Credit Agreement between Credit du Nord and Rowecom France (October 29, 1999)
Contract Categories:
Business Finance
›
Credit Agreements
Summary
Credit du Nord has approved a line of credit for Rowecom France, including an overdraft facility and seasonal credit with specified limits and interest rates. The agreement requires guarantees from Rowecom Inc., the parent company, and a Dailly transfer as security. The seasonal credit is available in two tranches: 70 million francs from December 1, 1999 to February 29, 2000, and 30 million francs from March 1, 2000 to May 31, 2000, with no credit available after June 1, 2000. The agreement aims to support Rowecom France's financial needs.
EX-10.51 23 a2043409zex-10_51.txt EXHIBIT 10.51 Exhibit 10.51 _________________________________CREDIT DU NORD_________________________________ AGENCE DE MASSY ENTREPRISES 2 TER, AVENUE DE FRANCE [date stamp] RECEIVED NOV. 4, 1999 BP 84 91303 MASSY CEDEX Tel: 01 69 93 85 00 Fax: 01 69 93 85 10 ROWECOM FRANCE VILLEBON SUR YVETTE RUE DE LA PRAIRIE 91 871 PALAISEAU CEDEX ATTN: MR. LUC PRUDHON Massy, 10/29/1999 Dear Sirs: We are pleased to send to you the agreement of our Committee on the following lines of credit: * Overdraft 10 MF EONIA + 0.50% * Seasonal credit: - 70 MF from 12/1/1999 to 2/29/2000 - 30 MF from 3/1/2000 to 5/31/2000 - nothing beginning 6/1/2000 utilization by notes from 1 to 3 months minimum 1 MF Conditions: Euribor 1 to 3 months + 0.40% GUARANTEES: - letter of intent from the ROWECOM INC. parent company - Dailly transfer as guarantee. It is our sincere hope that we have met your expectations in view of strengthening our commercial relationship. Sincerely, [signature] Pascale Le Feunteun Business Clientele Advisor [handwritten] Doc. 16 = Ex. 10.40