EXHIBIT 10.19
WAIVER AND AMENDMENT NO. 2
TO
THIRD AMENDED AND RESTATED
LONG TERM REVOLVING CREDIT AGREEMENT
AND
SHORT TERM REVOLVING CREDIT AGREEMENT
This WAIVER AND AMENDMENT NO. 2, dated as of May 15, 2000 (the
"Amendment"), to each of (i) the SHORT TERM REVOLVING CREDIT AGREEMENT, dated as
of June 4, 1999 (as the same may be amended, restated, supplemented or otherwise
modified from time to time, the "Short Term Credit Agreement"), by and among
Ag-Chem Equipment Co., Inc. (the "Borrower"), the institutions from time to time
party thereto as lenders (as the same may be amended, restated, supplemented or
otherwise modified from time to time, the "Short Term Lenders"), and Bank One,
NA, as Agent (the "Agent") and (ii) the THIRD AMENDED AND RESTATED LONG TERM
REVOLVING CREDIT AGREEMENT, dated as of June 4, 1999 (the "Long Term Credit
Agreement", and together with the Short Term Credit Agreement, the "Credit
Agreements"), by and among the Borrower, certain subsidiaries of the Borrower
(the "Multicurrency Subsidiary Borrowers"), the Short Term Lenders and Bank One
Canada, formerly known as First Chicago NBD Bank, Canada, as the lenders
thereunder (the "Long Term Lenders"), and the Agent, is entered into by each of
the parties to the Credit Agreements. Capitalized terms used herein and not
otherwise defined herein shall have the meaning given to them in the Credit
Agreements.
WITNESSETH
WHEREAS, the Borrower, the Short Term Lenders and the Agent are
parties to the Short Term Credit Agreement and, together with the Multicurrency
Subsidiary Borrowers and Bank One Canada, are parties to the Long Term Credit
Agreement;
WHEREAS, the Borrower and the Multicurrency Subsidiary Borrowers
have requested that the Short Term Lenders and the Long Term Lenders (together,
the "Lenders") and the Agent provide a limited waiver under each of the Credit
Agreements with respect to the financial covenant set forth in Section 5.2(c) of
each of the Credit Agreements;
WHEREAS, each of the Borrower and each of the Multicurrency
Subsidiary Borrowers also wishes to amend the Credit Agreements to which it is a
party in certain respects;
WHEREAS, the Lenders and the Agent are willing to provide such
limited waivers and amend the Credit Agreements on the terms and conditions set
forth herein;
NOW, THEREFORE, in consideration of the premises set forth above,
the terms and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
Borrower, the Multicurrency Subsidiary Borrowers, the Agent and the Lenders
hereby agree as follows:
1. Limited Waiver. Effective as of the date hereof, as expressly limited
hereby and subject to the satisfaction of the conditions precedent set forth in
Section 3 below, the Lenders and the Agent hereby agree to waive the
requirements, as existed immediately prior to the effectiveness of this
Amendment, of Section 5.2(c) of each of the Credit Agreements with respect to
the fiscal quarter ended March 31, 2000.
2. Amendment. Effective as of the date first above written and subject to
the satisfaction of the conditions precedent set forth in Section 3 below, the
Credit Agreements shall be and hereby are amended as follows:
(a) The definition of "Interest Coverage Ratio" set forth in Section
1.01 of each Credit Agreement is hereby amended to delete therefrom clause (a)
thereof and to substitute the following therefor: "(a) EBITDA of the Company and
its consolidated Subsidiaries."
(b) The definition of "Termination Date" set forth in Section 1.01
of the Short Term Credit Agreement is hereby amended to delete therefrom the
date "June 2, 2000" and to substitute therefor the date "June 1, 2001".
(c) A new defined term, "Working Capital Coverage Ratio", shall be
added to Section 1.01 of each Credit Agreement in alphabetical order immediately
following the definition of "Type of Advance":
"Working Capital Coverage Ratio" means the ratio of (a)
the sum of the face amount of the accounts receivable of
the Company and its consolidated Subsidiaries MINUS the
amount of accounts receivable classified as doubtful
determined in accordance with GAAP PLUS the value of the
inventory of the Company and its consolidated Subsidiaries
valued at the lower of cost or market on a last-in
first-out basis determined in accordance with GAAP to (b)
the sum of the principal amount of the Obligations of the
Company to the Lenders under the Loan Documents PLUS the
outstanding principal indebtedness of the Company under
that certain Note Agreement dated as of April 6, 1994 with
respect to the Company's 6.83% Series A Senior Notes due
April 6, 2001 PLUS the outstanding principal indebtedness
of the Company pursuant to that certain Note Agreement
dated as of October 10, 1995 with respect to the Company's
7.25% Series A Senior Notes due April 6, 2005.
