MFRI, INC., MIDWESCO FILTER RESOURCES, INC., PERMA-PIPE, INC., THERMAL CARE, INC. AND TDC FILTER MANUFACTURING, INC., AS BORROWERS AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT Dated: December 15, 2006 BANK OF AMERICA, N.A. Individually and as...Loan and Security Agreement • December 20th, 2006 • Mfri Inc • Industrial & commercial fans & blowers & air purifing equip • Illinois
THIS LOAN AND SECURITY AGREEMENT is made as of this 15th day of December, 2006, by and among BANK OF AMERICA, N.A., a national banking association (“Bank of America”) with an office at One South Wacker Drive, Suite 3400, Chicago, Illinois 60606, individually as a Lender and as Agent (“Agent”) for itself and any other financial institution which is or becomes a party hereto (each such financial institution, including Bank of America, is referred to hereinafter individually as a “Lender” and collectively as the “Lenders”), the LENDERS and 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”). Capitalized terms used in this Agreement have the meanings assigned to them in Appendix A, General Definitions. Accounting terms not otherwise specifically d
