, following
which the Facility Agent shall promptly notify ABB.

(b)              
  Each Finance Party shall, as
soon as practicable after a demand by the Facility Agent provide a certificate
confirming the amount of its Increased Costs with (subject to any rights or
duties of confidentiality the relevant Finance Party has in respect of such
information) full supporting details (which certificate shall constitute prima
facie non-binding evidence of the matters to which it relates).

14.3         
  Exceptions

(a)              
  Clause 14.1 (Increased
costs) does not apply to the extent any Increased Cost is:

(i)                
  attributable to a Tax
Deduction required by law to be made by ABB or a Borrower

(ii)             
  compensated for by Clause 13.3
(Tax indemnity) (or would have been compensated for under Clause 13.3 (Tax
indemnity) but was not so compensated solely because one of the exclusions
in paragraph (b) of Clause 13.3 (Tax indemnity) applied);

(iii)           
  not payable as provided in
Clause 23.2 (Conditions of assignment or transfer); 

(iv)            
  attributable to the breach
by the relevant Finance Party or its Affiliates of any law or regulation;

(v)              
  not notified to ABB within 3
months of being incurred;

(vi)            
  attributable to the
implementation or application of or compliance with the "International
Convergence of Capital Measurement and Capital Standards, a Revised
Framework" published by the Basel Committee on Banking Supervision in June
2004 in the form existing on the date of this Agreement ("Basel II")
or Basel III or CRD IV in the form existing on the date of this Agreement or
any other law or regulation which implements Basel II or Basel III or CRD IV in
the form existing on the date of this 

	
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Agreement
(whether such implementation, application or compliance is by a government,
regulator, Finance Party or any of its Affiliates); or

(vii)         
  attributable to a FATCA
Deduction required to be made by a Party.

(b)              
  In this Clause 14.3:

(i)                
  a reference to a "Tax
Deduction" has the same meaning given to the term in Clause 13.1 (Definitions);
and

(ii)             
  "Basel III"
means:

(A)            
  the agreements on capital
requirements, a leverage ratio and liquidity standards contained in "Basel
III:  A global regulatory framework for more resilient banks and banking
systems", "Basel III:  International framework for liquidity risk
measurement, standards and monitoring" and "Guidance for national
authorities operating the countercyclical capital buffer" published by the
Basel Committee on Banking Supervision in December 2010, each as amended,
supplemented or restated as at the date of this Agreement;

(B)             
  the rules for global
systemically important banks contained in "Global systemically important
banks:  assessment methodology and the additional loss absorbency requirement –
Rules text" published by the Basel Committee on Banking Supervision in
November 2011, as amended, supplemented or restated as at the date of this
Agreement; and

(C)             
  any further guidance or
standards published by the Basel Committee on Banking Supervision relating to
 "Basel III" as at the date of this Agreement.

(iii)           
  "CRD IV" means:

(A)            
  Regulation (EU) No 575/2013
of the European Parliament and of the Council of 26 June 2013 on prudential
requirements for credit institutions and investment firms; and

(B)             
  Directive 2013/36/EU of the
European Parliament and of the Council of 26 June 2013 on access to the
activity of credit institutions and the prudential supervision of credit
institutions and investment firms, amending Directive 2002/87/EC and repealing
Directives 2006/48/EC and 2006/49/EC.

	
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15.             
  Other Indemnities

15.1         
  Currency indemnity

(a)              
  If any sum due from ABB or a
Borrower under the Finance Documents (a "Sum"), or any order,
judgment or award given or made in relation to a Sum, has to be converted from
the currency (the "First Currency") in which that Sum is
payable into another currency (the "Second Currency") for the
purpose of:

(i)                
  making or filing a claim or
proof against ABB or any of the Borrowers;

(ii)             
  obtaining or enforcing an
order, judgment or award in relation to any litigation or arbitration
proceedings,

ABB
or that Borrower (as the case may be) shall as an independent obligation,
within 3 Business Days of demand, indemnify each Finance Party to whom that Sum
is due against any cost, loss or liability arising out of or as a result of the
conversion including any discrepancy between (A) the rate of exchange used to
convert that Sum from the First Currency into the Second Currency and (B) the
rate or rates of exchange available to that person at the time of its receipt
of that Sum.

(b)              
  ABB and each Borrower waives
any right it may have in any jurisdiction to pay any amount under the Finance
Documents in a currency or currency unit other than that in which it is
expressed to be payable.

15.2         
  Other indemnities

ABB shall indemnify each Lender upon presentation of duly
documented evidence thereof against any cost, loss or liability directly
incurred by that Lender as a result of:

(a)              
  the occurrence of any Event
of Default (but excluding any costs of enforcement save as provided in Clause 17.3
(Enforcement costs)); 

(b)              
  a failure by ABB or a
Borrower to pay any amount due under a Finance Document on its due date,
including without limitation, any cost, loss or liability arising as a result
of Clause 28 (Sharing among the Lenders); 

(c)              
  funding, or making
arrangements to fund, its participation in an Advance requested by a Borrower
in a Utilisation Request but not made by reason of the operation of any one or
more of the provisions of this Agreement (other than by reason of default,
negligence or wilful misconduct by that Lender alone); or

(d)              
  an Advance (or part of an
Advance) not being prepaid in accordance with a notice of prepayment given by a
Borrower.

	
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15.3         
  Indemnity to the Facility
Agent

ABB shall promptly indemnify the Facility Agent, upon
presentation of duly documented evidence thereof, against any reasonable cost,
loss or liability properly and directly incurred by the Facility Agent (acting
reasonably) as a result of:

(a)              
  investigating any event
which it reasonably believes is a Default; or

(b)              
  entering into or performing
any foreign exchange contract for the purposes of Clause 6 (Optional
Currencies); or

(c)              
  acting or relying on any
notice, request or instruction which it reasonably believes (after due enquiry)
to be genuine, correct and appropriately authorised.

16.             
  Mitigation by the Lenders

16.1         
  Mitigation

(a)              
  Each Finance Party shall, in
consultation with ABB, take all reasonable steps to mitigate any circumstances
which arise and which would result in any amount becoming payable under or
pursuant to, or cancelled pursuant to, any of Clause 8.1 (Lender
Illegality), Clause 13 (Tax Gross Up and Indemnities) or Clause 14.1
(Increased costs) or which would result in any increased amount being
payable under this Agreement by reason of a change in the reserve requirements
imposed by the European Central Bank after the date of this Agreement including
(but not limited to) transferring its rights and obligations under the Finance
Documents to another Affiliate or Facility Office (in each case in accordance
with the terms hereof) and, in such circumstances a Lender will, at the request
of ABB but subject to ABB indemnifying it for the costs of so doing, transfer
its rights and obligations under the Finance Documents to another Lender.

(b)              
  Paragraph (a) above does not
in any way limit the obligations of the Obligors under the Finance Documents.

16.2         
  Limitation of liability

(a)              
  ABB shall indemnify each
Finance Party, upon presentation of duly documented evidence thereof, for all
costs and expenses reasonably and directly incurred by that Finance Party as a
result of steps taken by it under Clause 16.1 (Mitigation). 

(b)              
  A Finance Party is not
obliged to take any steps under Clause 16.1 (Mitigation) (other than a
transfer of its rights and obligations to another Lender where ABB indemnifies
it for the cost of so doing) if, in the opinion of that Finance Party (acting
reasonably), to do so could reasonably be expected to be prejudicial to it.

	
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17.             
  Costs and Expenses

17.1         
  Transaction expenses

ABB
shall, within 10 Business Days of demand, pay (subject to presentation of duly
documented evidence thereof) the Agents the amount of all costs and expenses
(including legal fees) reasonably and directly incurred by any of them in
connection with the negotiation, preparation, printing, execution and
syndication of:

(a)              
  this Agreement and any other
documents referred to in this Agreement; and

(b)              
  any other Finance Documents
executed after the date of this Agreement.

17.2         
  Amendment costs

If
(a) ABB requests an amendment, waiver or consent or (b) an amendment is
required pursuant to Clause 29.10 (Change of currency), ABB shall,
within 3 Business Days of demand, reimburse the Facility Agent, upon
presentation of duly documented evidence thereof, for the amount of all costs
and expenses (including legal fees) reasonably and directly incurred by the
Facility Agent and which have previously been agreed with ABB in responding to,
evaluating, negotiating or complying with that request or requirement.

17.3         
  Enforcement costs

ABB
shall, within 3 Business Days of demand, pay to each Finance Party the amount
of all costs and expenses (including legal fees) directly incurred by that
Finance Party at any time after the service of a notice by the Facility Agent
under Clause 22.10 (Acceleration) in connection with the
enforcement of, or the preservation of any rights under, any Finance Document.

18.             
  Guarantee and Indemnity

18.1         
  Guarantee and indemnity

The Guarantor irrevocably and unconditionally:

(a)              
  guarantees to each Finance
Party punctual performance by each Borrower of all that Borrower's obligations
under the Finance Documents;

(b)              
  undertakes with each Finance
Party that whenever a Borrower does not pay any amount when due under or in
connection with any Finance Document, the Guarantor shall immediately on demand
pay that amount as if it was the principal obligor; and

(c)              
  agrees with each Finance
Party that if any obligation guaranteed by it is or becomes unenforceable,
invalid or illegal, it will, as an independent and primary obligation,
indemnify that Finance Party immediately on demand against any cost, loss or
liability it incurs as a result of a Borrower not paying any amount which 

	
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would, but for such unenforceability, invalidity or
illegality, have been payable by it under any Finance Document on the date when
it would have been due.  The amount payable by the Guarantor under this
indemnity will not exceed the amount it would have had to pay under this Clause
18 if the amount claimed had been recoverable on the basis of a guarantee.

18.2         
  Continuing guarantee

This
guarantee is a continuing guarantee and will extend to the ultimate balance of
sums payable by any Borrower under the Finance Documents, regardless of any
intermediate payment or discharge in whole or in part.

18.3         
  Reinstatement

If
any discharge, release or arrangement (whether in respect of the obligations of
any Borrower or any security for those obligations or otherwise) is made by a
Finance Party in whole or in part on the basis of any payment, security or
other disposition which is avoided or must be restored in insolvency,
liquidation, administration or otherwise, without limitation, then the
liability of the Guarantor under this Clause 18 will continue or be reinstated
as if the discharge, release or arrangement had not occurred.

18.4         
  Waiver of defences

The obligations of the Guarantor under this Clause 18 will
not be affected by any act, omission, matter or thing which, but for this
Clause, would reduce, release or prejudice any of its obligations under this
Clause 18 (without limitation and whether or not known to it or any Finance
Party) including:

(a)              
  any time, waiver or consent
granted to, or composition with, any Borrower or other person;

(b)              
  the release of any Borrower
or any other person under the terms of any composition or arrangement with any
creditor of any member of the Group;

(c)              
  the taking, variation,
compromise, exchange, renewal or release of, or refusal or neglect to perfect,
take up or enforce, any rights against, or security over assets of, any
Borrower or other person or any non-presentation or non-observance of any formality
or other requirement in respect of any instrument or any failure to realise the
full value of any security;

(d)              
  any incapacity or lack of
power, authority or legal personality of or dissolution or change in the
members or status of a Borrower or any other person;

(e)              
  any amendment, novation,
supplement, extension, restatement (however fundamental and whether or not more
onerous) or replacement of any Finance Document or any other document or
security including without limitation any change in the purpose of, any
extension of or any increase in any facility or the 

	
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addition
of any new facility under any Finance Document or other document or security;

(f)               
  any unenforceability,
illegality or invalidity of any obligation of any person under any Finance
Document or any other document or security; or

(g)              
  any insolvency or similar
proceedings.

18.5         
  Immediate recourse

The
Guarantor waives any right it may have of first requiring any Finance Party (or
any trustee or agent on its behalf) to proceed against or enforce any other
rights or security or claim payment from any person before claiming from the
Guarantor under this Clause 18.  This waiver applies irrespective of any
law or any provision of a Finance Document to the contrary.

18.6         
  Appropriations

Until all amounts which may be or become payable by the
Borrowers under or in connection with the Finance Documents have been
irrevocably paid in full, each Finance Party (or any trustee or agent on its
behalf) may:

(a)              
  refrain from applying or
enforcing any other moneys, security or rights held or received by that Finance
Party (or any trustee or agent on its behalf) in respect of those amounts, or
apply and enforce the same in such manner and order as it sees fit (whether
against those amounts or otherwise) and the Guarantor shall not be entitled to
the benefit of the same; and

(b)              
  hold in an interest-bearing
suspense account any moneys received from the Guarantor or on account of the
Guarantor's liability under this Clause.

18.7         
  Deferral of Guarantor's
rights

Until all amounts which may be or become payable by the
Borrowers under or in connection with the Finance Documents have been
irrevocably paid in full or the Facility Agent otherwise directs, the Guarantor
will not exercise any rights which it may have by reason of performance by it
of its obligations under the Finance Documents or by reason of any amount being
payable, or liability arising, under this Clause 18:

(a)              
  to be indemnified by a
Borrower;

(b)              
  to take the benefit (in
whole or in part and whether by way of subrogation or otherwise) of any rights
of the Finance Parties under the Finance Documents or of any other guarantee or
security taken pursuant to, or in connection with, the Finance Documents by any
Finance Party;

(c)              
  to bring legal or other
proceedings for an order requiring any Borrower to make any payment, or perform
any obligation, in respect of which it has given a 

	
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guarantee,
undertaking or indemnity under Clause 18.1 (Guarantee and indemnity); 

(d)              
  to exercise any right of
set-off against any Borrower; and/or

(e)              
  to claim or prove as a
creditor of any Borrower in competition with any Finance Party.

If
the Guarantor receives any benefit, payment or distribution in relation to such
rights it shall hold that benefit, payment or distribution to the extent
necessary to enable all amounts which may be or become payable to the Finance
Parties by the Borrowers under or in connection with the Finance Documents to
be repaid in full on trust for the Finance Parties and shall promptly pay or
transfer the same to the Facility Agent or as the Facility Agent may direct for
application in accordance with Clause 29 (Payment Mechanics). 

18.8         
  Additional security

This
guarantee is in addition to and is not in any way prejudiced by any other
guarantee or security now or subsequently held by any Finance Party.

	
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SECTION 7

REPRESENTATIONS, UNDERTAKINGS AND EVENTS OF DEFAULT

19.             
  Representations

ABB
(in respect of itself and, where specified, each Group Company or each Material
Subsidiary) and each Borrower (in respect of itself) makes the representations
and warranties set out in this Clause 19 to each Finance Party on the date of
this Agreement.

19.1         
  Status

(a)              
  It is a corporation, duly
incorporated and validly existing under the law of its jurisdiction of
incorporation.

(b)              
  It and each Group Company
has the power to own its assets and carry on its business as it is being
conducted.

19.2         
  Binding obligations

The
obligations expressed to be assumed by it in each Finance Document are, subject
to the Reservations, legal, valid, binding and enforceable obligations.

19.3         
  Non-conflict with other
obligations

The entry into and performance by it of, and the
transactions contemplated by, the Finance Documents to which it is a party do
not conflict with:

(a)              
  any law or regulation
applicable to it;

(b)              
  its constitutional
documents; or

(c)              
  any agreement or instrument
binding upon it or any Group Company or any of their assets,

and,
in the case of paragraph (c) on any repetition after the date of this
Agreement, in a manner that could reasonably be expected to have a Material
Adverse Effect.

19.4         
  Power and authority

It
has the power to enter into, perform and deliver, and has taken all necessary
action to authorise its entry into, performance and delivery of, the Finance
Documents to which it is a party and the transactions contemplated by those
Finance Documents.

	
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19.5         
  Validity and admissibility
in evidence

All Authorisations required by ABB and each Borrower
(including, in the case of any Dutch Borrower, and if applicable, any works
council advice):

(a)              
  to enable it lawfully to
enter into, exercise its rights and comply with its obligations in the Finance
Documents to which it is a party; and

(b)              
  to make the Finance
Documents to which it is a party admissible in evidence in its jurisdiction of
incorporation,

have
been obtained or effected and are in full force and effect.

19.6         
  Insolvency

Neither
it nor any Material Subsidiary has taken any action nor (so far it is aware,
having made all due enquiry) have any steps been taken or legal proceedings
been started against it for winding-up, dissolution or re-organisation, the
enforcement of any Security over its assets or for the appointment of a
receiver, administrative receiver, or administrator, trustee or similar officer
of it or any of its assets.

19.7         
  No default

(a)              
  No Default is continuing.

(b)              
  No other event or
circumstance is outstanding which constitutes a default under any other agreement
or instrument which is binding on a Group Company or to which their assets are
subject which has had or could reasonably be expected to have a Material
Adverse Effect.

19.8         
  No misleading information

(a)              
  Any factual information
contained in any document forming part of the Information Package was true and
accurate in all material respects as at the date of the relevant document.

(b)              
  Nothing has occurred or been
omitted from the Information Package and no information has been given or
withheld that results in the information contained in the Information Package
being untrue or misleading in any material respect as at the date of the
relevant document.

19.9         
  Financial statements

(a)              
  The Original Financial
Statements were prepared in accordance with GAAP consistently applied.

(b)              
  The Original Financial
Statements fairly present in all material respects the consolidated financial
condition and operations of the Group or the financial 

	
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condition
and operations of the relevant Original Obligor in respect of the relevant
financial year.

(c)              
  Each of the latest audited
consolidated financial statements required to be delivered under paragraph (b)
of Clause 20.1 (Financial statements) fairly presents in all material
respects the financial position of the Group as at the date to which they were
prepared and for the period then ended.

(d)              
  Each of the latest set of
unaudited consolidated financial statements required to be delivered under
paragraph (c) of Clause 20.1 (Financial statements) fairly presents in
all material respects the financial condition of the Group as at the date to
which they were prepared and for the period then ended.

19.10       No Material Adverse Effect

Since
the date of the most recent annual audited accounts of the Group, no event or
events have occurred which have had a Material Adverse Effect.

19.11     
  Pari passu ranking

Its
payment obligations under the Finance Documents rank at least pari passu
with the claims of all its other unsecured and unsubordinated creditors, except
for obligations mandatorily preferred by law applying to companies generally.

19.12     
  No proceedings pending or
threatened

No
litigation, arbitration or administrative proceedings of or before any court,
arbitral body or agency which could reasonably be expected to have a Material
Adverse Effect have (to the best of its knowledge and belief) been started or
threatened against any Group Company.

19.13     
  Environmental Compliance

Each
Group Company has complied in all respects with all Environmental Law save to
the extent that non-compliance could not reasonably be expected to have a
Material Adverse Effect.

19.14     
  Sanctions

(a)              
  No Obligor is and, to the
knowledge of the Obligors, none of their respective directors or executive
officers are, a Restricted Party.

(b)              
  Each Obligor has instituted
and maintains, and will continue to maintain, policies and procedures
reasonably designed to promote and achieve compliance with Economic Sanctions
Laws.

	
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19.15     
  Anti-corruption and
anti-bribery laws and regulations

No
Obligor nor, to the best of the knowledge of the Obligors, none of their
respective directors or executive officers, in connection with this Facility
and/or the proceeds arising hereunder, engages in any activity or conduct which
would cause any Lender to be in breach of any applicable anti-bribery or
anti-corruption law or regulation. Each Obligor has instituted and maintains,
and will continue to maintain, policies and procedures reasonably designed to
promote and achieve compliance with applicable anti-corruption laws.

19.16     
  Repetition

(a)              
  The representations and
warranties in Clause 19.1 (Status) to Clause 19.4 (Power and
authority), Clause 19.14 (Sanctions) and Clause 19.15 (Anti-corruption
and anti-bribery laws and regulations) are deemed to be made by each
Obligor by reference to the facts and circumstances then existing:

(i)                
  in the case of Clause 19.1 (Status)
to Clause 19.4 (Power and authority), on the date of each Utilisation
Request and the first day of each Interest Period; and

(ii)             
  in the case of Clause 19.14
(Sanctions) and Clause 19.15 (Anti-corruption and anti-bribery laws
and regulations), on the date of each Utilisation Request.

20.             
  Information Undertakings

The
undertakings in this Clause 20 remain in force from the date of this Agreement
for so long as any amount is outstanding under the Finance Documents or any
Commitment is in force.

20.1         
  Financial statements

(a)              
  ABB and each Borrower shall
supply to the Facility Agent (in sufficient copies for all the Lenders, if the
Facility Agent so requests) as soon as the same become available, but in any
event within 120 days after the end of each of its financial years (in the case
of ABB) and within 150 days (in the case of each Borrower), its statutory
audited unconsolidated annual financial statements for that financial year (if
prepared by such Borrower).

(b)              
  ABB shall supply to the
Facility Agent (in sufficient copies for all the Lenders, if the Facility Agent
so requests) as soon as the same become available, but in any event before the
date falling 120 days after the end of each of its financial years, its
audited consolidated annual financial statements.

(c)              
  ABB shall supply to the
Facility Agent (in sufficient copies for all the Lenders, if the Facility Agent
so requests) as soon as the same become available, but in any event within 45
days after the end of each quarter of each of its financial years 

	
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(except the fourth
quarter) its unaudited consolidated financial statements for that quarter and
the year-to-date period then ended.

