Document:

Exhibit
10.61

AMENDMENT NO. 5

THIS AMENDMENT NO.
5 TO THE RECEIVABLES TRANSFER AGREEMENT (the
‘‘Amendment’’) is entered
into as of December  31,  2005 by and among Nalco
Receivables LLC, as transferor (the
‘‘Transferor’’), Nalco
Company (‘‘NALCO’’ and
together with the Transferor, the ‘‘Nalco
Parties’’), as Collection Agent, Park Avenue
Receivables Company, LLC, as a CP Issuer and JPMorgan Chase Bank, N.A.,
as a Funding Agent, an APA Bank and as Administrative Agent. Defined
terms used herein and not otherwise defined herein shall have the
meaning given to them in the RTA (defined
below).

PRELIMINARY STATEMENTS

A. The
Transferor, NALCO, the Transferees, the Funding Agent and the
Administrative Agent are parties to that certain Receivables Transfer
Agreement among the parties referred to above dated as of June
25,  2004, as amended by (i) Waiver and Amendment No. 1 among the
parties referred to above entered into as of March  30,
2005, (ii) Amendment No. 2 among the parties referred to above entered
into as of June  30,  2005, (iii) Amendment No. 3 among the
parties referred to above entered into as of September
30,  2005, and (iv) Amendment No. 4 among the parties referred to
above entered into as of December  31,  2005 (the
‘‘RTA’’).

B. The
Transferor has requested an amendment of certain provisions of the
RTA.

C. The Transferees, the Funding Agents, the Required
APA Banks and the Administrative Agent have agreed to such request on
and subject to the terms and conditions hereinafter set
forth.

D. JPMorgan Chase Bank, N.A. is the only APA Bank
as of the date hereof and constitutes the Required APA
Banks.

NOW, THEREFORE, in consideration of the premises set forth
above, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby
agree as follows:

1. Accuracy of Preliminary
Statements.    The parties agree that the foregoing Preliminary
Statements are true and correct in all
respects.

2. Amendments.    Section 7.1(l) and
Section 7.1(m) of the RTA are hereby amended to read in their entirety
as follows:

‘‘(l) the
average Default Ratio for the three (3) preceding Monthly Settlement
Periods exceeds 2.65% (except 3.75% in the case of each
of the Monthly Settlement Periods ending on the last day of each month
from and including March, 2005 to and including February, 2006);
or’’

‘‘(m) the
average Delinquency Ratio for the three (3) preceding Monthly
Settlement Periods exceeds 5.80% (except 8.50% in the
case of each of the Monthly Settlement Periods ending on the last day
of each month from and including March, 2005 to and including February,
2006); or’’

3. Condition
Precedent.    This Amendment shall become effective and be
deemed effective as of the date first above written (the
‘‘Effective Date’’) upon
receipt by the Administrative Agent of an executed counterpart of this
Amendment from each of the parties hereto.

4.
 Covenants, Representations and Warranties of the Nalco
Parties.

(a) On the Effective Date, each of the Nalco
Parties hereby reaffirms all covenants, representations and warranties
made by such Nalco Party in the RTA, to the extent the same are not
modified hereby and agrees that all such covenants, representations and
warranties shall be deemed to have been re-made as of the Effective
Date.

(b) Each of the Nalco Parties hereby represents and
warrants that this Amendment constitutes the legal, valid and binding
obligation of such Nalco Party, enforceable against such Nalco Party in

1

accordance with its terms. The execution,
delivery and performance by each Nalco Party of this Amendment: (i) are
within such Nalco Party’s power; (ii) have been duly authorized
by all necessary or proper corporate action; (iii) are not in
contravention of any provision of such Nalco Party’s certificate
of incorporation, bylaws or other organizational documents; (iv) will
not violate any law applicable to such Nalco Party; (v) will not
conflict with or result in the breach or termination of, constitute a
default under or accelerate any performance required by, any indenture,
mortgage, deed of trust, lease, agreement or other instrument to which
such Nalco Party is a party or by which such Nalco Party or any of its
respective property is bound; (vi) will not result in the creation or
imposition of any lien upon any of the property of such Nalco Party;
and (vii) do not require the consent or approval of any governmental
authority or any other Person, except those which were duly obtained,
made or complied with prior to the Effective
Date.

