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EXHIBIT 4d
[THE STANDARD PRODUCTS CO. LETTERHEAD]
September 2, 1998
Metropolitan Life Insurance Company
Fixed Income Investments - Private Placement Unit
000 Xxxxxxx Xxxxxx
P.O. Box 633
Convent Station, NJ 07961-0633
Dear Sir or Madam:
Metropolitan Life Insurance Company, Metropolitan Insurance and Annuity
Company, and Metropolitan Property and Casualty Insurance Company (collectively,
the "Purchasers"), are holders of $75,000,000 aggregate principal amount of the
6.55% Senior Notes due December 16, 2003, as amended (the "Notes"), issued
pursuant to the Note Purchase Agreement, dated December 16, 1993 (the
"Agreements"), between The Standard Products Company (the "Company") and the
Purchasers.
As holders of the Notes and parties to the Agreements, and subject to the
agreement of the Company and the Purchasers as evidenced by their signatures set
forth below, the Purchasers hereby agree with the Company that Section 8.3
("Current Ratio") of the Notes shall be deleted from the Notes.
It is understood that no compensation has been paid to any other senior
lenders of the Company for agreement to the amendment referred to in this letter
and that all senior lenders have agreed to such amendment.
If you are in agreement with the foregoing amendment, please sign below and
return three of the enclosed copies of this letter to The Standard Products
Company, 0000 Xxxxx Xxxxxx Xxxx, Xxxxxxxx, Xxxxxxxx 00000, to the attention of
Xxxxxxx X. Xxxx, Treasurer.
Very truly yours,
THE STANDARD PRODUCTS COMPANY
By: /s/ XXXXXXX X. XXXX
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Xxxxxxx X. Xxxx, Treasurer
The foregoing amendment to the Agreement
is accepted and agreed to:
METROPOLITAN LIFE INSURANCE COMPANY
By: [SIG]
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METROPOLITAN PROPERTY AND
CASUALTY INSURANCE COMPANY
By: [SIG]
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METROPOLITAN INSURANCE AND
ANNUITY COMPANY
By: [SIG]
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