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Exhibit 10(i)
AMENDMENT TO
CREDIT AGREEMENT
THIS AMENDMENT TO CREDIT AGREEMENT (“Amendment”) is made as of
February 28, 2001, by and between FAMILY DOLLAR STORES, INC., a Delaware
corporation (the “Borrower”) and BANK OF AMERICA, N.A., a national
banking association, successor by merger to NationsBank, N.A.) (the
“Bank”).
Recitals
A. The Borrower and the Bank are parties to that certain Credit Agreement
dated as of March 31, 1996, as amended from time to time (the “Credit
Agreement”), pursuant to which the Bank has made a revolving credit
facility available to the Borrower.
B. The Borrower has requested certain changes in the terms of the Credit
Agreement, and the Bank is willing to agree to those changes on the terms and
conditions set forth herein.
Agreement
NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration, the parties do hereby agree as follows:
1. Capitalized terms used but not defined in this Amendment shall have the
meanings given them in the Credit Agreement.
2. Section 1.01 of the Credit Agreement is hereby amended as follows:
(a) the definition of “Tranche B Termination Date” is hereby
amended and restated in it entirety to read as follows:
“‘Tranche B Termination Date’ means June 25, 2001, or
such earlier date as the Tranche B Commitment is terminated pursuant to
this Agreement.”
3. The Borrower hereby represents and warrants to the Bank that:
(a) this Agreement has been duly authorized, executed and delivered on its
behalf, and the Credit Agreement, as amended hereby, constitutes its legal,
valid and binding obligation enforceable against it in accordance with its
terms, except as limited by: (i) the Bankruptcy Code of the United States of
America and all other applicable liquidation, conservatorship, bankruptcy,
moratorium, rearrangement, receivership, insolvency, reorganization, suspension
of payments, or similar debtor relief laws from time to time in effect affecting
the rights of creditors generally; and (ii) general principles of equity;
(b) the representations and warranties of Borrower set forth in Article V
of the Credit Agreement (other than any representations and warranties that
relate exclusively to a prior date, which representations and warranties were
true and correct in all material respects as of such prior date), are true and
correct in all material respects on and as of the date hereof with the same
force and effect as if made on and as of such date; and
(c) no Default or Event of Default under the Credit Agreement has occurred
and is continuing or will result from the execution and delivery of this
Amendment.
4. This Amendment shall be governed by and construed in accordance with the
laws of the State of North Carolina. As expressly amended hereby, the Credit
Agreement is hereby ratified and confirmed and shall continue in full force and
effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed
by their duly authorized officers as of the date first written above.
FAMILY DOLLAR STORES, INC.
By: /s/ C. Xxxxxx Xxxxxx
C. XXXXXX XXXXXX
Senior Vice President-Finance
BANK OF AMERICA, N.A.
By: /s/ Xxxxxxx X. Xxxxxx
XXXXXXX X. XXXXXX
Managing Director
