Exibit 10.1
AMENDMENT TO AMENDED AND RESTATED AGREEMENT
FOR WHOLESALE FINANCING
(Amendment No. 3)
This Amendment to Amended and Restated Agreement for Wholesale Financing
("Amendment") is made by and between Deutsche Financial Services Corporation
("DFS") and Featherlite Mfg., Inc. ("Dealer").
WHEREAS, DFS and Dealer entered into that certain Amended and Restated
Agreement for Wholesale Financing dated October 6, 1997, as amended by that
certain Amendment to Amended and Restated Agreement for Wholesale Financing
(Amendment No. 1) dated April 1, 1998, and that certain Amendment to Amended and
Restated Agreement for Wholesale Financing (Amendment No. 2) dated May 8, 1998
(together, the "Agreement"); and
WHEREAS, DFS and Dealer desire to amend the Agreement as provided
herein.
NOW, THEREFORE, for and in consideration of the premises, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, DFS and Dealer agree as follows:
1. Amendment of Current Ratio. Paragraph 13.1(c) of the Agreement is
deleted and amended to read in its entirety as follows:
"(c) a ratio of Current Tangible Assets to current liabilities
of not less than ONE AND ONE-HALF to ONE (1.5:1)."
2. No Other Modifications. Except as expressly modified or amended
herein, all other terms and provisions of the Agreement shall remain
unmodified and in full force and effect and the Agreement, as hereby
amended, is ratified and confirmed by DFS and Dealer.
3. Capitalized Terms. Except as otherwise defined herein, all
capitalized terms will have the same meanings set forth in the
Agreement.
IN WITNESS WHEREOF, DFS and Dealer have executed this Amendment as of
the 25th day of March, 2000.
DEUTSCHE FINANCIAL SERVICES
CORPORATION
By: /s/ Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx
Vice President
FEATHERLITE MFG., INC.
By /s/ X. Xxxxxxx
Xxxxxx Xxxxxxx
President
