Exhibit 4(j)
SIXTH
AMENDMENT
TO
LINE OF CREDIT LOAN AGREEMENT
THIS SIXTH AMENDMENT TO LINE OF CREDIT LOAN AGREEMENT (Sixth Amendment) is dated July 5, 2007, to be made effective retroactive to July 1, 2007, by and between M G P INGREDIENTS, INC. (Company) and COMMERCE BANK, N.A. (Bank).
WHEREAS, Company and Bank entered into that certain Line of Credit Loan Agreement dated November 25, 2003, as amended pursuant to (i) that certain First Amendment to Line of Credit Loan Agreement dated September 17, 2004, (ii) that certain Second Amendment to Line of Credit Loan Agreement dated as of November 30, 2004, (iii) that certain Third Amendment to Line of Credit Loan Agreement dated as of September 9, 2005, (iv) that certain Fourth Amendment to Line of Credit Loan Agreement dated as of June 30, 2006, and (v) that certain Fifth Amendment to Line of Credit Loan Agreement dated as of December 28, 2006 (as previously amended, the Loan Agreement);
WHEREAS, pursuant to the terms of the Loan Agreement, the Line of Credit matured on July 1, 2007, and all sums outstanding on such date became due and payable in full; and
WHEREAS, Company desires to extend the maturity of and amend the Line of Credit as hereinafter set forth.
NOW, THEREFORE, Company, and Bank agree as follows:
The Line of Credit shall be evidenced by the Fifth Amended and Restated Line of Credit Note in form and substance acceptable to Bank (the Line of Credit Note).
Upon the occurrence of an Event of Default as defined in Section 4.1, or on July 1, 2008, the outstanding principal balance of the Line of Credit Note together with all accrued interest shall become immediately due and payable in full.
BY SIGNING BELOW, YOU AND WE AGREE THAT THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN US.
IN WITNESS WHEREOF, the parties hereto have caused this Sixth Amendment to be executed by their respective officers as of the date written above.
M G P INGREDIENTS, INC. |
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By: |
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/s/ Ladd Seaberg |
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Title: |
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Chairman & CEO |
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By: |
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/s/ Brian T. Cahill |
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Title: |
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CFO |
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COMMERCE BANK, N.A. |
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By: |
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/s/ Wayne C. Lewis |
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Title: |
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Vice President |
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