CALLAWAY GOLF COMPANY, CALLAWAY GOLF SALES COMPANY, and CALLAWAY GOLF BALL OPERATIONS, INC., as U.S. Borrowers and Canadian Facility Guarantors, CALLAWAY GOLF CANADA LTD., as the Canadian Borrower, and THE OTHER OBLIGORS PARTY HERETO LOAN AND SECURITY...Loan and Security Agreement • July 6th, 2011 • Callaway Golf Co • Sporting & athletic goods, nec • New York
THIS LOAN AND SECURITY AGREEMENT is dated as of June 30, 2011, among CALLAWAY GOLF COMPANY, a Delaware corporation (“Parent”), CALLAWAY GOLF SALES COMPANY, a California corporation (“Callaway Sales”), CALLAWAY GOLF BALL OPERATIONS, INC., a Delaware corporation (“Callaway Operations”, and together with Parent and Callaway Sales, collectively, “U.S. Borrowers”), CALLAWAY GOLF CANADA LTD., a Canada corporation (“Canadian Borrower” and together with the U.S. Borrowers, collectively, “Borrowers”), the other Obligors party to this Agreement from time to time, the financial institutions party to this Agreement from time to time as lenders (collectively, “Lenders”), and BANK OF AMERICA, N.A., a national banking association, as administrative agent for the Lenders (“Agent”).
