Re: Amendment to ARMS AgreementAccounts Receivable Management and Security Agreement • May 11th, 2004 • 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. Reference is also made to (i) the Amendment Letter dated January 25, 2001 between Lender and Borrower; (ii) the Letter Agreement dated January 25, 2001 between Lender and Borrower; (iii) Letter re: Amendment to ARMS Agreement dated as of September 20, 2002 between Lender and Borrower; and (iv) Letter re: Amendment to ARMS Agreement dated as of February 12, 2003 between Lender and Borrower. All capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to them in th