20.2         
  Requirements as to financial
statements

Each
Borrower shall procure that each set of financial statements delivered by it
pursuant to Clause 20.1 (Financial statements) is prepared using GAAP.

20.3         
  Information:  miscellaneous

ABB shall supply to the Facility Agent (in sufficient
copies for all the Lenders, if the Facility Agent so requests):

(a)              
  all documents dispatched by
it to its shareholders (or any class of them) or its creditors generally at the
same time as they are dispatched;

(b)              
  promptly upon becoming aware
of them, the details of any litigation, arbitration or administrative
proceedings which are commenced against one or more Group Companies and which
could reasonably be expected to have a Material Adverse Effect; and

(c)              
  promptly, such further
information regarding the financial condition, business and operations of any
Obligor or any other Material Subsidiary as any Finance Party (acting through
the Facility Agent) may reasonably request.

20.4         
  Notification of default

ABB
and each Borrower shall notify the Facility Agent of any Default (and the
steps, if any, being taken to remedy it) promptly upon becoming aware of its
occurrence.

20.5         
  Material Subsidiaries

ABB shall supply to the Facility Agent, with each set of
financial statements delivered by it pursuant to paragraph (b) of Clause 20.1 (Financial
statements), either:

(a)              
  a complete and up to date
list of Material Subsidiaries at that time; or

(b)              
  written confirmation that
the list of Material Subsidiaries contained in Schedule 8 (Material Subsidiaries)
is complete and up to date at that time.

	
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20.6         
  Use of Websites

(a)              
  Any Obligor may satisfy its
obligation under this Agreement to deliver any information in relation to those
Lenders (the "Website Lenders") who accept this method of
communication by posting this information onto an electronic website designated
by ABB and the Facility Agent (the "Designated Website") if:

(i)                
  the Facility Agent expressly
agrees (after consultation with each of the Lenders) that it will accept
communication of the information by this method;

(ii)             
  both ABB and the Facility
Agent are aware of the address of and any relevant password specifications for
the Designated Website; and

(iii)           
  the information is in a
format previously agreed between ABB and the Facility Agent.

If
any Lender (a "Paper Form Lender") does not agree to the
delivery of information electronically then the Facility Agent shall notify ABB
accordingly and ABB shall supply the information to the Facility Agent (in
sufficient copies for each Paper Form Lender) in paper form.  In any event ABB
shall supply the Facility Agent with at least one copy in paper form of any
information required to be provided by it.

(b)              
  The Facility Agent shall
supply each Website Lender with the address of and any relevant password
specifications for the Designated Website following designation of that website
by ABB and the Facility Agent.  The Facility Agent shall notify each Website
Lender when any document is posted to the Designated Website.

(c)              
  ABB shall promptly upon
becoming aware of its occurrence notify the Facility Agent if:

(i)                
  the Designated Website
cannot be accessed due to technical failure;

(ii)             
  the password specifications
for the Designated Website change;

(iii)           
  any new information which is
required to be provided under this Agreement is posted onto the Designated
Website;

(iv)            
  any existing information
which has been provided under this Agreement and posted onto the Designated
Website is amended; or

(v)              
  ABB becomes aware that the
Designated Website or any information posted onto the Designated Website is or
has been infected by any electronic virus or similar software.

If
ABB notifies the Facility Agent under paragraph (c)(i) or paragraph (c)(v)
above, all information to be provided by ABB under this Agreement after the
date 

	
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of that notice shall be supplied in paper form
unless and until the Facility Agent and each Website Lender is satisfied that
the circumstances giving rise to the notification are no longer continuing.

(d)              
  Any Website Lender may
request, through the Facility Agent, one paper copy of any information required
to be provided under this Agreement which is posted onto the Designated
Website.  ABB shall comply with any such request within ten Business Days.

20.7         
  "Know your customer" checks

(a)              
  If:

(i)                
  the introduction of or any
change in (or in the interpretation, administration or application of) any law
or regulation made after the date of this Agreement;

(ii)             
  any change in the status of
an Obligor or the composition of the shareholders of an Obligor after the date
of this Agreement; or

(iii)           
  a proposed assignment or
transfer by a Lender of any of its rights and/or obligations under this
Agreement to a party that is not a Lender prior to such assignment or transfer,

obliges
any Agent or any Lender (or, in the case of paragraph (iii) above, any
prospective new Lender) to comply with "know your customer" or
similar identification procedures in circumstances where the necessary
information is not already available to it, each Obligor shall promptly upon
the request of that Agent or any Lender supply, or procure the supply of (to
the extent that the relevant information is not already available to the
applicable Agent or Lender), such documentation and other evidence as is
reasonably requested by that Agent (for itself or on behalf of any Lender) or
any Lender (for itself or, in the case of the event described in
paragraph (iii) above, on behalf of any prospective new Lender) in order
for the applicable Agent, such Lender or, in the case of the event described in
paragraph (iii) above, any prospective new Lender to carry out and be satisfied
with the results of all necessary "know your customer" or other
checks in relation to any relevant person pursuant to the transactions
contemplated in the Finance Documents.

(b)              
  Each Lender shall promptly
upon the request of any Agent supply, or procure the supply of, such
documentation and other evidence as is reasonably requested by that Agent (for
itself) in order for that Agent to carry out and be satisfied with the results
of all necessary "know your customer" or other checks on Lenders or
prospective new Lenders pursuant to the transactions contemplated in the
Finance Documents.

(c)              
  ABB shall, by not less than
10 Business Days' prior written notice to the Facility Agent, notify the
Facility Agent (which shall promptly notify the Lenders) of its 

	
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intention to request
that one of its Subsidiaries becomes an Additional Borrower pursuant to Clause 25
(Changes to the Obligors). 

(d)              
  Following the giving of any
notice pursuant to paragraph (c) above, if the accession of such Additional
Borrower obliges any Agent or any Lender to comply with "know your
customer" or similar identification procedures in circumstances where the
necessary information is not already available to it, ABB shall promptly upon
the request of that Agent or any Lender supply, or procure the supply of, such
documentation and other evidence as is reasonably requested by that Agent (for
itself or on behalf of any Lender) or any Lender (for itself or on behalf of
any prospective new Lender) in order for that Agent or such Lender or any
prospective new Lender to carry out and be satisfied with the results of all
necessary "know your customer" or other checks in relation to any
relevant person pursuant to the accession of such Subsidiary to this Agreement
as an Additional Borrower.

21.             
  General Undertakings

The
undertakings in this Clause 21 remain in force from the date of this Agreement
for so long as any amount is outstanding under the Finance Documents or any
Commitment is in force.

21.1         
  Authorisations

Each Obligor shall promptly obtain, comply with and do all
that is necessary to maintain in full force and effect any Authorisation
(including, in the case of any Dutch Borrower, any applicable works council
advice) required under any law or regulation of its jurisdiction of
incorporation to enable it to perform its obligations under the Finance
Documents and to ensure the legality, validity and subject to the Reservations
enforceability or admissibility in evidence in its jurisdiction of
incorporation of any Finance Document.

21.2         
  Compliance with laws

Each
Obligor shall comply in all respects with all laws (including, without
limitation, Environmental Law, ERISA and the Dutch Financial Supervision Act (Wet
op het financieel toezicht))  to which it may be subject, if failure
so to comply would have a Material Adverse Effect.

21.3         
  Negative pledge

(a)              
  Neither ABB nor any Borrower
shall (and ABB shall procure that no other Group Company will) create or permit
to subsist any Security over any of its assets.

(b)              
  Paragraph (a) above does not
apply to:

(i)                
  any Security over any bank
account in favour of the bank with which such account is held, in each case
granted by any Group Company in the 

	
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ordinary course of its banking arrangements for
the purpose of netting debit and credit balances;

(ii)             
  any Security arising by
operation of law;

(iii)           
  any Security contained in a
contract for sale or supply entered into in the ordinary course of trading,
where such Security is granted to such seller or, as the case may be, supplier
and is limited in recourse to the asset sold or, as the case may be, supplied;

(iv)            
  any Security over or
affecting any asset acquired by a Group Company after the date of this
Agreement if:

(A)            
  the Security was not created
in contemplation of the acquisition of that asset by a Group Company; and

(B)             
  the principal amount secured
has not been increased in contemplation of, or since the acquisition of that
asset by a Group Company;

(v)              
  any Security over or
affecting any asset of a Group Company after the date of this Agreement, where
the Security is created prior to the date on which that Company becomes a Group
Company, if:

(A)            
  the Security was not created
in contemplation of the acquisition of that company; and

(B)             
  the principal amount secured
has not increased in contemplation of or since the acquisition of that company;

(vi)            
  any Security provided by one
Group Company (not being ABB) to another Group Company;

(vii)         
  any Security created in
respect of the Securitisations provided that the amounts so secured do
not at any time exceed USD 1,500,000,000 (or its equivalent in another currency
or currencies);

(viii)       
  any Security over the assets
of a Project Company, any shareholder loan made to a Project Company or the
shares in a Project Company where such Security was created for the purpose of
securing Indebtedness incurred to acquire and/or develop the assets of such
Project Company and where such Indebtedness constitutes Project Finance
Indebtedness of such Project Company;

(ix)            
  any Security securing
Indebtedness incurred by a Group Company to refinance Indebtedness secured by
Security of the type referred to in paragraphs (iv) or (v) above where such
first-mentioned Security is over the same asset and is of the same type as such
second-mentioned Security 

	
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and the conditions referred to in paragraph (iv) or, as the
case may be, (v) above continue to be satisfied, mutatis mutandis; and

(x)              
  any Security not falling
within any of paragraphs (i) to (ix) above inclusive in respect of assets
having an aggregate value not exceeding 10 per cent. of the aggregate value of
the gross assets of the Group (as set out in ABB's most recently published
annual audited consolidated financial statements).

21.4         
  Claims Pari Passu

ABB
shall ensure that at all times the claims of the Finance Parties against each
Obligor under the Finance Documents rank at least pari passu with the
claims of all its other unsecured and unsubordinated creditors except for
obligations mandatorily preferred by law applying to companies generally.

21.5         
  Merger

No
Obligor shall enter into any amalgamation, demerger, merger or corporate
reconstruction save where the Facility Agent is satisfied, acting reasonably,
that the relevant Obligor's obligations under the Finance Documents will
continue to be the legal, valid, binding and (subject to the Reservations)
enforceable obligations of the surviving entity.

21.6         
  Insurance

Each
Obligor shall (and ABB shall ensure that each Group Company will) maintain
insurances on and in relation to its business and assets with reputable
underwriters or insurance companies against those risks and to the extent as is
usual for companies carrying on the same or substantially similar business in
the relevant jurisdiction and taking into account the availability of insurance
generally.

21.7         
  Restriction on Subsidiary Debt

ABB shall ensure that the aggregate amount of Total Gross
Debt other than:

(a)              
  Project Finance Indebtedness;

(b)              
  Indebtedness owed by one
Group Company to another Group Company;

(c)              
  amounts borrowed by a finance
company which is a Group Company and which are on-lent, and remain on-lent, to
an Obligor;

(d)              
  amounts borrowed by a Group
Company from a bank to which cash-collateral (in a substantially equivalent
amount) has been granted by a Group Company in respect of the relevant Group
Company's obligation to repay such amounts;

(e)              
  Indebtedness relating to any
leases that are not required to be treated as finance leases under US GAAP as
at the date hereof;

	
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(f)               
  any amounts borrowed by a
Group Company which constitute Total Gross Debt to the extent such amounts are
borrowed for the purposes of refinancing other borrowings constituting Total
Gross Debt so long as amounts so borrowed are promptly applied in such manner;
and

(g)              
  Indebtedness in respect of
bonds, commercial paper and/or other debt instruments issued by Group Companies
that are Capital Markets Issuers,

of
Group Companies which are not Obligors shall not exceed the greater of:  (i)
$2,500,000,000; and (ii) 7.5 per cent. of the total assets of the Group (as
reflected in the most recent audited consolidated annual financial statements
delivered by ABB under paragraph (b) of Clause 20.1 (Financial statements)). 

In
this Clause 21.7 "Total Gross Debt" means the aggregate of
short-term debt (including current maturities of long-term debt) and long-term
debt as reflected in the most recent unaudited quarterly consolidated financial
statements or audited consolidated annual financial statements delivered by ABB
under paragraph (b) or (c) of Clause 20.1 (Financial statements). 

21.8         
  Change of business

ABB
shall procure that no substantial change is made to the business of the Group which
would result in the general nature of the business of the Group, taken as a
whole, being other than the business of power and/or automation technologies,
and/or digital industries.

21.9         
  Economic Sanctions

No
Borrower shall lend, invest, contribute or otherwise make available the proceeds
of any Advance in a manner that would violate the Economic Sanctions Laws.

22.             
  Events of Default

Each
of the events or circumstances set out in Clauses 22.1 (Non-payment) to 22.9
(Cessation of business) inclusive is an Event of Default.

22.1         
  Non-payment

Any
sum due from an Obligor or the Obligors under this Agreement is not paid at the
time, at the place at, and in the currency in which, it is expressed to be
payable unless payment is made within 3 Business Days of its due date and the
failure to pay is due solely to administrative error or technical delays in the
transmission of funds.

22.2         
  Other obligations

An
Obligor does not comply with any provision of the Finance Documents (other than
those referred to in Clause 22.1 (Non-payment)) and, if the failure to
comply is capable of remedy, it is not remedied within 30 days of the Facility
Agent giving notice to ABB of the failure to comply.

	
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22.3         
  Misrepresentation

Any
representation or statement made or deemed (by virtue of Clause 19.16 (Repetition))
to be made by ABB or any Borrower in this Agreement (other than a
representation or statement made or deemed to be made pursuant to Clause 19.14
(Sanctions) or Clause 19.15 (Anti-corruption and anti-bribery laws
and regulations)) is or proves to have been incorrect or misleading in any
respect when made or deemed to be made and, where the circumstances making such
representation or statement incorrect or misleading are capable of being
altered so that such representation or statement is correct, such circumstances
are not so altered within 30 days of the Facility Agent giving notice to ABB of
such representation or statement being incorrect.

22.4         
  Cross default

(a)              
  Any Indebtedness of all or
any of the Group Companies is not paid when due nor within any originally
applicable grace period.

(b)              
  Any Indebtedness of all or
any of the Group Companies has (i) become capable of being declared and is
declared to be or (ii) otherwise becomes due and payable, in any case, prior to
its specified maturity as a result of a default or an event of default (however
described).

(c)              
  Any commitment for any
Indebtedness of all or any of the Group Companies is cancelled or suspended by
a creditor of all or any of the Group Companies as a result of a default or an
event of default (however described).

(d)              
  Any creditor of all or any
of the Group Companies becomes entitled to declare any Indebtedness of all or
any of the Group Companies due and payable prior to its specified maturity as a
result of a default or an event of default (however described).

(e)              
  No Event of Default will
occur under this Clause 22.4 if (1) the Indebtedness falling within paragraphs (a)
to (d) is Project Finance Indebtedness, intra-Group Indebtedness or
Indebtedness under a Finance Document or (2) the aggregate amount of
Indebtedness or commitment for Indebtedness falling within paragraphs (a) to (d)
(excluding any described in (1) above) above is less than $100,000,000.

22.5         
  Insolvency

(a)              
  Any Obligor or any Material
Subsidiary is unable or admits in writing an inability to pay its debts as they
fall due, suspends making payments on any of its debts or, by reason of actual
or anticipated financial difficulties, commences negotiations with one or more
of its creditors with a view to rescheduling any of its indebtedness.

(b)              
  A moratorium is declared in
respect of any indebtedness of any Obligor or any Material Subsidiary.

	
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22.6         
  Insolvency proceedings

Any corporate action, legal proceedings or other procedure
or step is taken in relation to:

(a)              
  the suspension of payments,
a moratorium of any indebtedness, dissolution or reorganisation (by way of
voluntary arrangement, scheme of arrangement or otherwise) of any Obligor or
any Material Subsidiary other than a solvent liquidation or reorganisation of
any Material Subsidiary (other than a Borrower) or to the extent permitted by Clause
21.5 (Merger); 

(b)              
  a composition, assignment or
arrangement with any creditor of any Obligor or any Material Subsidiary (other
than on a solvent basis to the extent permitted by Clause 21.5 (Merger)); 

(c)              
  the appointment of a
liquidator (other than in respect of (i) a winding up petition which is
frivolous or vexatious and which is, in any event, discharged within 30 days of
its presentation or (ii) a solvent liquidation of any Material Subsidiary
(other than a Borrower) or (iii) to the extent permitted by Clause 21.5 (Merger)),
receiver, administrator, trustee in bankruptcy, administrative receiver,
compulsory manager or other similar officer in respect of any Obligor or any
Material Subsidiary or any of its assets (having an aggregate value of at least
$100,000,000); or

(d)              
  enforcement of any Security
over any assets (having an aggregate value of at least $100,000,000) of any
Material Subsidiary or Obligor by reason of a default or event of default
(howsoever described) occurring under the relevant agreement relating to the
Indebtedness secured by such Security,

or
any analogous procedure or step is taken in any jurisdiction. 

22.7         
  Repudiation

An
Obligor repudiates a Finance Document or evidences in writing an intention to repudiate
a Finance Document.

22.8         
  Unlawfulness

Subject
to Clause 8.2 (Borrower Illegality), it is or becomes unlawful for an
Obligor to perform any of its material obligations under the Finance Documents.

22.9         
  Cessation of business

The
Group, taken as a whole, ceases or threatens to cease to do business.

	
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22.10     
  Acceleration

On and at any time after the occurrence of an Event of
Default which is continuing the Facility Agent may, and shall if so directed by
the Majority Lenders, by notice to ABB:

(a)              
  cancel the Total Commitments
whereupon they shall immediately be cancelled;

(b)              
  declare that all or part of
the Advances, together with accrued interest, and all other amounts accrued
under the Finance Documents be immediately due and payable, whereupon they
shall become immediately due and payable; and/or

(c)              
  declare that all or part of
the Advances be payable on demand, whereupon they shall immediately become
payable on demand by the Facility Agent on the instructions of the Majority
Lenders.

22.11       Clean-Up Period

Notwithstanding
any other provision of any Finance Document, if during a Clean-Up Period any
event or circumstance exists which but for this Clause 22.11 would constitute a
Default, such event or circumstance will not constitute a Default (including
for the purposes of Clause 4.2 (Further conditions precedent)) during
such Clean-Up Period if:

(a)              
  it relates exclusively to,
or arises solely as a result of matters relating to the person(s) acquired
pursuant to the relevant Acquisition (or to any Subsidiary(ies) of such
person(s)) or to any obligations to procure or ensure in relation to such
person(s) (or in relation to any Subsidiary(ies) of such person(s));

(b)              
  it is capable of remedy and
reasonable steps are promptly taken to remedy it;

(c)              
  the circumstances giving
rise to it (other than the Acquisition itself) have not been procured by any
Obligor; and

(d)              
  it is not reasonably likely
to have a Material Adverse Effect.

If
such event or circumstance is continuing on or after the expiry of such
Clean-Up Period then, with effect from such date, there shall be an Event of
Default or, as the case may be, Default notwithstanding the above (and without
prejudice to the rights and remedies of the Finance Parties).

	
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SECTION 8

CHANGES TO PARTIES

23.             
  Changes to the Lenders

23.1         
  Assignments and transfers by
the Lenders

Subject to this Clause 23, a Lender (the "Existing
Lender") may:

(a)              
  assign any of its rights; or

(b)              
  transfer by novation any of
its rights and obligations,

to
another Qualifying Bank (the "New Lender"). 

23.2         
  Conditions of assignment or
transfer

(a)              
  The consent of ABB is
required for an assignment or transfer by a Lender, unless the assignment or
transfer is to another Lender or an Affiliate of a Lender that is a Qualifying
Bank or unless an Event of Default has occurred and is continuing.

(b)              
  The consent of ABB to an
assignment or transfer must not be unreasonably withheld or delayed.  ABB will
be deemed to have given its consent 10 Business Days after the Lender has
requested it unless consent is expressly refused by ABB within that time.

(c)              
  An assignment or transfer
shall be in respect of a Commitment or a Swingline Commitment of at least
$10,000,000 or, if less, the whole of the Commitment or Swingline Commitment of
the relevant assignor or transferor (provided that any such assignment
or transfer shall be in respect of a Commitment or Swingline Commitment at
least equal to €50,000 (calculated at the then prevailing exchange rate)).

(d)              
  An assignment or transfer by
a Swingline Lender of any of its Swingline Commitments shall only be made if
there is a simultaneous assignment or transfer of an equal amount of its
Commitment (or the Commitment of its Revolving Facility Affiliate).  This paragraph shall not apply to a transfer
of any Swingline Commitment to a Lender or an Affiliate of a Lender provided
that no Swingline Commitment of a Lender may exceed the Commitment of that
Lender or its Revolving Facility Affiliate.

(e)              
  An assignment or transfer by
a Lender which is a Swingline Lender or the Revolving Facility Affiliate of a
Swingline Lender of any of its Commitment shall only be effective if after such
assignment or transfer, the Commitment of that Lender is at least equal to each
of the Swingline Commitments of that Lender or its Swingline Affiliate.

