First Union National Bank Commercial Banking CT2006 300 Main Street Stamford, CT 06901 March 18, 2002 Mr. Walter Lazarcheck Chief Financial Officer Farrel Corporation Ansonia, CT Re: Letter agreement to modify definition of "Consolidated Adjusted Net...Revolving and Term Loan Credit Agreement • March 27th, 2002 • Farrel Corp • Special industry machinery, nec
Re: Letter agreement to modify definition of "Consolidated Adjusted Net Worth" contained in the text of Section 7.3 of the Revolving and Term Loan Credit Agreement dated as of June 18, 2001 ("the Agreement"), between First Union National Bank ("Bank"); and Farrel Corporation and Farrel Limited (individually and collectively, "Borrower").
