Loan Modification Agreement between People's Bank and Gunther International, Ltd. (August 25, 2000)

Contract Categories: Business Finance › Modification Agreements
Summary

People's Bank and Gunther International, Ltd. have agreed to extend the maturity date of a commercial loan from August 31, 2000 to November 30, 2000. All other terms of the original loan note remain unchanged. The agreement clarifies that this extension does not waive any rights or remedies of People's Bank under the existing loan documents. The modification is signed by representatives of both parties.

Read More Arrow
EX-10.1 2 y42310ex10-1.txt EXHIBIT 10.1 1 Exhibit 10.1 ARTHUR C. BARTON Vice President Commercial Banking - -------------------------------------------------------------------------------- PEOPLE'S BANK People's Bank 4 Broadway Norwich, Connecticut ###-###-#### ###-###-#### Fax: 860 ###-###-#### August 25, 2000 Mr. Michael Vehlies Gunther International, Ltd. One Winnenden Road Norwich, CT 06360 Re: Commercial Loan #4097724927 #18/26 Dear Mike: People's Bank hereby provides the following modification to the note dated October 23, 1999: - Extend the maturity date from August 31, 2000 to November 30, 2000. All other terms of the note shall continue to remain in full force and effect. Nothing contained herein shall waive, prejudice, impair or otherwise adversely affect any right, power or remedy of People's Bank under any of its loan documents or create a course of dealing with respect thereto. This waiver is not intended and shall not be construed as a waiver of such rights, remedies or powers that People's Bank may have pursuant to any of its loan documents and all such rights are expressly reserved. Sincerely, /s/ Arthur C. Barton Arthur C. Barton Vice President Borrower: GUNTHER INTERNATIONAL, LTD. By: /s/ Michael M. Vehlies ------------------------- Its: Chief Financial Officer -------------------------