Document:

<PAGE>
                                                                    Exhibit 10.1

                               AMENDMENT NO. 2 TO
                      AMENDED AND RESTATED CREDIT AGREEMENT

                                                  Dated as of September 25, 2003

                  AMENDMENT NO. 2 TO AMENDED AND RESTATED CREDIT AGREEMENT among
POLYONE CORPORATION, an Ohio corporation (the "Borrower"), the banks, financial
institutions and other institutional lenders parties to the Amended and Restated
Credit Agreement referred to below (collectively, the "Lenders") and CITICORP
USA, INC., as administrative agent (the "Agent") for the Lenders.

                  PRELIMINARY STATEMENTS:

                  (1) The Borrower, the Lenders and the Agent have entered into
an Amended and Restated Credit Agreement dated as of May 6, 2003, as amended by
Amendment No. 1 dated as of August 27, 2003 (such Agreement, as amended, amended
and restated, supplemented or otherwise modified from time to time, the "Credit
Agreement"; terms defined in the Credit Agreement are used herein as therein
defined).

                  (2) The Borrower has requested, and the Required Lenders have
agreed, that the Credit Agreement be amended as hereinafter set forth.

         SECTION 1. Amendment to Credit Agreement. The Credit Agreement is,
effective as of the date hereof and subject to the satisfaction of the
conditions precedent set forth in Section 2, hereby amended as follows:

                  (1) Section 2.02(a) is hereby amended by deleting the phrase
"Exhibit B" in the seventh line therein and replacing it with the phrase
"Exhibit B-1";

                  (2) Section 2.03(a)(i) is hereby amended to (a) add the phrase
"in substantially the form of Exhibit B-2" immediately after the phrase "or
telecopier or telex" in the second sentence thereof and (b) add the following
sentence at the end thereof:

         "Unless otherwise precluded by the context, in this Agreement,
         including without limitation, Sections 2.03 and 3.02 hereof, the use of
         the words `issue' or `issuance' with respect to a Letter of Credit
         shall be deemed to include the renewal or extension of a Letter of
         Credit.";

                  (3) Section 3.02(a) is hereby amended to (a) delete the word
"and" from the end of clause (iii) thereof, (b) add the word "and" to the end of
clause (iv) thereof immediately following the semicolon, and (c) add the
following provision in its appropriate numerical order:

                  "(v) in the case of a Borrowing, after giving pro forma effect
         to such Borrowing as if such Borrowing were made on the first day of
         the period of determination, the Interest Coverage Ratio most recently
         calculated would not be less than 1.00:1 and the Borrowed Debt/Adjusted
         EBITDA Ratio most recently calculated

<PAGE>

         would not be more than 4.75:1; and, in the case of an issuance of a
         Letter of Credit, the aggregate Available Amount of the Letters of
         Credit outstanding will not exceed $35,000,000, unless, after giving
         pro forma effect to such Issuance as if such Issuance were made on the
         first day of the period of determination, the Interest Coverage Ratio
         most currently calculated would not be less than 1.00:1 and the
         Borrower Debt/Adjusted EBITDA Ratio most recently calculated would not
         be more than 4.75:1;";

                  (4) Section 5.03(a) is hereby amended and restated in its
entirety to read as follows:

                  (a) Interest Coverage Ratio. Maintain an Interest Coverage
         Ratio during each fiscal quarter set forth below of not less than the
         ratio set opposite such fiscal period:

