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EXHIBIT 4.8
SECOND AMENDMENT
This Second Amendment (this "Agreement"), dated as of November 2,
1998, is among BankBoston, N.A. ("BKB"), Citicorp Del-Lease, Inc. ("Citicorp"),
Erste Bank Der Oesterreichischen Sparkassen AG ("Erste Bank"), First Source
Financial LLP ("FSF") and Union Planters Bank ("UP") (Citicorp, Erste Bank, FSF
and UP collectively, "the New Lenders"), the Borrowers referred to below, the
Lenders to the Credit Agreement (as hereinafter defined) and BankBoston, N.A.
in its capacity as administrative agent (the "Administrative Agent") for the
Lenders referred to below. All capitalized terms used herein without
definitions shall have the meanings given such terms in the Credit Agreement.
References in the Credit Agreement to the Total Commitment and Term Loan shall
be deemed to refer to the Total Commitment and Term Loan as amended hereby.
WHEREAS, NationsRent, Inc. (the "Parent"), its Subsidiaries
(collectively with the Parent, the "Borrowers"), BKB and the other lending
institutions listed on SCHEDULE 1 thereto (collectively, the "Lenders"), the
Administrative Agent, LaSalle National Bank as documentation agent for the
Lenders and Fleet Bank, N.A. and NationsBank, N.A. as co-agents for the Lenders
are parties to that certain Second Amended and Restated Revolving Credit and
Term Loan Agreement dated as of September 24, 1998 (as amended, restated,
modified or supplemented and in effect from time to time, the "Credit
Agreement");
WHEREAS, the Administrative Agent wishes to reallocate the aggregate
dollar amounts of the Commitments and the Term Loan;
WHEREAS, each of the New Lenders wishes to become a party to the
Credit Agreement, and has agreed to provide Loans and otherwise extend credit
to the Borrowers in the amounts as more specifically described on SCHEDULE 1
attached hereto;
WHEREAS, BKB (the "Assigning Lender") wishes to assign a certain
percentage to its rights and obligations in the Loans under the Credit
Agreement to Citicorp, Erste Bank, FSF and UP (such New Lenders are referred to
as "Assignee Lenders"), and each of the Assignee Lenders wishes to accept an
assignment of a certain percentage of the Assigning Lender's rights and
obligations in its Commitment and portion of its Term Loan;
WHEREAS, the parties to this Amendment wish to make conforming and
certain other changes to the Credit Agreement, as requested by the New Lenders;
NOW THEREFORE, the parties hereto hereby agree as follows:
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1. AMENDMENT TO LOAN DOCUMENTS.
(a) The definitions under Section 1.1 of the Credit Agreement are
hereby amended as follows:
(i) The definition of "Security Documents" is hereby amended by
inserting the words "the Omnibus Amendment to Security Documents dated as of
June 29, 1998," immediately following the phrase "Omnibus Security Amendment".
(ii) The definition of "Term Loan" is hereby amended by inserting the
phrase " , which amount is reduced to $161,000,000" at the end of the sentence
thereof.
(b) Section 2.1 of the Credit Agreement is hereby amended by deleting
the number "$260,000,000" and substituting in lieu thereof the number
"$274,000,000".
(c) Section 2.2.2 of the Credit Agreement is hereby amended by
deleting the phrase "$265,000,000 hereunder" and substituting in lieu thereof
the phrase "$279,000,000, as such amount may be further adjusted pursuant to
Section 2 of the Amendment No. 1 and Consent to the Second Amended and Restated
Revolving Credit and Term Loan Agreement".
(d) Section 2.2.2 of the Credit Agreement is further hereby amended by
adding the following sentence at the end of the section:
"Notwithstanding any of the foregoing, the sum of the Total Commitment
and Term Loan shall not in any event exceed $440,000,000."
(e) Section 3.1 of the Credit Agreement is hereby amended by adding
the following phrase at the end of the sentence immediately before the period:
"which amount is reduced to $161,000,000".
(f) SCHEDULE 1 of the Credit Agreement is hereby amended by replacing
in lieu thereof SCHEDULE 1 attached hereto.
