Document:

<PAGE>   1

                                                                   EXHIBIT 10(k)

                                   AMENDMENT C
                                       TO
                   EIGHTH AMENDED AND RESTATED LOAN AGREEMENT

         THIS AMENDMENT C TO EIGHTH AMENDED AND RESTATED LOAN AGREEMENT (this
"Amendment") is made as of November 30, 2000, between BANK OF AMERICA, N.A., a
national banking association (the "Bank"), and PEERLESS MFG. CO., a Texas
corporation (the "Borrower").

                                R E C I T A L S:

         A. The Borrower and the Bank are parties to that certain Eighth Amended
and Restated Loan Agreement dated as of December 12, 1999 (the "Original Loan
Agreement"), as amended by that certain Amendment A to Eighth Amended and
Restated Loan Agreement dated as of February 25, 2000 ("Amendment A"), and as
amended by that certain Amendment B to Eighth Amended and Restated Loan
Agreement dated as of May 30, 2000 ("Amendment B,"). The Original Loan
Agreement, Amendment A and Amendment B are collectively referred to herein as
the "Existing Loan Agreement."

         B. Chase (as herein defined) has previously extended one or more credit
facilities to the Borrower pursuant to the Chase Loan Documents (as herein
defined).

         C. In return for the Bank's agreement to waive certain events of
default existing under the Loan Documents and Chase's agreement to waive certain
events of default under the Chase Loan Documents, the Borrower has agreed to
grant a security interest to the Bank, as collateral agent for itself and for
Chase, to secure both the Bank of America Debt and the Chase Debt, each as
defined below. This lien has been created by the Security Agreement, defined
below, and the relationship between the Lenders with respect to the collateral
described in the Security Agreement is set forth in the Intercreditor Agreement
as defined below.

         D. The Borrower and the Bank have agreed to amend the Existing Loan
Agreement (i) to provide that the Borrower cannot pay dividends if an event of
default has occurred thereunder, (ii) to provide that a default under the Chase
Loan Documents is an event of thereunder, and (iii) to make various other
changes necessary to effect the foregoing.

         NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Bank and the Borrower agree as follows:

         1.0 SAME TERMS. All terms used herein which are defined in the Existing
Loan Agreement shall have the same meanings when used herein, unless the context
hereof otherwise requires or provides. In addition, all references in the Loan
Documents to the "Agreement" shall mean the Existing Loan Agreement, as amended
by this Amendment, and as the same shall hereafter be amended from time to time.
All references to the "Loan Documents" in the Existing Loan Agreement and the
other Loan Documents shall also include the Security Agreement and Intercreditor
Agreement, each as defined below. In addition, the following terms have the
meanings set forth below:

             "CHASE" means The Chase Manhattan Bank, a New York banking
association, as successor to Chase Bank of Texas, N.A.

                                       1
<PAGE>   2

             "CHASE LOAN DOCUMENTS" mean all loan agreements, notes, letters of
credit, documents, instruments, guarantees, security agreements, deeds of trust,
pledge agreements, certificates and agreements between the Borrower and Chase
which reflect any loan or other extension of credit made by Chase to the
Borrower, or which are delivered by the Borrower to Chase in connection with any
loan or other extension of credit by Chase to the Borrower. The Chase Loan
Documents include the Security Agreement and the Intercreditor Agreement.

             "EFFECTIVE DATE" means November 30, 2000, or such later date as the
Borrower has satisfied the conditions precedent specified in Section 3.0 of this
Amendment.

             "INTERCREDITOR AGREEMENT" means that certain Intercreditor
Agreement among the Bank, Chase and the Borrower dated as of November 30, 2000,
as the same may be amended or modified from time to time.

             "SECURITY AGREEMENT" means that certain Security Agreement between
the Borrower and the Bank, in its capacity as the collateral agent for itself
and Chase, dated as of November 30, 2000, as the same may be amended or modified
from time to time.

         2.0 AMENDMENTS TO AGREEMENT. On the Effective Date, the Agreement shall
be amended as follows:

             2.1 Amendment to Definitions. The definitions of "Chase," "Chase
         Loan Documents," "Intercreditor Agreement," and "Security Agreement,"
         shall be inserted into Section 1.0. In addition, the definition of
         "Chase Agreement" shall be amended to read in its entirety as follows:

                 "CHASE AGREEMENT. Chase Agreement means the Loan Agreement
         between the Borrower and Chase dated as of December 12, 1998, as
         modified and amended from time to time."

