Exhibit 10.15
March 19, 2007
FMC Technologies, Inc.
200 East Randolph Drive
Chicago, Illinois 606101
Ladies and Gentlemen:
We are pleased to advise you that WELLS FARGO BANK, N.A. (the “ Lender ”) has established for FMC
TECHNOLOGIES, INC., a Delaware corporation (the “ Borrower ”), an uncommitted line of credit with aggregate advances (“
Loans ”) outstanding thereunder not at any time to exceed $100,000,000. Terms not defined herein have the meanings set forth
in the Credit Agreements or otherwise assigned to them in Exhibit A hereto. The terms and conditions of the line of credit are as
follows:
Each Eurodollar Rate Loan shall be in a principal amount of $2,000,000 or a whole multiple of $1,000,000 in excess
thereof. Each Base Rate Loan shall be in a minimum principal amount of $500,000. There shall not be more than five
(5) different Interest Periods in effect at any time.
FMC Technologies, Inc.
March 19, 2007
Page 2
The Borrower promises to pay interest (i) for each Eurodollar Rate Loan, (A) on the last day of the applicable Interest
Period, and, if the Interest Period is longer than three months, on the respective dates that fall every three months
after the beginning of the Interest Period, and (B) on the date of any conversion of such Loan to a Base Rate Loan;
(ii) for Base Rate Loans, on the last Business Day of each calendar quarter; and (iii) for all Loans, on the Maturity
Date.
While any Event of Default exists, the Borrower shall pay, but only to the extent permitted by law, interest (after as
well as before judgment) on such amounts at a rate per annum equal to the Base Rate plus 2%. Accrued and unpaid
interest on past due amounts shall be payable on demand.
In no case shall interest hereunder exceed the amount that the Lender may charge or collect under applicable law.
The Borrower shall make all payments required hereunder not later than 2:00 p.m. on the date of payment in same day
funds in Dollars at the office of the Lender