LOAN AND SECURITY AGREEMENT by and among THE PRIVATEBANK AND TRUST COMPANY, as Administrative Agent, THE FINANCIAL INSTITUTIONS FROM TIME TO TIME A PARTY HERETO, as Lenders and COBRA ELECTRONICS CORPORATION, as Borrower Dated as of February 15, 2008Loan and Security Agreement • February 22nd, 2008 • Cobra Electronics Corp • Radio & tv broadcasting & communications equipment • Illinois
THIS LOAN AND SECURITY AGREEMENT (as amended, modified or supplemented from time to time, this “Agreement”) made as of this 15th day of February, 2008 by and among THE PRIVATEBANK AND TRUST COMPANY, an Illinois state chartered bank (in its individual capacity “PrivateBank”), as a Lender and as administrative agent (“Administrative Agent”) for itself and all other lenders from time to time a party hereto (“Lenders”), 70 West Madison Street, Suite 200, Chicago, Illinois 60602, RBS CITIZENS, N.A., as Lender and COBRA ELECTRONICS CORPORATION, a Delaware corporation, having its principal place of business at 6500 West Cortland Street, Chicago, Illinois 60707 (“Borrower”).
