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Exhibit 10.39
FIRST AMENDMENT TO
LETTER OF CREDIT AGREEMENT
This
First Amendment to Letter of Credit Agreement (the "First
Amendment")
is made as of the 13 day of October, 2006 by and among
THE
GREAT ATLANTIC & PACIFIC TEA COMPANY, INC., a Maryland
corporation (the
"Company"); and
BANK
OF AMERICA, N.A., as Issuing Bank (the "Issuing Bank").
In consideration of the mutual covenants herein contained and
benefits to be
derived herefrom, the parties hereto agree as follows:
WITNESSETH
WHEREAS, the Company and the Issuing Bank are parties to a Letter
of Credit
Agreement dated as of October 14, 2005 (the "Letter of Credit
Agreement"); and
WHEREAS, the Company has advised the Issuing Bank that the Company
desires
to amend the Letter of Credit Agreement as provided herein.
NOW
THEREFORE, it is hereby agreed as follows:
1. Definitions:
All capitalized terms used herein and not otherwise defined
shall have the same meaning herein as in the Letter of Credit
Agreement.
2. Amendment of
the Letter of Credit Agreement. The Letter of Credit Agreement
is
hereby amended as follows:
a. Clause (i) of
the definition of "Termination Date" in Section 1.01 of the
Letter of Credit Agreement is hereby amended by deleting the
reference to
"October 14, 2006" therein and substituting in its stead "October
14,
2007".
b. Clause (ii)
of Section 2.01(b) of the Letter of Credit Agreement is hereby
amended by deleting the reference to "October 14, 2006" therein
and
substituting in its stead "October 14, 2007".
3. Conditions to
Effectiveness. This First Amendment shall not be effective
until each of the following conditions
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