written.
SUPERIOR UNIFORM GROUP, INC.,
a Florida corporation
By:
Andrew D. Demott, Jr., Executive Vice President, Chief Financial Officer and
Treasurer
EXHIBIT "K"
TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT
FORM OF PERMANENT DIMINUTION NOTICE
PERMANENT DIMINUTION NOTICE
[__________________]
Fifth Third Bank
201 East Kennedy Boulevard
18th Floor
Tampa, Florida 33602
Ladies and Gentlemen:
Reference is made to the Second Amended and Restated Credit Agreement dated as
of July 1, 2013 (as amended and in effect on the date hereof, the "Credit
Agreement"), between, inter alios, the undersigned, as Borrower and Fifth Third
Bank, Lender. Terms defined in the Credit Agreement are used herein with the
same meanings. This notice constitutes a Permanent Diminution Notice, and the
Borrower hereby elects as of the Permanent Diminution Effective Date set forth
below, which is not less than ten (10) days from the date of this notice, to
permanently reduce the Add-On Revolving Commitment Amount for the Add-On
Revolving Credit Facility to the principal sum set forth below as the Add-On
Revolving Credit Facility Cap, and hereafter, the maximum amount of the Add-On
Revolving Credit Facility is hereby permanently reduced to the Add-On Revolving
Credit Facility Cap.
(A)
Permanent Diminution Effective Date: [___________, 20__]
(B)
Add-On Revolving Credit Facility Cap: $[_______________]
[Remainder of Page Intentionally Blank]
Very truly yours,
SUPERIOR UNIFORM GROUP, INC.
By:
Name:
Title: