Extension Letter to Credit Agreement between General Bearing Corporation and KeyBank National Association (March 21, 2003)
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Summary
This letter agreement extends the termination date of the existing Credit Agreement between General Bearing Corporation and KeyBank National Association, acting as Administrative Agent and sole Lender. The scheduled revolving termination date is changed from April 30, 2003, to June 30, 2003. All other terms and conditions of the original Credit Agreement remain unchanged and in effect.
EX-10.24 5 e300261_ex10-24.txt EXTENSION OF THE CREDIT AGREEMENT Exhibit 10.24 March 21, 2003 Mr. David L. Gussack President General Bearing Corp. 44 High Street West Nyack, NY 10994 Re: Credit Agreement among General Bearing Corporation and KeyBank National Association as Administrative Agent and The Several Lenders From Time to Time Parties to the Credit Agreement, as Lenders, dated December 20, 1999. Dear Dave, This letter confirms that KeyBank, as Administrative Agent and sole Lender, has extended the Scheduled Revolving Termination Date from April 30, 2003 to June 30, 2003. All other terms and conditions of the Credit Agreement remain in full force and effect. Please call me with any questions. Sincerely, Joseph F. Markey Senior Vice President
