AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT among MANHATTAN BRIDGE CAPITAL, INC. as Borrower and WEBSTER BUSINESS CREDIT CORPORATION, as a Lender and as Agent Closing Date: As August 8, 2017Credit and Security Agreement • October 19th, 2017 • Manhattan Bridge Capital, Inc • Real estate investment trusts • New York
PREAMBLE. This Amended and Restated Credit and Security Agreement (herein, together with all schedules and exhibits hereto, and as it may be amended or modified from time to time, called this “Agreement”), dated as of August 8, 2017 (the “Closing Date”), is made among (i) MANHATTAN BRIDGE CAPITAL, INC., a New York corporation (herein sometimes called “MBC” or “Borrower” and collectively with any Person who is or hereafter becomes a party to this Agreement as a borrower or a guarantor, each a “Loan Party” and collectively, the “Loan Parties”); (ii) the financial institutions who are now or hereafter become parties to this Agreement as lenders (collectively, the “Lenders” and each individually a “Lender”) and (iii) WEBSTER BUSINESS CREDIT CORPORATION, a New York corporation (“WBCC”), individually, as a Lender hereunder and as agent for itself and each other Lender Party (as hereinafter defined) (WBCC, acting in such agency capacity, the “Agent”).
REVOLVING CREDIT NOTERevolving Credit Note • October 19th, 2017 • Manhattan Bridge Capital, Inc • Real estate investment trusts
This Note is one of the “Revolving Credit Notes” issued to evidence the Revolving Advances being made available by Payee to Borrower pursuant to the provisions of the Amended and Restated Credit and Security Agreement, dated as of the date hereof (herein, as at any time amended, modified or supplemented, called the “Credit Agreement”; capitalized terms used herein and not defined herein having the meanings assigned to them in the Credit Agreement), among the Borrower, the other Loan Parties identified therein, the financial institutions identified therein (each a “Lender” and collectively, the “Lenders”) and Webster Business Credit Corporation (“WBCC”) as a Lender and agent for all other Lenders (WBCC, in such capacity, “Agent”) to which reference is hereby made for a statement of the terms, conditions and covenants under which the indebtedness evidenced hereby was made and is to be repaid, including, but not limited to, those related to voluntary or mandatory prepayment of the indebte
