Common use of Amendment to the Security Agreement Clause in Contracts

Amendment to the Security Agreement. The second paragraph on page 1 of the Security Agreement is hereby deleted in its entirety, and the following is substituted therefor: “Whereas the Guarantor has agreed to guaranty the obligations of Vascutech, Inc. (the “Borrower”) to the Secured Party up to the amount of $4,410,000 in the aggregate under (i) a revolving line of credit (including any irrevocable letters of credit issued from time to time thereunder by the Secured Party for the benefit of the Borrower) not to exceed $2,250,000 in the aggregate, and (ii) a term loan facility in the original principal amount of $2,160,000, each pursuant to a Guaranty (Unlimited) effective as of March 29, 2001 executed by the Guarantor in favor of the Secured Party, as amended by separate letter agreements dated as of April 11, 2003, as of February 5, 2004, and as of August 5, 2004, each by and between the Guarantor and the Secured Party (the “Guaranty”);”.

Appears in 2 contracts

Samples: (Unlimited) (Lemaitre Vascular Inc), Security Agreement (Lemaitre Vascular Inc)

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Amendment to the Security Agreement. The second paragraph on page 1 of the Security Agreement is hereby deleted in its entirety, and the following is substituted therefor: “Whereas the Guarantor has agreed to guaranty the obligations of Vascutech, Inc. (the “Borrower”) to the Secured Party up to the amount of $4,410,000 5,660,000 in the aggregate under (i) a revolving line of credit (including any irrevocable letters of credit issued from time to time thereunder by the Secured Party for the benefit of the Borrower) not to exceed $2,250,000 3,500,000 in the aggregate, and (ii) a term loan facility in the original principal amount of $2,160,000, each pursuant to a Guaranty (Unlimited) effective as of March 29, 2001 executed by the Guarantor in favor of the Secured Party, as amended by separate letter agreements dated as of April 11, 2003, as of February 5, 2004, and as of August 5, 2004, each by and between the Guarantor and the Secured Party (the “Guaranty”);”.

Appears in 2 contracts

Samples: (Unlimited) (Lemaitre Vascular Inc), Security Agreement (Lemaitre Vascular Inc)

Amendment to the Security Agreement. The second paragraph on page 1 of the Security Agreement is hereby deleted in its entirety, and the following is substituted therefor: “Whereas the Guarantor has agreed to guaranty the obligations of Vascutech, Inc. (the “Borrower”) to the Secured Party up to the amount of $4,410,000 4,660,000 in the aggregate under (i) a revolving line of credit (including any irrevocable letters of credit issued from time to time thereunder by the Secured Party for the benefit of the Borrower) not to exceed $2,250,000 2,500,000 in the aggregate, and (ii) a term loan facility in the original principal amount of $2,160,000, each pursuant to a Guaranty (Unlimited) effective as of March 29, 2001 executed by the Guarantor in favor of the Secured Party, as amended by separate letter agreements dated as of April 11, 2003, 2003 and as of February 5, 2004, and as of August 5, 2004, each by and between the Guarantor and the Secured Party (the “Guaranty”);”.

Appears in 2 contracts

Samples: (Unlimited) (Lemaitre Vascular Inc), Security Agreement (Lemaitre Vascular Inc)

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Amendment to the Security Agreement. 1. The second paragraph on page 1 of the Security Agreement is hereby deleted in its entirety, and the following is substituted therefor: “Whereas the Guarantor has agreed to guaranty the obligations of Vascutech, Inc. (the “Borrower”) to the Secured Party up to the amount of $4,410,000 4,122,000 in the aggregate under (i) a revolving line of credit (including any irrevocable letters of credit issued from time to time thereunder by the Secured Party for the benefit of the Borrower) not to exceed $2,250,000 1,500,000 in the aggregate, and (ii) a three term loan facility facilities, one in the original principal amount of $2,160,0002,160,000 and the second in the original principal amount of $1,500,000, each and the third in the original principal amount of $956,000, all pursuant to a Guaranty (Unlimited) effective as of March 29, 2001 executed by the Guarantor in favor of the Secured Party, as amended by separate a letter agreements agreement dated as of April 11, 2003, as of February 5, 2004, and as of August 5, 2004, each 2003 by and between the Guarantor and the Secured Party (the “Guaranty”);”.

Appears in 2 contracts

Samples: (Unlimited) (Lemaitre Vascular Inc), Security Agreement (Lemaitre Vascular Inc)

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