Security Agreement (All Assets) As of June __, 1999, for value received, the undersigned ("Debtor") grants to Comerica Bank ("Bank"), a Michigan banking corporation, a continuing security interest in the Collateral (as defined below) to secure payment...Security Agreement • May 1st, 2000 • Ajay Sports Inc • Sporting & athletic goods, nec • Michigan
Guaranty As of June , 1999, the undersigned, for value received, unconditionally and absolutely guarantee(s) to Comerica Bank ("Bank"), a Michigan banking corporation, payment when due, whether by stated maturity, demand, acceleration or otherwise, of...Guaranty • May 1st, 2000 • Ajay Sports Inc • Sporting & athletic goods, nec
RECITALSCredit Agreement • May 1st, 2000 • Ajay Sports Inc • Sporting & athletic goods, nec
Guaranty As of June ___, 1999, the undersigned, for value received, unconditionally and absolutely guarantee(s) to Comerica Bank ("Bank"), a Michigan banking corporation, payment when due, whether by stated maturity, demand, acceleration or otherwise,...Ajay Sports Inc • May 1st, 2000 • Sporting & athletic goods, nec
Subordination Agreement (All Indebtedness and Liens) _____________________________("Borrower") is indebted to the undersigned ("Creditor") in the principal sum of__________________________________ Dollars ($____________ ) evidenced by an open account...Subordination Agreement • May 1st, 2000 • Ajay Sports Inc • Sporting & athletic goods, nec • Michigan
THIS SUBORDINATED PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION UNDER SUCH ACT AND THE RULES...Ajay Sports Inc • May 1st, 2000 • Sporting & athletic goods, nec
Amendment to Note This Amendment to Note ("Amendment"), made, delivered, and effective as of September 7, 1999, by and between Pro Golf International, Inc. ("Borrower") and COMERICA BANK ("Bank"). WHEREAS, Borrower and Bank are parties to that certain...Ajay Sports Inc • May 1st, 2000 • Sporting & athletic goods, nec
Amendment No. 3 to Note and Waiver This Amendment to Note and Waiver ("Amendment"), made, delivered, and effective as of March 15, 2000, by and between Pro Golf International, Inc. ("Borrower") and COMERICA BANK ("Bank"). WHEREAS, Borrower and Bank...Note and Waiver • May 1st, 2000 • Ajay Sports Inc • Sporting & athletic goods, nec
Amendment No. 2 to Note This Amendment to Note ("Amendment"), made, delivered, and effective as of November 8, 1999, by and between Pro Golf International, Inc. ("Borrower") and COMERICA BANK ("Bank"). WHEREAS, Borrower and Bank are parties to that...Ajay Sports Inc • May 1st, 2000 • Sporting & athletic goods, nec
