Amendment No. 2 to Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K/A

(Amendment No.2)

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 10, 2010

001-34219

(Commission File Number)

 

 

CASUAL MALE RETAIL GROUP, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   04-2623104
(State of Incorporation)  

(IRS Employer

Identification Number)

555 Turnpike Street, Canton, Massachusetts 02021

(Address of registrant’s principal executive office)

(781) 828-9300

(Registrant’s telephone number)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨  

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨  

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨  

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b))

 

¨  

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


EXPLANATORY NOTE

Pursuant to a Current Report on Form 8-K filed with the Securities and Exchange Commission on November 10, 2010 (the “Original 8-K”), Casual Male Retail Group, Inc. (the “Company”) reported that it had amended its credit facility with Bank of America, N.A. by executing the Sixth Amended and Restated Loan and Security Agreement (the “Credit Facility”). On December 1, 2010, the Company filed Amendment No. 1 to the Original 8-K in order to include a copy of the Credit Facility as Exhibit 10.1 (with certain redactions pursuant to a request for confidential treatment). The Company is filing this Amendment No. 2 to the Original 8-K, as amended, in order to file a revised, redacted version of Exhibit 10.1.

ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

 

Exhibit No.

  

Description

10.1*    Sixth Amended and Restated Loan and Security Agreement dated November 10, 2010 by and among Bank of America, N.A. as Administrative Agent and Collateral Agent, the Revolving Credit Lenders identified therein, the Company, as Borrowers’ Representative, and the Company and CMRG Apparel, LLC, as Borrowers.

 

* Portions of this Exhibit have been omitted pursuant to a request for confidential treatment.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

CASUAL MALE RETAIL GROUP, INC.
By:  

/S/    DENNIS R. HERNREICH        

Name:   Dennis R. Hernreich
Title:  

Executive Vice President

and Chief Financial Officer

Date: January 7, 2011

Sixth Amended and Restated Loan and Security Agreement

Exhibit 10.1

Confidential Treatment Requested as to certain information contained in this Exhibit and filed separately with the Securities and Exchange Commission.

 

 

SIXTH AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT

 

 

BANK OF AMERICA, N.A.

AS ADMINISTRATIVE AGENT AND

COLLATERAL AGENT

 

 

REVOLVING CREDIT LENDERS

NAMED HEREIN

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

JPMORGAN CHASE BANK, N.A.

AS CO-SYNDICATION AGENTS

PNC BANK, NATIONAL ASSOCIATION

AS DOCUMENTATION AGENT

 

 

CASUAL MALE RETAIL GROUP, INC.

THE BORROWERS’ REPRESENTATIVE

FOR:

CASUAL MALE RETAIL GROUP, INC.

CMRG APPAREL, LLC

 

 

November 10, 2010


 

ARTICLE 1 - DEFINITIONS:

     2   

ARTICLE 2 - COMMITMENTS AND CREDIT EXTENSIONS:

     37   

2.1.

  

Establishment of Revolving Credit Facility

     37   

2.2.

  

Advances in Excess of Borrowing Base (OverLoans)

     38   

2.3.

  

Initial Reserves. Changes to Reserves

     38   

2.4.

  

Risks of Value of Collateral

     39   

2.5.

  

Commitment to Make Revolving Credit Loans and Support Letters of Credit

     39   

2.6.

  

Loan Requests

     39   

2.7.

  

Making of Revolving Credit Loans

     41   

2.8.

  

SwingLine Loans

     42   

2.9.

  

The Loan Account

     43   

2.10.

  

The Revolving Credit Notes

     44   

2.11.

  

Payment of The Loan Account

     44   

2.12.

  

Interest on Revolving Credit Loans

     45   

2.13.

  

Arrangement Fee

     46   

2.14.

  

Upfront Fees

     46   

2.15.

  

Administrative Agent’s Fee

     46   

2.16.

  

Unused Line Fee

     46   

2.17.

  

Agents’ and Revolving Credit Lenders’ Discretion

     46   

2.18.

  

Procedures For Issuance of L/C’s

     47   

2.19.

  

Fees For L/C’s

     49   

2.20.

  

Concerning L/Cs

     50   

2.21.

  

Changed Circumstances

     52   

2.22.

  

Designation of Borrowers’ Representative as Borrowers’ Agent

     52   

2.23.

  

Revolving Credit Lenders’ Commitments

     53   

2.24.

  

Increase in Revolving Credit Commitments

     54   

2.25.

  

References to Existing Loan Agreement

     56   

ARTICLE 3 - CONDITIONS PRECEDENT:

     56   

3.1.

  

Due Diligence

     56   

3.2.

  

Opinion

     57   

3.3.

  

Additional Documents

     57   

3.4.

  

Officers’ Certificates

     57   

3.5.

  

Representations and Warranties

     58   

3.6.

  

All Fees and Expenses Paid

     58   

3.7.

  

Collateral, Etc.

     58   

3.8.

  

No Default.

     58   

3.9.

  

Financial Statements; Legal Due Diligence; No Adverse Change

     59   

3.10.

  

No Litigation

     59   

3.11.

  

Patriot Act

     59   

3.12.

  

Benefit of Conditions Precedent

     59   

ARTICLE 4 - GENERAL REPRESENTATIONS, COVENANTS AND WARRANTIES:

     60   

4.1.

  

Payment and Performance of Liabilities

     60   

 

(ii)


4.2.

  

Due Organization; Authorization; No Conflicts

     60   

4.3.

  

Trade Names

     61   

4.4.

  

Infrastructure

     61   

4.5.

  

Locations

     62   

4.6.

  

Stores

     63   

4.7.

  

Title to Assets

     63   

4.8.

  

Indebtedness

     64   

4.9.

  

Insurance

     64   

4.10.

  

Licenses

     65   

4.11.

  

Leases

     65   

4.12.

  

Requirements of Law

     65   

4.13.

  

Labor Relations

     66   

4.14.

  

Maintain Properties; Asset Sales

     66   

4.15.

  

Taxes

     67   

4.16.

  

No Margin Stock; Not Investment Company

     68   

4.17.

  

ERISA

     68   

4.18.

  

Hazardous Materials

     68   

4.19.

  

Litigation

     69   

4.20.

  

Dividends. Investments. Entity Action

     69   

4.21.

  

Permitted Acquisitions

     70   

4.22.

  

Loans

     71   

4.23.

  

Restrictions on Sale of Collateral; License Agreements

     72   

4.24.

  

Protection of Assets

     72   

4.25.

  

Line of Business

     72   

4.26.

  

Affiliate Transactions

     73   

4.27.

  

Further Assurances

     73   

4.28.

  

Adequacy of Disclosure

     74   

4.29.

  

No Restrictions on Liabilities

     75   

4.30.

  

Other Covenants

     75   

4.31.

  

Inventory Purchasing

     75   

4.32.

  

Solvency

     75   

4.33.

  

Patriot Act

     75   

4.34.

  

Foreign Assets Control Regulations

     76   

ARTICLE 5 - FINANCIAL REPORTING AND PERFORMANCE COVENANTS:

     76   

5.1.

  

Maintain Records

     76   

5.2.

  

Access to Records

     77   

5.3.

  

Prompt Notice to Administrative Agent

     78   

5.4.

  

Borrowing Base Certificate

     79   

5.5.

  

Monthly Reports

     79   

5.6.

  

Quarterly Reports

     79   

5.7.

  

Annual Reports

     80   

5.8.

  

Compliance Certificates

     81   

5.9.

  

Inventories, Appraisals, and Audits

     81   

5.10.

  

Additional Financial Information

     83   

5.11.

  

Excess Availability Covenant

     83   

 

(iii)


 

ARTICLE 6 - USE OF COLLATERAL:      83   

6.1.

   Use of Inventory Collateral      83   

6.2.

   Inventory Quality      84   

6.3.

   Adjustments and Allowances      84   
ARTICLE 7 - CASH MANAGEMENT, PAYMENT OF LIABILITIES:      84   

7.1.

   Depository Accounts      84   

7.2.

   Credit Card Receipts      85   

7.3.

   The Administrative Agent’s, Blocked, and Operating Accounts      85   

7.4.

   Proceeds and Collections      85   

7.5.

   Payment of Liabilities      86   

7.6.

   The Operating Account      87   
ARTICLE 8 - GRANT OF SECURITY INTEREST:      88   

8.1.

   Grant of Security Interest      88   

8.2.

   Extent and Duration of Security Interest; Notice      89   
ARTICLE 9 - COLLATERAL AGENT AS ATTORNEY-IN-FACT:      89   

9.1.

   Appointment as Attorney-In-Fact      89   

9.2.

   No Obligation to Act      90   
ARTICLE 10 - EVENTS OF DEFAULT:      91   

10.1.

   Failure to Pay the Revolving Credit Facility      91   

10.2.

   Failure To Make Other Payments      91   

10.3.

   Failure to Perform Covenant or Liability (No Grace Period)      91   

10.4.

   Financial Reporting Requirements      91   

10.5.

   Failure to Perform Covenant or Liability (Grace Period)      92   

10.6.

   Misrepresentation      92   

10.7.

   Acceleration of Other Debt; Breach of Lease      92   

10.8.

   Default Under Other Agreements      92   

10.9.

   Uninsured Casualty Loss      92   

10.10.

   Attachment; Judgment; Restraint of Business      92   

10.11.

   Indictment - Forfeiture      93   

10.12.

   Challenge to Loan Documents      93   

10.13.

   Change in Control      93   

10.14.

   Business Failure      93   

10.15.

   Bankruptcy      94   

10.16.

   Termination of Business      94   

10.17.

   Payment of Other Indebtedness      94   

10.18.

   Default by Guarantor; Termination of Guaranty      94   

10.19.

   Material Adverse Change      94   
ARTICLE 11 - RIGHTS AND REMEDIES UPON DEFAULT:      95   

11.1.

   Acceleration      95   

11.2.

   Rights of Enforcement      95   

11.3.

   Sale of Collateral      95   

 

(iv)


11.4.

   Occupation of Business Location      96   

11.5.

   Grant of Nonexclusive License      97   

11.6.

   Assembly of Collateral      97   

11.7.

   Rights and Remedies      97   
ARTICLE 12 - LOAN FUNDINGS AND DISTRIBUTIONS:      97   

12.1.

   Funding Procedures      97   

12.2.

   SwingLine Loans      98   

12.3.

   Administrative Agent’s Covering of Fundings:      99   

12.4.

   Ordinary Course Distributions: Revolving Credit Facility      102   
ARTICLE 13 - ACCELERATION AND LIQUIDATION:      103   

13.1.

   Acceleration Notices      103   

13.2.

   Acceleration      103   

13.3.

   Initiation of Liquidation      104   

13.4.

   Actions At and Following Initiation of Liquidation      104   

13.5.

   Distribution of Liquidation Proceeds      104   

13.6.

   Relative Priorities To Proceeds of Liquidation      105   
ARTICLE 14 - THE AGENTS:      106   

14.1.

   Appointment of The Agents      106   

14.2.

   Responsibilities of Agents      107   

14.3.

   Concerning Distributions By the Agents      108   

14.4.

   Dispute Resolution      109   

14.5.

   Distributions of Notices and of Documents      109   

14.6.

   Confidential Information      109   

14.7.

   Reliance by Agents      110   

14.8.

   Non-Reliance on Agents and Other Revolving Credit Lenders      110   

14.9.

   Indemnification      111   

14.10.

   Resignation of Agent      111   
ARTICLE 15 - ACTION BY AGENTS - CONSENTS - AMENDMENTS - WAIVERS:      112   

15.1.

   Administration of Revolving Credit Facility      112   

15.2.

   Actions Requiring or On Direction of Majority Revolving Credit Lenders      113   

15.3.

   Action Requiring Certain Consent      113   

15.4.

   Miscellaneous Actions      115   

15.5.

   Actions Requiring Borrowers’ Representative’s Consent      115   

15.6.

   NonConsenting Revolving Credit Lender      116   
ARTICLE 16 - ASSIGNMENTS BY REVOLVING CREDIT LENDERS:      117   

16.1.

   Assignments and Assumptions      117   

16.2.

   Assignment Procedures      118   

16.3.

   Effect of Assignment      118   
ARTICLE 17 - NOTICES:      119   

17.1.

   Notice Addresses      119   

 

(v)


17.2.

   Notice Given      120   

17.3.

   Wire Instructions      121   
ARTICLE 18 - TERM:      121   

18.1.

   Termination of Revolving Credit Facility      121   

18.2.

   Actions On Termination      121   
ARTICLE 19 - GENERAL:      122   

19.1.

   Protection of Collateral      122   

19.2.

   Publicity      122   

19.3.

   Successors and Assigns      122   

19.4.

   Severability      122   

19.5.

   Amendments. Course of Dealing      123   

19.6.

   Power of Attorney      123   

19.7.

   Application of Proceeds      123   

19.8.

   Increased Costs      124   

19.9.

   Costs and Expenses of Agents and Revolving Credit Lenders      124   

19.10.

   Copies, Facsimiles and Electronic Communications      125   

19.11.

   Massachusetts Law      125   

19.12.

   Indemnification      126   

19.13.

   Rules of Construction      126   

19.14.

   Intent      128   

19.15.

   Participations      128   

19.16.

   Right of Set-Off      128   

19.17.

   Pledges To Federal Reserve Banks      129   

19.18.

   Maximum Interest Rate      129   

19.19.

   Waivers      129   

19.20.

   Additional Waivers      130   

19.21.

   Replacement of Revolving Credit Lenders      131   

19.22.

   Patriot Act Notice      132   

19.23.

   Counterparts; Integration; Effectiveness      133   

19.24.

   Existing Loan Agreement Amended and Restated      133   

 

(vi)


EXHIBITS

 

1.0(a)    :      Casual Male Companies
1.0(b)    :      Guarantors
1.1    :      Permitted Encumbrances
2.8    :      SwingLine Note
2.10    :      Revolving Credit Note
2.23    :      Revolving Credit Lenders’ Commitments
3.8(b)    :      Existing Defaults under Material Contracts
4.2    :      Loan Parties’ Information
4.3    :      Trade Names
4.4(b)    :      Exceptions to Property Rights
4.5    :      Locations, Leases, and Landlords
4.7(b)    :      Consigned Inventory
4.7(c)(ii)    :      Equipment Usage Agreement
4.9    :      Insurance Policies
4.11    :      Capital Leases
4.13(a)    :      Labor Relations
4.19    :      Litigation
4.28(b)    :      Contingent Obligations
5.4    :      Borrowing Base Certificate
5.8    :      Compliance Certificate
7.1    :      DDA’s
7.2    :      Credit Card Arrangements
16.1    :      Assignment / Assumption

 

(vii)


 

SIXTH AMENDED AND RESTATED  
LOAN AND SECURITY AGREEMENT   Bank of America, N.A.
  Administrative and Collateral Agent

 

 

 

November 10, 2010

THIS SIXTH AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this “Agreement”) is made among:

Bank of America, N.A., a national banking association with an office at 100 Federal Street, 9th Floor, Boston, Massachusetts 02110, as administrative agent (in such capacity, the “Administrative Agent”) for the benefit of (i) the Collateral Agent, (ii) the “Revolving Credit Lenders” who are, at present, those financial institutions identified on the signature pages of this Agreement and any Person who becomes a “Revolving Credit Lender” in accordance with the provisions of this Agreement, and (iii) the other Secured Parties;

and

Bank of America, N.A., a national banking association with an office at 100 Federal Street, 9th Floor, Boston, Massachusetts 02110, as collateral agent (in such capacity, the “Collateral Agent”) for the benefit of (i) the Administrative Agent, (ii) the Revolving Credit Lenders, and (iii) the other Secured Parties;

and

The Revolving Credit Lenders;

and

Casual Male Retail Group, Inc., a Delaware corporation with its principal executive offices at 555 Turnpike Street, Canton, Massachusetts 02021, as agent (in such capacity, the “Borrowers’ Representative”) for Casual Male Retail Group, Inc. and CMRG Apparel, LLC (successor by conversion to Designs Apparel, Inc.), a Delaware limited liability company (“CMRG Apparel”) (individually, a “Borrower” and collectively, the “Borrowers”).

WHEREAS, on December 28, 2006, the Borrowers entered into a Fifth Amended and Restated Loan and Security Agreement (as amended and in effect, the “Existing Loan Agreement”) among (i) the Borrowers, (ii) Bank of America, N.A., as Administrative Agent and Collateral Agent, (iii) the Revolving Credit Lenders, and (iv) the “Last Out Lenders” party to, and as defined in, the Existing Loan Agreement, pursuant to which, among other things, the Revolving Credit Lenders agreed to make Revolving Credit Loans to the Borrowers and the Last Out Lenders agreed to make Last Out Revolving Loans to the Borrowers;

 

-1-


WHEREAS, the Borrowers have requested that the Agent and the Revolving Credit Lenders extend the Maturity Date (as defined in the Existing Loan Agreement), terminate the Last Out Commitments (as defined in the Existing Loan Agreement) and amend and restate the other provisions of the Existing Loan Agreement in its entirety; and

WHEREAS, in accordance with Article 15 of the Existing Loan Agreement, the Agent and the Revolving Credit Lenders are willing to amend and restate the Existing Loan Agreement in its entirety on the terms set forth herein

NOW THEREFORE, in consideration of the mutual agreements set forth in this Agreement, and for good and valuable consideration, the receipt of which is hereby acknowledged, the Agent, the Revolving Credit Lenders and the Borrowers hereby agree that the Existing Loan Agreement shall be amended and restated in its entirety as follows (it being agreed that this Agreement shall not be deemed to evidence or result in a novation or repayment and reborrowing of the Liabilities under, and as defined in, the Existing Loan Agreement):

ARTICLE 1 - DEFINITIONS:

As used herein, the following terms have the following meanings or are defined in the section of this Agreement so indicated:

Accelerated Borrowing Base Delivery Event”: Either (i) the occurrence and continuance of any Default or Event of Default, or (ii) the failure of the Borrowers to maintain Excess Availability at all times equal to or greater than fifteen percent (15%) of the Loan Cap. For purposes of this Agreement, the occurrence of an Accelerated Borrowing Base Delivery Event shall be deemed continuing (A) so long as such Default or Event of Default is continuing, and/or (B) if the Accelerated Borrowing Base Delivery Event arises as a result of the Borrowers’ failure to maintain Excess Availability as required pursuant to clause (ii) above, until Excess Availability has equaled or exceeded fifteen percent (15%) of the Loan Cap for sixty (60) consecutive calendar days, in which case an Accelerated Borrowing Base Delivery Event shall no longer be deemed to be continuing for purposes of this Agreement.

Acceleration”: The making of demand or declaration that any indebtedness, not otherwise due and payable, is due and payable. Derivations of the word “Acceleration” (such as “Accelerate”) are used with like meaning in this Agreement.

Acceleration Notice”: Written notice as follows:

(a) From the Administrative Agent to the Collateral Agent and the Revolving Credit Lenders, as provided in Section 13.1(a).

(b) From the Majority Revolving Credit Lenders to the Administrative Agent, as provided in Section 13.1(b).

 

-2-


Account Debtor”: Has the meaning given that term in the UCC.

Accounts” and “Accounts Receivable”: Include, without limitation, “accounts” as defined in the UCC, and also all: accounts, accounts receivable, receivables, and rights to payment (whether or not earned by performance) for: property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of; services rendered or to be rendered; a policy of insurance issued or to be issued; a secondary obligation incurred or to be incurred; for the use or hire of a vessel; arising out of the use of a credit or charge card or information contained on or used with that card; and also all Inventory which gave rise thereto, and all rights associated with such Inventory, including the right of stoppage in transit; all reclaimed, returned, rejected or repossessed Inventory (if any) the sale of which gave rise to any Account.

ACH”: Automated clearing house.

Acquisition”: The purchase or other acquisition, by a Loan Party (no matter how structured in one transaction or in a series of transactions), of: (a) equity interests in any other Person which would constitute or which results in a Change in Control of such other Person (as if such Person were Casual Male, as used in the definition of “Change of Control”), or (b) such of the assets of any Person as would permit a Loan Party to operate one or more retail locations of such Person or to conduct other business operations with such assets; provided, however, none of the following shall constitute an “Acquisition”: purchases of inventory in the ordinary course of a Loan Party’s business; purchases, leases or other acquisitions of Equipment in the ordinary course of a Loan Party’s business; and Capital Expenditures permitted hereunder.

Additional Commitment Lender”: Defined in Section 2.24(c).

Administrative Agent”: Defined in the Preamble.

Administrative Agent’s Account”: Defined in Section 7.3.

Administrative Agent’s Cover”: Defined in Section 12.3(c)(i).

Affiliate”: The following:

(a) With respect to any two Persons, a relationship in which (i) one holds, directly or indirectly, not less than twenty five percent (25%) of the capital stock, beneficial interests, partnership interests, or other equity interests of the other; or (ii) one has, directly or indirectly, the right, under ordinary circumstances, to vote for the election of a majority of the directors (or other body or Person who has those powers customarily vested in a board of directors of a corporation); or (iii) not less than twenty five percent (25%) of their respective ownership is directly or indirectly held by the same third Person.

 

-3-


(b) Any Person which: is a parent, brother-sister or Subsidiary of a Loan Party; could have such enterprise’s tax returns or financial statements consolidated with that Loan Party’s; could be a member of the same controlled group of corporations (within the meaning of Section 1563(a)(1), (2) and (3) of the Internal Revenue Code of 1986, as amended from time to time) of which any Loan Party is a member; or controls or is controlled by any Loan Party.

Agent”: When not preceded by “Administrative” or “Collateral”, the term “Agent” refers collectively and individually to the Administrative Agent and the Collateral Agent.

Agent’s Fee”: Defined in Section 2.15.

Agents’ Rights and Remedies”: Defined in Section 11.7.

Applicable Inventory Advance Rate”: 90%.

Applicable Law”: As to any Person: (i) All statutes, rules, regulations, orders, or other requirements having the force of law; and (ii) all court orders and injunctions, arbitrator’s decisions, and/or similar rulings, in each instance ((i) and (ii)) of or by any federal, state, municipal, and other governmental authority, or court, tribunal, panel, or other body which has or claims jurisdiction over such Person, or any property of such Person, or of any other Person for whose conduct such Person would be responsible.

Applicable Margin”: The following percentages for Base Margin Loans and Libor Loans based upon the following criteria:

 

LEVEL

  

AVERAGE EXCESS AVAILABILITY

   APPLICABLE
MARGIN FOR
LIBOR LOANS
    APPLICABLE
MARGIN FOR
BASE MARGIN
LOANS
 

I

  

Greater than or equal to 50% of the Borrowing Base

     2.00     1.00

II

  

Less than 50% of the Borrowing Base

     2.25     1.25

The Applicable Margin shall be set on the Closing Date based upon the Average Excess Availability for the three (3) months immediately preceding the Closing Date. Thereafter, the Applicable Margin shall be adjusted quarterly on the first day of each calendar quarter based upon the Average Excess Availability during the prior quarter; provided that, if any Borrowing Base Certificate is at any time restated or otherwise revised or if the information set forth in any such Borrowing Base Certificate otherwise proves to be false or incorrect such that the Applicable

 

-4-


Margin would have been higher than was otherwise in effect during any period, without constituting a waiver of any Default or Event of Default arising as a result thereof, interest due under this Agreement shall be immediately recalculated at such higher rate for any applicable periods and shall be due and payable on demand. Upon the occurrence of an Event of Default and for so long as such Event of Default continues in existence, the Applicable Margin may, at the option of the Administrative Agent, be immediately increased to the percentages set forth in Level II (even if the Average Excess Availability requirements for another Level have been met) and interest shall be determined in the manner set forth in Section 2.12(f).

Appraised Inventory Liquidation Value”: The product of (a) the Cost of Eligible Inventory (net of Inventory Reserves) of the Casual Male Companies and RBT, multiplied by (b) that percentage, determined from the then most recent appraisal of the Loan Parties’ Inventory undertaken at the request of the Administrative Agent, to reflect the appraiser’s estimate of the net recovery on the Loan Parties’ Inventory in the event of an in-store liquidation of that Inventory.

Approved Fund”: Any Fund that is administered or managed by (a) a Revolving Credit Lender, (b) an Affiliate of a Revolving Credit Lender (c) an entity or an Affiliate of an entity that administers or manages a Revolving Credit Lender, or (d) the same investment advisor or an advisor under common control with such Revolving Credit Lender, Affiliate or advisor, as applicable.

Arrangement Fee”: Has the meaning set forth in the Fee Letter.

Assignee Revolving Credit Lender”: Defined in Section 16.1.

Assigning Revolving Credit Lender”: Defined in Section 16.1.

Assignment and Acceptance”: Defined in Section 16.2.

Availability”: The lesser of (a) or (b) where:

 

  (a) is the result of

(i) The Revolving Credit Commitments;

Minus

(ii) The aggregate outstanding Revolving Credit Loans and SwingLine Loans;

Minus

(iii) The aggregate undrawn Stated Amount of all then outstanding L/Cs.

 

-5-


 

  (b) is the result of

(i) The Borrowing Base;

Minus

(ii) The aggregate outstanding Revolving Credit Loans and SwingLine Loans;

Minus

(iii) The aggregate undrawn Stated Amount of all then outstanding L/Cs;

Minus

(iv) The aggregate of the Availability Reserves.

Availability Condition”: At the time of determination with respect to any specified transaction or payment that is subject to satisfaction of the Payment Conditions, Excess Availability at the time of such determination and immediately following, and after giving effect to, such transaction or payment was, and is projected by the Loan Parties on a pro forma basis for each of the twelve (12) Fiscal months immediately following such transaction or payment to be, equal to or greater than twenty percent (20%) of the Loan Cap.

Availability Reserves”: Such reserves as the Administrative Agent from time to time determines in the Administrative Agent’s reasonable discretion as being appropriate to reflect the impediments to the Collateral Agent’s ability to realize upon the Collateral. Without limiting the generality of the foregoing, Availability Reserves may include (but are not limited to) reserves based on the following:

 

  (i) Rent (but only if a landlord’s waiver, acceptable to the Administrative Agent, has not been received by the Administrative Agent).

 

  (ii) Customer Credit Liabilities.

 

  (iii) Taxes and other governmental charges, including, ad valorem, personal property, and other taxes which might have priority over the Collateral Interests of the Collateral Agent in the Collateral.

 

  (iv) L/C Landing Costs.

 

  (v) Banking Services Reserves.

 

-6-


Average Excess Availability”: The average daily Excess Availability for the immediately preceding quarter.

BALC”: Bank of America Leasing & Capital, LLC, and its successors and assigns.

BALC Equipment”: The Equipment specifically set forth on Exhibit 1.1(a) hereto, as such exhibit may be amended from time to time by the Borrowers, with the consent of the Administrative Agent.

BALC Indebtedness”: Indebtedness pursuant to the BALC Loan Agreement in the aggregate principal amount not to exceed $20,000,000 less all principal payments made after the Closing Date by the Borrowers to BALC pursuant to the terms thereof.

BALC Loan Agreement”: That certain Master Loan and Security Agreement and Equipment Security Note each dated as of July 20, 2007 entered into among others BALC and Casual Male Retail Group, Inc., as each is in effect as of July 20, 2007.

Banking Services”: Each and any bank services or facilities provided to any Loan Party by any Agent or any Revolving Credit Lender or any of their respective Affiliates, including, without limitation, the following: (a) Hedge Agreements; (b) purchase cards; (c) ACH transactions; (d) cash management services, including, without limitation, controlled disbursement services, treasury, depository, overdraft, and electronic funds transfer services; (e) foreign exchange facilities; (f) credit card processing services; and (g) credit or debit cards.

Banking Services Obligations”: Any and all obligations of the Loan Parties, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services.

Banking Services Reserves”: Such reserves as the Administrative Agent from time to time determines in its reasonable discretion as being appropriate to reflect the Banking Services Obligations then outstanding.

Bank of America”: Bank of America, N.A., a national banking association and its Subsidiaries, Affiliates, branches, and their respective successors with offices at 100 Federal Street, 9th Floor, Boston, Massachusetts 02110.

Bankruptcy Code”: Title 11, U.S.C., as amended from time to time.

BAS”: Is defined in Section 2.13.

Base Rate”: For any day, a fluctuating rate per annum equal to the highest of: (a) the Federal Funds Rate plus one-half of one percent (0.50%), (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America

 

-7-


as its “prime rate”; or (c) the Libor Rate for a one-month Interest Period in effect on such day plus one percent (1.00%). The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in the Base Rate due to a change in Bank of America’s “prime rate”, the Federal Funds Rate or the Libor Rate, respectively, shall take effect at the opening of business on the day specified in the public announcement of such change.

Base Margin”: As determined from the definition of Applicable Margin.

Base Margin Loan”: Each Revolving Credit Loan while bearing interest at the Base Margin Rate.

Base Margin Rate”: The aggregate of Base Rate plus the then Base Margin.

Blocked Account”: Defined in Section 7.3(a)(ii).

Blocked Account Agreement”: An agreement, in form and substance satisfactory to the Collateral Agent, which recognizes the Collateral Agent’s Collateral Interest in the contents of the deposit account which is the subject of such agreement and provides that, after the occurrence and during the continuance of a Cash Dominion Event, such contents shall be transferred only to the Administrative Agent’s Account or as otherwise instructed by the Collateral Agent.

Blocked Account Bank”: Each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

Borrower” and “Borrowers”: Defined in the Preamble.

Borrowers’ Representative”: Defined in the Preamble.

Borrowing Base”: The aggregate of the following:

(a) The Applicable Inventory Advance Rate multiplied by the Appraised Inventory Liquidation Value.

Plus

(b) The face amount of Eligible Credit Card Receivables multiplied by the Credit Card Advance Rate.

Borrowing Base Certificate”: A certificate substantially in the form of EXHIBIT 5.4 annexed hereto (as such form may be revised from time to time by the

 

-8-


Administrative Agent), executed and certified as accurate and complete by the Borrowers’ Representative, which shall include appropriate exhibits, schedules, supporting documentation, and additional reports as reasonably requested by the Administrative Agent.

Business Day”: Any day other than (a) a Saturday or Sunday; (b) any day on which banks in Boston, Massachusetts generally are not open to the general public for the purpose of conducting commercial banking business; or (c) a day on which the principal office of the Administrative Agent is not open to the general public to conduct business.

Business Plan”: The Loan Parties’ most recent projected balance sheet, income statement, statement of cash flows, and availability model, each on a monthly basis for the following twelve (12) month period, delivered by the Borrowers’ Representative from time to time pursuant to Section 5.7(c), as updated from time to time by the Borrowers’ Representative pursuant to this Agreement.

Canton Lease”: The lease and related documents entered into by and among Casual Male and Spirit SPE Canton, LLC dated as of February, 2006.

Capital Expenditures”: The expenditure of funds or the incurrence of liabilities which may be capitalized in accordance with GAAP.

Capital Lease”: Any lease which may be capitalized in accordance with GAAP.

Capital Lease Obligations”: With respect to any Person for any period, the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as liabilities on a balance sheet of such Person under GAAP and the amount of which obligations shall be the capitalized amount thereof determined in accordance with GAAP.

Cash Dominion Event”: Either (a) the occurrence and continuance of any Event of Default, or (b) the failure of the Borrowers to maintain Excess Availability at all times equal to or greater than fifteen percent (15%) of the Loan Cap. For purposes of this Agreement, the occurrence of a Cash Dominion Event shall be deemed continuing at the option of the Administrative Agent (i) so long as such Event of Default has not been waived, and/or (ii) if the Cash Dominion Event arises as a result of the Borrowers’ failure to maintain Excess Availability as required hereunder, until Excess Availability has equaled or exceeded fifteen percent (15%) of the Loan Cap for sixty (60) consecutive calendar days, in which case a Cash Dominion Event shall no longer be deemed to be continuing for purposes of this Agreement; provided that a Cash Dominion Event shall be deemed continuing (even if an Event of Default is no longer continuing and/or Excess Availability exceeds the required amount for sixty (60) consecutive

 

-9-


calendar days) (A) at the option of the Borrowers’ Representative upon notice to the Administrative Agent or (B) at all times after a Cash Dominion Event has occurred and been discontinued on two (2) occasions after the Closing Date. The termination of a Cash Dominion Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Cash Dominion Event in the event that the conditions set forth in this definition again arise.

Casual Male”: Casual Male Retail Group, Inc.

Casual Male Companies”: The Persons listed on EXHIBIT 1.0(a) annexed hereto.

Change in Control”: The occurrence of any of the following:

(a) The acquisition, by any group of persons (within the meaning of the Securities Exchange Act of 1934, as amended) or by any Person, of beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission) of 35% or more of the issued and outstanding capital stock of Casual Male having the right, under ordinary circumstances, to vote for the election of directors of Casual Male.

(b) At any time, (a) occupation of a majority of the seats (other than vacant seats) on the board of directors of Casual Male by Persons who were neither (i) nominated by the board of directors of Casual Male nor (ii) appointed by directors so nominated.

(c) The persons who are directors of Casual Male as of the Closing Date cease, for any reason other than death, disability, retirement or resignation in the ordinary course (and not in connection with a proxy contest or similar occurrence), to constitute a majority of the board of directors of Casual Male.

(d) The failure by Casual Male (i) to own, directly or indirectly, 100% of the issued and outstanding membership interests of CMRG Apparel and RBT, or (ii) to own, directly or indirectly, 100% of the issued and outstanding capital stock or membership interests of all other Loan Parties.

Chattel Paper”: Has the meaning given that term in the UCC.

Closing Date”: November 10, 2010.

CMRG Apparel”: Defined in the Preamble.

Collateral”: Defined in Section 8.1.

Collateral Agent”: Defined in the Preamble.

 

-10-


Collateral Interest”: Any interest in property to secure an obligation, including, without limitation, a security interest, mortgage, and deed of trust.

Compliance Certificate”: Defined in Section 5.8.

Consent”: (a) Actual consent given by the Revolving Credit Lender from whom such consent is sought; or (b) except with respect to matters set forth in Section 15.3 (as to which matters actual written consent given by the Revolving Credit Lender from whom such consent is sought shall be required), the passage of seven (7) Business Days from receipt of written notice to a Revolving Credit Lender from an Agent of a proposed course of action to be followed by an Agent without such Revolving Credit Lender’s giving that Agent written notice of that Revolving Credit Lender’s objection to such course of action; provided that all Agents may rely on such passage of time as consent by a Revolving Credit Lender only if such written notice states that consent will be deemed effective if no objection is received within such time period.

Consolidated”: When used to modify a financial term, test, statement, or report, refers to the application or preparation of such term, test, statement or report (as applicable) based upon the consolidation, in accordance with GAAP, of the financial condition or operating results of the Loan Parties.

Consolidated EBITDA”: For any period, an amount equal to the Consolidated Net Income of the Borrowers’ Representative and its Subsidiaries for such period, plus (a) the following to the extent deducted in calculating Consolidated Net Income: (i) Consolidated Interest Charges, (ii) the provision for federal, state, local and foreign income taxes, (iii) depreciation and amortization expense and (iv) other non-recurring expenses reducing Consolidated Net Income which do not represent a cash item in such period or any future period (in each case of or by the Borrowers’ Representative and its Subsidiaries for such period), minus (b) the following to the extent included in calculating Consolidated Net Income: (i) federal, state, local and foreign income tax credits and (ii) all non-cash items increasing Consolidated Net Income (in each case of or by the Borrowers’ Representative and its Subsidiaries for such period), all as determined on a Consolidated basis in accordance with GAAP.

Consolidated Fixed Charge Coverage Ratio”: For any period, the ratio of (a) (i) Consolidated EBITDA for such period minus (ii) Capital Expenditures made during such period, minus (iii) the aggregate amount of federal, state, local and foreign income taxes paid in cash during such period to (b) Debt Service Charges during such period, in each case, of or by the Borrowers’ Representative and its Subsidiaries for such period, all as determined on a Consolidated basis in accordance with GAAP.

Consolidated Interest Charges”: For any period, the sum of (a) all interest, premium payments, debt discount, fees, charges and related expenses in connection with

 

-11-


borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP, including, without limitation, all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing and net costs under Hedge Agreements, but excluding any non-cash or deferred interest financing costs, and (b) the portion of rent expense with respect to such period under Capital Lease Obligations that is treated as interest in accordance with GAAP, in each case of or by the Borrowers’ Representative and its Subsidiaries for such period, all as determined on a Consolidated basis in accordance with GAAP.

Consolidated Net Income”: For any period, the net income of the Borrowers’ Representative and its Subsidiaries for such period, all as determined on a Consolidated basis in accordance with GAAP; provided, however, that there shall be excluded (a) the income (or loss) of such Person during such period in which any other Person has a joint interest, except to the extent of the amount of cash dividends or other distributions actually paid in cash to such Person during such period, (b) the income (or loss) of such Person during such period and accrued prior to the date it becomes a Subsidiary of a Person or any of such Person’s Subsidiaries or is merged into or consolidated with a Person or any of its Subsidiaries or that Person’s assets are acquired by such Person or any of its Subsidiaries, and (c) the income of any direct or indirect Subsidiary of a Person to the extent that the declaration or payment of dividends or similar distributions by that Subsidiary of that income is not at the time permitted by operation of the terms of its organizational documents or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary, except that the Borrowers’ Representative’s equity in any net loss of any such Subsidiary for such period shall be included in determining Consolidated Net Income.

Cost”: The lower of:

(a) the calculated cost of purchases, as determined from invoices received by CMRG Apparel its purchase journal or stock ledger, based upon its accounting practices, known to the Administrative Agent, which practices are in effect on the date on which this Agreement was executed; or

(b) the lowest ticketed or promoted price at which the subject inventory is offered to the public by any Loan Party, after all mark-downs (whether or not such price is then reflected on a Loan Party’s accounting system).

“Cost” does not include inventory capitalization costs or other non-purchase price charges used in a Loan Party’s calculation of cost of goods sold (other than freight, which may be capitalized consistent with GAAP and such Loan Party’s prior practices).

 

-12-


Costs of Collection”: Includes, without limitation, all reasonable attorneys’ fees and reasonable out-of-pocket expenses incurred by any Agent’s attorneys, and all reasonable out-of-pocket costs incurred by any Agent in the administration of the Liabilities and/or the Loan Documents, including, without limitation, reasonable costs and expenses associated with travel on behalf of any Agent, where such costs and expenses are directly or indirectly related to or in respect of any Agent’s: administration and management of the Liabilities; negotiation, documentation, and amendment of any Loan Document; or efforts to preserve, protect, collect, or enforce the Collateral, the Liabilities, and/or the Agents’ Rights and Remedies and/or any of the rights and remedies of any Agent against or in respect of any guarantor or other person liable in respect of the Liabilities (whether or not suit is instituted in connection with such efforts). “Costs of Collection” also includes the reasonable fees and expenses of Lenders’ Special Counsel. The Costs of Collection are Liabilities, and at the Administrative Agent’s option may bear interest at the then effective Base Margin Rate.

Credit Card Advance Rate”: 90%.

Credit Card Receivables”: Each Account, together with all income, payments and proceeds thereof, owed by (a) a major credit or debit card issuer (including, but not limited to, Visa, MasterCard and American Express and such other issuers approved by the Administrative Agent) and (b) any Person on account of any private label credit card receivables under programs between a Loan Party and a third party acceptable to the Administrative Agent) where the third party retains the consumer credit exposure to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

Customer Credit Liabilities”: Gift certificates, gift cards, customer deposits, merchandise credits, layaway obligations, discounts, credits and similar items earned by customers in respect of frequent shopping programs, and similar liabilities of any Loan Party to its retail customers and prospective customers.

DDA”: Any store level checking, demand daily depository account or other bank or like account maintained by any Loan Party for the purpose of depositing store receipts and paying de minimis store level expenses, including, on the date of this Agreement, the accounts listed on EXHIBIT 7.1 hereto, but excluding, however, any Exempt DDA.

Debt Service Charges”: For any period, the sum of (a) Consolidated Interest Charges paid or required to be paid for such period, plus (b) scheduled principal payments made or required to be made on account of Indebtedness (excluding the

 

-13-


Liabilities, but including, without limitation, Capital Lease Obligations) for such period, in each case determined on a Consolidated basis in accordance with GAAP.

Default”: Any occurrence, circumstance, or state of facts with respect to a Loan Party which (a) is an Event of Default; or (b) would become an Event of Default if any requisite notice were given and/or any requisite period of time were to run and such occurrence, circumstance, or state of facts were not cured within any applicable grace period.

Delinquent Revolving Credit Lender”: Defined in Section 12.3(c).

Deposit Account”: Has the meaning given that term in the UCC.

Deteriorating Revolving Credit Lender”: (a) Any Delinquent Revolving Credit Lender or (b) any Revolving Credit Lender (i) as to which the Issuer has a good faith belief that such Revolving Credit Lender has defaulted in fulfilling its obligations under one or more other syndicated credit facilities (unless such default arises as a result of a bona fide dispute being contested in good faith by such Revolving Credit Lender), or (ii) which has been deemed insolvent or become the subject of a proceeding under the Bankruptcy Code, or any federal, state or foreign bankruptcy, insolvency, receivership or similar law, or the assets or management of which have been taken over by any governmental authority, or (iii) as to which a Person that Controls such Revolving Credit Lender has been deemed insolvent or become the subject of a proceeding under the Bankruptcy Code, or any federal, state or foreign bankruptcy, insolvency, receivership or similar law, or the assets or management of which have been taken over by any governmental authority.

Documents”: Has the meaning given that term in the UCC.

Documents of Title”: Has the meaning given that term in the UCC.

Eligible Assignee”: With respect to an assignee of a Revolving Credit Lender: (a) a bank, insurance company, or company engaged in the business of making commercial loans having a combined capital and surplus in excess of $300 Million; or (b) a Revolving Credit Lender or any Affiliate of any Revolving Credit Lender; or (c) any Person to whom a Revolving Credit Lender assigns its rights and obligations under this Agreement as part of a programmed assignment and transfer of such Revolving Credit Lender’s rights in and to a material portion of such Revolving Credit Lender’s portfolio of asset based credit facilities; or (d) an Approved Fund.

Eligible Credit Card Receivables”: At the time of any determination thereof, each Credit Card Receivable that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Credit Card Receivable (i) has been earned by performance and represents the bona fide

 

-14-


amounts due to a Loan Party from a credit card payment processor and/or credit card issuer, and in each case originated in the ordinary course of business of such Loan Party, and (ii) in each case is acceptable to the Administrative Agent in its reasonable discretion, and is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of clauses (a) through (k) below. Without limiting the foregoing, to qualify as an Eligible Credit Card Receivable, an Account shall indicate no Person other than a Loan Party as payee or remittance party. In determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances (including any amount that a Loan Party may be obligated to rebate to a customer, a credit card payment processor, or credit card issuer pursuant to the terms of any agreement or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the Loan Parties to reduce the amount of such Credit Card Receivable. Except as otherwise agreed by the Administrative Agent, any Credit Card Receivable included within any of the following categories shall not constitute an Eligible Credit Card Receivable:

(a) Credit Card Receivables which do not constitute an “Account” (as defined in the UCC);

(b) Credit Card Receivables that have been outstanding for more than five (5) Business Days from the date of sale;

(c) Credit Card Receivables (i) that are not subject to a perfected first-priority security interest in favor of the Collateral Agent, or (ii) with respect to which a Loan Party does not have good, valid and marketable title thereto, free and clear of any Encumbrance (other than Encumbrances granted to the Collateral Agent pursuant to the Loan Documents);

(d) Credit Card Receivables which are disputed, are with recourse, or with respect to which a claim, counterclaim, offset or chargeback has been asserted (to the extent of such claim, counterclaim, offset or chargeback);

(e) Credit Card Receivables as to which the processor has the right under certain circumstances to require a Loan Party to repurchase the Accounts from such credit card processor;

(f) Credit Card Receivables due from an issuer or payment processor of the applicable credit card which is the subject of any bankruptcy or insolvency proceedings;

 

-15-


(g) Credit Card Receivables which are not a valid, legally enforceable obligation of the applicable issuer with respect thereto;

(h) Credit Card Receivables which do not conform to all representations, warranties or other provisions in the Loan Documents relating to Credit Card Receivables;

(i) Credit Card Receivables which are evidenced by “chattel paper” or an “instrument” of any kind unless such “chattel paper” or “instrument” is in the possession of the Collateral Agent, and to the extent necessary or appropriate, endorsed to the Collateral Agent; or

(j) Credit Card Receivables which the Administrative Agent determines in its reasonable discretion to be uncertain of collection or which do not meet such other reasonable eligibility criteria for Credit Card Receivables as the Administrative Agent may determine.

Eligible In-Transit Inventory”: “Eligible In-Transit Inventory” will be calculated at 80% of the Cost value of such of the Inventory of the Casual Male Companies and RBT (in each case, without duplication as to Eligible Inventory and Eligible L/C Inventory), in each case in which title has passed to a Loan Party and which is then being shipped from a foreign location for receipt, within 45 days, at a warehouse of one of the Loan Parties; provided that

(a) Such Inventory is of such types, character, qualities and quantities (net of Inventory Reserves) as the Administrative Agent in its reasonable discretion from time to time determines to be eligible for borrowing;

(b) If applicable, the documents which relate to such shipment names the Collateral Agent as consignee of the subject Inventory and the Collateral Agent has control over the documents which evidence ownership of the subject Inventory (such as by the providing to the Collateral Agent of a Customs Brokers Agreement in form reasonably satisfactory to the Collateral Agent); and

(c) The Collateral Agent has a first priority perfected security interest in such Inventory;

provided further that the Administrative Agent may, in its reasonable discretion, exclude any particular Inventory from the definition of “Eligible In-Transit Inventory” in the event that the Administrative Agent determines that such Inventory is subject to any Person’s right or claim which is (or is capable of being) senior to, or pari passu with, the Encumbrance of the Collateral Agent (such as, without limitation, a right of stoppage in transit) or may otherwise adversely impact the ability of the Collateral Agent to realize upon such Inventory.

 

-16-


Eligible Inventory”: The following (without duplication):

(a) Such of the Loan Parties’ Inventory, at such locations, and of such types, character, qualities and quantities, as the Administrative Agent, in its reasonable discretion from time to time determines to be acceptable for borrowing, as to which Inventory, the Collateral Agent has a perfected security interest which is prior and superior to all security interests, claims, and encumbrances.

(b) Eligible L/C Inventory.

(c) Eligible In-Transit Inventory.

Without limiting the foregoing, “Eligible Inventory” shall not include: (i) direct shipment Inventory; (ii) Inventory which cannot be sold including, without limitation, any non-merchandise inventory (such as labels, bags, and packaging materials, etc.); (iii) “dummy warehouse inventory”; (iv) damaged goods, return to vendor merchandise, packaways, samples and other similar categories; (v) Inventory that is leased by or is on consignment to a Loan Party or which is consigned by a Loan Party to a Person which is not a Loan Party; (vi) inventory which is the subject of a store closing, liquidation, going-out-of-business or similar sale, as to which in each case, any Loan Party has received an initial payment of the guaranteed price from the Person conducting the sale; and (vii) inventory in locations outside the United States or Canada (except for Eligible L/C Inventory) and in locations in the United States or Canada not under any Loan Party’s control (unless waivers acceptable to the Agents are obtained); provided, however, in no event shall Inventory in locations outside of the United States be Eligible Inventory unless the Agent (A) has a first priority perfected security interest in such Inventory, (B) has completed or received an appraisal of such Inventory from appraisers satisfactory to the Agent and such other due diligence as the Agent may require, all of the results of the foregoing to be reasonably satisfactory to the Agent, (C) has established applicable advance rates and Reserves in connection therewith, and (D) has otherwise determined in its reasonable discretion that such Inventory is eligible to be included in the Borrowing Base.

Eligible L/C Inventory”: “Eligible L/C Inventory” will be calculated at 85% of the Cost value of such of the Inventory of the Casual Male Companies and RBT (in each case, without duplication as to Eligible Inventory and Eligible In-Transit Inventory), in each case the purchase of which is supported by a documentary L/C then having an initial expiry of forty-five (45) or less days; provided that

(a) Such Inventory is of such types, character, qualities and quantities (net of Inventory Reserves) as the Administrative Agent in its reasonable discretion from time to time determines to be eligible for borrowing; and

 

-17-


(b) The documentary L/C supporting such purchase names the Collateral Agent as consignee of the subject Inventory and the Collateral Agent has control over the documents which evidence ownership of the subject Inventory (such as by the providing to the Collateral Agent of a Customs Brokers Agreement in form reasonably satisfactory to the Collateral Agent).

Employee Benefit Plan”: As defined in ERISA.

Encumbrance”: A Collateral Interest or agreement to create or grant a Collateral Interest; the interest of a lessor under a Capital Lease, conditional sale or other title retention agreement; sale of accounts receivable or chattel paper; or other arrangement pursuant to which any Person is entitled to any preference or priority with respect to the property or assets of another Person or the income or profits of such other Person; and each of the foregoing whether consensual or non-consensual and whether arising by way of agreement, operation of law, legal process or otherwise.

End Date”: The date upon which all of the following conditions are met: (a) all Liabilities (other than continuing representations, warranties and indemnity obligations) have been paid in full; (b) all obligations of any Revolving Credit Lender to make loans and advances and to provide other financial accommodations to the Borrowers hereunder shall have been irrevocably terminated; and (c) the arrangements regarding L/Cs described in Section 18.2(b) have been made.

Environmental Laws”: All of the following:

(a) Applicable Law which regulates or relates to, or imposes any standard of conduct or liability on account of or in respect to environmental protection matters, including, without limitation, Hazardous Materials, as are now or hereafter in effect.

(b) The common law relating to damage to Persons or property from Hazardous Materials.

Equipment”: Includes, without limitation, “equipment” as defined in the UCC, and also all furniture, store fixtures, motor vehicles, rolling stock, machinery, office equipment, plant equipment, tools, dies, molds, and other goods, property, and assets which are used and/or were purchased for use in the operation or furtherance of a Person’s business, and any and all accessions or additions thereto, and substitutions therefor.

ERISA”: The Employee Retirement Income Security Act of 1974, as amended.

ERISA Affiliate”: Any Person which is under common control with a Loan Party within the meaning of Section 4001 of ERISA or is part of a group which includes any Loan Party and which would be treated as a single employer under Section 414 of the Internal Revenue Code of 1986, as amended.

 

-18-


Events of Default”: Defined in Article 10. An “Event of Default” shall be deemed to have occurred and to be continuing unless and until that Event of Default has been duly waived by the requisite Revolving Credit Lenders or by the Administrative Agent, as applicable.

Excess Availability”: The result of (a) Availability minus (b) all then past due obligations of the Loan Parties including accounts payable which are beyond customary trade terms and rent obligations which are beyond applicable grace periods.

Executive Order”: Defined in Section 4.34.

Exempt DDA”: A depository account maintained by any Loan Party, the only contents of which may be transfers from the Operating Account and actually used solely (i) for petty cash purposes or (ii) for payroll.

Existing Loan Agreement”: Defined in the Preamble.

Farm Products”: Has the meaning given that term in the UCC.

Federal Funds Rate”: For any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of  1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent.

Fee Letter”: The letter dated as of September 28, 2010 between Borrowers’ Representative and the Administrative Agent, as such letter may from time to time be amended.

Fiscal”: When followed by “month” or “quarter”, it refers to the relevant fiscal period based on the Loan Parties’ fiscal year and accounting conventions (e.g. reference to the Loan Parties’ “Fiscal June 2010” is to the Loan Parties’ fiscal month of June in the calendar year 2010). When followed by reference to a specific year, it refers to the fiscal year which ends in a month of the year to which reference is being made (e.g. if the Loan Parties’ fiscal year ends in January 2011 reference to that year would be to the Loan Parties’ “Fiscal 2011”).

 

-19-


Fixtures”: Has the meaning given that term in the UCC.

Foreign Assets Control Regulations”: Defined in Section 4.34.

Fund”: Any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

GAAP”: Principles which are consistent with those promulgated or adopted by the Financial Accounting Standards Board and its predecessors (or successors) in effect and applicable to that accounting period in respect of which reference to GAAP is being made; provided, however, in the event of a Material Accounting Change, then unless otherwise specifically agreed to by the Administrative Agent, the Borrowers’ Representative shall include, with its monthly, quarterly, and annual financial statements a schedule, certified by the Borrowers’ Representative’s chief financial officer, on which the effect of such Material Accounting Change on that statement shall be described.

General Intangibles”: Includes, without limitation, “general intangibles” as defined in the UCC; and also all: rights to payment for credit extended; deposits; amounts due to any Person; credit memoranda in favor of any Person; warranty claims; tax refunds and abatements; insurance refunds and premium rebates; all means and vehicles of investment or hedging, including, without limitation, options, warrants, and futures contracts; records; customer lists; telephone numbers; goodwill; causes of action; judgments; payments under any settlement or other agreement; literary rights; rights to performance; royalties; license and/or franchise fees; rights of admission; licenses; franchises; license agreements, including all rights of any Person to enforce same; permits, certificates of convenience and necessity, and similar rights granted by any governmental authority; patents, patent applications, patents pending, and other intellectual property; internet addresses and domain names; developmental ideas and concepts; proprietary processes; blueprints, drawings, designs, diagrams, plans, reports, and charts; catalogs; manuals; technical data; computer software programs (including the source and object codes therefor), computer records, computer software, rights of access to computer record service bureaus, service bureau computer contracts, and computer data; tapes, disks, semi-conductors chips and printouts; trade secrets rights, copyrights, mask work rights and interests, and derivative works and interests; user, technical reference, and other manuals and materials; trade names, trademarks, service marks, and all goodwill relating thereto; applications for registration of the foregoing; and all other general intangible property of any Person in the nature of intellectual property; proposals; cost estimates, and reproductions on paper, or otherwise, of any and all concepts or ideas, and any matter related to, or connected with, the design, development, manufacture, sale, marketing, leasing, or use of any or all property produced, sold, or leased, by any or credit extended or services performed, by any Person, whether intended for an individual customer or the general business of any Person, or used or useful in connection with research by any Person.

 

-20-


Goods”: Has the meaning given that term in the UCC, and also includes all things movable when a Collateral Interest therein attaches and also all computer programs embedded in goods and any supporting information provided in connection with a transaction relating to the program if (i) the program is associated with the goods in such manner that it customarily is considered part of the goods or (ii) by becoming the owner of the goods, a Person acquires a right to use the program in connection with the goods.

Guarantor” and “Guarantors”: Each Person named on EXHIBIT 1.0(b) annexed hereto individually, and the Persons named on EXHIBIT 1.0(b) annexed hereto, collectively.

Guarantor Agreement”: Each instrument and document executed by a Guarantor of the Liabilities to evidence or secure the Guarantor’s guaranty thereof.

Guarantor Default”: Default or breach or the occurrence of any event of default under any Guarantor Agreement.

Hazardous Materials”: Any (a) substance which is defined or regulated as a hazardous material in or under any Environmental Law and (b) oil in any physical state.

Hedge Agreement”: Any and all transactions, agreements or documents now existing or hereafter entered into, which provides for an interest rate, credit, commodity or equity swap, cap, floor, collar, forward foreign exchange transaction, currency swap, cross currency rate swap, currency option, or any combination of, or option with respect to, these or similar transactions, for the purpose of hedging the Borrowers’ exposure to fluctuations in interest or exchange rates, loan, credit exchange, security or currency valuations or commodity prices and not for speculative purposes.

Hedge Exposure”: On any Business Day, the amount, if any, estimated by the Revolving Credit Lender or its Affiliate which is party to a Hedge Agreement with a Loan Party in good faith and in a commercially reasonable manner (for which calculations and computations will be provided to such Loan Party at its request) pursuant to methodology set forth in the applicable Hedge Agreement, which would be payable to such Revolving Credit Lender or its Affiliate if the Hedge Agreement were terminated as of such Business Day as a result of an event of default (as defined in the Hedge Agreement) with respect to the Loan Party and a payment were due thereunder to the Revolving Credit Lender or its Affiliate.

Increase Effective Date”: Defined in Section 2.24(d).

Indebtedness”: All indebtedness and obligations of or assumed by any Person on account of or with respect to any of the following:

(a) In respect of money borrowed (including any indebtedness which is non-recourse to the credit of such Person but which is secured by an Encumbrance on any asset of such Person) whether or not evidenced by a promissory note, bond, debenture or other written obligation to pay money.

 

-21-


(b) In connection with any letter of credit or acceptance transaction (including, without limitation, the face amount of all letters of credit and acceptances issued for the account of such Person or reimbursement on account of which such Person would be obligated).

(c) In connection with the sale or discount of accounts receivable or chattel paper of such Person.

(d) On account of deposits or advances (but not including any liabilities with respect to Customer Credit Liabilities including gift cards, gift certificates, merchandise credits and/or frequent shopper or other consumer loyalty programs).

(e) As lessee under Capital Leases.

(f) In connection with any sale and leaseback transaction.

“Indebtedness” of any Person also includes:

(x) Indebtedness of others secured by an Encumbrance on any asset of such Person, whether or not such Indebtedness is assumed by such Person.

(y) Any guaranty, endorsement, suretyship or other undertaking pursuant to which that Person may be liable on account of any obligation of any third party other than on account of the endorsement of checks and other items in the ordinary course.

(z) The Indebtedness of a partnership or joint venture for which such Person is liable as a general partner or joint venturer.

Indemnified Person”: Defined in Section 19.12.

Instruments”: Has the meaning given that term in the UCC.

Interest Payment Date”: With reference to:

Each Libor Loan: The last day of the Interest Period relating thereto (and on the last day of the third month for any such loan which has a six (6) month Interest Period); the Termination Date; and the End Date.

 

-22-


Each Base Margin Loan: The first day of each month; the Termination Date; and the End Date.

Interest Period”: The following:

(a) With respect to each Libor Loan: Subject to Subsection (c), below, the period commencing on the date of the making or continuation of, or conversion to, the subject Libor Loan and ending one, two, three or six months thereafter, and if available to all Revolving Credit Lenders, fourteen days thereafter, as the Borrowers’ Representative may elect by notice (pursuant to Section 2.6) to the Administrative Agent.

(b) With respect to each Base Margin Loan: Subject to Subsection (c), below, the period commencing on the date of the making or continuation of or conversion to such Base Margin Loan and ending on that date (i) as of which the subject Base Margin Loan is converted to a Libor Loan, as the Borrowers’ Representative may elect by notice (pursuant to Section 2.6) to the Administrative Agent, or (ii) on which the subject Base Margin Loan is paid by the Borrowers.

(c) The setting of Interest Periods is in all instances subject to the following:

(i) Any Interest Period for a Base Margin Loan which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day.

(ii) Any Interest Period for a Libor Loan which would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day, unless that succeeding Business Day is in the next calendar month, in which event such Interest Period shall end on the last Business Day of the month during which the Interest Period ends.

(iii) Subject to Subsection (iv), below, any Interest Period applicable to a Libor Loan, which Interest Period begins on a day for which there is no numerically corresponding day in the calendar month during which such Interest Period ends, shall end on the last Business Day of the month during which that Interest Period ends.

(iv) Any Interest Period which would otherwise end after the Termination Date shall end on the Termination Date.

 

-23-


(v) The number of Interest Periods in effect at any one time is subject to Section 2.12(d) hereof.

Inventory”: Includes, without limitation, “inventory” as defined in the UCC and also all: (a) Goods which are leased by a Person as lessor; are held by a Person for sale or lease or to be furnished under a contract of service; are furnished by a Person under a contract of service; or consist of raw materials, work in process, or materials used or consumed in a business; (b) Goods of said description in transit; (c) Goods of said description which are returned, repossessed and rejected; (d) packaging, advertising, and shipping materials related to any of the foregoing; (e) all names, marks, and General Intangibles affixed or to be affixed or associated thereto; and (f) Documents and Documents of Title which represent any of the foregoing.

Inventory Purchase Agreement”: The Inventory Purchase Agreement dated October 29, 2004 by and between CMRG Apparel and the other Loan Parties.

Inventory Reserves”: Such Reserves as may be established from time to time by the Administrative Agent in the Administrative Agent’s reasonable discretion with respect to the determination of the saleability, at retail, of the Eligible Inventory or which reflect such other factors affecting the market value of the Eligible Inventory. Without limiting the generality of the foregoing, Inventory Reserves may include (but are not limited to) reserves based on the following:

 

  (i) Obsolescence (based upon Inventory on hand beyond a given number of days).

 

  (ii) Seasonality.

 

  (iii) Shrinkage.

 

  (iv) Imbalance.

 

  (v) Change in Inventory character.

 

  (vi) Change in Inventory composition.

 

  (vii) Change in Inventory mix.

 

  (viii) Point of sale markdowns and, to the extent not reflected in permanent markdowns.

 

  (ix) Markups inconsistent with prior period practice and performance; industry standards; current business plans; or advertising calendar and planned advertising events.

 

  (x) Consigned Inventory.

 

-24-


Investment Property”: Has the meaning given that term in the UCC.

Issuer”: Bank of America, N.A. or any of its successors.

L/C”: Any letter of credit, the issuance of which is procured by the Administrative Agent for the account of any Borrower and any acceptance made on account of such letter of credit.

L/C Borrowing”: An extension of credit resulting from a drawing under any L/C which has not been reimbursed on the date when made or refinanced as a Revolving Credit Loan.

L/C Landing Costs”: To the extent not included in the Stated Amount of an L/C, customs, duty, freight, and other out-of-pocket costs and expenses which will be expended to “land” the Inventory, the purchase of which is supported by such L/C.

Lease”: Any lease or other agreement, no matter how styled or structured, pursuant to which a Loan Party is entitled to the use or occupancy of any space.

Leasehold Interest”: Any interest of a Loan Party as lessee under any Lease.

Lenders’ Special Counsel”: A single counsel selected by Revolving Credit Lenders holding more than 51% of the Revolving Credit Commitments (other than any Revolving Credit Dollar Commitments held by Delinquent Revolving Credit Lenders) following the occurrence of an Event of Default to represent their interests in connection with the enforcement, attempted enforcement, or preservation of any rights and remedies under this, or any other Loan Document.

Letter-of-Credit Right”: Has the meaning given that term in the UCC and also refers to any right to payment or performance under any letter of credit, whether or not the beneficiary has demanded or is at the time entitled to demand payment or performance.

Liabilities”: (a) Any and all direct and indirect liabilities, debts, and obligations of each Borrower to any Agent, any Revolving Credit Lender, or any other Secured Party, each of every kind, nature, and description owing on account of this Agreement or any other Loan Document, whether now existing or hereafter arising under this Agreement or under any of the other Loan Documents, including, without limitation, the following:

(i) Each obligation to repay any loan, advance, indebtedness, note, obligation, overdraft, or amount now or hereafter owing by any Borrower to any Agent, any Revolving Credit Lender or any other Secured Party (including all future advances whether or not made pursuant to a commitment by any Agent or any Revolving Credit Lender), whether or not any of such are liquidated, unliquidated, primary, secondary, secured,

 

-25-


unsecured, direct, indirect, absolute, contingent, or of any other type, nature, or description, or by reason of any cause of action which any Agent, any Revolving Credit Lender or any other Secured Party may hold against any Borrower.

(ii) All notes and other obligations of each Borrower now or hereafter assigned to or held by any Agent, any Revolving Credit Lender or any other Secured Party, each of every kind, nature, and description

(iii) All interest, fees, and charges and other amounts which may be charged by any Agent, any Revolving Credit Lender or any other Secured Party to any Borrower and/or which may be due from any Borrower to any Agent, any Revolving Credit Lender or any other Secured Party from time to time.

(iv) All costs and expenses incurred or paid by any Agent in respect of this Agreement or any other Loan Document (including, without limitation, Costs of Collection, reasonable attorneys’ fees, and all court and reasonable litigation costs and expenses).

(v) Any and all covenants of each Borrower to or with any Agent, any Revolving Credit Lender or any other Secured Party under this Agreement or any other Loan Document and any and all obligations of each Borrower to act or to refrain from acting in accordance with this Agreement or any other Loan Document or any instrument furnished by that Borrower to any Agent, any Revolving Credit Lender or any other Secured Party pursuant to this Agreement or any other Loan Document.

(vi) Each of the foregoing as if each reference to “any Agent, any Revolving Credit Lender or any other Secured Party” were to each Affiliate of each Agent, each Revolving Credit Lender and each other Secured Party.

(b) Any and all direct or indirect liabilities, debts, and obligations of each Borrower to any Agent, any Revolving Credit Lender or any other Secured Party or any Affiliate of any Agent, any Revolving Credit Lender or any other Secured Party, each of every kind, nature, and description owing on account of any service or accommodation provided to, or for the account of, any Borrower pursuant to this or any other Loan Document, including any Banking Services Obligations; provided, however, that the Banking Services Obligations shall be secured solely to the extent that there is sufficient Collateral following satisfaction of all other liabilities, debts, and obligations of each Borrower to any Agent, any Revolving Credit Lender and any other Secured Party described in clause (a) of this definition of Liabilities.

 

-26-


Libor Business Day”: Any day which is both a Business Day and a day on which the principal interbank market for Libor deposits in London in which Bank of America participates is open for dealings in United States Dollar deposits.

Libor Loan”: Any Revolving Credit Loan which bears interest at the Libor Rate.

Libor Margin”: As determined from the definition of Applicable Margin.

Libor Offer Rate”: For any Interest Period with respect to a Libor Loan, the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period. If such rate is not available at such time for any reason, then the “Libor Offer Rate” for such Interest Period shall be the rate per annum reasonably determined by the Administrative Agent in good faith to be the rate at which deposits in Dollars for delivery on the first day of such Interest Period in same day funds in the approximate amount of the Libor Loan being made, continued or converted by Bank of America and with a term equivalent to such Interest Period would be offered by Bank of America’s London Branch to major banks in the London interbank eurodollar market at their request at approximately 11:00 a.m. (London time) two (2) Business Days prior to the commencement of such Interest Period.

Libor Rate”: That per annum rate which is the aggregate of the Libor Offer Rate plus the Libor Margin except that, in the event that the Administrative Agent determines in good faith that any Revolving Credit Lender may be subject to the Reserve Percentage, the “Libor Rate” shall mean, with respect to any Libor Loans then outstanding (from the date on which that Reserve Percentage first became applicable to such loans), and with respect to all Libor Loans thereafter made so long as any Revolving Credit Lender is subject to the Reserve Percentage, an interest rate per annum equal the sum of (a) plus (b), where:

 

  (a) is the decimal equivalent of the following fraction:

 

  Libor Offer Rate        
  1 minus Reserve Percentage        

 

  (b) is the applicable Libor Margin.

Liquidation”: The exercise by the Collateral Agent of those rights accorded to the Collateral Agent under the Loan Documents as a creditor of the Loan Parties following and on account of the occurrence of an Event of Default looking towards the realization on the Collateral. Derivations of the word “Liquidation” (such as “Liquidate”) are used with like meaning in this Agreement.

 

-27-


Loan Account”: Defined in Section 2.9.

Loan Cap”: At any time of determination, the lesser of (a) the Revolving Credit Commitments at such time or (b) the Borrowing Base at such time.

Loan Documents”: This Agreement, each instrument and document executed as contemplated by the Existing Loan Agreement and by Article 4, below, and each other instrument or document from time to time executed and/or delivered in connection with the arrangements contemplated hereby or in connection with any transaction with any Agent, any Revolving Credit Lender or any other Secured Party or any Affiliate of any Agent, any Revolving Credit Lender or any other Secured Party which arises out of any Banking Services provided by any Agent, any Revolving Credit Lender or any other Secured Party or any Affiliate of any Agent, any Revolving Credit Lender or any other Secured Party, as each may be amended from time to time.

Loan Party and Loan Parties”: Each Borrower and each Guarantor.

Majority Revolving Credit Lenders”: Revolving Credit Lenders (other than Deteriorating Revolving Credit Lenders) holding 51% or more of the Revolving Credit Commitments (other than any Revolving Credit Dollar Commitment held by a Deteriorating Revolving Credit Lender).

Material Accounting Change”: Any change in GAAP applicable to accounting periods subsequent to the Loan Parties’ Fiscal year most recently completed prior to the execution of this Agreement, which change has a material effect on the Loan Parties’ Consolidated financial condition or operating results, as reflected on financial statements and reports prepared by or for the Loan Parties, when compared with such condition or results as if such change had not taken place or where preparation of the Loan Parties’ statements and reports in compliance with such change.

Maturity Date”: November 10, 2014.

Moody’s”: Moody’s Investors Service, Inc. and any successor thereto.

Nominee”: A business entity (such as a corporation or limited partnership) formed by the Collateral Agent to own or manage any Post Foreclosure Asset.

NonConsenting Revolving Credit Lender”: Defined in Section 15.6.

Operating Account”: Defined in Section 7.3.

OverLoan”: A loan, advance, or providing of credit support (such as the issuance of any L/C) to the extent that, immediately after its having been made, Availability is less than zero.

 

-28-


Participant”: Defined in Section 19.15 hereof.

Patriot Act”: Defined in Section 3.11.

Payment Conditions”: At the time of determination with respect to any specified transaction or payment that is subject to satisfaction of the Payment Conditions:

(a) no Default or Event of Default then exists or would arise as a result of entering into such transaction or making such payment;

(b) the Borrowers are in compliance with the Availability Condition; and

(c) the Consolidated Fixed Charge Coverage Ratio for each of the twelve (12) Fiscal months immediately preceding the date of such transaction or payment for which the Administrative Agent has received financial statements shall be equal to or greater than 1.00:1.00 after giving pro forma effect to such transaction or payment as if such transaction had been entered into or such payment had been made as of the first day of such twelve-month period; and

Prior to undertaking any transaction or payment which is subject to the Payment Conditions, the Borrowers’ Representative shall deliver to the Administrative Agent (i) a certificate signed by the Chief Executive Officer, President or Chief Financial Officer of the Borrowers’ Representative certifying that the conditions contained in clauses (a), (b) and (c) of the preceding sentence have been satisfied, and (ii) evidence of satisfaction of the conditions contained in clauses (b) and (c) above on a basis (including, without limitation, giving due consideration to results for prior Fiscal periods and giving effect to the proposed transaction or payment) reasonably satisfactory to the Administrative Agent.

Payment Intangible”: Has the meaning given that term in the UCC and also refers to any general intangible under which the Account Debtor’s primary obligation is a monetary obligation.

Permitted Acquisition”: An Acquisition complying with the following:

(a) Such Acquisition shall be of assets ancillary, incidental or necessary to the retail sale of apparel and related activities, or of 100% of the stock of a corporation whose assets consist substantially of such assets, or through the merger of such a corporation with a Loan Party (with a Loan Party as the surviving corporation), or with a Subsidiary of a Loan Party where, after giving effect to such merger, such corporation becomes a wholly-owned Subsidiary of a Loan Party;

(b) If such Acquisition includes the acquisition of assets by, or the merger of, a Loan Party, there shall have been no change in the identity of the president, chief financial officer or any executive vice president of such Loan Party as a consequence of such acquisition, or if

 

-29-


there has been such a change, the Administrative Agent shall have consented in writing to such change in identity within thirty (30) days thereafter (which consent shall not be unreasonably withheld or delayed); and

(c) If a new Subsidiary is formed or acquired as a result of such Acquisition, such Subsidiary shall execute documentation, reasonably satisfactory in form and substance to the Administrative Agent, guarantying payment and performance of the Liabilities and granting a first lien, subject only to Permitted Encumbrances, in its assets in favor of the Collateral Agent, for the ratable benefit of the Secured Parties.

Permitted Asset Disposition”: A sale or other disposition of the assets of any Loan Party in the ordinary course, so long as the following conditions are satisfied:

(a) The sale, liquidation or other disposition of Inventory at any locations from which a Loan Party determines to cease the conduct of its business, (i) shall be on terms satisfactory to the Administrative Agent and (ii) notwithstanding the Administrative Agent’s furnishing of any such consent, the Administrative Agent may, in the exercise of its reasonable discretion, impose Inventory Reserves as a result of the occurrence of any such sale, liquidation, or disposition;

(b) The aggregate of all such sales or other dispositions of the assets of any Loan Party shall not exceed (i) in any Fiscal year of the Loan Parties, ten percent (10%) of the value of all assets of the Loan Parties as of the beginning of such Fiscal year and (ii) in the aggregate from and after the Closing Date, thirty-five percent (35%) of the value of all assets of the Loan Parties as of the Closing Date;

(c) Each such sale or other disposition shall be for fair consideration in an arm’s length transaction; and

(d) On the date on which any sale or other disposition of assets is consummated, no Default shall have occurred and be continuing or will occur as a result of such consummation.

Permitted Encumbrances”: The following:

(a) Encumbrances described on EXHIBIT 1.1 hereto.

(b) Encumbrances on properties to secure taxes, assessments and other government charges or claims for labor, material or supplies in respect of obligations not then overdue; deposits or pledges made in connection with, or to secure payment of, workmen’s compensation, unemployment insurance, old age pensions or other social security

 

-30-


obligations; Encumbrances on property hereafter acquired (either in connection with purchase money encumbrances, rental purchase agreements, including Capital Leases, or conditional sale or other title retention agreements), which are restricted to the property so acquired and do not secure Indebtedness exceeding the fair value (at the time of acquisition) thereof; Encumbrances of carriers, warehousemen, mechanics and materialmen, and other like Encumbrances in existence less than 90 days from the date of creation thereof in respect of obligations not overdue; and Encumbrances on properties consisting of easements, rights of way, zoning restrictions, restrictions on the use of real property and defects and irregularities in the title thereto, landlord’s or lessor’s Encumbrances under leases to which any Loan Party is a party, and other minor Encumbrances or encumbrances none of which interferes materially with the use of the property affected in the ordinary conduct of the business of the Loan Parties, which defects do not individually or in the aggregate have a materially adverse effect on the business of any Loan Party individually or of the Loan Parties as a whole or which are being actively contested in good faith by appropriate proceedings as to which the Loan Parties have established reasonable reserves, it being understood, however, that the filing of a tax lien which includes any Inventory or Accounts does not constitute a “Permitted Encumbrance”, even if being so contested.

(c) Encumbrances on the BALC Equipment solely to the extent securing the BALC Indebtedness.

Permitted Indebtedness”: The following Indebtedness:

 

  (a) The Liabilities.

 

  (b) Capital Leases and purchase money Indebtedness secured by Permitted Encumbrances.

 

  (c) Unsecured Indebtedness assumed in connection with Permitted Acquisitions pursuant to Section 4.21 (it being understood that the principal amount so assumed shall be deemed part of the purchase price of any such Permitted Acquisition) and any refinancing or replacement thereof on terms and conditions (including, without limitation, interest rate and providing that, in any event, the principal amount thereof shall not exceed that outstanding on the date of refinance or replacement) at least as favorable as those being refinanced or replaced.

 

  (d) Intercompany Indebtedness permitted under Section 4.22.

