Dated as of June 6, 2013Pledge Agreement • June 11th, 2013 • Frequency Electronics Inc • Instruments for meas & testing of electricity & elec signals
Pledge. FREQUENCY ELECTRONICS, INC., whose address is 55 Charles Lindbergh Boulevard, Uniondale, New York 11553 (the “Borrower”), pledges, assigns, transfers and grants to JPMorgan Chase Bank, N.A., whose address is 395 North Service Rd., 3rd Floor, Melville, NY 11747 (together with its successors and assigns, the “Bank”) a continuing security interest in the property listed below under the heading “Schedule of Collateral” (the “Collateral”) owned by the Borrower, all Collateral in which the Borrower has rights or power to transfer rights and all Collateral in which the Borrower later acquires ownership, other rights or the power to transfer rights to secure the payment and performance of the Liabilities. If the Collateral consists of “investment property” or “financial assets,” as such terms are defined in the Uniform Commercial Code of New York, as in effect from time to time (the “UCC”), the grant includes any stock rights, stock dividends, liquidating dividends, new securities, fin
ContractControl Agreement • June 11th, 2013 • Frequency Electronics Inc • Instruments for meas & testing of electricity & elec signals
CONTROL AGREEMENT June 6, 2013 PLEDGOR: FREQUENCY ELECTRONICS, INC. (“Pledgor”) BANK: JPMorgan Chase Bank, N.A. (“Bank”) COMPANY: J.P. Morgan Securities LLC (including all successors and assigns, the “Company”)
ContractCredit Agreement • June 11th, 2013 • Frequency Electronics Inc • Instruments for meas & testing of electricity & elec signals • New York
This agreement dated as of June 6, 2013 is between JPMorgan Chase Bank, N.A. (together with its successors and assigns, the “Bank”), whose address is 395 North Service Rd., 3rd Floor, Melville, NY 11747, and FREQUENCY ELECTRONICS, INC. (individually, the “Borrower” and if more than one, collectively, the “Borrowers”), whose address is 55 Charles Lindbergh Boulevard, Uniondale, NY 11553.
Name of Debtor: FREQUENCY ELECTRONICS, INC. Debtor’s Address: 55 Charles Lindbergh Boulevard, Uniondale, NY 11553Credit Agreement • June 11th, 2013 • Frequency Electronics Inc • Instruments for meas & testing of electricity & elec signals • New York
Grant of Security Interest. FREQUENCY ELECTRONICS, INC. (whether one or more, the “Debtor”, individually and collectively if more than one) grants to JPMorgan Chase Bank, N.A., whose address is 395 North Service Rd., 3rd Floor, Melville, NY 11747 (together with its successors and assigns, the “Bank”) a continuing security interest in, pledges and assigns to the Bank all of the “Collateral” (as hereinafter defined) owned by the Debtor, all of the Collateral in which the Debtor has rights or power to transfer rights and all Collateral in which the Debtor later acquires ownership, other rights or rights or power to transfer rights to secure the payment and performance of the Liabilities.
Dated as of June 6, 2013Frequency Electronics Inc • June 11th, 2013 • Instruments for meas & testing of electricity & elec signals • New York
Guaranty. To induce JPMorgan Chase Bank, N.A., whose address is 395 North Service Rd., 3rd Floor, Melville, NY 11747 (together with its successors and assigns, the “Bank”), at its option, to make financial accommodations, make or acquire loans, extend or continue credit or some other benefit, including letters of credit and foreign exchange contracts, present or future, direct or indirect, and whether several, joint or joint and several, to FREQUENCY ELECTRONICS, INC. (whether one or more, the “Borrower”, individually and collectively, if more than one), and because the undersigned (the “Guarantors”) have determined that executing this Guaranty is in its interest and to its financial benefit, each Guarantor, jointly and severally, absolutely and unconditionally guarantees to the Bank the performance of and full and prompt payment of the Liabilities when due, whether at stated maturity, by acceleration or otherwise. Each Guarantor, jointly and severally, will not only pay the Liabilitie
