Haggar Commitment Reduction Notice under Second Amended and Restated Credit Agreement with JP Morgan Chase Bank
Haggar notified JP Morgan Chase Bank, as Agent, that it is reducing its credit commitments under their existing credit agreement from $111 million to $70 million, effective September 6, 2005. The letter serves as formal notice in accordance with the terms of the agreement. JP Morgan Chase Bank confirmed receipt and acceptance of this request. The agreement outlines the process for changing the commitment amount and requires written confirmation from both parties.
Exhibit 10(a)
August 9, 2005
Via Telecopy
JP Morgan Chase Bank
Loan and Agency Services Group
One Chase Manhattan Plaza, 8th Floor
New York, New York 10081
Attn: Agency Services
Telecopy No. (212) 552-2261
Mr. Scott Harvey
JP Morgan Chase Bank
2200 Ross Ave.
Dallas, TX 75201
Telecopy No. (214) 965-3849
Re: Second Amended and Restated Credit Agreement dated as of June 13, 2002, as amended (the “Agreement”)
Dear Scott:
Pursuant to Section 2.4(a) of the Agreement, Haggar is hereby notifying JP Morgan Chase Bank, as Agent, that we are reducing the Commitments by $41,000,000 from $111,000,000 to $70,000,000 as of September 6, 2005.
Please confirm receipt and acceptance of this request by signing and returning a copy of this letter to me by telecopy at ###-###-####.
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| Sincerely, | |||||
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| /s/ John W. Feray |
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| John W. Feray | |||||
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| SVP, Chief Accounting Officer | |||||
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| Received and Accepted | ||||||
| By: | /s/ D. Scott Harvey |
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| Name and Title: | D. Scott Harvey, Vice President |
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