Extension Letter to Receivables Purchase Agreement among Meritor HVS AB, Viking Asset Purchaser No. 7 IC, and Citicorp Trustee Company Limited
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Summary
Meritor HVS AB, Viking Asset Purchaser No. 7 IC, and Citicorp Trustee Company Limited have agreed to extend the term of their existing Receivables Purchase Agreement, originally dated June 28, 2011. The extension changes the period referenced in the definition of a Termination Event from one year to three years. The parties confirm their acceptance of this amendment by signing the letter. All other terms of the original agreement remain unchanged.
EX-10.D 2 exhibit10-d.htm EXTENSION LETTER DATED JUNE 10, 2013 SWEDISH RECEIVABLES FACILITY MTOR-06.30.2013-EX10.D
By: /s/ Stephen Langan
Exhibit 10-d
MERITOR HVS AB
To:
Viking Asset Purchaser No. 7 IC (the “Purchaser”)
Citicorp Trustee Company Limited (the “Programme Trustee”)
10 June 2013
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 “three (3) 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
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/ Stephen Langan
………………………
for and on behalf of
Viking Asset Purchaser No. 7 IC
By: /s/ David Mares
………………………
for and on behalf of
Citicorp Trustee Company Limited
