as the Borrower,
as Agent, Swing Line Lender
and
L/C Issuer,
as
Sole Lead Arranger and Sole Book Manager
SECTION | PAGE | |||
ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS | 5 | |||
1.01 Defined Terms | 5 | |||
1.02 Other Interpretive Provisions | 26 | |||
1.03 Accounting Terms | 26 | |||
1.04 Rounding | 27 | |||
1.05 Times of Day | 27 | |||
1.06 Letter of Credit Amounts | 27 | |||
ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS | 27 | |||
2.01 Revolving Loans | 27 | |||
2.02 Borrowings, Conversions and Continuations of Loans | 28 | |||
2.03 Letters of Credit | 29 | |||
2.04 Swing Line Loans | 37 | |||
2.05 Prepayments | 40 | |||
2.06 Termination or Reduction of Commitments | 41 | |||
2.07 Repayment of Loans | 41 | |||
2.08 Interest | 41 | |||
2.09 Fees | 42 | |||
2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate | 43 | |||
2.11 Evidence of Debt | 43 | |||
2.12 Payments Generally; Agent’s Clawback | 44 | |||
2.13 Sharing of Payments by Lenders | 46 | |||
2.14 Cash Collateral | 46 | |||
2.15 Defaulting Lenders | 47 | |||
ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY | 49 | |||
3.01 Taxes | 49 | |||
3.02 Illegality | 52 | |||
3.03 Inability to Determine Rates | 52 | |||
3.04 Increased Costs | 52 | |||
3.05 Compensation for Losses | 54 | |||
3.06 Mitigation Obligations; Replacement of Lenders | 54 | |||
3.07 Survival | 54 | |||
ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS | 55 | |||
4.01 Conditions of Initial Credit Extension | 55 | |||
4.02 Conditions to all Credit Extensions | 56 | |||
ARTICLE V. REPRESENTATIONS AND WARRANTIES | 57 | |||
5.01 Existence, Qualification and Power | 57 | |||
5.02 Authorization; No Contravention | 57 |
i
SECTION | PAGE | |||
5.03 Governmental Authorization; Other Consents | 57 | |||
5.04 Binding Effect | 57 | |||
5.05 Financial Statements; No Material Adverse Effect | 58 | |||
5.06 Litigation | 58 | |||
5.07 No Default | 58 | |||
5.08 Ownership of Property; Liens | 59 | |||
5.09 Environmental Compliance | 59 | |||
5.10 Insurance | 59 | |||
5.11 Taxes | 59 | |||
5.12 ERISA Compliance | 59 | |||
5.13 Subsidiaries; Equity Interests | 60 | |||
5.14 Margin Regulations; Investment Company Act | 60 | |||
5.15 Disclosure | 60 | |||
5.16 Compliance with Laws | 61 | |||
5.17 Taxpayer Identification Number | 61 | |||
5.18 Intellectual Property; Licenses, Etc. | 61 | |||
5.19 Rights in Collateral; Priority of Liens | 61 | |||
ARTICLE VI. AFFIRMATIVE COVENANTS | 61 | |||
6.01 Financial Statements | 61 | |||
6.02 Certificates; Other Information | 62 | |||
6.03 Notices | 64 | |||
6.04 Payment of Obligations | 65 | |||
6.05 Preservation of Existence, Etc. | 65 | |||
6.06 Maintenance of Properties | 65 | |||
6.07 Maintenance of Insurance | 65 | |||
6.08 Compliance with Laws | 65 | |||
6.09 Books and Records | 65 | |||
6.10 Inspection Rights | 66 | |||
6.11 Use of Proceeds | 66 | |||
6.12 Additional Guarantors | 66 | |||
6.13 Collateral Records | 66 | |||
6.14 Security Interests | 66 | |||
6.15 Post-Closing Modification of Indiana Mortgage | 67 | |||
ARTICLE VII.NEGATIVE COVENANTS | 67 | |||
7.01 Liens | 67 | |||
7.02 Investments | 68 | |||
7.03 Indebtedness | 69 | |||
