New Commitment Agreement among Sterile Recoveries, Inc., The Bankers Bank, and First Union National Bank

Summary

This agreement adds The Bankers Bank as a lender under an existing Credit Agreement with Sterile Recoveries, Inc. and First Union National Bank. The Bankers Bank commits to provide up to $15,000,000 in revolving loans, letters of credit, and swingline loans, effective October 4, 2000. The agreement confirms that The Bankers Bank will have the same rights and obligations as other lenders under the original Credit Agreement, and is governed by Florida law.

EX-10.43 4 0004.txt EXHIBIT 10.43 EXHIBIT 10.43 NEW COMMITMENT AGREEMENT Reference is made to the Credit Agreement dated as of February 24, 1999 (as amended, modified, extended or restated from time to time, the "CREDIT AGREEMENT") among by and among Sterile Recoveries, Inc., a Florida corporation (the "BORROWER"), the other Credit Parties party thereto, the Lenders party thereto and First Union National Bank, as Agent. All of the defined terms in the Credit Agreement are incorporated herein by reference. 1. Effective as of the Effective Date set forth below, the undersigned Lender hereby confirms its additional Commitment (the "Additional Commitment"), in an aggregate principal amount of up to the amount of set forth below, to make Revolving Loans and to participate in Letters of Credit and Swingline Loans in accordance with the Credit Agreement. If the undersigned Lender is already a Lender under the Credit Agreement, such Lender acknowledges and agrees that such Additional Commitment is in addition to any existing Commitment of such Lender under the Credit Agreement. If the undersigned Lender is not already a Lender under the Credit Agreement, such Lender hereby acknowledges, agrees and confirms that, by its execution of this New Commitment Agreement, such Lender will, as of the Effective Date, be a party to the Credit Agreement and be bound by the provisions of the Credit Agreement and, to the extent of its Commitment, have the rights and obligations of a Lender thereunder. 2. This New Commitment Agreement shall be governed by and construed in accordance with the laws of the State of Florida. Amount of Additional Commitment $15,000,000 Effective Date of Additional Commitment October 4, 2000 The terms set forth above are hereby agreed to: THE BANKERS BANK By: /s/ DALE A REID -------------------------------- Title: EXECUTIVE VICE PRESIDENT ------------------------------- CONSENTED TO (as required by the Credit Agreement): FIRST UNION NATIONAL BANK, STERILE RECOVERIES, INC. as Agent By: /s/ JOYCE L. BARRY By: /s/ D. JON MCGUIRE --------------------------------- -------------------------------- Title: SENIOR VICE PRESIDENT Title: VICE PRESIDENT ----------------------------- ------------------------------