Exhibit 10.232
CIT Tel: 000 000-0000
Equipment Rental and Finance--US X.X. Xxx 00000
0000 X. Xxxxxxxxxxxx Xxxxxxx Xxxxx, XX 00000-0000
Xxxxx, XX 00000 xxx.xxx.xxx
[CIT LOGO]
Ready Mix, Inc.
0000 X. Xxxxxxxx Xx. #000
Xxx Xxxxx, XX 00000-0000
RE: AMENDMENT OF REVOLVING LOAN AGREEMENT
Gentlemen:
Reference is made to the Revolving Loan Agreement, dated July 27, 2001, as
amended (the "Loan Agreement"), between Ready Mix, Inc., (the "Company") and
The CIT Group/Equipment Financing, Inc. ("CIT").
The Loan Agreement shall be amended as follows:
1. Section 1 of the Loan Agreement: "governing rate" plus 1.50%, is amended to
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read: "governing rate" plus 1.25%.
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Except as modified herein, the Loan Agreement and all documents executed in
connection therewith shall continue in full force and effect.
Sincerely,
The CIT Group/Equipment Financing, Inc.
By Title:
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ACKNOWLEDGED AND AGREED TO: GUARANTOR ACKNOWLEDGEMENT:
Ready Mix, Inc. Meadow Valley Corporation
By:/s/ Xxxxx Xxxxx Title: Sec/Treas. By:/s/ Xxxxxxx X. Xxxxxx Title: V.P.
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April 1, 0000 Xxxxxx Xxxxxx Xxxxxxxxxxx, Inc.
By:/s/ Xxxxxxx X. Xxxxxx Title: President
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