Exhibit - 10.231
CIT Tel: 000 000-0000
Equipment Rental and Finance - US P.O. Box 27248
0000 X. Xxxxxxxxxxxx Xxxxxxx Xxxxx, XX 00000-7248
Tempe, AZ 85282 xxx.xxx.xxx
[CIT LOGO]
Meadow Valley Contractors, Inc.
0000 Xxxxx 00xx Xxxxxx #X-00
Xxxxxxx, XX 00000
RE: AMENDMENT OF AMENDED AND RESTATED REVOLVING LOAN AGREEMENT,
ACCOUNT #00000000
Gentlemen:
Reference is made to the Amended and Restated Revolving Loan Agreement,
dated July 27, 2001, as amended (the "Loan Agreement"), between Meadow Valley
Contractors, Inc., (the "Company") and The CIT Group/Equipment Financing, Inc.
("CIT").
The Loan Agreement shall be amended as follows:
1. Section 5 of the Loan Agreement: "governing rate" plus 1.50%, is
amended to read: "governing rate" plus 1.25%.
Except as modified herein, the Loan Agreement and all documents executed in
connection therewith shall continue in full force and effect.
Dated: April 1, 2003
Sincerely,
THE CIT GROUP/EQUIPMENT FINANCING, INC.
By: Title
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ACKNOWLEDGED AND AGREED TO:
MEADOW VALLEY CONTRACTORS, INC.
By: Xxxxxxx X. Xxxxxx Title President
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GUARANTOR ACKNOWLEDGEMENT:
MEADOW VALLEY CORPORATION
By: Xxxxxxx X. Xxxxxx Title V.P.
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READY MIX, INC.
By: Xxxxx Xxxxx Title Sec/Treas
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