Document:

Prepared by MerrillDirect

Exhibit
10.10.2

FIRST
AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS
FIRST AMENDMENT is made as of the 21 day of April, 2000, and is by and among
COMMUNITY FIRST BANKSHARES, INC. (the “Borrower”), HARRIS TRUST AND SAVINGS
BANK (“Harris”) and NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION (“Norwest”;
Harris and Norwest are each referred to herein as a “Bank” and collectively as
“Banks”), and NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION, as agent for the
Banks (in such capacity, the “Agent”).

REFERENCE
IS HEREBY MADE to that certain Amended and Restated Credit Agreement dated as
of April 30, 1999 (the “Credit Agreement”) made by and among the Borrower, the
Banks and the Agent.  Capitalized terms
not otherwise defined herein shall have the respective meanings ascribed to
them in the Credit Agreement.

WHEREAS,
the Borrower has requested the Banks (i) to extend the maturity of the Credit
from April 30, 2000 to April 30, 2001, and (ii) to increase the amount of the
Term Loan from $10,000,000.00 to $75,000,000.00 and convert it to a one-year
revolving credit line.

WHEREAS,
the Banks are willing to grant the Borrower’s requests, subject to the
provisions of this First Amendment.

NOW,
THEREFORE, in consideration of the premises and for other valuable consideration
received, it is agreed as follows:

1.      Section 1.12 of the Credit Agreement is
hereby revised in its entirety to read as follows:

         1.12   “Credit
Expiration Date” shall mean April 30, 2001.

2.      Section 1.13 of the Credit Agreement is
hereby revised in its entirety to read as follows:

         1.13   “Credit
Percentages” shall mean 35% with respect to Harris and 65% with respect to
Norwest.

3.      Section 1.22 of the Credit Agreement is
hereby revised in its entirety to read as follows:

1.22 “Interest Period” means with respect to
any Eurodollar Borrowing, (a) initially, the period commencing on, as the case
may be, the date on which such Eurodollar Borrowing is made or the date on
which such Eurodollar Borrowing results from the conversion of a Base Rate
Borrowing or a Federal Funds Borrowing, and ending one, two, three or six
months thereafter, as selected in a notice of borrowing, continuance or
conversion as provided in Sections 2.1, 2.3, or 2.4 hereof, and (b) thereafter,
each period commencing on the last day of the immediately preceding Interest
Period and ending one, two, three or six months thereafter, as selected by
irrevocable notice to the Agent (which notice must be received by the Agent
before 12:00 Noon, Minneapolis time, three Business Days before the last day of
the then current Interest Period with respect to such Eurodollar Borrowing),
provided, however, that (i) if any Interest Period would otherwise end on a day
that is not a Business Day, that Interest Period shall be extended to the next
succeeding Business Day unless the result of such extensions would be to carry
such Interest Period into another calendar month, in which event such Interest
Period shall end on the immediately preceding Business Day, (ii) the Borrower
may not select the Interest Period that would otherwise extend beyond the
Credit Expiration Date (with respect to the Credit), (iii) if no notice is
given with respect to selection on an Interest Period as provided above, the
affected Eurodollar Borrowing shall be converted to a Base Rate Borrowing on
the last day of the Interest Period then in effect, and (iv) any Interest
Period that begins on the last Business Day of a calendar month (or on a date
for which there is no numerically corresponding day in the calendar month at
the end of such Interest Period) shall end on the last Business Day of a
calendar month.

4.       Sections
1.30, 1.31, 1.32, 1.33 and 1.34 of the Credit Agreement are each hereby revised
in their entirety to read as follows:

1.30   “Second
Credit Line” shall mean the Second Credit Line made by the Banks to the
Borrower in an aggregate amount not exceeding $75,000,000.00.

1.31   “Second
Credit Line Advance” shall mean an advance of funds under the Second Credit
Line.

1.32   “Second
Credit Line Maturity Date” shall mean April 30, 2001.

1.33   “Second
Credit Line Percentages” shall mean 37% with respect to Harris and 63% with
respect to Norwest.

1.34   “Second
Credit Notes” shall mean the promissory notes of the Borrower substantially in
the form of attached Exhibits B-1 and B-2 to the First Amendment, evidencing
the Second Credit Line.

