(Corrects headline to clarify that the company was providing an update on forbearance agreement, not credit agreement)
Oct 7 (Reuters) - Zanett Inc:
* Says entered into a second amended forbearance agreement with Bank of America - SEC filing
* Says lender to forbear from exercising rights under loan agreement until an event of default or October 31, 2010
* Says maximum revolving loan limit is reduced to $5 million. Keywords: ZANETT/ (Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Oct 7 (Reuters) - Zanett Inc:
* Says entered into a second amended forbearance agreement with Bank of America - SEC filing
* Says lender to forbear from exercising rights under loan agreement until an event of default or October 31, 2010
* Says maximum revolving loan limit is reduced to $5 million. Keywords: ZANETT/ (Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.