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EXHIBIT 10.34
[COMERICA BANK LETTERHEAD]
October 17, 1995
Mr. Xxxx Xxxxxxxxx
Chief Financial Officer
Xxxxx Corporation
0000 X. Xxx Xxxxxx Xxxx
Xxxx, XX 00000
Dear Xxxx,
As you know, Section 7.1 of the Amended and Restated Revolving Credit Loan
Agreement dated June 23, 1993 by and between Xxxxx Corporation and Comerica
Bank prohibits Xxxxx Corporation from declaring or paying a dividend without
the express written consent of Comerica Bank.
Comerica Bank hereby consents to the declaration and payment of a dividend of
up to 4 cents on each of the approximately 2,400,000 issued and outstanding
shares of Xxxxx Corporation common stock.
The consent provided herein is applicable only to the dividend declared in
August, 1995 and paid over the subsequent twelve month period. If you have any
questions, please feel free to contact me.
Sincerely,
/s/ Xxxx X. Ris
Xxxx X. Ris
Corporate Banking Representative
Regional Metro Corporate Banking
