East West Bank Fixed Coverage Charge Waiver Letter dated March 29, 2019
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Business Finance
- Waiver Agreements
EX-10.32 2 a19-30094_1ex10d32.htm EX-10.32
Exhibit 10.32
Date: 3/29/19
Mark Szynkowski
Sr. VP Finance
Evolving Systems, Inc.
Dear Mark,
I would like to inform you that the Bank has agreed to waive the violation of the Fixed Charge Coverage Ratio covenant for the quarter ended 12/31/18. The Bank has further agreed to adjust the covenant levels for the Fixed Charge Coverage Ratio for the four quarters of FY2019.
An amendment to the loan agreement is being prepared for the above agreements and will be provided for your review and execution.
Sincerely,
| /s/ Piseth Leng |
|
| Piseth Leng |
|
VP-Portfolio Manager
Technology - West
Main: 408 ###-###-#### | Cell: 408 ###-###-####
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