Exhibit 10.1
ELEVENTH AMENDMENT TO CREDIT
AGREEMENT
THIS ELEVENTH AMENDMENT TO CREDIT
AGREEMENT (“this
Amendment”) dated as of December 8, 2006, is entered
into by ALABAMA NATIONAL BANCORPORATION , a Delaware
corporation (the “Borrower”) and REGIONS BANK ,
an Alabama banking corporation as successor by merger to AmSouth
Bank, an Alabama banking corporation (the
“Lender”).
Recitals
A. The Borrower and the Lender have
entered into a Credit Agreement dated as of December 29, 1995
as amended by a First Amendment thereto dated as of
January 20, 1997, a Second Amendment thereto dated as of
January 19, 1998, a Third Amendment thereto dated as of
May 31, 1999, a Fourth Amendment thereto dated as of
May 31, 2000, a Fifth Amendment thereto dated as of
May 31, 2001, a Sixth Amendment thereto dated as of
May 31, 2002, a Seventh Amendment thereto dated as of
May 31, 2003, an Eighth Amendment thereto dated as of
May 31, 2004, a Ninth Amendment thereto dated as of
May 31, 2005 and a Tenth Amendment dated as of April 3,
2006 (as so amended, the “Agreement”).
B. In connection with an increase in
the principal amount of the Note (as defined in the Agreement), the
Borrower and the Lender now desire to further amend the Agreement
by making the changes set forth in this Amendment.
Agreement
NOW, THEREFORE
, in consideration of the recitals
and the mutual obligations and covenants contained herein, the
Borrower and the Lender hereby agree as follows:
1. Capitalized terms used in this
Amendment and not otherwise defined herein have the respective
meanings attributed thereto in the Agreement.
2. The defined term “Maximum
Credit Amount” set forth in Article I of the Agreement is
hereby further amended to read, in its entirety, as
follows:
“ Maximum Credit Amount
” means $20,000,000.
3. The reference in Section 2.1
of the Agreement to the figure “$10,000,000” is hereby
amended to read “$20,000,000”.
4. Notwithstanding the execution of
this Amendment, all of the indebtedness
