September 20, 1996
Xx. Xxxxxxx Xxxxx
Swiss Bank Corporation
X.X. Xxx 000
Xxxxxx Xxxxxx Xxxxxxx
Xxx Xxxx, XX 00000
RE: CREDIT AGREEMENT BETWEEN THE INTERPUBLIC GROUP OF COMPANIES,
INC. AND SWISS BANK CORPORATION
Dear Xxxxxxx:
We are writing to you in connection with the Credit Agreement
between The Interpublic Group of Companies, Inc. and Swiss Bank
Corporation dated September 30, 1992 and effective as of December
18, 1992 (the "Agreement"). Section 2.13 of the Agreement
provides that the Borrower may request extension of the
Commitment under the Agreement for an additional period of one
year from the then current Termination Date.
Notwithstanding the dates specified in Section 2.13 of the
Agreement for requesting such extension, we hereby request that
you extend the Termination Date of the Agreement to December 1,
1998. If you are agreeable to our request, please so indicate by
signing and returning the duplicate copy of this letter which we
have enclosed herewith.
Thank you.
Sincerely,
Xxxx X. Xxxxxxx
Vice President & Treasurer
ACCEPTED & AGREED
SWISS BANK CORPORATION
By: Xxxxxx Xx - Director of Credit Risk Management, N.A.
By: Xxxxx Xxxxxxx - Associate Director Banking Finance Support
Date: Undated
cc: Xx. Xxxxxxx X. Xxxxxxx
Xx. Xxxxxxx X. Xxxxx
Xx. Xxxxxx X. Xxxxxx