 

-31-


 

  (e) Indebtedness arising from a guaranty by a Loan Party of the Indebtedness of a Borrower with respect to a Borrower’s ordinary course trade payables.

 

  (f) Indebtedness on account of the Canton Lease.

 

  (g) The BALC Indebtedness.

“Permitted Investments”: Any or all of the following:

(a) marketable direct full faith and credit obligations of, or marketable obligations guaranteed by, the United States of America; provided that such securities, as a group, may not, on the date of determination, have a remaining weighted average maturity of more than five years;

(b) marketable direct full faith and credit obligations of States of the United States or of political subdivisions or agencies; provided that such securities, as a group, may not, on the date of determination, have a remaining weighted average maturity of more than five years; and provided further that such obligations carry a rating of “A” or better by a Rating Service;

(c) certificates of deposit and bankers acceptances maturing within one year after the acquisition thereof issued by: (i) Bank of America; or (ii) any commercial bank organized under the laws of the United States of America or of any political subdivision thereof the long term obligations of which are rated “A” or better by a Rating Service;

(d) Eurodollar certificates of deposit maturing within one year after the acquisition thereof issued by any commercial bank having combined capital, surplus and undivided profits of at least $1 billion;

(e) tax-exempt bonds or notes which have a remaining maturity at the time of purchase of no more than five years issued by any State of the United States or the District of Columbia, or any political subdivision thereof; provided that such obligations carry a rating of “A” or better by a Rating Service;

(f) the Term Note made payable by LP Innovations Acquisition Corp. to LP Innovations, Inc. dated as of April 25, 2006 in the original principal amount of $2,200,000.00, which note is currently held by Canton PL liquidating Corp.;

(g) commercial paper issued by any Person organized under the laws of any state of the United States of America and rated at least “Prime-1” (or the then equivalent grade) by Moody’s or at least “A-1” (or the then equivalent grade) by S&P, in each case with maturities of not more than 180 days from the date of acquisition thereof;

 

-32-


(h) fully collateralized repurchase agreements with a term of not more than thirty (30) days for securities described in clause (a) above (without regard to the limitation on maturity contained in such clause) and entered into with a financial institution satisfying the criteria described in clause (c) above or with any primary dealer and having a market value at the time that such repurchase agreement is entered into of not less than 100% of the repurchase obligation of such counterparty entity with whom such repurchase agreement has been entered into;

(i) Investments, classified in accordance with GAAP as current assets of the Loan Parties, in any money market fund, mutual fund, or other investment companies that are registered under the Investment Company Act of 1940, as amended, which are administered by financial institutions that have the highest rating obtainable from either Moody’s or S&P, and which invest substantially in one or more of the types of securities described in clauses (a), (b), (c) or (g) above; and

(j) Investments in money market mutual funds consistent with SEC rule 2a-7 that are rated AAA by Moody’s or S&P and have minimum assets of at least $5 billion;

provided, however, that notwithstanding the foregoing, after the occurrence and during the continuance of a Cash Dominion Event, no such investments specified in clauses (a) through (e) and (g) through (i) shall be permitted unless (A) either (1) no loans or advances under the Revolving Credit Facility are then outstanding, or (2) the investment is a temporary investment pending expiration of an Interest Period for a Libor Loan, the proceeds of which investment will be applied to the Liabilities after the expiration of such Interest Period, and (B) such investments are pledged to the Collateral Agent as additional collateral for the Liabilities pursuant to such agreements as may be reasonably required by the Collateral Agent.

Permitted Minority Investment”: The Investment by a Loan Party in a joint venture or an Acquisition by a Loan Party of less than 100% of the equity interests of a Person, in each case whose assets are ancillary, incidental or necessary to the retail sale of apparel and related activities.

Permitted Protective OverAdvance”: Is defined in Section 2.2(c).

Permitted Repurchase”: The repurchase, repayment, redemption, or acquisition by the Borrowers of Casual Male’s capital stock, provided that the Borrowers are in compliance with the Payment Conditions.

 

-33-


Person”: Any natural person, and any corporation, limited liability company, trust, partnership, joint venture, or other enterprise or entity.

Post Foreclosure Asset”: All or any part of the Collateral, ownership of which is acquired by the Collateral Agent or a Nominee on account of the “bidding in” at a disposition as part of a Liquidation or by reason of a “deed in lieu” type of transaction.

Proceeds”: Includes, without limitation, “Proceeds” as defined in the UCC and each type of property described in Section 8.1 hereof.

Pro-Rata”: A proportional distribution based upon a Revolving Credit Lender’s percentage claim to the overall aggregate amount being distributed.

Protective OverAdvances”: Revolving Credit Loans which are OverLoans, but as to which each of the following conditions is satisfied: (a) the Revolving Credit Commitments are not exceeded; (b) when aggregated with all other Protective OverAdvances, such Revolving Credit Loans do not aggregate more than 5% of the aggregate of the Borrowing Base; and (c) such Revolving Credit Loans are made or undertaken in the Agents’ discretion to protect and preserve the interests of the Revolving Credit Lenders.

RBT”: Collectively, Casual Male RBT, LLC and Casual Male RBT (U.K.), LLC.

Receipts”: All cash, cash equivalents, money, checks, credit card slips, receipts and other Proceeds from any sale of the Collateral.

Register”: Is defined in Section 16.2(c).

Requirements of Law”: As to any Person: (a) Applicable Law; (b) that Person’s organizational documents; and (c) that Person’s by-laws and/or other instruments which deal with corporate or similar governance, as applicable.

Reserve Percentage”: The decimal equivalent of that rate applicable to any Revolving Credit Lender under regulations issued from time to time by the Board of Governors of the Federal Reserve System for determining the maximum reserve requirement of such Revolving Credit Lender with respect to “Eurocurrency liabilities” as defined in such regulations. The Reserve Percentage applicable to a particular Libor Loan shall be based upon that in effect during the subject Interest Period, with changes in the Reserve Percentage which take effect during such Interest Period to take effect (and to consequently change any interest rate determined with reference to the Reserve Percentage) if and when such change is applicable to such loans.

Reserves”: Availability Reserves and Inventory Reserves.

Revolving Credit Commitment Increase”: Defined in Section 2.24(a).

 

-34-


Revolving Credit Commitments”: The aggregate of each Revolving Credit Lender’s Revolving Credit Dollar Commitment, as such amount may be increased or reduced from time to time in accordance with the terms of this Agreement. The aggregate Revolving Credit Dollar Commitments as of the Closing Date is $75,000,000.00.

Revolving Credit Dollar Commitment”: As to each Revolving Credit Lender, the amount set forth on EXHIBIT 2.23, annexed hereto (as such amounts may change in accordance with the provisions of this Agreement).

Revolving Credit Facility”: Is defined in Section 2.1.

“Revolving Credit Fees”: The Unused Line Fee, Upfront Fees, fees for L/C’s which are specifically for the account of the Revolving Credit Lenders and all other fees (such as a fee (if any) on account of the execution of an amendment of a Loan Document) payable by any Borrower in respect of the Revolving Credit Loans other than any amount payable to an Agent as reimbursement for any cost or expense incurred by that Agent on account of the discharge of that Agent’s duties under the Loan Documents.

Revolving Credit Lenders”: Each Revolving Credit Lender to which reference is made in the Preamble and any other Person who becomes a “Revolving Credit Lender” in accordance with the provisions of this Agreement.

Revolving Credit Loans”: Loans made by the Revolving Credit Lenders under the Revolving Credit Facility.

Revolving Credit Note”: Is defined in Section 2.10.

Revolving Credit Percentage Commitment”: As to each Revolving Credit Lender, the amount set forth on EXHIBIT 2.23, annexed hereto (as such amounts may change in accordance with the provisions of this Agreement).

SEC”: The Securities and Exchange Commission.

Secured Parties”: Collectively, and each individually, the Revolving Credit Lenders, each Agent, the Issuer and each of their respective Affiliates.

S&P”: Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. and any successor thereto.

Solvent” and “Solvency”: With respect to any Person on a particular date, on such date: (a) the fair salable value of the assets of such Person is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person; and (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured; and (c) such Person

 

-35-


does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature; and (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital.

Stated Amount”: The maximum amount for which an L/C may be honored.

Store”: Each location at which a Loan Party regularly offers Inventory for sale to the public.

Subsidiary”: With respect to any Person, any corporation, partnership or other entity of which securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other Persons performing similar functions are at the time directly or indirectly owned by such Person.

Supporting Obligation”: Has the meaning given that term in UCC and also refers to a Letter-of-Credit Right or secondary obligation which supports the payment or performance of an Account, Chattel Paper, a Document, a General Intangible, an Instrument, or Investment Property.

SwingLine”: The facility pursuant to which the SwingLine Lender may advance Revolving Credit Loans aggregating up to the SwingLine Loan Ceiling.

SwingLine Lender”: Bank of America, N.A.

SwingLine Loan Ceiling”: $15,000,000.

SwingLine Loans”: Defined in Section 2.8.

SwingLine Note”: Defined in Section 2.8(c).

Termination Date”: The earliest of (a) the Maturity Date; or (b) the Administrative Agent’s notice to the Borrowers’ Representative setting the Termination Date on account of the occurrence of any Event of Default; or (c) a date, irrevocable written notice of which is provided by the Borrowers’ Representative to the Administrative Agent, which is at least ninety (90) days after the date of such written notice.

Trading with the Enemy Act”: Defined in Section 4.34.

Transfer”: Wire transfer pursuant to the wire transfer system maintained by the Board of Governors of the Federal Reserve Board, or as otherwise may be agreed to from time to time by the Administrative Agent making such Transfer and the subject Revolving Credit Lender. Wire instructions may be changed in the same manner that Notice Addresses may be changed (Section 17.1), except that no change of the wire instructions for Transfers to any Revolving Credit Lender shall be effective without the consent of the Administrative Agent.

 

-36-


Type”: As to any Revolving Credit Loan, its nature as a Base Margin Loan or a LIBOR Rate Loan.

UCC”: The Uniform Commercial Code as in effect from time to time in Massachusetts.

Unanimous Consent”: Written Consent of Revolving Credit Lenders (other than Deteriorating Revolving Credit Lenders) holding 100% of the Revolving Credit Commitments (other than any Revolving Credit Dollar Commitment held by a Deteriorating Revolving Credit Lender).

Unused Line Fee”: Defined in Section 2.16.

Upfront Fees”: Defined in Section 2.14.

ARTICLE 2 - COMMITMENTS AND CREDIT EXTENSIONS:

2.1. ESTABLISHMENT OF REVOLVING CREDIT FACILITY.

(a) The Revolving Credit Lenders hereby establish the revolving line of credit (the “Revolving Credit Facility”) in the Borrowers’ favor pursuant to which each Revolving Credit Lender, subject to, and in accordance with, this Agreement, acting through the Administrative Agent, shall make loans and advances and otherwise provide financial accommodations to and for the account of the Borrowers as provided herein.

(b) Loans, advances, and financial accommodations under the Revolving Credit Facility shall be subject to Availability. The Borrowing Base and Availability shall be determined by the Administrative Agent by reference to Borrowing Base Certificates furnished as provided in Section 5.4, below, and shall be subject to the following:

(i) Such determination shall take into account such Reserves as the Administrative Agent may determine as being applicable thereto.

(ii) The Cost of Eligible Inventory will be calculated in a manner consistent with current tracking practices, based on stock ledger inventory at Cost.

(c) The commitment of each Revolving Credit Lender to provide such loans, advances, and financial accommodations is subject to Section 2.23.

(d) The proceeds of borrowings under the Revolving Credit Facility shall be used solely as follows:

 

  (i) For the Borrowers’ working capital needs and general corporate purposes.

 

-37-


 

  (ii) For advances by the Borrowers to Guarantors to finance the purchases by Guarantors of Inventory pursuant to the Inventory Purchase Agreement and to permit such Guarantors to pay ordinary course operating expenses (including, without limitation, rent, utilities and taxes).

 

  (iii) For Capital Expenditures to the extent permitted by this Agreement.

 

  (iv) For Permitted Repurchases and Permitted Acquisitions in accordance with the terms and conditions of this Agreement.

2.2. ADVANCES IN EXCESS OF BORROWING BASE (OVERLOANS).

(a) Except as otherwise provided in Section 2.2(c), no Revolving Credit Lender has any obligation to make any loan or advance, or otherwise to provide any credit to or for the benefit of the Borrowers where the result of such loan, advance, or credit is an OverLoan.

(b) The Revolving Credit Lenders’ obligations, among themselves, are subject to Section 12.3(a) (which relates to each Revolving Credit Lender’s making amounts available to the Administrative Agent).

(c) The Revolving Credit Lenders agree that any loan or advance under the Revolving Credit Facility which results in a Protective OverAdvance may be made by the Administrative Agent in its discretion without the Consent of the Revolving Credit Lenders and that each Revolving Credit Lender shall be bound thereby; provided, however, the Consent or direction of the Majority Revolving Credit Lenders is required to permit a Protective OverAdvance to be outstanding for more than 45 consecutive Business Days or more than twice in any twelve month period. (Any Protective OverAdvance which is permitted by this Section 2.2(c) is referred to as a “Permitted Protective OverAdvance”).

(d) The Revolving Credit Lenders’ providing of an OverLoan on any one occasion does not affect the obligations of each Borrower hereunder (including each Borrower’s obligation to immediately repay any amount which otherwise constitutes an OverLoan) nor obligate the Revolving Credit Lenders to do so on any other occasion.

2.3. INITIAL RESERVES. CHANGES TO RESERVES.

(a) At the execution of this Agreement, the only Reserves are as reflected on the Borrowing Base Certificate, a specimen of which is annexed hereto as EXHIBIT 5.4.

(b) The Administrative Agent shall provide not less than seven (7) days prior notice to the Borrowers’ Representative of the establishment of any Reserve (other than those established at the execution of this Agreement), except that the following may be undertaken without such prior notice:

(i) a change to the amount of a then existing Reserve (as distinguished from a change by which such Reserve is measured or determined), which change reflects the Administrative Agent’s reasonable determination of changed circumstances (e.g. the amount of the Reserve for Customer Credit Liabilities will change based on the aggregate of Customer Credit Liabilities at any one time);

 

-38-


(ii) the creation of, or a change to an existing, Reserve on account of circumstances which the Administrative Agent determines as having a material adverse change on the maintenance of loan to collateral values; and

(iii) the creation of, or a change to an existing, Reserve after the occurrence and during the continuance of a Default or an Event of Default.

2.4. RISKS OF VALUE OF COLLATERAL. The Administrative Agent’s reference to a given asset in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit Facility and/or the monitoring of compliance with the provisions hereof shall not be deemed a determination by the Administrative Agent or any Revolving Credit Lender relative to the actual value of the asset in question. All risks concerning the value of the Collateral are and remain upon the Borrowers. All Collateral secures the prompt, punctual, and faithful performance of the Liabilities whether or not relied upon by the Administrative Agent in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit Facility.

2.5. COMMITMENT TO MAKE REVOLVING CREDIT LOANS AND SUPPORT LETTERS OF CREDIT. Subject to the provisions of this Agreement, the Revolving Credit Lenders shall make a loan or advance under the Revolving Credit Facility and the Administrative Agent shall cause L/C’s to be issued for the account of the Borrowers’ Representative, in each instance if duly and timely requested by the Borrowers’ Representative as provided herein, provided that:

(a) Except as otherwise provided in Section 2.2(c), no OverLoan is then outstanding and none will result therefrom.

(b) No Default has occurred and is continuing or will occur as a result of the borrowing of such loan or advance or the issuance of such L/C.

2.6. LOAN REQUESTS.

(a) Requests for loans and advances under this Agreement or for the continuance or conversion of an interest rate applicable to a Revolving Credit Loan may be requested by the Borrowers’ Representative in such manner as may from time to time be reasonably acceptable to the Administrative Agent.

 

-39-


(b) Subject to the provisions of this Agreement, the Borrowers’ Representative may request a Revolving Credit Loan and elect an interest rate and Interest Period to be applicable to that Revolving Credit Loan by giving notice to the Administrative Agent by no later than the following:

(i) If such Revolving Credit Loan is to be or is to be converted to a Base Margin Loan: By 1:00 PM on the Business Day prior to the Business Day on which the subject Revolving Credit Loan is to be made or is to be so converted. Base Margin Loans requested by the Borrowers’ Representative, other than those resulting from the conversion of a Libor Loan, shall not be less than $100,000.00.

(ii) If such Revolving Credit Loan is to be, or is to be continued as, or converted to, a Libor Loan: By 1:00 PM three (3) Libor Business Days before the commencement of any new Interest Period or the end of the then applicable Interest Period. Libor Loans and conversions to Libor Loans shall each be not less than $1,000,000.00 and in increments of $100,000.00 in excess of such minimum.

(iii) Any Libor Loan which matures while a Default has occurred and is continuing shall be converted, at the option of the Administrative Agent, to a Base Margin Loan notwithstanding any notice from the Borrowers’ Representative that such Revolving Credit Loan is to be continued as a Libor Loan.

(c) Any request for a Revolving Credit Loan or for the continuance or conversion of an interest rate applicable to a Revolving Credit Loan which is made after the applicable deadline therefore, as set forth above, shall be deemed to have been made at the opening of business on the then next Business Day or Libor Business Day, as applicable. Each request for a Revolving Credit Loan or for the conversion of a Revolving Credit Loan shall be made in such manner as may from time to time be acceptable to the Administrative Agent.

(d) The Borrowers’ Representative may request that the Administrative Agent cause the issuance by the Issuer of L/C’s for the account of a Borrower as provided in Section 2.18.

(e) The Administrative Agent may rely on any request for a loan or advance, or other financial accommodation under the Agreement which the Administrative Agent, in good faith, believes to have been made by a Person duly authorized to act on behalf of the Borrowers’ Representative and may decline to make any such requested loan or advance, or issuance, or to provide any such financial accommodation pending the Administrative Agent’s being furnished with such documentation concerning that Person’s authority to act as reasonably may be satisfactory to the Administrative Agent.

(f) A request by the Borrowers’ Representative for a loan or advance, or other financial accommodation under this Agreement shall be irrevocable and shall constitute certification by each Borrower that as of the date of such request, each of the following is true and correct:

(i) There has been no material adverse change in the Loan Parties’ financial condition (taken as a whole) from the most recent financial information furnished Administrative Agent or any Revolving Credit Lender pursuant to this Agreement.

 

-40-


(ii) Each representation, not relating to a specific date, which is made herein or in any of the Loan Documents is then true and correct in all material respects as of and as if made on the date of such request, except (A) to the extent of changes resulting from transactions contemplated or permitted by this Agreement or the other Loan Documents and changes occurring in the ordinary course of business which singly or in the aggregate are not materially adverse, (B) to the extent that such representations and warranties expressly relate to a then earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date, and (C) in the case of any such representations and warranties that are qualified by materiality, such representations and warranties shall be true and correct in all respects.

(iii) Unless accompanied by the Certificate of the Borrowers’ Representative’s Chief Executive Officer, President, or Chief Financial Officer describing (in reasonable detail) the facts and circumstances thereof and the steps (if any) being taken to remedy such condition, no Default has occurred and is continuing.

(g) If, at any time or from time to time, a Default shall occur:

(i) The Administrative Agent may suspend the Borrowers right to request Revolving Credit Loans, SwingLine Loans, or L/Cs immediately, in which event, neither the Administrative Agent nor any Revolving Credit Lender shall be obligated during such suspension, to make any loan or advance, or to provide any financial accommodation hereunder or to seek the issuance of any L/C.

(ii) The Administrative Agent may suspend the right of the Borrowers’ Representative to request any Libor Loan or to convert any Base Margin Loan to a Libor Loan.

2.7. MAKING OF REVOLVING CREDIT LOANS.

(a) A loan or advance under this Agreement shall be made by the transfer of the proceeds of such loan or advance to the Operating Account or as otherwise instructed by the Borrowers’ Representative.

(b) A loan or advance shall be deemed to have been made under this Agreement (and the Borrowers shall be indebted to the Administrative Agent and the Revolving Credit Lenders for the amount thereof immediately) at the following:

(i) The Administrative Agent’s initiation of the transfer of the proceeds of such loan or advance in accordance with the Borrowers’ Representative’s instructions (if such loan or advance is of funds requested by the Borrowers’ Representative).

 

-41-


(ii) The charging of the amount of such loan to the Loan Account (in all other circumstances).

(c) There shall not be any recourse to or liability of any Agent or any Revolving Credit Lender on account of:

(i) Any delay, beyond the reasonable control of the Agents and the Revolving Credit Lenders, in the making of any loan or advance requested under this Agreement.

(ii) Any delay, beyond the reasonable control of the Agents and the Revolving Credit Lenders, by any bank or other depository institution in treating the proceeds of any such loan or advance as collected funds.

(iii) Any delay in the receipt, and/or any loss, of funds which constitute a loan or advance under this Agreement, the wire transfer of which was properly initiated by the Administrative Agent in accordance with wire instructions provided to the Administrative Agent by the Borrowers’ Representative.

2.8. SWINGLINE LOANS.

(a) For ease of administration, Base Margin Loans may be made by the SwingLine Lender in its sole discretion (in the aggregate, the “SwingLine Loans”) in accordance with the procedures set forth in this Agreement for the making of loans and advances under the Revolving Credit Facility. The unpaid principal balance of the SwingLine Loans shall not at any one time be in excess of the SwingLine Loan Ceiling.

(b) The aggregate unpaid principal balance of SwingLine Loans shall bear interest at the rate applicable to Base Margin Loans and shall be repayable as a Revolving Credit Loan.

(c) The SwingLine Lender may request that the Borrowers’ obligation to repay SwingLine Loans shall be evidenced by a promissory note (the “SwingLine Note”) in the form of EXHIBIT 2.8, annexed hereto, executed by the Borrowers, and payable to the SwingLine Lender. Neither the original nor a copy of that SwingLine Note shall be required, however, to establish or prove any Liability. The Borrowers shall execute a replacement of any SwingLine Note which has been lost, mutilated, or destroyed thereof and deliver such replacement to the SwingLine Lender.

(d) For all purposes of this Loan Agreement, the SwingLine Loans and the Borrowers’ obligations to the SwingLine Lender constitute Revolving Credit Loans and are secured as “Liabilities”.

(e) SwingLine Loans may be subject to periodic settlement with the Revolving Credit Lenders as provided in this Agreement.

 

-42-


2.9. THE LOAN ACCOUNT.

(a) An account (“Loan Account”) shall be opened on the books of the Administrative Agent in which a record shall be kept of all loans and advances made under the Revolving Credit Facility.

(b) The Administrative Agent shall also keep a record (either in the Loan Account or elsewhere, as the Administrative Agent may from time to time elect) of all interest, fees, service charges, costs, expenses, and other debits owed to the Administrative Agent and each Revolving Credit Lender on account of Revolving Credit Loans and L/Cs and of all credits against such amounts so owed.

(c) All credits against the Liabilities shall be conditional upon final payment to the Administrative Agent for the account of each Revolving Credit Lender of the items giving rise to such credits. The amount of any item credited against the Liabilities which is charged back against the Administrative Agent or any Revolving Credit Lender for any reason or is not so paid shall be a Liability and, if arising under the Revolving Credit Facility, shall be added to the Loan Account, whether or not the item so charged back or not so paid is returned.

(d) Except as otherwise provided herein, all fees, service charges, costs, and expenses for which any Borrower is obligated hereunder are payable on demand. In the determination of Availability, the Administrative Agent may deem fees, service charges, accrued interest, and other payments which will be due and payable between the date of such determination and the first day of the then next succeeding month as having been advanced under the Revolving Credit Facility whether or not such amounts are then due and payable.

(e) The Administrative Agent, without the request of the Borrowers’ Representative, may advance under the Revolving Credit Facility any interest, fee, service charge, or other payment to which any Agent or any Revolving Credit Lender is entitled from any Borrower pursuant hereto and may charge the same to the Loan Account notwithstanding that an OverLoan may result thereby. Such action on the part of the Administrative Agent shall not constitute a waiver of the Administrative Agent’s rights and each Borrower’s obligations under Section 2.11(b). Any amount which is added to the principal balance of the Loan Account as provided in this Section 2.9(e) shall bear interest at the interest rate then and thereafter applicable to Base Margin Loans.

(f) In the absence of manifest error, a statement rendered by the Administrative Agent or any Revolving Credit Lender to the Borrowers’ Representative concerning the Liabilities shall be considered correct and accepted by each Borrower and shall be conclusively binding upon each Borrower unless the Borrowers’ Representative provides the Administrative Agent with written objection thereto within thirty (30) days from the mailing of such statement, which written objection shall indicate, with particularity, the reason for such objection. In the absence of manifest error, the Loan Account and the Administrative Agent’s books and records concerning the loan arrangement contemplated herein and the Liabilities shall be prima facie evidence and proof of the items described therein.

 

-43-


2.10. THE REVOLVING CREDIT NOTES. The Borrowers’ obligation to repay Revolving Credit Loans with interest as provided herein, shall be evidenced by notes (each, a “Revolving Credit Note”) in the form of EXHIBIT 2.10, annexed hereto, executed by each Borrower, one payable to each Revolving Credit Lender. Neither the original nor a copy of any Revolving Credit Note shall be required, however, to establish or prove any Liability. Upon the Borrowers’ Representative’s being provided with an affidavit from the Administrative Agent to the effect that any Revolving Credit Note has been lost, mutilated, or destroyed, the Borrowers shall execute a replacement thereof and deliver such replacement to the Administrative Agent.

2.11. PAYMENT OF THE LOAN ACCOUNT.

(a) The Borrowers may repay all or any portion of the principal balance of the Loan Account from time to time until the Termination Date. Unless the Borrowers’ Representative otherwise advises the Administrative Agent, such payments shall be applied first to Base Margin Loans and only then to Libor Loans. All payments by the Borrowers hereunder shall be made to the Administrative Agent, for the account of the respective Revolving Credit Lenders to which such payment is owed, at the Administrative Agent’s office in Dollars and in immediately available funds.

(b) The Borrowers, without notice or demand from the Administrative Agent or any Revolving Credit Lender, shall pay the Administrative Agent that amount, from time to time, which is necessary so that there is no OverLoan outstanding.

(c) The Borrowers shall repay the then entire unpaid balance of the Loan Account and all other Liabilities on the Termination Date.

(d) The Administrative Agent shall endeavor to cause the application of payments (if any), pursuant to Sections 2.11(a) and 2.11(b) against Libor Loans then outstanding in such manner as results in the least cost to the Borrowers, but shall not have any affirmative obligation to do so nor liability on account of the Administrative Agent’s failure to have done so. In no event shall action or inaction taken by the Administrative Agent excuse any Borrower from any indemnification obligation under Section 2.11(e).

(e) The Borrowers shall indemnify the Administrative Agent and each Revolving Credit Lender and hold the Administrative Agent and each Revolving Credit Lender harmless from and against any loss, cost or expense (including loss of anticipated profits and amounts payable by the Administrative Agent or such Revolving Credit Lender on account of “breakage fees” (so-called)) which the Administrative Agent or such Revolving Credit Lender may sustain or incur (including, without limitation, by virtue of acceleration after the occurrence of any Event of Default) as a consequence of the following:

(i) Default by any Borrower in payment of the principal amount of or any interest on any Libor Loan as and when due and payable, including any such loss or expense arising from interest or fees payable by such Revolving Credit Lender in order to maintain its Libor Loans.

 

-44-


(ii) Default by any Borrower in making a borrowing or conversion after the Borrowers’ Representative has given (or is deemed to have given) a request for a Revolving Credit Loan or a request to convert a Revolving Credit Loan from one applicable interest rate to another.

(iii) The making of any payment on a Libor Loan or the making of any conversion of any such Libor Loan to a Base Margin Loan on a day that is not the last day of the applicable Interest Period with respect thereto.

2.12. INTEREST ON REVOLVING CREDIT LOANS.

(a) Each Revolving Credit Loan shall bear interest at the Base Margin Rate unless timely notice is given (as provided in Section 2.6) that the subject Revolving Credit Loan (or a portion thereof) is, or is to be converted to, a Libor Loan.

(b) Each Revolving Credit Loan which consists of a Libor Loan shall bear interest at the applicable Libor Rate.

(c) Subject to, and in accordance with, the provisions of this Agreement, the Borrowers’ Representative may cause all or a part of the unpaid principal balance of the Loan Account to bear interest at the Base Margin Rate or the Libor Rate as specified from time to time by notice to the Administrative Agent. For ease of reference and administration, each part of the Loan Account which bears interest at the same interest and for the same Interest Period is referred to herein as if it were a separate “Revolving Credit Loan”.

(d) The Borrowers’ Representative shall not select, renew, or convert any interest rate for a Revolving Credit Loan such that, in addition to interest at the Base Margin Rate, there are more than seven (7) Libor Rates applicable to the Revolving Credit Loans at any one time.

(e) The Borrowers shall pay accrued and unpaid interest on each Revolving Credit Loan in arrears as follows:

(i) On the applicable Interest Payment Date for that Revolving Credit Loan.

(ii) On the Termination Date and on the End Date.

(iii) Following the occurrence of any Event of Default, with such frequency as may be determined by the Administrative Agent.

(f) Following the occurrence of any Event of Default (and whether or not the Administrative Agent exercises the Administrative Agent’s rights on account thereof), all Revolving Credit Loans shall bear interest, at the option of the Administrative Agent or at the instruction of the Majority Revolving Credit Lenders, at a rate which is the aggregate of the rate applicable to Base Margin Loans plus three percent (3%) per annum.

 

-45-


2.13. ARRANGEMENT FEE.

In consideration of the Agent and Bank of America Securities LLC (“BAS”) having arranged the Revolving Credit Facility for the Borrowers, there has been earned by BAS and the Borrowers shall pay the “Arrangement Fee” to BAS in the amount and payable as provided in the Fee Letter.

2.14. UPFRONT FEES. In consideration of the commitment to make loans and advances to the Borrowers under this Agreement, and to maintain sufficient funds available for such purpose, there has been earned by the Revolving Credit Lenders, and the Borrowers shall pay, the “Upfront Fees” (so referred to herein) to the Administrative Agent on behalf of the Revolving Credit Lenders in the amount and as payable as provided in the Fee Letter.

2.15. ADMINISTRATIVE AGENTS FEE. In addition to any other fee or expense to be paid by the Borrowers on account of the Revolving Credit Facility, the Borrowers shall pay the Administrative Agent the “Agent’s Fee” at the times and in the amounts as set forth in the Fee Letter.

2.16. UNUSED LINE FEE. In addition to any other fee to be paid by the Borrowers on account of the Revolving Credit Facility, the Borrowers shall pay the Administrative Agent (i) the “Unused Line Fee” (so referred to herein) of 0.375% per annum of the average difference, during the quarter just ended (or relevant period with respect to the payment being made on the Termination Date) between the Revolving Credit Commitments and the aggregate of the unpaid principal balance of the Revolving Credit Loans and the undrawn Stated Amount of L/C’s outstanding during the relevant period. The Unused Line Fee shall be paid in arrears, on the first day of each quarter after the execution of this Agreement and on the Termination Date.

2.17. AGENTSAND REVOLVING CREDIT LENDERS’ DISCRETION.

(a) Each reference in the Loan Documents to the exercise of discretion, reasonable discretion, or the like by any Agent or any Revolving Credit Lender shall be to such Person’s reasonable exercise of its judgment, in good faith (which shall be rebuttably presumed), based upon such Person’s consideration of any such factors as that Agent or that Revolving Credit Lender, taking into account information of which that Person then has actual knowledge, reasonably believes:

(i) Will or reasonably could be expected to affect, in more than a de minimis manner, the value of the Collateral, the enforceability of the Collateral Agent’s Collateral Interests therein, or the amount which the Collateral Agent would likely realize therefrom (taking into account delays which may possibly be encountered in the Collateral Agent’s realizing upon the Collateral and likely Costs of Collection).

 

-46-


(ii) Indicates that any report or financial information delivered to any Agent or any Revolving Credit Lender by or on behalf of any Loan Party is incomplete, inaccurate, or misleading in any material manner or was not prepared in accordance with the requirements of this Agreement.

(iii) That a Default has occurred and is continuing.

(b) In the exercise of such judgment, each Agent or each Revolving Credit Lender reasonably also may take into account any of the following factors:

(i) Those included in, or tested by, the definitions of “Eligible Accounts” and “Eligible Inventory”.

(ii) The current financial and business climate of the industry in which each Loan Party competes (having regard for that Loan Party’s position in that industry).

(iii) General macroeconomic conditions which have a material effect on the Loan Parties’ cost structure.

(iv) Material changes in or to the mix of the Borrowers’ Inventory.

(v) Seasonality with respect to the Borrowers’ Inventory and patterns of retail sales.

(vi) Such other factors as each Agent and each Revolving Credit Lender reasonably determine as having a material bearing on credit risks associated with the providing of loans and financial accommodations to the Borrowers.

(c) The burden of establishing the failure of any Agent or any Revolving Credit Lender to have acted in a reasonable manner in such Person’s exercise of such discretion shall be the Loan Parties’ and may be made only by clear and convincing evidence.

2.18. PROCEDURES FOR ISSUANCE OF L/C’S.

(a) The Borrowers’ Representative may request that the Administrative Agent cause the issuance by the Issuer of L/C’s for the account of a Borrower. Each such request shall be in such manner as may from time to time be reasonably acceptable to the Administrative Agent.

(b) The Administrative Agent will endeavor to cause the issuance of any L/C so requested by the Borrowers’ Representative, provided that, at the time that the request is made, the Revolving Credit Facility has not been suspended as provided in Section 2.6(g) and if so issued:

(i) The aggregate Stated Amount of all L/C’s then outstanding, does not exceed $20,000,000.

 

-47-


(ii) The expiry of the L/C is not later than the earlier of thirty (30) days prior to the Maturity Date or the following:

(A) Standby’s: One (1) year from initial issuance or such later date as may be agreed to by the Issuer.

(B) Documentaries: one hundred (100) days from issuance or such later date as may be agreed to by the Issuer.

(iii) If the expiry of an L/C is later than the Maturity Date, it is 103% cash collateralized at its issuance.

(iv) An OverLoan will not result from the issuance of the subject L/C.

(c) Each Borrower shall execute such documentation to apply for and support the issuance of an L/C as may be required by the Issuer.

(d) The Issuer shall not be under any obligation to issue any L/C if any Revolving Credit Lender is at such time a Deteriorating Revolving Credit Lender hereunder, unless the Issuer has entered into satisfactory arrangements with the Borrowers or such Deteriorating Revolving Credit Lender to eliminate the Issuer’s risk of full reimbursement with respect to such L/C (it being agreed that this requirement shall have been satisfied if the Borrowers or such Deteriorating Revolving Credit Lender has pledged and deposited with or delivered to the Administrative Agent, for the benefit of the Issuer and the Revolving Credit Lenders, cash collateral in an amount equal to 100% of such Deteriorating Revolving Credit Lender’s Revolving Credit Percentage Commitment of the aggregate Stated Amount of L/Cs outstanding from time to time, such cash collateral to be held by the Administrative Agent in accordance with the terms of Section 12.3(c)(ii)).

(e) There shall not be any recourse to, nor liability of, any Agent or any Revolving Credit Lender on account of:

(i) Any delay or refusal by an Issuer to issue an L/C;

(ii) Any action or inaction of an Issuer on account of or in respect to, any L/C except where there is a specific finding in a judicial proceeding (in which the Administrative Agent has had an opportunity to be heard), from which finding no further appeal is available, that the subject action or omission to act had been in actual bad faith or grossly negligent or constituted willful misconduct.

(f) The Borrowers shall reimburse the Issuer for the amount of any honoring of a drawing under an L/C on the same day on which such honoring takes place. The Administrative Agent, without the request of any Borrower, may make Revolving Credit Loans (and charge the Loan Account) for the amount of any honoring of any L/C and other amount for which any Borrower, the Issuer, or the Revolving Credit Lenders become obligated on account of, or in respect to, any L/C. Such advance shall be made whether or not any Default has occurred and is continuing or such advance would result in an OverLoan. Such action shall not constitute a waiver of the Borrowers’ obligations under Section 2.11(b) hereof.

 

-48-


2.19. FEES FOR L/C’S.

(a) The Borrowers shall pay to the Administrative Agent the following per annum fees on account of L/C’s, the issuance of which had been procured by the Administrative Agent, quarterly in arrears, and on the Termination Date and on the End Date based on the weighted average Stated Amount of L/C’s outstanding during the period in respect of which such fee is being paid; provided that, following the occurrence and during the continuance of any Event of Default (and whether or not the Administrative Agent exercises the Administrative Agent’s rights on account thereof), such fees, at the option of the Administrative Agent or the direction of the Majority Revolving Credit Lenders, shall be the respective aggregate of those set forth below plus three percent (3%) per annum.

(i) Documentaries: The Libor Margin then in effect minus 50 basis points.

(ii) Standbys: The Libor Margin then in effect.

(b) In addition to the fee to be paid as provided in Section 2.19(a) above, the Borrowers shall pay to the Administrative Agent (or to the Issuer, if so requested by Administrative Agent), on demand, all customary issuance, processing, negotiation, amendment, and administrative fees and other amounts charged by the Issuer on account of, or in respect to, any L/C.

(c) If any change in Applicable Law shall either:

(i) impose, modify or deem applicable any reserve, special deposit or similar requirements against letters of credit heretofore or hereafter issued by any Issuer or with respect to which any Revolving Credit Lender or any Issuer has an obligation to lend to fund drawings under any L/C; or

(ii) impose on any Issuer any other condition or requirements relating to any such letters of credit;

and the result of any event referred to in Section 2.19(c)(i) or 2.19(c)(ii), above, shall be to increase the cost to any Revolving Credit Lender or to any Issuer of issuing or maintaining any L/C (which increase in cost shall be the result of such Issuer’s reasonable allocation among that Revolving Credit Lender’s or Issuer’s letter of credit customers of the aggregate of such cost increases resulting from such events), then, upon demand by the Administrative Agent and delivery by the Administrative Agent to the Borrowers’ Representative of a certificate of an officer of the subject Revolving Credit Lender or the subject Issuer describing such change in law, executive order, regulation, directive, or interpretation thereof, its effect on such Revolving Credit Lender or such Issuer, and the basis for determining such increased costs and their allocation, the Borrowers shall immediately pay to the Administrative Agent, from time to time as specified by the Administrative Agent, such amounts as shall be sufficient to compensate the

 

-49-


subject Revolving Credit Lender or the subject Issuer for such increased cost. In the absence of manifest error, any Revolving Credit Lender’s or any Issuer’s determination of costs incurred under Sections 2.19(c)(i) or 2.19(c)(ii), above, and the allocation, if any, of such costs among the Borrowers and other letter of credit customers of such Revolving Credit Lender or such Issuer, if done in good faith and made on an equitable basis and in accordance with such officer’s certificate, shall be conclusive and binding on the Borrowers.

2.20. CONCERNING L/CS.

(a) None of the Issuer, the Issuer’s correspondents, any Revolving Credit Lender, any Agent, or any advising, negotiating, or paying bank with respect to any L/C shall be responsible in any way for:

(i) The performance by any beneficiary under any L/C of that beneficiary’s obligations to any Borrower.

(ii) The form, sufficiency, correctness, genuineness, authority of any person signing; falsification; or the legal effect of; any documents called for under any L/C if (with respect to the foregoing) such documents on their face appear to be in order.

(b) The Issuer may honor, as complying with the terms of any L/C and of any drawing thereunder, any drafts or other documents otherwise in order, but signed or issued by an administrator, executor, conservator, trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, liquidator, receiver, or other legal representative of the party authorized under such L/C to draw or issue such drafts or other documents.

(c) Unless otherwise agreed to, in the particular instance, each Borrower hereby authorizes any Issuer to:

(i) Select an advising bank, if any.

(ii) Select a paying bank, if any.

(iii) Select a negotiating bank, if any.

(d) All directions, correspondence, and funds transfers relating to any L/C are at the risk of the Borrowers. The Issuer shall have discharged the Issuer’s obligations under any L/C which, or the drawing under which, includes payment instructions, by the initiation of the method of payment called for in, and in accordance with, such instructions (or by any other commercially reasonable and comparable method). None of the Agent, the Revolving Credit Lenders, or the Issuer shall have any responsibility for any inaccuracy, interruption, error, or delay in transmission or delivery by post, telegraph or cable, or for any inaccuracy of translation.

(e) Each Agent’s, each Revolving Credit Lender’s and the Issuer’s rights, powers, privileges and immunities specified in or arising under this Agreement are in addition to any heretofore or at any time hereafter otherwise created or arising, whether by statute or rule of law or contract.

 

-50-


(f) Except to the extent otherwise expressly provided hereunder or agreed to in writing by the Issuer and the Borrowers’ Representative, documentary L/C’s will be governed by the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce, Publication No. 600, and standby L/C’s will be governed by International Standby Practices ISP98 (adopted by the International Chamber of Commerce on April 6, 1998) and any respective subsequent revisions thereof.

(g) The obligations of the Borrowers under this Agreement with respect to L/C’s are absolute, unconditional, and irrevocable and shall be performed strictly in accordance with the terms hereof under all circumstances, whatsoever including, without limitation, the following:

(i) Any lack of validity or enforceability or restriction, restraint, or stay in the enforcement of this Agreement, any L/C, or any other agreement or instrument relating thereto.

(ii) Any Borrower’s consent to any amendment or waiver of, or consent to the departure from, any L/C.

(iii) The existence of any claim, set-off, defense, or other right which any Borrower may have at any time against the beneficiary of any L/C.

(iv) Any good faith honoring of a drawing under any L/C, which drawing possibly could have been dishonored based upon a strict construction of the terms of the L/C.

(h) Each Issuer shall be deemed to have agreed as follows:

(i) That any action taken or omitted by that Issuer, that Issuer’s correspondents, or any advising, negotiating or paying bank with respect to any L/C and the related drafts and documents, shall be done in good faith and in compliance with foreign or domestic laws.

(ii) That the Borrowers shall not be required to indemnify the Issuer, the Issuer’s correspondents, or any advising, negotiating or paying bank with respect to any L/C for any claims, damages, losses, liabilities, costs or expenses to the extent, caused by (x) the willful misconduct or gross negligence of the Issuer, the Issuer’s correspondents, or any advising, negotiating or paying bank with respect to any L/C in determining whether a request presented under any Letter of Credit complied with the terms of such Letter of Credit or (y) the Issuer’s failure to pay under any Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions of such Letter of Credit.

 

-51-


2.21. CHANGED CIRCUMSTANCES.

(a) The Administrative Agent may advise the Borrowers’ Representative (in reasonable detail as to the facts and circumstances thereof) that the Administrative Agent has made the good faith determination (which determination, in the absence of manifest error, shall be final and conclusive) of any of the following:

(i) Adequate and fair means do not exist for ascertaining the rate for Libor Loans.

(ii) The continuation of or conversion of any Revolving Credit Loan to a Libor Loan has been made impracticable or unlawful by the occurrence of a contingency that materially and adversely affects the applicable market or the compliance by the Administrative Agent or any Revolving Credit Lender in good faith with any Applicable Law.

(iii) The indices on which the interest rates for Libor Loans are based shall no longer represent the effective cost to the Administrative Agent or any Revolving Credit Lender for U.S. dollar deposits in the interbank market for deposits in which it regularly participates.

(b) In the event that the Administrative Agent advises the Borrowers’ Representative of an occurrence described in Section 2.21(a), then, until the Administrative Agent notifies the Borrowers’ Representative that the circumstances giving rise to such notice no longer apply:

(i) The obligation of the Agent or each Revolving Credit Lender to make loans of the type affected by such changed circumstances or to permit the Borrowers’ Representative to select the affected interest rate as otherwise applicable to any Revolving Credit Loans shall be suspended.

(ii) Any notice which the Borrowers’ Representative had given the Administrative Agent with respect to any Libor Loan, the time for action with respect to which has not occurred prior to the Administrative Agent’s having given notice pursuant to Section 2.21(a), shall be deemed at the option of the Administrative Agent to not having been given.

2.22. DESIGNATION OF BORROWERS’ REPRESENTATIVE AS BORROWERS’ AGENT.

(a) Each Borrower hereby irrevocably designates and appoints the Borrowers’ Representative as that Borrower’s agent to obtain loans and advances under the Revolving Credit Facility, the proceeds of which shall be available to each Borrower for those uses set forth in this Agreement. As the disclosed principal for its agent, each Borrower shall be obligated to the Agents and each Revolving Credit Lender on account of loans and advances so made as if made directly by the Revolving Credit Lenders to that Borrower, notwithstanding the manner by which such loans and advances are recorded on the books and records of the Borrowers’ Representative and of any Borrower. In addition, each Loan Party other than the Borrowers hereby irrevocably designates and appoints the Borrowers’ Representative as that Loan Party’s agent to represent such Loan Party in all respects under this Agreement and the other Loan Documents.

 

-52-


(b) Each Borrower recognizes that credit available to it under the Revolving Credit Facility is in excess of and on better terms than it otherwise could obtain on and for its own account and that one of the reasons therefor is its joining in the credit facility contemplated herein with all other Borrowers. Consequently, each Borrower hereby assumes and agrees to discharge all Liabilities of each of the other Borrowers as if the Borrower which is so assuming and agreeing was each of the other Borrowers.

(c) The Borrowers’ Representative shall act as a conduit for each Borrower (including itself, as a “Borrower”) on whose behalf the Borrowers’ Representative has requested a Revolving Credit Loan.

(d) The proceeds of each loan and advance provided under the Revolving Credit Facility which is requested by the Borrowers’ Representative shall be deposited into the Operating Account or as otherwise indicated by the Borrowers’ Representative. The Borrowers’ Representative shall cause the transfer of the proceeds thereof to the (those) Borrower(s) on whose behalf such loan and advance was obtained. Neither the Agent nor any Revolving Credit Lender shall have any obligation to see to the application of such proceeds.

2.23. REVOLVING CREDIT LENDERS’ COMMITMENTS.

(a) Subject to Section 16.1 (which provides for assignments and assumptions of commitments), each Revolving Credit Lender’s “Revolving Credit Percentage Commitment” and “Revolving Credit Dollar Commitment” (respectively so referred to herein) is set forth on EXHIBIT 2.23, annexed hereto.

(b) The obligations of each Revolving Credit Lender are several and not joint. No Revolving Credit Lender shall have any obligation to make any loan or advance under the Revolving Credit Facility in excess of either of the following:

(i) That Revolving Credit Lender’s Revolving Credit Percentage Commitment of the subject loan or advance or of Availability.

(ii) That Revolving Credit Lender’s Revolving Credit Dollar Commitment.

(c) No Revolving Credit Lender shall have any liability to the Borrowers on account of the failure of any other Revolving Credit Lender to provide any loan or advance under the Revolving Credit Facility nor any obligation to make up any shortfall which may be created by such failure.

(d) Subject to Section 16.1, the Revolving Credit Dollar Commitments, Revolving Credit Percentage Commitments, and identities of the Revolving Credit Lenders may be changed, from time to time by the reallocation or assignment of Revolving Credit Dollar Commitments and Revolving Credit Percentage Commitments among the Revolving Credit Lenders or with other Persons who determine to become a Revolving Credit Lender.

 

-53-


(e) Upon written notice given the Borrowers’ Representative from time to time by the Administrative Agent of any assignment or allocation referenced in Section 2.23(d):

(i) Each Borrower shall execute one or more replacement Revolving Credit Notes to reflect such changed Revolving Credit Dollar Commitments, Revolving Credit Commitment Percentages, and identities and shall deliver such replacement Revolving Credit Notes to the Administrative Agent (which promptly thereafter shall deliver to the Borrowers’ Representative the Revolving Credit Notes so replaced); provided, however, in the event that a Revolving Credit Note is to be exchanged following its acceleration or the entry of an order for relief under the Bankruptcy Code with respect to any Borrower, the Administrative Agent, in lieu of causing the Borrowers to execute one or more new Revolving Credit Notes, may issue the Administrative Agent’s Certificate confirming the resulting Revolving Credit Dollar Commitments and Revolving Credit Percentage Commitments.

(ii) Such change shall be effective from the effective date specified in such written notice and any Person added as a Revolving Credit Lender shall have all rights, privileges, and obligations of a Revolving Credit Lender hereunder thereafter as if such Person had been a signatory to this Agreement and any other Loan Document to which a Revolving Credit Lender is a signatory and any Person removed as a Revolving Credit Lender shall be relieved of any obligations or responsibilities of a Revolving Credit Lender hereunder thereafter.

2.24. INCREASE IN REVOLVING CREDIT COMMITMENTS.

(a) Provided no Default then exists or would arise therefrom, upon notice to the Administrative Agent (which shall promptly notify the Revolving Credit Lenders), the Borrowers’ Representative may from time to time request an increase in the Revolving Credit Commitments by an amount (for all such requests) not exceeding $50,000,000 (each such increase, a “Revolving Credit Commitment Increase”); provided that (i) any such request for a Revolving Credit Commitment Increase shall be in a minimum amount of $10,000,000 and (ii) the Borrowers’ Representative may make a maximum of three (3) such requests. At the time of sending such notice, the Borrowers’ Representative (in consultation with the Administrative Agent) shall specify the time period within which each Revolving Credit Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Revolving Credit Lenders).

(b) Each Revolving Credit Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Credit Dollar Commitment and, if so, whether by an amount equal to, greater than, or less than its Revolving Credit Percentage Commitment of such requested Revolving Credit Commitment Increase. Any Revolving Credit Lender not responding within such time period shall be deemed to have declined to increase its Revolving Credit Dollar Commitment.

 

-54-


(c) The Administrative Agent shall notify the Borrowers’ Representative and each Revolving Credit Lender of the Revolving Credit Lenders’ responses to each request made hereunder. To achieve the full amount of a requested Revolving Credit Commitment Increase, and subject to the approval of the Administrative Agent, the Issuer and the SwingLine Lender (which approvals shall not be unreasonably withheld), to the extent that the existing Revolving Credit Lenders decline to increase their Revolving Credit Dollar Commitments, or decline to increase their Revolving Credit Dollar Commitments to the amount requested by the Borrowers’ Representative, the Administrative Agent, in consultation with the Borrowers’ Representative, will use its reasonable efforts to arrange for one or more other Eligible Assignees to become a Revolving Credit Lender hereunder and to issue commitments in an amount equal to the amount of the increase in the Revolving Credit Commitments requested by the Borrowers’ Representative and not accepted by the existing Revolving Credit Lenders (and the Borrowers’ Representative may also invite additional Eligible Assignees to become Revolving Credit Lenders) (each, an “Additional Commitment Lender”); provided, however, that without the consent of the Administrative Agent, at no time shall the Revolving Credit Dollar Commitment of any Additional Commitment Lender be less than $5,000,000.

(d) If the Revolving Credit Commitments are increased in accordance with this Section 2.24, the Administrative Agent, in consultation with the Borrowers’ Representative shall determine the effective date (the “Increase Effective Date”) and the final allocation of such Revolving Credit Commitment Increase. The Administrative Agent shall promptly notify the Borrowers’ Representative and the Revolving Credit Lenders of the final allocation of such Revolving Credit Commitment Increase and the Increase Effective Date and, on the Increase Effective Date, (i) the Revolving Credit Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Revolving Credit Commitment Increase, and (ii) EXHIBIT 2.25 shall be deemed modified, without further action, to reflect the revised Revolving Credit Dollar Commitments and Revolving Credit Percentage Commitments of the Revolving Credit Lenders.

(e) As conditions precedent to each such Revolving Credit Commitment Increase: (i) the Borrowers’ Representative shall deliver to the Administrative Agent a certificate of each Loan Party dated as of the Increase Effective Date (in sufficient copies for each Revolving Credit Lender) signed by a Responsible Officer of such Loan Party (A) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such Revolving Credit Commitment Increase, and (B) in the case of the Borrowers, certifying that, before and after giving effect to such Revolving Credit Commitment Increase, the representations and warranties contained in Article 4 and the other Loan Documents are true and correct on and as of the Increase Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date; (ii) the Borrowers, the Administrative Agent, and any Additional Commitment Lender shall have executed and delivered a joinder to the Loan Documents in such form as the Administrative Agent shall reasonably require; (iii) the Borrowers shall have paid such fees and other compensation to the Additional Commitment

 

-55-


Lenders as the Lead Borrower and such Additional Commitment Lenders shall agree; (iv) the Borrowers shall have paid such arrangement fees to the Administrative Agent or its Affiliates as the Borrowers’ and the Administrative Agent may agree; (v) the Borrowers shall deliver to the Administrative Agent and the Revolving Credit Lenders an opinion or opinions, in form and substance reasonably satisfactory to the Administrative Agent, from counsel to the Borrowers reasonably satisfactory to the Administrative Agent and dated such date; (vi) the Borrowers and the Additional Commitment Lenders shall have delivered such other instruments, documents and agreements as the Administrative Agent may reasonably have requested to effectuate the documentation of the foregoing; and (vii) no Default exists. The Borrowers shall prepay any Revolving Credit Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 2.11(e)) to the extent necessary to keep the outstanding Revolving Credit Loans ratable with any revised Revolving Credit Percentage Commitments arising from any nonratable increase in the Revolving Credit Commitments under this Section 2.24.

(f) This Section 2.24 shall supersede any provisions in Article 15 to the contrary.

2.25. REFERENCES TO EXISTING LOAN AGREEMENT. The terms “Loan and Security Agreement,” “this Agreement,” “Loan Agreement,” and similar references as used in the documents, instruments and agreements executed and/or delivered in connection with the Existing Loan Agreement, shall mean the Existing Loan Agreement as amended and restated hereby in its entirety, and each of such documents, instruments and agreements is hereby so amended. Except as specifically agreed herein or in any of the Loan Documents executed concurrently herewith, each of the Loan Documents executed and delivered in connection with the Existing Loan Agreement is hereby ratified and confirmed and shall remain in full force and effect in accordance with its terms. Without limitation of the foregoing, the Loan Parties hereby confirm that the Collateral Interests granted under the Existing Loan Agreement and each other applicable Loan Document continue to secure all of the Liabilities.

ARTICLE 3 - CONDITIONS PRECEDENT:

As a condition to the effectiveness of this Agreement, the establishment of the Revolving Credit Facility, the making of the first Revolving Credit Loan under the Revolving Credit Facility, each of the documents respectively described in Sections 3.1 through and including Section 3.12 (each in form and substance satisfactory to the Administrative Agent) shall have been delivered to the Administrative Agent, and the conditions respectively described in Sections 3.5 through and including Section 3.12, shall have been satisfied:

3.1. DUE DILIGENCE.

(a) Certificates of good standing for each Loan Party, respectively issued by the Secretary of State for the state in which that Loan Party is organized.

 

-56-


(b) Certificates of due qualification, in good standing, issued by the Secretary of State for the Commonwealth of Massachusetts for those Loan Parties required to file to do business in the Commonwealth of Massachusetts.

(c) Certificates of each Loan Party’s clerk or secretary, as applicable, of the due adoption, continued effectiveness, and setting forth the texts of, each resolution adopted in connection with the establishment of the loan arrangement contemplated by the Loan Documents and attesting to the true signatures of each Person authorized as a signatory to any of the Loan Documents.

3.2. OPINION. One or more reasonable and customary opinions of counsel to the Loan Parties.

3.3. ADDITIONAL DOCUMENTS. Such additional instruments and documents as the Administrative Agent or its counsel reasonably may require or request.

3.4. OFFICERS’ CERTIFICATES. Certificates executed by (a) either the President or the Chief Executive Officer and (b) the Chief Financial Officer of the Borrowers’ Representative and stating that:

(a) The representations and warranties made by the Loan Parties to the Agents and the Revolving Credit Lenders in this Agreement and the other Loan Documents are true and complete in all material respects as of the Closing Date, except (i) to the extent that such representations and warranties specifically refer to an earlier date, in which case such representations and warranties shall be true and complete in all material respects as of such earlier date, and (ii) in the case of any such representations and warranties that are qualified by materiality, such representations and warranties shall be true and complete in all respects.

(b) No event has occurred which is or which, solely with the giving of notice or passage of time (or both) would be, an Event of Default.

(c) As of the Closing Date, and immediately after giving effect to the consummation of the transactions contemplated by this Agreement (including the initial Revolving Credit Loans to be made under this Agreement on the Closing Date), the Borrowers’ Representative and its Subsidiaries taken as a whole, and each Borrower, is Solvent.

 

-57-


3.5. REPRESENTATIONS AND WARRANTIES. Each of the representations made by or on behalf of each Loan Party in this Agreement or in any of the other Loan Documents or in any other report, statement, document, or paper provided by or on behalf of each Loan Party shall be true and complete in all material respects as of the date as of which such representation or warranty was made, except (i) to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and complete in all material respects as of such earlier date, and (ii) in the case of any representation and warranty qualified by materiality, they shall be true and correct in all respects.

3.6. ALL FEES AND EXPENSES PAID. All fees due at or immediately after the first funding under the Revolving Credit Facility (including, without limitation, any such fees set forth in the Fee Letter), and all costs and expenses incurred by the Administrative Agent and the Collateral Agent in connection with the establishment of the Revolving Credit Facility contemplated hereby (including the reasonable fees and expenses of counsel to the Administrative Agent and the Collateral Agent), shall have been paid in full.

3.7. COLLATERAL, ETC.

(a) Each document (including, without limitation, Uniform Commercial Code financing statements) required by law or requested by the Administrative Agent to be filed, registered or recorded in order to create in favor of the Collateral Agent a first priority perfected security interest in the Collateral shall have been properly filed, registered or recorded in each jurisdiction where required and the Collateral Agent shall have a first priority perfected security interest in the Collateral, subject only to Permitted Encumbrances.

(b) All accounts payable of the Loan Parties shall be within invoice terms (subject only to good faith disputes).

(c) The Inventory Purchase Agreement shall have been executed and delivered by all the Loan Parties, shall be in full force and effect and shall be satisfactory to the Administrative Agent.

3.8. NO DEFAULT.

(a) No Default shall have occurred and be continuing.

(b) Except as specifically set forth on EXHIBIT 3.8(b), no default shall have occurred and be continuing under any material contract or other agreement to which any Loan Party is a party.

 

-58-


3.9. FINANCIAL STATEMENTS; LEGAL DUE DILIGENCE; NO ADVERSE CHANGE.

(a) The Administrative Agent shall be satisfied that all financial statements and projections delivered to it fairly present the Consolidated business and financial condition of the Borrowers and their Consolidated Subsidiaries.

(b) No event shall have occurred or failed to occur, which occurrence or failure is or could have a materially adverse effect upon any Loan Party’s financial condition when compared with the financial condition of such Loan Party as reflected in its most recent interim management prepared financial statements, annual report(s), public filings and projections provided to the Administrative Agent or any Revolving Credit Lender.

(c) The Administrative Agent shall be satisfied that no information or materials supplied by or on behalf of the Loan Parties contain material misstatements or omissions which could be materially misleading.

(d) The Administrative Agent shall be satisfied that no materially adverse change in any governmental regulations or policies affecting any Loan Party or Agent shall have occurred.

3.10. NO LITIGATION. The Administrative Agent and its counsel shall have received evidence satisfactory to each that there are no actions, suits or proceedings at law or in equity or by or before any governmental instrumentality or other agency or regulatory authority now pending or threatened against any Loan Party the result of which is reasonably likely to have a material adverse effect on such Loan Party or its businesses or assets.

3.11. PATRIOT ACT. The Administrative Agent shall have received all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”).

3.12. BENEFIT OF CONDITIONS PRECEDENT. The conditions set forth in this Article 3 are for the sole benefit of each Agent and each Revolving Credit Lender and may be waived by the Administrative Agent, in whole or in part, without prejudice to any Agent or any Revolving Credit Lender.

No document shall be deemed delivered to the Administrative Agent, the Collateral Agent, or any Revolving Credit Lender until received and accepted by the Administrative Agent at its offices in Boston, Massachusetts. Under no circumstances shall this Agreement take effect until executed and accepted by the Administrative Agent at said offices.

 

-59-


ARTICLE 4 - GENERAL REPRESENTATIONS, COVENANTS AND WARRANTIES:

To induce each Revolving Credit Lender to establish the Revolving Credit Facility contemplated herein and to induce the Revolving Credit Lenders to provide loans and advances hereunder (each of which loans shall be deemed to have been made in reliance thereupon), respectively, as contemplated hereby, the Loan Parties, in addition to all other representations, warranties, and covenants made by any Loan Party in any other Loan Document, make those representations, warranties, and covenants included in this Agreement.

4.1. PAYMENT AND PERFORMANCE OF LIABILITIES. The Borrowers shall pay each payment Liability when due (or when demanded, if payable on demand) and shall promptly, punctually, and faithfully perform each other Liability.

4.2. DUE ORGANIZATION; AUTHORIZATION; NO CONFLICTS.

(a) Each Loan Party presently is and hereafter shall remain in good standing under the laws of the State in which it is organized, as set forth on EXHIBIT 4.2 annexed hereto, and is and shall hereafter remain duly qualified and in good standing in every other State in which, by reason of the nature or location of such Loan Party’s assets or operation of such Loan Party’s business, such qualification is necessary, except where the failure to so qualify could not reasonably be expected to have a material adverse effect on the business or assets of that Loan Party.

(b) Each Loan Party’s respective federal employer identification number is stated on EXHIBIT 4.2, annexed hereto.

(c) No Loan Party shall change (i) its State of organization, or (ii) that Loan Party’s federal taxpayer identification number, in each case on less than sixty (60) days prior written notice (in reasonable detail) to the Administrative Agent.

(d) Each Affiliate of the Loan Parties is listed on EXHIBIT 4.2. The Borrowers’ Representative shall provide the Administrative Agent with prior written notice of any entity’s becoming or ceasing to be an Affiliate.

(e) Each Loan Party has all requisite power and authority to execute and deliver all Loan Documents to which that Loan Party is a party and has and will hereafter retain all requisite power to perform all Liabilities.

(f) The execution and delivery by each Loan Party of each Loan Document to which it is a party; each Loan Party’s consummation of the transactions contemplated by such Loan Documents (including, without limitation, the creation of Collateral Interests by that Loan Party to secure the Liabilities); each Loan Party’s performance under those of the Loan Documents to which it is a party; the borrowings hereunder; and the use of the proceeds thereof:

(i) Have been duly authorized by all necessary action.

 

-60-


(ii) Do not, and will not, contravene in any material respect any provision of any Requirement of Law or obligation of that Loan Party, where such contravention would have a material adverse effect on that Loan Party.

(iii) Will not result in the creation or imposition of, or the obligation to create or impose, any Encumbrance upon any assets of that Loan Party pursuant to any Requirement of Law or obligation, except pursuant to or as permitted by the Loan Documents.

(g) The Loan Documents have been duly executed and delivered by each Loan Party and are the legal, valid and binding obligations of each Loan Party, enforceable against each Loan Party in accordance with their respective terms, except as such enforceability may be subject to limitations on the rights and remedies of secured creditors generally imposed under bankruptcy or insolvency law and that the availability of equitable relief is subject to the discretion of the court from which such relief is sought.

4.3. TRADE NAMES.

(a) EXHIBIT 4.3, annexed hereto, is a listing of:

(i) All names under which any Loan Party conducted its business during the five (5) years preceding the date of this Agreement.

(ii) All Persons with whom any Loan Party consolidated or merged, or from whom any Loan Party acquired in a single transaction or in a series of related transactions substantially all of such Person’s assets, in each case during the five (5) years preceding the date of this Agreement.

(b) The Borrowers’ Representative will provide the Administrative Agent with not less than twenty-one (21) days prior written notice (with reasonable particularity) of any change to any Loan Party’s name from that under which that Loan Party is conducting its business at the execution of this Agreement and will not effect such change unless each Loan Party is then in compliance with all provisions of this Agreement.

4.4. INFRASTRUCTURE.

(a) Each Loan Party has and will maintain a sufficient infrastructure to conduct its business as presently conducted and as contemplated to be conducted following its execution of this Agreement.

(b) To the Borrowers’ knowledge, except as set forth in EXHIBIT 4.4(b), each Loan Party owns and possesses, or has the right to use (and will hereafter own, possess, or have such right to use) all patents, industrial designs, trademarks, trade names, trade styles,

 

-61-


brand names, service marks, logos, copyrights, trade secrets, know-how, confidential information, and other intellectual or proprietary property of any third Person necessary for that Loan Party’s conduct of that Loan Party’s business except where the failure to own, possess, or have such right or use will not have more than a de minimis adverse effect on any Loan Party.

(c) To the Borrowers’ knowledge, the conduct by each Loan Party of that Loan Party’s business does not presently infringe (nor will any Loan Party conduct its business in the future so as to infringe) the patents, industrial designs, trademarks, trade names, trade styles, brand names, service marks, logos, copyrights, trade secrets, know-how, confidential information, or other intellectual or proprietary property of any third Person except where such infringement will not have no more than a de minimis adverse effect on that Loan Party.

4.5. LOCATIONS.

(a) The Collateral, and the books, records, and papers of the Loan Parties pertaining thereto, are kept and maintained solely at the following locations:

(i) The Borrowers’ Representative’s chief executive offices which are at 555 Turnpike Street, Canton, Massachusetts 02021.

(ii) Those locations which are listed on EXHIBIT 4.5, annexed hereto, which EXHIBIT includes, with respect to each such location, the name and address of the landlord on the Lease which covers such location (or an indication that a Loan Party owns the subject location) and of all service bureaus with which any such records are maintained and the names and addresses of each Loan Party’s landlord(s).

(b) No Loan Party shall remove any of the Collateral from said chief executive office or those locations listed on EXHIBIT 4.5 except for the following purposes:

(i) To accomplish sales of Inventory in the ordinary course of business or sales permitted by Section 4.14(d).

(ii) To move Inventory from one such location to another such location.

(iii) To utilize such of the Collateral as is removed from such locations in the ordinary course of business (such as motor vehicles).

(c) Except where caused by a force majeure or as otherwise agreed by the Administrative Agent, and except with respect to the locations referred to in Section 4.14(d) as to which five (5) days notice shall be deemed sufficient, no Loan Party shall cease the conduct of business at any of its present or future Stores for more than fifteen (15) consecutive days without first furnishing the Administrative Agent with not less than thirty (30) days (or such lesser period as the Administrative Agent may agree) prior written notice thereof.

 

-62-


4.6. STORES.

(a) No Loan Party is or may commit to or become legally obligated to open additional Stores where such commitment, obligation, or opening is prohibited by, or would result in a breach of, this Agreement.

(b) Except for in-transit Inventory, no tangible personal property of any Loan Party (beyond a de minimis amount of such property) is in the care or custody of any third party or stored or entrusted with a bailee or other third party other than as otherwise consented to in writing by the Administrative Agent.

4.7. TITLE TO ASSETS.

(a) The Loan Parties are, and shall hereafter remain, the owners of the Collateral free and clear of all Encumbrances with the exceptions of the following:

(i) Encumbrances in favor of the Collateral Agent.

(ii) Permitted Encumbrances.

(b) Except as disclosed on EXHIBIT 4.7(b), annexed hereto, the Loan Parties do not have possession of any property on consignment to the Loan Parties and will not have possession of property on consignment hereafter.

(c) No Loan Party shall acquire or obtain the right to use any Equipment in which any third party has an interest, except for:

(i) Equipment which is merely incidental to the conduct of that Loan Party’s business; or

(ii) Equipment, the acquisition or right to use of which has been consented to by the Administrative Agent, which consent may be conditioned solely upon the Administrative Agent’s receipt of an agreement, substantially in the form of EXHIBIT 4.7(c)(ii), annexed hereto with the third party which has an interest in such Equipment; or

(iii) Equipment subject to Leases, Capital Leases or licenses otherwise permitted hereunder.

(d) No Affiliate (other than a Loan Party) which is owned, directly or indirectly, by a Loan Party has, and none will acquire, any assets other than assets of nominal value, unless (i) such acquisition of assets is not prohibited by another provision of this Agreement and (ii) the ownership interests of such Affiliate shall have been pledged to the Collateral Agent for the benefit of the Revolving Credit Lenders as their interests may appear and the Collateral Agent has a first priority, perfected security interest in such ownership interests.

 

-63-


4.8. INDEBTEDNESS.

(a) The Loan Parties do not, and shall not hereafter, have any Indebtedness with the exception of Permitted Indebtedness and shall not make, directly or indirectly, any payment or other distribution (whether in cash, securities or other property) of or in respect of principal of or interest on any Indebtedness; provided, however, that the Loan Parties shall be permitted to make the following payments on Permitted Indebtedness:

(i) regularly scheduled payments (but not prepayments) of principal and interest on account of Permitted Indebtedness when due; and

(ii) voluntary prepayments, repurchases, redemptions or defeasances of principal and interest on account of Permitted Indebtedness as long as the Loan Parties are in compliance with the Payment Conditions.

4.9. INSURANCE.

(a) EXHIBIT 4.9, annexed hereto, is a schedule of all insurance policies owned by the Loan Parties or under which any Loan Party is the named insured. Each of such policies is in full force and effect. Neither the issuer of any such policy nor any Loan Party is in default or violation of any such policy.

(b) The Loan Parties shall have and maintain at all times insurance covering such risks, in such amounts, containing such terms, in such form, for such periods, and written by such companies as may be satisfactory to the Administrative Agent.

(c) All insurance carried by the Loan Parties shall provide for a minimum of thirty (30) days’ prior written notice of cancellation to the Administrative Agent and all such insurance which covers the Collateral shall include an endorsement in favor of the Agents, which endorsement shall provide that the insurance, to the extent of the Agent’s respective interest therein, shall not be impaired or invalidated, in whole or in part, by reason of any act or neglect of any Loan Party or by the failure of any Loan Party to comply with any warranty or condition of the policy, and shall not include an endorsement in favor of any other Person.

(d) The coverage reflected on EXHIBIT 4.9 presently satisfies the foregoing requirements, it being recognized by each Loan Party, however, that such requirements may hereafter be modified as required by the Administrative Agent in its reasonable discretion to reflect changing circumstances.

 

-64-


(e) The Borrowers’ Representative shall furnish the Administrative Agent from time to time with certificates or other evidence satisfactory to the Administrative Agent regarding compliance by the Loan Parties with the foregoing requirements.

(f) In the event of the failure by the Loan Parties to maintain insurance as required herein, the Administrative Agent, at its option, may obtain such insurance; provided, however, the Administrative Agent’s obtaining of such insurance shall not constitute a cure or waiver of any Event of Default occasioned by the Loan Parties’ failure to have maintained such insurance.

4.10. LICENSES. Each license, distributorship, franchise, and similar agreement issued to, or to which any Loan Party is a party, is in full force and effect, except where the failure thereof to be in full force and effect could not reasonably be expected to have a material adverse effect on the Loan Parties. Neither the Borrowers nor, to the best knowledge of the Borrowers, any other party to any such license or agreement is in default or violation thereof. No Loan Party has received any notice or threat of cancellation of any such license or agreement.

4.11. LEASES. EXHIBIT 4.11, annexed hereto, is a schedule of all presently effective Capital Leases. EXHIBIT 4.5 includes a list of all other presently effective Leases. Each of such Leases and Capital Leases is in full force and effect. Neither the Borrower nor, to the best knowledge of the Borrowers, any other party to any such Lease or Capital Lease is in default or violation of any such Lease or Capital Lease and no Loan Party has received notice or a threat of cancellation of any such Lease or Capital Lease. Each Loan Party hereby authorizes the Administrative Agent at any time and from time to time, with the consent of the Borrowers’ Representative and at any time following the occurrence of an Event of Default, to contact any of the Loan Parties’ respective landlords in order to confirm the Loan Parties’ continued compliance with the terms and conditions of the Lease(s) between the subject Loan Party and that landlord and to discuss such issues, concerning the subject Loan Party’s occupancy under such Lease(s), as the Administrative Agent may determine.

4.12. REQUIREMENTS OF LAW. Each Loan Party is in compliance with, and shall hereafter comply with and use its assets in compliance with, all Requirements of Law except where the failure of such compliance will not have more than a de minimis adverse effect on the Loan Party’s business. No Loan Party has received any notice of any violation of any Requirement of Law (other than of a violation which has no more than a de minimis adverse effect on the Loan Party’s business or assets), which violation has not been cured or otherwise remedied.

 

-65-


4.13. LABOR RELATIONS.

(a) Except as disclosed on EXHIBIT 4.13(a), annexed hereto, no Loan Party is presently a party to any collective bargaining or other labor contract.

(b) There is not presently pending and, to any Loan Party’s knowledge, there is not threatened any of the following:

(i) Any strike, slowdown, picketing, work stoppage, or material employee grievance process.

(ii) Any proceeding against or affecting any Loan Party relating to the alleged violation of any Applicable Law pertaining to labor relations or before National Labor Relations Board, the Equal Employment Opportunity Commission, or any comparable governmental body, organizational activity, or other labor or employment dispute against or affecting any Loan Party, which, if determined adversely to that Loan Party could have more than a de minimis adverse effect on that Loan Party.

(iii) Any lockout of any employees by any Loan Party (and no such action is contemplated by any Loan Party).

(iv) Any application for the certification of a collective bargaining agent.

(c) To the knowledge of the Borrowers’ Representative and each Loan Party, no material event has occurred or circumstance exists which could provide the basis for any work stoppage or other labor dispute.

(d) Each Loan Party:

(i) Has complied in all material respects with all Applicable Law relating to employment, equal employment opportunity, nondiscrimination, immigration, wages, hours, benefits, collective bargaining, the payment of social security and similar taxes, occupational safety and health, and plant closing.

(ii) Is not liable for the payment of more than a de minimis amount of compensation, damages, taxes, fines, penalties, or other amounts, however designated, for that Loan Party’s failure to comply with any Applicable Law referenced in Section 4.13(d)(i).

4.14. MAINTAIN PROPERTIES; ASSET SALES. The Loan Parties shall:

(a) Keep the Collateral in good order and repair (ordinary reasonable wear and tear and insured casualty excepted).

(b) Not suffer or cause the waste or destruction of any material part of the Collateral.

 

-66-


(c) Not use any of the Collateral in violation of any policy of insurance thereon.

(d) Not sell, lease, or otherwise dispose of any of the Collateral, other than the following:

(i) The sale of Inventory in compliance with this Agreement.

(ii) The disposal of Equipment which is obsolete, worn out, or damaged beyond repair, which Equipment is replaced to the extent necessary to preserve or improve the operating efficiency of any Loan Party.

(iii) The turning over to the Administrative Agent of all Receipts as provided herein.

(iv) Permitted Asset Dispositions.

4.15. TAXES.

(a) The Loan Parties, in compliance with all Applicable Law, have properly filed the Loan Party’s tax returns due to be filed up to the date of this Agreement. All federal and state taxes and other amounts in the nature of taxes for which any Loan Party is liable or obligated are presently due and payable without penalty; or have been paid or settled.

