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Exhibit 10.41
THIRD AMENDMENT TO
LETTER OF CREDIT AGREEMENT
This Third Amendment to Letter of Credit Agreement (the "Third
Amendment") is made as of the 14th day of October, 2007 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, as amended (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, 2007"
therein and substituting in its stead "April 14, 2008".
b.
Clause (ii) of Section 2.01(b) of the Letter of Credit
Agreement is hereby amended by deleting the reference to
"October 14, 2007" therein and substituting in its stead
"April 14, 2008".
3.
Conditions to Effectiveness. This Third Amendment shall
not be effective until each of the following conditions
precedent have been fulfilled to the satisfaction of the
Issuing Bank:
a.
This Third
Amendment shall have been duly executed and
delivered by the Company and the Issuing Bank.
b.
All action on the part of the Company necessary for the
valid execu
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