RECITALSNote and Loan Agreement • August 14th, 2003 • Paragon Technologies Inc • Construction, mining & materials handling machinery & equip
Exhibit 10.34 ------------- PROMISSORY NOTE (Term Loan A)Paragon Technologies Inc • August 14th, 2003 • Construction, mining & materials handling machinery & equip
Borrower promises to pay to the order of Bank, in lawful money of the United States of America, at its office indicated above or wherever else Bank may specify, the sum of Two Million Twelve Thousand Five Hundred and No/100 Dollars ($2,012,500.00) or such sum as may be advanced and outstanding from time to time, with interest on the unpaid principal balance at the rate and on the terms provided in this Promissory Note (including all renewals, extensions or modifications hereof, this "Note").
Exhibit 10.33 ------------- LOAN AGREEMENT (Term Loan A-$2,012,500.00 and Term Loan B - $2,012,500.00) Wachovia Bank, National Association 702 Hamilton Street Allentown, Pennsylvania 18101 (Hereinafter referred to as the "Bank") Paragon Technologies,...Loan Agreement • August 14th, 2003 • Paragon Technologies Inc • Construction, mining & materials handling machinery & equip
Exhibit 10.36 ------------- SECURITY AGREEMENTParagon Technologies Inc • August 14th, 2003 • Construction, mining & materials handling machinery & equip
For value received and to secure payment and performance of the Term Loan A obligations of Debtor (also referred to collectively herein as "Borrower") to Bank however created, arising or evidenced, whether direct or indirect, absolute or contingent, now existing or hereafter arising or acquired, and whether or not evidenced by a Loan Document, including swap agreements (as defined in 11 U.S.C. ss.101), future advances, and all costs and expenses incurred by Bank to obtain, preserve, perfect and enforce the security interest granted herein and to maintain, preserve and collect the property subject to the security interest (collectively, "Obligations"), Debtor hereby grants to Bank a continuing security interest in and lien upon the following described property, whether now owned or hereafter acquired, and any additions, replacements, accessions, or substitutions thereof and all cash and non-cash proceeds and products thereof (collectively, "Collateral"): Debtor's deposit account number,