5.      Section 3 of the Credit Agreement is
hereby revised in entirety to read as follows:

SECTION 3  
The
Second Credit Line

3.1     Subject to
other provisions of this Agreement, each Bank shall make Second Credit Line
Advances to the Borrower under the Second Credit Line from time to time from
the effective date hereof until the Second Credit Line Maturity Date in
aggregate principal amounts at any one time outstanding not exceeding such
Bank’s Second Credit Line Percentage of the Maximum Second Credit Line Amount
determined pursuant to Section 3.2 hereof. 
Each Second Credit Line Advance will be requested to the Agent in
writing by an authorized officer of the Borrower on a Notice of Borrowing
substantially in the form of Exhibit C hereto. 
The initial balance of the Second Credit Line shall be the balance
outstanding under the Term Loan which is replaced by the Second Credit
Line.  Requests for Second Credit Line
Advances must be received by the Agent no later than 12:00 Noon, Minneapolis
time, on the day of a Second Credit Line Advance.

3.2     The Maximum
Second Credit Line amount shall be $75,000,000.00.  Within such maximum Second Credit Line Amount and subject to the
terms and conditions of this Agreement, the Borrower may borrow, repay and
reborrow under the Second Credit Line.

3.3     The Agent
shall promptly notify each Bank of the Borrower’s request for a Second Credit
Line Advance, and the amount of the Second Credit Line Advance by telephone or
fax no later than 1:00 p.m., Minneapolis time, on the day on which the Agent
received the request.  Subject to the
further provisions of this Section 3, the Agent will fund the Second Credit
Line Advance no later than 4:30 p.m., Minneapolis time, on the Business Day
requested by the Borrower.  On or before
3:30 p.m., Minneapolis time, on such Business Day, each Bank shall deposit with
the Agent same-day funds constituting such Bank’s Second Credit Line Percentage
of the Second Credit Line Advance.  Such
deposit will be made to an account which the Agent shall specify by notice to
the Banks.  To the extent funds are
received from the Banks in accordance with this Section 3.3, the Agent shall
make such funds available to the Borrower by wire transfer to the account(s)
the Borrower shall have designated to the Agent at or before the time of the
related request.

3.4     Interest on
the unpaid balance of the Second Credit Notes shall be calculated at an annual
rate equal to one and one-quarter percent (1.25%) in excess of the Federal Funds
Rate in effect from time to time, and shall change as and when the Federal
Funds Rate changes.  Interest on the
Second Credit Notes shall be calculated on basis of the actual number of days
elapsed in a year of 360 days.

3.5     Notwithstanding
the provisions of Section 3.4 hereof, for so long as there exists any Event of
Default, interest on the Second Credit Notes shall accrue at an annual rate of
two percent (2.0%) in excess of the rate which would otherwise apply to the
Second Credit Notes.

3.6     Interest on
the unpaid principal of the Second Credit Notes shall be payable quarterly,
commencing June 30, 2000, and continuing on the last day of each succeeding
calendar quarter, and on the Second Credit Line Maturity Date.

3.7     The
principal of the Second Credit Notes shall be due and payable in full on the
Second Credit Line Maturity Date.

3.8     The Borrower
may at any time prepay principal under the Second Credit line in whole or from
time to time in part without premium or penalty.

3.9     The Borrower
shall pay to the Agent, within 20 days following the end of each semi-annual
period, commencing with the period ending October 31, 2000, on behalf of the
Banks, a fee (the “Unused Second Credit Line Fee”) calculated at an annual rate
equal to two-tenths of one percent (0.20%) of the average daily unused portion
of the Second Credit line; provided however, that no fee shall be due for any
semi-annual period where the average daily usage is greater than 50% of the
Maximum Second Credit Line Amount.  The
Unused Second Credit Line Fee shall be calculated on the basis of actual number
of days elapsed in a year of 360 days. 
As used herein the Second Credit “unused portion” shall mean the
difference between the applicable Maximum Second Credit Line Amount and the
outstanding principal balance of the Second Credit Line as of the date of
determination.

