Exhibit 10.9
AMENDMENT TO ACCEPTANCE CREDIT AGREEMENT
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THIS AMENDMENT is made this 26th day of March, 1997, by and between
ARMOR HOLDINGS, INC. (the "Borrower") and XXXXXXX BANK, N.A. (the "Bank").
Recitals
The Borrower and the Bank entered into an Acceptance Credit Agreement
(as amended from time to time, the "Acceptance Agreement") dated November 14,
1996, pursuant to which the Bank has provided an acceptance credit facility to
the Borrower. The parties wish to amend the Acceptance Agreement in accordance
with the terms hereof.
NOW, THEREFORE, for good and valuable consideration, the parties agree
as follows:
1. Section 7 of the Acceptance Agreement is hereby amended so that,
from and after the date hereof, such section shall read as follows:
7. The Bank's obligation to accept Drafts hereunder shall
terminate on the Revolving Expiration Date (as defined in the Note).
The Bank shall not in any event be required to accept Drafts hereunder
during the continuance of a Default or an Event of Default hereunder
or under the Loan Agreement.
2. From and after the date hereof, all references in the Acceptance
Agreement to the "Loan Agreement" shall mean the Amended and Restated Loan
Agreement of even date herewith, as the same may be amended or restated from
time to time, between the Borrower and the Bank.
3. The Borrower certifies that as of the date hereof: (a) all of its
representations and warranties in the Acceptance Agreement are true and correct
as if made on the date hereof; and (b) no Default or Event of Default has
occurred under the Acceptance Agreement. The Acceptance Agreement shall
continue in full force and effect except as modified herein.
DATED the day and year first above written.
ARMOR HOLDINGS, INC.
By: /s/ Xxxxx X. Xxxxx
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Its: Vice President - Finance
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XXXXXXX BANK, N.A.
By: Xxxxxx X. Xxxxxx
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Its: Loan Closing Officer
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STATE OF GEORGIA
COUNTY OF CAMDEN
The foregoing instrument was executed, acknowledged and delivered
before me this 26th day of March, 1997, by Xxxxx X. Xxxxx the Vice President of
Finance of Armor Holdings, Inc., on behalf of the corporation, in Camden
County, Georgia.
/s/ V. Xxxxxx Xxxxxxxx
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Notary Public, State and County
aforesaid
Print Name: V. Xxxxxx Xxxxxxxx
My Commission Expires: Jan 16, 2000
[Notary Seal]
STATE OF GEORGIA
COUNTY OF CAMDEN
The foregoing instrument was executed, acknowledged and delivered
before me this 26th day of March, 1997, by Xxxxxx X. Xxxxxx the Loan Closing
Officer of Xxxxxxx Bank, N.A., on behalf of the bank, in Camden County, Georgia.
/s/ V. Xxxxxx Xxxxxxxx
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Notary Public, State and County
aforesaid
Print Name: V. Xxxxxx Xxxxxxxx
My Commission Expires: Jan 16, 2000
[Notary Seal]
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