RECITALSLoan and Security Agreement • December 17th, 1997 • Jacobs Jay Inc • Retail-family clothing stores • Washington
SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT This Second Amendment to Loan and Security Agreement ("Amendment") is dated as of December 5, 1997, and entered into by and between JAY JACOBS, INC., a Washington corporation ("Borrower"), J.J....Loan and Security Agreement • December 17th, 1997 • Jacobs Jay Inc • Retail-family clothing stores • Washington
i) The lesser of: (a) 60% (or such lesser percentage as may be specified by Lender from time to time by written notice to Borrower) of the value of Borrower's Eligible Inventory, valued on a first in, first out basis (at the lower of cost or market);...Capital Commercial Finance • December 17th, 1997 • Jacobs Jay Inc • Retail-family clothing stores • Washington
