LINE OF CREDIT AGREEMENT This Line of Credit Agreement ("Agreement") is made and entered into this 30th day of March 1998 by and between SANWA BANK CALIFORNIA (the "Bank") and APPLIED SIGNAL TECHNOLOGY, INC. (the "Borrower"). SECTION I DEFINITIONS...Line of Credit Agreement • June 9th, 1998 • Applied Signal Technology Inc • Radio & tv broadcasting & communications equipment • California
LINE OF CREDIT AGREEMENT This Line of Credit Agreement ("Agreement") is made and entered into this 30th day of March 1998 by and between SANWA BANK CALIFORNIA (the "Bank") and APPLIED SIGNAL TECHNOLOGY, INC. (the "Borrower"). SECTION I DEFINITIONS 1.01. Certain Defined Terms. Unless elsewhere defined in this Agreement the following terms shall have the following meanings (such meanings to be generally applicable to the singular and plural forms of the terms defined): A. "Advance" shall mean an advance to the Borrower under any line of credit facility or similar facility provided for in Section II of this Agreement which provides for draws by the Borrower against an established credit line. B. "Business Day" shall mean a day, other than a Saturday or Sunday, on which commercial banks are open for business in California. C. "Collateral" shall mean any personal or real property in which the Bank may be granted a lien or security interest to secure payment of the Obligations. D. "Debt" sha
