Security Agreement (Commercial) Blanket Lien; Accounts and General Intangibles Inventory, Accounts and General Intangibles Furniture, Fixtures and EquipmentSecurity Agreement • June 14th, 2010 • Optical Cable Corp • Drawing & insulating of nonferrous wire • Virginia
This Security Agreement dated as of April 30, 2010, by Optical Cable Corporation, a Virginia corporation (the “Owner”) in favor of SunTrust Bank, its present and future affiliates and their successors and assigns (“SunTrust”) provides:
Agreement to Commercial NoteAgreement to Commercial Note • June 14th, 2010 • Optical Cable Corp • Drawing & insulating of nonferrous wire
This Agreement dated April 30, 2010, between Optical Cable Corporation (“Borrower”) and SunTrust Bank (“SunTrust”) constitutes the “Agreement” referenced under “Additional Terms and Conditions” in the Commercial Note dated April 30, 2010, in the Loan Amount equal to $6,000,000.00. The terms and conditions of this Agreement and the terms and conditions of the Note constitute the entire agreement between Borrower and SunTrust. All defined terms used herein that are not defined herein shall have the meanings ascribed to such terms in the above referenced Commercial Note.
SECOND LOAN MODIFICATION AGREEMENTLoan Modification Agreement • June 14th, 2010 • Optical Cable Corp • Drawing & insulating of nonferrous wire
THIS SECOND LOAN MODIFICATION AGREEMENT, is made as of the 30th day of April, 2010, by and between OPTICAL CABLE CORPORATION, a Virginia corporation (the “Borrower”), for itself and as successor by merger to Superior Modular Products Incorporated, formerly a Delaware corporation and VALLEY BANK, a Virginia banking corporation, its affiliates and their successors and assigns (the “Bank”).
