LASALLE BANK NATIONAL ASSOCIATION Exhibit 10.30
135 South LaSalle Street
Chicago, Illinois 60603-3499
October 15, 2000
CMC Heartland Partners
Heartland Partners, L.P.
CMC Heartland Partners, IV
330 North Jefferson Court, Suite 305
Chicago, Illinois 60661
Attn: Richard P. Brandstatter
Re: LaSalle Bank National Association ('LaSalle') loans to
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CMC Heartland Partners, Heartland Partners, L.P., and CMC
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Heartland Partners, IV (collectively, the 'Borrowers')
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Dear Mr. Brandstatter:
Reference is hereby made to that certain Amended and Restated
Loan and Security Agreement dated as of June 30, 1998 among LaSalle
and Borrowers, as amended from time to time (collectively with all
amendments thereto, the 'Loan Agreement'). Terms not otherwise
defined herein shall have the meanings assigned to them in the Loan
Agreement.
Pursuant to the request of Borrowers, LaSalle previously
allowed Borrowers to sell a portion of the Mortgaged Properties
securing indebtedness of Borrowers to LaSalle under the Loan
Agreement (collectively, the 'Releases'), as evidenced by certain
releases executed by LaSalle from time to time. Concurrently and
as a condition of such Releases, LaSalle and Borrowers agreed to
reduce the Revolving Credit Commitment under the Loan Agreement
from $15,300,000 to $10,000,000. Borrowers now have requested that
LaSalle increase the Revolving Credit Commitment under the Loan
Agreement from $10,000,000 to $11,000,000, which LaSalle is willing
to do, in accordance with the terms hereof.
LaSalle and Borrowers hereby agree, as of the date hereof,
that the Revolving Credit Commitment shall be increased to
$11,000,000. LaSalle and Borrowers hereby acknowledge that the
Revolving Credit Commitment expires on December 31, 2000. The
Borrowers hereby acknowledge that the amendment to the Loan
Agreement contained in this letter agreement is granted by LaSalle
only for the limited purpose set forth herein and each term and
provision of the Loan Agreement continues in full force and effect,
and such amendment is granted only for the specific instance
specified herein and in no manner creates a course of dealing or
otherwise impairs the rights of LaSalle arising under and as
provided in the Loan Agreement. Borrowers hereby agree to execute
and delivery such loan documentation as requested by LaSalle from
time to time to evidence this amendment.
None of the terms or conditions of this letter may be changed,
modified, waived, or canceled, except by writing signed by all the
parties hereto, specifying such change, modification, waiver, or
cancellation. Except as otherwise specifically set forth herein,
the Loan Agreement and all the Other Agreements are hereby
confirmed and ratified in all respects and shall remain in full
force and effect according to their respective terms.
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This letter shall be governed by and construed in accordance
with the laws of the State of Illinois.
Very truly yours,
LASALLE BANK NATIONAL
ASSOCIATION
By:___
Name:___
Title:___
ACKNOWLEDGED AND AGREED:
this 15th day of October, 2000.
CMC HEARTLAND PARTNERS, a
Delaware general partnership
By: HEARTLAND TECHNOLOGY,
INC., a Delaware corporation and
an authorized general partner
By:___
Its President
By: HEARTLAND PARTNERS,
L.P., a Delaware limited
partnership and an authorized
general partner
By: Heartland Technology, Inc.,
Its: General Partner
By:___
Its President
HEARTLAND PARTNERS, L.P., a
Delaware limited partnership
By: Heartland Technology, Inc.
Its: General Partner
By:___
Its President
CMC HEARTLAND PARTNERS IV, a
Delaware limited liability company
By:___
Its:___
