Amended Promissory Note Extension Agreement between SunTrust Bank, Inc. and Hughes Supply, Inc.
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Summary
SunTrust Bank, Inc. has officially extended the maturity dates for a $10,000,000 Swing Line and a $15,000,000 Guidance Line provided to Hughes Supply, Inc. Both credit facilities now mature on June 30, 2003. The Guidance Line funds are now allocated to a split-trac operating lease agreement. The extension is granted at the Bank's discretion, as allowed by the original notes. This agreement confirms the new terms and provides contact information for further assistance.
EX-10.16(A) 3 dex1016a.htm AMENDED PROMISSORY NOTE Prepared by R.R. Donnelley Financial -- AMENDED PROMISSORY NOTE
Exhibit 10.16 (a)
July 26, 2002
Mr. Robert Hillier
Hughes Supply, Inc.
20 N. Orange Ave., Suite 510
Orlando, FL 32801
Dear Robert:
This letter serves as official notice that as of July 25, 2002, the maturity date of the $10,000,000 Swing Line provided by SunTrust Bank, Inc. (the Bank) is extended to June 30, 2003. Concurrently, the $15,000,000 Guidance Line provided by the Bank has also been extended to June 30, 2003, with these funds now being appropriated to a split-trac operating lease agreement.
According to the Swing Line and Guidance Line Notes, the Bank may extend the Notes in writing and at its sole discretion.
If you should have any questions or need assistance please call me at ###-###-####.
Sincerely,
Sarah D. Hudson
Associate
SunTrust Bank, Inc.
