FIRST AMENDMENT TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT AND LIMITED FORBEARANCE AGREEMENTLoan and Security Agreement • January 16th, 2009 • Sport Chalet Inc • Retail-miscellaneous shopping goods stores • California
This FIRST AMENDMENT TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this “Amendment”) is dated as of December 28, 2008, and is entered into by and among SPORT CHALET, INC., a Delaware corporation (the “Borrower”), SPORT CHALET VALUE SERVICES, LLC, a Virginia limited liability company (“SCVS”, and together with the Borrower, the “Obligated Parties”, and each individually, an “Obligated Party”), the financial institutions that are now or that hereafter become a party to the Loan Agreement (as defined below) (collectively, the “Lenders”, and each individually a “Lender”) and BANK OF AMERICA, N.A., a national banking association, as agent for the Lenders (the “Agent”).
December 28, 2008Loan and Security Agreement • January 16th, 2009 • Sport Chalet Inc • Retail-miscellaneous shopping goods stores
Reference is made to that certain Loan and Security Agreement, dated as of June 20, 2008 (as amended, restated, or otherwise modified from time to time, the “Loan Agreement”), by and among the financial institutions party thereto from time to time (collectively, “Lenders”), Bank of America, N.A., as a Lender and as administrative agent for the Lenders (in its capacity as administrative agent, “Agent”), Sport Chalet, Inc., a Delaware corporation (“Borrower”), and each of Borrower’s Subsidiaries party thereto from time to time as Obligated Parties. Initially capitalized terms used but not defined herein have the respective meanings set forth in the Loan Agreement.
