Document:

<PAGE>

                                                                   EXHIBIT 10.15

                                          DATE:  November 21, 2000

TO:               Mr. Keith Hull

FROM:             Sharon L. Rodgers

         I am pleased to inform you that you have been approved to participate
in the management incentive plan for fiscal 2001. You will participate in the
plan based on an individual percentage award of 65%.

         For fiscal 2001, 100% of your actual incentive award will be based on
achievement of Financial Goals, as set forth below:

                                 Financial Goals

         The Financial Goals for your fiscal 2001 award are as follows:

<TABLE>
<CAPTION>
                                                       Corporate
                                                       Operating Earnings
                        Performance                    (Thousands of Dollars)
                          Level                               (EBITDAL)
                    -----------------                 --------------------------
                    <S>                               <C>

                           25%                                 $100,000
                           50%                                  105,000
                           75%                                  110,000
                          100%                                  115,000
</TABLE>

         100% of your actual incentive award will be based on achievement of
Financial Goals. Your actual incentive award will be determined by multiplying
your total base salary paid in fiscal 2001 times your individual percentage
award times the Performance Level achieved as set forth above and will be
calculated by the Company. Any such award will be prorated when the Performance
Level achieved falls between the 25% and 100% levels. No incentive award will be
paid if the Performance Level is below 25%, and no additional incentive award
will be paid for any financial results which exceed the 100% Performance Level.

<PAGE>

         The general guidelines of the plan for fiscal 2001 are as follows:

         13.      Operating earnings (EBITDAL) will be defined as reported in
                  the Company's financial statements (Red Stripe).

         14.      Your actual incentive award will be paid on an annual basis,
                  with payment to be made as soon as practical after the fiscal
                  year audit is completed.

         15.      No incentive award will be paid if you are not in the employ
                  of the Company on the last day of the fiscal year (effective
                  date of severance must be after fiscal year end).

         16.      In the event you are reassigned or given a new position and
                  responsibilities during the fiscal year (promotion or
                  demotion), payment of the incentive award will be determined
                  on a case-by-case basis. The Company reserves the right to
                  deny payment or to reduce the incentive award in the case of
                  demotions.

         Please indicate your understanding of the plan, the performance goals
and your potential incentive award by signing and returning this letter to me. A
copy is provided for your personal files.

                                                    ----------------------------

SLR/kjw

Acknowledged: -----------------------------------

Date:         -----------------------------------<PAGE>

                                                                   EXHIBIT 10.16

                                            DATE:  November 21, 2000

TO:               Mr. Craig Crockard

FROM:             Sharon L. Rodgers

         I am pleased to inform you that you have been approved to participate
in the management incentive plan for fiscal 2001. You will participate in the
plan based on an individual percentage award of 40%.

         For fiscal 2001, 100% of your actual incentive award will be based on
achievement of Financial Goals, as set forth below:

                                 Financial Goals

         The Financial Goals for your fiscal 2001 award are as follows:

<TABLE>
<CAPTION>
                                                        Corporate
                                                        Operating Earnings
                     Performance                        (Thousands of Dollars)
                        Level                                   (EBITDAL)
                  -----------------                  --------------------------
                  <S>                                <C>
                         25%                                    $100,000
                         50%                                     105,000
                         75%                                     110,000
                        100%                                     115,000
</TABLE>

         100% of your actual incentive award will be based on achievement of
Financial Goals. Your actual incentive award will be determined by multiplying
your total base salary paid in fiscal 2001 times your individual percentage
award times the Performance Level achieved as set forth above and will be
calculated by the Company. Any such award will be prorated when the Performance
Level achieved falls between the 25% and 100% levels. No incentive award will be
paid if the Performance Level is below 25%, and no additional incentive award
will be paid for any financial results which exceed the 100% Performance Level.

<PAGE>

         The general guidelines of the plan for fiscal 2001 are as follows:

         17.      Operating earnings (EBITDAL) will be defined as reported in
                  the Company's financial statements (Red Stripe).

         18.      Your actual incentive award will be paid on an annual basis,
                  with payment to be made as soon as practical after the fiscal
                  year audit is completed.

