Common use of Replacement and Restatement Clause in Contracts

Replacement and Restatement. Subject to the conditions set forth in Section 3 hereof: (a) the Original Credit Agreement, including all schedules and exhibits thereto, is hereby terminated, subject to the applicable provisions set forth therein as to the survival of certain rights and obligations, and simultaneously replaced by a new credit agreement (the "New Credit Agreement") identical in form and substance to the Original Credit Agreement except as expressly set forth below. (b) The heading of the New Credit Agreement shall read as follows: "364-DAY CREDIT AGREEMENT dated as of March 18, 1999, among RAYTHEON COMPANY, a Delaware corporation (the "Borrower"), the Lenders (as defined in Article I), THE CHASE MANHATTAN BANK, a New York banking corporation, as administrative agent (in such capacity, the 'Administrative Agent') for the Lenders, and CITIBANK, N.A., as Documentation Agent (the 'Documentation Agent')." and all references to the "Closing Date" in the New Credit Agreement shall be deemed to refer to March 18, 1999. (c) The definitions of "Agents' Fees", "Fees", "Maturity Date" and "Utilization Fee" in Section 1.01 of the New Credit Agreement shall read as follows: 'Agents' Fees' shall have the meaning assigned to such term in Section 2.06(c).

Replacement and Restatement. Subject to the conditions set forth in Section 3 hereof: (a) the Original Credit Agreement, including all schedules and exhibits thereto, is hereby terminated, subject to the applicable provisions set forth therein as to the survival of certain rights and obligations, and simultaneously replaced by a new credit agreement (the "New Credit Agreement") identical in form and substance to the Original Credit Agreement except as expressly set forth below. (b) The heading of the New Credit Agreement shall read as follows: "FACILITY R 364-DAY CREDIT AGREEMENT dated as of March 18May 1, 19991998, among RAYTHEON COMPANY, a Delaware corporation (the "Borrower"), the Lenders (as defined in Article I), BANCAMERICA ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, as Syndication Agent (in such capacity the "Syndication Agent"), CANADIAN IMPERIAL BANK OF COMMERCE and CREDIT SUISSE FIRST BOSTON, as Documentation Agents (in such capacity, each a "Documentation Agent" and, collectively, the "Documentation Agents"), and THE CHASE MANHATTAN BANK, a New York banking corporation, as administrative agent (in such capacity, the '"Administrative Agent'") for the Lenders, and CITIBANK, N.A., as Documentation Agent (the 'Documentation Agent')." and all references to the "Closing Date" in the New Credit Agreement shall be deemed to refer to March 18May 1, 19991998. (ci) The definitions definition of "Agents' Fees", "Fees", "Maturity Date" and "Utilization Fee" in Section 1.01 of the New Credit Agreement shall read as follows: 'Agents' Fees' shall have the meaning assigned to such term in Section 2.06(c).: