Loan Agreement dated June 7, 2004, by and among Laitram, L.L.C., Laitram Group, Inc., Intralox, L.L.C., Laitram Machinery, Inc., Lapeyre Stair, Inc., Laitram Machine Shop, L.L.C., Lapeyre Properties, L.L.C., Industrial Microwave Systems, L.L.C.,...Loan Agreement • July 2nd, 2004 • Lapeyre James M Jr • Measuring & controlling devices, nec • Louisiana
This Agreement is dated as of June 7, 2004, and is entered into by and among Laitram, L.L.C., (“Laitram”), Laitram Group, Inc. (“Group”), Intralox, L.L.C. (“Intralox”), Laitram Machinery, Inc. (“Machinery”), Lapeyre Stair, Inc. (“Stair”), Laitram Machine Shop, L.L.C. (“Shop”), Lapeyre Properties, L.L.C. (“Properties”), and Industrial Microwave Systems, L.L.C. (“Industrial”) (Group, Intralox, Machinery, Stair, Shop, Properties and Industrial are hereinafter referred to as “Guarantor”, which term means individually, collectively, and interchangeably any, each and/or all of them), Whitney National Bank (“Whitney”), in its capacity as a Lender (as herein defined) and as Agent (as herein defined), Hibernia National Bank (“Hibernia”) and Bank One, NA (“Bank One”). For convenience of reference, Whitney, Hibernia and Bank One may hereinafter sometimes collectively be referred to as the “Lenders” and individually referred to as a “Lender”; the term “Agent” shall mean Whitney National Bank in it
