Document:

Ninth Amendment to Credit Agreement

 Exhibit 10.1 
  
 NINTH AMENDMENT TO CREDIT AGREEMENT 
  
 THIS NINTH AMENDMENT TO CREDIT AGREEMENT (“this Amendment”) dated as of May 31, 2005, but actually executed
on June 6, 2005, is entered into by ALABAMA NATIONAL BANCORPORATION, a Delaware corporation (the “Borrower”) and AMSOUTH BANK, an Alabama banking corporation and formerly known as AmSouth Bank of Alabama (the
“Lender”). 
  
 Recitals 
  
 A. The Borrower and the Lender have entered into a Credit Agreement dated as
of December 29, 1995 as amended by a First Amendment thereto dated as of January 20, 1997, a Second Amendment thereto dated as of January 19, 1998, a Third Amendment thereto dated as of May 31, 1999, a Fourth Amendment thereto dated as of May 31,
2000, a Fifth Amendment thereto dated as of May 31, 2001, a Sixth Amendment thereto dated as of May 31, 2002, a Seventh Amendment thereto dated as of May 31, 2003 and an Eighth Amendment thereto dated as of May 31, 2004 (as so amended, the
“Agreement”). 
  
 B. The Borrower and the Lender now
desire to further amend the Agreement by making the changes set forth in this Amendment. 
  
 Agreement 
  
 NOW, THEREFORE, in consideration of the recitals and the mutual obligations and covenants contained herein, the Borrower and the Lender hereby agree as follows: 
  
 1. Capitalized terms used in this Amendment and not otherwise defined herein have the respective meanings attributed thereto
in the Agreement. 
  
 2. The defined term “Facility
Termination Date” set forth in Article I of the Agreement is hereby further amended to read, in its entirety, as follows: 
  
 “Facility Termination Date” means May 30, 2006, as such date may be extended from time to time pursuant to Section 2.5 or
accelerated pursuant to Section 7.2. 
  
 3. The defined term
“LIBOR-Based Rate” set forth in Article I of the Agreement is hereby amended to read, in its entirety, as follows: 
  
 “LIBOR-Based Rate” means a rate per annum equal to the LIBOR Quote plus 65 basis points. 
  
 4. The defined term “Maximum Credit Amount” set forth in Article I
of the Agreement is hereby amended to read, in its entirety, as follows: 
  
 “Maximum Credit Amount” means $10,000,000. 
  

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 5. The defined term “Quarterly Payment Date” shall be added to Article I of the Agreement to
read, in its entirety, as follows: 
  
 “Quarterly Payment Date” shall mean the first day of each successive January, April, July, and October in each year. 
  
 6. The reference in Section 2.1 of the Agreement to the figure “$30,000,000” is hereby amended to read “$10,000,000”. 
  
 7. Section 2.7 of the Agreement is hereby deleted in its entirety.

  
 8. Article 2 of the Agreement is hereby amended to add thereto
the following Section 2.7: 
  
 SECTION 2.7
Quarterly Availability Fee. The Borrower shall pay to the Lender an availability fee (the “Availability Fee”) computed at the rate of one-tenth of one percent (10 basis points) per annum times the daily average unused portion of
the Loan. Anything contained in this Agreement to the contrary notwithstanding, for purposes of calculating the Availability Fee payable by the Borrower pursuant to this Section 2.7, the “unused portion of the Loan” as of any date of
determination shall be an amount equal to (i) the Maximum Credit Amount minus (ii) the outstanding principal amount of the Loan as of such date. The Availability Fee shall be payable in arrears on each Quarterly Payment Date in each year, commencing
July 1, 2005, and on the Facility Termination Date or the date of any earlier termination of this Agreement. The Availability Fee shall be computed on an Actual/360 Day Basis. 
  
 9. Exhibit D to the Agreement shall be amended in its entirety and replaced with Revised Exhibit D attached
hereto and made a part hereof. 
  
 10. Notwithstanding the
execution of this Amendment, all of the indebtedness evidenced by the Note shall remain in full force and effect, as modified hereby; and nothing contained in this Amendment shall be construed to constitute a novation of the indebtedness evidenced
by the Note or to release, satisfy, discharge, terminate or otherwise affect or impair in any manner whatsoever (a) the validity or enforceability of the indebtedness evidenced by the Note; (b) the liability of any maker, endorser, surety, guarantor
or other person that may now or hereafter be liable under or on account of the Note or the Agreement or the Credit Documents; or (c) any security or other instrument now or hereafter held by the Lender as security for or as evidence of any of the
above-described indebtedness. 
  
