REVOLVER NOTERevolver Note • November 19th, 2007 • Adams Golf Inc • Sporting & athletic goods, nec • Texas
FOR VALUE RECEIVED, the undersigned (“Borrowers”) promise to pay to the order of WACHOVIA BANK, NATIONAL ASSOCIATION (“Bank”) at the place and times provided in the Agreement referred to below, the principal amount of all Revolver Loans made by Bank from time to time pursuant to that certain Loan and Security Agreement dated as of November [___], 2007 (as amended, restated or otherwise modified, the “Agreement”) by and between Borrowers and Bank. Capitalized terms used herein and not defined herein shall have the meanings assigned thereto in the Agreement.
LOAN AND SECURITY AGREEMENT among ADAMS GOLF, INC., ADAMS GOLF HOLDING CORP., ADAMS GOLF GP CORP., ADAMS GOLF, LTD., ADAMS GOLF IP, L.P., ADAMS GOLF MANAGEMENT CORP., and WGU, LLC (each a “Borrower” and collectively, “Borrowers”) and WACHOVIA BANK,...Loan and Security Agreement • November 19th, 2007 • Adams Golf Inc • Sporting & athletic goods, nec
THIS LOAN AND SECURITY AGREEMENT (the “Agreement”), dated as of November ___, 2007 between ADAMS GOLF, INC., a Delaware corporation (the “Company”), ADAMS GOLF HOLDING CORP., a Delaware corporation, ADAMS GOLF GP CORP., a Delaware corporation, ADAMS GOLF, LTD., a Texas limited partnership, ADAMS GOLF IP, L.P., a Delaware limited partnership, ADAMS GOLF MANAGEMENT CORP., a Delaware corporation and WGU, LLC, a Texas limited liability company (each a “Borrower” and together with the Company, “Borrowers”), and WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association (together with its successors and assigns, “Bank”);
