Mr. Donald Gallagher Senior Vice President – Chief Financial Officer and Treasurer Cleveland-Cliffs, Inc. 1100 Superior Avenue Cleveland, Ohio 44114 July 26, 2004
Exhibit 4(a)
5/3 Fifth Third Bank
Xx. Xxxxxx Xxxxxxxxx Senior Vice President – Chief Financial Officer and Treasurer Cleveland-Cliffs, Inc. 0000 Xxxxxxxx Xxxxxx Xxxxxxxxx, Xxxx 00000 |
July 26, 2004 |
RE: | Waiver and Amendments to the $30,000,000 Credit Agreement dated April 30, 2004 |
Dear Xxx,
Please be advised that we hereby waive Section 6.13(f), Permitted Liens, to allow United Taconite to secure a loan from the State of Minnesota with a 23 cy Hitachi Hydraulic Shovel as requested by Xx. Xxxxx Xxxxxxxx Senior Manager-Finance in her letter of July 23, 2004. This Waiver applies to this transaction only.
Reference is also made to Section 1.1, Definitions. The Termination Date is amended to April 29, 2005.
Section 6.13(f), Liens On Property, references Section 6.11(c). This reference is amended to Section 6.12(c).
If this is in accordance with your understanding please sign below where indicated and return to me. Call at 000.000.0000 with any questions.
Sincerely,
/s/ X. X. Xxxxxxx
Xxx X. Xxxxxxx
Vice President
The above Waiver and Amendments are
agreed to this 30th day of July 2004
Cleveland-Cliffs, Inc.
/s/ Xxxxxx X. Xxxxxxxxx |
Name: |
Title: |