Credit Agreement Modification between RDO Equipment Co. and AG Capital Company (June 1, 2000)

Summary

RDO Equipment Co. and AG Capital Company have agreed to modify their existing credit agreement dated June 1, 1999. The main change is to the definition of the "Termination Date," which is now set as the earlier of December 1, 2000, or the date the lender's obligation to make advances ends under certain sections of the agreement. All other terms of the original credit agreement remain unchanged.

EX-10.1 2 0002.txt CREDIT AGREEMENT MODIFICATION ID NO. 221 EXHIBIT 10.1 AG CAPITAL COMPANY CREDIT AGREEMENT MODIFICATION FARGO, NORTH DAKOTA JUNE 1, 2000 The Credit Agreement made and entered into as of June 1, 1999, by and among RDO EQUIPMENT CO. ("BORROWER"), and AG CAPITAL COMPANY ("Agent"), is hereby modified as follows: Section one (1), DEFINITIONS, page 7, of the Credit Agreement, shall be modified as follows: "TERMINATION DATE" MEANS THE EARLIER OF (a) DECEMBER 1, 2000; OR (b) THE DATE UPON WHICH THE OBLIGATION OF THE LENDER TO MAKE ADVANCES IS TERMINATED PURSUANT TO SECTION 2.7 OR SECTION 3.7. Except as expressly modified by the terms of this Credit Agreement Modification, all of the terms and conditions of the Credit Agreement shall remain in full force and effect. IN WITNESS WHEREOF, the parties have executed this agreement this _1_ day of June, 2000. RDO EQUIPMENT CO. A Delaware corporation By: /S/TKE --------------------------- Thomas K. Espel Its: Chief Financial Officer AG CAPITAL COMPANY A Delaware corporation By: /S/Todd D. Zabel --------------------------- Todd D. Zabel Its: Loan Officer 1