Loan Commitment Increase Agreement between LaSalle Bank and CMC Heartland Partners (October 15, 2000)
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LaSalle Bank National Association and CMC Heartland Partners, Heartland Partners, L.P., and CMC Heartland Partners IV have agreed to increase the revolving credit commitment under their existing loan agreement from $10 million to $11 million. This amendment is effective as of October 15, 2000, and the credit commitment will expire on December 31, 2000. All other terms of the original loan agreement remain unchanged. The parties acknowledge that this increase is a one-time amendment and does not set a precedent for future changes.
EX-10.30 2 0002.txt LOAN INCREASE-LASALLE BANK LASALLE BANK NATIONAL ASSOCIATION Exhibit 10.30 135 South LaSalle Street Chicago, Illinois 60603-3499 October 15, 2000 CMC Heartland Partners Heartland Partners, L.P. CMC Heartland Partners, IV 330 North Jefferson Court, Suite 305 Chicago, Illinois 60661 Attn: Richard P. Brandstatter Re: LaSalle Bank National Association ('LaSalle') loans to ---------------------------------------------------------- CMC Heartland Partners, Heartland Partners, L.P., and CMC --------------------------------------------------------- Heartland Partners, IV (collectively, the 'Borrowers') ------------------------------------------------------ Dear Mr. Brandstatter: Reference is hereby made to that certain Amended and Restated Loan and Security Agreement dated as of June 30, 1998 among LaSalle and Borrowers, as amended from time to time (collectively with all amendments thereto, the 'Loan Agreement'). Terms not otherwise defined herein shall have the meanings assigned to them in the Loan Agreement. Pursuant to the request of Borrowers, LaSalle previously allowed Borrowers to sell a portion of the Mortgaged Properties securing indebtedness of Borrowers to LaSalle under the Loan Agreement (collectively, the 'Releases'), as evidenced by certain releases executed by LaSalle from time to time. Concurrently and as a condition of such Releases, LaSalle and Borrowers agreed to reduce the Revolving Credit Commitment under the Loan Agreement from $15,300,000 to $10,000,000. Borrowers now have requested that LaSalle increase the Revolving Credit Commitment under the Loan Agreement from $10,000,000 to $11,000,000, which LaSalle is willing to do, in accordance with the terms hereof. LaSalle and Borrowers hereby agree, as of the date hereof, that the Revolving Credit Commitment shall be increased to $11,000,000. LaSalle and Borrowers hereby acknowledge that the Revolving Credit Commitment expires on December 31, 2000. The Borrowers hereby acknowledge that the amendment to the Loan Agreement contained in this letter agreement is granted by LaSalle only for the limited purpose set forth herein and each term and provision of the Loan Agreement continues in full force and effect, and such amendment is granted only for the specific instance specified herein and in no manner creates a course of dealing or otherwise impairs the rights of LaSalle arising under and as provided in the Loan Agreement. Borrowers hereby agree to execute and delivery such loan documentation as requested by LaSalle from time to time to evidence this amendment. None of the terms or conditions of this letter may be changed, modified, waived, or canceled, except by writing signed by all the parties hereto, specifying such change, modification, waiver, or cancellation. Except as otherwise specifically set forth herein, the Loan Agreement and all the Other Agreements are hereby confirmed and ratified in all respects and shall remain in full force and effect according to their respective terms. This letter shall be governed by and construed in accordance with the laws of the State of Illinois. Very truly yours, LASALLE BANK NATIONAL ASSOCIATION By:___ Name:___ Title:___ ACKNOWLEDGED AND AGREED: this 15th day of October, 2000. CMC HEARTLAND PARTNERS, a Delaware general partnership By: HEARTLAND TECHNOLOGY, INC., a Delaware corporation and an authorized general partner By:___ Its President By: HEARTLAND PARTNERS, L.P., a Delaware limited partnership and an authorized general partner By: Heartland Technology, Inc., Its: General Partner By:___ Its President HEARTLAND PARTNERS, L.P., a Delaware limited partnership By: Heartland Technology, Inc. Its: General Partner By:___ Its President CMC HEARTLAND PARTNERS IV, a Delaware limited liability company By:___ Its:___