EXHIBIT 10.20.16
Second Amendment to Letter Agreement (European Facility)
dated January 31, 1995
among the Registrant's Foreign Subsidiaries
and NBD Bank
NBD BANK
000 Xxxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Dated as of January 31, 1995
Hurco Europe Limited
Hurco GmbH Werkzeugmaschinen
CIM-Bausteine Vertrieb und Service
Re: Second Amendment to European Facility
Ladies and Gentlemen:
This letter amends the letter agreement with you dated June 17, 1993,
as previously amended by the letter agreement dated March 24, 1994 (as amended,
the "European Facility"), and is being entered into in conjunction with the
First Amendment to Credit Agreement of even date herewith with your parent,
Hurco Companies, Inc.
The definition of "Expiration Date" in the European Facility is amended
to read as follows:
"Expiration Date" means the earlier to occur of (a) February
1, 1996, and (b) the date on which NBD declares under
paragraph 13 all principal and interest on indebtedness to NBD
provided under this agreement to be immediately due and
payable.
Should the foregoing be agreeable to you, as it is to us, please indicate
your agreement and acceptance by executing and returning the enclosed copy of
this letter, whereupon the European Facility shall be amended as herein
provided, and references to the European Facility shall be to the European
Facility as so amended. Except as amended hereby, the European Facility shall
remain in full force and effect.
Very truly yours,
NBD Bank (formerly known as
NBD Bank, N.A.)
By: /S/ XXXXXX X. XXXXX
---------------------
Xxxxxx X. Xxxxx
Its: Second Vice President
Agreed and accepted:
HURCO EUROPE LIMITED
By: /S/ XXXXX X. XXXX
---------------------
Its: Director
Dated as of January 31, 1995
HURCO GmbH WERKZEUGMASCHINEN
CIM-BAUSTEINE VERTRIEB UND
SERVICE
By: /S/ XXXXXXX XXXXXXXXXX
----------------------
Its: General Manager
Dated as of January 31, 1995