<TABLE>
<CAPTION>
          -------------------------------------------------- -------------------
                               Period                             Ratio
          -------------------------------------------------- -------------------
<S>                                                              <C>
          July 1, 2003 through September 30, 2003                0.50:1
          -------------------------------------------------- -------------------
          October 1, 2003 through December 31, 2003              0.65:1
          -------------------------------------------------- -------------------
          January 1, 2003 through March 31, 2004                 0.75:1
          -------------------------------------------------- -------------------
          April 1, 2004 through June 30, 2004                    1.00:1
          -------------------------------------------------- -------------------
          July 1, 2004 through September 30, 2004                1.50:1
          -------------------------------------------------- -------------------
          October 1, 2004 through December 31, 2004              1.90:1
          -------------------------------------------------- -------------------
          January 1, 2005 through March 31, 2005                 2.25:1
          -------------------------------------------------- -------------------
          April 1, 2005 through June 30, 2005                    2.50:1
          -------------------------------------------------- -------------------
          July 1, 2005 through March 31, 2006                    2.75:1
          -------------------------------------------------- -------------------
          April 1, 2006 through June 30, 2006                    3.00:1
          -------------------------------------------------- -------------------
          July 1, 2006 and thereafter                            3.25:1
          -------------------------------------------------- -------------------
</TABLE>

                  (5) Section 5.03(b) is hereby amended and restated in its
entirety to read as follows:

                  (b) Borrowed Debt/Adjusted EBITDA Ratio. Maintain a Borrowed
         Debt/Adjusted EBITDA Ratio during each fiscal quarter set forth below
         of not more than the ratio set opposite such fiscal period:

<TABLE>
<CAPTION>
          --------------------------------------------------- ------------------
                                Period                                 Ratio
          --------------------------------------------------- ------------------
<S>                                                                   <C>
          July 1, 2003 through September 30, 2003                     20.00:1
          --------------------------------------------------- ------------------
          October 1, 2003 through December 31, 2003                   15.00:1
          --------------------------------------------------- ------------------
</TABLE>

                                                 2

<PAGE>
<TABLE>
<CAPTION>
<S>                                                            <C>
January 1, 2004 through March 31, 2004                         13.00:1
--------------------------------------------------- ----------------------------
April 1, 2004 through June 30, 2004                            10.25:1
--------------------------------------------------- ----------------------------
July 1, 2004 through September 30, 2004                         7.50:1
--------------------------------------------------- ----------------------------
October 1, 2004 through December 31, 2004                       5.75:1
--------------------------------------------------- ----------------------------
January 1, 2005 through March 31, 2005                          4.85:1
--------------------------------------------------- ----------------------------
April 1, 2005 through June 30, 2005                             4.50:1
--------------------------------------------------- ----------------------------
July 1, 2005 through September 30, 2005                         4.25:1
--------------------------------------------------- ----------------------------
October 1, 2005 through March 31, 2006                          3.85:1
--------------------------------------------------- ----------------------------
April 1, 2006 through June 30, 2006                             3.75:1
--------------------------------------------------- ----------------------------
July 1, 2006 and thereafter                                     3.25:1
--------------------------------------------------- ----------------------------
</TABLE>

                  (6) Exhibit B is hereby re-deisgnated to be "Exhibit B-1" and
is hereby amended to (a) delete the word "and" at the end of clause (B) thereof,
(b) change the period at the end of clause (C) thereof to a semicolon and add
the word "and" to the end of said clause (C) immediately following such
semicolon, and (c) add the following after clause (C) thereof:

                  "(D) the Available Capital (as defined in the Receivables
         Purchase Agreement) under the Receivables Financing, after giving
         effect to all Capital Investments (as defined in the Receivables
         Purchase Agreement) is less than $5,000,000; and

                   (E) after giving pro forma effect to such Proposed Borrowing
         as if such Borrowing were made on the first day of the period of
         determination, the Interest Coverage Ratio most recently calculated
         would not be less than 1.00:1 and the Borrowed Debt/Adjusted EBITDA
         Ratio most recently calculated would not be more than 4.75:1;";

                  (7) Exhibit B-2 attached as Annex I hereto is hereby added to
the Credit Agreement.