5. Reference to and Effect on the
RTA.

(a) On the Effective Date, each reference in the
RTA and in each of the other Transaction Documents to
‘‘this Agreement,’’
‘‘hereunder,’’
‘‘hereof,’’
‘‘herein,’’ or words of like import shall
mean and be a reference to the RTA as modified hereby, and each
reference to the RTA in any other document, instrument or agreement
executed and/or delivered in connection with the RTA shall mean and be
a reference to the RTA as modified hereby.

(b) Except as
specifically modified hereby, the RTA, each of the other Transaction
Documents and all other documents, instruments and agreements executed
and/or delivered in connection therewith shall remain in full force and
effect and are hereby ratified and confirmed.

(c) Except
as expressly provided in Section 2 hereof, the execution,
delivery and effectiveness of this Amendment shall not operate as a
waiver of any right, power or remedy of the Transferees, the Funding
Agents or the Administrative Agent under the RTA or any of the other
Transaction Documents, nor constitute a waiver of, amendment of,
consent to or other modification of any other term, provision,
Termination Event, or of any term or provision of any other Transaction
Document, or of any transaction or further or future action of the
Transferor which would require the consent of the Transferees, the
Funding Agents or the Administrative Agent under the RTA. Without
limiting the generality of the foregoing, the execution, delivery and
effectiveness of this Amendment shall not entitle the Transferor to a
waiver of any existing or hereafter arising Termination Event, nor
shall the execution and delivery of this Amendment by the Transferees,
the Funding Agents or the Administrative Agent establish a course of
dealing among the Transferees, the Funding Agents, the Administrative
Agent and the Transferor or in any other way obligate the Transferees,
the Funding Agents or the Administrative Agent to hereafter provide any
waiver or extension to the Transferor for the payment or performance by
the Transferor of its obligations under the RTA and the Transaction
Documents prior to the enforcement by the Transferees, the Funding
Agents and the Administrative Agent of any of their respective rights
and remedies under the RTA and the other Transaction
Documents.

6. GOVERNING LAW.    THIS AMENDMENT
SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK.

7. Execution in
Counterparts.    This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts,
each of which when so executed and delivered shall be deemed to be an
original and all of which taken together shall constitute but one and
the same instrument.

8. Headings.    Section
headings in this Amendment are included herein for convenience or
reference only and shall not constitute a part of this Amendment for
any other purpose.

SIGNATURE PAGE
FOLLOWS

2

IN WITNESS WHEREOF, the parties hereto have
caused this Amendment to be executed by their respective officers
thereto duly authorized as of the date first written
above.

															
	 		NALCO
RECEIVABLES LLC,
as Transferor		 
	 		 		 		 
	 		By:		/s/ Susan F.
Buchanan                

Name:   Susan F.
Buchanan
Title:    Assistant
Treasurer		 
	 		 		 		 
	 		NALCO
COMPANY, as Collection
Agent		 
	 		 		 		 
	 		By:		/s/ Susan F.
Buchanan                

Name:   Susan F.
Buchanan
Title:    Assistant
Treasurer		 
	 		 		 		 
	 		PARK
AVENUE RECEIVABLES COMPANY,
LLC		 
	 		 		 		 
	 		By:		JPMorgan Chase Bank, N.A., as
attorney-in-fact		 
	 		 		 		 
	 		By:		/s/ Brian J.
Zimmer                    

Name:   Brian J.
Zimmer
Title:    Vice
President		 
	 		 		 		 
	 		JPMORGAN
CHASE BANK, N.A., as an APA Bank,
 a Funding Agent and as
Administrative
Agent
	 		 		 		 
	 		By:		/s/ Brian J.
Zimmer                    

Name:   Brian J.
Zimmer
Title:    Vice
President		 
	

3Exhibit
10.62

AMENDMENT NO. 4
TO
 CREDIT
AGREEMENT

This AMENDMENT NO. 4 to CREDIT
AGREEMENT, dated as of February 22, 2006 (this
‘‘Amendment’’), is entered into
among NALCO HOLDINGS LLC, a Delaware limited liability
company (‘‘Holdings’’), NALCO
COMPANY, a Delaware corporation (the ‘‘U.S.
Borrower’’) and CITICORP NORTH AMERICA,
INC., in its capacity as administrative agent for the Lenders
and as agent for the Secured Parties (in such capacity, the
‘‘Administrative Agent’’), and
amends the Credit Agreement dated as of November  4,  2003
(as amended to the date hereof and as the same may be further amended,
supplemented or otherwise modified from time to time, the
‘‘Credit Agreement’’) entered into
among Holdings, the U.S. Borrower, the institutions from time to time
party thereto as Lenders (the
‘‘Lenders’’) and the Administrative
Agent. Capitalized terms used herein and not otherwise defined herein
shall have the meanings ascribed to them in the Credit
Agreement.

