Progress Payment Loan and Security Agreement Sample Contracts

Progress Payment Loan and Security Agreement Principal Amount: $2,500,000.00 Interest Rate: Prime + 0.00%

Progress Payment Loan and Security Agreement • April 30th, 2020 • Repro Med Systems Inc • Surgical & medical instruments & apparatus • New York

• Contract Type
  Progress Payment Loan and Security Agreement
• Filed
  April 30th, 2020
• Company
  Repro Med Systems Inc
• Industry
  Surgical & medical instruments & apparatus
• Jurisdiction
  New York

THIS PROGRESS PAYMENT LOAN AND SECURITY AGREEMENT dated as of April 20, 2020 (“Agreement”) is made by and between KEY EQUIPMENT FINANCE, A DIVISION OF KEYBANK NATIONAL ASSOCIATION, (“KEF”), and REPRO MED SYSTEMS, INC., a New York Corporation, with a principal address at 24 CARPENTER RD, CHESTER, NY 10918-1057 (“Borrower”).