Document:

Exhibit 4.2

 

AMENDED AND RESTATED REVOLVING CREDIT NOTE

 

	
   

  	
   

  	
  New York, New York

  
	
  U.S.$25,000,000

  	
   

  	
  November 29, 1999,

  
	
   

  	
   

  	
  as amended and restated

  
	
   

  	
   

  	
  as of August 27, 2003

  

 

 

FOR VALUE RECEIVED, each of the undersigned entities, on behalf of
itself and jointly and severally with all of the undersigned (each of such
undersigned entities, a “Maker” and, collectively, the “Makers”),
hereby promises to pay to the order of JPMorgan Chase Bank (the “Lender”),
at the offices of JPMORGAN CHASE BANK (the “Agent”), at 1166 Avenue of
the Americas, New York, New York on the Maturity Date as defined in the Amended
and Restated Revolving Credit Agreement dated as of August 27, 2003, among
the Makers, Water Pik Technologies Canada, Inc., JPMorgan Chase Bank, Toronto
Branch, as Canadian Agent, Bank One, NA, as Syndication Agent, the Canadian
Lenders and the Lenders party thereto and the Agent (as the same may be further
amended, modified or supplemented from time to time in accordance with its
terms, the “Credit Agreement”) or earlier as provided for in the Credit
Agreement, the lesser of the principal sum of TWENTY FIVE MILLION UNITED STATES
DOLLARS (U.S.$25,000,000) or the aggregate unpaid principal amount of all Loans
to the Makers from the Lender pursuant to the terms of the Credit Agreement, in
lawful money of the United States of America in immediately available funds,
and to pay interest from the date thereof on the principal amount hereof from
time to time outstanding, in like funds, at said office, at a rate or rates per
annum and, in each case, and payable on such dates as determined pursuant to
the terms of the Credit Agreement.

 

The Makers promise to pay interest, on demand, on any overdue principal
and fees and, to the extent permitted by law, overdue interest from their due
dates at a rate or rates determined as set forth in the Credit Agreement.

 

The Makers hereby waive diligence, presentment, demand, protest and
notice of any kind whatsoever.  The
non-exercise by the holder of any of its rights hereunder in any particular
instance shall not constitute a waiver thereof in that or any subsequent
instance.

 

All borrowings evidenced by this Amended and Restated Revolving Credit
Note and all payments and prepayments of the principal hereof and interest
hereon and the respective dates thereof shall be endorsed by the holder hereof
on the schedule attached hereto and made a part hereof, or on a continuation
thereof which shall be attached hereto and made a part hereof, or otherwise
recorded by such holder in its internal records; provided, however,
that the failure of the holder hereof to make such a notation or any error in
such a notation shall not in any manner affect the obligation of the Makers to
make payments of principal and interest in accordance with the terms of this
Amended and Restated Revolving Credit Note and the Credit Agreement.

 

 

The promises, undertakings and obligations of the Makers shall be joint
and several, irrevocable and absolute. 
Such promises, undertakings, and obligations, so long as any of the Makers
shall have failed to perform any of its obligations, herein shall be
enforceable against any or all of the Makers.

 

This Amended and Restated Revolving Credit Note may be executed in two
or more counterparts, each of which shall constitute an original, but all of
which, when taken together, shall constitute but one instrument.

 

This Amended and Restated Revolving Credit Note is one of the Notes
referred to in the Credit Agreement (and is secured by the Collateral referred
to therein), which, among other things, contains provisions for the
acceleration of the maturity hereof upon the happening of certain events, for
optional and mandatory prepayment of the principal hereof prior to the maturity
hereof and for the amendment or waiver of certain provisions of the Credit
Agreement, all upon the terms and conditions therein specified.  This Amended and Restated Revolving Credit
Note replaces the Revolving Credit Note issued to the Lender pursuant to the
Restated Credit Agreement dated as of November 29, 1999, among the Makers, the
Guarantors named therein, the Lenders named therein and the Agent (formerly
known as The Chase Manhattan Bank). 
Capitalized terms used but not otherwise defined herein shall have the
meanings of such terms assigned in the Credit Agreement.

 

2

 

THIS AMENDED AND RESTATED REVOLVING CREDIT
NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE
STATE OF NEW YORK, WITHOUT REGARD TO CHOICE OF LAW DOCTRINE, AND ANY APPLICABLE
LAWS OF THE UNITED STATES OF AMERICA.

