1
May 7, 1993
Chemical Bank
270 Park Avenue
New York, NY 10017-2070
Attention: William T. Hobbs, II, Vice President
RE: CREDIT AGREEMENT DATED FEBRUARY 1, 1990
Dear Bill:
This will confirm the agreement of Springs and the Bank to amend, effective
March 27, 1993, paragraph 3 of the section in the credit agreement between
Springs and the Bank dated February 1, 1990 (the "Credit Agreement"), which is
designated as "Representations and Warranties," to provide that the reference
to Loan Agreement includes the following amendments to the Loan Agreement (the
"Amendments"):
Amendments dated June 5, 1989; September 29, 1989; December 27, 1990, May
13, 1992 and May __, 1993
A copy of the Amendments is enclosed. The Bank and Springs agree that Springs
shall not be in default of the Credit Agreements as long as it satisfies the
referenced sections of the Loan Agreement as amended by the Amendments and its
other obligations under the Loan Agreement.
Please signify the Bank's confirmation of our agreement by signing and
returning to me the enclosed copy of this letter.
Very truly yours,
CONFIRMATION OF AGREEMENT:
James F. Zahrn By: /s/
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Title: /s/
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2
May 7, 1993
NationsBank
NationsBank Corporate Center
100 North Tryon Street
NC1-007-08-11
Charlotte, NC 28255
Attention: E. Phifer Helms, Vice President
RE: CREDIT AGREEMENT DATED FEBRUARY 1, 1990
Dear Phifer:
This will confirm the agreement of Springs and the Bank to amend, effective
March 27, 1993, paragraph 3 of the section in the credit agreement between
Springs and the Bank dated February 1, 1990 (the "Credit Agreement"), which is
designated as "Representations and Warranties," to provide that the reference
to Loan Agreement includes the following amendments to the Loan Agreement (the
"Amendments"):
Amendments dated June 5, 1989; September 29, 1989; December 27, 1990, May
13, 1992 and May __, 1993
A copy of the Amendments is enclosed. The Bank and Springs agree that Springs
shall not be in default of the Credit Agreements as long as it satisfies the
referenced sections of the Loan Agreement as amended by the Amendments and its
other obligations under the Loan Agreement.
Please signify the Bank's confirmation of our agreement by signing and
returning to me the enclosed copy of this letter.
Very truly yours,
CONFIRMATION OF AGREEMENT:
James F. Zahrn By: /s/
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Title: /s/
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3
May 7, 1993
Wachovia Bank of North Carolina, N.A.
Post Office Box 31608
Charlotte, NC 28231
Attention: Joanne M. Starnes, Vice President
RE: CREDIT AGREEMENT DATED FEBRUARY 1, 1990
Dear Joanne:
This will confirm the agreement of Springs and the Bank to amend, effective
March 27, 1993, paragraph 3 of the section in the credit agreement between
Springs and the Bank dated February 1, 1990 (the "Credit Agreement"), which is
designated as "Representations and Warranties," to provide that the reference
to Loan Agreement includes the following amendments to the Loan Agreement (the
"Amendments"):
Amendments dated June 5, 1989; September 29, 1989; December 27, 1990, May
13, 1992 and May __, 1993
A copy of the Amendments is enclosed. The Bank and Springs agree that Springs
shall not be in default of the Credit Agreements as long as it satisfies the
referenced sections of the Loan Agreement as amended by the Amendments and its
other obligations under the Loan Agreement.
Please signify the Bank's confirmation of our agreement by signing and
returning to me the enclosed copy of this letter.
Very truly yours,
CONFIRMATION OF AGREEMENT:
James F. Zahrn By: /s/
-----------------------
Title: /s/
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