Exhibit 10.1
AMENDMENT NO. 1 TO AMENDED AND
RESTATED
REVOLVING CREDIT
AGREEMENT
Dated as of November 21,
2006
THIS AMENDMENT NO. 1 TO AMENDED AND
RESTATED REVOLVING CREDIT AGREEMENT (“ Amendment No. 1
”) is by and among FIRST COMMUNITY BANCORP , a
corporation formed under the laws of the State of California
(“ Borrower ”), and U.S. BANK NATIONAL
ASSOCIATION , a national banking association (“
Lender ”), with a banking office at 777 East Wisconsin
Avenue, Milwaukee, Wisconsin 53202, and it amends and supplements
that certain Amended and Restated Revolving Credit Agreement, dated
as of August 3, 2006 (as amended to date, and as it may be further
amended, restated or otherwise modified from time to time,
the “ Credit Agreement ”), by and between
Borrower and Lender.
RECITAL
The parties desire to amend and
supplement the Credit Agreement as provided below.
AGREEMENTS
In consideration of the Recital, the
promises and agreements set forth in the Credit Agreement, as
amended hereby, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the
parties agree as follows:
1.
Definitions and References . Capitalized terms not
otherwise defined herein have the meanings assigned in the Credit
Agreement. All references to the Credit Agreement contained
in the Note, the Pledge Agreement and the other agreements,
documents and instruments referred to in the Credit Agreement
shall, upon fulfillment of the conditions specified in
section 3 below, mean the Credit Agreement as amended by this
Amendment No. 1.
2.
Amendments . The Credit Agreement is amended as
follows:
(a)
Section 2.1(a)(ii)(B) of the Credit Agreement is amended by
deleting the percent “one and one-half percent
(+1.50%)” therein and inserting the amount “nine
hundredths of a percent (+0.90%)” in its place.
(b)
Section 2.1(a)(iii)(B) of the Credit Agreement is amended by
deleting the percent “one and one-half percent
(+1.50%)” therein and inserting the amount “one and
one-quarter percent (+1.25%)” in its place.
(c)
Section 4.15 of the Credit Agreement is amended by deleting
“Pacific Western National Bank” therein and inserting
“Pacific Western Bank” in its place.
(d)
Section 5.11 of the Credit Agreement is amended by deleting
“Pacific Western National Bank” therein and inserting
“Pacific Western Bank” in its place.
(e)
Section 7.1(e) of the Credit Agreement is amended by deleting
“Pacific Western National Bank” therein and inserting
“Pacific Western Bank” in its place.
3.
Effectiveness of the Amendment . This Amendment No. 1
shall become effective upon execution and delivery hereof by the
parties and receipt by the Lender of:
(a)
an amendment to the Pledge Agreement, duly executed by Borrower and
Lender;
(b) &n
