EXHIBIT (10g)
BANK OF AMERICA(R)
Bank of America
Commercial Finance
Business Credit
GA1-006-05-14
XX Xxx 0000
Xxxxxxx, XX 00000-0000
Tel 000.000.0000
June 12, 2002
Xxxxxx X. Xxxxx, III
Executive Vice President and CFO
Unifi, Inc.
0000 X. Xxxxxxxx Xxxxxx
Xxxxxxxxxx, XX 00000
RE: Credit Agreement Dated as of December 7, 2001 ("Loan Agreements") between
Unifi, Inc. and Bank of America, N.A. as Agent.
Dear Xx. Xxxxx:
Unifi, Inc. has requested a change in the frequency of the reporting
requirements per The Loan Agreements as contained in Article 5 Section 5.2(1).
This letter shall serve as our agreement that Section 5.2(1) shall be amended,
and that the language below shall be added to Section 5.2(1). All capitalized
terms used herein and not otherwise expressly defined herein shall have the
respective meanings given to such terms in the Loan Agreements.
"Provided, however, that if Availability is $35,000,000 or more at all
times during the month then such Borrowing Base Certificates will be
furnished only on a monthly basis as soon as available, but in any event
by the 30th day of the following month concurrently therewith, or more
frequently if requested by the Agent, a schedule of each Borrower's
Accounts created, credits given, cash collected and other adjustments to
Accounts made since the date of the last such schedule and the related
Borrowing Base Certificate."
The parties hereto acknowledge and agree that all other terms and conditions of
the Loan Agreements shall remain in full force and effect and continue to apply
unless and until the Agent and Lenders otherwise consent in writing. This
agreement shall not operate as a consent to any
other action or inaction, or a waiver of any provision contained in the Loan
Agreement except as specifically provided herein. This agreement may be executed
in two or more counterparts, each of which shall be deemed an original, and all
of which taken together shall be deemed to constitute one and the same
instrument.
Please signify your acceptance of the changes as contained herein by signing
below.
Bank of America, N.A., as Agent
By:
/S/ XXXX X. XXXXXXX
---------------------------------
Xxxx X. Xxxxxxx
Vice President
Unifi, Inc.
By:
/S/ XXXXXX X. XXXXX, III
---------------------------------
Xxxxxx X. Xxxxx, III
Executive Vice President and CFO
