LOAN AND SECURITY AGREEMENT Dated as of December 26, 2023 among SIENA LENDING GROUP LLC, as Lender, SALEM MEDIA GROUP, INC., SALEM COMMUNICATIONS HOLDING CORPORATION, AIR HOT, INC., SALEM MANAGEMENT SERVICES, INC., HISPANOS COMMUNICATIONS, LLC, SCA...Loan and Security Agreement • December 27th, 2023 • Salem Media Group, Inc. /De/ • Radio broadcasting stations • New York
This Loan and Security Agreement (as it may be amended, restated or otherwise modified from time to time, this “Agreement”) is entered into as of December 26, 2023 among (1) Siena Lending Group LLC, together with its successors and assigns (“Lender”), (2) Salem Media Group, Inc., a Delaware corporation (“Parent”), (3) the Subsidiaries of Parent identified on the signature pages hereof as “Borrowers”, and those additional entities that hereafter become parties to this Agreement from time to time as Borrowers in accordance with the terms hereof (together with Parent, each, a “Borrower” and individually and collectively, jointly and severally, the “Borrowers”) and (4) each of the Persons signatory to this Agreement from time to time as guarantors (each a “Guarantor” and collectively, the “Guarantors”). The Schedules and Exhibits to this Agreement are an integral part of this Agreement and are incorporated herein by reference. Terms used, but not defined elsewhere, in this Agreement are de
FIRST AMENDMENT TO INTERCREDITOR AGREEMENTIntercreditor Agreement • December 27th, 2023 • Salem Media Group, Inc. /De/ • Radio broadcasting stations • New York
THIS FIRST AMENDMENT TO INTERCREDITOR AGREEMENT (this “Amendment”) is entered into as of December 26, 2023, by and between SIENA LENDING GROUP LLC (“Siena”), in its capacity as lender under the Revolving Loan Documents (as defined in the Intercreditor Agreement), including its successors and assigns in such capacity from time to time (the “Revolving Lender”), and U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity but solely in its capacity as collateral agent under the Existing Indenture and Notes Collateral Documents (each as defined in the Intercreditor Agreement), including its successors and assigns in such capacity from time to time (the “Notes Collateral Agent”).
