CREDIT AGREEMENT Dated as of March 14, 2013 among SALEM COMMUNICATIONS CORPORATION, as the Borrower, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Swing Line Lender and L/C Issuer, and The Other Lenders Party Hereto ______________...Credit Agreement • March 14th, 2013 • Salem Communications Corp /De/ • Radio broadcasting stations • New York
This CREDIT AGREEMENT (“Agreement”) is entered into as of March 14, 2013, among SALEM COMMUNICATIONS CORPORATION, a Delaware corporation (the “Borrower”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Swing Line Lender and L/C Issuer.
FORM OF COMMITTED LOAN NOTICEAssignment and Assumption • March 14th, 2013 • Salem Communications Corp /De/ • Radio broadcasting stations
THIS TERM NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS OF THE CREDIT AGREEMENT. TRANSFERS OF THIS TERM NOTE MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF THE CREDIT AGREEMENT.
SECURITY AGREEMENT BySecurity Agreement • March 14th, 2013 • Salem Communications Corp /De/ • Radio broadcasting stations • New York
This SECURITY AGREEMENT dated as of March 14, 2013 (as amended, amended and restated, supplemented or otherwise modified or replaced from time to time in accordance with the provisions hereof, this “Agreement”) made by SALEM COMMUNICATIONS CORPORATION, a Delaware corporation (the “Borrower”), and the Guarantors from to time to time party hereto (the “Guarantors”; the Borrower, together with the Guarantors, together with any successors or assigns, collectively, the “Pledgors,” and each, a “Pledgor”), in favor of WELLS FARGO BANK, NATIONAL ASSOCIATION, in its capacity as administrative agent pursuant to the Credit Agreement (as hereinafter defined) (in such capacity and together with any successors or assigns in such capacity, the “Administrative Agent”).
