FIRST AMENDMENT AND DEFAULT WAIVER AGREEMENTFirst Amendment and Default Waiver Agreement • November 24th, 2006 • Lexington Precision Corp • Fabricated rubber products, nec • New York
This First Amendment and Default Waiver Agreement (the “Agreement”), made and effective November 20, 2006, by and among Lexington Precision Corporation (“LPC”) and Lexington Rubber Group (“LRG”) (collectively “Lexington”), as borrowers under that certain Credit and Security Agreement dated as of May 31, 2006 (the “Credit Agreement”), and CapitalSource Finance LLC (“CapitalSource”), as a lender, as Agent, and as Co-Documentation Agent, and Webster Business Credit Corporation (“Webster”) as a lender and as Co-Documentation Agent, and by and among Lexington as borrowers under that certain Loan and Security Agreement dated as of May 31, 2006 (the “Loan Agreement”) and CSE Mortgage LLC (“CSE”), as a lender and an Agent, and DMD Special Situations, LLC, as a lender (“DMD”). Capitalized terms in this Agreement shall have the meaning ascribed to them in the Credit Agreement and Loan Agreement unless otherwise defined in this Agreement. CapitalSource, Webster, CSE and DMD may be referred to her
