Persons entitled
- The Chase Manhattan Bank
Amount secured
(A) the due and punctual payment by the company (the "borrower") and thc systems inc., ("Thc"), of (I) the principal of the loans (in an amount not to exceed $275,000,000), the chase loans (in an amount not to exceed $2,500,000), and the notes (in an amount not to exceed the principal amount thereof as of the date of the security agreement), (ii) any make-whole premium or other premium, if any, and interest on the loans, the chase loans and the notes, (iii) each payment required to be made by the borrower to the issuing banks in respect of any secured lc under the reimbursement agreement relating thereto, (iv) each payment required to be made by the borrower to a lender (or an affiliate of a lender) as counterparty under any secured hedging agreement, (v) the secured metal obligations, and (vi) all other monetary obligations of the secured parties under any of the transaction documents, and (b) the due and punctual performance of all covenants, agreements, obligations and liabilities of the borrower, thc and the guarantors under or pursuant to any of the transaction doucments, including the subsidiary guarantee agreements
Short particulars
All right title and interest in to and under the accounts receivable, documents, equipment, fixtures, general intangibles, inventory, cash on hand and in deposit accounts, investment property, instruments and proceeds (the "collateral").