PLEDGE AGREEMENTPledge Agreement • November 9th, 2010 • Sterling Chemicals Inc • Industrial organic chemicals
THIS PLEDGE AGREEMENT (as amended, supplemented, amended and restated or otherwise modified from time to time, this “Agreement”), dated as of September 13, 2010, is made by STERLING CHEMICALS, INC., a Delaware corporation (“Borrower”), and each other Person (such capitalized term and all other capitalized terms not otherwise defined herein shall have the meanings provided for or incorporated by reference in Article I below) that may from time to time become a party to this Agreement (each such Person and Borrower, individually, a “Pledgor” and, together with all such other Persons and Borrower, collectively, the “Pledgors”), in favor of JPMORGAN CHASE BANK, N.A., a national banking association (“Chase”).
ARTICLE I 1 DEFINITIONS 1 1.1 Actual Contribution Percentage (ACP) 1 1.2 Actual Deferral Percentage (ADP) 1 1.3 Adoption Agreement 2 1.4 Allocation Date(s) 2 1.5 Annual Additions 2 1.6 Annuity Starting Date 2 1.7 Applicable Calendar Year 3 1.8...Sterling Chemicals Inc • November 9th, 2010 • Industrial organic chemicals
This Cash or Deferred Profit Sharing Plan in conjunction with the Adoption Agreement shall be interpreted in a manner consistent with the intention of the adopting Employer that this Plan satisfies Internal Revenue Code Sections 401 and 501. Any Plan established hereunder shall be so established for the exclusive benefit of Plan Participants and their Beneficiaries and shall be administered under the following terms and conditions:
SECURITY AGREEMENTSecurity Agreement • November 9th, 2010 • Sterling Chemicals Inc • Industrial organic chemicals
THIS SECURITY AGREEMENT (as amended, supplemented, amended and restated or otherwise modified from time to time, this “Agreement”), dated as of September 13, 2010, is made by STERLING CHEMICALS, INC., a Delaware corporation (“Borrower”, and each other Person (such capitalized term and all other capitalized terms not otherwise defined herein shall have the meanings provided for or incorporated by reference in Article I below) that may from time to time become, pursuant to the terms of the Credit Agreement, a party to this Agreement (each such Person and Borrower individually a “Grantor” and, together with all such other Persons, collectively, the “Grantors”), in favor of JPMORGAN CHASE BANK, N.A., a national banking association (“Chase”).
Amendment to Line Letter (“Amendment”) September 10, 2010 (“Effective Date”)Sterling Chemicals Inc • November 9th, 2010 • Industrial organic chemicals • New York
RE: $5,000,000.00 Revolving Line of Credit for letters of credit from JPMORGAN CHASE BANK, N.A. (“Chase”) to STERLING CHEMICALS, INC. (“Borrower”); Line letter agreement dated January 31, 2010 (as amended, “Agreement”)
