SECURED REVOLVING CREDIT NOTESecured Revolving Credit Note • December 14th, 2009 • Elecsys Corp • Electronic components, nec
FOR VALUE RECEIVED, Elecsys Corporation, a Kansas corporation (the “Borrower”) promises to pay to the order of UMB Bank, N.A. (the “Bank”), at its main office in Kansas City, Missouri, on October 30, 2011, or as otherwise required by the terms of the Secured Loan Agreement, as defined below, the principal sum of Six Million and 00/100 Dollars ($6,000,000) or such other lesser amount as shall be noted on the Schedule of Disbursements and Payments of Principal attached hereto pursuant to the authority set forth herein or otherwise recorded on the books and records of the Bank, together with interest on the unpaid principal balance hereof from time to time outstanding from date or dates of disbursement until paid at the rate or rates set forth in that certain Secured Loan Agreement between the Bank and the Borrower dated the date hereof (the “Secured Loan Agreement”), adjusted as set forth therein, with all accrued interest payable as set forth therein. Interest hereunder shall be compute
SECURED LOAN AGREEMENTSecured Loan Agreement • December 14th, 2009 • Elecsys Corp • Electronic components, nec • Missouri
This SECURED LOAN AGREEMENT dated as of October 30, 2009 (the “Date”), is entered into by and between Elecsys Corporation, a Kansas corporation (“Borrower”) and UMB Bank, N.A., a national banking association (“Lender”).
BOND PLEDGE AGREEMENTBond Pledge Agreement • December 14th, 2009 • Elecsys Corp • Electronic components, nec • Missouri
THIS BOND PLEDGE AGREEMENT (“Agreement”), dated as of October 30, 2009 is between DCI, Inc., a Kansas corporation (“Pledgor”), and UMB Bank, N.A., a national banking association (the “Bank”).
SECURITY AGREEMENTSecurity Agreement • December 14th, 2009 • Elecsys Corp • Electronic components, nec • Missouri
THIS SECURITY AGREEMENT (the “Agreement”) is made as of October 30, 2009, by Elecsys Corporation, a Kansas corporation (“Debtor” ), whose mailing address is 846 N. Mart-Way Court, Olathe, Kansas 66061, in favor of UMB Bank, N.A., a national banking association (together with its successors and assigns, “Secured Party”), whose mailing address is 1010 Grand Boulevard, Kansas City, Missouri 64106.
