Amendment to Wholesale Floor Plan Credit Facility and Security Agreement between Titan Machinery, Inc. and CNH Industrial Capital America LLC (January 18, 2019)

Contract Categories: Business Finance › Modification Agreements
Summary

Titan Machinery, Inc. and CNH Industrial Capital America LLC have agreed to amend their existing Wholesale Floor Plan Credit Facility and Security Agreement. Effective January 18, 2019, the total credit limit available to Titan under this facility is set at $310,000,000. Both parties have acknowledged and accepted this amendment in writing. The agreement outlines the updated credit terms between the two companies.

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EX-10.9.10 4 a10kfy19ex10910.htm EXHIBIT 10.9.10 Exhibit


January 18, 2019

Titan Machinery, Inc.
644 E Beaton Dr.
West Fargo, ND 58078

Attn: Mark Kalvoda
Chief Financial Officer
via electronic mail

Re: Wholesale Floor Plan Credit Facility

Dear Mr. Kalvoda,

Titan Machinery, Inc. (“Titan”) and CNH Industrial Capital America LLC (“CNHI”) are parties to that Amended and Restated Wholesale Floor Plan Credit Facility and Security Agreement dated November 13, 2007, as amended from time to time (the “Agreement”). This letter will confirm that, effective January 18, 2019, the current total wholesale floor plan credit limit for Titan is $310,000,000.00.

Best Regards,

CNH Industrial Capital America LLC


_________________________________________
Mike VanVlaenderen, Strategic Accounts Manager


Titan agrees to the above described amendment to the Amended and Restated Wholesale Floor Plan Credit Facility and Security Agreement dated November 13, 2007, as amended.

Titan Machinery, Inc.


_________________________________________
Mark Kalvoda, Chief Financial Officer

CNH Industrial Capital America LLC
5729 Washington Ave
Racine WI 53406