FIRST AMENDMENT AND CONSENT TO REVOLVING CREDIT AGREEMENTMichaels Stores Inc • April 12th, 2002 • Retail-hobby, toy & game shops
First Amendment and Consent to Revolving Credit Agreement dated as of December 31, 2001 (this "First Amendment and Consent"), by and among MICHAELS STORES, INC., a Delaware corporation (the "Borrower") and FLEET NATIONAL BANK and the other lending institutions listed on Schedule 1 to the Credit Agreement (as hereinafter defined) (collectively, the "Banks") and FLEET NATIONAL BANK in its capacity as administrative agent for the Banks (the "Agent"). Terms not otherwise defined herein which are defined in the Revolving Credit Agreement dated as of May 1, 2001 (as amended and in effect from time to time, the "Credit Agreement") by and among the Borrower, the Banks and the Agent, shall have the respective meanings herein assigned to such terms in the Credit Agreement.
