AMENDMENT NO. 2 TO CREDIT AGREEMENT AND WAIVERCredit Agreement • May 14th, 2002 • Astec Industries Inc • Construction machinery & equip • Illinois
This Amendment and Waiver (this "Amendment") is entered into as of May13, 2002, by and among Astec Industries, Inc., a Tennessee corporation ("Astec"), Astec Financial Services, Inc., a Tennessee corporation ("AFS" and together with Astec, the "Borrowers"), Bank One, NA, individually and as agent ("Agent"), and the other financial institutions signatory hereto.
Second Amendment Agreement toSecond Amendment Agreement • May 14th, 2002 • Astec Industries Inc • Construction machinery & equip • Illinois
Reference is made to (i) the separate Note Purchase Agreements each dated as of September 10, 2001 as amended by the First Amendment Agreement dated as of March 12, 2002, (the "First Amendment Agreement") among the Obligors (defined below) and each of you (the "Existing Note Purchase Agreements" and, as amended hereby, the "Note Purchase Agreements"), among Astec Industries, Inc., a Tennessee corporation (the "Company"), Astec Financial Services, Inc., a Tennessee corporation ("Financial" and, together with the Company, the "Obligors"), and the holders named on Schedule A attached thereto, respectively, (ii) the $80,000,000 aggregate principal amount of 7.56% Senior Secured Notes due September 10, 2011 of the Obligors, as amended by the First Amendment (the "Existing Notes" and, as amended hereby, the "Notes") and (iii) the Pledge Agreement dated as of September 10, 2001 between the Company and the Collateral Agent (the "Pledge Agreement").
SECURITY AGREEMENTSecurity Agreement • May 14th, 2002 • Astec Industries Inc • Construction machinery & equip • Illinois
THIS PLEDGE AND SECURITY AGREEMENT is entered into as of May 13, 2002, by and among Astec Industries, Inc., a Tennessee corporation ("Astec"), Astec Financial Services, Inc., a Tennessee corporation ("AFS"; each of AFS and Astec being a "Borrower" and collectively constituting the "Borrowers"), the other Credit Parties (as defined below and together with the Borrowers, the "Grantors") and Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its capacity as collateral agent (the "Collateral Agent").
