EXHIBIT 10.26
AMENDMENT TO CREDIT
AGREEMENT
THIS AGREEMENT, dated as of May 18, 1998, by and among Xxxxxx Xxxxxx
Consulting, Inc., a Delaware corporation ("Consulting"), Xxxxxx Bailly Services,
Inc., a Delaware corporation ("Services"), and State Street Bank and Trust
Company (the "Bank"). Consulting and Services are sometimes herein referred to
collectively as the "Borrowers" and each individually as a "Borrower".
WITNESSETH:
WHEREAS, the Borrowers and the Bank are parties to that certain Credit
Agreement dated as of September 30, 1997 (the "Credit Agreement"); and
WHEREAS, -the parties wish to amend the Credit Agreement in the manner
hereinafter set forth;
NOW, THEREFORE, the parties hereto hereby agree as follows:
1. Definitions. Capitalized terms used herein without definition which
are defined in the Credit Agreement shall have the respective meanings ascribed
to them in the Credit Agreement.
2. Amendments to Credit Agreement. The Credit Agreement is hereby amended
as follows:
2.1 Subsection 7.4 of the Credit Agreement is amended by
deleting the figure "320 % " appearing therein and by inserting in lieu thereof
the figure "250 % ".
2.2 Exhibit B to the Credit Agreement (being the form of
Compliance Certificate) is amended by deleting the figure "320%" appearing in
item 6(d) thereof and by inserting in lieu thereof the figure "250%".
2.3 It is the intention of the parties that the foregoing
amendments shall be effective for the twelve-month periods ending June 30, 1998
and on the last day of each fiscal quarter of the Borrowers thereafter.
3. Miscellaneous.
3.1 As modified hereby, the provisions of the Credit Agreement shall
continue in full force and effect.
3.2 This Agreement may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which when so executed and delivered shall be an original, but all of the
counterparts shall together constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
a sealed instrument as of the date first above written.
XXXXXX XXXXXX CONSULTING, INC.
By /s/ Xxxxxx X. Xxxxx
Vice President, Chief Financial Officer,
Treasurer and Secretary (Title)
XXXXXX XXXXXX SERVICES, INC.
By /s/ Xxxxx X. Xxxxxxxxx
Chief Executive Officer and
Managing Director (Title)
STATE STREET BANK AND TRUST
COMPANY
By /s/ F. Xxxxxx Xxxxx
Vice President (Title)
