COMPASS BANK LOGO] Compass Bank P.O. Box 2006 Dothan, Alabama 36302 334-712-7030 August 17, 2001 Mr. Richard Bailey Boyd Bros. Transportation, Inc. 3275 Highway 30 Clayton, AL 36016 RE: CREDIT AND SECURITY AGREEMENT BETWEEN COMPASS BANK ("BANK") AND...Credit and Security Agreement • November 14th, 2001 • Boyd Bros Transportation Inc • Trucking (no local)
For the period ending June 30, 2001, Boyd Bros. Transportation, Inc. was in violation of Section 6.01 of the above referenced Credit and Security Agreement (as amended, the "Agreement"). You have requested and Bank has agreed to waive the default under the Loan Agreement existing as of June 30, 2001 solely by virtue of the violation of Section 6.01 of the Agreement, as outlined above. This one-time limited waiver is effective only in the specific instance and for the purpose for which given and nothing contained or provided herein shall be construed as granting a waiver of any default except as specifically set forth herein or as allowing Borrower to violate or fail to perform fully (i) Section 6.01 after June 30, 2001 or (ii) any other provisions of the Loan Documents at any time.
RECITALSCredit Agreement • November 14th, 2001 • Boyd Bros Transportation Inc • Trucking (no local) • Alabama
RECITALSWaiver and Consent Agreement • November 14th, 2001 • Boyd Bros Transportation Inc • Trucking (no local) • Alabama
SECURITY AGREEMENT (General)Security Agreement • November 14th, 2001 • Boyd Bros Transportation Inc • Trucking (no local) • Alabama
