Document:

exv10w13

 

Exhibit 10.13

JOINDER AGREEMENT

        
  THIS JOINDER AGREEMENT (the “Agreement”), dated as of August 31, 2004, is
by and between WESTLAKE TECHNOLOGY CORPORATION, a Delaware corporation, (the
“Subsidiary”), and BANK OF AMERICA, N.A., in its capacity as Administrative
Agent under that certain Credit Agreement (as it may be amended, modified,
restated or supplemented from time to time, the “Credit Agreement”), dated as
of July 31, 2003, by and among Westlake Chemical Corporation, a Delaware
corporation (the “Borrower”), the Guarantors, the Lenders and Bank of America,
N.A., as Administrative Agent. All of the defined terms in the Credit
Agreement are incorporated herein by reference.

          The Loan Parties are required by Section 7.12 of the Credit Agreement to
cause the Subsidiary to become a “Guarantor”.

          Accordingly, the Subsidiary hereby agrees as follows with the Agent, for
the benefit of the Lenders:

          1. The Subsidiary hereby acknowledges, agrees and confirms that, by its
execution of this Agreement, the Subsidiary will be deemed to be a party to the
Credit Agreement and a “Guarantor” for all purposes of the Credit Agreement,
and shall have all of the obligations of a Guarantor thereunder as if it had
executed the Credit Agreement. The Subsidiary hereby ratifies, as of the date
hereof, and agrees to be bound by, all of the terms, provisions and conditions
applicable to the Guarantors contained in the Credit Agreement. Without
limiting the generality of the foregoing terms of this paragraph 1, the
Subsidiary hereby jointly and severally together with the other Guarantors,
guarantees to each Lender and the Agent, as provided in Article IV of the
Credit Agreement, the prompt payment and performance of the Obligations in full
when due (whether at stated maturity, as a mandatory prepayment, by
acceleration or otherwise) strictly in accordance with the terms thereof.

          2. The Subsidiary hereby acknowledges, agrees and confirms that, by its
execution of this Agreement, the Subsidiary will be deemed to be a party to the
Security Agreement, and shall have all the obligations of a “Grantor” (as such
term is defined in the Security Agreement) thereunder as if it had executed the
Security Agreement. The Subsidiary hereby ratifies, as of the date hereof, and
agrees to be bound by, all of the terms, provisions and conditions contained in
the Security Agreement. Without limiting generality of the foregoing terms of
this paragraph 2, the Subsidiary hereby grants to the Agent, for the benefit of
the Lenders, a continuing security interest in, and a right of set off against
any and all right, title and interest of the Subsidiary in and to the
Collateral (as such term is defined in Section 2 of the Security Agreement) of
the Subsidiary. The Subsidiary hereby represents and warrants to the Agent
that:

     (i) The Subsidiary’s chief executive office, tax payer
identification number, organization identification number, and chief
place of business are (and for the prior four months have been) located
at the locations set forth on Schedule 1 attached hereto and the
Subsidiary keeps its books and records at such locations.

 

 

     (ii) The type of Collateral owned by the Subsidiary and the location
of all Collateral owned by the Subsidiary is as shown on Schedule 2
attached hereto.

     (iii) The Subsidiary’s legal name and jurisdiction of incorporation
is as shown in this Agreement and the Subsidiary has not in the past four
months changed its name, been party to a merger, consolidation or other
change in structure or used any tradename except as set forth in Schedule
3 attached hereto.

     (iv) The patents, copyrights, and trademarks listed on Schedule 4
attached hereto constitute all of the registrations and applications for
the patents and trademarks owned by the Subsidiary.

          3. The address of the Subsidiary for purposes of all notices and other
communications is 2801 Post Oak Blvd., Suite 600, Houston, Texas 77056,
Attention: Treasurer (Facsimile No. (713) 960-9420).

          4. The Subsidiary hereby waives acceptance by the Agent and the Lenders of
the guaranty by the Subsidiary under Section 4 of the Credit Agreement upon the
execution of this Agreement by the Subsidiary.

          5. This Agreement may be executed in two or more counterparts, each of
which shall constitute an original but all of which when taken together shall
constitute one contract.

          6. This Agreement shall be governed by and construed and interpreted in
accordance with the laws of the State of New York.

Remainder of this page Intentionally left blank

2

 

          IN WITNESS WHEREOF, the Subsidiary has caused this Joinder Agreement to be
duly executed by its authorized officer, and the Agent, for the benefit of the
Lenders, has caused the same to be accepted by its authorized officer, as of
the day and year first above written.

