LOAN AGREEMENT Among GE CAPITAL PUBLIC FINANCE, INC., as Lender, and WASHINGTON ECONOMIC DEVELOPMENT FINANCE AUTHORITY, as Issuer, and ABSORPTION CORP., as Borrower Dated as of September 1, 2006 This instrument constitutes a security agreement under...Loan Agreement • December 8th, 2006 • International Absorbents Inc • Converted paper & paperboard prods (no contaners/boxes)
THIS LOAN AGREEMENT dated as of September 1, 2006 (this “Agreement”) among GE Capital Public Finance, Inc., a Delaware corporation, as lender (with its successors and assigns, “Lender”), Washington Economic Development Finance Authority, a public body corporate and politic with perpetual corporate succession, constituting an instrumentality of the State of Washington (the “State”), as issuer (“Issuer”), and Absorption Corp., a Nevada corporation, as borrower (“Borrower”).
CORPORATE GUARANTY AND NEGATIVE PLEDGE AGREEMENTCorporate Guaranty and Negative Pledge Agreement • December 8th, 2006 • International Absorbents Inc • Converted paper & paperboard prods (no contaners/boxes) • Washington
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and to induce GE Capital Public Finance, Inc., a Delaware corporation (herein, with its participants, successors and assigns, “Lender”), at its option, to provide financing to or for the account of Washington Economic Development Finance Authority (“Issuer”) and Absorption Corp. (“Borrower”) or to engage in any other transactions with Borrower and Issuer, the undersigned hereby: (a) absolutely and unconditionally guarantees to Lender the full and prompt payment when due, whether at maturity or earlier by reason of acceleration or otherwise in accordance with the terms of the Loan Agreement (as defined below), of any and all present and future debts, liabilities and obligations owed by Borrower or Issuer to Lender evidenced by or arising out of the Loan Agreement dated as of September 1, 2006 (the “Loan Agreement”) among Lender, Borrower and Issuer, and any and all extensions, renewals, mo
