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Amendment No. 5 To Business Loan Agreement

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EXHIBIT 10.22


Bank of America ================================================================================


Amendment to Documents


AMENDMENT NO. 5 TO BUSINESS LOAN AGREEMENT


This Amendment No. 5 (the "Amendment") dated as of December 13, 2000, is between Bank of America, N.A. (the "Bank") and IMPCO Technologies, Inc. (the "Borrower").


RECITALS
--------


A. The Bank and the Borrower entered into a certain Business Loan Agreement dated as of September 13, 1999, as previously amended (the "Agreement").


B. The Bank and the Borrower desire to restructure the term loans outstanding under Facility No. 3, Facility No. 4, and Facility No. 6 of the Agreement into a single term loan under Facility No. 2 of the Agreement and to revise the payment schedule accordingly.


C. The Bank and the Borrower also desire to add a new non-revolving facility to the Agreement as a new Article 3 of the Agreement.


AGREEMENT
---------


1. Definitions. Capitalized terms used but not defined in this
----------- Amendment shall have the meaning given to them in the Agreement.


2. Amendments. The Agreement is hereby amended as follows:
----------
2.1 In Paragraph 1.1(a) of the Agreement is amended to read in its
entity as follows:


"(a) During the availability period described below, the Bank
will provide a line of credit to the Borrower. The amount of
the line of credit (the "Facility No. 1 Commitment") is Ten
Million Dollars ($10,000,000)."


2.2 Article 2 through Article 6 of the Agreement are amended in their
entirety as follows:


"2. FACILITY NO. 2: TERM LOAN AMOUNT AND TERMS.


2.1 Outstanding Term Loans. There are outstanding from the
Bank to the Borrower the following term loans:


Original Amount Obligation Number Amount Outstanding
--------------- ----------------- ------------------
$3,992,520.78 265 $1,831,260.78
$ 911,500.00 448 $ 273,500.00
$5,000,000.00 513 $5,000,000.00
-------------
Total $7,104,760.78
-------------


The combined principal balance of these term loans shall be
subject to the terms and conditions of this Article 2.


2.2 Interest Rate. Unless the Borrower elects an optional
interest rate as described below, the interest rate is the
Bank's Prime Rate minus 2.0 percent point(s).


1


2.3 Repayment Terms.


(a) The Borrower will pay interest on December 31, 2000, and then
monthly thereafter until payment in full of any principal
outstanding under this line of credit.


(b) The Borrower will repay principal in twenty (20) successive
quarterly installments of Three Hundred Fifty Five Thousand Two
Hundred Thirty Eight Dollars ($355,238) starting December 31,
2000. On September 30, 2005, the Borrower will repay the
remaining principal balance plus any interest then due.


(c) The Borrower may prepay the loan in full or in part at any time.
The prepayment will be applied to the most remote payment of
principal due under this Agreement.


2.4 Optional Interest Rates. Instead of the interest rate based on
the Bank's Prime Rate, the Borrower may elect the optional
interest rates listed below for this Facility No. 2 during
interest periods agreed to by the Bank and the Borrower. The
optional interest rates shall be subject to the terms and
conditions described later in this Agreement. Any principal
amount bearing interest at an optional rate under this Agreement
is referred to as a "Portion." The following optional interest
rates are available:


(a) the IBOR Rate plus 0.5 percentage points.


(b) the LIBOR Rate plus 0.5 percentage points.


3. FACILITY NO. 3: NON-REVOLVING LINE OF CREDIT AMOUNT AND TERMS.


3.1 Line of Credit Amount.


(a) During the availability period described below, the Bank will
provide a line of credit to the Borrower. The amount of the
line of credit (the "Facility No. 3 Commitment") is Five Million
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