SEC Contract Filing

Filing Date: 2020-02-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.31
<SEQUENCE>17
<FILENAME>ucbi1231201910kex1031.htm
<DESCRIPTION>EXHIBIT 10.31
<TEXT>
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<div><a name="sdfc020864e9441f081b8c05d33bc2e30"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.31</font></div></div><div><br></div><div style="line-height:120%;padding-top:30px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">FIFTH AMENDMENT TO CREDIT AGREEMENT</font></div><div style="line-height:120%;padding-top:17px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">THIS FIFTH AMENDMENT TO CREDIT AGREEMENT (this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#8220;Amendment&#8221;)</font><font style="font-family:inherit;font-size:12pt;">&#32;is dated as of the 18th day of February, 2020 by and between UNITED COMMUNITY BANKS, INC., a Georgia corporation (the </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#8220;Borrower&#8221;),</font><font style="font-family:inherit;font-size:12pt;">&#32;and SYNOVUS BANK, as Lender (the </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#8220;Lender&#8221;).</font><font style="font-family:inherit;font-size:12pt;">&#32;</font></div><div style="line-height:120%;padding-top:19px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Borrower and the Lender entered into that certain Credit Agreement dated as of January 7, 2014 (as amended by the First Amendment defined below, the Second Amendment defined below, the Third Amendment defined below, the Fourth Amendment defined below, and as in effect prior to the date hereof, the </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#8220;Credit Agreement&#8221;);</font></div><div style="line-height:120%;padding-top:18px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Borrower and the Lender previously entered into that certain First Amendment to Credit Agreement dated as of June 30, 2015, extending the Maturity Date to June 30, 2018 (the </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#8220;First Amendment&#8221;);</font></div><div style="line-height:120%;padding-top:19px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Borrower and the Lender previously entered into that certain Second Amendment to Credit Agreement dated as of June 30, 2016, extending the Maturity Date to June 30, 2019 (the </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#8220;Second Amendment&#8221;);</font></div><div style="line-height:120%;padding-top:18px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Borrower and the Lender previously entered into that certain Third Amendment to Credit Agreement dated as of June 30, 2017, reducing the pricing on the terms and conditions set forth therein (the </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#8220;Third Amendment&#8221;);</font></div><div style="line-height:120%;padding-top:18px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Borrower and the Lender previously entered into that certain Fourth Amendment to Credit Agreement dated as of August 7, 2018, extending the Maturity Date to June 30, 2020 and updating LIBOR provisions on the terms and conditions set forth therein (the </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#8220;Fourth Amendment&#8221;);</font></div><div style="line-height:120%;padding-top:18px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Borrower has requested that the Lender amend the Credit Agreement to extend the Maturity Date of the Credit Agreement to June 30, 2022 and make certain other modifications as detailed below; and</font></div><div style="line-height:120%;padding-top:18px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Lender is willing to amend the Credit Agreement to extend the Maturity Date to June 30, 2022 and make other modifications on the terms and conditions contained in this Amendment.</font></div><div style="line-height:120%;padding-top:19px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:</font></div><div style="line-height:120%;padding-top:18px;text-align:justify;text-indent:28px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 1. </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Definitions.</font><font style="font-family:inherit;font-size:12pt;">&#32;Capitalized terms used in this Amendment and not otherwise defined herein shall have the respective meanings given such terms in the Credit Agreement.</font></div><div style="line-height:120%;padding-top:18px;text-align:justify;text-indent:28px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 2. </font><font style="font-family:inherit;