<PAGE>
EXHIBIT 10-7
WAIVER AND CONSENT
Dated as of: August 2, 2005
Reference
is hereby made to the Amended and Restated Loan and Security
Agreement, dated as of December 18, 2003,
by and among Lexington Precision
Corporation ("LPC") and Lexington Rubber
Group, Inc. ("LRG"), as Borrowers (LPC
and LRG, each a "Borrower" and,
collectively, the "Borrowers"), Wachovia Bank,
National Association, as successor by
merger to Congress Financial Corporation,
as Agent, The CIT Group/Business Credit,
Inc., in its capacity as co-agent (in
such capacity, "Co-Agent"), and the lenders
from time to time party thereto (the
"Lenders"), as amended (as the same now
exists and is amended hereby or may
hereafter be further amended, modified,
supplemented, extended, renewed,
restated or replaced, the "Loan
Agreement"), and other agreements, documents and
instruments at any time executed and/or
delivered in connection therewith (all
of the foregoing, including the Loan
Agreement, as the same now exist or may
hereafter be amended, modified,
supplemented, extended, renewed, restated or
replaced, being collectively referred to
herein as the "Financing Agreements").
Capitalized terms used but not otherwise
defined herein shall have the meanings
given to them in the Loan Agreement.
LPC is
entering into an Equipment Purchase Agreement with Premier Tool
&
Die Corp. or an affiliate thereof
("Buyer"), dated as of August __, 2005 (the
"Purchase Agreement") providing for the
sale of certain assets (collectively,
the "Purchased Assets") consisting of all
inventory of the LPC's Lexington Die
Casting Division for a purchase price of
approximately $92,000 (the "Inventory
Purchase Price"), the equipment listed on
Schedule I attached hereto, located at
LPC's Lexington Die Casting Division in
Lakewood, New York, for an aggregate
purchase price of $2,560,000 (the
"Equipment Purchase Price"), of which
$2,360,000 ("Initial Payment") shall be
paid in cash at closing and $200,000
shall be paid by Buyer's delivery of a
promissory note (the "Note"), which shall
be payable on April 30, 2008.
For good
and valuable consideration, the receipt and sufficiency of
which
is hereby acknowledged, the Agent, the
Co-Agent, the Lenders and the Borrowers
hereby agree as follows:
1.
Consents. Subject to the terms and conditions contained herein
and
notwithstanding anything to the contrary in
the Financing Agreements, the Agent,
the Co-Agent and the Lenders hereby
consent:
(a) to the sale of the Purchased Assets to Buyer in accordance
with
the terms and conditions of the Purchase
Agreement as in effect on the date
hereof;
(b) to the execution by Borrowers of the Waiver and Consent,
dated
of even date herewith, among Borrowers and
Term Loan Agent (the "Term Loan
Waiver").
<PAGE>
2.
Release. Agent, with the consent of the Lenders, agrees to execute
and
deliver to LPC, simultaneously with this
Waiver and Consent, a release of liens
in the form attached hereto as Exhibit A.
The Borrowers acknowledge and consent
to such Release.
3.
Conditions Precedent. The consents contained herein shall only
be
effective upon the satisfaction of each of
the following conditions precedent in
a manner reasonably satisfactory to
Agent:
(a) Agent shall have received in cash or other immediately
available
funds, the sum of $2,452,000 from or on
behalf of Buyer, for application by
Agent to the Obligations as set forth in
Section 5 hereto;
(b) Agent shall have received a counterpart of this letter
agreement, duly authorized, executed and
delivered by Borrowers;
(c) Agent shall have received, in form and substance reasonably
satisfactory to Agent, true, correct and
complete copies of the following
documents, each duly authorized, executed
and delivered by the parties thereto:
(i) the Purchase Agreement and (ii) the
Note (collectively, the "Purchase
Documents");
(d) Agent shall have received a fully executed copy of the Term
Loan
Waiver.
