AMENDED AND RESTATED LOAN AGREEMENT by and between OMEGA FLEX, INC. and SANTANDER BANK, N.A. JULY 3, 2023 AMENDED AND RESTATED LOAN AGREEMENTLoan Agreement • July 5th, 2023 • Omega Flex, Inc. • Heating equip, except elec & warm air; & plumbing fixtures • Pennsylvania
Any increase or decrease in the Applicable Margin resulting from a change in the Funded Debt to EBITDA Ratio shall become effective as of the first Business Day immediately following the date a Covenant Compliance Certificate is delivered pursuant to this Agreement; provided, however, that if a Covenant Compliance Certificate is not delivered when due in accordance with this Agreement, then, Pricing Level 1 shall apply, in each case as of the first Business Day after the date on which such Covenant Compliance Certificate was required to have been delivered and in each case shall remain in effect until the first Business Day following the date on which such Covenant Compliance Certificate is delivered.
SECOND AMENDED AND RESTATED COMMITTED REVOLVING LINE OF CREDIT NOTEOmega Flex, Inc. • July 5th, 2023 • Heating equip, except elec & warm air; & plumbing fixtures • Pennsylvania
