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Re: Extension of Obligations under Side Letter

Loan Agreement

Re:           Extension of Obligations under Side Letter | Document Parties: BUTLER INTERNATIONAL INC /MD/ You are currently viewing:
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BUTLER INTERNATIONAL INC /MD/

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Title: Re: Extension of Obligations under Side Letter
Governing Law: New York     Date: 3/26/2009
Industry: Business Services     Sector: Services

Re:           Extension of Obligations under Side Letter, Parties: butler international inc /md/
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Exhibit 10.3

 

 

as of March 24, 2009

 

Butler Service Group, Inc.

110 Summit Avenue

Montvale, NJ 07645

 

Attn: Ron Uyematsu

 

 

Re:            Extension of Obligations under Side Letter

 

Ladies and Gentlemen:

 

Reference is made to that certain (i) Third Amended and Restated Credit Agreement, dated as of August 29, 2007 (including, all annexes, exhibits and schedules thereto, and as amended, supplemented or otherwise modified from time to time, the “ Credit Agreement ”), by and among Butler Service Group, Inc. (the “ Borrower ”), the other Credit Parties signatory thereto (the Credit Parties together with the Borrower, individually and collectively “ You ” or “ Your ”), General Electric Capital Corporation (“ GECC ”), as a Lender and Agent for Lenders (in such capacity, the “ Agent ”), and the other Lenders signatory thereto from time to time, (ii) Forbearance Agreement, dated as of March 20, 2009, by and among the Borrower, the other Credit Parties signatory thereto and Agent (as amended, supplemented or otherwise modified from time to time, the “ Forbearance Agreement ”) and (iii) Side Letter, dated March 20, 2009, by and among the Borrower, the other Credit Parties signatory thereto and the Agent (the “ Side Letter ”).  Unless otherwise defined herein, capitalized terms used herein shall have the respective meanings provided in the Credit Agreement.

 

In accordance with the Side Lett


 
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