Document:

EX-10.12 FIRST AMENDMENT TO CREDIT AGREEMENT

 

Exhibit 10.12

FIRST AMENDMENT TO CREDIT AGREEMENT

     THIS FIRST AMENDMENT TO CREDIT AGREEMENT is entered into and effective as of August 27, 2004,
by and between UNITED COMMUNITY BANKS, INC., a Georgia corporation and bank holding company (the
“Company”), and M&I MARSHALL & ILSLEY BANK (in its capacity as a Lender and as the Agent under the
Credit Agreement, the “Bank”).

     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 following meanings specified:

     1.1 “Amendment” shall mean this First Amendment to Credit Agreement.

     1.2 “Credit Agreement” shall mean the Credit Agreement dated as of August 28, 2003, by
and among the Company, the Lenders and the Agent, as amended.

ARTICLE II

AMENDMENTS

     The Credit Agreement is hereby amended as follows:

     2.1 Amendments. The following definitions contained in Section 1.1 of the Credit
Agreement are hereby amended in their entirety to read as follows:

     “Termination Date” shall mean, (a) as to the Revolving Loans,
December ___, 2004 and (b) as to the Term Loans, five years from the date such
Term Loan is made by the Lenders, or, in each case, such earlier date on which the
Obligations shall terminate as provided in this Agreement.

     “Revolving Loan Commitments” shall mean the separate and independent
obligation of each Lender to make loans to the Company in accordance with the terms
and conditions of this Agreement in not more than the aggregate principal amount of
$35,000,000.00 as to M&I, and, currently, zero as to any other Lender.

     2.2 Miscellaneous Amendments. The Credit Agreement, the Notes, the Related Documents
and all other agreements and instruments executed and delivered heretofore or hereafter pursuant to
the Credit Agreement are amended hereby so that any reference therein to the Credit Agreement shall
be deemed to be a reference to such agreements and instruments as amended by or pursuant to this
Amendment.

 

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

     The Company hereby represents and warrants to the Bank that:

     3.1 Credit Agreement. All of the representations and warranties made by the Company
in the Credit Agreement are true and correct in all material respects on the date of this
Amendment. No Default or Event of Default under the Credit 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 performance of and compliance with the terms of the Credit Agreement have been duly
authorized by all necessary corporate action by the Company. This Amendment is the valid and
binding obligation of the Company, enforceable against the Company in accordance with its terms.

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

ARTICLE IV

MISCELLANEOUS

     4.1 Continuance of Credit Agreement and Related Documents. Except as specifically
amended by this Amendment, the Credit Agreement and all Related Documents 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 shall be governed by, and construed and interpreted
in accordance with, the laws of the State of Wisconsin applicable to agreements made and wholly
performed within such state.

     4.4 Counterparts; Headings. This Amendment may be 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 this Amendment which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions of this
Amendment in such jurisdiction or affecting the validity or enforceability of any provision in any
other jurisdiction.

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     4.6 Conditions. The effectiveness of this Amendment is subject to the Bank having
received on or before the date hereof, in form and substance satisfactory to the Bank and its
counsel,
executed originals of this Amendment and such additional supporting documents and materials as the
Bank may reasonably request.

     4.7 Other Capitalized Terms. All capitalized terms used in this Amendment and not
specifically defined herein shall have the definitions assigned to such terms in the Credit
Agreement.

[signature page to follow]

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     IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to Credit Agreement
as of the day and year first written above.

	 	 	 	 	 
	 	 	UNITED COMMUNITY BANKS, INC.
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	 
	

	 	Name:	 	 
	

	 	 	 	 
	

	 	Title:	 	 
	

	 	 	 	 
	 
	 	 	 	 
	 	 	M&I MARSHALL & ILSLEY BANK
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	 
	

	 	Name:	 	 
	

	 	 	 	 
	

	 	Title:	 	 
	

	 	 	 	 
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	 
	

	 	Name:	 	 
	

	 	 	 	 
	

	 	Title:	 	 
	

	 	 	 	 

4EX-10.13 SECOND AMENDMENT TO CREDIT AGREEMENT

 

Exhibit 10.13

SECOND AMENDMENT TO CREDIT AGREEMENT

     THIS SECOND AMENDMENT TO CREDIT AGREEMENT is entered into and effective as of December ___,
2004, by and among UNITED COMMUNITY BANKS, INC., a Georgia corporation and bank holding company
(the “Company”), M&I MARSHALL & ILSLEY BANK (“M&I”) and BANCORP BANK (“Bancorp”, M&I and Bancorp,
each a “Lender” and collectively the “Lenders”) and M&I, in its capacity as Agent for and on behalf
of the Lenders (the “Agent”).

