CREDIT AGREEMENT Meadowbrook Insurance Group, Inc., as the Borrower Bank of America, N.A., as Administrative Agent and L/C Issuer KeyBank National Association, JPMorgan Chase Bank, N.A. and RBS Citizens, N.A., as Co- Syndication Agents The other...Credit Agreement • July 31st, 2008 • Meadowbrook Insurance Group Inc • Fire, marine & casualty insurance • Michigan
This CREDIT AGREEMENT (“Agreement”) is entered into as of July 31, 2008, among MEADOWBROOK INSURANCE GROUP, INC., a Michigan corporation (the “Borrower”), Meadowbrook Inc., a Michigan corporation (“Meadowbrook Inc.”), Crest Financial Corporation, a Nevada corporation (“Crest Financial” and together with Meadowbrook Inc., collectively, the “Guarantors” and individually, a “Guarantor”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and BANK OF AMERICA, N.A., as Administrative Agent and L/C Issuer.
REVOLVING CREDIT NOTERevolving Credit Note • July 31st, 2008 • Meadowbrook Insurance Group Inc • Fire, marine & casualty insurance
FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to RBS CITIZENS, NATIONAL ASSOCIATION, D/B/A CHARTER ONE or registered assigns (the “Lender”), in accordance with the provisions of the Agreement (as hereinafter defined), the principal amount of each Revolving Credit Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement, dated as of July 31, 2008 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among the Borrower, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent and L/C Issuer.
TERM NOTETerm Note • July 31st, 2008 • Meadowbrook Insurance Group Inc • Fire, marine & casualty insurance
FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to RBS CITIZENS, NATIONAL ASSOCIATION, D/B/A CHARTER ONE or registered assigns (the “Lender”), in accordance with the provisions of the Agreement (as hereinafter defined), the principal amount of the Term Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement, dated as of July 31, 2008 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among the Borrower, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent and L/C Issuer.