(g) Section 3.6.2 is hereby amended by adding the following sentence
at the end of the subsection:
"In the event that the Borrowers fail to give the
Administrative Agent notice with respect to the continuation of any Eurodollar
Loan hereunder within three (3) days prior to the expiration of the Interest
Period relating thereto, then such Eurodollar Loan shall be converted to a
Eurodollar Loan with an interest period of one (1) month at the end of the then
expiring Interest Period relating thereto."
(h) Section 15.8 is hereby amended by deleting the phrase "including
any expenses" in the parenthetical immediately following the word "expenses" on
the fifth line thereto.
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(i) Section 15.8 is hereby amended by deleting the word
"Administrative" after the word "Documentation" on the tenth line thereto.
(j) Section 18.1 is hereby amended by deleting the phrase ", in the
case of the Parent," after the words "which consent" in clause (i) thereto.
(k) Section 21.2 is hereby amended by replacing the word "banking"
with the words "commercial lending" immediately following the words "safe and
sound" on the fifth line thereto.
(l) On the first page of the Omnibus Amendment No. 2 to Security
Documents, in the last clause beginning with the words "Whereas, the Borrowers,
BankBoston, N.A. and certain lending institutions", the words "an Amendment No.
1" is hereby deleted and replaced with the words "a Joinder and Commitment
Increase Agreement dated as of July 15, 1998".
2. REALLOCATION OF LOANS. Pursuant to Section 2 of the Amendment No. 1
and Consent to the Credit Agreement, dated as of October 9, 1998 (the
"Amendment 1"), among the Borrowers, the Lenders and the Administrative Agent,
the Administrative Agent hereby reallocates the aggregate dollar amounts of the
Commitments and the Term Loan such that the Total Commitment shall be equal to
$274,000,000 and the Term Loan shall be equal to $161,000,000. BkB hereby
assigns part of its Commitment and portions of its Term Loan as further
described in Section 4 below and on SCHEDULE 1 attached hereto.
3. CONSENT TO ASSIGNMENT TO CREDIT AGREEMENT. The Administrative Agent
and each of the Borrowers hereby consent to the addition of each of the New
Lenders as a Lender hereunder such that, after giving effect hereto and as of
the Effective Date, each New Lender shall be a party to the Credit Agreement
and shall have the rights and obligations of a Lender thereunder.
4. ASSIGNMENT AND ACCEPTANCE. (a) For the purposes of the assignments
contemplated herein, the provisions of ss.18.1 of the Credit Agreement,
including, but not limited to, the requirement of an Assignment and Acceptance,
are hereby waived, and the parties hereto hereby consent and agree to such
assignments.
(b) The Assigning Lender hereby assigns to each of the Assignee
Lenders, and each such Assignee Lender hereby purchases and assumes without
recourse to the Assigning Lender, a certain dollar interest in and to all of
the Assigning Lender's rights and obligations under the Credit Agreement as of
the Effective Date, including, without limitation, such dollar interest in the
Assigning Lender's Commitment and portion of the Term Loan as in effect on the
Effective Date, and the outstanding interest in any Revolving Credit Loans,
Commitment and Term Loan owing to the Assigning Lender on the Effective Date,
(such interest being hereinafter referred to as the "Assigned Portion") such
that, after giving effect to the assignments contemplated hereby and as of
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the Effective Date, the respective Commitment, Commitment Percentages, Term
Loan and Term Loan Percentages of the Assigning Lender and each of the Assignee
Lenders shall be as set forth on SCHEDULE 1 hereto and the Assigning Lender and
each of the Assignee Lenders shall have that percentage interest in the
outstanding Revolving Credit Loans and Term Loan. Notwithstanding any term or
provision of ss.18 of the Credit Agreement to the contrary, the execution and
delivery hereof by the Assigning Lender, each of the Assignee Lenders, the
Administrative Agent and the Borrowers shall constitute an Assignment and
Acceptance delivered in accordance with the Credit Agreement and shall be
effective in respect of the assignments contemplated hereby.
