Loan and Security AgreementLoan and Security Agreement • February 25th, 2005 • Chyron Corp • Photographic equipment & supplies • California
THIS LOAN AND SECURITY AGREEMENT (this "Agreement") is entered into on the above date between SILICON VALLEY BANK, a California-chartered bank, with its principal place of business at 3003 Tasman Drive, Santa Clara, California 95054 and with a loan production office located at One Newton Executive Park, Suite 200, 2221 Washington Street, Newton, Massachusetts 02462, doing business as Silicon Valley East ("Silicon"), and the borrower named above (the "Borrower"), whose chief executive office is located at the above address ("Borrower's Address"). The Schedule and Exhibits to this Agreement (the "Schedule" and the "Exhibits," respectively) shall for all purposes be deemed to be part of this Agreement, and the same are integral parts of this Agreement. (Definitions of certain terms used in this Agreement are set forth in Section 8 below.)
FIRST LOAN MODIFICATION AGREEMENTLoan Modification Agreement • February 25th, 2005 • Chyron Corp • Photographic equipment & supplies
This First Loan Modification Agreement (this "Loan Modification Agreement") is entered into as of February 24, 2005, by and between SILICON VALLEY BANK, a California-chartered bank, with its principal place of business at 3003 Tasman Drive, Santa Clara, California 95054 and with a loan production office located at One Newton Executive Park, Suite 200, 2221 Washington Street, Newton, Massachusetts 02462, doing business under the name "Silicon Valley East" ("Bank") and CHYRON CORPORATION, a New York corporation with offices at 5 Hub Drive, Melville, New York 11747 ("Borrower").
Chyron Corporation (the "Borrower") is this day entering into a Loan and Security Agreement (the "Loan Agreement") with Silicon Valley Bank (the "Bank"). All capitalized terms used herein have the same meanings herein as in the Loan Agreement.Loan and Security Agreement • February 25th, 2005 • Chyron Corp • Photographic equipment & supplies
This letter is intended to set forth certain additional terms and conditions (the "Supplemental Agreements") which the Borrower is obligated to comply with in connection with the loan arrangement evidenced by the Loan Agreement. Specifically:
