Exhibit 10.180
AMENDED AND RESTATED REVOLVING CREDIT NOTE
$15,000,000 New York, New York
November 13, 2001
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 (formerly
known as The Chase Manhattan 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) FIFTEEN
MILLION DOLLARS ($15,000,000), 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 (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 Agreement, and
is subject to optional and mandatory prepayment as set forth in the Credit
Agreement. Any amounts owing under the Revolving Credit Note dated as of January
28, 1998 and originally issued under the Credit Agreement, which this Note
replaces and is substituted, 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 REVOLVING CREDIT NOTE
LOANS, CONVERSIONS AND PAYMENTS OF ABR LOANS
===============================================================================================================================
Amount of Amount of Unpaid
ABR Loans Eurodollars Loans Principal
Amount of Amount of Converted to Converted to Balance of Notation
Date ABR Loans Principal Repaid Eurodollar Loans ABR Loans ABR Loans Made By
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
===============================================================================================================================
SCHEDULE 2
TO REVOLVING CREDIT NOTE
LOANS, CONVERSIONS AND PAYMENTS OF EURODOLLAR LOANS
============================================================================================================================
Amount of Amount of Unpaid
Amount of Amount of Eurodollar Loans ABR Loans Principal
Eurodollar Principal Converted to Converted to Balance of Notation
Date Loans Repaid ABR Loans Eurodollar Loans Eurodollar Loans Made By
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
============================================================================================================================
SCHEDULE 3
TO REVOLVING CREDIT NOTE
LOANS, CONVERSIONS AND PAYMENTS OF FIXED RATE LOANS
====================================================================================================================================
Amount of Amount of
Amount of Amount of Fixed Rate Eurodollar Unpaid
Fixed Rate ABR Loans Loans Loans Principal
Amount of Amount of Loans Converted to Converted to Converted to Balance of
Fixed Rate Principal Converted to Fixed Rate Eurodollar Fixed Rate Fixed Rate Notation
Date Loans Repaid ABR Loans Loans Loans Loans Loans Made By
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
