Extension Letter to Receivables Purchase Agreement among Meritor HVS AB, Viking Asset Purchaser No. 7 IC, and Citicorp Trustee Company Limited

Contract Categories: Business Finance › Purchase Agreements
Summary

This letter agreement extends the termination date of a Receivables Purchase Agreement originally dated June 28, 2011, between Meritor HVS AB (the Seller), Viking Asset Purchaser No. 7 IC (the Purchaser), and Citicorp Trustee Company Limited (the Programme Trustee). The new termination date is set for January 31, 2017. All parties have agreed to this extension by signing the letter, confirming that the agreement will now end on the specified date unless further amended.

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EX-10.A 2 exhibit10-a.htm EXTENSION OF A RECEIVABLES PURCHASE AGREEMENT DATED AS OF DECEMBER 6, 2016 Exhibit

Exhibit 10-a
To:
Viking Asset Purchaser No. 7 IC (the “Purchaser”)
Citicorp Trustee Company Limited (the “Programme Trustee”)
06 December 2016
Dear Sirs,
Extension of a receivables purchase agreement between the Purchaser, the Programme Trustee and ourselves as Seller dated 28 June 2011 as amended, (the “Receivables Purchase Agreement”).
We refer to the Receivables Purchase Agreement. We write to record the terms and conditions upon which the parties have agreed to extend the Receivables Purchase Agreement.
In the definition of Termination Event, sub-clause (a) which appears in Clause 1 of the Receivables Purchase Agreement shall be replaced by “January 31, 2017, is reached”, which, for the avoidance of doubt, means that the Receivables Purchase Agreement will terminate on 31 January 2017.
Please acknowledge your acceptance of the terms and conditions contained in this Letter of Agreement by signing and returning the enclosed duplicate.
Yours faithfully,

for and on behalf of
Meritor HVS AB
/s/ Carl D. Anderson, II        
Carl D. Anderson, II
We accept the terms and conditions set out in the Letter of Agreement of which the foregoing is the duplicate.

/s/ Michael Lombardi        
for and on behalf of
Viking Asset Purchaser No. 7 IC

/s/ David Mares            
for and on behalf of
Citicorp Trustee Company Limited