1
EXHIBIT 10.3
Amendment to Corporate Revolving Term Loan
Agreement with Manufacturers and Traders Trust Company
dated October 25, 1996
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AMENDMENT NO. 3
TO
CORPORATE REVOLVING AND TERM LOAN AGREEMENT
Manufacturers and Traders Trust Company (the "Bank") and C.H. Heist
Corp. (the "Borrower") hereby agree as follows:
1. Loan Agreement. The Bank and the Borrower are parties to a
Corporate Revolving and Term Loan Agreement dated December 23, 1993, as amended
by Amendment No. 1 dated December 22, 1994, and Amendment No. 2 dated August
21, 1995 (The "Loan Agreement"). The Bank and the Borrower wish to amend the
Loan Agreement as set forth herein.
2. Amendment to Loan Agreement. The Bank and the Borrower hereby
agree that the Loan Agreement is amended as follows:
a. Section 11.dd(i) of the Loan Agreement, as previously
modified by Amendment No. 1, is modified so that the reference to
"August 1, 1997" is deleted and "August 1, 1998" is substituted in its
place.
3. Except as expressly modified herein, the Loan Agreement
otherwise remains unchanged and the Borrower hereby ratifies and reaffirms the
Loan Agreement, as amended, and any other documents executed in connection
therewith, and agrees that the Loan Agreement and all documents executed in
connection herewith are in full force and effect and fully enforceable with
their terms and not subject to any offset, claim, counterclaim or defense.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 3
to be duly executed by their authorized officers as of the 25th day of October,
1996.
C.H. HEIST CORP. MANUFACTURERS AND TRADERS
TRUST COMPANY
By: /s/ Xxxx X. Xxxxxx By: /s/ Xxxxx X. Xxxxx
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Xxxx X. Xxxxxx Xxxxx X. Xxxxx
Vice President - Finance Banking Officer
