Exhibit 10.31
November 8, 1999
Option Care, Inc.
000 Xxxxxxxxx Xxxxx, Xxxxx 000
Xxxxxxxxxxx, Xxxxxxxx 00000
Attn: Xxxxxxx Xxxx
RE: LOAN AND SECURITY AGREEMENT DATED AS OF FEBRUARY 5, 0000 XXXXX
XXXX XX XXXXXXX, NATIONAL ASSOCIATION, SUCCESSOR-IN-INTEREST
TO BANKAMERICA BUSINESS CREDIT, INC., AS LENDER, OPTION CARE,
INC., INDIVIDUALLY AND AS BORROWER'S AGENT, AND OPTION CARE,
INC. AND EACH OF THE SUBSIDIARIES OF OPTION CARE, INC., AS
BORROWERS (AS THEREAFTER AMENDED, MODIFIED, RENEWED OR
RESTATED, THE "LOAN AGREEMENT")
Dear Xx. Xxxx:
In accordance with Section 7.5(c) of the Loan Agreement and Section 1.15(c) of
the Trust Subordination Agreement (as such term is defined in the Loan
Agreement) and as a result of the Borrowers' compliance with the provision
contained in Section 7.5(b)(i) of the Loan Agreement and Section 1.15(b) of the
Trust Subordination Agreement, Bank of America hereby consents to the
termination by the Borrowers' Agent of the Northern Letter of Credit.
Sincerely,
Xxxxx X. Xxxxx
Vice President
