Exhibit 10 (h) Amendment #7 to Loan Agreement Dated September 9, 1997Loan Agreement • September 26th, 1997 • Lannett Co Inc • Pharmaceutical preparations
This letter confirms that the Maturity Date (as defined in the Loan Agreement) for the Revolving Credit Loan is extended to October 1, 1999 and that the availability on the Revolving Credit Loan is extended to $4,250,000. This letter also confirms that the Lender will not declare an Event of Default under the Loan Agreement or any promissory note or other document executed and delivered in connection with the Loan Agreement if borrower fails to pay interest accrued from April 1, 1995 to June 30, 1996, and from July 1, 1996 to June 30, 1998, respectively on the Revolving Credit Loan (as defined in the Loan Agreement) or the Term Loan (as defined in the Loan Agreement) in monthly installments as currently provided in the Loan Agreement; provided that (i) Borrower pays such accrued interest in twenty-four (24) equal monthly installments, commencing January 15, 1998 and July 15, 1998 respectively and continuing on the fifteenth day of each month thereafter until paid in full, and (ii) any
Exhibit 10(v) Amendment to Loan Agreement between the Company and Corestates Bank, dated May 23, 1997Loan Agreement • September 26th, 1997 • Lannett Co Inc • Pharmaceutical preparations • Pennsylvania
FOR VALUE RECEIVED, each of the undersigned, jointly and severally if more than one (hereinafter collectively referred to as "Borrower"), promises to pay to the order of CoreStates Bank, N.A.*, a national banking association (the "Bank"), at any of its banking offices in Pennsylvania, the principal amount of
Exhibit 10(w) Amendment to Loan Agreement between the Company and Corestates Bank, dated September 24, 1997Loan Agreement • September 26th, 1997 • Lannett Co Inc • Pharmaceutical preparations • Pennsylvania
FOR VALUE RECEIVED, each of the undersigned, jointly and severally if more than one (hereinafter collectively referred to as "Borrower"), promises to pay to the order of CoreStates Bank, N.A.*, a national banking association (the "Bank"), at any of its banking offices in Pennsylvania, the principal amount of
