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EXHIBIT 10(r)
[CORESTATES BANK, N.A. LETTERHEAD]
October 26, 1995
Xxxxxxx X. Xxxxx
Vice President - Finance
UNITED STATES LIME & MINERALS, INC.
00000 Xxxxx Xxxxx
Xxxxx 000
Xxxxxx, XX 00000
Re: Loan and Security Agreement dated October 20, 1993,
as Amended, By and Among United States Lime &
Minerals, Inc. (Formerly known as Scottish Heritable,
Inc.), Xxxxxx Lime Company, Texas Lime Company and
Arkansas Lime Company (collectively the "Borrowers")
and CoreStates Bank N.A. ("Bank")
Dear Xxx:
We refer to the Loan and Security Agreement dated October 20,1993, as
amended by Amendment No. 1 to Loan and Security Agreement dated as of December
23, 1994, Amendment No. 2 to Loan and Security Agreement dated April 28, 1995,
and Amendment No. 3 to Loan and Security Agreement dated September 29, 1995
(collectively, the "Loan Agreement"). Initially capitalized terms not
otherwise defined herein shall have the meanings ascribed to them in the Loan
Agreement unless the context clearly requires to the contrary. Section
references are to sections of the Loan Agreement.
Borrowers and Bank hereby agree that notwithstanding the provisions of
Section 7.1.12 of the Loan Agreement (last amended by Amendment No. 2),
Borrowers may make Capital expenditures in any Fiscal year not to exceed
$5,000,000 in the aggregate.
When fully executed by Bank and Borrowers, this letter will constitute
an amendment to the Loan Agreement as a contract to be construed under the
internal laws of the Commonwealth of Pennsylvania. All provisions of the Loan
Agreement not modified hereby shall remain in full force and effect.
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Xxxxxxx X. Xxxxx, Vice President - Finance
October 26, 1995
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Please indicate Xxxxxxxxx' acceptance of the terms of this letter
agreement in the space provided below.
Very truly yours,
CORESTATES BANK, N.A.
By: /s/ XXXXXXXX X. XXXXXX
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Xxxxxxxx X. Xxxxxx,
Vice President
THE TERMS OF THE FORGOING LETTER
AGREEMENT ARE AGREED TO AND
ACCEPTED THIS ___ DAY OF
_________________, 1995
UNITED STATES LIME & MINERALS, INC.
(Formerly known as Scottish Heritable, Inc.)
By: /s/ XXXXXXX X. XXXXX
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XXXXXX LIME COMPANY
By: /s/ XXXXXXX X. XXXXX
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ARKANSAS LIME COMPANY
By: /s/ XXXXXXX X. XXXXX
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TEXAS LINE COMPANY
By: /s/ XXXXXXX X. XXXXX
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