Revolving Credit Note
Exhibit 10.1
Exhibit 10.1
US $30,000,000
January 24, 2008
FOR VALUE RECEIVED, the undersigned (the “Borrower”) promises to pay to the order of XXXXX FARGO
BANK, NATIONAL ASSOCIATION, a national banking association, on the Termination Date (as defined in
the Credit Agreement referred to below) the principal sum of THIRTY MILLION DOLLARS ($30,000,000)
or if less the principal sum of all Loans outstanding on the Termination Date.
Xxxxxxxx promises to pay interest on the unpaid principal amount of each Loan from the date of such
Loan until such principal amount is paid in full, at such interest rates, and payable at such
times, as are specified in the Credit Agreement.
Both principal and interest are payable in lawful money of the United States of America to Bank at
its office in Omaha, Nebraska, in same day funds, as provided in the Credit Agreement.
This Revolving Credit Note (the “Note”) is the “Note” referred to in, and is entitled to the
benefits of the Revolving Credit Agreement, dated as of January 24, 2008 (as the same may be
amended or modified from time to time, the “Credit Agreement”), between Borrower and Bank. The
Credit Agreement, among other things, (i) provides for the making of Loans by Bank to Borrower from
time to time in an aggregate amount not to exceed at any time outstanding the amount first above
mentioned, and (ii) contains provisions for acceleration of the maturity hereof upon the happening
of certain stated events and also for prepayments on account of principal hereof prior to the
maturity hereof upon the terms and conditions therein specified.
THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEBRASKA.
EXECUTED AND DELIVERED as of the date first above written.
| LINDSAY CORPORATION, a Delaware corporation | ||||||
| By: | /s/ Xxxxx Xxxxxxx | |||||
| Name: | Xxxxx Xxxxxxx | |||||
| Title: | Senior VP and CFO | |||||
