BUSINESS LOAN AGREEMENT (ASSET BASED)Business Loan Agreement • March 24th, 2004 • Pinnacle Data Systems Inc • Services-computer programming services • Ohio
THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated November 26, 2003, is made and executed between PINNACLE DATA SYSTEMS, INC. (“Borrower”) and KeyBank National Association (“Lender”) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement (“Loan”). Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
COMMERCIAL SECURITY AGREEMENTCommercial Security Agreement • March 24th, 2004 • Pinnacle Data Systems Inc • Services-computer programming services • Ohio
THIS COMMERCIAL SECURITY AGREEMENT dated November 26, 2003, is made and executed between PINNACLE DATA SYSTEMS, INC. (“Grantor”) and KeyBank National Association (“Lender”).
AMENDMENT TO LOAN AGREEMENT AND ALLONGE TO VARIABLE RATE PROMISSORY NOTELoan Agreement and Allonge • March 24th, 2004 • Pinnacle Data Systems Inc • Services-computer programming services
This Amendment to Loan Agreement (this “Amendment”) is made effective November 26, 2003 by and between Pinnacle Data Systems, Inc. (“Borrower”), and KeyBank National Association, a national banking association (“Lender”).
