CREDIT AGREEMENT by and among HAMPSHIRE GROUP, LIMITED as Parent, HAMPSHIRE DESIGNERS, INC., ITEM-EYES, INC. and SCOTT JAMES, LLC as Borrowers, THE LENDERS THAT ARE SIGNATORIES HERETO as the Lenders, and WELLS FARGO CAPITAL FINANCE, LLC as the Agent...Credit Agreement • March 21st, 2011 • Hampshire Group LTD • Knit outerwear mills • New York
Page CREDIT AGREEMENT 1 1. DEFINITIONS AND CONSTRUCTION. 1 1.1 Definitions 1 1.2 Accounting Terms 1 1.3 Code 1 1.4 Construction 1 1.5 Schedules and Exhibits 2 2. LOANS AND TERMS OF PAYMENT. 2 2.1 Revolver Advances. 2 2.2 [Reserved] 3 2.3 Borrowing Procedures and Settlements. 3 2.4 Payments; Reductions of Commitments; Prepayments. 8 2.5 Overadvances 11 2.6 Interest Rates and Letter of Credit Fee 11 2.7 Crediting Payments 12 2.8 Designated Account 12 2.9 Maintenance of Loan Account; Statements of Obligations 12 2.10 Fees 13 2.11 Letters of Credit. 13 2.12 LIBOR Option. 16 2.13 Capital Requirements 18 2.14 Joint and Several Liability of Borrowers 19 3. CONDITIONS; TERM OF AGREEMENT. 22 3.1 Conditions Precedent to the Initial Extension of Credit 22 3.2 Conditions Precedent to all Extensions of Credit 22 3.3 Maturity 22 3.4 Effect of Maturity 22 3.5 Early Termination by Borrower 22 3.6 Conditions Subsequent 22 4. REPRESENTATIONS AND WARRANTIES. 23 4.1 Due Organization and Qualification; Sub
CREDIT AGREEMENT AND GUARANTYCredit Agreement • March 21st, 2011 • Hampshire Group LTD • Knit outerwear mills • New York
Exhibit A.........Form of Pledge Agreement Exhibit B.........Form of Security Agreement Exhibit C.........Form of Trademark Security Agreement Exhibit D.........Form of Borrowing Notice Exhibit E.........Form of Borrowing Base Certificate Exhibit F.........Form of Note Exhibit G.........Form of Assignment and Acceptance Exhibit H.........Form of Intercompany Demand Note
SECOND AMENDED AND RESTATED CREDIT AGREEMENT AND GUARANTY dated as of August 7, 2009 among HAMPSHIRE GROUP, LIMITED, as Borrower, HAMPSHIRE GROUP, LIMITED, HAMPSHIRE DESIGNERS, INC., and ITEM-EYES, INC., as Letter of Credit Account Parties, HAMPSHIRE...Credit Agreement • March 21st, 2011 • Hampshire Group LTD • Knit outerwear mills • New York
SECOND AMENDED AND RESTATED CREDIT AGREEMENT AND GUARANTY dated as of August 7, 2009, among HAMPSHIRE GROUP, LIMITED, (“Borrower”), HAMPSHIRE DESIGNERS, INC., (“Designers”) and ITEM-EYES, INC. (“Item-Eyes”), HSBC BANK USA, NATIONAL ASSOCIATION, (“HSBC”), and the other financial institutions which are now or which hereafter become a party hereto (individually a “Bank” and collectively the “Banks”), HSBC as Letter of Credit Issuing Bank for all Letters of Credit, and HSBC, as administrative agent and sole lead arranger for the Banks (in such capacity, together with any successors in such capacity, the “Agent”).
AMENDMENT NO. 1 to SECOND AMENDED AND RESTATED CREDIT AGREEMENT AND GUARANTYCredit Agreement • March 21st, 2011 • Hampshire Group LTD • Knit outerwear mills • New York
This AMENDMENT NO. 1 dated as of May 7, 2010 (this “Amendment”) is by and among HAMPSHIRE GROUP, LIMITED (“Borrower”), HAMPSHIRE DESIGNERS, INC. (“Designers”), ITEM-EYES, INC. (“Item-Eyes”, together with Designers, the “Guarantors”), the financial institutions party hereto (the “Banks”) and HSBC Bank USA, National Association, as the Agent for the Banks (the “Agent”).