	 	 	 	 	 
	

	 	 	 	Westlake Technology Corporation
	 
	 	 	 	 
	

	 	 	 	

	

	 	 	 	Albert Chao
	

	 	 	 	President

Signature Page to Joinder Agreement

 

 

	 	 	 	 	 
	

	 	 	 	Acknowledged and accepted:
	 
	 	 	 	 
	

	 	 	 	Bank of America, N.A.,
	

	 	 	 	as Administrative Agent
	 
	 	 	 	 
	

	 	 	 	

	

	 	 	 	Name:
	

	 	 	 	Title:

Signature Page to Joinder Agreement

 

 

Schedule 1

	 	 	 	 	 	 	 	 	 	 	 
	 	 	Chief Executive	 	 	 	Organizational	 	Tax Identification
	Subsidiaries
	 	Office
	 	Chief Place of Business
	 	number
	 	Number

	Westlake Technology

	 	2801 Post Oak Blvd.,
	 	2801 Post Oak Blvd.,	 	 	 	 	 	 
	Corporation

	 	Houston, Texas 77056
	 	Houston, Texas 77056
	 	 	2652078	 	 	76-0545480

Schedule to Joinder Agreement

 

 

Schedule 2

LOCATION OF COLLATERAL

	 	 	 	 	 
	Street Address
	 	City
	 	State

	2801 Post Oak Blvd.

	 	Houston
	 	TX

Schedule to Joinder Agreement

 

 

Schedule 3

TRADENAMES

Westlake Technology Corporation

Schedule to Joinder Agreement

 

 

Schedule 4

REGISTERED PATENTS AND PATENT APPLICATIONS

	 	 	 	 	 
	 	 	 	 	Application Serial No. or Patent No.
	Owner
	 	Title
	 	(U.S. unless otherwise noted)

	Westlake Technology
	 	IMPROVED CRACKING OF	 	GCC/P/2003/2643
	Corporation
	 	HYDROCARBONS	 	Gulf Cooperative Council
	 
	 	 	 	 
	Westlake Technology
	 	IMPROVED CRACKING OF	 	PCT/US03/14346
	Corporation
	 	HYDROCARBONS	 	PCT International Application
	 
	 	 	 	 
	Westlake Technology
	 	IMPROVED CRACKING OF	 	10/211,226
	Corporation
	 	HYDROCARBONS	 	 
	 
	 	 	 	 
	Westlake Technology
Corporation
	 	REFRIGERATION PRODUCTION	 	6,276,167
	 
	 	 	 	 
	Westlake Technology
	 	SLURRY TRAY AND SLURRY	 	10/172,228
	Corporation
	 	TRAY ASSEMBLY FOR USE	 	 
	 
	 	IN FRACTIONATION TOWERS	 	 

Schedule to Joinder
Agreementexv10w14

 

Exhibit 10.14

JOINDER AGREEMENT

        
  THIS JOINDER AGREEMENT (the “Agreement”), dated as of August 31, 2004, is
by and between WESTLAKE INTERNATIONAL CORPORATION, a Delaware corporation, (the
“Subsidiary”), and BANK OF AMERICA, N.A., in its capacity as Administrative
Agent under that certain Credit Agreement (as it may be amended, modified,
restated or supplemented from time to time, the “Credit
Agreement”), dated as
of July 31, 2003, by and among Westlake Chemical Corporation, a Delaware
corporation (the “Borrower”), the Guarantors, the Lenders and Bank of America,
N.A., as Administrative Agent. All of the defined terms in the Credit
Agreement are incorporated herein by reference.

          The Loan Parties are required by Section 7.12 of the Credit Agreement to
cause the Subsidiary to become a “Guarantor”.

          Accordingly, the Subsidiary hereby agrees as follows with the Agent, for
the benefit of the Lenders:

          1. The Subsidiary hereby acknowledges, agrees and confirms that, by its
execution of this Agreement, the Subsidiary will be deemed to be a party to the
Credit Agreement and a “Guarantor” for all purposes of the Credit Agreement,
and shall have all of the obligations of a Guarantor thereunder as if it had
executed the Credit Agreement. The Subsidiary hereby ratifies, as of the date
hereof, and agrees to be bound by, all of the terms, provisions and conditions
applicable to the Guarantors contained in the Credit Agreement. Without
limiting the generality of the foregoing terms of this paragraph 1, the
Subsidiary hereby jointly and severally together with the other Guarantors,
guarantees to each Lender and the Agent, as provided in Article IV of the
Credit Agreement, the prompt payment and performance of the Obligations in full
when due (whether at stated maturity, as a mandatory prepayment, by
acceleration or otherwise) strictly in accordance with the terms thereof.