4. Consent
Fee. In addition to all other fees, charges, interest and
expenses payable by Borrowers to Agent and
Lenders under the Loan Agreement and
the other Financing Agreements, Borrowers
shall pay to Agent for the ratable
account of Lenders, contemporaneously with
the effectiveness of this Waiver and
Consent, a fee in the amount of $30,000,
which fee shall be fully earned and
nonrefundable as of the date hereof and may
be charged to any loan account of
Borrowers.
5.
Covenants.
(a) Borrowers shall deliver to Agent (or its counsel), within
five
(5) business days of the closing pursuant
to the Purchase Agreement the original
of the Note, together with an allonge or
other instrument of assignment executed
by LPC;
(b) Borrowers shall cause all amounts at any time payable to
any
Borrower, pursuant to the Note to be paid
by Buyer directly to Agent for
application to the prepayment of the
outstanding amount of the LPC Term Loan
until the payment in full of the LPC Term
Loan and thereafter in accordance with
Section 2.6(b) of the Loan Agreement.
6.
Application of Proceeds.
(a) Notwithstanding any provision of Section 2.6(b) of the Loan
Agreement, upon receipt of the Initial
Payment and the Inventory Purchase Price,
Agent will (i) apply $888,200 of the
Initial Payment to the prepayment of the
outstanding principal amount of the LPC
Term Loan and (ii) apply the balance of
the Initial Payment and Inventory Purchase
Price to the outstanding principal
amount of the Revolving Loans.
(b) Agent will establish on the date hereof a permanent Reserve
in
the amount of $250,000 (the "Premier
Reserve"), which Premier Reserve shall be
applied to and increase the
2
<PAGE>
amount of the Special Reserve to
$1,000,000; provided, that, Agent shall only
release the Premier Reserve upon its
receipt of the consent of all Lenders with
respect to such release.
(c) The Premier Reserve is in addition to, and not in limitation
of,
all other existing Reserves and the rights
of Agent from time to time to
establish other and further Reserves
against the availability of Revolving Loans
pursuant to the Loan Agreement and the
other Financing Agreements.
(d) Notwithstanding any provision of Section 2.6(b) of the Loan
Agreement to the contrary, the application
of a portion of the Initial Payment
and the Inventory Purchase Price to the
Revolving Loans as provided in this
Section 5 shall not permanently reduce the
Revolving Loan Limit or, except for
the Premier Reserve, create a permanent
Reserve.
7.
Additional Representations and Warranties. Each Borrower,
hereby
jointly and severally represents, warrants
and covenants to Agent and Lenders as
follows, which representations, warranties
and covenants are continuing and
shall survive the execution and delivery
hereof:
(a) this letter agreement and the Purchase Documents have been
duly
authorized, executed and delivered by all
necessary corporate action, including
any required stockholder approval, on the
part of such Borrower which is a party
hereto and thereto and constitute valid and
binding obligations of such Borrower
enforceable against it in accordance with
their terms, except as limited by
bankruptcy, insolvency, reorganization and
similar laws affecting the
enforcement of creditors' rights or
contractual obligations generally and
subject to general principles of
equity.
8. Effect
of this Consent.
(a) Except as provided above, the Loan Agreement and the other
Financing Agreements shall remain in full
force and effect, and the foregoing
waivers and consents shall be limited to
the matters set forth herein and shall
not extend to any other transaction
proposed or contemplated by any Borrower.
Except as specifically provided herein, the
foregoing waivers and consents do
not allow any other or further departure
from the terms of the Loan Agreement or
any other Financing Agreement.
(b) Each Borrower hereby acknowledges and agrees that this
Waiver
and Consent constitutes a "Financing
Agreement" under the Loan Agreement.
Accordingly, it shall be an Event of
Default under the Loan Agreement if (i) any
representation or warranty made by a
Borrower under or in connection with this
Waiver and Consent shall have been untrue,
false or misleading in any material
respect when made, or (ii) a Borrower shall
fail to perform or observe any term,
covenant or agreement contained in this
Waiver and Consent.
9. Further
Assurances. The parties hereto shall execute and deliver such
additional documents and take such
additional actions as may be necessary to
effectuate the provisions and purposes of
this Agreement.
