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Exhibit (b)(4)
[FIRSTAR BANK MILWAUKEE, N.A. LETTERHEAD]
April 14, 1997
Xx. Xxxxx X. Xxxxxxxx
Treasurer
Snap-on Incorporated
0000 00xx Xxxxxx
Xxxxxxx, XX 00000-0000
RE: Third Amendment to Line of Credit Agreement and Note
Dear Denis:
Please refer to the line of credit letter agreement and accompanying
note dated November 15, 1994, as amended, establishing a $27,500,000 line of
credit at Firstar Bank Milwaukee, N.A. for Snap-on Incorporated. You have
requested Firstar Bank increase the amount available under the line of credit
from $27,500,000 to $31,000,000.
By this letter, we hereby amend the above-referenced line of credit
agreement and note to delete all references to $27,500,000 (whether or not
numerically) and to substitute $31,000,000 each place the amount appears in the
letter agreement and note. In all other respects, the terms of the letter
agreement and note shall continue as originally set forth. This is an
amendment, not a novation.
Please indicate your agreement by signing where indicated below and
returning this letter to the undersigned.
Sincerely,
/s/ X. Xxxxx Xxxxxxx
X. Xxxxx Xxxxxxx
Commercial Banking Officer
Accepted and agreed to:
SNAP-ON INCORPORATED
By: /s/ Xxxxx X. Xxxxxxxx
--------------------------------
Title: Treasurer
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