Master Equipment Lease AgreementMaster Equipment Lease Agreement • March 9th, 2007 • Advanced Photonix Inc • Semiconductors & related devices • Michigan
This Master Equipment Lease Agreement (this “Master Lease”) dated as of March 6, 2007 is made by and between THE FIFTH THIRD LEASING COMPANY, having an office at 38 Fountain Square Plaza, Cincinnati, Ohio 45263, and Advanced Photonix, Inc., a corporation organized under the laws of the State of Delaware and having a principal place of business at 2925 Boardwalk, Ann Arbor, Michigan 48104 (“Lessee”).
SECURITY AGREEMENTSecurity Agreement • March 9th, 2007 • Advanced Photonix Inc • Semiconductors & related devices • Michigan
THIS SECURITY AGREEMENT, dated as of March 6, 2007 (this "Agreement"), is made by Advanced Photonix, Inc., a Delaware corporation (the "Borrower"), Silicon Sensors, Inc., a Delaware corporation ("SSI"), and Picometrix, LLC, a Delaware limited liability company ("PI")(collectively, with their respective successors and permitted assigns the "Debtors" and each a "Debtor" ), in favor of Fifth Third Bank (the "Bank").
BUSINESS LOAN AGREEMENTBusiness Loan Agreement • March 9th, 2007 • Advanced Photonix Inc • Semiconductors & related devices • Michigan
The undersigned ADVANCED PHOTONIX, INC., a Delaware corporation, located at 2925 Boardwalk, Ann Arbor, MI 48104, (the "Borrower") has requested from FIFTH THIRD BANK, 1000 Town Center, Suite 1300, Southfield, Michigan (the “Bank”) and Bank agrees to make as of this 6th day of March, 2007, the loan(s) described below (the “Loans”) under the terms and conditions set forth in this Business Loan Agreement (“Agreement”).
Interim Funding Schedule - No. 01 Dated March 6, 2007 To Master Equipment Lease Agreement Dated as of March 6, 2007Interim Funding • March 9th, 2007 • Advanced Photonix Inc • Semiconductors & related devices • Ohio
All of the terms of the Master Equipment Lease Agreement dated as of March 6, 2007 (as amended, supplemented or modified from time to time, the “Master Lease”) between Lessee and Lessor are incorporated by reference herein. Capitalized terms used, and not otherwise defined, herein shall have the meanings ascribed thereto in the Master Lease. This Interim Funding Schedule as it incorporates the terms of the Master Lease and each schedule, exhibit and rider attached hereto is referred to as this “Lease”. If any term of any schedule, exhibit or rider hereto conflicts with or is inconsistent with any term of this Interim Funding Schedule or the Master Lease, the terms of such schedule, exhibit or rider shall govern. This Interim Funding Schedule shall constitute an “Equipment Schedule” for all purposes of the Master Lease.