W I T N E S S E T
H:

WHEREAS, the U.S. Borrower has requested
that the Lenders amend the Credit Agreement to effect the changes
described below;

NOW, THEREFORE, in consideration
of the premises and for other good and valuable consideration (the
receipt and sufficiency of which is hereby acknowledged), the parties
hereto hereby agree as follows:

Section 1.     Amendments
to the Credit Agreement

The Credit Agreement is, effective
as of the Amendment No. 4 Effective Date, hereby amended to (a) delete
the references to ‘‘2.00%’’ and
‘‘1.00%’’ in clause (ii) of the
definition of ‘‘Applicable Margin’’
set forth in Section 1.01 of the Credit Agreement and replace such
references with ‘‘1.75%’’ and
‘‘0.75%’’, respectively; and
(b) delete section 9.08(g) of the Credit Agreement in its
entirety.

Section 2.     Conditions Precedent to the
Effectiveness of this Amendment

This Amendment shall become
effective as of the date first written above when, and only when, each
of the following conditions precedent shall have been satisfied or
waived (the ‘‘Amendment No. 4 Effective
Date’’) by the Administrative Agent:

(a)
 Executed Counterparts. The Administrative Agent shall
have received this Amendment, duly executed by Holdings, the U.S.
Borrower, the Administrative Agent, the Required Lenders and each of
the Term B Lenders;

(b)  Corporate and Other
Proceedings. All corporate and other proceedings, and all
documents, instruments and other legal matters in connection with the
transactions contemplated by this Amendment shall be reasonably
satisfactory in all respects to the Administrative Agent;

(c)
 No Default or Event of Default. After giving effect to
this Amendment, no Default or Event of Default shall have occurred and
be continuing, either on the date hereof or on the Amendment No. 4
Effective Date; and

(d)  Fees and Expenses Paid.
The U.S. Borrower shall have paid all reasonable out-of-pocket costs
and expenses of the Administrative Agent in connection with the
preparation, reproduction, execution and delivery of this Amendment
(including, without limitation, the reasonable fees and out-of-pocket
expenses of counsel for the Administrative Agent with respect thereto)
and all other costs, expenses and fees due under any Loan
Document.

Section 3.     Representations and
Warranties

On and as of the Amendment No. 4 Effective Date,
after giving effect to this Amendment, the U.S. Borrower hereby
represents and warrants to the Administrative Agent and each Lender as
follows:

1

(a)     this Amendment has been duly
authorized, executed and delivered by the U.S. Borrower and Holdings
and constitutes the legal, valid and binding obligations of the U.S.
Borrower and Holdings enforceable against the U.S. Borrower and
Holdings in accordance with its terms and the Credit Agreement as
amended by this Amendment and constitutes the legal, valid and binding
obligation of the U.S. Borrower and Holdings enforceable against the
U.S. Borrower and Holdings in accordance with its terms;

(b)
    each of the representations and warranties contained in
Article III (Representations and Warranties) of the
Credit Agreement and each other Loan Document is true and correct in
all material respects on and as of the Amendment No. 4 Effective Date,
as if made on and as of such date and except to the extent that such
representations and warranties specifically relate to a specific date,
in which case such representations and warranties shall be true and
correct in all material respects as of such specific date;
provided, however, that references therein to the
‘‘Credit Agreement’’ shall be deemed
to refer to the Credit Agreement as amended hereby and after giving
effect to the consents and waivers set forth herein; and

(c)
    no Default or Event of Default has occurred and is
continuing.

Section 4.     Fees and
Expenses

The U.S. Borrower and each other Loan Party agrees
to pay on demand in accordance with the terms of Section 9.05
(Costs and Expenses) of the Credit Agreement all reasonable
out-of-pocket costs and expenses of the Administrative Agent in
connection with the preparation, reproduction, execution and delivery
of this Amendment (including, without limitation, the reasonable fees
and out-of-pocket expenses of counsel for the Administrative Agent with
respect thereto).

