SEC Contract Filing

Filing Date: 2023-06-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex_530334.htm
<DESCRIPTION>EXHIBIT 10.2
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<p style="margin: 0pt; text-align: right; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.2</b></font></p>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>FIRST AMENDMENT TO THE</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>FIRST AMENDED AND RESTATED BMO WHOLESALE FINANCING AND SECURITY AGREEMENT</b></p>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><b>THIS FIRST AMENDMENT TO THE AMENDED AND RESTATED BMO WHOLESALE FINANCING AND SECURITY AGREEMENT </b>(this &#8220;<b>AMENDMENT</b>&#8221;) is made as of and with effect from the 1<sup style="vertical-align:top;line-height:120%;font-size:pt">st</sup> day of June 2023, between <b>BANK OF MONTREAL</b> (&#8220;<b>BMO</b>&#8221;), as lender, <b>RUSH TRUCK CENTRES OF CANADA LIMITED</b> (&#8220;<b>DEALER</b>&#8221;), as borrower, and <b>RUSH ENTERPRISES, INC.</b>, as guarantor (&#8220;<b>HOLDINGS</b>&#8221;).</p>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><b>CONTEXT OF AGREEMENT</b></p>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">BMO and DEALER are parties to that certain Amended and Restated BMO Wholesale Financing and Security Agreement dated the 15<sup style="vertical-align:top;line-height:120%;font-size:pt">th</sup> day of July 2022 (as amended from time to time, the &#8220;Agreement&#8221;).</p>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">The parties hereto desire to amend the Agreement in certain respects, subject to the terms and conditions hereof.</p>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"><b>NOW, THEREFORE,</b> in consideration of the premises and the mutual covenants hereinafter contained, and intending to be legally bound, the parties hereto agree to amend the Agreement, without novation, as follows:</p>

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 <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;"><b>1.</b></p>
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 <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;"><b>INTERPRETATION </b></p>
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 <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;"><b>1.1</b></p>
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 <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"><b>Definitions </b>&#8212;&nbsp;In this Amendment, terms used and not otherwise defined herein have the meanings ascribed to them in the Agreement.</p>
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