Letter of Consent Regarding Sale of Senior Convertible Notes by FLIR Systems, Inc. from Bank of America, N.A. (June 6, 2003)
Bank of America, acting as agent for the lenders, confirms to FLIR Systems, Inc. that all lenders have agreed to allow the company to sell up to $210 million in Senior Convertible Notes. This consent is related to the existing Credit Agreement dated March 22, 2003. The letter serves as formal approval for the transaction and is addressed to FLIR Systems' Treasurer, with copies sent to other involved financial institutions.
Exhibit 10.3
FAX TRANSMISSION
ORIGINAL SENT BY U.S. MAIL
Bank of America
Commercial Agency Management
WA1-501-37-20
800 Fifth Avenue, Floor 37
Seattle, WA 98104-3185
Tel ###-###-####
Fax ###-###-####
June 6, 2003
David Loftus
Treasurer
FLIR Systems, Inc.
16505 SW 72nd Avenue
Portland OR 97224
FAX: 503-4995-1715
| RE: | FLIR Systems, Inc. |
Credit Agreement dated as of March 22, 2003
Dear Dave:
Bank of America, as Agent is pleased to inform you that all Lenders have consented to the sale of up to $210 million of Senior Convertible Notes as of June 5, 2003.
Please call if I can be of further assistance.
Sincerely,
Bank of America, as Agent
/s/ DORA BROWN
Dora Brown
VP/Senior Agency Officer
| cc: | Eric Eidler, Bank of America | FAX: 503 ###-###-#### | ||
| Kevin McBride, KeyBank | FAX: 415 ###-###-#### | |||
| Scott Mahoney, KeyBank | FAX: 425 ###-###-#### | |||
| Tom Marks, Union Bank of CA | FAX: 503 ###-###-#### |
