20
Exhibit 10.30
Bank of Montreal
October 12, 1995
U.S. Corporate Banking
000 Xxxxx XxXxxxx Xxxxxx, 00xx Xxxxx
Xxxxxxx, Xxxxxxxx 00000
(000) 000-0000
Xx. Xxxxxx Xxxxxx
ALLIED Group, Inc.
000 0xx Xxxxxx
Xxx Xxxxxx, XX 00000-0000
Re: Section 6.1.19 Certain Indebtedness of the Term Credit Agreement and
Guaranty ("Agreement") dated March 13, 1995 by and among ALLIED Group,
Inc., State Street Bank and Trust Company as trustee for The ALLIED
Group Employee Stock Ownership Trust, Bank of Montreal, and Norwest
Bank Iowa N.A.
Dear Xxxxxx:
Bank of Montreal and Norwest Bank Iowa N.A. hereby agree to amend the
above-referenced section of the Agreement to read as follows, effective as of
October 12, 1995:
"Cause the aggregate amount of the Non-Recourse Indebtedness of ALLIED
Mortgage at all times to be less than $100,000,000".
Please acknowledge receipt and agreement by signing and returning to the
following address:
Bank of Montreal
115 So. La Xxxxx Xxxxxx
00xx Xxxxx
Xxxxxxx, XX 00000
Very Truly Yours,
Xxxxx Xxxxxxxxx
Director
Acknowledged and Agreed: ALLIED Group, Inc.
By: /s/ Xxxxx X. Xxxxxxx
---------------------------------------------
Title: President (Financial)
---------------------------------------------
Acknowledged and Agreed: Norwest Bank Iowa N.A.
By: /s/ X. X. Xxxxx, Xx.
---------------------------------------------
Title: Vice President
---------------------------------------------
Acknowledged and Agreed: The ALLIED Group Employee Stock Ownership Trust
By State Street Bank and Trust Company, not
individually (except for Sections 5.2(a) and (b)),
but solely in its capacity as ESOP Trustee (as
hereinabove defined)
By: /s/ Xxxxx Xxxxxxxx
---------------------------------------------
Title: Vice President
---------------------------------------------
cc: Xxx Xxxxxxx, President (Financial), ALLIED Group, Inc.
Xxxx Xxxxxx, SEC Accounting Manager, ALLIED Group, Inc.
The ALLIED Group, Inc. ESOP Manager, State Street Bank Trust Company
Xxxxxx Xxxxxx, State Street Bank Trust Company