(b) The Loan Parties shall: pay, as they become due and payable, all taxes and unemployment contributions and other charges of any kind or nature levied, assessed or claimed against any Loan Party or the Collateral by any Person whose claim could result in an Encumbrance upon any asset of any Loan Party or by any governmental authority; properly exercise any trust responsibilities imposed upon any Loan Party by reason of withholding from employees’ pay or by reason of any Loan Party’s receipt of sales tax or other funds for the account of any third party; timely make all contributions and other payments as may be required pursuant to any Employee Benefit Plan now or hereafter established by any Loan Party; and timely file all tax and other returns and other reports with each governmental authority to whom any Loan Party is obligated to so file except where failure to file could not reasonably be expected to have a material adverse effect; provided, however, nothing included in this Section 4.15(b) shall prevent the Loan Parties from contesting, in good faith and by appropriate proceedings, any tax liability claimed against any Loan Party, but only provided that and so long as no tax lien is filed with respect thereto.

(c) At its option, with prior notice to the Borrowers’ Representative, the Administrative Agent may pay any tax, charge levied, assessed, or claimed upon any Loan Party or the Collateral by any Person, or entity or governmental authority, and make any payments on account of any Loan Party’s Employee Benefit Plan as the Administrative Agent, in the Administrative Agent’s reasonable discretion, may deem necessary or desirable, to protect the Agents’ Rights and Remedies.

 

-67-


4.16. NO MARGIN STOCK; NOT INVESTMENT COMPANY.

(a) No Loan Party is engaged in the business of extending credit for the purpose of purchasing or carrying any margin stock (within the meaning of Regulations U, T, and X of the Board of Governors of the Federal Reserve System of the United States). No part of the proceeds of any borrowing hereunder will be used at any time to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

(b) No Loan Party or any Subsidiary is or is required to be registered as an “investment company” under the Investment Company Act of 1940.

4.17. ERISA.

(a) Neither any Loan Party nor any ERISA Affiliate has ever:

(i) Violated or failed to be in full compliance with any Employee Benefit Plan maintained by any Loan Party.

(ii) Failed timely to file all reports and filings required by ERISA to be filed by any Loan Party.

(iii) Engaged in any nonexempt “prohibited transactions” or “reportable events” (respectively as described in ERISA).

(iv) Engaged in, or committed, any act such that a tax or penalty could be imposed upon any Loan Party on account thereof pursuant to ERISA.

(v) Accumulated any material cumulative funding deficiency within the meaning of ERISA.

(vi) Terminated any Employee Benefit Plan such that a lien could be asserted against any assets of any Loan Party on account thereof pursuant to ERISA.

(vii) Been a member of, contributed to, or had any obligation under any Employee Benefit Plan which is a multiemployer plan within the meaning of Section 4001(a) of ERISA.

(b) Neither any Loan Party nor any ERISA Affiliate shall ever engage in any action of the type described in Section 4.17(a).

4.18. HAZARDOUS MATERIALS.

(a) No Loan Party has ever: (i) been legally responsible for any release or threat of release of any Hazardous Material or (ii) received notification of the incurrence of any expense in connection with the assessment, containment, or removal of any Hazardous Material for which that Loan Party would be responsible.

 

-68-


(b) Each Loan Party shall: (i) dispose of any Hazardous Material only in compliance with all Environmental Laws and (ii) have possession of any Hazardous Material only in the ordinary course of that Loan Party’s business and in compliance with all Environmental Laws.

4.19. LITIGATION. Except as described in EXHIBIT 4.19, annexed hereto, there is not presently pending or to the knowledge of the Borrowers, threatened in writing, by or against any Loan Party, any suit, action, proceeding, or investigation which if determined adversely to such Loan Party, would have a material adverse effect upon the Loan Parties’ financial condition or the ability of the Loan Parties to conduct their business as such business is presently conducted or is contemplated to be conducted in the foreseeable future.

4.20. DIVIDENDS. INVESTMENTS. ENTITY ACTION. No Loan Party shall:

(a) Pay any cash dividend or make any other distribution in respect of any class of their respective capital stock or other ownership interests, other than payments to another Loan Party, unless the Loan Parties are in compliance with the Payment Conditions.

(b) Redeem, retire, purchase, or acquire any of Casual Male’s capital stock, other than pursuant to a Permitted Repurchase.

(c) Invest in or purchase any stock or securities or other ownership interests, or rights to purchase any such stock or securities or other ownership interests, of any corporation or other Person, except for:

(i) Permitted Investments;

(ii) Permitted Acquisitions subject to the provisions of Section 4.21;

(iii) Investments in new wholly owned Subsidiaries formed in connection with any such Permitted Acquisition, subject to the provisions of Section 4.21(c);

(iv) Permitted Minority Investments; provided that (A) the Borrowers are in compliance with the Payment Conditions and (B) (1) at any time that any Revolving Credit Loan is outstanding before and after giving effect to such Permitted Minority Investment, the aggregate amount of all Permitted Minority Investments made shall not exceed $50,000,000 or (2) if there is no Revolving Credit Loan outstanding before and after giving effect to such Permitted Minority Investment, then such Permitted Minority Investment shall not be added to the aggregate limit set forth in clause (B)(1) above; and

 

-69-


(v) Investments by the Loan Parties in Subsidiaries that are not Loan Parties; provided that (A) such Investments may only be made following the Closing Date to the extent that such Investments, together with the principal amount of any intercompany loans permitted pursuant to Section 4.22(g), shall not exceed $10,000,000.00 in the aggregate from and after the Closing Date, and (B) in the event that the aggregate amount of such Investments, together with the principal amount of any intercompany loans permitted pursuant to Section 4.22(g), exceeds $5,000,000.00, the Payment Conditions shall have been satisfied.

(d) Merge or consolidate or be merged or consolidated with or into any other corporation or other entity; provided that nothing in this Agreement shall prevent any Loan Party from merging into any other Loan Party.

(e) Consolidate any of that Loan Party’s operations with those of any other corporation or other entity other than another Loan Party.

(f) Subordinate any debts or obligations owed to that Loan Party by any third party to any other debts owed by such third party to any other Person.

(g) Engage in any interest rate swaps, caps, or similar activities, or any hedging activities, other than in the ordinary course and conduct of that Loan Party’s business and then only with a Revolving Credit Lender or any Affiliate of a Revolving Credit Lender.

4.21. PERMITTED ACQUISITIONS. The Loan Parties may make Permitted Acquisitions without the consent of the Agent or the Revolving Credit Lenders; provided that:

(a) Not less than fifteen (15) days prior written notice (with reasonable particularity as to the facts and circumstances in respect of which such notice is being given) of such Permitted Acquisition is given to the Administrative Agent.

(b) The Loan Parties are in compliance with the Payment Conditions.

(c) With respect, to and in the event of any Permitted Acquisition which consists of, or results in the creation of, a Subsidiary, the Administrative Agent shall be provided with such Subsidiary’s Guarantor Agreement (in form and substance satisfactory to the Administrative Agent), which Guarantor Agreement shall be secured by first perfected security interests and liens on substantially all of the assets of such Subsidiary, subject to the same limitations set forth in Section 8.1 hereof and subject to Permitted Encumbrances.

(d) The Agent and the Revolving Credit Lenders shall have no obligation to include any Inventory acquired in such Permitted Acquisition (or Inventory of a similar type and nature acquired after the Permitted Acquisition) as Eligible Inventory unless the Agent (i)

 

-70-


has a first priority perfected security interest in such Inventory, (ii) has completed or received an appraisal of such Inventory from appraisers satisfactory to the Agent and such other due diligence as the Agent may require, all of the results of the foregoing to be reasonably satisfactory to the Agent, (iii) has established applicable advance rates and Reserves in connection therewith, and (iv) has otherwise determined in its reasonable discretion that such Inventory is eligible to be included in the Borrowing Base.

4.22. LOANS. The Loan Parties shall not make any loans to, nor acquire the Indebtedness of, any Person; provided, however, the foregoing does not prohibit any of the following:

(a) Subject to such conditions respectively as apply thereto, the making of Permitted Investments.

(b) Advance payments made to a Loan Party’s suppliers in the ordinary course.

(c) Advances to a Loan Party’s officers, employees, and salespersons with respect to reasonable expenses to be incurred by such officers, employees, and salespersons for the benefit of a Loan Party, which expenses are properly substantiated by the person seeking such advance and properly reimbursable by a Loan Party.

(d) Loans to a Loan Party’s officers and employees not exceeding $400,000 in the aggregate at any one time outstanding, provided that each such loan is for a term of not more than 90 days from the date on which it is made and is paid within such 90-day period; provided that, all amounts due on account of loans permitted under this clause (d) shall constitute Collateral and shall be pledged to the Collateral Agent for the benefit of the Revolving Credit Lenders.

(e) Advances to contractors for the construction or renovation of stores, buildings or improvements for use in the business of a Loan Party.

(f) Loans made by the Borrowers to the Guarantors to finance the purchases by the Guarantors of Inventory pursuant to the Amended and Restated Inventory Purchase Agreement and to permit the Guarantors to pay ordinary course operating expenses (including, without limitation, rent, utilities and taxes) so long as, in each case, such intercompany loans shall be evidenced by, and subject to, such documentation (including, without limitation, notes and pledge agreements) as the Collateral Agent may require.

(g) Loans made by the Loan Parties to Subsidiaries that are not Loan Parties to finance the purchase by such Subsidiaries of Inventory and to permit such Subsidiaries to pay ordinary course operating expenses (including, without limitation, rent, utilities and taxes) so long as, in each case, such intercompany loans shall be evidenced by, and subject to, such documentation (including, without limitation, notes and pledge agreements) as the Collateral Agent may require; provided that (A) such intercompany loans may only be made following the Closing Date to the extent that the principal amount of such intercompany loans, together with

 

-71-


Investments permitted pursuant to Section 4.20(c)(v), shall not exceed $10,000,000.00 in the aggregate from and after the Closing Date, and (B) in the event that the aggregate principal amount of such intercompany loans, together with Investments permitted pursuant to Section 4.20(c)(v), exceeds $5,000,000.00, the Payment Conditions shall have been satisfied.

4.23. RESTRICTIONS ON SALE OF COLLATERAL; LICENSE AGREEMENTS. To the Loan Parties’ knowledge, the Loan Parties are not, and shall not become, party to any agreement or understanding which limits, impairs, or otherwise restricts the ability of the Collateral Agent to freely sell and dispose of any of the Collateral (including, without limitation, any repurchase agreements, rights of first refusal or other agreements which limit or condition the time, manner, place or price for the sale or disposition of the Collateral). The Loan Parties shall not effect or permit any material change or amendment to the terms of such License Agreements which would impose further restrictions to the Collateral Agent’s disposition of the Collateral or would shorten the term of such License Agreements.

4.24. PROTECTION OF ASSETS. The Administrative Agent, in the Administrative Agent’s reasonable discretion, from time to time, may discharge any tax or Encumbrance on any of the Collateral, or take any other action which the Administrative Agent may deem necessary or desirable to repair, insure, maintain, preserve, collect, or realize upon any of the Collateral. The Administrative Agent shall not have any obligation to undertake any of the foregoing and shall have no liability on account of any action so undertaken except where there is a specific finding in a judicial proceeding (in which the Administrative Agent has had an opportunity to be heard), from which finding no further appeal is available, that the Administrative Agent had acted in actual bad faith or in a grossly negligent manner. The Loan Parties shall pay to the Administrative Agent, on demand, or the Administrative Agent, in its discretion, may add to the Loan Account, all amounts paid or incurred by the Administrative Agent pursuant to this Section 4.24.

4.25. LINE OF BUSINESS.

(a) Except as provided in Sections 4.20, 4.23 and 4.25(c), no Loan Party shall engage in any business other than the business in which it is currently engaged or plans to be engaged, as reflected in the Business Plan, or a business reasonably related thereto (the conduct of which reasonably related business is reflected in the Business Plan); provided that the foregoing shall not prohibit the expansion or contraction of a Loan Party’s business so long as the Loan Parties are still engaged solely in the retail sale of apparel, footwear and related accessories and other activities, ancillary, incidental or necessary thereto, and such expansion or contraction is otherwise permitted under other Sections of this Agreement.

(b) The Loan Parties, with the prior written notice to the Administrative Agent in each instance, may license the use of up to 5% of the selling space of any Store (measured in terms of square feet) for the operation of certain departments of their Stores by third parties.

 

-72-


(c) The Loan Parties, with the prior written consent of the Administrative Agent (as to which, see Section 4.25(c)(i)), may (x) license the use of more than 5% of the selling space of any Store (measured in terms of square feet) for the operation of certain departments by third parties and (y) franchise to others the right to operate comparable Stores, it being understood that:

(i) The Administrative Agent’s determination to consent to the Loan Parties’ activities described in Section 4.25(c) may be conditioned on the Administrative Agent’s being satisfied that the secured position of the Collateral Agent, and the Agents’ Rights and Remedies, would not be adversely affected by such restructuring and that such restructuring does not place any material additional administrative burdens on the Agents.

(ii) The Administrative Agent may provide such consent pursuant to this Section 4.25(c) on its own authority and without obtaining the Consent of the Majority Revolving Credit Lenders.

(iii) The Administrative Agent may condition its providing of such consent pursuant to this Section 4.25(c) on the Consent of the Majority Revolving Credit Lenders.

4.26. AFFILIATE TRANSACTIONS. No Loan Party shall make any payment, nor give any value, to any Affiliate except for:

(a) Goods and services actually purchased by that Loan Party from, or sold by that Loan Party to, such Affiliate for a price and on terms which shall

(i) be competitive and fully deductible as an “ordinary and necessary business expense” and/or fully depreciable under the Internal Revenue Code of 1986 and the Treasury Regulations, each as amended; and

(ii) be no less favorable to that Loan Party than those which would have been charged and imposed in an arms’ length transaction.

(b) Dividends, investments and other transactions expressly permitted pursuant to Section 4.20.

4.27. FURTHER ASSURANCES.

(a) No Loan Party is the owner of, nor has it any interest in, any property or asset which, immediately upon the satisfaction of the conditions precedent to the effectiveness of the credit facility contemplated hereby (Article 4) and the proper filing of Uniform Commercial Code Financing Statements and delivery of any Collateral in which a security interest must be perfected by possession, will not be subject to a perfected Collateral Interest in favor of the Collateral Agent (subject only to Permitted Encumbrances) to secure the Liabilities.

 

-73-


(b) Except as otherwise permitted by this Agreement, no Loan Party will hereafter acquire any asset or any interest in property which is not, immediately upon such acquisition, subject to such a perfected Collateral Interest in favor of the Collateral Agent to secure the Liabilities (subject only to Permitted Encumbrances).

(c) Each Loan Party shall execute and deliver to the Administrative Agent such instruments, documents, and papers, and shall do all such things from time to time hereafter as the Administrative Agent reasonably may request, to carry into effect the provisions and intent of this Agreement; to protect and perfect the Collateral Agent’s Collateral Interests in the Collateral; and to comply with all applicable statutes and laws, and facilitate the collection of the Receivables Collateral. Each Loan Party shall execute all such instruments as may be required by the Administrative Agent with respect to the recordation and/or perfection of the Collateral Interests created or contemplated herein.

(d) Each Loan Party hereby designates the Collateral Agent as and for that Loan Party’s true and lawful attorney, with full power of substitution, to sign and file any financing statements in order to perfect or protect the Collateral Agent’s Collateral Interests in the Collateral.

(e) This Agreement constitutes an authenticated record which authorizes the Collateral Agent to file such financing statements as the Collateral Agent determines as appropriate to perfect or protect the Agent’s Collateral Interests created hereby.

(f) A carbon, photographic, or other reproduction of this Agreement or of any financing statement or other instrument executed pursuant to this Section 4.27 shall be sufficient for filing to perfect the security interests granted herein.

4.28. ADEQUACY OF DISCLOSURE.

(a) All financial statements furnished to each Agent and each Revolving Credit Lender by each Loan Party have been prepared in accordance with GAAP consistently applied and present fairly the condition of the Loan Parties at the date(s) thereof and the results of operations and cash flows for the period(s) covered; provided, however, that unaudited financial statements are subject to normal year-end adjustments and to the absence of footnotes. There has been no change in the Consolidated financial condition, results of operations, or cash flows of the Loan Parties since the date(s) of the most recent financial statements delivered to the Administrative Agent, as supplemented by the Business Plan, other than changes in the ordinary course of business, which changes have not been materially adverse, either singularly or in the aggregate.

(b) Except as set forth on EXHIBIT 4.28(b), annexed hereto, no Loan Party has any contingent obligations or obligation under any Lease or Capital Lease which is not

 

-74-


noted in the Loan Parties’ Consolidated financial statements furnished to each Agent and each Revolving Credit Lender prior to the execution of this Agreement other than obligations which are entered into in the ordinary course of business since the date of such financial statement.

(c) No document, instrument, agreement, or paper now or hereafter given to any Agent and any Revolving Credit Lender by or on behalf of each Loan Party or any guarantor of the Liabilities in connection with the execution of this Agreement by each Agent and each Revolving Credit Lender (except for any projections provided by or on behalf of any Loan Party) contains or will contain any untrue statement of a material fact or omits or will omit to state a material fact necessary in order to make the statements therein not misleading.

4.29. NO RESTRICTIONS ON LIABILITIES. No Loan Party shall enter into or directly or indirectly become subject to any agreement which prohibits or restricts, in any manner, any Loan Party’s:

(a) Creation of, and granting of Collateral Interests in favor of the Collateral Agent.

(b) Incurrence of Liabilities.

4.30. OTHER COVENANTS. No Loan Party shall indirectly do or cause to be done any act which, if done directly by that Loan Party, would breach any covenant contained in this Agreement.

4.31. INVENTORY PURCHASING. Any Person which at any time becomes a Loan Party shall become party to, and shall at all times comply with the terms and conditions set forth in, the Inventory Purchase Agreement including, without limitation, the obligation of each Loan Party (other than CMRG Apparel) to purchase of all of its Inventory exclusively from CMRG Apparel; provided, however, RBT may directly purchase de minimis amounts of Inventory for its own account. The Inventory Purchase Agreement may not be amended, modified or supplemented, except for the addition of Loan Parties, or terminated without the prior written consent of the Administrative Agent.

4.32. SOLVENCY. After giving effect to the transactions contemplated hereby, the Borrowers’ Representative and its Subsidiaries taken as a whole, and each Borrower, is Solvent.

4.33. PATRIOT ACT. Each Loan Party is in compliance, in all material respects, with the Patriot Act. No part of the proceeds of the Revolving Credit Loans will be used by the Loan Parties, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended.

 

-75-


4.34. FOREIGN ASSETS CONTROL REGULATIONS. Neither the advance of the Revolving Credit Loans nor the use of the proceeds thereof will violate the Trading With the Enemy Act (50 U.S.C. § 1 et seq., as amended) (the “Trading With the Enemy Act”) or any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) (the “Foreign Assets Control Regulations”) or any enabling legislation or executive order relating thereto (which for the avoidance of doubt shall include, but shall not be limited to, (a) Executive Order 13224 of September 21, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001) (the “Executive Order”) and (b) the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56)). Furthermore, none of the Borrowers or their Affiliates (a) is or will become a “blocked person” as described in the Executive Order, the Trading With the Enemy Act or the Foreign Assets Control Regulations or (b) engages or will engage in any dealings or transactions, or be otherwise associated, with any such “blocked person” or in any manner violative of any such order.

ARTICLE 5 - FINANCIAL REPORTING AND PERFORMANCE COVENANTS:

5.1. MAINTAIN RECORDS. The Loan Parties shall:

(a) At all times, keep proper books of account, in which full, true, and accurate entries shall be made of all of the Loan Parties’ financial transactions, all in accordance with GAAP applied consistently with prior periods to fairly reflect the Consolidated financial condition of the Loan Parties at the close of, and its results of operations for, the periods in question.

(b) Timely provide the Administrative Agent with those financial reports, statements, and schedules required by this Article 5 or otherwise, each of which reports, statements and schedules shall be prepared, to the extent applicable, in accordance with GAAP applied consistently with prior periods to fairly reflect the Consolidated financial condition of the Loan Parties at the close of, and the results of operations for, the period(s) covered therein.

(c) At all times, keep accurate current records of the Collateral including, without limitation, accurate current stock, cost, and sales records of its Inventory, accurately and sufficiently itemizing and describing the kinds, types, and quantities of Inventory and the cost and selling prices thereof.

(d) At all times, retain Ernst & Young, LLP or such other independent certified public accountants who are reasonably satisfactory to the Administrative Agent and instruct such accountants to fully cooperate with, and be available to, the Administrative Agent to discuss the Loan Parties’ financial performance, financial condition, operating results, controls, and such other matters, within the scope of the retention of such accountants, as may be raised by the Administrative Agent.

 

-76-


(e) Not change any Loan Party’s Fiscal year.

5.2. ACCESS TO RECORDS.

(a) Each Loan Party shall accord the Administrative Agent with reasonable access on reasonable notice during customary business hours from time to time as the Administrative Agent reasonably may require to all properties owned by or over which any Loan Party has control. The Administrative Agent shall have the right during customary business hours on reasonable notice, and each Loan Party will permit the Administrative Agent from time to time as Administrative Agent reasonably may request, to examine, inspect, copy, and make extracts from any and all of the Loan Parties’ books, records, electronically stored data, papers, and files. Each Loan Party shall make all of that Loan Party’s copying facilities available to the Administrative Agent.

(b) Each Loan Party hereby authorizes the Administrative Agent during customary business hours on reasonable notice to:

(i) Inspect, copy, duplicate, review, cause to be reduced to hard copy, run off, draw off, and otherwise use any and all computer or electronically stored information or data which relates to any Loan Party, or any service bureau, contractor, accountant, or other person, and directs any such service bureau, contractor, accountant, or other person fully to cooperate with the Administrative Agent with respect thereto.

(ii) Verify at any time the Collateral or any portion thereof, including verification with Account Debtors, and/or with each Loan Party’s computer billing companies, collection agencies, and accountants and to sign the name of each Loan Party on any notice to each Loan Party’s Account Debtors or verification of the Collateral.

(c) The Borrowers’ Representative, on reasonable request from time to time from the Administrative Agent, will make representatives of management available from time to time to discuss the Loan Parties’ operating results and other related matters with the Administrative Agent.

(d) The Administrative Agent from time to time may designate one or more representatives to exercise the Administrative Agent’s rights under this Section 5.2 as fully as if the Administrative Agent were doing so.

 

-77-


5.3. PROMPT NOTICE TO ADMINISTRATIVE AGENT.

(a) The Borrowers’ Representative shall provide the Administrative Agent with written notice promptly upon its becoming aware of the occurrence of any of the following events, which written notice shall be with reasonable particularity as to the facts and circumstances in respect of which such notice is being given:

(i) Any material adverse change in the business affairs of any Loan Party.

(ii) Any change in the executive officers of any Loan Party.

(iii) Any ceasing of the Loan Parties’ making of payments, in the ordinary course, to any of its creditors, on account of obligations aggregating in excess of $1,000,000.00 (including the ceasing of the making of such payments on account of a dispute with the subject creditor).

(iv) Any failure by a Loan Party to pay rent at (A) any leased distribution center at which such Loan Party maintains Inventory, (B) ten percent (10%) or more of such Loan Party’s store locations or (C) any of such Loan Party’s locations if such failure continues for more than ten (10) days following the day on which such rent first came due, except in the event that such rent is timely paid into a valid escrow account as a result of a bona fide dispute.

(v) Any Default.

(vi) Any intention on the part of a Loan Party to discharge that Loan Party’s present independent accountants or any withdrawal or resignation by such independent accountants from their acting in such capacity (as to which, see Subsection 5.1(d)).

(vii) Any litigation which, if determined adversely to a Loan Party, would have a material adverse effect on the financial condition of that Loan Party.

(b) The Borrowers’ Representative shall:

(i) At the request of the Administrative Agent, provide the Administrative Agent with a copy of the results of any physical or cycle count of a Loan Party’s Inventory.

(ii) Provide the Administrative Agent, when received by any Loan Party, with a copy of any management letter or similar communications from any accountant of that Loan Party.

(iii) Provide the Administrative Agent with copies of all filings by each Loan Party with the Securities and Exchange Commission, when so filed, and when received, copies of all correspondence from the SEC, other than routine non-substantive general communications from the SEC.

 

-78-


(iv) Provide the Administrative Agent with written notice of any intended bulk sale, liquidation, or other disposition of assets of any Loan Party at least ten (10) Business Days prior to the consummation of such sale or disposition, or commencement of such liquidation and a detailed summary of the net proceeds expected to be received therefrom; provided that nothing in this Section is intended to be, or shall be deemed to be, a waiver of any restriction on such disposition of assets set forth elsewhere in this Agreement, including, without limitation, Section 4.14.

(v) Provide the Administrative Agent, when so distributed, with copies of any materials distributed to the shareholders of Casual Male and each of the other Loan Parties (qua such shareholders).

5.4. BORROWING BASE CERTIFICATE. The Borrowers’ Representative shall provide the Administrative Agent on the fourth Business Day of each Fiscal Month as of the close of business the last day of the immediately preceding month, with a Borrowing Base Certificate; provided that, upon the occurrence and during the continuance of an Accelerated Borrowing Base Delivery Event, at the election of the Administrative Agent, such Borrowing Base Certificate shall be delivered weekly on Thursday of each week as of the close of business for the immediately preceding week. Such Certificate may be sent to the Administrative Agent by facsimile transmission or by electronic mail, provided that the original thereof is forwarded to the Administrative Agent on the date of such transmission.

5.5. MONTHLY REPORTS. Monthly, within thirty (30) days following the end of each Fiscal month of the Loan Parties, the Borrowers’ Representative shall provide the Administrative Agent with the following:

(a) A management prepared Consolidated financial statement of the Loan Parties for the subject month and for the period from the beginning of the Loan Parties’ then current Fiscal year through the end of the subject month, with comparative information for the same period of the previous Fiscal year and to the Business Plan or updated forecast, which statement shall include, at a minimum, a balance sheet, income statement, and cash flows.

(b) The Compliance Certificate described in Section 5.8.

5.6. QUARTERLY REPORTS. Quarterly, within fifty (50) days following the end of each Fiscal quarter of the Loan Parties, the Borrowers’ Representative shall provide the Administrative Agent with the following:

(a) A management prepared Consolidated financial statement of the Loan Parties for the subject quarter and for the period from the beginning of the Loan Parties’ then current Fiscal year through the end of the subject quarter, with comparative information for the same period of the previous Fiscal year and to the Business Plan or updated forecast, which statement shall include, at a minimum, a balance sheet, income statement, and cash flows.

 

-79-


(b) The Compliance Certificate described in Section 5.8.

5.7. ANNUAL REPORTS.

(a) Annually within ninety-five (95) days following the end of the Loan Parties’ Fiscal year, the Borrowers’ Representative shall furnish the Administrative Agent with the following:

(i) The Loan Parties’ annual Consolidated financial statement (with consolidating schedules), which statement shall have been prepared by, and bear the unqualified opinion of, the Loan Parties’ independent certified public accountants (i.e. said statement shall be “certified” by such accountants). Such annual statement shall include, at a minimum (with comparative information for the then prior Fiscal year), a balance sheet, income statement, statement of changes in shareholders’ equity, and cash flows.

(ii) The following Consolidated financial statements for the Loan Parties for the prior Fiscal year (each prepared by the Loan Parties’ independent accountants): Balance sheet, income statement, statement of changes in stockholders’ equity and cash flow.

(b) Each annual financial statement shall be accompanied by such accountant’s certificate certifying such annual financial statement.

(c) Annually within thirty (30) days following the end of each of the Loan Parties’ Fiscal years, the Borrowers’ Representative shall furnish the Administrative Agent with an updated Business Plan for the current Fiscal year which Business Plan shall include, at a minimum, a balance sheet, income statement, cash flows, and availability model each on a monthly basis for the following twelve (12) month period.

(d) Documents required to be delivered pursuant to this Section 5.7 and Sections 5.5 and 5.6 (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date: (i) on which the Borrowers’ Representative posts such documents, or provides a link thereto, on the Borrowers’ Representative’s website on the Internet at the website address from time to time provided by the Borrowers’ Representative to the Administrative Agent; or (ii) on which such documents are posted on the Borrowers’ Representative’s behalf on an Internet or intranet website, if any, to which each Revolving Credit Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that: (i) the Borrowers’ Representative shall deliver paper copies of such documents to the Administrative Agent or any

 

-80-


Revolving Credit Lender that requests the Borrowers’ Representative to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Revolving Credit Lender and (ii) the Borrowers’ Representative shall notify the Administrative Agent and each Revolving Credit Lender (by telecopier or electronic mail) of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. The Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Loan Parties with any such request for delivery, and each Revolving Credit Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

5.8. COMPLIANCE CERTIFICATES. The Borrowers’ Representative shall cause the Borrowers’ Representative’s Chief Executive Officer, its President or its Chief Financial Officer of the Borrowers’ Representative, in each instance, to provide such Person’s certificate, in the form annexed hereto as EXHIBIT 5.8 (each such certificate, a “Compliance Certificate”), with those monthly, quarterly, and annual statements to be furnished pursuant to this Agreement, which Compliance Certificate shall:

(a) Indicate that the subject financial statement was prepared in accordance with GAAP consistently applied and presents fairly the Consolidated financial condition of the Loan Parties at the close of, and the results of the Loan Parties’ operations and cash flows for, the period(s) covered thereby, subject, however to the following:

(i) Usual year-end adjustments (this exception shall not be included in the Compliance Certificate which accompanies the Loan Parties’ annual financial statement).

(ii) Material Accounting Changes.

(b) Indicate either that (i) no Default has occurred and is continuing, or (ii) if a Default has occurred and is continuing, its nature (in reasonable detail) and the steps (if any) being taken or contemplated by the Loan Parties to be taken on account thereof.

5.9. INVENTORIES, APPRAISALS, AND AUDITS.

(a) The Administrative Agent may observe each inventory and any cycle count of the Collateral which is undertaken on behalf of any Loan Party. The Loan Parties shall conduct not less than one (1) physical inventory per Store and one (1) cycle count per warehouse, per Fiscal year. The Administrative Agent does not contemplate undertaking or requiring any additional physical inventories or cycle counts by or of the Loan Parties; provided, however, the Administrative Agent may do so if a Default has occurred and is continuing.

(i) On the Administrative Agent’s request, the Borrowers’ Representative shall provide the Administrative Agent with a copy of the preliminary

 

-81-


results of each such physical inventory and cycle count (as well as of any other physical inventory or cycle count undertaken by any Loan Party) within ten (10) days following the completion of such physical inventory and such cycle count.

(ii) The Borrowers’ Representative, within thirty (30) days following the completion of such physical inventory and such cycle count, shall provide the Administrative Agent with a reconciliation of the results of each such physical inventory and cycle count (as well as of any other physical inventory or cycle count undertaken by any Loan Party) and shall post such results to the Loan Parties’ stock ledger and, as applicable to the Loan Parties’ other financial books and records.

(iii) The Administrative Agent, in its discretion, if a Default has occurred and is continuing, may cause such additional physical inventories and cycle counts to be taken as the Administrative Agent determines (each, at the expense of the Loan Parties).

(b) The Administrative Agent may obtain appraisals of the Collateral conducted by such appraisers as are satisfactory to the Administrative Agent. As of the Closing Date, the Administrative Agent shall be entitled to obtain one (1) appraisal (at the Loan Parties’ expense) of the Loan Parties’ Inventory during any twelve (12) month period during which this Agreement is in effect, conducted by such appraisers as are satisfactory to the Administrative Agent; provided that, if Excess Availability at any time is less than fifty percent (50%) of the Loan Cap, the Loan Parties acknowledge that the Administrative Agent may, in its discretion, undertake up to two (2) appraisals of the Loan Parties’ Inventory in the following twelve (12) month period at the Loan Parties’ expense; provided further that, if Excess Availability at any time is less than fifteen percent (15%) of the Loan Cap, the Loan Parties acknowledge that the Administrative Agent may, in its discretion, undertake up to three (3) appraisals of the Loan Parties’ Inventory in the following twelve (12) month period at the Loan Parties’ expense. In addition, the Administrative Agent may obtain additional appraisals at its own expense; provided, however, following the occurrence of an Event of Default, the Administrative Agent may cause additional appraisals to be undertaken at the Loan Parties’ expense.

(c) The Administrative Agent may obtain commercial finance audits of the Loan Parties’ books and records, conducted by such examiners as are satisfactory to the Administrative Agent. As of the Closing Date, the Administrative Agent shall be entitled to conduct one (1) commercial finance audit (at the Loan Parties’ expense) of the Loan Parties’ books and records during any twelve (12) month period during which this Agreement is in effect, conducted by such examiners as are satisfactory to the Administrative Agent; provided that, if Excess Availability at any time is less than fifty percent (50%) of the Loan Cap, the Loan Parties acknowledge that the Administrative Agent may, in its discretion, undertake up to two (2) commercial finance audits of the Loan Parties’ books and records in the following twelve (12) month period at the Loan Parties’ expense; provided further that, if Excess Availability at any time is less than fifteen percent (15%) of the Loan Cap, the Loan Parties acknowledge that the Administrative Agent may, in its discretion, undertake up to three (3) commercial finance audits of the Loan Parties’ books and records in the following twelve (12) month period at the Loan Parties’ expense. In addition, the Administrative Agent may obtain

 

-82-


additional commercial finance audits at its own expense; provided, however, following the occurrence of an Event of Default, the Administrative Agent may cause additional commercial finance audits to be undertaken at the Loan Parties’ expense.

5.10. ADDITIONAL FINANCIAL INFORMATION.

(a) In addition to all other information required to be provided pursuant to this Article 5, the Borrowers’ Representative promptly shall provide the Administrative Agent with such other and additional information concerning the Loan Parties (and any guarantor of the Liabilities), the Collateral, the operation of the Loan Parties’ business, and the Loan Parties’ financial condition, including original counterparts of financial reports and statements, as the Administrative Agent reasonably may from time to time request, in its reasonable discretion.

(b) Each Loan Party recognizes that all appraisals, inventories, analyses, financial information, and other materials which the Administrative Agent may obtain, develop, or receive with respect to the Loan Parties are confidential to the Administrative Agent and that, except with the consent of the Administrative Agent, no Loan Party is entitled to receipt of any of such appraisals, inventories, analyses, financial information, and other materials, nor copies or extracts thereof or therefrom.

5.11. EXCESS AVAILABILITY COVENANT. The Loan Parties shall maintain Excess Availability at all times of not less than the greater of (a) ten percent (10%) of the Loan Cap or (b) $5,000,000.00.

ARTICLE 6 - USE OF COLLATERAL:

6.1. USE OF INVENTORY COLLATERAL.

(a) No Loan Party shall engage in any of the following with respect to its Inventory:

(i) Any sale other than for fair consideration in the conduct of the Loan Parties’ business in the ordinary course.

(ii) Sales or other dispositions to creditors.

(iii) Sales or other dispositions in bulk, except for Permitted Asset Dispositions.

(iv) Sales of any Collateral in breach of any provision of this Agreement.

(b) No sale of Inventory shall be on consignment, approval, or under any other circumstances such that, with the exception of the Loan Parties’ customary return policy applicable to the return of Inventory purchased by the Loan Parties’ retail customers in the ordinary course, such Inventory may be returned to a Loan Party without the consent of the

 

-83-


Administrative Agent, unless, in the case of Inventory consigned by a Loan Party to another Person, (i) such Loan Party has filed against the third party consignee a UCC financing statement or such other registration (which UCC financing statement or other registration shall be assigned to the Collateral Agent) as the Administrative Agent may reasonably determine to be necessary to perfect and protect its security interest in such consigned Inventory, and (ii) as to which such Loan Party has delivered to each secured party of the third party consignee (if any) notice of such Loan Party’s interest in such Inventory to the extent required pursuant to the UCC or other Applicable Law.

6.2. INVENTORY QUALITY. All Inventory now owned or hereafter acquired by a Loan Party is and will be of good and merchantable quality and free from defects (other than defects within customary trade tolerances), other than Inventory owned or acquired for outlet stores, which in the ordinary course sell manufacturer’s overruns, discontinued lines, and irregulars.

6.3. ADJUSTMENTS AND ALLOWANCES. Each Loan Party may grant such allowances or other adjustments to that Loan Party’s Account Debtors (exclusive of extending the time for payment of any material Account or Account Receivable, which shall not be done without first obtaining the Administrative Agent’s prior written consent in each instance) as that Loan Party may reasonably deem to accord with sound business practice, provided, however, at any time that a Default has occurred and is continuing, the authority granted the Loan Parties pursuant to this Section 6.3 may be limited or terminated by the Administrative Agent at any time in the Administrative Agent’s reasonable discretion.

ARTICLE 7 - CASH MANAGEMENT. PAYMENT OF LIABILITIES:

7.1. DEPOSITORY ACCOUNTS.

(a) Annexed hereto as EXHIBIT 7.1 is a schedule of all present DDA’s, which schedule includes, with respect to each depository: (i) the name and address of that depository; (ii) the account number(s) of the account(s) maintained with such depository; and (iii) a contact person at such depository.

(b) The Borrowers’ Representative shall deliver to the Administrative Agent, as a condition to the effectiveness of this Agreement, a Blocked Account Agreement with each Blocked Account Bank.

(c) No Loan Party will establish any deposit account other than an Exempt DDA, unless the Borrowers’ Representative provides the Administrative Agent with notice thereof and, if required pursuant to the terms of this Agreement, a Blocked Account Agreement.

 

-84-


7.2. CREDIT CARD RECEIPTS.

(a) Annexed hereto as EXHIBIT 7.2 is a schedule which describes all arrangements to which each Loan Party is a party with respect to the payment to such Loan Party of the proceeds of all credit card charges for sales by such Loan Party.

(b) The Borrowers’ Representative shall deliver to the Administrative Agent, as a condition to the effectiveness of this Agreement, notification, executed on behalf of the relevant Loan Party, to each of such Loan Party’s credit card clearinghouses and processors (in form satisfactory to the Administrative Agent), which notice provides that payment of all credit card charges submitted by any Loan Party to that clearinghouse or processor and any other amount payable to any Loan Party by such clearinghouse or processor shall be directed to (i) a Blocked Account or (ii) after the occurrence and during the continuance of a Cash Dominion Event, the Administrative Agent’s Account or as otherwise designated from time to time by the Administrative Agent. No Loan Party shall change such direction or designation except upon and with the prior written consent of the Administrative Agent.

7.3. THE ADMINISTRATIVE AGENTS, BLOCKED, AND OPERATING ACCOUNTS.

(a) The following checking accounts have been or will be established (and are so referred to herein):

(i) The “Administrative Agent’s Account” (so referred to herein): Established by the Administrative Agent with Bank of America.

(ii) The “Blocked Accounts” (so referred to herein): The deposit accounts from time to time established by any Loan Party with a Blocked Account Bank in respect of which the Agent has required a Blocked Account Agreement pursuant to the terms of this Agreement.

(iii) The “Operating Account” (so referred to herein): Established by the Borrowers’ Representative with Bank of America.

(b) The contents of each DDA and of the Blocked Accounts constitutes Collateral and Proceeds of Collateral. The contents of the Administrative Agent’s Account constitutes the Administrative Agent’s property.

(c) The Loan Parties shall pay all fees and charges of, and maintain such impressed balances as may be required by the depository in which any account is opened as required hereby (even if such account is opened by and/or is the property of the Administrative Agent).

7.4. PROCEEDS AND COLLECTIONS.

(a) All Receipts and all other cash proceeds of any sale or other disposition of any of each Loan Party’s assets:

(i) Constitute Collateral and proceeds of Collateral.

 

-85-


(ii) Shall be held in trust by the Loan Parties for the Administrative Agent.

(iii) Shall not be commingled with any of any Loan Party’s other funds.

(iv) Shall be deposited in a DDA or a Blocked Account and, after the occurrence and during the continuance of a Cash Dominion Event, shall be transferred only to a Blocked Account and/or the Administrative Agent’s Account.

(b) The Borrowers’ Representative shall cause by ACH or wire transfer to a Blocked Account, no less frequently than daily (and whether or not there is then an outstanding balance in the Loan Account), the following:

(i) The entire contents (net of any minimum required balance not in any event to exceed $2500) of each DDA (but excluding any Exempt DDA).

(ii) The proceeds of all credit card charges not otherwise provided for pursuant hereto.

So long as no Cash Dominion Event has occurred and is continuing, the Loan Parties may direct, and shall have sole control over, the manner of disposition of funds in the Blocked Accounts.

(c) After the occurrence and during the continuance of a Cash Dominion Event, the Borrowers’ Representative shall cause by ACH or wire transfer to the Administrative Agent’s Account, no less frequently than daily (and whether or not any Liabilities are then outstanding), of the entire ledger balance (net of any minimum required balance not in any event to exceed $2500) of each Blocked Account.

(d) In the event that, notwithstanding the provisions of this Section 7.4, any Loan Party receives or otherwise has dominion and control of any Receipts, or any other proceeds or collections of any Collateral, after the occurrence and during the continuance of a Cash Dominion Event, such Receipts, proceeds, and collections shall be held in trust by that Loan Party for the Administrative Agent, shall not be commingled with any of that Loan Party’s other funds or deposited in any account of any Loan Party and shall, not later than the Business Day after receipt thereof, be deposited into the Administrative Agent’s Account or dealt with in such other fashion as such Loan Party may be instructed by the Administrative Agent.

7.5. PAYMENT OF LIABILITIES.

(a) On each Business Day, the Administrative Agent shall apply the then collected balance of the Administrative Agent’s Account (net of fees charged, and of such impressed balances as may be required by the bank at which the Administrative Agent’s Account is maintained) first, against the SwingLine Loans (if any), and, second, against the unpaid balance of the Loan Account. For purposes of the calculation of interest on the unpaid principal balance of the Loan Account, such payment shall be deemed to have been made one (1) Business Day after such transfer, and further provided that until the occurrence, and during

 

-86-


the continuance, of an Event of Default, unless the Borrower Representative otherwise instructs the Administrative Agent, the balance of the Administrative Agent’s Account shall not be applied to any LIBOR Loans until the end of the applicable Interest Period therefor.

(b) The following rules shall apply to deposits and payments under and pursuant to this Section 7.5:

(i) Funds shall be deemed to have been deposited to the Administrative Agent’s Account on the Business Day on which deposited, provided that such deposit is delivered to the Administrative Agent by 2:00 PM on that Business Day.

(ii) Funds paid to the Administrative Agent, other than by deposit to the Administrative Agent’s Account, shall be deemed to have been received on the Business Day when they are good and collected funds, provided that such payment is delivered to the Administrative Agent by 2:00 PM on that Business Day.

(iii) If a deposit to the Administrative Agent’s Account (Section 7.5(b)(i)) or payment (Section 7.5(b)(ii)) is not delivered to the Administrative Agent until after 2:00 PM on a Business Day, such deposit or payment shall be deemed to have been made at 9:00 AM on the then next Business Day.

(iv) All deposits to the Administrative Agent’s Account and other payments to the Administrative Agent are subject to clearance and collection.

(c) The Administrative Agent shall transfer to the Operating Account any surplus in the Administrative Agent’s Account remaining after the application towards the Liabilities referred to in Section 7.5(a) above (less those amount which are to be netted out, as provided therein); provided, however, in the event that

(i) a Default has occurred and is continuing; and

(ii) one or more L/C’s are then outstanding;

then the Administrative Agent may establish a funded reserve of up to 103% of the aggregate of the Stated Amounts of such L/C’s. Such funded reserve shall either be (i) returned to the Borrowers’ Representative at such time that no Default has occurred and is continuing or (ii) applied towards the Liabilities following Acceleration.

7.6. THE OPERATING ACCOUNT. Except as otherwise specifically provided in, or permitted by, this Agreement, all checks shall be drawn by the Borrowers’ Representative upon, and other disbursements shall be made by the Borrowers’ Representative solely from, the Operating Account.

 

-87-


ARTICLE 8 - GRANT OF SECURITY INTEREST:

8.1. GRANT OF SECURITY INTEREST. To secure the Borrowers’ prompt, punctual, and faithful performance of all and each of the Liabilities, each Borrower hereby grants to the Collateral Agent, for the benefit of the Secured Parties as their interests may appear herein, a continuing security interest in and to, and assigns to the Collateral Agent, for the benefit of the Secured Parties as their interests may appear herein the following, and each item thereof, whether now owned or now due, or in which that Borrower has an interest, or hereafter acquired, arising, or to become due, or in which that Borrower obtains an interest, and all products, Proceeds, substitutions, and accessions of or to any of the following (all of which, together with any other property in which the Collateral Agent may in the future be granted a security interest, is referred to herein as the “Collateral”; any of the following terms not defined in this Agreement shall have the meanings attributed thereto in the UCC):

(a) All Accounts and accounts receivable.

(b) All Inventory.

(c) All General Intangibles.

(d) All Equipment.

(e) All Goods.

(f) All Farm Products.

(g) All Fixtures.

(h) All Chattel Paper.

(i) All Letter-of-Credit Rights.

(j) All Payment Intangibles.

(k) All Supporting Obligations.

(l) All books, records, and information relating to the Collateral and/or to the operation of each Borrower’s business, and all rights of access to such books, records, and information, and all property in which such books, records, and information are stored, recorded, and maintained.

(m) All Leasehold Interests.

(n) All Investment Property, Instruments, Documents, Deposit Accounts, money, policies and certificates of insurance, deposits, impressed accounts, compensating balances, cash, or other property.

(o) Commercial Tort Claims

 

-88-


(p) All insurance proceeds, refunds, and premium rebates, including, without limitation, proceeds of fire and credit insurance, whether any of such proceeds, refunds, and premium rebates arise out of any of the foregoing (8.1(a) through 8.1(n)) or otherwise.

(q) All liens, guaranties, rights, remedies, and privileges pertaining to any of the foregoing (8.1(a) through 8.1(p)), including the right of stoppage in transit.

Notwithstanding anything in this Agreement to the contrary, with respect to each item of Collateral constituting Equipment subject to a Capital Lease, or constituting an agreement, license, permit or other instrument of a Borrower, such item shall be subject to the security interest created hereby only to the extent that the granting of such security interest, under the terms of such Capital Lease, agreement, license, permit or other instrument, or as provided by law, does not cause any default under or termination of such Capital Lease, agreement, license, permit or other instrument or the loss of any material right of a Borrower thereunder; provided, however, that in no event shall the foregoing be construed to exclude from the security interest created by this Agreement, proceeds or products of any such Capital Lease, agreement, license, permit or other instrument of a Borrower or any accounts receivable or the right to payments due or to become due a Borrower under any such agreement or other instrument.

8.2. EXTENT AND DURATION OF SECURITY INTEREST; NOTICE.

(a) The security interest created and granted herein is in addition to, and supplemental of, any security interest previously granted by any Borrower to the Collateral Agent and shall continue in full force and effect applicable to all Liabilities until both (a) all Liabilities have been paid and/or satisfied in full and (b) the security interest created herein is specifically terminated in writing by a duly authorized officer of the Collateral Agent.

(b) It is intended that the Collateral Interests created herein extend to and cover all assets of each Borrower.

(c) If a Borrower shall at any time acquire a Commercial Tort Claim, the Borrowers’ Representative shall promptly notify the Administrative Agent in writing of the details thereof and the Borrower shall take such actions as the Collateral Agent shall request in order to grant to the Collateral Agent, for the benefit of the Revolving Credit Lenders as their interests may appear herein, a perfected and first priority security interest therein and in the Proceeds thereof.

ARTICLE 9 - COLLATERAL AGENT AS ATTORNEY-IN-FACT:

9.1. APPOINTMENT AS ATTORNEY-IN-FACT. Each Borrower hereby irrevocably constitutes and appoints the Collateral Agent (acting through any of its officers or representatives) as that Borrower’s true and lawful attorney, with full power of substitution, following the occurrence of an Event of Default, to convert the Collateral into cash at the sole risk, cost, and expense of that Borrower, but for the sole benefit of the Agents and the Secured Parties. The rights and powers granted the Collateral Agent by this appointment include but are not limited to the right and power to:

(a) Prosecute, defend, compromise, or release any action relating to the Collateral.

 

-89-


(b) Sign change of address forms to change the address to which each Borrower’s mail is to be sent to such address as the Collateral Agent shall designate; receive and open each Borrower’s mail; remove any Receivables Collateral and Proceeds of Collateral therefrom and turn over the balance of such mail either to the Borrowers’ Representative or to any trustee in bankruptcy or receiver of the Borrowers’ Representative, or other legal representative of a Borrower whom the Collateral Agent determines to be the appropriate person to whom to so turn over such mail.

(c) Endorse the name of the relevant Borrower in favor of the Collateral Agent upon any and all checks, drafts, notes, acceptances, or other items or instruments; sign and endorse the name of the relevant Borrower on, and receive as secured party, any of the Collateral, any invoices, schedules of Collateral, freight or express receipts, or bills of lading, storage receipts, warehouse receipts, or other documents of title respectively relating to the Collateral.

(d) Sign the name of the relevant Borrower on any notice to that Borrower’s Account Debtors or verification of the Receivables Collateral; sign the relevant Borrower’s name on any Proof of Claim in Bankruptcy against Account Debtors, and on notices of lien, claims of mechanic’s liens, or assignments or releases of mechanic’s liens securing the Accounts.

(e) Take all such action as may be necessary to obtain the payment of any letter of credit and/or banker’s acceptance of which any Borrower is a beneficiary.

(f) Repair, manufacture, assemble, complete, package, deliver, alter or supply goods, if any, necessary to fulfill in whole or in part the purchase order of any customer of each Borrower.

(g) Use, license or transfer any or all General Intangibles of each Borrower.

9.2. NO OBLIGATION TO ACT. The Collateral Agent shall not be obligated to do any of the acts or to exercise any of the powers authorized by Section 9.1 herein, but if the Collateral Agent elects to do any such act or to exercise any of such powers, it shall not be accountable for more than it actually receives as a result of such exercise of power, and shall not be responsible to any Borrower for any act or omission to act except for any act or omission to act as to which there is a final determination made in a judicial proceeding (in which proceeding the Collateral Agent has had an opportunity to be heard) which determination includes a specific finding that the subject act or omission to act had been grossly negligent or in actual bad faith or constituted willful misconduct.

 

-90-


ARTICLE 10 - EVENTS OF DEFAULT:

The occurrence of any event described in this Article 10 respectively shall constitute an “Event of Default” herein.

10.1. FAILURE TO PAY THE REVOLVING CREDIT FACILITY. The failure by any Loan Party to pay when due any principal of, interest on, or fees in respect of, the Revolving Credit Facility.

10.2. FAILURE TO MAKE OTHER PAYMENTS. The failure by any Loan Party to pay within five (5) Business Days when due (or upon demand, if payable on demand) any payment Liability other than any payment liability on account of the principal of, or interest on, or fees in respect of, the Revolving Credit Facility.

10.3. FAILURE TO PERFORM COVENANT OR LIABILITY (NO GRACE PERIOD). The failure by any Loan Party to promptly, punctually, faithfully and timely perform, discharge, or comply with any covenant or Liability not otherwise described in Section 10.1 or Section 10.2 hereof, and included in any of the following provisions hereof:

 

Section

  

Relates to            :

4.5    Location of Collateral
4.7(a)    Title to Assets
4.8    Indebtedness
4.9    Insurance Policies
4.20    Dividends, Investments and Other Entity Actions
4.26    Affiliate Transactions
4.27    Further Assurances
5.11    Excess Availability Covenant
6.1    Use of Inventory Collateral
Article 7    Cash Management (except if the failure to comply is as a result of force majeure or through no fault of the Loan Parties)

10.4. FINANCIAL REPORTING REQUIREMENTS. The failure by any Loan Party to promptly, punctually, faithfully and timely perform, discharge, or comply with the financial reporting requirements included in Article 5, subject, however, to the following limited number of grace periods applicable to certain of those requirements:

 

REPORT / STATEMENT

   REQUIRED
BY
SECTION
  

GRACE PERIOD

  

NUMBER OF GRACE PERIODS

Borrowing Base Certificates

   5.4    One Business Day    Three per Fiscal Quarter

Monthly Reports (30 Days)

   5.5    Three Business Days    Three in any 12 months

 

-91-


10.5. FAILURE TO PERFORM COVENANT OR LIABILITY (GRACE PERIOD). The failure by any Loan Party, within fifteen (15) days following the earlier of any Loan Party’s knowledge of a breach of any covenant or Liability not described in any of Sections 10.1, 10.2, 10.3, or 10.4, or of the Borrowers’ Representative’s receipt of written notice from the Administrative Agent of the breach of any such covenants or Liabilities.

10.6. MISREPRESENTATION. The determination by the Administrative Agent that any representation or warranty at any time made by any Loan Party to any Agent or any Revolving Credit Lender was not true or complete in all material respects when given.

10.7. ACCELERATION OF OTHER DEBT; BREACH OF LEASE. The occurrence of any event such that any Indebtedness of any Loan Party in excess of $5,000,000.00 to any creditor other than the Agent or any Revolving Credit Lender could be accelerated or, without the consent of a Loan Party, Leases with aggregate monthly rents of at least $1,000,000.00 could be terminated prior to the stated termination date thereof (whether or not the subject creditor or lessor takes any action on account of such occurrence).

10.8. DEFAULT UNDER OTHER AGREEMENTS. The occurrence of any breach or default under any agreement between the Agent or any Revolving Credit Lender and any Loan Party or instrument or paper given the Agent or any Revolving Credit Lender by any Loan Party not constituting a Loan Document, whether such agreement, instrument, or paper now exists or hereafter arises, with respect to Indebtedness in excess of $5,000,000.00 (notwithstanding that the Agent or the subject Revolving Credit Lender may not have exercised its rights upon default under any such other agreement, instrument or paper).

10.9. UNINSURED CASUALTY LOSS. The occurrence of any uninsured loss, theft, damage, or destruction of or to any material portion of the Collateral.

10.10. ATTACHMENT; JUDGMENT; RESTRAINT OF BUSINESS.

(a) The service of process upon any Agent or any Revolving Credit Lender or any Participant of a court order or order of any other applicable governmental authority attaching, by trustee, mesne, or other process, any funds of any Loan Party on deposit with, or assets of any Loan Party in the possession of, that Agent or that Revolving Credit Lender or such Participant.

 

-92-


(b) The entry of judgments against any Loan Party, to the extent not covered by insurance (subject to a reasonable deductible) aggregating more than $750,000, which judgments are not satisfied (if a money judgment) or appealed from (with execution or similar process stayed) within thirty (30) days of entry.

(c) The entry of any order or the imposition of any other process having the force of law, the effect of which is to restrain in any material way the conduct by any Loan Party of its business in the ordinary course.

10.11. INDICTMENT - FORFEITURE. The indictment of, or institution of any legal process or proceeding against, any Loan Party, under any federal, state, municipal, and other civil or criminal statute, rule, regulation, order, or other requirement having the force of law where the relief, penalties, or remedies sought or available include the forfeiture of more than a de minimis part of the property of that Loan Party and/or the imposition of any stay or other order, the effect of which could be to restrain in any material way the conduct by any Loan Party of its business in the ordinary course.

10.12. CHALLENGE TO LOAN DOCUMENTS.

(a) Any challenge by or on behalf of the Borrowers’ Representative, any Loan Party to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document’s terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest created by or in any Loan Document or any payment made pursuant thereto.

(b) Any determination by any court or any other judicial or government authority that any Loan Document is not enforceable strictly in accordance with the subject Loan Document’s terms or which voids, avoids, limits, or otherwise adversely affects any security interest created by any Loan Document or any payment made pursuant thereto.

10.13. CHANGE IN CONTROL. Any Change in Control.

10.14. BUSINESS FAILURE. Any act by, against or relating to any Loan Party, or its property or assets, which act constitutes the determination by any Loan Party to initiate or acquiesce to: a program of partial or total self-liquidation; an application for, consent to, or sufferance of the appointment of a receiver, trustee, or other person, pursuant to court action or otherwise, with respect to all or any part of any Loan Party’s property; the granting of any trust mortgage or execution of an assignment for the benefit of the creditors of any Loan Party; any other voluntary or involuntary liquidation or extension of debt agreement for any Loan Party; the offering by, or entering into by, any Loan Party of any composition, extension, or any other arrangement seeking relief from or extension of the debts of any Loan Party; or the initiation of any judicial or non-judicial proceeding or agreement by, against, or including any Loan Party which seeks or intends to

 

-93-


accomplish a reorganization or arrangement with creditors; and/or the initiation by or on behalf of any Loan Party of the liquidation or winding up of all or any part of any Loan Party’s business or operations.

10.15. BANKRUPTCY. The failure by any Loan Party to generally pay the debts of that Loan Party as they mature; adjudication of bankruptcy or insolvency relative to any Loan Party; the entry of an order for relief or similar order with respect to any Loan Party in any proceeding pursuant to the Bankruptcy Code or any other federal bankruptcy law; the filing of any complaint, application, or petition by any Loan Party initiating any matter in which any Loan Party is or may be granted any relief from the debts of that Loan Party pursuant to the Bankruptcy Code or any other insolvency statute or procedure; the filing of any complaint, application, or petition against any Loan Party initiating any matter in which that Loan Party is or may be granted any relief from the debts of that Loan Party pursuant to the Bankruptcy Code or any other insolvency statute or procedure, which complaint, application, or petition is not timely contested in good faith by that Loan Party by appropriate proceedings or, if so contested, is not dismissed within ninety (90) days of when filed.

10.16. TERMINATION OF BUSINESS. Unless subject to the prior written consent of the Agent, the determination of the Loan Parties, whether by vote of the Loan Parties’ board of directors or otherwise to: suspend the operation of the Loan Parties’ business in the ordinary course, liquidate all or a material portion of the Loan Parties’ assets or Stores, or employ an agent or other third party to conduct any so-called store closing, store liquidation or “Going-Out-Of-Business” sales (other than in connection with a Permitted Asset Disposition).

10.17. PAYMENT OF OTHER INDEBTEDNESS. The Loan Parties shall prepay or discharge any Indebtedness prior to its maturity date except as expressly permitted hereunder.

10.18. DEFAULT BY GUARANTOR; TERMINATION OF GUARANTY. The occurrence of any Guarantor Default and/or the termination or attempted termination of any Guaranty Agreement by any Person.

10.19. MATERIAL ADVERSE CHANGE. An event shall have occurred or failed to occur, which occurrence or failure is or could have a materially adverse effect upon the financial condition of Casual Male and its Subsidiaries when compared with such financial condition as of July 31, 2010.

 

-94-


ARTICLE 11 - RIGHTS AND REMEDIES UPON DEFAULT:

11.1. ACCELERATION. Upon the occurrence of any Event of Default, the Administrative Agent may (and on the issuance of Acceleration Notice(s) requisite to the causing of Acceleration, the Administrative Agent shall) declare all Indebtedness of the Loan Parties to the Revolving Credit Lenders to be immediately due and payable and may exercise all of the Administrative Agent’s Rights and Remedies (and the Collateral Agent may likewise exercise all of its rights and remedies upon default) as the Administrative Agent from time to time thereafter determines as appropriate.

11.2. RIGHTS OF ENFORCEMENT. The Collateral Agent shall have all of the rights and remedies of a secured party upon default under the UCC, in addition to which the Collateral Agent shall have all and each of the following rights and remedies:

(a) To give notice to any bank at which any DDA or Blocked Account is maintained and in which Proceeds of Collateral are deposited, to turn over such Proceeds directly to the Collateral Agent.

(b) To give notice to any customs broker of any of the Loan Parties to follow the instructions of the Collateral Agent as provided in any written agreement or undertaking of such broker in favor of the Collateral Agent.

(c) To collect the Receivables Collateral with or without the taking of possession of any of the Collateral.

(d) To take possession of all or any portion of the Collateral.

(e) To sell, lease, or otherwise dispose of any or all of the Collateral, in its then condition or following such preparation or processing as the Collateral Agent deems advisable and with or without the taking of possession of any of the Collateral.

(f) Subject to the terms of store leases and provisions of applicable law, to conduct one or more going out of business sales which include the sale or other disposition of the Collateral.

(g) To apply the Receivables Collateral or the Proceeds of the Collateral towards (but not necessarily in complete satisfaction of) the Liabilities.

(h) To exercise all or any of the rights, remedies, powers, privileges, and discretions under all or any of the Loan Documents.

11.3. SALE OF COLLATERAL.

(a) Any sale or other disposition of the Collateral may be at public or private sale upon such terms and in such manner as the Collateral Agent deems advisable, having due regard to compliance with any statute or regulation which might affect, limit, or apply to the Collateral Agent’s disposition of the Collateral.

 

-95-


(b) The Collateral Agent, in the exercise of the Collateral Agent’s rights and remedies upon default, may, subject to the terms of store leases and provisions of applicable law, conduct, or may require the Loan Parties to conduct, one or more going out of business sales, in the Collateral Agent’s own right or by one or more agents and contractors. Subject to the terms of store leases such sale(s) may be conducted upon any premises owned, leased, or occupied by any Loan Party. Subject to applicable law, the Collateral Agent and any such agent or contractor, in conjunction with any such sale, may augment the Inventory with other goods (all of which other goods shall remain the sole property of the Collateral Agent or such agent or contractor). The Borrowers shall have no responsibility or liability for any such augmented inventory. Any amounts realized from the sale of such goods which constitute augmentations to the Inventory (net of an allocable share of the costs and reasonable expenses incurred in their disposition) shall be the sole property of the Collateral Agent or such agent or contractor and neither any Loan Party nor any Person claiming under or in right of any Loan Party shall have any interest therein. The proceeds of any such going out of business sale which is conducted by a Loan Party at the request of the Collateral Agent shall be first applied to the direct costs of such sale.

(c) Unless the Collateral is perishable or threatens to decline speedily in value, or is of a type customarily sold on a recognized market (in which event the Collateral Agent shall provide the Borrowers’ Representative such notice as may be practicable under the circumstances), the Collateral Agent shall give the Borrowers’ Representative at least ten (10) days prior written notice of the date, time, and place of any proposed public sale, and of the date after which any private sale or other disposition of the Collateral may be made. Each Borrower agrees that such written notice shall satisfy all requirements for notice to that Borrower which are imposed under the UCC or other applicable law with respect to the exercise of the Collateral Agent’s rights and remedies upon default.

(d) The Collateral Agent, the Administrative Agent, and any Revolving Credit Lender may purchase the Collateral, or any portion of it at any sale held under this Article.

(e) If any of the Collateral is sold, leased, or otherwise disposed of by the Collateral Agent on credit, the Liabilities shall not be deemed to have been reduced as a result thereof unless and until payment is finally received thereon by the Collateral Agent.

(f) The Collateral Agent shall turn over to the Administrative Agent the proceeds of the exercise by the Collateral Agent of its rights and remedies under this Article 11. The Administrative Agent shall apply the proceeds of the Collateral Agent’s exercise of its rights and remedies upon default pursuant to this Article 11 in accordance with Sections 13.5 and 13.6.

11.4. OCCUPATION OF BUSINESS LOCATION. In connection with the Collateral Agent’s exercise of the Collateral Agent’s rights under this Article 11, the Collateral Agent may enter upon, occupy, and use any premises owned or occupied by each Loan Party, and may exclude each Loan Party from such premises or portion

 

-96-


thereof as may have been so entered upon, occupied, or used by the Collateral Agent. The Collateral Agent shall not be required to remove any of the Collateral from any such premises upon the Collateral Agent’s taking possession thereof, and may render any Collateral unusable to the Loan Parties. In no event shall the Collateral Agent be liable to any Loan Party for use or occupancy by the Collateral Agent of any premises pursuant to this Article 11 nor for any charge (such as wages for any Loan Party’s employees and utilities) incurred in connection with the Collateral Agent’s exercise of the Collateral Agent’s Rights and Remedies.

11.5. GRANT OF NONEXCLUSIVE LICENSE. Except to the extent prohibited by a Borrower’s contractual obligations, which prohibition has been disclosed to the Administrative Agent, each Borrower hereby grants to the Collateral Agent a royalty free, nonexclusive and irrevocable license to use, apply, and affix any trademark, trade name, logo, or the like in which any Borrower now or hereafter has rights, such license being with respect to the Collateral Agent’s exercise of the rights hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or sale or other disposition of Inventory.

11.6. ASSEMBLY OF COLLATERAL. The Collateral Agent may require any Borrower to assemble the Collateral and make it available to the Collateral Agent at the Loan Parties’ sole risk and expense at a place or places which are reasonably convenient to both the Collateral Agent and the Borrowers’ Representative.

11.7. RIGHTS AND REMEDIES. The rights, remedies, powers, privileges, and discretions of the Administrative Agent hereunder (herein, the “Agents’ Rights and Remedies”) shall be cumulative and not exclusive of any rights or remedies which it would otherwise have. No delay or omission by an Agent in exercising or enforcing any of the Agents’ Rights and Remedies shall operate as, or constitute, a waiver thereof. No waiver by an Agent of any Event of Default or of any default under any other agreement shall operate as a waiver of any other default hereunder or under any other agreement. No single or partial exercise of any of the Agents’ Rights or Remedies, and no express or implied agreement or transaction of whatever nature entered into between any Agent and any person, at any time, shall preclude the other or further exercise of the Agents’ Rights and Remedies. No waiver by any Agent of any of the Agents’ Rights and Remedies on any one occasion shall be deemed a waiver on any subsequent occasion, nor shall it be deemed a continuing waiver. The Agents’ Rights and Remedies may be exercised at such time or times and in such order of preference as the Agents may determine. The Agents’ Rights and Remedies may be exercised without resort or regard to any other source of satisfaction of the Liabilities.

ARTICLE 12 - LOAN FUNDINGS AND DISTRIBUTIONS:

12.1. FUNDING PROCEDURES.

(a) The Administrative Agent shall advise each Revolving Credit Lender, no later than 3:00 PM on the date on which any Revolving Credit Loan (other than a SwingLine

 

-97-


Loan) is requested, that such Revolving Credit Loan is to be made. Such advice, in each instance, may be by telephone or facsimile transmission; provided that, if such advice is by telephone, it shall be confirmed in writing. Advice of a Revolving Credit Loan shall include the amount of and interest rate applicable to the subject Revolving Credit Loan.

(b) Subject to that Revolving Credit Lender’s Revolving Credit Dollar Commitment, each Revolving Credit Lender, by no later than the end of business on the day on which the subject Revolving Credit Loan is to be made, shall Transfer that Revolving Credit Lender’s Revolving Credit Percentage Commitment of the subject Revolving Credit Loan to the Administrative Agent.

12.2. SWINGLINE LOANS.

(a) In the event that, when a Revolving Credit Loan is requested, the aggregate unpaid balance of the SwingLine Loan is less than the SwingLine Loan Ceiling, then the SwingLine Lender may in its sole discretion advise the Administrative Agent that the SwingLine Lender has determined to include up to the amount of the requested Revolving Credit Loan as part of the SwingLine Loan. In such event, the SwingLine Lender shall Transfer the amount of the requested Revolving Credit Loan to the Administrative Agent.

(b) The SwingLine Loan shall be converted to a Revolving Credit Loan in which all Revolving Credit Lenders participate as follows:

(i) At any time and from time to time, the SwingLine Lender may advise the Administrative Agent that all, or any part, of the SwingLine Loan is to be converted to a Revolving Credit Loan in which all Revolving Credit Lenders participate, provided that if the Administrative Agent is not so advised by the SwingLine Lender, then all SwingLine Loans shall be converted no less frequently than weekly to Revolving Credit Loans in which all Revolving Credit Lenders participate.

(ii) At the initiation of a Liquidation, the then entire unpaid principal balance of the SwingLine Loan shall be converted to a Revolving Credit Loan in which all Revolving Credit Lenders participate.

In either such event, the Administrative Agent shall advise each Revolving Credit Lender of such conversion as if, and with the same effect as if, such conversion were the making of a Revolving Credit Loan as provided in Section 13.1.

(c) The SwingLine Lender, in separate capacities, may also be one or more Agents or Revolving Credit Lenders.

(d) The SwingLine Lender, in its capacity as SwingLine Lender, is not a “Revolving Credit Lender” for any of the following purposes:

(i) Except as otherwise specifically provided in the relevant Section, any distribution pursuant to Section 13.6.

 

-98-


(ii) Determination of whether the requisite Revolving Credit Lenders have Consented to action requiring such Consent.

12.3. ADMINISTRATIVE AGENTS COVERING OF FUNDINGS:

(a) Each Revolving Credit Lender shall make available to the Administrative Agent, as provided herein, that Revolving Credit Lender’s Revolving Credit Percentage Commitment of the following:

(i) Each Revolving Credit Loan, up to the maximum amount of that Revolving Credit Lender’s Revolving Credit Dollar Commitment of the Revolving Credit Loans.

(ii) Up to the maximum amount of that Revolving Credit Lender’s Revolving Credit Dollar Commitment of each L/C Drawing (to the extent that such L/C Drawing is not “covered” by a Revolving Credit Loan as provided herein).

(b) In all circumstances, the Administrative Agent may:

(i) Assume that each Revolving Credit Lender, subject to Section 12.3(a), timely shall make available to the Administrative Agent that Revolving Credit Lender’s Revolving Credit Percentage Commitment of each Revolving Credit Loan, notice of which is provided pursuant to Section 12.1 and shall make available, to the extent not “covered” by a Revolving Credit Loan, that Revolving Credit Lender’s Revolving Credit Percentage Commitment of any honoring of an L/C.

(ii) In reliance upon such assumption, make available the corresponding amount to the Loan Parties.

(iii) Assume that each Revolving Credit Lender timely shall pay, and shall make available, to the Administrative Agent all other amounts which that Revolving Credit Lender is obligated to so pay and/or make available hereunder or under any of the other Loan Documents.

(c) In the event that, (i) in reliance upon any of such assumptions, the Administrative Agent makes available a Revolving Credit Lender’s Revolving Credit Percentage Commitment of one or more Revolving Credit Loans, or any other amount to be made available hereunder or under any of the other Loan Documents, which amount a Revolving Credit Lender (a “Delinquent Revolving Credit Lender”) fails to provide to the Administrative Agent within one (1) Business Day of written notice of such failure, or (ii) for any reason, any Revolving Credit Lender shall become a Deteriorating Revolving Credit Lender, then:

(i) The amount which had been made available by the Administrative Agent is an “Administrative Agent’s Cover” (and is so referred to herein).

 

-99-


(ii) All interest paid by the Loan Parties on account of the Revolving Credit Loan or coverage of the subject honoring of any L/C which consists of the Administrative Agent’s Cover shall be retained by the Administrative Agent until the Administrative Agent’s Cover, with interest, has been paid. At the option of the Administrative Agent, all other amounts payable to a Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender hereunder (whether on account of principal, interest, fees or otherwise) shall, in lieu of being distributed to such Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender, be retained by the Administrative Agent as cash collateral for future funding obligations of such Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender in respect of any Revolving Credit Loan or existing or future participating interest in any SwingLine Loan or L/C.

(iii) The Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender shall pay to the Administrative Agent, on demand, interest at a rate equal to the prevailing Federal Funds Rate on any Administrative Agent’s Cover in respect of that Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender.

(iv) The Administrative Agent shall have succeeded to all rights to payment to which the Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender otherwise would have been entitled hereunder in respect of those amounts paid by or in respect of the Loan Parties on account of the Administrative Agent’s Cover together with interest until it is repaid. Such payments shall be deemed made first towards the amounts in respect of which the Administrative Agent’s Cover was provided and only then towards amounts in which the Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender is then participating. For purposes of distributions to be made pursuant to Section 12.4(a) (which relates to ordinary course distributions) or Section 13.5 (which relates to distributions of proceeds of a Liquidation) below, amounts shall be deemed distributable to a Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender, as applicable (and consequently, to the Administrative Agent to the extent to which the Administrative Agent is then entitled), at the highest level of distribution (if applicable) at which the Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender would otherwise have been entitled to a distribution.

(v) The Deteriorating Revolving Credit Lender’s or Delinquent Revolving Credit Lender’s right to participate in the administration of, or decision-making rights related to, the Liabilities, this Agreement or the other Loan Documents shall be suspended during the pendency of its status as a Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender.

(vi) The non-Deteriorating Revolving Credit Lenders and non-Delinquent Revolving Credit Lenders shall also have the right, but not the obligation, in their respective, sole and absolute discretion, to cause the assignment to one or more of the non-Deteriorating Revolving Credit Lenders and non-Delinquent Revolving Credit

 

-100-


Lenders, without any further action by the Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender for no cash consideration (pro rata, based on the respective Revolving Credit Percentage Commitment of those non-Deteriorating Revolving Credit Lenders and non-Delinquent Revolving Credit Lenders electing to exercise such right), of the Deteriorating Revolving Credit Lender’s or Delinquent Revolving Credit Lender’s Revolving Credit Dollar Commitment to fund future Revolving Credit Loans. Upon any such assignment of the Revolving Credit Dollar Commitment of any Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender to one or more of the non-Deteriorating Revolving Credit Lenders or the non-Delinquent Revolving Credit Lenders, the Deteriorating Revolving Credit Lender’s or Delinquent Revolving Credit Lender’s share in future Revolving Credit Loans and its rights under the Loan Documents with respect thereto shall terminate on the date of assignment, and the Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender shall promptly execute all documents reasonably requested to surrender and transfer such interest, including, if so requested, an Assignment and Acceptance.

(d) The Deteriorating Revolving Credit Lender’s or Delinquent Revolving Credit Lender’s decision-making and participation rights and rights to payments as set forth in clauses (i) through (vi) hereinabove shall be restored only upon the payment by the Delinquent Revolving Credit Lender of the amounts set forth in Section 12.3(f) or upon the cure by the Deteriorating Revolving Credit Lender of its status as a Deteriorating Revolving Credit Lender, as applicable.

(e) A Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender shall not be relieved of any obligation of such Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender hereunder (all and each of which shall constitute continuing obligations on the part of any Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender).

(f) A Delinquent Revolving Credit Lender may cure its status as a Delinquent Revolving Credit Lender by paying the Administrative Agent the aggregate of the following:

(i) The Administrative Agent’s Cover (to the extent not previously repaid by the Loan Parties and retained by the Administrative Agent in accordance with Section 12.3(c)(iv), above) with respect to that Delinquent Revolving Credit Lender.

Plus

(ii) The aggregate of the amount payable under Section 12.3(c)(iii), above (which relates to interest to be paid by that Delinquent Revolving Credit Lender).

Plus

(iii) All such costs and expenses as may be incurred by the Administrative Agent in the enforcement of the Administrative Agent’s rights against such Delinquent Revolving Credit Lender.