2
(d) Article II of the Short Term Credit Agreement is hereby amended
to insert therein at the end thereof the following Section 2.12:
"2.12 Termination Date Extension. The Company may request an extension of
the Termination Date in effect at any time by submitting a written request for
an extension to the Agent (an "Extension Request") not more than 59 and not less
than 30 days prior to the then effective Termination Date. The request must
specify the new Termination Date and the date (which must be at least 30 days
after the Extension Request is delivered to the Agent but not later than the
then-existing Termination Date) as of which the new Termination Date shall be
effective (the "Extension Date"). The new Termination Date shall be 360 days
after the Extension Date, including the Extension Date as one of the days in the
calculation of the days elapsed. Promptly upon receipt of an Extension Request,
the Agent shall notify each Lender of the contents thereof and shall request
each Bank to approve the Extension Request. Each Lender approving the Extension
Request shall deliver its written consent no later than the Extension Date. Any
consent delivered by a Lender to the Agent may be revoked up to and including
the fourth day prior to the Extension Date, but shall be irrevocable thereafter.
If the consent of each of the Required Lenders is received by the Agent and
remains in effect on the Extension Date, the new Termination Date shall become
effective on the Extension Date, but only with respect to each Lender which has
consented to the Extension Request and the Agent shall promptly notify the
Borrower and each Lender of the new Termination Date. Failure of a Lender to
respond to an Extension Request after such Lender's receipt of the Extension
Request from the Agent shall be deemed a denial of such request. If any Lender
does not consent to an Extension Request which is approved by the Required
Lenders, then on the Termination Date in effect on the date of the Extension
Request but without giving effect to approval of the Extension Request, (a) the
Company shall pay to such Lender all amounts then payable to such Bank under
this Agreement and (b) such Lender's Commitment shall terminate."
(e) Section 5.2(b) of each Credit Agreement is hereby amended in its
entirety to read as follows:
"Total Liabilities to Tangible Net Worth." Permit or
suffer the ratio of Total Liabilities to Tangible Net
Worth to exceed: (1) 2.75 to 1.0 at the end of the fiscal
quarter ending March 31, 2000 or (ii) 2.50 to 1.0 at the
end of each fiscal quarter ending on or after June 30,
2000 and on or prior to ▇▇▇▇▇ ▇▇, ▇▇▇▇ ▇▇ (▇▇▇) 2.0 to 1.0
at the end of each fiscal quarter ending on or after June
30, 2001.
(f) Section 5.2(c) of each Credit Agreement is hereby amended in its
entirety to read as follows:
"Interest Coverage Ratio." Permit or suffer the Interest
Coverage Ratio to be less than (i) 2.0 to 1.0 for the
fiscal period ending March 31, 2000 or (ii) 1.50 to 1.0
for the fiscal periods ending June 30, 2000, September 30,
2000 and December 31, 2000 or (iii) 2.0 to 1.0 for the
fiscal period ending March 31, 2001 or (iv) 2.25 to 1.0
for the fiscal period ending June 30, 2001 or (v) 2.5 to
1.0 for the fiscal periods ending September 30, 2001,
December 31, 2001,
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March 31, 2002 and June 30, 2002 or (vi) 3.25 to 1.0 for
the fiscal periods ending September 30, 2002, December 31,
2002, March 31, 2003 and June 30, 2003 or (vii) 3.5 to 1.0
for each fiscal period ending as of the end of each fiscal
quarter ending on or after September 30, 2003.
(g) Section 5.2(d) of each Credit Agreement is hereby amended:
(I) to delete from clause (ii) therein the phrase "on an unsecured
basis and then at prevailing market terms" and to substitute therefor the phrase
"and which, if secured, is secured on terms substantially similar to those
evidenced by the Collateral Sharing Agreement dated as of May 15, 2000 to which
the Company is a party, and documents related thereto, and which memorializes
then prevailing market terms" and
(II) is hereby amended to delete clause (iii) therefrom and to
substitute the following therefor:
"(iii) Indebtedness secured by Permitted Liens; provided, however,
that the proceeds of Indebtedness incurred in connection with the grant of
the Permitted Liens described in Section 5.2(e)(viii) shall be applied
toward the satisfaction of amounts owing under the Short Term Revolving
Credit Agreement, dated as of June 4, 1999, as amended from time to time,
among Ag-Chem Equipment Co., Inc., certain financial institutions and Bank
One, NA, as Agent, and the Third Amended and Restated Long Term Revolving
Credit Agreement, dated as of June 4, 1999, as amended from time to time,
among Ag-Chem Equipment Co., Inc., certain of its affiliates, certain
financial institutions and Bank One, NA, as Agent."
