EXHIBIT 4(d)(13) FORBEARANCE AGREEMENT THIS FORBEARANCE AGREEMENT is made as of February 25, 1999 by and among TEXFI INDUSTRIES, INC., a Delaware corporation (the "Borrower"), BANKBOSTON, N.A. and THE CIT GROUP/COMMERCIAL SERVICES, INC. (the...Forbearance Agreement • June 1st, 1999 • Texfi Industries Inc • Broadwoven fabric mills, man made fiber & silk
AGREEMENT ---------Management Agreement • June 1st, 1999 • Texfi Industries Inc • Broadwoven fabric mills, man made fiber & silk • Delaware
EXHIBIT 4(d)(14) SUBORDINATED NOTESubordinated Note • June 1st, 1999 • Texfi Industries Inc • Broadwoven fabric mills, man made fiber & silk
FOR VALUE RECEIVED, the undersigned TEXFI INDUSTRIES, INC., a Delaware corporation ("Borrower") hereby promises to pay to the order of MOORE ASSETS INTERNATIONAL LIMITED (Registration No. 84998B), a Bahamian corporation ("Subordinated Lender"), the principal sum of ONE MILLION FIVE HUNDRED THOUSAND AND NO/100s DOLLARS (US$1,500,000.00) at the office of Subordinated Lender notified by it to Borrower, on September 1, 1999 in lawful money of the United States, together with interest thereon at a rate equal to the "Prime Rate" of The Chase Manhattan Bank, announced from time to time by it in New York City as its prime rate, from the date hereof until payment in full of the principal amount evidenced hereby, on the average principal balance outstanding hereunder from time to time, computed on the basis of a 360-day year for the actual number of days outstanding.