 

-101-


(g) Each Deteriorating Revolving Credit Lender and Delinquent Revolving Credit Lender shall indemnify the Administrative Agent and each non-Deteriorating Revolving Credit Lender and non-Delinquent Revolving Credit Lender from and against any and all loss, damage or expenses, including, but not limited to, reasonable attorneys’ fees and funds advanced by the Administrative Agent or by any non-Deteriorating Revolving Credit Lender or non-Delinquent Revolving Credit Lender, on account of a Deteriorating Revolving Credit Lender’s or Delinquent Revolving Credit Lender’s failure to timely fund its Revolving Credit Percentage Commitment of a Revolving Credit Loan or to otherwise perform its obligations under the Loan Documents.

12.4. ORDINARY COURSE DISTRIBUTIONS: REVOLVING CREDIT FACILITY. (This Section 12.4 applies unless the provisions of Section 13.5 (which relates to distributions in the event of a Liquidation) become operative).

(a) Weekly, on such day as may be set from time to time by the Administrative Agent (or more frequently at the Administrative Agent’s option), the Administrative Agent and each Revolving Credit Lender shall settle up on amounts advanced under the Revolving Credit Facility and collected funds received in the Administrative Agent’s Account.

(b) The Administrative Agent shall distribute to the SwingLine Lender and to each Revolving Credit Lender such Person’s respective Pro-Rata share of interest payments on the Loans when actually received and collected by the Administrative Agent (excluding the one Business Day for settlement provided for in Section 7.5(a) which shall be for the account of the Administrative Agent only). For purposes of calculating interest due to a Revolving Credit Lender, that Revolving Credit Lender shall be entitled to receive interest on the actual amount contributed by that Revolving Credit Lender towards the principal balance of the Revolving Credit Loans outstanding during the applicable period covered by the interest payment made by the Loan Parties. Any net principal reductions to the Revolving Credit Loans received by the Administrative Agent in accordance with the Loan Documents during such period shall not reduce such actual amount so contributed, for purposes of calculation of interest due to that Revolving Credit Lender, until the Administrative Agent has distributed to that Revolving Credit Lender its Pro-Rata share thereof.

(c) The Administrative Agent shall distribute fees paid on account of the Revolving Credit Facility, as follows:

(i) L/C Fee (Section 2.19(a)): Pro-Rata to the Revolving Credit Lenders.

(ii) Unused Line Fee (Section 2.16): Pro-Rata to the Revolving Credit Lenders.

(iii) Upfront Fees (Section 2.14): As provided in the Fee Letter.

 

-102-


(d) No Revolving Credit Lender shall have any interest in or right to receive any part of the following:

(i) Any interest which reflects “float” as described in the proviso included in Section 7.5(a), all of which float shall be for the account of the Administrative Agent only.

(ii) The Administrative Agent’s Fee (Section 2.15) to be paid by the Loan Parties to the Administrative Agent.

(iii) Fees described in Section 2.19(b) (which relates to fees associated with, among other things, the issuance of L/C’s): Retained by the Issuer.

(iv) The Arrangement Fee which shall be retained by BAS.

(e) Any amount received by the Administrative Agent or the Collateral Agent as reimbursement for any cost or expense (including without limitation, reasonable attorneys’ fees) shall be distributed by the Administrative Agent to that Person which is entitled to such reimbursement as provided in this Agreement (and if such Person(s) is (are) the Revolving Credit Lenders, Pro-Rata determined as of the date on which the expense, in respect of which such reimbursement is being made, was incurred).

(f) Each distribution pursuant to this Section 12.4 is subject to Section 12.3(c), above (which relates to the effect of the failure of any Revolving Credit Lender to have Transferred to the Administrative Agent any amount which that Revolving Credit Lender is then obligated to so Transfer pursuant to the within Agreement).

ARTICLE 13 - ACCELERATION AND LIQUIDATION:

13.1. ACCELERATION NOTICES.

(a) The Administrative Agent may give the Collateral Agent and Revolving Credit Lenders an Acceleration Notice at any time following the occurrence of an Event of Default.

(b) The Majority Revolving Credit Lenders may give the Administrative Agent an Acceleration Notice at any time following the occurrence of an Event of Default. Such notice may be by multiple counterparts.

13.2. ACCELERATION. Unless stayed by judicial or statutory process, the Administrative Agent shall Accelerate the Liabilities within a commercially reasonable time following:

(a) The Administrative Agent’s giving of an Acceleration Notice to the Collateral Agent and the Revolving Credit Lenders as provided in Section 13.1(a).

 

-103-


(b) The Administrative Agent’s receipt of an Acceleration Notice from the Majority Revolving Credit Lenders, in compliance with Section 13.1(b).

13.3. INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall be initiated by the Collateral Agent within a commercially reasonable time following Acceleration of the Liabilities.

13.4. ACTIONS AT AND FOLLOWING INITIATION OF LIQUIDATION.

(a) At the initiation of a Liquidation:

(i) The unpaid principal balance of the SwingLine Loan (if any) shall be converted to a Revolving Credit Loan in which all Revolving Credit Lenders participate.

(ii) The Administrative Agent and the Revolving Credit Lenders shall “net out” each Revolving Credit Lender’s respective contributions towards the Revolving Credit Loans, so that each Revolving Credit Lender holds that Revolving Credit Lender’s Revolving Credit Percentage Commitment of the Revolving Credit Loans and advances.

(b) Following the initiation of a Liquidation, each Revolving Credit Lender shall contribute, towards any L/C thereafter honored and not immediately reimbursed by the Loan Parties, that Revolving Credit Lender’s Revolving Credit Percentage Commitment of such honoring.

(c) Following the initiation of a Liquidation, each Revolving Credit Lender shall contribute, towards any L/C thereafter honored and not immediately reimbursed by the Loan Parties, that Revolving Credit Lender’s Revolving Credit Percentage Commitment of such honoring.

13.5. DISTRIBUTION OF LIQUIDATION PROCEEDS.

(a) The Collateral Agent may establish one or more reasonably funded reserve accounts into which proceeds of the conduct of any Liquidation may be deposited in anticipation of future expenses which may be incurred by any Agent in the exercise of rights as a secured creditor of the Loan Parties and prior claims which the Agents anticipate may need to be paid.

(b) The Collateral Agent shall distribute the proceeds of any Liquidation to the Administrative Agent.

(c) The Administrative Agent shall distribute the net proceeds of Liquidation, as distributed to the Administrative Agent by the Collateral Agent pursuant to Section 13.5(b), in accordance with the relative priorities set forth in Section 13.6.

 

-104-


(d) Each Revolving Credit Lender, on the written request of the Administrative Agent and/or any Nominee, not more frequently than once each month, shall reimburse the Agents and/or any Nominee, Pro-Rata, for any cost or expense reasonably incurred by the Agents and/or the Nominee in the conduct of a Liquidation, which amount is not covered out of current proceeds of the Liquidation, which reimbursement shall be paid over to and distributed by the Administrative Agent.

13.6. RELATIVE PRIORITIES TO PROCEEDS OF LIQUIDATION. All distributions of proceeds of a Liquidation shall be applied by the Administrative Agent in the following order:

(a) First, to payment of that portion of the Liabilities (excluding the Banking Services Obligations) constituting fees, indemnities, Costs of Collection and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and the Collateral Agent and amounts payable under Sections 2.11(e), 2.19(c) and 19.8) payable to the Administrative Agent and the Collateral Agent, each in its capacity as such;

(b) Second, to payment of that portion of the Liabilities (excluding the Banking Services Obligations) constituting indemnities, Costs of Collection, and other amounts (other than principal, interest and fees) payable to the Revolving Credit Lenders and the Issuer (including Costs of Collection to the respective Revolving Credit Lenders and the Issuer and amounts payable under Sections 2.11(e), 2.19(c) and 19.8), Pro-Rata in proportion to the amounts described in this clause Second payable to them;

(c) Third, to the extent not previously reimbursed by the Revolving Credit Lenders, to payment to the Agent of that portion of the Liabilities constituting principal and accrued and unpaid interest on any Permitted Protective OverAdvances;

(d) Fourth, to the extent that SwingLine Loans have not been refinanced by a Revolving Credit Loan, payment to the SwingLine Lender of that portion of the Liabilities constituting accrued and unpaid interest on the SwingLine Loans;

(e) Fifth, to the extent that SwingLine Loans have not been refinanced by a Revolving Credit Loan, to payment to the SwingLine Lender of that portion of the Liabilities constituting unpaid principal of the SwingLine Loans;

(f) Sixth, to payment of that portion of the Liabilities constituting accrued and unpaid interest on the Revolving Credit Loans, L/C Borrowings and other Obligations, and fees (including Revolving Credit Fees and fees payable pursuant to Section 2.19), Pro-Rata among the Revolving Credit Lenders and the Issuer in proportion to the respective amounts described in this clause Sixth payable to them;

(g) Seventh, to payment of that portion of the Liabilities constituting unpaid principal of the Revolving Credit Loans and L/C Borrowings, Pro-Rata among the Revolving Credit Lenders and the Issuer in proportion to the respective amounts described in this clause Seventh held by them;

 

-105-


(h) Eighth, to the Administrative Agent for the account of the Issuer, as cash collateral for the aggregate undrawn amount of L/Cs;

(i) Ninth, to payment of all other Liabilities (including, without limitation, the cash collateralization of unliquidated indemnification obligations as provided in Section 19.9(d), but excluding any Banking Services Obligations), Pro-Rata among the Secured Parties in proportion to the respective amounts described in this clause Ninth held by them;

(j) Tenth, to payment of all Banking Services Obligations, Pro-Rata among the Secured Parties in proportion to the respective amounts described in this clause Tenth held by them; and

(k) Last, the balance, if any, after all of the Liabilities have been indefeasibly paid in full, to the Loan Parties or as otherwise required by Applicable Law.

Amounts used to cash collateralize the aggregate undrawn amount of L/Cs pursuant to clause Eighth above shall be applied to satisfy drawings under such L/Cs as they occur. If any amount remains on deposit as cash collateral after all L/Cs have either been fully drawn or expired, such remaining amount shall be applied to the other Liabilities, if any, in the order set forth above.

ARTICLE 14 - THE AGENTS:

14.1. APPOINTMENT OF THE AGENTS.

(a) Each Revolving Credit Lender appoints and designates Bank of America as the “Administrative Agent” hereunder and under the Loan Documents.

(b) Each Revolving Credit Lender appoints and designates Bank of America as the “Collateral Agent” hereunder and under the Loan Documents.

(c) Each Revolving Credit Lender authorizes each Agent:

(i) To execute those of the Loan Documents and all other instruments relating thereto to which that Agent is a party.

(ii) To take such action on behalf of the Revolving Credit Lenders and to exercise all such powers as are expressly delegated to that Agent hereunder and in the Loan Documents and all related documents, together with such other powers as are reasonably incident thereto.

(d) Reserved.

(e) Wells Fargo Capital Finance, LLC and JPMorgan Chase Bank, N.A. have been granted the title of “Co-Syndication Agents”, and PNC Bank, National Association has been granted the title of “Documentation Agent” in which capacity none shall have any rights nor any responsibilities. Any of the foregoing may resign such position at any time by written notice to the Administrative Agent and, in any event, shall cease to be Co-Syndication Agent or Documentation Agent, as the case may be, contemporaneously with its ceasing to be a Revolving Credit Lender.

 

-106-


14.2. RESPONSIBILITIES OF AGENTS.

(a) The Administrative Agent shall have principal responsibilities for and primary authority for the administration of the Revolving Credit Facility contemplated by this Agreement and for all matters for which the Collateral Agent is not responsible. In all instances where the allocation of responsibility and authority, as between the Collateral Agent and the Administrative Agent is in doubt, the Administrative Agent shall be vested with such responsibility and authority.

(b) The Collateral Agent shall have principal responsibilities for and primary authority for the conduct of the Liquidation and the distribution of the proceeds of such Liquidation.

(c) Neither Agent shall have any duties or responsibilities to, or any fiduciary relationship with, any Revolving Credit Lender except for those expressly set forth in this Agreement.

(d) Neither Agent nor any of its Affiliates shall be responsible to any Revolving Credit Lender for any of the following:

(i) Any recitals, statements, representations or warranties made by any Loan Party or any other Person.

(ii) Any appraisals or other assessments of the assets of any Loan Party or of any other Person responsible for or on account of the Liabilities.

(iii) The value, validity, effectiveness, genuineness, enforceability, or sufficiency of the Loan Agreement, the Loan Documents or any other document referred to or provided for therein.

(iv) Any failure by any Loan Party or any other Person (other than the subject Agent) to perform its obligations under the Loan Documents.

(e) Each Agent may employ attorneys, accountants, and other professionals and agents and attorneys-in-fact and shall not be responsible for the negligence or misconduct of any such attorneys, accountants, and other professionals or agents or attorneys-in-fact selected by the subject Agent with reasonable care. No such attorney, accountant, other professional, agent, or attorney-in-fact shall be responsible for any action taken or omitted to be taken by any other such Person.

(f) Neither Agent, nor any of its directors, officers, or employees shall be responsible for any action taken or omitted to be taken or omitted to be taken by any other of them in connection herewith in reliance upon advice of their respective counsel nor, in any other event except for any action taken or omitted to be taken as to which a final judicial

 

-107-


determination has been or is made (in a proceeding in which such Person has had an opportunity to be heard) that such Person had acted in a grossly negligent manner, in actual bad faith, or in willful misconduct.

(g) Neither Agent shall have any responsibility in any event for more funds than that Agent actually receives and collects.

(h) The Agents, in their separate capacities as Revolving Credit Lenders, shall have the same rights and powers hereunder as any other Revolving Credit Lender.

14.3. CONCERNING DISTRIBUTIONS BY THE AGENTS.

(a) Each Agent, in that Agent’s reasonable discretion based upon that Agent’s determination of the likelihood that additional payments will be received, expenses incurred, and/or claims made by third parties to all or a portion of such proceeds, may delay the distribution of any payment received on account of the Liabilities.

(b) Each Agent may disburse funds prior to determining that the sums which that Agent expects to receive have been finally and unconditionally paid to that Agent. If and to the extent that Agent does disburse funds and it later becomes apparent that the Agent did not then receive a payment in an amount equal to the sum paid out, then any Revolving Credit Lender to whom the Agent made the funds available, on demand from the Agent, shall refund to the Administrative Agent the sum paid to that person.

(c) If, in the opinion of an Agent, the distribution of any amount received by that Agent might involve that Agent in liability, or might be prohibited hereby, or might be questioned by any Person, then that Agent may refrain from making distribution until that Agent’s right to make distribution has been adjudicated by a court of competent jurisdiction.

(d) The proceeds of any Revolving Credit Lender’s exercise of any right of, or in the nature of, set-off shall be deemed, First, to the extent that a Revolving Credit Lender is entitled to any distribution hereunder, to constitute such distribution and Second, shall be shared with the other Revolving Credit Lenders as if distributed pursuant to (and shall be deemed as distributions under) Section 13.6.

(e) Each Revolving Credit Lender recognizes that the crediting of the Loan Parties with the “proceeds” of any transaction in which a Post Foreclosure Asset is acquired is a non-cash transaction and that, in consequence, no distribution of such “proceeds” will be made by the Administrative Agent to any Revolving Credit Lender.

(f) In the event that (x) a court of competent jurisdiction shall adjudge that any amount received and distributed by the Administrative Agent is to be repaid or disgorged or (y) the Majority Revolving Credit Lenders determine to effect such repayment or disgorgement, then each Revolving Credit Lender to which any such distribution shall have been made shall repay, to the Agent which had made such distribution, that Revolving Credit Lender’s Pro-Rata share of the amount so adjudged or determined to be repaid or disgorged.

 

-108-


14.4. DISPUTE RESOLUTION. Any dispute among the Revolving Credit Lenders and/or any Agent concerning the interpretation, administration, or enforcement of the financing arrangements contemplated by this or any other Loan Document or the interpretation or administration of this or any other Loan Document which cannot be resolved amicably shall be resolved in the United States District Court for the District of Massachusetts, sitting in Boston or in the Superior Court of Suffolk County, Massachusetts, to the jurisdiction of which courts each Revolving Credit Lender hereby submits.

14.5. DISTRIBUTIONS OF NOTICES AND OF DOCUMENTS. The Administrative Agent will forward to each Revolving Credit Lender, promptly after the Administrative Agent’s receipt thereof, a copy of each notice or other document furnished to the Administrative Agent pursuant to this Agreement, including monthly, quarterly, and annual financial statements received from the Borrowers’ Representative pursuant to Article 5 of this Agreement, other than any of the following:

(a) Routine communications associated with requests for Revolving Credit Loans and/or the issuance of L/C’s.

(b) Routine or nonmaterial communications.

(c) Any notice or document required by any of the Loan Documents to be furnished directly to the Revolving Credit Lenders by the Borrowers’ Representative.

(d) Any notice or document of which the Administrative Agent has knowledge that such notice or document had been forwarded to the Revolving Credit Lenders other than by the Administrative Agent.

14.6. CONFIDENTIAL INFORMATION.

(a) Each Revolving Credit Lender will maintain, as confidential (other than to their respective attorneys, agents, accountants, Participants and prospective Participants) all of the following:

(i) Proprietary approaches, techniques, and methods of analysis which are applied by the Administrative Agent in the administration of the Revolving Credit Facility contemplated by this Agreement.

(ii) Proprietary forms and formats utilized by the Administrative Agent in providing reports to the Revolving Credit Lenders pursuant hereto, which forms or formats are not of general currency.

(iii) Confidential information provided by any Loan Party pursuant to the Loan Documents, other than any information which becomes known to the general public through sources other than that Revolving Credit Lender.

 

-109-


(b) Nothing included herein shall prohibit the disclosure of any such information: (i) as may be required to be provided by Applicable Law or by any subpoena or similar legal process or by regulatory authorities having jurisdiction over any party to this Agreement; (ii) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, funding sources, attorneys, advisors and representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such information and instructed to keep such information confidential); (iii) to any other party hereto; (iv) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder; (v) subject to an agreement containing provisions substantially the same as those of this Section 14.6, to (A) any assignee of or Participant in, or any bona fide prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (B) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to any Loan Party and its obligations; (vi) with the consent of the Borrowers’ Representative; or (vii) to the extent such information (A) becomes publicly available other than as a result of a breach of this Section 14.6 or (B) becomes available to any Secured Party or any of their respective Affiliates on a non-confidential basis from a source other than the Loan Parties and other than as a result of a breach of this Section 14.6. Any Person required to maintain the confidentiality of information as provided in this Section 14.6 shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such information as such Person would accord to its own confidential information.

14.7. RELIANCE BY AGENTS. Each Agent shall be entitled to rely upon any certificate, notice or other document (including any cable, telegram, telex, or facsimile) reasonably believed by that Agent to be genuine and correct and to have been signed or sent by or on behalf of the proper person or persons, and upon advice and statements of attorneys, accountants and other experts selected by that Agent. As to any matters not expressly provided for in this Agreement, any Loan Document, or in any other document referred to therein, that Agent shall in all events be fully protected in acting, or in refraining from acting, in accordance with the applicable Consent required by this Agreement. Instructions given with the requisite Consent shall be binding on all Revolving Credit Lenders.

14.8. NON-RELIANCE ON AGENTS AND OTHER REVOLVING CREDIT LENDERS.

(a) Each Revolving Credit Lender represents to all other Revolving Credit Lenders and to the Agents that such Revolving Credit Lender:

(i) Independently and without reliance on any representation or act by any Agent or by any other Revolving Credit Lender, and based on such documents and information as that Revolving Credit Lender has deemed appropriate, has made such Revolving Credit Lender’s own appraisal of the financial condition and affairs of the Loan Parties and decision to enter into this Agreement.

 

-110-


(ii) Has relied upon that Revolving Credit Lender’s review of the Loan Documents by that Revolving Credit Lender and by counsel to that Revolving Credit Lender as that Revolving Credit Lender deemed appropriate under the circumstances.

(b) Each Revolving Credit Lender agrees that such Revolving Credit Lender, independently and without reliance upon any Agent or any other Revolving Credit Lender, and based upon such documents and information as such Revolving Credit Lender shall deem appropriate at the time, will continue to make such Revolving Credit Lender’s own appraisals of the financial condition and affairs of the Loan Parties when determining whether to take or not to take any discretionary action under this Agreement.

(c) Neither Agent in the discharge of that Agent’s duties hereunder, shall be required to make inquiry of, or to inspect the properties or books of, any Person.

(d) Except for notices, reports, and other documents and information expressly required to be furnished to the Revolving Credit Lenders by the Administrative Agent pursuant to Section 14.5, the Agents shall not have any affirmative duty or responsibility to provide any Revolving Credit Lender with any credit or other information concerning any Person, which information may come into the possession of Agents or any Affiliate of an Agent.

14.9. INDEMNIFICATION. Without limiting the liabilities of the Loan Parties under any this or any of the other Loan Documents, each Revolving Credit Lender shall indemnify each Agent (to the extent not reimbursed by the Loan Parties), Pro-Rata, for any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever (including reasonable attorneys’ fees and expenses and other out-of-pocket expenditures) which may at any time be imposed on, incurred by, or asserted against that Agent and in any way relating to or arising out of this Agreement or any other Loan Document or any documents contemplated by or referred to therein or the transactions contemplated thereby or the enforcement of any of terms hereof or thereof or of any such other documents; provided, however, no Revolving Credit Lender shall be liable for any of the foregoing to the extent that any of the foregoing arises from any action taken or omitted to be taken by the subject Agent as to which a final judicial determination has been or is made (in a proceeding in which the subject Agent has had an opportunity to be heard) that the subject Agent had acted in a grossly negligent manner, in actual bad faith, or in willful misconduct.

14.10. RESIGNATION OF AGENT.

(a) An Agent may resign at any time by giving 60 days’ prior written notice thereof to the Revolving Credit Lenders and to the other Agent. Upon receipt of any such notice of resignation, the Majority Revolving Credit Lenders shall have the right to appoint a successor to such Agent (and if no Event of Default has occurred, with the consent of the Borrowers’ Representative, not to be unreasonably withheld and, in any event, deemed given by the Borrowers’ Representative if no written objection is provided by the Borrowers’ Representative

 

-111-


to the (resigning) Agent within seven (7) Business Days notice of such proposed appointment). If a successor Agent shall not have been so appointed and accepted such appointment within 30 days after the giving of notice by the resigning Agent, then the resigning Agent may appoint a successor Agent, which shall be a financial institution having a combined capital and surplus in excess of $500,000,000.00. The consent of the Borrowers’ Representative otherwise required by this Section 14.10(a) shall not be required if an Event of Default has occurred.

(b) Upon the acceptance of any appointment as an Agent hereunder by a successor Agent, such successor shall thereupon succeed to, and become vested with, all the rights, powers, privileges, and duties of the (resigning) Agent so replaced, and the (resigning) Agent shall be discharged from the (resigning) Agent’s duties and obligations hereunder, other than on account of any responsibility for any action taken or omitted to be taken by the (resigning) Agent as to which a final judicial determination has been or is made (in a proceeding in which the (resigning) Person has had an opportunity to be heard) that such Person had acted in a grossly negligent manner or in bad faith.

(c) After any retiring Agent’s resignation, the provisions of this Agreement and of all other Loan Documents shall continue in effect for the retiring Person’s benefit in respect of any actions taken or omitted to be taken by it while it was acting as an Agent.

ARTICLE 15 - ACTION BY AGENTS - CONSENTS - AMENDMENTS - WAIVERS:

15.1. ADMINISTRATION OF REVOLVING CREDIT FACILITY.

(a) Except as otherwise specifically provided in this Agreement, each Agent may take any action with respect to the Revolving Credit Facility contemplated by the Loan Documents as that Agent determines to be appropriate within their respective areas of responsibility and authority, as set forth in Sections 14.2(a) and 14.2(b); provided, however, neither Agent is under any affirmative obligation to take any action which it is not required by this Agreement or the Loan Documents specifically to so take.

(b) Except as specifically provided in Sections 15.2 and 15.3 of this Agreement, whenever a Loan Document or this Agreement provides that action may be taken or omitted to be taken in an Agent’s discretion or reasonable discretion, as applicable, that Agent shall have the sole right to take, or refrain from taking, such action without, and notwithstanding, any vote of the Revolving Credit Lenders.

(c) The rights granted to the Revolving Credit Lenders in Sections 15.2 and 15.3 shall not otherwise limit or impair any Agent’s exercise of its discretion or reasonable discretion, as applicable, under the Loan Documents.

 

-112-


15.2. ACTIONS REQUIRING OR ON DIRECTION OF MAJORITY REVOLVING CREDIT LENDERS. Except as otherwise provided in this Agreement, the Consent or direction of the Majority Revolving Credit Lenders is required for any amendment, waiver, or modification of any Loan Document. Without limiting the foregoing:

(a) If any Default has occurred and is continuing, the Majority Revolving Credit Lenders may direct the Administrative Agent to suspend the Revolving Credit Facility, whereupon, as long as a Default shall have occurred and be continuing, the only Loans which may be made are the following:

(i) Revolving Credit Loans made to “cover” the honoring of L/C’s.

(ii) Permitted Protective OverAdvances.

(iii) Loans made with Consent of the Majority Revolving Credit Lenders.

(b) If an Event of Default has occurred and not been duly waived, the Majority Revolving Credit Lenders may:

(i) Give the Administrative Agent an Acceleration Notice in accordance with Section 13.1(b).

(ii) Direct the Administrative Agent to increase the rate of interest to the default rate of interest as provided in Section 2.12(f) of this Agreement.

15.3. ACTION REQUIRING CERTAIN CONSENT. No amendment or waiver of any provision of this Agreement or any other Loan Document, and no Consent to any departure by any Loan Party therefrom, shall:

(a) extend or increase the Revolving Credit Dollar Commitment of any Revolving Credit Lender (or reinstate any Revolving Credit Dollar Commitment previously terminated pursuant to this Agreement) without the written Consent of such Revolving Credit Lender;

(b) as to any Revolving Credit Lender, postpone any date fixed by this Agreement or any other Loan Document for any scheduled payment (including the Maturity Date) of principal, interest, fees or other amounts due hereunder or under any of the other Loan Documents without the written Consent of such Revolving Credit Lender, without the written Consent of such Revolving Credit Lender;

(c) as to any Revolving Credit Lender, reduce the principal of, or the rate of interest specified herein on, any Revolving Credit Loan, or (subject to clause (iv) of the proviso to this Section 15.3) any fees or other amounts payable hereunder or under any other Loan Document, without the written Consent of such Revolving Credit Lender; provided, however, that only the Consent of the Majority Revolving Credit Lenders shall be necessary (i) to amend Section 2.12(f) or to waive any obligation of the Borrowers to pay interest at the rate set forth in Section 2.12(f) or L/C fees at the rate set forth in Section 2.19(a);

 

-113-


(d) as to any Revolving Credit Lender, change Section 12.4, Section 13.5 or Section 13.6 in a manner that would alter the Pro-Rata sharing of payments required thereby without the written Consent of such Revolving Credit Lender;

(e) change any provision of this Section 15.3 or the definition of “Majority Revolving Credit Lenders” or any other provision hereof specifying the number or percentage of Revolving Credit Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder, without Unanimous Consent;

(f) except as expressly permitted hereunder or under any other Loan Document, release, or limit the liability of, any Loan Party without the Unanimous Consent;

(g) except for Permitted Asset Dispositions (or as otherwise provided in Section 4.14(d)) or to facilitate a Liquidation, release all or substantially all of the Collateral from the Encumbrances of the Loan Documents without Unanimous Consent;

(h) except as provided in Section 2.24, increase the Revolving Credit Commitments without Unanimous Consent;

(i) change the definition of the term “Borrowing Base” or any component definition thereof if, as a result thereof, the amounts available to be borrowed by the Borrowers would be increased without Unanimous Consent; provided that the foregoing shall not (i) limit the discretion of the Administrative Agent to change, establish or eliminate any Reserves or (ii) prevent the Administrative Agent, in its administration of the Revolving Credit Facility, from restoring any component of Borrowing Base which had been lowered by the Administrative Agent back to the value of such component, as stated in this Agreement or to an intermediate value;

(j) make any Revolving Credit Loan which, when made, exceeds Availability and is not a Permitted Protective OverAdvance; provided, however, (i) no Consent shall be required in connection with the making of any Revolving Credit Loan to “cover” any honoring of a drawing under any L/C, and (ii) each Revolving Credit Lender recognizes that subsequent to the making of a Revolving Credit Loan which does not constitute a Permitted Protective OverAdvance, the unpaid principal balance of the Loan Account may exceed the Borrowing Base on account of changed circumstances beyond the control of the Administrative Agent (such as a drop in collateral value);

(k) modify the definition of Permitted Protective OverAdvance so as to increase the time period for a Permitted Protective OverAdvance, except as otherwise provided in the definition thereof, without Unanimous Consent; and

(l) except as expressly permitted herein or in any other Loan Document, subordinate the Liabilities hereunder or the Encumbrances granted hereunder or under the other Loan Documents, to any other Indebtedness or Encumbrance, as the case may be without Unanimous Consent;

 

-114-


provided that (i) no amendment, waiver or Consent shall, unless in writing and signed by the Issuer in addition to the Revolving Credit Lenders required above, affect the rights or duties of the Issuer under this Agreement or any Issuer Document relating to any L/C issued or to be issued by it; (ii) no amendment, waiver or Consent shall, unless in writing and signed by the SwingLine Lender in addition to the Revolving Credit Lenders required above, affect the rights or duties of the SwingLine Lender under this Agreement; (iii) no amendment, waiver or Consent shall, unless in writing and signed by the Administrative Agent in addition to the Revolving Credit Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; (iv) no amendment, waiver or Consent shall, unless in writing and signed by the Collateral Agent in addition to the Revolving Credit Lenders required above, affect the rights or duties of the Collateral Agent under this Agreement or any other Loan Document, and (v) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto. Notwithstanding anything to the contrary herein, no Deteriorating Revolving Credit Lender or Delinquent Revolving Credit Lender shall have any right to approve or disapprove any amendment, waiver or Consent hereunder, except that the Revolving Credit Dollar Commitment of such Revolving Credit Lender may not be increased or extended without the consent of such Revolving Credit Lender.

15.4. MISCELLANEOUS ACTIONS.

(a) Notwithstanding any other provision of this Agreement, no single Revolving Credit Lender independently may exercise any right of action or enforcement against or with respect to any Loan Party.

(b) Each Agent shall be fully justified in failing or refusing to take action under this Agreement or any Loan Document on behalf of any Revolving Credit Lender unless that Agent shall first:

(i) receive such clear, unambiguous, written instructions as that Agent deems appropriate; and

(ii) be indemnified to that Agent’s satisfaction by the Revolving Credit Lenders against any and all liability and expense which may be incurred by that Agent by reason of taking or continuing to take any such action, unless such action had been grossly negligent, in willful misconduct, or in bad faith.

(c) Each Agent may establish reasonable procedures for the providing of direction and instructions from the Revolving Credit Lenders to that Agent, including its reliance on multiple counterparts, facsimile transmissions, and time limits within which such direction and instructions must be received in order to be included in a determination of whether the requisite Revolving Credit Lenders have provided their direction, Consent, or instructions.

15.5. ACTIONS REQUIRING BORROWERS’ REPRESENTATIVES CONSENT.

(a) The Borrowers’ Representative’s consent is required for any amendment of this Agreement, except that Articles 12 and 15 of this Agreement may be amended without the consent of the Borrowers’ Representative.

 

-115-


(b) The Borrowers’ Representative’s consent to the amendment of those provisions referenced in Section 15.5(a) (i) shall be deemed given unless written objection is made, within seven (7) Business Days following the Administrative Agent’s giving notice to the Borrowers’ Representative of the proposed amendment, and (ii) shall not be required following the occurrence of any Event of Default.

15.6. NONCONSENTING REVOLVING CREDIT LENDER.

(a) In the event that a Revolving Credit Lender (in this Section 15.6, a “NonConsenting Revolving Credit Lender”) does not provide its Consent to a proposal by the Administrative Agent to take action which requires Unanimous Consent and that has been approved by the Majority Revolving Credit Lenders, then the Borrowers’ Representative may require the assignment, without recourse and in accordance with the procedures outlined in Section 16.1, below, of the NonConsenting Revolving Credit Lender’s Revolving Credit Dollar Commitment hereunder to one or more Eligible Assignees on five (5) days written notice to the Administrative Agent and to the NonConsenting Revolving Credit Lender.

(b) At the end of such five (5) days, and provided that the NonConsenting Revolving Credit Lender delivers the Revolving Credit Note (or a lost note affidavit containing customary indemnification provisions) held by the NonConsenting Revolving Credit Lender to the Administrative Agent, the Borrowers shall transfer the following to the NonConsenting Revolving Credit Lender:

(i) Such NonConsenting Revolving Credit Lender’s Pro-Rata share of the principal and interest of the Revolving Credit Loans to the date of such assignment.

(ii) All fees distributable hereunder to the NonConsenting Revolving Credit Lender to the date of such assignment.

(iii) Any out-of-pocket costs and expenses for which the NonConsenting Revolving Credit Lender is entitled to reimbursement from the Loan Parties.

(c) In the event that the NonConsenting Revolving Credit Lender fails to deliver to the Administrative Agent the Revolving Credit Note (or a lost note affidavit containing customary indemnification provisions) held by the NonConsenting Revolving Credit Lender as provided in Section 15.6(b), then:

(i) The amount otherwise to be transferred to the NonConsenting Revolving Credit Lender shall be transferred to the Administrative Agent and held by the Administrative Agent, without interest, to be turned over to the NonConsenting Revolving Credit Lender upon delivery of the Revolving Credit Note (or a lost note affidavit containing customary indemnification provisions) held by that NonConsenting Revolving Credit Lender.

(ii) The Revolving Credit Note held by the NonConsenting Revolving Credit Lender shall have no force or effect whatsoever.

 

-116-


(iii) The NonConsenting Revolving Credit Lender shall cease to be a “Revolving Credit Lender”.

(iv) The Eligible Assignee(s) to whom the NonConsenting Revolving Credit Lender’s Revolving Credit Dollar Commitment hereunder has been assigned shall have succeeded to all rights and become subject to all of the obligations of the NonConsenting Revolving Credit Lender as a “Revolving Credit Lender”.

ARTICLE 16 - ASSIGNMENTS BY REVOLVING CREDIT LENDERS:

16.1. ASSIGNMENTS AND ASSUMPTIONS.

Except as provided herein, each Revolving Credit Lender (in this Section 16.1, an “Assigning Revolving Credit Lender”) may assign to one or more Eligible Assignees (in this Section 16.1, each an “Assignee Revolving Credit Lender”) all or a portion of that Revolving Credit Lender’s interests, rights and obligations under this Agreement and the Loan Documents (including all or a portion of its Revolving Credit Dollar Commitment) and the same portion of the Revolving Credit Loans at the time owing to it, and of the Revolving Credit Note held by the Assigning Revolving Credit Lender, provided that:

(a) Unless such assignment is to a Person that is a Revolving Credit Lender, an Affiliate of a Revolving Credit Lender or an Approved Fund, the Administrative Agent shall have given its prior written consent to such assignment, which consent shall not be unreasonably withheld, but need not be given if the proposed assignment would result in any Assignee Revolving Credit Lender having a Revolving Credit Dollar Commitment of less than the “minimum hold” amount specified in Section 16.1(c).

(b) Each such assignment shall be of a constant, and not a varying, percentage of all the Assigning Revolving Credit Lender’s rights and obligations under this Agreement.

(c) Following the effectiveness of such assignment, the Assigning Revolving Credit Lender’s Revolving Credit Dollar Commitment (if not an assignment of all of the Assigning Revolving Credit Lender’s Revolving Credit Dollar Commitment) shall not be less than $5,000,000.00.

(d) If no Event of Default has occurred, any such assignment to a Person not then a Revolving Credit Lender, an Affiliate of a Revolving Credit Lender or an Approved Fund shall be subject to the prior consent of the Borrowers’ Representative, not to be unreasonably withheld or delayed, which consent shall be deemed given unless the Borrowers’ Representative provides the Administrative Agent with written objection not more than five (5) Business Days after the Administrative Agent shall have given the Borrowers’ Representative written notice of a proposed assignment, such notice to state that consent will be deemed given by the Borrowers’ Representative if written objection is not received by the Administrative Agent within such five (5) Business Days.

 

-117-


16.2. ASSIGNMENT PROCEDURES. (This Section 16.2 describes the procedures to be followed in connection with an assignment effected pursuant to this Article 16 and permitted by Section 16.1).

(a) The parties to such an assignment shall execute and deliver to the Administrative Agent, for recording in the Register, an Assignment and Acceptance substantially in the form of EXHIBIT 16.1, annexed hereto (an “Assignment and Acceptance”).

(b) The Assigning Revolving Credit Lender shall deliver to the Administrative Agent, with such Assignment and Acceptance, the Revolving Credit Note held by the subject Assigning Revolving Credit Lender and the Administrative Agent’s processing fee of $3,000.00; provided, however, no such processing fee shall be due where the Assigning Revolving Credit Lender is one of the Revolving Credit Lenders at the initial execution of this Agreement.

(c) The Administrative Agent shall maintain a copy of each Assignment and Acceptance delivered to it and a register or similar list (the “Register”) for the recordation of the names and addresses of the Revolving Credit Lenders and of the Revolving Credit Dollar Commitment and Revolving Credit Percentage Commitment of each Revolving Credit Lender. The Register shall be available for inspection by the Revolving Credit Lenders at any reasonable time and from time to time upon reasonable prior notice. In the absence of manifest error, the entries in the Register shall be conclusive and binding on all Revolving Credit Lenders. The Administrative Agent and the Revolving Credit Lenders may treat each Person whose name is recorded in the Register as a “Revolving Credit Lender” hereunder for all purposes of this Agreement.

(d) The Assigning Revolving Credit Lender and Assignee Revolving Credit Lender, directly between themselves, shall make all appropriate adjustments in payments for periods prior to the effective date of an Assignment and Assumption.

16.3. EFFECT OF ASSIGNMENT.

(a) From and after the effective date specified in an Assignment and Acceptance which has been executed, delivered, and recorded (which effective date the Administrative Agent may delay by up to five (5) Business Days after the delivery of such Assignment and Acceptance):

(i) The Assignee Revolving Credit Lender:

(A) Shall be a party to this Agreement and the other Loan Documents (and to any amendments thereof) as fully as if the Assignee Revolving Credit Lender had executed each.

(B) Shall have the rights of a Revolving Credit Lender hereunder to the extent of the Revolving Credit Dollar Commitment and the Revolving Credit Percentage Commitment assigned by such Assignment and Acceptance.

 

-118-


(ii) The Assigning Revolving Credit Lender shall be released from the Assigning Revolving Credit Lender’s obligations under this Agreement and the Loan Documents to the extent of the Revolving Credit Dollar Commitment assigned by such Assignment and Acceptance.

(iii) The Administrative Agent shall undertake to obtain and distribute replacement Revolving Credit Notes to the subject Assigning Revolving Credit Lender and Assignee Revolving Credit Lender.

(b) By executing and delivering an Assignment and Acceptance, the parties thereto confirm to and agree with each other and with all parties to this Agreement as to those matters which are set forth in the subject Assignment and Acceptance.

ARTICLE 17 - NOTICES:

17.1. NOTICE ADDRESSES. All notices, demands, and other communications made in respect of any Loan Document (other than a request for a loan or advance or other financial accommodation under the Revolving Credit Facility) shall be made to the following addresses, each of which may be changed upon seven (7) days written notice to all others given by certified mail, return receipt requested:

If to either Agent:

Bank of America, N.A.

100 Federal Street, 9th Floor

Boston, Massachusetts 02110

Attention:    Kathleen Dimock
   Managing Director

Fax: 617-434-4312

E-Mail:    kathleen.dimock@baml.com

With a copy to:

Riemer & Braunstein LLP

Three Center Plaza

Boston, Massachusetts 02108

Attention:    Kevin J. Simard Esquire

Fax: 617-880-3456

E-Mail:    ksimard@riemerlaw.com

If to the Borrowers’ Representative and all Loan Parties:

Casual Male Retail Group, Inc.

555 Turnpike Street

Canton, Massachusetts 02021

Attention:    Dennis Hernreich
   Chief Financial Officer

Fax: 781-828-3221

E-Mail:    dhernreich@cmal.com

 

-119-


With a copy to:

Greenberg Traurig LLP

One International Place

Boston, Massachusetts 02110

Attention:    Jonathan Bell, Esquire

Fax: 617-310-6001

E-Mail:    bellj@gtlaw.com

17.2. NOTICE GIVEN.

(a) Except as otherwise specifically provided herein, notices shall be deemed made and correspondence received, as follows (all times being local to the place of delivery or receipt):

(i) By mail: the sooner of when actually received or three (3) days following deposit in the United States mail, postage prepaid.

(ii) By recognized overnight express delivery: the Business Day following the day when sent.

(iii) By hand: If delivered on a Business Day after 9:00 AM and no later than three (3) hours prior to the close of customary business hours of the recipient, when delivered. Otherwise, at the opening of the then next Business Day.

(iv) By facsimile transmission (which must include a header on which the party sending such transmission is indicated): If sent on a Business Day after 9:00 AM and no later than three (3) hours prior to the close of customary business hours of the recipient, one (1) hour after being sent. Otherwise, at the opening of the then next Business Day.

(v) By electronic communication (including e-mail and Internet or intranet websites): unless the Administrative Agent otherwise prescribes, (A) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (B) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (A) of notification that such notice or communication is available and identifying the website address therefor.

 

-120-


(b) Rejection or refusal to accept delivery and inability to deliver because of a changed address or Facsimile Number for which no due notice was given shall each be deemed receipt of the notice sent.

17.3. WIRE INSTRUCTIONS. Subject to change in the same manner that a notice address may be changed (as to which, see Section 17.1), wire transfers to the Administrative Agent shall be made in accordance with the following wire instructions:

 

  Bank of America, N.A.
  ABA No.    026009593
  Acct Name:    Bank of America Retail Finance
     Collection Account
  Acct No. :    502-52044
  Reference:    Casual Male Retail Group

ARTICLE 18 - TERM:

18.1. TERMINATION OF REVOLVING CREDIT FACILITY. The Revolving Credit Facility shall remain in effect (subject to suspension as provided in Section 2.6(g) hereof) until the Termination Date.

18.2. ACTIONS ON TERMINATION.

(a) On the Termination Date, the Loan Parties shall pay the Administrative Agent (whether or not then due), in immediately available funds, all then Liabilities including, without limitation: the following:

(i) The entire balance of the Loan Account (including the unpaid principal balance of the Loans and SwingLine Loan).

(ii) Any then remaining unpaid installments of the Commitment Fees.

(iii) Any then remaining unpaid installments of the Administrative Agent’s Fee.

(iv) Any payments due on account of the indemnification obligations included in Section 2.11(e).

(v) Any accrued and unpaid Unused Line Fee.

 

-121-


(vi) All unreimbursed costs and expenses of each Agent and of Lenders’ Special Counsel for which each Loan Party is responsible.

(b) On the Termination Date, the Loan Parties shall also shall make such arrangements concerning any L/C’s then outstanding as are reasonably satisfactory to the Administrative Agent (such as their being cash collateralized at 103 % of their then Stated Amount).

(c) Until such payment (Section 18.2(a)) and arrangements concerning L/C’s (Section 18.2(b)), all provisions of this Agreement, other than those included in Article 2 which place any obligation on the Administrative Agent or any Revolving Credit Lender to make any loans or advances or to provide any financial accommodations to any Borrower shall remain in full force and effect until all Liabilities shall have been paid in full.

(d) The release by the Collateral Agent of the Collateral Interests granted the Collateral Agent by the Loan Parties hereunder may be upon such conditions and indemnifications as the Administrative Agent reasonably may require.

ARTICLE 19 - GENERAL:

19.1. PROTECTION OF COLLATERAL. No Agent has any duty as to the collection or protection of the Collateral beyond the safe custody of such of the Collateral as may come into the possession of that Agent.

19.2. PUBLICITY. The Agent may issue a “tombstone” notice of the establishment of the credit facility contemplated by this Agreement and may make reference to each Loan Party (and may utilize any logo or other distinctive symbol associated with each Loan Party) in connection with any advertising, promotion, or marketing undertaken by the Agent.

19.3. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon the Borrowers’ Representative, each Loan Party, and their respective representatives, successors, and assigns and shall inure to the benefit of each Agent and each Revolving Credit Lender and their respective successors and assigns; provided, however, no trustee or other fiduciary appointed with respect to any Loan Party shall have any rights hereunder. In the event that any Agent or any Revolving Credit Lender assigns or transfers its rights under this Agreement, the assignee shall thereupon succeed to and become vested with all rights, powers, privileges, and duties of such assignor hereunder and such assignor shall thereupon be discharged and relieved from its duties and obligations hereunder.

19.4. SEVERABILITY. Any determination that any provision of this Agreement or any application thereof is invalid, illegal, or unenforceable in any respect in any instance shall not affect the validity, legality, or enforceability of such provision in any other instance, or the validity, legality, or enforceability of any other provision of this Agreement.

 

-122-


19.5. AMENDMENTS. COURSE OF DEALING.

(a) This Agreement and the other Loan Documents incorporate all discussions and negotiations between each Loan Party and each Agent and each Revolving Credit Lender, either express or implied, concerning the matters included herein and in such other instruments, any custom, usage, or course of dealings to the contrary notwithstanding. No such discussions, negotiations, custom, usage, or course of dealings shall limit, modify, or otherwise affect the provisions thereof. No failure by any Agent or any Revolving Credit Lender to give notice to the Borrowers’ Representative of any Loan Party’s having failed to observe and comply with any warranty or covenant included in any Loan Document shall constitute a waiver of such warranty or covenant or the amendment of the subject Loan Document.

(b) Each Loan Party may undertake any action otherwise prohibited hereby, and may omit to take any action otherwise required hereby, upon and with the express prior written consent of the Administrative Agent. Subject to Article 16, no consent, modification, amendment, or waiver of any provision of any Loan Document shall be effective unless executed in writing by or on behalf of the party to be charged with such modification, amendment, or waiver (and if such party is the Administrative Agent then by a duly authorized officer thereof). Any modification, amendment, or waiver provided by the Administrative Agent shall be in reliance upon all representations and warranties theretofore made to the Administrative Agent by or on behalf of the Loan Parties (and any other guarantor, endorser, or surety of the Liabilities) and consequently may be rescinded in the event that any of such representations or warranties was not true and complete in all material respects when given.

19.6. POWER OF ATTORNEY. In connection with all powers of attorney included in this Agreement, each Loan Party hereby grants unto the Administrative Agent (acting through any of its officers) full power to do any and all things necessary or appropriate in connection with the exercise of such powers as fully and effectually as that Loan Party might or could do, hereby ratifying all that said attorney shall do or cause to be done by virtue of this Agreement. No power of attorney set forth in this Agreement shall be affected by any disability or incapacity suffered by any Loan Party and each shall survive the same. All powers conferred upon the Administrative Agent or the Collateral Agent by this Agreement, being coupled with an interest, shall be irrevocable until this Agreement is terminated by a written instrument executed by a duly authorized officer of the Administrative Agent.

19.7. APPLICATION OF PROCEEDS. The proceeds of any collection, sale, or disposition of the Collateral, or of any other payments received hereunder, shall be applied towards the Liabilities in such order and manner as the Administrative Agent determines in its discretion, consistent, however, with Sections 13.5 and 13.6 and any other applicable provisions of this Agreement. The Loan Parties shall remain liable for any deficiency remaining following such application.

 

-123-


19.8. INCREASED COSTS. If, as a result of any Requirement of Law, or of the interpretation or application thereof by any court or by any governmental or other authority or entity charged with the administration thereof, whether or not having the force of law, which on and after the Closing Date:

(a) subjects any Revolving Credit Lender to any taxes or changes the basis of taxation, or increases any existing taxes, on payments of principal, interest or other amounts payable by any Loan Party to the Administrative Agent or any Revolving Credit Lender under this Agreement (except for taxes on the Administrative Agent or any Revolving Credit Lender based on net income or capital imposed by the jurisdiction in which the principal or lending offices of the Administrative Agent or that Revolving Credit Lender are located);

(b) imposes, modifies or deems applicable any reserve, cash margin, special deposit or similar requirements against assets held by, or deposits in or for the account of or loans by or any other acquisition of funds by the relevant funding office of any Revolving Credit Lender;

(c) imposes on any Revolving Credit Lender any other condition with respect to any Loan Document; or

(d) imposes on any Revolving Credit Lender a requirement to maintain or allocate capital in relation to the Liabilities;

and the result of any of the foregoing, in such Revolving Credit Lender’s reasonable opinion, is to increase the cost to that Revolving Credit Lender of making or maintaining any loan, advance or financial accommodation or to reduce the income receivable by that Revolving Credit Lender in respect of any loan, advance or financial accommodation by an amount which that Revolving Credit Lender deems to be material, then upon written notice from the Administrative Agent, from time to time, to the Borrowers’ Representative (such notice to set out in reasonable detail the facts giving rise to and a summary calculation of such increased cost or reduced income), the Loan Parties shall forthwith pay to the Administrative Agent, for the benefit of the subject Revolving Credit Lender, upon receipt of such notice, that amount which shall compensate the subject Revolving Credit Lender for such additional cost or reduction in income.

19.9. COSTS AND EXPENSES OF AGENTS AND REVOLVING CREDIT LENDERS.

(a) The Loan Parties shall pay from time to time on demand all Costs of Collection and all reasonable costs, expenses, and disbursements (including reasonable attorneys’ fees and expenses) which are incurred by each Agent in connection with the preparation, negotiation, execution, and delivery of this Agreement and of any other Loan Documents, and all other reasonable costs, expenses, and disbursements which may be incurred in connection with or in respect to the credit facility contemplated hereby or which otherwise are incurred with respect to the Liabilities.

 

-124-


(b) The Loan Parties shall pay from time to time on demand all reasonable costs and expenses (including reasonable attorneys’ fees and expenses) incurred by the Revolving Credit Lenders to Lenders’ Special Counsel.

(c) Each Loan Party authorizes the Administrative Agent to pay all such fees and expenses and in the Administrative Agent’s reasonable discretion, to add such fees and expenses to the Loan Account.

(d) In connection with the termination of this Agreement and the release and termination of the security interests in the Collateral, the Agent may require such indemnities and collateral security as it shall reasonably deem necessary and appropriate to protect the Secured Parties against (i) loss on account of credits previously applied to the Liabilities that may subsequently be reversed or revoked, (ii) any obligations that may thereafter arise with respect to the Banking Services Obligations, and (iii) any Liabilities that may thereafter arise under this Section 19.9 and Section 19.12 hereof.

(e) The undertaking on the part of each Loan Party in this Section 19.9 shall survive payment of the Liabilities and/or any termination, release, or discharge executed by any Agent in favor of any Loan Party, other than a termination, release, or discharge which makes specific reference to this Section 19.9.

19.10. COPIES, FACSIMILES AND ELECTRONIC COMMUNICATIONS. Each Loan Document and all documents and papers which relates thereto which have been or may be hereinafter furnished any Agent or any Revolving Credit Lender may be reproduced by any Revolving Credit Lender or by any Agent by any photographic, microfilm, xerographic, digital imaging, or other process, and such Person making such reproduction may destroy any document so reproduced. Any such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding (whether or not the original is in existence and whether or not such reproduction was made in the regular course of business). Any facsimile or other electronic communication (such as a .pdf) which bears proof of transmission (or, in the case of an electronic communication transmitted by e-mail, which is deemed to have been received pursuant to Section 17.2(a)) shall be binding on the party which or on whose behalf such transmission was initiated and likewise shall be so admissible in evidence as if the original of such facsimile or other electronic communication had been delivered to the party which or on whose behalf such transmission was received.

19.11. MASSACHUSETTS LAW. This Agreement and all rights and obligations hereunder, including matters of construction, validity, and performance, shall be governed by the law of The Commonwealth of Massachusetts (without regard to the conflict of laws principles thereof).

 

-125-


19.12. INDEMNIFICATION. The Borrowers’ Representative and each Loan Party shall indemnify, defend, and hold each Agent and each Revolving Credit Lender and any of their respective employees, officers, or agents (each, an “Indemnified Person”) harmless of and from any claim brought or threatened against any Indemnified Person by any Loan Party, any other guarantor or endorser of the Liabilities, or any other Person (as well as from reasonable attorneys’ fees, expenses, and disbursements in connection therewith) on account of the relationship of the Borrowers’ Representative, the Loan Parties or of any other guarantor or endorser of the Liabilities, including all costs, expenses, liabilities, and damages as may be suffered by any Indemnified Person in connection with (x) the Collateral; (y) the occurrence of any Event of Default; or (z) the exercise of any rights or remedies under any of the Loan Documents (each of claims which may be defended, compromised, settled, or pursued by the Indemnified Person with counsel of the Administrative Agent’s selection, but at the expense of the Borrowers’ Representative and the Loan Parties) other than any claim as to which a final determination is made in a judicial proceeding (in which the Administrative Agent and any other Indemnified Person has had an opportunity to be heard), which determination includes a specific finding that the Indemnified Person seeking indemnification had acted in a grossly negligent manner or in actual bad faith or willful misconduct. This indemnification shall survive payment of the Liabilities and/or any termination, release, or discharge executed by the Administrative Agent in favor of the Borrowers’ Representative and/or the Loan Parties, other than a termination, release, or discharge duly executed on behalf of the Administrative Agent which makes specific reference to this Section 19.12.

19.13. RULES OF CONSTRUCTION. The following rules of construction shall be applied in the interpretation, construction, and enforcement of this Agreement and of the other Loan Documents:

(a) Unless otherwise specifically provided for herein, interest and any fee or charge which is stated as a per annum percentage shall be calculated based on a 360 day year and actual days elapsed.

(b) Words in the singular include the plural and words in the plural include the singular.

(c) Any reference, herein, to a circumstance or event’s having “more than a de minimis adverse effect” and any similar reference is to a circumstance or event which (x) in a well managed enterprise, would receive the active attention of senior management with a view towards its being reversed or remedied; or (y) if not reversed or remedied could reasonably be expected to lead to its becoming a material adverse effect.

(d) Titles, headings (indicated by being underlined or shown in SMALL CAPITALS) and any Table of Contents are solely for convenience of reference; do not constitute a part of the instrument in which included; and do not affect such instrument’s meaning, construction, or effect.

(e) The words “includes” and “including” are not limiting.

 

-126-


(f) Text which follows the words “including, without limitation” (or similar words) is illustrative and not limitational.

(g) Text which is shown in italics (except for parenthesized italicized text), shown in bold, shown IN ALL CAPITAL LETTERS, or in any combination of the foregoing, shall be deemed to be conspicuous.

(h) The words “may not” are prohibitive and not permissive.

(i) Any reference to a Person’s “knowledge” (or words of similar import) are to such Person’s knowledge assuming that such Person has undertaken reasonable and diligent investigation with respect to the subject of such “knowledge” (whether or not such investigation has actually been undertaken).

(j) Terms which are defined in one section of any Loan Document are used with such definition throughout the instrument in which so defined.

(k) “Dollars” and the symbol “$” refers to United States Dollars.

(l) Unless limited by reference to a particular Section or provision, any reference to “herein”, “hereof”, or “within” is to the entire Loan Document in which such reference is made.

(m) References to “this Agreement” or to any other Loan Document is to the subject instrument as amended to the date on which application of such reference is being made.

(n) Except as otherwise specifically provided, all references to time are to Boston time.

(o) In the determination of any notice, grace, or other period of time prescribed or allowed hereunder:

(i) Unless otherwise provided (I) the day of the act, event, or default from which the designated period of time begins to run shall not be included and the last day of the period so computed shall be included unless such last day is not a Business Day, in which event the last day of the relevant period shall be the then next Business Day and (II) the period so computed shall end at 5:00 PM on the relevant Business Day.

(ii) The word “from” means “from and including”.

(iii) The words “to” and “until” each mean “to, but excluding”.

(iv) The word “through” means “to and including”.

(p) The Loan Documents shall be construed and interpreted in a harmonious manner and in keeping with the intentions set forth in Section 19.14 hereof; provided, however, in the event of any inconsistency between the provisions of this Agreement and any other Loan Document, the provisions of this Agreement shall govern and control.

 

-127-


19.14. INTENT. It is intended that:

(a) This Agreement take effect as a sealed instrument.

(b) The scope of all Collateral Interests created by any Loan Party to secure the Liabilities be broadly construed in favor of the Administrative Agent and that they cover all assets of each Loan Party.

(c) All Collateral Interests created in favor of the Collateral Agent at any time and from time to time by any Loan Party secure all Liabilities, whether now existing or contemplated or hereafter arising.

(d) All reasonable costs, expenses, and disbursements incurred by any Agent, and, to the extent provide in Section 19.9 each Revolving Credit Lender, in connection with such Person’s relationship(s) with any Loan Party shall be borne by the Loan Parties.

(e) Unless otherwise explicitly provided herein, the Administrative Agent’s consent to any action of any Loan Party which is prohibited unless such consent is given may be given or refused by the Administrative Agent in its discretion or reasonable discretion, as applicable, and without reference to Section 2.17 hereof.

19.15. PARTICIPATIONS. Each Revolving Credit Lender may sell participations to one or more financial institutions (each, a “Participant”) in that Revolving Credit Lender’s interests herein, provided that no such participation shall include any provision which accords that Participant with any rights, vis a vis any Agent, with respect to any requirement herein for approval by a requisite number or proportion of the Revolving Credit Lenders. No such sale of a participation shall relieve a Revolving Credit Lender from that Revolving Credit Lender’s obligations hereunder nor obligate any Agent to any Person other than a Revolving Credit Lender.

19.16. RIGHT OF SET-OFF. Any and all deposits or other sums at any time credited by or due to any Loan Party from any Agent or any Revolving Credit Lender or any Participant or from any Affiliate of any of the foregoing, and any cash, securities, instruments or other property of any Loan Party in the possession of any of the foregoing, whether for safekeeping or otherwise (regardless of the reason such Person had received the same) to the extent permitted by law, shall at all times constitute security for all Liabilities and for any and all obligations of each Loan Party to each Agent and such Revolving Credit Lender or any Participant or such Affiliate and following the occurrence of an Event of Default may be applied or set off against the Liabilities and against such obligations at any time, whether or not such are then due and whether or not other collateral is then available to any Agent or that Revolving Credit Lender.

 

-128-


19.17. PLEDGES TO FEDERAL RESERVE BANKS. Nothing included in this Agreement shall prevent or limit any Revolving Credit Lender, to the extent that such Revolving Credit Lender is subject to any of the twelve Federal Reserve Banks organized under §4 of the Federal Reserve Act (12 U.S.C. §341) from pledging all or any portion of that Revolving Credit Lender’s interest and rights under this Agreement; provided, however, neither such pledge nor the enforcement thereof shall release the pledging Revolving Credit Lender from any of its obligations hereunder or under any of the Loan Documents.

19.18. MAXIMUM INTEREST RATE. Regardless of any provision of any Loan Document, neither any Agent nor any Revolving Credit Lender shall be entitled to contract for, charge, receive, collect, or apply as interest on any Liability, any amount in excess of the maximum rate imposed by Applicable Law. Any payment which is made which, if treated as interest on a Liability would result in such interest’s exceeding such maximum rate shall be held, to the extent of such excess, as additional collateral for the Liabilities as if such excess were “Collateral.”

19.19. WAIVERS.

(a) The Borrowers’ Representative and each Loan Party (and all guarantors, endorsers, and sureties of the Liabilities) make each of the waivers included in Section 19.19(b), below, knowingly, voluntarily, and intentionally, and understands that each Agent and each Revolving Credit Lender, in establishing the facilities contemplated hereby and in providing loans and other financial accommodations to or for the account of the Loan Parties as provided herein, whether not or in the future, is relying on such waivers.

(b) THE BORROWERS’ REPRESENTATIVE, EACH LOAN PARTY, AND EACH SUCH GUARANTOR, ENDORSER, AND SURETY RESPECTIVELY WAIVES THE FOLLOWING:

(i) Except as otherwise specifically required hereby, notice of non-payment, demand, presentment, protest and all forms of demand and notice, both with respect to the Liabilities and the Collateral.

(ii) Except as otherwise specifically required hereby or under applicable law, the right to notice and/or hearing prior to an Agent’s exercising of that Agent’s rights upon default.

(iii) THE RIGHT TO A JURY IN ANY TRIAL OF ANY CASE OR CONTROVERSY IN WHICH ANY AGENT OR ANY REVOLVING CREDIT LENDER IS OR BECOMES A PARTY (WHETHER SUCH CASE OR CONTROVERSY IS INITIATED BY OR AGAINST ANY AGENT OR ANY REVOLVING CREDIT LENDER OR IN WHICH ANY AGENT OR ANY

 

-129-


REVOLVING CREDIT LENDER IS JOINED AS A PARTY LITIGANT), WHICH CASE OR CONTROVERSY ARISES OUT OF OR IS IN RESPECT OF, ANY RELATIONSHIP AMONGST OR BETWEEN THE BORROWERS’ REPRESENTATIVE, ANY LOAN PARTY OR ANY OTHER PERSON AND THE AGENT AND EACH REVOLVING CREDIT LENDER LIKEWISE WAIVES THE RIGHT TO A JURY IN ANY TRIAL OF ANY SUCH CASE OR CONTROVERSY).

(iv) Except for manifest error, any defense, counterclaim, set-off, recoupment, or other basis on which the amount of any Liability, as stated on the books and records of the Administrative Agent or any Revolving Credit Lender, could be reduced or claimed to be paid otherwise than in accordance with the tenor of and written terms of such Liability.

(v) Any claim to consequential, special, or punitive damages.

19.20. ADDITIONAL WAIVERS.

(a) The Liabilities are the joint and several obligations of each Borrower. To the fullest extent permitted by Applicable Law, the obligations of each Borrower hereunder shall not be affected by (i) the failure of any Agent or any Revolving Credit Lender to assert any claim or demand or to enforce or exercise any right or remedy against any other Borrower under the provisions of this Agreement, any other Loan Document or otherwise, (ii) any rescission, waiver, or any release of the obligations of any other Borrower from any of the terms or provisions of, this Agreement, any other Loan Document, or any other agreement, or (iii) the failure to perfect any security interest in, or the release of, any of the security held by or on behalf of the Collateral Agent or any Revolving Credit Lender.

(b) The obligations of each Borrower hereunder shall not be discharged or impaired or otherwise affected by the failure of any Agent or any Revolving Credit Lender to assert any claim or demand or to enforce any remedy under this Agreement, any other Loan Document or any other agreement, by any default, failure or delay, willful or otherwise, in the performance of the Liabilities, or by any other act or omission that may or might in any manner or to any extent vary the risk of any Borrower or that would otherwise operate as a discharge of any Borrower as a matter of law or equity (other than the indefeasible payment in full in cash of all the Liabilities).

(c) To the fullest extent permitted by Applicable Law, each Borrower waives any defense based on or arising out of any defense of any other Borrower or the unenforceability of the Liabilities or any part thereof from any cause, or the cessation from any cause of the liability of any other Borrower, other than the indefeasible payment in full in cash of all the Liabilities. The Collateral Agent and the Revolving Credit Lenders may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise

 

-130-


or adjust any part of the Liabilities, make any other accommodation with any other Borrower, or exercise any other right or remedy available to them against any other Borrower, without affecting or impairing in any way the liability of any Borrower hereunder except to the extent that all the Liabilities have been indefeasibly paid in full in cash. Pursuant to Applicable Law, each Borrower waives any defense arising out of any such election even though such election operates, pursuant to Applicable Law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Borrower against any other Borrower, as the case may be, or any security.

(d) Upon payment by any Borrower of any Liabilities, all rights of such Borrower against any other Borrower arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subordinate and junior in right of payment to the prior indefeasible payment in full in cash of all the Liabilities. In addition, any indebtedness of any Borrower now or hereafter held by any other Borrower is hereby subordinated in right of payment to the prior payment in full of the Liabilities. None of the Borrowers will demand, sue for, or otherwise attempt to collect any such indebtedness. If any amount shall erroneously be paid to any Borrower on account of (a) such subrogation, contribution, reimbursement, indemnity or similar right or (b) any such indebtedness of any Borrower, such amount shall be held in trust for the benefit of the Agent and the Revolving Credit Lenders and shall forthwith be paid to the Administrative Agent to be credited against the payment of the Liabilities, whether matured or unmatured, in accordance with the terms of the Loan Documents.

19.21. REPLACEMENT OF REVOLVING CREDIT LENDERS.

(a) If any Revolving Credit Lender (i) is a Deteriorating Revolving Credit Lender or a Delinquent Revolving Credit Lender or (ii) requests compensation under Section 2.19(c) or Section 19.8, then the Borrowers’ Representative may, at its sole expense and effort, upon notice to such Revolving Credit Lender and the Administrative Agent, require such Revolving Credit Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 16.2), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Revolving Credit Lender, if a Revolving Credit Lender accepts such assignment), provided that:

(i) the Borrowers shall have paid to the Administrative Agent the assignment fee specified in Section 16.2(b);

(ii) such Revolving Credit Lender shall have received payment of an amount equal to the outstanding principal of its Revolving Credit Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts); and

 

-131-


(iii) such assignment does not conflict with Applicable Law.

A Revolving Credit Lender shall not be required to make any such assignment or delegation if, prior thereto, the circumstances entitling the Borrowers to require such assignment and delegation cease to apply. Each Revolving Credit Lender hereby grants to the Administrative Agent an irrevocable power of attorney (which power is coupled with an interest) to execute and deliver, on behalf of such Revolving Credit Lender, as assignor, any Assignment and Acceptance or other agreement necessary to effectuate any assignment of such Revolving Credit Lender’s interests hereunder in the circumstances contemplated by this Section 19.21 in the event any such Revolving Credit Lender fails to execute the agreements required under Article 16 in connection with an assignment pursuant to this Section 19.21, and any such agreements so executed by the assignee and Administrative Agent shall be effective for purposes of this Section 19.21 and for Article 16.

(b) In the event that such Revolving Credit Lender fails to deliver to the Administrative Agent the Revolving Credit Note held by such Revolving Credit Lender (or a lost note affidavit containing customary indemnification provisions), then:

(i) Unless otherwise approved by the Borrowers’ Representative and the Administrative Agent, the amounts otherwise to be paid to such Revolving Credit Lender as described above shall be paid to the Administrative Agent and held by the Administrative Agent, without interest, to be turned over to such Revolving Credit Lender upon delivery of the Revolving Credit Note (or a lost note affidavit containing customary indemnification provisions) held by such Revolving Credit Lender.

(ii) The Revolving Credit Note held by such Revolving Credit Lender shall have no force or effect whatsoever.

(iii) Such Revolving Credit Lender shall cease to be a “Revolving Credit Lender”.

(iv) The assignee shall have succeeded to all rights and become subject to all of the obligations of such Revolving Credit Lender as “Revolving Credit Lender”.

19.22. PATRIOT ACT NOTICE. Each Revolving Credit Lender that is subject to the Patriot Act and the Administrative Agent (for itself and not on behalf of any Revolving Credit Lender) hereby notifies the Loan Parties that, pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information that will allow such Revolving Credit Lender or the Administrative Agent, as applicable, to identify each Loan Party in accordance with the Patriot Act.

 

-132-


19.23. COUNTERPARTS; INTEGRATION; EFFECTIVENESS. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Article 3, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by telecopy, pdf or other electronic transmission shall be as effective as delivery of a manually executed counterpart of this Agreement.

19.24. EXISTING LOAN AGREEMENT AMENDED AND RESTATED. Upon satisfaction of the conditions precedent to the effectiveness of this Agreement, (a) this Agreement shall amend and restate the Existing Loan Agreement in its entirety (except to the extent that definitions from the Existing Loan Agreement are incorporated herein by reference) and (b) the rights and obligations of the parties under the Existing Loan Agreement shall be subsumed within, and be governed by, this Agreement; provided, however, that the Borrowers hereby agree that (i) the L/Cs outstanding under, and as defined in, the Existing Loan Agreement on the Closing Date shall be L/Cs outstanding hereunder, and (ii) all Liabilities of the Loan Parties under, and as defined in, the Existing Loan Agreement shall remain outstanding, shall constitute continuing Liabilities secured by the Collateral, and this Agreement shall not be deemed to evidence or result in a novation or repayment and reborrowing of such obligations and other liabilities.

[SIGNATURE PAGES FOLLOW]

 

-133-


 

THE BORROWERS’ REPRESENTATIVE:
CASUAL MALE RETAIL GROUP, INC.
By:   /s/ Dennis R. Hernreich
Name:   Dennis R. Hernreich
Title:   Executive Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer and Secretary
BORROWERS:
CASUAL MALE RETAIL GROUP, INC.
By:   /s/ Dennis R. Hernreich
Name:   Dennis R. Hernreich
Title:   Executive Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer and Secretary
CMRG APPAREL, LLC
By:   /s/ Dennis R. Hernreich
Name:   Dennis R. Hernreich
Title:   Executive Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer and Secretary

 

S-1


 

ADMINISTRATIVE AGENT AND COLLATERAL AGENT:
BANK OF AMERICA, N.A.
By:   /s/ Kahtleen A. Dimock
Name:   Kathleen A. Dimock
Title:   Managing Director
THE REVOLVING CREDIT LENDERS:
BANK OF AMERICA, N.A.
(REVOLVING CREDIT LENDER)
By   /s/ Kahtleen A. Dimock
Name:   Kathleen A. Dimock
Title:   Managing Director

 

S-2


 

PNC BANK, NATIONAL ASSOCIATION
(REVOLVING CREDIT LENDER)
By:   /s/ Dean Newman
Name:   Dean Newman
Title:   Relationship Manager

 

S-3


 

WELLS FARGO BANK, NATIONAL ASSOCIATION
(REVOLVING CREDIT LENDER)
By:     /s/ Connie Lin
Name:     Connie Lin
Title:       Vice President

 

S-4


 

JPMORGAN CHASE BANK, N.A.
(REVOLVING CREDIT LENDER)
By:         /s/ Kelly G. Maier
Name:     Kelly G. Maier
Title:       Vice President

1247018.10

 

S-5


Exhibit 1.0(a)

Casual Male Companies

 

NAME

  

FEDERAL ID

Casual Male Retail Group, Inc.    04-2623104
Casual Male CANADA Inc.    BN 86224-0074
CMRG Apparel, LLC    02-0525277
Casual Male Store, LLC    20-1627444
Capture, LLC    33-1003155
Casual Male Retail Store, LLC    20-1628392
Casual Male Direct, LLC    20-1628414
Casual Male RBT, LLC    20-1653061
Casual Male RBT (U.K.) LLC    20-1653147
Think Big Products LLC    20-5572744
Canton PL Liquidating Corp.    13-4222128
Casual Male (EUROPE) LLC    26-0854419
CMRG Holdco, LLC    26-1530177
CMRG Apparel Management, Inc.    26-1530263
CMXL Apparel, LP    26-1530365


EXHIBIT 1.0(a)

CASUAL MALE COMPANIES

LOGO


Exhibit 1.0(b)

Guarantors

 

NAME

  

FEDERAL ID

Casual Male CANADA Inc.

   BN 86224-0074

Casual Male Store, LLC

   20-1627444

Capture, LLC

   33-1003155

Casual Male Retail Store, LLC

   20-1628392

Casual Male Direct, LLC

   20-1628414

Casual Male RBT, LLC

   20-1653061

Casual Male RBT (U.K.) LLC

   20-1653147

Think Big Products LLC

   20-5572744

Canton PL Liquidating Corp.

   13-4222128

Casual Male (EUROPE) LLC

   26-0854419

CMRG Holdco, LLC

   26-1530177

CMRG Apparel Management, Inc.

   26-1530263

CMXL Apparel, LP

   26-1530365


Exhibit 1.1

Permitted Encumbrances

 

Debtor Name

  

Jurisdiction

  

Type

  

File Date

  

File No.

  

Secured Party Name

  

Status

  

Description

Casual Male Retail Group, Inc.    Delaware    UCC-1    08/03/04    42171181    NMHG Financial Services, Inc.    Active    Sweeper/Scrubber
Casual Male Retail Group, Inc.    Delaware    UCC-1    04/13/05    51144345    Siemens Financial Services, Inc.    Active    RapidSORT Controller
Casual Male Retail Group, Inc.    Delaware    UCC-1    09/21/05    52915453    De Lage Landen Financial Services, Inc.    Active    DMX2000 for AS400 System
Casual Male Retail Group, Inc.    Delaware    UCC-1    09/22/05    52937432    Xerox Corporation    Active    Color Copier
Casual Male Retail Group, Inc.    Delaware    UCC-1    12/01/05    53712156    Cisco Systems Capital Corporation    Active    Routers and Ethernet Computer Networking and Telecommunications Equipment
Casual Male Retail Group, Inc.    Delaware    UCC-1    05/01/06    61457340    IOS Capital    Active    Copiers/Scanners/Fax
Casual Male Retail Group, Inc.    Delaware    UCC-1    08/07/07    3172516    Banc of America Leasing & Capital, LLC    Active    Store equipment and fixtures, signage, distribution equipment and POS Equipment
Casual Male Retail Group, Inc.    Delaware    UCC-1    09/11/07    3439402    IKON Financial Services    Active    IKON (Generic) CPP650 Copier & Canon IR 5000
Casual Male Retail Group, Inc.    Delaware    UCC-1    09/11/07    3447181    IKON Financial Services    Active    Copier/Scanner


Casual Male Retail Group, Inc.    Delaware    UCC-1    12/28/07    4907001    De Lage Landen Financial Services, Inc.    Active    Clarion CX500 and Celerra NS502G-FD Storage Devices
Casual Male Retail Group, Inc.    Delaware    UCC-1    01/16/08    0202315    Banc of America Leasing & Capital, LLC    Active    Store equipment and fixtures, signage, distribution equipment and POS Equipment
Casual Male Retail Group, Inc.    Delaware    UCC-1    02/04/09    0385184    IBM Credit LLC    Active    IBM Value Plan Lease Reseller Software, Value Plan Lease Optical Storage Device


Exhibit 2.8

 

 

AMENDED AND RESTATED SWINGLINE NOTE

 

 

 

$15,000,000.00     November 10, 2010
    Boston, Massachusetts

FOR VALUE RECEIVED, the undersigned (individually, a “Borrower” and collectively, the “Borrowers”) jointly and severally promise to pay to the order of BANK OF AMERICA, N.A., a national banking association having an office at 100 Federal Street, 9th Floor, Boston, Massachusetts 02110 (with any subsequent holder, the “SwingLine Lender”), the principal sum of FIFTEEN MILLION DOLLARS ($15,000,000.00) or, if less, the aggregate unpaid principal balance of loans and advances made to the Borrowers pursuant to the SwingLine established pursuant to the Sixth Amended and Restated Loan and Security Agreement of even date herewith (as amended, modified, supplemented or restated and in effect from time to time, the “Loan Agreement”) between Bank of America, N.A., a national banking association having an office at 100 Federal Street, 9th Floor, Boston, Massachusetts 02110, as Administrative Agent and as Collateral Agent (with any successor in such capacities, so referred to herein) for the benefit of the Revolving Credit Lenders, and the Revolving Credit Lenders, on the one hand, and each of the Borrowers, on the other hand, with interest at the rate and payable in the manner stated therein. This Amended and Restated SwingLine Note replaces in full that certain SwingLine Note dated December 28, 2006, made payable to Bank of America, N.A. as SwingLine Lender thereunder from the Borrowers.

