CREDIT AGREEMENT dated as of December 3, 2014, by and among COPART, INC., as Borrower, the Lenders referred to herein, as Lenders, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Swingline Lender and Issuing Lender, and BANK OF...Credit Agreement • December 4th, 2014 • Copart Inc • Retail-auto dealers & gasoline stations • New York
CREDIT AGREEMENT, dated as of December 3, 2014, by and among COPART, INC., a Delaware corporation, as Borrower, the lenders who are party to this Agreement and the lenders who may become a party to this Agreement pursuant to the terms hereof, as Lenders, and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as Administrative Agent for the Lenders.
COPART, INC. $100,000,000 4.07% Senior Notes, Series A, due December 3, 2024 $100,000,000 4.19% Senior Notes, Series B, due December 3, 2026 $100,000,000 4.25% Senior Notes, Series C, due December 3, 2027 $100,000,000 4.35% Senior Notes, Series D, due...Note Purchase Agreement • December 4th, 2014 • Copart Inc • Retail-auto dealers & gasoline stations • New York
FOR VALUE RECEIVED, the undersigned, Copart, Inc. (herein called the “Company”), a corporation organized and existing under the laws of the State of Delaware, hereby promises to pay to [____________], or registered assigns, the principal sum of [_____________________] DOLLARS (or so much thereof as shall not have been prepaid) on December 3, 2029 (the “Maturity Date”), with interest (computed on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance hereof at the rate of 4.35% per annum from the date hereof, payable quarterly, on the third day of March, June, September and December in each year, commencing with the March, June, September or December next succeeding the date hereof, and on the Maturity Date, until the principal hereof shall have become due and payable, and (b) to the extent permitted by law, (x) on any overdue payment of interest and (y) during the continuance of an Event of Default, on such unpaid balance and on any overdue payment of any Make-W
SECURITY AGREEMENTSecurity Agreement • December 4th, 2014 • Copart Inc • Retail-auto dealers & gasoline stations • New York
This SECURITY AGREEMENT (as amended, restated, modified or otherwise supplemented from time to time, this “Agreement”), dated as of December 3, 2014, among the Persons listed on the signature pages hereof as “Grantors” and those additional entities that hereafter become parties hereto by executing the form of Joinder attached hereto as Annex 1 (each, a “Grantor” and collectively, the “Grantors”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, in its capacity as collateral agent pursuant to the Intercreditor Agreement (as defined below) for the Lenders, the Hedge Banks (as defined below), the Cash Management Banks (as defined below), the Noteholders (as defined below) and the Additional Pari Passu Lenders (in such capacity, “Collateral Agent”).
