REVOLVING CREDIT AGREEMENT
This Revolving Credit Agreement (the "Loan Agreement") is entered into effective as of December 15, 1995 by
and among PIER 1 IMPORTS, INC., a Delaware corporation ("Borrower"), PIER 1 IMPORTS (U.S.), INC.,
PIER 1 ASSETS, INC., PIER 1 LICENSING, INC. and PIER LEASE, INC. (collectively, the "Guarantors"),
FIRST INTERSTATE BANK OF TEXAS, N.A., NATIONSBANK OF TEXAS, N.A., BANK ONE,
TEXAS, N. A., and CREDIT LYONNAIS NEW YORK BRANCH
(collectively the "Banks" and individually a "Bank") and FIRST INTERSTATE BANK OF TEXAS, N.A., as
agent for the Banks ("Agent").
W I T N E S S E T H:
WHEREAS, Borrower has requested Banks to provide it with a revolving credit facility for working capital and
for general corporate purpose and to provide it with a letter of credit and banker's acceptance facility to import
and finance inventory; and
WHEREAS, Banks are willing to provide such facilities to Borrower, upon the terms and subject to the
conditions hereinafter set forth.
NOW, THEREFORE, in consideration of the mutual promises herein contained and for other valuable
consideration, the parties hereto do hereby agree as follows:
DEFINITION OF TERMS
For the purposes of this Loan Agreement, unless the context requires otherwise, the following terms shall have
the respective meanings assigned to them in this Article I below:
"Acceptance Agreement" shall mean an acceptance credit agreement executed by Borrower and Agent
substantially in the form of Exhibit "L," either as originally executed or as it may from time to time be
supplemented, modified, amended, renewed or extended.
"Acceptance Date": Section 2.06(b).
"Acceptance Documents" shall mean the Acceptance Agreement, together with such other documents as the
Agent reasonably may require in connection with the Bankers' Acceptance financing contemplated therein, each
such document to be executed by all Persons whose signatures are required thereon, either as originally executed
or as they may from time to time b