from 10-Q
1 page
<page> 1 the Provident Bank Commercial Banking One East Fourth Street Cincinnati, Ohio 45202 513/579-2736 Telecopy: 513/579-2201 Paul L. Knuckles Vice President March 18, 1996 Mr. Ronald Clark Controller Health Images, Inc. 8601 Dunwoody Place Atlanta, Ga 30350 Re: Loan Covenant Violation 12/31/95 Loan and Security Agreement Dated March 27, 1995 Dear Ron: As Agent, This Letter Will Serve as Our Written Consent to Waive the Following Two Loan Covenants for the 12-31-95 Reporting Period. Section 6.3 Limitation on Capital Expenditures, Is Hereby Waived to Allow Capital Expenditures of $11,700,000 in Lieu of $11,500,000 for the Fye Reporting Period of 12-31-95. Future Annual Reporting Periods Will Revert Back to Maximum Capital Expenditures of $11,500,000. Section 6.8 Consolidated Liabilities/Consolidated Tangible Net Worth, Is Hereby Waived to Allow a Maximum Ratio of 2.41 in Lieu of 2.25 for the Reporting Period of 12-31-95. Future Reporting Periods Will Revert Back to a Maximum Ratio Not Greater Than 2.25 to 1. Sincerely, /S/ Paul L. Knuckles Paul L. Knuckles Vice President Plk:kab CC: Mark Crosswell Southtrust Bank of Georgia
