-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U1S50kEBIafN6+xuAUIWSmHznJuhkFQemXGzT2Xs3uvZ3OOKr8X8MTaY6+SoRvL1 zypWphD77jBjfthfRqcvzA== 0000911420-97-000080.txt : 19971121 0000911420-97-000080.hdr.sgml : 19971121 ACCESSION NUMBER: 0000911420-97-000080 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971119 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971120 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENCOR INDUSTRIES INC CENTRAL INDEX KEY: 0000064472 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION MACHINERY & EQUIP [3531] IRS NUMBER: 590933147 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11703 FILM NUMBER: 97725040 BUSINESS ADDRESS: STREET 1: 5201 N ORANGE BLOSSOM TRAIL CITY: ORLANDO STATE: FL ZIP: 32810 BUSINESS PHONE: 4072906000 MAIL ADDRESS: STREET 1: 5201 N ORANGE BLOSSOM STREET 2: 5201 N ORANGE BLOSSOM CITY: ORANLANDO STATE: FL ZIP: 32810 FORMER COMPANY: FORMER CONFORMED NAME: MECHTRON INTERNATIONAL CORP DATE OF NAME CHANGE: 19880128 FORMER COMPANY: FORMER CONFORMED NAME: MECHTRON GENCO CORP DATE OF NAME CHANGE: 19720411 FORMER COMPANY: FORMER CONFORMED NAME: MECHTRON CORP DATE OF NAME CHANGE: 19690909 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K ________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: November 19, 1997 (Date of earliest event reported) ________________________________ GENCOR INDUSTRIES, INC. (Exact name of registrant as specified in its charter) ________________________________ Delaware 0-3821 59-0933147 (State or other (Commission File Number) (IRS Employer jurisdiction of Identification incorporation or No.) organization) 5201 NORTH ORANGE BLOSSOM TRAIL, ORLANDO, FLORIDA 32810 (Address of principal executive offices, zip code) (407) 290-6000 (Registrant's telephone number, including area code) ITEM 5. OTHER EVENTS. Gencor Industries, Inc., a Delaware corporation ("Gencor" or "Registrant"), has completed the acquisition of ACP Holdings PLC and its subsidiaries (collectively, "ACP"), a United Kingdom-based designer and manufacturer of heavy machinery for the road construction and quarrying industries with manufacturing operations in Leicester, England and Brisbane, Australia. ACP is one of the largest exporters in the United Kingdom for this type of construction machinery and related products. ACP has developed markets all over the world including Australia, China, Thailand, Malaysia, Southern Europe, Africa, the Middle East and the Meditteranean. Glenn Dalby, ACP's founder and chief executive officer, will continue to serve as chief executive officer of ACP, which changed its name as of the effective date of the transaction to Gencor ACP Limited. The transaction was a cash and stock deal. Gencor obtained the funds to fund the acquisition and finance their operations from Credit Lyonnais, New York Branch acting for itself and as agent ("Agent") for certain other financial institutions pursuant to its $117.75 million senior secured credit facility. To secure the indebtedness under the facility, Gencor and its subsidiaries have granted Agent security interests in all of the acquired companies and their assets. The credit agreement contains certain restrictions and covenants which may be waived by the Agent. The restrictions and covenants contain a prohibition generally on mergers, consolidations and acquisitions; a prohibition generally on the sale or transfer of assets other than in the ordinary course of business; a prohibition generally on the financing of additional indebtedness; certain restrictions on permissible investments, capital expenditures and leases; and certain covenants regarding Gencor's compliance with certain financial ratios - (e.g. EBIDTA, total debt and interest expense). ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits 10.24 Revolving Notes SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GENCOR INDUSTRIES, INC. (Registrant) Date: November 19, 1997 By: John E. Elliott Executive Vice-President THIS NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO BELOW. TRANSFERS OF THIS NOTE MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE AGENT PURSUANT TO THE TERMS OF SUCH CREDIT AGREEMENT. REVOLVING CREDIT NOTE $16,433,198.39 November 10, 1997 FOR VALUE RECEIVED, the undersigned, GENCOR INDUSTRIES, INC., a Delaware corporation (the "Borrower"), hereby unconditionally promises to pay to the order of Credit Lyonnais Atlanta Agency (the "Lender") at the office of Credit Lyonnais New York Branch, located at 1301 Avenue of the Americas, New York, New York 10019, in lawful money of the United States of America and in immediately available funds, on the Termination Date the principal amount of sixteen