REPAY
LE
OVER
5
YEARS
FROM
MEAN
DELIVERY.
THE
FIXED
RATE
WILL
BE
71%
FOR
CONTRACTS
PLACED
BEFORE
31/12/80
AND
FINANCE
MAY
BE
IN
US DOLLARS
OR
STERLING
AT
KMB'S
OPTION.
2.
IT
WAS
OUR
INTENTION
ΤΟ
SEEK
то
SECURE
THE
LENDERS
POSITION
BY
A
FIXED
AND
FLOATING
CHARGE
ON
KMB'S
BUT
WE
ARE
PERSUADED
AT
THIS
JUNCTURE
SUCH
ASSETS
THAT
SECURITY
WOULD
NOT
BE
MADE
AVAILABLE.
NEVERTHELESS
IT
IS
INTENDED
THAT
THE
NEW
LOAN
AGREEMENT
WILL
REQUIRE
KMB
ΤΟ
PLEDGE
NOT
ΤΟ
CHARGE
ITS
ASSETS
OR
THOSE
OF
ANY
OF
ITS
SUBSIDIARIES
WITHOUT
THE
PRIOR
CONSENT
OF
THE
LENDER.
A
FURTHER
COMFORT
LETTER
WILL
ALSO
BE
REQUIRED
FOR
THE
ADDITIONAL
LOAN
NOW
AGREED.
3. BEFORE
FORMALLY
COMMITTING
REQUIRE
ΤΟ
REVISED
FINANCIAL
KNOW
PLAN
COVER
WHAT
IS
WE
THE
BOTH
AS
ΤΟ
CAPITAL
EXPENDITURE,
TARIFF
INCREASES
ET
AL.
PLEASE
ASK
DEREK
JONES
WHEN
THIS
INFORMATION
CAN
BE
MADE
AVAILABLE.
4.
IT
WOULD
BE
HELPFUL
ΤΟ
KNOW
ARE
WHAT
PLANNED
FURTHER
FOR
BUS
1981/82
PURCHASES
IF
THE
ORIGINAL
ESTIMATE
OF
400
EACH
YEAR
IS
THE
IS
1981
EXAGGERATED.
WHEN
REQUIREMENT
LIKELY
то
BE
CRYSTALLISED'.
AND
ORDERS
DLACED?
SHOULD
BE
MADE
CLEAR
то
DEREK
JONES
AND
/KMB