GuarantyGuaranty • June 3rd, 2010 • Eresearchtechnology Inc /De/ • Services-testing laboratories • Pennsylvania
Guaranty, dated as of May 27, 2010 (this “Guaranty”), by ERT TECH CORPORATION, a Delaware corporation (“ERT Tech”), ERT INVESTMENT CORPORATION, a Delaware corporation (“ERT Investment”), COVANCE CARDIAC SAFETY SERVICES INC., a Pennsylvania corporation (“Covance”), each of the other entities that becomes a party hereto pursuant to Section 24 ( Additional Guarantors) hereof (collectively, the “Guarantors” and individually a “Guarantor”) and, solely for purposes of Section 9 hereof, ERESEARCHTECHNOLOGY, INC., a Delaware corporation (the “Borrower”), in favor of CITIZENS BANK OF PENNSYLVANIA, as the Lender (as such term is defined in the Credit Agreement referred to below) (the “Lender”).
REVOLVER NOTERevolver Note • June 3rd, 2010 • Eresearchtechnology Inc /De/ • Services-testing laboratories
This Note is the Revolver Note referred to in, evidences indebtedness incurred under, and is entitled to the benefits of, the Credit Agreement, dated as of the date hereof (said Agreement, as it may be amended, supplemented or otherwise modified from time to time, being referred to as the “Credit Agreement”), between the Borrower and the Lender. The Credit Agreement, among other things, contains provisions for the acceleration of the maturity hereof upon the happening of certain events, for optional or mandatory prepayments of the principal hereof prior to the maturity thereof, for a higher rate of interest hereunder on amounts past due and, in certain circumstances, in the case of an Event of Default, and for the amendment or waiver of certain provisions of the Credit Agreement.
CREDIT AGREEMENT between ERESEARCHTECHNOLOGY, INC., as the Borrower, and CITIZENS BANK OF PENNSYLVANIA, as the Lender Dated as of May 27, 2010Credit Agreement • June 3rd, 2010 • Eresearchtechnology Inc /De/ • Services-testing laboratories • Pennsylvania
CREDIT AGREEMENT, dated as of May 27, 2010, between ERESEARCHTECHNOLOGY, INC., a Delaware corporation (the “Borrower”) and CITIZENS BANK OF PENNSYLVANIA (the “Lender”).
