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Exhibit 10(j)
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KeyBank
Mailcode: OH-01-27-0606
000 Xxxxxx Xxxxxx
Xxxxxxxxx, XX 00000-0000
September 24, 1996
Xx. Xxxxxx X. Xxxxxxx
Vice President-Finance and CFO
The Tranzonic Companies
00000 Xxxxxxx Xxxx.
Xxxxxx Xxxx, Xxxx 00000
Re: Extension of Commitment Period under Credit Agreement, dated as of
October 7, 1993 (the "Credit Agreement"), by and among The Tranzonic
Companies (the "Borrower") the Banks which are parties thereto and
KeyBank National Association as Agent for the Banks.
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Reference is hereby made to the Credit Agreement, which provides for, among
other things, Revolving Credit Loans aggregating $30,000,000, such Revolving
Credit Loans available to the Borrower, upon certain terms and conditions and
as limited by the Credit Agreement, on a revolving credit basis until June 30,
1997, (the last day of the "Commitment Period" now in effect).
We are in receipt of the letter dated June 13, 1996 from the Borrower
requesting that the Credit Agreement be amended by deleting from the definition
of "COMMITMENT PERIOD" the date "June 30, 1997" and substituting for the
deleted date "June 30, 1999".
Please be advised that KeyBank hereby consents to the extension of the Credit
Agreement as set forth above. In all other respects the Credit Agreement shall
remain in full effect.
Sincerely,
KeyBank
By: /s/ Xxxxxxx X. Xxxxxx
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Its: Assistant Vice President
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