                                       3
<PAGE>

         SECTION 2. Conditions to Effectiveness. This Amendment shall become
effective as of the date first above written when, and only when the Agent shall
have received (i) counterparts of this Amendment executed by the Borrower and
the Required Lenders, (ii) certified copies of the resolutions of the Board of
Directors of the Borrower approving this Amendment and (iii) in immediately
available funds, for the ratable benefit of the Lenders, an amendment fee in the
amount of $62,500. This Amendment is subject to the provisions of Section 8.01
of the Credit Agreement.

         SECTION 3. Representations and Warranties of the Company. The Company
represents and warrants as follows:

                  (a) The execution, delivery and performance by the Borrower of
this Amendment and the Credit Agreement, as amended hereby, and the consummation
of the transactions contemplated hereby, are within the Borrower's corporate
powers, have been duly authorized by all necessary corporate action, and do not
(i) contravene the Borrower's charter or code of regulations, (ii) violate any
applicable law, rule, regulation, order, writ judgment, injunction, decree,
determination or award, or (iii) breach or result in a default under, or result
in the acceleration of (or entitle any party to accelerate) the maturity of any
obligation of the Borrower under, or result in or require the creation of any
Lien upon any property of the Borrower pursuant to the terms of any agreement or
instrument binding on or affecting the Borrower or any of its properties other
than in favor of the Collateral Trustee for the benefit of the Secured Parties.

                  (b) No authorization or approval or other action by, and no
notice to or filing with, any governmental authority or regulatory body or any
other third party is required for the due execution, delivery and performance by
the Borrower of this Amendment and the Credit Agreement, as amended hereby.

                  (c) This Amendment and the Credit Agreement, as amended
hereby, have been duly executed and delivered by the Borrower. This Amendment
and the Credit Agreement, as amended hereby, are the legal, valid and binding
obligation of the Borrower enforceable against the Borrower in accordance with
their respective terms, subject to bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting the rights of creditors generally and to
general equitable principles.

                  (d) The representations and warranties contained in the Loan
Documents are correct on and as of the date of this Amendment, as though made on
and as of such date.

         SECTION 4. Reference to and Effect on the Credit Agreement.

                  (a) On and after the effectiveness of this Amendment, each
reference in the Credit Agreement to "this Agreement", "hereunder", "hereof" or
words of like import referring to the Credit Agreement, and each reference in
each of the other Loan Documents to "the Credit Agreement", "thereunder",
"thereof" or words of like import referring to the Credit Agreement, shall mean
and be a reference to the Credit Agreement, as amended by this Amendment.

                  (b) The Credit Agreement and each of the other Loan Documents,
as specifically amended by this Amendment, is and shall continue to be in full
force and effect and is hereby in all respects ratified and confirmed. Without
limiting the generality of the foregoing,

                                       4
<PAGE>
the Collateral Documents and the Collateral described therein do and shall
continue to secure the payment of all Obligations of the Loan Parties under the
Loan Documents, in each case as amended by this Amendment.

                  (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 any Lender or the Agent under the Credit Agreement
or any other Loan Document, nor constitute a waiver of any provision of the
Credit Agreement.

         SECTION 5. Costs and Expenses. The Borrower agrees to pay on demand all
costs and expenses of the Agent in connection with the preparation, execution,
delivery and administration, modification and amendment of this Amendment and
the other instruments and documents to be delivered hereunder (including,
without limitation, title insurance premiums and search fees and the reasonable
fees and expenses of counsel for the Agent) in accordance with the terms of
Section 8.04 of the Credit Agreement

         SECTION 6. 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 shall be deemed to be an original
and all of which taken together shall constitute but one and the same agreement.
Delivery of an executed counterpart of a signature page to this Amendment by
telecopier 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 laws of the State of New York.

