DESCRIPTION OF EXISTING OBLIGATIONS. Among other Obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan Agreement, dated November 13, 2001, as may be amended from time to time, (the "Loan Agreement"). The Loan Agreement provides for, among other things, a Committed Line in the original principal amount of Five Million Dollars ($5,000,000). Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Obligations."
DESCRIPTION OF EXISTING OBLIGATIONS. Among other Obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated June 13, 2001, as may be amended from time to time, (the “Domestic Loan Agreement”). The Domestic Loan Agreement provides for, among other things, a Committed Revolving Line in the original principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000) and a Committed Term Loan in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000). Furthermore, Borrower is indebted to Bank pursuant to, among other documents, an Export-Import Bank Loan and Security Agreement, dated June 13, 2001, as may be amended from time to time (the “EXIM Loan Agreement”). The EXIM Loan Agreement provided for, among other things, an EXIM Committed Line in the original principal amount of One Million Five Hundred Thousand Dollars ($1,500,000). The Domestic Loan Agreement and the EXIM Loan Agreement are collectively defined as the Loan Agreements. Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreements. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”
DESCRIPTION OF EXISTING OBLIGATIONS. Among other Obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, an Amended and Restated Loan and Security Agreement dated July 10, 2000, as amended or modified from time to time (the “Loan Agreement”). The Loan Agreement provides for, among other things, a Committed Revolving Line in the original principal amount of Ten Million Dollars ($10,000,000). The Loan Agreement has been modified pursuant to, among other documents, a Loan Modification Agreement dated December 28, 2001, pursuant to which, among other things, the Committed Revolving Line was decreased to Three Million Dollars ($3,000,000). The Loan Agreement was further modified pursuant to, among other documents, a Loan Modification Agreement, dated November 22, 2002, pursuant to which, among other things, the Committed Revolving Line was increased to Five Million Dollars ($5,000,000). Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”
DESCRIPTION OF EXISTING OBLIGATIONS. Among other Obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, an Amended and Restated Loan and Security Agreement, dated August 20, 2001, as may be amended from time to time, (the "Loan Agreement"). The Loan Agreement provides for, among other things, a Committed Revolving Line in the original principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000) and a Term Loan in the original principal amount of Seven Million Five Hundred Thousand Dollars ($7,500,000). Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Obligations."
DESCRIPTION OF EXISTING OBLIGATIONS. Among other Obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated April 26, 2005 (as may be amended, restated, or otherwise modified from time to time, the “Loan Agreement”). The Loan Agreement provides for, among other things, a Committed Equipment Line in the original principal amount of One Million Five Hundred Thousand Dollars ($1,500,000). Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”
DESCRIPTION OF EXISTING OBLIGATIONS. Among other Obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated August 1, 2003, as amended or modified from time to time, (the “Loan Agreement”). The Loan Agreement provides for, among other things, a Committed Equipment Line in the original amount of Five Hundred Thousand Dollars ($500,000), a Term Loan in the original principal amount of One Million Nine Hundred Eighty-Two Thousand Nine Hundred Forty-Five Dollars ($1,982,945) and Committed Equipment 2 Line in the original amount of Five Hundred Thousand Dollars ($500,000). Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”
DESCRIPTION OF EXISTING OBLIGATIONS. Among other Obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated June 17, 2002, as amended or modified by a Loan Default Waiver Agreement dated October 21, 2002, and as may in the future be amended or modified from time to time, (the “Loan Agreement”). The Loan Agreement provides for, among other things, a Committed Equipment Line in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000) and a Committed Revolving Line in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000), provided that the sum of all advances under the Committed Equipment Line and the Committed Revolving Line shall not exceed $5,000,000 at any time. Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”
DESCRIPTION OF EXISTING OBLIGATIONS. Among other Obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated March 20, 2002, as amended or modified from time to time (the “Loan Agreement). The Loan Agreement provides for, among other things, a Committed Equipment Line in the original principal amount of One Million Dollars ($1,000,000). The Loan Agreement has been modified pursuant to, among other documents, a Loan Modification Agreement dated January 7, 2003, pursuant to which, among other things, a Committed Equipment Line 2 was incorporated in the original principal amount of One Million Five Hundred Thousand Dollars ($1,500,000). The Loan Agreement has been further modified pursuant to, among other documents, a Loan Modification Agreement dated September 3, 2003, pursuant to which, among other things, a Committed Equipment 2 Line was increased to Two Million Seven Hundred Thousand Dollars ($2,700,000). Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”
DESCRIPTION OF EXISTING OBLIGATIONS. Among other Obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, the Loan Agreement. The Loan Agreement provides for, among other things, a Committed Equipment Line in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000) and a Committed Revolving Line in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000), provided that the sum of all advances under the Committed Equipment Line and the Committed Revolving Line shall not exceed $5,000,000 at any time. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”
DESCRIPTION OF EXISTING OBLIGATIONS. Among other obligations which may be owing by Borrower to Lender, Borrower has an obligation to Lender pursuant to, among other documents executed by Borrower, a Promissory Note, dated October 18, 1996 in the original principal amount of Two Million and 00/100 Dollars ($2,000,000.00), as may be amended (the "Revolving Facility"), and a Master Note, dated May 5, 1997 in the original principal amount of One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) (the "Lease Facility"). The Revolving Facility and the Lease Facility are sometimes referred to collectively herein as the "Notes"). The Notes, together with other promissory notes from Borrower to Lender, are governed by the terms of a Letter Agreement, dated October 18, 1996, between Borrower and Lender, as such agreement may be amended from time to time (the "Loan Agreement"). Capitalized terms used but not otherwise defined herein shall have the same meaning as in the Loan Agreement. As of the date hereof, there is no amount oustanding under the Revolving Facility. Hereinafter, all obligations owing by Borrower to Lender shall be referred to as the "Indebtedness."
