Exhibit 10.56
BORROWER CONSENT
December 2, 1999
Cisco Systems Capital Corporation
Worldwide Financial Services
Mailstop SJC2-3rd Floor
000 Xxxx Xxxxxx Xxxxx
Xxx Xxxx, XX 00000-0000
Re: CAIS Internet, Inc.
-------------------
Gentlemen:
Reference is made to that certain Agreement dated as of June 30, 1999
(as amended, modified, renewed or extended from time to time, the "Credit
Agreement") by and between CAIS, Inc. (the "Borrower") and Cisco Systems Capital
Corporation (the "Lender") and in connection therewith, that certain Guaranty
dated June 30, 1999 made by CAIS Internet, Inc. (the "Guarantor") in favor of
Lender (as amended, modified, renewed or extended from time to time, the
"Guaranty").
The undersigned acknowledges receipt of a copy of the First Amendment
to Guaranty dated December 2, 1999 (the "Amendment") being entered into
concurrently herewith by and between CAIS Internet, Inc. and the Lender.
The undersigned, in its capacity as Borrower in the Credit Agreement,
hereby acknowledges that its consent to the foregoing Amendment is not required,
but the undersigned nevertheless does hereby consent to the foregoing Amendment
and to the documents and agreements referred to therein and to all future
modifications and amendments thereto and any termination thereof, and to any and
all other present and future documents and agreements between or among the
foregoing parties. Nothing herein shall in any way limit any of the terms or
provisions of any of the Loan Documents, all of which are hereby ratified and
affirmed in all respects.
Sincerely yours,
CAIS, Inc.
/s/ Xxxxxx X. Xxxx
---------------------------------------
By: Xxxxxx X. Xxxx
------------------------------------
Title: Chief Financial Officer
---------------------------------