	
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(f)               
  An assignment will only be
effective on:  (i) receipt by the Facility Agent of written confirmation from
the New Lender (in form and substance satisfactory to the Facility Agent) that
the New Lender will assume the same obligations to the other Finance Parties
and the Obligors as it would have been under if it had been an Original Lender;
and (ii) performance by the Facility Agent of all necessary "know your
customer" or other similar checks under all applicable laws and
regulations in relation to such assignment to a New Lender, the completion of
which the Facility Agent shall promptly notify to the Existing Lender and the
New Lender.

(g)              
  A transfer will only be
effective if the procedure set out in Clause 23.5 (Procedure for transfer)
is complied with.

(h)              
  If:

(i)                
  a Lender assigns or
transfers any of its rights or obligations under the Finance Documents or
changes its Facility Office; and

(ii)             
  as a result of circumstances
existing at the date the assignment, transfer or change occurs, an Obligor
would be obliged, or at such date it is reasonably foreseeable that an Obligor
would be obliged, to make a payment to the New Lender or Lender acting through
its new Facility Office under Clause 9.5 (Minimum Interest), Clause 13 (Tax
Gross Up and Indemnities) or Clause 14.1 (Increased costs), 

then
the New Lender or Lender acting through its new Facility Office is only
entitled to receive payment under those Clauses to the same extent as the
Existing Lender or Lender acting through its previous Facility Office would
have been if the assignment, transfer or change had not occurred.

(i)                
  Each New Lender, by
executing the relevant documentation pursuant to which it becomes a Party as a Lender,
confirms, for the avoidance of doubt:

(i)                
  that the Facility Agent has
authority to execute on its behalf any amendment or waiver that has been
approved by or on behalf of the requisite Lender or Lenders in accordance with
this Agreement on or prior to the date on which the transfer or assignment
becomes effective in accordance with this Agreement and that it is bound by
that decision to the same extent as the Existing Lender would have been had it
remained a Lender; and

(ii)             
  that it agrees to and is
bound by any extension to the Termination Date in respect of the Commitments
being transferred to which the Existing Lender has given its consent in
accordance with Clause 2.3 (Extension Option). 

	
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23.3         
  Assignment or transfer fee

The
New Lender shall, on the date upon which an assignment or transfer takes
effect, pay to the Facility Agent (for its own account) a fee of $3,000.

23.4         
  Limitation of responsibility
of Existing Lenders

(a)              
  Unless expressly agreed to
the contrary, an Existing Lender makes no representation or warranty and
assumes no responsibility to a New Lender for:

(i)                
  the legality, validity,
effectiveness, adequacy or enforceability of the Finance Documents or any other
documents;

(ii)             
  the financial condition of
ABB or any Borrower;

(iii)           
  the performance and
observance by ABB or any Borrower of its obligations under the Finance
Documents or any other documents; or

(iv)            
  the accuracy of any
statements (whether written or oral) made in or in connection with any Finance
Document or any other document,

and
any representations or warranties implied by law are excluded.

(b)              
  Each New Lender confirms to
the Existing Lender and the other Finance Parties that it:

(i)                
  has made (and shall continue
to make) its own independent investigation and assessment of the financial
condition and affairs of ABB and each Borrower and its related entities in
connection with its participation in this Agreement and has not relied
exclusively on any information provided to it by the Existing Lender in
connection with any Finance Document; and

(ii)             
  will continue to make its
own independent appraisal of the creditworthiness of ABB and each Borrower and
its related entities whilst any amount is or may be outstanding under the
Finance Documents or any Commitment is in force.

(c)              
  Nothing in any Finance
Document obliges an Existing Lender to:

(i)                
  accept a re-transfer or
re-assignment from a New Lender of any of the rights and obligations assigned
or transferred under this Clause 23; or

(ii)             
  support any losses directly
or indirectly incurred by the New Lender by reason of the non-performance by
ABB or any Borrower of its obligations under the Finance Documents or
otherwise.

	
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23.5         
  Procedure for transfer

(a)              
  Subject to the conditions
set out in Clause 23.2 (Conditions of assignment or transfer) a transfer
is effected in accordance with paragraph (b) below when the Facility Agent
executes an otherwise duly completed Transfer Certificate delivered to it by
the Existing Lender and the New Lender.  The Facility Agent shall, as soon as reasonably
practicable after receipt by it of a duly completed Transfer Certificate
appearing on its face to comply with the terms of this Agreement and delivered
in accordance with the terms of this Agreement, execute that Transfer
Certificate.

(b)              
  The Facility Agent shall
only be obliged to execute a Transfer Certificate delivered to it by the
Existing Lender and the New Lender upon its completion of all "know your
customer" or other checks relating to any person that it is required to
carry out in relation to the transfer to such New Lender.

(c)              
  Subject to Clause 23.10
(Pro rata interest settlement), on the Transfer Date:

(i)                
  to the extent that in the
Transfer Certificate the Existing Lender seeks to transfer by novation its
rights and obligations under the Finance Documents each of ABB, the Borrowers
and the Existing Lender shall be released from further obligations towards one
another under the Finance Documents and their respective rights against one
another shall be cancelled (being the "Discharged Rights and
Obligations"); 

(ii)             
  each of ABB, the Borrowers
and the New Lender shall assume obligations towards one another and/or acquire
rights against one another which differ from the Discharged Rights and
Obligations only insofar as ABB, that Borrower and the New Lender have assumed
and/or acquired the same in place of ABB, that Borrower and the Existing
Lender;

(iii)           
  the Agents, the Mandated
Lead Arrangers, the New Lender and other Lenders shall acquire the same rights
and assume the same obligations between themselves as they would have acquired
and assumed had the New Lender been an Original Lender with the rights and/or
obligations acquired or assumed by it as a result of the transfer and to that
extent the Agents, the Mandated Lead Arrangers and the Existing Lender shall
each be released from further obligations to each other under this Agreement;
and

(iv)            
  the New Lender shall become
a Party as a "Lender". 

23.6         
  Disclosure of information

(a)              
  Any Finance Party may
disclose to:

(i)                
  any of its officers,
directors, employees, professional advisers (including external legal counsel),
auditors and Affiliates (provided they are made 

	
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aware
of the confidential nature of the relevant information and that it may be
price-sensitive); and

(ii)             
  any other person to whom,
and to the extent that, information is required to be disclosed by any court or
tribunal of competent jurisdiction or any governmental or regulatory authority
or similar body, or pursuant to any applicable law or regulation,

any information about ABB, any Borrower, the Group and the
Finance Documents as that Finance Party shall consider appropriate.

(b)              
  Any Lender may disclose to any
other person:

(i)                
  to (or through) whom that
Lender assigns or transfers (or may potentially assign or transfer) all or any
of its rights and obligations under this Agreement; or

(ii)             
  with (or through) whom that
Lender enters into (or may potentially enter into) any sub-participation in
relation to, or any other transaction under which payments are to be made by
reference to, this Agreement or any Obligor,

any
information about ABB, any Borrower, the Group and the Finance Documents as
that Lender shall consider appropriate, provided that in relation to
paragraphs (b)(i) and (b)(ii) above only, the person to whom the information is
to be given has entered into a confidentiality undertaking unless such person
is any central bank or supranational bank in which case no confidentiality
undertaking will be required.

Notwithstanding any of the provisions of the Finance
Documents, the Obligors and the Finance Parties hereby agree that each Party
and each employee, representative or other agent of each Party may disclose to
any and all persons, without limitation of any kind, the "tax structure"
and "tax treatment" (in each case within the meaning of the
U.S. Treasury Regulation Section 1.6011-4) of the Facility and any materials of
any kind (including opinions or other tax analyses) that are provided to any of
the foregoing relating to such tax structure and tax treatment.

23.7         
  Copy of Transfer Certificate
and Increase Confirmation to ABB

The
Facility Agent shall, as soon as reasonably practicable after it has executed a
Transfer Certificate or an Increase Confirmation, send to ABB a copy of that
Transfer Certificate or Increase Confirmation.

23.8         
  Security over Lenders'
rights

In
addition to the other rights provided to Lenders under this Clause 23, each
Lender may without consulting with or obtaining consent from any Obligor, at
any time charge, assign or otherwise create Security in or over (whether by way
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any of its rights
under any Finance Document to secure obligations of that Lender to a federal
reserve or central bank except that no such charge, assignment or Security
shall:

(a)              
  release a Lender from any of
its obligations under the Finance Documents or substitute the beneficiary of
the relevant charge, assignment or other Security for the Lender as a party to
any of the Finance Documents;

(b)              
  require any payments to be
made by an Obligor other than or in excess of, or grant to any person any more
extensive rights than, those required to be made or granted to the relevant
Lender under the Finance Documents; or

(c)              
  upon any enforcement of such
charge, assignment or Security, result in any assignment or transfer of any
such rights under the Finance Documents which is in breach of the transfer and
assignment limitations set out in this Agreement.

23.9         
  Exposure Transfers

Other
than an assignment or transfer permitted pursuant to Clause 23.2 (Conditions
of assignment or transfer), no Lender shall enter into any arrangement with
another person under which such Lender substantially transfers its exposure
under this Agreement to that other person, unless under such arrangement and at
all times while such arrangement is in effect:

(a)              
  the relationship between
that Lender and that other person is that of a debtor and creditor (including
in the bankruptcy or similar event of that Lender or any Borrower); 

(b)              
  the other person will have
no proprietary interest in the benefit of this Agreement or in any monies
received by that Lender under or in relation to this Agreement, and

(c)              
  the other person will under
no circumstances: (i) be subrogated to, or substituted in respect of, that
Lender's claims under this Agreement; and (ii) have otherwise any contractual
relationship with, or rights against, any Obligor under, or in relation to,
this Agreement.

23.10     
  Pro rata interest settlement

(a)              
  In respect of any transfer
pursuant to Clause 23.5 (Procedure for transfer), provided that the
Transfer Date is not on the last day of an Interest Period:

(i)                
  any interest or fees in
respect of the relevant participation which are expressed to accrue by
reference to the lapse of time shall continue to accrue in favour of the
Existing Lender up to but excluding the Transfer Date ("Accrued Amounts")
and shall become due and payable to the Existing Lender (without further
interest accruing on them) on the last day of the current Interest Period (or,
if the Interest Period is longer than six 

	
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Months, on
the next of the dates which falls at six Monthly intervals after the first day
of that Interest Period); and 

(ii)             
  the rights assigned or
transferred by the Existing Lender will not include the right to the Accrued
Amounts, so that, for the avoidance of doubt:

(A)            
  when the Accrued Amounts
become payable, those Accrued Amounts will be payable to the Existing Lender;
and

(B)             
  the amount payable to the
New Lender on that date will be the amount which would, but for the application
of this Clause 23.10, have been payable to it on that date, but after deduction
of the Accrued Amounts.

(b)              
  In this Clause 23.10
references to "Interest Period" shall be construed to include a
reference to any other period for accrual of fees.

(c)              
  An Existing Lender which
retains the right to the Accrued Amounts pursuant to this Clause 23.10 but
which does not have a Commitment shall be deemed not to be a Lender for the
purposes of ascertaining whether the agreement of any specified group of
Lenders has been obtained to approve any request for a consent, waiver,
amendment or other vote of Lenders under the Finance Documents.

24.             
  Confidentiality of Funding
Rates

24.1         
  Confidentiality and disclosure

(a)              
  The Facility Agent and each
Obligor agree to keep each Funding Rate confidential and not to disclose it to
anyone, save to the extent permitted by paragraphs (b) and (c) below.

(b)              
  The Facility Agent may disclose:

(i)                
  any Funding Rate to ABB and
the relevant Borrower pursuant to Clause 9.4 (Notification of rates of
interest); and

(ii)             
  any Funding Rate to any
person appointed by it to provide administration services in respect of one or
more of the Finance Documents to the extent necessary to enable such service
provider to provide those services if the service provider to whom that
information is to be given has entered into a confidentiality agreement
substantially in the form of the LMA Master Confidentiality Undertaking for Use
With Administration/Settlement Service Providers or such other form of
confidentiality undertaking agreed between the Facility Agent and the relevant
Lender.

	
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(c)              
  The Facility Agent may
disclose any Funding Rate, and each Obligor may disclose any Funding Rate, to:

(i)                
  any of its Affiliates and
any of its or their officers, directors, employees, professional advisers,
auditors, partners and Representatives if any person to whom that Funding Rate
is to be given pursuant to this paragraph (i) is informed in writing of its
confidential nature and that it may be price-sensitive information except that
there shall be no such requirement to so inform if the recipient is subject to
professional obligations to maintain the confidentiality of that Funding Rate
or is otherwise bound by requirements of confidentiality in relation to it;

(ii)             
  any person to whom
information is required or requested to be disclosed by any court of competent
jurisdiction or any governmental, banking, taxation or other regulatory
authority or similar body, the rules of any relevant stock exchange or pursuant
to any applicable law or regulation if the person to whom that Funding Rate is
to be given is informed in writing of its confidential nature and that it may
be price-sensitive information except that there shall be no requirement to so
inform if, in the opinion of the Facility Agent or the relevant Obligor, as the
case may be, it is not practicable to do so in the circumstances;

(iii)           
  any person to whom
information is required to be disclosed in connection with, and for the
purposes of, any litigation, arbitration, administrative or other
investigations, proceedings or disputes if the person to whom that Funding Rate
is to be given is informed in writing of its confidential nature and that it
may be price-sensitive information except that there shall be no requirement to
so inform if, in the opinion of the Facility Agent or the relevant Obligor, as
the case may be, it is not practicable to do so in the circumstances; and

(iv)            
  any person with the consent
of the relevant Lender.

24.2         
  Other obligations

(a)              
  The Facility Agent and each
Obligor acknowledge that each Funding Rate is or may be price-sensitive
information and that its use may be regulated or prohibited by applicable
legislation including securities law relating to insider dealing and market
abuse and the Facility Agent and each Obligor undertake not to use any Funding
Rate for any unlawful purpose.

(b)              
  The Facility Agent and each
Obligor agree (to the extent permitted by law and regulation) to inform the
relevant Lender:

(i)                
  of the circumstances of any
disclosure made pursuant to paragraph (c)(ii) of Clause 24.1 (Confidentiality
and disclosure) above except where such disclosure is made to any of the
persons referred to in that paragraph during the ordinary course of its
supervisory or regulatory function; and

	
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(ii)             
  upon becoming aware that any
information has been disclosed in breach of this Clause 24.

25.             
  Changes to the Obligors

25.1         
  Assignments and transfer by
Obligors

Neither
ABB nor any Borrower may assign any of its rights or transfer any of its rights
or obligations under the Finance Documents.

25.2         
  Additional Borrowers

(a)              
  Subject to compliance with
paragraphs (c) and (d) of Clause 20.7 ("Know your customer" checks),
ABB may request by written notice that any of its wholly owned Subsidiaries
becomes an Additional Borrower.  That Subsidiary shall become an Additional
Borrower if:

(i)                
  that Subsidiary is
incorporated in an Agreed Jurisdiction or all the Lenders approve the addition
of that Subsidiary;

(ii)             
  ABB delivers to the Facility
Agent a duly completed and executed Borrower Accession Letter;

(iii)           
  ABB confirms that no Default
is continuing or would occur as a result of that Subsidiary becoming an
Additional Borrower; and

(iv)            
  the Facility Agent has
received all of the documents and other evidence listed in Part II of Schedule
2 (Conditions Precedent) in relation to that Additional Borrower, each
in form and substance reasonably satisfactory to the Facility Agent.

(b)              
  The Facility Agent shall
notify ABB and the Lenders promptly upon receiving (in form and substance
reasonably satisfactory to it) all the documents and other evidence listed in Part
II of Schedule 2 (Conditions Precedent). 

(c)              
  Other than to the extent
that the Majority Lenders notify the Facility Agent in writing to the contrary
before the Facility Agent gives the notification described in paragraph (b)
above, the Lenders authorise (but do not require) the Facility Agent to give
that notification.  The Facility Agent shall not be liable for any damages,
costs or losses whatsoever as a result of giving any such notification.

(d)              
  Delivery of a Borrower
Accession Letter constitutes confirmation by the relevant Subsidiary that the
representations and warranties in Clause 19.5 (Validity and admissibility in
evidence) and the representations and warranties deemed to be repeated
pursuant to Clause 19.16 (Repetition) are true and correct in relation
to it as at the date of delivery as if made by reference to the facts and
circumstances then existing.

	
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25.3         
  Resignation of a Borrower

(a)              
  ABB may request that a
Borrower ceases to be a Borrower by delivering to the Facility Agent a
Resignation Letter.

(b)              
  The Facility Agent shall
accept a Resignation Letter and notify ABB and the Lenders of its acceptance
if:

(i)                
  no Default would result from
the acceptance of the Resignation Letter (and ABB has confirmed this to be the
case); and

(ii)             
  the relevant Borrower is
under no actual or contingent obligations under any Finance Documents,

whereupon
that company shall cease to be a Borrower and shall have no further rights or
obligations under the Finance Documents.

25.4         
  Repetition of Representation

Delivery
of a Borrower Accession Letter constitutes confirmation by the relevant
Subsidiary that the representations and warranties in Clause 19.5 (Validity
and admissibility in evidence) and the representations and warranties
deemed to be repeated pursuant to Clause 19.16 (Repetition) are true and
correct in relation to it as at the date of delivery as if made by reference to
the facts and circumstances then existing.

	
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SECTION 9

THE FINANCE PARTIES

26.             
  Role of the Agents and the
Mandated Lead Arrangers

26.1         
  Appointment of the Agents

(a)              
  Each of the Mandated Lead
Arrangers and the Lenders appoints each Agent to act as its agent under and in
connection with the Finance Documents.

(b)              
  Each of the Mandated Lead
Arrangers and the Lenders authorises each Agent to exercise the rights, powers,
authorities and discretions specifically given to such Agent under or in
connection with the Finance Documents together with any other incidental
rights, powers, authorities and discretions.

(c)              
  The Facility Agent and the
Euro Swingline Agent shall, unless ABB agrees otherwise, act out of an office
in London.

(d)              
  The Dollar Swingline Agent
shall, unless ABB agrees otherwise, act out of an office in New York.

26.2         
  Instructions

(a)              
  An Agent shall:

(i)                
  unless a contrary indication
appears in a Finance Document, exercise or refrain from exercising any right,
power, authority or discretion vested in it as Agent in accordance with any
instructions given to it by:

(A)            
  all Lenders if the relevant
Finance Document stipulates the matter is an all Lender decision; and

(B)             
  in all other cases, the
Majority Lenders; and

(ii)             
  not be liable for any act
(or omission) if it acts (or refrains from acting) in accordance with paragraph
(i) above.

(b)              
  An Agent shall be entitled
to request instructions, or clarification of any instruction, from the Majority
Lenders (or, if the relevant Finance Document stipulates the matter is a decision
for any other Lender or group of Lenders, from that Lender or group of Lenders)
as to whether, and in what manner, it should exercise or refrain from
exercising any right, power, authority or discretion.  An Agent may refrain
from acting unless and until it receives any such instructions or clarification
that it has requested.

(c)              
  Save in the case of
decisions stipulated to be a matter for any other Lender or group of Lenders
under the relevant Finance Document and unless a contrary indication appears in
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the
Majority Lenders shall override any conflicting instructions given by any other
Parties and will be binding on all Finance Parties.

(d)              
  An Agent may refrain from
acting in accordance with any instructions of any Lender or group of Lenders
until it has received any indemnification and/or security that it may in its
discretion require (which may be greater in extent than that contained in the
Finance Documents and which may include payment in advance) for any cost, loss
or liability which it may incur in complying with those instructions.

(e)              
  In the absence of
instructions, an Agent may act (or refrain from acting) as it considers to be
in the best interest of the Lenders.

(f)               
  An Agent is not authorised
to act on behalf of a Lender (without first obtaining that Lender's consent) in
any legal or arbitration proceedings relating to any Finance Document.

26.3         
  Duties of the Agents

(a)              
  Subject to paragraph (b)
below, each Agent shall promptly forward to a Party the original or a copy of
any document which is delivered to that Agent for that Party by any other
Party.

(b)              
  Without prejudice to Clause 23.7
(Copy of Transfer Certificate and Increase Confirmation to ABB),
paragraph (a) above shall not apply to any Transfer Certificate or Increase
Confirmation.

(c)              
  Except where a Finance
Document specifically provides otherwise, an Agent is not obliged to review or
check the adequacy, accuracy or completeness of any document it forwards to
another Party.

(d)              
  If the Facility Agent
receives notice from a Party referring to this Agreement, describing a Default
and stating that the circumstance described is a Default, it shall promptly
notify the Lenders.

(e)              
  If an Agent is aware of the
non-payment of any principal, interest, commitment fee or other fee payable to
a Finance Party (other than an Agent or a Mandated Lead Arranger) under this
Agreement it shall promptly notify the other Finance Parties.