million four hundred thirty three thousand one hundred ninety eight and 39/100 dollars ($16,433,198.39), or, if less, the aggregate unpaid principal amount of all Revolving Credit Loans made by the Lender to the Borrower pursuant to subsection 3.1 of the Credit Agreement (as hereinafter defined). This Revolving Credit Note (this "Note") shall exist contemporaneously with another Revolving Credit Note (the "New York Revolving Note") payable to the order of Credit Lyonnais New York Branch issued pursuant to the terms of the Credit Agreement; provided, however, that the aggregate principal amount under both this Note and the New York Revolving Note shall not exceed sixteen million four hundred thirty three thousand one hundred ninety eight and 39/100 dollars ($16,433,198.39) at any time. The Borrower further agrees to pay interest in like money at such office on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in subsections 5.2 and 5.4 of the Credit Agreement. The holder of this Note is authorized to record on the schedules annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date, Type and amount of each Revolving Credit Loan made by it pursuant to the Credit Agreement and the date and amount of each payment or prepayment of principal thereof, each continuation thereof, each conversion of all or a portion thereof to another Type and, in the case of Eurodollar Loans, the length of each Interest Period and the Eurodollar Rate with respect thereto; provided that the failure to make any such recordation (or any error therein) shall not affect the obligations of the Borrower to repay the Revolving Credit Loans under the terms of the Credit Agreement or this Note. This Note (a) is one of the Revolving Credit Notes referred to in the Credit Agreement, dated as of December 10, 1996 and amended as of February 4, 1997 and October 15, 1997 (as the same may be amended, supplemented or otherwise modified from time to time, the "Credit Agreement"), among Gencor Industries, Inc., a Delaware corporation, as Borrower, the Lender, the other banks and financial institutions from time to time parties thereto, Credit Lyonnais New York Branch as the Issuing Bank for the Letters of Credit, and Credit Lyonnais New York Branch, as agent, (b) is subject to the provisions of the Credit Agreement, and (c) is subject to optional and mandatory prepayment in whole or in part as provided in the Credit Agreement. This Note is secured and guaranteed as provided in the Loan Documents. Reference is hereby made to the Loan Documents for a description of the properties and assets in which a security interest has been granted, the nature and extent of the security and the guarantees, the terms and conditions upon which the security interests and each guarantee were granted and the rights of the holder of this Note in respect thereof. Upon the occurrence of any one or more of the Events of Default (as defined 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. The Borrower hereby waives presentment, demand, protest and all other notices of any kind (except as otherwise provided in the Credit Agreement). Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE INTERNAL LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICT OF PROVISIONS THEREOF. GENCOR INDUSTRIES, INC. By: Name: Title: STATE OF ) ) COUNTY OF ) On the ____ day of November in the year 1997, before me personally came person signing to me known to be the person described in and who executed the foregoing instrument, and acknowledged that he executed the same. ___________________________ Notary Public Schedule A to Revolving Credit Note LOANS, CONVERSIONS AND REPAYMENTS OF BASE RATE LOANS [CAPTION] Amount of Amount of Principal Amount of Converted of Base Base Rate to Base Rate Rate Loans Date Loans Loans Repaid (continued) Amount of Base Rate Loans Con- Nota- verted to Unpaid Principal tion Eurodollar Balance of Made Loans Base Rate Loans By
Schedule B to Revolving Credit Note LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EURODOLLAR LOANS [CAPTION] Interest Amount of Period and Amount of Converted Eurodollar Eurodollar to Euro- Rate with Date Loans dollar Loans Respect Thereto (continued) Amount of Amount of Unpaid Principal of Eurodollar Principal Eurodollar Loans Con- Balance of Loans Repaid verted to Euro- Eurodollar Base Rate dollar Loans Loans Loans (continued) Notation Made By
