This excerpt taken from the SPPR 8-K filed Dec 5, 2008.
Franchise Agreements"); and
WHEREAS, the original loan made pursuant to the Original Loan Agreement was a $34,000,000 revolving line of credit; and
WHEREAS, the Borrower and the Bank have agreed to renew and refinance the original revolving line of credit as a $20,000,000 revolving line of credit and a $14,000,000 term loan; and
WHEREAS, the Borrower has requested, and the Bank has agreed, to extend credit in excess of the original $34,000,000 loan; and
WHEREAS, to effectuate the renewal and refinancing of the original line of credit and the extension of additional credit, the Borrower and the Bank have agreed to amend and restate the Original Loan Agreement in its entirety upon the terms and conditions set forth herein.
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower and the Bank hereby agree as follows:
This excerpt taken from the SPPR 8-K filed Mar 7, 2007.