(f)               
  The Facility Agent shall
promptly notify:

(i)                
  the Lenders of any Default
arising under Clause 22.1 (Non-payment); and

(ii)             
  each Swingline Agent of:

(A)            
  any assignments or transfers
by a Lender pursuant to Clause 23 (Changes to the Lenders); and

	
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(B)             
  any changes to the Obligors
pursuant to Clause 25 (Changes to the Obligors). 

(g)              
  The Facility Agent shall
provide to ABB within 5 Business Days of a request by ABB (made no more
frequently than once per calendar month), a list (which may be in electronic
form) setting out the names of the Lenders as at the date such list is provided
and their respective Commitments and Swingline Commitments, and the name of the
credit contact at each Lender with access to the Debtdomain site in respect of
the Facility. 

(h)              
  Each Agent's duties under
the Finance Documents are solely mechanical and administrative in nature.

(i)                
  Each Agent shall have only
those duties, obligations and responsibilities expressly specified in the
Finance Documents to which it is expressed to be a party (and no others shall
be implied).

26.4         
  Role of the Mandated Lead
Arrangers

Except
as specifically provided in the Finance Documents, the Mandated Lead Arrangers
have no obligations of any kind to any other Party under or in connection with
any Finance Document.

26.5         
  No fiduciary duties

(a)              
  Nothing in any Finance
Document constitutes an Agent or a Mandated Lead Arranger as a trustee or
fiduciary of any other person.

(b)              
  No Agent nor any Mandated
Lead Arranger shall be bound to account to any Lender for any sum or the profit
element of any sum received by it for its own account.

26.6         
  Business with the Group

Each
Agent and each Mandated Lead Arranger may accept deposits from, lend money to
and generally engage in any kind of banking or other business with any of the
Group Companies.

26.7         
  Rights and discretions of
the Agents

(a)              
  Each Agent may

(i)                
  rely on any representation,
communication, notice or document believed by it to be genuine, correct and
appropriately authorised;

(ii)             
  rely on any statement made
by a director, authorised signatory or employee of any person regarding any
matters which may reasonably be assumed to be within his knowledge or within
his power to verify;

	
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(iii)           
  assume that:

(A)            
  any instructions received by
it from the Majority Lenders, any Lenders or any group of Lenders are duly
given in accordance with the terms of the Finance Documents; and

(B)             
  unless it has received
notice of revocation, that those instructions have not been revoked; and

(iv)            
  rely on a certificate from
any person:

(A)            
  as to any matter of fact or
circumstance which might reasonably be expected to be within the knowledge of
that person; or

(B)             
  to the effect that such
person approves of any particular dealing, transaction, step, action or thing,

as sufficient evidence that that is the case and, in the
case of paragraph (A) above, may assume the truth and accuracy of that
certificate.

(b)              
  Each Agent may assume
(unless it has received notice to the contrary in its capacity as agent for the
Lenders) that:

(i)                
  no Default has occurred
(unless it has actual knowledge of a Default arising under Clause 22.1 (Non-payment)); 

(ii)             
  any right, power, authority
or discretion vested in any Party or any group of Lenders has not been
exercised; and

(iii)           
  any notice or request made
by ABB (other than a Utilisation Request) is made on behalf of and with the
consent and knowledge of all the Obligors.

(c)              
  Each Agent may engage and
pay for the advice or services of any lawyers, accountants, tax advisers,
surveyors or other professional advisers or experts.

(d)              
  Without prejudice to the
generality of paragraph (c) above or paragraph (e) below, each Agent may at any
time engage and pay for the services of any lawyers to act as independent
counsel to the Agent (and so separate from any lawyers instructed by the
Lenders) if the Agent in its reasonable opinion deems this to be necessary.

(e)              
  Each Agent may rely on the
advice or services of any lawyers, accountants, tax advisers, surveyors or
other professional advisers or experts (whether obtained by the Agent or by any
other Party) and shall not be liable for any damages, costs or losses to any
person, any diminution in value or any liability whatsoever arising as a result
of its so relying.

	
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(f)               
  The Facility Agent may
disclose the identity of a Defaulting Lender to the other Finance Parties and
ABB and shall disclose the same upon the written request of ABB or the Majority
Lenders.

(g)              
  Each Agent may act in
relation to the Finance Documents through its officers, employees and agents.

(h)              
  Unless a Finance Document
expressly provides otherwise each Agent may disclose to any other Party any
information it reasonably believes it has received as agent under this
Agreement.

(i)                
  Notwithstanding any other
provision of any Finance Document to the contrary, no Agent or Mandated Lead
Arranger is obliged to do or omit to do anything if it would or might in its
reasonable opinion constitute a breach of law or regulation or a breach of a
fiduciary duty or duty of confidentiality.

(j)                
  Notwithstanding any
provision of any Finance Document to the contrary, no Agent is obliged to
expend or risk its own funds or otherwise incur any financial liability in the
performance of its duties, obligations or responsibilities or the exercise of
any right, power, authority or discretion if it has grounds for believing the
repayment of such funds or adequate indemnity against, or security for, such
risk or liability is not reasonably assured to it.

26.8         
  Responsibility for
documentation

No Agent nor any Mandated Lead Arranger is responsible or
liable for:

(a)              
  the adequacy, accuracy or
completeness of any information (whether oral or written) supplied by an Agent,
a Mandated Lead Arranger, ABB, any Borrower or any other person in or in
connection with any Finance Document or the Information Package or the
transactions contemplated in the Finance Documents or any other agreement,
arrangement or document entered into, made or executed in anticipation of,
under or in connection with any Finance Document;

(b)              
  the legality, validity,
effectiveness, adequacy or enforceability of any Finance Document or any other
agreement, arrangement or document entered into, made or executed in
anticipation of, under or in connection with any Finance Document; or

(c)              
  any determination as to
whether any information provided or to be provided to any Finance Party is
non-public information the use of which may be regulated or prohibited by
applicable law or regulation relating to insider dealing or otherwise.

26.9         
  No duty to monitor

An Agent shall not be bound to enquire:

(a)              
  whether or not any Default
has occurred;

	
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(b)              
  as to the performance,
default or any breach by any Party of its obligations under any Finance
Document; or

(c)              
  whether any other event
specified in any Finance Document has occurred.

26.10     
  Exclusion of liability

(a)              
  Without limiting paragraph (b)
below (and without prejudice to any other provision of any Finance Document
excluding or limiting the liability of an Agent), no Agent will be liable for:

(i)                
  any damages, costs or losses
to any person, any diminution in value, or any liability whatsoever arising as
a result of taking or not taking
any action under or in connection with any Finance Document, unless directly
caused by its negligence, wilful default or wilful misconduct;

(ii)             
  exercising, or not
exercising, any right, power, authority or discretion given to it by, or in
connection with, any Finance Document or any other agreement, arrangement or
document entered into, made or executed in anticipation of, under or in connection
with, any Finance Document, other than by reason of its negligence, wilful
default or wilful misconduct; or

(iii)           
  without prejudice to the
generality of paragraphs (i) and (ii) above, any damages, costs or losses to
any person, any diminution in value or any liability whatsoever (but not
including any claim based on the fraud of the Agent) arising as a result of any
act, event or circumstance not reasonably within its control, including (in
each case and without limitation) such damages, costs, losses, diminution in
value or liability arising as a result of:  nationalisation, expropriation or
other governmental actions; any regulation, currency restriction, devaluation
or fluctuation; market conditions affecting the execution or settlement of
transactions or the value of assets (including any Disruption Event);
breakdown, failure or malfunction of any third party transport,
telecommunications, computer services or systems; natural disasters or acts of
God; war, terrorism, insurrection or revolution; or strikes or industrial
action.

(b)              
  No Party may take any
proceedings against any officer, employee or agent of an Agent in respect of
any claim it might have against such Agent or in respect of any act or omission
of any kind by that officer, employee or agent in relation to any Finance
Document and any officer, employee or agent of such Agent may rely on this
Clause.

(c)              
  No Agent will (absent
negligence, wilful default or wilful misconduct directly giving rise to such
liability) be liable for any delay (or any related consequences) in crediting
an account with an amount required under the Finance Documents to be paid by
such Agent if that Agent has taken all necessary steps as soon as reasonably
practicable to comply with the regulations or operating procedures of any
recognised clearing or settlement system used by such Agent for that purpose.

	
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(d)              
  Nothing in this Agreement
shall oblige the Facility Agent or any Mandated Lead Arranger to carry out:

(i)                
  any "know your
customer" or other checks in relation to any person; or

(ii)             
  or any check on the extent
to which any transaction contemplated by this Agreement might be unlawful for
any Lender or for any Affiliate of any Lender,

on behalf of any Lender and each Lender confirms
to the Facility Agent and the Mandated Lead Arrangers that it is solely
responsible for any such checks it is required to carry out and that it may not
rely on any statement in relation to such checks made by the Facility Agent or
the Mandated Lead Arrangers.

(e)              
  Without prejudice to any
provision of any Finance Document excluding or limiting an Agent's liability,
any liability of an Agent arising under or in connection with any Finance
Document shall be limited to the amount of actual loss which has been suffered
(as determined by reference to the date of default of the Agent or, if later,
the date on which the loss arises as a result of such default) but without
reference to any special conditions or circumstances known to the Agent at any
time which increase the amount of that loss.  In no event shall an Agent be
liable for any loss of profits, goodwill, reputation, business opportunity or
anticipated saving, or for special, punitive, indirect or consequential
damages, whether or not the Agent has been advised of the possibility of such
loss or damages.

26.11     
  Lenders' indemnity to the
Agents

The
Lenders shall (in proportion to their Commitments or, if the Total Commitments
are then zero, to their Commitments immediately prior to their reduction to
zero) severally indemnify each Agent, within three Business Days of demand,
against any cost, loss or liability incurred by such Agent (otherwise than by
reason of such Agent's negligence or wilful misconduct) in acting as Agent
under the Finance Documents (unless such Agent has been reimbursed by ABB or
the Borrowers pursuant to a Finance Document).

26.12       Resignation of an Agent

(a)              
  An Agent may resign and
appoint one of its Affiliates as successor by giving notice to the Lenders and
ABB provided that such successor shall act (to the extent relevant) out
of an office in the following locations (each a "Required Location"): 

(i)                
  in the case of the Facility
Agent, London or, subject to the consent of ABB (acting reasonably), a location
within a Participating Member State;

(ii)             
  in the case of the Dollar
Swingline Agent, New York or, subject to the consent of ABB (acting
reasonably), another location within the United States; and

	
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(iii)           
  in the case of the Euro
Swingline Agent, London or, subject to the consent of ABB (acting reasonably), a
location within a Participating Member State.

(b)              
  Alternatively an Agent may
resign by giving notice to the Lenders and ABB, in which case the Majority
Lenders may appoint a successor Agent which will act out of an office in the
relevant Required Location.

(c)              
  If the Majority Lenders have
not appointed a successor Agent in accordance with paragraph (b) above within
30 days after notice of resignation was given, the resigning Agent may appoint
a successor Agent which will act out of an office in the relevant Required
Location.

(d)              
  A successor Agent may only
be appointed with the prior consent of ABB (such consent not to be unreasonably
withheld or delayed).

(e)              
  The retiring Agent shall, at
its own cost, make available to the successor Agent such documents and records
and provide such assistance as the successor Agent may reasonably request for
the purposes of performing its functions as Agent under the Finance Documents.

(f)               
  Such Agent's resignation
notice shall only take effect upon the appointment of a successor as
contemplated in paragraphs (b) and (c) above.

(g)              
  Upon the appointment of a
successor, the retiring Agent shall be discharged from any further obligation
in respect of the Finance Documents (other than its obligations under paragraph
(e) above) but shall remain entitled to the benefit of Clause 15.3 (Indemnity
to the Facility Agent) and this Clause 26 (and any agency fees for the
account of the retiring Agent shall cease to accrue from (and shall be payable
on) that date).  Its successor and each of the other Parties shall have the
same rights and obligations amongst themselves as they would have had if such successor
had been an original Party.

(h)              
  The Facility Agent shall
resign in accordance with paragraph (b) above (and, to the extent applicable,
shall use reasonable endeavours to appoint a successor Agent pursuant to
paragraph (c) above) if on or after the date which is three months before the
earliest FATCA Application Date relating to any payment to the Facility Agent
under the Finance Documents, either:

(i)                
  the Facility Agent fails to
respond to a request under Clause 13.9 (FATCA Information) and ABB or a
Lender reasonably believes that the Facility Agent will not be (or will have
ceased to be) a FATCA Exempt Party on or after that FATCA Application Date;

(ii)             
  the information supplied by
the Facility Agent pursuant to Clause 13.9 (FATCA Information) indicates
that the Facility Agent will not be (or will have ceased to be) a FATCA Exempt
Party on or after that FATCA Application Date; or

	
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(iii)           
  the Facility Agent notifies
ABB and the Lenders that the Facility Agent will not be (or will have ceased to
be) a FATCA Exempt Party on or after that FATCA Application Date;

and
(in each case) ABB or a Lender reasonably believes that a Party will be
required to make a FATCA Deduction that would not be required if the Facility
Agent were a FATCA Exempt Party, and that Lender, by notice to the Facility
Agent, requires it to resign.

26.13       Replacement of an Agent

(a)              
  After consultation with ABB,
the Majority Lenders may, by giving 30 days' notice to an Agent (or, at any
time an Agent is an Impaired Agent, by giving any shorter notice determined by
the Majority Lenders) replace that Agent by appointing a successor Agent acting
out of an office in the relevant Required Location.  A successor Agent may only
be appointed with the prior consent of ABB (such consent not to be unreasonably
withheld or delayed).

(b)              
  The retiring Agent shall (at
its own cost if it is an Impaired Agent and otherwise at the expense of the
Lenders) make available to the successor Agent such documents and records and
provide such assistance as the successor Agent may reasonably request for the
purposes of performing its functions as Agent under the Finance Documents.

(c)              
  The appointment of a
successor Agent shall take effect on the date specified in the notice from the
Majority Lenders to the retiring Agent.  As from that date, the retiring Agent
shall be discharged from any further obligation in respect of the Finance
Documents but shall remain entitled to the benefit of this Clause 26 (and any
agency fees for the account of the retiring Agent shall cease to accrue from
(and shall be payable on) that date).

(d)              
  Any successor Agent and each
of the other Parties shall have the same rights and obligations amongst
themselves as they would have had if such successor had been an original Party.

26.14     
  Confidentiality

(a)              
  In acting as agent for the
Finance Parties, each Agent shall be regarded as acting through its agency division
which shall be treated as a separate entity from any other of its divisions or
departments.

(b)              
  If information is received
by another division or department of an Agent, it may be treated as
confidential to that division or department and such Agent shall not be deemed
to have notice of it.

(c)              
  Notwithstanding any other
provision of any Finance Document to the contrary, no Agent or Mandated Lead
Arranger is obliged to disclose to any other person (i) any confidential
information or (ii) any other information if the disclosure would 

	
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or might in its reasonable opinion constitute a breach
of any law or a breach of a fiduciary duty.

26.15     
  Relationship with the
Lenders

(a)              
  Subject to Clause 23.10 (Pro
rata interest settlement), each Agent may treat the person shown in its
records as Lender at the opening of business (in the place of the relevant
Agent's principal office as notified to the Finance Parties from time to time)
as the Lender acting through its Facility Office:

(i)                
  entitled to or liable for
any payment due under any Finance Document on that day; and

(ii)             
  entitled to receive and act
upon any notice, request, document or communication or make any decision or
determination under any Finance Document made or delivered on that day,

unless
it has received not less than 5 Business Days' prior notice from that Lender to
the contrary in accordance with the terms of this Agreement.

(b)              
  Any Lender may by notice to
the Facility Agent, appoint a person to receive on its behalf all notices,
communications, information and documents to be made or despatched to that
Lender under the Finance Documents.  Such notice shall contain the address, fax
number and (where communication by electronic mail or other electronic means is
permitted under paragraph (b) of Clause 31.1 (Communications in writing))
electronic mail address and/or any other information required to enable the transmission
of information by that means (and, in each case, the department or officer, if
any, for whose attention communication is to be made) and be treated as a
notification of a substitute address, fax number, electronic mail address (or
such other information), department and officer by that Lender for the purposes
of Clause 31.2 (Addresses) and paragraph (b) of Clause 31.1 (Communications
in writing) and each Agent shall be entitled to treat such person as the
person entitled to receive all such notices, communications, information and
documents as though that person were that Lender.

26.16     
  Credit appraisal by the
Lenders

Without affecting the responsibility of each Obligor for
information supplied by it or on its behalf in connection with any Finance
Document, each Lender confirms to each Agent and each Mandated Lead Arranger
that it has been, and will continue to be, solely responsible for making its
own independent appraisal and investigation of all risks arising under or in
connection with any Finance Document including but not limited to:

(a)              
  the financial condition,
status and nature of each Group Company;

(b)              
  the legality, validity,
effectiveness, adequacy or enforceability of any Finance Document and any other
agreement, arrangement or document entered into, made or executed in
anticipation of, under or in connection with any Finance Document;

	
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(c)              
  whether that Lender has
recourse, and the nature and extent of that recourse, against any Party or any
of its respective assets under or in connection with any Finance Document, the
transactions contemplated by the Finance Documents or any other agreement,
arrangement or document entered into, made or executed in anticipation of,
under or in connection with any Finance Document; and

(d)              
  the adequacy, accuracy or
completeness of the Information Package and any other information provided by
an Agent, any other Party or by any other person under or in connection with
any Finance Document, a Mandated Lead Arranger the transactions contemplated by
any Finance Document or any other agreement, arrangement or document entered
into, made or executed in anticipation of, under or in connection with any
Finance Document.

26.17     
  Deduction from amounts payable
by an Agent

If
any Party owes an amount to an Agent under the Finance Documents, the relevant
Agent may, after giving notice to that Party, deduct an amount not exceeding that
amount from any payment to that Party which such Agent would otherwise be
obliged to make under the Finance Documents and apply the amount deducted in or
towards satisfaction of the amount owed.  For the purposes of the Finance
Documents that Party shall be regarded as having received any amount so
deducted.

27.             
  Conduct of Business by the
Finance Parties

No provision of this Agreement will:

(a)              
  interfere with the right of
any Finance Party to arrange its affairs (tax or otherwise) in whatever manner
it thinks fit;

(b)              
  oblige any Finance Party to
investigate or claim any credit, relief, remission or repayment available to it
or the extent, order and manner of any claim; or

(c)              
  oblige any Finance Party to
disclose any information relating to its affairs (tax or otherwise) or any
computations in respect of Tax.

28.             
  Sharing among the Lenders

28.1         
  Payments to Lenders

If a Lender (a "Recovering Lender")
receives or recovers any amount from ABB or a Borrower other than in accordance
with Clause 29 (Payment Mechanics) (a "Recovered Amount")
and applies that amount to a payment due under the Finance Documents then:

(a)              
  the Recovering Lender shall,
within 3 Business Days, notify details of the receipt or recovery to the
Facility Agent;

(b)              
  the Facility Agent shall
determine whether the receipt or recovery is in excess of the amount the
Recovering Lender would have been paid had the receipt or 

	
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recovery
been received or made by the Facility Agent and distributed in accordance with
Clause 29 (Payment Mechanics), without taking account of any Tax which
would be imposed on the Facility Agent in relation to the receipt, recovery or
distribution; and

(c)              
  the Recovering Lender shall,
within three Business Days of demand by the Facility Agent, pay to the Facility
Agent an amount (the "Sharing Payment") equal to such receipt
or recovery less any amount which the Facility Agent determines may be retained
by the Recovering Lender as its share of any payment to be made, in accordance
with Clause 29.6 (Partial payments). 

28.2         
  Redistribution of payments

The
Facility Agent shall treat the Sharing Payment as if it had been paid by ABB or
the relevant Borrower (as the case may be) and distribute it between the
Finance Parties (other than the Recovering Lender) (the "Sharing
Finance Parties") in accordance with Clause 29.6 (Partial
payments) towards the obligations of that Obligor to the Sharing Finance
Parties.

28.3         
  Recovering Lender's rights

On
a distribution by the Facility Agent under Clause 28.2 (Redistribution of
payments) of a payment received by a Recovering Finance Party from an
Obligor, as between the relevant Obligor and the Recovering Finance Party, an
amount of the Recovered Amount equal to the Sharing Payment will be treated as
not having been paid by that Obligor.

28.4         
  Reversal of redistribution

If any part of the Sharing Payment received or recovered by
a Recovering Lender becomes repayable and is repaid by that Recovering Lender,
then:

(a)              
  each Sharing Finance Party shall,
upon request of the Facility Agent, pay to the Facility Agent for the account
of that Recovering Lender an amount equal to its share of the Sharing Payment
(together with an amount as is necessary to reimburse that Recovering Lender
for its proportion of any interest on the Sharing Payment which that Recovering
Lender is required to pay) (the "Redistributed Amount"); and

(b)              
  as between the relevant
Obligor and each relevant Sharing Finance Party, an amount equal to the
relevant Redistributed Amount will be treated as not having been paid by that
Obligor.

28.5         
  Exceptions

(a)              
  This Clause 28 shall not
apply to the extent that the Recovering Lender would not, after making any
payment pursuant to this Clause, have a valid and enforceable claim against ABB
or the relevant Borrower (as the case may be).