7.04 Fundamental Changes | 69 | |||
7.05 Dispositions | 70 | |||
7.06 Restricted Payments | 70 | |||
7.07 Change in Nature of Business | 71 | |||
7.08 Transactions With Affiliates | 71 | |||
7.09 Burdensome Agreements | 71 | |||
7.10 Use of Proceeds | 71 |
ii
SECTION | PAGE | |||
7.11 Financial Covenants | 71 | |||
ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES | 71 | |||
8.01 Events of Default | 71 | |||
8.02 Remedies Upon Event of Default | 74 | |||
8.03 Application of Funds | 74 | |||
ARTICLE IX. ADMINISTRATIVE AGENT | 75 | |||
9.01 Appointment and Authorization of Administrative Agent | 75 | |||
9.02 Rights as a Lender | 75 | |||
9.03 Exculpatory Provisions | 76 | |||
9.04 Reliance by Administrative Agent | 76 | |||
9.05 Delegation of Duties | 77 | |||
9.06 Resignation of Agent | 77 | |||
9.07 Non-Reliance on Agent and Other Lenders | 78 | |||
9.08 No Other Duties, Etc. | 78 | |||
9.09 Administrative Agent May File Proofs of Claim | 78 | |||
9.10 Collateral and Guaranty Matters | 79 | |||
ARTICLE X. MISCELLANEOUS | 79 | |||
10.01 Amendments, Etc. | 79 | |||
10.02 Notices; Effectiveness; Electronic Communication | 80 | |||
10.03 No Waiver; Cumulative Remedies | 82 | |||
10.04 Expenses; Indemnity; Damage Waiver | 83 | |||
10.05 Payments Set Aside | 85 | |||
10.06 Successors and Assigns | 85 | |||
10.07 Treatment of Certain Information; Confidentiality | 89 | |||
10.08 Right of Setoff | 90 | |||
10.09 Interest Rate Limitation | 90 | |||
10.10 Counterparts; Integration; Effectiveness | 91 | |||
10.11 Survival of Representations and Warranties | 91 | |||
10.12 Severability | 91 | |||
10.13 Replacement of Lenders | 91 | |||
10.14 Governing Law; Jurisdiction; Etc. | 92 | |||
10.15 Waiver of Jury Trial | 93 | |||
10.16 No Advisory or Fiduciary Responsibility | 93 | |||
10.17 Electronic Execution of Assignments and Certain Other Documents | 94 | |||
10.18 USA PATRIOT Act Notice | 94 | |||
10.19 Time of the Essence | 94 | |||
10.20 Amendment and Restatement; Reaffirmation of Loan Documents | 94 | |||
10.21 Oral Agreements Not Enforceable | 94 | |||
10.22 Reservation of Rights | 95 | |||
10.23 Waiver of Assignment Fee | 95 |
iii
SCHEDULES | |||||
2.01 | Commitments and Applicable Percentages | ||||
2.03(a) | Existing Letters of Credit | ||||
5.06 | Litigation | ||||
5.13 | Subsidiaries and Other Equity Investments | ||||
7.01 | Existing Liens | ||||
7.03(b) | Existing Indebtedness | ||||
7.11 | Financial Covenants | ||||
10.02 | Agent’s Office, Certain Addresses for Notices |
Form of | ||||||
A | Revolving Loan Notice | |||||
B | Swing Line Loan Notice | |||||
C | Note | |||||
D | Compliance Certificate | |||||
E | Guaranty Agreement | |||||
F | Guarantor | Pledge | Agreement | |||
G | Guarantor | Security | Agreement | |||
H-1 | Assignment | and | Assumption | |||
H-2 | Administrative | Questionnaire |
iv
5
6
Consolidated | ||||||||||||||||||
Pricing Level | Senior Leverage Ratio | Commitment Fee | Eurodollar Rate + | Base Rate + | Letters of Credit | |||||||||||||
1 | ≥ 2.50 | .30 | % | 2.25 | % | .25 | % | 2.25 | % | |||||||||
2 | ≥ 2.00 but < 2.50 | .30 | % | 2.00 | % | 0 | % | 2.00 | % | |||||||||
