Exhibit 10-9
AMENDMENT NO. 16 TO CREDIT FACILITY AND SECURITY AGREEMENT
This Amendment No. 16 (the "Amendment") dated as of July 31,
2002, to the Credit Facility and Security Agreement by and between Bank One, NA
("Lender"), Lexington Precision Corporation ("LPC"), and Lexington Rubber Group,
Inc. ("LRGI").
WHEREAS, Lender, LPC, and LRGI are parties to a Credit Facility
and Security Agreement dated as of January 31, 1997, including Rider A thereto
(the "Agreement").
WHEREAS, LPC, LRGI, and Lender desire to amend the Agreement as
provided herein.
NOW, THEREFORE, in consideration of the premises and the mutual
promises contained herein and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged by the parties hereto,
the parties hereto hereby agree as follows:
1. Capitalized terms used herein, unless otherwise defined
herein, shall have the meaning ascribed thereto in the Agreement.
2.Section 2.C of Rider A to the Agreement is hereby amended in
its entirety to read as follows:
C. No longer applicable.
3.Except as specifically amended herein, the Agreement remains in
effect in accordance with its terms.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment
to be duly executed and delivered by their respective duly authorized officers
as of the day and year first written above.
BANK ONE, NA
By: /s/ Xxxxx Xxxxxx
--------------------------------
Name: Xxxxx Xxxxxx
------------------------------
Title: Assistant Vice President
----------------------------
LEXINGTON PRECISION CORPORATION
By: /s/ Xxxxxxx X. Xxxxx
--------------------------------
Name: Xxxxxxx Xx Xxxxx
-----------------------------
Title: Chairman of the Board
-----------------------------
LEXINGTON RUBBER GROUP, INC.
By: /s/ Xxxxxxx X. Xxxxx
--------------------------------
Name: Xxxxxxx X. Xxxxx
-----------------------------
Title: Chairman of the Board
-----------------------------