             2.2 Amendment to Section 5. Section 5 of the Agreement shall be
         amended by adding the following paragraph I:

                 "I. NO PAYMENT OF DIVIDENDS UPON DEFAULT. Declare, authorize or
         pay any dividend at any time after an event of default under this
         Agreement has occurred."

             2.3 Amendment to Section 6. Section 6 of the Agreement shall be
         amended by adding the following paragraph Q:

                 "Q. The occurrence of any default under any of the Chase Loan
         Documents."

         3.0 CONDITIONS PRECEDENT. The transactions contemplated by this
Amendment shall be deemed effective on the Effective Date when the following
conditions have been complied with to the satisfaction of the Bank, unless
waived by the Bank in writing:

             3.1 Amendment. The Borrower shall have executed and delivered to
         the Bank this Amendment.

                                       2
<PAGE>   3

             3.2 Security Agreement and Intercreditor Agreement. The Borrower
         shall have executed and delivered to the Bank the Security Agreement
         and Intercreditor Agreement.

             3.3 Other Documents. The Bank shall have received in form and
         substance satisfactory to the Bank and its counsel such other
         approvals, documents, certificates, and other instruments as the Bank
         in its sole discretion shall require.

             3.4 Chase Approval. The Borrower shall have delivered to the Bank
         evidence satisfactory to the Bank that the execution, delivery, and
         performance of this Amendment does not violate any of the Chase Loan
         Documents or that Chase has waived any such violation.

         4.0 CERTAIN REPRESENTATIONS AND WARRANTIES. To induce the Bank to enter
into this Amendment, the Borrower represents and warrants as follows (which
representations and warranties shall survive the execution and delivery hereof):

             4.1 Authority and Compliance. The Borrower has full power and
         authority to execute, deliver, and perform all of the Loan Documents,
         including this Amendment, the Security Agreement and the Intercreditor
         Agreement, to which it is a party and to incur and perform the
         obligations provided for therein. No consent or approval of any public
         authority or third party is required as a condition to the validity or
         performance of any of the Loan Documents.

             4.2 Binding Agreements. This Amendment and all of the Loan
         Documents executed by the Borrower constitute valid and legally binding
         obligations of the Borrower, enforceable in accordance with their
         terms.

             4.3 No Conflicting Agreements. There is no charter, bylaw, stock
         provision, partnership agreement, or other document pertaining to the
         power or authority of the Borrower and no provision of any existing
         agreement, mortgage, indenture, or contract binding upon the Borrower
         or affecting any of the property of the Borrower which would conflict
         with or in any way prevent in any material respect the execution,
         delivery, or carrying out of the terms of this Amendment and the other
         Loan Documents.

             4.4 Previous Representations. All of the representations by
         Borrower in the Agreement are true and correct as of the date hereof as
         if set forth herein.

         5.0 LIMITATION ON AGREEMENTS. The modifications set forth herein are
limited precisely as written and shall not be deemed (a) to be a consent under
or a waiver of or an amendment to any other term or condition of the Agreement
or any of the Loan Documents, or (b) to prejudice any right or rights which the
Bank now has or may in the future have under or in connection with the Agreement
and the Loan Documents, each as amended hereby.

         6.0 INCORPORATION OF CERTAIN PROVISIONS BY REFERENCE. The provisions of
Section 10.B and Section 11 of the Agreement are incorporated herein by
reference for all purposes.

         7.0 ENTIRETY, ETC. This instrument and all of the other Loan Documents
embody the entire agreement between the parties. THIS AGREEMENT AND ALL OF THE
OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY
NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR

                                       3
<PAGE>   4

SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL
AGREEMENTS BETWEEN THE PARTIES.

         IN WITNESS WHEREOF, the parties have executed this Amendment C to
Eighth Amended and Restated Loan Agreement to be effective as of the Effective
Date.

                         BANK OF AMERICA, N.A.

                         By: /s/ J. Shelby Farris
                            ----------------------------------------------------
                             J. Shelby Farris, Vice President

                         PEERLESS MFG. CO.

