LOAN AND SECURITY AGREEMENT by and among LYDALL, INC. AFFINITY INDUSTRIES ASIA LLC CHARTER MEDICAL LTD. LYDALL FILTRATION/SEPARATION, INC. LYDALL INDUSTRIAL THERMAL SOLUTIONS, INC. LYDALL INDUSTRIAL THERMAL SALES/SERVICES, LLC LYDALL...Loan and Security Agreement • March 17th, 2009 • Lydall Inc /De/ • Motor vehicle parts & accessories • Massachusetts
This Loan and Security Agreement dated March 11, 2009 is entered into by and among Lydall, Inc., a Delaware corporation (“Parent”), Affinity Industries Asia LLC, a New Hampshire limited liability company (“Affinity”), Charter Medical Ltd., a Delaware corporation (“Charter”), Lydall Filtration/Separation, Inc., a Connecticut corporation (“Filtration”), Lydall Industrial Thermal Solutions, Inc., a Delaware corporation (“Thermal”), Lydall Industrial Thermal Sales/Service, LLC, a New Hampshire limited liability company (“Industrial Sales”), Lydall Thermal/Acoustical, Inc., a Delaware corporation (“Acoustical”), Lydall Thermal/Acoustical Sales LLC, a Delaware limited liability company (“TAS”, and together with Affinity, Charter, Filtration, Thermal, Industrial Sales, Acoustical and TAS, each individually a “Borrower” and collectively, “Borrowers” as hereinafter further defined), Lydall International, Inc., a Delaware corporation, (“International”), Trident II, Inc., a Connecticut corporatio
