AMENDED AND RESTATED RECEIVABLES PARTICIPATION AGREEMENT
dated as of March 26, 1999
WEIRTON RECEIVABLES, INC.
WEIRTON STEEL CORPORATION
THE FINANCIAL INSTITUTIONS PARTIES HERETO
PNC BANK, NATIONAL ASSOCIATION
This AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT (as amended,
supplemented or otherwise modified from time to time, this "Agreement") is entered into as of March 26, 1999,
among WEIRTON RECEIVABLES, INC., a Delaware corporation, as seller (the "Seller"), WEIRTON STEEL
CORPORATION, a Delaware corporation ("Weirton"), as initial servicer (in such capacity, together with its
successors and permitted assigns in such capacity, the "Servicer"), THE FINANCIAL INSTITUTIONS
LISTED ON THE SIGNATURE PAGES HEREOF (the "Banks"), and PNC BANK, NATIONAL
ASSOCIATION, a national banking association ("PNC"), as facility agent for the Banks (in such capacity,
together with its successors and assigns in such capacity, the "Facility Agent").
PRELIMINARY STATEMENTS. Certain terms that are capitalized and used throughout this Agreement are
defined in Exhibit I. References in the Exhibits hereto to "the Agreement" refer to this Agreement, as amended,
supplemented or otherwise modified from time to time.
1. The Seller, the Facility Agent and certain other financial institutions are parties to the Receivables Participation
Agreement dated as of August 24, 1993, as heretofore amended (the "Original Agreement").
2. The parties desire to amend and restate the Original Agreement as hereinafter set forth.
3. The Seller desires to sell, transfer and assign an undivided percentage ownership interest in a pool of
receivables, and the Banks desire to acquire such undivided variable percentage interest, as such percentage
interest shall be adjusted from time to time based upon, in part, reinvestment payments that are made by the
In consideration of the mutual agreements, provisions and covenants contained herein, the parties hereto agree as