                                       5
<PAGE>

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

                              POLYONE CORPORATION

                              By  /s/ John Rastetter
                                  --------------------------------------------
                                  Title: Treasurer

                              CITICORP USA, INC.,
                              as Agent and as Lender

                              By  /s/ Carolyn A. Sheridan
                                  --------------------------------------------
                                  Title: Managing Director & Vice President

                              NATIONAL CITY BANK,
                              as Issuing Bank and as Lender

                              By  /s/ James Ritchie
                                  --------------------------------------------
                                  Title: Vice President

                              NATIONAL CITY COMMERCIAL FINANCE, INC.,
                              as Lender

                              By  /s/ James Ritchie
                                  --------------------------------------------
                                  Title: Vice President

                              KEYBANK NATIONAL ASSOCIATION,
                              as Lender

                              By  /s/ Marianne T. Meil
                                  --------------------------------------------
                                  Title: Vice President

<PAGE>

                                                                         Annex I

                                                 EXHIBIT B-2 - FORM OF NOTICE OF
                                                                        ISSUANCE

-------------,
as an Issuing Bank under the
Credit Agreement referred to
below

                                     [Date]

                  Attention: Bank Loan Syndications Department

Ladies and Gentlemen:

         The undersigned, PolyOne Corporation, refers to the Amended and
Restated Credit Agreement, dated as of May 6, 2003 (as amended or modified from
time to time, the "Credit Agreement", the terms defined therein being used
herein as therein defined), among the undersigned, certain Lenders parties
thereto and Citicorp USA, Inc., as Agent for said Lenders, and hereby gives you
notice, irrevocably, pursuant to Section 2.03 of the Credit Agreement that the
undersigned hereby requests an issuance of a Letter of Credit under the Credit
Agreement, and in that connection sets forth below the information relating to
such issuance (the "Proposed Issuance") as required by Section 2.03(a) of the
Credit Agreement:

         (a) The Business Day of the Proposed Issuance is _______________, 200_.

         (b) The Available Amount of such Letter of Credit is $____________.

         (c) The expiration date of such Letter of Credit is ____, 200_.

         (d) The name and address of the beneficiary of such Letter of Credit is
         as follows:

         NAME:___________________

         ADDRESS:________________

                 ________________

         (e) The form of such Letter of Credit is attached hereto as Annex II.

         The undersigned hereby certifies that the following statements are true
on the date hereof, and will be true on the date of the Proposed Issuance:

    1.  the representations and warranties contained in the Loan Documents are
        correct, before and after giving effect to the Proposed Issuance and to
        the application of the proceeds therefrom, as though made on and as of
        such date;

<PAGE>

    2.  no event has occurred and is continuing, or would result from such
        Proposed Issuance or from the application of the proceeds therefrom,
        that constitutes a Default;

    3.  the Indenture Limit exceeds the aggregate principal amount of the
        Advances plus the aggregate Available Amount of all Letters of Credit to
        be outstanding after giving effect to such Proposed Issuance, as
        evidenced by the calculations set forth on Annex I hereto; and

    4.  after giving effect to such Proposed Issuance, the aggregate Available
        Amount of the Letters of Credit outstanding will not exceed $35,000,000,
        unless, after giving pro forma effect to such Proposed Issuance as if
        such Proposed Issuance were made on the first day of the period of
        determination, the Interest Coverage Ratio most recently calculated
        would not be less than 1.00:1 and the Borrower Debt/Adjusted EBITDA
        Ratio most recently calculated would not be more than 4.75:1.

                                          Very truly yours,

                                          POLYONE CORPORATION

                                          By
                                             ---------------------------------
                                             Title:

                                       2
<PAGE>

                                     ANNEX I

<TABLE>
<CAPTION>
                                                                                                    2002       2003
                                                                                                    POLYONE    POLYONE
                                     AMOUNT %    GEON INDENTURE  HANNA 9 3/8 INDENTURE  HANNA MTNS  INDENTURE  INDENTURE
                                     --------    --------------  ---------------------  ----------  ---------  ---------
<S>                                     <C>      <C>             <C>                    <C>         <C>        <C>
Consolidated Tangible Assets              5%
Consolidated Net Tangible Assets         10%
Consolidated Shareholders Equity         10%
Consolidated Net Tangible Assets         10%
MAXIMUM LIMIT X .95
                                                 --------------  ---------------------  ----------  ---------  ---------
</TABLE>

