EXHIBIT 10.43
EXHIBIT 10.43
NEW COMMITMENT AGREEMENT
Reference is made to the Credit Agreement dated as of February 24, 1999
(as amended, modified, extended or restated from time to time, the "CREDIT
AGREEMENT") among by and among Sterile Recoveries, Inc., a Florida corporation
(the "BORROWER"), the other Credit Parties party thereto, the Lenders party
thereto and First Union National Bank, as Agent. All of the defined terms in the
Credit Agreement are incorporated herein by reference.
1. Effective as of the Effective Date set forth below, the undersigned
Lender hereby confirms its additional Commitment (the "Additional Commitment"),
in an aggregate principal amount of up to the amount of set forth below, to make
Revolving Loans and to participate in Letters of Credit and Swingline Loans in
accordance with the Credit Agreement. If the undersigned Lender is already a
Lender under the Credit Agreement, such Lender acknowledges and agrees that such
Additional Commitment is in addition to any existing Commitment of such Lender
under the Credit Agreement. If the undersigned Lender is not already a Lender
under the Credit Agreement, such Lender hereby acknowledges, agrees and confirms
that, by its execution of this New Commitment Agreement, such Lender will, as of
the Effective Date, be a party to the Credit Agreement and be bound by the
provisions of the Credit Agreement and, to the extent of its Commitment, have
the rights and obligations of a Lender thereunder.
2. This New Commitment Agreement shall be governed by and construed in
accordance with the laws of the State of Florida.
Amount of Additional Commitment $15,000,000
Effective Date of Additional Commitment October 4, 2000
The terms set forth above
are hereby agreed to:
THE BANKERS BANK
By: /s/ ▇▇▇▇ ▇ ▇▇▇▇
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Title: EXECUTIVE VICE PRESIDENT
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CONSENTED TO (as required by the Credit Agreement):
FIRST UNION NATIONAL BANK, STERILE RECOVERIES, INC.
as Agent
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ By: /s/ D. ▇▇▇ ▇▇▇▇▇▇▇
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Title: SENIOR VICE PRESIDENT Title: VICE PRESIDENT
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