Exhibit 10.41
February 21, 0000
Xxxxxx Xxxx Services, Inc.
00 Xxxxxxxx Xxxxx Xxxx
Xxxxxx, Xxx Xxxx 00000
Ladies/Gentlemen:
Please refer to the Amended and Restated Credit Agreement dated as of
November 2, 1998 (as amended or supplemented, the "Credit Agreement") among
United Road Services, Inc. (the "Company"), various financial institutions and
Bank of America, N.A. (f/k/a Bank of America National Trust and Savings
Association), as Agent. Capitalized terms used but not otherwise defined herein
have the meanings assigned thereto in the Credit Agreement.
The Required Banks hereby waive through March 31, 2000 the Company's non-
compliance with Section 10.6.3 of the Credit Agreement. In consideration of
such waiver, the Company acknowledges that upon the expiration of such waiver
(unless a new waiver or an amendment has been agreed to by the Required Banks)
an immediate Event of Default shall exist under the Credit Agreement.
This letter is limited to the matters specifically set forth herein and
shall not be deemed to constitute a waiver, consent or amendment with respect to
any other matter whatsoever.
This letter shall become effective upon receipt by the Agent of
counterparts hereof (or facsimiles thereof) executed by the Required Banks.
BANK OF AMERICA, N.A., as Agent
By: /s/ Xxxxxxxx X. Xxxx
Title Assistant Vice President
-------------------------------
BANK OF AMERICA, N.A., as a Bank
By: /s/ Xxxx X. Xxxx
Title Senior Vice President
-------------------------------
BANKBOSTON, N.A., as a Bank
By: /s/ Xxxxxxx X. XxXxxxxxx
Title Director
-------------------------------
COMERICA BANK, as a Bank
By: /s/ Xxxxxx Xxxxxxx
Title Account Officer
-------------------------------
FLEET NATIONAL BANK, as a Bank
By: /s/ Xxxxx X. Xxxxxxxx
Title Vice President
-------------------------------
THE CHASE MANHATTAN BANK, as a Bank
By: /s/ Xxxxxx X. Xxxxx
Title Vice President
-------------------------------
Accepted and Agreed to
this 21st day of February, 0000
XXXXXX XXXX SERVICES, INC.
By: /s/ Xxxxxx X. Xxxxxxx
Title Chief Executive Officer
--------------------------------
