FORBEARANCE AND CONSENT AGREEMENTForbearance and Consent Agreement • March 7th, 2007 • Loud Technologies Inc • Radio & tv broadcasting & communications equipment
FORBEARANCE AND CONSENT AGREEMENT, dated as of March 5, 2007 is entered into by and among LOUD TECHNOLOGIES INC., a Washington corporation (“LOUD”), ST. LOUIS MUSIC, INC., a Missouri corporation (“SLM”; and, together with LOUD, each a “Borrower” and collectively the “Borrowers”), MERRILL LYNCH CAPITAL, A DIVISION OF MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC., for itself as a Lender and as Administrative Agent (“Administrative Agent”) for the financial institutions from time to time party to the Credit Agreement (as defined below) as lenders (“Lenders”), and the other Lenders signatory hereto.