(h) Section 5.2(e) of each Credit Agreement is hereby amended to
insert therein the following clauses (viii) and (ix):
"(viii) Liens on Ag-Chem Equipment Co., Inc.'s real property located
in Minnetonka, Minnesota, including, without limitation, fixtures located
on such property, provided that no such Lien shall be granted subsequent
to the occurrence and continuance of an Event of Default without the
consent of the Agent, and
(ix) any Lien granted by a Loan Party in favor of the Agent securing
the "Obligations" as defined in the Collateral Sharing Agreement, dated as
of the date hereof, among the Agent, the Lenders, the holders of notes
issued pursuant to the Note Agreement, dated as of April 6, 1994, to which
Ag-Chem Equipment Co., Inc. is a party and the holders of notes issued
pursuant to the Note Agreement, dated as of October 10, 1995, to which
Ag-Chem Equipment Co., Inc. is a party (as acknowledged by Ag-Chem
Equipment Co., Inc. and certain of its affiliates, and as the same may be
amended, restated, supplemented, or otherwise modified from time to time,
the "Collateral Sharing Agreement")."
(i) Section 5.2(g) of each Credit Agreement is hereby amended to
insert after clause (vi) therein the following clause (vii):
4
"(vii) accounts receivable and/or instruments owed to or in favor of
a Loan Party that are sold, transferred, and/or assigned in an arms-length
transaction for a fair market price by such Loan Party; provided, that no
such sale, transfer or assignment shall occur without the Agent's consent
after the occurrence of an Event of Default; provided, further, that 100%
of the proceeds resulting from such sale, transfer or assignment shall be
applied toward the satisfaction of the Obligations under the Loan
Documents."
(j) Section 5.2(l) of each Credit Agreement is hereby amended in its
entirety as follows:
"(l) Dividends. Declare or pay dividends or make other stockholder
distributions or redemptions, or commit to make any distribution of cash
or property to its shareholders at any time after the Effective Date,
other than (x) dividends or distributions made by a Loan Party to the
Company or made by a Loan Party to another Loan Party, so long as the Loan
Party receiving such dividend or distribution has guaranteed the
Obligations and has secured its obligations under its guaranty and (y) so
long as no Default or Event of Default has occurred and is continuing and
no Default or Event of Default would occur upon payment of such amounts,
(i) the Company may pay cash dividends or dividends paid solely in shares
of the Company and (ii) the Company may repurchase or redeem shares of its
capital stock for an amount not to exceed $3,000,000 per fiscal year."
(k) Section 5.2 of each Credit Agreement is hereby amended by adding
a new Section 5.2(n) to read as follows:
"Working Capital Coverage Ratio." Permit or suffer the
Working Capital Coverage Ratio to be less than 1.30 to 1.0
as of the end of any fiscal quarter.
(l) The signature pages to the Short Term Credit Agreement are
hereby deleted therefrom and the signature pages attached hereto as Schedule I
are hereby substituted therefor.
(m) The signature pages to the Long Term Credit Agreement are hereby
deleted therefrom and the signature pages attached hereto as Schedule II are
hereby substituted therefor.
3. Conditions of Effectiveness. This Amendment shall become effective and
be deemed effective as of the date hereof, if, and only if the Agent shall have
received:
(i) six (6) duly executed originals of this Amendment from the Borrower,
the Multicurrency Subsidiary Borrowers and the Required Lenders,
(ii) guaranty reaffirmations, in form and substance acceptable to the
Agent, for each guaranty of the Obligations entered into by Ag-Chem Sales Co.,
Inc., Lor*Al Products, Inc., Ag-Chem Manufacturing Co., Inc., and Ag-Chem
Equipment Canada, Ltd.,
5
(iii) Security Agreements, in form and substance acceptable to the Agent,
entered into by Ag-Chem Sales Co., Inc., Lor*Al Products, Inc., Ag-Chem
Manufacturing Co., Inc., and Ag-Chem Equipment Canada, Ltd., pursuant to which
such entities secured their obligations under their respective guarantees,
(iv) UCC-1 financing statements delivered in connection with the Security
Agreements referenced in clause (iii);
(v) a fully executed copy of the Collateral Sharing Agreement, dated as of
the date hereof, entered into by, among others, the Borrower, the Agent and the
Lenders,
(vi) a fully executed copy, in form and substance acceptable to the Agent,
of the letter agreement, dated as of the date hereof, delivered in connection
with the Note Agreement to which the Borrower is a party that is dated as of
April 6, 1994, and
(vii) a fully executed copy, in form and substance acceptable to the
Agent, of the letter agreement, dated as of the date hereof, delivered in
connection with the Note Agreement to which the Borrower is a party that is
dated as of October 10, 1995.
