March 30, 2007Applied Industrial Technologies Inc • May 4th, 2007 • Wholesale-machinery, equipment & supplies • Illinois
Reference is made to that certain Private Shelf Agreement dated as of November 27, 1996 (as amended prior to the date hereof, the “Agreement”) between Applied Industrial Technologies, Inc., an Ohio corporation formerly known as Bearings, Inc. (the “Company”), and Prudential Investment Management, Inc. (“Prudential”), pursuant to which the Company issued and sold and Prudential purchased the Company’s 6.60% Series B Notes in the original aggregate principal amount of $50,000,000, due December 8, 2007. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
