MODIFICATION AND CROSS-COLLATERALIZATION AGREEMENTModification and Cross-Collateralization Agreement • May 10th, 2010 • Industrial Services of America Inc /Fl • Services-management consulting services • Indiana
THIS MODIFICATION AND CROSS-COLLATERALIZATION AGREEMENT (the “Agreement”) made and entered into this 13th day of April, 2010, by and among INDUSTRIAL SERVICES OF AMERICA, INC., a Florida corporation with offices at 7100 Grade Lane, Louisville, Kentucky 40213 (“Borrower”), ISA REAL ESTATE, LLC, a Kentucky limited liability company with offices at 7100 Grade Lane, Louisville, Kentucky 40213 (“ISA Real Estate”), ISA INDIANA REAL ESTATE, LLC, a Kentucky limited liability company with offices at 7100 Grade Lane, Louisville, Kentucky 40213 (“Indiana Real Estate”), 7021 GRADE LANE LLC, a Kentucky limited liability company with offices at 7100 Grade Lane, Louisville, Kentucky (“Grade Lane”); (hereinafter Borrower, ISA Real Estate, Indiana Real Estate and Grade Lane shall sometimes be collectively referred to as “Mortgagors”), and BRANCH BANKING AND TRUST COMPANY, a North Carolina banking corporation with offices at 401 West Main Street, Louisville, Jefferson County, Kentucky 40202 (“Bank”);
