LOAN AGREEMENT ($65,000,000 U.S. REVOLVING LOAN FACILITY, $5,000,000 CANADIAN REVOLVING LOAN FACILITY and $15,000,000 U.K. REVOLVING LOAN FACILITY) dated as of July 12, 2006 AMONG NATCO GROUP INC., as U.S. Borrower, NATCO CANADA, LTD., as Canadian...Loan Agreement • July 14th, 2006 • Natco Group Inc • Fabricated plate work (boiler shops) • Texas
THIS LOAN AGREEMENT is made and entered into as of July 12, 2006 (the “Effective Date”), by and among NATCO GROUP INC., a Delaware corporation (the “U.S. Borrower”); NATCO CANADA, LTD., a corporation formed under the laws of the Province of Ontario (the “Canadian Borrower”); AXSIA GROUP LIMITED, a company incorporated in England and Wales under the Companies Act of the United Kingdom (the “U.K. Borrower”); each of the lenders which is or may from time to time become a party hereto (individually, a “Lender” and, collectively, the “Lenders”, which terms shall include U.S. Lenders, Canadian Lenders and U.K. Lenders); WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”), as agent for the U.S. Lenders (in such capacity, together with its successors in such capacity, the “U.S. Agent”) and as Lead Arranger; HSBC BANK CANADA (“HSBC Canada”), as agent for the Canadian Lenders (in such capacity, together with its successors in such capacity, the “Canadian Agent”); HSBC BANK PLC (“HSBC U.K.”),