This Amended and Restated SwingLine Note is the “SwingLine Note” to which reference is made in the Loan Agreement and is subject to all terms and provisions thereof. Terms used herein which are defined in the Loan Agreement are used as so defined.

The Administrative Agent’s books and records concerning loans and advances pursuant to the SwingLine, the accrual of interest thereon, and the repayment of such loans and advances, shall be prima facie evidence of the indebtedness hereunder.

The principal of, and interest on, this SwingLine Note shall be payable as provided in the Loan Agreement and shall be subject to acceleration as provided therein.

No delay or omission by the Administrative Agent or the SwingLine Lender in exercising or enforcing any of their respective powers, rights, privileges, remedies, or discretions hereunder shall operate as a waiver thereof on that occasion nor on any other occasion. No waiver of any default hereunder shall operate as a waiver of any other default hereunder, nor as a continuing waiver.

The Borrowers, and each endorser and guarantor of this SwingLine Note, respectively waives presentment, demand, notice, and protest, and also waives any delay on the part of the


holder hereof. Each assents to any extension or other indulgence (including, without limitation, the release or substitution of Collateral) permitted by the Administrative Agent with respect to this SwingLine Note and/or any Collateral or any extension or other indulgence with respect to any other liability or any collateral given to secure any other liability of any Borrower or any other Person obligated on account of this SwingLine Note.

This SwingLine Note shall be binding upon each Borrower, and each endorser and guarantor hereof, and upon their respective heirs, successors, assigns, and representatives, and shall inure to the benefit of the SwingLine Lender and its successors, endorsees, and assigns.

The liabilities of each Borrower, and of any endorser or guarantor of this SwingLine Note, are joint and several; provided, however, the release by the SwingLine Lender or the Administrative Agent of any one or more such Persons, endorsers or guarantors shall not release any other Person obligated on account of this SwingLine Note. Each reference in this SwingLine Note to each Borrower, any endorser, and any guarantor, is to such Person individually and also to all such Persons jointly. No Person obligated on account of this SwingLine Note may seek contribution from any other Person also obligated unless and until all Liabilities, obligations and indebtedness to the SwingLine Lender of the Person from whom contribution is sought have been satisfied in full.

This SwingLine Note is delivered at the offices of the Administrative Agent in Boston, Massachusetts, shall be governed by the laws of The Commonwealth of Massachusetts (without regard to the conflict of laws principles thereof), and shall take effect as a sealed instrument.

Each Borrower makes the following waiver knowingly, voluntarily, and intentionally, and understands that the Administrative Agent and the SwingLine Lender in the establishment and maintenance of their respective relationship with the Borrowers contemplated by this SwingLine Note, is relying thereon. EACH BORROWER, TO THE EXTENT ENTITLED THERETO, WAIVES ANY PRESENT OR FUTURE RIGHT OF THAT BORROWER, OR OF ANY GUARANTOR OR ENDORSER OF THAT BORROWER OR OF ANY OTHER PERSON LIABLE TO THE SWINGLINE LENDER ON ACCOUNT OF OR IN RESPECT TO THE LIABILITIES, TO A TRIAL BY JURY IN ANY CASE OR CONTROVERSY IN WHICH THE ADMINISTRATIVE AGENT AND/OR THE SWINGLINE LENDER IS OR BECOMES A PARTY (WHETHER SUCH CASE OR CONTROVERSY IS INITIATED BY OR AGAINST THE ADMINISTRATIVE AGENT AND/OR THE SWINGLINE LENDER OR IN WHICH THE ADMINISTRATIVE AGENT AND/OR THE SWINGLINE LENDER IS JOINED AS A PARTY LITIGANT), WHICH CASE OR CONTROVERSY ARISES OUT OF, OR IS IN RESPECT TO, ANY RELATIONSHIP AMONGST OR BETWEEN ANY BORROWER, ANY SUCH PERSON, AND THE ADMINISTRATIVE AGENT AND/OR THE SWINGLINE LENDER.

[Signatures on Next Page]

 

2


 

    The Borrowers:
Witness:     CASUAL MALE RETAIL GROUP, INC.
    By   /s/ Dennis R. Hernreich
      Name:   Dennis R. Hernreich

/s/ James W. Caffarella

      Title:   Executive Vice President, Chief Operating Officer,
      Chief Financial Officer, Treasurer and Secretary
Witness:     CMRG APPAREL, LLC
    By:   /s/ Dennis R. Hernreich
      Name:   Dennis R. Hernreich

/s/ Kathleen E. Lehmann

      Title:   Executive Vice President, Chief Operating Officer,
      Chief Financial Officer, Treasurer and Secretary

1250979.2

 

3


EXHIBIT 2.10

 

 

AMENDED AND RESTATED REVOLVING CREDIT NOTE

 

 

 

$17,500,000.00   November     , 2010
  Boston, Massachusetts

FOR VALUE RECEIVED, the undersigned (individually, a “Borrower” and collectively, the “Borrowers”), jointly and severally promise to pay to the order of WELLS FARGO BANK, NATIONAL ASSOCIATION (hereinafter, with any subsequent holders, the “Revolving Credit Lender”), c/o Bank of America, N.A., a national banking association having an office at 100 Federal Street, 9th Floor, Boston, Massachusetts 02110, the principal sum of SEVENTEEN MILLION FIVE HUNDRED THOUSAND AND  00/100 Dollars ($17,500,000.00) or, if less, the aggregate unpaid principal balance of Revolving Credit Loans made to or for the account of the Borrowers pursuant to the Sixth Amended and Restated Loan and Security Agreement dated as of November     , 2010 (as amended, modified, supplemented or restated and in effect from time to time, the “Loan Agreement”) between Bank of America, N.A., a national banking association having an office at 100 Federal Street, 9th Floor, Boston, Massachusetts 02110, as Administrative Agent and as Collateral Agent (with any successor in such capacities, so referred to herein) for the benefit of the Revolving Credit Lenders, and the Revolving Credit Lenders, on the one hand, and each of the Borrowers, on the other hand, with interest at the rate and payable in the manner stated therein. This Amended and Restated Revolving Credit Note replaces in full the Amended and Restated Revolving Credit Note(s) held by the Revolving Credit Lender and issued in connection with the Existing Loan Agreement.

This Amended and Restated Revolving Credit Note is a “Revolving Credit Note” to which reference is made in the Loan Agreement and is subject to all terms and provisions thereof. Terms used herein which are defined in the Loan Agreement are used as so defined.

The principal of, and interest on, this Revolving Credit Note shall be payable as provided in the Loan Agreement and shall be subject to acceleration as provided therein.

The Administrative Agent’s books and records concerning loans and advances pursuant to the Revolving Credit Facility, the accrual of interest thereon, and the repayment of such loans and advances, shall be prima facie evidence of the indebtedness hereunder. Each of the Borrowers shall be bound by and obligated on account of any increase or decrease in the amount of the holder’s Revolving Credit Dollar Commitment notwithstanding that such increase or decrease may not be reflected on this Revolving Credit Note.

No delay or omission by the Administrative Agent or the Revolving Credit Lender in exercising or enforcing any of the Administrative Agent’s or the Revolving Credit Lender’s powers, rights, privileges, remedies, or discretions hereunder shall operate as a waiver thereof on that occasion nor on any other occasion. No waiver of any default hereunder shall operate as a waiver of any other default hereunder, nor as a continuing waiver.


The Borrowers, and each endorser and guarantor of this Revolving Credit Note, respectively waives presentment, demand, notice, and protest, and also waives any delay on the part of the holder hereof. Each assents to any extension or other indulgence (including, without limitation, the release or substitution of Collateral) permitted by the Administrative Agent with respect to this Revolving Credit Note and/or any Collateral or any extension or other indulgence with respect to any other liability or any collateral given to secure any other liability of any Borrower or any other Person obligated on account of this Revolving Credit Note.

This Revolving Credit Note shall be binding upon each Borrower, and each endorser and guarantor hereof, and upon their respective heirs, successors, assigns, and representatives, and shall inure to the benefit of the Revolving Credit Lender and its successors, endorsees, and assigns.

The liabilities of each Borrower, and of any endorser or guarantor of this Revolving Credit Note, are joint and several; provided, however, the release by the Administrative Agent or the Revolving Credit Lender of any one or more such Persons, endorsers or guarantors shall not release any other Person obligated on account of this Revolving Credit Note. Each reference in this Revolving Credit Note to each Borrower, any endorser, and any guarantor, is to such Person individually and also to all such Persons jointly. No Person obligated on account of this Revolving Credit Note may seek contribution from any other Person also obligated unless and until all Liabilities, obligations and indebtedness to the Revolving Credit Lender of the Person from whom contribution is sought have been satisfied in full.

This Revolving Credit Note is delivered at the offices of the Administrative Agent in Boston, Massachusetts, shall be governed by the laws of The Commonwealth of Massachusetts (without regard to the conflict of laws principles thereof), and shall take effect as a sealed instrument.

Each Borrower makes the following waiver knowingly, voluntarily, and intentionally, and understands that the Administrative Agent and the Revolving Credit Lender, in the establishment and maintenance of their respective relationship with the Borrowers contemplated by this Revolving Credit Note, is relying thereon. EACH BORROWER, TO THE EXTENT ENTITLED THERETO, WAIVES ANY PRESENT OR FUTURE RIGHT OF THAT BORROWER, OR OF ANY GUARANTOR OR ENDORSER OF THAT BORROWER OR OF ANY OTHER PERSON LIABLE TO THE REVOLVING CREDIT LENDER ON ACCOUNT OF OR IN RESPECT TO THE LIABILITIES, TO A TRIAL BY JURY IN ANY CASE OR CONTROVERSY IN WHICH THE ADMINISTRATIVE AGENT AND/OR THE REVOLVING CREDIT LENDER IS OR BECOMES A PARTY (WHETHER SUCH CASE OR CONTROVERSY IS INITIATED BY OR AGAINST THE ADMINISTRATIVE AGENT AND/OR THE REVOLVING CREDIT LENDER OR IN WHICH THE ADMINISTRATIVE AGENT AND/OR THE REVOLVING CREDIT LENDER IS JOINED AS A PARTY LITIGANT), WHICH CASE OR CONTROVERSY ARISES OUT OF, OR IS IN RESPECT TO, ANY RELATIONSHIP AMONGST OR BETWEEN ANY BORROWER, ANY SUCH PERSON, AND THE ADMINISTRATIVE AGENT AND/OR THE REVOLVING CREDIT LENDER.

[Remainder of page left intentionally blank]

 

2


 

        The Borrowers:
Witness:     CASUAL MALE RETAIL GROUP, INC.
    By  

/s/ Dennis R. Hernreich

      Name:   Dennis R. Hernreich

/s/ James Caffarella

      Title:   Executive Vice President, Chief Operating Officer,
      Chief Financial Officer, Treasurer and Secretary
Witness:     CMRG APPAREL, LLC
    By  

/s/ Dennis R. Hernreich

      Name:   Dennis R. Hernreich

/s/ Kathleen E. Lehmann

      Title:   Executive Vice President, Chief Operating Officer,
        Chief Financial Officer, Treasurer and Secretary

1250966.2

 

3


 

 

AMENDED AND RESTATED REVOLVING CREDIT NOTE

 

 

 

$17,500,000.00   November     , 2010
  Boston, Massachusetts

FOR VALUE RECEIVED, the undersigned (individually, a “Borrower” and collectively, the “Borrowers”), jointly and severally promise to pay to the order of JPMORGAN CHASE BANK, N.A. (hereinafter, with any subsequent holders, the “Revolving Credit Lender”), c/o Bank of America, N.A., a national banking association having an office at 100 Federal Street, 9th Floor, Boston, Massachusetts 02110, the principal sum of SEVENTEEN MILLION FIVE HUNDRED THOUSAND AND  00/100 Dollars ($17,500,000.00) or, if less, the aggregate unpaid principal balance of Revolving Credit Loans made to or for the account of the Borrowers pursuant to the Sixth Amended and Restated Loan and Security Agreement dated as of November     , 2010 (as amended, modified, supplemented or restated and in effect from time to time, the “Loan Agreement”) between Bank of America, N.A., a national banking association having an office at 100 Federal Street, 9th Floor, Boston, Massachusetts 02110, as Administrative Agent and as Collateral Agent (with any successor in such capacities, so referred to herein) for the benefit of the Revolving Credit Lenders, and the Revolving Credit Lenders, on the one hand, and each of the Borrowers, on the other hand, with interest at the rate and payable in the manner stated therein. This Amended and Restated Revolving Credit Note replaces in full the Amended and Restated Revolving Credit Note(s) held by the Revolving Credit Lender and issued in connection with the Existing Loan Agreement.

This Amended and Restated Revolving Credit Note is a “Revolving Credit Note” to which reference is made in the Loan Agreement and is subject to all terms and provisions thereof. Terms used herein which are defined in the Loan Agreement are used as so defined.

The principal of, and interest on, this Revolving Credit Note shall be payable as provided in the Loan Agreement and shall be subject to acceleration as provided therein.

The Administrative Agent’s books and records concerning loans and advances pursuant to the Revolving Credit Facility, the accrual of interest thereon, and the repayment of such loans and advances, shall be prima facie evidence of the indebtedness hereunder. Each of the Borrowers shall be bound by and obligated on account of any increase or decrease in the amount of the holder’s Revolving Credit Dollar Commitment notwithstanding that such increase or decrease may not be reflected on this Revolving Credit Note.

No delay or omission by the Administrative Agent or the Revolving Credit Lender in exercising or enforcing any of the Administrative Agent’s or the Revolving Credit Lender’s powers, rights, privileges, remedies, or discretions hereunder shall operate as a waiver thereof on that occasion nor on any other occasion. No waiver of any default hereunder shall operate as a waiver of any other default hereunder, nor as a continuing waiver.


The Borrowers, and each endorser and guarantor of this Revolving Credit Note, respectively waives presentment, demand, notice, and protest, and also waives any delay on the part of the holder hereof. Each assents to any extension or other indulgence (including, without limitation, the release or substitution of Collateral) permitted by the Administrative Agent with respect to this Revolving Credit Note and/or any Collateral or any extension or other indulgence with respect to any other liability or any collateral given to secure any other liability of any Borrower or any other Person obligated on account of this Revolving Credit Note.

This Revolving Credit Note shall be binding upon each Borrower, and each endorser and guarantor hereof, and upon their respective heirs, successors, assigns, and representatives, and shall inure to the benefit of the Revolving Credit Lender and its successors, endorsees, and assigns.

The liabilities of each Borrower, and of any endorser or guarantor of this Revolving Credit Note, are joint and several; provided, however, the release by the Administrative Agent or the Revolving Credit Lender of any one or more such Persons, endorsers or guarantors shall not release any other Person obligated on account of this Revolving Credit Note. Each reference in this Revolving Credit Note to each Borrower, any endorser, and any guarantor, is to such Person individually and also to all such Persons jointly. No Person obligated on account of this Revolving Credit Note may seek contribution from any other Person also obligated unless and until all Liabilities, obligations and indebtedness to the Revolving Credit Lender of the Person from whom contribution is sought have been satisfied in full.

This Revolving Credit Note is delivered at the offices of the Administrative Agent in Boston, Massachusetts, shall be governed by the laws of The Commonwealth of Massachusetts (without regard to the conflict of laws principles thereof), and shall take effect as a sealed instrument.

Each Borrower makes the following waiver knowingly, voluntarily, and intentionally, and understands that the Administrative Agent and the Revolving Credit Lender, in the establishment and maintenance of their respective relationship with the Borrowers contemplated by this Revolving Credit Note, is relying thereon. EACH BORROWER, TO THE EXTENT ENTITLED THERETO, WAIVES ANY PRESENT OR FUTURE RIGHT OF THAT BORROWER, OR OF ANY GUARANTOR OR ENDORSER OF THAT BORROWER OR OF ANY OTHER PERSON LIABLE TO THE REVOLVING CREDIT LENDER ON ACCOUNT OF OR IN RESPECT TO THE LIABILITIES, TO A TRIAL BY JURY IN ANY CASE OR CONTROVERSY IN WHICH THE ADMINISTRATIVE AGENT AND/OR THE REVOLVING CREDIT LENDER IS OR BECOMES A PARTY (WHETHER SUCH CASE OR CONTROVERSY IS INITIATED BY OR AGAINST THE ADMINISTRATIVE AGENT AND/OR THE REVOLVING CREDIT LENDER OR IN WHICH THE ADMINISTRATIVE AGENT AND/OR THE REVOLVING CREDIT LENDER IS JOINED AS A PARTY LITIGANT), WHICH CASE OR CONTROVERSY ARISES OUT OF, OR IS IN RESPECT TO, ANY RELATIONSHIP AMONGST OR BETWEEN ANY BORROWER, ANY SUCH PERSON, AND THE ADMINISTRATIVE AGENT AND/OR THE REVOLVING CREDIT LENDER.

[Remainder of page left intentionally blank]

 

2


 

        The Borrowers:
Witness:     CASUAL MALE RETAIL GROUP, INC.
    By  

/s/ Dennis R. Hernreich

      Name:   Dennis R. Hernreich

/s/ James Caffarella

      Title:   Executive Vice President, Chief Operating Officer,
      Chief Financial Officer, Treasurer and Secretary
Witness:     CMRG APPAREL, LLC
    By  

/s/ Dennis R. Hernreich

      Name:   Dennis R. Hernreich

/s/ Kathleen E. Lehmann

      Title:   Executive Vice President, Chief Operating Officer,
        Chief Financial Officer, Treasurer and Secretary

1250966.2

 

3


 

 

AMENDED AND RESTATED REVOLVING CREDIT NOTE

 

 

 

$17,500,000.00   November     , 2010
  Boston, Massachusetts

FOR VALUE RECEIVED, the undersigned (individually, a “Borrower” and collectively, the “Borrowers”), jointly and severally promise to pay to the order of PNC BANK, NATIONAL ASSOCIATION (hereinafter, with any subsequent holders, the “Revolving Credit Lender”), c/o Bank of America, N.A., a national banking association having an office at 100 Federal Street, 9th Floor, Boston, Massachusetts 02110, the principal sum of SEVENTEEN MILLION FIVE HUNDRED THOUSAND AND  00/100 Dollars ($17,500,000.00) or, if less, the aggregate unpaid principal balance of Revolving Credit Loans made to or for the account of the Borrowers pursuant to the Sixth Amended and Restated Loan and Security Agreement dated as of November     , 2010 (as amended, modified, supplemented or restated and in effect from time to time, the “Loan Agreement”) between Bank of America, N.A., a national banking association having an office at 100 Federal Street, 9th Floor, Boston, Massachusetts 02110, as Administrative Agent and as Collateral Agent (with any successor in such capacities, so referred to herein) for the benefit of the Revolving Credit Lenders, and the Revolving Credit Lenders, on the one hand, and each of the Borrowers, on the other hand, with interest at the rate and payable in the manner stated therein. This Amended and Restated Revolving Credit Note replaces in full the Amended and Restated Revolving Credit Note(s) held by the Revolving Credit Lender and issued in connection with the Existing Loan Agreement.

This Amended and Restated Revolving Credit Note is a “Revolving Credit Note” to which reference is made in the Loan Agreement and is subject to all terms and provisions thereof. Terms used herein which are defined in the Loan Agreement are used as so defined.

The principal of, and interest on, this Revolving Credit Note shall be payable as provided in the Loan Agreement and shall be subject to acceleration as provided therein.

The Administrative Agent’s books and records concerning loans and advances pursuant to the Revolving Credit Facility, the accrual of interest thereon, and the repayment of such loans and advances, shall be prima facie evidence of the indebtedness hereunder. Each of the Borrowers shall be bound by and obligated on account of any increase or decrease in the amount of the holder’s Revolving Credit Dollar Commitment notwithstanding that such increase or decrease may not be reflected on this Revolving Credit Note.

No delay or omission by the Administrative Agent or the Revolving Credit Lender in exercising or enforcing any of the Administrative Agent’s or the Revolving Credit Lender’s powers, rights, privileges, remedies, or discretions hereunder shall operate as a waiver thereof on that occasion nor on any other occasion. No waiver of any default hereunder shall operate as a waiver of any other default hereunder, nor as a continuing waiver.


The Borrowers, and each endorser and guarantor of this Revolving Credit Note, respectively waives presentment, demand, notice, and protest, and also waives any delay on the part of the holder hereof. Each assents to any extension or other indulgence (including, without limitation, the release or substitution of Collateral) permitted by the Administrative Agent with respect to this Revolving Credit Note and/or any Collateral or any extension or other indulgence with respect to any other liability or any collateral given to secure any other liability of any Borrower or any other Person obligated on account of this Revolving Credit Note.

This Revolving Credit Note shall be binding upon each Borrower, and each endorser and guarantor hereof, and upon their respective heirs, successors, assigns, and representatives, and shall inure to the benefit of the Revolving Credit Lender and its successors, endorsees, and assigns.

The liabilities of each Borrower, and of any endorser or guarantor of this Revolving Credit Note, are joint and several; provided, however, the release by the Administrative Agent or the Revolving Credit Lender of any one or more such Persons, endorsers or guarantors shall not release any other Person obligated on account of this Revolving Credit Note. Each reference in this Revolving Credit Note to each Borrower, any endorser, and any guarantor, is to such Person individually and also to all such Persons jointly. No Person obligated on account of this Revolving Credit Note may seek contribution from any other Person also obligated unless and until all Liabilities, obligations and indebtedness to the Revolving Credit Lender of the Person from whom contribution is sought have been satisfied in full.

This Revolving Credit Note is delivered at the offices of the Administrative Agent in Boston, Massachusetts, shall be governed by the laws of The Commonwealth of Massachusetts (without regard to the conflict of laws principles thereof), and shall take effect as a sealed instrument.

Each Borrower makes the following waiver knowingly, voluntarily, and intentionally, and understands that the Administrative Agent and the Revolving Credit Lender, in the establishment and maintenance of their respective relationship with the Borrowers contemplated by this Revolving Credit Note, is relying thereon. EACH BORROWER, TO THE EXTENT ENTITLED THERETO, WAIVES ANY PRESENT OR FUTURE RIGHT OF THAT BORROWER, OR OF ANY GUARANTOR OR ENDORSER OF THAT BORROWER OR OF ANY OTHER PERSON LIABLE TO THE REVOLVING CREDIT LENDER ON ACCOUNT OF OR IN RESPECT TO THE LIABILITIES, TO A TRIAL BY JURY IN ANY CASE OR CONTROVERSY IN WHICH THE ADMINISTRATIVE AGENT AND/OR THE REVOLVING CREDIT LENDER IS OR BECOMES A PARTY (WHETHER SUCH CASE OR CONTROVERSY IS INITIATED BY OR AGAINST THE ADMINISTRATIVE AGENT AND/OR THE REVOLVING CREDIT LENDER OR IN WHICH THE ADMINISTRATIVE AGENT AND/OR THE REVOLVING CREDIT LENDER IS JOINED AS A PARTY LITIGANT), WHICH CASE OR CONTROVERSY ARISES OUT OF, OR IS IN RESPECT TO, ANY RELATIONSHIP AMONGST OR BETWEEN ANY BORROWER, ANY SUCH PERSON, AND THE ADMINISTRATIVE AGENT AND/OR THE REVOLVING CREDIT LENDER.

[Remainder of page left intentionally blank]

 

2


 

        The Borrowers:
Witness:     CASUAL MALE RETAIL GROUP, INC.
    By  

/s/ Dennis R. Hernreich

      Name:   Dennis R. Hernreich

/s/ James Caffarella

      Title:   Executive Vice President, Chief Operating Officer,
      Chief Financial Officer, Treasurer and Secretary
Witness:     CMRG APPAREL, LLC
    By  

/s/ Dennis R. Hernreich

      Name:   Dennis R. Hernreich

/s/ Kathleen E. Lehmann

      Title:   Executive Vice President, Chief Operating Officer,
        Chief Financial Officer, Treasurer and Secretary

1250966.2

 

3


 

 

AMENDED AND RESTATED REVOLVING CREDIT NOTE

 

 

 

$22,500,000.00   November     , 2010
  Boston, Massachusetts

FOR VALUE RECEIVED, the undersigned (individually, a “Borrower” and collectively, the “Borrowers”), jointly and severally promise to pay to the order of BANK OF AMERICA, N.A. (hereinafter, with any subsequent holders, the “Revolving Credit Lender”), c/o Bank of America, N.A., a national banking association having an office at 100 Federal Street, 9th Floor, Boston, Massachusetts 02110, the principal sum of TWENTY-TWO MILLION FIVE HUNDRED THOUSAND AND  00/100 Dollars ($22,500,000.00) or, if less, the aggregate unpaid principal balance of Revolving Credit Loans made to or for the account of the Borrowers pursuant to the Sixth Amended and Restated Loan and Security Agreement dated as of November     , 2010 (as amended, modified, supplemented or restated and in effect from time to time, the “Loan Agreement”) between Bank of America, N.A., a national banking association having an office at 100 Federal Street, 9th Floor, Boston, Massachusetts 02110, as Administrative Agent and as Collateral Agent (with any successor in such capacities, so referred to herein) for the benefit of the Revolving Credit Lenders, and the Revolving Credit Lenders, on the one hand, and each of the Borrowers, on the other hand, with interest at the rate and payable in the manner stated therein. This Amended and Restated Revolving Credit Note replaces in full the Amended and Restated Revolving Credit Note(s) held by the Revolving Credit Lender and issued in connection with the Existing Loan Agreement.

This Amended and Restated Revolving Credit Note is a “Revolving Credit Note” to which reference is made in the Loan Agreement and is subject to all terms and provisions thereof. Terms used herein which are defined in the Loan Agreement are used as so defined.

The principal of, and interest on, this Revolving Credit Note shall be payable as provided in the Loan Agreement and shall be subject to acceleration as provided therein.

The Administrative Agent’s books and records concerning loans and advances pursuant to the Revolving Credit Facility, the accrual of interest thereon, and the repayment of such loans and advances, shall be prima facie evidence of the indebtedness hereunder. Each of the Borrowers shall be bound by and obligated on account of any increase or decrease in the amount of the holder’s Revolving Credit Dollar Commitment notwithstanding that such increase or decrease may not be reflected on this Revolving Credit Note.

No delay or omission by the Administrative Agent or the Revolving Credit Lender in exercising or enforcing any of the Administrative Agent’s or the Revolving Credit Lender’s powers, rights, privileges, remedies, or discretions hereunder shall operate as a waiver thereof on that occasion nor on any other occasion. No waiver of any default hereunder shall operate as a waiver of any other default hereunder, nor as a continuing waiver.


The Borrowers, and each endorser and guarantor of this Revolving Credit Note, respectively waives presentment, demand, notice, and protest, and also waives any delay on the part of the holder hereof. Each assents to any extension or other indulgence (including, without limitation, the release or substitution of Collateral) permitted by the Administrative Agent with respect to this Revolving Credit Note and/or any Collateral or any extension or other indulgence with respect to any other liability or any collateral given to secure any other liability of any Borrower or any other Person obligated on account of this Revolving Credit Note.

This Revolving Credit Note shall be binding upon each Borrower, and each endorser and guarantor hereof, and upon their respective heirs, successors, assigns, and representatives, and shall inure to the benefit of the Revolving Credit Lender and its successors, endorsees, and assigns.

The liabilities of each Borrower, and of any endorser or guarantor of this Revolving Credit Note, are joint and several; provided, however, the release by the Administrative Agent or the Revolving Credit Lender of any one or more such Persons, endorsers or guarantors shall not release any other Person obligated on account of this Revolving Credit Note. Each reference in this Revolving Credit Note to each Borrower, any endorser, and any guarantor, is to such Person individually and also to all such Persons jointly. No Person obligated on account of this Revolving Credit Note may seek contribution from any other Person also obligated unless and until all Liabilities, obligations and indebtedness to the Revolving Credit Lender of the Person from whom contribution is sought have been satisfied in full.

This Revolving Credit Note is delivered at the offices of the Administrative Agent in Boston, Massachusetts, shall be governed by the laws of The Commonwealth of Massachusetts (without regard to the conflict of laws principles thereof), and shall take effect as a sealed instrument.

Each Borrower makes the following waiver knowingly, voluntarily, and intentionally, and understands that the Administrative Agent and the Revolving Credit Lender, in the establishment and maintenance of their respective relationship with the Borrowers contemplated by this Revolving Credit Note, is relying thereon. EACH BORROWER, TO THE EXTENT ENTITLED THERETO, WAIVES ANY PRESENT OR FUTURE RIGHT OF THAT BORROWER, OR OF ANY GUARANTOR OR ENDORSER OF THAT BORROWER OR OF ANY OTHER PERSON LIABLE TO THE REVOLVING CREDIT LENDER ON ACCOUNT OF OR IN RESPECT TO THE LIABILITIES, TO A TRIAL BY JURY IN ANY CASE OR CONTROVERSY IN WHICH THE ADMINISTRATIVE AGENT AND/OR THE REVOLVING CREDIT LENDER IS OR BECOMES A PARTY (WHETHER SUCH CASE OR CONTROVERSY IS INITIATED BY OR AGAINST THE ADMINISTRATIVE AGENT AND/OR THE REVOLVING CREDIT LENDER OR IN WHICH THE ADMINISTRATIVE AGENT AND/OR THE REVOLVING CREDIT LENDER IS JOINED AS A PARTY LITIGANT), WHICH CASE OR CONTROVERSY ARISES OUT OF, OR IS IN RESPECT TO, ANY RELATIONSHIP AMONGST OR BETWEEN ANY BORROWER, ANY SUCH PERSON, AND THE ADMINISTRATIVE AGENT AND/OR THE REVOLVING CREDIT LENDER.

[Remainder of page left intentionally blank]

 

2


 

        The Borrowers:
Witness:     CASUAL MALE RETAIL GROUP, INC.
    By  

/s/ Dennis R. Hernreich

      Name:   Dennis R. Hernreich

/s/ James Caffarella

      Title:   Executive Vice President, Chief Operating Officer,
      Chief Financial Officer, Treasurer and Secretary
Witness:     CMRG APPAREL, LLC
    By  

/s/ Dennis R. Hernreich

      Name:   Dennis R. Hernreich

/s/ Kathleen E. Lehmann

      Title:   Executive Vice President, Chief Operating Officer,
        Chief Financial Officer, Treasurer and Secretary

1250966.2

 

3


EXHIBIT 2.23

Revolving Credit Lenders’ Commitments

 

Revolving Credit Lender

   Revolving Credit
Dollar Commitment
     Revolving Credit
Percentage
Commitment
 

Bank of America, N.A.

   $ 22,500,000         30.000000000

PNC Bank, National Association

   $ 17,500,000         23.333333333

JPMorgan Chase Bank, N.A.

   $ 17,500,000         23.333333333

Wells Fargo Bank, National Association

   $ 17,500,000         23.333333333

Total

   $ 75,000,000         100


Exhibit 3.8(b)

Existing Defaults under Material Contracts

None.


Exhibit 4.2

Loan Parties’ Information

 

                        Name    Jurisdiction of Organization    Federal Tax ID #

Casual Male Retail Group, Inc.

   Delaware    04-2623104

CMRG Apparel, LLC

   Delaware    02-0525277

Casual Male RBT, LLC

   Delaware    20-1653061

Casual Male RBT (U.K.) LLC

   Delaware    20-1653147

Casual Male CANADA Inc.

   Ontario, Canada    BN 86224-0074

Capture, LLC

   Virginia    33-1003155

Casual Male Store, LLC

   Delaware    20-1627444

Casual Male Retail Store, LLC

   Delaware    20-1628392

Casual Male Direct, LLC

   Delaware    20-1628414

Think Big Products LLC

   Delaware    20-5572744

Canton PL Liquidating Corp.

   Nevada    13-4222128

Casual Male (Europe) LLC

   Delaware    26-0854419

CMRG Holdco, LLC

   Delaware    26-1530177

CMRG Apparel Management, Inc.

   Delaware    26-1530263

CMXL Apparel, LP

   Delaware    26-153065

CMRG Global Holdings, Ltd.

   Cayman Islands    TR-208869

CMRG Europe B.V.

   Netherlands    NL8194.91.524.B01


EXHIBIT 4.3

TRADE NAMES

 

(a)(i) The following is a list of all names under which any Loan Party conducted business during the five (5) years preceding the date of this Agreement:

 

TRADE NAMES USED BY CASUAL MALE RBT, LLC & CASUAL MALE RBT (U.K.) LLC **

 

Rochester Big & Tall Clothing (07/01/74 – Pres.)

Rochester Clothing Co. (01/02/57 – 07/01/74)

Rochester Big & Tall (07/01/74 – Pres.)

Rochester Sport (not used)

California Big & Tall (not used)

Rochester Big & Tall Newark Park, Inc. *

Rochester Big & Tall Stevens Creek, Inc. *

 

*       In use until (circa) July 1991

**     By way of assignment pursuant to acquisition of Rochester Big & Tall Clothing on 10/29/04

 

TRADE NAMES ACQUIRED FROM INTELLIGENT TECHNOLOGIES, INC. d/b/a “SUPERSIZEWORLD” *

 

SuperSizeWorld (10/18/06 – 10/31/06) **

Big Lou Toilet Seat (not used)

MegaBand (not used)

MegaTowel (not used)

SuperSize Towel (not used)

SuperValue Towel (not used)

MegaHanger (not used)

Hangerzilla (not used)

 

*       By way of assignment pursuant to acquisition of supersizeworld.com business of Intelligent Technologies, Inc. on 10/18/06

**     The business and operations of SuperSizeWorld is conducted by Think Big Products, LLC d/b/a Living XL

  

TRADE NAMES USED BY CASUAL MALE RETAIL GROUP, INC.

 

Designs, Inc. (01/29/76 – 08/07/02)

Casual Male Retail Group, Inc. (08/08/02 – Pres.)

Levi’s Outlet by Designs *

Dockers Outlet by Designs *

Designs Exclusively Levi Strauss & Co. *

Designs Exclusively Levi’s *

 

*       In use from pre-1997 to 11/11/04

 

TRADE NAMES USED BY CASUAL MALE STORE, LLC & CASUAL MALE RETAIL STORE, LLC

 

Casual Male (in use since 11/01/73)

Casual Male Big & Tall (in use since 11/01/73)

Casual Male XL (in use since 08/10/05)

Destination XL (in use since 07/08/10)

DXL (in use since 07/08/10)

 

TRADE NAMES USED BY THINK BIG PRODUCTS, LLC

 

LivingXL (in use since 11/01/06)

 

TRADE NAMES USED BY CASUAL MALE DIRECT, LLC

 

ShoesXL (in use since 01/01/07)

Think Big (in use since 01/01/93)

Think Big Direct (in use since 01/01/93)

B&T Big & Tall Factory Direct (in use since 09/07/06)

B&T Factory Direct (in use since 09/07/06)

 

TRADE NAMES USED BY CASUAL MALE CANADA INC.

 

Casual Male (in use since 05/07/04)

Casual Male Big & Tall (in use since 05/07/04)

Casual Male XL (in use since 03/24/06)


 

(a)(ii) All Persons with whom any Loan Party consolidated or merged or from whom any Loan Party acquired in a single transaction or in a series of related transactions substantially all of such Person’s assets, in each case during the five (5) years preceding the date of this Agreement, is as follows:

 

  1. Casual Male Retail Group, Inc. and its wholly-owned subsidiary, Think Big Products, LLC, consummated the acquisition of certain assets and assumption of certain liabilities of the supersizeworld.com business from Intelligent Technologies, Inc., a Washington corporation, and Timothy C. Barry, an individual, pursuant to Asset Purchase Agreement, dated October 18, 2006.

 

NOTE:   CMRG Apparel, LLC is the applicant/registrant for all trademark applications and registrations for the trademarks/service marks listed in Exhibit A to Trademark Security Agreement.


Exhibit 4.4(b)

Exceptions to Property Rights

Casual Male Retail Group, Inc., and certain of its subsidiaries (“Casual Male”), use the trademarks, trade names, trade styles, brand names, service marks and logos of third party suppliers to the extent that they are affixed to the inventory supplied to Casual Male but otherwise only with each supplier’s prior consent in each instance.


Exhibit 4.5

Locations, Leases and Landlords

Casual Male Retail Group, Inc. (“CMRG”) leases its headquarters office, at 555 Turnpike Street, Canton, Massachusetts from Spirit SPE Canton, LLC, a Delaware limited liability company, a wholly-owned subsidiary of Spirit Finance Corporation, with a corporate address of 1431 N. Scottsdale Road, Suite 200, Scottsdale, Arizona 85254-2711. The property consists of a 1-building, 2-story multi-tenant warehouse/flex industrial facility containing 755,992 gross square feet on approximately 27.3-acre parcel of land.

As of July 31, 2010, CMRG leases and operates approximately 451 Casual Male XL stores, 1 Destination XL store and 19 Rochester Big and Tall stores. See attached schedule for leases of CMRG.


Exhibit 4.5

Locations, Leases, and Landlords

 

STORE  

LANDLORD

#  

Store Address

 

City

 

State

  Zip  

LL Name

 

LL Address

 

LL Address

 

City

 

State

  Zip
4295   463 SEVENTH AVE   NEW YORK CITY   New York   10018   ADAMS & COMPANY REAL ESTATE LLC   411 5TH AVENUE     NEW YORK   New York   10016-2203
5000   700 MISSION STREET   SAN FRANCISCO   California   94103   706 MISSION STREET CO LLC   JMA VENTURES   FOUR EMBARCADERO CENTER SUITE 3100   SAN FRANCISCO   California   94111
5008   9737 WILSHIRE BLVD., SUITE 100-E   BEVERLY HILLS   California   90212   BEVERLY HILLS GATEWAY, LP   OFFICE OF THE BUILDING   9777 WILSHIRE BLVD SUITE 815   BEVERLY HILLS   California   90212
5011   840 N. MICHIGAN AVENUE   CHICAGO   Illinois   60611   PMUDI, LLC   US EQUITIES ASSET MANAGEMENT, LLC   20 NORTH MICHIGAN AVE., SUITE 325   CHICAGO   Illinois   60602
5012   399 BOYLSTON STREET   BOSTON   Massachusetts   02116   SRI EIGHT 399 BOYLSTON LLC   SHORENSTEIN COMPANY LLC/CORP SECRETARY   235 MONTGOMERY ST., 16TH FLOOR   SAN FRANCISCO   California   94104
5013   1301 AVENUE OF THE AMERICAS   NEW YORK   New York   10019   1301 PROPERTIES OWNER LP   c/o PARAMOUNT GROUP, INC   1633 BROADWAY, SUITE 1801   NEW YORK   New York   10019
5014   11661 PRESTON FOREST VILLAGE RD. STE 101   DALLAS   Texas   75230   KIMCO REALTY CORPORATION   PO BOX 5020   3333 NEW HYDE PARK ROAD   NEW HYDE PARK   New York   11042-0020
5015   3157 PEACHTREE ROAD   ATLANTA   Georgia   30305   GEORGE E. MAYER & PHILIP OSBOURNE   PO BOX 2006     HIGHLANDS   North Carolina   28741
5015   3157 PEACHTREE ROAD   ATLANTA   Georgia   30305   GEORGE E. MAYER & PHILIP OSBOURNE   PO BOX 2006     HIGHLANDS   North Carolina   28741
5016   1020 CONNECTICUT AVE, NW   WASHINGTON   DC   20036   WASHINGTON SQUARE LP, LLP   LERNER CORP, MANAGING AGENT/ LEGAL   2000 TOWER OAKS BLVD., 8TH FL   ROCKVILLE   Maryland   20852
5022   901-H SOUTH COAST DRIVE   COSTA MESA   California   92626   METRO POINTE RETAIL ASSOCIATES II   COMMERCIAL RETAIL DEPT   949 SOUTH COAST DR., SUITE 600   COSTA MESA   California   92626
5025   BISCAYNE (US1) & NE 187TH STREET   AVENTURA   Florida   33180   PRUDENTIAL INSURANCE CO. OF AMERICA   SEC COMMERCIAL REALTY GROUP, INC   7284 W. PALMETTO PARK RD. STE 210S   BOCA RATON   Florida   33433-3414
5028   1801 5TH AVENUE   SEATTLE   Washington   98101   TIMES SQUARE BUILDING LLC   VANCE CORP   1809 7TH AVE., SUITE 300   SEATTLE   Washington   98101-1313
5029   1625 NORTHERN BOULEVARD   MANHASSET   New York   11030   G&M BAHAR CORP   BAHAR CORP   108-18 QUEENS BLVD, SUITE 705   FOREST HILLS   New York   11375
5033   150 ALLENDALE RD., BLG 1, 2N FL   KING OF PRUSSIA   Pennsylvania   19406   CPW GRAT TRUSTS U/A 4/19/99, PA TRUST   WILLNER PROPERTIES   150 ALLENDALE ROAD   KING OF PRUSSIA   Pennsylvania   19406
5101   1337 NORTH MAIN STREET   WALNUT CREEK   California   94596   STOW PARTNERS   MAJORIE FREDERICKS   16 PARK AVE   WALNUT CREEK   California   94595
5103   2301 GLADES ROAD, BAY 700   BOCA RATON   Florida   33431   GLADES-BUTTS ASSOCIATES, LTD   SCHMIER & FEURRING PROPERTIES, INC. C/O   7777 GLADES ROAD, SUITE 310   BOCA RATON   Florida   33434
5401   202 RED APPLE COURT   CENTRAL VALLEY   New York   10917   CPG PARTNERS, LP   CHELSEA PROPERTY GROUP, INC   105 EISENHOWER PARKWAY   ROSELAND   New Jersey   07068
59059   25000 SOUTHFIELD ROAD   SOUTHFIELD   Michigan   48075   PLATINUM ASSOCIATES, L.L.C.   VELICK PROPERTIES, INC. C/O   30701 W. TEN MILE ROAD #500   FARMINGTON HILLS   Michigan   48336
59180   443 ROUTE 17 SOUTH   PARAMUS   New Jersey   07652-   ROBERT WELLS     19 SCARSDALE FARM ROAD   SCARSDALE   New York   10583
59412   150 WORCESTER ROAD   FRAMINGHAM   Massachusetts   01701-   FRAMINGHAM-150 FR REALTY LP     1051 RESERVOIR AVE.   CRANSTON   Rhode Island   02910
9052   605 NORTH 98TH STREET   OMAHA   Nebraska   68114   LUND COMPANY   120 REGENCY PARKWAY   SUITE 116   OMAHA   Nebraska   68114
9053   8721 METCALF AVENUE   OVERLAND PARK   Kansas   66212   METCALF 87 ASSOCAITES, LLC   MARKS, NELSON, VOHLAND & CAMPBELL   7701 COLLEGE BLVD., SUITE 150   OVERLAND PARK   Kansas   66210
9054   445 EAST TOWNLINE ROAD   VERNON HILLS   Illinois   60061   445 TOWNLINE INVESTMENTS, LLC   C/O TERRACO INC   3201 OLD GLENVIEW RD., SUITE 300   WILMETTE   Illinois   60091
9055   1113 KENNY CENTRE   COLUMBUS   Ohio   43220   SCHOTTENSTEIN PROPERTY GROUP   1798 FREBIS AVENUE     COLUMBUS   Ohio   43206
9056   847 S. WHITE STATION ROAD   MEMPHIS   Tennessee   38117   UNION REALTY COMPANY   BELZ ENTERPRISES   100 PEABODY PLACE SUITE 1400   MEMPHIS   Tennessee   38103
9058   1026 SOUTH BRENTWOOD BLVD.   RICHMOND HEIGHT   Missouri   63117   WAGNER ENTERPRISES, LLC     4604 SE 20TH PL   CAPE CORAL   Florida   33904
9059   26300 SOUTHFIELD ROAD   LATHRUP VILLAGE   Michigan   48076   26300 INVESTMENTS LP   C/O TERESA KARLAVAGE   30600 TELEGRAPH RD-SUITE 3244   BINGHAM FARMS   Michigan   48025
9060   3480 FAIRLANE DRIVE   ALLEN PARK   Michigan   48101   GREEN DRIVE LLC   LORMAX STERN DEVELOPMENT CO   6755 DALY ROAD   WEST BLOOMFIELD   Michigan   48322
9063   43115 CRESCENT BLVD.   NOVI   Michigan   48375   NOVI TOWN CENTER INVESTORS LLC   242 TRUMBULL STREET     HARTFORD   Connecticut   06156
9064   13967 LAKESIDE CIRCLE   STERLING HEIGHTS   Michigan   48313   LAKE BELLAIRE, LLC   MICHIGAN PROPERTY GROUP   34355 GLOUSTER CIRCLE   FARMINGTON HILLS   Michigan   48331
9066   540 US HIGHWAY 46   TOTOWA   New Jersey   07512   ABLAR ASSOCIATES, LLC   19195 MYSTIC POINTE DRIVE   UNIT 2001   AVENTURA   Florida   33180
9067   236 LAFAYETTE ROAD   MENLO PARK   New Jersey   08837   MILLED FAMILY LIMITED PARTNERSHIP   499 ERNSTON ROAD   PO BOX 741   PARLIN   New Jersey   08859
9069   7939 S. ORANGE BLOSSOM TRAIL   ORLANDO   Florida   32809   DDRM SKYVIEW PLAZA LLC   DEVELOPERS DIVERSIFIED REALTY CORP   3300 ENTERPRISE PARKWAY   BEACHWOOD   Ohio   44122
9070   11503A ROCKVILLE PIKE   ROCKVILLE   Maryland   20852   11503 ROCKVILLE PIKE LLC   c/o SAUL HOLDINGS LP   7501 WISCONSIN AVE, SUITE 1500 EAST   BETHESDA   Maryland   20814-6522
9071   1457 W. SOUTHERN AVE., SUITE 13   MESA   Arizona   85202   HJ MESA, LLC   JAKOSKY PROEPRTIES   503 32nd ST., STE 200   NEWPORT BEACH   California   92663
9072   1725 NORTH TOWN EAST BLVD., SUITE 205   MESQUITE   Texas   75150   MESQUITE EMPORIUM, LP   QUINE & ASSOCIATES, INC   PO BOX 833009   RICHARDSON   Texas   75083-3009
9073   1025 N. CENTRAL EXPRESSWAY   PLANO   Texas   75075   RREEF ASSET MANAGER   200 CRESCENT COURT   SUITE 560   DALLAS   Texas   75201
9074   5393-A WESTHEIMER   HOUSTON   Texas   77056   UPTOWN JOINT VENTURE   105 TOWN CENTER ROAD   PO BOX 60851   KING OF PRUSSIA   Pennsylvania   19406-2394
9076   4100 S. COOPER STREET   ARLINGTON   Texas   76015   GRAVLEE COMMERCIAL   5956 SHERRY LANE   SUITE 1000   DALLAS   Texas   75225
9080   1004 WEST VALLEY PARKWAY #23   ESCONDIDO   California   92025   MC STRAUSS COMPANY   990 HIGHLAND DRIVE #200     SOLANA BEACH   California   92075
9081   340 N. GLENDALE AVENUE, #340   GLENDALE   California   91206   GLENDALE GARDEN CENTER, LLC   1101 EAST 18TH STREET     LOS ANGELES   California   90021
9082   19422 NORDHOFF STREET   NORTHRIDGE   California   91324   19420 NORDOFF LLC   KELLER WILLIAMS REALTY   2701 OCEAN PARK BLVD, SUITE 140   SANTA MONICA   California   90405
9083   11075 IH-10 WEST SUITE 302   SAN ANTONIO   Texas   78230   INLAND SOUTHWEST MANAGEMENT LLC #35105   ATTN: CLAUDETTE ZOCH   5741 LEGACY DRIVE, STE 315   PLANO   Texas   75024
9084   10300 LITTLE PATUXENT PKWY, SPACE #1870   COLUMBIA   Maryland   21044   GENERAL GROWTH PROPERTIES, INC   COLUMBIA REGIONAL OFFICE/LAW/LEASING   10275 LITTLE PATUXENT PARKWAY   COLUMBIA   Maryland   21044
9105   800 BALD HILL ROAD   WARWICK   Rhode Island   02893   AIRPOST ASSOCIATES, LLC   JAN COMPANIES   35 SOCKANOSSET CROSS RD   CRANSTON   Rhode Island   02920
9106   6222 LITTLE RIVER TURNPIKE   ALEXANDRIA   Virginia   22312-   LANDMARK HHH, LLC   C/O HHH PROPERTIES CORP.   4001 WILLIAMSBURG COURT   FAIRFAX   Virginia   22032
9112   21 FAUNCE CORNER ROAD   NORTH DARTMOUTH   Massachusetts   02747-   R&D MANAGEMENT CORPORATION     810 SEVENTH AVE 10TH FLOOR   NEW YORK   New York   10019
9114   2209 W. I 240 SERVICE ROAD, SUITE 318   OKLAHOMA CITY   Oklahoma   73159-8252   WALNUT SQUARE SHOPPING CENTER LLC  

C/O PRICE EDWARDS &

COMPANY

  210 PARK AVE, STE 1000   OKLAHOMA CITY   Oklahoma   73102
9117   440 MIDDLESEX ROAD   TYNGSBORO   Massachusetts   01879-1021   TJ MIDDLESEX LLC & TJ MIDDLESEX II LLC  

WINSLOW PROPERTY

MGMT INC

  5 MILITIA DRIVE   LEXINGTON   Massachusetts   02421
9119   8735 SOUTH CICERO AVE   HOMETOWN   Illinois   60456-1018   2300 W. ST. PAUL, LLC & VISION EQUITY GROUP, LLC  

KASS MANAGEMENT

SERVICES, INC

  2000 N RACINE, SUITE 4400   CHICAGO   Illinois   60614
9120   17 W 180 22ND STREET   OAKBROOK TERRACE   Illinois   60181   ROSSI REAL ESTATE CORP   1015 BUTTERFIELD ROAD     DOWNERS GROVE   Illinois   60515
9123   1044 W. MERCURY BLVD.   HAMPTON   Virginia   23666-   RIVERDALE PLAZA SC LLC   RIVERDALE MANAGEMENT CO   2013 CUNNINGHAM DR., SUITE 301   HAMPTON   Virginia   23666
9124   1138 SILAS DEANE HIGHWAY   WETHERSFIELD   Connecticut   16109-   PRIME DEVELOPMENT GROUP, LLC   FIELD BROTHERS-C/O   101 MERRITT BLVD, SUITE 101   TRUMBULL   Connecticut   06611
9127   884 NORTH U.S. 31   GREENWOOD   Indiana   46142-   GREENWOOD ASSOCIATES   SKINNER&BROADBENT CO, INC THE   117 EAST WASHINGTON ST., SUITE 300   INDIANAPOLIS   Indiana   46204


Exhibit 4.5

Locations, Leases, and Landlords

 

STORE  

LANDLORD

#  

Store Address

 

City

 

State

  Zip  

LL Name

 

LL Address

 

LL Address

 

City

 

State

  Zip
9131   1228-1230 NIAGARA FALLS BLVD.   TONAWANDA   New York   14150-   MARVIN GARDENS PLAZA   MJ PETERSON REAL ESTATE   501 JOHN JAMES AUDUBON PARKWAY   WEST AMHERST   New York   14228
9133   5030 EAST INDEPENDENCE BLVD   CHARLOTTE   North Carolina   28212   NORTHLAKE ASSOCIATES, LLC   MR. ROBERT NEEDLE   5201 VILLAGE BLVD   WEST PALM BEACH   Florida   33407
9137   1005 BOWER PARKWAY   COLUMBIA   South Carolina   29212   DDRTC COLUMBIANA STATION II LLC   3300 ENTERPRISE PARKWAY     BEACHWOOD   Ohio   44122
9139   7800 RIVERS AVENUE   NORTH CHARLESTON   South Carolina   29406-4016   KIMCO NORTH RIVERS 692, INC   3333 NEW HYDE PARK ROAD, SUITE 100   PO BOX 5020   NEW HYDE PARK   New York   11042-0020
9142   1410 WASHINGTON STREET   HANOVER   Massachusetts   02339-   DOUGLAS T. & STEVEN J. SHER LLC AND ZFT LLC   MARTIN E. SHER   3589 LAKEVIEW DRIVE   DELRAY BEACH   Florida   33445
9144   223-227 MEMORIAL AVENUE   WEST SPRINGFIELD   Massachusetts   01089-   CIC REALTY TRUST     73 STATE STREET   SPRINGFIELD   Massachusetts   01103
9149   110 WOLF ROAD   ALBANY   New York   12205-   WILLARD ANDERSON PROPERTIES     125 WOLF ROAD   ALBANY   New York   12205
9152   4630 FACTORY STORES BLVD   MYRTLE BEACH   South Carolina   29579   COROC/MYRTLE BEACH LLC   LEASE ID#002685   3200 NORTHLINE AVE, SUITE 360   GREENSBORO   North Carolina   27408
9155   3617 NORTHWEST EXPRESSWAY   OKLAHOMA CITY   Oklahoma   73132-   DESERT HOME COMMUNITIES LLC   7911 HERSCHEL AVE.   SUITE #306   LA JOLLA   California   92037
9157   1596 GALLATIN PIKE NORTH   MADISON   Tennessee   37115-   RIVERGATE SQUARE STATION INC   ATTN: R. MARK ADDY   11501 NORTHLAKE DRIVE   CINCINNATI   Ohio   45242-1669
9159   13289 WORTH AVENUE   WOODBRIDGE   Virginia   22192   KIMCO REALTY CORP   170 W. RIDGELY ROAD SUITE 210   PO BOX 5678   LUTHERVILLE   Maryland   21093
9160   735 PROVIDENCE HIGHWAY   DEDHAM   Massachusetts   02026-   FEDERAL REALTY INVESTMENT TRUST   ATTN: LEGAL DEPARTMENT   1626 EAST JEFFERSON STREET   ROCKVILLE   Maryland   20852-4041
9161   87 BROADWAY   SAUGUS   Massachusetts   01906-   87 BROADWAY LLC   c/o HIATT   80 LITTLE BAY ROAD   NEWINGTON   New Hampshire   03801
9166   1630 MILITARY ROAD   NIAGARA FALLS   New York   14304   FASHION OUTLETS OF NIAGARA, LLC   TALISMAN NIAGARA PROPERTIES CORP   4000 PONCE DE LEON BLVD,STE 420   CORAL GABLES   Florida   33146
9168   984 POQUONNOCK RD., ROUTE 12   GROTON   Connecticut   06340-   SYRAWEISS REALTY LLC, c/o   WEICORP., INC.   P.O. BOX 577   GALES FERRY   Connecticut   06335
9171   2217A EAST 80TH AVENUE   MERRILLVILLE   Indiana   46410-   CROSSINGS AT HOBART-I, LLC   SCHOTTENSTEIN PROPERTY GRP/LEASE ADM   4300 E. FIFTH AVE   COLUMBUS   Ohio   43219
9172   5728 INTERNATIONAL DR.   ORLANDO   Florida   32819   INTERNATIONAL SHOPPES, LLC   1701 PARK CENTER DRIVE   SUITE 100   ORLANDO   Florida   32832
9174   3333 WEST HENRIETTA ROAD   HENRIETTA   New York   14623   SOUTHTOWN PLAZA ASSOCIATES     2975 BRIGHTON-HENRIETTA TOWN L   ROCHESTER   New York   14623
9175   1501 BOSTON POST ROAD   MILFORD   Connecticut   06460   SHEMITZ ASSOCIATES LP   598 PROSPECT STREET     NEW HAVEN   Connecticut   06511
9176   3806-A HIGH POINT RD., SPACE G   GREENSBORO   North Carolina   27407-   ED KELLEY PLAZA ASSOCIATES   102 W. THIRD STREET   SUITE 470   WINSTON SALEM   North Carolina   27107
9177   4664 WEST 38TH STREET   INDIANAPOLIS   Indiana   46254-   LAFAYETTE ASSOCIATES   THE SKINNER&BROADBENT CO, INC   117 EAST WASHINGTON ST., SUITE 300   INDIANAPOLIS   Indiana   46204
9178   6109 E. VIRGINIA BEACH BLVD., SUITE C   NORFOLK   Virginia   23502-   SHEPHERD INVESTMENTS, LLC   LONG AND FOSTER RE/ATTN: DOUG SHEPHERD   317 30TH STREET   VIRGINIA BEACH   Virginia   23451
9180   450 NORTH STATE ROUTE 17   PARAMUS   New Jersey   07652   PARAMUS ROLLER SKATING ARENA, INC   450 RIVER DRIVE     GARFIELD   New Jersey   07026
9181   6217 BALTIMORE NATIONAL PIKE   BALTIMORE   Maryland   21228-   GIANT OF MARYLAND   THE STOP & SHOP SUPERMARKET CO LLC   PO BOX 55888   BOSTON   Massachusetts   02205
9185   686 FELLS WAY   MEDFORD   Massachusetts   02155-   FELLSWAY PLAZA LIMITED PARTNERSHIP   BERENSON ASSOCIATES, INC   ONE EXETER PLAZA 10TH FLOOR   BOSTON   Massachusetts   02116
9186   2456 U.S. HIGHWAY 22   UNION   New Jersey   07083-   ISLAND HOME CENTER   C/O JAMES NOSTE   P. O. BOX 1536   UNION   New Jersey   07083-1536
9187   2195B SNELLING AVENUE SOUTH   ROSEVILLE   Minnesota   55113   MARCO PROPERTIES MANAGEMENT   21393 NOVAK AVE NORTH     SCANDIA   Minnesota   55073
9188   8000 RICHMOND ROAD   LIGHTFOOT   Virginia   23090-   6401 RICHMOND ROAD LLLP   W.H.H.TRICE & CO   4029 IRONBOUND ROAD, SUITE 300   WILLIAMSBURG   Virginia   23188
9190   4751 SOUTH 76TH STREET   GREENFIELD   Wisconsin   53220-   4739 S. 76TH LLC   ELSA’S ON THE PARK   833 NORTH JEFFERSON STREET   MILWAUKEE   Wisconsin   53202
9191   346 SO. BROADWAY   SALEM   New Hampshire   03079-   DOROTHY M. DI ORIO     24 GORDAN MOUNTAIN ROAD   WINDHAM   New Hampshire   03087
9193   2049 MIDDLE COUNTRY RD.   CENTEREACH   New York   11720-   FIVE M REALTY COMPANY     PO BOX 2213   ST JAMES   New York   11780
9194   17430-17680 W. BLUEMOUND ROAD, #11   BROOKFIELD   Wisconsin   53005   BB&K/BROWNSTONES, INC   c/o MID-AMERICA ASSET MGMT, INC   1 PARK VIEW PLAZA, 9TH FL   OAKBROOK TERRACE   Illinois   60181
9196   1845 E. COUNTY ROAD D, SUITE 180   MAPLEWOOD   Minnesota   55109-   MAPLEWOOD 2007, LLC   H.J. DEVELOPMENT INC   15600 WAYZATA BLVD., SUITE 201   WAYZATA   Minnesota   55391
9197   91 MIDDLESEX TURNPIKE   BURLINGTON   Massachusetts   01803-4914   HERITAGE BURLINGTON SQUARE LLC   CENTRO PROPERTIES GROUP   420 LEXINGTON AVE 7TH FL   NEW YORK   New York   10170
9199   HOOPER AVENUE   TOMS RIVER   New Jersey   08753   MARX REALTY & IMPROVEMENT CO., INC.     708 THIRD AVENUE, 15TH FLOOR   NEW YORK   New York   10017-4146
9200   2949 WEST ADDISON STREET   CHICAGO   Illinois   60618-   ADDISON MALL L.L.C.   FIRST AMERICAN PROPERTIES, LLC   1731 N.MARCEY STREET, SUITE 520   CHICAGO   Illinois   60614
9201   6601 NICOLLET AVENUE SOUTH   RICHFIELD   Minnesota   55423-   RICHFIELD SHOPPES, LLC   MIDWEST MANAGEMENT, INC   750 PENNSYLVANIA AVE   MINNEAPOLIS   Minnesota   55426
9202   11601 108 STREET, SUITE 528   PLEASANT PRAIRIE   Wisconsin   53158   PRIME RETAIL, LP   217 EAST REDWOOD STREET   20TH FLOOR   BALTIMORE   Maryland   21202
9204   38 ROCKLAND PLAZA   NANUET   New York   10954   CENTRO NP HOLDINGS 11 SPE, LLC   420 LEXINGTON AVE, 7TH FLOOR     NEW YORK   New York   10170
9205   5776 GRAPE ROAD   MISHAWAKA   Indiana   46545-   CHASE PROPERTIES LTD   3333 RICHMOND ROAD   SUITE 320   BEACHWOOD   Ohio   44122
9206   35592 WEST WARREN ROAD   WESTLAND   Michigan   48185-   WESTWAY PLAZA ASSOCIATES, LP   c/o TRICAP HOLDINGS   PO BOX 784   WALLED LAKE   Michigan   48390
9207   2369 CENTRAL PARK AVENUE   YONKERS   New York   10710-   B.T.M.I. LTD   ELISABETH BRENHOUSE   1045 FIFTH AVE   NEW YORK   New York   10028
9208   3576 WASHTENAW AVE., SUITE B   ANN ARBOR   Michigan   48104-   RENKEN ASSOCIATES XVI LP     230 COLLINGWOOD, SUITE 160B   ANN ARBOR   Michigan   48103
9210   2637 WEST 95TH STREET   EVERGREEN PARK   Illinois   60642-   EVERGREEN PARTNERS, LLC     PO BOX 0323   NORTHBROOK   Illinois   60065
9211   2435 FLATBUSH AVENUE   BROOKLYN   New York   11234-   PRINCE PLAZA DEVELOPMENT CORPORATION   EQUITY MANAGEMENT, LLC   1407 BROADWAY, SUITE 2100   NEW YORK   New York   10018
9213   625 COMMERCE BLVD   FAIRLESS HILLS   Pennsylvania   19030   OXFORD VALLEY ROAD ASSOCIATES, LP   C/O THE GOLDENBERG GROUP, INC   350 SENTRY PARKWAY, BLDG 630,STE 300   BLUE BELL   Pennsylvania   19422
9214   100 WEST 12 MILE ROAD   MADISON HEIGHTS   Michigan   48071-2416   MADISON PLAZA LLC   4036 TELEGRAPH ROAD   SUITE 206   BLOOMFIELD HILLS   Michigan   48302
9217   1154 POLARIS PARKWAY   COLUMBUS   Ohio   43240   CASTO SANCUS RETAIL NORTH, INC   CASTO   191 WEST NATIONWIDE BLVD., SUITE 200   COLUMBUS   Ohio   43215
9220   25180 LORAIN ROAD   NORTH OLMSTEAD   Ohio   44070   B&G PROPERTIES LP   26565 MILES ROAD 200     CLEVELAND   Ohio   44128-5929
9221   5295 HICKORY HOLLOW PARKWAY   ANTIOCH   Tennessee   37013   DEVELOPERS DIVERSIFIED REALTY CORPORATION   3300 ENTERPRISE PARKWAY   ATTN: EXECUTIVE VP - LEASING   BEACHWOOD   Ohio   44122
9223   8303 EAST KELLOGG DRIVE   WICHITA   Kansas   67207   TMC EASTGATE, LLC   1707 N. WATERFRONT PARKWAY     WICHITA   Kansas   67206
9224   4434 BAY ROAD   SAGINAW   Michigan   48603   LYNN KIRK TRUSTEE   FOR PETER ANDREW KIRK   1524 1/2 STATE STREET   SANTA BARBARA   California   93101-2514
9225   6710 GOVERNOR RITCHIE HIGHWAY   GLEN BURNIE   Maryland   21061-2319   FEDDER MANAGEMENT CORP   AUTHORIZED AGENT FOR CHESAPEAKE SQ   10096 RED RUN BLVD. SUITE 300   OWINGS MILLS   Maryland   21117
9227   23007 EUREKA ROAD   TAYLOR   Michigan   48180   SOUTH PLAZA COMPANY, LLC   DR. WILLIAM A ATHENS   19545 PARKE LANE   GROSSE ILE   Michigan   48138
9229   101 SOUTH 48TH STREET   LINCOLN   Nebraska   68510-   TAYLOR ENTERPRISES, INC.   BOX 5711 STATION C     LINCOLN   Nebraska   68505


Exhibit 4.5

Locations, Leases, and Landlords

 

STORE  

LANDLORD

#  

Store Address

 

City

 

State

  Zip  

LL Name

 

LL Address

 

LL Address

 

City

 

State

  Zip
9232   5106 - 5108 WHIPPLE N.W.   CANTON   Ohio   44718-   GUS & HELEN PETRAKIS   4130 50TH STREET, N.W.     CANTON   Ohio   44718
9235   G4365 MILLER ROAD   FLINT   Michigan   48507-   MARVIN HEIDENRICH   900 CYPRESS GROVE DR.     POMPANO BEACH   Florida   33069
9236   220 BALTIMORE PIKE   SPRINGFIELD TOWNSHIP   Pennsylvania   19064   JEROME & RUTH ROSOFF   LANARD & AXILBUND-C/O   399 MARKET STREET   PHILADELPHIA   Pennsylvania   19106-2183
9237   2577 SO. HAMILTON ROAD   COLUMBUS   Ohio   43232-   EASTLAND PLAZA LIMITED PARTNERSHIP   LANDMARK PROPERTIES GROUP   4848 ROUTE 8, UNIT 2   ALLISON PARK   Pennsylvania   15101
9241   7565 GREENBELT RD.   GREENBELT   Maryland   20770   COMBINED PROPERTIES, INC   1255 22ND ST. NW, 6TH FLOOR   ATTN: LEGAL DEPARTMENT   WASHINGTON   DC   20037
9242   R1492 Rte. 9   LAKE GEORGE   New York   12845-9735   GORDON DEVELOPMENT CO, LLC     50 STATE STREET,6TH FL   ALBANY   New York   12207
9250   319 LINCOLN HWY.   FAIRVIEW HEIGHTS   Illinois   62208   GM FAIRVIEW HEIGHTS PROPERTY, LLC   PO BOX 8323     ST LOUIS   Missouri   63132
9251   ORE BANK ROAD EXTENDED   PIGEON FORGE   Tennessee   37863-   BELZ ENTERPRISES   TOWER AT PEABODY PLACE   100 PEABODY PLACE SUITE 1400   MEMPHIS   Tennessee   38103
9252   76TH & DODGE   OMAHA   Nebraska   68114   QUAPAW OMAHA LLC   PRIORITY PROPERTIES   1045 S.WOODS MILL RD., SUITE 1   TOWN & COUNTRY   Missouri   63017
9254   1359 N. LARKIN ST.   JOLIET   Illinois   60435   CREATIVITY CIRCLE, INC   MATANKY REALTY GROUP C/O   200 N. LaSALLE ST., SUITE 2350   CHICAGO   Illinois   60601-1014
9256   3256 BRUNSWICK PIKE - ROUTE 1   LAWRENCEVILLE   New Jersey   08648   LAWRENCE REALTY CO   ARTHUR ALLEN   2319 FIRST AVENUE, ROOM #206   SEATTLE   Washington   98121
9257   4755 NORTHFIELD ROAD   NORTH RANDALL   Ohio   44128-   BERTRAM LEFKOWICH   C/O MOTOR COURT CO.   30195 CHAGRIN BLVD SUITE 102W   PEPPER PIKE   Ohio   44124
9258   5212 MONROE STREET   TOLEDO   Ohio   43623   WONG PROPERTIES, INC   PO BOX 5580     TOLEDO   Ohio   43613
9260   6815 PEACH STREET, SPACE A-13   ERIE   Pennsylvania   16509   BALDWIN/RUBINO ASSOCIATES   BALDWIN BROTHERS, INC   2540 VILLAGE COMMON DRIVE   ERIE   Pennsylvania   16506-7202
9267   10027 E. WASHINGTON STREET   INDIANAPOLIS   Indiana   46229-   WASHINGTON SHOPPES LTD   THE BROADBENT COMPANY   117 EAST WASHINGTON ST., SUITE 300   INDIANAPOLIS   Indiana   46204-3614
9270   1407 N. VETERAN’S PARKWAY   BLOOMINGTON   Illinois   61704-   SSC LAKEWOOD PLAZA, LLC   191 W. NATIONWIDE BLVD   SUITE 200   COLUMBUS   Ohio   43215-2568
9271   4744 W. LINCOLN HWY.   MATTESON   Illinois   60443   EDGEMARK ASSET MANAGEMENT LLC   ROSE PLAZA   2215 YORK ROAD SUITE 503   OAKBROOK   Illinois   60523
9272   LITCHFIELD ROAD, SUITE 1   KITTERY   Maine   03904-   BRADFORD REALTY TRUST   529 ROUTE 1   SUITE 101   YORK   Maine   03909
9273   3931 28TH STREET S.E.   GRAND RAPIDS   Michigan   49512   EAST PARIS SHOPPES   THE BROADBENT COMPANY   117 EAST WSHINGTON ST/. SUITE 300   INDIANAPOLIS   Indiana   46204
9274   2450 WABASH SPACE 101   SPRINGFIELD   Illinois   62704   TROY COLLIDGE NO. 51, LLC   KMART CORP REF#3241 SPRINGFIELD, IL   3333 BEVERLY ROAD   HOFFMAN ESTATES   Illinois   60179
9278   11003 MIDLOTHIAN TURNPIKE   RICHMOND   Virginia   23235   11001 MIDLOTHIAN, LLC     15621 GENITO ROAD   AMELIA   Virginia   23002
9280   7515 McKNIGHT ROAD   PITTSBURGH   Pennsylvania   15108   RUCO ENTERPRISES   249 NORTH CRAIG STREET   LEGAL COUNSEL   PITTSBURGH   Pennsylvania   15213
9286   1819 DIXWELL AVENUE   HAMDEN   Connecticut   06514   CW PARKWAY PLAZA LLC   CENTRO PROPERTIES GROUP   420 LEXINGTON AVE., 7TH FL   NEW YORK   New York   10170
9291   351 S. COLLEGE RD, SPACE D-19   WILMINGTON   North Carolina   28403-1617   CENTRO HERITAGE SPE 4 LLC   CENTRO PROPERTIES GROUP   420 LEXINGTON AVE, 7TH FL   NEW YORK   New York   10170
9292   804 SOUTH ROAD SQUARE   POUGHKEEPSIE   New York   12601-   KEMPNER CORPORATION   257 MAMARONECK AVE     WHITE PLAINS   New York   10605
9298   1037 N. DUPONT HWY.   DOVER   Delaware   19901   CW DOVER LLC   CENTRO PROPERTY GROUP   420 LEXINGTON AVE., 7TH FL   NEW YORK   New York   10170
9299   670 COUNTY ROAD 10 NE   BLAINE   Minnesota   55432-   NORTHCOURT COMMONS RETAIL, LLC   KRAUS-ANDERSON REALTY CO   4210 WEST OLD SHAKOPEE ROAD   BLOOMINGTON   Minnesota   55437
9302   1216 S. UNIVERSITY AVENUE   LITTLE ROCK   Arkansas   72204-   BOYLE REALTY CO     6705 WEST 12TH ST. #2   LITTLE ROCK   Arkansas   72204
9304   5743 SOUTH WESTNEDGE AVENUE   PORTAGE   Michigan   49002   JAYESH C. SHARMA   6804 VERONICA STREET     KALAMAZOO   Michigan   49009
9306   677 H. KIDDER STREET   WILKES BARRE   Pennsylvania   18702   W.B. PROPERTIES, L.P.   LAWRENCE REAL ESTATE LLC/L. E. LEBENSON   1167 N. WASHINGTON ST., SUITE B   WILKES-BARRE   Pennsylvania   18705
9309   8801 UNIVERSITY AVENUE   CLIVE   Iowa   50325   UNIVERSITY PARK IMPROVEMENT, LLC   DLC MANAGEMENT CORP   PO BOX 7053   YONKERS   New York   10710
9311   3832 WILLIAM PENN HWY.   MONROEVILLE   Pennsylvania   15146-   DDK REAL ESTATE PARTNERSHIP, LP   317 MAPLE AVE     PITTSBURGH   Pennsylvania   15218
9312   109 FEDERAL ROAD   DANBURY   Connecticut     109 FEDERAL ROAD LLC   C/O SCALZO PROPERTY MANAGEMENT, INC   2 STONY HILL ROAD, SUITE 201   BETHEL   Connecticut   06801
9316   35 SO. WILLOWDALE DR. BOX 807   LANCASTER   Pennsylvania   17602-   ROCKVALE OUTLET CENTER   dba ROCKVALE SQUARE OUTLETS   35 SOUTH WILLOWDALE DR., STE 127   LANCASTER   Pennsylvania   17602
9319   3500 W 41ST STREET   SIOUX FALLS   South Dakota   57106-   NWE MANAGEMENT CO.   THE HEGG COMPANIES, C/O   1300 W. 57TH STREET   SIOUX FALLS   South Dakota   57108
9323   2400 INDUSTRIAL PARK DRIVE SPACE 450   SMITHFIELD   North Carolina   27577-   CPG FINANCE I LLC   C/O PREMIUM OUTLETS   105 EISENHOWER PARKWAY   ROSELAND   New Jersey   07068
9324   4340 13TH AVE. SW   FARGO   North Dakota   58103-   HALLMARK VILLAGE APTS   SCHOTTENSTEIN PROPERTY GROUP   1798 FREBIS AVENUE   COLUMBUS   Ohio   43206
9327   30160 GRATIOT AVENUE   ROSEVILLE   Michigan   48066-   GRIDIRON PROPERTIES COMPANY   370 EAST MAPLE ROAD   FOURTH FLOOR   BIRMINGHAM   Michigan   48009
9330   160 GLEN COVE ROAD UNIT #1   CARLE PLACE   New York   11514-   MURRAY H. MILLER MANAGEMENT COMPANY   143 OLD COUNTRY ROAD     CARLE PLACE   New York   11514
9331   4016 LEMAY FERRY ROAD   ST LOUIS   Missouri   63129   CHOI AND LEE INVESTMENTS, LLC   14196 MANCHESTER ROAD     BALLWIN   Missouri   63011
9333   4083 VETERANS MEMORIAL PKWY   ST. PETERS   Missouri   63376   HOFGRIT, LC   727 CRAIG ROAD   SUITE 100   ST. LOUIS   Missouri   63141
9334   16819 TORRENCE AVENUE   LANSING   Illinois   60438-   KFS LANDINGS LLC   JOSEPH FREED & ASSOCIATES LLC   33 SOUTH STATE ST., SUITE 400   CHICAGO   Illinois   60603-2802
9336   220 MAIN MALL ROAD   SOUTH PORTLAND   Maine   04106-   GINN REAL ESTATE LLC     220 MAINE MALL ROAD   SOUTH PORTLAND   Maine   04106
9339   449-56 SUNRISE HWY. BLDG. K   PATCHOGUE   New York   11772-   PERGAMENT/FELDMAN REALTY, INC     1500 OLD NORTHERN BLVD   ROSLYN   New York   11576
9340   5736 SILVER HILL RD.   DISTRICT HEIGHTS   Maryland   20747-   PENN STATION SC, LLC   THE RAPPAPORT COMPANIES, C/O   8405 GREENSBORO DRIVE, SUITE 830   McLEAN   Virginia   22102-5121
9343   6528 STEUBENVILLE PIKE   PITTSBURGH   Pennsylvania   15205   McROBIN, LTD & MOSITES FAMILY GST TRUST   d/b/a ROBINSON COURT   4839 CAMPBELL’S RUN ROAD   PITTSBURGH   Pennsylvania   15205
9347   8228 E. 61ST ST., SUITE 101   TULSA   Oklahoma   74133-   DIXON REAL ESTATE COMPANY   4870 S. LEWIS   SUITE 100   TULSA   Oklahoma   74105
9348   970 LOUCKS RD.   YORK   Pennsylvania   17404   BRANDYWINE CENTER LP   BENNETT WILLIAMS, INC-C/O   110 N GEORGE ST 4TH FLOOR   YORK   Pennsylvania   17401
9349   1530 N. GREEN RIVER ROAD - BLDG. A   EVANSVILLE   Indiana   47715   PHILLIPS EDISON & CO   R. MARK ADDY, COO / PELP PROPERTIES   11501 NORTHLAKE DRIVE   CINCINNATI   Ohio   45242
9351   5799 BRAINERD ROAD   CHATTANOOGA   Tennessee   37411-   RAINES GROUP, INC   1200 MOUNTAIN CREEK ROAD   SUITE 100   CHATTANOOGA   Tennessee   37405
9356   6898 SOUTHWEST FREEWAY   HOUSTON   Texas   77074-   PHCG INVESTMENTS   P.O. BOX 41567     HOUSTON   Texas   77241
9360   5849 W. SAGINAW HWY.   LANSING   Michigan   48917-   GALILEO DELTA CENTER, LLC   ERT AUSTRALIAN MANAGEMENT, LP   420 LEXINGTON AVE, 7TH FLOOR   NEW YORK   New York   10170
9361   501 COLISEUM BLVD. EAST   FORT WAYNE   Indiana   46805-   COLISEUM SHOPPES, LP   THE BROADBENT COMPANY   117 EAST WASHINGTON ST., SUITE 300   INDIANAPOLIS   Indiana   46204
9363   527 86TH STREET   BROOKLYN   New York   11209-   DEVELOPERS REALTY CORP   CORPORATE CENTER WEST   433 SOUTH MAIN ST. SUITE 310   WEST HARTFORD   Connecticut   06110
9365   7592 FM 1960 WEST   HOUSTON   Texas   77070   COMMONS AT WILLOWBROOK, INC   CB RICHARD ELLIS/LESLIE M. LOPEZ   2800 POST OAK BLVD., SUITE 2300   HOUSTON   Texas   77056


Exhibit 4.5

Locations, Leases, and Landlords

 

STORE  

LANDLORD

#  

Store Address

 

City

 

State

  Zip  

LL Name

 

LL Address

 

LL Address

 

City

 

State

  Zip
9366   8704A AIRPORT FREEWAY   HURST   Texas   76053-   B.G. RENTALS LLC   3811 FOX GLEN   PO BOX 140426   IRVING   Texas   75014-0426
9367   5060A SUNRISE HWY.   MASSAPEQUA   New York   11762-   FOLKSAN REALTY ASSOCIATES   JEFFREY MANAGEMENT CORP-C/O   7 PENN PLAZA, SUITE 618   NEW YORK   New York   10010
9368   4120 BUCKEYE PARKWAY   GROVE CITY   Ohio   43123   OUTLOT 41, LLC   CONTINENTAL REAL ESTATE COMPANIES   150 EAST BROAD ST., SUITE 800   COLUMBUS   Ohio   43215
9370   7341 25TH STREET   NORTH RIVERSIDE   Illinois   60546-   IG RIVERSIDE, LLC   3607 WEST FULLERTON AVENUE     CHICAGO   Illinois   60630
9371   1692 CLEMENTS BRIDGE ROAD   WOODBURY   New Jersey   08096   LOCUST GROVE PLAZA LLC   275 N. FRANKLIN TPKE   P O BOX 369   RAMSEY   New Jersey   07446
9374   2094 BARTOW AVE. SPACE #2   BRONX   New York   10475-   BAY PLAZA WEST, LLC   PRESTIGE PROP&DEV CO, INC-C/O   546 FIFTH AVE, 15TH FLOOR   NEW YORK   New York   10036
9375   129 E. KEMPER ROAD   SPRINGDALE   Ohio   45246-   KIMCO 420, INC.   KIMCO REALTY CORP.-C/O, P.O. BOX 5020   3333 NEW HYDE PARK RD, SUITE 100   NEW HYDE PARK   New York   11042-0020
9376   7324 KENWOOD ROAD   CINCINNATI   Ohio   45236   NISBET INVESTMENT COMPANY c/o   8041 HOSBROOK ROAD     CINCINNATI   Ohio   45236
9377   6024 EAST 82ND STREET   INDIANAPOLIS   Indiana   46250-   CASTLETON SHOPPES ASSOCIATES   THE BROADBENT COMPANY   117 EAST WASHINGTON ST., SUITE 300   INDIANAPOLIS   Indiana   46204
9378   4176 NORTH 56TH STREET   MILWAUKEE   Wisconsin   53216   INLAND WESTERN MILWAUKEE MIDTOWN, LLC   INLAND US MANAGEMENT, LLC   2901 BUTTERFIELD ROAD   OAK BROOK   Illinois   60523
9379   112 BOSTON TURNPIKE   SHREWSBURY   Massachusetts   01545   DOUGLAS REALTY CO   BARRIE SHORE/MARJORIE GILBERT   245 WATERMAN ST, RM 406   PROVIDENCE   Rhode Island   02906
9380   3376 CRAIN HIGHWAY (ROUTE 301)   WALDORF   Maryland   20603   ROUTE 301 LIMITED PARTNERSHIP   UNIWEST COMMERICAL REALTY   8191 STRAWBERRY LANE SUITE 3   FALLS CHURCH   Virginia   22042
9381   4607 SHELBYVILLE RD   LOUISVILLE   Kentucky   40207   SOVEREIGN COMPANY   4053 SHELBYVILLE ROAD   PO BOX 7066   LOUISVILLE   Kentucky   40257-0066
9383   2375 COTTMAN AVE.   PHILADELPHIA   Pennsylvania   19149-   CENTRO NP ROOSEVELT MALL OWNERS, LLC   420 LEXINGTON AVE, 7TH FLOOR     NEW YORK   New York   10170
9384   7924 SPRINGBORO PIKE   MIAMISBURG   Ohio   45342-   LEVINE REALTY COMPANY   72 W. MAIN STREET   PO BOX 1848   SPRINGFIELD   Ohio   45501
9387   926 BOARDMAN-POLAND RD.   BOARDMAN   Ohio   44512-   926 PROPERTIES, LLC     926 BOARDMAN-POLAND ROAD   BOARDMAN   Ohio   44512
9388   2325 RICHMOND AVE   STATEN ISLAND   New York   10314   HEARTLAND CENTRE COMPANY   C/O INTERSTATE MGMT. CORP.   2555 OCEAN AVENUE   BROOKLYN   New York   11229
9390   3209 W. CAMP WISDOM ROAD   DALLAS   Texas   75237-2052   MACLAY PROPERTIES COMPANY, INC   7557 RAMBLER ROAD   SUITE 965   DALLAS   Texas   75231
9391   3924 KIRKWOOD HWY.   WILMINGTON   Delaware   19808-   FUSCO ENTERPRISES LLC   PO BOX 665   200 AIRPORT RD, PO BOX 665   NEW CASTLE   Delaware   19720
9393   2221 I-40 WEST   AMARILLO   Texas   79109-   BOSTON & MAYS LLC   WOLFIN SQUARE SHOPPING CENTER   914 TYLER STREET   AMARILLO   Texas   79101
9395   7619 MENTOR AVENUE   MENTOR   Ohio   44060-   NORMAN J KOTOCH     355 BISHOP ROAD   HIGHLAND HTS   Ohio   44143
9396   445 W. DEKALB PIKE - RTE. 202   KING OF PRUSSIA   Pennsylvania   19406-   COMMERCE LIMITED PARTNERSHIP   COMMERCE GROUP (THE)   1280 W. NEWPORT CENTER DRIVE   DEERFIELD BEACH   Florida   33442
9400   200 MILL CREEK DRIVE   SECAUCUS   New Jersey     HARTZ MOUNTAIN DEVELOPMENT CORP.   dba 300 LIGHTING WAY , LLC   400 PLAZA DRIVE,PO BOX 1515   SECAUCUS   New Jersey   07096-1515
9401   310 REYNOLDS ROAD SUITE A   JOHNSON CITY   New York   13790   B&F DEVELOPMENT   8927 CENTER POINTE DRIVE     BALDWINSVILLE   New York   13027
9402   8251 AGORA PARKWAY, SUITE 101   SELMA   Texas   78154   ROSE-FORUM ASSOCIATES, LP   AVR REALTY COMPANY/LEGAL DEPT   ONE EXECUTIVE BLVD   YONKERS   New York   10701
9403   19723 EASTEX FREEWAY   HOUSTON   Texas   77338-   WRI RETAIL POOL I LP   WEINGARTEN REALTY INVESTORS   PO BOX 924133   HOUSTON,   Texas   77292-4133
9404   4408 50TH STREET   LUBBOCK   Texas   79414-   STEVE COX REAL ESTATE   PO BOX 270479     FLOWER MOUND   Texas   75027
9405   7834 KINGSTON PIKE   KNOXVILLE   Tennessee   37919-   PEROULAS PARTNERSHIP   C/O AL PEROULAS   4931 KINGSTON PIKE   KNOXVILLE   Tennessee   37919
9406   3526-3528 N. UNIVERSITY AVE.   PEORIA   Illinois   61604   FLORENCE STREET PARTNERS, LP   121 NE JEFFERSON STREET   SUITE 200   PEORIA   Illinois   61602
9407   10610-D CENTRUM PARKWAY   PINEVILLE   North Carolina   28134-   KIMCO REALTY CORPORATION   3333 NEW HYDE PARK ROAD, SUITE 100   PO BOX 5020   NEW HYDE PARK   New York   11042-0020
9408   13061 LEE JACKSON MEMORIAL HWY   FAIRFAX   Virginia   22030-   REGENCY CENTERS, LP   REGENCY CENTERS CORPORATION   ONE INDEPENDENT DRIVE, SUTIE 114   JACKSONVILLE   Florida   32202-5019
9409   712 W. COUNTY ROAD #42   BURNSVILLE   Minnesota   55337-   BURNHAVEN SIX, LLC   ANDERSON PROPERTY MANAGEMENT   6205 PARKWOOD ROAD   EDINA   Minnesota   55436
9411   4500 CITY LINE AVE., BLDG. A   PHILADELPHIA   Pennsylvania   19131-   CITY CENTRE PHILADELPHIA, PA LP   FIRST ALLIED CORPORATION   270 COMMERCE DRIVE   ROCHESTER   New York   14623
9412   1400 WORCESTER STREET   NATICK   Massachusetts   01760   NATICK ASSOCIATES, LLC   39 BRIGHTON AVE     ALLSTON   Massachusetts   02134
9413   7334 SAN PEDRO BLVD.   SAN ANTONIO   Texas   78216   MWM COMMERCIAL SP LTD   REATA PROPERTY MANAGEMENT   7330 SAN PEDRO, SUITE 720   SAN ANTONIO   Texas   78216
9414   6601 MENUAL N.E.   ALBUQUERQUE   New Mexico   87110   MORIMOTO PARTNERSHIP, LLC     13625 GLENCLIFF WAY   SAN DIEGO   California   92130
9415   320 W. SUNRISE HWY.   VALLEY STREAM   New York   11581-   TOYS “R” US, INC     1 GEOFFREY WAY   WAYNE   New Jersey   07470-2030
9416   1110 PENNSYLVANIA AVENUE   BROOKLYN   New York   11207   NBO REALTY INC     666 OLD COUNTRY ROAD   GARDEN CITY   New York   11530
9417   5118-C STAPLES STREET   CORPUS CHRISTI   Texas   78411-   C.C. QUALITY CONSTRUCTION, INC   C/O CORPUS CHRISTI REALTY MGMT   4646 CORONA, P.O. BOX 81281 (78468-1281)   CORPUS CHRISTI,   Texas   78411
9419   5504 SAN BERNADO AVE. STE. 100   LAREDO   Texas   78041-   GEMINI RIO NORTE   GEMINI PROPERTY MANAGEMENT, LLC   16740 BIRKDALE COMMONS PKY, STE 301   HUNTERSVILLE   North Carolina   28078
9420   7839 EASTPOINT MALL   BALTIMORE   Maryland   21224   THOR EASTPOINT MALL LLC   THOR EQUITIES, LLC   25 WEST 39TH ST, 11TH FL   NEW YORK   New York   10018
9421   4621 S. HULEN STREET   FORT WORTH   Texas   76132   JAMES H PARKINSON FAMILY TRUST     800 EIGHT AVE, SUITE 340   FORT WORTH   Texas   76104
9422   13398 PRESTON ROAD   DALLAS   Texas   75240-   PRESTON VALLEY VIEW, LTD   VISTA PROPERTY COMPANY   8750 N. CENTRAL EXPWY, STE 625   DALLAS   Texas   75231
9424   4425 JONESTOWN ROAD   HARRISBURG   Pennsylvania   17109   DAVENPORTS, INC.   1205 MANOR DRIVE SUITE 201   PO BOX 2055   MECHANICSBURG   Pennsylvania   17055
9428   708 N. CASALOM DR., STE. 10   GRAND CHUTE (APPLETO   Wisconsin   54915-   APPLETON EXCHANGE HOLDINGS, LLC   230 OHIO STREET   SUITE 200   OSHKOSH   Wisconsin   54902
9429   1111 HAWKINS BLVD.   EL PASO   Texas   79925-   PAISANO JOINT VENTURE   1525 CAMINO ALTO     EL PASO   Texas   79902
9430   350 TARRYTOWN ROAD RTE 119   WHITE PLAINS   New York   10607-   ROGER BRADLEY REALTY ASSOC.     18 OLD MILL ROAD   REDDING   Connecticut   06896
9431   3984 EASTERN BLVD.   MONTGOMERY   Alabama   36116   REX RADIO AND TELEVISION, INC.   2875 NEEDMORE ROAD     DAYTON   Ohio   45414
9432   62 - 74 BLANDING BLVD.   ORANGE PARK   Florida   32073   DOUGLAS GROUP OF CO.     951 MATHESON BLVD. EAST   MISSISSAUGA   Ontario   L4W2R7
9433   9402 ARLINGTON EXPRESSWAY   JACKSONVILLE   Florida   32225-   JACKSONVILLE REGENCY REAL ESTATE ASSOCIATES, LLC   YALE REALTY SERVICES CORP   10 NEW KING ST., SUITE 102   WHITE PLAINS   New York   10604
9434   1755 NE 163RD STREET   NORTH MIAMI   Florida   33162   PROMENADE PROPERTY ASSOCIATES     111 S. 17TH AVE   HOLLYWOOD   Florida   33020-6801
9435   5370 US HWY 78, SUITE 5   STONE MOUNTAIN   Georgia   30087-   STONE MOUNTAIN IMPROVEMENTS, LLC   DLC MANAGEMENT CORP   1720 PEACHTREE STREET, STE 220   ATLANTA   Georgia   30309
9440   1601 WEST EDGAR RD/   LINDEN   New Jersey   07036   WHARTON REALTY GROUP, INC   ATTN: ISAAC D. MASSRY   8 INDUSTRIAL WAY EAST, 2ND FL   EATONTOWN   New Jersey   07724
9442   861 WILLISTON ROAD   S BURLINGTON   Vermont   05403   BURLINGTON INTERSTATE CENTER, LLC   EASTERN DEVELOPMENT,LLC   120 PRESIDENTIAL WAY SUITE 300   WOBURN   Massachusetts   01801
9444   RTE. 6 SCRANTON-CARBONDALE HWY   SCRANTON   Pennsylvania   18505   BD CARBONDALE LP   1518 PARKSIDE DRIVE     LAKEWOOD   New Jersey   08701


Exhibit 4.5

Locations, Leases, and Landlords

 

 

STORE  

LANDLORD

#  

Store Address

 

City

 

State

  Zip  

LL Name

 

LL Address

 

LL Address

 

City

 

State

  Zip
9445   1757 SUNRISE HWY.   BAYSHORE (L.I.)   New York   11706-   TRIANGLE PROPERTIES #3   30 JERICHO EXECUTIVE PLAZA   SUITE 300C   JERICHO   New York   11753
9447   216 HADDONFIELD ROAD   CHERRY HILL   New Jersey   08002   KIN PROPERTIES, INC.   185 NW SPANISH RIVER BLVD   SUITE 100   BOCA RATON   Florida   33431-4231
9449   8372-8374 SUDLEY ROAD   MANASSAS   Virginia   22109   COOPERSMITH VA PROPERTIES, LLC   BORGER MANAGEMENT, INC   1111 14TH STREET, NW, SUITE 200   WASHINGTON   DC   20005
9451   1985 E. GOLF ROAD   SCHAUMBURG   Illinois   60173   INLAND SCHAUMBURG PROMENADE LLC   INLAND COMMERCIAL PROPERTY MGMT, INC   2901 BUTTERFIELD ROAD   OAK BROOK   Illinois   60523
9454   2367 MACARTHUR ROAD   WHITEHALL (ALLENTOWN   Pennsylvania   18052-   CHARLES KASYCH, JR     3330 MACARTHUR ROAD   WHITEHALL   Pennsylvania   18052
9456   2130 WALDEN AVENUE   CHEEKTOWAGA   New York   14225   DDR MDT CHEEKTOWAGA WALDEN PLACE LLC   DEVELOPERS DIVERSIFIED REALTY CORP   3300 ENTERPRISE PARKWAY   BEECHWOOD   Ohio   44122
9457   913 W. CENTRAL ENTRANCE   DULUTH   Minnesota   55811-   WATSON CENTERS, INC.   3100 WEST LAKE STREET   SUITE 215   MINNEAPOLIS   Minnesota   55416
9458   288 RTE. 10 W   SUCCASUNNA   New Jersey   07876   WESCO, INC     214 ROUTE 10   E HANOVER   New Jersey   07936
9460   7111 W. BROAD STREET   RICHMOND   Virginia   23294   T-H FAMILY LIMITED PARTNERSHIP   6606 WEST BROAD STREET   SUITE 400   RICHMOND   Virginia   23230
9461   326 RTE. 18   E. BRUNSWICK   New Jersey   08816   HARRY M. SCHNEIDER FAMILY TRUST   ELIAS L. SCHNEIDER, TRUSTEE   49 WEST PROSPECT STREET   E BRUNSWICK   New Jersey   08816
9464   RIDGE ROAD EAST   IRONDEQUOIT   New York   14621   PDQ TOPS, LLC   BALDWIN REAL ESTATE CORP, SUITE 200   1950 BRIGHTON HENRIETTA TOWNLINE RD   ROCHESTER   New York   14623
9465   695 NO. LEXINGTON-SPRINGMILL   MANSFIELD   Ohio   44906-   PAYLESS SHOE SOURCE, INC.   RETAIL PROPERTY #7023   P.O. BOX 3591   TOPEKA   Kansas   66601-3560
9466   2128 SAGAMORE PKWY. SOUTH   LAFAYETTE   Indiana   47905   BRAND INVESTMENTS   6274 EAST 375 SOUTH     LAFAYETTE   Indiana   47905
9468   2300 SOUTH ONEIDA   GREEN BAY   Wisconsin   54304   CITIZENS BANK   PFEFFERLE COMPANIES   200 E. WASHINGTON STREET, SUITE 2A   APPLETON   Wisconsin   54911
9469   4410 N. MIDKIFF ROAD   MIDLAND   Texas   79705-   PILCHERS GROUP     7001 PRESTON RD, STE 200 LB18   DALLAS   Texas   75205
9470   4815 OUTER LOOP BROWNSVILLE SQUARE   LOUISVILLE   Kentucky   40219   BROWN, NOLTEMEYER CO.   c/o CHARLES A. BROWN   2424 EAGLES EYRIE COURT   LOUISVILLE   Kentucky   40206
9471   3501 AMBASSADOR CAFFERY   LAFAYETTE   Louisiana   70503   EQUITY ONE, INC.   LOUISIANA PORTFOLIO, LLC   1600 N.E. MIAMI GARDENS DRIVE   NORTH MIAMI BEACH   Florida   33179
9472   2704 LYNNHAVEN PARKWAY, S. 105   VIRGINIA BEACH   Virginia   23452-   JLP-LYNNHAVEN VA, LLC   c/o SCHOTTENSTEIN PROP GROUP/LEASE ADM   4300 E. FIFTH AVE   COLUMBUS   Ohio   43219
9473   507 NORTH ACADEMY BOULEVARD   COLORADO SPRINGS   Colorado   80909   CITADEL CROSSING ASSOCIATES   SUMMIT COMMERCIAL GROUP, INC   1902 WEST COLORADO AVE, SUITE B   COLORADO SPRINGS   Colorado   80904
9477   1001 W.49th St., SUITE 1   HIALEAH   Florida   33012-   PALM SPRINGS MILE ASSOC, LTD   PHILIPS INTERNATIONAL HOLDING CORP   295 MADISON AVE, 2ND FL   NEW YORK   New York   10017
9478   9490 AIRLINE HIGHWAY   BATON ROUGE   Louisiana   70815-   COMMERCE GROUP, INC.   1280 W. NEWPORT CENTER DRIVE     DEERFIELD BEACH   Florida   33442
9482   S.R. 60 & I-75 #100B   BRANDON   Florida   33511-   KIMCO REALTY CORP   PO BOX 5020   3333 NEW HYDE PARK ROAD   NEW HYDE PARK   New York   11042-0020
9484   1006 W. ANTHONY DR. SUITE A&B   CHAMPAIGN   Illinois   61820-   BLOOMFIELD 2005, LLC   BLOCK & COMPANY, INC. C/O   605 W. 47TH ST., SUITE 200   KANSAS CITY   Missouri   64112
9486   9705 RESEARCH BLVD HWY. 183   AUSTIN   Texas   78759   DICK FERRELL & COMPANY   7557 RAMBLER ROAD   SUITE 1407   DALLAS   Texas   75231
9487   5755 N.W. LOOP 410 SUITE 103   SAN ANTONIO   Texas   78238-   LINEAGE GROUP, INC   ATTN: JOHN MANNIX   435 BURR ROAD   SAN ANTONIO   Texas   78209-5907
9488   4304 U.S. HIGHWAY 98 NORTH   N. LAKELAND   Florida   33809-   RLV VILLAGE PLAZA LP   RAMCO/LION VENTURE LP/STE 300   31500 NORTHWESTERN HWY, STE 300   FARMINGTON HILLS   Michigan   48334
9489   618 SOUTH ROUTE 59, SUITE 112   NAPERVILLE   Illinois   60540-   INLAND COMMERCIAL   PROPERTY MANAGEMENT, INC   2901 BUTTERFIELD RD   OAK BROOK   Illinois   60523
9490   7681 N. POINT PKWY., SUITE 500   ALPHARETTA   Georgia   30202-   CENTRO WATT OPERATING PARTNERSHIP 2, LLC   CENTRO PROPERTIES GROUP   420 LEXINGTON AVE, 7TH FL   NEW YORK   New York   10170
9491   9875 SO. DIXIE HIGHWAY   MIAMI   Florida   33156-   SHOE BANK INC.   C/O B. HANNA   9241 S.W. 140TH STREET   MIAMI   Florida   33176
9494   355 E. ALTAMONTE DR. #1000   ALTAMONTE SPRINGS   Florida   32701-   KIMCO REALTY CORP   PO BOX 5020   3333 NEW HYDE PARK RD STE 100   NEW HYDE PARK   New York   11042-0020
9500   565 E. HIGHWAY 3040,SUITE# 201   LEWISVILLE   Texas   75067-   GRE VISTA RIDGE LP   P.O’B MONTGOMERY & CO   13760 NOEL ROAD, SUITE 1150   DALLAS   Texas   75240
9501   1414 E. BATTLEFIELD   SPRINGFIELD   Missouri   65804-   MD DEVELOPMENT CO.   C/O MCLOUD & CO.   1949 E. SUNSHINE, SUITE 1-206   SPRINGFIELD   Missouri   65804
9502   12150 SOUTH BEYER ROAD, SPACE F050   BIRCH RUN   Michigan   48415-   BIRCH RUN OUTLETS II, LLC   105 EISENHOWER PARKWAY   7961CASMA1/   ROSELAND   New Jersey   07068
9503   135 BLOOMFIELD AVE.   BLOOMFIELD   New Jersey   07003-   BLOOMFIELD PLAZA ASSOCIATES     275 MADISON AVE, 30 th FL   NEW YORK   New York   10016
9504   3270 NICHOLASVILLE RD.   LEXINGTON   Kentucky   40503   CROSSROADS ASSOCIATES   EQUITY MGMT GROUP, INC-C/O   840 E HIGH ST, SUITE 110   LEXINGTON   Kentucky   40502
9505   6010 GLENWOOD AVENUE   RALEIGH   North Carolina   27612   MUNFORD PROPERTIES, LLC   GEORGE T. MUNFORD   5509 MUNFORD ROAD   RALEIGH   North Carolina   27612
9506   RT. 200 & PLANK RD   ALTOONA   Pennsylvania   16602-   CW PARK HILLS PLAZA LP   CENTRO PROPERTY GROUP/SALES AUDIT DEPT   PO BOX 962   NEW YORK   New York   10108
9507   3514 W. GENESEE ST.   SYRACUSE   New York   13219-   IRWIN & ANN KLEIN   THE SUTTON CO.   525 PLUM STREET, SUITE 100   SYRACUSE   New York   13204
9508   3301 NORTH EVERBROOK LANE   MUNCIE   Indiana   47304-   RONALD D. CLARK   CONSOLIDATED PROPERTY MANAGEMENT   1801 MAIN STREET   LAFAYETTE   Indiana   47904
9509   2091 WEST STREET, PAROLE   ANNAPOLIS   Maryland   21401-   ANNAPOLIS STATION L.L.C.   ROBERT W. DOUGLAS   10 LEIGH DRIVE   OCEAN PINES   Maryland   21811
9510   1950 PLEASANT HILL RD. STE. B   DULUTH   Georgia   30136-   COMMERCE GROUP, INC.   1280 W. NEWPORT CENTER DRIVE     DEERFIELD BEACH   Florida   33442
9513   815 GOUCHER BLVD.   TOWSON   Maryland   21286   VORNADO REALTY TRUST   210 ROUTE 4 EAST     PARAMUS   New Jersey   07652-0910
9516   4455 CLEVELAND AVE.   FT. MYERS   Florida   33901-   COMMERCE LIMITED PARTNERSHIP #9408   1280 W.NEWPORT CENTER DRIVE     DEERFIELD BEACH   Florida   33442
9518   89-55 QUEENS BLVD   ELMHURST   New York   11373-   HARMEN INVESTMENT CO., LP     91-31 QUEENS BLVD   ELMHURST   New York   11373
9521   3435 WRIGHTSBORO ROAD #1206   AUGUSTA   Georgia   30909-   RICHMOND PLAZA INVESTORS, LP   CB RICHARD ELLIS   3100 BRECKINRIDGE BLVD,SUITE 185   DULUTH   Georgia   30096
9522   7929 ABERCORN ST., SUITE 640-650   SAVANNAH   Georgia   31406-
3443
  OGLETHORPE ASSOCIATES, LLLP   TRI-KELL INVESTMENTS, INC/1 OVERTON PARK   3625 CUMBERLAND BLVD, STE 530   ATLANTA   Georgia   30339
9523   1990 N. MILITARY TRAIL   WEST PALM BEACH   Florida   33409-   TIME EQUITIES, INC AS AGENT   CLINTON HILLS WPB EQUITIES, LLC   55 5TH AVE., 15TH FLOOR   NEW YORK   New York   10003
9524   3558 SOUTH WEST COLLEGE ROAD   OCALA   Florida   34474-   SELECT SITES OF ATTLEBOROUGH, INC   3109 GRAND AVE. #326     COCONUT GROVE   Florida   33133
9526   1707 MONTGOMERY HIGHWAY   BIRMINGHAM   Alabama   35244-   DEVELOPERS DIVERSIFIED REALTY CORPORATION   3300 ENTERPRISE PARKWAY   ATTN: EXECUTIVE VP - LEASING   BEACHWOOD   Ohio   44122
9527   698 SOUTH WHITNEY WAY   MADISON   Wisconsin   53711-   TRI-BELL PARTNERS, LLP   2625 RESEARCH PARK DRIVE     FITCHBURG   Wisconsin   53711-4908
9528   4199 EAST JERICHO TURNPIKE   EAST NORTHPORT   New York   11731-   EMPIRE ASSOCIATES REALTY CO   ESTATE OF SOL GOLDMAN   640 FIFTH AVE 3rd FLOOR   NEW YORK   New York   10019
9529   300 TANGER OUTLET CENTER   BRANSON   Missouri   65616   TANGER PROPERTIES LIMITED PARTNERSHIP   3200 NORTHLINE AVE   SUITE 360   GREENSBORO   North Carolina   27408
9530   2410 LAURENS ROAD   GREENVILLE   South Carolina   29607-   L.C. JULIAN, JR., LLC     P.O. BOX 2610   GREENVILLE   South Carolina   29602
9533   4130 SOUTH TAMIAMI TRAIL   SARASOTA   Florida   34231-   D-SHARON CORP 1,a FLORIDA CORP   2011 W. CLEVELAND STREET   SUITE E   TAMPA   Florida   33606
9534   936 ROUTE 22 EAST   SOMERVILLE   New Jersey   08876-   STRATIS CORP   PARK & MOUNTAIN AVENUES     SCOTCH PLAINS   New Jersey   07076


Exhibit 4.5

Locations, Leases, and Landlords

 

STORE  

LANDLORD

#  

Store Address

 

City

 

State

  Zip  

LL Name

 

LL Address

 

LL Address

 

City

 

State

  Zip
9540   291 THIRD AVENUE   NEW YORK   New York     MANHATTAN SKYLINE MANAGEMENT CORP   103 WEST 55TH STREET     NEW YORK   New York   10019
9541   11090 PINES BOULEVARD   PEMBROKE PINES   Florida   33026-   CP PEMBROKE PINES, LLC   SELECT STRATEGIES-BROKERAGE, FL DIV LLC   4124 TOWN CENTER BLVD   ORLANDO   Florida   32837
9545   4217 SOUTH BROADWAY AVE   TYLER   Texas   75701-   NOLAN E. AND PAUL MANZIEL   P.O. BOX 6005   110 WEST EIGHT ST   TYLER   Texas   75711
9551   3196 NORTH STATE ROAD   LAUDERDALE LAKES   Florida   33319-   KIMCO CORP   3194 SFLL0120/LCASUMA00   3333 NEW HYDE PARK ROAD   NEW HYDE PARK   New York   11042
9553   1111 LEAGUE LINE RD STE #121   CONROE   Texas   77303-   CRAIG REALTY GROUP-CONROE, LP   ATTN:MANAGER- LEASE ADM & GEN COUNSEL   4100 MACARTHUR BLVD, SUITE 200   NEWPORT BEACH   California   92660
9554   1170 WEST PATRICK ST., S. G&H   FREDERICK   Maryland   21702-   ROUTE 40 LP   ROBERT BEGELMAN-C/O   15942 SHADY GROVE ROAD   GAITERSBURG   Maryland   20877
9557   2033 LEBANON CHURCH RD SUITE C   WEST MIFFLIN   Pennsylvania   15122-   TRUMBULL CORP   1020 LEBANON ROAD     WEST MIFFLIN   Pennsylvania   15122
9558   SUITE 60 455 BELWOOD RD. S.E.   CALHOUN   Georgia   30701-   CALHOUN OUTLETS LLC   105 EISENHOWER PARKWAY   7962CASMA1/   ROSELAND   New Jersey   07068
9564   13003 WEST CENTER ROAD, S. #28   OMAHA   Nebraska   68144-   WESTWOOD PLAZA LIMITED PARTNERSHIP   MONTCLAIR PROFESSIONAL CENTER   13057 W CENTER ROAD   OMAHA   Nebraska   68144-3790
9566   5732 MCWHINNEY BOULEVARD, #E-40   LOVELAND   Colorado   80538-   CRAIG REALTY GROUP-LOVELAND, LLC   ATTN:MANAGER-LEASE ADM&GENERAL COUNSEL   4100 MACARTHUR, SUITE 200   NEWPORT BEACH   California   92660
9567   2110 WEST INTL. SPEEDWAY   DAYTONA BEACH   Florida   32114-   RICHARD J. SCHILDHORN, TRUSTEE   C/O SRA INVESTMENTS, INC.   4140 N.W. 60TH CIRCLE   BOCA RATON   Florida   33496
9568   64 TUNNEL ROAD   ASHEVILLE   North Carolina   28805-   PATCO REALTY   222 GRAND AVE     ENGLEWOOD   New Jersey   07631
9571   8115 FACTORY SHOPS BLVD   JEFFERSONVILLE   Ohio   43128   OHIO FACTORY SHOPPS PARTNERSHIP   105 EISENHOWER PARKWAY   7971CASMA1/   ROSELAND   New Jersey   07068
9573   1470 PLEASANT VALLEY RD.   MANCHESTER   Connecticut   06040   PLAZA AT BUCKHILLS, LLC   SIMON PROPERTY GROUP   225 W. WASHINGTON STREET   INDIANAPOLIS   Indiana   46204-3438
9576   11747 NORTH EXECUTIVE DRIVE, #880   EDINBURGH   Indiana   46124   CPG PARTNERS, L.P.     105 EISENHOWER PARKWAY   ROSELAND   New Jersey   07068
9577   3040 SOUTH EVANS STREET, #103   GREENVILLE   North Carolina   27834   CENTRO HERITAGE UC GREENVILLE LLC   1 FAYETTE ST #300     CONSHOHOCKEN   Pennsylvania   19428-2064
9581   4710-B UNIVERSITY DRIVE   HUNTSVILLE   Alabama   35816   BROOKHILL MANAGEMENT CORPORATION     501 MADISON AVENUE   NEW YORK   New York   10022
9582   46220 POTOMAC RUN PLAZA   STERLING   Virginia   20164   KIMCO REALTY CORPORATION   3333 NEW HYDE PARK ROAD   SUITE 100 PO BOX 5020   NEW HYDE PARK   New York   11042-0020
9583   199 NORTH ROUTE 73, STE. A   WEST BERLIN   New Jersey   08091   ACCREDITED AUTOBALE CORP     235A N. ROUTE 73   WEST BERLIN   New Jersey   08091
9584   2778 COBB PARKWAY   ATLANTA   Georgia   30339   PEARLE VISION, INC.   LUXOTTICA RETAIL/ATTN: RETAIL LEASE DEPT   4000 LUXOTTICA PLACE   MASON   Ohio   45040
9585   1475 NORTH BURKHART RD. STE. D180   HOWELL   Michigan   48855   TANGER PROPERTIES LIMITED PARTNERSHIP   PO BOX 10889   3200 NORTHLINE AVENUE SUITE 360   GREENSBORO   North Carolina   27404
9587   320 SOUTH COLORADO BOULEVARD   GLENDALE   Colorado   80246   METROPLEX ASSET MANAGEMENT CO   BETTY HALL-C/O   PO BOX 33715   DENVER   Colorado   80233-0715
9588   655 ROUTE 318, STE. A005   WATERLOO   New York   13165   WATERLOO PREMIUM OUTLETS, LLC   105 EISENHOWER PARKWAY     ROSELAND   New Jersey   07068
9589   1919 VALLEY VIEW BLVD., NW   ROANOKE   Virginia   24012   ROANOKE VENTURE, LLC   GOODMAN PROPERTIES INC   2870 PEACHTREE ROAD # 889   ATLANTA   Georgia   30305
9591   311 WEST MORELAND RD   WILLOW GROVE   Pennsylvania   19090   WCK LIMITED PARTNERSHIP   THE SUTTON CO   525 PLUM STREET, SUITE 100   SYRACUSE   New York   13204
9592   2522 SCOTTSVILLE ROAD   BOWLING GREEN   Kentucky   42104   J-MAR PROPERTIES, LLC     2530 SCOTTSVILLE ROAD SUITE 21   BOWLING GREEN   Kentucky   42104
9595   1039 EAST COUNTY LINE ROAD   JACKSON   Mississippi   39211   CENTRO HERITAGE COUNTY LINE LLC   c/o CENTRO PROPERTY GROUP   420 LEXINGTON AVE 7TH FL   NEW YORK   New York   10170
9596   8362 TAMARACK VILLAGE   WOODBURY   Minnesota   55125   TAMARACK VILLAGE SC, LP   ROBERT MUIR CO   7650 EDINBOROUGH WAY SUITE 375   EDINA   Minnesota   55435
9598   1757 94TH DRIVE   VERO BEACH   Florida   32966   VERO FASHION OUTLETS, LLC   IRWIN TAUBER   9551 EAST BAY HARBOR DRIVE   BAY HARBOR   Florida   33154
9604   9396 WEST 159TH STREET   ORLAND PARK   Illinois   60462   ROCKSIDE, LLC   C/O TERRACO, INC   3201 OLD GLENVIEW RD., SUITE 300   WILMETTE   Illinois   60091
9605   120 LACONIA ROAD   TILTON   New Hampshire   03276   TANGER PROPERTIES LIMITED PARTNERSHIP   3200 NORTHLINE AVE   SUITE 360   GREENSBORO   North Carolina   27408
9610   6376 EAST STATE STREET   ROCKFORD   Illinois   61108   SUNIL PURI, LLC/6370 STATE, LLC   FIRST ROCKFORD GROUP, INC/   6801 SPRING CREEK RD   ROCKFORD   Illinois   61114
9612   19504 KATY FREEWAY   HOUSTON   Texas   77094   PACIFIC SIERRA ASSOCIATES WESTGATE, LLC   WULFE MGMT SERVICES, INC/6 BLVD PLACE   1800 POST OAK BLVD, SUITE 6400   HOUSTON   Texas   77056
9613   8725 SHERIDAN BLVD. (UNIT B)   WESTMINSTER   Colorado   80030   SPRINT   14631 NORTH SCOTTSDALE RD, SUITE 200   ATTN: COMPLIANCE DEPT   SCOTTSDALE   Arizona   85254-2711
9615   4015 INTERSTATE HWY. 35, STE. 214   SAN MARCOS   Texas   78666   TANGER PROPERTIES LIMITED PARTNERSHIP   PO BOX 10889   3200 NORTHLINE AVENUE SUITE 360   GREENSBORO   North Carolina   27404
9616   800 STEVEN B. TANGER BLVD #310   COMMERCE   Georgia   30529   TANGER PROPERTIES LIMITED PARTNERSHIP   PO BOX 10889   3200 NORTHLINE AVENUE SUITE 360   GREENSBORO   North Carolina   27404
9617   6715 JONESBORO ROAD, STE. H   MORROW   Georgia   30260   SOUTH POINT SHOPPING CENTER ET. AL.   WIEDMAYER +CO. LLC c/o LEASE ADM.   PO BOX 49623   ATLANTA   Georgia   30359
9618   430 CONSUMER SQUARE   HAMILTON   New Jersey   08330   BENDERSON-WAINBERG ASSOCIATES, LP   DEVELOPERS DIVERSIFIED REALTY CORP   3300 ENTERPRISE PARKWAY   BEACHWOOD   Ohio   44122
9620   3600 SW ARCHER ROAD , #A1   GAINESVILLE   Florida   32608   S. CLARK BUTLER PROPERTIES, LTD   2306 SW 13TH ST., SUITE 1206   PO BOX 1122   GAINESVILLE   Florida   32602
9621   9600 S IH-35 SUITE 1-100   AUSTIN   Texas   78748   INLAND SOUTHWEST MANAGEMENT LLC/35102   ATTN: BRUCE SPENCER   125 NW LOOP 410, SUITE 440   SAN ANTONIO   Texas   78216
9623   1930 SOUTH WEST WANAMAKER RD.   TOPEKA   Kansas   66604   CB RICHARD ELLIS, INC   400 SW 8TH STREET   SUITE 110   TOPEKA   Kansas   66603
9624   3200 PLANK ROAD   FREDERICKSBURG   Virginia   22407   COMMERCE GROUP, INC.   1280 W. NEWPORT CENTER DRIVE     DEERFIELD BEACH   Florida   33442
9625   1041 WEST BAY AREA BLVD.   WEBSTER   Texas   77598   NP/SSP BAYBROOK, LLC   420 LEXINGTON AVE, 7TH FLOOR   LEGAL DEPT   NEW YORK   New York   10170
9627   622 WEST LINMAR LANE SUITE D25   JOHNSON CREEK   Wisconsin   53038   CPG PARTNERS, L.P.     105 EISENHOWER PARKWAY   ROSELAND   New Jersey   07068
9629   6415 LABEAUX AVENUE NE, SUITE B-65   ALBERTVILLE   Minnesota   55301   CPG PARTNERS, LP   C/O CHELSEA PROPERTY GROUP, INC.   105 EISENHOWER PKWY   ROSELAND   New Jersey   07068
9630   2601 SOUTH MCKENZIE STREET SUITE 476   FOLEY   Alabama   36535   TANGER PROPERTIES LIMITED PARTNERSHIP   3200 NORTHLINE AVE   SUITE 360   GREENSBORO   North Carolina   27408
9631   131 NUT TREE ROAD, SUITE K   VACAVILLE   California   95687   CPG FINANCE I LLC   C/O PREMIUM OUTLETS   105 EISENHOWER PARKWAY   ROSELAND   New Jersey   07068
9632   2700 STATE ROAD 16, STE 815   ST. AUGUSTINE   Florida   32092   CPG PARTNERS, LP   105 EISENHOWER PARKWAY     ROSELAND   New Jersey   07068
9633   112-A TANGER DRIVE   WILLIAMSBURG   Iowa   52361   TANGER PROPERTIES LIMITED PARTNERSHIP   PO BOX 10889   3200 NORTHLINE AVENUE SUITE 360   GREENSBORO   North Carolina   27404
9635   1863 GETTYSBURG DRIVE SUITE 250   GETTYSBURG   Pennsylvania   17325   GETTYSBURG OUTLET CENTER LP   THE OUTLETS SHOPPES AT GETTYSBURG   5000 HAKES DRIVE, SUITE 500   MUSKEGON   Michigan   49441
9636   1000 ROUTE 611, UNIT A19   TANNERSVILLE   Pennsylvania   18372   CHELSEA POCONO FINANCE, LLC   105 EISENHOWER PARKWAY   TENANT ID #7852 CASMA3/   ROSELAND   New Jersey   07068
9640   13000 FOLSOM BOULEVARD, SUITE 1440   FOLSOM   California   95630   CHELSEA FINANCING PARTNERSHIP, LP   FOLSOM PREMIUM OUTLETS   105 EISENHOWER PARKWAY   ROSELAND   New Jersey   07068
9642   550 PRIME OUTLETS BOULEVARD   HAGERSTOWN   Maryland   21740   OUTLET VILLAGE OF HAGERSTOWN LP   7969CASMA1   105 EISENHOWER PARKWAY   ROSELAND   New Jersey   07068
9643   1911 LEESBURG GROVE CITY RD/SUITE 315   GROVE CITY   Pennsylvania   16127   PRIME RETAIL, LP   217 EAST REDWOOD STREET   20TH FLOOR   BALTIMORE   Maryland   21202
9644   314 FLAT ROCK PLACE, SUITE A135   WESTBROOK   Connecticut   06498   TANGER PROPERTIES LIMITED PARTNERSHIP   3200 NORTHLINE AVE   SUITE 360   GREENSBORO   North Carolina   27408


Exhibit 4.5

Locations, Leases, and Landlords

 

 

STORE  

LANDLORD

#  

Store Address

 

City

 

State

  Zip  

LL Name

 

LL Address

 

LL Address

 

City

 

State

  Zip
9662   5091 E. MAIN STREET   COLUMBUS   Ohio   43213   WYANDOTTE CENTER   P.O. BOX 09601   3016 MARYLAND AVE   COLUMBUS   Ohio   43209
9664   4320 EAST MILLS CIRCLE RD UNIT H   ONTARIO   California   91764   MILL CIRCLE PARTNERS, LLC     23 CORPORATE PLAZA #247   NEWP0RT BEACH   California   92660
9665   4540 HIGHWAY 54, SUITE N4   OSAGE BEACH   Missouri   65065   CPG PARTNERS, L.P.     105 EISENHOWER PARKWAY   ROSELAND   New Jersey   07068
9668   1230 REHOBOTH OUTLETS, HIGHWAY 1   REHOBOTH BEACH   Delaware   19971   TANGER PROPERTIES LIMITED PARTNERSHIP   3200 NORTHLINE AVE   SUITE 360   GREENSBORO   North Carolina   27408
9670   10737 FACTORY SHOPS BOULEVARD   GULFPORT   Mississippi   39503   GULFPORT FACTORY SHOPS LP   7968CASMA1/   105 EISENHOWER PARKWAY   ROSELAND   New Jersey   07068
9676   2400 TANGER BOULEVARD, STE 152   GONZALES   Louisiana   70737   TANGER PROPERTIES LIMITED PARTNERSHIP   3200 NORTHLINE AVE   SUITE 360   GREENSBORO   North Carolina   27408
9677   640 BOARDWALK BLVD   BOSSIER CITY   Louisiana   71111   LOUISIANA RIVERWALK LLC   O&S HOLDINGS, LLC - ATTN: GARY M. SAFADY   340 THE BRIDGE ST., SUITE 206   HUNTSVILLE   Alabama   35806
9680   1483 RETHERFORD STREET   TULARE   California   93274   THE WOODMONT COMPANY   ATTN: FREDERICK J. MENO   2100 W.7TH STREET   FORT WORTH   Texas   76107
9683   537 MONMOUTH RD, SPACE 322   JACKSON   New Jersey     CPG PARTNERS, L.P.     105 EISENHOWER PARKWAY   ROSELAND   New Jersey   07068
9685   100 CITADEL DRIVE, SUITE 660   COMMERCE   California   90040   CRAIG REALTY GROUP CITADEL, LLC   ATTN: MANAGER-LEASE ADM & GENERAL COUNSE   4100 MACARTHUR BLVD, SUITE 200   NEWPORT BEACH   California   92660
9686   1740 LIGHTHOUSE PLACE   MICHIGAN CITY   Indiana   46360   CHELSEA PROPERTY GROUP     105 EISENHOWER PARKWAY   ROSELAND   New Jersey   07068
9689   820 WEST STACY ROAD, SUITE 330   ALLEN   Texas   75013   CHELSEA ALLEN DEVELOPMENT, LP   105 EISENHOWER PARKWAY     ROSELAND   New Jersey   07068
9690   1955 SOUTH CASINO DRIVE, SUITE 207   LAUGHLIN   Nevada   89029   PRE LAUGHLIN (NV) LLC   c/o FREDERICK J. MENO, RECEIVER   2100 W 7TH STREET   FORT WORTH   Texas   76107
9691   5001 EAST EXPRESSWAY 83, SUITE 230   MERCEDES   Texas   78570   CPG MERCEDES, LP     105 EISENHOWER PARKWAY   ROSELAND   New Jersey   07068
9692   4840 TANGER OUTLET BLVD, SUITE 966   NORTH CHARLESTON   South Carolina   29418   TANGER PROPERTIES LIMITED PARTNERSHIP   3200 NORTHLINE AVE   SUITE 360   GREENSBORO   North Carolina   27408
9693   4401 NORTH IH 35, SUITE 869   ROUND ROCK   Texas   78664   CPG ROUND ROCK, LP   CHELSEA PROPERTY GROUP   105 EISENHOWER PARKWAY   ROSELAND   New Jersey   07068
9694   7051 SOUTH DESERT BLVD, SUITE C-333   CANUTILLO   Texas   79835   HORIZON GROUP PROPERTIES INC   5000 HAKES DRIVE   SUITE 500   MUSKEGON   Michigan   49441
9696   18 LIGHTCAP ROAD, SUITE 167   POTTSTOWN   Pennsylvania   19464   CHELSEA LIMERICK HOLDINGS, LLC   CHELSE PROPERTY GROUP   105 EISENHOWER PARKWAY   ROSELAND   New Jersey   07068
9697   29300 HEMPSTEAD ROAD, STE #804   CYPRESS   Texas   77433   CPG HOUSTON HOLDINGS, LP   CHELSEA PROPERTY GROUP   105 EISENHOWER PARKWAY   ROSELAND   New Jersey   07068
9698   2200 TANGER BLVD, SUITE 725   WASHINGTON   Pennsylvania   15301   TANGER PROPERTIES LIMITED PARTNERSHIP   3200 NORTHLINE AVE   SUITE 360   GREENSBORO   North Carolina   27408
9701   6433 CANOGA AVE   WOODLAND HILLS   California   91367-   PACIFIC/YOUNGMAN WOODLAND HILL   PACIFIC DEVELOPMENT GROUP   1 CORPORATE PLAZA   NEWPORT BEACH   Florida   92658
9702   2860 W. PEORIA AVENUE   PHOENIX   Arizona   85029-   GOLDBERG & OSBORNE   4707 EAST BELL ROAD   SUITE 1   PHOENIX   Arizona   85032
9703   16129 S. HAWTHORNE BLVD #F   LAWNDALE   California   90260-   MIRACLE PROPERTIES LTD     8484 WILSHIRE BLVD, SUITE 725   BEVERLY HILLS   California   90211-3270
9704   350 GELLERT BOULEVARD   DALY CITY   California   94015   EDM REALTY CORP   EDM INVESTMENTS   170 PACIFIC AVE SUITE 42   SAN FRANCISCO   California   94111
9705   319 S. WINCHESTER BLVD   SAN JOSE   California   95128   MOSCOVITZ PROPERTIES   C/O ROBERT L SOCKOLOV   188 KING STREET #303   SAN FRANCISCO   California   94107
9706   358/366 S. MOUNTAIN AVE   UPLAND   California   91786-   CT RETAIL PROPERTIES FINANCE II, LLC   KIMCO REALTY   1631-B S.MELROSE DRIVE   VISTA   California   90266
9708   675 CONTRA COSTA BLVD.   PLEASANT HILL   California   94523   KRAUSZ FAMILY TRUST   THE KRAUSZ COMPANIES, INC   44 MONTGOMERY ST., SUITE 3300   SAN FRANCISCO   California   94104
9709   1111 40TH STREET   EMERYVILLE   California   94608-   CATELLUS FINANCE 1, LLC   PROLOGIS   4545 AIRPORT WAY   DENVER   Colorado   80239
9710   1745 & 1749A ARDEN WAY   SACRAMENTO   California   95815-   F & M PARTNERSHIP   1530 J. STREET   SUITE 200   SACRAMENTO   California   95814-2053
9711   8000 AMADOR VALLEY BLVD.   DUBLIN   California   94568-   GROWERS PROPERTIES #24 LTD   c/o CARDOZA PROPERTIES, INC   101 ELLINWOOD DRIVE   PLEASANT HILL   California   94523
9712   776 NORTHRIDGE MALL   SALINAS   California   93906-   MACERICH PROPERTY MANAGEMENT CO, LLC   MACERICH BRISTOL ASSOC & NORTHRIDGE FAS*   401 WILSHIRE BLVD STE 700   SANTA MONICA   California   90401
9713   3200 SISK ROAD #G   MODESTO   California   95356-   BELCO DEVELOPMENT & INVESTMENT   P.O. BOX 727     TEMECULA   California   92593
9714   5048 N. BLACKSTONE AVE   FRESNO   California   93710-   MANCO ABBOT, INC   PO BOX 9440     FRESNO   California   93792-9440
9715   798 INLAND CENTER DRIVE   SAN BERNARDINO   California   92408   H/INLAND ENTERPRISES   WAGNER & SCUDERI   15315 MAGNOLIA BLVD.   SHERMAN OAKS   California   91403
9716   3240 EAST CAMELBACK ROAD   PHOENIX   Arizona   85018   DNS, LLC   3240 EAST CAMELBACK ROAD     PHOENIX   Arizona   85018
9717   12847 N. TATUM BLVD.   PHOENIX   Arizona   80532-   FINANCIAL TRADING AND TRANSACTING, LLC   1790 EAST RIVER ROAD, SUITE 310     TUCSON   Arizona   85718
9718   1911 SANTA ROSA AVENUE   SANTA ROSA   California   95407-   KAREN LYNN BASSO   PO BOX 1635     WINDSOR   California   95492
9719   3867 FOOTHILL BOULEVARD   PASADENA   California   91107-   HASTINGS RANCH SHOPPING CENTER, L.P.   RIVIERA CENTER MANAGEMENT COMPANY   1815 VIA EL PRADO, SUITE 300   REDONDO BEACH   California   90277
9720   1152 W. SUNSET RD   HENDERSON   Nevada   89014-   SUN SUNSET PLAZA, LLC   GRUBB & ELLIS/ LAS VEGAS   3930 HOWARD HUGES PARKWAY, SUITE 180   LAS VEGAS   Nevada   89109
9721   3699 MING AVE   BAKERSFIELD   California   93309-   MING PLAZA ASSOCIATES, LLC   121 SPEAR STREET   SUITE 250   SAN FRANCISCO   California   94105
9722   5700 E. BROADWAY   TUCSON   Arizona   85711-   S.LEONARD SCHEFF AND SUSAN SCHEFF   2720 E. BROADWAY     TUCSON   Arizona   85716
9723   3638 SOUTH BRISTOL STREET   SANTA ANA   California   92704-   METRO TOWN SQUARE, LLC     3719 SOUTH PLAZA DRIVE   SANTA ANA   California   92704
9724   1302 N. TUSTIN STREET   ORANGE   California   92667-   TUSKATELLA, LLC   PO BOX 5544     ORANGE   California   92863-5544
9726   1705 S. DECATUR BLVD.   LAS VEGAS   Nevada   89102-   PAUL & HAYA REISBORD   4540 NOELINE WAY     ENCINO   California   91436
9727   5756 PACIFIC AVENUE   STOCKTON   California   95207   STONE BROTHERS & ASSOC     5757A PACIFIC AVE, SUITE 200   STOCKTON   California   95207
9728   2220 S. 37TH STREET, SUITE#8   TACOMA   Washington   98409-   METRO PLAZA ASSOCIATES   3620 100th St. SW #A   PO BOX 98922   LAKEWOOD   Washington   98498
9729   4898 EL CAMINO REAL   LOS ALTOS   California   94022-   LOS CAMINOS ALTOS, LP   TRANS-CONTINENTAL PROPERTY MANAGEMENT   500 S. MURPHY AVE   SUNNYVALE   California   94086
9730   14725 NORTH EAST 20TH AVE   BELLEVUE   Washington   98007-   STERNCO CENTER   10510 NORTHRUP WAY N.E.   SUITE 130   KIRKLAND   Washington   98033
9731   4211 PARADISE ROAD   LAS VEGAS   Nevada   89169   DURPAT, LLC   6730 S. LAS VEGAS BLVD     LAS VEGAS   Nevada  
9732   1620 S. HARBOR BLVD., SUITE A   FULLERTON   California   92632-   HARBOR 91 FREEWAY PTN     12550 WHITTIER BLVD.   WHITTIER   California   90602
9733   K-MART CTR/882 BLOSSOM HILL RD   SAN JOSE   California   95123-   SAMPSON FAMILY TRUST   8225 Vineyard Dr.   PO BOX 1887   PASO ROBLES   California   93446
9734   1101 SUPERMALL WAY   AUBURN   Washington   98001-   GLIMCHER SUPERMALL VENTURE LLC   GLIMCHER PROPERTIES LP   180 EAST BROAD STREET, 21ST FLOOR   COLUMBUS   Ohio   43215
9735   8705 SOUTH WEST HALL BLVD   BEAVERTON   Oregon   97008-   HALL BLVD.INVESTORS an OREGON   JOINT VENTURE   520 SW YAMHILL SUITE 444   PORTLAND   Oregon   97201
9736   330 SOUTH VINCENT AVE.   WEST COVINA   California   91790-   VERNON L. WILLIAMS   35391 CAMINO CAPISTRANO BEACH     CAPISTRANO   California   92624
9737   15099 HESPERIAN BLVD   SAN LEANDRO   California   94578-   HALCYON PLACE L.P.   3650 MT. DIABLO BLVD STE 103   PO BOX 1059   LAFAYETTE   California   94549


Exhibit 4.5

Locations, Leases, and Landlords

 

 

STORE  

LANDLORD

#  

Store Address

 

City

 

State

  Zip  

LL Name

 

LL Address

 

LL Address

 

City

 

State

  Zip
9738   1845 WESTWOOD BLVD   LOS ANGELES   California   90025-   10860 SANTA MONICA LLC   ATTN: F. MARIE WILLIAMS, MANAGER   10680 PICO BLVD., SUITE 315   LOS ANGELES   California   90064
9739   4055 NORTH ORACLE ROAD #101   TUCSON   Arizona   85705-   RICK MCGARREY   2920 N. SANTA ROSA PLACE     TUCSON   Arizona   85712
9742   N-6010 DIVISION ST   SPOKANE   Washington   99208-   POLAR ENTERPRISES, LLC     5426 S. QUAIL RIDGE CIRCLE   SPOKANE   Washington   99223-6386
9743   1005 PESCADARO AVE-SUITE 179   TRACY   California   95376-   KLP PROPERTIES, INC   1343 LOCUST STREET #203     WALNUT CREEK   California   94596
9744   72216 HIGHWAY 111, STE F5,F6   PALM DESERT   California   92260-   REALTY TRUST GROUP, INC   THE REMM GROUP/JAN MELANO PROP MGR   505 S. VILLA REAL, SUITE 201   ANAHEIM HILLS   California   92807
9745   17600 COLLIER AVENUE SUITE H184   LAKE ELSINORE   California   92530   CASTLE & COOKE LAKE ELSINORE OUTLET CENTERS, INC   ATTN:MANAGER-LEASE ADM AND GENERAL COUNS   4100 MACARTHUR BLVD, SUITE 200   NEWPORT BEACH   California   92660
9746   5195 LAKEWOOD BLVD   LAKEWOOD   California   90712-   LAKEWOOD ASSOCIATES, LLC   DJM CAPITAL PARTNERS/ATTN: ERIC SAHN   60 S. MARKET STREET - SUITE 1120   SAN JOSE   California   95113
9747   2990 MIDWAY DRIVE   SAN DIEGO   California   92110-   WELLS FARGO BANK, NA   333 MARKET STREET, 11TH FL   MAC #A0109-11   SAN FRANCISCO   California   94105
9748   5592 S. SEPULVEDA BLVD.   CULVER CITY   California   90230   ROBERT H. THOMPSON   TRUSTEE OF THE THOMPSON FAMILY   6317 W. SLAUSON AVENUE   CULVER CITY   California   90230
9752   1416 JANTZEN BEACH CENTER   PORTLAND   Oregon   97217   JANTZEN DYNAMIC CORPORATION   c/o JANTZEN MANAGER, LLC/MALL MGMT OFFIC   1405 JANTZEN BEACH CENTER   PORTLAND   Oregon   97217
9753   39121 FREMONT BOULEVARD   FREMONT   California   94538   KIMCO REALTY CORP   3333 NEW HYDE PARK RD #100   PO BOX 5020   NEW HYDE PARK   New York   11042-0020
9756   12544-B AMARGOSA ROAD   VICTORVILLE   California   92392   DIVERSIFIED INVESTMENT COMPANY   30240 RANCH VIEJO ROAD   SUITE B   SAN JUAN CAPISTRANO   California   92675
9757   1132 LANCASTER DRIVE, NE   SALEM   Oregon   97301   ACADEMY SQUARE LLC   TED DURANT AND ASSOCIATES   7000 SW HAMPTON ST. SUITE 130   TIGARD   Oregon   97223
9759   6160 FLORIN ROAD - SUITE B   SACRAMENTO   California   95823   G&S PROPERTIES     18 SUNNYSIDE LANE   ORINDA   California   94563
9760   5000 SOUTH ARIZONA MILLS CIRCLE   TEMPE   Arizona   85282   SIMON PROPERTY GROUP   225 WEST WASHINGTON STREET     INDIANAPOLIS   Indiana   46204
9761   5595 SOUTH VIRGINIA STREET - SUITE A   RENO   Nevada   89502   SHANKER NEVADA LLC   EUGENE BURGER MANAGEMENT CORP.   5011 MEADOWOOD MALL WAY, SUITE 200   RENO   Nevada   89502
9768   25640 THE OLD ROAD   STEVENSON RANCH   California   91381   VALENCIA MARKETPLACE I, LLC   101 N. WESTLAKE BLVD #201     WESTLAKE VILLAGE   California   91362
9769   440 BARRETT PARKWAY, SUITE 17   KENNESAW   Georgia   30144   URBAN RETAIL PROPERTIES, LLC   111 EAST WACKER DRIVE   SUITE 2400   CHICAGO   Illinois   60601
9775   2108 SOUTH CARAWAY   JONESBORO   Arkansas   72401   PHILLIPS INVESTMENTS INC.   P.O. BOX 19298   3406 STADIUM BLVD.   JONESBORO   Arkansas   72402
9777   19110A EAST 39TH STREET   INDEPENDENCE   Missouri   64057   BEST BUY STORES LP   BEST BUY CORPORATE   7601 PENN AVE SOUTH   RICHFIELD   Minnesota   55423-3645
9778   2560 WEST CHANDLER BOULEVARD, SUITE 5   CHANDLER   Arizona   85224   WESTCOR PARTNERS   11411 NORTH TATUM BOULEVARD     PHOENIX   Arizona   85028-2399
9780   7634 MALL ROAD   FLORENCE   Kentucky   41042   LAMAR ASSET MANAGEMENT & REALTY, INC   365 SOUTH STREET     MORRISTOWN   New Jersey   07960
9782   1916 SKIBO ROAD, SUITE 341   FAYETTEVILLE   North Carolina   28314-   GULFSIDE DEVELOPMENT COMPANY, INC     PO BOX 431260   SO. MIAMI   Florida   33243
9783   3272 SILAS CREEK PARKWAY   WINSTON-SALEM   North Carolina   27103   ZAREMBA GROUP, LLC   14600 DETROIT AVE.   SUITE 1500   LAKEWOOD   Ohio   44107
9787   7601 CARSON BOULEVARD   LONG BEACH   California   90808   VESTAR PROPERTY MANAGEMENT   2425 E. CAMELBACK RD   SUITE 750   PHOENIX   Arizona   85016
9788   1400 SOUTH WASHINGTON STREET   NORTH ATTLEBORO   Massachusetts   02760   NORTH ATTLEBORO MARKETPLACE III, LLC   CARPIONATO PROPERTIES, INC   1414 ATWOOD AVENUE   JOHNSTON   Rhode Island   02919
9789   301 W. ESPLANADE DRIVE   OXNARD   California   93030   CENTRO WATT PROPERTY OWNER I, LLC   C/O CENTRO PROPERTIES GROUP   420 LEXINGTON AVE., 7TH FLOOR   NEW YORK   New York   10170
9790   1457 NEW BRITAIN AVENUE   WEST HARTFORD   Connecticut   06110   FW CT-CORBINS CORNER SHOPPING CENTER, LLC   REGENCY CENTERS CORP/ATTN LEGAL DEPT   ONE INDEPENDENT DRIVE , SUITE 114   JACKSONVILLE   Florida   32203-5019
9791   2101 W. BROADWAY   COLUMBIA   Missouri   65203   RAUL WALTER PROPERTIES   1021 ASHLAND ROAD #1405     COLUMBIA   Missouri   65201-7595
9792   902 WEST KIMBERLY ROAD   DAVENPORT   Iowa   52806   DAVENPORT CENTER LIMITED PARTNERS   CHASE PROPERTIES LTD   3333 RICHMOND ROAD, SUITE 320   BEECHWOOD   Ohio   44122
9793   1392 TWIXT TOWN ROAD   MARION   Iowa   52302   COLLINS SQUARE, LLC   TRINITY PROPERTY GROUP   244 CALIFORNIA ST., SUITE 210   SAN FRANCISCO   California   94111
9795   23600 EL TORO ROAD, SUITE A   LAKE FOREST   California   92630   WALF, LLC   c/o PROPERTY MANAGEMENT   2535 TOWNSGATE RD., SUITE 310   WESTLAKE VILLAGE   California   91361
9797   10113 HOLE AVENUE   RIVERSIDE   California   92503   KERA RIVERSIDE, LLC & ARCE RIVERSIDE, LLC   AS TENANTS IN COMMON dba OFF THE MALL   390 BRIDGE PARKWAY, SUITE C   REDWOOD SHORES   California   94065
9798   700 N. JOHNSON AVENUE, SUITE 1   EL CAJON   California   92020   PACIFIC COAST COMMERCIAL   6050 SANTO ROAD   SUITE #200   SAN DIEGO   California   92124
9799   90 RHL BOULEVARD   SOUTH CHARLESTON   West Virginia   25309   WSG TRACE FORK, LP   WSG DEVELOPMENT CO   400 ARTHUR GODFREY ROAD STE200   MIAMI BEACH   Florida   33140
9800   9078 WESTVIEW ROAD   LONE TREE   Colorado   80124   SPRING VALLEY-CAMPO ROAD LLC & HOROWITZ FAMILY TRUST OF 1993   FULLER MANAGEMENT SERVICE   1515 ARAPAHOE ROAD, SUITE 1200   DENVER   Colorado   80202
9801   10359 ULMERTON ROAD   LARGO   Florida   33771   REAL GLOBAL INVESTMENTS, LLC   c/o BART R. SAUNDERS   7232 W. SAND LAKE ROAD, SUITE 202   ORLANDO   Florida   32819
9802   2733 PAPERMILL ROAD, STE X-15   WYOMISSING   Pennsylvania   19610   SPRING RIDGE, LP   C/O S RIDGE MANAGEMENT, LLC   1000 NORTH FRONT ST., SUITE 500   WORMLEYSBURG   Pennsylvania   17043
9804   945 WOLCOTT STREET   WATERBURY   Connecticut   06705   VORNADO REALTY TRUST   210 ROUTE 4 EAST     PARAMUS   New Jersey   07652-0910
9805   3737 WEST MARKET STREET, UNIT L   FAIRLAWN   Ohio   44333   ROBERT L. STARK ENTERPRISES, INC   1350 W. 3RD AVE     CLEVELAND   Ohio   44113
9806   19075 INTERSTATE 45 SOUTH, STE 400   SHENANDOAH   Texas   77385   OZ/CLP PORTOFINO, LP   SELECT STRATEGIES BROKERAGE   19075 INTERSTATE 45 SOUTH, STE 225   SHENANDOAH   Texas   77385
9807   5579 FAIRMONT PARKWAY   PASADENA   Texas   77505   FIDELIS REALTY PARTNERS   19 BRIAR HOLLOW LANE   SUITE 100   HOUSTON   Texas   77027
9808   1730 WEST FULLERTON AVENUE, UNIT 22   CHICAGO   Illinois   60614   CENTRUM PROPERTIES INC.   225 WEST HUBBARD STREET   4TH FLOOR   CHICAGO   Illinois   60610
9809   900 CAPITAL CENTER BLVD, UNIT G   LARGO   Maryland   20774   CAPITAL CENTER LLC   CAROLINE DVORAK/INLAND NW MGMT CORP   6564 REISTERSTOWN RD   BALTIMORE   Maryland   21215
9810   962 SOUTH RANDALL ROAD, UNITE B   ST. CHARLES   Illinois   60174   FUNAI, LLC dba 962 RANDALL ROAD, LLC   CARLO DiCARLO   223 WEST SPRING DR.   TWIN LAKES   Wisconsin   53181-9366
9811   2790 NW FEDERAL HIGHWAY   STUART   Florida   34994   PENN JENSEN BEACH PROPERTY, LLC   5825 SUNSET DRIVE   SUITE 210   SOUTH MIAMI   Florida   33143
9813   2306 WEST OREGON AVENUE, SPACE F-3   PHILADELPHIA   Pennsylvania   19145   FC QUARTERMASTER ASSOCIATES, L.P.   FOREST CITY RATNER COMPANIES   1 METRO TECH CENTER - 22nd FLOOR   BROOKLYN   New York   11201
9814   1208 GALLERIA BOULEVARD, STE 150   ROSEVILLE   California   95678   CREEKSIDE TOWN CENTER, LLC   CB RICHARD ELLIS   1512 EUREKA RD SUITE 100   ROSEVILLE   California   95661
9816   89 ROUTE 17 SOUTH   EAST RUTHERFORD   New Jersey   07073   LIBERTY COMMONS, LLC   FSIG , LLC   2025 ROUTE 27 SUITE 220   EDISON   New Jersey   08817
9817   8015 CITRUS PARK DRIVE   TAMPA   Florida   33625   WSG DEVELOPMENT CO   400 ARTHUR GODFREY ROAD   SUITE 200   MIAMI BEACH   Florida   33140
9818   9410-A SKOKIE BOULEVARD   SKOKIE   Illinois   60077   INLAND SKOKIE FASHION SQUARE II   INLAND COMMERCIAL PROPERTY MGMT, INC   2901 BUTTERFIELD ROAD   OAK BROOK   Illinois   60523
9820   8401A NORTH MERCIER STREET   KANSAS CITY   Missouri   64155   BTGSI COMMERCIAL, LLC   MD MANAGEMENT, INC   5201 JOHNSON DRIVE, SUITE 450   MISSION   Kansas   66205
9821   19220 ALDERWOOD MALL PARKWAY, STE 130   LYNNWOOD   Washington   98036   ALDERWOOD PARKWAY DEVELOPMENT, LLC   18323 BOTHELL EVERETT HIGHWAY   SUITE 380   MILL CREEK   Washington   98012
9822   17227 CHESTERFIELD AIRPORT ROAD, #203   CHESTERFIELD   Missouri   63005   THF CHESTERFIELD VILLAGE DEVELOPMENT, LLC   THF REALTY   2127 INNERBELT BUSINESS CTR DR,STE 200   ST. LOUIS   Missouri   63114
9823   10260 COORS BYPASS NW, SUITE B   ALBUQUERQUE   New Mexico   87114   LF II COTTONWOOD LP   c/oNORTH AMERICAN REALTY SERVICES, LLLP   7373 N. SCOTTSDALE RD, SUITE A-250   SCOTTSDALE   Arizona   85253


Exhibit 4.5

Locations, Leases, and Landlords

 

 

STORE  

LANDLORD

#  

Store Address

 

City

 

State

  Zip  

LL Name

 

LL Address

 

LL Address

 

City

 

State

  Zip
9826   2872 HIGHWAY 35 SOUTH   HAZLET  

New Jersey

  07730   JACKAPINO-TOLLEVSEN LLC   33 SCHANCK ROAD     HOLMDEL   New Jersey   07733
9828   40620 WINCHESTER ROAD, SUITE A   TEMECULA   California   92591-5504   PANDA EXPRESS, INC   PANDA RESTAURANT GROUP, INC   1683 WALNUT GROVE AVENUE   ROSEMEAD   California   91770
9829   5240 ROUTE 30   GREENSBURG   Pennsylvania   15601   CBL/WESTMORELAND MALL, LP   CBL & ASSO.MGMT, INC/CBL CENTER STE 500   2030 HAMILTON PLACE BLVD   CHATTANOOGA   Tennessee   37421-6000
9831   18 MARCH AVENUE   MANCHESTER   New Hampshire   03103   JDC/MANCHESTER LP   THE CW COMPANIES, INC   ONE ELM SQUARE, SUITE 2C   ANDOVER   Massachusetts   01810
9832   2448 WEST LOOP 340, SUITE 27   WACO   Texas   76711   INLANDWESTERN WACO CENTRAL LP   INLAND SW MGMT, LLC/BLDG. #35101   2201 N. CENTRAL EXPRESSWAY STE 260   RICHARDSON   Texas   75080
9833   1125-A VALLEY RIVER DRIVE   EUGENE   Oregon   97401   VALLEY RIVER NORTH LLC   G GROUP, LLC   PO BOX 529   EUGENE   Oregon   97440
9834   39445 10TH STREET WEST, SUITE E   PALMDALE   California   93551   AMARGOSA PALMDALE INVESTMENTS, LLC   433 NORTH CAMDEN DRIVE   SUITE 500   BEVERLY HILLS   California   90210
9835   790 IYANOUGH RD., SUITE 22A   HYANNIS   Massachusetts   02601   CAPE L.L.C.   1807 MARKET BLVD.   PMB 330   HASTINGS   Minnesota   55033
9840   3750 VETERANS MEMORIAL BLVD   METAIRIE   Louisiana   70002-   3750 VETERANS, LLC   450 WOODVINE AVENUE     METAIRIE   Louisiana   70005
9841   2365 NE 26TH STREET   FORT LAUDERDALE   Florida   33305   BOCA RIO CENTER ASSOCIATES   S&F3 MANAGEMENT COMPANY LLC   7777 GLADES RD, STE 212   BOCA RATON   Florida   33434
9842   12136 LAKEWOOD BOULEVARD   DOWNEY   California   90242   DOWNEY LANDING SPE, LLC   INVESTEC MANAGEMENT CORPORATION   200 EAST CARRILLO ST., SUITE 200   SANTA BARBARA   California   93101-2144
9843   17401 SOUTHCENTER PARKWAY, SUITE 141   TUKWILA   Washington   98188   WINNERS 3 LLC   117 EAST LOUISA STREET #230     SEATTLE   Washington   98102
9844   464 N. ALAFAYA TRAIL, SUITE 109   ORLANDO   Florida   32828   DENO P. DIKEOU   543 WYMORE ROAD NORTH     MAITLAND   Florida   32751
9846   444 ROUTE 211 EAST   MIDDLETOWN   New York   10940   NATIONAL REALTY & DEVELOPMENT CORP.     3 MANHATTANVILLE ROAD   PURCHASE   New York   10577-2117
9847   1444 UNION TURNPIKE   NEW HYDE PARK   New York   11040   LAKE SUCCESS SHOPPING CENTER, LLC   1526-A UNION TURNPIKE     NEW HYDE PARK   New York   11040
9848   29611 PLYMOUTH ROAD   LIVONIA   Michigan   48150   MIDDLEBELT PLYMOUTH VENTURE LLC   SCHOSTAK BROTHERS & COMPANY, INC   17800 LAUREL PARK DRIVE N. STE 200C   LIVONIA   Michigan   48152
9849   8110 WEST BELL ROAD   GLENDALE   Arizona   85308   ARROWHEAD CENTER 01, LLC   ACF PROPERTY MANAGEMENT   12411 VENTURA BLVD   STUDIO CITY   California   91604
9850   8864 S.E. SUNNYSIDE ROAD   CLACKAMAS   Oregon   97015   KIMCO REALTY CORPORATION   3333 NEW HYDE PARK ROAD   SUITE 100 PO BOX 5020   NEW HYDE PARK   New York   11042-0020
9851   12455 VICTORIA GARDENS LANE SUITE #170   RANCHO CUCAMONGA   California   91739   MONET IN RANCHO DEVELOPMENT, LLC   7914 NORTH SHADELAND AVENUE #200   ATTN: JOHN B. URBAHNS   INDIANAPOLIS   Indiana   46250
9852   4175 BALDWIN ROAD, SPACE #9   AUBURN HILLS   Michigan   48326   BALDWIN ROAD ASSOCIATES, LLC   755 WEST BIG BEAVER ROAD   SUITE 2301   TROY   Michigan   48084
9854   4615 WEST FLAMINGO   LAS VEGAS   Nevada   89103   ALLAN L DAHLE, TRUSTEE OF THE ALLAN L. DAHLE TRUST   DATED DECEMBER 27, 1993   388 E. CROSS CREEK LANE   MURRAY   Utah   84107
9855   4001 RIVERDALE ROAD   OGDEN   Utah   84405   DAHLE INVESTMENTS, LTD   6575 SO. REDWOOD ROAD   SUITE 100   TAYLORSVILLE   Utah   84123
9856   6170 SOUTH STATE STREET   MURRAY   Utah   84107   DAHLE INVESTMENTS, LTD   6575 SO. REDWOOD ROAD   SUITE 100   TAYLORSVILLE   Utah   84123
9857   1756 SOUTH STATE STREET   OREM   Utah   84097   DAHLE INVESTMENTS, LTD   6575 SO. REDWOOD ROAD   SUITE 100   TAYLORSVILLE   Utah   84123
9858   7615 FAIRVIEW AVE   BOISE   Idaho   83704   DAHLE INVESTMENTS, LTD   6575 SO. REDWOOD ROAD   SUITE 100   TAYLORSVILLE   Utah   84123
9859   585 SOUTH 24 WEST   BILLINGS   Montana   59102   DAHLE INVESTMENTS, LTD   6575 SO. REDWOOD ROAD   SUITE 100   TAYLORSVILLE   Utah   84123
9860   2285 EAST BASELINE ROAD   GILBERT   Arizona   85234   DAHLE INVESTMENTS, LTD   6575 SO. REDWOOD ROAD   SUITE 100   TAYLORSVILLE   Utah   84123
9861   14115 E. SPRAGUE AVE   SPOKANE   Washington   99216   DAHLE INVESTMENTS, LTD   6575 SO. REDWOOD ROAD   SUITE 100   TAYLORSVILLE   Utah   84123
9862   1505 POST ROAD EAST   WESTPORT   Connecticut   06880   NEW ENGLAND VIDEO OF WESTPORT, INC   860 CANAL STREET     STAMFORD   Connecticut   06902


Exhibit 4.7(b)

Consigned Inventory

None.