         19.      No incentive award will be paid if you are not in the employ
                  of the Company on the last day of the fiscal year (effective
                  date of severance must be after fiscal year end).

         20.      In the event you are reassigned or given a new position and
                  responsibilities during the fiscal year (promotion or
                  demotion), payment of the incentive award will be determined
                  on a case-by-case basis. The Company reserves the right to
                  deny payment or to reduce the incentive award in the case of
                  demotions.

         Please indicate your understanding of the plan, the performance goals
and your potential incentive award by signing and returning this letter to me. A
copy is provided for your personal files.

                                                    ----------------------------

SLR/kjw

Acknowledged: -----------------------------------

Date:         -----------------------------------<PAGE>

                                                                   EXHIBIT 10.23

                                                                  EXECUTION COPY

                             OMNIBUS AMENDMENT NO. 1

                     AMENDMENT NO. 1 TO AMENDED AND RESTATED
           SERIES 1996-1 SUPPLEMENT TO POOLING AND SERVICING AGREEMENT

                                       AND

                     AMENDMENT NO. 1 TO AMENDED AND RESTATED
                         CERTIFICATE PURCHASE AGREEMENT
                                 (SERIES 1996-1)

                                       AND

                     AMENDMENT NO. 1 TO AMENDED AND RESTATED
                         CERTIFICATE PURCHASE AGREEMENT
                                    [FALCON]

                                       AND

                   AMENDMENT NO. 1 TO THE TRANSFER SUPPLEMENTS

         This OMNIBUS AMENDMENT NO. 1 dated as of April 25, 2001 (the
"Amendment"), among Avondale Receivables Company, a Delaware corporation
("ARC"), Avondale Mills, Inc., an Alabama corporation ("Avondale"),
Manufacturers and Traders Trust Company, a New York banking corporation, as
trustee ("Trustee"), Bank One, N.A. (f/k/a The First National Bank of Chicago)
("Bank One"), FALCON Asset Securitization Corporation, a Delaware corporation
("FALCON"), Wachovia Bank, N.A. ("Wachovia") and The Chase Manhattan Bank
("Chase") to: (a) the Amended and Restated Series 1996-1 Supplement to Pooling
and Servicing Agreement dated as of November 21, 1997 (the "Supplement"), among
ARC, as Transferor, Avondale, as Servicer, and the Trustee; (b) the Amended and
Restated Certificate Purchase Agreement dated as of November 21, 1997 (the
"CPA"), among ARC, Avondale, Bank One, as Agent for the purchasers, FALCON, as
Purchaser, and the other Purchasers from time to time party thereto; (c) the
Amended and Restated Certificate Purchase Agreement [FALCON] dated as of
November 21, 1997 (the "Liquidity CPA"), among FALCON, each of the other Funding
Institutions from time to time set forth therein (including Wachovia and Chase)
and Bank One, individually and as Funding Agent; (d) the Transfer Supplement
dated as of November 21, 1997 (the "Wachovia Supplement"), between Bank One, as
seller and Wachovia, as assignee; and (e) the Transfer Supplement dated as

                                      B-1
<PAGE>

of May 1, 1998 (the "Chase Supplement," and together with the Supplement, the
CPA, the Liquidity CPA and the Wachovia Supplement, the "Agreements"), between
Bank One, as seller and Chase, as assignee.

                                   BACKGROUND

         1.       FALCON, Bank One and the other parties referred to above have
entered into the Agreements in connection with Bank One (through FALCON's
commercial paper program or otherwise) providing indirect financing for Avondale
using certain trade receivables generated and sold by Avondale to ARC as
collateral for the financing.

         2.       The parties hereto wish to amend the Agreements in order to,
among other things, decrease the maximum size of the facility provided by FALCON
from $120,000,000 to $100,000,000.

         3.       The parties hereto are willing to agree to such amendments,
all as set out in this Amendment.

                                   AMENDMENTS

         The parties hereto agree as follows:

         SECTION 1.   Definitions.  As used herein, capitalized terms which are
defined in the preamble hereto shall have the meanings as so defined, and
capitalized terms not so defined shall have the meanings set forth in (or by
reference in) the Agreements.

