Document:

Exhibit
4.4

 

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
PNC Bank, National Association (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

  
							

 

 

Loans and Payment

 

	
  Date

  	
   

  	
  Amount and

  Type of Loan

  	
   

  	
  Payments

  Principal Interest

  	
   

  	
  Unpaid

  Principal

  Balance of

  Note

  	
   

  	
  Name of

  Person Making

  NotationExhibit
4.5

 

AMENDED
AND RESTATED REVOLVING CREDIT NOTE

 

	
   

  	
   

  	
  New York, New York

  
	
  U.S.$15,000,000

  	
   

  	
  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 Union Bank of California, N.A. (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 FIFTEEN MILLION UNITED STATES DOLLARS (U.S.$15,000,000)
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

  Notation

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"}]]