Common Contracts

DEBTOR-IN-POSSESSION LOAN AND SECURITY AGREEMENT

Loan & Security Agreement • August 29th, 2017 • New York

• Contract Type
  Loan & Security Agreement
• Filed
  August 29th, 2017
• Jurisdiction
  New York

Pursuant to Section 364(c) and (d) of the Bankruptcy Code, this Debtor-in-Possession Loan and Security Agreement (as it may be amended, restated or otherwise modified from time to time, this “Agreement”) is entered into as of September [__], 2017 among (1) SIENA LENDING GROUP LLC, together with its successors and assigns (“Lender”) and (2) Wordsworth Academy, a Pennsylvania non-profit corporation, as debtor-in-possession (“Borrower 1”), Wordsworth CUA 5, LLC, a Pennsylvania non-profit limited liability company, as debtor-in-possession (“Borrower 2”) and Wordsworth CUA 10, LLC, a Pennsylvania non-profit limited liability company, as debtor-in- possession (“Borrower 3” and together with Borrower 1 and Borrower 2 and any other Person why from time to time becomes a borrower hereunder, individually and collectively as the context may require, “Borrower”). The Schedules and Exhibits to this Agreement are an integral part of this Agreement and are incorporated herein by reference. Terms used