CREDIT AND SECURITY AGREEMENT between MANHATTAN BRIDGE CAPITAL, INC. as Borrower and WEBSTER BUSINESS CREDIT CORPORATION, as Lender Signing Date: As of February 27, 2015Credit and Security Agreement • March 3rd, 2015 • Manhattan Bridge Capital, Inc • Real estate investment trusts • New York
PREAMBLE. This Credit and Security Agreement (herein, together with all schedules and exhibits hereto, and as it may be amended or modified from time to time, called this “Agreement”), dated as of February [__], 2015 (the “Signing Date”), is made among (i) MANHATTAN BRIDGE CAPITAL, INC., a New York corporation (herein sometimes called “MBC” or “Borrower”), (ii) the Subsidiary Guarantors signatory hereto (collectively with Borrower, each a “Loan Party” and collectively, the “Loan Parties”); and (iii) WEBSTER BUSINESS CREDIT CORPORATION, a New York corporation (“WBCC”), individually, as lender hereunder and as agent for itself and each other Lender Party (as hereinafter defined) (WBCC, acting in both such capacities, herein called “Lender”).
