CREDIT AGREEMENT Dated as of January 28, 2016 among VITAMIN COTTAGE NATURAL FOOD MARKETS, INC., as the Borrower, THE SUBSIDIARIES AND AFFILIATES OF THE BORROWER IDENTIFIED HEREIN, as the Guarantors, BANK OF AMERICA, N.A., as Administrative Agent and...Credit Agreement • January 28th, 2016 • Natural Grocers by Vitamin Cottage, Inc. • Retail-grocery stores • New York
Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.01(c); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon the request of the Required Lenders, Pricing Tier 3 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the first Business Day immediately following the date on which such Compliance Certificate is delivered in accordance with Section 6.01(c), whereupon the Applicable Rate shall be adjusted based upon the calculation of the Consolidated Leverage Ratio contained in such Compliance Certificate. The Applicable Rate in effect from the Closing Date through the first Business Day immediately following the date a
SECURITY AND PLEDGE AGREEMENTSecurity and Pledge Agreement • January 28th, 2016 • Natural Grocers by Vitamin Cottage, Inc. • Retail-grocery stores
THIS SECURITY AND PLEDGE AGREEMENT (this “Agreement”) is entered into as of January 28, 2016 among VITAMIN COTTAGE NATURAL FOOD MARKETS, INC., a Colorado corporation (the “Borrower”), Natural Grocers by Vitamin Cottage, Inc., a Delaware corporation (the “Parent”), VITAMIN COTTAGE TWO LTD. LIABILITY COMPANY, a Colorado limited liability company, and such other parties that may become Obligors hereunder after the date hereof (together with the Borrower and the Parent, individually an “Obligor”, and collectively the “Obligors”) and BANK OF AMERICA, N.A., in its capacity as administrative agent (in such capacity, the “Administrative Agent”) for the holders of the Secured Obligations (defined below).
