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Exhibit 10.11(e)
[PNC LOGO]
March 15, 2001
The Carbide/Graphite Group, Inc.
Xxx Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxxxxxxxxx, XX 00000-0000
Attention: Xx. Xxxxxx X. Xxxxxx, Xx., Chairman
RE: Amendment to November 13, 2000 Waiver Agreement
Gentlemen:
Reference is made to the letter agreement, dated as of
November 13, 2000 (the "November 13, 2000 Waiver Agreement"), between PNC Bank,
as agent for the lenders party to the Credit Agreement referred to therein (the
"Agent"), and the Carbide/Graphite Group, Inc. (the "Borrower") relating to the
Revolving Credit and Letter of Credit Issuance Agreement dated as of September
25, 1997, as amended. Terms used herein without definition which are defined in
the November 13, 2000 Waiver Agreement have the same meanings herein.
The Borrower has requested the Lenders and the Agent to amend
the November 13, 2000 Waiver Agreement in certain respects and the Agent and the
Required Lenders are willing to make such amendments. Accordingly, the Agent
(with the consent of the Required Lenders) and the Borrower agree that the
November 13, 2000 Waiver Agreement is hereby amended, effective as of February
28, 2001, in the following two respects:
(i) Section 8(k) of the November 13, 2000 Waiver Agreement is
hereby amended by inserting, after the words "as of any month end
date" appearing in paragraph (i) thereof the words "other than
February 28, 2001".
(ii) Section 8(k) of the November 13, 2000 Wavier Agreement is
hereby further amended by deleting, opposite the date "February
28, 2001" appearing in paragraph (ii) thereof, the figure
"$7,100,000.00" and inserting in lieu thereof the figure
"$5,960,000.
As amended hereby, the November 13, 2000 Waiver Agreement
remains in full force and effect among the parties thereto.
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The Carbide/Graphite Group, Inc.
March 15, 2001
Page 2
In Witness Whereof, the parties hereto, with the intent to be
legally bound hereby, have caused this letter agreement to be duly executed by
their respective proper and duly authorized officers as a document under seal,
as of March 15, 2001.
Very truly yours,
PNC BANK, NATIONAL ASSOCIATION,
as Agent for the Lenders
By: /s/ Xxxxxx X. Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
--------------------------------
Title: Vice President
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With the intent to be legally bound hereby, the foregoing is hereby
acknowledged, accepted and agreed to this 15th day of March, 2001.
THE CARBIDE/GRAPHITE GROUP, INC.
By: /s/ Xxxxxxx X. Xxxxxxx
---------------------------------
Name: Xxxxxxx X. Xxxxxxx
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Title: Vice President & Treasurer
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The Carbide/Graphite Group, Inc.
March 15, 2001
Page 3
CONSENT OF GUARANTORS
Each of the undersigned guarantors consents to the provisions
of the foregoing letter agreement amending the November 2000 Waiver Agreement.
WITNESS the due execution of this Consent as a document under
seal as of March 15, 2001, intending to be legally bound hereby.
GUARANTOR:
SEADRIFT COKE, L.P., a Texas limited partnership
By THE CARBIDE/GRAPHITE GROUP, INC., its
authorized general partner
By: /s/ Xxxxxxx X. Xxxxxxx
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Name: Xxxxxxx X. Xxxxxxx
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Title: Vice President & Treasurer
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CARBIDE/GRAPHITE MANAGEMENT CORPORATION
By: /s/ Xxxxxxx X. Xxxxxxx
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Name: Xxxxxxx X. Xxxxxxx
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Title: Vice President & Treasurer
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C/G SPECIALTY PRODUCTS MANAGEMENT CORPORATION
By: /s/ Xxxxxxx X. Xxxxxxx
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Name: Xxxxxxx X. Xxxxxxx
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Title: Vice President & Treasurer
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The Carbide/Graphite Group, Inc.
March 15, 2001
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CARBIDE/GRAPHITE BUSINESS TRUST
By: /s/ Xxxxxxx X. Xxxxxxx
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Name: Xxxxxxx X. Xxxxxxx
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Title: Vice President & Treasurer
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CARBON/GRAPHITE INTERNATIONAL, INC.
By: /s/ Xxxxxxx X. Xxxxx
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Name: Xxxxxxx X. Xxxxx
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Title: Treasurer
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The Carbide/Graphite Group, Inc.
March 15, 2001
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CONSENT OF LENDERS
Each of the undersigned Lenders hereby consents to the terms
of the foregoing letter agreement amending the November 2000 Waiver Agreement
and authorizes the Agent to execute and deliver the foregoing letter agreement
to the Borrower.
Witness the due execution of this Consent of Lenders as a
document under seal as of March 15, 2001, intending to be legally bound hereby.
LENDERS:
PNC BANK, NATIONAL ASSOCIATION,
as a Lender, the L/C Issuer and the Agent
By: /s/ Xxxxxx X. Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
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Title: Vice President
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NATIONAL CITY BANK OF PENNSYLVANIA
By: /s/ Xxxxxxx X. Xxxxxxxxx
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Name: Xxxxxxx X. Xxxxxxxxx
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Title: Vice President
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BANK ONE, N. A.
By: /s/ Xxxxxxxx X. Xxxxxxxx
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Name: Xxxxxxxx X. Xxxxxxxx
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Title: First Vice President
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FIRST UNION NATIONAL BANK
By: /s/ Xxxxx Xxxxxxxx
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Name: Xxxxx Xxxxxxxx
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Title: Vice President
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The Carbide/Graphite Group, Inc.
March 15, 2001
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KEYBANK, NATIONAL ASSOCIATION
By:
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Name:
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Title:
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STANDARD CHARTERED BANK
By:
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Name:
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Title:
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MELLON BANK, N. A.
By: /s/ Xxxx X. Xxxxxxx
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Name: Xxxx X. Xxxxxxx
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Title: First Vice President
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BANK OF AMERICA, N. A.
By:
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Name:
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Title:
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THE CHASE MANHATTAN BANK
By:
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Name:
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Title:
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