10. Governing
Law. The rights and obligations hereunder of each of the
parties hereto shall be governed by and
interpreted and determined in accordance
with the laws of the State of New York
(without regard to principles of conflict
of laws).
3
<PAGE>
11.
Waiver, Modification, Etc. No provision or term hereof may be
modified, altered, waived, discharged or
terminated orally, but only by an
instrument in writing executed by the party
against whom such modification,
alteration, waiver, discharge or
termination is sought.
12. Entire
Agreement. This Agreement contains the entire agreement of the
parties hereto concerning the subject
matter hereof and supersedes all prior
oral or written discussions, proposals,
negotiations or communications
concerning the subject matter hereof.
4
<PAGE>
13.
Counterparts. This Waiver and Consent may be executed in any number
of
counterparts, each of which, when so
executed and delivered, shall be deemed to
be an original and all of which, taken
together, shall constitute one and the
same Waiver and Consent. The delivery of an
executed counterpart of this Waiver
and Consent shall have the same force and
effect as delivery of any original
executed counterpart of this Waiver and
Consent. Delivery of an executed
counterpart of this Waiver and Consent by
facsimile or electronic mail shall
have the same force and effect as delivery
of an original executed counterpart
of this Waiver and Consent. Any party
delivering an executed counterpart of this
Waiver and Consent by facsimile or
electronic mail also shall deliver an
original executed counterpart of this
Waiver and Consent, but the failure to
deliver an original executed counterpart
shall not affect the validity,
enforceability, and binding effect of this
Waiver and Consent as to such party
or any other party.
LEXINGTON PRECISION CORPORATION,
Borrower
By: /s/ Michael A. Lubin
----------------------------------
Name: Michael A. Lubin
Title: Chairman
LEXINGTON RUBBER GROUP, INC.,
Borrower
By: /s/ Michael A. Lubin
----------------------------------
Name: Michael A. Lubin
Title: Chairman
WACHOVIA BANK, NATIONAL
ASSOCIATION, successor by merger to
Congress Financial Corporation,
as Agent and a Lender
By: /s/ Herbert C. Korn
----------------------------------
Name: Herbert C. Korn
Title: VP
THE CIT GROUP/BUSINESS CREDIT, INC.,
as Co-Agent and a Lender
By: /s/ George Louis McKinley
----------------------------------
Name: George Louis McKinley
Title: Vice President
5
<PAGE>
ABLECO FINANCE LLC, on behalf of itself
and its affiliate assigns, as a Lender
By: /s/ Dan Wolf
-----------------------------------
Name: Dan Wolf
Title: SVP
6
<PAGE>
EXHIBIT 10-7
SCHEDULE I
PURCHASED ASSETS
1. All inventory of Lexington Precision
Corporation's Die Casting Division
consisting of metals, packaging and pallets
located in Lakewood, New York, to
the extent sold to Buyer pursuant to the
Purchase Agreement.
2. The following machinery and
equipment:
One (1) HPM Model D-1000-A 1,000-Ton
Aluminum Cold Chamber Die Cast Machine, S/N
R95356/64-088, including:
(1)
Rimrock
Multi-Link Auto Reciprocator/Die Sprayer
(1)
Advance Model
SL-1200 Automatic Ladler, S/N 31524-98, (1998)
(1)
Rimrock
Multi-Link Extractor
(1)
MPH 5,000-Lb.
