BRIDGE LOAN AGREEMENTBridge Loan Agreement |
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You are currently viewing: This Bridge Loan Agreement involves
DEVCON INTERNATIONAL CORP | DEVCON SECURITY HOLDINGS, INC., | DEVCON SECURITY SERVICES CORP | COASTAL SECURITY COMPANY, | COASTAL SECURITY SYSTEMS, INC. | CENTRAL ONE, INC. | CAPITALSOURCE FINANCE LLC,. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Search Bridge Loan Agreement by:
EXECUTION COPY
$8,000,000
BRIDGE LOAN AGREEMENT
by and among
DEVCON SECURITY HOLDINGS, INC.,
DEVCON SECURITY SERVICES CORP.,
COASTAL SECURITY COMPANY,
COASTAL SECURITY
SYSTEMS, INC.
and CENTRAL ONE, INC.
each as a Borrower,
and
CAPITALSOURCE FINANCE LLC,
as Lender
Dated as of November 10, 2005
TABLE OF CONTENTS
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Section |
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1. |
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CERTAIN DEFINITIONS |
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1 |
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1.1 |
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Certain Definitions. |
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1 |
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1.2 |
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Construction. |
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1.3 |
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Accounting Principles. |
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5 |
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2. |
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LOANS |
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5 |
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2.1 |
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Commitment. |
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5 |
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2.2 |
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Nature of Lender’s
Obligations with Respect to Loan. |
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2.3 |
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Fees. |
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2.4 |
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Bridge Loan Note and
Principal Payment. |
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2.5 |
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Use of Proceeds. |
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6 |
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2.6 |
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Single Loan. |
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6 |
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3. |
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INTEREST RATES |
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6 |
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3.1 |
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Interest Rate. |
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3.1.1. Rate Quotations. |
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3.1.2. Change in Interest
Rates. |
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3.2 |
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Interest After Default. |
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4. |
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PAYMENTS |
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4.1 |
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Payments. |
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4.2 |
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Interest Payment Dates. |
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4.3 |
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Right to Prepay. |
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8 |
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4.4 |
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Additional Compensation in
Certain Circumstances. |
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4.4.1.
Increased Costs or Reduced Return Resulting from Taxes, Reserves, Capital
Adequacy Requirements, Expenses, Etc. |
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4.4.2. Indemnity. |
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9 |
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5. |
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REPRESENTATIONS AND
WARRANTIES |
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5.1 |
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Representations and
Warranties. |
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5.1.1. Representations and
Warranties Under the Credit Agreement. |
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5.1.2. Power and Authority. |
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10 |
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5.1.3. Validity and Binding
Effect. |
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5.1.4. No Conflict. |
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5.1.5. Use of Proceeds. |
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11 |
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5.1.6. Consents and
Approvals. |
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5.1.7. No Event of Default;
Compliance with Instruments. |
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6. |
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CONDITIONS OF CLOSING AND
LENDING |
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11 |
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- i -
TABLE OF CONTENTS
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Section |
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6.1 |
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Closing Date. |
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11 |
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6.2 |
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Borrowing Date. |
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13 |
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7. |
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COVENANTS |
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13 |
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7.1 |
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Incorporation of Covenants
Under the Credit Agreement. |
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13 |
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7.2 |
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Reporting Requirements. |
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8. |
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DEFAULT |
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8.1 |
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Events of Default. |
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8.1.1. Payments Under Loan
Documents. |
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8.1.2. Incorporation by
Reference. |
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8.1.3. Loan Document
Unenforceable. |
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8.2 |
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Consequences of Event of
Default. |
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9. |
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MISCELLANEOUS |
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9.1 |
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Modifications, Amendments
or Waivers. |
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9.2 |
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No Implied Waivers;
Cumulative Remedies; Writing Required. |
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9.3 |
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Reimbursement and
Indemnification of Lender by the Borrowers; Taxes. |
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16 |
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9.4 |
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Holidays. |
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16 |
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9.5 |
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Notices. |
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17 |
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9.6 |
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Severability. |
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17 |
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9.7 |
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Governing Law. |
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9.8 |
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Prior Understanding. |
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9.9 |
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Duration; Survival. |
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9.10 |
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Successors and Assigns. |
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9.11 |
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Counterparts. |
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9.12 |
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Lender’s Consent. |
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18 |
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9.13 |
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Exceptions. |
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18 |
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9.14 |
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CONSENT TO FORUM; WAIVER
OF JURY TRIAL. |
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