Attached files
file | filename |
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8-K - 8-K - CALAVO GROWERS INC | d273047d8k.htm |
EX-10.1 - EX-10.1 - CALAVO GROWERS INC | d273047dex101.htm |
Exhibit 10.2
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Agribusiness Office | |
P.O. Box 1449 | ||
Templeton, California 93465 | ||
805-434-3665 FAX: 805-434-3667 | ||
www.FarmCreditWest.com |
January 19, 2016
Calavo Growers, Inc.
P.O. Box 751
Santa Paula, CA 93061-0751
Subject Modification of Loan Terms and Extension of Maturity Date
This letter amendment (Letter Amendment) serves as an amendment of certain terms under the Term Revolving Credit Agreement dated May 31, 2011 (together with any amendments thereto, the Revolving Credit Agreement), between Farm Credit West, PCA (FCW) and Calavo Growers, Inc. (the Company), and shall constitute the third amendment to that certain Promissory Note dated May 31, 2011 in the face amount of $40,000,000.00 executed by the Company as maker, in favor of FCW (the Revolving Credit Note). All capitalized terms not otherwise defined in this Letter Amendment shall have the meanings assigned to them in the Revolving Credit Agreement, Revolving Credit Note or other Loan Documents.
Section 4. (Term) and Section 7. (Repayment and Maturity) of the Revolving Credit Agreement are hereby amended to replace February 1, 2016 with June 1, 2016 as the end of the term of the Commitment and the Maturity Date. In addition, the Revolving Credit Note is also hereby amended to replace all references to February 1, 2016 with June 1, 2016.
Except as amended herein, all other terms under the Revolving Credit Agreement, Revolving Credit Note and other Loan Documents remain binding and enforceable according to their terms.
This Letter Amendment is effective as of January 19, 2016. By acknowledging below, the undersigned hereby agree to the terms and conditions contained in this Letter Amendment.
Sincerely,
/s/ Ryan Hoffman
Ryan Hoffman
Vice President
Acknowledgement
Calavo Growers, Inc., a California Corporation | ||
By: | /s/ B. John Lindeman | |
B. John Lindeman, Chief Financial Officer & Corporate Secretary |
Farm Credit West, FLCA | ||
Farm Credit West, PCA | ||
Subsidiaries of Farm Credit West, ACA | The Farm Credit System |