Gas-Fired Holding Furnace, S/N 6094-82; with
Temperature Controls
One (1) HPM Model D-1000-A 1,000-Ton
Aluminum Cold Chamber Die Cast Machine, S/N
R98176/65-151, including
(1)
Rimrock
Multi-Link Auto Reciprocator/Die Sprayer
(1)
Rimrock Model
305 Multi-Link Automatic Ladler
(1)
Rimrock
Multi-Link Extractor
(1)
Firebrand
3,500-Lb. Gas-Fired Holding Furnace, S/N 9038, with
Temperature Controls
One (1) Prince Model 836 CCA 800-Ton
Aluminum Cold Chamber Die Cast Machine,
DA0008 including:
(1)
Advance Model
SR-1150 Automatic Reciprocator/Die Sprayers
(1)
Advance Model
SL-1500 Automatic Ladler, S/N 32070-99
(1)
ABB Type
IRB4400-M98 Industrial Robot, S/N 44-12809
(1)
O'Brien/Gere
Model PD512-00 3,500-Lb. Gas-Fired Holding Furnace, S/N
20006-01
One (1) Prince Model 836 CCA 800-Ton
Aluminum Cold Chamber Die Cast Machine,
DA0011, including:
Advance
Model SR-1150 Automatic Reciprocator/Die Sprayers
Advance
Model SL-1500 Automatic Ladler, S/N 3019-00
(1)
ABB IRB4400
M2000 Industrial Robot, S/N 44-20742
(1)
Seco/Warwick
3,200-Lb. Gas-Fired Aluminum Holding Furnace, S/N
FSR-954-95
One (1) Idra Model OL-700 770-Ton Aluminum
Cold Chamber Die Cast Machine, S/N
7187 including:
(1)
Rimrock
Automatic Extractor/Die Sprayer
(1)
Rimrock Ladler
S/N C10113
(1)
Seco/Warwick
3,200-Lb. Gas-Fired Aluminum Holding Furnace, S/N
FSR-956-95
One (1) Idra Model OL-700 IDRP 770-Ton
Aluminum Cold Chamber Die Cast Machine,
S/N 6932, including:
(1)
Rimrock
Automatic Extractor/Sprayer
(1)
Rimrock Model
405 Automatic Ladler, S/N 6231
(1)
O'Brien &
Gere Model ND514-99 1,500-Lb. Gas Fired Aluminum Holding
Furnace, S/N 20017
One (1) Prince Model 836 CCA 800-Ton
Aluminum Cold Chamber Die Cast Machine, S/N
DA1038, including:
(1)
Advance Model
SR1150 Automatic Reciprocator/Die Sprayer, S/N 3018-00
(1)
Advance Model
SL-1500 Automatic Ladler, S/N 32101-00
(1)
ABB Type
IRB4400M2000 Industrial Robot, S/N 44-21383
(1)
Seco/Warwick
3,200-Lb. Gas-Fired Aluminum Holding Furnace, S/N
F-628-95
<PAGE>
MELT
ROOM
1- O'Brien & Gere
Model MD127-98 Melt Furnace, S/N 99004-1, Asset #3, (1999);
Vertical,
Stack Type; with 84" x 48" x 24" Deep Conveyor Shaker; Mayfran
36"W x
15"L Elevated Scrap Conveyor, with Stack Shaker; Gas-Fired
Stack-Type
Melting Furnace, 72"D x 60"H, with (3) Burners, Rotating Base,
Structural
Steel Supports, and Mezzanine; Operator Control Panel, with
Allen-Bradley Model PanelView 550 PLC Controls; and Digital
Temperature
Controllers
1- MPH Model ACM-2000
20,000-Lb. Capacity Reverberatory Furnace, S/N 3978-79,
Asset #2,
(1979); Aluminum, Melt, 5,000,000-Btus Input, 2,000(degree)F
Maximum
Temperature, Gas Fired; with Epic Burners; North American
Control
Panel,
with Digital Temperature Controllers; and Single Door, with
Pneumatic
Lift; (Refractory Brick Rebuilt 2001)
1- MPH Model ACM-2000
20,000-Lb. Reverberatory Furnace, S/N 856-74, Asset #1,
(1974);
Aluminum, Melt, 5,000,000-Btus Input; 2,000(degree)F Maximum
