Exhibit 99.1
ALBANY INTERNATIONAL RECEIVABLES CORPORATION
Albany International Corp.
Geschmay Corp.
Albany International Research Co.
Albany International Techniweave, Inc.
Albany International Canada Corp.
Re: Third Amendment to Exhibit A to Purchase and Sale Agreement dated
as of September 28, 2001 (the "Agreement")
Ladies and Gentlemen:
The undersigned, Albany International Receivables Corporation, as Buyer
under the Agreement, hereby proposes to further amend Exhibit A of the
Agreement, pursuant to the terms of such Exhibit A as well as Section 8.1 of the
Agreement, as follows:
The Historical Loss Factor, which was initially described as 0.6% of the
Face Amount of receivables sold to Buyer, and has been amended from time
to time to reflect actual historical loss experience, is hereby amended to
0.08%.
These changes in pricing terms shall be effective as of May 1, 2005.
Capitalized terms used but not defined above shall have the meanings ascribed to
them in the Agreement.
Please indicate your acceptance of the foregoing by executing in the space
provided below your name.
Very truly yours,
ALBANY INTERNATIONAL
RECEIVABLES CORPORATION
By: /s/
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Xxxxx X. Xxxxxxxx
President & Treasurer
ACCEPTED BY:
ALBANY INTERNATIONAL CORP.
By: /s/
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Name: Xxxxxxx X. Xxxxx, Xx.
Title: Vice President and General Counsel
GESCHMAY CORP.
By: /s/
-------------------------------------
Name: Xxxxxxx X. Xxxxx, Xx.
Title: Vice President and Secretary
ALBANY INTERNATIONAL RESEARCH CO.
By: /s/
-------------------------------------
Name: Xxxxxxx X. Xxxxx, Xx.
Title: Vice President
ALBANY INTERNATIONAL TECHNIWEAVE, INC.
By: /s/
-------------------------------------
Name: Xxxxxxx X. Xxxxx, Xx.
Title: Secretary
ALBANY INTERNATIONAL CANADA CORP.
By: /s/
-------------------------------------
Name: Xxxxxx Xxxxxxx
Title: President