          2. The Subsidiary hereby acknowledges, agrees and confirms that, by its
execution of this Agreement, the Subsidiary will be deemed to be a party to the
Security Agreement, and shall have all the obligations of a “Grantor” (as such
term is defined in the Security Agreement) thereunder as if it had executed the
Security Agreement. The Subsidiary hereby ratifies, as of the date hereof, and
agrees to be bound by, all of the terms, provisions and conditions contained in
the Security Agreement. Without limiting generality of the foregoing terms of
this paragraph 2, the Subsidiary hereby grants to the Agent, for the benefit of
the Lenders, a continuing security interest in, and a right of set off against
any and all right, title and interest of the Subsidiary in and to the
Collateral (as such term is defined in Section 2 of the Security Agreement) of
the Subsidiary. The Subsidiary hereby represents and warrants to the Agent
that:

     (i) The Subsidiary’s chief executive office, tax payer
identification number, organization identification number, and chief
place of business are (and for the prior four months have been) located
at the locations set forth on Schedule 1 attached hereto and the
Subsidiary keeps its books and records at such locations.

 

 

     (ii) The type of Collateral owned by the Subsidiary and the location
of all Collateral owned by the Subsidiary is as shown on Schedule 2
attached hereto.

     (iii) The Subsidiary’s legal name and jurisdiction of incorporation
is as shown in this Agreement and the Subsidiary has not in the past four
months changed its name, been party to a merger, consolidation or other
change in structure or used any tradename except as set forth in Schedule
3 attached hereto.

     (iv) The patents, copyrights, and trademarks listed on Schedule 4
attached hereto constitute all of the registrations and applications for
the patents and trademarks owned by the Subsidiary.

          3. The address of the Subsidiary for purposes of all notices and other
communications is 2801 Post Oak Blvd., Suite 600, Houston, Texas 77056,
Attention: Treasurer (Facsimile No. (713) 960-9420).

          4. The Subsidiary hereby waives acceptance by the Agent and the Lenders of
the guaranty by the Subsidiary under Section 4 of the Credit Agreement upon the
execution of this Agreement by the Subsidiary.

          5. This Agreement may be executed in two or more counterparts, each of
which shall constitute an original but all of which when taken together shall
constitute one contract.

          6. This Agreement shall be governed by and construed and interpreted in
accordance with the laws of the State of New York.

Remainder of this page Intentionally left blank

2

 

          IN WITNESS WHEREOF, the Subsidiary has caused this Joinder Agreement to be
duly executed by its authorized officer, and the Agent, for the benefit of the
Lenders, has caused the same to be accepted by its authorized officer, as of
the day and year first above written.

	 	 	 	 	 
	

	 	 	 	Westlake International Corporation
	 
	 	 	 	 
	

	 	 	 	

	

	 	 	 	Albert Chao
	

	 	 	 	President

Signature Page to Joinder Agreement

 

 

	 	 	 	 	 
	

	 	 	 	Acknowledged and accepted:
	 
	 	 	 	 
	

	 	 	 	Bank of America, N.A.,
	

	 	 	 	as Administrative Agent
	 
	 	 	 	 
	

	 	 	 	

	

	 	 	 	Name:
	

	 	 	 	Title:

Signature Page to Joinder Agreement

 

 

Schedule 1

	 	 	 	 	 	 	 	 	 	 	 
	 	 	Chief Executive	 	 	 	Organizational	 	Tax Identification
	Subsidiaries
	 	Office
	 	Chief Place of Business
	 	number
	 	Number

	Westlake International

	 	2801 Post Oak Blvd.,
	 	2801 Post Oak Blvd.,	 	 	 	 	 	 
	Corporation

	 	Houston, Texas 77056
	 	Houston, Texas 77056
	 	 	2304752	 	 	76-0377613

Schedule to Joinder Agreement

 

 

Schedule 2

LOCATION OF COLLATERAL

	 	 	 	 	 
	Street Address
	 	City
	 	State

	2801 Post Oak Blvd.

	 	Houston
	 	TX

Schedule to Joinder Agreement

 

 

Schedule 3

TRADENAMES

Westlake International Corporation

Schedule to Joinder Agreement

 

 

Schedule 4

None.

Schedule to Joinder Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}]]