Staples, Inc. Notice of Termination of Total Commitment under Credit Agreement with Barclays Bank PLC
Staples, Inc. notifies Barclays Bank PLC, as administrative agent, that it is terminating the entire Total Commitment under their existing Credit Agreement, effective May 26, 2009. This action is taken in accordance with the terms of the Credit Agreement, and Barclays is requested to inform all lenders involved. The notice is signed by Staples, Inc.'s Vice President and Assistant Treasurer.
Exhibit 10.2
May 20, 2009
Barclays Bank PLC
200 Cedar Knolls Road
Whippany, New Jersey 07981
Attention: May Wong
Fax: 973 ###-###-####
Email: ***@***
Barclays Capital
200 Park Avenue
New York, New York 10166
Attention: David E. Barton
Fax: 212 ###-###-####
Email: ***@***
| Re: |
| Credit Agreement, dated April 1, 2008, by and among Staples, Inc., Barclays Bank PLC, as successor Administrative Agent, and the co-syndication agents and lenders party thereto, as amended from time to time through the date hereof (the “Credit Agreement”) |
Ladies and Gentlemen:
Reference is hereby made to Section 2.4 (“Reduction of Total Commitment”) of the Credit Agreement. Terms used herein but not defined herein shall have the meanings assigned thereto in the Credit Agreement.
Please take notice that, in accordance with Section 2.4 of the Credit Agreement, Staples, Inc. hereby gives notice that, effective May 26, 2009, the Total Commitment shall be terminated in its entirety.
Please give notice to the Lenders of this reduction of the Total Commitment in accordance with Section 2.4 of the Credit Agreement.
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| Regards, | |
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| STAPLES, INC. | |
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| By: | /s/ Marci Jo Lerner |
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| Name: | Marci Jo Lerner |
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| Title: | Vice President, Assistant Treasurer |