THIS NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO BELOW. TRANSFERS OF THIS NOTE MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE AGENT PURSUANT TO THE TERMS OF SUCH CREDIT AGREEMENT. REVOLVING CREDIT NOTE $7,578,947.37 November 10, 1997 FOR VALUE RECEIVED, the undersigned, GENCOR INDUSTRIES, INC., a Delaware corporation (the "Borrower"), hereby unconditionally promises to pay to the order of Creditanstalt Bankverein (the "Lender") at the office of Credit Lyonnais New York Branch, located at 1301 Avenue of the Americas, New York, New York 10019, in lawful money of the United States of America and in immediately available funds, on the Termination Date the principal amount of seven million five hundred seventy eight thousand nine hundred forty seven and 37/100 dollars ($7,578,947.37), or, if less, the aggregate unpaid principal amount of all Revolving Credit Loans made by the Lender to the Borrower pursuant to subsection 3.1 of the Credit Agreement (as hereinafter defined). The Borrower further agrees to pay interest in like money at such office on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in subsections 5.2 and 5.4 of the Credit Agreement. The holder of this Note is authorized to record on the schedules annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date, Type and amount of each Revolving Credit Loan made by it pursuant to the Credit Agreement and the date and amount of each payment or prepayment of principal thereof, each continuation thereof, each conversion of all or a portion thereof to another Type and, in the case of Eurodollar Loans, the length of each Interest Period and the Eurodollar Rate with respect thereto; provided that the failure to make any such recordation (or any error therein) shall not affect the obligations of the Borrower to repay the Revolving Credit Loans under the terms of the Credit Agreement or this Note. This Note (a) is one of the Revolving Credit Notes referred to in the Credit Agreement, dated as of December 10, 1996 and amended as of February 4, 1997 and October 15, 1997 (as the same may be amended, supplemented or otherwise modified from time to time, the "Credit Agreement"), among Gencor Industries, Inc., a Delaware corporation, as Borrower, the Lender, the other banks and financial institutions from time to time parties thereto, Credit Lyonnais New York Branch as the Issuing Bank for the Letters of Credit, and Credit Lyonnais New York Branch, as agent, (b) is subject to the provisions of the Credit Agreement, and (c) is subject to optional and mandatory prepayment in whole or in part as provided in the Credit Agreement. This Note is secured and guaranteed as provided in the Loan Documents. Reference is hereby made to the Loan Documents for a description of the properties and assets in which a security interest has been granted, the nature and extent of the security and the guarantees, the terms and conditions upon which the security interests and each guarantee were granted and the rights of the holder of this Note in respect thereof. Upon the occurrence of any one or more of the Events of Default (as defined 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. The Borrower hereby waives presentment, demand, protest and all other notices of any kind except as otherwise provided in the Credit Agreement. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE INTERNAL LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICT OF PROVISIONS THEREOF. GENCOR INDUSTRIES, INC. By: Name: Title: STATE OF ) ) COUNTY OF ) On the ____ day of October in the year 1997, before me personally came peraon sihning to me known to be the person described in and who executed the foregoinng instrument, and acknowledged that he excuted the same. ____________________________ Notary Public Schedule A to Revolving Credit Note LOANS, CONVERSIONS AND REPAYMENTS OF BASE RATE LOANS [CAPTION] Amount of Amount of Principal Amount of Converted of Base Base Rate to Base Rate Rate Loans Date Loans Loans Repaid (continued) Amount of Base Rate Loans Con- Nota- verted to Unpaid Principal tion Eurodollar Balance of Made Loans Base Rate Loans By
Schedule B to Revolving Credit Note LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EURODOLLAR LOANS [CAPTION] Interest Amount of Period and Amount of Converted Eurodollar Eurodollar to Euro- Rate with Date Loans dollar Loans Respect Thereto (continued) Amount of Amount of Unpaid Principal of Eurodollar Principal Eurodollar Loans Con- Balance of Loans Repaid verted to Euro- Eurodollar Base Rate dollar Loans Loans Loans (continued) Notation Made By
