Amended and Restated Loan Agreement. This Agreement amends and restates in its entirety that certain Third Amended and Restated Loan Agreement dated as of September 29, 2006, by and among certain of the Borrowers, the Administrative Agent and others named therein, which in turn amended and restated that certain Amended and Restated Loan Agreement dated as of September 1, 2004, by and among certain of the Borrowers, the Administrative Agent and others named therein, which in turn amended and restated that certain Loan and Security Agreement dated as of June 28, 2002, by and among certain of the Borrowers, the Administrative Agent and others named therein, which in turn amended and restated that certain Loan and Security Agreement dated as of February 10, 2000 by and among certain of the Borrowers, the Administrative Agent and others named therein (collectively, the “Existing Loan Agreement”). On the Closing Date, the rights and obligations of the parties under the Existing Loan Agreement shall be subsumed within and be governed by this Agreement; provided, however, that each of the “Revolving Credit Loans” (as such term is defined in the Existing Loan Agreement) outstanding under the Existing Loan Agreement on the Closing Date shall, for purposes of this Agreement, be included as Revolving Credit Loans hereunder and each of the “L/Cs” (as defined in the Existing Loan Agreement) outstanding under the Existing Loan Agreement on the Closing Date shall be L/Cs hereunder.
Amended and Restated Loan Agreement. ABDC and Company shall entered into the Amended and Restated Loan Agreement in the form of Exhibit 4.5 attached hereto.
Amended and Restated Loan Agreement. The Purchaser, Vendors and Target had on 17 April 2014 entered into a Loan Agreement, pursuant to which the Vendors had granted an interest free loan amounting to 49% of the Debt Amount to the Target (“Vendors Loan”), while the Purchaser had granted an interest free loan amounting to 51% of the Debt Amount to the Target. Under the Loan Agreement, the Debt Amount is US$921,000, from which US$585,000 was owed to the First Vendor, and US$336,000 was owed to the Second Vendor. Pursuant to the entry of the Further Revised SPA, the Purchaser, Vendors and Target had on 12 March 2015 entered into an amended and restated loan agreement (“Revised Loan Agreement”), taking effect from 17 April 2014, restating the terms of the Loan Agreement. The Revised Loan Agreement no longer provides for a Vendors Loan, and further provides that the Purchaser shall grant the following loans to the Target:
Amended and Restated Loan Agreement. Upon the execution and delivery of the Second Amendment to the Amended and Restated Loan Agreement, all Liens created in favor of the Noteholders (as defined in the Amended and Restated Loan Agreement) in respect of the Purchased Assets shall be automatically terminated and released and the Noteholders will have no further claims of any nature whatsoever on or to the Purchased Assets. Pursuant to Section 5.5 of the Amended and Restated Loan Agreement, without the requirement of any further action on the part of any Person, SpectRx is authorized and empowered to, and to cause Sterling and any Affiliate to, take any and all action necessary or required to evidence or record any terminations or releases of all Liens against the Purchased Assets including but not limited to, the filing of any termination statements, partial release statements, or amendments to or in respect of all existing uniform commercial code financing statements or any other document, instrument or certificate. Sellers acknowledge that the representations of Sellers in this Section 3.23 are material representations of fact upon which Buyer strictly relied in consummating the transactions contemplated in this Agreement.
Amended and Restated Loan Agreement. This Second Amended and Restated Loan Agreement (as may be further amended, restated, modified or supplemented from time to time, “Agreement”), dated July 11, 2014, by and among Mastech Holdings, Inc., a Pennsylvania corporation (“MHI”), Mastech, Inc., a Pennsylvania corporation (“MI”), Mastech Alliance, Inc., a Pennsylvania corporation (“MAI”), and Mastech Trademark Systems, Inc., a Delaware corporation (“MTSI”) (MHI, MI, MAI and MTSI are each, a “Borrower” and collectively, the “Borrowers”), and PNC Bank, National Association (the “Bank”).
Amended and Restated Loan Agreement. This Loan Agreement amends, restates, and replaces in its entirety the Original Loan Agreement.
Amended and Restated Loan Agreement. This Agreement amends and restates in its entirety that certain Second Amended and Restated Loan Agreement dated as of September 1, 2004, by and among certain of the Borrowers, the Administrative Agent and others named therein, which in turn amended and restated that certain Amended and Restated Loan Agreement dated as of June 28, 2002, by and among certain of the Borrowers, the Administrative Agent and others named therein, which in turn amended and restated that certain Loan and Security Agreement dated as of February 10, 2000 by and among certain of the Borrowers, the Administrative Agent and others named therein (collectively, the "EXISTING LOAN AGREEMENT"). On the Closing Date, the rights and obligations of the parties under the Existing Loan Agreement shall be subsumed within and be governed by this Agreement; provided, however, that each of the "Revolving Credit Loans" (as such term is defined in the Existing Loan Agreement) outstanding under the Existing Loan Agreement on the Closing Date shall, for purposes of this Agreement, be included as Revolving Credit Loans hereunder and each of the "L/Cs" (as defined in the Existing Loan Agreement) outstanding under the Existing Loan Agreement on the Closing Date shall be L/Cs hereunder.
Amended and Restated Loan Agreement. This Agreement, the Note and Security Documents executed pursuant hereto are intended to amend and restate the Loan Agreement and the Construction Loan Agreement. The Borrower and the Lender hereby agree that the Loan Agreement is herewith fully incorporated into this Agreement, the Note and the Security Documents, respectively, and that the Loan Agreement and the Construction Loan Agreement shall, from the date hereof, be of no further independent force and effect.
Amended and Restated Loan Agreement. Each of the representations and warranties set forth in Article IV of the Amended and Restated Loan Agreement are hereby incorporated by reference and deemed made herein as if fully set forth and repeated in this Article V.
Amended and Restated Loan Agreement. On the Effective Date, the Existing Loan Agreement shall be amended and restated so that it shall be read and construed for all purposes as set out in Exhibit B attached hereto (such amended and restated loan agreement being referred to herein as the “Amended and Restated Loan Agreement”). The Amended and Restated Loan Agreement, by way of this Agreement, amends and restates the Existing Loan Agreement and is not intended to be or operate as a novation or an accord and satisfaction of the Existing Loan Agreement or the Obligations of the Borrower evidenced or provided for thereunder. The “Effective Date” shall be that date on which each of the conditions precedent set forth in Section 3 of this Agreement is satisfied.
