SAN HOLDINGS, INC. FIRST AMENDMENT TO HARRIS LOAN AUTHORIZATION AGREEMENTSan Holdings Inc • October 2nd, 2003 • Computer storage devices • Illinois
Reference is hereby made to that certain Harris Loan Authorization Agreement dated as of May 16, 2003 (the Harris Loan Authorization Agreement, as the same may be amended from time to time, being referred to herein as the “Loan Agreement”), between the undersigned, San Holdings, Inc., a Colorado corporation (the “Borrower”), and Harris Trust and Savings Bank (the “Bank”). All capitalized terms used herein without definition shall have the same meanings herein as such terms have in the Loan Agreement.
HARRIS LOAN AUTHORIZATION AGREEMENTHarris Loan Authorization Agreement • October 2nd, 2003 • San Holdings Inc • Computer storage devices • Illinois
The Company referred to below has applied for, and Harris Trust and Savings Bank, Chicago, Illinois (“Bank”), has approved the establishment of, a loan authorization account (“Loan Account”) from which the Company may from time to time request loans up to the maximum amount of credit shown below (the “Maximum Credit”). Interest on such loans is computed at a variable rate which may change daily based upon changes in the Bank’s Prime Rate. The Company may make principal payments at any time and in any amount. The request by the Company for, and the making by the Bank of, any loan against the Loan Account shall constitute an agreement between the Company and the Bank as follows:
HARRIS LOAN AUTHORIZATION AGREEMENTHarris Loan Authorization Agreement • October 2nd, 2003 • San Holdings Inc • Computer storage devices • Illinois
The Company referred to below has applied for, and Harris Trust and Savings Bank, Chicago, Illinois (“Bank”), has approved the establishment of, a loan authorization account (“Loan Account”) from which the Company may from time to time request loans up to the maximum amount of credit shown below (the “Maximum Credit”). Interest on such loans is computed at a variable rate which may change daily based upon changes in the Bank’s Prime Rate. The Company may make principal payments at any time and in any amount. The request by the Company for, and the making by the Bank of, any loan against the Loan Account shall constitute an agreement between the Company and the Bank as follows:
