Dreyer’s Grand Ice Cream, Inc.
EXHIBIT 10.47
March 22, 0000
Xxxx xx Xxxxxxx, X.X., as Agent
Re: Bank of America, N.A., as Agent for banks party to the $240,000,000 Credit Agreement (“Credit Agreement”) dated as of July 25, 2000,as amended, between such banks, Xxxxxx’x Grand Ice Cream, Inc. (“Company”) and Xxxxxx’x Grand Ice Cream Holdings, Inc., (“New Dreyer’s”)
Dear Xx. Xxxxxxxxx:
Pursuant to the terms of Section 2.05 (a) Voluntary Termination or Reduction of Commitments the Company and New Dreyer’s hereby give a notice to reduce the Commitments by Two Hundred Twenty Million ($220,000,000) to Twenty Million ($20,000,000).
This reduction shall be effective as of the end of business on Friday, March 26, 2004.
Xxxxxx’x Grand Ice Cream, Inc.
/s/ XXXXXXX X. XXXXXXX