 11. All references in the Credit
Documents to “Credit Agreement” shall refer to the Agreement as amended by this Amendment, and as the Agreement may be further amended from time to time. 
  
 12. The Borrower certifies that the organizational documents of the Borrower have not been amended since May 31, 1999.

  

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 13. The Borrower hereby represents and warrants to the Lender that all representations and warranties
contained in the Agreement are true and correct as of the date hereof (except representations and warranties that are expressly limited to an earlier date); and the Borrower hereby certifies that no Event of Default nor any event that, upon notice
or lapse of time or both, would constitute an Event of Default, has occurred and is continuing. 
  
 14. Except as hereby amended, the Agreement shall remain in full force and effect as written. This Amendment may be executed in one or more counterparts,
each of which shall be deemed an original, and all of which when taken together shall constitute one and the same instrument. The covenants and agreements contained in this Amendment shall apply to and inure to the benefit of and be binding upon the
parties hereto and their respective successors and permitted assigns. 
  
 15. Nothing contained herein shall be construed as a waiver, acknowledgment or consent to any breach of or Event of Default under the Agreement and the Credit Documents not specifically mentioned herein, and the consents granted herein are
effective only in the specific instance and for the purposes for which given. 
  
 16. This Amendment shall be governed by the laws of the State of Alabama. 
  
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 IN WITNESS WHEREOF, the Borrower and the Lender have caused this Amendment to be executed and
delivered by their duly authorized corporate officers as of the day and year first above written but actually on the date set forth below their signature. 
  

			
	ALABAMA NATIONAL BANCORPORATION
		
	By:	 	 /s/ William E. Matthews, V

	 	 	Its Executive Vice President and CFO
	
	June 6, 2005
	
	AMSOUTH BANK
		
	By:	 	 /s/ John M. Kettig

	 	 	Its Senior Vice President
	
	June 6, 2005

  

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 REVISED 
 EXHIBIT D 
  
 Subsidiaries Stock Information 
  

									
	 Subsidiary

	  	Certificate No.

	  	No. of Shares

	  	Issued To

	  	Date

	 1. Alabama Exchange Bank
	  	C285
C284
C283
C281	  	3,134
16,006
21
102	  	Borrower
Borrower
Borrower
Borrower	  	5/07/93
5/07/93
1/15/91
12/17/90
					
	 2. Bank of Dadeville
	  	445	  	4,000	  	Borrower	  	6/12/90
					
	 3. First Gulf Bank, National Association
	  	004	  	25,000	  	Borrower	  	3/18/05
					
	 4. Citizens and Peoples Bank, National Association
	  	3	  	25,000	  	Borrower	  	9/2/97
					
	 5. First American Bank
	  	781	  	20,000	  	Borrower	  	11/30/97
					
	 6. Public Bank
	  	365	  	231,550	  	Borrower	  	5/29/98
					
	 7. Community Bank of Naples, National Association
	  	001	  	1,000,000	  	Borrower	  	12/31/98
					
	 8. Georgia State Bank
	  	2	  	453,912	  	Borrower	  	10/02/98
					
	 9. Millennium Bank
	  	2	  	100	  	Borrower	  	7/9/03
					
	 10. Indian River National Bank
	  	1019	  	220,683	  	Borrower	  	3/01/04
					
	 11. CypressCoquina Bank
	  	1	  	725,142	  	Borrower	  	9/27/04

  

 D-1Seventh Note Modification Agreement

 Exhibit 10.2 
  
 SEVENTH NOTE MODIFICATION AGREEMENT 
  
 THIS SEVENTH NOTE MODIFICATION AGREEMENT (“this Agreement”) dated as of May 31, 2005, but actually executed
on June 6, 2005, is entered into by AMSOUTH BANK, an Alabama banking corporation and formerly known as AmSouth Bank of Alabama (the “Lender”), and ALABAMA NATIONAL BANCORPORATION, a Delaware corporation (the
“Borrower”). 
  
