Item 1.01 Entry into a Material Definitive Agreement.
Effective September 9, 2009, Flowserve Corporation, a New York corporation (the "Company"), Flowserve B.V. and certain other foreign subsidiaries of the Company entered into a Second Amendment to Letter of Credit Agreement (the "Amendment") with ABN AMRO Bank N.V., as an issuing bank and the administrative agent, Calyon and Deutsche Bank AG New York Branch. The Amendment extends the "Termination Date" of the Letter of Credit Agreement by and among the parties dated September 14, 2007, as amended (the "Agreement"), from September 11, 2009 to November 9, 2009.
All other provisions of the Agreement remain unmodified and in full force and effect, including the Company's obligations to continue to guarantee any and all obligations and liabilities of its subsidiaries and itself under the terms of the Agreement.
The above discussion of the Amendment is qualified in its entirety by reference to the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. Exhibit No. Description 10.1 Second Amendment to Letter of Credit Agreement, dated as of September 9, 2009 among Flowserve Corporation, Flowserve B.V. and other subsidiaries of the Company party thereto, ABN AMRO Bank, N.V., as Administrative Agent and an Issuing Bank, and the other financial institutions party thereto.

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