4. Representations and Warranties of the Borrower and the Multicurrency
Subsidiary Borrowers. Each of the Borrower and each Multicurrency Subsidiary
Borrower hereby represents and warrants as follows:
(a) Each of the Credit Agreements to which each of the Borrower and
each Multicurrency Subsidiary Borrower is a party as previously executed
constitutes the legal, valid and binding obligation of the Borrower and each
Multicurrency Subsidiary Borrower and is enforceable against the Borrower and
each Multicurrency Subsidiary Borrower in accordance with its terms.
(b) Upon the effectiveness of this Amendment, each of the Borrower
and each Multicurrency Subsidiary Borrower hereby (i) represents that no Default
or Event of Default exists under the terms of the Credit Agreements to which it
is a party, (ii) reaffirms all covenants, representations and warranties made in
the Credit Agreements to which it is a party, and (iii) agrees that all such
covenants, representations and warranties shall be deemed to have been remade as
of the effective date of this Amendment.
5. Effect on the Credit Agreement.
(a) Upon the effectiveness of this Amendment, on and after the date
hereof, each reference in each Credit Agreement to "this Agreement,"
"hereunder," "hereof," "herein" or words of like import shall mean and be a
reference to such Credit Agreement, as amended hereby.
(b) Except as specifically amended above, the Credit Agreements and
all other documents, instrument/s and agreements executed and/or delivered in
connection therewith shall remain in full force and effect, and are hereby
ratified and confirmed.
6
(c) The execution, delivery and effectiveness of this Amendment
shall neither, except as expressly provided herein, operate as a waiver of any
right, power or remedy of the Lenders or the Agent, nor constitute a waiver of
any provision of either Credit Agreement or any other documents, instruments and
agreements executed and/or delivered in connection therewith.
6. Costs and Expenses. The Borrower agrees to pay all reasonable costs,
fees and out-of-pocket expenses (including attorneys' fees and expenses charged
to the Agent) incurred by the Agent and the Lenders in connection with the
preparation, arrangement, execution and enforcement of this Amendment.
7. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE INTERNAL LAWS (INCLUDING, WITHOUT LIMITATION, SECTION 735
ILCS 105/5-1 ET SEQ. BUT OTHERWISE WITHOUT REGARD TO THE CONFLICTS OF LAWS
PROVISIONS) OF THE STATE OF ILLINOIS.
8. Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment
for any other purpose.
9. Counterparts. This Amendment may be executed by one or more of the
parties to the Amendment on any number of separate counterparts and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument.
10. No Strict Construction. The parties hereto have participated jointly
in the negotiation and drafting of this Amendment. In the event an ambiguity or
question of intent or interpretation arises, this Amendment shall be construed
as if drafted jointly by the parties hereto and no presumption or burden of
proof shall arise favoring or disfavoring any party by virtue of the authorship
of any provisions of this Amendment.
The remainder of this page is intentionally blank.
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IN WITNESS WHEREOF, this Waiver and Amendment No. 2 has been duly executed
as of the day and year first above written.
AG-CHEM EQUIPMENT CO., INC., as the AG-CHEM EUROPE, B.V., as a Multicurrency
Borrower Subsidiary Borrower
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
--------------------- ----------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title: CFO Title: CFO
AG-CHEM EQUIPMENT CANADA, LTD., as BANK ONE, NA, as a Lender and as Agent
a Multicurrency Subsidiary Borrower under the Credit Agreements
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇
---------------------- ----------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇
Title: CFO Title: Vice President
COOPERATIEVE CENTRALE RAIFFEISEN- ▇▇▇▇▇▇ TRUST AND SAVINGS BANK, as a
BOERENLEENBANK B.A., "RABOBANK Lender under the Credit Agreements
INTERNATIONAL", NEW YORK BRANCH,
as a Lender under the Credit
Agreements
By: By: /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
---------------------- ----------------------
Name: Name: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Title: Vice President
By:
----------------------
Name:
Title:
BANK ONE CANADA, formerly known as
First Chicago NBD Bank, Canada, as a
Lender under the Long Term Credit
Agreement
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
----------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Sr. Vice President
By:
----------------------
Name:
Title:
SCHEDULE I
TO
WAIVER AND AMENDMENT NO. 2
Signature Pages to Short Term Credit Agreement
Attached.