Temperature, Gas Fired; with Epic Burners; North American Control
Panel,
with
Digital Temperature Controllers; and Single-Swing Open Door;
(Refractory Brick Replaced 1994; Refractory Brick Rebuilt 2001)
1- Amcor Injecta Model II Fluxing
Machine, S/N 66-201, (1966); with Kozma
Gas-Fired
Charging Stand; Carts; and Tanks
DIE CAST
AREA
1- Miller-Moorehead
Machinery 60-Ton Trim Press, S/N 1169; Hydraulic, 4-Post,
90" x 32"
Between Posts
1- Manufacturer Unknown
35-Ton Hydraulic Trim Press; 4-Post, Downacting, 26"
x 42"
Between Posts; with Self-Contained Hydraulic Power Supply; and
Safety
Light Curtains; (Remanufactured By Keystone In 2000)
1- Roto-Finish 96"D
Vibratory Finisher, S/N Unknown; with Powered Cleated
Belt
Infeed Conveyor
1- K.R. Wilson Model
DCT-38 38-Ton Trim Press, S/N 10980-001, (1985);
Hydraulic,
4-Post, Downacting, 40" x 26" Between Posts; with
Self-Contained Hydraulic Power Supply
1- Roto-Finish 96"D
Vibratory Finisher, S/N Unknown, Asset #4
1- Manufacturer Unknown
35-Ton Hydraulic Trim Press, S/N Unknown; 4-Post,
Downacting, Estimated 26" x 42" Between Posts; with
Self-Contained
Hydraulic
Power Unit; and Safety Light Curtain
<PAGE>
1- Roto-Finish Model
Multi-Pass 96"D Vibratory Finisher, S/N Unknown
1- Roto-Finish Model
Multi-Pass 96"D Vibratory Finisher, S/N MP-94-5-4-96-A2,
(1996);
Job #3822
1- Lester 700-Ton
Aluminum Cold Chamber Die Cast Machine, S/N 8583, Asset #7,
(1983);
(Remanufactured By EPCO In 1994); Epco S.O. #9429, T-Slot
Platen,
Interface
Shot End, Solid Frame Shot End Connection; with Safety
Ratchets;
Hydraulic
Ejector; Allen-Bradley Model PanelView 550 PLC Controls; Visi
Trak True
Trak 2020 Monitor; and Analysis System, To Include:
(1) Rimrock
Extractor/Sprayer
(1) Rimrock
Multi-Link Ladler
(1) Onex (1)
Mesh Belt Air Cooling Conveyor
(1) Manufacturer
Unknown 1,500-Lb. Gas-Fired Holding Furnace
1- Roto-Finish Model
Spiratron 72"D Vibratory Finisher, S/N ER-1822S-96-C8,
(1996);
Job #3814
1- Lester 700-Ton
Aluminum Cold Chamber Die Cast Machine, S/N 8760, Asset #8;
(Estimated
1960s); Epco S.O. # 9056; (Remanufactured by EPCO 1990); T-Slot
Platens,
Interface Shot End, Solid Frame Shot End Connection; with
Safety
Ratchets;
Solid Frame Tie Bar Pullers; Hydraulic Ejector; and Vickers
SCS-2000
Shot Control System; To Include:
(1) Rimrock
Extractor/Sprayer
(1) Rimrock
Model 305 Multi-Link Automatic Ladler
(1) Manufacturer
Unknown 500-Lb. Gas Fired Holding Furnace
(1) Steel Mesh
Belt Air Cooling Conveyor 1- Roto-Finish Model
Spiratron 72"D Vibratory Finisher, S/N Unknown
1- Lester 800-Ton
Aluminum Cold Chamber Die Cast Machine, S/N 808, Asset #9,
(1964);
(Remanufactured By EPCO In 1991); Epco S.O. #9137, 50"V x 50"TH
T-Slot
Platen, 35"H x 36"V Die Clearance, 18" Minimum Daylight, 36"
Maximum
Daylight, 0-10-Shot Position, 28" Stroke, Motorized Die Height
Adjustment, Closed Loop Shot End, 3-Bar Shot End Connection; with
Safety
Ratchets;
Hydraulic Ejector; Allen-Bradley Model PanelView 550 PLC
