CREDIT AGREEMENT Dated as of July 12, 2007 Among GRACO INC., THE BORROWING SUBSIDIARIES, as defined herein, THE BANKS, as defined herein, JPMORGAN CHASE BANK, as Syndication Agent, and WELLS FARGO BANK, NATIONAL ASSOCIATION as Documentation AgentCredit Agreement • July 18th, 2007 • Graco Inc • Pumps & pumping equipment • Minnesota
THIS REVOLVING CREDIT AGREEMENT, dated as of July 12, 2007, is by and between GRACO INC., a Minnesota corporation (the “Company”), the subsidiaries of the Company listed on the signature pages hereof or which from time to time become parties hereto pursuant to Section 2.9 (each a “Borrowing Subsidiary” and collectively the “Borrowing Subsidiaries”), the banks or financial institutions listed on the signature pages hereof or which hereafter become parties hereto by means of assignment and assumption as hereinafter described (individually referred to as a “Bank” or collectively as the “Banks”), U.S. BANK NATIONAL ASSOCIATION, a national banking association, as Lead Arranger and Administrative Agent (in such capacity, the “Agent”), JPMORGAN CHASE BANK, N.A., as Syndication Agent (in such capacity, the “Syndication Agent”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Documentation Agent (in such capacity, the “Documentation Agent”).
