REVOLVING CREDIT AGREEMENT
This Revolving Credit Agreement (the "Agreement") is made and entered into as of June 15, 1995, by and
between NATIONSBANK OF TEXAS, N.A. ("NationsBank") and INTERNATIONAL RECTIFIER
CORPORATION (the "Borrower") on the terms and conditions set forth below:
SECTION I DEFINITIONS
1.01 CERTAIN DEFINED TERMS. Unless elsewhere defined in this Agreement, the following terms shall have
the following meanings (such meanings to be generally applicable to the singular and plural forms of the terms
(a) "ADVANCE" shall mean an advance to the Borrower under the Revolving Credit Facility.
(b) "AFFILIATE" shall mean, as to any Person that, directly or indirectly, controls, is controlled by or is under
common control with such Person.
(c) "APPLICATIONS" shall mean NationsBank's form "Application" (in the case of standby Letter of Credit)
and form "Application" (in the case of a commercial Letter of Credit) which are Exhibits A and B respectively to
NationsBank's form "Master Agreement for Letters of Credit" attached to this Agreement as Exhibit B.
(d) "BANKRUPTCY CODE" shall mean the Bankruptcy Reform Act, Title 11 of the United States code, as
amended or recodified from time to time.
(e) "BUSINESS DAY" shall mean a day other than a Saturday or Sunday on which commercial banks are open
for business in the State of Texas, and, with respect to LIBO Rate Advances, on which dealings are carried on in
the London interbank market and banks are open for business in London.
(f) "COMMITMENT" shall mean the obligation of NationsBank, in accordance with the terms of this Agreement,
to make the Advances to the Borrower and to issue Letters of Credit for the account of the Borrower in a
combined aggregate principal amount at any one time outstanding of Ten Million Dollars ($10,000,000.00).
(g) "CONSOLIDATED OPERATING LOSS" shall mean a loss from operations before other income and
expenses, income taxes and extraordinary items as set forth on the Borrower's consolidated stat