EIGHTH AMENDMENT TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • September 21st, 2006 • Mfri Inc • Industrial & commercial fans & blowers & air purifing equip • Illinois
THIS EIGHTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (“Eighth Amendment”) is made as of the 18th day of September, 2006 by and among MFRI, Inc., a Delaware corporation (“MFRI”), Midwesco Filter Resources, Inc., a Delaware corporation (“Midwesco”), Perma-Pipe, Inc., a Delaware corporation (“Perma-Pipe”), Thermal Care, Inc., a Delaware corporation (“Thermal Care”) and TDC Filter Manufacturing, Inc., a Delaware corporation (“TDC”), the lenders who are signatories hereto (“Lenders”), and Bank of America, N.A., a national banking association (“B of A”) as successor-in-interest to Fleet Capital Corporation, as agent for Lenders hereunder (B of A, in such capacity, being “Agent”). MFRI, Midwesco, Perma-Pipe, Thermal Care and TDC are sometimes hereinafter referred to individually as a “Borrower” and collectively as “Borrowers.”
