ANDLoan and Security Agreement • November 14th, 2003 • Stanadyne Automotive Corp • Motor vehicle parts & accessories • New York
EXHIBIT 10.16(c) SWING LINE NOTESwing Line Note • November 14th, 2003 • Stanadyne Automotive Corp • Motor vehicle parts & accessories
This Swing Line Note is issued pursuant to that certain Loan and Security Agreement dated as of the date hereof by and among Agent, the lenders from time to time party thereto ("Lenders"), Borrowers, and Stanadyne Automotive Holding Corp. (as the same now exists or may hereafter be amended, restated, renewed, replaced, substituted, supplemented, extended, or otherwise modified, the "Loan Agreement") and is entitled to the benefit and security of the Loan Agreement and Other Documents. Reference is hereby made to the Loan Agreement for a statement of all of the terms and conditions under which the Loans evidenced hereby are made and are to be repaid. The date and amount of each Swingline Loan made by Swing Line Lender to Borrowers, the rate of interest applicable thereto and each payment made on account of the principal thereof, shall be recorded by Agent on its books; provided that the failure of Agent to make any such recordation shall not affect the obligations of Borrowers to make a
TERM NOTETerm Note • November 14th, 2003 • Stanadyne Automotive Corp • Motor vehicle parts & accessories
This Term Note is the Term Note issued pursuant to that certain Loan and Security Agreement dated the date hereof (including all exhibits and schedules thereto and as from time to time may be amended, restated, renewed, replaced, substituted, supplemented, extended, or otherwise modified, the "Loan Agreement"), and is entitled to the benefit and security of the Loan Agreement and all of the Other Documents referred to therein by and among Debtors, Stanadyne Automotive Holding Corp., Agent, and the other financial institutions signatory thereto from time to time as lenders ("Lenders"). Reference is hereby made to the Credit Agreement for a statement of all of the terms and conditions under which the loans evidenced hereby are made and are to be repaid.
EXHIBIT 10.16(b) REVOLVING CREDIT NOTERevolving Credit Note • November 14th, 2003 • Stanadyne Automotive Corp • Motor vehicle parts & accessories
This Note evidences the aggregate outstanding principal balance, from time to time, of the Revolving Advances made by Payee to each Debtor pursuant to the Loan Agreement, the aggregate principal amount of which at any one time outstanding Payee intends not to exceed, with respect to each Debtor, the greater of (a) applicable Debtor's Individual Maximum Revolving Advance Amount and (b) the applicable Debtor's Individual Formula Amount. It is contemplated that there may be times when no indebtedness is owing hereunder; but notwithstanding any such occurrence or occurrences, this Note shall remain valid and shall be in full force and effect as to the Revolving Advances made subsequent to each such occurrence.
