September 2, 1997
Xxxxxxx Receivables Corporation
0000 Xxxxxx Xxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Attention: Xxxxxxxxx X. Xxxxxx
Xxxxxxx Container Corporation
000 Xxxx Xxxx Xxxx
Xxxxx 000 Xxxxxxxxx, Xxxxxxxx 00000
Attention: Xxxxxxxxx X. Xxxxxx
Re: Extension Request Revolving Credit Agreement
Ladies and Gentlemen:
Reference is hereby made to that certain Revolving Credit Agreement dated
as of September 24, 1993 among Xxxxxxx Receivables Corporation, Various
Financial Institutions and Xxxxxx Trust and Savings Bank, as Facility Agent
and as Collateral Agent (the "Agreement"). Capitalized terms not otherwise
used herein shall have the same meaning as ascribed to them in the Agreement.
GRC has notified the Facility Agent of its desire to extend the Scheduled
Commitment Termination Date by July 1, 1999 to July 3, 2000 pursuant to
Section 3.03(b) of the Agreement. Please be advised that the Facility Agent
has notified each Lender of such extension request.
Please be further advised that pursuant to Section 3.03 of the Agreement
that the Facility Agent hereby notifies GRC and S & P of the decisions of all
of the Lenders to grant the request of GRC to extend the Scheduled Commitment
Termination Date to July 3, 2000. Therefore, pursuant to Section 3.03 of the
Agreement, the Scheduled Commitment Termination Date is hereby extended to
July 3, 2000.
Xxxxxxx Receivables Corporation
Xxxxxxx Container Corporation
September 2, 1997
Page 2
If you have questions, please contact me at (000) 000-0000.
Very truly yours,
Xxxxxx Trust and Savings Bank,
as Facility Agent
By /s/ Xxxx X. Xxxxxx
------------------
Xxxx X. Xxxxxx
Vice President
cc: Standard & Poors
Xxxxxx Trust and Savings Bank
Banco Di Napoil SpA
Caisse Nationale De Credit Agricole
Manufacturers and Traders Trust Company