<PAGE>

                                    ANNEX II

                        [Insert Form of Letter of Credit]<PAGE>
                                                                    Exhibit 10.2

                                 AMENDMENT NO. 1

                  AMENDMENT NO. 1 dated as of September 25, 2003 (this
"Amendment"), to the Receivables Purchase Agreement, dated as of May 6, 2003 (as
amended to the date hereof, the "Receivables Purchase Agreement"), among Polyone
Funding Corporation, a Delaware corporation (the "Seller"), Polyone Corporation,
an Ohio corporation ("PolyOne"), as the Servicer (as therein defined), the
Purchasers (as therein defined), Citicorp USA, Inc., a Delaware corporation, as
administrative agent (the "Agent") for the Purchasers and the other Owners (as
therein defined), Citibank, N.A., a national association, as issuing bank (the
"Issuing Bank"), and National City Commercial Finance, Inc., an Ohio
corporation, as the syndication agent. Capitalized terms used herein but not
defined herein are used as defined in the Receivables Purchase Agreement.

                              W I T N E S S E T H:

                  WHEREAS, the Seller, the Servicer, the Purchasers, the Issuing
Bank and the Agent are party to the Receivables Purchase Agreement and the
undersigned Purchasers constitute the Required Purchasers;

                  WHEREAS, the Seller has requested that the Agent and the
Purchasers constituting the Required Purchasers agree to amend the Receivables
Purchase Agreement to reduce the Interest Coverage Ratio the Servicer is
required to maintain; and

                  WHEREAS, pursuant to Section 11.01 (Amendments, Etc.) of the
Receivables Purchase Agreement, the consent of the Required Purchasers is
required to amend the provisions of the Receivables Purchase Agreement as set
forth herein;

                  NOW, THEREFORE, in consideration of the premises and the
covenants and obligations contained herein the parties hereto agree as follows:

         SECTION 1. AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT. Section 5.07 of
the Receivables Purchase Agreement is, effective as of the Amendment Effective
Date and subject the satisfaction (or due waiver) of the conditions set forth in
Section 2 (Conditions Precedent to the Effectiveness of this Amendment) hereof,
hereby amended by deleting the table therein in its entirety and replacing it
with the following table:

<TABLE>
<CAPTION>
                  -------------------------------------------- -----------------
                  FISCAL QUARTER                               RATIO
                  -------------------------------------------- -----------------
<S>                                                            <C>
                  September 30, 2003                           0.50 to 1
                  -------------------------------------------- -----------------
                  December 31, 2003                            0.65 to 1
                  -------------------------------------------- -----------------
                  March 31, 2004                               0.75 to 1
                  -------------------------------------------- -----------------
                  June 30, 2004                                1.00 to 1
                  -------------------------------------------- -----------------
                  September 30, 2004                           1.50 to 1
                  -------------------------------------------- -----------------
                  December 31, 2004                            1.90 to 1
                  -------------------------------------------- -----------------
                  March 31, 2005                               2.00 to 1
                  -------------------------------------------- -----------------
                  June 30, 2005                                2.25 to 1
                  -------------------------------------------- -----------------
</TABLE>

<PAGE>
<TABLE>
<S>                                                            <C>
                  -------------------------------------------- -----------------
                  September 30, 2005 and thereafter            2.5 to 1
                  -------------------------------------------- -----------------
</TABLE>

         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 (the "Amendment Effective Date") or duly waived by the
Agent:

         (a) CERTAIN DOCUMENTS

         The Agent shall have received each of the following, each dated the
Amendment Effective Date (unless otherwise agreed by the Agent), in form and
substance satisfactory to the Agent and in sufficient copies for each Purchaser:

               (i) this Amendment, duly executed by the Seller, the Servicer,
      the Agent and Purchasers constituting Required Purchasers; and

               (ii) such additional documentation as the Agent may reasonably
      require.