Exhibit 4.7(c)(ii)

Equipment Usage Agreement

Date             

Bank of America, N.A.,

Administrative and Collateral Agent

MA5-100-09-09

100 Federal Street, 9th Floor

Boston, Massachusetts 02110

 

Attention:    Ms. Kathy Dimock
   Managing Director

Dear Madam:

The undersigned (the “Lessor”) has proposed to lease certain equipment (the “Leased Equipment”) to those persons on Schedule 1 hereto, corporations having their principal executive offices at 555 Turnpike Street, Canton, Massachusetts 02021 (collectively, the “Borrower”) and has been advised that you are acting as (among other roles) the Administrative Agent and the Collateral Agent (collectively, in such capacities, the “Agent”) for the ratable benefit of a syndicate of revolving credit lenders in connection with certain revolving credit facilities in favor of the Borrower.

As an inducement for the Lenders to establish that Loan Agreement and the Lessor to lease the Leased Equipment, the Lessor and the Agent agree as follows:

 

1. The security interest of the Agent in and to the Leased Equipment is hereby subordinated to the security interest therein of the Lessor.

 

2. The Lessor will not terminate any lease with the Borrower on account of any default by the Borrower, except upon not less than 30 days’ prior written notice to the Agent (with reasonable detail), during which period, the Lessor shall accept any reasonable cure of such default proffered by the Agent or by the Borrower.

 

3. In the event that the Agent exercises the Agent’s rights upon default as a secured creditor of the Borrower by taking possession of collateral granted by the Borrower to the Agent, the Lessor will permit the Agent to use, for such purpose, such of the Leased Equipment as may be designated by the Agent, for a period of up to 16 weeks following such exercise, provided that the Agent pays the Lessor rent for such use (based on the rent called for in the lease pursuant to which the Lessor had leased such equipment to the Borrower).


 

4. Nothing included herein, nor any act undertaken by the Agent pursuant hereto, shall constitute an assumption by the Agent of any obligation of the Borrower to the Lessor.

 

  Very truly yours,
  Casual Male Retail Group, Inc.
By:  

 

Name:  

 

Title:  

 

  CMRG Apparel, LLC
By:  

 

Name:  

 

Title:  

 

 

Agreed:

BANK OF AMERICA, N.A.,

Administrative and Collateral Agent

By:  

 

Name:  

 

Title:  

 


Schedule 1

Casual Male Retail Group, Inc.

CMRG Apparel, LLC


Exhibit 4.9

Insurance Policies

See attached for insurance policies of Casual Male Retail Group, Inc. (“CMRG”).


Exhibit 4.9

Insurance Policies

Casual Male Retail Group, Inc.

Schedule of Insurance

 

 

Coverage

  

Insurance Carrier

Policy Number

  

Policy Term

  

Policy Limits

Workers’ Compensation    Wausau Underwriters Insurance Company    7/01/10 – 7/01/11    Statutory Requirements    Workers Compensation
   ***       $1,000,000    Employers Liability - Bodily Injury By Accident – Each Accident
   *** (Premium)       $1,000,000    Employers Liability - Bodily Injury By Disease – Policy Limit
         $1,000,000    Employers Liability - Bodily Injury By Disease – Each Employee
            Federal Employer’s Liability Act
         $10,000    Bodily Injury By Accident – Each Accident
         $10,000    Bodily Injury By Disease – Policy Limit
            US Longshore & Harbor Workers’ Compensation Act
         $1,000,000    Bodily Injury By Accident – Each Accident
         $1,000,000    Bodily Injury By Disease – Each Employee
         $1,000,000    Bodily Injury By Disease – Policy Limit
            Voluntary Compensation
         $1,000,000    Bodily Injury By Accident – Each Accident
         $1,000,000    Bodily Injury By Disease – Each Employee
         $1,000,000    Bodily Injury By Disease – Policy Limit
Business Travel Accident   

Federal Insurance

Company (Chubb)

   March 10, 2010 to March 1, 2013    $5,000,000 per Aircraft Accident    Benefit amounts varies depending on class of employee, from $75,000 to $1,000,000
   Policy # ***         
General Liability   

Wausau Business

Insurance Company

   7/01/10 – 7/01/11    $2,000,000    General Aggregate Limit
DOMESTIC    ***       $2,000,000    Products & Completed Operations Limit
   *** (Premium)       $1,000,000    Personal & Advertising Injury Limit

 

*** Represents text omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.

 

Note: This Schedule of Insurance is only an outline of coverage that has been prepared for your convenience.

Actual policy language must be consulted for any definitive evaluation Of coverage Terms & Conditions.

  LOGO


Exhibit 4.9

Insurance Policies

Casual Male Retail Group, Inc.

Schedule of Insurance

 

 

Coverage

  

Insurance Carrier

Policy Number

  

Policy Term

  

Policy Limits

         $1,000,000    Each Occurrence Limit
         $1,000,000    Damage to Premises Rented to You (Any One Fire)
         $10,000    Medical Expense Limit (Any One Person)
            Employee Benefits Liability
         $2,000,000    Limits of Insurance Aggregate
         $1,000,000    Limits of Insurance – Each Employee
         7/1/02    Retro Active Date
Automobile Liability    Wausau Business Insurance Company    7/01/10 – 7/01/11    $1,000,000    Automobile Liability – Any One Accident
(All States)    ***       $10,000    Auto Medical Protection – Per Person
   *** (Premium)      

Statutory Minimum

Limits

   Personal Injury Protection
         $1,000,000    Uninsured Motorist/Underinsured Motorists
Lead Umbrella    Continental Casualty Company    7/01/10 – 7/01/11    $25,000,000    Each Incident/Aggregate
   ***       $10,000    Retained Limit
   *** (Premium)         
Excess Liability    Ohio Casualty Insurance Company    7/01/10 – 7/01/11    $25,000,000    Aggregate
   ***       $25,000,000    Each Occurrence
   *** (Premium)       $25,000,000    Excess Lead Umbrella Limit

 

*** Represents text omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.

 

Note: This Schedule of Insurance is only an outline of coverage that has been prepared for your convenience.

Actual policy language must be consulted for any definitive evaluation Of coverage Terms & Conditions.

  LOGO


Exhibit 4.9

Insurance Policies

Casual Male Retail Group, Inc.

Schedule of Insurance

 

 

Coverage

  

Insurance Carrier

Policy Number

  

Policy Term

  

Policy Limits

Global Transit    Indemnity Insurance Co. of North America    6/30/10 – 6/30/11   

$5,000,000

$500,000

$5,000,000

  

Per any one Conveyance

Per any one Steamer/Connecting Conveyance – On Deck

War Limit

  

***

*** (Premium)

        

Deductible: $5,000 Deductible per claim, except losses caused by Theft/Pilferage/Hijacking/Shortage are subject to a deductible of 10% of the insured value of the shipment, which is further subject to a $10,000 minimum and no maximum deductible. Premium based on $475M Sales.

 

Profit Sharing  50/50

Special Contingency Coverage (K&R)    U.S. Specialty Insurance Company (PIA)    6/29/08 - 7/01/11    $10,000,000    Special Contingency Coverage
   ***         
  

*** (Three-Year

Prepaid)

        

All Risk Property

US & Canada

   Affiliated FM    6/30/10 – 6/30/11    $175,000,000    Policy Limit
   ***       ***    Values
   *** (Premium)         
         Included    Boiler & Machinery - Property Damage & Business Interruption
            Earth Movement, as follows:
        

$175,000,000

Annual Aggregate

  

Scheduled Locations 1, 2 & 3

        

$10,000,000 Annual

Aggregate,

$500,000 per

location

  

All other locations

 

*** Represents text omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.

 

Note: This Schedule of Insurance is only an outline of coverage that has been prepared for your convenience.

Actual policy language must be consulted for any definitive evaluation Of coverage Terms & Conditions.

  LOGO


Exhibit 4.9

Insurance Policies

Casual Male Retail Group, Inc.

Schedule of Insurance

 

 

Coverage

  

Insurance Carrier

Policy Number

  

Policy Term

  

Policy Limits

        

$5,000,000 Annual Aggregate,

$500,000 per

location

   California Earth Movement
        

$5,000,000 Annual Aggregate,

$500,000 per

location

   Tier One & Two New Madrid Seismic Zone Earth Movement

All Risk Property

US & Canada (Cont)

   Affiliated FM    6/30/10 – 6/30/11    Excluded    Alaska, Hawaii & Puerto Rico Earth Movement
         $175,000,000 Annual Aggregate    Flood, except:
         $10,000,000 Annual Aggregate    Locations in Flood Zones prefixed by C and unshaded X
        

$500,000 Annual

Aggregate

   Any one location outside of Flood Zones A and V but within Flood Zones B and Shaded X or Zone D
         Excluded    100 Year (Zones A & V) or unclassified or undesignated Flood ones
         $2,000,000    Seepage or influx of water - Locations 1, 2 & 3
         $250,000    Seepage or influx of water – Scheduled Location 4
        

$2,000,000/ 15% of

reported BI values

   Extra Expense (whichever is greater)
         $500,000    Brands & Labels
         $10,000    Precious Metals
         $100,000    Fire Fighting Materials & Expenses
         $250,000    Professional Fees

 

 

Note: This Schedule of Insurance is only an outline of coverage that has been prepared for your convenience.

Actual policy language must be consulted for any definitive evaluation Of coverage Terms & Conditions.

  LOGO


Exhibit 4.9

Insurance Policies

Casual Male Retail Group, Inc.

Schedule of Insurance

 

 

Coverage

  

Insurance Carrier

Policy Number

  

Policy Term

  

Policy Limits

         $250,000    Expediting Expenses
        

$100,000 per occurrence

$1,000 per item

   Tree, Shrubs, Plants & Lawns
         $250,000    Pavements & Roadways
         $50,000 Annual Aggregate    Land & Water Clean Up Expense
         $250,000    Installation Floater
         $3,000,000    Newly Acquired Property (180 day reporting period)
         $3,000,000    Unnamed Locations Coverage
         $250,000    Fine Arts
         $1,000,000    Accounts Receivable

All Risk Property

US & Canada (Cont)

   Affiliated FM    6/30/10 – 6/30/11    $1,000,000    Valuable Papers & Records
         $1,000,000    Electronic Data Processing, Data & Media
        

Policy Limit

$5,000,000

Included in Item B

Included in Item B

  

Demolition & Increased Cost of Construction, as follows:

    Item A: Undamaged Portion

    Item B: Demolition

    Item C: Compliance with the Law

    Item D: Business Interruption

         $2,000,000    Errors & Omissions
         $100,000    Transit Coverage
         $175,000,000    Terrorism Coverage & Supplemental US Certified Act of Terrorism
         $100,000    Terrorism Coverage for Locations Outside the United States
         $1,000,000    Fungus, Mold or Mildew
         $100,000    Deferred Payment
         $1,000,000    Off-Premises Service Interruption - Property Damage

 

 

Note: This Schedule of Insurance is only an outline of coverage that has been prepared for your convenience.

Actual policy language must be consulted for any definitive evaluation Of coverage Terms & Conditions.

  LOGO


Exhibit 4.9

Insurance Policies

Casual Male Retail Group, Inc.

Schedule of Insurance

 

 

Coverage

  

Insurance Carrier

Policy Number

  

Policy Term

  

Policy Limits

         $100,000    Arson or Theft Reward
         $100,000    Money & Securities
         $100,000    Locks & Keys
         $100,000    Tenants Legal Liability & Expense
         $100,000    Soft Costs
         90 Days    Ordinary Payroll
         30 Days    Civil Authority
         Included in Off-Premises Service Interruption – PD    Off-Premises Service Interruption - Business Interruption
         $1,000,000    Contingent Business Interruption
         $250,000    Research & Development
         $500,000    Ingress/Egress
         $100,000    Tax Treatment
         30 Days    Extended Period of Indemnity

All Risk Property

US & Canada (Cont)

   Affiliated FM    6/30/10 – 6/30/11      
      Deductibles    $25,000    All Risk, except:
         $100,000    Earth Movement
         5% TIV, $100,000 minimum per location    Earth Movement in California; Tier One & Two New Madrid Seismic Zone; & Pacific Northwest Seismic Zones
         5% TIV, $100,000 minimum per location    Earth Movement Sprinkler Leakage in California; Tier One & Two New Madrid Seismic Zone; & Pacific Northwest Seismic Zones
         $100,000 per location    Flood
         5% TIV, $250,000 minimum per location    Wind and/or Hail

 

 

Note: This Schedule of Insurance is only an outline of coverage that has been prepared for your convenience.

Actual policy language must be consulted for any definitive evaluation Of coverage Terms & Conditions.

  LOGO


Exhibit 4.9

Insurance Policies

Casual Male Retail Group, Inc.

Schedule of Insurance

 

 

Coverage

  

Insurance Carrier

Policy Number

  

Policy Term

  

Policy Limits

         $10,000    Boiler & Machinery
        

$25,000

48 Hours

  

Off-Premises Service Interruption, as follows:

    Property Damage

    Business Interruption

         48 Hours    Electronic Data Processing Equipment, Data & Media

All Risk Property

UK Policy

   Affiliated FM   

6/30/10 – 6/30/11

   $5,111,852    Policy Limit
   ***       ***    Values
   *** (Premium)       Included    Boiler & Machinery – Property Damage & Business Interruption
         $5,111,852 Annual Aggregate    Earth Movement
         $5,111,852 Annual Aggregate    Flood
         $1,000,000/ 15% of reported BI values    Additional Increased Cost of Working (whichever is greater)

All Risk Property

UK Policy (Cont)

   Affiliated FM    6/30/10 – 6/30/11    $250,000    Seepage or influx of water
         $500,000    Brands & Labels
         $10,000    Precious Metals
         $100,000    Fire Fighting Materials & Expenses
         $250,000    Professional Fees

 

*** Represents text omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.

 

Note: This Schedule of Insurance is only an outline of coverage that has been prepared for your convenience.

Actual policy language must be consulted for any definitive evaluation Of coverage Terms & Conditions.

  LOGO


Exhibit 4.9

Insurance Policies

Casual Male Retail Group, Inc.

Schedule of Insurance

 

 

Coverage

  

Insurance Carrier

Policy Number

  

Policy Term

  

Policy Limits

         $250,000    Expediting Expenses
        

$100,000 per

occurrence

$1,000 per item

   Tree, Shrubs, Plants & Lawns not to exceed a limit of $1,000 per item
         $250,000    Paving & Roads
         $50,000 Annual Aggregate    Land & Water Clean Up Expense
         $250,000    Installation Floater
         $3,000,000    Newly Acquired Property (180 day reporting period)
         $3,000,000    Unnamed Locations Coverage
         $250,000    Fine Arts
         $1,000,000    Book Debts
         $1,000,000    Valuable Papers & Records
         $1,000,000    Electronic Data Processing, Data & Media
        

Policy Limit

$5,000,000

Included in Item B

Included in Item B

  

Public Authorities, as follows:

    Item A: Undamaged Portion

    Item B: Demolition

    Item C: Compliance with the Law

    Item D: Business Interruption

         $2,000,000    Errors & Omissions
         $100,000    Transit Coverage
         Not Covered    Terrorism
         $1,000,000    Fungus, Mold or Mildew

All Risk Property

UK Policy (Cont)

   Affiliated FM    6/30/10 – 6/30/11    $100,000    Deferred Payment
         $1,000,000    Off-Premises Service Interruption – Property Damage
         $100,000    Arson or Theft Reward

 

 

Note: This Schedule of Insurance is only an outline of coverage that has been prepared for your convenience.

Actual policy language must be consulted for any definitive evaluation Of coverage Terms & Conditions.

  LOGO


Exhibit 4.9

Insurance Policies

Casual Male Retail Group, Inc.

Schedule of Insurance

 

 

Coverage

  

Insurance Carrier

Policy Number

  

Policy Term

  

Policy Limits

         $100,000    Money & Securities
         $100,000    Locks & Keys
         $100,000    Tenants Legal Liability & Expense
         $100,000    Soft Costs
         90 Days    Ordinary Payroll
         30 Days    Civil Authority
        

Included in

Off-Premises Service

Interruption – PD

   Off-Premises Service Interruption - Business Interruption
         $1,000,000    Contingent Business Interruption
         $250,000    Research & Development
         $500,000    Ingress/Egress
         $100,000    Tax Treatment
         30 Days    Extended Period of Indemnity
      Deductibles      
         $25,000    All Risk, except:
         $100,000    Earth Movement (Per Occurrence for Each Location)
         $100,000    Flood (Per Occurrence for Each Location)
         $10,000    Boiler & Machinery
        

$25,000

48 Hours

  

Off-Premises Service Interruption, as follows:

    Property Damage

    Business Interruption

         48 Hours    Electronic Data Processing Equipment, Data & Media
International Casualty   

Ace American Insurance

Co.

   6/30/08 – 6/30/11      
   ***    Commercial GL    $1,000,000 each occurrence    BI/PD Coverage

 

*** Represents text omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.

 

Note: This Schedule of Insurance is only an outline of coverage that has been prepared for your convenience.

Actual policy language must be consulted for any definitive evaluation Of coverage Terms & Conditions.

  LOGO


Exhibit 4.9

Insurance Policies

Casual Male Retail Group, Inc.

Schedule of Insurance

 

 

Coverage

  

Insurance Carrier

Policy Number

  

Policy Term

  

Policy Limits

   *** (Premium)       $2,000,000 Aggregate Limit    Products/Completed Operations
         $1,000,000    Premises Damage
        

$1,000,000

Aggregate Limit

   Personal Injury & Advertising Injury Coverage
         $10,000    Medical Expense Limit
        

$1,000,000 Each

Claim

   Employee Benefits Liability (subject to $1,000 deductible/claim)
        

$1,000,000 Annual

Aggregate

   Employee Benefits Liability
      Commercial Auto   

$1,000,000

Combined single limit BI/PD any one

accident

   Automobile Bodily Injury/Property Damage Liability Coverage
        

$25,000 Any one

accident

   Hired Auto Physical Damage
        

$25,000 Any one

policy period

   Hired Auto Physical Damage
        

$10,000 each

person

   Medical Payments
        

$20,000 each

accident

   Medical Payments
     

Employers

Responsibility

Coverage

  

Voluntary

Compensation

Benefits:

  
         North Americans    State of Hire
        

Third Country

Nationals

   Country of Origin

 

*** Represents text omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.

 

Note: This Schedule of Insurance is only an outline of coverage that has been prepared for your convenience.

Actual policy language must be consulted for any definitive evaluation Of coverage Terms & Conditions.

  LOGO


Exhibit 4.9

Insurance Policies

Casual Male Retail Group, Inc.

Schedule of Insurance

 

 

Coverage

  

Insurance Carrier

Policy Number

  

Policy Term

  

Policy Limits

International Casualty (Cont)   

Ace American Insurance

Co.

   6/30/08 – 6/30/11    Local Nationals    EL Only
        

$1,000,000 Policy

Limit

   Executive Assistance Services (including repatriation) – Medical Assistance Services
        

$1,000,000 each

accident

   Contingent Employers Liability - BI by Accident
        

$1,000,000 each

employee

   Contingent Employers Liability – BI by disease
        

$1,000,000 policy

limit

   Contingent Employers Liability – BI by disease
      AD&D Coverage    $25,000 per covered persons    Employee AD&D Coverage
        

$1,500,000

Aggregate Limit

   Employee AD&D Coverage
     

Kidnap &

Extortion

Coverage

   $50,000 Each loss    Extortion/Ransom Moneys Payment
        

$50,000 Each loss

   In transit Extortion/Ransom Moneys Loss
        

$50,000 Each loss

   Kidnap and Extortion Expenses
        

$50,000 Each loss

   Legal Costs
        

$50,000 Each loss

   Detention Expenses
        

$10,000 Each life

   Medical, Death or Dismemberment
        

$50,000 Each loss

   Medical, Death or Dismemberment
        

$50,000 Each loss

   Incident Response

 

 

Note: This Schedule of Insurance is only an outline of coverage that has been prepared for your convenience.

Actual policy language must be consulted for any definitive evaluation Of coverage Terms & Conditions.

  LOGO


Exhibit 4.9

Insurance Policies

Casual Male Retail Group, Inc.

Schedule of Insurance

 

 

Coverage

  

Insurance Carrier

Policy Number

  

Policy Term

  

Policy Limits

Surety / Bonds   

Fidelity & Deposit Company of Maryland

***

   04/26/10 – 04/26/11    $76,500 Bond Amount    Sales and Use Tax, State of Nevada

Coverage

  

Insurance Carrier

Policy Number

  

Policy Term

  

Policy Limits

Directors &

Officers Liability

  

Chartis Insurance

Company Policy No. ***

   7/1/2010 – 7/1/2011    $10,000,000    Primary policy excess $250,000 Securities Claims Self Insured Retention
  

St. Paul Travelers

Policy No. ***

   7/1/2010 – 7/1/2011    $10,000,000    Excess underlying $10,000,000
  

Monitor

Policy No. ***

   7/1/2010 – 7/1/2011    $5,000,000    Excess underlying $20,000,000
  

Allied World National

Assurance Company

Policy No. ***

   7/1/2010 – 7/1/2011    $10,000,000    Excess underlying $25,000,000 – Side A w/Difference in Conditions

Employment

Practices Liability

  

Chartis Insurance Company

Policy No. ***

   7/1/2010 – 7/1/2011    $5,000,000    Excess $250,000 Self Insured Retention
Fiduciary Liability   

Chartis Insurance Company

Policy No. ***

   7/1/2010 – 7/1/2011    $5,000,000    $0 Self Insured Retention
Crime   

Chartis Insurance Company

Policy No. ***

   7/1/2010 – 7/1/2011    $5,000,000    Excess $150,000 Self Insured Retention
Cyber Risk   

Beazley Insurance Group

Policy No.***

   10/14/2009 – 10/14/2010    $2,000,000   

Excess $100,000 Self Insured Retention

Insuring Agreements:

 

*** Represents text omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.

 

Note: This Schedule of Insurance is only an outline of coverage that has been prepared for your convenience.

Actual policy language must be consulted for any definitive evaluation Of coverage Terms & Conditions.

  LOGO


Exhibit 4.9

Insurance Policies

Casual Male Retail Group, Inc.

Schedule of Insurance

 

 

Coverage

  

Insurance Carrier

Policy Number

  

Policy Term

  

Policy Limits

           

•   Electronic Media Liability

•   Computer and Information Security Liability

•   Privacy Liability

•   Cyber Extortion

•   First Party Data Protection

•   First Party Network Business Interruption

•   Crisis Management Expenses*

 

*  Sublimits may apply

 

 

Note: This Schedule of Insurance is only an outline of coverage that has been prepared for your convenience.

Actual policy language must be consulted for any definitive evaluation Of coverage Terms & Conditions.

  LOGO


Exhibit 4.11

Capital Leases

Master List of Outstanding Leases with Equipment Lessors

 

FINANCIAL SERVICES Product    Product Schedule #1012992A2 :    1 – IKON (Generic) CPP650 Copier & Canon IR 5000

Product Schedule #1012992A3: 1- Canon IR 7105 Copier

Product Schedule #1012992A4: 1 – Ricoh C900S Copier

Equipment under Lease commencing 02/01/10:

1 - Ricoh MPC4000 Color Copier

1 - Ricoh MPC3300 Color Copier

6 - Ricoh MC5000 B&W Copiers

3 - Ricoh MP6000 B&W Copiers

2 - Ricoh MP3350 B&W Copiers

 

Rental
Schedule
  

Lease

Commencement Date (2)

   Term of
Lease
  Monthly
Payment (3)
  Lease
Expiration Date (4)
   Total Lease
1012992A2    07/01/07    48 months (1)   ***   06/30/11    ***
1012992A3    10/06/08    48 months   ***   10/05/12    ***
1012992A4    01/07/10    60 months   ***   01/06/15    ***
?    02/01/10    60 months   ***   01/31/15    ***

 

(1) First month payment $0; Months 2 – 48 = *** / month.
(2) Commencement Date is approximate. Lease commences as of the equipment delivery date.
(3) Maximum copies included in monthly payment. Additional charges may apply if maximum copies exceeded.
(4) Return equipment at end of Lease Term.

EMC CORPORATION

Supplement 4 includes:

1 -Storage Device

- Symmetrix DMX2000 for AS400 environment

Supplement 6 includes:

1 - NS42G-A

1 - CRNRK

1 - CX3-80

Supplement 7 includes:

15 - CS-4G15-300U

1 -CX-4PDAE-FD

 

Rental
Supplement
  

Lease

Commencement Date

   Term of
Lease
   Monthly
Payment (1)
  Lease
Expiration Date
   Total Lease
4 (2)    03/01/10    12 months    ***   02/28/11    ***
6 (3)    02/01/08    36 months    ***   01/31/11    ***
7 (4)    09/01/08    29 months    ***   01/31/11    ***

 

(1) Payments assigned to De Lage Financial Services, Inc.
(2) Supplement 4 to Master Lease 13204 extended through 02/28/11. Buyout option price of *** (excludes maintenance and applicable taxes). Monthly Payment and Total Lease excludes maintenance and applicable taxes.
(3) Supplement 6 replaces Supplements 3 and 5 and the total lease amount includes ***, which is the termination amount for Supplements 3 and 5.
(4) Supplement 7 is coterminous with Supplement 6 and the listed total lease amount is the actual equipment cost.


IBM CREDIT LLC

Value Plan Lease Agreement No. VP0F82991:

2 -TS3310 Tape Library

2 - RS/6000 System Rack

1 - IBM 7042-CR4 HW Management

1 - Tape and Optical Storage Device

1 - Flat Panel Consol Kit

ValuePlan Lease Agreement No. VP0F92786:

1 - 9992-003 Reseller Sourced IBM SW

 

ValuePlan

Lease Agreement No.

   Lease
Commencement
Date
   Term of
Lease
   Monthly
Payment
  Lease
Expiration
Date (1)
   Total Lease
VP0F82991    202/1/09       ***   04/30/12    ***
VP0F92786    02/1/09    39 months    ***   04/30/12    ***

 

(1) FMV buyout and end of lease term upon 3 months prior written notice to IBM
*** Represents text omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.


Exhibit 4.13(a)

Labor Relations

None.


Exhibit 4.19

Litigation

GENERAL LITIGATION - FISCAL YEAR 2010

 

Name of Case

 

Jurisdiction

  Date Filed    

Description of Claim

 

Amount Sought

 

CMRG’s Counsel

 

Status

Paul Kelly v. Casual Male Retail Group, Inc.   Superior Court, Los Angeles County. Case #BC413329     5/8/2009      Kelly filed a class action on behalf of himself and all others similarly situated alleging that CMRG violates the Beverly Song Act (Cal. Civil Code 1747.08) by obtaining and recording personal information when a credit card is used at point-of-sale. Invasion of privacy.   Unkown.  

Matthew R. Orr, Esq.

Call Jensen & Ferrell

610 Newport Center Drive

Suite 700

Newport Beach, CA

92660

(949) 717-3000

morr@calljensen.com

  ***
Rowland, Deborah for herself and the Estate of Joe Rowland   District Court of Parker County, TX     9/27/2009      Personal Injury   $450,000 initial demand. Latest demand is $350,000. Defense latest offer was $160,000.   Michael Fox, Field Attorney for Liberty Mutual   ***
Chapter 7 Trustee of the Estate of Block Corporation   N/A     N/A      Seeks reimbursement of $317,753.61 deduction.   $317,753.61   N/A   ***

 

*** Represents text omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.


Exhibit 4.19

Litigation

 

EMPLOYMENT LITIGATION

 

Plaintiff

  State   Date Filed    

Docket #

 

Plaintiff’s Counsel

 

Charge

 

CMRG’s Counsel

 

Case Status

Drotar, Marie   CA     7/9/2010      30-2010-00388534-CU-OE-CXC  

Krutcik & Georggin 26021 Acero Mission

Viejo, CA 92691

  On behalf of a statewide puntative class of Rochester store employees, illegal deduction of commissions owed/failure to pay meal and rest breaks  

David Casey

Michael Mankes

Littler Mendelson

One International Place, Suite 2700

Boston, Massachusetts 02110

Casey Direct: (617) 378-6001

email: dcasey@littler.com

mmankes@littler.com

  ***

Jones, O’Nekola

“Nikki”

  CA     6/4/2009      37-2009-69721-CU-OE-CTL   Timothy Cohelan (Cohelan, Khoury & singer)   Wage and Hour Claims for CA Store Managers which spans from 2005-2008 for CA store managers.  

David Casey

Michael Mankes

Littler Mendelson

One International Place, Suite 2700

Boston, Massachusetts 02110

Casey Direct: (617) 378-6001

email: dcasey@littler.com

mmankes@littler.com

  ***

Iskandaryan,

Agram

  CA     N/A      N/A  

Grace & Hollis, LLP

San Diego, CA

  On behalf of a statewide putative class of Casual Male store employees, /failure to pay meal and rest breaks and expenses  

David Casey

Michael Mankes

Littler Mendelson

One International Place, Suite 2700

Boston, Massachusetts 02110

Casey Direct: (617) 378-6001

email: dcasey@littler.com

mmankes@littler.com

  ***

Richardson,

Patrick

  N.C.     7/22/2010      W.D.N.C. Charlotte Div. 3:10-cv-396  

Charles Ali Everage

Everage law firm,

PLLC, Charlotte, NC

  Race and Gender Discrimination  

Trish Holland

Jackson Lewis

  ***

 

*** Represents text omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.


Exhibit 4.19

Litigation

 

AGENCY CASES

 

Name

  Date Filed  

Case #

 

Charge

 

Plaintiff
Attorney

 

Status

 

CMRG’s Counsel

 

Comments

Garcia, Carmen   12/29/2005   520-2006-00324  

Race, Sex,

National Origin

  Self   Submitted to EEOC on 3/14/06  

Robert Morsilli

Jackson Lewis

  ***

Kyle,

Booker T.

  12/2/2008   550-2009-00461   Sex, Retaliation   Self   M. Kenney submitted position statement to EEOC on 1/26/09. No legal fees spent to date.   N/A   ***
Vento, Friedel   9/20/2010  

NYS Div. of Human

Rights

10144216

  Retaliation/Age   Self   Response not yet filed.   N/A   ***

 

*** Represents text omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.


Exhibit 4.28(b)

Contingent Obligations

In addition to minimum rental payments, many of the store leases to which Casual Male Retail Group, Inc. and/or its subsidiaries (singularly, “Casual Male” or collectively, the “Casual Male entities”) is a party, include provisions for common area maintenance, real estate taxes, insurance, promotional charges, and or escalation clauses and in some cases percentage rents based on percentage of store sales above designated levels.

On May 14, 2002, Casual Male completed the acquisition of substantially all of the assets of Casual Male Corp. and certain of its subsidiaries, for a purchase price of approximately $170 million. In connection with the acquisition, Casual Male assumed certain contingent liabilities, including, but not limited to, existing retail store lease arrangements and the existing mortgage for Casual Male Corp.’s corporate office located in Canton, Massachusetts, which Casual Male currently occupies as its corporate headquarters.

On January 30, 2006, Casual Male entered into a sale-leaseback transaction with Spirit Finance Corporation, a third party real estate investment trust (“Spirit”). In connection with the transaction, Casual Male sold its headquarters and distribution center property to Spirit for $56.0 million. At the closing on February 1, 2006 Casual Male entered into a twenty-year lease agreement with a wholly-owned subsidiary of Spirit whereby Casual Male agreed to lease the property back for an annual rent of $4.6 million.

Casual Male is subject to various legal proceedings and claims that arise in the ordinary course of business. Management believes that the resolution of these matters will not have an adverse impact on the results of operations or the financial position of Casual Male.


EXHIBIT 5.4

FAX TO: CHRIS SANTOS (617) 434-4131

LOGO

CALCULATION AT COST

 

          

 

Certificate #

    Date:

  

  

 

Revolver Inventory Borrowing Base

                       —   (a) 
                

Eligible Credit Card Receivables

   

Advance Rate

        90%

       —   (b) 
                  

Less Availability Reserves

        

Less Landlord Reserve: 2 months: PA. VA and Wash.

      
                

Less Gift Certificate Merchandise Credits

            50%     
                

Customer Deposits (TCM& Rochester)

          100%     
                

Total Reserves

           —   (c) 
                

Total Revolver Borrowing Base (uncapped) (a+b+c)

        
                

Total Revolver Borrowing Base (capped at $75MM for the Revolver)

                       0       
                      
AVAILABILITY CALCULATION   

Beginning Principal Balance (excludes Last Out)

        
                

ADD:

  Prior days Borrowing from BOA     
                

ADD:

  Fees charged today     
                

Less:

  Prior day’s pay down         
                

Ending principal balance

           —     
                

ADD:

  Estimated accrued interest month-to-date        —     
                

ADD:

  Outstanding Letters of Credit     
                

Total loan balance prior to request (not to exceed)

           —     
                

Total availability (prior to today’s request)

           —     
                

Advance

 

ACCT# ***

        
                

Today’s Paydown (from account ***)

           —     
                

Today’s Principal Balance

           —     
                

Total availability (after today’s request)

           —     

Memo:

          

Less:

  Minimum Excess Availability Covenant: Greater of     
      $5,000,000     5,000,000     
  10% of Loan Cap             —       
                

Availability After Covenant

           —     
                

The undersigned represents and warrants that: (a) the information set forth above and all supporting documentation delivered in connection herewith (i) is true and correct in all material respects, (ii) has been prepared in accordance with the requirements of the Sixth Amended and Restated Loan and Security Agreement (as amended end in effect from time to time, the “Loan Agreement”) by and between, among others, the Borrowers and Bank of America, N.A., and (iii) is based on supporting documentation that was used by the undersigned in connection with the preparation hereof and supports the calculations and conclusions evidenced hereby, which supporting documentation the undersigned acknowledges must be satisfactory to the Administrative Agent; (b) no Default or Event of Default (as each such term is defined in the Loan Agreement) is presently in existence; and (c) all or a portion of the advance requested hereby will be set aside by the Borrowers to cover 100% of the Borrowers’ obligation for sales tax on account of sales since the most recent borrowing under the Loan Agreement.

 
    Casual Male Retail Group, Inc.  

Authorized Signer:

 

 

 

    Dennis Hernreich, Executive Vice President, COO, CFO & Treasurer

Peter H. Stratton, Jr., Senior Vice President, Finance Corporate Controller, CAO

 

*** Represents text omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.


CASUAL MALE (The “Borrower”)

REVOLVING LINE OF CREDIT AVAILABILITY CALCULATION

 

FAX TO: CHRIS SANTOS (617) 434-4131     

 

Certificate #

W/E Date:

  

  

 

                          

                   COST      

Beg. Inventory as of:

  

                          

         

(Sourced from JDA Stock Ledger)

            
   Hybrid/DXL Store Inventory        
                  
Beginning Inventory - Adjusted              —       

ADD

   Receiving/ Purchases        
                  
   Purchase Accrual (ASN)        
                  
   Reverse ASN Accrual        
                  
   Freight        
                  

LESS

   Net Sales @ Retail (memo only)   

                          

    
   Cost of Goods Sold @ Cost        
                  
            
                  
     Total Adds/ (Reductions)      —       
                  
Ending Inventory as of:   

                          

          —       
                  
   Eligible LC Inventory        

ADD:

   At 85%        
                  
   Eligible In-Transit Inventory        
   At 80%         —       
                  

LESS:

   Shrinkage at Cost        
   (2.0% of sales since last physical Inv) × Cost Compliment)     
   RTV Inventory (loc #9996) exclusion     
Eligible Inventory, as of:   

                          

          —       
                  

Revolver Advance Rate (***% Dec. 16 - EOM Sep/ ***% Oct - Dec 15th)*

     ***  
                  
Total Casual Male Borrowing Base Inventory      0     
                  

 

* Based on Most Recent Appraisal
*** Represents text omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.


ROCHESTER (The “Borrower”)

REVOLVING LINE OF CREDIT AVAILABILITY CALCULATION

 

FAX TO: CHRIS SANTOS (617) 434-4131

    

 

Certificate #

W/E Date:

  

  

 

                      

                   COST      
                  

Beg. Inventory as of:

  

                          

         

(Sourced from JDA Stock Ledger)

            
   Hybrid/DXL Store Inventory        
                  

Beginning Inventory - Adjusted

             —       

ADD

   Receiving/ Purchases        
                  
   Purchase Accrual (ASN)        
                  
   Reverse ASN Accrual        
                  
   Freight        
                  

LESS

   Net Sales @ Retail (memo only)        
              
   Cost of Goods Sold @ Cost        
                  
     Total Adds/ (Reductions)      —       
                  
  

                          

         

Ending Inventory as of:

             —       
                  

ADD:

   Eligible LC Inventory        
   At 85%         —       
                  
   Eligible In-Transit Inventory        
   At 80%         —       
                  

LESS:

   Shrinkage (2.0% of sales)        
                  
   (2.0% of sales since last physical Inv) × Cost Compliment     
   RTV Inventory (loc #5199) exclusion        

Eligible Inventory, as of:

  

                          

          —       
                  

Revolver Advance Rate (***% Dec. 16 - EOM Sep/ ***% Oct - Dec 15th)*

     ***  
                  

Total Rochester Borrowing Base Inventory

     0     
                  

 

* Based on Most Recent Appraisal
*** Represents text omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.


EXHIBIT 5.8

None.


Exhibit 7.1

DDA’s

 

 

STORE
NO.

 

BANK NAME

 

BANK
ADDRESS

 

CITY

  ST    

ZIP

 

TELEPHONE

  ACCOUNT #     ACH
ROUTING #
    DEP.
ROUTING #
   

STORE
ADDRESS

 

CITY

  ST     ZIP  
  CASUAL MALE STORES                        
9052   US BANK   440 REGENCY PARKWAY DRIVE   OMAHA     NE      68114   (402) 392-3600     ***        ***        ***      605 NORTH 98 ST   OMAHA     NE        68114   
9053   BANK OF AMERICA   9550 METCALF   OVERLAND PARK     KS      66212   (816) 979-8945     ***        ***        ***      8721 METCALF AVENUE   OVERLAND PARK     KS        66212   
9054   CHASE (JPMORGAN)   325 NORTH MILWAKEE AVENUE   VERNON HILLS     IL      60061   (847) 821-8716     ***        ***        ***      445 EAST TOWNLINE ROAD   VERNON HILS     IL        60061   
9055   CHASE (JPMORGAN)   2031 WEST HENDERSON ROAD   COLUMBUS     OH      43220   (614) 248-2323     ***        ***        ***      1113 KENNEY CENTRE   COLUMBUS     OH        43220   
9056   BANK OF AMERICA   5270 POPLAR AVENUE   MEMPHIS     TN      38119   (901) 684-6000     ***        ***        ***      847 SOUTH WHITE STATION RD   MEMPHIS     TN        38117   
9058   BANK OF AMERICA   8100 FORSYTH BLVD   ST LOUIS     MO      63105   (314) 466-0482     ***        ***        ***      1026 SOUTH BRENTWOOD BLVD   RICHMOND HEIGHTS     MO        63117   
9059   CHASE (JPMORGAN)   18100 WEST ELEVEN MILE ROAD   LATHRUP VILLAGE     MI      48076   (248) 424-8720     ***        ***        ***      26300 SOUTHFIELD ROAD   LATHRUP VILLAGE     MI        48076   
9060   CHASE (JPMORGAN)   1234 MONROE   DEARBORN     MI      48124   (313) 565-8800     ***        ***        ***      234000 MICHIGAN AVENUE   DEARBORN     MI        48124   
9063   CHASE (JPMORGAN)   43100 GRAND RIVER AVENUE   NOVI     MI      48375   (248) 349-2424     ***        ***        ***      43115 CRESCENT BLVD   NOVI     MI        48375   
9064   CHASE (JPMORGAN)   13999 LAKESIDE CIRCLE   STERLING HEIGHTS     MI      48313   (586) 247-4900     ***        ***        ***      13451 HALL ROAD   UTICA     MI        48315   
9066   BANK OF AMERICA   508 POMPTON AVE   CEDAR GROVE     NJ      07009   (800) 841-4000     ***        ***        ***      540 US HIGHWAY 46   TOTOWA     NJ        07512   
9067   BANK OF AMERICA   46 PARSONAGE RD   MENLO PARK     NJ      08837   (800) 841-4000     ***        ***        ***      236 LAFAYETTE RD   EDISON     NJ        08837   
9069   BANK OF AMERICA   2293 SANDLAKE ROAD   ORLANDO     FL      32809   (407) 855-3181     ***        ***        ***      7939 SO. ORANGE BLOSOM TRAIL   ORLANDO     FL        32809   
9070   BANK OF AMERICA   11800 ROCKVILLE PIKE   ROCKVILLE     MD      20852   (301) 881-8390     ***        ***        ***      11503-A ROCKVILLE PIKE   ROCKVILLE     MD        20852   
9071   CHASE (JPMORGAN)   431 WEST SOUTHERN AVENUE   MESA     AZ      85210   (480) 890-5343     ***        ***        ***      1110 WEST SOUTHERN AVENUE   MESA     AZ        85210   
9072   CHASE (JPMORGAN)   3235 NORTH MESQUITE   MESQUITE     TX      75150   (972) 270-5481     ***        ***        ***      1725 NORTH TOWN EAST BLVD   MESQUITE     TX        75150   
9073   CHASE (JPMORGAN)   2000 WEST 15TH STREET   PLANO     TX      75075   (972) 423-6527     ***        ***        ***      1025 NO CENTRAL EXPRESSWAY   PLANO     TX        75075   
9074   CHASE (JPMORGAN)   1337 GESSNER   HOUSTON     TX      77055   (713) 751-6100     ***        ***        ***      1005 GESSNER STREET   HOUSTON     TX        77055   
9076   BANK OF AMERICA   4040 SOUTH COOPER STREET   ARLINGTON     TX      76015   (817) 468-4787     ***        ***        ***      4110 SOUTH COOPER STREET   ARLINGTON     TX        76015   
9080   BANK OF AMERICA   220 SOUTH ESCONDIDO BLVD   ESCONDIDO     CA      92025-4183   (760) 489-2001     ***        ***        ***      1004 WEST VALLEY PARKWAY # 23   ESCONDIDO     CA        92025   
9081   BANK OF AMERICA   203 NORTH GLENDALE AVENUE   GLENDALE     CA      91206   (818) 500-5096     ***        ***        ***      340 NORTH GLENDALE AVE   GLENDALE     CA        91206   
9082   BANK OF AMERICA   19240 NORDHOFF STREET   NORTHRIDGE     CA      91324   (818) 885-4060     ***        ***        ***      19422 NORDOFF STREET (NORDHOFF PLAZA)   NORTHRIDGE     CA        91324   
9083   CHASE (JPMORGAN)   10999 HWY 10 WEST, # 100   SAN ANTONIO     TX      78230   (210) 691-8200     ***        ***        ***      11075 IH-10 WEST SUITE 302   SAN ANTONIO     TX        78230   
9084   BANK OF AMERICA   1108 THE MALL IN COLUMBIA   COLUMBIA     MD      33401   (410) 730-8971     ***        ***        ***      10300 LITTLE PATUXENT PKWY   COLUMBIA     MD        21044   
9102   BANK OF AMERICA   170 MAIN ST   EAST HAVEN     CT      06512   (800) 841-4000     ***        ***        ***      96 FRONTAGE RD   EAST HAVEN     CT        06512   
9105   BANK OF AMERICA   900 BALD HILL ROAD   WARWICK     RI      02886   (401) 821-7588     ***        ***        ***      800 BALD HILL RD   W WARWICK     RI        02893   
9106   BANK OF AMERICA   2747 DUKE STREET   ALEXANDRIA     VA      22314   (703) 838-5920     ***        ***        ***      6222 LITTLE RIVER TPKE   ALEXANDRIA     VA        22312   
9112   BANK OF AMERICA   71 FAUNCE CORNER RD   NORTH DARTMOUTH     MA      02747   (800) 841-4000     ***        ***        ***      21 FAUNCE CORNER RD   NORTH DARTMOUTH     MA        02747   
9114   CHASE (JPMORGAN)   7400 SOUTH PENNSYLVANIA   OKLAHOMA CITY     OK      73159   (405) 231-6000     ***        ***        ***      2209 SW 74 ST SUITE 318   OKLAHOMA CITY     OK        73159   
9117   BANK OF AMERICA   310 DANIEL WEBSTER HIGHWAY   NASHUA     NH      03060   (800) 841-4000     ***        ***        ***      440 MIDDLESEX RD   TYNGSBORO     MA        01879   
9119   CHASE (JPMORGAN)   4730 WEST 79th STREET   CHICAGO     IL      60652   (773) 585-7700     ***        ***        ***      8735 S CICERO AVE   HOMETOWN     IL        60456   
9120   CHASE (JPMORGAN)   215 ROUTE 83   ELMHURST     IL      60126   (630) 834-7329     ***        ***        ***      17 WEST 180 22ND STREET   OAKBROOK TERRACE     IL        60181   
9123   BANK OF AMERICA   2030 COLISEUM DRIVE SUIT A   HAMPTON     VA      23666   (757) 896-3300     ***        ***        ***      1044 W MERCURY BLVD   HAMPTON     VA        23666   
9124   BANK OF AMERICA   600 SILAS DEANE HIGHWAY   WETHERSFIELD     CT      06109   (800) 841-4000     ***        ***        ***      1138 SILAS DEANE HWY   WETHERSFIELD     CT        06109   
9127   CHASE (JPMORGAN)   1225 SOUTH PARK DRIVE   GREENWOOD     IN      46143   (317) 321-4004     ***        ***        ***      884 N US 31 GREENWOOD SHOPPES   GREENWOOD     IN        46142   
9131   BANK OF AMERICA   1188 NIAGARA FALLS BLVD   TONAWANDA     NY      14150   (716) 833-3330     ***        ***        ***      1228-1230 NIAGARA FALLS BLVD   TONAWANDA     NY        14150   
9133   BANK OF AMERICA   7207 EAST INDEPENDENCE BLVD   CHARLOTTE     NC      28227   (704) 386-5865     ***        ***        ***      5030 E INDEPENDENCE BLVD   CHARLOTTE     NC        28212   
9137   BANK OF AMERICA   330 BUSH RIVER ROAD   COLUMBIA     SC      29210   (803) 765-4730     ***        ***        ***      125 OUTLET POINT BLVD   COLUMBIA     SC        29210   
9139   BANK OF AMERICA   7420 RIVERS AVENUE   NORTH CHARLESTON     SC      29406   (843) 720-4945     ***        ***        ***      7800 RIVERS AVE SUITE 1440   CHARLESTON     SC        29406   
9142   BANK OF AMERICA   1774 WASHINGTON STREET   HANOVER     MA      02339   (800) 841-4000     ***        ***        ***      1410 WASHINGTON ST HANOVER SC   HANOVER     MA        02339   
9144   BANK OF AMERICA   225 MEMORIAL AVENUE   WEST SPRINGFIELD     MA      01089   (413) 746-3263     ***        ***        ***      223-227 MEMORIAL AVE   W SPRINGFIELD     MA        01089   
9147   BANK OF AMERICA   245 WEST DAVIS STREET   BURLINGTON     NC      27216   (336) 222-3500     ***        ***        ***      2397 CORPORATION PKWY   BURLINGTON     NC        27215   
9149   BANK OF AMERICA   133 WOLF RD   ALBANY     NY      12205   (800) 841-4000     ***        ***        ***      110 WOLF RD   ALBANY     NY        12205   
9152   BANK OF AMERICA   2501 NORTH OAK STREET   MYRTLE BEACH     SC      29577   (843) 946-2100     ***        ***        ***      TANGER OUTLET CENTER ON HIGHWAY 501, 4630 FACTORY STORES BLVD, SUITE A-105   MYRTLE BEACH     SC        29579   
9155   CHASE (JPMORGAN)   6303 N PORTLAND   OKLAHOMA CITY     OK      73112   (405) 440-8575     ***        ***        ***      3617 NORTHWEST EXWY   OKLAHOMA CITY     OK        73112   
9157   BANK OF AMERICA   756 TWO MILE PARKWAY   GOODLETESVILLE     TN      37072   (615) 859-4158     ***        ***        ***      1596 GALLATIN PIKE N   MADISON     TN        37115   
9159   BANK OF AMERICA   2850 PRINCE WILLIAM PARKWAY   WOODBRIDGE     VA      22191   (703) 497-0801     ***        ***        ***      SMOKETOWN STATION, 13289 WORTH AVE.   WOODBRIDGE     VA        22192   


Exhibit 7.1

DDA’s

 

 

STORE
NO.

 

BANK NAME

 

BANK
ADDRESS

 

CITY

  ST  

ZIP

 

TELEPHONE

  ACCOUNT #   ACH
ROUTING #
  DEP.
ROUTING #
 

STORE
ADDRESS

 

CITY

  ST   ZIP
9160   BANK OF AMERICA   858 WASHINGTON ST   DEDHAM   MA   02026   (800) 841-4000   ***   ***   ***   735 PROVIDENCE HWY   DEDHAM   MA   02026
9161   BANK OF AMERICA   ONE POST OFFICE SQUARE   LYNNFIELD   MA   01940   (800) 841-4000   ***   ***   ***   87 BROADWAY   SAUGUS   MA   01906
9166   BANK OF AMERICA   1263 MILITARY RD   NIAGARA FALLS   NY   14304   (716) 283-8783   ***   ***   ***   1852 MILITARY RD   NIAGARA FALLS   NY   14304
9168   BANK OF AMERICA   738 LONG HILL RD (RT 1)   GROTON   CT   06340   (800) 841-4000   ***   ***   ***   984 POQUONNOCK RD   GROTON   CT   06340
9171   CHASE (JPMORGAN)   2325 SOUTHLAKE MALL   MERRILLVILLE   IN   46410   (219) 738-4254   ***   ***   ***   2217A E 80TH AVE   MERRILLVILLE   IN   46410
9172   BANK OF AMERICA   7220 SAND LAKE RD   ORLANDO   FL   32819   (407) 351-4220   ***   ***   ***   5728 INTERNATIONAL DR   ORLANDO   FL   32819
9174   BANK OF AMERICA   3333 WEST HENRIETTA RD   ROCHESTER   NY   14623   (585) 475-1687   ***   ***   ***   3333 W HENRIETTA RD SUITE 22   ROCHESTER   NY   14623
9175   BANK OF AMERICA   1349 BOSTON POST ROAD   MILFORD   CT   06460   (203) 876-3383   ***   ***   ***   1501 BOSTON POST RD   MILFORD   CT   06460
9176   BANK OF AMERICA   2105 PINECROFT ROAD   GREENSBORO   NC   27407   (336) 805-3745   ***   ***   ***   3806-A HIGH POINT RD   GREENSBORO   NC   27407
9177   CHASE (JPMORGAN)   3501 LAFAYETTE RD   INDIANAPOLIS   IN   46254   (317) 321-7156   ***   ***   ***   4664 W. 38TH ST.   INDIANAPOLIS   IN   46254
9178   BANK OF AMERICA   880 NORTH MILITARY HIGHWAY   NORFOLK   VA   23502   (757) 466-5150   ***   ***   ***   6109 E. VIGINIA BEACH BLVD.   NORFOLK   VA   23502
9180   CHASE (JPMORGAN)   36 E MIDLAND AVE   PARAMUS   NJ   07652   (201) 634-1047   ***   ***   ***   450 N STATE RT 17   PARAMUS   NJ   07652
9181   BANK OF AMERICA   702 NORTH ROLLING ROAD   BALTIMORE   MD   21228   (410) 744-2166   ***   ***   ***   6217 BALTIMORE NATIONAL PIKE   BALTIMORE   MD   21228
9185   BANK OF AMERICA   684 FELLSWAY   MEDFORD   MA   02155   (800) 841-4000   ***   ***   ***   686 FELLSWAY   MEDFORD   MA   02155
9186   BANK OF AMERICA   2500 ROUTE 22 CTR   UNION   NJ   07083   (908) 622-9324   ***   ***   ***   2456 US HWY 22   UNION   NJ   07083
9187   US BANK   2690 SNELLING AVENUE NORTH   ROSEVILLE   MN   55113   (631) 636-8300   ***   ***   ***   1671 COUNTY RD C   ROSEVILLE   MN   55113
9188   BANK OF AMERICA   1801 RICHMOND ROAD   WILLIAMSBURG   VA   23185   (757) 259-5481   ***   ***   ***   CENTER OF LIGHTFOOT, VA 23090   LIGHTFOOT   VA   23090
9190   CHASE (JPMORGAN)   7606 WEST MORGAN AVENUE   MILWAUKEE   WI   53220   (414) 546-7485   ***   ***   ***   4751 S 76TH ST KOPP SHOP CTR   GREENFIELD   WI   53220
9191   BANK OF AMERICA   99 ROCKINGHAM PARK BOULEVARD   SALEM   NH   03079   (800) 841-4000   ***   ***   ***   346 S BROADWAY   SALEM   NH   03079
9193   BANK OF AMERICA   994 MIDDLE COUNTRY RD   SELDEN   NY   11784   (800) 841-4000   ***   ***   ***   2049 MIDDLE COUNTRY RD   CENTEREACH   NY   11720
9194   CHASE (JPMORGAN)   2255 NORTH CALHOUN ROAD   BROOKFIELD   WI   53005   (262) 821-4321   ***   ***   ***   17500-A WEST BLUEMOND RD   BROOKFIELD   WI   53005
9196   US BANK   1760 BEAM AVENUE   MAPLEWOOD   MN   55109   (651) 747-2000   ***   ***   ***   1845 COUNTY RD D   MAPLEWOOD   MN   55109
9197   BANK OF AMERICA   75 MIDDLESEX TURNPKE   BURLINGTON   MA   01803   (800) 841-4000   ***   ***   ***   34 CAMBRIDGE ST   BURLINGTON   MA   01803
9199   BANK OF AMERICA   1290 HOOPER AVENUE   TOMS RIVER   NJ   08753   (732) 240-3300   ***   ***   ***   BEY LEA PLZ 1232 HOOPER AVE   TOM’S RIVER   NJ   08753
9200   CHASE (JPMORGAN)   3225 WEST ADDISON ST   CHICAGO   IL   60618   (773) 604-7770   ***   ***   ***   2949 W ADDISON ST ADDISON MALL   CHICAGO   IL   60618
9201   US BANK   8000 LYNDALE AVENUE SOUTH   BLOOMINGTON   MN   55420   (952) 887-6045   ***   ***   ***   6601 NICOLLET AVE.   RICHFIELD   MN   55423
9202   FIRST BANKING   7500 GREENBAY ROAD   KENOSHA   WI   53142   (262) 697-7505   ***   ***   ***   7700 120TH AVE UNIT 404   KENOSHA   WI   53142
9204   PROVIDENT BANK   44 WEST ROUTE 59   NANUET   NY   10954   (845) 627-6180   ***   ***   ***   ROCKLAND PLAZA 38 ROCKLAND PLAZA   NANUET   NY   10954
9205   CHASE (JPMORGAN)   2101 SOUTH BEND AVENUE   SOUTH BEND   IN   46637   (574) 283-4150   ***   ***   ***   INDIAN RIDGE SC 5776 GRAPE RD   MISHAWAKA   IN   46545
9206   CHASE (JPMORGAN)   7750 NORTH WAYNE ROAD   WESTLAND   MI   48185   (734) 425-8605   ***   ***   ***   35592 W WARREN RD   WESTLAND   MI   48185
9207   CHASE (JPMORGAN)   2368 CENTRAL PARK AVE   YONKERS   NY   10710   (914) 337-0878   ***   ***   ***   2369 CENTRal Park Ave   YONKERS   NY   10710
9208   CHASE (JPMORGAN)   5485 EAST HURON RIVER DRIVE   YPSILANTI   MI   48197   (734) 995-8094   ***   ***   ***   3576 WASHTENAW AVE   ANN ARBOR   MI   48104
9210   CHASE (JPMORGAN)   2310 WEST 95th STREET   CHICAGO   IL   60643   (708) 445-1770   ***   ***   ***   2637 WEST 95TH ST., EVERGREEN COMMONS   EVERGREEN PARK   IL   60805
9211   WASHINGTON MUTUAL   5230 FLATBUSH AVENUE & AVENUE U   BROOKLYN   NY   11234   (718) 692-5850   ***   ***   ***   2435 FLATBUSH AVE   BROOKLYN   NY   11234
9213   BANK OF AMERICA   195 BRISTOL OXFORD VALLEY ROAD   LANGHORNE   PA   19047   (800) 841-4000   ***   ***   ***   2500 E LINCOLN HWY   LANGHORNE   PA   19047
9214   CHASE (JPMORGAN)   260 JOHN R   TROY   MI   48083   (248) 524-6224   ***   ***   ***   100 W 12 MILE RD SPACE K   MADISON HEIGHTS   MI   48071
9217   CHASE (JPMORGAN)   833 SOUTH HIGH STREET   COLUMBUS   OH   43206   (614) 248-2480   ***   ***   ***   SANCUS RETAIL CENTER, 1154 POLARIS PKW   COLUMBUS   OH   43240
9220   CHASE (JPMORGAN)   4763 GREAT NORTHERN BLVD   NORTH OLMSTED   OH   44070   (440) 777-4888   ***   ***   ***   25180 LORAIN RD   N OLMSTED   OH   44070
9221   BANK OF AMERICA   2669 MURFREESBORO ROAD   NASHVILLE   TN   37217   (615) 291-2945   ***   ***   ***   5295 HICKORY HOLLOW PKWY #1015   ANTIOCH   TN   37013
9223   BANK OF AMERICA   141 SOUTH ROCK RD   WICHITA   KS   67207   (316) 261-4557   ***   ***   ***   8303 KELLOGG ST SUITE 444   WICHITA   KS   67207
9224   CHASE (JPMORGAN)   4144 BAY RD   SAGINAW   MI   48603   (989) 771-2440   ***   ***   ***   4434 BAY RD   SAGINAW   MI   48603
9225   BANK OF AMERICA   6711 RITCHIE HIGHWAY   GLEN BURNIE   MD   21061-2395   (410) 766-3500   ***   ***   ***   6710 GOVERNOR RITCHIE HWY   GLEN BURNIE   MD   21061
9227   CHASE (JPMORGAN)   17800 FORT STREET   RIVERVIEW   MI   48192   (734) 284-0365   ***   ***   ***   18700 EUREKA RD SPACE 1,2,3   SOUTHGATE   MI   48195
9229   US BANK   100 NORTH 56TH STREET   LINCOLN   NE   68504   (402) 467-8002   ***   ***   ***   101 S 48TH SUITE 4   LINCOLN   NE   68510
9232   CHASE (JPMORGAN)   4600 DRESSLER ROAD   CANTON   OH   44718   (330) 492-4431   ***   ***   ***   5106-5108 WHIPPLE NW   CANTON   OH   44718
9235   CHASE (JPMORGAN)   SOUTH FLINT PLAZA 4841 FENTON RD   FLINT   MI   48507   (810) 234-3557   ***   ***   ***   G4365 MILLER RD   FLINT   MI   48507
9236   UNITED SAVINGS BANK   301 BALTIMORE PIKE & WEST AVE   SPRINFFIELD   PA   19064-3809   (610) 544-9090   ***   ***   ***   220 BALTIMORE PIKE   SPRINGFIELD   PA   19064
9237   CHASE (JPMORGAN)   2475 SOUTH HAMILTON ROAD   COLUMBUS   OH   43232   (614) 248-2490   ***   ***   ***   2577 S HAMILTON RD   COLUMBUS   OH   43232


Exhibit 7.1

DDA’s

 

 

STORE
NO.

 

BANK NAME

 

BANK
ADDRESS

 

CITY

  ST  

ZIP

 

TELEPHONE

  ACCOUNT #   ACH
ROUTING #
  DEP.
ROUTING #
 

STORE
ADDRESS

 

CITY

  ST   ZIP
9241   CHEVY CHASE BANK   7515 GREENBELT ROAD   GREENBELT   MD   20770   (301) 614-2401   ***   ***   ***   7565 GREENBELT RD SPACE 205   GREENBELT   MD   20770
9242   BANK OF AMERICA   183 QUAKER RD   QUEENSBURY   NY   12804   (800) 841-4000   ***   ***   ***   1492 STATE ROUTE 9   LAKE GEORGE   NY   12845
9247   US BANK   1493 ROBERT STREET SOUTH   WEST ST PAUL   MN   55118   (651) 552-0420   ***   ***   ***   1733 S ROBERTS ST   W ST PAUL   MN   55118
9250   BANK OF AMERICA   910 TALON DRIVE   O’FALLON   IL   62269   (618) 632-5500   ***   ***   ***   319 LINCOLN HWY   FAIRVIEW HEIGHTS   IL   62208
9251   CITIZENS NATIOANL BANK   PO BOX 4610 PIGEON FORGE OFFICE   SEVIERVILLE   TN   37864-4610   (865) 429-7585   ***   ***   ***   2655 TEASTER LANE   PIGEON FORGE   TN   37863
9252   US BANK   72ND AND DODGE   OMAHA   NE   68114   (402) 399-3733   ***   ***   ***   7604 DODGE ST   OMAHA   NE   68114
9254   CHASE (JPMORGAN)   120 NORTH SCOTT   JOLIET   IL   60432   (815) 727-2601   ***   ***   ***   1359 N LARKIN ST   JOLIET   IL   60435
9256   BANK OF AMERICA   3371 US HWY 1   LAWRENCEVILLE   NJ   08648   (800) 432-1000   ***   ***   ***   3256 BRUNSWICK PIKE   LAWRENCEVILLE   NJ   08648
9257   CHASE (JPMORGAN)   5435 NORTHFIELD ROAD   BEDFORD HEIGHTS   OH   44146   (216) 475-5300   ***   ***   ***   4755 NORTHFIELD RD   N RANDALL   OH   44128
9258   HUNTINGTON BANK   4105 TALMADGE ROAD   TOLEDO   OH   43623   (419) 254-7052   ***   ***   ***   5212 MONROE ST SUITE B   TOLEDO   OH   43623
9260   NORTHWEST SAVINGS BANK   8 MILLCREEK SQUARE   ERIE   PA   16509   (814) 866-3900   ***   ***   ***   7 MILLCREEK SQ   ERIE   PA   16565
9267   CHASE (JPMORGAN)   9991 E WASHINGTON STREET   INDIANAPOLIS   IN   46229   317-266-6737   ***   ***   ***   10027 E WASHINGTON ST   INDIANAPOLIS   IN   46229
9270   CHASE (JPMORGAN)   2404 EAST OAKLAND AVENUE   BLOOMINGTON   IL   61701   (309) 433-9151   ***   ***   ***   1407 N VETERANS PKWY   BLOOMINGTON   IL   61704
9271   CHASE (JPMORGAN)   202 FOREST BLVD   PARK FOREST   IL   60466   (708) 747-2400   ***   ***   ***   4744 W LINCOLN PKWY   MATTESON   IL   60443
9272   TD BANK   30 STATE ROAD   KITTERY   ME   03904   207 - 439-2066   ***   ***   ***   8 DEXTER LN   KITTERY   ME   03904
9273   CHASE (JPMORGAN)   1935 BRETON ROAD SOUTHEAST   GRAND RAPIDS   MI   49506   (616) 771-7025   ***   ***   ***   3931 28TH ST SE   GRAND RAPIDS   MI   49512
9274   CHASE (JPMORGAN)   1 EAST OLD STATE CAPITOL PLAZA   SPRINGFIELD   IL   62701   (217) 525-9600   ***   ***   ***   2450 WABASH SPACE 101   SPRINGFIELD   IL   62704
9278   BANK OF AMERICA   10700 MIDLOTHIAN TURNPIKE   RICHMOND   VA   23235   (804) 378-8675   ***   ***   ***   11003 MIDLOTHIAN TPKE   RICHMOND   VA   23225
9280   FIRST NAT’L BANK OF PA   5004 MCKNIGHT RD   PITTSBURG   PA   15237   (412) 369-0990   ***   ***   ***   7515 MCKNIGHT ROAD   PITTSBURGH   PA   15237
9283   CHASE (JPMORGAN)   5400 MAYFIELD ROAD   LYNDHURST   OH   44124   (440) 442-7800   ***   ***   ***   5419 MAYFIELD RD   LYNDHURST   OH   44124
9286   BANK OF AMERICA   1699 WHITNEY AVE   HAMDEN   CT   06517   (800) 841-4000   ***   ***   ***   1869 DIXWELL AVE   HAMDEN   CT   06514
9291   BANK OF AMERICA   502 SOUTH COLLEGE ROAD   WILMINGTON   NC   28403   (910) 251-5244   ***   ***   ***   351 S COLLEGE RD SPACE D-19   WILMINGTON   NC   28403
9292   BANK OF AMERICA   1469 ROUTE 9   WAPPINGERS FALLS   NY   12590   (800) 841-4000   ***   ***   ***   1955 SOUTH RD   POUGHKEEPSIE   NY   12601
9298   PNC BANK   505 NORTH DUPONT HIGHWAY   DOVER   DE   19901   (888) 762-2265   ***   ***   ***   1037 N DUPONT HWY   DOVER   DE   19901
9299   US BANK   231 COUNTY ROAD 10 NE   BLAINE   MN   55434   (763) 785-3015   ***   ***   ***   N CT COMMONS SP 13 670 HWY 10   BLAINE   MN   55434
9302   BANK OF AMERICA   1123 SOUTH UNIVERSITY   LITTLE ROCK   AR   72205   (501) 664-3613   ***   ***   ***   1216 S UNIVERSITY AVE   LITTLE ROCK   AR   72204
9304   CHASE (JPMORGAN)   2109 WEST CENTRE   PORTAGE   MI   49002   (269) 323-0381   ***   ***   ***   6749 S WESTNEDGE AVE   PORTAGE   MI   49081
9306   M & T BANK   811 KIDDER STREET   WILKES-BARRE   PA   18702   (570) 824-5915   ***   ***   ***   TRIANGLE PLZ 677H KIDDER ST   WILKES BARRE   PA   18702
9309   BANK OF AMERICA   3400 WESTOWN PARKWAY   WEST DES MOINES   IA   50266   (515) 224-0615   ***   ***   ***   8801 UNIVERSITY AVE   CLIVE   IA   50325
9311   PNC BANK   32 MIRACLE MILE SHOPPING CENTER   MONROEVILLE   PA   15146   (412) 373-2476   ***   ***   ***   3832 WILLIAM PENN HWY   MONROEVILLE   PA   15146
9312   BANK OF AMERICA   67 OLD NEWTOWN RD   DANBURY   CT   06810   (800) 841-4000   ***   ***   ***   100 NEWTOWN RD   DANBURY   CT   06810
9316   M & T BANK   2421 OLD PHILADELPHIA PIKE   LANCASTER   PA   17602   (717) 293-5505   ***   ***   ***   35 S WILLOWDALE DR BOX 807   LANCASTER   PA   17602
9319   US BANK   5501 WEST 41ST   SIOUX FALLS   SD   57106   (605) 323-3580   ***   ***   ***   3500 W 41ST ST   SIOUX FALLS   SD   57106
9322   BANK OF AMERICA   19 RIDGEDALE AVE   EAST HANOVER   NJ   07936   (800) 841-4000   ***   ***   ***   368 STATE ROUTE 10   EAST HANOVER   NJ   07936
9323   FIRST CITIZENS BANK   241 EAST MARKET ST, PO BOX 1377   SMITHFIELD   NC   27577-1377   (919) 989-3274   ***   ***   ***   2400 INDUSTRIAL PK DR SP 450   SMITHFIELD   NC   27577
9324   US BANK   3802 13TH AVENUE SOUTH   FARGO   ND   58103   (701) 281-0975   ***   ***   ***   4340 13TH AVE SW   FARGO   ND   58103
9327   CHASE (JPMORGAN)   30730 GROESBECK HIGHWAY   ROSEVILLE   MI   48066   (586) 775-7800   ***   ***   ***   30160 GRATIOT AVE   ROSEVILLE   MI   48066
9330   WACHOVIA BANK   143 OLD COUNTRY RD   CARLE PLACE   NY   11514   (516) 577-8317   ***   ***   ***   152 GLEN COVE RD   CARLE PLACE   NY   11514
9331   BANK OF AMERICA   4495 LEMAY FERRY ROAD   ST LOUIS   MO   63129   (314) 284-3800   ***   ***   ***   7328 S LINDBERGH BLVD   ST LOUIS   MO   63125
9333   BANK OF AMERICA   4189 SOUTH SERVICE ROAD   ST PETERS   MO   63376   (636) 939-1236   ***   ***   ***   4083 VETERAN’S MEMORIAL PARKWAY   ST PETERS   MO   63376
9334   CHASE (JPMORGAN)   3115 RIDGE ROAD   LANSING   IL   60438   (708) 474-6161   ***   ***   ***   16819 TORRENCE AVE   LANSING   IL   60438
9336   BANK OF AMERICA   425 PHILBROOK AVE   SOUTH PORTLAND   ME   04106   (800) 841-4000   ***   ***   ***   220 MAINE MALL RD   S PORTLAND   ME   04106
9339   BANK OF AMERICA   47 WEST MAIN ST   PATCHOGUE   NY   11772   (800) 841-4000   ***   ***   ***   49956 N SERVICE RD   PATCHOGUE   NY   11772
9340   BANK OF AMERICA   7520 MARLBORO PIKE   FORESTVILLE   MD   20747   (301) 817-7760   ***   ***   ***   5736 SILVER HILL RD   DISTRICT HEIGHTS   MD   20747
9343   PNC BANK   2101 PARK MANOR BLVD   PITTSBURGH   PA   15205   (412) 787-5757   ***   ***   ***   6528 STEUBENVILLE PIKE, ROBINSON COURT   PITTSBURGH   PA   15205
9347   BANK OF AMERICA   6701 SOUTH MEMORIAL DRIVE   TULSA   OK   74133   (918) 591-6865   ***   ***   ***   8228 E 61ST ST SUITE 101   TULSA   OK   74133
9348   M & T BANK   WEIS PLAZA 1802 ROOSEVELT AVE   YORK   PA   17408   (800) 724-2440   ***   ***   ***   MAPLE VLG II 970 LOUCKS RD   YORK   PA   17404
9349   FIFTH THIRD BANK   1250 NORTH GREEN RIVER RD   EVANSVILLE   IN   47715   (812) 474-2741   ***   ***   ***   1530 N GREEN RIVER RD BLDG A   EVANSVILLE   IN   47715


Exhibit 7.1

DDA’s

 

 

STORE
NO.

