Associates TransCapital Services a division of Associates Commercial Corporation 300 E. Carpenter Freeway, 17th Plaza Irving, Texas 75062Transportation Accounts Financing and Security Agreement • December 16th, 1996 • Ametech Inc • Hazardous waste management
This letter is to confirm, pursuant to our previous conversations, that Associates TransCapital Services ("Associates") agrees that notwithstanding anything to the contrary contained in Section 8.01 of that certain Transportation Accounts Financing and Security Agreement by and between Environmental Transportation Services, Inc. ("ETS") and Associates, for ninety (90) days from the date of this letter, ETS shall not be deemed to be in default by reason of the default under that certain Loan and Security Agreement dated April 27, 1993 between ETS and The CIT Group/Capital Equipment Financing, Inc. ("CIT"), as amended ("CIT Agreement"). This letter is granted in order to assist ETS and AMETECH, Inc. with their efforts to resolve their current problems with CIT and for no other reason.
