FOURTEENTH AMENDMENT TO GENERAL CREDIT AND SECURITY AGREEMENTGeneral Credit and Security Agreement • August 17th, 2004 • Appliance Recycling Centers of America Inc /Mn • Retail-home furniture, furnishings & equipment stores • Minnesota
THIS AGREEMENT, dated and effective as of July 1, 2004, between SPECTRUM Commercial Services Company, a Minnesota Corporation, having its mailing address and principal place of business at Two Appletree Square, Suite 415, Bloomington, Minnesota 55425 (herein called “Lender” or “SCS”), and Appliance Recycling Centers of America, Inc., a Minnesota corporation, having the mailing address and principal place of business at 7400 Excelsior Boulevard, Minneapolis, MN 55426, (herein called “Borrower”), amends that certain General Credit and Security Agreement dated August 30, 1996, (“Credit Agreement”) as amended. Where the provisions of this Agreement conflict with the Credit Agreement, the intent of this Agreement shall control.
