March 25, 1999
C. Xxxxxx Xxxxxx
Family Dollar Stores, Inc.
X.X. Xxx 0000
Xxxxxxxxx, XX 00000-0000
Re: Credit Agreement dated as of March 31, 1996 among
NationsBank, N.A. ("NationsBank"), Family Dollar Stores,
Inc. ("FDSI") and Family Dollar, Inc. ("FDI") (as amended or
modified prior to the date hereof, the "Credit Agreement")
Dear Xxxxx:
You have requested, on behalf of FDSI and FDI, an extension of
the Tranche A Termination Date for an additional period of one
year in accordance with Section 2.14 of the Credit Agreement.
NationsBank agrees to such extension and hereby agrees to extend
the "Tranche A Termination Date" from March 31, 2000 to March 31,
2001. Further, you have requested, on behalf of FDSI and FDI, an
extension of the Tranche B Termination Date for an additional
period of 364 days in accordance with Section 2.15 of the Credit
Agreement. NationsBank agrees to such extension and hereby
agrees to extend the "Tranche B Termination Date" from March 28,
1999 to March 26, 2000. Capitalized terms not otherwise defined
herein have the same meaning given to such terms in the Credit
Agreement.
Except as expressly amended by this letter, the Credit Agreement
and all of the other Loan Documents are confirmed and ratified in
all respects and shall remain in full force and effect in
accordance with their respective terms. FDSI and FDI hereby
affirm that all representations and warranties in the Credit
Agreement remain true and accurate as of the date hereof and that
no Default or Event of Default has occurred and is continuing as
of the date hereof.
This amendment shall be effective upon signing by each of the
parties to the Credit Agreement and the Guarantors. Please
acknowledge your agreement by signing and returning to me the
enclosed copy of this letter.
Very truly yours,
NATIONSBANK, N.A.
Xxxxxxx X. Xxxxxx
Senior Vice President
(000) 000-0000
ACKNOWLEDGED AND AGREED:
FAMILY DOLLAR STORES, INC. FAMILY DOLLAR, INC.
By: C. XXXXXX XXXXXX By: C. XXXXXX XXXXXX
Name: C. XXXXXX XXXXXX Name: C. XXXXXX XXXXXX
Title: Senior Vice President- Title: Senior Vice President-
Finance Finance
Each of the Guarantors below acknowledges and consents to this
Amendment and ratifies its Guaranty:
Family Dollar Services, Inc. Family Dollar Operations, Inc.
By: C. XXXXXX XXXXXX By: C. XXXXXX XXXXXX
Name: C. XXXXXX XXXXXX Name: C. XXXXXX XXXXXX
Title: Senior Vice President- Title: Senior Vice President-
Finance Finance
Family Dollar Trucking, Inc.
By: C. XXXXXX XXXXXX
Name: C. XXXXXX XXXXXX
Title: Senior Vice President-
Finance