(c) The Assigning Lender (i) represents and warrants that as of the
date hereof, its Commitment and portion of the Term Loan is sufficient to give
effect to this Assignment and Acceptance; (ii) makes no representation or
warranty, express or implied, and assumes no responsibility with respect to any
statements, warranties or representations made in or in connection with the
Credit Agreement or any of the other Loan Documents or the execution, legality,
validity, enforceability, genuineness, sufficiency or value of the Credit
Agreement, any of the other Loan Documents or any other instrument or document
furnished pursuant thereto or the attachment, perfection or priority of any
security interest or mortgage, other than that it is the legal and beneficial
owner of the interest being assigned by it hereunder free and clear of any
claim or encumbrance and (iii) makes no representation or warranty and assumes
no responsibility with respect to the financial condition of the Borrowers or
any of their Subsidiaries or any other Person primarily or secondarily liable
in respect of any of the Obligations, or the performance or observance by the
Borrowers or any of their Subsidiaries or any other Person primarily or
secondarily liable in respect of any of the Obligations of any of its
obligations under the Credit Agreement or any of the other Loan Documents or
any other instrument or document delivered or executed pursuant thereto.
(d) Each New Lender (i) represents and warrants that (A) it is duly
and legally authorized to enter into this Agreement, (B) the execution,
delivery and performance of this Agreement does not conflict with any provision
of law or of the charter or by-laws of such New Lender, or of any agreement
binding on such New Lender, and (C) all acts, conditions and things required to
be done and performed and to have occurred prior to the execution, delivery and
performance of this Agreement, and to render the same the legal, valid and
binding obligation of such New Lender, enforceable against it in accordance
with its terms, have been done and performed and have occurred in due and
strict compliance with all applicable laws; (ii) confirms that it has received
a copy of the Credit Agreement, together with copies of the most recent
financial statements delivered pursuant to Sections 7.4 and 8.4 thereof and such
other documents and information as it has deemed appropriate to make its own
credit analysis and decision to enter into this Agreement; (iii) agrees that it
will, independently and without reliance upon the Administrative Agent or any
other Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under the Credit Agreement; (iv) appoints and authorizes the
Administrative Agent to take such action
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as agent on its behalf and to exercise such powers under the Credit Agreement
and the other Loan Documents as are delegated to the Administrative Agent by
the terms thereof, together with such powers as are reasonably incidental
thereto; (v) agrees that it will perform in accordance with their terms all the
obligations which by the terms of the Credit Agreement are required to be
performed by it as a Lender; and (vi) acknowledges and agrees that, if
applicable, it has made arrangements with the Administrative Agent satisfactory
to such New Lender with respect to its PRO RATA share of Letter of Credit Fees
in respect of outstanding Letters of Credit.
5. ISSUANCE OF NOTES. Erste Bank requests that the Borrowers issue a
new Revolving Credit Note payable to Erste Bank in the principal amount of
$4,000,000, and a new Term Note payable to Erste Bank in the principal amount
of $8,000,000. UP requests that the Borrowers issue a new Revolving Credit Note
payable to UP in the principal amount of $10,000,000. Citicorp requests that
the Borrowers issue a new Term Note payable to Citicorp in the principal amount
of $25,000,000. FSF requests that the Borrowers issue a new Term Note payable
to FSF in the principal amount of $12,500,000. BKB requests that the Borrowers
issue a Second Amended and Restated Term Note payable to BKB in the principal
amount of $106,500,000. BKB agrees to return its Amended and Restated Term Note
dated as of October 29, 1998 to the Borrowers upon its receipt of the new
Second Amended and Restated Term Note. BKB, the New Lenders and each of the
Borrowers agree that the Notes delivered pursuant to this ss.5, each dated as
of the Effective Date payable to the order of BKB and each of the New Lenders
in the principal amount of the Commitment or Term Loan set forth opposite each
Lender on SCHEDULE 1 to the Credit Agreement as amended hereby, and as attached
hereto, shall be deemed to be "Notes" under the Credit Agreement.
Section 6. CONDITIONS TO EFFECTIVENESS. The effectiveness of this
Agreement shall be conditioned upon the satisfaction of the following
conditions precedent:
Section 6.1. DELIVERY OF DOCUMENTS.
