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AMENDMENT NO. 6 TO REVOLVING CREDIT AGREEMENT

Revolving Credit Agreement

AMENDMENT NO. 6 TO REVOLVING CREDIT AGREEMENT | Document Parties: CENTENNIAL BANK HOLDINGS, INC. | Centennial Bank Holdings, Inc | US Bank National Association You are currently viewing:
This Revolving Credit Agreement involves

CENTENNIAL BANK HOLDINGS, INC. | Centennial Bank Holdings, Inc | US Bank National Association

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Title: AMENDMENT NO. 6 TO REVOLVING CREDIT AGREEMENT
Date: 11/9/2007
Industry: Regional Banks     Sector: Financial

AMENDMENT NO. 6 TO REVOLVING CREDIT AGREEMENT, Parties: centennial bank holdings  inc. , centennial bank holdings  inc , us bank national association
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Exhibit 10.1

 

AMENDMENT NO. 6 TO REVOLVING CREDIT AGREEMENT

 

THIS AMENDMENT NO. 6 TO REVOLVING CREDIT AGREEMENT, dated as of November 6, 2007, amends the Revolving Credit Agreement dated as of November 8, 2005, as amended by Amendment No. 1 to Revolving Credit Agreement dated as of March 28, 2006, by Amendment No. 2 to Revolving Credit Agreement dated as of May 11, 2006, by Amendment No. 3 to Revolving Credit Agreement dated as of November 7, 2006, by Amendment No. 4 to Revolving Credit Agreement dated as of July 31, 2007 and by Amendment No. 5 to Revolving Credit Agreement dated as of August 8, 2007 (as so amended, the “Credit Agreement”), between Centennial Bank Holdings, Inc., a Delaware corporation (the “Borrower”), and U.S. Bank National Association (the “Lender”).

 

RECITAL

 

The Borrower and the Lender desire to amend the Credit Agreement as provided below.

 

AGREEMENTS

 

In consideration of the promises and agreements contained in the Credit Agreement, as amended hereby, the Borrower and the Lender agree as follows:

 

1.             Definitions and References. Capitalized terms not otherwise defined herein have the meanings ascribed to them in the Credit Agreement. Upon the execution and delivery of this Amendment No. 6 to Revolving Credit Agreement (“Amendment No. 6”) by the Borrower and the Lender, each reference to the Credit Agreement contained in the Credit Agreement, the Note, the Pledge Agreement or any other document relating thereto means the Credit Agreement as amended by this Amendment No. 6.

 

2.             Amendments to Credit Agreement.

 

(a) The first sentence of section 1.2 of the Credit Agreement is amended by deleting the date “November 6, 2007” and replacing it with the date “March 31, 2008”.

 

(b) Subsection 5.4(f) of the Credit Agreement is amended to read as follows:

 



 

 

(f)            Return on Average Assets. Borrower’s consol



 
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