     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 following meanings specified:

     1.1 “Amendment” shall mean this Second Amendment to Credit Agreement.

     1.2 “Credit Agreement” shall mean the Credit Agreement dated as of August 28, 2003, by
and among the Company, the Lenders and the Agent, as amended.

ARTICLE II

AMENDMENTS

     The Credit Agreement is hereby amended as follows:

     2.1 Amendments. The following definitions contained in Section 1.1 of the Credit
Agreement are hereby amended in their entirety to read as follows:

     “Termination Date” shall mean, (a) as to the Revolving Loans,
August 27, 2005, and (b) as to the Term Loans, five years from the date such
Term Loan is made by the Lenders, or, in each case, such earlier date on which the
Obligations shall terminate as provided in this Agreement.

     “Revolving Loan Commitments” shall mean the separate and independent
obligation of each Lender to make loans to the Company in accordance with the terms
and conditions of this Agreement in not more than the aggregate principal amount of:

$35,000,000.00     as to M&I

$10,000,000.00     as to Bancorp.

     2.2 Miscellaneous Amendments. The Credit Agreement, the Notes, the Related Documents
and all other agreements and instruments executed and delivered heretofore or hereafter pursuant to
the Credit Agreement are amended hereby so that any reference therein to the Credit Agreement shall
be deemed to be a reference to such agreements and instruments as amended by or

 

 

pursuant to this Amendment. Each reference in the Credit Agreement to “Compass” shall hereafter be
deemed to be a reference to “Bancorp”.

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

     The Company hereby represents and warrants to the Lenders and the Agent that:

     3.1 Credit Agreement. All of the representations and warranties made by the Company
in the Credit Agreement are true and correct in all material respects on the date of this
Amendment. No Default or Event of Default under the Credit 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 performance of and compliance with the terms of the Credit Agreement have been duly
authorized by all necessary corporate action by the Company. This Amendment is the valid and
binding obligation of the Company, enforceable against the Company in accordance with its terms.

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

ARTICLE IV

MISCELLANEOUS

     4.1 Continuance of Credit Agreement and Related Documents. Except as specifically
amended by this Amendment, the Credit Agreement and all Related Documents 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 shall be governed by, and construed and interpreted
in accordance with, the laws of the State of Wisconsin applicable to agreements made and wholly
performed within such state.

     4.4 Counterparts; Headings. This Amendment may be 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 this Amendment which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such

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

     4.6 Conditions. The effectiveness of this Amendment is subject to the Agent and each
Lender having received on or before the date hereof, in form and substance satisfactory to the
Agent and each Lender and its counsel, executed originals of this Amendment and an executed
original of the Revolving Credit Note in favor of Bancorp, and such additional supporting documents
and materials as the Agent and each Lender may reasonably request.

     4.7 Other Capitalized Terms. All capitalized terms used in this Amendment and not
specifically defined herein shall have the definitions assigned to such terms in the Credit
Agreement.

[signature page to follow]

3

 

     IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment to Credit Agreement
as of the day and year first written above.

	 	 	 	 	 
	 	 	UNITED COMMUNITY BANKS, INC.
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	 
	

	 	Name:	 	 
	

	 	 	 	 
	

	 	Title:	 	 
	

	 	 	 	 
	 
	 	 	 	 
	 	 	M&I MARSHALL & ILSLEY BANK, as a Lender
 and as Agent
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	 
	

	 	Name:	 	 
	

	 	 	 	 
	

	 	Title:	 	 
	

	 	 	 	 
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	 
	

	 	Name:	 	 
	

	 	 	 	 
	

	 	Title:	 	 
	

	 	 	 	 
	 
	 	 	 	 
	 	 	BANCORP BANK, as a Lender
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	 
	

	 	Name:	 	 
	

	 	 	 	 
	

	 	Title:	 	 
	

	 	 	 	 

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