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Exhibit 4.10
EIGHTH AMENDED AND RESTATED REVOLVING NOTE
$ 35,000,000 October 28, 1999
FOR VALUE RECEIVED, USA TRUCK, INC., a corporation organized and existing
under the laws of the State of Delaware ("Borrower"), hereby promises to pay to
the order of FIRST AMERICAN NATIONAL BANK, operating as DEPOSIT GUARANTY
NATIONAL BANK ("Lender") the principal sum of THIRTY-FIVE MILLION AND NO/100
DOLLARS ($35,000,000.00) or, if less, the outstanding aggregate principal amount
of all Revolving Loans (as defined in the Revolving Credit Agreement referred to
below) made by Lender to Borrower, on the Revolving Loan Commitment Termination
Date (as defined in the Revolving Credit Agreement), and to pay interest on the
unpaid principal balance of each Revolving Loan from the date of such Revolving
Loan until said principal amount is paid in full, at the times and at the rate
or rates specified in the Revolving Credit Agreement. During the term of this
Revolving Note the Borrower may borrow, repay and reborrow hereunder.
This Note shall be deemed to be a contract made under the law of the State
of Mississippi and for all purposes shall be governed by and construed in
accordance with the laws of the State of Mississippi.
Borrower expressly waives any presentment, demand, protest or notice of any
kind in connection with this Note, now or hereafter, required by applicable law.
Xxxxxxxx agrees to pay and save Xxxxxx harmless from and against liability
for payment of all expenses (including, but not limited to, attorneys' fees and
costs) arising in connection with the enforcement by Lender of its rights under
this Note.
Payments of principal and interest are to be made in immediately available
funds to, First American National Bank, operating as Deposit Guaranty National
Bank, at its main office in Jackson, Mississippi, in lawful money of the United
States of America.
This Note is the Revolving Note issued pursuant to that certain Fourth
Amended and Restated Revolving Credit Agreement dated as of December 30, 1992,
as amended July 21, 1993, December 13, 1993, December 22, 1994, December 28,
1995, December 30, 1996, December 30, 1997, October 30, 1998, and of even date
herewith, between Borrower and Lender (as amended, modified and restated from
time to time, the "Revolving Credit Agreement") and is entitled to the benefits
and subject to the terms thereof. This Note constitutes an amendment, extension
and restatement of that certain Fourth Amended and Restated Revolving Note from
Borrower to Lender dated December 30, 1992 in the original stated principal
amount of $12,000,000. This Note is subject to prepayment on the terms and in
the manner set forth in the Revolving Credit Agreement, and this Note may be
declared due and payable prior to its date of maturity in accordance with the
terms thereof. The Revolving Credit Agreement also provides for the making by
Lender to Borrower of revolving loan advance from time to time in ail amount:
not to exceed the U. S. Dollar amount above written and contains provisions for
the acceleration of the maturity hereof upon the terms and conditions therein
specified. This Note is subject to conversion to a term note in accordance with
the terms and provisions of the Revolving Credit Agreement.
"Business Day" shall mean any day other than a Saturday, Sunday or other
day an which banking institutions in the State of Mississippi are authorized to
close.
USA TRUCK, INC., a Delaware Corporation
By: /s/ Xxxxx X. Xxxxx
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Title CFO & Secretary
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