EX-10.193 5 d54858_ex10-193.txt CREDIT NOTE Exhibit 10.193 SECOND AMENDED AND RESTATED REVOLVING CREDIT NOTE $12,000,000 New York, New York As of December 31, 2002 FOR VALUE RECEIVED, the undersigned, KINRO, INC., an Ohio corporation, LIPPERT TIRE & AXLE, INC., a Delaware corporation, and LIPPERT COMPONENTS, INC., a Delaware corporation (the "Borrowers"), hereby jointly and severally, unconditionally promise to pay to the order of KeyBank National Association (the "Lender"), at the office of JPMorgan Chase Bank (the "Administrative Agent") at One Chase Manhattan Tower, New York, New York 10081 on the Maturity Date in lawful money of the United States of America and in immediately available funds, the principal amount of (a) TWELVE MILLION DOLLARS ($12,000,000) or, if less, (b) the aggregate unpaid principal amount of all Revolving Loans made by the Lender pursuant to the Credit Agreement (referred to below). The Borrowers further agree, jointly and severally, to pay interest on the unpaid principal amount outstanding hereunder from time to time from the date hereof in like money at such office at the rates and on the dates specified in the Credit Agreement. The holder of this Note is authorized to record on the schedule annexed hereto or on a continuation thereof the date, Type and amount of each Loan made pursuant to the Credit Agreement, each continuation thereof, each conversion of all or a portion thereof to another Type, the date and amount of each payment or repayment of principal thereof and, in the case of Eurodollar Loans or Fixed Rate Loans, the length of each Interest Period with respect thereto; provided, however, that the failure to make any such recordation shall not affect the obligations of the Borrowers in respect of such Loans. This Note is one of the Revolving Credit Notes referred to in the Credit Agreement dated as of January 28, 1998, as amended and restated as of November 13, 2001 and as further amended as of February 15, 2002 and as of December 31, 2002 (as so amended, the "Credit Agreement") among the Borrowers, the Lenders party thereto and JPMorgan Chase Bank as Administrative Agent, is secured as provided therein and in the Security Documents, is entitled to the benefits of the Guarantee Agreements as provided in the Credit Agreement and the Guarantee Agreements, and is subject to optional and mandatory prepayment as set forth in the Credit Agreement. Any amounts owing under the Amended And Restated Revolving Credit Note dated as of November 13, 2001 and issued under the Credit Agreement, which this Note replaces and is substituted for, shall continue to be owing under this Note in all respects. Upon the occurrence of any one or more of the Events of Default specified in the Credit Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable, all as provided in the Credit Agreement. All parties now and hereafter liable with respect to this Note, whether maker, principal, surety, guarantor, endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind. Terms defined in the Credit Agreement are used herein with their defined meanings unless otherwise defined herein. This Note shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York. KINRO, INC. By:___________________________________ Name: Title: LIPPERT TIRE & AXLE, INC. By:___________________________________ Name: Title: LIPPERT COMPONENTS, INC. By:___________________________________ Name: Title: 2 SCHEDULE 1 TO SECOND AMENDED AND RESTATED REVOLVING CREDIT NOTE LOANS, CONVERSIONS AND PAYMENTS OF ABR LOANS
============================================================================================================= Amount of Amount of ABR Loans Eurodollars Unpaid Amount of Converted to Loans Principal Amount of Principal Eurodollar Converted to Balance of Notation Date ABR Loans Repaid Loans ABR Loans ABR Loans Made By ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- =============================================================================================================
SCHEDULE 2 TO SECOND AMENDED AND RESTATED REVOLVING CREDIT NOTE LOANS, CONVERSIONS AND PAYMENTS OF EURODOLLAR LOANS
============================================================================================================= Amount of Unpaid Eurodollar Amount of Principal Amount of Amount of Loans ABR Loans Balance of Eurodollar Principal Converted to Converted to Eurodollar Notation Date Loans Repaid ABR Loans Eurodollar Loans Loans Made By ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- =============================================================================================================
SCHEDULE 3 TO SECOND AMENDED AND RESTATED REVOLVING CREDIT NOTE LOANS, CONVERSIONS AND PAYMENTS OF FIXED RATE LOANS
================================================================================================================== Amount of Amount of Fixed Rate Amount of Fixed Rate Amount of Loans Eurodollar Unpaid Loans ABR Loans Converted Loans Principal Amount of Amount of Converted Converted to Converted Balance Fixed Rate Principal to ABR to Fixed Eurodollar to Fixed of Fixed Notation Date Loans Repaid Loans Rate Loans Loans Rate Loans Rate Loans Made By ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ ==================================================================================================================