Waiver Extension Agreement to Fourth Amended Loan and Security Agreement between XeTel Corporation and The CIT Group/Business Credit, Inc.
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Summary
XeTel Corporation and The CIT Group/Business Credit, Inc. have agreed to extend the waiver period specified in Section 3.1 of their Fourth Amendment to Credit Agreement. The new waiver period now extends to November 19, 2001. This extension allows XeTel Corporation additional time under the terms previously set out in the amended loan and security agreement.
EX-10.22 5 d92300ex10-22.txt WAIVER EXTENSION TO 4TH AMENDED LOAN/SECURITY AGMT EXHIBIT 10.22 November 19, 2001 The CIT Group/Business Credit, Inc. Two Lincoln Centre 5420 LBJ Freeway, Suite 200 Dallas, Texas 75240 Attention: R. Grant Weiss Dear Grant: XeTel Corporation ("Borrower") requests that the waiver period set forth in Section 3.1 of the Fourth Amendment to Credit Agreement dated as of October 15, 2001 be extended to November 19, 2001. Thank you for your consideration. XETEL CORPORATION By: -------------------------------- Name: Title: AGREED-TO on November 14, 2001 THE CIT GROUP/BUSINESS CREDIT, INC. By: --------------------------------- Name: Title:
