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Exhibit 10(d)(viii)
LETTER AGREEMENT
January 22, 1998
Crown Crafts, Inc.
0000 XxxxxXxxx Xxxxxxx
Xxxxx 000
Xxxxxxx, XX 00000
Attn: Xx. Xxxxxx X. Xxxxxxxx, Treasurer
Reference is made to the Revolving Credit Agreement ("Credit Agreement") dated
as of August 25, 1995 as amended by that certain amendment dated May 1, 1996
and that certain amendment dated June 28, 1996 between Crown Crafts, Inc.
("Crown Crafts") and Wachovia Bank, N.A. ("Wachovia"), formerly Wachovia Bank
of Georgia, N.A. Capitalized terms not otherwise defined herein shall have the
meanings ascribed to such terms in the Credit Agreement.
Whereas, the Borrower has requested that Wachovia amend Section 7.7 (v) to
allow the aggregate amount of all Cost of Acquisitions to exceed $40,000,000
during the term of this Agreement.
Now, therefore, pursuant to the request of the Borrower, the Lender agrees to
amend Section 7.7 (v) such that the aggregate amount of the Cost of
Acquisitions shall not exceed $42,000,000 during the term of this Agreement.
Except as expressly set forth herein, this letter shall not by implication or
otherwise limit, impair, constitute a waiver of, or otherwise affect the rights
and remedies of Wachovia under the Credit Agreement or any related document or
agreement. Except as expressly set forth herein, all of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement and any
related document ratified and affirmed in all respects and shall continue in
full force and effect.
Please indicate your agreement and acceptance by signing a copy of this letter
below and returning it to us.
Sincerely,
BY: /S/XXXXXXX X.X. XXXXX
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Xxxxxxx X.X. Xxxxx
Assistant Vice President
Agreed and Accepted by: Crown Crafts, Inc.
BY: /S/XXXXXX X. XXXXXXXX
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Xxxxxx X. Xxxxxxxx
Chief Accounting Officer, Treasurer
