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Exhibit (b)(2)
NBD Bank, as Agent
000 Xxxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
December 23, 1997
Invacare Corporation
000 Xxxxxxxxx Xxxxxx
X.X. Xxx 0000
Xxxxxx, Xxxx 00000-0000
Attention: Chief Financial Officer
Re: Loan Agreement dated as of November 18, 1997 (the "Loan
Agreement") among Invacare Corporation (the "Company") and
certain other Borrowers named therein, the Banks named
therein, NBD Bank, as Agent, and KeyBank National Association,
as Co-Agent
Ladies and Gentlemen:
The Borrowers have requested that NBD Bank increase its Commitment
under the Loan Agreement from $85,000,000 to $92,500,000 and that KeyBank
National Association increase its Commitment under the Loan Agreement from
$75,000,000 to $82,500,000. NBD Bank and KeyBank National Association each
hereby agree to increase their respective Commitments to such respective amounts
as set forth next to their respective name on the Schedule of Commitments
attached hereto. By its acceptance below, Invacare Corporation hereby consents
and agrees to the Schedule of Commitments attached hereto.
The agreements set forth herein shall not become binding on any party
hereto until a duly authorized officer of each party hereto shall have executed
a counterpart of this letter and delivered such counterpart to the Agent. The
terms used but not defined herein shall have their respective meanings ascribed
thereto in the Loan Agreement.
NBD BANK, as Agent and as a Bank
By: /s/ Xxxxxxxx X. Xxxxx
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Its: First Vice President
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KEYBANK NATIONAL ASSOCIATION, as Co-
Agent and as a Bank
By: /s/ Xxxxxxx X. Xxxxx
-----------------------------------------
Its: Vice President
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Accepted and Agreed:
INVACARE CORPORATION, as Treasury
Manager for the Borrowers
By: /s/ Xxxxxx X. Xxxxxxx
---------------------------------------
Its: Chief Financial Officer
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SCHEDULE OF COMMITMENTS
Percentage of
Commitment Revolving Credit
Bank Amount Commitment
---- ---------- ----------------
NBD Bank $92,500,000 21.77%
KeyBank National Association 82,500,000 19.42%
National City Bank 50,000,000 11.77%
Societe Generale 25,000,000 5.88%
Sun Trust Bank, Central Florida, N.A. 25,000,000 5.88%
Wachovia Bank of Georgia, NA 25,000,000 5.88%
PNC Bank, National Association 25,000,000 5.88%
Commerzbank, Aktiengesellschaft,
Chicago Branch 25,000,000 5.88%
The Bank of New York 25,000,000 5.88%
Michigan National Bank 25,000,000 5.88%
Bank of Montreal 25,000,000 5.88%
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TOTAL COMMITMENT OF ALL OF THE BANKS: $425,000,000