(a) The Borrowers shall have delivered to the Administrative Agent,
contemporaneously with the execution hereof, the following, in form and
substance satisfactory to the Administrative Agent:
(i) this Agreement signed by each Borrower;
(ii) Notes signed by each Borrower and issued to the Assigning Lender
or New Lender, as the case may be, in the amount of such Lender's Commitment or
Term Loan;
(iii) certified copies of the resolutions of the Borrowers approving
this Agreement, the Notes in favor of each Lender referred to in clause (ii)
above and the other documents referred to herein; and
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(b) BKB, each New Lender, the Lenders and the Administrative Agent
shall have delivered to the Administrative Agent this Agreement, signed by each
such Lender.
(c) The Administrative Agent, BkB and each of the Lenders whose Notes
are replaced, suspended or amended as a result of the issuance of the new Notes
pursuant to Section 6.1 hereof (the "Old Notes") shall cancel such Old Notes
and return the original executed Old Notes to the Parent.
Section 6.2. LEGALITY OF TRANSACTION. No change in applicable law
shall have occurred as a consequence of which it shall have become and continue
to be unlawful on the date this Agreement is to become effective (a) for the
Administrative Agent or any Lender to perform any of its obligations under any
of the Loan Documents or (b) for any Borrower to perform any of its agreements
or obligations under any of the Loan Documents.
Section 6.3. PERFORMANCE. The Borrowers shall have duly and properly
performed, complied with all terms and conditions contained in the Loan
Documents required to be performed or complied with by it on or prior to the
date this Agreement is to become effective. No event shall have occurred on or
prior to the date this Agreement is to become effective and be continuing, and
no condition shall exist on the date this Agreement is to become effective
which constitutes a Default or Event of Default under any of the Loan
Documents.
Section 6.4. PROCEEDINGS AND DOCUMENTS. All corporate, governmental
and other proceedings in connection with the transactions contemplated by this
Agreement and all instruments and documents incidental thereto shall be in the
form and substance reasonably satisfactory to the Administrative Agent and its
counsel and the Administrative Agent and such counsel shall have received all
such counterpart originals or certified or other copies of all such instruments
and documents as the Agent or any Lender shall have reasonably requested.
Section 6.5. FUNDING ARRANGEMENTS. The Lenders and the Administrative
Agent shall have made such arrangements among themselves as shall be necessary
to provide that each Lender shall hold its Commitment Percentage or Term Loan
Percentage of outstanding Loans after giving effect to this Agreement.
Section 7. REPRESENTATIONS AND WARRANTIES. Each Borrower hereby
represents and warrants to the Lenders as follows:
(a) The representations and warranties of such Borrower contained in
the Credit Agreement, as amended hereby, the other Loan Documents or in any
document or instrument delivered pursuant to or in connection with the Credit
Agreement were true when made and continue to be true on the date hereof,
except to the extent of changes resulting from transactions contemplated or
permitted by the Credit Agreement and the other Loan Documents and changes
occurring in the ordinary
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course of business which singly or in the aggregate are not materially adverse,
or to the extent that such representations and warranties related solely and
expressly to an earlier date) and no Default or Event of Default shall have
occurred and be continuing;
(b) The execution, delivery and performance by the Borrower of this
Agreement and the consummation of the transactions contemplated hereby: (i) are
within the corporate powers of such Borrower; (ii) have been duly authorized by
all necessary corporate proceedings on the part of such Borrower; (iii) do not
require any approval, consent of, or filing with, any governmental agency or
authority, or any other person, association or entity, which bears on the
validity of this Amendment and which is required by law or the regulation or
rule of any agency or authority, or other person, association or entity, (iii)
do not conflict with or result in any breach or contravention of any provision
of law, statute, rule or regulation to which any Borrower is subject or any
judgment, order, writ, injunction, license or permit applicable to such
Borrower, (iv) do not conflict with any provision of the corporate charter or
bylaws of such Borrower, and (v) do not conflict with any provision of any
agreement or other instrument binding upon such Borrower in a manner which is
reasonably likely to have a materially adverse effect on the Borrowers taken as
a whole; and
(c) This Agreement, the Credit Agreement as amended hereby, and the
other Loan Documents constitute the legal, valid and binding obligations of the
Borrower, enforceable against the Borrower in accordance with their respective
terms, provided that (i) enforcement may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws of general application
affecting the rights and remedies of creditors, and (ii) enforcement may be
subject to general principles of equity, and the availability of the remedies
of specific performance and injunctive relief may be subject to the discretion
of the court before which any proceeding for such remedies may be brought.
