September 20, 1996
Xx. Xxxxxx Xxxxx, Xx.
Managing Director
Union Bank of Switzerland
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000-0000
RE: CREDIT AGREEMENT BETWEEN THE INTERPUBLIC GROUP OF COMPANIES,
INC. AND UNION BANK OF SWITZERLAND, NY BRANCH
Dear Xxxxxx:
We are writing to you in connection with the Credit Agreement
between The Interpublic Group of Companies, Inc. and Union Bank
of Switzerland dated September 30, 1992 and effective as of
December 29, 1992 (the "Agreement"). Section 2.13 of the
Agreement provides that the Borrower may request extension of the
Commitment under the Agreement for an additional period of one
year from the then current Termination Date.
Notwithstanding the dates specified in Section 2.13 of the
Agreement for requesting such extension, we hereby request that
you extend the Termination Date of the Agreement to December 1,
1998. If you are agreeable to our request, please so indicate by
signing and returning the duplicate copy of this letter which we
have enclosed herewith.
Thank you.
Sincerely,
Xxxx X. Xxxxxxx
Vice President & Treasurer
ACCEPTED & AGREED
UNION BANK OF SWITZERLAND, NY BRANCH
By: Xxxxxx Xxxxx - Vice President
By: Xxxxx X. Xxxxxxxx - Assistant vice President
Date: Not dated
cc: Xx. Xxxxxxx X. Xxxxxxx
Xx. Xxxxxxx X. Xxxxx
Xx. Xxxxxx X. Xxxxxx
