CITIZENS BANK OF MASSACHUSETTS LOAN AND SECURITY AGREEMENT (ALL ASSETS)Loan and Security Agreement • November 4th, 2005 • Gerber Scientific Inc • Special industry machinery, nec • Massachusetts
This LOAN AND SECURITY AGREEMENT (this "Agreement") is entered into as of October 31, 2005 by and among CITIZENS BANK OF MASSACHUSETTS, a Massachusetts bank with offices at 53 State Street, Boston, Massachusetts 02109, as administrative agent, collateral agent and Security Trustee (as defined below) (in such capacities, the "Agent"), for its own benefit and the ratable benefit of the Revolving Credit Lenders and the Term Loan Lenders, and as Issuing Bank (each as defined below), the Revolving Credit Lenders, the Term Loan Lenders; Gerber Scientific, Inc., a Connecticut corporation ("Gerber"), and Gerber Scientific International, Inc., a Connecticut corporation and a wholly owned subsidiary of Gerber, (hereinafter, together with Gerber referred to individually as a "Borrower" and collectively, as the "Borrowers") in consideration of the mutual covenants herein contained and benefits to be derived herefrom.