(d) The Borrowers hereby confirm that the increase of the Total
Commitment to $274,000,000 and the reduction of the Term Loan to $161,000,000
is not prohibited by the terms of the Subordinated Debt.
8. EFFECTIVE DATE. Subject to the satisfaction of the conditions
precedent set forth in ss.6, the effective date for this Agreement shall be
November 2, 1998 (the "Effective Date"). Following the execution of this
Agreement, the addition of the New Lenders shall be recorded in the Register by
the Administrative Agent. SCHEDULE 1 to the Credit Agreement shall thereupon be
replaced as of the Effective Date by the new SCHEDULE 1 annexed hereto.
9. RIGHTS UNDER CREDIT AGREEMENT. Upon the Effective Date, each New
Lender shall be a party to the Credit Agreement and, to the extent provided in
this Agreement, have the rights and obligations of a Lender thereunder.
10. GOVERNING LAW. THIS AGREEMENT IS INTENDED TO TAKE EFFECT AS A
SEALED INSTRUMENT TO BE GOVERNED BY, AND CONSTRUED
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IN ACCORDANCE WITH, THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS (WITHOUT
REFERENCE TO CONFLICT OF LAWS).
11. COUNTERPARTS. This Agreement may be executed in any number of
counterparts and by each party on a separate counterpart, each of which when so
executed and delivered shall be an original, but all of which together shall
constitute one instrument. In proving this Agreement, it shall not be necessary
to produce or account for more than one such counterpart signed by the party
against whom enforcement is sought.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
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IN WITNESS WHEREOF, BKB, the Lenders, the Borrowers and the
Administrative Agent have duly executed this Agreement as of the date first
above written.
BANKBOSTON, N.A.,
individually and as Administrative Agent
By: /s/ Xxxxxxx X. Xxxxxxx
------------------------------------
Xxxxxxx X. Xxxxxxx, Director
CITICORP DEL-LEASE, INC.
By: /s/ Xxxxxx Xxxxxxxx, Xx.
------------------------------------
Name: Xxxxxx Xxxxxxxx, Xx.
Title: Vice President
ERSTE BANK DER OESTERREICHISCHEN
SPARKASSEN, AG
By: /s/ Xxxx X. Xxxxxxx
------------------------------------
Name: Xxxx X. Xxxxxxx
Title: First Vice President
By: /s/ Xxxx Xxx
------------------------------------
Name: Xxxx Xxx
Title: Assistant Vice President
FIRST SOURCE FINANCIAL LLP,
BY FIRST SOURCE FINANCIAL, INC., ITS
AGENT/ MANAGER
By: /s/ Xxxx X. Xxxxxxx
------------------------------------
Name: Xxxx X. Xxxxxxx
Title: Senior Vice President
UNION PLANTERS BANK
By: /s/ Xxx Xxxxxxxx
------------------------------------
Name: Xxx Xxxxxxxx
Title: Vice President
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LASALLE NATIONAL BANK,
individually and as Documentation Agent
By: /s/ Xxxx X. Xxxx
------------------------------------
Name: Xxxx X. Xxxx
Title: Vice President
THE FIFTH THIRD BANK OF COLUMBUS
By: /s/ Xxxxxxx X. Xxxxxx
------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Vice President
NATIONSBANK, N.A.,
individually and as Co-Agent
By: /s/ Xxxxxxx Xxxxxx
------------------------------------
Name: Xxxxxxx Xxxxxx
