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May 15, 1998 Exhibit 10.1
Genicom Corporation
00000 Xxxxxxxxxx Xxxxxx Xxxxx
Xxxxx 000
Xxxxxxxxx, Xxxxxxxx 00000-0000
Attn: Xxxxx X. Xxxx
RE: Amended and Restated Credit Agreement dated as of September 5, 1997
(the "Credit Agreement") among Genicom Corporation, the other Credit
Parties party thereto, the Lenders party thereto and NationsBank of
Texas, N.A., as Agent
Gentlemen:
Reference is made to the Credit Agreement described above, the defined terms of
which are incorporated herein by reference.
You have requested that the Credit Agreement be amended to adjust the
calculation of fees for the issuance of trade letters of credit under the
existing Letter of Credit subfacility made available to the Borrower pursuant to
the Credit Agreement.
Accordingly, on behalf of all of the Lenders, we hereby agree with you to amend
Subsection (b)(ii) of Section 3.5 of the Credit Agreement in its entirety to
read as follows:
(b) Letter of Credit Fees
*****************
(ii) Trade Letter of Credit Issuance Fee. In consideration of
the issuance of trade Letters of Credit hereunder, the
Borrower promises to pay to the Agent for the account of
each Lender a fee (the "Trade Letter of Credit Fee")
computed at a per annum rate for each day from the date
of issuance to the date of expiration of 1% on such
Lender's Revolving Commitment Percentage of the
available undrawn amount of each such trade Letter of
Credit (such Trade Letter of Credit Fee in respect of
any trade Letter of Credit not to be less than $100 in
the aggregate for all the Lenders). The Trade Letter of
Credit Fee will be payable quarterly in arrears on the
last day of each March, June, September and December for
the immediately preceding quarter (or portion thereof).
Except as modified hereby, all of the terms and provisions of the Credit
Agreement and the other Credit Documents shall remain in full force and effect.
This letter agreement shall be governed by and construed in accordance with the
laws of the Commonwealth of Virginia.
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This letter agreement may be executed in one or more counterparts, each of which
constitute an original, and all of which taken together shall constitute a
single document.
Sincerely,
NATIONSBANK OF TEXAS, N.A.
By /s/ Xxxxxx Xxxxx
Name Xxxxxx Xxxxx
Title Vice President
ACCEPTED AND AGREED AS OF THE DATE FIRST ABOVE WRITTEN:
GENICOM CORPORATION
By Xxxxx X. Xxxx
Title: Senior Vice President
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ACKNOWLEDGED AND CONSENTED TO AS OF THE DATE FIRST ABOVE WRITTEN
GENICOM INTERNATIONAL HOLDINGS CORPORATION
By /s/ Xxxxx X. Xxxx
Title: President
GENICOM INTERNATIONAL SALES CORPORATION
By /s/ Xxxxx X. Xxxx
Title: President
DELMARVA TECHNOLOGIES CORPORATION
By /s/ Xxxxx X. Xxxx
Title: President
RASTEK CORPORATION
By /s/ Xxxxx X. Xxxx
Title: President and Treasurer
ENTERPRISING SERVICE SOLUTIONS CORPORATION
By /s/ Xxxxx X. Xxxx
Title: Vice President
PRINTER SYSTEMS CORPORATION
By /s/ Xxxxx X. Xxxx
Title: Vice President
THE PRINTER CONNECTION, INC.
By /s/ Xxxxx X. Xxxx
Title: Vice President
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PRINTER SYSTEMS INTERNATIONAL, LTD.
By /s/ Xxxxx X. Xxxx
Title: Vice President
