SECURITY AGREEMENTSecurity Agreement • September 1st, 2020 • Flexsteel Industries Inc • Household furniture • Iowa
CREDIT AGREEMENTCredit Agreement • September 1st, 2020 • Flexsteel Industries Inc • Household furniture • Iowa
THIS CREDIT AGREEMENT (this "Agreement") is entered into as of August 28, 2020, by and between FLEXSTEEL INDUSTRIES, INC., a Minnesota corporation ("Borrower"), and DUBUQUE BANK AND TRUST COMPANY ("Bank").
REVOLVING LINE OF CREDIT NOTEFlexsteel Industries Inc • September 1st, 2020 • Household furniture • Iowa
FOR VALUE RECEIVED, the undersigned, Flexsteel Industries, Inc., a Minnesota corporation ("Borrower") promises to pay to the order of Dubuque Bank and Trust Company ("Bank") at its office at 1398 Central Avenue, Dubuque, IA 52001, or at such other place as the holder hereof may designate, in lawful money of the United States of America and in immediately available funds, the principal sum of Twenty-Five Million and 00/100 Dollars ($25,000,000.00), or so much thereof as may be advanced and be outstanding, with interest thereon, to be computed on each advance from the date of its disbursement as set forth herein.