Title: Vice President
FLEET BANK, N.A.,
individually and as Co-Agent
By: /s/ Xxxxxxxxxxx Xxxxxxx
------------------------------------
Name: Xxxxxxxxxxx Xxxxxxx
Title: Vice President
HUNTINGTON NATIONAL BANK
By: /s/ Xxxx X. Xxxxxx
------------------------------------
Name: Xxxx X. Xxxxxx
Title: Vice President
COMERICA BANK
By: /s/ Xxx X. Xxxxx
------------------------------------
Name: Xxx X. Xxxxx
Title: Vice President
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NATIONAL CITY BANK
By: /s/ Xxxxxx X. Xxxxxxx
------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Vice President
DEUTSCHE BANK A.G., NEW YORK AND/OR
CAYMAN ISLAND BRANCH
By: /s/ Xxxx X. Xxxxxxxx
------------------------------------
Name: Xxxx X. Xxxxxxxx
Title: Vice President
By: /s/ Xxxxx X. Xxxxxxx
------------------------------------
Name: Xxxxx X. Xxxxxxx
Title: Director
FIRST UNION NATIONAL BANK
By: /s/ Xxxxxxxxx X. Xxxxx
------------------------------------
Name: Xxxxxxxxx X. Xxxxx
Title: Senior Vice President
USTRUST
By: /s/ Xxxxx Xxxxxx
------------------------------------
Name: Xxxxx Xxxxxx
Title: Vice President
BANKERS TRUST COMPANY
By: /s/ Xxxxxxxx Xxxxx
------------------------------------
Name: Xxxxxxxx Xxxxx
Title: Principal
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GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Xxxxx X. Xxxxx
------------------------------------
Name: Xxxxx X. Xxxxx
Title: Risk Manager
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THE BORROWERS:
NATIONSRENT, INC.
NATIONSRENT OF ALABAMA, INC.
NATIONSRENT OF FLORIDA, INC.
NATIONSRENT OF GEORGIA, INC.
NATIONSRENT OF INDIANA, INC.
NATIONSRENT OF KENTUCKY, INC.
NATIONSRENT OF LOUISIANA, INC.
NATIONSRENT OF MICHIGAN, INC.
NATIONSRENT OF OHIO, INC.
NATIONSRENT OF TENNESSEE, INC.
NATIONSRENT OF TEXAS, INC.
NATIONSRENT OF WEST VIRGINIA, INC.
A-ACTION RENTAL, INC.
A TO Z RENTS IT, INC.
A TO Z RENTS IT, INC. #2
THE XXXX-XXXX COMPANY
CENTRAL ALABAMA RENTAL
CENTER, INC.
XXXXXXX TRAILER
MANUFACTURING COMPANY, INC.
GOLD COAST AERIAL LIFT, INC.
HIGH REACH COMPANY, INC.
THE X. XXXXX CO., INC.
XXXXXXX EQUIPMENT CO.
SAM'S EQUIPMENT RENTAL, INC.
TITAN RENTALS, INC.
TENNESSEE TOOL AND SUPPLY, INC.
SOUTHEAST RENTAL & LEASING, INC.
By: /s/ Xxxxxxxx X. Xxxxx
------------------------------------
Name: Xxxxxxxx X. Xxxxx
Title: Vice President
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SCHEDULE 1
------------------------------------- ---------------------------- -----------------------------
REVOLVING CREDIT FACILITY TERM LOAN FACILITY
------------------------------------- ---------------------------- -----------------------------
COMMITMENT TERM LOAN
LENDER COMMITMENT PERCENTAGE TERM LOAN PERCENTAGE
===================================== ============ =============== ============== ==============
BANKBOSTON, N.A.
000 Xxxxxxx Xxxxxx, $35,000,000 12.7737226277% $106,500,000 66.1490683230%
Xxxxxx, XX 00000
Attn: Xxxxxxx Xxxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
LASALLE NATIONAL BANK
000 Xxxxx XxXxxxx Xxxxxx $35,000,000 12.7737226277% $0.00 0.00%
Xxxxxxx, XX 00000
Attn: Xxxxx Xxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
NATIONSBANK, N.A.
