Amendment to Revolving Note. A promissory note dated February 12, 1997 in the principal amount of $11,000,000 the "Revolving Note" was executed by Borrower to evidence the Revolving Commitment as described in the Credit Agreement. The maturity of the Revolving Note is being extended hereby in accordance with the extension of the Credit Agreement.
Amendment to Revolving Note. The last sentence of subsection (a) under the heading “BORROWING AND REPAYMENT:” of the Revolving Note shall be amended by deleting the reference to “May 1, 2018” and replacing it with a reference to “Expiration Date”.
Amendment to Revolving Note. The Maturity Date set forth in the first paragraph on page 1 of the Revolving Note is hereby amended from October 1, 2010 to October 1, 2012.
Amendment to Revolving Note. 1.1 Effective as of the date hereof, the Revolving Note is hereby amended as follows:
A. The face principal amount of the Revolving Note is increased from $10,000,000.00 to $20,000,000.00, and each reference to the dollar amount “10,000,000.00” is stricken and replaced with $20,000,000.00”.
B. Each reference to the Final Maturity Date is hereby amended to mean December 28, 2016.
C. The first literal paragraph on page 1 is hereby amended and restated, effective from and after the date hereof to read in its entirety as follows: FOR VALUE RECEIVED, the undersigned, GERMAN AMERICAN BANCORP, INC., a Indiana corporation with an address at 700 Xxxx Xxxxxx, Xxxxxx, Xxxxxxx 00000 (the “Borrower”), hereby promises and agrees to pay to the order of STOCK YARDS BANK & TRUST COMPANY, a Kentucky banking corporation (“Lender”), having an address of 1000 Xxxx Xxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000, an aggregate principal sum equal to the lesser of [i] TWENTY MILLION AND NO/100 DOLLARS ($20,000,000.00), or [ii] so much thereof as is advanced hereunder and not repaid, together with interest thereon as hereinafter provided, in lawful money of the United States of America, in the manner set forth herein, on or before December 28, 2016 (the “Final Maturity Date”).
D. The last literal paragraph which begins at the end of page 2 and continues on page 3 be and is hereby amended and restated, effective from and after the date hereof, to read in its entirety as follows: Borrower shall pay Lender a non-usage fee (the “Non-usage Fee”) calculated on a quarterly basis for each calendar quarter hereunder until and including the Final Maturity Date, and any other date that this Note is paid in full and canceled (the “Final Payment Date”). The Non-Usage Fee applicable hereunder to a particular calendar quarter shall be computed by applying the rate of one-fourth of one percent (0.25%) to the difference between the face amount of this Note ($20,000,000.00) less the average amount of outstanding principal balance under this Note for the number of days that have elapsed from and including the first day of that particular calendar quarter and ending on the first to occur of the last day of that particular calendar quarter, the Final Maturity Date or the Final Payment Date. The Non-usage Fee applicable hereunder to a particular calendar quarter shall be payable on the first to occur of the first day of the second calendar quarter next succeeding that particular calendar quarter, the Final Mat...
Amendment to Revolving Note. 3.1 Effective as of the date hereof, the Revolving Note is hereby amended as follows:
A. Each reference to the Final Maturity Date is hereby amended to mean December 29, 2015.
3.2 This Amendment is not intended to, and shall not, affect a novation of the obligations expressed in the Revolving Note or the Loan Documents. Except as expressly provided herein, the Revolving Note shall continue to be in full force and effect from and after the date of this Amendment as it was prior to the date hereof.
Amendment to Revolving Note. The Revolving Note is hereby amended and restated in its entirety in the form attached as Annex A hereto.
Amendment to Revolving Note. Effective as of the date hereof, the --------------------------- Amended and Restated Revolving Note dated August 14, 1996, as amended and restated as of November 14, 1997, in the principal amount of $6,000,000 executed by the Original Borrowers in favor of Xxxxxxx is hereby amended to include ESR as an obligor thereunder with the same force and effect as if ESR had executed such Note.
Amendment to Revolving Note. Effective as of the date hereof, the --------------------------- Amended and Restated Revolving Note dated August 14, 1996, as amended and restated as of November 14, 1997, in the principal amount of $6,000,000 executed by the Original Borrowers in favor of Xxxxxxx is hereby amended to include CBS as an obligor thereunder with the same force and effect as if CBS had executed such Note.
Amendment to Revolving Note. The Revolving Note is hereby amended by (a) deleting all references to “Four Million” and replacing such references with “Two Million” and (b) deleting all references to “$4,000,000” and replacing such references with “$2,000,000”. Except as specifically set forth herein, the Revolving Note, the Term Note and the Loan Documents previously delivered by the Borrowers shall remain in full force and effect and are hereby ratified and confirmed in all respects. The indebtedness evidenced by the Revolving Note (as hereby amended by this Fourth Modification) is continuing indebtedness of the Borrowers and nothing herein shall be deemed to constitute a payment, settlement or novation of the Revolving Note, or to release or otherwise adversely affect any lien or security interest securing such indebtedness or any rights of the Bank against any party primarily or secondarily liable for such indebtedness
Amendment to Revolving Note. The Revolving Note is hereby amended as follows:
(a) The Maturity Date set forth in the first paragraph on page 1 of the Revolving Note is hereby amended from October 1, 2014 to October 1, 2016.
(b) The seventh paragraph of the Revolving Note is deleted in its entirety and replaced with the following: For as long as the credit facility evidenced by this Note remains in existence, Borrower shall pay to Bank a fee (“Unused Line Fee”) in the form of additional interest on that portion of the maximum principal amount of this Note that on each day is not outstanding (“Unused Portion”), which interest shall accrue daily by multiplying the Unused Portion each day by a per diem rate equal to 0.15% divided by 360. The Unused Line Fee shall be due and payable quarterly in arrears.
(c) The Interest Rate Election Rider attached to the Revolving Note is deleted in its entirety and replaced with the Interest Rate Election Rider that is attached to this Agreement as Exhibit A.
