EXHIBIT 10.46
December 4, 2001
VIA FACSIMILE
Xx. Xxxxx X. Xxxxx
000 X. Xxxxxxxxx
Xxxx Xxxxxxx, Xxxxxxxx 00000
Re: Third Amended and Restated Forbearance Agreement dated as of November 27,
2001
Xx. Xxxxx:
With reference to that certain Third Amended and Restated Forbearance Agreement
dated as of November 27, 2001, the date which the Borrower must repay the
Overadvance to the Lender is hereby modified as follows:
The Borrower agrees and acknowledges that the Borrower will repay the
Overadvance to the Lender on or before 5:00 p.m. Atlanta time, Monday
December 10, 2001.
The remaining terms and conditions of the Third Amended and Restated Forbearance
Agreement remain unchanged and in full force and effect.
Very truly yours,
BANK OF AMERICA, N.A.
By: /s/ Xxxxxx X. Xxxx
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Name: Xxxxxx X. Xxxx
Title: Vice President
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Xx. Xxxxx X. Xxxxx
December 4, 2001
Page 2
BORROWER:
Read, consented and agreed to
this 4th day of December, 2001
SHEFFIELD STEEL CORPORATION
By: /s/ Xxxxxxx X. Xxxxxxx
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Name: Xxxxxxx X. Xxxxxxx
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Title: Vice President & CFO
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XXXXXXX'X REBAR FABRICATORS, INC.
By: /s/ Xxxxxxx X. Xxxxxxx
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Name: Xxxxxxx X. Xxxxxxx
----------------------------------
Title: Vice President & CFO
---------------------------------
WELLINGTON INDUSTRIES, INC.
By: /s/ Xxxxxxx X. Xxxxxxx
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Name: Xxxxxxx X. Xxxxxxx
----------------------------------
Title: Vice President & CFO
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