0001043432-05-000016 Sample Contracts

WAIVER LETTER
Loan and Security Agreement • April 29th, 2005 • American Skiing Co /Me • Services-miscellaneous amusement & recreation

Re: Loan and Security Agreement (as amended to the date hereof, the "LSA"), dated as of September 1, 1998, among Grand Summit Properties, Inc., a Maine corporation ("GSRP"), Textron Financial Corporation, a Delaware corporation, as administrative agent ("Administrative Agent"), and FINOVA Capital Corporation, Foothill Capital Corporation, Litchfield Financial Corporation and Textron Financial Corporation, as lenders (collectively, the "Lenders")

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