Section 5.     Reference to the Effect
on the Loan Documents

(a)     As of the Amendment No. 4
Effective Date, each reference in the Credit Agreement to
‘‘this Agreement,’’
‘‘hereunder,’’
‘‘hereof,’’
‘‘herein,’’ or words of like import,
and each reference in the other Loan Documents to the Credit Agreement
(including, without limitation, by means of words like
‘‘thereunder’’,
‘‘thereof’’ and words of like
import), shall mean and be a reference to the Credit Agreement as
amended hereby, and this Amendment and the Credit Agreement shall be
read together and construed as a single instrument. Each of the table
of contents and lists of Exhibits and Schedules of the Credit Agreement
shall be amended to reflect the changes made in this Amendment as of
the Amendment No. 4 Effective Date.

(b)     Except as expressly
amended hereby or specifically waived above, all of the terms and
provisions of the Credit Agreement and all other Loan Documents are and
shall remain in full force and effect and are hereby ratified and
confirmed.

(c)     The execution, delivery and effectiveness of
this Amendment shall not, except as expressly provided herein, operate
as a waiver of any right, power or remedy of the Lenders, the U.S.
Borrower, Lead Arranger or the Administrative Agent under any of the
Loan Documents, nor constitute a waiver or amendment of any other
provision of any of the Loan Documents or for any purpose except as
expressly set forth herein.

(d)     This Amendment is a Loan
Document.

Section 6.     Execution in
Counterparts

This Amendment may be executed in any number
of counterparts and by different parties in separate counterparts, each
of which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same agreement.
Signature pages may be detached from multiple separate counterparts and
attached to a single counterpart so that all signature pages are
attached to the same document. Delivery of an executed counterpart by
telecopy shall be effective as delivery of a manually executed
counterpart of this Amendment.

Section 7.     Governing
Law

This Amendment shall be governed by and construed in
accordance with the law of the State of New York.

2

Section 8.     Section
Titles

The section titles contained in this Amendment are
and shall be without substantive meaning or content of any kind
whatsoever and are not a part of the agreement between the parties
hereto, except when used to reference a section. Any reference to the
number of a clause, sub-clause or subsection of any Loan Document
immediately followed by a reference in parenthesis to the title of the
section of such Loan Document containing such clause, sub-clause or
subsection is a reference to such clause, sub-clause or subsection and
not to the entire section; provided, however, that, in
case of direct conflict between the reference to the title and the
reference to the number of such section, the reference to the title
shall govern absent manifest error. If any reference to the number of a
section (but not to any clause, sub-clause or subsection thereof) of
any Loan Document is followed immediately by a reference in parenthesis
to the title of a section of any Loan Document, the title reference
shall govern in case of direct conflict absent manifest
error.

Section 9.     Notices

All
communications and notices hereunder shall be given as provided in the
Credit Agreement.

Section 10.
 Severability

The fact that any term or provision of
this Agreement is held invalid, illegal or unenforceable as to any
person in any situation in any jurisdiction shall not affect the
validity, enforceability or legality of the remaining terms or
provisions hereof or the validity, enforceability or legality of such
offending term or provision in any other situation or jurisdiction or
as applied to any person.

Section 11.
 Successors

The terms of this Amendment shall be
binding upon, and shall inure to the benefit of, the parties hereto and
their respective successors and assigns.

Section 12.
 Waiver of Jury Trial

EACH OF THE PARTIES
HERETO IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR PROCEEDING
WITH RESPECT TO THIS AMENDMENT OR ANY OTHER LOAN
DOCUMENT.

[SIGNATURE PAGES
FOLLOW]

3

IN WITNESS WHEREOF,
the parties hereto have caused this Amendment to be executed by their
respective officers and general partners thereunto duly authorized, as
of the date first written above.

		NALCO
HOLDINGS LLC 

			
		By: 	/s/
Stephen N. Landsman

Name: Stephen N.
Landsman
Title:    Vice
President

		NALCO COMPANY, as the
U.S. Borrower

			
		By: 	/s/ Stephen N.
Landsman

Name: Stephen N. Landsman
Title:    Vice
President

		CITICORP NORTH AMERICA,
INC.,

as Administrative Agent and
Lender

			
		By: 	/s/ Daniel
Gouger

Name:Daniel Gouger
Title:Vice
President

4

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