Restated and Amended Financing Agreement Between GMAC Commercial Credit LLC and Bernard Chaus, Inc. (August 2001)

Contract Categories: Business Finance › Financing Agreements
Summary

This agreement is between GMAC Commercial Credit LLC and Bernard Chaus, Inc. It outlines the approval of specific over-formula credit accommodations for Bernard Chaus, Inc. for the fiscal year ending June 30, 2002. The document details the maximum amounts of additional credit available during specified periods, provided there is no uncured event of default. The agreement is intended to support Bernard Chaus, Inc.'s financing needs within the terms of their existing financing arrangement with GMAC.

Read More Arrow
EX-10.93 6 file005.txt GMAC RESTATED AND AMENDED FINANCING AGREEMENT DATED 8/28/01 Exhibit 10.93 GMAC COMMERCIAL CREDIT LLC August 23, 2001 Bernard Chaus, Inc. 800 Secaucus Road Secaucus, NJ 07094 Gentlemen: Reference is made to your request for GMACCC to provide certain levels of over- formula accommodations within the second Restated and Amended Financing Agreement between us. Absent the concurrent existence of an uncured event of default, the following over-formula lines have been approved for your FYE 6/30/02. Time Period Maximum Over-Formula ------------------------------------- 07/01 - 07/09/01 ($3,750,000) 07/10 - 07/30/01 ( 7,500,000) 07/31 - 08/09/01 ( 3,850,000) 08/10 - 08/30/01 ( 9,500,000) 08/31 - 09/09/01 ( 3,500,000) 09/10 - 09/29/01 ( 9,750,000) 09/30 - 10/09/01 ( 3,850,000) 10/10 - 10/30/01 ( 5,000,000) 10/31 - 11/09/01 ( 2,000,000) 11/10 - 11/29/01 ( 5,250,000) 11/30 - 12/09/01 ( 4,000,000) 12/10 - 12/30/01 ( 6,500,000) 12/31/01 - 01/09/02 ( 4,000,000) 01/10 - 01/30/02 ( 5,000,000) 01/31 - 02/09 ( 2,750,000) 02/10 - 02/27 ( 7,750,000) 02/28 - 03/09 ( 5,000,000) 03/10 - 03/30 ( 5,500,000) 03/31 - 04/09 ( 1,000,000) 04/10 - 04/29 ( 5,000,000) 04/30 - 05/09 ( 2,000,000) 05/10 - 05/30 ( 8,250,000) 05/31 - 06/09 ( 3,750,000) 06/10 - 06/29 ( 8,000,000) 06/30 - 07/09 ( 2,750,000) If you have any questions, please do not hesitate to contact me. Sincerely, /s/ John H. McGowan ------------------------ John H. McGowan Vice President JHM:ah 1290 AVENUE OF THE AMERICAS o NEW YORK, NY 10104 o ###-###-####