Line of Credit NoteLine of Credit Note • March 31st, 2009 • Flexsteel Industries Inc • Household furniture
Promise to Pay. On or before September 30, 2011, for value received, Flexsteel Industries, Inc. (the “Borrower”) promises to pay to JPMorgan Chase Bank, N.A., whose address is 1 East Ohio Street, Indianapolis, IN 46277 (the “Bank”) or order, in lawful money of the United States of America, the sum of Ten Million and 00/100 Dollars ($10,000,000.00) or so much thereof as may be advanced and outstanding, plus interest on the unpaid principal balance as provided below.
Continuing Security AgreementContinuing Security Agreement • March 31st, 2009 • Flexsteel Industries Inc • Household furniture
Grant of Security Interest. Flexsteel Industries, Inc. (whether one or more, the “Borrower”, individually and collectively if more than one) grants to JPMorgan Chase Bank, N.A., whose address is 1 East Ohio Street, Indianapolis, IN 46277 (together with its successors and assigns, the “Bank”) a continuing security interest in, pledges and assigns to the Bank all of the Collateral (as hereinafter defined) owned by the Borrower, all of the collateral in which the Borrower has rights or power to transfer rights and all Collateral in which the Borrower later acquires ownership, other rights or rights or power to transfer rights to secure the payment and performance of the Liabilities.
Amendment to Credit AgreementCredit Agreement • March 31st, 2009 • Flexsteel Industries Inc • Household furniture • Indiana
This agreement is dated as of March 27, 2009, by and between Flexsteel Industries, Inc. (the “Borrower”) and JPMorgan Chase Bank, N.A. (together with its successors and assigns the “Bank”). The provisions of this agreement are effective on the date that this agreement has been executed by all of the signers and delivered to the Bank (the “Effective Date”).