Controls;
and Vickers SCS-2000 Shot Control System, To Include:
(1) Rimrock
Model 195 Extractor/Sprayer
(1) Rimrock
Model 465 Multi-Link Automatic Ladler
(1) Manufacturer
Unknown 1,000-Lb. Gas-Fired Holding Furnace
(1) Steel Mesh
Belt Air Cooling Conveyor
1- E. A. Doyle Model
DVP-30-3042 30-Ton Trim Press, S/N 3042-779-236, (1979);
Hydraulic,
4-Post, Downacting, 30" x 42" Between Posts; with
Self-Contained Hydraulic Power Supply
1- Roto-Finish 96"D
Vibratory Finisher, S/N Unknown
<PAGE>
1- Lester 600-Ton
Aluminum Cold Chamber Die Cast Machine, S/N 8096, Asset
#11;
(Remanufactured By EPCO In 1991); Epco S.O. #9136, 47"V x 40"TH
T-Slot
Platen, 28.5"H x 28.5"V Die Clearance, 18" Minimum Daylight,
28"
Maximum
Daylight, 0-6-Shot Position, 17.5" Stroke, Motorized Die Height
Adjustment, Interface Shot End, Solid Frame Shot End Connection;
with
Safety
Ratchets; Hydraulic Ejector; Visi-Track True Trak 2020 Monitor,
and
Analysis
System, To Include:
(1) Shotbeads
Sprayer
(1) Rimrock
Automatic Extractor
(1) Snair
Automatic Ladler
(1) Manufacturer
Unknown 800-Lb. Gas-Fired Holding Furnace;
(FURNACE CURRENTLY IN MAINTENANCE; CURRENTLY NOT IN SERVICE;
OPERABLE)
(1) B.C.
Fabricators Steel Mesh Belt Air Cooling Conveyor
1- Lester 1,200-Ton
Aluminum Cold Chamber Die Cast Machine, S/N 15966, Asset
#12,
(1964); (Shot End Rebuilt In 2000); 65"V x 65"TH T-Slot Platen,
42"H
x 42"V Die
Clearance, 10.2" Minimum Daylight, 30" Maximum Daylight,
2-12-Shot
Position, 30" Stroke, Interface Shot End, 2-Bar Shot End
Connection; with Safety Ratchets; Visi Trak True Trak 2020SX
Monitor, and
Analysis
System, To Include:
(1) Rimrock
Model 195 Extractor/Sprayer
(1) Rimrock
Multi-Link Ladler (MAINTENANCE SHOP)
(1) Seco/Warwick
3200-Lb. Gas-Fired Aluminum Holding Furnace, S/N
FSR-955-95; 47"W x 81-1/2"L x 18"H, 2,000(degree)F Maximum
Temperature; with Digital Temperature Controller
(1) Steel Mesh
Belt Air Cooling Conveyor (SCRAP)
(CURRENTLY
NOT IN SERVICE; INOPERABLE)
1- Sweco 60"D Vibratory
Finisher, S/N Unknown; with Soundproof Lid
1- New Holland Chip
Wringer, S/N Not Available; 24" Diameter x 16" Depth
1- Platnick Bridge Crane,
S/N 98025, (1998); 7-1/2 Ton x 60' Span, Single
Girder,
Top Running, Overhead, Electric, Traveling; with Konecranes
Model
XL400
Electric Cable Hoist; and Pendant Control
1- Platnick 5-Ton Bridge
Crane, S/N 95037, (1995); 60' Span, Single Girder,
Top
Running, Overhead, Electric, Traveling; with Konecranes Model
XL300
Electric
Cable Hoist; and Pendant Control
1- Kitamura Model
Mycenter-0 Vertical Machining Center, S/N 75257, Asset
#5104,
(1997); Dual, 12" x 18", 1" Tables, 130-Lb. Table Load
Capacity,
12" X-,
10" Y-, and 12" Z-Axis Travel, 5.3" to 17.3" Distance From
Table
Surface to
Spindle Nose, 7.8" to 17.8" Distance From Column to Table
Center
Line, #30 Taper, 80 to 8,000-rpm Spindle Speeds, 3 hp Spindle
Drive;
with Spare Changer Automatic Pallet Changer; 16-Position