         SECTION 2.   Amendments to Supplement.   (a) Section 1.1(c) of the
Supplement is hereby amended by adding the following defined term immediately
after the definition of "Corporate Base Rate" therein:

                  "Credit Agreement" means the Second Amended and Restated
         Credit Agreement dated as of September 28, 2000, among Avondale, the
         Banks listed therein and Wachovia, as agent, as such agreement is
         amended, modified, restated and/or supplemented from time to time.

                  (b)      The second sentence of Section 2.1 of the Supplement
         is hereby amended by replacing the text "$120,000,000" where it appears
         therein with the text "$100,000,000".

                  (c)      Section 6.1 of the Supplement is hereby amended by
         deleting the period following clause (o) thereof, substituting "; or"
         therefore and adding the following new subsection (p) thereto:

                           (p)      (i) the occurrence of any "Event of Default"
                  (as defined in the Credit Agreement) under the Credit
                  Agreement, or (ii) if such Credit

                                      B-2
<PAGE>

                  Agreement is terminated or is otherwise no longer in effect,
                  the occurrence of any event of default or similar event or
                  condition which results in the acceleration of the maturity of
                  any Indebtedness of Avondale outstanding at such time or
                  enables (or, with the giving of notice or lapse of time or
                  both, would enable) the holders of such Indebtedness or any
                  Person acting on such holders' behalf to accelerate the
                  maturity thereof, if in any of the foregoing events in clause
                  (ii), the amount of Indebtedness involved is in excess of
                  $2,000,000.

         SECTION 3.   Amendment to CPA.   Schedule I to the CPA is hereby
amended and restated in its entirety to read as follows:

                                                                      SCHEDULE I
                                                         to Certificate Purchase
                                                         Agreement Series 1996-1

                 AMOUNT OF EACH INITIAL PURCHASER'S CERTIFICATE

<TABLE>
<CAPTION>
                                                                 Stated Amount of Certificate
                                                                 ----------------------------
         Purchaser
         ---------
<S>                                                              <C>
         FALCON Asset Securitization Corporation                 $100,000,000.00

                                                                 Percentage
                                                                 ----------
         FALCON Asset Securitization Corporation                  100%
</TABLE>

         SECTION 4.   Amendment to Liquidity CPA.   Annex 1 to the Liquidity CPA
is hereby amended in its entirety to read as follows:

                                     ANNEX 1

                                   COMMITMENTS

              Bank One, N.A.                        $100,000,000

         SECTION 5.   Amendment to Wachovia Supplement.   Schedule I to the
Wachovia Supplement is hereby amended and restated in its entirety to read as
set forth on Exhibit A hereto.

                                      B-3
<PAGE>

         SECTION 6.   Amendment to Chase Supplement.   Schedule I to the Chase
Supplement is hereby amended and restated in its entirety to read as set forth
on Exhibit B hereto.

         SECTION 7.   Omnibus Amendment.   Each of the parties hereto agrees
that each reference to "The First National Bank of Chicago" in any Agreement is
hereby amended to be a reference to "Bank One, N.A." and that Bank One, N.A. is
a permitted successor to all of the rights and obligations of The First National
Bank of Chicago under the Transaction Documents.

         SECTION 8.   Representations and Warranties.

         (a)      Each of Avondale and ARC represents and warrants to each party
hereto that:

                  (i)      The execution and delivery by it of this Amendment,
         and the performance of its obligations under the Agreements as modified
         by this Amendment, are within its corporate powers, have been duly
         authorized by all necessary corporate action, have received all
         necessary governmental approvals other than Assignment of Claims Act
         filings (if any shall be required), and other consents or approvals and
         do not and will not contravene or conflict with, or create any Adverse
         Claim under, (A) any provision of law, (B) its constituent documents,
         (C) any court or administrative decree applicable to it or (D) any
         contractual restriction binding upon it or its property which conflict
         or adverse claim would have a substantial likelihood of having Material
         Adverse Affect.

