LETTERHEAD OF SOCIETE GENERALE] [Corporate & Investment Banking]
Exhibit 99.9
[LETTERHEAD
OF SOCIETE GENERALE]
[Corporate & Investment Banking]
To: | Xxxxxx Xxxxxx Senior Vice President & Chief Financial Officer Chartered Semiconductor manufacturing Ltd |
From: | Xxxxxxxx Xxxx Managing Director and Regional Head of Export Finance, Asia Societe Generale (“SG”) |
Reference: Signed Credit Agreement dated as of January 28, 2008 (the
“Agreement”) with Chartered Semiconductor manufacturing Ltd
(the “Company”)
Dear Sirs,
Reference is made to the waiver request received on July 15, 2009 from your
company, regarding the Debt Service Reserve Requirement listed as a covenant
under Section 16.2 of the Agreement, in case Historical Debt Service Coverage
Ratio is below 1.3x at any Repayment Date.
SG hereby confirms its consent to temporarily waive the above requirements for
the next Repayment Date that is scheduled on September 1, 2009.
Yours faithfully,
/s/Xxxxxxxx Xxxx
Xxxxxxxx Xxxx
Managing Director and Regional Head of Export Finance, Asia
Managing Director and Regional Head of Export Finance, Asia
For and on behalf
of
Societe Generale
Societe Generale