SECOND AMENDMENT TO CREDIT AGREEMENT
SECOND AMENDMENT TO CREDIT AGREEMENT
This Second Amendment to Credit Agreement ("Amendment") is entered into as of March 30, 2006 by and between SBS Technologies, Inc., a New Mexico corporation ("Borrower") and Xxxxx Fargo Bank, National Association ("Bank").
RECITALS
- Borrower and Bank entered into a Credit Agreement ("Agreement") as of March 30, 2005.
- Borrower and Bank wish to amend the Credit Agreement to allow the renewal of the Line of Credit Note.
- All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Agreement.
- Section 1.1(a) shall be amended by deleting the last sentence and substituting the following sentence:
- Except as specifically provided herein, all of the terms and conditions contained in the Agreement shall remain unchanged, in full force and effect and are hereby ratified.
NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Bank and Borrower agree as follows:
Borrower's obligation to repay advances under the line of credit shall be evidenced by a Promissory Note dated the same date as this Amendment, together with all extensions, renewals, and modifications thereof (the "Line of Credit Note"), all of the terms of which are incorporated herein by this reference.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the day and year Second written above.
SBS TECHNOLOGIES, INC., a New Mexico corporation
By: /S/ Xxxxx X. Xxxxx
Name: Xxxxx X. Xxxxx
Title: Executive Vice President and CFO
XXXXX FARGO BANK, National Association
By: /S/ Xxxxxx X. Xxxxxxx
Name: Xxxxxx X. Xxxxxxx
Title: Vice President