	
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(b)              
  A Recovering Lender is not
obliged to share with any other Finance Party any amount which the Recovering
Lender has received or recovered as a result of taking legal or arbitration
proceedings, if:

(i)                
  it notified the other
Lenders of the legal or arbitration proceedings; and

(ii)             
  the other Lender had an
opportunity to participate in those legal or arbitration proceedings but did
not do so as soon as reasonably practicable having received notice or did not
take separate legal or arbitration proceedings.

	
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SECTION 10

ADMINISTRATION

29.             
  Payment Mechanics

29.1         
  Payments to the Agents

(a)              
  For the purpose of this
Clause 29 a reference to the "Relevant Agent" means:

(i)                
  in relation to payments
under the Dollar Swingline Facility, the Dollar Swingline Agent;

(ii)             
  in relation to payments
under the Euro Swingline Facility, the Euro Swingline Agent; and

(iii)           
  for all other payments, the
Facility Agent.

(b)              
  On each date on which a
Borrower or a Lender is required to make a payment under a Finance Document,
such Borrower or, as the case may be, such Lender shall make the same available
to the Relevant Agent (unless a contrary indication appears in a Finance
Document) for value on the due date at the time and in such funds specified by
the Relevant Agent as being customary at the time for settlement of
transactions in the relevant currency in the place of payment.

(c)              
  Payment shall be made to
such account in the principal financial centre of the country of that currency
(or, in relation to Euro, in a principal financial centre in a Participating
Member State or London) with such bank as the Relevant Agent specifies.

29.2         
  Distributions by the Agents

Each
payment received by an Agent under the Finance Documents for another Party
shall, subject to Clause 29.3 (Distributions to the Obligors) and Clause
29.4 (Clawback and pre-funding) be made available by such Agent as soon
as practicable after receipt to the Party entitled to receive payment in
accordance with this Agreement (in the case of a Lender, for the account of its
Facility Office), to such account as that Party may notify to the relevant
Agent by not less than 5 Business Days' notice with a bank in the principal
financial centre of the country of that currency (or, in relation to Euro, in
the principal financial centre of a Participating Member State or London).

29.3         
  Distributions to the
Obligors

An
Agent may (with the consent of ABB or the relevant Borrower (as the case may
be) or in accordance with Clause 30 (Set-Off)) apply any amount received
by it for ABB or that Borrower in or towards payment (on the date and in the
currency and funds of receipt) of any amount due from ABB or that Borrower (as
the case may be) under the Finance Documents or in or towards purchase of any
amount of any currency to be so applied.

	
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29.4         
  Clawback and pre-funding

(a)              
  Where a sum is to be paid to
an Agent under the Finance Documents for another Party, such Agent is not
obliged to pay that sum to that other Party (or to enter into or perform any
related exchange contract) until it has been able to establish to its absolute
satisfaction that it has actually received that sum (and such Agent shall make
such due enquiry as a diligent agent would make in so establishing).

(b)              
  If an Agent pays an amount
to another Party and it proves to be the case that such Agent had not actually
received that amount, then the Party to whom that amount (or the proceeds of
any related exchange contract) was paid by such Agent shall on demand refund
the same to such Agent together with interest on that amount from the date of
payment to the date of receipt by such Agent, calculated by such Agent to
reflect its cost of funds.

(c)              
  If an Agent has notified the
Lenders that it is willing to make available amounts for the account of a Borrower
before receiving funds from the Lenders then if and to the extent that an Agent
does so but it proves to be the case that it does not then receive funds from a
Lender in respect of a sum which it paid to a Borrower:

(i)                
  the Agent shall notify ABB
of that Lender's identity, and the Borrower to whom that sum was made available
shall on demand refund it to the Agent; and

(ii)             
  the Lender by whom those
funds should have been made available shall on demand pay to the Agent the
amount (as certified by the Agent) which will indemnify the Agent against any
funding cost incurred by it as a result of paying out that sum before receiving
those funds from that Lender.

(d)              
  In the event that a Lender
fails to make its participation in an Advance available to the Relevant Agent
(as defined in Clause 29.1 (Payments to the Agents)) in accordance with
the terms of this Agreement, such Lender hereby indemnifies the Relevant Agent
on demand against all costs, losses and expenses that the Relevant Agent may
incur as a result of such failure (including, without limitation, where the
Relevant Agent, at its sole option, makes arrangements to make available to the
relevant Borrower an amount equal to said participation).

(e)              
  For the purposes of
paragraph (d) of this Clause 29.4, if a Lender makes its participation
available to the Relevant Agent after 3.00 p.m. (London time) or, in the case
of a Dollar Swingline Advance, 3.00 p.m. (New York time) on the due date, such
participation shall be deemed to have been made available on the Business Day
immediately succeeding the said due date.

	
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29.5         
  Impaired Agents

(a)              
   

(i)                
  If, at any time, an Agent
becomes an Impaired Agent, an Obligor or a Lender which is required to make a
payment under the Finance Documents to that Agent in accordance with Clause 29.1
(Payments to the Agents) may (or shall, in the case of a payment by a
Lender if paragraph (ii) below applies) instead pay that amount direct to the
required recipient or (except where paragraph (ii) below applies) pay that
amount to an interest-bearing account held with an Acceptable Bank in relation
to which no Insolvency Event has occurred and is continuing, in the name of the
Obligor or the Lender making the payment and designated as a trust account for
the benefit of the Party or Parties beneficially entitled to that payment under
the Finance Documents.  In each case such payments must be made on the due date
for payment under the Finance Documents.

(ii)             
  This paragraph (ii) applies in relation to a payment by a
Lender if ABB has notified that Lender in writing on or before the date falling
3 Business Day prior to the date for payment (or 1 Business Day prior to the
date for payment in respect of any Swingline Advance), that the relevant Agent
is an Impaired Agent and that this paragraph (ii) applies to such payment.

(b)              
  All interest accrued on the
amount standing to the credit of the trust account shall be for the benefit of
the beneficiaries of that trust account pro rata to their respective
entitlements.

(c)              
  A Party which has made a
payment in accordance with this Clause 29.5 shall be discharged of the relevant
payment obligation under the Finance Documents and shall not take any credit
risk with respect to the amounts standing to the credit of the trust account.

(d)              
  Promptly upon the
appointment of a successor Agent in accordance with Clause 26.12 (Resignation
of an Agent) or 26.13 (Replacement of an Agent), each Party which
has made a payment to a trust account in accordance with this Clause 29.5 shall
give all requisite instructions to the bank with whom the trust account is held
to transfer the amount (together with any accrued interest) to the successor
Agent for distribution in accordance with Clause 29.2 (Distributions by the
Agents). 

(e)              
  In this Clause 29.5 "Acceptable
Bank" means a bank which has a rating for its long-term unsecured and
non credit-enhanced debt obligations of A- or higher by Standard & Poor's
Rating Services or A3 or higher by Moody's Investor Services Limited.

(f)               
  Each Agent shall notify ABB,
the other Agents and the Lenders promptly after becoming an Impaired Agent.

	
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29.6         
  Partial payments

(a)              
  If an Agent receives a
payment that is insufficient to discharge all the amounts then due and payable
by ABB or the Borrowers under the Finance Documents, such Agent shall apply
that payment towards the obligations of the Obligors under the Finance
Documents in the following order:

(i)                
  first, in or towards payment pro rata of any
unpaid fees, costs and expenses of the Agents under the Finance Documents;

(ii)             
  secondly, in or towards payment pro rata of any
accrued interest or commission due but unpaid under this Agreement;

(iii)           
  thirdly, in or towards payment pro rata of any
principal due but unpaid under this Agreement; and

(iv)            
  fourthly, in or towards payment pro rata of any
other sum due but unpaid under the Finance Documents.

(b)              
  The Facility Agent shall, if
so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii)
to (iv) above.

(c)              
  Paragraphs (a) and (b) above
will override any appropriation made by ABB or any Borrower.

29.7         
  No set-off by Obligors

All
payments to be made by ABB or the Borrowers under the Finance Documents shall
be calculated and be made without (and free and clear of any deduction for)
set-off or counterclaim.

29.8         
  Business Days

(a)              
  Any payment which is due to
be made on a day that is not a Business Day shall be made on the next Business
Day in the same calendar month (if there is one) or the preceding Business Day
(if there is not).

(b)              
  During any extension of the
due date for payment of any principal or an Unpaid Sum under this Agreement
interest is payable on the principal at the rate payable on the original due
date.

29.9         
  Currency of account

(a)              
  Subject to paragraphs (b) to
(e) below, the Base Currency is the currency of account and payment for any sum
due from ABB or the Borrowers under any Finance Document.

	
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(b)              
  A repayment of an Advance or
Unpaid Sum or a part of an Advance or Unpaid Sum shall be made in the currency
in which that Advance or Unpaid Sum is denominated on its due date.

(c)              
  Each payment of interest
shall be made in the currency in which the sum in respect of which the interest
is payable was denominated when that interest accrued.

(d)              
  Each payment in respect of
costs, expenses or Taxes shall be made in the currency in which the costs,
expenses or Taxes are incurred.

(e)              
  Any amount expressed to be
payable in a currency other than the Base Currency shall be paid in that other
currency.

29.10       Change of currency

(a)              
  Unless otherwise prohibited
by law, if more than one currency or currency unit are at the same time
recognised by the central bank of any country as the lawful currency of that country,
then:

(i)                
  any reference in the Finance
Documents to, and any obligations arising under the Finance Documents in, the
currency of that country shall be translated into, or paid in, the currency or
currency unit of that country designated by the Facility Agent (after
consultation with ABB); and

(ii)             
  any translation from one
currency or currency unit to another shall be at the official rate of exchange
recognised by the central bank for the conversion of that currency or currency
unit into the other, rounded up or down by the Facility Agent (acting
reasonably).

(b)              
  If a change in any currency
of a country occurs, this Agreement will, to the extent the Facility Agent
(acting reasonably and after consultation with ABB) specifies to be necessary,
be amended to comply with any generally accepted conventions and market
practice in the Relevant Market and otherwise to reflect the change in
currency.

30.             
  Set-Off

Without
prejudice to the rights at law of each Finance Party, while an Event of Default
is continuing, a Finance Party may set off any matured obligation due from ABB
or the Borrowers under the Finance Documents (to the extent beneficially owned
by that Finance Party) against any matured obligation owed by that Finance
Party to ABB or the Borrowers, regardless of the place of payment, booking
branch or currency of either obligation.  If the obligations are in different
currencies, the Finance Party may convert either obligation at a market rate of
exchange in its usual course of business for the purpose of the set-off.

	
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31.             
  Notices

31.1         
  Communications in writing

(a)              
  Any communication to be made
under or in connection with the Finance Documents shall be made in writing and,
unless otherwise stated, may be made by fax or letter.

(b)              
  With the consent of the
relevant Lender, the Agents may serve notices and other information on a Lender
by way of electronic mail.

31.2         
  Addresses

(a)              
  The address and fax number
(and the department or officer, if any, for whose attention the communication
is to be made) of each Party for any communication or document to be made or
delivered under or in connection with the Finance Documents is:

(i)                
  in the case of the Original
Obligors, that identified in Part IV (The Original Obligors) of Schedule
1, with a copy to ABB;

(ii)             
  in the case of ABB, that
identified in Part IV (The Original Obligors) of Schedule 1;

(iii)           
  in the case of an Additional
Borrower, that identified in the Borrower Accession Letter relating to that
Additional Borrower, with a copy to ABB;

(iv)            
  in the case of each Lender,
that notified in writing to the Facility Agent on or prior to the date on which
it becomes a Party; and

(v)              
  in the case of an Agent,
that identified in paragraph (b) below,

or
any substitute address, fax number or department or officer as the Party may
notify to the Facility Agent (or the Facility Agent may notify to the other
Parties, if a change is made by the Facility Agent) by not less than 5 Business
Days' notice.

(b)              
   

(i)                
  the Facility Agent:

Citibank Europe plc, UK
Branch

EMEA Loans Agency

5th Floor Citigroup
Centre

Mail drop CGC2 05-65

25 Canada Square

London E14 5LB

	
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United Kingdom

Fax:     +44
20 7492 3980 / +44 20 7492 3980

(ii)             
  the Dollar Swingline Agent:

Citibank, N.A.

Global Loans

1615 Brett Road, Ops III

New Castle, DE 19720

GLAgentOfficeOps@citi.com

Fax:     +1
212 994 0961

(iii)           
  the Euro Swingline Agent:

Citibank Europe plc, UK
Branch

EMEA Loans Agency

5th Floor
Citigroup Centre

Mail drop CGC2 05-65

25 Canada Square

London E14 5LB

United
Kingdom

Fax:     +44
20 7492 3980 / +44 20 7492 3980

31.3         
  Delivery

(a)              
  Any communication or
document made or delivered by one person to another under or in connection with
the Finance Documents will only be effective:

(i)                
  if by way of fax, when
received in legible form; or

(ii)             
  if by way of letter, when it
has been left at the relevant address or 5 (in the case of domestic mail) or 10
(in the case of air mail) Business Days after being deposited in the post
postage prepaid in an envelope addressed to it at that address; or

(iii)           
  if by way of electronic
mail, when received.

and,
if a particular department or officer is specified as part of its address
details provided under Clause 31.2 (Addresses), if addressed to that
department or officer, provided that if receipt is on a day that is not
a working day in the country of receipt or is at a time outside normal business
hours, such communication shall be effective on the next succeeding working
day.

(b)              
  Any communication or
document to be made or delivered to an Agent will be effective only when
actually received by such Agent and then only if it is 

	
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expressly
marked for the attention of the department or officer identified in Clause 31.2
(Addresses) (or any substitute department or officer as the relevant
Agent shall specify for this purpose).

(c)              
  All notices from or to an
Obligor shall be sent through the Facility Agent.

31.4         
  Notification of address and
fax number

Promptly
upon changing its address or fax number, each Agent shall notify the other
Parties.

31.5         
  Electronic communication

(a)              
  Any communication to be made
between any two Parties under or in connection with the Finance Documents may
be made by electronic mail or other electronic means to the extent that those
two Parties agree that, unless and until notified to the contrary, this is to
be an accepted form of communication and if those two Parties:

(i)                
  notify each other in writing
of their electronic mail address and/or any other information required to
enable the sending and receipt of information by that means; and

(ii)             
  notify each other of any
change to their address or any other such information supplied by them by not
less than five Business Days' notice.

(b)              
  Any electronic communication
made between those two Parties will be effective only when actually received
during a Business Day in readable form and in the case of any electronic
communication made by a Party to an Agent only if it is addressed in such a
manner as such Agent shall specify for this purpose.

(c)              
  Any electronic communication
which becomes effective, in accordance with paragraph (b) above, after 5.00
p.m. in the place of receipt shall be deemed only to become effective on the
following Business Day.

(d)              
  Any reference in a Finance
Document to a communication being sent or received shall be construed to include
that communication being made available in accordance with this Clause 31.5.

31.6         
  Communication when an Agent
is an Impaired Agent

If
an Agent is an Impaired Agent the Parties may, instead of communicating with
each other through that Agent, communicate with each other directly and (while
that Agent is an Impaired Agent) all the provisions of the Finance Documents
which require communications to be made or notices to be given to or by that
Agent shall be varied so that communications may be made and notices given to
or by the relevant Parties directly.  This provision shall not operate after a
replacement Agent has been appointed.

	
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31.7         
  English language

(a)              
  Any notice given under or in
connection with any Finance Document must be in English.

(b)              
  All other documents provided
under or in connection with any Finance Document must be:

(i)                
  in English; or

(ii)             
  if not in English, and if so
required by the Facility Agent, accompanied by a certified English translation.

32.             
  Calculation and Certificates

32.1         
  Accounts

In
any litigation or arbitration proceedings arising out of or in connection with
a Finance Document, the entries made in the accounts maintained by a Finance
Party are prima facie evidence of the matters to which they relate.

32.2         
  Certificates and
Determinations

Except
where otherwise indicated, any certification or determination by a Finance
Party of a rate or amount under any Finance Document is, in the absence of
manifest error, conclusive evidence of the matters to which it relates.

32.3         
  Day count convention

Any
interest, commission or fee accruing under a Finance Document will accrue from
day to day and is calculated on the basis of the actual number of days elapsed
and a year of 360 days or, in any case where the practice in the Relevant
Market differs, in accordance with that market practice.

33.             
  Partial Invalidity

If,
at any time, any provision of the Finance Documents is or becomes illegal,
invalid or unenforceable in any respect under any law of any jurisdiction,
neither the legality, validity or enforceability of the remaining provisions
nor the legality, validity or enforceability of such provision under the law of
any other jurisdiction will in any way be affected or impaired.

34.             
  Remedies and Waivers

No
failure to exercise, nor any delay in exercising, on the part of any Finance
Party, any right or remedy under the Finance Documents shall operate as a
waiver, nor shall any single or partial exercise of any right or remedy prevent
any further or other exercise or the exercise of any other right or remedy. 
The rights and remedies provided in this Agreement are cumulative and not
exclusive of any rights or remedies provided by law.

	
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35.             
  Amendments and Waivers

35.1         
  Required consents

(a)              
  Subject to Clause 35.2 (Exceptions)
any term of the Finance Documents may be amended or waived only with the
consent of the Majority Lenders and ABB and any such amendment or waiver will
be binding on all Parties.

(b)              
  The Facility Agent may
effect (and is hereby so authorised by each Finance Party), on behalf of any
Finance Party, any amendment or waiver permitted by this Clause.

35.2         
  All Lender matters

Subject
to Clause 35.7 (Replacement of Screen Rate) an  amendment or waiver of
any term of any Finance Document that has the effect of changing or which
relates to:

(a)              
  the definition of "Majority
Lenders" in Clause 1.1 (Definitions); 

(b)              
  an extension to the date of
payment of any amount under the Finance Documents;

(c)              
  a reduction in the Margin or
the amount of any payment of principal, interest, fees or commission payable;

(d)              
  an increase in any
Commitment or Swingline Commitment other than an increase made in accordance
with Clause 2.2 (Increase of Commitments); 

(e)              
  any change to the Obligors
other than in accordance with Clause 25 (Changes to the Obligors); 

(f)               
  any provision which expressly
requires the consent of all the Lenders;

(g)              
  Clause 2.4 (Finance
Parties' rights and obligations), Clause 4.2 (Further conditions
precedent), Clause 5.1 (delivery of a Utilisation Request), Clause 8.1
(Lender Illegality), Clause 8.3 (Mandatory Prepayment on Change of
Control), Clause 8.4 (Mandatory Prepayment on Sanctions
Misrepresentation or Anti-Bribery and Corruption Misrepresentation), Clause
23 (Changes to the Lenders), Clause 25 (Changes to the Obligors),
Clause 28 (Sharing among the Lenders), this Clause 35, Clause 38 (Governing
Law) or Clause 39 (Enforcement); 

(h)              
  the nature or scope of the
guarantee and indemnity granted under Clause 18 (Guarantee and Indemnity), 

shall
not be made without the prior consent of all the Lenders.

	
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35.3         
  Other exceptions

An amendment or waiver which relates to the rights or
obligations of any Agent or any Mandated Lead Arranger (each in their capacity
as such) may not be effected without the consent of such Agent, such Mandated
Lead Arranger.

35.4         
  Restricted Lenders

Clause
8.4 (Mandatory Prepayment on Sanctions Misrepresentation) and/or Clause 19.14
(Sanctions) and/or Clause 21.9 (Economic Sanctions) (together,
the "Sanctions Provisions") shall only apply or, as
applicable, be given to the extent that it would not result in (i) any
violation of, conflict with or liability under EU Regulation (EC) 2271/96 or
(ii) a violation or conflict with section 7 foreign trade rules (AWV) (Außenwirtschaftsverordnung)
(in connection with section 4 paragraph 1 a no. 3 foreign trade law (AWG) (Außenwirtschaftsgesetz))
or a similar anti-boycott statute.  In connection with any amendment, waiver,
determination or direction relating to any part of a Sanctions Provision of
which a Lender does not have the benefit (and where the Lender has notified the
Facility Agent to this effect), the Commitments of that Lender will be excluded
for the purpose of determining whether the consent of the Majority Lenders has
been obtained or whether the determination or direction by the Majority Lenders
has been made.

35.5         
  Disenfranchisement of
Defaulting Lenders

(a)              
  For so long as a Defaulting
Lender has any Commitment, in ascertaining the Majority Lenders or whether any
given percentage (including, for the avoidance of doubt, unanimity) of the
Total Commitments has been obtained to approve any request for a consent,
waiver, amendment or other vote under the Finance Documents:

(i)                
  that Defaulting Lender's
Commitments will be reduced by the amount of its Available Commitments; and

(ii)             
  that Defaulting Lender's
Commitments will be ignored if that Defaulting Lender fails to respond to a
request for a waiver or amendment within the time period specified by ABB and
(unless it is an Impaired Agent) the Facility Agent.

