LOAN NAME

Contract Categories: Business Finance - Loan Agreements
EX-4.1 2 dex41.htm EXHIBIT 4.1 Exhibit 4.1

Exhibit 4.1

 

LOAN NUMBER

  

LOAN NAME

  

ACCT. NUMBER

  

ORIGINAL

AGREEMENT DATE

    
156809    Optical Cable Corporation    19398    9/22/06   

NOTE AMOUNT

  

INDEX (w/Margin)

       

MATURITY DATE

  

LOAN PURPOSE

$5,000,000.00    30 day LIBOR plus 2.150%       2/28/08    Commercial

AMENDMENT #1 TO COMMERCIAL LOAN AGREEMENT

(Commercial – Revolving Draw)

DATE AND PARTIES. The date of this Amendment #1 to Commercial Loan Agreement (hereafter “Amended Agreement”) is February 29, 2008. The parties and their addresses are as follows:

 

LENDER:

  

BORROWER:

VALLEY BANK    OPTICAL CABLE CORPORATION

36 W. Church Ave. S.W.

Roanoke, Virginia 24011

  

                a Virginia Corporation

5290 Concourse Drive

Roanoke, Virginia 24019

WHEREAS, by mutual agreement the parties desire to modify certain terms of that Commercial Loan Agreement dated September 22, 2006 (“Original Agreement”),

NOW THEREFORE, in exchange for mutual consideration, the sufficiency of which is hereby acknowledged, the parties agree that the Original Agreement is hereby supplemented, amended, corrected, and restated as follows:

 

  1) The Original Agreement is hereby extended through April 28, 2008.

 

  2) Except as supplemented, amended, and corrected herein, all of the terms and conditions of the Original Agreement otherwise remain in full force and effect.

SIGNATURES. By signing under seal, the parties hereby agree to the extension contained in this Agreement. The parties hereto also acknowledge receipt of a copy of this Amended Agreement.

 

BORROWER:       LENDER:        
Optical Cable Corporation   Valley Bank        
By:  

/s/ Tracy G. Smith

  (Seal)   By:  

/s/ Scott Leffel

  (Seal)
Name:   Tracy G. Smith     Name:   Scott Leffel  
Title   Vice President and CFO     Title:   Vice President