Safe Harbor Statement

EX-10.C 5 l04958aexv10wc.htm EX-10(C) EX-10(C)
 

Exhibit 10(c)

PNC Bank, National Association
One PNC Plaza
249 Fifth Avenue
Pittsburgh, Pennsylvania ###-###-####

November 25, 2003

Worthington Receivables Corporation
1205 Dearborn Drive
Columbus, Ohio 43085
Attention: Randal I. Rombeiro

     
Re:   Extension of Facility Termination Date

Ladies and Gentlemen:

     Reference is hereby made to that Receivables Purchase Agreement (as amended from time to time, the “Agreement”), dated as of November 30, 2000, among each of the undersigned hereto. Terms used herein and not defined herein shall have the meanings set forth in the Agreement.

     As you have requested pursuant to Section 1.10 of the Agreement, we hereby agree to extend the Facility Termination Date to November 24, 2004. Accordingly, clause (a) of the definition of “Facility Termination Date” as set forth in Exhibit I to the Agreement is hereby amended by replacing the date “November 26, 2003” with the date “November 24, 2004” therein.

     If the foregoing is acceptable to you, please execute the enclosed copies of this letter and return them to the undersigned. Your execution of this letter shall constitute your representation and warranty that all necessary corporate action has been taken to extend the Facility Termination Date contemplated hereby. This letter may be executed in counterparts and shall be effective following our receipt of the fully executed counterpart hereto and once the Fifth Amendment to the Market Street Funding Corporation Liquidity Asset Purchase Agreement and the First Amendment to the Liberty Street Funding Corp. Liquidity Asset Purchase Agreement become effective.

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     IN WITNESS WHEREOF, the parties have executed this letter as of the date first written above.

 
MARKET STREET FUNDING CORPORATION
as a Purchaser
 
By: /s/ Evelyn Echevarria
Name: Evelyn Echevarria
Title: Vice President
 
 
PNC BANK, NATIONAL ASSOCIATION
as a Administrator and a Purchase Agent
 
By: /s/ John T. Smathers
Name: John T. Smathers
Title: Vice President
 
 
LIBERTY STREET FUNDING CORP.,
as a Purchaser
 
By: /s/ Andrew L. Stidd
Name: Andrew L. Stidd
Title: President
 
 
THE BANK OF NOVA SCOTIA,
as a Purchaser Agent
 
By: /s/ Alan Edwards
Name: Alan Edwards
Title: Managing Director

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    FIFTH THIRD BANK,
as a Purchaser Agent and as a Purchaser
     
     
    By: Robert O. Finley
    Name: Robert O. Finley
    Title: Vice President
     

ACKNOWLEDGED as of the date
first written above:

 

 
WORTHINGTON RECEIVABLES CORPORATION
as Seller
 
By: /s/ Randal I. Rombeiro
Name: Randal I. Rombeiro
Title: Treasurer

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