0001104659-04-024784 Sample Contracts

FOURTEENTH AMENDMENT TO GENERAL CREDIT AND SECURITY AGREEMENT

General Credit and Security Agreement • August 17th, 2004 • Appliance Recycling Centers of America Inc /Mn • Retail-home furniture, furnishings & equipment stores • Minnesota

• Contract Type
  General Credit and Security Agreement
• Filed
  August 17th, 2004
• Company
  Appliance Recycling Centers of America Inc /Mn
• Industry
  Retail-home furniture, furnishings & equipment stores
• Jurisdiction
  Minnesota

THIS AGREEMENT, dated and effective as of July 1, 2004, between SPECTRUM Commercial Services Company, a Minnesota Corporation, having its mailing address and principal place of business at Two Appletree Square, Suite 415, Bloomington, Minnesota 55425 (herein called “Lender” or “SCS”), and Appliance Recycling Centers of America, Inc., a Minnesota corporation, having the mailing address and principal place of business at 7400 Excelsior Boulevard, Minneapolis, MN 55426, (herein called “Borrower”), amends that certain General Credit and Security Agreement dated August 30, 1996, (“Credit Agreement”) as amended. Where the provisions of this Agreement conflict with the Credit Agreement, the intent of this Agreement shall control.