CREDIT AND SECURITY AGREEMENT BY AND AMONG PROFESSIONAL VETERINARY PRODUCTS, LTD. a Nebraska corporation EXACT LOGISTICS, LLC a Nebraska limited liability company PROCONN, LLC a Nebraska limited liability company AND WELLS FARGO BANK, NATIONAL...Credit and Security Agreement • March 17th, 2010 • Professional Veterinary Products LTD /Ne/ • Wholesale-durable goods, nec • Minnesota
PROFESSIONAL VETERINARY PRODUCTS, LTD., a Nebraska corporation (“PVP”), EXACT LOGISTICS, LLC, a Nebraska limited liability company (“Exact”), PROCONN, LLC, a Nebraska limited liability company (“ProConn”; together with PVP: and Exact, jointly and severally, the “Borrower”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (as more fully defined in Article I herein, the “Lender”) acting through its Wells Fargo Business Credit operating division, hereby agree as follows:
REVOLVING NOTERevolving Note • March 17th, 2010 • Professional Veterinary Products LTD /Ne/ • Wholesale-durable goods, nec
This Revolving Note is the Revolving Note referenced in the Credit Agreement, and is subject to the terms of the Credit Agreement, which provides, among other things, for acceleration hereof upon the occurrence of an Event of Default. Principal and interest due hereunder shall be payable as provided in the Credit Agreement, and this Revolving Note may be prepaid only in accordance with the terms of the Credit Agreement. This Revolving Note is secured, among other things, pursuant to the Credit Agreement and the Security Documents as therein defined, and may now or hereafter be secured by one or more other security agreements, mortgages, deeds of trust, assignments or other instruments or agreements.
