LOAN AND SECURITY AGREEMENT (ALL ASSETS)Loan and Security Agreement • September 20th, 2019 • TRANS LUX Corp • Miscellaneous manufacturing industries • Massachusetts
THIS LOAN AND SECURITY AGREEMENT (ALL ASSETS) (as amended, modified, restated or supplemented, this "Agreement"), is entered into as of September 16, 2019, by and among MidCap Business Credit LLC, a Texas limited liability company, the secured party hereunder ("Lender"), Trans-Lux Corporation, a Delaware corporation ("Trans-Lux"), and Fairplay Corporation, an Iowa corporation ("Fairplay"; and together with Trans-Lux and any Person that at any time after the date hereof becomes an additional borrower to this Agreement, jointly, severally and collectively, "Borrowers" and each a "Borrower"), and Trans-Lux Canada Ltd., a Canadian corporation, Trans-Lux Energy Corporation, a Connecticut corporation, Trans-Lux Display Corporation, a Delaware corporation, Trans-Lux Investment Corporation, a Delaware corporation, and together with any Person (other than an individual) that at any time after the date hereof becomes a guarantor to this Agreement, jointly, severally and collectively, "Guarantors