(b)              
  For the purposes of this
Clause 35.5, the Facility Agent may assume that the following Lenders are
Defaulting Lenders:

(i)                
  any Lender which has
notified the Facility Agent that it has become a Defaulting Lender (and each
Lender shall notify the Facility Agent and ABB promptly after becoming a
Defaulting Lender);

(ii)             
  any Lender in relation to
which it is aware that any of the events or circumstances referred to in
paragraphs (a), (b) or (c) of the definition of "Defaulting Lender"
has occurred,

	
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unless it has received notice to the contrary
from the Lender concerned (together with any supporting evidence reasonably
requested by the Facility Agent) or the Facility Agent is otherwise aware that
the Lender has ceased to be a Defaulting Lender.

35.6         
  Replacement of a Defaulting
Lender

(a)              
  ABB may, at any time a
Lender has become and continues to be a Defaulting Lender, by giving 5 Business
Days' prior written notice to the Facility Agent and such Lender:

(i)                
  replace such Lender and any
Revolving Facility Affiliate or Swingline Affiliate of that Lender by requiring
such Lender and any such Revolving Facility Affiliate or Swingline Affiliate to
(and to the extent permitted by law that Lender or Revolving Facility Affiliate
or Swingline Affiliate shall) transfer pursuant to Clause 23 (Changes to the
Lenders) all (and, save to the extent provided for in this Clause, not part
only) of its rights and obligations under this Agreement (including in respect
of any Separate Advances); or

(ii)             
  require such Lender and/or
its Revolving Facility Affiliate or Swingline Affiliate to (and to the extent
permitted by law such Lender or Revolving Facility Affiliate of Swingline
Affiliate shall) transfer pursuant to Clause 23 (Changes to the Lenders)
all (and, save to the extent provided for in this Clause, not part only) of the
undrawn Commitment and/or Swingline Commitment of such Lender and/or its
Revolving Facility Affiliate or Swingline Affiliate,

to
a Lender or other bank (a "Replacement Lender") selected by
ABB, and which confirms its willingness to assume and does assume all the
obligations or all the relevant obligations of the transferring Lender,
Revolving Facility Affiliate or Swingline Affiliate (including the assumption
of participations or unfunded participations (as the case may be) of the
transferor on the same basis as the transferor) for a purchase price in cash
payable at the time of transfer equal to the outstanding principal amount of
such Lender's or Revolving Facility Affiliate's or Swingline Affiliate's
participation in the outstanding Advances and all accrued interest (to the
extent that the Facility Agent has not given a notification under Clause 23.10
(Pro rata interest settlement), Break Costs and other amounts payable in
relation thereto under the Finance Documents.  Where a Lender to be replaced pursuant
to this paragraph is a Swingline Lender that is the Swingline Affiliate of
another Lender, the rights and obligations required to be transferred pursuant
to this Clause by that other Lender in its capacity as the Revolving Facility
Affiliate of that Swingline Lender may, at the option of ABB, be limited to
those necessary for the Commitments of the replacement Lender (or its
Affiliate) to be at least equal to each of the Swingline Commitments to be
transferred to such replacement Lender pursuant to this Clause.

	
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(b)              
  Any transfer of rights and
obligations of a Lender pursuant to this Clause shall be subject to the
following conditions:

(i)                
  ABB shall have no right to
replace an Agent;

(ii)             
  no Agent nor the Defaulting
Lender nor any other Finance Party shall have any obligation to find a Replacement
Lender;

(iii)           
  the transfer must take place
no later than 20 days after the notice referred to in paragraph (a) above; and

(iv)            
  in no event shall the
Defaulting Lender be required to pay or surrender to the Replacement Lender any
of the fees received by the Defaulting Lender pursuant to the Finance
Documents.

35.7         
  Replacement of Screen Rate

(a)              
  Subject to Clause 35.3 (Other
exceptions), if a Screen Rate Replacement Event has occurred in relation to
any Screen Rate for a currency which can be selected for an Advance,  any
amendment or waiver which relates to:

(i)                
  providing for the use of a
Replacement Benchmark in relation to that currency in place of that  Screen
Rate; and

(ii)             
   

(A)            
  aligning any provision of
any Finance Document to the use of that Replacement Benchmark;

(B)             
  enabling that Replacement
Benchmark to be used for the calculation of interest under this Agreement
(including, without limitation, any consequential changes required to enable
that Replacement Benchmark to be used for the purposes of this Agreement);

(C)             
  implementing market
conventions applicable to that Replacement Benchmark;

(D)            
  providing for appropriate
fallback (and market disruption) provisions for that Replacement Benchmark; or

(E)             
  adjusting the pricing to
reduce or eliminate, to the extent reasonably practicable, any transfer of
economic value from one Party to another as a result of the application of that
Replacement Benchmark (and if any adjustment or method for calculating any
adjustment has been formally designated, nominated or recommended by the
Relevant Nominating Body, the adjustment 

	
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shall be
determined on the basis of that designation, nomination or recommendation),

may be made with the consent of the Facility
Agent (acting on the instructions of the Majority Lenders) and ABB.

(b)              
  If any Lender fails to
respond to a request for an amendment or waiver described in paragraph (a)
above within ten (10) Business Days (or such longer time period in relation to
any request which ABB and the Facility Agent may agree) of that request being
made:

(i)                
  its Commitments shall not be
included for the purpose of calculating the Total Commitments under the
Facility when ascertaining whether any relevant percentage of Total Commitments
has been obtained to approve that request; and

(ii)             
  its status as a Lender shall
be disregarded for the purpose of ascertaining whether the agreement of any
specified group of Lenders has been obtained to approve that request.

36.             
  Bail-in

36.1         
  Contractual recognition of
bail-in

Notwithstanding
any other term of any Finance Document or any other agreement, arrangement or
understanding between the Parties, each Party acknowledges and accepts that any
liability of any Party to any other Party under or in connection with the
Finance Documents may be subject to Bail-In Action by the relevant Resolution
Authority and acknowledges and accepts to be bound by the effect of:

(a)              
  any Bail-In Action in relation
to any such liability, including (without limitation):

(i)                
  a reduction, in full or in
part, in the principal amount, or outstanding amount due (including any accrued
but unpaid interest) in respect of any such liability;

(ii)             
  a conversion of all, or part
of, any such liability into shares or other instruments of ownership that may
be issued to, or conferred on, it; and

(iii)           
  a cancellation of any such
liability; and

(b)              
  a variation of any term of
any Finance Document to the extent necessary to give effect to any Bail-In
Action in relation to any such liability.

36.2         
  Bail-In definitions

In
this Clause 36:

	
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"Article 55 BRRD" means Article
55 of Directive 2014/59/EU establishing a framework for the recovery and
resolution of credit institutions and investment firms.

"Bail-In
Action" means the exercise of any Write-down and Conversion Powers.

"Bail-In
Legislation" means:

(a)              
  in relation to an EEA Member
Country which has implemented, or which at any time implements, Article 55
BRRD, the relevant implementing law or regulation as described in the EU
Bail-In Legislation Schedule  from time to time; and

(b)              
  in relation to any state
other than such an EEA Member Country or (to the extent that the United Kingdom
is not such an EEA Member Country) the United Kingdom, any analogous law or
regulation from time to time which requires contractual recognition of any Write-down
and Conversion Powers contained in that law or regulation.

"EEA Member Country" means any member
state of the European Union, Iceland, Liechtenstein and Norway.

"EU Bail-In Legislation Schedule" means
the document described as such and published by the Loan Market Association (or
any successor person) from time to time.

"Resolution Authority" means any body
which has authority to exercise any Write-down and Conversion Powers.

"UK Bail-In Legislation" means (to the
extent that the United Kingdom is not an EEA Member Country which has
implemented, or implements, Article 55 BRRD) Part I of the United Kingdom
Banking Act 2009 and any other law or regulation applicable in the United
Kingdom relating to the resolution of unsound or failing banks, investment
firms or other financial institutions or their affiliates (otherwise than
through liquidation, administration or other insolvency proceedings).

"Write-down and Conversion Powers" means:

(a)              
  in relation to any Bail-In
Legislation described in the EU Bail-In Legislation Schedule from time to time,
the powers described as such in relation to that Bail-In Legislation in the EU
Bail-In Legislation Schedule;

(b)              
  in relation to any other
applicable Bail-In Legislation:

(i)                
  any powers under that
Bail-In Legislation to cancel, transfer or dilute shares issued by a person
that is a bank or investment firm or other financial institution or affiliate
of a bank, investment firm or other financial institution, to cancel, reduce,
modify or change the form of a liability of such a person or any contract or
instrument under which that liability arises, to convert all or part of that
liability into shares, securities or obligations of that person or any other
person, to provide that any such 

	
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contract or
instrument is to have effect as if a right had been exercised under it or to
suspend any obligation in respect of that liability or any of the powers under
that Bail-In Legislation that are related to or ancillary to any of those
powers; and

(ii)             
  any similar or analogous
powers under that Bail-In Legislation; and

(c)              
  in relation to any UK
Bail-In Legislation:

(i)                
  any powers under that UK
Bail-In Legislation to cancel, transfer or dilute shares issued by a person
that is a bank or investment firm or other financial institution or affiliate
of a bank, investment firm or other financial institution, to cancel, reduce,
modify or change the form of a liability of such a person or any contract or
instrument under which that liability arises, to convert all or part of that
liability into shares, securities or obligations of that person or any other
person, to provide that any such contract or instrument is to have effect as if
a right had been exercised under it or to suspend any obligation in respect of
that liability or any of the powers under that UK Bail-In Legislation that are
related to or ancillary to any of those powers; and 

(ii)             
  any similar or analogous
powers under that UK Bail-In Legislation.

37.             
  Counterparts

Each
Finance Document may be executed in any number of counterparts, and this has
the same effect as if the signatures on the counterparts were on a single copy
of the Finance Document.

	
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SECTION 11

GOVERNING LAW AND ENFORCEMENT

38.             
  Governing Law

This
Agreement and any non-contractual obligations arising out of or in connection
with it are governed by English law.

39.             
  Enforcement

39.1         
  Jurisdiction

(a)              
  The courts of England have
exclusive jurisdiction to settle any dispute arising out of or in connection
with this Agreement (including a dispute relating to the existence, validity or
termination of this Agreement or any non-contractual obligations arising out of
or in connection with this Agreement) (a "Dispute"). 

(b)              
  The Parties agree that the
courts of England are the most appropriate and convenient courts to settle
Disputes and accordingly no Party will argue to the contrary.

(c)              
  This Clause 39 is for the
benefit of the Finance Parties only.  As a result, no Finance Party shall be
prevented from taking proceedings relating to a Dispute ("Proceedings")
in any other courts with jurisdiction.

(d)              
  If ABB Finance B.V. is
represented by an attorney or attorneys in connection with the signing and/or
execution and/or delivery of this Agreement or any agreement or document
referred to herein or made pursuant hereto and the relevant power or powers of
attorney is or are expressed to be governed by the laws of a particular
jurisdiction, it is hereby expressly acknowledged and accepted by the other
parties hereto that such laws shall govern the existence and extent of such
attorney's or attorneys' authority and the effects of the exercise thereof.

(e)              
  ABB and each Borrower
incorporated in a jurisdiction other than England and Wales agree that the
documents which start any Proceedings in England and any other documents
required to be served in relation to those Proceedings may be served on ABB
Limited, at Daresbury Park, Daresbury, Warrington WA4 4BT, Cheshire, United
Kingdom or, if different, its registered office, with a copy to ABB.  If the
appointment of the person mentioned in this paragraph (e) ceases to be
effective, ABB and each Borrower shall immediately appoint another person in
England to accept service of process on its behalf in England.  If ABB or any
Borrower fails to do so (and such failure continues for a period of not less
than fourteen days), the Facility Agent shall be entitled to appoint such a
person by notice to ABB or the relevant Borrower (as the case may be).  Nothing
contained herein shall restrict the right to serve process in any other manner
allowed by law.

THIS AGREEMENT has been
entered into on the date stated at the beginning of this Agreement.

	
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Schedule 1

Part I

The Original Lenders

	
   
   Name

   

   	

   Commitment ($)

   

   
	
  Citibank, N.A., London
  Branch

  	
  105,694,444.50

  
	
  Bank of America Merrill
  Lynch International Designated Activity Company

  	
  105,694,444.50

  
	
  Barclays Bank PLC

  	
  105,694,444.50

  
	
  BNP Paribas (Suisse) SA

  	
  105,694,444.50

  
	
  CA Indosuez (Switzerland)
  SA

  	
  105,694,444.50

  
	
  Credit Suisse (Switzerland)
  Ltd.

  	
  105,694,444.50

  
	
  Deutsche Bank Luxembourg S.A.

  	
  105,694,444.50

  
	
  Goldman Sachs Bank USA

  	
  105,694,444.50

  
	
  HSBC Bank plc

  	
  105,694,444.50

  
	
  ING Belgium, Brussels,
  Lancy/Geneva Branch

  	
  105,694,444.50

  
	
  JPMorgan Chase Bank, N.A.,
  London Branch

  	
  105,694,444.50

  
	
  Nordea Bank Abp, filial i
  Sverige

  	
  105,694,444.50

  
	
  Banco Santander, S.A.

  	
  105,694,444.50

  
	
  Standard Chartered Bank

  	
  105,694,444.50

  
	
  Skandinaviska Enskilda
  Banken AB (publ)

  	
  105,694,444.50

  
	
  Société Générale S.A. Frankfurt
  Branch

  	
  105,694,444.50

  
	
  UBS Switzerland AG

  	
  105,694,444.00

  
	
  UniCredit Bank AG

  	
  105,694,444.00

  
	
  China Construction Bank
  Corporation, Beijing, Swiss Branch Zurich

  	
  97,500,000.00

  
	
   

  	

   

  

  
	
  Total..................................................................................................... 

  	

  2,000,000,000

  

  

 

 

 

	
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Part II

The Dollar Swingline Lenders

	
   
   Name

   

   	

   Dollar Swingline Commitment ($)

   

   
	
  Citibank, N.A.

  	
  39,633,333.39

  
	
  Bank of America N.A.

  	
  39,633,333.33

  
	
  Barclays Bank PLC

  	
  39,633,333.33

  
	
  BNP Paribas (Suisse) SA

  	
  39,633,333.33

  
	
  CA Indosuez (Switzerland)
  SA

  	
  39,633,333.33

  
	
  Credit Suisse AG, Cayman
  Islands Branch

  	
  39,633,333.33

  
	
  Deutsche Bank AG New York
  Branch

  	
  39,633,333.33

  
	
  Goldman Sachs Bank USA

  	
  39,633,333.33

  
	
  HSBC Bank plc

  	
  39,633,333.33

  
	
  ING Belgium, Brussels,
  Lancy/Geneva Branch

  	
  39,633,333.33

  
	
  JPMorgan Chase Bank, N.A.

  	
  39,633,333.33

  
	
  Nordea Bank Abp, filial i
  Sverige

  	
  39,633,333.33

  
	
  Banco Santander, S.A.

  	
  39,633,333.33

  
	
  Standard Chartered Bank

  	
  39,633,333.33

  
	
  Skandinaviska Enskilda
  Banken AB (publ)

  	
  39,633,333.33

  
	
  Société Générale

  	
  39,633,333.33

  
	
  UBS AG, Stamford Branch

  	
  39,633,333.33

  
	
  UniCredit Bank AG

  	
  39,633,333.33

  
	
  China Construction Bank
  Corporation, Beijing, Swiss Branch Zurich

  	
  36,600,000.00

  
	
   

  	

   

  

  
	
  Total..................................................................................................... 

  	

  750,000,000

  

  

 

 

	
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Part III

The
Euro Swingline Lenders

	
   
   Name

   

   	

   Euro Swingline Commitment ($)

   

   
	
  Citibank, N.A., London
  Branch

  	
  39,633,333.39

  
	
  Bank of America Merrill Lynch
  International Designated Activity Company

  	
  39,633,333.33

  
	
  Barclays Bank PLC

  	
  39,633,333.33

  
	
  BNP Paribas (Suisse) SA

  	
  39,633,333.33

  
	
  CA Indosuez (Switzerland)
  SA

  	
  39,633,333.33

  
	
  Credit Suisse (Switzerland)
  Ltd.

  	
  39,633,333.33

  
	
  Deutsche Bank Luxembourg S.A.

  	
  39,633,333.33

  
	
  Goldman Sachs Bank USA

  	
  39,633,333.33

  
	
  HSBC Bank plc

  	
  39,633,333.33

  
	
  ING Belgium, Brussels,
  Lancy/Geneva Branch

  	
  39,633,333.33

  
	
  JPMorgan Chase Bank, N.A.,
  London Branch

  	
  39,633,333.33

  
	
  Nordea Bank Abp, filial i
  Sverige

  	
  39,633,333.33

  
	
  Banco Santander, S.A.

  	
  39,633,333.33

  
	
  Standard Chartered Bank

  	
  39,633,333.33

  
	
  Skandinaviska Enskilda
  Banken AB (publ)

  	
  39,633,333.33

  
	
  Société Générale S.A.
  Frankfurt Branch

  	
  39,633,333.33

  
	
  UBS Switzerland AG

  	
  39,633,333.33

  
	
  UniCredit Bank AG

  	
  39,633,333.33

  
	
  China Construction Bank
  Corporation, Beijing, Swiss Branch Zurich

  	
  36,600,000.00

  
	
   

  	

   

  

  
	
  Total..................................................................................................... 

  	

  750,000,000

  

  

 

 

 

	
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Part IV

The Original Obligors

	
   
   Name of
   Original Borrower

   

   	

   Address

   

   	

   Jurisdiction
   of incorporation

   

   
	
  ABB Finance
  B.V.

  	
  George Hintzenweg 81

  	
  Netherlands

  
	
   

  	
  3068 AX Rotterdam

  	
   

  
	
   

  	
  The
  Netherlands

  	
   

  
	
   

  	
  Attention:        Business Administration

  	
   

  
	
   

  	
  E-mail: NL-coe.corporatetreasury.euc@abb.com
  (with CC to grouptreasury@ch.abb.com)

  	
   

  
	
   

  	
  Copy:              Legal Department

  	
   

  
	
   

  	
  Fax:                 + 41 43 317 7992

  	
   

  
	
  ABB
  Treasury Center (USA), Inc.

  	
  305 Gregson Drive Cary,
  North Carolina 27511

  	
  Delaware, United States of
  America

  
	
   

  	
  U.S.A.

  	
   

  
	
   

  	
  Attention:        Treasurer

  	
   

  
	
   

  	
  E-mail:                                                US-

  amccorporatetreasury@abb.com (with CC 

  to grouptreasury@ch.abb.com)

  	
   

  
	
   

  	
  Copy:              Legal Department

  	
   

  
	
   

  	
  Fax:                 + 41 43 317 7992

  	
   

  

 

	
   
   Name of
   Guarantor

   

   	

   Address

   

   	

   Jurisdiction
   of incorporation

   

   
	
  ABB Ltd

  	
  Affolternstrasse 44

  	
  Switzerland

  
	
   

  	
  CH-8050 Zurich

  	
   

  
	
   

  	
  Switzerland

  	
   

  
	
   

  	
  Attention:        Group Treasurer

  	
   

  
	
   

  	
  Email:              grouptreasury@ch.abb.co 

  	
   

  
	
   

  	
  Copy:              Legal Department

  	
   

  
	
   

  	
  Fax:                 +41 43 317 7992

  	
   

  

 

	
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Schedule 2

Conditions
Precedent

Part I

Conditions Precedent

1.                 
  Corporate Documents

(a)              
  A copy of the constitutional
documents of each Obligor (being, in the case of ABB Finance B.V., a copy of
the articles of association (statuten) and deed of incorporation (oprichtingsakte),
as well as an extract (uittreksel) from the Dutch Commercial Register (Handelsregister)). 

(b)              
  A copy of a resolution of
the board of directors of each Obligor (if applicable) or, in the case of ABB
Finance B.V., a copy of a resolution of the board of managing directors (directie)
or, in the case of ABB, a copy of an excerpt of the minutes of, or a circular
resolution of, a meeting of the board of directors of ABB:

(i)                
  approving the terms of, and
the transactions contemplated by, the Finance Documents to which it is a party
and resolving that it execute the Finance Documents to which it is a party;

(ii)             
  (other than in relation to
ABB) authorising a specified person or persons to execute the Finance Documents
to which it is a party on its behalf; and

(iii)           
  (other than in relation to
ABB) authorising a specified person or persons, on its behalf, to sign and/or
despatch all documents and notices (including, if relevant, any Utilisation
Request) to be signed and/or despatched by it under or in connection with the
Finance Documents to which it is a party.

(c)              
  A specimen of the signature
of each person authorised by the resolution referred to in paragraph (b) above.

(d)              
  A certificate of each
Obligor (signed without personal liability by an authorised signatory of each Obligor)
confirming that borrowing or guaranteeing, as appropriate, the Total
Commitments would not cause any borrowing, guaranteeing or similar limit
binding on that relevant Obligor to be exceeded.

(e)              
  A copy of a good standing
certificate (including verification of tax status) with respect to ABB Treasury
Center (USA), Inc., issued as of a recent date by the Secretary of State or
other appropriate official of its jurisdiction of incorporation.

