REVOLVING CREDIT, TERM LOAN AND SECURITY AGREEMENT PNC BANK, NATIONAL ASSOCIATION (AS LENDER AND AS AGENT) WITH CONTINENTAL COMMERCIAL PRODUCTS, LLC AND GLIT/GEMTEX, LTD. (BORROWERS) AND KATY INDUSTRIES, INC. (GUARANTOR) May 26, 2010Security Agreement • June 2nd, 2010 • Katy Industries Inc • Special industry machinery, nec • New York
Revolving Credit, Term Loan and Security Agreement dated as of May 26, 2010 among Continental Commercial Products, LLC, a limited liability company formed under the laws of the State of Delaware (“Continental”), Glit/Gemtex, Ltd., a corporation organized under the laws of the Province of Ontario (“Glit/Gemtex”) (Continental, Glit/Gemtex and each Person joined hereto as a borrower from time to time, collectively, the “Borrowers”, and each a “Borrower”), Katy Industries, Inc., a corporation organized under the laws of Delaware (“Katy”), as guarantor, the financial institutions which are now or which hereafter become a party hereto (collectively, the “Lenders” and each individually a “Lender”) and PNC Bank, National Association (“PNC”), as agent for Lenders (PNC, in such capacity, the “Agent”).
