Extension Letter to Receivables Purchase Agreement among Meritor HVS AB, Viking Asset Purchaser No. 7 IC, and Citicorp Trustee Company Limited (June 27, 2014)

Contract Categories: Business Finance › Purchase Agreements
Summary

This letter agreement extends the term 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 key change is that the period referenced in the definition of a Termination Event is extended from one year to four years. The parties confirm their acceptance of this extension by signing the letter.

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EX-10.A 2 exhibit10-a.htm EXTENSION LETTER DATED JUNE 27, 2014 RELATING TO RECEIVABLES PURCHASE AGREEMENT MTOR-06.30.2014-EX10.A

Exhibit 10-a

To:
Viking Asset Purchaser No. 7 IC (the “Purchaser”)
Citicorp Trustee Company Limited (the “Programme Trustee”)
27 June 2014
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, the reference to “one (1) year “ shall be replaced by “four (4) years”.
Please acknowledge your acceptance of the terms and conditions contained in this Letter of Agreement by signing and returning the enclosed duplicate.
Yours faithfully,
By: /s/Eric Moss
Name: Eric Moss
Title: Director, Treasury

for and on behalf of
Meritor HVS AB
We accept the terms and conditions set out in the Letter of Agreement of which the foregoing is the duplicate.
By: /s/Michael Lombardi
Name: Michael Lombardi
Title: Director

for and on behalf of
Viking Asset Purchaser No. 7 IC
By: /s/David Mares
Name: David Mares
Title: Director



for and on behalf of
Citicorp Trustee Company Limited