 

 

	
   

  	
  WATER PIK,
  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ VICTOR C
  STREUFERT

  	
   

  
	
   

  	
  Name:

  	
  Victor C.
  Streufert

  
	
   

  	
  Title:

  	
  Vice
  President - Finance

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  LAARS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ VICTOR C
  STREUFERT

  	
   

  
	
   

  	
  Name:

  	
  Victor C.
  Streufert

  
	
   

  	
  Title:

  	
  Vice
  President - Finance

  
						

 

 

Loans and Payment

 

	
  Date

  	
   

  	
  Amount and

  Type of Loan

  	
   

  	
  Payments

  Principal Interest

  	
   

  	
  Unpaid

  Principal

  Balance of

  Note

  	
   

  	
  Name of

  Person Making

  NotationExhibit 4.3

 

AMENDED AND RESTATED REVOLVING CREDIT NOTE

 

	
   

  	
   

  	
  New York, New York

  
	
  U.S.$20,000,000

  	
   

  	
  November 29, 1999,

  
	
   

  	
   

  	
  as amended and restated

  
	
   

  	
   

  	
  as of August 27, 2003

  

 

FOR VALUE
RECEIVED, each of the undersigned entities, on behalf of itself and jointly and
severally with all of the undersigned (each of such undersigned entities, a “Maker”
and, collectively, the “Makers”), hereby promises to pay to the order of
Bank One, NA (the “Lender”), at the offices of JPMORGAN CHASE BANK (the
“Agent”), at 1166 Avenue of the Americas, New York, New York on the
Maturity Date as defined in the Amended and Restated Revolving Credit Agreement
dated as of August 27, 2003, among the Makers, Water Pik Technologies Canada,
Inc., JPMorgan Chase Bank, Toronto Branch, as Canadian Agent, Bank One, NA, as
Syndication Agent, the Canadian Lenders and the Lenders party thereto and the
Agent (as the same may be further amended, modified or supplemented from time
to time in accordance with its terms, the “Credit Agreement”) or earlier
as provided for in the Credit Agreement, the lesser of the principal sum of
TWENTY MILLION UNITED STATES DOLLARS (U.S.$20,000,000) or the aggregate unpaid
principal amount of all Loans to the Makers from the Lender pursuant to the
terms of the Credit Agreement, in lawful money of the United States of America
in immediately available funds, and to pay interest from the date thereof on
the principal amount hereof from time to time outstanding, in like funds, at
said office, at a rate or rates per annum and, in each case, and payable on
such dates as determined pursuant to the terms of the Credit Agreement.

 

The Makers
promise to pay interest, on demand, on any overdue principal and fees and, to
the extent permitted by law, overdue interest from their due dates at a rate or
rates determined as set forth in the Credit Agreement.

 

The Makers
hereby waive diligence, presentment, demand, protest and notice of any kind
whatsoever.  The non-exercise by the
holder of any of its rights hereunder in any particular instance shall not
constitute a waiver thereof in that or any subsequent instance.

 

All borrowings
evidenced by this Amended and Restated Revolving Credit Note and all payments
and prepayments of the principal hereof and interest hereon and the respective
dates thereof shall be endorsed by the holder hereof on the schedule attached
hereto and made a part hereof, or on a continuation thereof which shall be
attached hereto and made a part hereof, or otherwise recorded by such holder in
its internal records; provided, however, that the failure of the
holder hereof to make such a notation or any error in such a notation shall not
in any manner affect the obligation of the Makers to make payments of principal
and interest in accordance with the terms of this Amended and Restated
Revolving Credit Note and the Credit Agreement.

 

The promises,
undertakings and obligations of the Makers shall be joint and several,
irrevocable and absolute.  Such
promises, undertakings, and obligations, so long as any

 

 

of the Makers shall have failed
to perform any of its obligations, herein shall be enforceable against any or
all of the Makers.

 

This Amended
and Restated Revolving Credit Note may be executed in two or more counterparts,
each of which shall constitute an original, but all of which, when taken
together, shall constitute but one instrument.

 

This Amended
and Restated Revolving Credit Note is one of the Notes referred to in the
Credit Agreement (and is secured by the Collateral referred to therein), which,
among other things, contains provisions for the acceleration of the maturity
hereof upon the happening of certain events, for optional and mandatory
prepayment of the principal hereof prior to the maturity hereof and for the
amendment or waiver of certain provisions of the Credit Agreement, all upon the
terms and conditions therein specified. 
This Amended and Restated Revolving Credit Note replaces the Revolving
Credit Note issued to the Lender pursuant to the Restated Credit Agreement dated
as of November 29, 1999, among the Makers, the Guarantors named therein, the
Lenders named therein and the Agent (formerly known as The Chase Manhattan
Bank).  Capitalized terms used but not
otherwise defined herein shall have the meanings of such terms assigned in the
Credit Agreement.

 

2

 

THIS AMENDED AND RESTATED REVOLVING CREDIT
NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE
STATE OF NEW YORK, WITHOUT REGARD TO CHOICE OF LAW DOCTRINE, AND ANY APPLICABLE
LAWS OF THE UNITED STATES OF AMERICA.

 

	
   

  	
  WATER PIK,
  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ VICTOR C
  STREUFERT

  	
   

  
	
   

  	
  Name:

  	
  Victor C.
  Streufert

  
	
   

  	
  Title:

  	
  Vice
  President - Finance

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  LAARS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ VICTOR C
  STREUFERT

  	
   

  
	
   

  	
  Name:

  	
  Victor C.
  Streufert

  
	
   

  	
  Title:

  	
  Vice
  President - Finance

  
						

 

3

 

Loans and Payment

 

	
  Date

  	
   

  	
  Amount and

  Type of Loan

  	
   

  	
  Payments

  Principal Interest

  	
   

  	
  Unpaid

  Principal

  Balance of

  Note

  	
   

  	
  Name of

  Person Making

  Notation

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}]]