3 | ≥ 1.50 but < 2.00 | .25 | % | 1.75 | % | 0 | % | 1.75 | % | |||||||||
4 | ≥ 1.00 but < 1.50 | .25 | % | 1.50 | % | 0 | % | 1.50 | % | |||||||||
5 | < 1.00 | .20 | % | 1.25 | % | 0 | % | 1.25 | % |
7
8
9
10
11
12
13
Eurodollar Rate = | Eurodollar Base Rate |
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FLOW INTERNATIONAL CORPORATION | ||||
By: | /s/ Allen M. Hsien | |||
Name: | Allen M. Hsien | |||
Title: | ||||
BANK OF AMERICA, N.A., as Agent | ||||
By: | /s/ Sarah Hill | |||
Name: | Sarah Hill | |||
Title: | ||||
BANK OF AMERICA, N.A., as a Lender, L/C Issuer and Swing Line Lender | ||||
By: | /s/ Sarah Hill | |||
Name: | Sarah Hill | |||
Title: |
96
AND APPLICABLE PERCENTAGES
Lender | Commitment | Applicable Percentage | ||
Bank of America, N.A. | $25,000,000.00 | 100% |
97
Letter of Credit No. | Beneficiary | Amount | Expiration Date | |||||||||
3115731 | Bank of America (Beijing)/ Harbin | $ | 983,896.00 | 04/18/2011 | ||||||||
3115804 | Bank of America (New Dehli)/ Punj Lloyd | 38,006.40 | 05/30/2012 |
98
1. | Crucible Incident (June 29, 2002) |
99
Jurisdiction | ||||||
of | Percentage | |||||
Name of Owner | Name of Subsidiary | Formation | Ownership | |||
Domestic Subsidiaries | ||||||
Flow International Corporation | Caitra Technologies, Inc. (Inactive) | Washington | 100% | |||
Foreign Subsidiaries | ||||||
Flow International Corporation | Flow China (Flow Ultra High Pressure Waterjet Technology (Shanghai) Co., Ltd.) | People’s Republic of China | 100% | |||
Flow International Corporation | Flow Waterjet Hong Kong Limited | Hong Kong | 100% | |||
Flow International Corporation | Flow Korea Corporation (in liquidation) | Korea | 100% | |||
Flow International Corporation | Flow Asia Corporation | Republic of China, Taiwan | 100% | |||
Flow International Corporation | Flow Asia International Ltd. | Republic of Mauritius | 1% | |||
Flow Asia Corporation | Flow Asia International Ltd. | Republic of Mauritius | 99% | |||
Flow International Corporation | Flow Japan Corporation | Japan | 100% | |||
Flow International Corporation | Flow Europe GmbH | Germany | 100% | |||
Flow Europe GmbH | Flow Italia, S.r.l. | Italia | 100% | |||
Flow Europe GmbH | Flow France Sarl | France | 100% |
A-100
Name of Owner | Name of Subsidiary | Jurisdiction of Formation | Percentage Ownership | |||
Flow Europe GmbH | Flow U.K. Ltd. | United Kingdom | 100% | |||
Flow Europe GmbH | Flow Iberica Corte Con Aqua Alta Presion, S.L. | Spain | 100% | |||
Flow Europe GmbH | Flow Eastern Europe, s.r.o. | Czech Republic | 100% | |||
Flow International Corporation | Flow Latino Americana Industria e Comercio Ltda., dba Flow South America | Brazil | 100% | |||
Flow International Corporation | Flow Holding Limited | United Kingdom | 100% | |||
Flow Holding Limited | Flow Automation Systems ULC | BC, Canada | 100% | |||
Flow International Corporation | Flow Bangalore Waterjet Private Limited | India | 1% | |||
Flow Holding Limited | Flow Bangalore Waterjet Private Limited | India | 99% | |||
Flow International Corporation | Flow Holdings Sagl (Inactive) | Switzerland | 100% |
Flow International Corporation | Dardi International Corporation | China | 4.6% |
