Debtor-In-Possession LOAN Agreement (TENTH Amendment to Loan and Security Agreement)Loan and Security Agreement) • May 12th, 2023 • Allied Healthcare Products Inc • Orthopedic, prosthetic & surgical appliances & supplies • Michigan
This DEBTOR-IN-POSSESSION LOAN AGREEMENT (this “DIP Loan Agreement”), dated effective as of [__________ __, 2023] (the “Effective Date”), is made and entered into by and between STERLING COMMERCIAL CREDIT, LLC, a Delaware limited liability company and successor in interest to Summit Financial Resources, LLC., a Delaware limited liability company (together with its successors and assigns, collectively, “Lender”) and ALLIED HEALTHCARE PRODUCTS, INC., a Delaware corporation, as debtor-in-possession in proceedings under Chapter 11 of the Bankruptcy Code and as Borrower under the Loan Documents (“Borrower”). The following recitals form the basis of this DIP Loan Agreement and are made a material part hereof:
