Credit AgreementCredit Agreement • April 15th, 2008 • Material Sciences Corp • Coating, engraving & allied services • Illinois
This agreement dated as of April 10, 2008 is between JPMorgan Chase Bank, N.A. (together with its successors and assigns, the “Bank”), whose address is 1201 S. Milwaukee Avenue, Libertyville, IL 60048, and MATERIAL SCIENCES CORPORATION (individually, the “Borrower” and if more than one, collectively, the “Borrowers”), whose address is 2200 E. Pratt Blvd., Elk Grove, IL 60007.
Continuing Security AgreementContinuing Security Agreement • April 15th, 2008 • Material Sciences Corp • Coating, engraving & allied services
Grant of Security Interest. MATERIAL SCIENCES CORPORATION (whether one or more, the “Borrower”, individually and collectively if more than one) grants to JPMorgan Chase Bank, N.A., whose address is 1201 S. Milwaukee Avenue, Libertyville, IL 60048 (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 Borrower, all of the 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 rights or power to transfer rights to secure the payment and performance of the Liabilities.
