REVOLVING CREDIT AGREEMENT dated as of February 20, 1996 among HECHINGER STORES COMPANY, and HECHINGER STORES EAST COAST COMPANY AS BORROWERS, THE FINANCIAL INSTITUTIONS PARTY HERETO, AS LENDERS, and THE CIT GROUP/BUSINESS CREDIT, INC., AS AGENTRevolving Credit Agreement • February 28th, 1996 • Hechinger Co • Retail-lumber & other building materials dealers • New York
EXHIBIT B SECURITY AGREEMENT SECURITY AGREEMENT, dated as of February 20, 1996, made by [HECHINGER STORES COMPANY] [HECHINGER STORES EAST COAST COMPANY], a Delaware corporation (the "Grantor"), in favor of THE CIT GROUP/BUSINESS CREDIT, INC., as agent...Security Agreement • February 28th, 1996 • Hechinger Co • Retail-lumber & other building materials dealers • New York
200,000,000 New York, New York February 20, 1996 FOR VALUE RECEIVED, each of HECHINGER STORES COMPANY, a Delaware corporation and HECHINGER STORES EAST COAST COMPANY, a Delaware corporation (collectively, the Borrowers ), HEREBY JOINTLY AND SEVERALLY...Hechinger Co • February 28th, 1996 • Retail-lumber & other building materials dealers
This Note is one of the "Notes" referred to in, and is entitled to the benefits of, the Revolving Credit Agreement, dated as of February 20, 1996 (as the same may be amended, restated, modified or supplemented from time to time, the "Credit Agreement"), among the Borrowers, the Lenders party thereto and The CIT Group/Business Credit, Inc., as agent for the Lenders (the "Agent"), which among other things, provides for the acceleration of the maturity hereof upon the occurrence of certain events and for prepayments in certain circumstances, all upon certain terms and conditions specified therein. Notwithstanding any other provision of this Note, interest paid or becoming due hereunder shall in no event exceed the maximum rate permitted by applicable law. Terms defined in the Credit Agreement have the same meanings herein.
