EXHIBIT 10.12
[LETTERHEAD OF TALBOTS]
December 20, 1996
REQUEST FOR EXTENSION
To: The Norinchukin Bank
New York Branch
Re: Revolving Credit Agreement dated as of January 25, 1994, First
Amendment dated November 21, 1995, and Second Amendment dated
April 18, 1996, between The Talbots, Inc. as borrower, and The
Dai-Ichi Kangyo Bank, Limited (the "Agreement")
Dear Sirs:
Pursuant to Section 14(j)(i) of the Agreement, we hereby irrevocably request to
you the one year extension of the Revolving Credit Period (as defined in the
Agreement) so that the Revolving Credit Period if extended pursuant to this
request would expire on January 28, 1999.
We would appreciate it if such extension would be accepted, and, if, so, in
writing.
Very truly yours,
THE TALBOTS, INC.
By: /s/ Xxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxx
Senior Vice President, Finance
ELL:mc
cc: Xx. X. Xxxxxx
Xx. X. Xxxxx
Xx. X. Xxxxx
[LETTERHEAD OF THE NORINCHUKIN BANK]
Acceptance of Extension
January 17, 1997
To: The Talbots, Inc.
Re: Revolving Credit Agreement dated as of January 25, 1994, First
Amendment, dated November 21, 1995, and Second Amendment dated
April 18, 1996, between The Talbots, Inc. as borrower and The
Norinchukin Bank (the "Agreement")
Dear Sirs:
Pursuant to Section 14(j)(ii) of the Agreement we hereby irrevocably accept your
one year extension of the Revolving Credit Period (as defined in the Agreement)
so that the Revolving Credit Period would expire on January 28, 1999.
Very truly yours,
The Norinchukin Bank, New York Branch
BY: /s/ Xxxxxxx Xxxxxxx
Xxxxxxx Xxxxxxx
General Manager