A-101
SECURED PARTY | FILE NUMBER AND DATE FILED | COLLATERAL DESCRIPTION | ||||||
Bank of America, N.A. (by assignment from U.S. Bank of Washington, N.A. on 09-02-1998)) | 891840371 07-03-1989 | Accounts, chattel paper, documents, instruments, general intangibles, leases, leasehold interests, inventory (including raw materials and stock in trade), equipment, machinery office equipment, fixtures, patents, trademarks, tradenames and service marks, now existing or hereafter arising, and all proceeds. | ||||||
Jules & Associates, Inc. | 20011030227 | Leased equipment specifically identified on an Exhibit. | ||||||
04-13-2001 | ||||||||
Minolta Business Solutions | 200200459558 | Leased equipment specifically identified on an Exhibit. | ||||||
12-12-2001 | ||||||||
Bank of America, N.A. | 200519554111 | All Assets. | ||||||
07-11-2005 | ||||||||
Banc of America Leasing & | 200806631136 | Leased equipment specifically identified on an Exhibit. | ||||||
Capital, LLC (by | 03-05-2008 | |||||||
assignment from Fidelity National Capital, Inc. on 03-14-2008) | ||||||||
Fidelity National | 200823210338 | Specifically identified equipment. | ||||||
Capital, Inc. | 08-19-2008 | |||||||
Fidelity National | 200833059170 | Specifically identified equipment. | ||||||
Capital, Inc./Bank of | 11-25-2008 | |||||||
America Leasing & Capital, LLC | ||||||||
Banc of America Leasing & | 200907010007 | Leased equipment referenced. | ||||||
Capital, LLC (by | 03-10-2009 | |||||||
assignment from Fidelity National Capital, Inc. on 05/02/2009) | ||||||||
Banc of America Leasing & | 200924539314 | Leased equipment referenced. | ||||||
Capital, LLC (by | 09-01-2009 | |||||||
assignment from Fidelity National Capital, Inc. on 09/09/2009) | ||||||||
A-102
SECURED PARTY | FILE NUMBER AND DATE FILED | COLLATERAL DESCRIPTION | ||||||
NC Power Systems | 201002886443 | Specifically identified equipment. | ||||||
01/28/2010 | ||||||||
Kuka Robotics Corporation | 201025964968 | Specifically identified equipment. | ||||||
09/16/2010 | ||||||||
Kuka Robotics Corporation | 201026986181 | Specifically identified equipment. | ||||||
09/26/2010 | ||||||||
The Archive Group, Inc. and Columbia State Bank | 201027088761 09/27/2010 | Specific leased Konica equipment identified in the collateral description by serial number. | ||||||
Kuka Robotics Corporation | 201030062512 | Specifically identified equipment. | ||||||
10/27/2010 | ||||||||
Kuka Robotics Corporation | 201030783370 | Specifically identified equipment. | ||||||
11/03/2010 | ||||||||
Kuka Robotics Corporation | 201101355710 | Specifically identified equipment. | ||||||
01/13/2011 |
A-103
Amount | ||||||
as of January 31, | ||||||
2011 | ||||||
Name of Debtor | Name of Creditor | (in 000s) | ||||
Flow International Corporation | Office Ware | $ | 17,156 | |||
Flow Japan Corporation | Honda and Toyota Financial Services | $ | 9,623 | |||
Flow Latino Americana Industria e Comercio Ltda. | Aymore Financiamentos | $ | 44,811 |
A-104
A-105
CERTAIN ADDRESSES FOR NOTICES
23500 64th Avenue South
Kent, Washington 98032
Attention: Chief Financial Officer
Telephone: (253) 850-3500
Telecopier: (253) 813-3311
