revolving credit and security agreementRevolving Credit and Security Agreement • November 6th, 2020 • Adtran Inc • Telephone & telegraph apparatus • Alabama
This REVOLVING CREDIT AND SECURITY AGREEMENT (as may be amended, this “Agreement”) is executed and delivered this 4th day of November, 2020, by and between ADTRAN, INC., a Delaware corporation (“Borrower”), with its chief executive office and its principal place of business at 901 Explorer Boulevard, Huntsville, Alabama 35806, and CADENCE BANK, N.A. (“Bank”), with its principal place of business at 2100 Third Avenue North, Suite 1100, Birmingham, Alabama 35203. Borrower has applied to Bank for a revolving line of credit not to exceed an aggregate principal amount at any one time outstanding the sum of TEN MILLION AND NO/100 DOLLARS ($10,000,000.00) (as may be amended, the “Loan”) to be evidenced by a Promissory Note (as may be amended, the “Note”) in such amount and to be secured by a security interest in all of the Collateral (as defined herein) on the terms hereinafter set forth.
SECURITY AGREEMENTSecurity Agreement • November 6th, 2020 • Adtran Inc • Telephone & telegraph apparatus • Alabama
THIS SECURITY AGREEMENT is made and entered into as of this 4th day of November, 2020, by and between ADTRAN, INC., a Delaware corporation (“Pledgor”), whose address is 901 Explorer Boulevard, Huntsville, Alabama 35806, and CADENCE BANK, N.A. (“Secured Party”), with banking offices at 2100 Third Avenue North, Suite 1100, Birmingham, Alabama 35203.
ContractControl Agreement • November 6th, 2020 • Adtran Inc • Telephone & telegraph apparatus • Minnesota
THIS DOCUMENT IS A STANDARD AGREEMENT FOR USE WITH A U.S. BANK NATIONAL ASSOCIATION CUSTODY ACCOUNT (AND NOT, FOR EXAMPLE, WITH A U.S. BANK NATIONAL ASSOCIATION TRUST ACCOUNT), BUT NOT WHERE U.S. BANK NATIONAL ASSOCIATION IS THE SECURED PARTY.
