CREDIT AND SECURITY AGREEMENT NATIONAL CITY BUSINESS CREDIT, INC. (AS LENDER AND AGENT) and NATIONAL CITY BANK (AS ISSUER) and SUCH OTHER LENDERS WHICH ARE NOW OR HEREAFTER A PARTY HERETO and STONERIDGE, INC., (AS BORROWER), SUCH OTHER BORROWERS WHICH...Credit and Security Agreement • November 8th, 2007 • Stoneridge Inc • Motor vehicle parts & accessories • Ohio
This CREDIT AND SECURITY AGREEMENT (this “Agreement”), is dated as of November , 2007, by and among STONERIDGE, INC., an Ohio corporation (the “Parent”), STONERIDGE ELECTRONICS, INC., a Texas corporation (“Electronics”), STONERIDGE CONTROL DEVICES, INC., a Massachusetts corporation (“Controls”), STONERIDGE-POLLAK LIMITED, an English corporation (the “English Borrower”), STONERIDGE ELECTRONICS LIMITED., a Scottish corporation (the “Scottish Borrower” and together with the English Borrower, the “UK Borrowers”) and such other Persons as are from time to time parties hereto as Borrowers, STONERIDGE FAR EAST LLC, a Delaware limited liability company (“Far East”), and such other Persons as are from time to time parties hereto, as Guarantors, the financial institutions which are now or which hereafter become a party to this Agreement (the “Lenders”), NATIONAL CITY BANK, a national banking association (“National City Bank”), as Lead Arranger and the Issuer (as hereinafter defined), and NATIONA
