XXXXXX INC. 1996 Form 10-K: EXHIBIT 10.18
PNC Bank, N.A. 000 000 0000 Tel Xxxxxx X. Xxxxxxxxxxx, CPA
0000 Xxxxxx Xxxxxx 000 000 0000 Fax Xxxx Xxxxxxxxx
Xxxxxxxxxxxx, XX 00000
December 5, 1996
PNC Bank
Xxxx X. xxx Xxxxx, Xx.
Senior Vice President & CFO
Xxxxxx Inc.
00 Xxxxx Xxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000-0911
RE: Amended and Restated Credit Agreement, Dated as of April 22, 1992, and
Amended and Restated as of September 30, 1992 and the First Amendment
To Loan Documents dated January 15, 1995 among Xxxxxx Inc. and Xxxxxx
Steel Company, as the Borrowers, Certain Commercial Lending
Institutions, The Toronto-Dominion Bank and NBD Bank, N.A., as the co-
agents and PNC Bank, National Association, as the Administrative Agent
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("Revolver")
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Dear Xxxx:
As Administrative Agent, I am pleased to inform you that Xxxxx'x Extension
Request has received unanimous consent by the Xxxxxx'x Bank Group. As required
under Section 2.7.2 of the "Revolver", each Lender notified the Administrative
Agent of its consent within 45 days of receiving the Extension Request.
As a result of these actions under Section 2.7, the "Revolving Loan Commitment
Termination Date" and the "Stated Maturity Date" are hereby amended to January
15, 2002. With the completion of this extension, the next anniversary of the
Effective Date is January 15, 1998. I have attached a photocopy of each
Lender's notification of their consent to the Extension Request for your
records.
We appreciate the opportunity to continue working with Xxxxxx. Best wishes for
happy and healthy holidays to you and your family and all of the Xxxxxx
organization.
Best regards,
/s/ Xxxxxx X. Xxxxxxxxxxx
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Xxxxxx X. Xxxxxxxxxxx
Vice President
cc: The Toronto Dominion Bank
NBD Bank, N.A.
CoreStates Bank N.A.
Bank of America Illinois
Mellon Bank, N.A.
First Fidelity Bank, X.X.
Xxxxxx Guaranty Trust Company of New York
Wachovia Bank of Georgia, N.A.
Trust Company Bank
