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LOCATION: Melville, N.Y. AMOUNT: $500 mil. TYPE: Revolving credit, LCs up to $50 mil. ADMINISTRATIVE AGENT: Chase Manhattan SYNDICATION AGENT: Union Bank of Switzerland DOCUMENTATION AGENT: PNC Bank OTHER LENDERS: Bayerische Vereinsbank, BankAmerica, BT Alex. Brown, Bank of New York, First Union, KeyBank, LaSalle Bank, Summit Bank, First National Bank of Maryland, Fleet Bank, Mellon Bank, Bank Leumi PURPOSE: Working capital ACTIVE: 7/23/98 MATURITY: 7/23/01 PRICING: Based on credit rating as follows, BBB-/Baa3, Libor + 90 basis points; BBB/Baa2, Libor + 80 bps; BBB+/Baa1, Libor + 75 bps; A- /A3 or higher, Libor + 65 bps NOTE: Prior to the adjustment or if the company loses its credit rating pricing is based on the leverage ratio as follows, less than or equal to 30%, Libor + 112.5 basis points; 30%-40%, Libor + 120 bps; greater than 40%, Libor + 137.5 bps COMMITMENT FEE: Based on the leverage ratio as follows, less than 40%, 15 basis points on available; greater than 40%, 20 bps LC FEE: Applicable Libor margin BUSINESS: Real estate SALES: $153.3 mil. RATING: Ba2/NR (Pref.)