TERM LOAN AND SECURITY AGREEMENT DATED AS OF SEPTEMBER 30, 2000Term Loan and Security Agreement • October 3rd, 2001 • Pharmaceutical Formulations Inc • Pharmaceutical preparations • New York
TERM LOAN AGREEMENT dated as of September 30, 2000 between PHARMACEUTICAL FORMULATIONS INC., 460 Plainfield Avenue, Edison, New Jersey 08818, a Delaware corporation (the "Borrower"), and ICC INDUSTRIES INC., 460 Park Avenue, New York, New York 10022, a New York corporation (the "Lender").
GUARANTYGuaranty • October 3rd, 2001 • Pharmaceutical Formulations Inc • Pharmaceutical preparations • New York
This Guaranty is executed as an inducement to you to make loans or advances to the Company or otherwise to extend credit or financial accommodations to the Company, or to enter into or continue a financing arrangement with the Company, and is executed in consideration of your doing or having done any of the foregoing. Each of the Guarantors agrees that any of the foregoing shall be done or extended by you in your sole discretion, and shall be deemed to have been done or extended by you in consideration of and in reliance upon the execution of this Guaranty, but that nothing herein shall obligate you to do any of the foregoing.
CIT Business Credit 1211 Avenue of the Americas New York, NY 10030Loan and Security Agreement • October 3rd, 2001 • Pharmaceutical Formulations Inc • Pharmaceutical preparations
Reference is made to the Loan and Security Agreement between The CIT Group/Business Credit~ Inc. assignee of Fidelcor Business Credit Corporation and you, dated August 4, 1989 as amended from time to time (the “Agreement"). Capitalized terms as used herein shall have the meanings ascribed to them in the Agreement unless otherwise specifically defined herein.
