EXHIBIT 10.1

 

AMENDMENT NO. 4 TO LOAN AGREEMENT

 

THIS AGREEMENT NO. 4 TO LOAN AGREEMENT is made as of the 30th day of April, 2003
by and between AMCORE FINANCIAL, INC. (the “Company”) and M&I MARSHALL & ILSLEY
BANK (“M&I”).

 

IN CONSIDERATION of the mutual covenants, conditions and agreements set forth
herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, it is hereby agreed that:

 

ARTICLE I

 

DEFINITIONS

 

When used herein, the following terms shall have the meanings specified:

 

1.1 Amendment. “Amendment” shall mean this Amendment No. 4 to Loan Agreement.

 

1.2 Loan Agreement. “Loan Agreement” shall mean the Loan Agreement between M&I
and the Company, dated as of December 31, 1999, as amended by Amendment No. 1 to
Loan Agreement dated as of April 30, 2000, Amendment No. 2 to Loan Agreement
dated as of April 30, 2001, and Amendment No. 3 to Loan Agreement dated as of
April 30, 2002.

 

1.3 Other Terms. The other capitalized terms used in this Amendment shall have
the definitions assigned in the Loan Agreement.

 

ARTICLE II

 

AMENDMENTS

 

The Loan Agreement is amended as follows:

 

2.1 Section 1.1—Definitions—Line of Credit Termination Date. The definition of
“Line of Credit Termination Date” contained in Section 1.1, Definitions, of the
Loan Agreement is amended in its entirety to read as follows:

 

“Line of Credit Termination Date” shall mean the earlier of: (a) April 30, 2004;
or (b) the date that the Line of Credit Commitment is terminated pursuant to
Section 7.1 of the Loan Agreement.

 

2.2 Section 2.2—Interest. Section 2.2(a) of the Loan Agreement is amended by
adding the following sentence at the end of such existing section:

 

In no event shall the interest rate payable on the Line of Credit Loans be less
than 3.75% per annum.

 

2.3 Line of Credit. The Company shall execute and deliver to M&I a Line of
Credit Note in the original principal amount of $50,000,000, dated April 30,
2003, in the form of Exhibit A hereto, and otherwise in form and substance
satisfactory to M&I. This Note shall evidence the Loans and shall constitute the
Line of Credit Note and the Note issued pursuant to the Loan Agreement and shall
be in

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substitution for the Line of Credit Note dated April 30, 2002 issued by the
Company payable to the order of M&I.

 

2.4 Miscellaneous Amendments. The Loan Agreement, the Note and all other
documents, instruments and materials executed and delivered heretofore or
hereafter pursuant to the Loan Agreement are deemed hereby to be amended so that
any reference therein to the Loan Agreement or Note shall be a reference to such
documents as amended by or pursuant to this Amendment.

 

ARTICLE III

 

REPRESENTATIONS AND WARRANTIES

 

The Company hereby represents and warrants to M&I that:

 

3.1 Loan Agreement. All of the representations and warranties made by the
Company in the Loan Agreement are true and correct on the date of this
Amendment. No Default or Event of Default under the Loan Agreement has occurred
and is continuing as of the date of this Amendment.

 

3.2 Authorization; Enforceability. The making, execution and delivery of this
Amendment and the Note, and performance of and compliance with the terms of the
Loan Agreement as amended and the Note, have been duly authorized by all
necessary corporate action by the Company. This Amendment and the Note are the
valid and binding obligations of the Company, enforceable against the Company in
accordance with their respective terms.

 

3.3 Absence of Conflicting Obligations. The making, execution and delivery of
this Amendment and the Note, and performance of and compliance with the terms of
the Loan Agreement as amended and the Note, do not violate any presently
existing provision of law or the articles or certificate of incorporation or
bylaws of the Company or any agreement to which the Company is a party or by
which it is bound.

 

ARTICLE IV

 

MISCELLANEOUS

 

4.1 Continuance of Loan Agreement. Except as specifically amended by this
Amendment, the Loan Agreement shall remain in full force and effect.

 

4.2. Survival. All agreements, representations and warranties made in this
Amendment or in any documents delivered pursuant to this Amendment shall survive
the execution of this Amendment and the delivery of any such document.

 

4.3 Governing Law. This Amendment and the Note shall be governed by the laws of
the State of Wisconsin.

 

4.4 Counterparts; Headings. This Amendment may by executed in several
counterparts, each of which shall be deemed an original, but such counterparts
shall together constitute but one and the same agreement. Article and Section
headings in this Amendment are inserted for convenience of reference only and
shall not constitute a part hereof.

 

4.5 Severability. Any provision of the Amendment which is prohibited or
enforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or

 

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unenforceability without invalidating the remaining provisions of this Amendment
or affecting the validity or enforceability of such provision in any other
jurisdiction.

 

4.6 Effectiveness. This Amendment shall be effective as of April 30, 2003 upon
receipt by M&I of the following documents:

 

(a) this Amendment executed by the Company;

 

(b) the Note required by this Amendment, executed by the Company and dated as of
the date hereof; and

 

(c) such additional supporting documents and materials as M&I may reasonably
request.

 

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IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 4 to
Loan Agreement as of the day and year first written above.

 

AMCORE FINANCIAL, INC.

By:

 

 

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Name:

 

John R. Hecht

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Title:

 

EVP & CFO

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M&I MARSHALL & ILSLEY BANK

By:

 

 

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Name:

 

 

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Title:

 

 

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Attest:

 

 

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Name:

 

 

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Title:

 

 

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