FACILITY REDUCTION NOTICE
EX-10.1 2 c58721exv10w1.htm EX-10.1 exv10w1 
Exhibit 10.1
FACILITY REDUCTION NOTICE
June 21, 2010
To: | SunTrust Robinson Humphrey, Inc. (“Administrator”) on behalf of Three Pillars Funding LLC (“Lender”) | |
From: | G&K Receivables Corp. (“Borrower”) | |
Re: | Amended and Restated Loan Agreement dated as of October 1, 2008, as amended (the “Agreement”) among Borrower, G&K Services, Inc., as the Servicer, the Lender and the Administrator |
(i) | Pursuant to Section 2.6, the undersigned hereby notifies the Administrator of a reduction in part of the unused portion of the Facility Limit (in a minimum amount of $5,000,000 or a higher intergral multiple of $1,000,000, and shall not reduce the Facility Limit below $40,000,000) | $ | 10,000,000 | |||
(ii) | The date such Facility Reduction will be made is: | July 1, 2010 | ||||
(iii) | The new Facility Limit under the Agreement, after giving effect to the reduction in (i) above, is equal to: | $ | 40,000,000 | |||
Capitalized terms used but not defined herein shall have the meanings given to them in the Agreement.
The undersigned certifies to the accuracy of the foregoing.
| G&K RECEIVABLES CORP. | ||||
| Date: June 16, 2010 | By: | /s/ Jeffrey L. Wright | ||
| Name/Title: Jeffrey L. Wright, Executive VP and CFO | ||||
All payments to Three Pillars Funding LLC must be made by 12:00 pm Eastern Time in order to comply with Section B(1)(a) of the DTC Operational Arrangements and the DTC Notice (B#2078-07) dated September 11, 2007