         (b) FEES AND EXPENSES PAID

         The Seller shall have paid to the Agent:

               (i) on behalf of each Purchaser approving this Amendment on or
      prior to 5:00 pm on September 25, 2003, an amendment fee equal to
      one-eighth of one percent (0.125%) of the aggregate amount of the
      Commitments of each consenting Purchaser and each other fee payable in
      connection with this Amendment; and

               (ii) all other obligations of the Seller due under the
      Transaction Documents, after giving effect to this Amendment, on or before
      the later of the date hereof and the Amendment Effective Date and all
      costs and expenses of the Agent in connection with the preparation,
      reproduction, execution and delivery of this Amendment and all other
      Transaction Documents entered into in connection herewith (including,
      without limitation, the reasonable fees and out-of-pocket expenses of
      counsel for the Agent with respect thereto and all other Transaction
      Documents) and all other costs, expenses and fees due under any
      Transaction Document.

      SECTION 3. REPRESENTATIONS AND WARRANTIES

         On and as of the date hereof and as of the Amendment Effective Date,
after giving effect to this Amendment, the Seller hereby represents and warrants
to the Agent and each Purchaser as follows:

         (a) this Amendment has been duly authorized, executed and delivered by
the Seller and the Servicer and constitutes a legal, valid and binding
obligation of the Seller and the Servicer, enforceable against the Seller and
the Servicer in accordance with its terms and the Receivables Purchase Agreement
as amended by this Amendment and constitutes the legal, valid and binding
obligation of the Seller and the Servicer, enforceable against the Seller and
the Servicer in accordance with its terms;

         (b) each of the representations and warranties contained in Article IV
(Representations and Warranties) of the Receivables Purchase Agreement, the
other Transaction Documents or in any certificate, document or financial or
other statement furnished at any time under or in connection therewith is true
and correct in all material respects on and as of the date hereof and the
Amendment Effective Date, in each case as if made on and as of such date and
except to the extent that

                                       2
<PAGE>

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 "Receivables Purchase Agreement" shall be deemed to refer to the
Receivables Purchase Agreement as amended hereby and after giving effect to the
consents and waivers set forth herein;

         (c) after giving effect to this Amendment, no Potential Event of
Termination or Event of Termination (except for those that may have been duly
waived) shall have occurred and be continuing, either on the date hereof or on
the Amendment Effective Date; and

         (d) no litigation has been commenced against the Seller, the Servicer,
or any Originator or any of their respective Subsidiaries seeking to restrain or
enjoin (whether temporarily, preliminarily or permanently) the performance of
any action by the Seller, the Servicer, or an Originator required or
contemplated by this Amendment, the Receivables Purchase Agreement or any
Transaction Document, in each case as amended hereby (if applicable).

      SECTION 4. REFERENCE TO THE EFFECT ON THE TRANSACTION DOCUMENTS

         (a) As of the Amendment Effective Date, each reference in the
Receivables Purchase Agreement to "this Agreement," "hereunder," "hereof,"
"herein," or words of like import, and each reference in the other Transaction
Documents to the Receivables Purchase Agreement (including, without limitation,
by means of words like "thereunder," "thereof" and words of like import), shall
mean and be a reference to the Receivables Purchase Agreement as amended hereby,
and this Amendment and the Receivables Purchase 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 Receivables Purchase Agreement shall be amended to
reflect the changes made in this Amendment as of the Amendment Effective Date.

         (b) Except as expressly amended hereby or specifically waived above,
all of the terms and provisions of the Receivables Purchase Agreement and all
other Transaction 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 Purchasers, Issuing Bank or the Agent under any of the
Transaction Documents, nor constitute a waiver or amendment of any other
provision of any of the Transaction Documents or for any purpose except as
expressly set forth herein.

         (d) This Amendment is a Transaction Document.