 

6.          All remaining references to “Term Loan”
or “Term Note” in the Credit Agreement are hereby amended so that they shall
refer to the “Second Credit Line” or the “Second Credit Note”, as the case may
be.

7.          Simultaneously with the execution of this
First Amendment, the Borrower shall execute and deliver the following new
promissory notes (which, for purposes of this First Amendment only, shall
collectively be referred to herein as the “New Notes”) to the Agent for the
benefit of the Banks:

A.      Current Note in the face amount of
$12,250,000.00 payable to Harris and substantially in the form of attached
Exhibit A-1.  Said note shall replace,
but shall not be deemed payment or satisfaction of, that certain Current Note
dated April 30, 1999 made by the Borrower in the face amount of $17,500,000.00
payable to Harris.

B.      Current Note
in the face amount of $22,750,000.00 payable to Norwest and substantially in
the form of attached Exhibit A-2.  Said
note shall replace, but shall not be deemed payment or satisfaction of, that
certain Current Note dated April 30, 1999 made by the Borrower in the face
amount of $17,500,000.00 payable to Norwest.

C.      Second
Credit Note in the face amount of $27,750,000.00 payable to Harris and
substantially in the form of attached Exhibit B-1.  Said note shall replace, but shall not be deemed payment or
satisfaction of, that certain Term Note dated April 30, 1999 made by the
Borrower in the face amount of $5,000,000.00 payable to Harris.

D.      Second
Credit Note in the face amount of $47,250,000.00 payable to Norwest and
substantially in the form of attached Exhibit B-2.  Said note shall replace, but shall not be deemed payment or
satisfaction of, that certain Term Note dated April 30, 1999 made by the
Borrower in the face amount of $5,000,000.00 payable to Norwest.

All references in the Credit Agreement to the “Current Notes” shall be
deemed to mean the Current Notes described in paragraphs A and B of this
Section.  Exhibits A-1 and A-2 of this
First Amendment shall replace Exhibits A-1 and A-2 of the Credit Agreement.

All
references in the Credit Agreement to the “Term Notes” shall be deemed to mean
the Second Credit Notes described in paragraphs D and E of this Section.  Exhibits B-1 and B-2 of this First Amendment
shall replace Exhibits B-1 and B-2 of the Credit Agreement.

8.       The Borrower hereby represents and
warrants to the Banks as follows:

A.      As of the
date of this First Amendment, the outstanding principal balance of each
of the Current Notes is $0.0.

B.      As of the
date of this First Amendment, the outstanding principal balance of each
of the Tern Notes is $0.0.

C.      The Credit
Agreement, the Current Notes and the Second Credit Notes constitute valid,
legal and binding obligations owed by the Borrower to the Banks, subject to no
counterclaim, defense, offset, abatement or recoupment.

D.      As of the
date of this First Amendment, (i) each of the representations and warranties
contained in Section 5.1, 5.2, 5.3, 5.5, 5.6 and 5.10 of the Credit Agreement
is true, and (ii) there exists no Event of Default, nor does there exist any
event which, with the giving of notice or the passage of time, or both, could
become an Event of Default.

E.       All
authorizations of governmental agencies, bodies or authorities which are
necessary to permit the transactions contemplated by this First Amendment have
been obtained and are in full force and effect, and no further approval,
consent, order or authorization of, or designation, registration, declaration
or filing with, any governmental, authority is required in connection with the
consummation of the transactions contemplated by this First Amendment.

F.       The
execution, delivery and performance of this First Amendment and the New Notes
by the Borrower are within its corporate powers, have been duly authorized, and
are not in contravention of law or the terms of the Borrower’s Articles of
Incorporation or By-laws, or of any undertaking to which the Borrower is a
party or by which it is bound.

G.      All
financial statements delivered to the Bank by or on behalf of the Borrower,
including all schedules and notes pertaining thereto, have been prepared in
accordance with Generally Accepted Accounting Principles consistently applied,
and fully and fairly present the financial condition of the Borrower at the
date thereof and the result of operations for the periods covered thereby, and
there have been no material adverse changes in the financial condition or
business of the Borrower from December 31, 1999 to the date hereof.

