6,500,000.00 May 30, 2008 Roanoke, Virginia Note #156779Term Loan Note • January 29th, 2009 • Optical Cable Corp • Drawing & insulating of nonferrous wire
This Note is referred to as the Term Loan B Note in the Credit Agreement. The Credit Agreement contains, among other things, provisions for acceleration of the maturity of this Note upon the happening of certain stated events and for prepayments on account of the principal of this Note prior to maturity of this Note upon the terms and conditions specified in the Credit Agreement.
CORRECTED DEED OF TRUST, SECURITY AGREEMENT AND FIXTURE FILING (COLLATERAL INCLUDES FIXTURES)Deed of Trust, Security Agreement and Fixture Filing • January 29th, 2009 • Optical Cable Corp • Drawing & insulating of nonferrous wire
THIS DEED OF TRUST, SECURITY AGREEMENT AND FIXTURE FILING (this “Deed of Trust”), made this 30th day of May, 2008, by and among SUPERIOR MODULAR PRODUCTS INCORPORATED, a Delaware corporation (hereinafter referred to as the “Grantor”); LECLAIRRYAN, a Virginia professional corporation, whose business address is 10 South Jefferson, Suite 1800, Roanoke, Virginia 24011 (hereinafter referred to as the “Trustee”); and VALLEY BANK, a Virginia banking corporation (hereinafter referred to as the “Beneficiary”).
SECURITY AGREEMENTSecurity Agreement • January 29th, 2009 • Optical Cable Corp • Drawing & insulating of nonferrous wire • Virginia
This Security Agreement (as amended, supplemented, amended and restated or otherwise modified from time to time, this “Agreement”), dated as of May 30, 2008 is made by OPTICAL CABLE CORPORATION, a Virginia Corporation (“OCC”) SUPERIOR MODULAR PRODUCTS INCORPORATED, a Delaware corporation (“SMP” and together with OCC, each individually with respect to itself, jointly and severally, and collectively, the “Debtor”) in favor of VALLEY BANK, a Virginia banking corporation, its affiliates and their successors and assigns (the “Secured Party”).
REVOLVING LOAN NOTERevolving Loan Note • January 29th, 2009 • Optical Cable Corp • Drawing & insulating of nonferrous wire
This Note is referred to as the Revolving Loan Note in the Credit Agreement. The Credit Agreement contains, among other things, provisions for acceleration of the maturity of this Note upon the happening of certain stated events and for prepayments on account of the principal of this Note prior to maturity of this Note upon the terms and conditions specified in the Credit Agreement.
2,240,000.00 May 30, 2008 Roanoke, Virginia Note #164267Term Loan Agreement • January 29th, 2009 • Optical Cable Corp • Drawing & insulating of nonferrous wire
This Note is referred to as the Term Loan A Note in the Credit Agreement. The Credit Agreement contains, among other things, provisions for acceleration of the maturity of this Note upon the happening of certain stated events and for prepayments on account of the principal of this Note prior to maturity of this Note upon the terms and conditions specified in the Credit Agreement.
CREDIT AGREEMENT between OPTICAL CABLE CORPORATION and SUPERIOR MODULAR PRODUCTS INCORPORATED, as Borrower and VALLEY BANK, as BankCredit Agreement • January 29th, 2009 • Optical Cable Corp • Drawing & insulating of nonferrous wire • Virginia
THIS CREDIT AGREEMENT dated as of May 30, 2008, by and between OPTICAL CABLE CORPORATION, a Virginia corporation (“OCC”), SUPERIOR MODULAR PRODUCTS INCORPORATED, a Delaware corporation (“SMP”, and together with OCC, each individually with respect to itself, jointly and severally, and collectively, the “Borrower”), and VALLEY BANK, a Virginia banking corporation, its affiliates and their successors and assigns (the “Bank”), provides:
