MORTGAGEMortgage • July 16th, 2009 • Craftmade International Inc • Wholesale-electrical appliances, tv & radio sets • Michigan
THIS MORTGAGE (this “Mortgage”), executed on the date indicated on the acknowledgment attached to this Mortgage, but to be effective as of July 8, 2009, is entered into by WOODARD—CM, LLC, a Delaware limited liability company, as mortgagor for all purposes hereunder (“Borrower”), whose address is 650 South Royal Lane, Suite 100, Coppell, Texas 75019, Attention: Mr. Brad Heimann, for the benefit of THE FROST NATIONAL BANK, as mortgagee for all purposes hereunder (“Lender”), whose address is 100 W. Houston, San Antonio, Texas 78205, Attention: Ms. Kathy Hargrave. For all state law, statutory and other purposes hereunder, (i) the term “Borrower” as used herein shall be deemed to mean a mortgagor of the Property as described herein the same as if the term “mortgagor” were used in lieu of the term “Borrower” throughout this Mortgage, and (ii) the term “Lender” as used herein shall be deemed to mean a mortgagee of the Property with all of the rights conferred hereby the same as if the term “
CRAFTMADE INTERNATIONAL, INC., as Borrower LOAN AND SECURITY AGREEMENT Dated as of July 8, 2009 BANK OF AMERICA, N.A., as LenderLoan and Security Agreement • July 16th, 2009 • Craftmade International Inc • Wholesale-electrical appliances, tv & radio sets • Texas
Until June 30, 2009, margins shall be determined as if Level I were applicable. At all times after June 30, 2009, the margins shall be subject to increase or decrease upon receipt by Lender pursuant to Section 10.1.2 of the financial statements and corresponding Compliance Certificate for the last Fiscal Quarter, which change shall be effective on the first day of the calendar month following receipt. If, by the first day of a month, any financial statements and Compliance Certificate due in the preceding month have not been received, then, at the option of Lender, the margins shall be determined as if Level III were applicable, from such day until the first day of the calendar month following actual receipt.
TERM LOAN AGREEMENT AMONG CRAFTMADE INTERNATIONAL, INC., WOODARD—CM, LLC AND THE FROST NATIONAL BANK July 8, 2009Term Loan Agreement • July 16th, 2009 • Craftmade International Inc • Wholesale-electrical appliances, tv & radio sets • Texas
THIS TERM LOAN AGREEMENT is dated as of July 8, 2009 (this agreement, together with all amendments and restatements, this “Agreement”), among WOODARD—CM, LLC, a Delaware limited liability company (“Borrower”), CRAFTMADE INTERNATIONAL, INC., a Delaware corporation (“Parent”), and THE FROST NATIONAL BANK (“Lender”).
