TERM LOAN AND SECURITY AGREEMENT DATED AS OF MARCH 31, 2005Term Loan and Security Agreement • June 1st, 2005 • Pharmaceutical Formulations Inc • Pharmaceutical preparations • New York
TERM LOAN AGREEMENT dated as of March 31, 2005, 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").
WAIVERWaiver • June 1st, 2005 • Pharmaceutical Formulations Inc • Pharmaceutical preparations
Reference is made to the First Amended and Restated Financing Agreement dated May 15, 2003 between The CIT Group/Business Credit ("Lender") and Pharmaceutical Formulations, Inc. and Konsyl Pharmaceuticals, Inc., jointly and severally as borrower (collectively herein referred to as "Borrower"), as supplemented and amended from time to time (the "Financing Agreement"). Capitalized terms used and not otherwise defined in this letter shall have the meanings given to such terms in the Financing Agreement.