Electronic Mail: AHsieh@flowcorp.com
Copy to: General Counsel; jleness@flowcorp.com
Website Address: www.flowcorp.com
U.S. Taxpayer Identification Number: 91-1104842
2001 Clayton Road, 2nd Floor
Concord, CA 94520
Mail Code: CA4-702-02-25
Attention: Noelia Adina
Telephone: 925-675-8027
Facsimile: 888-211-4649
Electronic Mail: noelia.adina@bankofamerica.com
Account No.: 3750836479
Reference: Flow International Corporation
ABA# 026009593
New York, NY
ABA No. 026009593
Account No: 3750836479
Account Name: Corporate FTA
Attn: Noelia Adina
Reference: Flow International Corporation
A-106
800 Fifth Avenue, Floor 17
Seattle, WA 98104
Mail Code: WA1-501-17-32
Attention: Ken Puro
Telelephone: 206-358-0138
Facsimile: 415-343-0559
Electronic Mail: Ken.Puro@Bankofamerica.com
Trade Operations — Los Angeles #226521
1000 West Temple Street, Suite Level 7
Mail Code: CA9-705-07-05
Los Angeles, CA 90017-1466
Attention: Tai Lu
Telephone: 213-481-7840
Facsimile: 213-580-8442
2001 Clayton Road, 2nd Floor
Concord, CA 94520
Mail Code: CA4-702-02-25
Attention: Noelia Adina
Telephone: 925-675-8027
Facsimile: 888-211-4649
Electronic Mail: noelia.adina@bankofamerica.com
Account No.: 3750836479
Reference: Flow International Corporation
ABA# 026009593
A-107
1. | On (a Business Day). | ||
2. | In the amount of $ . | ||
3. | Comprised of . | ||
[Type of Revolving Loan requested] | |||
4. | For Eurodollar Rate Loans: with an Interest Period of months. |
FLOW INTERNATIONAL CORPORATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
B-1
1. | On (a Business Day). | ||
2. | In the amount of $ . |
FLOW INTERNATIONAL CORPORATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
C-1
$______________ | _ _______________ |
E-1
FLOW INTERNATIONAL CORPORATION | ||||
By: | ||||
Name: | ||||
Title: |
E-2
Amount of Principal | Outstanding | |||||||||||
End of Interest | or Interest Paid | Principal Balance | ||||||||||
Date | Type of Loan Made | Amount of Loan Made | Period | This Date | This Date | Notation Made By | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ | ||||||
________ | ________ | ________ | ________ | ________ | ________ | ________ |
E-3
F-2-1
FLOW INTERNATIONAL CORPORATION | ||||
By: | ||||
Name: | ||||
Title: | ||||
F-2-2
to the Compliance Certificate
($ in 000’s)
I. Section 1 of Schedule 7.11 — Consolidated Senior Leverage Ratio. | ||||||||
A. | Consolidated Funded Indebtedness at Statement Date: | $ | ||||||
B. | OMAX Subordinated Debt (if long-term) at Statement Date: | $ | ||||||
C. | Consolidated Adjusted EBITDA for four consecutive fiscal quarters ending on the above date (“Subject Period”) (Line III.A.7 below): | $ | ||||||
D. | Consolidated Senior Leverage Ratio ((Line I.A - Line 1.B)¸ Line I.C): | to 1 | ||||||
Maximum permitted: See Schedule 7.11 | ||||||||
II. Section 2 of Schedule 7.11 — Consolidated Fixed Charge Coverage Ratio. | ||||||||
A. | Consolidated Adjusted EBITDA for Subject Period: | |||||||
1. | Consolidated Net Income for Subject Period: | $ | ||||||
2. | Consolidated Interest Charges for Subject Period: | $ | ||||||
3. | Provision for income taxes for Subject Period: | $ | ||||||
4. | Depreciation expenses for Subject Period: | $ | ||||||
