Seventh Amendment to Amended and Restated Credit Agreement between Kforce Inc. and Bank of America, N.A.

Contract Categories: Business Finance › Credit Agreements
Summary

This amendment, effective December 31, 2004, modifies the existing Credit Agreement between Kforce Inc. and Bank of America, N.A. It specifically changes the limit on certain types of debt, stating that the total amount of such debt, including capital leases, cannot exceed $5,000,000 at any time. All other terms of the original Credit Agreement remain unchanged, and this amendment does not waive or consent to any defaults under the agreement.

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EX-10.3G 2 dex103g.htm 7TH AMENDMENT TO THE AMENDED AND RESTATED CREDIT AGREEMENT 7th Amendment to the Amended and Restated Credit Agreement

EXHIBIT 10.3g

 

     Bank of America
     Business Capital
     GA7-293-01-01
April 21, 2005    300 Galleria Parkway
   Suite 800
     Atlanta, GA 30339
Via Telecopy: 813 ###-###-####    Tel      ###-###-####
     Fax      ###-###-####

Kforce Inc.

1001 East Palm Avenue

4th Floor

Tampa, Florida 33605

Attention:  William L. Sanders

 

  Re: Amended and Restated Credit Agreement (as amended, the “Credit Agreement”), dated as of November 3, 2000, among Kforce, Inc. (the “Borrower”), certain of its affiliates, and Bank of America, N.A. (the “Agent”), as agent for itself and certain financial institutions party thereto.

 

Mr. Sanders:

 

Reference is hereby made to the Credit Agreement. All capitalized terms used herein, unless otherwise defined herein, shall have the meanings ascribed to such terms in the Credit Agreement.

 

Effective December 31, 2004, clause (c)(ii) of Section 7.13 of the Credit Agreement shall be deemed restated to provide: “(ii) the aggregate amount of such Debt (including Capital Leases) outstanding does not exceed $5,000,000 at any time;”.

 

Except as expressly provided hereinabove, the Credit Agreement shall remain in full force and effect. Nothing contained herein shall be deemed to be or operate as a waiver of or consent to any Event of Default.

 

BANK OF AMERICA, N.A., as agent

By:

  

/s/ Mark Henderson

   

Title:

  

Vice President

Accepted and agreed:

KFORCE INC.

By:

  

/s/ W L Sanders

   

Title:

  

President