STANDBY LETTER OF CREDIT AGREEMENTStandby Letter of Credit Agreement • January 18th, 2008 • Miscor Group, Ltd. • Services-miscellaneous repair services • California
Applicant hereby requests that you, Wells Fargo Bank, National Association ("Wells Fargo"), issue in your name one or more standby letters of credit pursuant to Applications for the issuance of such Credits and the terms and conditions of this Agreement. Each Credit will be issued at Applicant's request and for its account, and, unless otherwise specifically provided in any Loan Document, at your option. Applicant agrees that the terms and conditions in this Agreement shall apply to each Application and the Credit issued pursuant to each Application, and to transactions under each Application, each Credit and this Agreement.
SUBORDINATION AGREEMENTSubordination Agreement • January 18th, 2008 • Miscor Group, Ltd. • Services-miscellaneous repair services • Wisconsin
This Subordination Agreement, dated as of January 14, 2008, is made by BDeWees, Inc., an Ohio corporation and XGen III, Ltd., an Ohio limited liability company (collectively, the “Subordinated Creditors”), for the benefit of Wells Fargo Bank, National Association, acting through its Wells Fargo Business Credit operating division (the “Lender”).
PATENT AND TRADEMARK SECURITY AGREEMENTPatent and Trademark Security Agreement • January 18th, 2008 • Miscor Group, Ltd. • Services-miscellaneous repair services • Wisconsin
REAL ESTATE NOTEReal Estate Note • January 18th, 2008 • Miscor Group, Ltd. • Services-miscellaneous repair services
This Real Estate Note is the Real Estate Note referred to in the Credit Agreement, and is subject to the terms of, the Credit Agreement, which provides, among other things, for acceleration hereof. Principal and interest due hereunder shall be payable as provided in the Credit Agreement, and this Real Estate Note may be prepaid only in accordance with the terms of the Credit Agreement. This Real Estate Note is secured, among other things, pursuant to the Credit Agreement and the Security Documents as therein defined, and may now or hereafter be secured by one or more other security agreements, mortgages, deeds of trust, assignments or other instruments or agreements.
SUBORDINATION AGREEMENTSubordination Agreement • January 18th, 2008 • Miscor Group, Ltd. • Services-miscellaneous repair services • Wisconsin
This Subordination Agreement, dated as of January 14, 2008, is made by JOHN A. MARTELL (the “Subordinated Creditor”), for the benefit of WELLS FARGO BANK, NATIONAL ASSOCIATION, acting through its Wells Fargo Business Credit operating division (the “Lender”).
REVOLVING NOTERevolving Note • January 18th, 2008 • Miscor Group, Ltd. • Services-miscellaneous repair services
This Revolving Note is the Revolving Note referenced in the Credit Agreement, and is subject to the terms of the Credit Agreement, which provides, among other things, for acceleration hereof. Principal and interest due hereunder shall be payable as provided in the Credit Agreement, and this Revolving Note may be prepaid only in accordance with the terms of the Credit Agreement. This Revolving Note is secured, among other things, pursuant to the Credit Agreement and the Security Documents as therein defined, and may now or hereafter be secured by one or more other security agreements, mortgages, deeds of trust, assignments or other instruments or agreements.
REAL ESTATE MORTGAGE, SECURITY AGREEMENT, AND ASSIGNMENT OF LEASES AND RENTSReal Estate Mortgage • January 18th, 2008 • Miscor Group, Ltd. • Services-miscellaneous repair services • Alabama
THIS REAL ESTATE MORTGAGE, SECURITY AGREEMENT, AND ASSIGNMENT OF LEASES AND RENTS (“Mortgage”) is made as of the 14th day of January, 2008, by MAGNETECH INDUSTRIAL SERVICES, INC., an Indiana corporation having a notice address of 1125 S. Walnut Street, South Bend, Indiana 46619 (“Mortgagor”) in favor of WELLS FARGO BANK, NATIONAL ASSOCIATION, acting through its WELLS FARGO BUSINESS CREDIT operating division, a national banking association having a notice address of 100 East Wisconsin Avenue, Milwaukee, Wisconsin 53202 (“Mortgagee”). THIS SPACE RESERVED FOR RECORDING DATE
ContractCredit and Security Agreement • January 18th, 2008 • Miscor Group, Ltd. • Services-miscellaneous repair services • Wisconsin
CREDIT AND SECURITY AGREEMENT BY AND AMONG MISCOR GROUP, LTD. MAGNETECH INDUSTRIAL SERVICES, INC. MARTELL ELECTRIC, LLC HK ENGINE COMPONENTS, LLC MAGNETECH POWER SERVICES, LLC IDEAL CONSOLIDATED, INC. 3-D SERVICE, LTD. AMERICAN MOTIVE POWER, INC. AND WELLS FARGO BANK, NATIONAL ASSOCIATION Acting through its Wells Fargo Business Credit operating division
COLLATERAL PLEDGE AGREEMENT Date: January 14, 2008Collateral Pledge Agreement • January 18th, 2008 • Miscor Group, Ltd. • Services-miscellaneous repair services