THIS NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO BELOW. TRANSFERS OF THIS NOTE MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE AGENT PURSUANT TO THE TERMS OF SUCH CREDIT AGREEMENT. REVOLVING CREDIT NOTE $16,433,198.39 November 10, 1997 FOR VALUE RECEIVED, the undersigned, GENCOR INDUSTRIES, INC., a Delaware corporation (the "Borrower"), hereby unconditionally promises to pay to the order of Credit Lyonnais New York Branch (the "Lender") at the office of Credit Lyonnais New York Branch, located at 1301 Avenue of the Americas, New York, New York 10019, in lawful money of the United States of America and in immediately available funds, on the Termination Date the principal amount of sixteen million four hundred thirty three thousand one hundred ninety eight and 39/100 dollars ($16,433,198.39), or, if less, the aggregate unpaid principal amount of all Revolving Credit Loans made by the Lender to the Borrower pursuant to subsection 3.1 of the Credit Agreement (as hereinafter defined). This Revolving Credit Note (this "Note") shall exist contemporaneously with another Revolving Credit Note (the "Atlanta Revolving Note") payable to the order of Credit Lyonnais Atlanta Agency issued pursuant to the terms of the Credit Agreement; provided, however, that the aggregate principal amount under both this Note and the Atlanta Revolving Note shall not exceed sixteen million four hundred thirty three thousand one hundred ninety eight and 39/100 dollars ($16,433,198.39) at any time. The Borrower further agrees to pay interest in like money at such office on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in subsections 5.2 and 5.4 of the Credit Agreement. The holder of this Note is authorized to record on the schedules annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date, Type and amount of each Revolving Credit Loan made by it pursuant to the Credit Agreement and the date and amount of each payment or prepayment of principal thereof, each continuation thereof, each conversion of all or a portion thereof to another Type and, in the case of Eurodollar Loans, the length of each Interest Period and the Eurodollar Rate with respect thereto; provided that the failure to make any such recordation (or any error therein) shall not affect the obligations of the Borrower to repay the Revolving Credit Loans under the terms of the Credit Agreement or this Note. This Note (a) is one of the Revolving Credit Notes referred to in the Credit Agreement, dated as of December 10, 1996 and amended as of February 4, 1997 and October 15, 1997 (as the same may be amended, supplemented or otherwise modified from time to time, the "Credit Agreement"), among Gencor Industries, Inc., a Delaware corporation, as Borrower, the Lender, the other banks and financial institutions from time to time parties thereto, Credit Lyonnais New York Branch as the Issuing Bank for the Letters of Credit, and Credit Lyonnais New York Branch, as agent, (b) is subject to the provisions of the Credit Agreement, and (c) is subject to optional and mandatory prepayment in whole or in part as provided in the Credit Agreement. This Note is secured and guaranteed as provided in the Loan Documents. Reference is hereby made to the Loan Documents for a description of the properties and assets in which a security interest has been granted, the nature and extent of the security and the guarantees, the terms and conditions upon which the security interests and each guarantee were granted and the rights of the holder of this Note in respect thereof. Upon the occurrence of any one or more of the Events of Default (as defined 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. The Borrower hereby waives presentment, demand, protest and all other notices of any kind (except as otherwise provided in the Credit Agreement). Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE INTERNAL LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICT OF PROVISIONS THEREOF. GENCOR INDUSTRIES, INC. By: Name: Title: STATE OF ) ) COUNTY OF ) On the ____ day of November in the year 1997, before me personally came person signing to me known to be the person described in and who executed the foregoing instrument, and acknowledged that he executed the same. ___________________________________ Notary Public Schedule A to Revolving Credit Note LOANS, CONVERSIONS AND REPAYMENTS OF BASE RATE LOANS [CAPTION] Amount of Amount of Principal Amount of Converted of Base Base Rate to Base Rate Rate Loans Date Loans Loans Repaid (continued) Amount of Base Rate Loans Con- Nota- verted to Unpaid Principal tion Eurodollar Balance of Made Loans Base Rate Loans By
Schedule B to Revolving Credit Note LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EURODOLLAR LOANS [CAPTION] Interest Amount of Period and Amount of Converted Eurodollar Eurodollar to Euro- Rate with Date Loans dollar Loans Respect Thereto (continued) Amount of Amount of Unpaid Principal of Eurodollar Principal Eurodollar Loans Con- Balance of Loans Repaid verted to Euro- Eurodollar Base Rate dollar Loans Loans Loans (continued) Notation Made By
