Exhibit 10.2


 


REVOLVING NOTE


 


	
  $200,000,000.00

  	
  Date: as of May 19, 2006

  
	
  Chicago,
  Illinois

  	
  Due Date: August 17, 2006

  



 


FOR VALUE RECEIVED, J.B. HUNT
TRANSPORT SERVICES, INC., an Arkansas corporation (the “Borrower”), which
has its chief executive office located at 615 J.B. Hunt Corporate Drive,
Lowell, Arkansas 72745, promises to pay to the order of LASALLE BANK NATIONAL
ASSOCIATION, a national banking association (hereinafter, together with any
holder hereof, the “Bank”), whose address is 135 South La Salle Street,
Chicago, Illinois 60603, on or before August 17, 2006 (the “Revolving Loan
Maturity Date”), the lesser of (i) Two Hundred Million and 00/100 DOLLARS
($200,000,000.00), or (ii) the aggregate principal amount of all Revolving
Loans outstanding under and pursuant to that certain Bridge Loan Agreement
dated as of May 19, 2006, executed by and between the Borrower and the
Bank (as amended, supplemented or modified from time to time, the “Loan
Agreement”), and made available by the Bank to the Borrower at the maturity or
maturities and in the amount or amounts stated on the records of the Bank,
together with interest (computed on the actual number of days elapsed on the
basis of a 360 day year) on the aggregate principal amount of all Revolving
Loans outstanding from time to time as provided in the Loan Agreement.
Capitalized words and phrases not otherwise defined herein shall have the
meanings assigned thereto in the Loan Agreement.


 


This Revolving Note
evidences the Revolving Loans and other indebtedness incurred by the Borrower
under and pursuant to the Loan Agreement, to which reference is hereby made for
a statement of the terms and conditions under which the Revolving Loan Maturity
Date or any payment hereon may be accelerated. The holder of this Revolving
Note is entitled to all of the benefits provided for in the Loan Agreement. All
Revolving Loans shall be repaid by the Borrower on the Revolving Loan Maturity
Date, unless payable sooner pursuant to the provisions of the Loan Agreement.


 


Principal and interest shall be paid to the Bank at
its address set forth above, or at such other place as the holder of this
Revolving Note shall designate in writing to the Borrower. Each Revolving Loan
made by the Bank and all payments on account of the principal and interest
thereof shall be recorded on the books and records of the Bank and the
principal balance as shown on such books and records, or any copy thereof
certified by an officer of the Bank, shall be rebuttably presumptive evidence
of the principal amount owing hereunder.


 


Except for such notices as may be
required under the terms of the Loan Agreement, the Borrower waives
presentment, demand, notice, protest, and all other demands, or notices, in
connection with the delivery, acceptance, performance, default, or enforcement
of this Revolving Note, and assents to any extension or postponement of the
time of payment or any other indulgence.


 

















 


The Revolving Loans evidenced hereby have been made
and this Revolving Note has been delivered at the Bank’s main office set forth
above. This Revolving Note shall be governed and construed in accordance with
the laws of the State of Illinois, in which state it shall be performed, and
shall be binding upon the Borrower, and its legal representatives, successors,
and assigns. Wherever possible, each provision of the Loan Agreement and this
Revolving Note shall be interpreted in such manner as to be effective and valid
under applicable law, but if any provision of the Loan Agreement or this
Revolving Note shall be prohibited by or be invalid under such law, such
provision shall be severable, and be ineffective to the extent of such
prohibition or invalidity, without invalidating the remaining provisions of the
Loan Agreement or this Revolving Note.


 


IN WITNESS WHEREOF, the
Borrower has executed this Revolving Note as of the date set forth above.


 


	
   

  	
  J. B. HUNT TRANSPORT SERVICES, INC., an 

  Arkansas corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Kirk
  Thompson

  
	
   

  	
   

  	
  Name

  	
   Kirk
  Thompson

  
	
   

  	
   

  	
  Title

  	
   Chief
  Executive Officer

  
					



 


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