(f)               
  A certificate of an
authorised signatory of the relevant Obligor, certifying without personal
liability that each copy document relating to it specified in paragraph 1(a)
- (d) of this Schedule 2 is correct, complete and in full force and effect as
at a date no earlier than the date of this Agreement.

	
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2.                 
  Legal opinions

(a)              
  A legal opinion of Clifford
Chance LLP, legal advisers to the Mandated Lead Arrangers and the Agents in
England, substantially in the form distributed to the Original Lenders prior to
signing this Agreement.

(b)              
  A legal opinion of Clifford
Chance LLP, Amsterdam, legal advisers to the Mandated Lead Arranger and the
Agents in the Netherlands in the form approved by the Facility Agent.

(c)              
  A legal opinion of
Freshfields Bruckhaus Deringer US LLP, United States legal advisers to ABB
Treasury Center (USA), Inc. in the form approved by the Facility Agent.

(d)              
  A legal opinion of Niederer
Kraft Frey Ltd, legal advisers to the Mandated Lead Arrangers and the Agents in
Switzerland in the form approved by the Facility Agent.

3.                 
  Other documents and
evidence

(a)              
  Evidence that the process
agent referred to in paragraph (e) of Clause 39.1 (Jurisdiction) has
accepted its appointment.

(b)              
  Evidence that the Existing
Credit Facility has been repaid or cancelled in full.

(c)              
  The Original Financial
Statements of each Obligor.

(d)              
  Evidence that the fees,
costs and expenses then due from ABB pursuant to Clause 12 (Fees) and
Clause 17 (Costs and Expenses) have been paid or will be paid by the
first Utilisation Date.

	
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Part II

Additional
Borrower Conditions Precedent

1.                 
  A Borrower Accession Letter,
duly executed by the Additional Borrower and ABB.

2.                 
  A copy of the constitutional
documents of the Additional Borrower.

3.                 
  A copy of a resolution of
the board of directors, or other suitable authority, of the Additional
Borrower:

(a)              
  approving the terms of, and
the transactions contemplated by, the Borrower Accession Letter and the Finance
Documents and resolving that it execute the Borrower Accession Letter;

(b)              
  authorising a specified
person or persons to execute the Borrower Accession Letter on its behalf; and

(c)              
  authorising a specified
person or persons, on its behalf, to sign and/or despatch all other documents
and notices (including any Utilisation Request) to be signed and/or despatched
by it under or in connection with the Finance Documents.

4.                 
  If applicable or required
under applicable law, a copy of the resolution of the board of supervisory
directors of the Additional Borrower approving the resolutions of the board of
managing directors referred to under 3 above.

5.                 
  If applicable or required
under applicable law, a copy of a resolution of the Additional Borrower stating
that the shareholders resolve and approve the entering into, and the terms and
conditions of, this Agreement.

6.                 
  If applicable, a copy of (i)
the request for advice from each works council, or central or European works
council with jurisdiction over the transactions contemplated by this Agreement
and (ii) the positive advice from such works council which contains no
condition, which if complied with, could result in a breach of any of any of
the Finance Documents.

7.                 
  A specimen of the signature
of each person authorised by the resolution referred to in paragraph 3
above.

8.                 
  A certificate of the
Additional Borrower (signed by two duly authorised signatories) confirming that
borrowing the Total Commitments would not cause any borrowing limit binding on
it to be exceeded.

9.                 
  A copy of a good standing
certificate (including verification of tax status) with respect to any
Additional Borrower whose jurisdiction of incorporation is a state of the
United States of America or the District of Columbia, issued as of a recent
date by the Secretary of State or other appropriate official of such Additional
Borrower's jurisdiction of incorporation or organisation.

	
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10.             
  A certificate of an
authorised signatory of the Additional Borrower certifying that each copy
document listed in this Schedule 2 is correct, complete and in full force and
effect as at a date no earlier than the date of the Borrower Accession Letter.

11.             
  A copy of any other
Authorisation or other document, opinion or assurance which the Facility Agent
reasonably considers to be necessary in connection with the entry into and
performance of the transactions contemplated by the Borrower Accession Letter
or for the validity and enforceability of any Finance Document.

12.             
  If available, the latest
audited financial statements of the Additional Borrower.

13.             
  A legal opinion of Clifford
Chance LLP, legal advisers to the Lenders, Mandated Lead Arrangers and Facility
Agent in England.

14.             
  If the Additional Borrower
is incorporated in a jurisdiction other than England and Wales, a legal opinion
of the legal advisers to the Lenders, Mandated Lead Arrangers and Facility
Agent in the jurisdiction in which the Additional Borrower is incorporated.

15.             
  If the proposed Additional
Borrower is incorporated in a jurisdiction other than England and Wales,
evidence that the process agent specified in paragraph (e) of Clause 39.1 (Jurisdiction),
if not a Borrower, has accepted its appointment in relation to the proposed
Additional Borrower.

	
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Schedule 3

Utilisation Request1

From:                   [Name of Borrower]

To:                       [Agent]

Copied to:            [Facility Agent]*

Dated: [•]

Dear
Sirs

ABB Ltd
- $2,000,000,000 Multicurrency Revolving Credit Agreement

dated [•] (the "Credit Agreement")

1.                 
  Words and expressions
defined in the Credit Agreement have the same meaning when used herein.

2.                 
  We wish to borrow a(n)
[Advance/Dollar Swingline Advance/Euro Swingline Advance] on the following
terms:

	
  Proposed Utilisation Date:

  	
  [•] (or, if that is not a Business Day, the next Business
  Day)

  
	
  Currency of Advance:

  	
  [•]

  
	
  Amount: 

  	
  [•]

  
	
  Interest Period:

  	
  [•]

  

 

3.                 
  We confirm that each
condition specified in Clause 4.2 (Further conditions precedent) is
satisfied on the date of this Utilisation Request.

4.                 
  The proceeds of this Advance
should be credited to [account].

5.                 
  This Utilisation Request is
irrevocable.

Yours faithfully

 

...................................................................... 

authorised signatory for

[Name
of Borrower]

_______________________________

1      [WARNING NOTE:  Please seek Dutch
legal advice (i) until the interpretation of the term "public" (as
referred to in Article 4.1(1) of the Capital Requirements Regulation
(EU/575/2013)) has been published by the competent authority, if the share of a
Lender in any utilisation requested by a Dutch borrower is less than EUR
100,000 (or the foreign currency equivalent thereof) and (ii) as soon as the
interpretation of the term "public" has been published by the
competent authority, if the Lender is considered to be part of the public on
the basis of such interpretation.] 

	
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Schedule 4

Form of Transfer Certificate

To:                   [•] as Facility Agent

From:               [Existing Lender] (the
 "Existing Lender") and [New Lender] (the "New Lender") 

Dated: 

ABB Ltd
- $2,000,000,000 Multicurrency Revolving Credit Agreement

dated [•] (the "Credit Agreement")

1.                 
  Words and expressions
defined in the Credit Agreement have the same meaning when used herein.

2.                 
  We refer to Clause 23.5 (Procedure
for transfer) of the Credit Agreement:

(a)              
  The Existing Lender and the
New Lender agree to the Existing Lender and the New Lender transferring by
novation all or part of the Existing Lender's [Commitment/Swingline
Commitment], rights and obligations referred to in the Schedule in accordance
with Clause 23.5 (Procedure for transfer). 

(b)              
  The proposed Transfer Date
is [•].

(c)              
  The Facility Office and
address, fax number and attention details for notices of the New Lender for the
purposes of Clause 31.2 (Addresses) are set out in the Schedule.

3.                 
  The New Lender confirms, for
the benefit of the Facility Agent and without liability to any Obligor, that it
is [a Qualifying Lender falling within paragraph[s] [•] of the definition of
Qualifying Lender]/[not a Qualifying Lender].

4.                 
  The New Lender confirms that
it is a Qualifying Bank.

5.                 
  The New Lender expressly
acknowledges the limitations on the Existing Lender's obligations set out in
paragraph (c) of Clause 23.4 (Limitation of responsibility of Existing
Lenders). 

6.                 
  This Transfer Certificate
and any non-contractual obligations arising out of or in connection with it are
governed by English law.

	
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THE SCHEDULE2

Commitment/Swingline Commitment/rights and
obligations to be transferred

[insert relevant details of Commitment,
Dollar Swingline Commitment and/or Euro Swingline Commitment] 

[Facility Office address, fax number and attention
details for notices and account details for payments] 

	
  [Existing
  Lender]

   

  	
  [New
  Lender]

   

  
	
  By:                                                                 

  	
  By:                                                                 

  

 

This
Transfer Certificate is accepted by the Facility Agent and the Transfer Date is
confirmed as [•].

[Facility
Agent]

By:

 

 

 

 

 

_______________________

2         [WARNING NOTE:  Please seek Dutch
legal advice (i) until the interpretation of the term "public" (as
referred to in Article 4.1(1) of the Capital Requirements Regulation (EU/575/2013))
has been published by the competent authority, if the share of a Lender in any
utilisation requested by a Dutch borrower is less than EUR 100,000 (or the
foreign currency equivalent thereof) and (ii) as soon as the interpretation of
the term "public" has been published by the competent authority, if
the Lender is considered to be part of the public on the basis of such
interpretation.] 

	
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Schedule 5

Timetables

	
    

   	
   
   Advances in Euro

   

   	

   Advances in Dollars

   

   	

   Advances in other currencies

   

   
	
  Delivery of a duly completed Utilisation
  Request (Clause 5.1 (Delivery of a Utilisation Request) 

  	
  10 a.m. London time, 3 Business Days prior to
  the proposed Utilisation Date

  	
  11 a.m. London time, 3 Business Days prior to
  the proposed Utilisation Date

  	
  11 a.m. London time, 3 Business Days prior to
  the proposed Utilisation Date

  
	
  Facility Agent determines (in relation to a
  Utilisation) the Base Currency Amount of the Advance, if required under
  Clause 5.4 (Lenders' participation) 

  	
  11 a.m. London time, 3 Business Days prior to
  the proposed Utilisation Date

  	
  N/A

  	
  11 a.m. London time, 3 Business Days prior to
  the proposed Utilisation Date

  
	
  Facility Agent notifies the Lenders of the
  Advance in accordance with Clause 5.4 (Lenders' participation) 

  	
  Promptly upon receipt from the relevant
  Borrower

  	
  Promptly upon receipt from the relevant
  Borrower

  	
  Promptly upon receipt from the relevant
  Borrower

  
	
  Delivery of a duly completed Utilisation
  Request (Clause 5.5 (Delivery of a Utilisation Request for a
  Swingline Advance)) 

  	
  9.30 a.m. London time on the proposed
  Utilisation Date

  	
  11 a.m. New York time on the proposed
  Utilisation Date

  	
  N/A

  
	
  Swingline Agent notifies each Swingline Lender
  of the amount, currency and the Base Currency Amount of each Swingline
  Advance (paragraph (c) of Clause 5.8 (Swingline Lenders' Participation)) 

  	
  Promptly upon receipt from the relevant
  Borrower

  	
  Promptly upon receipt from the relevant
  Borrower

  	
  N/A

  
	
  Facility Agent
  receives a notification from a Lender under Clause 6.2 (Unavailability of
  a currency) 

  	
  N/A

  	
  N/A

  	
  Quotation Day as of 9 a.m. London time

  
	
  Facility Agent gives notice in accordance with
  Clause 6.2 (Unavailability of a currency) 

  	
  N/A

  	
  N/A

  	
  Upon receipt of notification from the Lenders

  
	
  LIBOR or
  EURIBOR is fixed

  	
  Quotation
  Day as of 11.00 a.m. Brussels time

  	
  Quotation
  Day as of 11.00 a.m. London time

  	
  Quotation
  Day as of 11.00 a.m. London time

  

	
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Schedule 6

Form of Borrower Accession Letter

To:                   [•] as Facility Agent

From:               [Subsidiary] and ABB Ltd

Dated: [•]

Dear
Sirs

ABB Ltd
- $2,000,000,000 Multicurrency Revolving Credit Agreement

dated [•] (the "Credit Agreement")

1.                 
  We refer to the Credit
Agreement.  This is a Borrower Accession Letter.  Terms defined in the Credit
Agreement have the same meaning in this Borrower Accession Letter unless given
a different meaning in this Borrower Accession Letter.

2.                 
  [Subsidiary] agrees to
become an Additional Borrower and to be bound by the terms of the Credit
Agreement as an Additional Borrower pursuant to Clause 25.2 (Additional
Borrowers) of the Credit Agreement.

3.                 
  [Subsidiary] is a company
duly incorporated under the laws of [name of relevant jurisdiction].

4.                 
  [Subsidiary] is a wholly
owned Subsidiary of ABB Ltd.

5.                 
  [Subsidiary's]
administrative details are as follows:

Address:

Fax
No:

Attention:

6.                 
  This Borrower Accession
Letter and any non-contractual obligations arising out of or in connection with
it are governed by English law.

	
  ABB LTD

  	
  [Subsidiary]

  
	
   

  	
   

  
	
  By:................................................................ 

  	
  By:................................................................ 

  

 

	
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Schedule 7

Form of Resignation Letter

To:                   [•] as Facility Agent

From:               [resigning Borrower] and ABB
Ltd

Dated: [•]

Dear
Sirs

ABB Ltd
- $2,000,000,000 Multicurrency Revolving Credit Agreement

dated [•] (the "Credit Agreement")

1.                 
  We refer to the Credit
Agreement.  This is a Resignation Letter.  Terms defined in the Credit
Agreement have the same meaning in this Resignation Letter unless given a
different meaning in this Resignation Letter.

2.                 
  Pursuant to Clause 25.3 (Resignation
of a Borrower), we request that [resigning Borrower] be released from its
obligations as a Borrower under the Credit Agreement.

3.                 
  We confirm that:

(a)              
  no Default would result from
the acceptance of this request; and

(b)              
  [resigning Borrower] is
under no actual or contingent liability under the Credit Agreement.

4.                 
  This Resignation Letter and
any non-contractual obligations arising out of or in connection with it are
governed by English law.

	
  ABB LTD

  	
  [Subsidiary]

  
	
   

  	
   

  
	
  By:................................................................ 

  	
  By:................................................................ 

  

 

	
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Schedule 8

Material
Subsidiaries

	
   
   Company
   Name

   

   	

   Jurisdiction

   

   	

   ABB
   Interest

   

   
	
    

   	
    

   	
   (%)

   
	
  ABB Treasury Center (USA), Inc.

  	
  United States

  	
  100

  
	
  ABB (China) Ltd.

  	
  China

  	
  100

  
	
  ABB Holdings, Inc.

  	
  United States

  	
  100

  
	
  ABB Beteiligungs- und Verwaltungsges. mbH 

  	
  Germany

  	
  100

  
	
  ABB Finance B.V.

  	
  Netherlands

  	
  100

  
	
  ABB Finance (USA), Inc.

  	
  United States

  	
  100

  
	
  ABB Motors and Mechanical Inc

  	
  United States

  	
  100

  
	
  B&R Holding GmbH

  	
  Austria

  	
  100

  
	
  ABB Installation Products Inc

  	
  United States

  	
  100

  

 

	
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Schedule 9

Form of Increase Confirmation

To:       [  ] as Facility Agent, and
ABB Ltd, for and on behalf of each Obligor

From:   [the Increase Lender] (the "Increase
Lender") 

Dated:

ABB Ltd
- $2,000,000,000 Multicurrency Revolving Credit Agreement

dated [•] (the "Credit Agreement")

1.                 
  We refer to the Credit
Agreement.  This is an Increase Confirmation.  Terms defined in the Credit
Agreement have the same meaning in this Increase Confirmation unless given a
different meaning in this Increase Confirmation.

2.                 
  We refer to Clause 2.2 (Increase
of Commitments). 

3.                 
  The Increase Lender agrees
to assume and will assume all of the obligations corresponding to the
[Commitment/Swingline Commitment] specified in the Schedule (the "Relevant
Commitment") as if it were an Original Lender under the Credit
Agreement.

4.                 
  The proposed date on which
the increase in relation to the Increase Lender and the Relevant Commitment is
to take effect (the "Increase Date") is [  ].

5.                 
  On the Increase Date, the
Increase Lender becomes party to the Finance Documents as a Lender.

6.                 
  The Facility Office and
address, fax number and attention details for notices to the Increase Lender
for the purposes of Clause 31.2 (Addresses) are set out in the Schedule.

7.                 
  The Increase Lender
confirms, for the benefit of the Facility Agent and without liability to any
Obligor, that it is [a Qualifying Lender falling within paragraph[s] [•] of the
definition of Qualifying Lender]/[not a Qualifying Lender].

8.                 
  The Increase Lender confirms
that it is a Qualifying Bank

9.                 
  The Increase Lender
expressly acknowledges the limitations on the Lenders' obligations referred to
in paragraph (g) of Clause 2.2 (Increase  of Commitments). 

10.             
  This Increase Confirmation
may be executed in any number of counterparts and this has the same effect as
if the signatures on the counterparts were on a single copy of this Increase
Confirmation.

11.             
  This Increase Confirmation
and any non-contractual obligations arising out of or in connection with it are
governed by English law.

12.             
  This Credit Agreement has
been entered into on the date stated at the beginning of this Credit Agreement.

	
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THE SCHEDULE

Relevant Commitment/rights and obligations to be
assumed by the Increase Lender

[insert relevant details of Commitment,
Dollar Swingline Commitment and/or Euro Swingline Commitment] 

[Facility office address, fax number and
attention details for notices and account details for payments] 

[Increase Lender]

 

By: ............................................................... 

This
Increase Confirmation is accepted as an Increase Confirmation for the purposes
of the Credit Agreement by the Facility Agent and the Increase Date is
confirmed as [  ].

Facility Agent

 

By:................................................................ 

  

	
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SIGNATURES

THE GUARANTOR

 

	
  By:

  	
  s/ Richard A. Brown

  	
   

  	
  By

  	
  s/ Timo Ihamuotila

  
	
   

  	
  Richard
  A. Brown

  	
   

  	
   

  	
  Timo Ihamuotila

  

                                                                                                  

For and on
behalf of

ABB LTD

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

THE ORIGINAL BORROWERS

 

	
  By:

  	
  s/ Marta Wolodzko

  	
   

  	
  By

  	
  s/ George Stewart

  
	
   

  	
  Marta
  Wolodzko

  	
   

  	
   

  	
  George
  Stewart

  

For and on behalf of

ABB FINANCE B.V.

 

	
  By:

  	
  s/ John Healy

  	
   

  	
  By

  	
  s/ Craig Kirkpatrick

  
	
   

  	
  John
  Healy

  	
   

  	
   

  	
  Craig
  Kirkpatrick

  

 

For and on
behalf of

ABB TREASURY CENTER (USA), INC.

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

THE FACILITY AGENT

 

	
  By:

  	
  s/ Andrew Guthrie

  	
   

  
	
   

  	
  Andrew
  Guthrie

  Vice
  President

  	
   

  

 

For and on
behalf of

CITIBANK EUROPE PLC, UK BRANCH

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

THE EURO SWINGLINE AGENT

 

	
  By:

  	
  s/ Andrew Guthrie

  	
   

  
	
   

  	
  Andrew
  Guthrie

  Vice
  President

  	
   

  

             

For and on
behalf of

CITIBANK EUROPE PLC, UK BRANCH

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

THE DOLLAR SWINGLINE AGENT

 

	
  By:

  	
  s/ Lucy Devlin

  	
   

  
	
   

  	
  Lucy
  Devlin

  Director

  	
   

  

 

For and on behalf of

CITIBANK, N.A.

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

THE
MANDATED LEAD ARRANGERS

 

	
  By:

  	
  s/ Lucy Devlin

  	
   

  
	
   

  	
  Lucy
  Devlin

  Director

  	
   

  

 

For and on
behalf of

CITIGROUP GLOBAL MARKETS LIMITED

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Christoph Dreher

  	
   

  
	
   

  	
  Christoph
  Dreher

  	
   

  

By:

 

 

For and on
behalf of

BANK OF
AMERICA MERRILL LYNCH INTERNATIONAL DESIGNATED ACTIVITY COMPANY

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Chris Bicheno

  	
   

  
	
   

  	
  Chris
  Bicheno

  Vice
  President

  	
   

  

 

For and on
behalf of

BARCLAYS BANK PLC

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Enna Pariset

  	
   

  	
  By

  	
  s/ Domitille Mandefield

  
	
   

  	
  Enna
  Pariset

  Head
  of CIB Switzerland

  	
   

  	
   

  	
  Domitille
  Mandefield

  Senior
  Relationship Manager

  

 

For and on
behalf of

BNP PARIBAS (SUISSE) SA

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Kristène Souche

  	
   

  	
  By

  	
  s/ Frank Bervillé

  
	
   

  	
  Kristène
  Souche 

  Vice
  President

  	
   

  	
   

  	
  Frank
  Bervillé

  

 

For and on
behalf of

CA INDOSUEZ (SWITZERLAND) SA   

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Ursula Schwarzenberger

  	
   

  	
  By

  	
  s/ Christoph Bischofberger

  
	
   

  	
  Ursula
  Schwarzenberger

  Authorised
  Signatory

  	
   

  	
   

  	
  Christoph
  Bischofberger

  Authorised
  Signatory

  

 

For and on
behalf of

CREDIT SUISSE (SWITZERLAND) LTD.