THIS NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO BELOW. TRANSFERS OF THIS NOTE MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE AGENT PURSUANT TO THE TERMS OF SUCH CREDIT AGREEMENT. REVOLVING CREDIT NOTE $10,526,315.79 November 10, 1997 FOR VALUE RECEIVED, the undersigned, GENCOR INDUSTRIES, INC., a Delaware corporation (the "Borrower"), hereby unconditionally promises to pay to the order of BHF-Bank Aktiengesellschaft (the "Lender") at the office of Credit Lyonnais New York Branch, located at 1301 Avenue of the Americas, New York, New York 10019, in lawful money of the United States of America and in immediately available funds, on the Termination Date the principal amount of ten million five hundred and twenty six thousand three hundred and fifteen and 79/100 dollars ($10,526,315.79), or, if less, the aggregate unpaid principal amount of all Revolving Credit Loans made by the Lender to the Borrower pursuant to subsection 3.1 of the Credit Agreement (as hereinafter defined). The Borrower further agrees to pay interest in like money at such office on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in subsections 5.2 and 5.4 of the Credit Agreement. The holder of this Note is authorized to record on the schedules annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date, Type and amount of each Revolving Credit Loan made by it pursuant to the Credit Agreement and the date and amount of each payment or prepayment of principal thereof, each continuation thereof, each conversion of all or a portion thereof to another Type and, in the case of Eurodollar Loans, the length of each Interest Period and the Eurodollar Rate with respect thereto; provided that the failure to make any such recordation (or any error therein) shall not affect the obligations of the Borrower to repay the Revolving Credit Loans under the terms of the Credit Agreement or this Note. This Note (a) is one of the Revolving Credit Notes referred to in the Credit Agreement, dated as of December 10, 1996 and amended as of February 4, 1997 and October 15, 1997 (as the same may be amended, supplemented or otherwise modified from time to time, the "Credit Agreement"), among Gencor Industries, Inc., a Delaware corporation, as Borrower, the Lender, the other banks and financial institutions from time to time parties thereto, Credit Lyonnais New York Branch as the Issuing Bank for the Letters of Credit, and Credit Lyonnais New York Branch, as agent, (b) is subject to the provisions of the Credit Agreement, and (c) is subject to optional and mandatory prepayment in whole or in part as provided in the Credit Agreement. This Note is secured and guaranteed as provided in the Loan Documents. Reference is hereby made to the Loan Documents for a description of the properties and assets in which a security interest has been granted, the nature and extent of the security and the guarantees, the terms and conditions upon which the security interests and each guarantee were granted and the rights of the holder of this Note in respect thereof. Upon the occurrence of any one or more of the Events of Default (as defined 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. The Borrower hereby waives presentment, demand, protest and all other notices of any kind except as otherwise provided in the Credit Agreement. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE INTERNAL LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICT OF PROVISIONS THEREOF. GENCOR INDUSTRIES, INC. By: Name: Title: STATE OF ) ) COUNTY OF ) On the ____ day of November in the year 1997, before me personally came person signing to me known to be the person described in and who executed the foregoing instrument, and acknowledged that he executed the same. _______________________________ Notary Public Schedule A to Revolving Credit Note LOANS, CONVERSIONS AND REPAYMENTS OF BASE RATE LOANS [CAPTION] Amount of Amount of Principal Amount of Converted of Base Base Rate to Base Rate Rate Loans Date Loans Loans Repaid (continued) Amount of Base Rate Loans Con- Nota- verted to Unpaid Principal tion Eurodollar Balance of Made Loans Base Rate Loans By
Schedule B to Revolving Credit Note LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EURODOLLAR LOANS [CAPTION] Interest Amount of Period and Amount of Converted Eurodollar Eurodollar to Euro- Rate with Date Loans dollar Loans Respect Thereto (continued) Amount of Amount of Unpaid Principal of Eurodollar Principal Eurodollar Loans Con- Balance of Loans Repaid verted to Euro- Eurodollar Base Rate dollar Loans Loans Loans (continued) Notation Made By
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