0 Xxxx Xxxxxxx Xxxx., 0xx Xxxxx $35,000,000 12.7737226277% $0.00 0.00%
Ft. Xxxxxxxxxx, XX 00000
Attn: Xxxxxxx Xxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
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FLEET BANK, N.A.
1185 Avenue of the Americas $25,000,000 9.1240875912% $0.00 0.00%
Xxx Xxxx, XX 00000
Attn: Xxxxxxxxxxx Xxxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
HUNTINGTON NATIONAL BANK
00 X. Xxxx Xxxxxx, 0xx xxxxx $20,000,000 7.2992700730% $0.00 0.00%
Xxxxxxxx, XX 00000
Attn: Xxxx Xxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
FIFTH THIRD BANK OF COLUMBUS
00 Xxxx Xxxxx Xxxxxx $15,000,000 5.0000000000% $0.00 0.00%
Xxxxxxxx, XX 00000
Attn: Xxxxxxx Xxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
COMERICA BANK
000 Xxxxxxxx Xxxxxx $15,000,000 5.0000000000% $0.00 0.00%
Xxxxxxx, XX 00000
Attn: Xxx Xxxxx
Telephone: 000-000-0000
Telecopier: 313-222-3330
------------------------------------- ------------ --------------- -------------- --------------
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FIRST UNION NATIONAL BANK
000 Xxxxx Xxxxxxx Xxxxxx, XX-0 $15,000,000 5.0000000000 $0.00 0.00%
Xxxxxxxxx, XX 00000-0000
Attn: Xxx Xxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
DEUTSCHE BANK A.G. / NEW YORK
AND/OR CAYMAN ISLAND BRANCH $15,000,000 5.0000000000% $0.00 0.00%
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, XX 00000
Attn: Xxxx Xxxxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
XXXXXXX
00 Xxxxx Xxxxxx $15,000,000 5.0000000000% $0.00 0.00%
Xxxxxx, XX 00000
Attn: Xxxxx Xxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
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BANKERS TRUST COMPANY
000 Xxxxxxx Xxxxxx, 00xx floor $10,000,000 3.6496350365% $0.00 0.00%
Xxx Xxxx, XX 00000
Attn: Xxxxx Xxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
NATIONAL CITY BANK
0000 X. 0xx Xxxxxx $10,000,000 3.6496350365% $4,000,000 2.4844720497%
Xxxxxxxxx, XX 00000
Attn: Xxxxxx Xxxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
GENERAL ELECTRIC CAPITAL CORPORATION
000 Xxxx Xxxxx Xxxx $15,000,000 5.0000000000% $5,000,000 3.1055900621%
Xxxxxxxx X, Xxxxx 0
Xxxxxxxx, XX 00000
Attn: Xxxxx Xxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
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CITICORP DEL-LEASE, INC.
000 Xxxxxxxxxx Xxx. $0.00 0.00% $25,000,000.00 15.5279503106%
Xxxxxxxx, XX 00000
Attn: Xxxx Xxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
ERSTE BANK DER OESTERREICHISCHEN
SPARKASSEN AG $4,000,000 1.4598540146% $8,000,000 4.9689440994%
000 Xxxx Xxxxxx
Xxxx Xxxxxxxx
Xxx Xxxx, XX 00000
Attn: Xxxx Xxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
FIRST SOURCE FINANCIAL LLP
00000 X. Xxxx Xxxx, 0xx Xxxxx $0.00 0.00% $12,500,000 7.7639751553%
Xxxxxxx Xxxxxxx, XX 00000
Attn: Xxxxxxx Xxxxxx
Telephone: 000-000-0000
Telecopier: 847-734-7910
------------------------------------- ------------ --------------- -------------- --------------
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UNION PLANTERS BANK
0000 X. Xxxxxxx Xxxx Xxxx. $10,000,000 3.6496350365% $0.00 0.00%
0xx Xxxxx
Xxxx Xxxxxxxxxx, XX 00000
Attn: Xxx Xxxxxxxx
Telephone: 000-000-0000
Telecopier: 000-000-0000
------------------------------------- ------------ --------------- -------------- --------------
TOTAL $274,000,000 100.00000000% $161,000,000 100.00000000%
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