EXHIBIT 4.17 GMAC Commercial Credit LLC February 7, 2001 Morgan Drive Away, Inc. TDI, Inc. 2746 Old U.S. 20 West Elkhart, IN 46515 Ladies/Gentlemen: Reference is made to the Revolving Credit and Security Agreement between us bearing an effective date...Morgan Group Inc • April 1st, 2002 • Trucking (no local)
This letter shall serve to confirm that the Agreement shall be temporarily amended by suspending, until April 30, 2002, the requirements set forth in Section 12(s), requiring Borrower to at all time maintain Minimum Excess Borrowing Availability of not less than Five Hundred Thousand Dollars ($500,000.00). Effective April 30, 2002, the provisions of Section 12(s) shall be reinstated and enforced. This of course should not in any way be regarded as a waiver or suspension of any other provision of the Agreement either temporary or otherwise as it is our expectation that you will remain in compliance with all of the terms and provisions of the Agreement.
