Exhibit 10.1(ay)
FIH|LOAN AGREEMENT
FIH-LOAN AGREEMENT #1204901
Debtors
The Term Loan can be allocated between the following Debtors at the Debtors’
discretion (subject only as set forth below):
Sauer-Danfoss Inc.
250 Parkway Drive, Suite 270
Lincolnshire
IL 60069
USA
and
Sauer-Danfoss Holding ApS
Nordborgvej 81
6430 Nordborg
Denmark
CVR-no. 20161612
The Principal must be fully drawn in one draw down notice. If the Principal is split
between the two Debtors, each term loan will have a separate FIH-loan number.
Both term loans will be governed by this Loan Agreement.
The borrowing amount allocated to Sauer-Danfoss Holding ApS must be
approved by both Sauer-Danfoss Holding ApS and Sauer-Danfoss Inc.
Enclosed in the draw down and approval letter to the Creditor (as defined
below) must be a confirmation of the guarantee from Sauer-Danfoss Inc.
covering the payments under the allocation to Sauer-Danfoss Holding ApS to the
Creditor according the paragraph “Guarantor” and “Draw down” in this Loan
Agreement.
A Debtor will only be liable for the repayments (including interests, amortization,
fees, etc.) related to amounts allocated to that Debtor (i.e., the Debtors will not
be jointly liable for all payments under this Loan Agreement). However, Sauer-
Danfoss Inc. will be responsible for all payments under this Loan Agreement as
either Debtor or Guarantor for the allocated amount to Sauer-Danfoss Holding
ApS.
Creditor
FIH Erhvervsbank A/S
Langelinie Alle 43
2100 Copenhagen O
Denmark
Principal
USD 75,000,000
Currencies
USD or EUR
Loan structure
Term Loan.
Principal
USD 75,000,000
Currencie