Exhibit 10.17 BUSINESS LOAN AGREEMENT Borrower: MACKIE DESIGNS INC. 16220 Woodinville Redmond Road Woodinville, WA 98072 Lender: U.S. BANK NATIONAL ASSOCIATION EKC Corporate Bkg. 10800 NE 8th Street, Suite 1000 Bellevue, WA 98004 THIS BUSINESS LOAN...Business Loan Agreement • March 31st, 1998 • Mackie Designs Inc • Radio & tv broadcasting & communications equipment • Washington
THIS BUSINESS LOAN AGREEMENT between MACKIE DESIGNS INC. ("Borrower") and U.S. BANK NATIONAL ASSOCIATION ("Lender") is made and executed 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 and other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. All such loans and financial accommodations, together with all future loans and financial accommodations from Lender to Borrower, are referred to in this Agreement individually as the "Loan" and collectively as the "Loans." 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; (b) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (c) all such Loans
