SunTrust Leasing Corporation Commitment Letter to USA Truck, Inc. (Truck Acquisition Financing, 2003)

Contract Categories: Business Finance › Financing Agreements
Summary

SunTrust Leasing Corporation has issued a commitment letter to USA Truck, Inc. outlining a lease proposal for financing the company's truck acquisitions during the 2003 calendar year. The letter specifies that the monthly lease factors have been updated to reflect current market conditions as of October 29, 2002. USA Truck, Inc. has agreed to and accepted the terms of this proposal. The agreement sets the framework for the financing arrangement between the two parties for the specified period.

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EX-4.22 5 d03812exv4w22.txt SUNTRUST LEASING CORP COMMITMENT LETTER EXHIBIT 4.22 SUNTRUST LEASING CORPORATION COMMITMENT LETTER USA TRUCK, INC. October 29, 2002 Mr. Cliff Beckham Chief Financial Officer USA Truck, Inc. 3108 Industrial Park Road Van Buren, Arkansas 72956 Dear Cliff: We are pleased to provide the following lease proposal covering financing for your truck acquisitions for the 2003 calendar year for your review and consideration. The attached Proposal Exhibit outlines the details of our financing. You will note below that the monthly lease factors have been adjusted to reflect the prevailing market conditions as of October 29, 2002. Thank you for the opportunity to be of service on this transaction. Should you have any questions or require additional information, please do not hesitate to contact me at your convenience. Sincerely, /s/ Mark D. King SunTrust Leasing Corporation Mark D. King Vice President Agreed to and accepted on this 6th day of November, 2002 USA Truck, Inc. - ---------------------------------- Lessee By: /s/ Cliff Beckham C.F.O ------------------------------- Name/Title Cliff Beckham - ---------------------------------- Print Name Above