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Walther

  	
   

  	
  By

  	
  s/ M Lutz

  
	
   

  	
  S.
  Walther

  	
   

  	
   

  	
  M.
  Lutz

  

 

For and on
behalf of

DEUTSCHE BANK LUXEMBOURG S.A.

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Colette Pithie

  	
   

  
	
   

  	
  Colette
  Pithie

  Authorised
  Signatory

  	
   

  

 

For and on
behalf of

GOLDMAN SACHS BANK USA

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Rod Stoyle

  	
   

  
	
   

  	
  Rod
  Stoyle

  	
   

  

 

For and on
behalf of

HSBC BANK PLC

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Jochen Munzinger

  	
   

  	
  By

  	
  s/ Hermen Egberink

  
	
   

  	
  Jochen
  Munzinger

  Senior
  Relationship Manager

  	
   

  	
   

  	
  Hermen
  Egberink

  Head
  of Credit Risk

  

 

For and on
behalf of

ING
BELGIUM, BRUSSELS, LANCY/GENEVA BRANCH

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Jon Abando

  	
   

  
	
   

  	
  Jon
  Abando 

  Executive
  Director

  	
   

  

 

For and on
behalf of

J.P. MORGAN SECURITIES PLC

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Peter Jez

  	
   

  	
  By

  	
  s/ Birgitta Höög

  
	
   

  	
  Peter
  Jez

  	
   

  	
   

  	
  Birgitta
  Höög

  

 

For and on
behalf of

NORDEA BANK ABP, FILIAL I SVERIGE

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Uwe Steinmetz

  	
   

  	
  By

  	
  s/ José María Pérez de Lema

  
	
   

  	
  Uwe
  Steinmetz

  	
   

  	
   

  	
  José
  María Pérez de Lema

  Managing
  Director

  

 

For and on
behalf of

BANCO SANTANDER, S.A.

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Simon Derrick

  	
   

  
	
   

  	
  Simon
  Derrick

  Managing
  Director

  Loan
  Syndications

  	
   

  

 

For and on
behalf of

STANDARD CHARTERED BANK

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Penny Neville-Park

  	
   

  	
  By

  	
  s/ Simon Hickman

  
	
   

  	
  Penny
  Neville-Park

  	
   

  	
   

  	
  Simon
  Hickman

  

 

For and on
behalf of

SKANDINAVISKA
ENSKILDA BANKEN AB (PUBL)

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

 

	
  By:

  	
  s/ Sven Streiter

  	
   

  	
  By

  	
  s/ Richard Ohl

  
	
   

  	
  Sven
  Streiter

  	
   

  	
   

  	
  Richard
  Ohl

  

 

For and on
behalf of

SOCIÉTÉ GÉNÉRALE S.A. FRANKFURT BRANCH

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Dominic Halbheer

  	
   

  	
  By

  	
  s/ Raffaele Di Giulio

  
	
   

  	
  Dominic
  Halbheer

  	
   

  	
   

  	
  Raffaele
  Di Giulio

  

 

For and on
behalf of

UBS SWITZERLAND AG

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Alex Höcherl

  	
   

  	
  By

  	
  s/ Markus E. Hofmann

  
	
   

  	
  Alex
  Höcherl

  Director

  	
   

  	
   

  	
  Markus
  E. Hofmann

  Managing
  Director

  

 

For and on
behalf of

UNICREDIT BANK AG

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Mr. Peng Kong

  	
   

  	
  By

  	
  s/ Mr Holger Demuth

  
	
   

  	
  Mr.
  Peng Kong

  Deputy
  General Manager

  	
   

  	
   

  	
  Mr
  Holger Demuth  

  CFO/COO

  

 

For and on
behalf of

CHINA
CONSTRUCTION BANK CORPORATION, BEIJING, SWISS BRANCH ZURICH

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

THE ORIGINAL LENDERS

	
  By:

  	
  s/ Lucy Devlin

  	
   

  
	
   

  	
  Lucy
  Devlin

  Director

  	
   

  

 

For and on
behalf of

CITIBANK, N.A., LONDON BRANCH

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Christoph Dreher

  	
   

  
	
   

  	
  Christoph
  Dreher

  	
   

  

 

For and on
behalf of

BANK OF AMERICA MERRILL LYNCH INTERNATIONAL
DESIGNATED ACTIVITY COMPANY (as Lender to Borrowers incorporated in the
Netherlands and the EU)

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Sana Habib

  	
   

  
	
   

  	
  Sana
  Habib

  Director

  	
   

  

 

For and on
behalf of

BANK OF
AMERICA N.A., LONDON BRANCH (as Lender to Borrowers incorporated in the USA and
Switzerland)

 

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Chris Bicheno

  	
   

  
	
   

  	
  Chris
  Bicheno

  Vice
  President

  	
   

  

 

For and on
behalf of

BARCLAYS BANK PLC

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Enna Pariset

  	
   

  	
  By

  	
  s/ Domitille Mandefield

  
	
   

  	
  Enna
  Pariset

  Head
  of CIB Switzerland

  	
   

  	
   

  	
  Domitille
  Mandefield

  Senior
  Relationship Manager

  

 

For and on
behalf of

BNP PARIBAS (SUISSE) SA

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Kristène Souche

  	
   

  	
  By

  	
  s/ Frank Bervillé

  
	
   

  	
  Kristène
  Souche 

  Vice
  President

  	
   

  	
   

  	
  Frank
  Bervillé

  

 

For and on
behalf of

CA INDOSUEZ (SWITZERLAND) SA

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Ursula Schwarzenberger

  	
   

  	
  By

  	
  s/ Christoph Bischofberger

  
	
   

  	
  Ursula
  Schwarzenberger

  Authorised
  Signatory

  	
   

  	
   

  	
  Christoph
  Bischofberger

  Authorised
  Signatory

  

 

For and on
behalf of

CREDIT SUISSE (SWITZERLAND) LTD.

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Walther

  	
   

  	
  By

  	
  s/ M Lutz

  
	
   

  	
  S.
  Walther

  	
   

  	
   

  	
  M.
  Lutz

  

 

For and on
behalf of

DEUTSCHE BANK LUXEMBOURG S.A.

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Colette Pithie

  	
   

  
	
   

  	
  Colette
  Pithie

  Authorised
  Signatory

  	
   

  

 

For and on
behalf of

GOLDMAN SACHS BANK USA

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Rod Stoyle

  	
   

  
	
   

  	
  Rod
  Stoyle

  	
   

  

 

For and on
behalf of

HSBC BANK PLC

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Jochen Munzinger

  	
   

  	
  By

  	
  s/ Hermen Egberink

  
	
   

  	
  Jochen
  Munzinger

  Senior
  Relationship Manager

  	
   

  	
   

  	
  Hermen
  Egberink

  Head
  of Credit Risk

  

 

For and on
behalf of

ING BELGIUM, BRUSSELS, LANCY/GENEVA
BRANCH

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Costantino Sabella

  	
   

  
	
   

  	
  Costantino
  Sabella

  Vice
  President

  	
   

  

 

For and on
behalf of

JPMORGAN CHASE BANK, N.A., LONDON
BRANCH

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Peter Jez

  	
   

  	
  By

  	
  s/ Birgitta Höög

  
	
   

  	
  Peter
  Jez

  	
   

  	
   

  	
  Birgitta
  Höög

  

 

For and on
behalf of

NORDEA BANK ABP, FILIAL I SVERIGE

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Uwe Steinmetz

  	
   

  	
  By

  	
  s/ José María Pérez de Lema

  
	
   

  	
  Uwe
  Steinmetz

  	
   

  	
   

  	
  José
  María Pérez de Lema

  Managing
  Director

  

 

For and on
behalf of

BANCO SANTANDER, S.A.

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Simon Derrick

  	
   

  
	
   

  	
  Simon
  Derrick

  Managing
  Director

  Loan
  Syndications

  	
   

  

 

For and on
behalf of

STANDARD CHARTERED BANK

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Penny Neville-Park

  	
   

  	
  By

  	
  s/ Simon Hickman

  
	
   

  	
  Penny
  Neville-Park

  	
   

  	
   

  	
  Simon
  Hickman

  

 

For and on
behalf of

SKANDINAVISKA ENSKILDA BANKEN AB
(PUBL)

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Sven Streiter

  	
   

  	
  By

  	
  s/ Richard Ohl

  
	
   

  	
  Sven
  Streiter

  	
   

  	
   

  	
  Richard
  Ohl

  

 

For and on
behalf of

SOCIÉTÉ GÉNÉRALE S.A. FRANKFURT BRANCH

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Dominic Halbheer

  	
   

  	
  By

  	
  s/ Raffaele Di Giulio

  
	
   

  	
  Dominic
  Halbheer

  	
   

  	
   

  	
  Raffaele
  Di Giulio

  

 

For and on
behalf of

UBS SWITZERLAND AG

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Alex Höcherl

  	
   

  	
  By

  	
  s/ Markus E. Hofmann

  
	
   

  	
  Alex
  Höcherl

  Director

  	
   

  	
   

  	
  Markus
  E. Hofmann

  Managing
  Director

  

 

For and on
behalf of

UNICREDIT BANK AG

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Mr. Peng Kong

  	
   

  	
  By

  	
  s/ Mr Holger Demuth

  
	
   

  	
  Mr.
  Peng Kong

  Deputy
  General Manager

  	
   

  	
   

  	
  Mr
  Holger Demuth  

  CFO/COO

  

 

For and on
behalf of

CHINA CONSTRUCTION BANK CORPORATION,
BEIJING, SWISS BRANCH ZURICH

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

THE
DOLLAR SWINGLINE LENDERS

	
  By:

  	
  s/ Lucy Devlin

  	
   

  
	
   

  	
  Lucy
  Devlin

  Director

  	
   

  

 

For and on
behalf of

CITIBANK, N.A.

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Christoph Dreher

  	
   

  
	
   

  	
  Christoph
  Dreher

  	
   

  

For and on behalf of

BANK OF AMERICA MERRILL LYNCH INTERNATIONAL DESIGNATED ACTIVITY COMPANY (as
Lender to such other jurisdictions as may be notified to the Facility Agent
from time to time)

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Myrna F. Green

  	
   

  
	
   

  	
  Myrna
  F. Green

  AVP

  	
   

  

 

For and on behalf
of

BANK OF AMERICA N.A. (as Lender to Borrowers
incorporated in the Netherlands, USA, Switzerland and such other jurisdictions
as may be notified to the Facility Agent from time to time)

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Chris Bicheno

  	
   

  
	
   

  	
  Chris
  Bicheno

  Vice
  President

  	
   

  

 

For and on
behalf of

BARCLAYS BANK PLC

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Enna Pariset

  	
   

  	
  By

  	
  s/ Domitille Mandefield

  
	
   

  	
  Enna
  Pariset

  Head
  of CIB Switzerland

  	
   

  	
   

  	
  Domitille
  Mandefield

  Senior
  Relationship Manager

  

 

For and on
behalf of

BNP PARIBAS (SUISSE) SA

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Kristène Souche

  	
   

  	
  By

  	
  s/ Frank Bervillé

  
	
   

  	
  Kristène
  Souche 

  Vice
  President

  	
   

  	
   

  	
  Frank
  Bervillé

  

 

For and on
behalf of

CA INDOSUEZ (SWITZERLAND) SA 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Doreen Barr

  	
   

  	
  By

  	
  s/ Brady Bingham

  
	
   

  	
  Doreen
  Barr 

  Authorized
  Signatory

  	
   

  	
   

  	
  Brady
  Bingham

  Authorized
  Signatory

  

 

For and on
behalf of

CREDIT
SUISSE AG, CAYMAN ISLANDS BRANCH

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Ming K. Chu

  	
   

  	
  By

  	
  s/ Douglas Darman

  
	
   

  	
  Ming
  K. Chu

  Director

  	
   

  	
   

  	
  Douglas
  Darman

  Director

  

 

For and on
behalf of

DEUTSCHE
BANK AG NEW YORK BRANCH

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Colette Pithie

  	
   

  
	
   

  	
  Colette
  Pithie

  Authorised
  Signatory

  	
   

  

 

For and on
behalf of

GOLDMAN SACHS BANK USA

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Rod Stoyle

  	
   

  
	
   

  	
  Rod
  Stoyle

  	
   

  

 

For and on
behalf of

HSBC BANK PLC

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Jochen Munzinger

  	
   

  	
  By

  	
  s/ Hermen Egberink

  
	
   

  	
  Jochen
  Munzinger

  Senior
  Relationship Manager

  	
   

  	
   

  	
  Hermen
  Egberink

  Head
  of Credit Risk

  

 

For and on
behalf of

ING
BELGIUM, BRUSSELS, LANCY/GENEVA BRANCH

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Costantino Sabella

  	
   

  
	
   

  	
  Costantino
  Sabella

  Vice
  President

  	
   

  

 

For and on
behalf of

JPMORGAN CHASE BANK, N.A.

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Peter Jez

  	
   

  	
  By

  	
  s/ Birgitta Höög

  
	
   

  	
  Peter
  Jez

  	
   

  	
   

  	
  Birgitta
  Höög

  

 

For and on
behalf of

NORDEA
BANK ABP, FILIAL I SVERIGE

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Uwe Steinmetz

  	
   

  	
  By

  	
  s/ José María Pérez de Lema

  
	
   

  	
  Uwe
  Steinmetz

  	
   

  	
   

  	
  José
  María Pérez de Lema

  Managing
  Director

  

 

For and on
behalf of

BANCO SANTANDER, S.A.

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Simon Derrick

  	
   

  
	
   

  	
  Simon
  Derrick

  Managing
  Director

  Loan
  Syndications

  	
   

  

 

For and on
behalf of

STANDARD CHARTERED BANK

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Penny Neville-Park

  	
   

  	
  By

  	
  s/ Simon Hickman

  
	
   

  	
  Penny
  Neville-Park

  	
   

  	
   

  	
  Simon
  Hickman

  

 

For and on
behalf of

SKANDINAVISKA
ENSKILDA BANKEN AB (PUBL)

 

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Shelley Guttman

  	
   

  
	
   

  	
  Shelley
  Guttman

  Director

  	
   

  

 

For and on
behalf of

SOCIÉTÉ
GÉNÉRALE

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Aaron Tuerkyilmaz

  	
   

  	
  By

  	
  s/ Anthony N. Joseph

  
	
   

  	
  Aaron
  Tuerkyilmaz

  Associate
  Director

  	
   

  	
   

  	
  Anthony
  N. Joseph

  Associate
  Director

  

 

For and on
behalf of

UBS AG, STAMFORD BRANCH

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Alex Höcherl

  	
   

  	
  By

  	
  s/ Markus E. Hofmann

  
	
   

  	
  Alex
  Höcherl

  Director

  	
   

  	
   

  	
  Markus
  E. Hofmann

  Managing
  Director

  

 

For and on
behalf of

UNICREDIT
BANK AG

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Mr. Peng Kong

  	
   

  	
  By

  	
  s/ Mr Holger Demuth

  
	
   

  	
  Mr. Peng
  Kong

  Deputy
  General Manager

  	
   

  	
   

  	
  Mr
  Holger Demuth  

  CFO/COO

  

 

For and on
behalf of

CHINA
CONSTRUCTION BANK CORPORATION, BEIJING, SWISS BRANCH ZURICH

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

THE EURO SWINGLINE LENDERS

	
  By:

  	
  s/ Lucy Devlin

  	
   

  
	
   

  	
  Lucy
  Devlin

  Director

  	
   

  

For and on behalf of

CITIBANK, N.A., LONDON BRANCH

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Christoph Dreher

  	
   

  
	
   

  	
  Christoph
  Dreher

  	
   

  

For and on behalf of

BANK OF AMERICA MERRILL LYNCH INTERNATIONAL DESIGNATED ACTIVITY COMPANY (as
Lender to Borrowers incorporated in the Netherlands and the EU)

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Sana Habib

  	
   

  
	
   

  	
  Sana
  Habib

  Director

  	
   

  

For and on behalf of

BANK OF AMERICA N.A., LONDON BRANCH (as Lender to Borrowers incorporated in
the USA and Switzerland)

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Chris Bicheno

  	
   

  
	
   

  	
  Chris
  Bicheno

  Vice
  President

  	
   

  

For and on behalf of

BARCLAYS BANK PLC

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Enna Pariset

  	
   

  	
  By

  	
  s/ Domitille Mandefield

  
	
   

  	
  Enna
  Pariset

  Head
  of CIB Switzerland

  	
   

  	
   

  	
  Domitille
  Mandefield

  Senior
  Relationship Manager

  

For and on behalf of

BNP PARIBAS (SUISSE) SA

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Kristène Souche

  	
   

  	
  By

  	
  s/ Frank Bervillé

  
	
   

  	
  Kristène
  Souche 

  Vice
  President

  	
   

  	
   

  	
  Frank
  Bervillé

  

For and on behalf of

CA INDOSUEZ (SWITZERLAND) SA 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Ursula Schwarzenberger

  	
   

  	
  By

  	
  s/ Christoph Bischofberger

  
	
   

  	
  Ursula
  Schwarzenberger

  Authorised
  Signatory

  	
   

  	
   

  	
  Christoph
  Bischofberger

  Authorised
  Signatory

  

For and on behalf of

CREDIT SUISSE (SWITZERLAND) LTD.

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Walther

  	
   

  	
  By

  	
  s/ M Lutz

  
	
   

  	
  S. Walther

  	
   

  	
   

  	
  M.
  Lutz

  

For and on behalf of

DEUTSCHE BANK LUXEMBOURG S.A.

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Colette Pithie

  	
   

  
	
   

  	
  Colette
  Pithie

  Authorised
  Signatory

  	
   

  

For and on behalf of

GOLDMAN SACHS BANK USA

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Rod Stoyle

  	
   

  
	
   

  	
  Rod
  Stoyle

  	
   

  

For and on behalf of

HSBC BANK PLC

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Jochen Munzinger

  	
   

  	
  By

  	
  s/ Hermen Egberink

  
	
   

  	
  Jochen
  Munzinger

  Senior
  Relationship Manager

  	
   

  	
   

  	
  Hermen
  Egberink

  Head
  of Credit Risk

  

For and on behalf of

ING BELGIUM, BRUSSELS, LANCY/GENEVA BRANCH

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Costantino Sabella

  	
   

  
	
   

  	
  Costantino
  Sabella

  Vice
  President

  	
   

  

For and on behalf of

JPMORGAN CHASE BANK, N.A., LONDON BRANCH

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Peter Jez

  	
   

  	
  By

  	
  s/ Birgitta Höög

  
	
   

  	
  Peter
  Jez

  	
   

  	
   

  	
  Birgitta
  Höög

  

For and on behalf of

NORDEA BANK ABP, FILIAL I SVERIGE

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Uwe Steinmetz

  	
   

  	
  By

  	
  s/ José María Pérez de Lema

  
	
   

  	
  Uwe
  Steinmetz

  	
   

  	
   

  	
  José
  María Pérez de Lema

  Managing
  Director

  

For and on behalf of

BANCO SANTANDER, S.A.

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Simon Derrick

  	
   

  
	
   

  	
  Simon
  Derrick

  Managing
  Director

  Loan
  Syndications

  	
   

  

For and on behalf of

STANDARD CHARTERED BANK

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Penny Neville-Park

  	
   

  	
  By

  	
  s/ Simon Hickman

  
	
   

  	
  Penny
  Neville-Park

  	
   

  	
   

  	
  Simon
  Hickman

  

For and on behalf of

SKANDINAVISKA ENSKILDA BANKEN AB (PUBL)

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Sven Streiter

  	
   

  	
  By

  	
  s/ Richard Ohl

  
	
   

  	
  Sven
  Streiter

  	
   

  	
   

  	
  Richard
  Ohl

  

For and on behalf of

SOCIÉTÉ GÉNÉRALE S.A. FRANKFURT BRANCH

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Dominic Halbheer

  	
   

  	
  By

  	
  s/ Raffaele Di Giulio

  
	
   

  	
  Dominic
  Halbheer

  	
   

  	
   

  	
  Raffaele
  Di Giulio

  

For and on behalf of

UBS SWITZERLAND AG

 

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Alex Höcherl

  	
   

  	
  By

  	
  s/ Markus E. Hofmann

  
	
   

  	
  Alex
  Höcherl

  Director

  	
   

  	
   

  	
  Markus
  E. Hofmann

  Managing
  Director

  

For and on behalf of

UNICREDIT BANK AG

  

	
   Signature
   page to ABB Revolving Credit Agreement  

   

  

 

 

	
  By:

  	
  s/ Mr. Peng Kong

  	
   

  	
  By

  	
  s/ Mr Holger Demuth

  
	
   

  	
  Mr. Peng
  Kong

  Deputy
  General Manager

  	
   

  	
   

  	
  Mr
  Holger Demuth  

  CFO/COO

  

For and on behalf of

CHINA CONSTRUCTION BANK CORPORATION, BEIJING, SWISS BRANCH ZURICH

	
   Signature
   page to ABB Revolving Credit Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}]]