Exhibit 10(i)
March 5, 1998
C. Xxxxxx Xxxxxx
Family Dollar Stores, Inc.
P. O. 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,
the "Credit Agreement")
Dear Xxxxx:
You have requested, on behalf of FDSI and FDI, (i) 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 and
(ii) 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 extensions and
hereby agrees to amend (a) the date "March 31, 1999" in the
definition of "Tranche A Termination Date" to March 31, 2000 and
(b) the date "March 29, 1998" in the definition of "Tranche B
Termination Date" to March 28, 1999. 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.
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.
By: XXXXXXX X. XXXXXXXXX, XX.
XXXXXXX X. XXXXXXXXX, XX.
Senior Vice President
C. Xxxxxx Xxxxxx
March 5, 1998
Page 2
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