9.       Upon request by the Banks, the Borrower shall deliver a
Corporate Certificate of Authority to the Agent dated as of the date of this
First Amendment, and in form and content acceptable to the Agent.

10.      This First Amendment may be executed in
any number of counterparts, each of which shall be deemed an original, but
which taken together shall constitute one and the same instrument.

11.      Except as expressly modified by this
First Amendment, the Credit Agreement remains unchanged and in full force and
effect.

 

IN
WITNESS WHEREOF, the Borrower, the Banks and the Agent have executed this First
Amendment as of the date first written above.

	
  COMMUNITY FIRST
  BANKSHARES, INC.
  	 
  	
  NORWEST BANK MINNESOTA

    NATIONAL ASSOCIATION, as Agent
  
	 
  	 
  	 
  
	
  By: 
  /s/ Mark A. Anderson

  

  	 
  	
  By: 
  /s/ Sidney W. Bennett

  

  
	
       
  Mark A. Anderson

        President and Chief Executive
  Officer
  	
       
  Sidney W. Bennett,

        Vice President
  
	 
  	 
  	 
  
	
  By: 
  /s/ Thomas R. Anderson

  

  	 
  	 
  
	
       
  Thomas R. Anderson

        Treasurer
  
	 
  	 
  	 
  
	 
  	 
  	 
  
	
  HARRIS TRUST AND SAVINGS BANK
  	 
  	
  NORWEST BANK MINNESOTA

    NATIONAL ASSOCIATION
  
	 
  	 
  	 
  
	
  By: 
  /s/ David J. Konrad

  

  	 
  	
  By: 
  /s/ Sidney W. Bennet

  

  
	 
  	 
  	
       
  Sidney W. Bennett,

        Vice President
  
	
  Its: 
  Vice PresidentPrepared by MerrillDirect

Exhibit 10.10.3

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS SECOND AMENDMENT is made as of the 22nd
day of December, 2000, and is by and among COMMUNITY FIRST BANKSHARES, INC.
(the “Borrower”), HARRIS TRUST AND SAVINGS BANK (“Harris”) and WELLS FARGO BANK
MINNESOTA, NATIONAL ASSOCIATION (“Wells Fargo”) formerly known as Norwest Bank
Minnesota, National Association; (Harris and Wells Fargo are each referred to
herein as a “Bank” and collectively as “Banks”), and WELLS FARGO BANK MINNESOTA,
NATIONAL ASSOCIATION, as agent for the Banks (in such capacity, the “Agent”).

REFERENCE IS HEREBY MADE to that certain
Amended and Restated Credit Agreement dated as of April 30, 1999, as amended by
a First Amendment dated as of April 21, 2000 (the “Credit Agreement”) made by
and among the Borrower, the Banks and the Agent.  Capitalized terms not otherwise defined herein shall have the
respective meanings ascribed to them in the Credit Agreement.

WHEREAS, the Borrower and the Banks have
agreed (i) to delete the $75,000,000 Second Credit Line from the Credit
Agreement, (ii) to remove Harris as a party to the Credit Agreement, and (iii)
to provide that Wells Fargo will fund the full amount of the $35,000,000 Credit
Line.

WHEREAS, the Banks are willing to grant the
Borrower’s requests, subject to the provisions of this Second Amendment.

NOW, THEREFORE, in consideration of the
premises and for other valuable consideration received, it is agreed as
follows:

	
  1.
  	
  The
  Second Credit Line in the amount of $75,000,000 is hereby terminated and all
  provisions relating to such Second Credit Line or the prior Term Loan are
  hereby deleted from the Credit Agreement.
  	 
  
	 
  	 
  	 
  
	
  2.
  	
  Harris will, from the effective date of
  this Second Amendment, no longer be a party to the Credit Agreement.  The Borrower, the Agent and the Banks each
  acknowledges that Harris shall have no further obligations under the Credit
  Agreement and Harris acknowledges that all amounts owed to it under the
  Credit Agreement, whether from the Borrower, Wells Fargo or the Agent have
  been paid in full.
  	 
  
	 
  	 
  	 
  
	
  3.
  	