                  (ii)     This Amendment has been duly executed and delivered
         by it, and the Agreements, as amended, are its legal, valid and binding
         obligations, enforceable against it in accordance with its terms except
         as enforceability may be limited by bankruptcy, insolvency,
         reorganization or other laws affecting the enforcement of creditors'
         rights generally and by general principles of equity.

                  (iii)    The warranties made by it in the Transaction
         Documents are true and correct as of the date hereof as though made on
         that date, except to the extent that the warranties specifically relate
         to an earlier date.

                  (iv)     After giving effect to this Amendment, no Early
         Amortization Event or Unmatured Early Amortization Event shall have
         occurred and be continuing.

                  (v)      At the time of, and immediately following, the
         effectiveness of this Amendment, the aggregate Stated Amount shall not
         be less than the Invested Amount.

         (b)      The Trustee represents and warrants to each party hereto that:

                                      B-4
<PAGE>

                  (i)      it is a banking corporation organized, existing and
         in good standing under the laws of the State of New York,

                  (ii)     it has full power, authority and right to execute,
         deliver and perform this Amendment, and has taken all necessary action
         to authorize the execution, delivery and performance by it of this
         Amendment, and

                  (iii)    this Amendment has been duly executed and delivered
         by the Trustee, and is a legal, valid and binding obligation of the
         Trustee, enforceable in accordance with its terms, except as such
         enforceability may be limited by bankruptcy, insolvency, reorganization
         or other similar laws affecting the enforcement of creditors' rights
         generally and by general principles of equity, regardless of whether
         such enforceability is considered in a proceeding in equity or at law.

         SECTION 9.   Conditions Precedent.   This Amendment shall not be
effective until the requirements of Section 13.1 of the Pooling Agreement and
Section 10.1 of the CPA have been satisfied (including, without limitation,
satisfaction of the Modification Condition) and a replacement Certificate
reflecting such stated amount has been issued pursuant to the CPA; provided,
however that the parties hereto agree that the provisions of Sections 13.1(h)
and 13.1(i) of the Pooling Agreement need not be satisfied in connection with
this Amendment.

         SECTION 10.   Consents; Acknowledgment.   To the extent that any
consent of any party hereto (in any capacity) is required under any Agreement or
any other Transaction Document to any of the foregoing amendments to an
Agreement to which it is not a party, such party hereby grants such consent. The
parties hereby agree that each reference in any Transaction Document to the
"Stated Amount" of a Certificate means the Stated Amount of the Certificate
after giving effect to any reductions made pursuant to this Amendment.

         SECTION 11.   Binding Effect; Ratification.

         (a)      This Amendment shall become effective, as of the date first
set forth above, when counterparts hereof shall have been executed and delivered
by the parties hereto and the requirements of Section 8 hereof have been
satisfied, and thereafter shall be binding on the parties hereto and their
respective successors and assigns.

         (b)      On and after the execution and delivery hereof, this Amendment
shall be a part of each Agreement amended hereby and each reference in each such
Agreement to "this Agreement" or "hereof", "hereunder" or words of like import,
and each reference in any other Transaction Document or contained in any notice,
request, or other document to such Agreement shall mean and be a reference to
such Agreement as amended hereby.

                                      B-5
<PAGE>

         (c)      Except as expressly amended hereby, the Agreements shall
remain in full force and effect and are hereby ratified and confirmed by the
parties hereto.

         SECTION 12.   Miscellaneous.

         (a)      THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO
PRINCIPLES OF CONFLICTS OF LAW.

         (b)      Headings used herein are for convenience of reference only and
shall not affect the meaning of this Amendment or any provision hereof.

         (c)      This Amendment may be executed in any number of counterparts,
and by the parties hereto on separate counterparts, each of which when executed
and delivered shall be deemed to be an original and all of which taken together
shall constitute one and the same agreement. Executed counterparts may be
delivered electronically.

                            [Signature pages follow]

         IN WITNESS WHEREOF, the parties have executed this Amendment by their
respective officers thereunto duly authorized as of the date first above
written.

