DE | 76-0447780 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Information to be included in the report
The Third Amendment to Loan Agreement amends the Loan Agreement by, among other things, increasing the maximum amount which the Borrowers may borrower under the Loan Agreement to $25 million and extending the termination date of the Loan Agreement to January 31, 2010.
In connect ion with the Third Amendment to Loan Agreement, the Company, as well as OYOG, LLC, a Delaware limited liability company, and OYOG Limited Partner, LLC, a Nevada limited liability company, both subsidiaries of the Company, entered into new Guaranty Agreements, replacing the existing Guaranty Agreements entered into by those companies, to guarantee, among other things, all amounts outstanding under the Loan Agreement as amended by the Third Amendment to Loan Agreement.
The foregoing description of the Third Amendment to Loan Agreement and the new Guarantee Agreements is qualified in its entirety by reference to the Third Amendment to Loan Agreement and the Guarantee Agreement filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K, and are incorporated into this report by reference.
OYO GEOSPACE CORPORATION | ||||||||
Date: January 10, 2007 | By: | /s/ Thomas T. McEntire | ||||||
Thomas T. McEntire | ||||||||
Chief Financial Officer | ||||||||
Exhibit No. | Description | |
EX-10.1 | Third Amendment to Loan Agreement dated as of January 10, 2007, between the Borrowers and Regions Bank (f/k/a Union Planters Bank, N.A.) | |
EX-10.2 | Guaranty Agreement dated as of January 10, 2007, by OYO Geospace Corporation in favor of Regions Bank (f/k/a Unions Planters Bank, N.A.). Each of OYOG, LLC, and OYOG Limited Partner, LLC has entered into a substantially similar Guaranty Agreement. |