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EXHIBIT 10.19
[CONGRESS FINANCIAL CORPORATION LETTERHEAD]
December 22, 1999
Xxxxxx Xxxxxx
Executive Vice President and CFO
Xxxxxx'x Custom Crafted Furniture, Corp.
000 X. Xxxxx Xxxxxx
Xxxx, XX 00000-0000
Re: Amendment to Eighth Amendment to Loan and Security Agreement dated 12/15/99
Dear Xx. Xxxxxx:
This letter serves as an amendment to the Eighth Amendment to the Loan and
Security Agreement dated 12/15/99, and provides that Xxxxxx'x Custom Crafted
Furniture, Corp. and Congress Financial Corporation (Western) have agreed to
such amendment as follows:
1) Section 1(a) of the Eighth Amendment to Loan and Security Agreement dated
12/15/99 should read "the temporary amendment to Section 2.1(a) of the Loan
Agreement as provided in such Seventh Amendment (whereby the advance rates
set forth in Section 2.1(a) of the Loan Agreement were temporarily
increased) shall be of no further force and effect as of January 11, 2000
[replacing January 1, 2000]."
2) Section 1(b) of Eighth Amendment to Loan and Security Agreement dated
12/15/99 should read "on January 11, 2000 [replacing January 1, 2000],
Borrower shall immediately repay any outstanding amount of the Revolving
Loans in excess of the amount available under the lending formula provided
in Section 2.1(a) of the Loan Agreement in effect prior to such Seventh
Amendment."
By: /s/ XXXXXXX X. XXXXX By: /s/ XXXXXX X. XXXXXX
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Xxxxxxx X. Xxxxx Xxxxxx X. Xxxxxx
Vice President Executive Vice President/CFO
Congress Financial Corporation Xxxxxx'x Custom Crafted Furniture Corp.
(Western)
A First Union Company
