July 13, 2004 Mr. Arthur Becker Chief Executive Officer NAVISITE, INC. 400 Minuteman Road Andover, MA 01810 RE: EXTENSION OF TERM Dear Sir or Madam: In connection with that certain Loan and Security Agreement (the "Agreement"), dated as of January 29,...Loan and Security Agreement • October 15th, 2004 • Navisite Inc • Services-business services, nec
In connection with that certain Loan and Security Agreement (the "Agreement"), dated as of January 29, 2003 between Atlantic Investors LLC ("Lender") and NaviSite, Inc. ("Borrower"), this letter serves to notify Borrower that any and all Credit Advances under the Agreement made prior to, or following the date of this letter shall be due on or before the earlier of (i) November 1, 2004 or (ii) five (5) business days following the closing of a financing transaction or disposition pursuant to which the Borrower receives net proceeds of $13 million [after satisfying the mandatory prepayment obligation under those certain notes due to Surebridge, Inc.].
