SECURITY AGREEMENTSecurity Agreement • June 29th, 2006 • Roller Bearing Co of America Inc • Ball & roller bearings • New York
This SECURITY AGREEMENT (this “Agreement”) dated as of June 26, 2006, among ROLLER BEARING COMPANY OF AMERICA, INC., a Delaware corporation (the “Borrower”), RBC BEARINGS INCORPORATED, a Delaware corporation (“Holdings”), each of the Subsidiaries of Holdings identified under the caption “SUBSIDIARY GUARANTORS” on the signature pages hereto and each other such Subsidiary that may hereafter become a Subsidiary Guarantor party hereto pursuant to Section 6.11 (individually, a “Subsidiary Guarantor” and, collectively, the “Subsidiary Guarantors” and, together with the Borrower and Holdings, the “Obligors”) and KEYBANK NATIONAL ASSOCIATION (“KeyBank”), in its capacity as Administrative Agent for the benefit of the Secured Creditors (all capitalized terms used without being defined in this preamble and in the recitals below shall have the meanings provided for in Section 1).