      SECTION 5. 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 6. GOVERNING LAW

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

                                       3
<PAGE>

      SECTION 7. 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.

      SECTION 8. NOTICES

         All communications and notices hereunder shall be given as provided in
the Transaction Documents.

      SECTION 9. 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 10. 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 11. 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 TRANSACTION
DOCUMENT.

                                       4
<PAGE>
         IN WITNESS WHEREOF, the parties hereto have caused this Amendment and
Waiver to be executed by their respective officers thereunto duly authorized, as
of the date first above written.

                                      POLYONE FUNDING CORPORATION,
                                           as Seller

                                      By:  /s/ John Rastetter
                                           -----------------------------
                                           Name:  John Rastetter
                                           Title: President

                                      POLYONE CORPORATION,
                                           as Servicer

                                      By:  /s/ John Rastetter
                                           -----------------------------
                                           Name:  John Rastetter
                                           Title: Treasurer

                                      CITICORP USA, INC.,
                                           as Agent and Purchaser

                                      By:  /s/ David Jaffe
                                           -----------------------------
                                           Name:  David Jaffe
                                           Title: Vice President

                                      NATIONAL CITY COMMERCIAL FINANCE, INC.,
                                           as Syndication Agent and Purchaser

                                      By:  /s/ James C. Ritchie
                                           -----------------------------
                                           Name:  James C. Ritchie
                                           Title: Vice President

                                      THE CIT GROUP/BUSINESS CREDIT, INC.,
                                           as a Purchaser

                                      By:  /s/ Renee M. Singer
                                           -----------------------------
                                           Name:  Renee M. Singer
                                           Title: Vice President

                         [Signature Page To Amendment]
<PAGE>

                                      FLEET CAPITAL CORPORATION,
                                           as a Purchaser

                                      By:  /s/ Michael Kerneklian
                                           --------------------------------
                                           Name:  Michael Kerneklian
                                           Title: Vice President

                                      GMAC COMMERCIAL FINANCE LLC,
                                           as a Purchaser

                                      By:  /s/ John Buff
                                           --------------------------------
                                           Name:  John Buff
                                           Title: Managing Director

                                      MERRILL LYNCH CAPITAL,
                                           a division of Merrill Lynch Business
                                           Financial Services, Inc.,
                                           as an Initial Purchaser

                                      By:  /s/ Tara Wrobel
                                           --------------------------------
                                           Name:  Tara Wrobel
                                           Title: Vice President

                                      LASALLE BUSINESS CREDIT, LLC,
                                           as an Initial Purchaser

                                      By:  /s/ Daniel K. Clancy
                                           --------------------------------
                                           Name:  Daniel K. Clancy
                                           Title: Vice President

                                      PNC BANK, N.A.,
                                           as an Initial Purchaser

                                      By:  /s/ Jacqueline MacKenzie
                                           --------------------------------
                                           Name:  Jacqueline MacKenzie
                                           Title: Assistant Vice President

                                      ORIX BUSINESS CREDIT GROUP,
                                      A DIVISION OF
                                      ORIX FINANCIAL SERVICES, INC.,
                                           as an Initial Purchaser

                                      By:  /s/ D. Darby Jones
                                           --------------------------------
                                           Name:  D. Darby Jones
                                           Title: Vice President

                         [Signature Page To Amendment]
<PAGE>

                                      U.S. BANK NATIONAL ASSOCIATION,
                                           as an Initial Purchaser

                                      By:  /s/ David A. Hickey
                                           --------------------------------
                                           Name:  David A. Hickey
                                           Title: AVP

                                      WHITEHALL BUSINESS CREDIT CORPORATION,
                                           as an Initial Purchaser

                                      By:  /s/ Joseph A. Klapkowski
                                           --------------------------------
                                           Name:  Joseph A. Klapkowski
                                           Title: Duly Authorized Signatory

                         [Signature Page To Amendment]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00058-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00058-of-00352.parquet"}]]