FIRST AMENDMENT AND JOINDER TO REVOLVING CREDIT, TERM LOAN AND SECURITY AGREEMENTRevolving Credit, Term Loan and Security Agreement • March 15th, 2012 • Appliance Recycling Centers of America Inc /Mn • Retail-home furniture, furnishings & equipment stores • Illinois
This First Amendment and Joinder to Revolving Credit, Term Loan and Security Agreement (the “Amendment”) is made this 30th day of December, 2011 among APPLIANCE RECYCLING CENTERS OF AMERICA, INC., a Minnesota corporation (“ARCA”), APPLIANCE RECYCLING CENTERS OF AMERICA-CALIFORNIA, INC., a California corporation (“ARCA-CA”), ARCA CANADA INC., an Ontario, Canada corporation (“ARCA Canada”, together with ARCA and ARCA-CA collectively, the “Existing Borrowers” and each individually, an “Existing Borrower”), APPLIANCESMART, INC., a Minnesota corporation (“Joining Borrower”, together with Existing Borrowers and each Person joined as a borrower to the Credit Agreement (as defined below) from time to time, the “Borrowers”, and each a “Borrower”), certain financial institutions party to the Credit Agreement from time to time as lenders (the “Lenders”), and PNC BANK, NATIONAL ASSOCIATION, as agent and lender (“PNC”, in such capacity, “Agent”).
