COMMERCIAL SECURITY AGREEMENTCommercial Security Agreement • February 10th, 2012 • Surge Components Inc • Wholesale-electronic parts & equipment, nec • Ohio
THIS COMMERCIAL SECURITY AGREEMENT dated June 16, 2011, is made and executed between Challenge/ Surge Components Inc.(“Grantor") and JP Morgan Chase Bank. NA (“Lender”).
BUSINESS LOAN AGREEMENT (ASSET BASED)Business Loan Agreement • February 10th, 2012 • Surge Components Inc • Wholesale-electronic parts & equipment, nec • Ohio
THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated June 16, 2011, is made and executed between Surge Components Inc, (-Borrower”) and JPMorgan Chase Bank, NA (“Lender”) on the following terms and conditions, Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement ("Loan"). Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement, and (B)l all such Loans shall he and remain subject to the terms and conditions of this Agreement.
