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Exhibit 99.2
Warburg, Xxxxxx Equity Partners, L.P.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
June 25, 2001
Dime Bancorp, Inc.
000 Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Ladies and Gentlemen:
As you are aware, we are entering into a Warrant Purchase and
Voting Agreement, dated as of the date hereof (the "Warrant Agreement") with
Washington Mutual, Inc. Unless other wise defined in this letter, capitalized
terms used herein shall have the meanings set forth in the Warrant Agreement.
In connection with the Warrant Agreement, you have requested that we agree to
refrain from putting or exercising the Warrants during the term of the Merger
Agreement. We hereby agree to refrain from putting or exercising the Warrants
during the term of the Merger Agreement; provided, however, that in the event
that the Merger Agreement is terminated, our rights under the Investment
Agreement shall be unaffected and no rights shall be deemed to have expired or
been forfeited or lost due to the pendency of the Merger or the Merger
Agreement, including, without limitation, any failure on our part to exercise
any put rights set forth in the Investment Agreement; provided, further, that
in the event that the Merger Agreement is terminated, neither the execution of
the Merger Agreement nor any favorable recommendations made by you to your
stockholders regarding the Merger Agreement or the transactions contemplated
therein shall be deemed to be a Preliminary Control Event (as defined in the
Investment Agreement) for purposes of Section 4.2(d) of the Investment
Agreement and Exhibit 10 thereto.
This letter may be executed in any number of counterparts, each
of which shall be considered an original, and all of which shall be deemed one
and the same instrument. This letter shall be governed by and construed in
accordance with the laws of the State of New York, without reference to the
conflict of laws rules of such State.
[The next page is the signature page.]
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IN WITNESS WHEREOF, each party hereto, by its representative, has executed this
letter as of the date first above written, and such party and its
representative warrant that such representative is duly authorized to execute
and deliver this letter for and on behalf of such party.
DIME BANCORP, INC.
/s/Xxxxx X. Xxxxx
By:--------------------------------------------
Name: Xxxxx X. Xxxxx
Title Executive Vice President/General
counsel
WARBURG, XXXXXX EQUITY PARTNERS, L.P.
By: Warburg, Xxxxxx & Co., its general partner
Xxxxxxx Xxx
By:--------------------------------------------
Name: Xxxxxxx Xxx
Title: Partner
WARBURG, XXXXXX NETHERLANDS EQUITY
PARTNERS I, C.V.
By: Warburg, Xxxxxx & Co., its general partner
Xxxxxxx Xxx
By:--------------------------------------------
Name: Xxxxxxx Xxx
Title: Partner
WARBURG, XXXXXX NETHERLANDS EQUITY
PARTNERS II, C.V.
By: Warburg, Xxxxxx & Co., its general partner
Xxxxxxx Xxx
By:--------------------------------------------
Name: Xxxxxxx Xxx
Title: Partner
WARBURG, XXXXXX NETHERLANDS EQUITY
PARTNERS III, C.V.
By: Warburg, Xxxxxx & Co., its general partner
Xxxxxxx Xxx
By:--------------------------------------------
Name: Xxxxxxx Xxx
Title: Partner
