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FORBEARANCE AGREEMENT

Forbearance Agreement

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This Forbearance Agreement involves

RIVIERA TOOL CO | COMERICA BANK | RIVIERA TOOL COMPANY

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Title: FORBEARANCE AGREEMENT
Governing Law: Michigan     Date: 12/27/2004
Industry: MSCGDS     Sector: CAPGDS

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                                                                  Exhibit 10(hh)

 

December 15, 2004

 

Mr. Kenneth R. Rieth

President

Riviera Tool Company

5460 Executive Parkway S.E.

Grand Rapids, MI 49512-5507

 

RE:   FORBEARANCE AGREEMENT ("FORBEARANCE AGREEMENT") AMONG COMERICA BANK

      ("BANK") AND RIVIERA TOOL COMPANY ("BORROWER") DATED NOVEMBER 16, 2004

 

Dear Mr. Rieth:

 

Borrower has requested that Bank extend its forbearance under the Forbearance

Agreement to December 22, 2004.

 

Subject to timely, written acceptance by Borrower of the following conditions in

this first amendment to the Forbearance Agreement ("First Amendment"), Bank is

willing to continue to forbear until December 22, 2004, subject to earlier

termination as provided below, from further action to collect the Liabilities:

 

Future administration of the Liabilities and the financing arrangements between

Bank and Borrower shall continue to be governed by the covenants, terms and

conditions of the Forbearance Agreement and the other Loan Documents, which are

ratified and confirmed and incorporated by this reference, except to the extent

that the Forbearance Agreement and the other Loan Documents have been

superseded, amended, modified or supplemented by this First Amendment or are

inconsistent with this First Amendment, then this First Amendment shall govern.

Borrower acknowledges Bank is under no obligation to advance funds or extend

credit to Borrower under the Loan Documents, or otherwise.

 

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