                         By:/s/ Sherrill Stone
                            ----------------------------------------------------
                            Sherrill Stone, Chairman and Chief Executive Officer

                                       4<PAGE>   1

                                                                   EXHIBIT 10(l)

                       SECOND NOTE MODIFICATION AGREEMENT

         SECOND NOTE MODIFICATION AGREEMENT made as of December 12, 2000 (the
"Agreement"), between PEERLESS MFG. CO., a Texas corporation referred to herein
as the "Borrower" having its principal place of business at 2819 Walnut Hill
Lane, Dallas, Texas 75229, and BANK OF AMERICA, N.A., a national banking
association referred to herein as the "Lender" having its principal place of
business at 901 Main Street, 7th Floor, Dallas, Texas 75202-3714.

                                 R E C I T A L S

         A. The Lender has extended the Borrower a credit facility which is
presently evidenced by a promissory note in the original principal sum of
$5,500,000 made by the Borrower payable to the order of the Lender dated as of
February 25, 2000, as amended by a Note Modification Agreement between the
parties dated as of May 30, 2000 (collectively, the "Note").

         B. The Note and all of the obligations of the Borrower thereunder are
secured by, among other things, liens against real and personal property of the
Borrower.

         C. The Lender is the holder and beneficial owner of the Note and all of
the security for the Note.

         D. The parties have agreed to modify the Note as hereinafter provided.

         NOW THEREFORE, in consideration of the above recitals and the covenants
and agreements of the parties hereto and for other good and valuable
consideration, the receipt, sufficiency and adequacy of which are hereby
acknowledged, the parties hereto agree as follows:

         1. MODIFICATION OF NOTE AND EXTENSION OF MATURITY DATE. Section 3 of
the Note is hereby amended to read in its entirety as follows:

             "3. NOTE TERM AND PAYMENT SCHEDULE. Principal is due in full in a
         single payment on the Maturity Date. Total or partial prepayments may
         be made at any time. If Borrower is in default under this Note or any
         of the Loan Documents (as defined in the Loan Agreement), Bank may
         demand payment of the balance outstanding under this Note in full
         immediately.

         All payments will be applied first to any expense or charge due under
         this Note, the Loan Agreement or any of the Loan Documents, then to
         interest due and payable; and then to principal, or in such other order
         as Bank determines, at its sole option."

         2. AMENDMENT TO DEFINITIONS. Schedule I of the Note is hereby amended
by adding the following definition in proper alphabetical order on page two
thereof:

         "MATURITY DATE' means January 31, 2001."

         3. CONFIRMATION OF CONTINUED EFFECTIVENESS OF SECURITY. The Borrower
hereby confirms and agrees that all of the mortgages, deeds of trust, financing
statements, and security agreements which

                                       1
<PAGE>   2

presently secure the Note shall continue to secure, in the same manner and to
the same extent provided therein, the payment and performance of the Note as
modified by this Agreement.

         4. LIMITATION ON AGREEMENTS. The agreements set forth herein are
limited precisely as written and shall not be deemed (i) to be a waiver or
waivers of or a consent or consents to the modification of or deviation from any
other term or condition of the Note or of any of the other instruments or
agreements referred to therein, or (ii) to prejudice any right or rights which
the Lender may now have or may have in the future under or in connection with
the Note or any of the other instruments, agreements or other documents referred
to therein.

         5. INCORPORATION OF CERTAIN PROVISIONS BY REFERENCE. The provisions of
Section 11 of the Note captioned "Applicable Law, Venue and Jurisdiction" and of
Section 15 of the Note captioned "Arbitration" are incorporated herein by
reference for all purposes.

         6. NOTICE OF FINAL AGREEMENT. THIS WRITTEN AGREEMENT REPRESENTS THE
FINAL AGREEMENT BETWEEN THE BORROWER AND THE LENDER AND MAY NOT BE CONTRADICTED
BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS BETWEEN THE
BORROWER AND THE LENDER. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
BORROWER AND THE LENDER.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date and year first above written.

                        PEERLESS MFG. CO.

                        By  /s/ Sherrill Stone
                          ------------------------------------------------------
                           Sherrill Stone, Chairman and Chief Executive  Officer

                        BANK OF AMERICA, N.A.

                        By  /s/ J. Shelby Farris
                          ------------------------------------------------------
                             J. Shelby Farris, Vice President

                                       2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00020-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00020-of-00352.parquet"}]]