Automatic
Tool
Changer, with Asst. #30 Taper Tool Holders; Kitamura Yasnac CNC
Controls;
and (2) Model 10 HC Custom Designed and Fabricated 10-Cell
Multi
Collet
Work Hold Fixtures
<PAGE>
3- 3-Ton Jib Cranes; Each
with 3-Ton Capacity Chain Hoist, Pendant Controlled
1- Spanco 5-Ton Jib
Crane, S/N 0208205; with Shaw-Box 5-Ton Capacity Cable
Hoist,
Pendant Controlled
1- 5-Ton Jib Crane; with
Wright 5-Ton Capacity Chain Hoist, Manual
1- Pangborn Model RG
Rotoblast Shot Blast Machine, S/N 140-2RG1-681; 22" x
30",
Tumblast; with Reclaim Elevator; and Hammond Model DK-1055
(Duskolector) Bag-Type Dust Collector, 4-Bag; (Overhauled In June
2003)
1- BAC Model VTO-065-J
Cooling Tower, (2003); Rooftop Mounted
MACHINING
1- Jet Model JDP-20MF 20"
Single-Spindle Floor-Type Drill, S/N 7030560
1- Mfr. Unknown 16"
Single-Spindle Floor-Type Drill; with Multi-Spindle Drill
Head
1- Delta Rockwell 16"
Single-Spindle Floor-Type Drill
1- 8" Single-End Wire
Wheel Buffer
1- Clausing Model 1667
16" 2-Spindle Production Drill, S/N 517856
1- Lincoln Model
DPF1658-2 16" Single-Spindle Floor-Type Drill, S/N 522795,
(1992)
1- Clausing Model 1635
16" 4-Spindle Production Drill, S/N 118087
1- Enshu Model Type DT-CL
Vertical CNC Tapping Center, S/N 345, Asset #5,
(1994);
16" x 27-1/2" Table, 23" X-, 16" Y-, and 16" Z-Axis Travel, 120
to
12,000-rpm
Spindle Speeds, 7.3 hp, #30 Taper; with ENAC-1 CNC Control
1- Denison Model
R065LC26ID266C218A59S220 6-Ton C-Frame Press, S/N 21063,
(1968)
1- Enshu Model Type DT-CL
Vertical CNC Tapping Center, S/N 439, Asset #4,
(1994);
16" x 27-1/2" Table, 23" X-, 16" Y-, and 16" Z- Axis Travel,
120
to 12,000
rpm Spindle Speeds, 7.3 hp, #30 Taper; with ENAC-1 CNC Control;
and Haas
Rotary Indexer
1- Starrett Granite
Surface Plate; 18" x 24" x 4" Table Size
1- Starrett 12" x 18" x
4" Granite Surface Plate
1- Manufacturer Unknown
Aluminum Belt Sander; 3" Belt; with Dust Collector
<PAGE>
1- Mid-West Tool Custom
Designed and Fabricated Brushing Press, S/N 246
1- Clausing Model 2224
20" Single-Spindle Production Drill, S/N 106932
1- Custom Designed &
Fabricated Horizontal and Vertical Drilling Machine;
with
Production Table
1- Duracraft Model 45161
16" Single-Spindle Floor-Type Drill, S/N G03599,
(1987)
1- Enco Model DS-20 20"D
Disc Sander, S/N 8160, (1984), 2 hp; (Currently Not
in
Service; Operable)
1- Bridgeport Vertical
Milling Machine, S/N J107727, (1967), 1 hp; 80 to
2,720-rpm
Spindle Speeds, 9" x 42" Table
1- Gorton Drill Grinder,
S/N Unknown
1- Specially Manufactured
Horizontal Drilling Machine
1- Specially Manufactured
Horizontal Drilling Machine
1- Bridgeport Vertical
Milling Machine, S/N J15328, 1 hp; 80 to 2,720-rpm
Spindle
Speeds, 9" x 42" Table; with Specially Manufactured Work
Fixture
1- Clausing Model 1667
16" Single-Spindle Production Drill, S/N 516547
1- Takisawa Model TC-2
CNC Lathe, S/N THRMU5947, (1985); 7.37 hp, 20" Swing;
with
8-Position Turret; and Fanuc CNC Controls
