SEC Contract Filing

Filing Date: 2024-02-20

Document Content:
<DOCUMENT>
<TYPE>EX-10.4 (J)
<SEQUENCE>2
<FILENAME>exhibit104jindependentbank.htm
<DESCRIPTION>EX-10.4 (J)
<TEXT>
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<title>Document</title></head><body><div id="i58e549f16a9342bfa9b4de8abbed74a0_1"></div><div style="min-height:31.68pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Exhibit 10.4 (j)</font></div></div><div style="margin-top:3.95pt;padding-right:42.8pt;text-align:right"><font><br></font></div><div style="padding-right:42.8pt;text-align:right"><font><br></font></div><div style="padding-right:42.8pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:100%">Execution Version</font></div><div style="margin-top:8.45pt"><font><br></font></div><div style="padding-left:167.65pt;padding-right:167.65pt;text-align:center;text-indent:-58.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">WAIVER AND SEVENTH AMENDMENT TO CREDIT AGREEMENT</font></div><div style="margin-top:10.1pt"><font><br></font></div><div style="padding-left:74pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">This WAIVER AND SEVENTH AMENDMENT TO CREDIT AGREEMENT (this</font></div><div style="padding-left:38pt;padding-right:42.9pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Amendment</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;) is dated as of February 16, 2024 and is between INDEPENDENT BANK GROUP, INC., a Texas corporation (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Borrower</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;), and U.S. BANK NATIONAL ASSOCIATION (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">U.S. Bank</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;), a national banking association, as the Lender (the &#8220;Lender&#8221;) and as Administrative Agent.</font></div><div style="margin-top:12.1pt;padding-left:23.7pt;padding-right:23.7pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">RECITALS</font></div><div style="margin-top:10.1pt"><font><br></font></div><div style="padding-left:38pt;padding-right:42.75pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">A.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;padding-left:22.34pt">Borrower, the Lender and the Administrative Agent are party to a Credit Agreement dated as of January 17, 2019, a First Amendment to Credit Agreement dated as of January 17, 2020, a Second Amendment to Credit Agreement dated as of January 15, 2021, a Third Amendment to Credit Agreement dated as of January 17, 2022 and a Fourth Amendment to Credit Agreement dated as of February 16, 2022, a Fifth Amendment to Credit Agreement dated as of February 16, 2023, and a Sixth Amendment to Credit Agreement dated as of March 16, 2023 (as amended, restated or otherwise modified, the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Credit Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;). Capitalized terms not otherwise defined in this Amendment shall have the meanings respectively ascribed to them in the Credit Agreement.</font></div><div style="margin-top:12pt;padding-left:38pt;padding-right:42.75pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">B.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;padding-left:23pt">Consolidated Bank Subsidiaries failed to comply with the minimum Return on Average Assets covenant in Section 6.9(d) of the Credit Agreement for the fiscal quarter ending December 31, 2023 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">ROAA Default</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;)&#59;</font></div><div style="margin-top:12pt;padding-left:38pt;padding-right:42.75pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">C.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;padding-left:23pt">The parties hereto desire to amend and modify the Credit Agreement and waive the ROAA Default in accordance with the terms and subject to the conditions set forth in this Amendment.</font></div><div style="margin-top:12pt;padding-left:38pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">NOW, THE