                                       AVONDALE RECEIVABLES COMPANY

                                       By:
                                          Name:
                                          Title:

                                       AVONDALE MILLS, INC.

                                       By:
                                          Name:
                                          Title:

                                       BANK ONE, N.A.

                                       By:
                                          Name:
                                          Title:

                                       FALCON ASSET SECURITIZATION CORPORATION

                                       By:
                                          Name:
                                          Title:

                                      B-6
<PAGE>

                                       WACHOVIA BANK, N.A.

                                       By:
                                          Name:
                                          Title:

                                       THE CHASE MANHATTAN BANK

                                       By:
                                          Name:
                                          Title:

                                       THE TRUSTEE JOINS IN THIS AMENDMENT FOR
                                       PURPOSES OF EVIDENCING ITS CONSENT
                                       THERETO.

                                       MANUFACTURERS AND TRADERS TRUST COMPANY,
                                       AS TRUSTEE

                                       By:
                                          Name:
                                          Title:

                                                                       EXHIBIT A

                        SCHEDULE I TO TRANSFER SUPPLEMENT

                       LIST OF LENDING OFFICES, ADDRESSES
                       FOR NOTICES AND COMMITMENT AMOUNTS

Date:  November 21, 1997, as amended and restated April [____,] 2001

Transferred Percentage:      33.33%

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                                       Commitment               Commitment               Outstanding
    Seller                              Existing                  Revised                Certificate              Pro Rata Share
                                                                                         Balance
---------------------------------------------------------------------------------------------------------------------------------
<S>                                   <C>                       <C>                     <C>                       <C>
Bank One, N.A.                        $100,000,000              $66,670,000             $100,000,000                  66.67%
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                      B-7
<PAGE>

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                                            Outstanding
                                       Commitment                           Certificate
     Assignee                            Initial                               Balance                          Pro Rata Share
-------------------------------------------------------------------------------------------------------------------------------
<S>                                    <C>                                  <C>                                 <C>
Wachovia Bank, N.A.                    $33,330,000                          $100,000,000                            33.33%
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Address for Notices:

Wachovia Bank, N.A., Assignee
c/o Wachovia Corporate Services, Inc.
Capital Markets Division
191 Peachtree Street, NE
Atlanta, Georgia 30303

Attention: Frances Josephic
Telephone: (404) 332-4132
Facsimile: (404) 332-5152
                                                                       EXHIBIT B

                        SCHEDULE I TO TRANSFER SUPPLEMENT

                       LIST OF LENDING OFFICES, ADDRESSES
                       FOR NOTICES AND COMMITMENT AMOUNTS

Date:  May 1, 1998, as amended and restated April [____], 2001

Transferred Percentage:  16.67% of the Outstanding Certificate Balance

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                                       Commitment               Commitment               Outstanding               Pro Rata
    Seller                              Existing                  Revised                Certificate                 Share*
---------------------------------------------------------------------------------------------------------------------------------
<S>                                   <C>                       <C>                     <C>                        <C>
</TABLE>

---------------

*        33.33% of the Outstanding Certificate Balance is held by an additional
         Assignee pursuant to a Transfer Supplement dated as of November 21,
         1997.

                                      B-8
<PAGE>

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                                                                                          Balance
---------------------------------------------------------------------------------------------------------------------------------
<S>                                   <C>                       <C>                     <C>                           <C>
Bank One, N.A.                        $66,670,000               $50,000,000             $100,000,000                  50.00%
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                                            Outstanding
                                       Commitment                           Certificate
     Assignee                            Initial                               Balance                          Pro Rata Share
-------------------------------------------------------------------------------------------------------------------------------
<S>                                    <C>                                  <C>                                 <C>
The Chase Manhattan Bank               $16,670,000                          $100,000,000                             16.67%
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Address for Notices:

The Chase Manhattan Bank, Assignee
111 West 40th Street, 10th Floor
New York, New York 10018

Attention: James A. Knight
Telephone: (212) 403-5102
Facsimile: (212) 403-5112

--------------------------------------------------------------------------------

                                      B-9

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