SunTrust Leasing Corporation Commitment Letter to USA Truck, Inc. (Truck Acquisition Financing, 2002)

Summary

SunTrust Leasing Corporation has issued a commitment letter to USA Truck, Inc. to provide lease financing for the company's truck acquisitions during the 2002 calendar year. The agreement outlines the terms and conditions for the financing, which are consistent with a previous proposal from January 2000, except for updated monthly lease factors reflecting current market conditions. USA Truck, Inc. agrees to these terms, enabling them to finance their truck purchases through SunTrust Leasing for the specified period.

EX-4.16 6 d95222ex4-16.txt SUN TRUST LEASING CORP COMMITMENT LETTER EXHIBIT 4.16 SUNTRUST LEASING CORPORATION COMMITMENT LETTER USA TRUCK, INC. October 24, 2001 Mr. Jerry Orler Chief Financial Officer USA Truck, Inc. 3108 Industrial Park Road Van Buren, Arkansas 72956 Dear Jerry: We are pleased to provide the following lease proposal covering financing for your truck acquisitions for the 2002 calendar year for your review and consideration. The attached Proposal Exhibit outlines the details of our financing. Per your request, the terms and conditions of this proposal are identical to our original lease proposal dated January 4, 2000. You will note below that the monthly lease factors have been adjusted to reflect the prevailing market conditions as of October 24, 2001. 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 5th day of November , 2001 ----------- -------------- USA Truck, Inc. Lessee By: /s/ Jerry D. Orler C.F.O ---------------------------------------------------------- Name/Title Jerry D. Orler ---------------------------------------------------------- Print Name Above 59