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EXHIBIT 10.35
CIBC
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Commercial Lending Specialist
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Winnipeg Commercial Banking
Centre
500-One Lombard Place
Winnipeg, MB
R3C 2P3
June 26, 2000
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Assistant Treasurer
Ceridian Corporation
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Dear ▇▇. ▇▇▇▇▇:
AMENDMENT NUMBER 2
CERIDIAN CANADA LTD.
CREDIT AGREEMENT DATED MARCH 1, 1998
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We refer to the above agreement and our discussions concerning a review of the
credit limits including Facility B which is subject to annual review as per
Section 5.2(b). Based on our discussions we confirm the following changes:
- The credit limit for Facility A has been permanently reduced to
$35,000,000.
- Facility C established to make available Corporate Visa Expense
Accounts to a maximum of $1,000,000 is cancelled.
- The next annual review date as specified in Section 5.1(b) is
May 31, 2001.
Standby Fees-
- The standby fee recorded in Section 4.5 for Facility A effective
June 1, 2000 will be calculated on the reduced authorized limit.
The credit limit has been reduced as per your specific request. Facility C has
been cancelled as you advised this facility is no longer required. We are
proposing to extend the annual review date by one month to allow additional time
to receive and review the annual statement.
Please acknowledge receipt of these amendments on the enclosed copy of this
letter. The next annual review is scheduled for April 30, 2001.
Yours truly,
/s/▇.▇. ▇▇▇▇▇▇
Commercial Lending Specialist
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Tel: ▇▇▇-▇▇▇-▇▇▇▇
Fax: ▇▇▇-▇▇▇-▇▇▇▇
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Acknowledgment: The undersigned acknowledges receipt of a copy
of this Agreement.
Accepted this 5th day of July, 2000.
CERIDIAN CANADA LTD.
By: /s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ By: /s/▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Vice President Title: Vice President
& Treasurer