AG-CHEM EQUIPMENT CO., INC.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
-----------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title: CFO
Notice Information:
▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Telephone No.: (▇▇▇) ▇▇▇-▇▇▇▇
Facsimile No.: (▇▇▇) ▇▇▇-▇▇▇▇
BANK ONE, NA
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
-----------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Vice President
Notice Information:
▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇ ▇▇▇▇▇▇
Telephone No.: (▇▇▇) ▇▇▇-▇▇▇▇
Facsimile No.: (▇▇▇) ▇▇▇-▇▇▇▇
Commitment: $12,142,857.14
Percentage: 40.4762%
COOPERATIEVE CENTRALE
RAIFFEISEN-BOERENLEENBANK B.A.,
"RABOBANK INTERNATIONAL", NEW YORK BRANCH
By:
-----------------------------
Name:
Title:
Notice Information:
▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: Corporate Services Department
Telephone No.: (▇▇▇) ▇▇▇-▇▇▇▇
Facsimile No.: (▇▇▇) ▇▇▇-▇▇▇▇
with a copy to:
Rabobank International
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
Attention: ▇▇▇ ▇▇▇▇▇▇▇▇▇
Telephone No.: (▇▇▇) ▇▇▇-▇▇▇▇
Facsimile No.: (▇▇▇) ▇▇▇-▇▇▇▇
Commitment: $8,928,571.43
Percentage: 29.7619%
▇▇▇▇▇▇ TRUST AND SAVINGS BANK
By: /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
-----------------------------
Name: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Vice President
Notice Information:
▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Telephone No.: (▇▇▇) ▇▇▇-▇▇▇▇
Facsimile No.: (▇▇▇) ▇▇▇-▇▇▇▇
Commitment: $8,928,571.43
Percentage: 29.7619%
SCHEDULE II
TO
WAIVER AND AMENDMENT NO. 2
Signature Pages to Long Term Credit Agreement
Attached.
AG-CHEM EQUIPMENT CO., INC.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
-----------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title: CFO
Notice Information:
▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Telephone No.: (▇▇▇) ▇▇▇-▇▇▇▇
Facsimile No.: (▇▇▇) ▇▇▇-▇▇▇▇
AG-CHEM EUROPE, B.V.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
-----------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title: CFO
Notice Information:
▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Telephone No.: (▇▇▇) ▇▇▇-▇▇▇▇
Facsimile No.: (▇▇▇) ▇▇▇-▇▇▇▇
AG-CHEM EQUIPMENT CANADA, LTD.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
-----------------------------
Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title: CFO
Notice Information:
▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Telephone No.: (▇▇▇) ▇▇▇-▇▇▇▇
Facsimile No.: (▇▇▇) ▇▇▇-▇▇▇▇
BANK ONE, NA
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
-----------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Vice President
Notice Information:
▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇ ▇▇▇▇▇▇
Telephone No.: (▇▇▇) ▇▇▇-▇▇▇▇
Facsimile No.: (▇▇▇) ▇▇▇-▇▇▇▇
Tranche A Commitment: $16,190,476.19
Percentage: 40.4762%
COOPERATIEVE CENTRALE
RAIFFEISEN-BOERENLEENBANK B.A.,
"RABOBANK INTERNATIONAL", NEW YORK BRANCH
By:
-----------------------------
Name:
Title:
Notice Information:
▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: Corporate Services Department
Telephone No.: (▇▇▇) ▇▇▇-▇▇▇▇
Facsimile No.: (▇▇▇) ▇▇▇-▇▇▇▇
with a copy to:
Rabobank International
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
Attention: ▇▇▇ ▇▇▇▇▇▇▇▇▇
Telephone No.: (▇▇▇) ▇▇▇-▇▇▇▇
Facsimile No.: (▇▇▇) ▇▇▇-▇▇▇▇
Tranche A Commitment: $11,904,761.90
Percentage: 29.7619%
▇▇▇▇▇▇ TRUST AND SAVINGS BANK
By: /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Vice President
Notice Information:
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Telephone No.: (▇▇▇) ▇▇▇-▇▇▇▇
Facsimile No.: (▇▇▇) ▇▇▇-▇▇▇▇
Commitment: $11,904,761.90
Percentage: 29.7619%
BANK ONE CANADA
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Sr. Vice President
By:
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Name:
Title:
Notice Information:
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▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇
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Attention: ▇▇▇▇▇ ▇▇▇▇▇
Telephone No.: (▇▇▇) ▇▇▇-▇▇▇▇
Facsimile No.: (▇▇▇) ▇▇▇-▇▇▇▇
Tranche B Commitment: US$5,000,000
Percentage: 100% of the Canadian Advances