TERM LOAN AND SECURITY AGREEMENTTerm Loan and Security Agreement • April 15th, 2016 • Appliance Recycling Centers of America Inc /Mn • Retail-home furniture, furnishings & equipment stores • Illinois
This Fifth Amendment to Revolving Credit, Term Loan and Security Agreement (this “Amendment”) is made as of this 22nd day of January, 2016 among APPLIANCE RECYCLING CENTERS OF AMERICA, INC., a Minnesota corporation (“ARCA”), ARCA RECYCLING, INC., a California corporation (“ARCA Recycling”), ARCA CANADA INC., an Ontario, Canada, corporation (“ARCA Canada”), APPLIANCESMART, INC., a Minnesota corporation (“ApplianceSmart,” together with ARCA, ARCA Recycling and ARCA Canada, collectively, the “Borrowers” and each individually, a “Borrower”), certain financial institutions party to the Credit Agreement from time to time as lenders (collectively, the “Lenders”), and PNC BANK, NATIONAL ASSOCIATION, as agent and lender (“PNC,” in such capacity, “Agent”).
