FIFTH AMENDMENT AND FORBEARANCE AGREEMENTAnd Forbearance Agreement • February 11th, 2003 • Speizman Industries Inc • Wholesale-industrial machinery & equipment • Alabama
THIS FIFTH AMENDMENT AND FORBEARANCE AGREEMENT (this "Agreement"), dated and effective the 31st day of December, 2002 (the "Effective Date"), by and among SPEIZMAN INDUSTRIES, INC., a Delaware company ("Speizman"), SPEIZMAN YARN EQUIPMENT, INC., a South Carolina company ("Speizman Yarn"), WINK DAVIS EQUIPMENT COMPANY, INC., a Georgia company ("Wink Davis"), TODD MOTION CONTROLS, INC., a North Carolina company ("Todd Motion" and together with Speizman, Speizman Yarn, Wink Davis and any future or indirect subsidiaries of Speizman or of any other entities listed above, the "Borrowers"), jointly and severally and their respective successors and assigns, and SOUTHTRUST BANK ("Lender").
