AIG Asset Management (U.S.), LLC
Exhibit 99.1
AIG Asset Management (U.S.), LLC
0000 Xxxxx Xxxxxxx, 00xx Floor
Houston, TX 77019
November 10, 2023
Xxxxx Xxxxxx Inc.
000 Xxxxxx Xxxx
Melville, New York, 11747
Attn: Xxxxxxx Xxxxxx, Vice President and Treasurer
Ladies and Gentlemen:
Reference is hereby made to that certain Multicurrency Private Shelf Agreement, dated as of October 20, 2021 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Agreement”), among Xxxxx Xxxxxx, Inc., a Delaware corporation, AIG Asset Management (U.S.), LLC (“AIG”) and each AIG Affiliate party thereto. Capitalized terms used in this waiver letter (“Waiver Letter”) but not defined herein shall have the respective meaning ascribed to them in the Agreement.
The Company has requested an extension of the time required to deliver its unaudited financial statements with respect to the fiscal quarter ended September 30, 2023, pursuant to Section 7.1(a) of the Agreement. The Required Holders hereby agree to extend the due date for the above item to December 8, 2023.
The Company hereby represents and warrants to AIG that no event has occurred, and no condition exists that, either before or after giving effect to this Waiver Letter, constitutes or would constitute a Default or an Event of Default.
Except as specifically set forth herein, nothing contained in this Waiver Letter shall amend, modify or alter any term or condition of the Agreement or any of the Financing Documents. This Waiver Letter may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Waiver Letter by electronic mail or by .pdf shall be effective as delivery of a manually executed counterpart of this Waiver Letter. This Waiver Letter and the rights and obligations of the parties hereunder shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York.
[Signature Page Follows]
Very truly yours,
AIG ASSET MANAGEMENT (U.S.), LLC, | ||
By: | /s/ Xxxxx XxXxxxx | |
Name: Xxxxx XxXxxxx | ||
Title: Managing Director |
[Signature Page – Waiver Letter (AIG Multicurrency Private Shelf Agreement)]
ACKNOWLEDGED AND AGREED: | ||
XXXXX XXXXXX, INC., | ||
as Borrower | ||
By: | /s/ Xxxxxxx Xxxxxx | |
Name: | Xxxxxxx Xxxxxx | |
Title: | Vice President and Treasurer |
[Signature Page – Waiver Letter (AIG Multicurrency Private Shelf Agreement)]