Exhibit 10.192
SECOND AMENDED AND RESTATED REVOLVING CREDIT NOTE
$18,000,000 New York, New York
As of December 31, 2002
FOR VALUE RECEIVED, the undersigned, KINRO, INC., an Ohio corporation,
XXXXXXX TIRE & AXLE, INC., a Delaware corporation, and XXXXXXX COMPONENTS, INC.,
a Delaware corporation (the "Borrowers"), hereby jointly and severally,
unconditionally promise to pay to the order of JPMorgan Chase Bank (the
"Lender"), at the office of JPMorgan Chase Bank (the "Administrative Agent") at
One Chase Manhattan Tower, New York, New York 10081 on the Maturity Date in
lawful money of the United States of America and in immediately available funds,
the principal amount of (a) EIGHTEEN MILLION DOLLARS ($18,000,000) or, if less,
(b) the aggregate unpaid principal amount of all Revolving Loans made by the
Lender pursuant to the Credit Agreement (referred to below). The Borrowers
further agree, jointly and severally, to pay interest on the unpaid principal
amount outstanding hereunder from time to time from the date hereof in like
money at such office at the rates and on the dates specified in the Credit
Agreement.
The holder of this Note is authorized to record on the schedule annexed
hereto or on a continuation thereof the date, Type and amount of each Loan made
pursuant to the Credit Agreement, each continuation thereof, each conversion of
all or a portion thereof to another Type, the date and amount of each payment or
repayment of principal thereof and, in the case of Eurodollar Loans or Fixed
Rate Loans, the length of each Interest Period with respect thereto; provided,
however, that the failure to make any such recordation shall not affect the
obligations of the Borrowers in respect of such Loans.
This Note is one of the Revolving Credit Notes referred to in the Credit
Agreement dated as of January 28, 1998, as amended and restated as of November
13, 2001 and as further amended as of February 15, 2002 and as of December 31,
2002 (as so amended, the "Credit Agreement") among the Borrowers, the Lenders
party thereto and JPMorgan Chase Bank as Administrative Agent, is secured as
provided therein and in the Security Documents, is entitled to the benefits of
the Guarantee Agreements as provided in the Credit Agreement and the Guarantee
Agreements, and is subject to optional and mandatory prepayment as set forth in
the Credit Agreement. Any amounts owing under the Amended And Restated Revolving
Credit Note dated as of November 13, 2001 and issued under the Credit Agreement,
which this Note replaces and is substituted for, shall continue to be owing
under this Note in all respects.
Upon the occurrence of any one or more of the Events of Default specified
in the Credit Agreement, all amounts then remaining unpaid on this Note shall
become, or may be declared to be, immediately due and payable, all as provided
in the Credit Agreement.
All parties now and hereafter liable with respect to this Note, whether
maker, principal, surety, guarantor, endorser or otherwise, hereby waive
presentment, demand, protest and all other notices of any kind.
Terms defined in the Credit Agreement are used herein with their defined
meanings unless otherwise defined herein. This Note shall be governed by, and
construed and interpreted in accordance with, the laws of the State of New York.
KINRO, INC.
By:___________________________________
Name:
Title:
XXXXXXX TIRE & AXLE, INC.
By:___________________________________
Name:
Title:
XXXXXXX COMPONENTS, INC.
By:___________________________________
Name:
Title:
2
SCHEDULE 1
TO SECOND AMENDED AND RESTATED REVOLVING CREDIT NOTE
LOANS, CONVERSIONS AND PAYMENTS OF ABR LOANS
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Amount of Amount of
ABR Loans Eurodollars Unpaid
Amount of Converted to Loans Principal
Amount of Principal Eurodollar Converted to Balance of Notation
Date ABR Loans Repaid Loans ABR Loans ABR Loans Made By
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SCHEDULE 2
TO SECOND AMENDED AND RESTATED REVOLVING CREDIT NOTE
LOANS, CONVERSIONS AND PAYMENTS OF EURODOLLAR LOANS
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Amount of Unpaid
Eurodollar Amount of Principal
Amount of Amount of Loans ABR Loans Balance of
Eurodollar Principal Converted to Converted to Eurodollar Notation
Date Loans Repaid ABR Loans Eurodollar Loans Loans Made By
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SCHEDULE 3
TO SECOND AMENDED AND RESTATED REVOLVING CREDIT NOTE
LOANS, CONVERSIONS AND PAYMENTS OF FIXED RATE LOANS
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Amount of
Amount of Fixed Rate Amount of
Fixed Rate Amount of Loans Eurodollar Unpaid
Loans ABR Loans Converted Loans Principal
Amount of Amount of Converted Converted to Converted Balance
Fixed Rate Principal to ABR to Fixed Eurodollar to Fixed of Fixed Notation
Date Loans Repaid Loans Rate Loans Loans Rate Loans Rate Loans Made By
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