EXHIBIT 10.6
[COMPASS BANK LOGO]
February l0, 2003
Xx. Xxxxxxx X. Xxxxxx, COO/CFO
Xxxx Xxxxxxxx Transportation, Inc.
0000 Xxxxxxx 00
Xxxxxxx, XX 00000
Re: Security and Loan Agreement dated April 11, 2000 between Compass Bank
and Xxxx Xxxxxxxx Transportation Co., Inc.
Dear Xxxxxxx:
Section 6.01 in the Loan Agreement dated April 11, 2000 and subsequent
amendments by and between Compass Bank and Xxxx Xxxxxxxx Transportation calls
for a debt service coverage ratio of 1.0:1.0 at the end of December 2002. We
herein waive that covenant requirement for the quarter and year ending December
31, 2002.
Thank you for the good relationship we have with Xxxx Xxxxxxxx. I will be in
touch with you regarding changes needed in the existing covenants.
Sincerely,
/s/ Xxxxxx X. XxXxxxxxx
-------------------------------------
Xxxxxx X. XxXxxxxxx
City President