  Section
  1.13 of the Credit Agreement is hereby revised in its entirety to read as
  follows:
  	 
  
	 
  	 
  	 
  
	 
  	
  1.13
  	
  “Credit
  Percentages” shall mean 100% with respect to Wells Fargo.
  
				

 

	
  4.
  	
  Simultaneously
  with the execution of this Second Amendment, the Borrower shall execute and
  deliver the following new promissory note (which, for purposes of this Second
  Amendment only, shall collectively be referred to herein as the “New Note”)
  to the Agent for the benefit of the Banks:
  
	 
  	 
  
	 
  	
  A.
  	
  Current
  Note in the face amount of $35,000,000.00 payable to Wells Fargo and
  substantially in the form of attached Exhibit A.  Said note shall replace, but shall not be deemed payment or
  satisfaction of, the prior Current Notes.
  
	 
  	 
  
	 
  	
  All
  references in the Credit Agreement to the “Current Notes” shall be deemed to
  mean the Current Note described in paragraph A of this Section.  Exhibits A of this Second Amendment shall
  replace Exhibit A-1 of the Credit Agreement.
  
	 
  	 
  
	
  5.
  	
  The
  Borrower hereby represents and warrants to the Banks as follows:
  
	 
  	 
  
	 
  	
  A.
  	
  As
  of the date of this Second Amendment, the outstanding principal balance of
  each of the Current Notes is $0.00 and 0.00.
  
	 
  	 
  
	 
  	
  B.
  	
  The
  Credit Agreement, as amended hereby, and the Current Note constitute valid, legal
  and binding obligations owed by the Borrower to the Banks, subject to no
  counterclaim, defense, offset, abatement or recoupment.
  
	 
  	 
  
	 
  	
  C.
  	
  As
  of the date of this Second Amendment, (i) each of the representations and
  warranties contained in Sections 5.1, 5.2, 5.3, 5.5, 5.6 and 5.10 of the
  Credit Agreement is true, and (ii) there exists no Event of Default, nor does
  there exist any event which, with the giving of notice or the passage of
  time, or both, could become an Event of Default.
  
	 
  	 
  
	 
  	
  D.
  	
  All
  authorizations of governmental agencies, bodies or authorities which are
  necessary to permit the transactions contemplated by this Second Amendment
  have been obtained and are in full force and effect, and no further approval,
  consent, order or authorization of, or designation, registration, declaration
  or filing with, any governmental authority is required in connection with the
  consummation of the transactions contemplated by this Second Amendment.
  
	 
  	 
  
	 
  	
  E.
  	
  The
  execution, delivery and performance of this Second Amendment and the New Note
  by the Borrower are within its corporate powers, have been duly authorized,
  and are not in contravention of law or the terms of the Borrower’s Articles
  of Incorporation or By-laws, or of any undertaking to which the Borrower is a
  party or by which it is bound.
  
	 
  	 
  	 
  
	 
  	
  F.
  	
  All
  financial statements delivered to the Bank by or on behalf of the Borrower,
  including all schedules and notes pertaining thereto, have been prepared in
  accordance with Generally Accepted Accounting Principles consistently
  applied, and fully and fairly present the financial condition of the Borrower
  at the dates thereof and the results of operations for the periods covered
  thereby, and there have been no material adverse changes in the financial
  condition or business of the Borrower from September 30, 2000 to the date
  hereof.
  
				

 

	
  7.
  	
  Upon
  request by the Banks, the Borrower shall deliver a Corporate Certificate of
  Authority to the Agent dated as of the date of this Second Amendment, and in
  form and content acceptable to the Agent.
  
	 
  	 
  
	
  8.
  	
  This
  Second Amendment may be executed in any number of counterparts, each of which
  shall be deemed an original, but which taken together shall constitute one
  and the same instrument.
  
	 
  	 
  
	
  9.
  	
  Except
  as expressly modified by this Second Amendment, the Credit Agreement remains
  unchanged and in full force and effect.
  

IN WITNESS WHEREOF, the Borrower, the Banks
and the Agent have executed this Second Amendment as of the date first written
above.