 Recitals 
  
 A. The Borrower and the Lender have entered into a Credit Agreement dated as
of December 29, 1995 as amended by a First Amendment thereto dated as of January 20, 1997, a Second Amendment thereto dated as of January 19, 1998, a Third Amendment thereto dated as of May 31, 1999, a Fourth Amendment thereto dated as of May 31,
2000, a Fifth Amendment thereto dated as of May 31, 2001, a Sixth Amendment thereto dated as of May 31, 2002, a Seventh Amendment thereto dated as of May 31, 2003, an Eighth Amendment thereto dated as of May 31, 2004 and a Ninth Amendment thereto
dated as of May 31, 2005 (as so amended, the “Credit Agreement”) pursuant to the terms of which the Lender has made a line of credit available to the Borrower, as evidenced by a master note dated December 29, 1995 executed and delivered by
the Borrower to the Lender, as modified by a Note Modification Agreement dated as of January 20, 1997, a Second Note Modification Agreement dated as of May 31, 2000, a Third Note Modification Agreement dated as of May 31, 2001, a Fourth Note
Modification Agreement dated as of May 31, 2002, a Fifth Note Modification Agreement dated as of May 31, 2003 and a Sixth Note Modification Agreement dated as of May 31, 2004 (as so modified, the “Master Note”). 
  
 B. The Borrower has requested the Lender to consent to a further modification
of the Master Note as provided below. The Lender has agreed to such modification of the Master Note, provided the Borrower executes this Agreement. 
  
 Agreement 
  
 NOW, THEREFORE, in consideration of the foregoing recitals and of the mutual agreement of the parties hereto, the parties hereto hereby agree as
follows: 
  
 1. The reference to the figure in the upper
left-hand corner of the Master Note is hereby amended to read “$10,000,000”. 

 2. The first sentence of the first paragraph of the Master Note is hereby further amended to read, in its
entirety, as follows: 
  
 FOR VALUE RECEIVED,
ALABAMA NATIONAL BANCORPORATION, a Delaware corporation (the “Borrower”), promises to pay to the order of AMSOUTH BANK, an Alabama banking corporation (herein called the “Lender,” and together with any subsequent
holder of this note called the “Holder”), the principal sum of Ten Million and No/100 Dollars ($10,000,000.00), or so much thereof as may be advanced by the Lender from time to time under the Credit Agreement dated as of December 29, 1995
between the Borrower and the Lender as amended by a First Amendment thereto dated as of January 20, 1997, a Second Amendment thereto dated as of January 19, 1998, a Third Amendment thereto dated as of May 31, 1999, a Fourth Amendment thereto dated
as of May 31, 2000, a Fifth Amendment thereto dated as of May 31, 2001, a Sixth Amendment thereto dated as of May 31, 2002, a Seventh Amendment thereto dated as of May 31, 2003, an Eighth Amendment thereto dated as of May 31, 2004 and a Ninth
Amendment thereto dated as of May 31, 2005 (as so amended and as further amended from time to time, the “Credit Agreement”). 
  
 3. Section 7 of the Master Note is hereby deleted in its entirety. 
  
 4. Interest on the Master Note shall continue to be payable as provided in the Credit Agreement. 
  
 5. All references in the Master Note to “Credit Agreement” shall
refer to the Credit Agreement (as defined above) and to the Credit Agreement as it may be further amended from time to time. 
  
 6. Notwithstanding the execution of this Agreement, the Master Note shall remain in full force and effect, as modified hereby; and nothing herein
contained and nothing done pursuant hereto shall be construed to release, satisfy, discharge, terminate or otherwise affect or impair in any manner whatsoever (a) the validity or enforceability of the indebtedness evidenced by the Master Note,
except as expressly modified hereby; (b) the liability of any maker, endorser, surety, guarantor or any party or parties whatsoever who may now or hereafter be liable under or on account of the Master Note or the Credit Agreement; or (c) any
security or other instrument held by the Lender now or hereafter as security for or evidence of the above-described indebtedness or any thereof. 
  
 7. This Agreement shall be binding upon the successors and assigns of the parties hereto. 
  
 8. This Agreement shall be governed by and construed in accordance with the laws of the State of Alabama. 
  
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 IN WITNESS WHEREOF, the Lender and the Borrower have caused this Agreement to be executed and
delivered by their duly authorized corporate officers as of the day and year first above written but actually on the date set forth below their signature. 
  

			
	ALABAMA NATIONAL BANCORPORATION
		
	By:	 	 /s/ William E. Matthews, V

	 	 	Its Executive Vice President and CFO
	
	June 6, 2005
	
	AMSOUTH BANK
		
	By:	 	 /s/ John M. Kettig

	 	 	Its Senior Vice President
	
	June 6, 2005

  

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