1- Seibu Model SNC-200UP
Horizontal CNC Chucker, S/N 4-71840-5; 8" Swing, 5"
x 12"
T-Slot Worktable; with Collet Chuck; Fanuc Series O-T CNC
Control;
and
Oilmatic Model KTVM-5C-HM1 Automatic Oil Temperature Regulator
1- Seibu Model SNC-200UP
Horizontal CNC Chucker, S/N 4-71729-3; 8" Swing, 5"
x 12"
T-Slot Worktable; with Collet Chuck; Fanuc Series O-T CNC
Control;
and
Oilmatic Model KTVM-5C-HM1 Automatic Oil Temperature Regulator
1- Mitutoyo 48" x 72" x
10" Granite Surface Plate, S/N 2505-1
1- Lot of Factory and
Support Equipment For BOTH MACHINING AND TOOL ROOM
1- Hitachi Seiki Model
HT20SII CNC Turning Center, S/N 2843, Asset #785,
(1995), 15
hp; CNC, 2-Axis, 5,000-rpm Spindle Speeds, 15" Maximum Swing,
8-1/4"
Maximum Turning Diameter, 15" Maximum Turning Length, 2" Bar
Capacity;
with 10-Position Turret; Collet Chuck; Aercology Mist
Collector;
Elevated
Chip Conveyor; and Seiki Multi CNC Control
1- Sugino Model
ES2-2-3060 Self Feeder, S/N J11DA301219, (2004); with Collet
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Chuck; and
Level Clamp
1- Ultraline 6" W x 6' L
Inclined Nose Over Conveyor, (2004); Variable Speed
1- Powermatic Model 1100
Drill Press, S/N 0-1186-1
TOOLROOM
1- Wellsaw Model 1118
Horizontal Band Saw, S/N 2599; 30" Part Width Capacity,
12"
Throat
1- Carlton 3' x 10"D
Radial Arm Drill, S/N Unknown; 36 to 1,500-rpm Spindle
Speeds;
with 18" x 24" Drill Box Table; and 36" x 42" T-Slot Platform,
30"
Vertical
Travel
1- Coffing 3-Ton Chain
Hoist; Pendant Controlled
1- Dake Model 75H 75-Ton
Capacity Hydraulic H-Frame Press, S/N 140208,
(1960);
44" Between Posts
1- Lincoln Model Tig
300/300 300-Amp. Welder, S/N AC-586982, (1984); with
Dyna-Flux
Chiller
1- Lincoln Model Square
Wave Tig 175 175-Amp. Welder, S/N 01330-41980612459,
(1988)
1- Bridgeport
Variable-Speed Vertical Milling Machine, S/N 133804, (1951); 60
to
4,200-rpm Variable Spindle Speeds, 9" x 48" Table; with Bausch
& Lomb
Acu-Rite
II 3-Axis Digital Readout; and Machinists Vise
1- Bridgeport Vertical
Milling Machine, S/N 58781, (1962), 1 hp; 80 to
2,720-rpm
Spindle Speeds, 9" x 48" Table; with Teledyne Gurley Pathfinder
2-Axis
Digital Readout
1- Bridgeport Vertical
Milling Machine, S/N 105568, (1967), 1 hp; 80 to
2,720-rpm
Spindle Speeds, 9" x 48" Table
1- South Bend Model
CL8117C Toolroom Lathe, S/N 8668HKX12; 16" Swing, 52"
Bed, 38"
Between Centers, 1-1/2" Hole Through Spindle; with Threading
Attachment
1- Millport Model
SJ-1760G Engine Lathe, S/N 840517, (1984); 17" Swing, 80"
Bed, 60"
Between Centers, 2" Hole Through Spindle; with Threading
Attachment
1- Standard-Modern Model
Utilathe Series 2000 Toolroom Lathe, S/N 3873; 50 to
1,500-rpm
Spindle Speeds, 13" Swing, 42" Bed, 30" Between Centers, 1-1/2"
Hole
Through Spindle
1- Cincinnati Bickford
Model Super Service 28" Single-Spindle Production
Drill, S/N
3L414; 14" Throat, 18" x 28" T-Slot Worktable; with Machinists
Vise
<PAGE>
1- Motor-Avey Model MA6
Singl
