Loan AgreementLoan Agreement • November 7th, 2013 • Weyco Group Inc • Wholesale-apparel, piece goods & notions
THIS LOAN AGREEMENT (the “Agreement”), is entered into as of November 5, 2013, between WEYCO GROUP, INC., a Wisconsin corporation (the “Borrower”), with an address at 333 West Estabrook Boulevard, Glendale, Wisconsin 53212, and PNC BANK, NATIONAL ASSOCIATION (the “Bank”), with an address at 411 East Wisconsin Avenue, Suite 1400, Milwaukee, Wisconsin 53202.
Committed Line of Credit NoteWeyco Group Inc • November 7th, 2013 • Wholesale-apparel, piece goods & notions
FOR VALUE RECEIVED, WEYCO GROUP, INC., a Wisconsin corporation (the “Borrower”), with an address at 333 West Estabrook Boulevard, Glendale, Wisconsin 53212, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), in lawful money of the United States of America in immediately available funds at its offices located at 411 East Wisconsin Avenue, Suite 1400, Milwaukee, Wisconsin 53202, or at such other location as the Bank may designate from time to time, the principal sum of SIXTY MILLION AND 00/100 DOLLARS ($60,000,000.00) (the “Facility”) or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.
