SUBORDINATION AND INTERCREDITOR AGREEMENTSubordination and Intercreditor Agreement • August 29th, 2012 • Hallwood Group Inc • Broadwoven fabric mills, man made fiber & silk • Texas
This SUBORDINATION AND INTERCREDITOR AGREEMENT (this “Agreement”) is made as of August 21, 2012 and effective as of May 9, 2012, by and between HALLWOOD FAMILY (BVI), L.P., a British Virgin Islands limited partnership (“Creditor”), and BRANCH BANKING AND TRUST COMPANY (together with its successors and assigns, “Bank”).
PLEDGE AND SECURITY AGREEMENTPledge and Security Agreement • August 29th, 2012 • Hallwood Group Inc • Broadwoven fabric mills, man made fiber & silk • Texas
This Pledge and Security Agreement (this “Pledge Agreement”), dated as of May 9, 2012, is by and among The Hallwood Group Incorporated, a Delaware corporation (the “Debtor”), and Hallwood Family (BVI), L.P., a British Virgin Islands limited partnership (the “Secured Party”).
FIRST AMENDMENT TO LOAN AGREEMENTLoan Agreement • August 29th, 2012 • Hallwood Group Inc • Broadwoven fabric mills, man made fiber & silk
Notwithstanding the foregoing, at any time the Bank is not one of Borrowers’ primary factoring service providers, then the Borrowers shall pay to Bank a one time fee in the amount of $62,500 and the Pricing Grid shall be as follows:
