Amendment to Credit Agreement between OSI Restaurant Partners, Inc. and Wachovia Bank (May 22, 2007)

Contract Categories: Business Finance › Modification Agreements
Summary

OSI Restaurant Partners, Inc. and Wachovia Bank, National Association have agreed to amend their existing Credit Agreement by extending the "Termination Date" to June 30, 2007. All other terms and conditions of the original agreement remain unchanged. OSI Restaurant Partners, Inc. is responsible for covering the bank's related expenses, including legal fees for this amendment.

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EX-10.1 2 exhibit10-1creditagmtamend.htm EXHIBIT 10.1 CREDIT AGREEMENT AMENDMENT 5.22.07 EX-10.1
Exhibit 10.1

May 22, 2007


 
OSI Restaurant Partners, Inc.
2202 North Westshore Blvd., 5th Floor
Tampa, Florida 33607
Attention: Dirk A. Montgomery


 
Re:
Credit Agreement dated as of October 12, 2006 between OSI Restaurant Partners, Inc. and Wachovia Bank, National Association, as amended (the “Credit Agreement”). Capitalized terms used but not defined herein shall have the meanings given in the Credit Agreement.

Ladies and Gentlemen:

On March 14, 2007, Wachovia Bank, National Association agreed to amend and restate the definition of “Termination Date” contained in Section 1.01 of the Credit Agreement to May 30, 2007. The purpose of this letter is to confirm a further agreement of Wachovia Bank, National Association to amend and restate the definition of “Termination Date” contained in Section 1.01 of the Credit Agreement as follows: “Termination Date” means June 30, 2007.

Nothing contained herein shall waive, annul, vary or affect any provision, condition, covenant or agreement contained in the Credit Agreement, except as set forth above, nor affect or impair any rights, powers or remedies under the Credit Agreement. The Borrower and Guarantors shall pay all expenses of the Bank including reasonable fees and disbursements of special counsel for the Bank in connection with the preparation of this letter.


                     Very truly yours,

 
                                       WACHOVIA BANK, NATIONAL ASSOCIATION


                                        By: /s/ Lynn E. Culbreath________________ (SEAL)
                                      ; Lynn E. Culbreath, Senior Vice President