EXHIBIT 10.18
BANK OF AMERICA AMENDMENT TO DOCUMENTS
AMENDMENT NO. 3 TO BUSINESS LOAN AGREEMENT
This amendment No. 3 (the "Amendment") dated as of Aug, 20, 1998 is between
Bank of America National Trust and Savings Association (the "Bank") and Xxxxx
Corporation (the "Borrower").
RECITALS
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A. The Bank and the Borrower entered into a certain Business Loan Agreement
dated as of June 2, 1995, as previously amended ( the "Agreement").
B. The Bank and the Borrower desire to further amend the Agreement.
AGREEMENT
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1. DEFINITIONS. Capitalized terms used but not defined in this Amendment
shall have the meaning given to them in the Agreement.
2. AMENDMENTS. The agreement is hereby amended as follows:
2.1 Subparagraph 1.9(c) of the Agreement is amended to read in its entirety
as follows:
*(c) The issuance of any letter of credit and any amendment to a letter
of credit is subject to the Bank's written approval and must be in form
and content satisfactory to the Bank and in favor of a beneficiary
acceptable to the Bank. Without limiting the foregoing, no letter of
credit may be issued to support any obligation of the Borrower in
connection with workers' compensation laws or that contains a provision
providing that the maturity date will be automatically extended each
year for an additional year unless the Bank gives written notice to the
contrary."
2.2 Paragraph 6.6 of the Agreement is deleted in its entirety.
3. Effect of Amendment. Except as provided in this Amendment, all of the terms
and conditions of the Agreement shall remain in full force and effect.
This Amendment is executed as of the date stated at the beginning of this
Amendment.
BANK OF AMERICA XXXXX CORPORATION
National Trust and Savings Association
/s/ Xxxxx Xxxxxxxx for /s/ Wim X. X. Xxxxxxx, President
By: Xxxxxxx X. Xxxxxx, Vice President By: /s/Wim X.X. Xxxxxxx
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Wim X.X. Xxxxxxx,
President and Chief Executive
Officer
By: /s/Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx,
Vice President, Finance and
Chief Financial Officer
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