COLONIAL REVOLVER NOTEAmericas Carmart Inc • December 7th, 2018 • Retail-auto dealers & gasoline stations • California
Company FiledDecember 7th, 2018 Industry JurisdictionCOLONIAL AUTO FINANCE, INC., an Arkansas corporation (“Borrower”), for value received, hereby unconditionally promise to pay to the order of FIRST TENNESSEE BANK, NATIONAL ASSOCIATION (“Lender”), the principal sum of TWENTY-EIGHT MILLION SEVEN HUNDRED FIFTY THOUSAND DOLLARS ($28,750,000), or such lesser amount as may be advanced by Lender as Colonial Revolver Loans and owing as LC Obligations from time to time under the Loan Agreement described below, together with all accrued and unpaid interest thereon. Terms are used herein as defined in the Second Amended and Restated Loan and Security Agreement dated as of December 12, 2016, among Borrower, America’s Car Mart, Inc., an Arkansas corporation, Texas Car-Mart, Inc., a Texas corporation, America’s Car-Mart, Inc., a Texas corporation, Bank of America, N.A., as Agent, Lead Arranger and Book Manager, Lender, and certain other financial institutions, as such agreement may be amended, modified, renewed or extended from time to time (the “Lo
COLONIAL REVOLVER NOTEAmericas Carmart Inc • December 7th, 2018 • Retail-auto dealers & gasoline stations • California
Company FiledDecember 7th, 2018 Industry JurisdictionCOLONIAL AUTO FINANCE, INC., an Arkansas corporation (“Borrower”), for value received, hereby unconditionally promise to pay to the order of COMMERCE BANK (“Lender”), the principal sum of NINETEEN MILLION TWO HUNDRED THOUSAND DOLLARS ($19,200,000), or such lesser amount as may be advanced by Lender as Colonial Revolver Loans and owing as LC Obligations from time to time under the Loan Agreement described below, together with all accrued and unpaid interest thereon. Terms are used herein as defined in the Second Amended and Restated Loan and Security Agreement dated as of December 12, 2016, among Borrower, America’s Car Mart, Inc., an Arkansas corporation, Texas Car-Mart, Inc., a Texas corporation, America’s Car-Mart, Inc., a Texas corporation, Bank of America, N.A., as Agent, Lead Arranger and Book Manager, Lender, and certain other financial institutions, as such agreement may be amended, modified, renewed or extended from time to time (the “Loan Agreement”).