	
  COMMUNITY
  FIRST

  BANKSHARES, INC
  	 
  	
  WELLS
  FARGO BANK MINNESOTA,

  NATIONAL ASSOCIATION, as Agent
  	 
  
	 
  	 
  	 
  	 
  
	
  By:
  /s/ Mark A. Anderson

  

  	 
  	
  By:
  /s/ Sidney W. Bennett

  

  	 
  
	
         Mark A. Anderson,

         President and Chief Executive
  Officer
  	
         Sidney W. Bennett,

         Vice President
  
	 
  	 
  	 
  	 
  
	
  By:
  /s/ Thomas R. Anderson

  

  	 
  	 
  	 
  
	
         Thomas R. Anderson,

         Treasurer
  
	 
  	 
  	 
  	 
  
	
  

  HARRIS TRUST AND SAVINGS BANK
  	 
  	
  WELLS
  FARGO BANK MINNESOTA,

  NATIONAL ASSOCIATION
  	 
  
	 
  	 
  	 
  	 
  
	
  By:         

  

  	 
  	
  By:
  /s/ Sidney W. Bennett

  

  	 
  
	
        Sidney W. Bennett,

        Its:  Vice President
  
	 
  	 
  	 
  	 
  
	
  Its:    

  

  	 
  	 
  	 
  

 

 

EXHIBIT A

CURRENT NOTE

 

$35,000,000.00                                     
                                          
                     December
22, 2000

          FOR
VALUE RECEIVED, the undersigned, COMMUNITY FIRST BANKSHARES, INC., a Delaware
corporation with offices in Fargo, North Dakota, promises to pay on April 30,
2001 to the order of Wells Fargo Bank Minnesota, National Association (the
“Bank”) at the Bank’s principal office in Minneapolis, Minnesota, or at any
other place designated at any time by the holder hereof, in lawful money of the
United States of America, the principal sum of THIRTY FIVE MILLION AND 00/100
DOLLARS ($35,000,000.00), or so much thereof as is disbursed and remains
outstanding hereunder as shown by the Bank’s liability record on the dates
payments are due hereunder, together with interest on the unpaid balance hereof
from the date hereof until this Note is fully paid at annual rates determined
in accordance with the provisions of the Credit Agreement defined below.  Interest on this Note shall be calculated on
the basis of actual number of days elapsed (i) in a 365-day year in the case of
the Base Rate Borrowings and Federal Funds Borrowings (as defined in the Credit
Agreement), and (ii) in a 360-day year in the case of Eurodollar Borrowings (as
defined in the Credit Agreement).

          This
Note constitutes a Current Note issued pursuant to the provisions of that
certain Amended and Restated Credit Agreement of even date herewith (the
“Credit Agreement”) made between the undersigned, the Bank, and Wells Fargo
Bank Minnesota, National Association (as lender and as agent).  Reference is hereby made to the Credit
Agreement for statements of the terms pursuant to which accrued interest on
this Note is payable.  Reference is also
hereby made to the Credit Agreement for statements of the terms pursuant to
which the indebtedness evidenced hereby was created, may be prepaid
voluntarily, may be reborrowed and may be accelerated.

          Unless
prohibited by law, the undersigned agrees to pay all costs of collection,
including reasonable attorneys’ fees and legal expenses, incurred by the holder
hereof in the event this Note is not duly paid.  The holder hereof may change any terms of payment of this Note,
including extensions of time and renewals, and release any security for, or any
party to, this Note, without notifying or releasing any accommodation maker,
endorser or guarantor from liability in connection with this Note.  Presentment or other demand for payment,
notice of dishonor and protest are hereby waived by the undersigned and each
endorser or guarantor.  This Note shall
be governed by the substantive laws of the State of Minnesota.

 

	 
  	 
  	 
  	
  COMMUNITY FIRST BANKSHARES, INC.
  	 
  	 
  
	 
  	 
  	 
  	 
  	 
  	 
  
	 
  	 
  	 
  	
  By:

  

  	 
  	 
  
	 
  	 
  	 
  	
  Mark A. Anderson,

  President and Chief Executive Officer
  	 
  	 
  
	 
  	 
  	 
  	 
  	 
  	 
  
	 
  	 
  	 
  	
  By:

  

  	 
  	 
  
	 
  	 
  	 
  	
  Thomas
  R. Anderson,

  Treasurer

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