5. | Amortization expenses for Subject Period: | $ | ||||||
6. | Non-recurring non-cash reductions of Consolidated Net Income for Subject Period: | $ | ||||||
7. | Consolidated Adjusted EBITDA (Lines II.A.1 + 2 + 3 + 4 + 5 + 6): | $ | ||||||
B. | Cash payments for taxes: | $ | ||||||
C. | Maintenance Capital Expenditures: | $ | ||||||
D. | Consolidated Interest Charges (except non-cash payment-in-kind or non-cash deferred interest pursuant to OMAX Subordinated Debt while it's long-term debt and deferred financing costs) for Subject Period: | $ | ||||||
E. | Current portion of other long term debt1: | $ | ||||||
F. | Consolidated Fixed Charge Coverage Ratio ((Line II.A.7 — Line II.B - Line II.C)¸ (Line II.D + Line II.E) : | $ | ||||||
Minimum required: | See Schedule 7.11 |
1 | That is, long term debt other than long term debt under this Agreement, under the OMAX Subordinated Debt, under the credit facility for working capital purposes between Flow Asia Corporation and First Commerce Bank and under the credit facility for working capital purposes between Flow Asia Corporation and Mega International Commercial Bank. |
F-2-3
to the Compliance Certificate
($ in 000’s)
(in accordance with the definition of Consolidated Adjusted EBITDA
as set forth in the Agreement)
Consolidated | ||||||||||||||||||
Adjusted | Quarter | Quarter | Quarter | Quarter | Twelve Months | |||||||||||||
EBITDA | Ended | Ended | Ended | Ended | Ended | |||||||||||||
Consolidated Net Income | ||||||||||||||||||
+ Consolidated Interest Charges | ||||||||||||||||||
+ income taxes | ||||||||||||||||||
+ depreciation expense | ||||||||||||||||||
+ amortization expense | ||||||||||||||||||
+ non-recurring non-cash expenses | ||||||||||||||||||
= Consolidated Adjusted EBITDA |
F-2-4
F-2-5
F-2-6
F-2-7
F-2-8
F-2-9
F-2-10
F-2-11
F-2-12
F-2-13
F-2-14
23500 64th Avenue South
Kent, Washington 98032
Attn: General Counsel
Telephone: 253-813-9376
Facsimile: 253-813-3280
F-2-15
F-2-16
F-2-17
F-2-18
F-2-19
[_________________________________] | ||||
By: | ||||
Name: | ||||
Title: | ||||
F-2-20
F-2-1
2
[NEW GUARANTOR] | ||||
By: | ||||
Name: | ||||
Title: | ||||
Address: | ||||
Accepted: BANK OF AMERICA, N.A., as Agent | ||||
By: | ||||
Name: | ||||
Title: |
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[_____________________________________] | ||||
By: | ||||
Name: | ||||
Title: | ||||
BANK OF AMERICA, N.A., as Administrative Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
22
Part (a). | Pledged Domestic Material Subsidiaries: |
Name of Subsidiary | Number of Shares | Certificate Number | Percentage Ownership |
Part (b). | Pledged Foreign Subsidiaries: |
Name of Subsidiary | Number of Shares | Certificate Number | Percentage Ownership |
F-2-23
G-2-24
Name of Subsidiary | Number of Shares | Certificate Number | Percentage Ownership |
By: | ||||
Name: | ||||
Title: | ||||
BANK OF AMERICA, N.A., as
Administrative Agent
By: | ||||
Name: | ||||
Title: | ||||
G-2-25
G-2-26
G-2-27
[NEW PLEDGOR] | ||||
By: | ||||
Name: | ||||
Title: | ||||
Address: | ||||
By: | ||||
Name: | ||||
Title: | ||||
G-2-28
G-2-1
