REVOLVING NOTERevolving Note • November 17th, 2011 • Daktronics Inc /Sd/ • Miscellaneous manufacturing industries
FOR VALUE RECEIVED, Daktronics, Inc., a South Dakota corporation (“Borrower”), hereby promises to pay to the order of Bank of America, N.A., a national banking association, 317 – 6th Avenue, Des Moines, Iowa 50309 (“Lender), at or at such other place as Lender may from time to time designate in writing, in lawful money of the United States of America, the principal sum of Twenty Million and No/100 Dollars ($20,000,000.00) or so much thereof as may be advanced hereunder and to pay interest on the outstanding principal balance hereof from time to time at a fluctuating rate tied to the One-Month Reserve Adjusted Reuters London Inter-Bank Offering Rate (“LIBOR”), as determined on the first Business Day of each month, plus 1.50%. Any principal of, and to the extent permitted by applicable law, any interest on this Note, which is not paid when due shall bear interest, from the date due until paid, at a rate per annum equal to the non-default rate plus 4%.
SECOND AMENDMENT TO LOAN AGREEMENTLoan Agreement • November 17th, 2011 • Daktronics Inc /Sd/ • Miscellaneous manufacturing industries
THIS SECOND AMENDMENT TO LOAN AGREEMENT (“Second Amendment”), is made and entered into as of this 15th day of November, 2011, by and between Daktronics, Inc. (“Borrower”) and Bank of America, N.A. (“Lender”).
TENTH AMENDMENT TO LOAN AGREEMENTLoan Agreement • November 17th, 2011 • Daktronics Inc /Sd/ • Miscellaneous manufacturing industries
This Tenth Amendment to Loan Agreement is made and entered into effective the 15th day of November, 2011, by and between U.S. Bank National Association, a national banking association, with an address of 141 North Main Avenue, Post Office Box 5308, Sioux Falls, South Dakota 57117-5308 (“Lender”) and Daktronics, Inc., a South Dakota corporation, with an address of 331 - 32nd Avenue, Brookings, South Dakota 57006 (“Borrower”).
FIRST AMENDMENT TO LOAN AGREEMENTLoan Agreement • November 17th, 2011 • Daktronics Inc /Sd/ • Miscellaneous manufacturing industries
THIS FIRST AMENDMENT TO LOAN AGREEMENT (“First Amendment”), is made and entered into as of this 1st day of February, 2011, by and between Daktronics, Inc. (“Borrower”) and Bank of America, N.A. (“Lender”).
RENEWAL REVOLVING NOTERenewal Revolving Note • November 17th, 2011 • Daktronics Inc /Sd/ • Miscellaneous manufacturing industries
FOR VALUE RECEIVED, Daktronics, Inc., a South Dakota corporation ("Borrower"), promises to pay to U.S. Bank National Association, a national banking association ("Lender", which term shall include any future holder hereof), at 141 North Main Avenue, Post Office Box 5308, Sioux Falls, South Dakota 57117-5308 or at such other place as Lender may from time to time designate in writing, the principal sum of Thirty-five Million and No/100 Dollars ($35,000,000.00) or so much thereof as may be advanced hereunder and to pay interest on the outstanding principal balance hereof from time to time at a daily fluctuating rate tied to the One-Month Reserve Adjusted Reuters London Inter-Bank Offering Rate ("LIBOR"), with the rate tiers determined on the last day of each fiscal quarter of Borrower's accounting year, and based upon the following rate tiers:
LOAN AGREEMENTLoan Agreement • November 17th, 2011 • Daktronics Inc /Sd/ • Miscellaneous manufacturing industries • South Dakota
This Loan Agreement dated as of December 23, 2010, is by and between Daktronics, Inc., a South Dakota corporation (the “Borrower”), and Bank of America, N.A., a national banking association (the “Lender”).
