Re: Amendment to ARMS AgreementAccounts Receivable Management and Security Agreement • May 14th, 2003 • Target Logistics Inc • Arrangement of transportation of freight & cargo
Reference is made to that certain Restated and Amended Accounts Receivable Management and Security Agreement, dated July 13, 1998 (as the same now exists or may hereafter be amended, restated, renewed, replaced, substituted, supplemented, extended, or otherwise modified, the “ARMS Agreement”), by and between GMAC COMMERCIAL FINANCE LLC, successor by merger to GMAC COMMERCIAL CREDIT LLC (“Lender”) and TARGET LOGISTIC SERVICES, INC. (“Borrower”), formerly known as Target Air Freight, Inc. All capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to them in the ARMS Agreement.