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[_________________________] | ||||
By: | ||||
Name: | ||||
Title: | ||||
BANK OF AMERICA, N.A., as Administrative Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
G-2-27
G-2-28
G-2-29
G-2-30
G-2-31
G-2-32
G-2-33
Copyright No. | Description of Copyright | Date of Copyright | ||
Copyright Application No. | Description of Copyright Applied For | Date of Copyright Application | ||
G-2-34
Very truly yours, [DEBTOR NAME] | ||||
By: | ||||
Name: | ||||
Title: | ||||
Acknowledged and Accepted: BANK OF AMERICA, N.A., as Administrative Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
G-2-35
OF
GRANT OF SECURITY INTEREST
IN
PATENTS
Patent No. | Description of Patent | Date of Patent |
Patent Application No. | Description of Patent | Date of Patent | ||||||||
Applied For | Application | |||||||||
G-2-36
Very truly yours, [DEBTOR NAME] | ||||
By: | ||||
Name: | ||||
Title: | ||||
Acknowledged and Accepted: BANK OF AMERICA, N.A., as Administrative Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
G-2-37
OF
GRANT OF SECURITY INTEREST
IN
TRADEMARKS
Trademark No. | Description of Trademark | Date of Trademark | ||||||||
Trademark Application No. | Description of | Date of Trademark | ||||||||
Trademark Applied | Application | |||||||||
For | ||||||||||
H-1-38
Very truly yours, [DEBTOR NAME] | ||||
By: | ||||
Name: | ||||
Title: | ||||
Acknowledged and Accepted: BANK OF AMERICA, N.A., as Administrative Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
H-1-39
H-1-40
H-1-41
[NEW DEBTOR] | ||||
By: | ||||
Name: | ||||
Title: | ||||
Address: | ||||
Legal name: | ||||
Jurisdiction of formation: | ||||
Accepted: BANK OF AMERICA, N.A., as Administrative Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
H-1-42
OF
ASSIGNMENT AND ASSUMPTION
1. | Assignor[s]: | |
2. | Assignee[s]: for each Assignee, indicate [Affiliate][Approved Fund] of[identify Lender] | |
3. | Borrower: FLOW INTERNATIONAL CORPORATION, a Washington corporation |
H-1-1
4. | Administrative Agent: Bank of America, N.A., as the administrative agent under the Credit Agreement | |
5. | Credit Agreement: Third Amended and Restated Credit Agreement, dated as of March 2, 2011, among FLOW INTERNATIONAL CORPORATION, the Lenders from time to time party thereto, Bank of America, N.A., as Agent, L/C Issuer and Swing Line Lender. | |
6. | Assigned Interest[s]: |
Aggregate | |||||||||||||||||||||||||
Amount of | Amount of | Percentage | |||||||||||||||||||||||
Commitment/ | Commitment/ | Assigned of | |||||||||||||||||||||||
Loans | Loans | Commitment/ | |||||||||||||||||||||||
Assignor[s] | Assignee[s] | Facility Assigned | for all Lenders | Assigned | Loans | CUSIP No. | |||||||||||||||||||
$ | $ | % | |||||||||||||||||||||||
$ | $ | % | |||||||||||||||||||||||
$ | $ | % |
ASSIGNOR [NAME OF ASSIGNOR] | ||||||
By: | ||||||
Title: | ||||||
ASSIGNEE | ||||||
[NAME OF ASSIGNEE] | ||||||
By: | ||||||
Title: | ||||||
H-1-2
[Consented to and]Accepted: BANK OF AMERICA, N. A., as Administrative Agent | ||||
By: | ||||
Title: | ||||
[Consented to:] | ||||
By: | ||||
Title: | ||||
H-1-3
ASSIGNMENT AND ASSUMPTION
H-1 - 4
H-1 - 5
[To be provided if additional Lenders join]