CREDIT AGREEMENT dated as of June 30, 2014, by and among TWIN DISC, INCORPORATED and TWIN DISC INTERNATIONAL, S.A., as Borrowers, and WELLS FARGO BANK, NATIONAL ASSOCIATION as LenderCredit Agreement • July 3rd, 2014 • Twin Disc Inc • General industrial machinery & equipment • New York
Page ARTICLE I DEFINITIONS 1 SECTION 1.1 Definitions. 1 SECTION 1.2 Other Definitions and Provisions. 20 SECTION 1.3 Accounting Terms. 20 SECTION 1.4 Rounding. 21 SECTION 1.5 References to Agreement and Laws. 21 SECTION 1.6 Times of Day. 22 SECTION 1.7 Letter of Credit Amounts. 22 SECTION 1.8 Foreign Currencies. 22 SECTION 1.9 Appointment of Parent as Agent. 23 ARTICLE II REVOLVING CREDIT FACILITY 23 SECTION 2.1 Loans. 23 SECTION 2.2 [Intentionally Omitted]. 23 SECTION 2.3 Procedure for Advances of Loans. 23 SECTION 2.4 Repayment and Prepayment of Loans. 25 SECTION 2.5 Permanent Reduction of the Revolving Credit Commitment. 27 SECTION 2.6 Termination of Revolving Credit Facility. 27 ARTICLE III LETTER OF CREDIT FACILITY 27 SECTION 3.1 L/C Commitment. 27 SECTION 3.2 Procedure for Issuance of Letters of Credit. 28 SECTION 3.3 Commissions and Other Charges. 28 SECTION 3.4 [Intentionally Omitted] 29 SECTION 3.5 Reimbursement Obligations of Parent. 29 SECTION 3.6 Obligations Absolute. 29 SE
AMENDED AND RESTATED NOTE PURCHASE AND PRIVATE SHELF AGREEMENT and PRIVATE SHELF FACILITY Dated as of June 30, 2014Note Purchase and Private Shelf Agreement • July 3rd, 2014 • Twin Disc Inc • General industrial machinery & equipment • New York
