FORBEARANCE AGREEMENTForbearance Agreement • February 17th, 2004 • Environmental Elements Corp • Industrial & commercial fans & blowers & air purifing equip • Maryland
THIS FORBEARANCE AGREEMENT (“AGREEMENT”) is made to be effective as of the 31st day of December, 2003, by and between MERCANTILE-SAFE DEPOSIT AND TRUST COMPANY (“LENDER”); and ENVIRONMENTAL ELEMENTS CORPORATION, a Delaware corporation (“BORROWER”). Hereafter, the LENDER and the BORROWER are collectively referred to as the “PARTIES.”