 

BANK NAME

 

BANK
ADDRESS

 

CITY

 

ST

 

ZIP

 

TELEPHONE

  ACCOUNT #   ACH
ROUTING #
  DEP.
ROUTING #
 

STORE
ADDRESS

 

CITY

  ST   ZIP
9351   FIRST TENNESSEE   5526 BRAINERD RD   CHATTANOOGA   TN   37411   (423) 954-2520   ***   ***   ***   BRAINARD PK 5799 BRAINARD RD   CHATTANOOGA   TN   37411
9356   CHASE (JPMORGAN)   8515 FONDREN   HOUSTON   TX   77074   (713) 751-6100   ***   ***   ***   6898 SOUTHWEST FREEWAY   HOUSTON   TX   77074
9360   CHASE (JPMORGAN)   4530 WEST SAGINAW   LANSING   MI   48917   (517) 323-7045   ***   ***   ***   5849 W SAGINAW HWY DELTA CTR   LANSING   MI   48917
9361   CHASE (JPMORGAN)   1414 WEST OAK STREET   ZIONSVILLE   IN   46077   (317) 266-7316   ***   ***   ***   501 COLISEUM BLVD E   FT WAYNE   IN   46805
9363   CHASE (JPMORGAN)   8515 5TH AVE   BROOKLYN   NY   11209   (718) 439-5648   ***   ***   ***   527 86TH ST BAYRIDGE   BROOKLYN   NY   11209
9365   CHASE (JPMORGAN)   19732 ST HWY 249   HOUSTON   TX   77070   (281) 469-1687   ***   ***   ***   THE COMMONS AT WILLOWBROOK, 7592 FM 1960 WEST   HOUSTON   TX   77070
9366   CHASE (JPMORGAN)   7000 GRAPEVINE HIGHWAY   FORT WORTH   TX   76180   (817) 884-4000   ***   ***   ***   N EAST SC 8704A AIRPORT FREEWY   HURST   TX   76053
9367   BANK OF AMERICA   5310 SUNRISE HIGHWAY   MASSAPEQUA   NY   11762   (800) 841-4000   ***   ***   ***   5060A SUNRISE HWY   MASSAPEQUA   NY   11762
9368   CHASE (JPMORGAN)   2161 STRINGTOWN RD   GROVE CITY   OH   43123   (614) 248-2270   ***   ***   ***   PKWY CNTR E. BUCKEYE PARKWAY   GROVE CITY   OH   43123
9370   CHASE (JPMORGAN)   1730 S HARLEM   N RIVERSIDE   IL   60546   (708) 488-9537   ***   ***   ***   7365 25TH ST N RIVERSIDE PLZ   N RIVERSIDE   IL   60546
9371   BANK OF AMERICA   1355 N. DELSEA DRIVE   DEPTFORD   NJ   08096   (800) 841-4000   ***   ***   ***   CENTER OF DEPTFORD, NJ 08096   DEPTFORD   NJ   08096
9374   CHASE (JPMORGAN)   BAY PLAZA, 2130 BARTOW AVE   BRONX   NY   10475   (718) 862-9480   ***   ***   ***   BAY PLAZA , 2094 BARTOW AVE   BRONX   NY   10475
9375   CHASE (JPMORGAN)   633 NORTHLAND BLVD   CINCINNATI   OH   45240   (513) 595-6410   ***   ***   ***   CASINELLI SQ 129 E KEMPTER RD   SPRINGDALE   OH   45246
9376   CHASE (JPMORGAN)   45 EAST FOURTH STREET   CINCINNATI   OH   45202   (513) 784-0770   ***   ***   ***   KENWOOD CTR 7324 KENWOOD RD   CINCINNATI   OH   45236
9377   CHASE (JPMORGAN)   101 MONUMENT CIRCLE   INDIANAPOLIS   IN   46204   (317) 321-7020   ***   ***   ***   6024 E 82ND ST CASTLETON SHOPS   INDIANAPOLIS   IN   46250
9378   US BANK   MIDTOWN WI OFFICE 5526 W CAPITOL DRIVE   MILWAUKEE   WI   53216   (414) 873-8510   ***   ***   ***   MIDTOWN CENTER 4176 NORTH 56TH STREET   MILWAUKEE   WI   53209
9379   BANK OF AMERICA   188 BOSTON TURNPIKE ROAD   SHREWSBURY   MA   01545   (800) 841-4000   ***   ***   ***   80 80A BOSTON TPKE   SHREWSBURY   MA   01545
9380   BANK OF AMERICA   3375 LEONARDTOWN ROAD   WALDORF   MD   20602   (301) 645-8887   ***   ***   ***   3376 CRAIN HIGHWAY   WALDORF   MD   20601
9381   CHASE (JPMORGAN)   533 LYNDON LANE   LOUISVILLE   KY   40222   (502) 566-2291   ***   ***   ***   7635 SHELBYVILLE RD   LOUISVILLE   KY   40222
9383   BANK OF AMERICA   1000 COTTMAN AVE   PHILADELPHIA   PA   19111   (800) 841-4000   ***   ***   ***   2375 COTTMAN AVE   PHILADELPHIA   PA   19149
9384   CHASE (JPMORGAN)   7990 WASHINGTON VILLAGE DRIVE   DAYTON   OH   45459   (937) 443-6290   ***   ***   ***   7924 SPRINGBORO PIKE   MIAMISBURG   OH   45342
9387   CHASE (JPMORGAN)   30 NORTH MAIN STREET   POLAND   OH   44514   (330) 757-0852   ***   ***   ***   926 BOARDMAN-POLAND RD   BOARDMAN   OH   44512
9388   SOVEREIGN BANK   2655 RICHMOND AVE   STATEN ISLAND   NY   10314   (718) 370-3623   ***   ***   ***   2295 RICHMOND AVE SPACE 63   STATEN ISLAND   NY   10314
9390   CHASE (JPMORGAN)   303 SOUTH MAIN   DUNCANVILLE   TX   75116   (972) 780-4207   ***   ***   ***   3209 CAMP WISDOM RD   DALLAS   TX   75237
9391   CITIZENS BANK   2084 NAMANS ROAD   WILMINGTON   DE   19808   (302) 421-2358   ***   ***   ***   3924 KIRKWOOD HWY RTE 2   WILMINGTON   DE   19808
9393   CHASE (JPMORGAN)   600 SOUTH TYLER STREET, SUITE 100   AMARILLO   TX   79101   (806) 378-3100   ***   ***   ***   WOFLIN SQ 2221 I-40 W   AMARILLO   TX   79109
9395   CHASE (JPMORGAN)   7979 PLAZA BLVD   MENTOR   OH   44060   (440) 352-5530   ***   ***   ***   7619 MENTOR AVE   MENTOR   OH   44060
9396   BANK OF AMERICA   236 WEST DEKALB PIKE   KING OF PRUSSIA   PA   19406   (800) 841-4000   ***   ***   ***   445 W DEKALB PIKE   KING OF PRUSSIA   PA   19406
9398   BANK OF AMERICA   12400 NORTH FREEWAY   HOUSTON   TX   77060   (281) 874-6166   ***   ***   ***   GREENSPOINTE SQ 153 GREENS RD   HOUSTON   TX   77060
9400   BANK OF AMERICA   700 PLAZA DRIVE   SECAUCUS   NJ   07094   (800) 841-4000   ***   ***   ***   3 MILL CREEK DR   SECAUCUS   NJ   07094
9401   HSBC BANK USA   200 OAKDALE MALL   JOHNSON CITY   NY   13790   800-975-4722   ***   ***   ***   223 REYNOLDS RD OAKDALE MALL 3A   JOHNSON CITY   NY   13790
9402   CHASE (JPMORGAN)   2921 PAT BOOKER, STE 100   UNIVERSAL CITY   TX   78148   (210) 566-5750   ***   ***   ***   8251 AGORA PARKWAY, SUITE 101   SELMA   TX   78154
9403   CHASE (JPMORGAN)   19747 US HWY 59   HUMBLE   TX   77338   (281) 540-6822   ***   ***   ***   19723 EASTEX FREEWAY HWY 59   HUMBLE   TX   77338
9404   BANK OF AMERICA   5144 82ND STREET   LUBBOCK   TX   79424   (806) 798-4900   ***   ***   ***   4408 50TH ST   LUBBOCK   TX   79414
9405   BANK OF AMERICA   9375 KINGSTON PIKE   KNOXVILLE   TN   37922   (865) 541-6130   ***   ***   ***   7834 KINGSTON PIKE   KNOXVILLE   TN   37919
9406   CHASE (JPMORGAN)   124 SOUTHWEST ADAMS STREET   PEORIA   IL   61604   (309) 672-6123   ***   ***   ***   3526-3528 N UNIVERSITY AVE   PEORIA   IL   61604
9407   BANK OF AMERICA   9505 PINEVILLE-MATTHEWS ROAD   PINEVILLE   NC   28134   (704) 386-3980   ***   ***   ***   10610 D CENTRUM PKWY   PINEVILLE   NC   28134
9408   BANK OF AMERICA   14001 METROTECH DRIVE   CHANTILLY   VA   22021   (703) 502-3360   ***   ***   ***   13061 LEE JACKSON MEMORIAL HWY   FAIRFAX   VA   22033
9409   US BANK   900 WEST COUNT ROAD 42   BURNSVILLE   MN   55337   (952) 435-3235   ***   ***   ***   820 W COUNTY RD 42   BURNSVILLE   MN   55337
9411   BANK OF AMERICA   50 MONUMENT RD   BALA CYNWYD   PA   19004   (800) 841-4000   ***   ***   ***   4510 CITY AVE   PHILADELPHIA   PA   19131
9412   BANK OF AMERICA   41 BEACON STREET   FRAMINGHAM   MA   01701   (800) 841-4000   ***   ***   ***   1400 WORCESTER RD   NATICK   MA   01760
9413   BANK OF AMERICA   601 N.W. LOOP 410   SAN ANTONIO   TX   78216   (210) 525-5440   ***   ***   ***   7334 SAN PEDRO BLVD   SAN ANTONIO   TX   78216
9414   BANK OF AMERICA   6605 UPTOWN BLVD NE   ALBUQUERQUE   NM   87110   (505) 282-3030   ***   ***   ***   6601 MENAUL BLVD NE   ALBUQUERQUE   NM   87110
9415   BANK OF AMERICA   241-42 S. CONDUIT BLVD   ROSEDALE   NY   11422   (800) 841-4000   ***   ***   ***   320 W SUNRISE HWY   VALLEY STREAM   NY   11581
9416   CHASE (JPMORGAN)   2100 LINDEN BOULEVARD   BROOKLYN   NY   11207   (718) 346-0087   ***   ***   ***   1110 PENNSYLVANIA AVE STORE 18   BROOKLYN   NY   11207
9417   BANK OF AMERICA   3802 S. ALAMEDA   CORPUS CHIRSTI   TX   78404   (361) 851-6600   ***   ***   ***   5118-C S STAPLES ST   CORPUS CHRISTI   TX   78411
9419   BANK OF AMERICA   7676 MCPHERSON ROAD   LAREDO   TX   78041   (956) 728-6830   ***   ***   ***   5504 SAN BERNADO AVE STE 100   LAREDO   TX   78041
9420   BANK OF AMERICA   7703 EASTPOINT MALL   BALTIMORE   MD   21224   (410) 285-4780   ***   ***   ***   7839 EASTPOINT MALL   E BALTIMORE   MD   21224


Exhibit 7.1

DDA’s

 

 

STORE
NO.

 

BANK NAME

 

BANK ADDRESS

 

CITY

 

ST

 

ZIP

 

TELEPHONE

 

ACCOUNT #

 

ACH
ROUTING #

 

DEP.
ROUTING #

 

STORE
ADDRESS

 

CITY

 

ST

 

ZIP

9421   CHASE (JPMORGAN)   4600 SOUTH HULEN STREET   FT WORTH   TX   76132   (817) 884-4000   ***  

***

 

***

  4613 S HULEN ST SUITE C   FT WORTH   TX   76132
9422   CHASE (JPMORGAN)   5400 LBJ FREEWAY, STE 150   DALLAS   TX   75240   (972) 934-7501   ***  

***

 

***

  13398 PRESTON RD   DALLAS   TX   75240
9424   WACHOVIA BANK   53 COLONIAL PARK MALL PA 6665   HARRISBURG   PA   17109   (717) 657-4065   ***  

***

 

***

  4425 JONESTOWN RD RTE 22   HARRISBURG   PA   17109
9428   CHASE (JPMORGAN)   4401 WEST WISCONSIN AVE   APPLETON   WI   54915   (920) 738-9000   ***  

***

 

***

  SHOPS AT FOX RIVER 708 N CASALOMA DR STE 10 UNIT3   GRAND CHUTE (APPLETON)   WI   54915
9429   BANK OF AMERICA   1212 HAWKINS BLVD   EL PASO   TX   79925   (915) 590-4921   ***  

***

 

***

  1111 HAWKINS BLVD   EL PASO   TX   79925
9430   CHASE (JPMORGAN)   WHITE PLAINS COUNTY CTR 45 AQUEDUCT RD   WHITE PLAINS   NY   10606   (914) 428-1701   ***  

***

 

***

  350 TARRYTOWN RD RTE 119   GREENBURGH   NY   10607
9431   COMPASS BANK   2811 EASTERN BLVD   MONTGOMERY   AL   36116   (334) 409-7206   ***  

***

 

***

  3984 EASTERN BLVD SUITE B   MONTGOMERY   AL   36116
9432   BANK OF AMERICA   29 BLANDING BLVD   ORANGE PARK   FL   32073   (904) 269-1770   ***  

***

 

***

  66 BLANDING BLVD   ORANGE PARK   FL   32073
9433   BANK OF AMERICA   9550 REGENCY SQUARE BLVD   JACKSONVILLE   FL   32225   (904) 724-4445   ***  

***

 

***

  9402 ARLINGTON EXWY   JACKSONVILLE   FL   32225
9434   BANK OF AMERICA   1199 NE 163rd STREET   NORTH MIAMI   FL   33162   (305) 947-0691   ***  

***

 

***

  1749 NE 163RD ST   N MIAMI BEACH   FL   33162
9435   BANK OF AMERICA   5330 HIGHWAY 78   STONE MOUNTAIN   GA   30087   (770) 498-5250   ***  

***

 

***

  5370 US HWY 78 SUITE 5   STONE MOUNTAIN   GA   30087
9436   BANK OF AMERICA   2850 NO FEDERAL HWY   LIGHTHOUSE POINT   FL   33064   (954) 784-2974   ***  

***

 

***

  1800 N FEDERAL HWY STE 100   POMPANO BEACH   FL   33062
9440   BANK OF AMERICA   821 NORTH STILES STREET   LINDEN   NJ   07036   (800) 841-4000   ***  

***

 

***

  1601 W EDGAR RD   LINDEN   NJ   07036
9442   CHITTENDEN BANK   99 DORSET STREET   S BURLINGTON   VT   05403   (802) 658-1444   ***  

***

 

***

  861 WILLISTON RD STAPLES PLZ   S BURLINGTON   VT   05403
9444   M & T BANK   640 SCRANTON CARBONDALE HWY   SCRANTON   PA   18508   (570) 342-3047   ***  

***

 

***

  CENTER OF SCRANTON, PA 18508   SCRANTON   PA   18508
9445   BANK OF AMERICA   265 MONTAUK HIGHWAY   ISLIP   NY   11751   (800) 841-4000   ***  

***

 

***

  1757 SUNRISE HWY   BAY SHORE   NY   11706
9447   BANK OF AMERICA   7811 MAPLE AVENUE   PENNSAUKEN   NJ   08109   (800) 841-4000   ***  

***

 

***

  216 HADDONFIELD RD   CHERRY HILL   NJ   08002
9449   BANK OF AMERICA   8501 SUDLEY RD   MANASSAS   VA   20109   (703) 331-3030   ***  

***

 

***

  8372 SUDLEY RD   MANASSAS   VA   22109
9451   CHASE (JPMORGAN)   323 SOUTH BARRINGTON ROAD   SCHAUMBURG   IL   60193   (847) 895-3803   ***  

***

 

***

  SCHAUMBURG PROMENADE 1985 EAST GOLF ROAD   SCHAUMBURG   IL   60173
9454   BANK OF AMERICA   1459 MACARTHUR RD   WHITEHALL   PA   18052   (800) 841-4000   ***  

***

 

***

  2367 MACARTHUR RD   WHITEHALL   PA   18052
9456   BANK OF AMERICA   600 DICK RD   DEPEW   NY   14043   (800) 841-4000   ***  

***

 

***

  2130 WALDEN AVE   CHEEKTOWAGA   NY   14225
9457   US BANK   2400 MAPLE GROVE ROAD   DULUTH   MN   55811   (218) 723-2938   ***  

***

 

***

  913 W CENTRAL ENTRANCE   DULUTH   MN   55811
9458   BANK OF AMERICA   15 COMMERCE BLVD   SUCCASUNNA   NJ   07876   (800) 841-4000   ***  

***

 

***

  288 STATE ROUTE 10 W   SUCCASUNNA   NJ   07876
9460   BANK OF AMERICA   7101 WEST BROAD STREET   RICHMOND   VA   23294   (804) 755-4500   ***  

***

 

***

  7111 W BROAD ST   RICHMOND   VA   23294
9461   BANK OF AMERICA   25 MAIN STREET   SOUTH RIVER   NJ   08882   (800) 841-4000   ***  

***

 

***

  326 STATE ROUTE 18   E BRUNSWICK   NJ   08816
9464   BANK OF AMERICA   1381 EAST RIDGE ROAD   ROCHESTER   NY   14621   (716) 467-7781   ***  

***

 

***

  1381 E RIDGE RD   IRONDEQUOIT (ROCHESTER)   NY   14621
9465   CHASE (JPMORGAN)   1331 PARK AVENUE WEST   MANSFIELD   OH   44906   (419) 525-5715   ***  

***

 

***

  695 N LEXINGTON SPRINGMILL RD   MANSFIELD   OH   44906
9466   CHASE (JPMORGAN)   2207 SAGAMORE PARKWAY SOUTH   LAFAYETTE   IN   47905   (765) 423-0140   ***  

***

 

***

  2128 SAGAMORE PKWY S   LAFAYETTE   IN   47905
9468   CHASE (JPMORGAN)   935 PILGRIM WAY   GREEN BAY   WI   54304   (920) 497-6800   ***  

***

 

***

  2300 S ONEIDA ST UNITED CTR   GREEN BAY (ASHWAUBEN)   WI   54304
9469   CHASE (JPMORGAN)   3209 COURTYARD DRIVE   MIDLAND   TX   79705   (432) 688-6353   ***  

***

 

***

  4410 N MIDKIFF RD SUITE B-1   MIDLAND   TX   79705
9470   CHASE (JPMORGAN)   1481 SOUTH SEVENTH STREET   LOUISVILLE   KY   40208   (502) 566-2201   ***  

***

 

***

  4814 OUTER LOOP BROWNSVL SQ SC   LOUISVILLE   KY   40219
9471   CHASE (JPMORGAN)   5233 JOHNSTON STREET   LAFAYETTE   LA   70503   (337) 236-7182   ***  

***

 

***

  3501 AMBASSADOR CAFFREY   LAFAYETTE   LA   70503
9472   BANK OF AMERICA   745 LYNNHAVEN PARKWAY   VIRGINIA BEACH   VA   23452   (757) 498-6013   ***  

***

 

***

  2704 N MALL DR SUITE 105-106   VIRGINIA BEACH   VA   23452
9473   US BANK   1415 N ACADEMY BLVD   COLORADO SPRINGS   CO   80909   (719) 597-9038   ***  

***

 

***

  507 N ACADEMY BLVD CITADEL XG   COLORADO SPRINGS   CO   80909
9477   BANK OF AMERICA   900 WEST 49TH STREET   HIALEAH   FL   33012   (305) 364-8000   ***  

***

 

***

  1001 W 49TH ST STE 1   HIALEAH   FL   33012
9478   CHASE (JPMORGAN)   8578 GOODWOOD BLVD   BATON ROUGE   LA   70806   (225) 332-4523   ***  

***

 

***

  9490 AIRLINE HWY   BATON ROUGE   LA   70815
9482   BANK OF AMERICA   2105 WEST BRANDON BLVD   BRANDON   FL   33511   (813) 653-2235   ***  

***

 

***

  103 BRANDON TOWN CENTER BLVD   BRANDON   FL   33511
9484   CHASE (JPMORGAN)   303 SOUTH MATTIS AVENUE   CHAMPAIGN   IL   61821   (217) 351-1600   ***  

***

 

***

  1006 W ANTHONY DR SUITES A & B   CHAMPAIGN   IL   61820
9486   CHASE (JPMORGAN)   221 WEST SIXTH STREET   AUSTIN   TX   78701   (512) 479-1581   ***  

***

 

***

  9705 RESEARCH BLVD HWY 183   AUSTIN   TX   78759
9487   CHASE (JPMORGAN)   105 SOUTH ST. MARY’S   SAN ANTONIO   TX   78205   (210) 271-8200   ***  

***

 

***

  5755 NORTHWEST LOOP 410 #103   SAN ANTONIO   TX   78238
9488   BANK OF AMERICA   4330 U S 98 NORTH   LAKELAND   FL   33809-3821   (863) 816-1610   ***  

***

 

***

  4304 HWY 98 N VILLAGE PLZ   N LAKELAND   FL   33809
9489   CHASE (JPMORGAN)   55 SOUTH MAIN STREET, STE 175   NAPERVILLE   IL   60540   (630) 305-6115   ***  

***

 

***

  618 S RTE 59 NAPER W PLZ #112   NAPERVILLE   IL   60540
9490   BANK OF AMERICA   6304 NORTH POINT PARKWAY   ALPHARETTA   GA   30022   (710) 442-2476   ***  

***

 

***

  7681 N POINT PKWY SUITE 500   ALPHARETTA   GA   30202
9491   BANK OF AMERICA   9101 S DIXIE HWY   MIAMI   FL   33156   (305) 663-5107   ***  

***

 

***

  9875 S DIXIE HWY   MIAMI   FL   33156
9494   BANK OF AMERICA   460 E ALTAMONTE DRIVE   ALTAMONTE SPRINGS   FL   32701   (321) 207-2400   ***  

***

 

***

  355 E ALTAMONTE DR SUITE 1000   ALTAMONTE SPRINGS   FL   32701
9500   CHASE (JPMORGAN)   1201 WEST MAIN STREET   LEWISVILLE   TX   75067   (214) 290-2000   ***  

***

 

***

  565 E HWY 3040 SUITE 201   LEWISVILLE   TX   75067
9501   BANK OF AMERICA   2940 S. GLENSTONE   SPRINGFIELD   MO   65804   (417) 227-6251   ***  

***

 

***

  1418 E BATTLEFIELD RD   SPRINGFIELD   MO   65804
9502   NATIONAL CITY BANK   12010 CHURCH STREET LOCATOR R-H23-XX   BIRCH RUN   MI   48415   (989) 797-9277   ***  

***

 

***

  12150 SOUTH BEYER ROAD, SPACE F050   BIRCH RUN   MI   48415


Exhibit 7.1

DDA’s

 

 

STORE
NO.

 

BANK NAME

 

BANK ADDRESS

 

CITY

 

ST

 

ZIP

 

TELEPHONE

 

ACCOUNT #

 

ACH
ROUTING #

 

DEP.
ROUTING #

 

STORE ADDRESS

 

CITY

 

ST

 

ZIP

9503   VALLEY NATIONAL BANK   22 BLOOMFIELD AVENUE   BELLEVILLE   NJ   07109   (973) 759-1015   ***  

***

 

***

  135 BLOOMFIELD AVE   BLOOMFIELD   NJ   07003
9504   CHASE (JPMORGAN)   4097 NICHOLS PARK DRIVE, SUITE 100   LEXINGTON   KY   40503   (859) 273-1016   ***  

***

 

***

  3270 NICHOLASVILLE RD   LEXINGTON   KY   40503
9505   BANK OF AMERICA   6033 GLENNWOOD AVENUE   RALEIGH   NC   27612   (919) 716-2237   ***  

***

 

***

  6010 GLENWOOD AVE US 70 W   RALEIGH   NC   27612
9506   FIRST COMMONWEALTH BANK   P.O. BOX 503   HOLLIDAYBURG   PA   16648   (814) 944-4644   ***  

***

 

***

  RT 200 & PLANK RD PARK HIL PLZ   ALTOONA   PA   16602
9507   CHASE (JPMORGAN)   3508 W GENESEE STREET   SYRACUSE   NY   13219   (315) 488-9255   ***  

***

 

***

  3514 W GENESEE ST   SYRACUSE   NY   13219
9508   CHASE (JPMORGAN)   3401 WEST FOX RIDGE LANE   MUNCIE   IN   47304   (765) 747-4615   ***  

***

 

***

  3301 N EVERBROOK LANE   MUNCIE   IN   47304
9509   BANK OF AMERICA   2120 WEST STREET   ANNAPOLIS   MD   21401-3058   (410) 224-3625   ***  

***

 

***

  2091 WEST ST SUITE B   ANNAPOLIS   MD   21401
9510   BANK OF AMERICA   3542 SATELLITE BLVD.   DULUTH   GA   30136   (770) 497-3100   ***  

***

 

***

  1950 PLEASANT HILL RD SUITE B   DULUTH   GA   30096
9513   BANK OF AMERICA   825 DULVANEY VALLEY BLVD   TOWSON   MD   21286   (410) 277-7471   ***  

***

 

***

  815 GOUCHER BLVD   BALTIMORE   MD   21286
9516   BANK OF AMERICA   1511 MATTHEW DRIVE   FORT MYERS   FL   33907   (239) 939-1011   ***  

***

 

***

  4455 CLEVELAND AVE   FT MYERS   FL   33901
9518   CHASE (JPMORGAN)   8921 QUEENS BOULEVARD   ELMHURST   NY   11373   (718) 803-5340   ***  

***

 

***

  8955 QUEENS BLVD   ELMHURST   NY   11373
9521   BANK OF AMERICA   3507 WHEELER RD   AUGUSTA   GA   30909   (706) 737-4923   ***  

***

 

***

  3435 WRIGHTSBORO RD SUITE 1206   AUGUSTA   GA   30909
9522   BANK OF AMERICA   7802 ABERCORN STREET   SAVANNAH   GA   31406   (912) 353-3960   ***  

***

 

***

  OGLETHORPE PLAZA, 7929 ABERCORN STREET, SUITE 640-650   SAVANNAH   GA   31406
9523   BANK OF AMERICA   1827 N MILITARY TRAIL   WEST PALM BEACH   FL   33409-4715   (561) 697-3603   ***  

***

 

***

  1990 N MILITARY TRAIL   W PALM BEACH   FL   33409
9524   BANK OF AMERICA   3120 SW 34 th AVE   OCALA   FL   34474-4433   (352) 861-1015   ***  

***

 

***

  3558 SW COLLEGE RD, SUITE 200   OCALA   FL   34474
9526   COMPASS BANK   1789 MONTGOMERY HIGHWAY   BIRMINGHAM   AL   35244   (205) 297-3510   ***  

***

 

***

  1707 MONTGOMERY HWY   HOOVER   AL   35244
9527   CHASE (JPMORGAN)   22 EAST MIFFLIN STREET   MADISON   WI   53703   (608) 282-6020   ***  

***

 

***

  698 S WHITNEY WAY STERLING CTR   MADISON   WI   53711
9528   BANK OF AMERICA   41 VETERANS MEMORIAL HIGHWAY   COMMACK   NY   11725   (800) 841-4000   ***  

***

 

***

  4199 JERICHO TPKE   E NORTHPORT   NY   11731
9529   BANK OF AMERICA   510 VETERANS BOULEVARD   BRANSON   MO   65616   (417) 336-6363   ***  

***

 

***

  4370 GRETNA RD SUITE 2170   BRANSON   MO   65616
9530   BANK OF AMERICA   498 SOUTH PLEASANTBURG DRIVE   GREENVILLE   SC   29607   (864) 271-5740   ***  

***

 

***

  2410 LAURENS RD   GREENVILLE   SC   29607
9533   BANK OF AMERICA   3303 SOUTH TAMIAMI TRAIL   SARASOTA   FL   34239   (941) 954-7800   ***  

***

 

***

  4130 S TAMIAMI TRAIL   SARASOTA   FL   34231
9534   BANK OF AMERICA   10 WEST HIGH STREET   BRIDGEWATER   NJ   08807   (908) 722-0601   ***  

***

 

***

  936 RTE 22 E   SOMERVILLE   NJ   08876
9540   AMALGAMATED BANK NY   301 THIRD AVENUE   NEW YORK   NY   10010   (212) 679-5305   ***  

***

 

***

  291 THIRD AVE   NEW YORK   NY   10010
9541   BANK OF AMERICA   10050 PINES BLVD   PEMBROKE PINES   FL   33024   (954) 435-4114   ***  

***

 

***

  11090 PINES BOULEVARD   PEMBROKE PINES   FL   33026
9542   BANK OF AMERICA   100 EAST ELM STREET   HILLSBORO   TX   76645   (254) 580-2300   ***  

***

 

***

  104 NE I-35 SUITE 128   HILLSBORO   TX   76645
9545   CHASE (JPMORGAN)   100 INDEPENDENCE PLACE   TYLER   TX   75703   (903) 561-5000   ***  

***

 

***

  4217 S BROADWAY AVE   TYLER   TX   75701
9551   BANK OF AMERICA   3661 W OAKLAND PARK BLVD   LAUDERDALE LAKES   FL   33311-1145   (954) 714-9079   ***  

***

 

***

  3196 N STATE RD 7 REEF PLZ   LAUDERDALE LAKES   FL   33319
9553   BANK OF AMERICA   2900 WEST DAVID ROAD   CONROE   TX   77303   (936) 539-0299   ***  

***

 

***

  1111 LEAGUE LINE RD. SUITE 121   CONROE   TX   77303
9554   BANK OF AMERICA   1070 WEST PATRICK ST.   FREDERICK   MD   21703   (301) 698-6080   ***  

***

 

***

  1170 W PATRICK ST SUITES G & H   FREDERICK   MD   21702
9557   FIRST NAT’L BANK   2204 LEBANON CHURCH ROAD   WEST MIFFLIN   PA   15122   (412) 655-0900   ***  

***

 

***

  2033 LEBANON CHURCH RD SUITE C   W MIFFLIN   PA   15122
9558   BRANCH BK/TR (BB&T)   120 EAST HIGHWAY 53 SE   CALHOUN   GA   30701   (706) 602-4003   ***  

***

 

***

  455 BELWOOD RD SE SUITE 60   CALHOUN   GA   30701
9564   US BANK   3410 SOUTH 143RD PLAZA   OMAHA   NE   68144   (402) 330-1407   ***  

***

 

***

  13003 W CENTER RD SUITE 28   OMAHA   NE   68144
9566   COMPASS BANK   5275 MCWHINNEY   LOVELAND   CO   80538   (970) 622-8080   ***  

***

 

***

  5732 MCWHINNEY BLVD SPACE E-40   LOVELAND   CO   80538
9567   BANK OF AMERICA   1025 INTERNATIONAL SPEEDWAY BLVD   DAYTONA BEACH   FL   32114   (386) 947-3798   ***  

***

 

***

  2110 W INTERNATL SPEEDWAY BLVD   DAYTONA BEACH   FL   32114
9568   BANK OF AMERICA   162 COLLEGE STREET   ASHEVILLE   NC   28801   (828) 251-8269   ***  

***

 

***

  64 TUNNEL RD   ASHEVILLE   NC   28805
9571   SECUTITY NATIONAL BANK   2 SOUTH MAIN STREET   JEFFERSONVILLE   OH   43218   740-426-6384   ***  

***

 

***

  8115 FACTORY SHOPS BLVD.   JEFFERSONVILLE   OH   43128
9573   BANK OF AMERICA   354 1/2 WEST MIDDLE TURNPIKE   MANCHESTER   CT   06040   (800) 841-4000   ***  

***

 

***

  1470 PLEASANT VALLEY RD   MANCHESTER   CT   06040
9576   MAIN SOURCE BANK   3880 W PRESIDENTIAL WAY PO Box 38   EDINBURGH   IN   46124   (812) 526-0551   ***  

***

 

***

  11747 N EXECUTIVE DR SPACE B80   EDINBURGH   IN   46124
9577   BANK OF AMERICA   317 SE GREENVILLE BLVD.   GREENVILLE   NC   27858   (252) 551-6218   ***  

***

 

***

  3040 S EVANS ST SUITE 103   GREENVILLE   NC   27834
9581   WACHOVIA BANK   4012 UNIVERSITY DRIVE   HUNTSVILLE   AL   35816   (256) 551-5180   ***  

***

 

***

  4710-B UNIVERSITY DRIVE   HUNTSVILLE   AL   35816
9582   BANK OF AMERICA   45985 - 180 REGAL PLAZA   STERLING   VA   20165   (703) 421-7533   ***  

***

 

***

  46220 POTOMAC RUN PLAZA   STERLING   VA   20164
9583   BANK OF AMERICA   140 ROUTE 73 NORTH   WEST BERLIN   NJ   08091   (856) 767-5800   ***  

***

 

***

  199 NORTH ROUTE 73, SUITE A   WEST BERLIN   NJ   08091
9584   BANK OF AMERICA   3057 AKERS MILL ROAD   ATLANTA   GA   30339   (770) 953-5640   ***  

***

 

***

  2778 COBB PARKWAY   ATLANTA   GA   30339
9585   CHASE (JPMORGAN)   2410 W. GRAND RIVER   HOWELL   MI   48843   (517) 548-3827   ***  

***

 

***

  1475 N BURKHART RD, SUITE D180   HOWELL   MI   48843
9587   CHASE (JPMORGAN)   105 FILLMORE STREET   DENVER   CO   80206   (303) 322-4799   ***  

***

 

***

  320 SOUTH COLORADO BLVD   GLENDALE   CO   80246
9588   FIVE STAR BANK   1940 US ROUTE 20   WATERLOO   NY   13165   (315) 539-1000   ***  

***

 

***

  655 RTE 318 SUITE A005   WATERLOO   NY   13165
9589   BANK OF AMERICA   5002 WILLIAMSON ROAD NW   ROANOKE   VA   24012   (540) 561-0943   ***  

***

 

***

  1919 VALLEY VIEW BLVD NORTHWEST   ROANOKE   VA   24012
9591   BANK OF AMERICA   101 E. MORELAND RD   WILLOW GROVE   PA   19090   (800) 841-4000   ***  

***

 

***

  311 W MORELAND RD   WILLOW GROVE   PA   19090


Exhibit 7.1

DDA’s

 

 

STORE
NO.

 

BANK NAME

 

BANK
ADDRESS

 

CITY

 

ST

 

ZIP

 

TELEPHONE

 

ACCOUNT #

 

ACH
ROUTING #

 

DEP.
ROUTING #

 

STORE ADDRESS

 

CITY

 

ST

 

ZIP

9592   CHASE (JPMORGAN)   924 BROADWAY AVENUE   BOWLING GREEN   KY   42101   (270) 781-9476   ***  

***

 

***

  2522 SCOTTSVILLE RD   BOWLING GREEN   KY   42104
9595   TRUSTMARK BANK   248 EAST CAPITOL STREET PO BOX 291   JACKSON   MS   39205-0291   (601) 961-6071   ***  

***

 

***

  1039 E COUNTRY LINE RD SUITE A   JACKSON   MS   39211
9596   US BANK   8575 VALLEY CREEK ROAD   WOODBURY   MN   55125   (651) 264-0200   ***  

***

 

***

  8362 TAMARACK VILLAGE   WOODBURY   MN   55125
9598   WACHOVIA BANK   8055 20TH STREET FL6584   VERO BEACH   FL   32966   (561) 778-6081   ***  

***

 

***

  1757 94TH DR SUITE D180   VERO BEACH   FL   32966
9601   BANK OF AMERICA   1505 PUTT PUTT PLACE   CHARLOTTESVILLE   VA   22901   (434) 974-4940   ***  

***

 

***

  632 ALBEMARLE SQUARE   CHARLOTTESVILLE   VA   22901
9604   CHASE (JPMORGAN)   6040 159TH STREET   OAK FOREST   IL   60452   (708) 535-5440   ***  

***

 

***

  9396 WEST 159TH STREET   ORLAND PARK   IL   60462
9605   TD BANK   10 SHERWOOD DRIVE   TILTON   NH   03276   (603) 286-2401   ***  

***

 

***

  TANGER OUTLET CENTER, 120 LACONIA ROAD   TILTON   NH   03276
9610   CHASE (JPMORGAN)   EAST STATE   ROCKFORD   IL   61125-1086   (815) 398-6500   ***  

***

 

***

  6376 EAST STATE STREET   ROCKFORD   IL   61108
9612   CHASE (JPMORGAN)   1200 MCKINNEY, STE 433   HOUSTON   TX   77010   (713) 751-6100   ***  

***

 

***

  2346 SOUTH HIGHWAY 6   HOUSTON   TX   77077
9613   CHASE (JPMORGAN)   9379 NORTH SHERIDAN BLVD   WESTMINSTER   CO   80030   (303) 244-5060   ***  

***

 

***

  8725 SHERIDAN BLVD UNIT B   WESTMINSTER   CO   80030
9615   FROST NATIONAL BANK   221 WONDER WORLD DRIVE   SAN MARCOS   TX   78666   (512) 393-5647   ***  

***

 

***

  TANGER OUTLETS 4015 INTERSTATE HWY 35 STE 214   SAN MARCOS   TX   78666
9616   COMMUNITY BANK & TRUST   800 STEVEN B TANGER BLVD   COMMERCE   GA   30529   (706) 336-3202   ***  

***

 

***

  800 STEVEN B TANGER BLVD S/310   COMMERCE   GA   30529
9617   BANK OF AMERICA   1200 MT. ZION ROAD   MORROW   GA   30260-2314   (770) 968-2000   ***  

***

 

***

  6715 SUITE H JONESBORO H   MORROW   GA   30260
9618   BANK OF AMERICA   115 ROUTE 50   MAYS LANDING   NJ   08330   (800) 841-4000   ***  

***

 

***

  Center of Mays Landing, NJ 08330   Mays Landing   NJ   08330
9620   BANK OF AMERICA   7100 SW ARCHER ROAD   GAINESVILLE   FL   32608   (352) 264-2929   ***  

***

 

***

  3600 S.W. ARCHER ROAD UNIT A-1   GAINESVILLE   FL   32608
9621   CHASE (JPMORGAN)   6800 WESTGATE BLVD. STE 111   AUSTIN   TX   78745   (512) 479-5400   ***  

***

 

***

  5601 BRODIE LANE   SUNSET VALLEY   TX   78745
9622   BANK OF AMERICA   6727 NORTH DAVIS HIGHWAY   PENSACOLA   FL   32504   (850) 478-3504   ***  

***

 

***

  7000 N DAVIS HIGHWAY UNIT A   PENSACOLA   FL   32504
9623   BANK OF AMERICA   5325 SW 21st STREET   TOPEKA   KS   66604   (785) 295-3546   ***  

***

 

***

  1930 S W WANAMAKER RD SUITE E   TOPEKA   KS   66614
9624   BANK OF AMERICA   1481 CARL D SILVER PARKWAY   FREDERICKSBURG   VA   22401   (540) 548-2827   ***  

***

 

***

  3200 PLANK ROAD   FREDERICKSBURG   VA   22407
9625   CHASE (JPMORGAN)   1441 WEST BAY AREA BLVD   WEBSTER   TX   77546   (281) 557-7941   ***  

***

 

***

  1041 WEST BAY AREA BLVD   WEBSTER   TX   77598
9627   PREMIER BANK   100 GRELL LANE   JOHNSON CREEK   WI   53038   (920) 699-6900   ***  

***

 

***

  132 WEST LINMAR LANE, SUITE D25   JOHNSON CREEK   WI   53038
9629   PREMIER BANK   11055 61ST STREET NORTH EAST   ALBERTVILLE   MN   55301   (763) 497-8224   ***  

***

 

***

  6415 LABEAUX AVENUE SUITE B-65   ALBERTVILLE   MN   55301
9630   WACHOVIA BANK   700 SOUTH MACKENZIE STREET   FOLEY   AL   36535   (251) 972-8823   ***  

***

 

***

  2601 SOUTH MCKENZIE ST. SUITE 476   FOLEY   AL   36535
9631   BANK OF AMERICA   150 PARKER ST   VACAVILLE   CA   95688   (707) 449-4433   ***  

***

 

***

  131 NUT TREE ROAD, SUITE K   VACAVILLE   CA   95687
9632   Bank of ST. Augustine   900 STATE ROAD 16   ST. AUGUSTINE   FL   32084   (904) 209-0078   ***  

***

 

***

  2700 STATE RD 16 SUITE 815   ST. AUGUSTINE   FL   32092
9633   US BANK   408 COURT STREET   WILLIAMSBURG   IA   52361   (319) 668-9100   ***  

***

 

***

  112-A TANGER DR.   WILLIAMSBURG   IA   52361
9635   PNC BANK   1275 YORK ROAD   GETTYSBURG   PA   17325   (717) 337-9333   ***  

***

 

***

  1863 GETTYSBURG VILLAGE DRIVE, SUITE 250   GETTYSBURG   PA   17325
9636   CITIZENS BANK OF PA   ROUTE 611 AND 715   TANNERSVILLE   PA   18372   (570) 629-1631   ***  

***

 

***

  1000 ROUTE 611, UNIT A19   TANNERSVILLE   PA   18372
9640   BANK OF AMERICA   403 E. BIDWELL STREET   FOLSOM   CA   95630   (916) 861-9900   ***  

***

 

***

  13000 FOLSOM BLVD, SUITE 1440   FOLSOM   CA   95630
9642   M & T BANK   10721 FAIRWAY LANE   HAGERSTOWN   MD   21740   (301) 790-2326   ***  

***

 

***

  495 PRIME OUTLETS BLVD.   HAGERSTOWN   MD   21740
9643   NATIONAL CITY BANK   201 SOUTH BROAD ST LOCATOR 46-11-071   GROVE CITY   PA   16127   (724) 458-9250   ***  

***

 

***

  1911 LEESBURG GROVE CITY ROAD, SUITE 315   GROVE CITY   PA   16127
9644   CITIZENS BANK   1187 BOSTON POST ROAD   WESTBROOK   CT   06498   (860) 399-8511   ***  

***

 

***

  314 FLAT ROCK PLACE, SUITE A135   WESTBROOK   CT   06498
9662   CHASE (JPMORGAN)   4660 EAST MAIN STREET   WHITEHALL   OH   43213   (614) 248-2600   ***  

***

 

***

  5091 EAST MAIN STREET   COLUMBUS   OH   43212
9664   US BANK   4621 INLAND EMPIRE ROAD   ONTARIO   CA   91764   (909) 980-1485   ***  

***

 

***

  4320 EAST MILLS CIRCLE UNIT H   ONTARIO   CA   91764
9665   FIRST BANK OF THE LAKE   4558 HIGHWAY 54, SUITE 100   OSAGE BEACH   MO   65065   (573) 348-2265   ***  

***

 

***

  FACTORY OUTLET VILLAGE OSAGE BEACH, 4540 HWY 54, SUITE N4   OSAGE BEACH   MO   65065
9668   WILMINGTON TRUST   4369 HIGHWAY ONE   REHOBOTH   DE   19971   (302) 856-4491   ***  

***

 

***

  REHOBOTH OUTLETS, 1230 OCEAN OUTLETS, HWY 1   REHOBOTH BEACH   DE   19971
9670   REGIONS BANK   9420 HIGHWAY 49 NORTH   GULFPORT   MS   39503   (228) 896-9519   ***  

***

 

***

  10737 FACTORY SHOPS BOULEVARD   GULFPORT   MS   39503
9676   CHASE (JPMORGAN)   425 AIRLINE HIGHWAY   GONZALES   LA   70737   (225) 644-2575   ***  

***

 

***

  TANGER OUTLE6T, 2400 TANGER BLVD. SUITE 152   GONZALES   LA   70737
9677   CHASE (JPMORGAN)   2039 AIRLINE DRIVE   BOSSIER CITY   LA   71111   (318) 226-2723   ***  

***

 

***

  LOUISIANA BOARDWALK, 640 BOARDWALK BLVD.   BOSSIER CITY   LA   71111
9680   BANK OF AMERICA   303 E. TULARE AVENUE   TULARE   CA   93274   (559) 686-4900   ***  

***

 

***

  1483 RETHFROD STREET   TULARE   CA   93274
9683   CHASE (JPMORGAN)   525 MARKETPLACE BOULEVARD   HAMILTON   NJ   8691   (609) 585-3584   ***  

***

 

***

  JACKSON OUTLET CENTER, 537 MONMOUTH ROAD, SPACE 322   JACKSON   NJ   08527
9685   BANK OF AMERICA   941 SOUTH ATLANTIC BLVD   LOS ANGELES   CA   90022   (323) 415-8618   ***  

***

 

***

  CITADEL OUTLETS, 100 CITADEL DRIVE, SUITE 660   COMMERCE   CA   90040
9686   CHASE (JPMORGAN)   4365 FRANKLIN STREET   MICHIGAN CITY   IN   46360   (219)-879-1122   ***  

***

 

***

  1740 LIGHTHOUSE PLACE   MICHIGAN CITY   IN   46360
9687   BANK OF AMERICA   7825 MONTEREY STREET   GILROY   CA   95020   (800) 237-8052   ***  

***

 

***

  GILROY PREMIUM OUTLETS, 8155 ARROYO Circl, Sp#A-108   GILROY   CA   95020
9689   CHASE BANK   819 S ALLEN HEIGHTS   ALLEN   TX   75002   (972) 747-3210   ***  

***

 

***

  ALLEN PREMIUM OUTLETS 820 WEST STACY ROAD, SUITE 330   ALLEN   TX   75013
9690   BANK OF AMERICA   1755 LAKESIDE DR   BULLHEAD CITY   AZ   86442   (520) 758-3981   ***  

***

 

***

  1955 SOUTH CASINO DRIVE, SUITE 270   LAUGHLIN   NV   89029
9691   LONE STAR NATIONAL BANK   RIO GRD V PREM OTL 5001 E. HIGHWAY83, SUITE 650C   MERCEDES   TX   78541   (956) 544-3805   ***  

***

 

***

  RIO GRANDE VALLEY PREM OUTLET 5001 E. EXPRESSWAY 83, SUITE 230   MERCEDES   TX   78570
9692   BANK OF AMERICA   5900 CORE AVE   NORTH CHARLESTON   SC   29406   (843) 745-8328   ***  

***

 

***

  4840 TANGER OUTLET BOULEVARD, SUITE 966   NORTH CHARLESTON   SC   29418


Exhibit 7.1

DDA’s

 

 

STORE
NO.

 

BANK NAME

 

BANK
ADDRESS

 

CITY

 

ST

 

ZIP

 

TELEPHONE

 

ACCOUNT #

 

ACH
ROUTING #

 

DEP.
ROUTING #

 

STORE ADDRESS

 

CITY

 

ST

 

ZIP

9693   CHASE BANK   1111 N. IH 35 At HIGHWAY 79   ROUND ROCK   TX   78664   (512) 479-5400   ***  

***

 

***

  4401 N. IH 35, SUITE 869   ROUND ROCK   TX   78664
9694   CHASE BANK   7598 N MESA   EL PASO   TX   79912   (915) 585-5012   ***  

***

 

***

  THE OUTLET SHOPPES AT EL PASO 7051 SOUTH DESERT BOULEVARD, SUITE C-333   EL PASO   TX   79932
9696   M & T BANK   2186 HIGH STREET   POTTSTOWN   PA   19464   (610) 970-5051   ***  

***

 

***

  PHILADELPHIA PREMIUM OUTLETS 18 LIGHTCAP ROAD, SUITE 167   POTTSTOWN   PA   19464
9697   BANK OF AMERICA   17930 SPRING CYPRESS ROAD   CYPRESS   TX   77429   (281) 256-4000   ***  

***

 

***

  HOUSTON PREMIUM OUTLETS 29300 HEMPSTEAD ROAD, SUITE #804   CYPRESS   TX   77433
9698   PNC BANK   319 Washington Rd   WASHINGTON   PA   15301   (724) 225-1400   ***  

***

 

***

  2200 TANGER BOULEVARD, SUITE 725   WASHINGTON   PA   15301
9701   BANK OF AMERICA   5959 CANOGA AVENUE   WOODLAND HILLS   CA   91367   (818) 712-6007   ***  

***

 

***

  6443 CANOGA AVE STAPLES PLZ   WOODLAND HILLS (CANOGA PARK)   CA   91367
9702   CHASE (JPMORGAN)   2950 WEST PEORIA   PHOENIX   AZ   85029   (602) 589-3888   ***  

***

 

***

  2860 W PEORIA AVE   PHOENIX   AZ   85029
9703   BANK OF AMERICA   1603 HAWTHORNE BLVD   REDONDO BEACH   CA   90247   (310) 214-7306   ***  

***

 

***

  16129 S HAWTHORNE BLVD SUITE F   LAWNDALE   CA   90260
9704   BANK OF AMERICA   391 SERRAMONTE CTR   DALY CITY   CA   94015   (650) 615-4700   ***  

***

 

***

  350 GELLERT BLVD   DALY CITY   CA   94015
9705   BANK OF AMERICA   2905 STEVENS CREEK BLVD   SANTA CLARA   CA   95050   (408) 983-0588   ***  

***

 

***

  319 S.WINCHESTER BLVD   SAN JOSE   CA   95128
9706   BANK OF AMERICA   901 NORTH MOUNTAIN AVENUE   ONTARIO   CA   91762   (909) 865-2424   ***  

***

 

***

  358/366 S MOUNTAIN AVE   UPLAND   CA   91786
9708   BANK OF AMERICA   1053 WILLOW PASS RD   CONCORD   CA   94520-5896   (925) 671-1563   ***  

***

 

***

  675 CONTRA COSTA BLVD   PLEASANT HILL   CA   94523
9709   BANK OF AMERICA   4120 SAN PABLO AVENUE   EMERYVILLE   CA   94608   (510) 273-5690   ***  

***

 

***

  1199 40TH ST EAST BAY SHOP CTR   EMERYVILLE   CA   94608
9710   BANK OF AMERICA   3101 ARDEN WAY   SACRAMENTO   CA   95825   (916) 861-9429   ***  

***

 

***

  1743 ARDEN WAY   SACRAMENTO   CA   95815
9711   BANK OF AMERICA   7496 DUBLIN BLVD   DUBLIN   CA   94568-2416   (925) 833-9588   ***  

***

 

***

  8000 AMADOR VALLEY BLVD   DUBLIN   CA   94568
9712   BANK OF AMERICA   800 NORTHRIDGE CENTER   SALINAS   CA   93906   (831) 443-7125   ***  

***

 

***

  776 NORTHRIDGE MALL   SALINAS   CA   93906
9713   BANK OF AMERICA   3401 DALE ROAD   MODESTO   CA   95356   (209) 549-8280   ***  

***

 

***

  3200 SISK ROAD UNIT G   MODESTO   CA   95356
9714   BANK OF AMERICA   590 EAST SHAW AVENUE   FRESNO   CA   93710   (559) 445-7346   ***  

***

 

***

  5048 N BLACKSTONE AVE #101   FRESNO   CA   93710
9715   BANK OF AMERICA   303 NORTH “D” STREET   SAN BERNARDINO   CA   92401   (909) 381-8400   ***  

***

 

***

  798 INLAND CTR DR   SAN BERNARDINO   CA   92408
9716   CHASE (JPMORGAN)   5041 NORTH 16TH STREET   PHOENIX   AZ   85016   (602) 589-4340   ***  

***

 

***

  3240 E CAMELBACK RD SUITE 100   PHOENIX   AZ   85018
9717   CHASE (JPMORGAN)   12240 NORTH TATUM BLVD   PHOENIX   AZ   85032   (602) 261-5230   ***  

***

 

***

  12847-B N TATUM BLVD   PHOENIX   AZ   85032
9718   BANK OF AMERICA   10 SANTA ROSA AVENUE   SANTA ROSA   CA   95404   (707) 525-2303   ***  

***

 

***

  1911 SANTA ROSA AVE   SANTA ROSA   CA   95407
9719   BANK OF AMERICA   3555 EAST FOOTHILL BLVD   PASADENA   CA   91107   (626) 304-3175   ***  

***

 

***

  3867 FOOTHILL BLVD   PASADENA   CA   91107
9720   BANK OF AMERICA   641 MALL RING CIRCLE   HENDERSON   NV   89014   (702) 654-3100   ***  

***

 

***

  1152 W SUNSET RD SUNSET PLZ   HENDERSON   NV   89014
9721   BANK OF AMERICA   3800 MING AVENUE   BAKERSFIELD   CA   93309   (661) 395-2117   ***  

***

 

***

  3699 MING AVE MING PLAZA   BAKERSFIELD   CA   93309
9722   CHASE (JPMORGAN)   6257 EAST BROADWAY BLVD   TUCSON   AZ   85711   (877) 226-5663   ***  

***

 

***

  5700 E BROADWAY   TUSCON   AZ   85711
9723   BANK OF AMERICA   3730 SOUTH BRISTOL STRET   SANTA ANA   CA   92704   (714) 973-8495   ***  

***

 

***

  3638 S BRISTOL ST METRO TWN SQ   SANTA ANA   CA   92704
9724   BANK OF AMERICA   941 NORTH TUSTIN   ORANGE   CA   92867   (714) 778-7304   ***  

***

 

***

  1302 N TUSTIN ST   ORANGE   CA   92667
9726   BANK OF AMERICA   4801 W. CHARLESTON BLVD   LAS VEGAS   NV   89193   (702) 654-4310   ***  

***

 

***

  1705 S DECATUR BLVD   LAS VEGAS   NV   89102
9727   BANK OF AMERICA   503 W. BENHOLT DRIVE   STOCKTON   CA   95207   (209) 944-5277   ***  

***

 

***

  5779 PACIFIC AVE SHERWOOD PLZ   STOCKTON   CA   95207
9728   BANK OF AMERICA   4002 TACOMA MALL BLVD   TACOMA   WA   98409   (800) 253-0784   ***  

***

 

***

  2220 S 37TH ST METRO PLZ S-8   TACOMA   WA   98409
9729   BANK OF AMERICA   384 SAN ANTONIO RD   MOUNTAIN VIEW   CA   94040-1273   (650) 324-4433   ***  

***

 

***

  4898 EL CAMINO REAL   LOS ALTOS   CA   94022
9730   BANK OF AMERICA   2400 148TH AVE. NORTHEAST   REDMOND   WA   98052   (206) 358-2410   ***  

***

 

***

  14725 NE 20TH AVE STERNCO CTR   BELLEVUE   WA   98007
9731   BANK OF AMERICA   4795 SOUTH MARYLAND PARKWAY   LAS VEGAS   NV   89119   (702) 654-4120   ***  

***

 

***

  3993 S MARYLAND PKWY SUITE 101   LAS VEGAS   NV   89119
9732   BANK OF AMERICA   401 N. HARBOR BLVD   FULLERTON   CA   92832-1939   (714) 533-4470   ***  

***

 

***

  1620 S HARBOR BLVD SUITE A   FULLERTON   CA   92632
9733   BANK OF AMERICA   971 BLOSSOM HILL ROAD   SAN JOSE   CA   95123   (408) 277-7730   ***  

***

 

***

  882 BLOSSOM HILL RD K-MART CTR   SAN JOSE   CA   95123
9734   BANK OF AMERICA   18 AUBURN WAY N   AUBURN   WA   98002-5490   (253) 833-5310   ***  

***

 

***

  1101 SUPERMALL WAY, 1069   AUBURN   WA   98001
9735   BANK OF AMERICA   10101 SW WASHINGTON SQ RD   PORTLAND   OR   97223   (503) 620-5515   ***  

***

 

***

  8705 SW HALL BLVD   BEAVERTON   OR   97008
9736   BANK OF AMERICA   150 SO. CALIFORNIA AVENUE   W. COVINA   CA   91790   (626) 854-8047   ***  

***

 

***

  330 S VINCENT AVE   W COVINA   CA   91790
9737   BANK OF AMERICA   1200 FAIRMONT DRIVE   SAN LEANDRO   CA   94578   (510) 614-6150   ***  

***

 

***

  15099 HESPERIAN BLVD SUITE E&F   SAN LEANDRO   CA   94578
9738   BANK OF AMERICA   11501 SANTA MONICA BLVD   LOS ANGELES   CA   90025   (310) 996-7811   ***  

***

 

***

  1845 WESTWOOD BLVD   W LOS ANGELES   CA   90025
9739   BANK OF AMERICA     TUCSON   AZ   85705   (877) 226-5663   ***  

***

 

***

  4055 N ORACLE RD SUITE 101   TUSCON   AZ   85705
9742   BANK OF AMERICA   30 E WELLESLEY AVE   SPOKANE   WA   99207   (509) 353-6066   ***  

***

 

***

  6010 N DIVISION ST   SPOKANE   WA   99208
9743   BANK OF AMERICA   111 W 10th STREET   TRACY   CA   95376   (209) 836-0944   ***  

***

 

***

  1005 PESCADARO AVE SUITE 179   TRACY   CA   95376
9744   BANK OF AMERICA   71-799 HIGHWAY 111   RANCHO MIRAGE   CA   92270   (760) 341-4781   ***  

***

 

***

  72216 HWY 111 SUITES F5 & F6   PALM DESERT   CA   92260
9745   BANK OF AMERICA   2495 E. LAKESHORE DR   LAKE ELSINORE   CA   92530-4446   (909) 679-6818   ***  

***

 

***

  17600 COLLIER AVE SUITE H184   LAKE ELSINORE   CA   92530
9746   BANK OF AMERICA   4705 SILVA   LAKEWOOD   CA   90712   (562) 663-0525   ***  

***

 

***

  5195 LAKEWOOD BLVD   LAKEWOOD   CA   90712
9747   BANK OF AMERICA   1275 ROSECRANS DRIVE   SAN DIEGO   CA   92106   (619) 221-6613   ***  

***

 

***

  2990 MIDWAY DR ROSECRANS CTR   SAN DIEGO   CA   92110


Exhibit 7.1

DDA’s

 

 

STORE
NO.

 

BANK NAME

 

BANK
ADDRESS

 

CITY

 

ST

 

ZIP

 

TELEPHONE

 

ACCOUNT #

 

ACH
ROUTING #

 

DEP.
ROUTING #

 

STORE ADDRESS

 

CITY

 

ST

 

ZIP

9748

  BANK OF AMERICA   5541 SEPULVEDA BLVD   CULVER CITY   CA   90230   (310) 397-7781   ***  

***

 

***

  5592 S SEPULVEDA BLVD   CULVER CITY   CA   90230

9752

  BANK OF AMERICA   805 BROADWAY STREET   VANCOUVER   WA   98660   (360) 696-5651   ***  

***

 

***

  1416 JANTZEN BEACH CENTER   PORTLAND   OR   97217

9753

  BANK OF AMERICA   39300 FREMONT BLVD   FREMONT   CA   94538   (510) 795-4110   ***  

***

 

***

  39121 FREMONT BLVD   FREMONT   CA   94538

9756

  BANK OF AMERICA   12682 ARMAGOSA ROAD   SOUTH VICTORVILLE   CA   92392   (760) 843-6615   ***  

***

 

***

  12544-B AMARGOSA ROAD   VICTORVILLE   CA   92392

9757

  BANK OF AMERICA   1288 LANCASTER DR NE   SALEM   OR   97301   (503) 945-2194   ***  

***

 

***

  1132 LANCASTER DRIVE NE   SALEM   OR   97301

9759

  BANK OF AMERICA   7198 STOCKTON BLVD   SACRAMENTO   CA   95823   (916) 732-4276   ***  

***

 

***

  6160 FLORIN ROAD SUITE B   SACRAMENTO   CA   95823

9760

  CHASE (JPMORGAN)   2528 WEST SOTHERN AVENUE   TEMPE   AZ   85282   (480) 890-6256   ***  

***

 

***

  5000 ARIZONA MILLS CIRCLE   TEMPE   AZ   85282

9761

  BANK OF AMERICA   5905 S. VIRGINIA ST   RENO   NV   89502-6029   (775) 688-8900   ***  

***

 

***

  5595 SOUTH VIRGINIA ST, SUITE A   RENO   NV   89502

9768

  BANK OF AMERICA   24740 VALLEY STREET   NEWHALL   CA   91321-2640   (661) 253-4600   ***  

***

 

***

  VALENCIA MARKET PL. 25640 THE OLD RD   VALENCIA   CA   91381

9769

  BANK OF AMERICA   2597 GEORGE BUSBEE PKWY   KENNESAW   GA   30144   (770) 423-5177   ***  

***

 

***

  440 BARRETT PKWY, SUITE 17   KENNESAW   GA   30144

9775

  BANK OF AMERICA   2500 HIGHLAND   JONESBORO   AR   72401   (870) 933-4352   ***  

***

 

***

  2108 SOUTH CARAWAY   JONESBORO   AR   72401

9777

  BANK OF AMERICA   4041 LYNN COURT DRIVE   INDEPENDENCE   MO   64055   (816) 979-6119   ***  

***

 

***

  19110 A EAST 39TH STREET   INDEPENDENCE   MO   64057

9778

  BANK OF AMERICA   3410 WEST CHANDLER BLVD   CHANDLER   AZ   85226   (480) 224-2021   ***  

***

 

***

  2560 W CHANDLER BLVD, SUITE 5   CHANDLER   AZ   85224

9780

  CHASE (JPMORGAN)   4889 HOUSTON ROAD   FLORENCE   KY   41042   (859) 647-6300   ***  

***

 

***

  VILLAGE AT THE MALL, 7634 MALL RD   FLORENCE   KY   41042

9782

  BANK OF AMERICA   503 CROSS CREEK MALL   FAYETTEVILLE   NC   28303   (910) 864-2020   ***  

***

 

***

  1916 SKIBO RD SUITE 341   FAYETTEVILLE   NC   28314

9783

  BANK OF AMERICA   1391 SILAS CREEK ROAD PKWAY PLAZA   WINSTON SALEM   NC   27127   (336) 805-3468   ***  

***

 

***

  3272 SILAS CREEK PKWAY UNIT 33/34   WINSTON-SALEM   NC   27127

9787

  BANK OF AMERICA   11262 LOS ALAMITOS BLVD   LOS ALAMITOS   CA   90720   (562) 624-4425   ***  

***

 

***

  7601 CARSON BLVD.   LONG BEACH   CA   90808

9788

  BANK OF AMERICA   130 EMERALD SQUARE MALL   N. ATTLEBORO   MA   2760   (508) 643-1182   ***  

***

 

***

  1400 S. WASHINGTON ST. UNIT 3   N. ATTLEBORO   MA   02760

9789

  BANK OF AMERICA   1855 NORTH OXNARD BLVD   OXNARD   CA   93030   (805) 278-4511   ***  

***

 

***

  301 WEST ESPLANADE DRIVE   OXNARD   CA   93030

9790

  BANK OF AMERICA   1447 NEW BRITAIN AVE   WEST HARTFORD   CT   06110   (860) 523-6151   ***  

***

 

***

  1457 NEW BRITAIN AVENUE   WEST HARTFORD   CT   06110

9791

  BANK OF AMERICA   1729 WEST BROADWAY, SUITE 15   COLUMBIA   MO   65203   (573) 876-6353   ***  

***

 

***

  2101 WEST BROADWAY SUITE EE   COLUMBIA   MO   65203

9792

  US BANK   4004 NORTHWEST BLVD   DAVENPORT   IA   52806   (563) 388-9223   ***  

***

 

***

  902 WEST KIMBERLY ROAD   DAVENPORT   IA   52806

9793

  US BANK   4444 1ST AVENUE NE   CEDAR RAPIDS   IA   52402   (319) 393-9156   ***  

***

 

***

  1392 TWIXT TOWN ROAD   MARION   IA   52302

9795

  BANK OF AMERICA   23831 EL TORO   LAKE FOREST   CA   92630   (949) 951-4024   ***  

***

 

***

  THE ORCHARD AT SADDLEBACK 23600 EL TORO ROAD, SUITE A   LAKE FOREST   CA   92630

9797

  BANK OF AMERICA   10297 MAGNOLIA AVENUE   RIVERSIDE   CA   92504   (909) 781-3312   ***  

***

 

***

  10113 HOLE AVENUE   RIVERSIDE   CA   92503

9798

  BANK OF AMERICA   198 WEST MAIN STREET   EL CAJON   CA   92020   (619) 401-1930   ***  

***

 

***

  700 N JOHNSON AVE SUITE A   EL CAJON   CA   92020

9799

  CHASE (JPMORGAN)   505 D STREET   SOUTH CHARLESTON   WV   25303   (304) 744-1835   ***  

***

 

***

  90 RHL BLVD   SOUTH CHARLESTON   WV   25309

9800

  CHASE (JPMORGAN)   8283 SOUTH QUEBEC STREET   ENGLEWOOD   CO   80112   (303) 244-5310   ***  

***

 

***

  9078 WESTVIEW RD., SUITE 100   LONE TREE   CO   80124

9801

  BANK OF AMERICA   10900 SEMINOLE BLVD   LARGO   FL   33778   (727) 319-4913   ***  

***

 

***

  10357 ULMERTON ROAD   LARGO   FL   33771

9802

  BANK OF AMERICA   1101 WOODLAND ROAD   WYOMISSING   PA   19610   (800) 841-4000   ***  

***

 

***

  2733 PAPERMILL RD   WYOMISSING   PA   19610

9804

  BANK OF AMERICA   495 UNION STREET, SPACE 1000   WATERBURY   CT   06706   (800) 841-4000   ***  

***

 

***

  945 WOLCOTT ST   WATERBURY   CT   06705

9805

  CHASE (JPMORGAN)   3265 WEST MARKET STREET, SUITE 80   AKRON   OH   44333   (330) 972-1930   ***  

***

 

***

  3737 W. MARKET ST. UNIT L   FAIRLAWN   OH   44333

9806

  CHASE (JPMORGAN)   1400 WOODLOCH FOREST DRIVE   THE WOODLANDS   TX   77380   (713) 751-6100   ***  

***

 

***

  19075 I-45 SOUTH, SUITE 400, PORTOFINO CENTER   SHENANDOAH   TX   77385

9807

  CHASE (JPMORGAN)   4960 FAIRMONT PKWY   PASADENA   TX   77505   (713) 751-6100   ***  

***

 

***

  5579 FAIRMONT PKWY   PASADENA   TX   77505

9808

  CHASE (JPMORGAN)   1757 WEST FULLERTON   CHICAGO   IL   60614   (773) 880-1376   ***  

***

 

***

  1730 W. FULLERTON AVENUE UNIT 22   CHICAGO   IL   60614

9809

  CHEVY CHASE BANK   820 B. CAPITAL CENTRE BOULEVARD   LARGO   MD   20774   (301) 350-6429   ***  

***

 

***

  BLVD AT CAPITAL CENTRE, 900 G CAPITAL CENTER BLVD, SUITE D103   LARGO   MD   20774

9810

  CHASE (JPMORGAN)   575 SOUTH RANDALL ROAD   ST. CHARLES   IL   60134   (630) 377-0808   ***  

***

 

***

  962 SOUTH RANDALL RD. UNIT B   ST. CHARLES   IL   60174

9811

  BANK OF AMERICA   3321 NW FEDERAL HIGHWAY   JENSEN BEACH   FL   34994   (772) 692-7821   ***  

***

 

***

  2800NW FEDERAL HIGHWAY   STUART   FL   34994

9813

  BANK OF AMERICA   2330 WEST OREGON AVENUE   PHILADELPHIA   PA   19145   (800) 432-1000   ***  

***

 

***

  QUARTERMASTER PLAZA, 2306 OREGON AVENUE, SPACE F-3   PHILADELPHIA   PA   19141

9814

  BANK OF AMERICA   1188 GALLERIA BLVD   ROSEVILLE   CA   95678   916-781-4582   ***  

***

 

***

  CREEKSIDE TOWN CENTER, 1208 GALLERIA BLVD, STE 150   ROSEVILLE   CA   95678

9816

  BANK OF AMERICA   192 PATTERSON PLANK ROAD   CARLSTADT   NJ   07072   (800) 432-1000   ***  

***

 

***

  89 ROUTE 17 SOUTH   EAST RUTHERFORD   NJ   07073

9817

  BANK OF AMERICA   7805 GUNN HIGHWAY   TAMPA   FL   33626   (813) 792-0342   ***  

***

 

***

  8015 CITRUS PARK DRIVE   TAMPA   FL   32828

9818

  CHASE (JPMORGAN)   4200 DEMPSTER   SKOKIE   IL   60076   (847) 674-1323   ***  

***

 

***

  9410-A SKOKIE BLVD   SKOKIE   IL   60077

9820

  BANK OF AMERICA   8320 NORTH OAK TRAFFICWAY   KANSAS CITY   MO   64155   (816) 979-4922   ***  

***

 

***

  8401 NORTH MERCIER STREET   KANSAS CITY   MO   64115

9821

  BANK OF AMERICA   3220 188TH STREET, SW   LYNNWOOD   WA   98037   (425) 744-1132   ***  

***

 

***

  19220 ALDERWOOD MALL PKWY, SUITE 130   LYNNWOOD   WA   98036

9822

  BANK OF AMERICA   500 CHESTERFIELD CENTER DRIVE   CHESTERFIELD   MO   63017   (636) 536-3670   ***  

***

 

***

  17227 CHESTERFIELD AIRPORT ROAD, SPACE 203   CHESTERFIELD   MO   63005

9823

  BANK OF AMERICA   1704 NM HWY 528   ALBUQUERQUE   NM   87111   (505) 282-4102   ***  

***

 

***

  10260 COORS BYPASS NW, SUITE B   ALBUQUERQUE   NM   87114

9826

  BANK OF AMERICA   3010 ST HWY 35   HAZLET   NJ   07730   (800) 432-1000   ***  

***

 

***

  2872 HIGHWAY 35 SOUTH   HAZLET   NJ   07730


Exhibit 7.1

DDA’s

 

 

STORE
NO.

 

BANK NAME

 

BANK
ADDRESS

 

CITY

 

ST

 

ZIP

 

TELEPHONE

 

ACCOUNT #

 

ACH
ROUTING #

 

DEP.
ROUTING #

 

STORE ADDRESS

 

CITY

 

ST

 

ZIP

9828

  BANK OF AMERICA   27489 YNEZ ROAD   TEMECULA   CA   92591   (951) 676-4114   ***  

***

 

***

  40620 WINCHESTER ROAD, SUITE A   TEMECULA   CA   92591

9829

  CITIZENS BANK   1 NORTH MAIN STREET   GREENSBURG   PA   15601   724-832-5900   ***  

***

 

***

  WESTMORELAND MALL, 998 EAST PITTSBURGH STREET, SUITE A   GREENSBURG   PA   15601

9831

  BANK OF AMERICA   728 MASSABESIC STREET   MANCHESTER   NH   03103   (800) 432-1000   ***  

***

 

***

  TJ MAXX PLAZA, 18 MARCH AVENUE   MANCHESTER   NH   03103

9832

  CHASE (JPMORGAN)   320 NORTH NEW ROAD   WACO   TX   76710   (254) 776-9500   ***  

***

 

***

  2448 WEST LOOP 340   WACO   TX   76711

9833

  BANK OF AMERICA   201 EAST 11TH AVENUE   EUGENE   OR   97401   (541) 342-5810   ***  

***

 

***

  1125-A VALLEY RIVER DRIVE   EUGENE   OR   97401

9834

  BANK OF AMERICA   5038 WEST AVENUE NORTH   PALMDALE   CA   93551   (661) 943-8927   ***  

***

 

***

  AMARGOSA COMMONS, 39445 TENTH STREET WEST, SUITE E   PALMDALE   CA   93551

9835

  BANK OF AMERICA   749 MAIN STREET   HYANNIS   MA   02601   (800) 432-1000   ***  

***

 

***

  CAPETOWN PLAZA, 790 LYANNOUGH ROAD, SUITE 22A   HYANNIS   MA   02601

9840

  CHASE BANK   3783 VETERANS BLVD   METAIRIE   LA   70002   (504) 455-9728   ***  

***

 

***

  3750 VETERANS MEMORIAL BLVD   METAIRIE   LA   70002

9841

  BANK OF AMERICA   1601 EAST OAKLAND PARK BLVD   OAKLAND PARK   FL   33334   (954) 568-4392   ***  

***

 

***

  2365 NE 26TH ST WALGREENS PLZ   FT. LAUDERDALE   FL   33305

9842

  US BANK   10990 DOWNEY AVE   DOWNEY   CA   90241   (562) 923-9891   ***  

***

 

***

  12136 LAKEWOOD BLVD   DOWNEY   CA   90242

9843

  US BANK   151 ANDOVER PARK E   SEATTLE   WA   98188   (206) 431-2580   ***  

***

 

***

  17401 SOUTH CENTER PARKWAY, SUITE 141   TUKWILA   WA   98188

9844

  BANK OF AMERICA   700 ALAFAYA TRAIL   ORLANDO   FL   32828   (407) 381-3980   ***  

***

 

***

  464 N. ALAFAYA TRAIL, SUITE 109   ORLANDO   FL   32828

9845

  BANK OF AMERICA   433 BOSTON POST ROAD   PORT CHESTER   NY   10573   (914) 934-1076   ***  

***

 

***

  501-503 BOSTON POST ROAD   PORT CHESTER   NY   10573

9846

  CHASE (JPMORGAN)   12 LLOYDS LANE   MIDDLETOWN   NY   10940   (845) 342-3310   ***  

***

 

***

  444 ROUTE 211 EAST, SUITE # 3   MIDDLETOWN   NY   10940

9847

  CHASE (JPMORGAN)   2335 NEW HYDE PARK RD   NEW HIDE PARK   NY   11042   (516) 355-2670   ***  

***

 

***

  LAKE SUCCESS SHOPPING CENTER 1444 UNION TURNPIKE   NEW HYDE PARK   NY   11040

9848

  CHASE (JPMORGAN)   27901 PLYMOUTH RD   LIVONIA   MI   48150   (734) 522-6350   ***  

***

 

***

  WONDERLAND VILLAGE 29611 PLYMOUTH ROAD   LIVONIA   MI   48150

9849

  BANK OF AMERICA   8258 WEST BELL ROAD   GLENDALE   AZ   85308   (623) 487-5864   ***  

***

 

***

  8110 WEST BELL ROAD   GLENDALE   AZ   85308

9850

  US BANK   12000 SE 82nd AVE, SUITE 2001   PORTLAND   OR   97266   (503) 275-7211   ***  

***

 

***

  CLACKAMAS PROMENADE 8862 S.E. SUNNYSIDE ROAD   CLACKAMAS   OR   97015

9851

  BANK OF AMERICA   7387 DAY CREEK BLVD   RANCHO CUCAMONGA   CA   91739   (909) 803-2724   ***  

***

 

***

  VICTORIA CROSSROADS 12455 VICTORIA GARDENS LANE, SUITE #170   RANCHO CUCAMONGA   CA   91739

9852

  CHASE (JPMORGAN)   800 BROWN ROAD   AUBURN HILLS   MI   48326   (248) 393-1276   ***  

***

 

***

  SHOPS AT THE CROSSINGS 4175 BALDWIN ROAD, SPACE #9   AUBURN HILLS   MI   48326

9854

  BANK OF AMERICA   4080 SPRING MOUNTAIN RD   LAS VEGAS   NV   89102   (702) 654-5050   ***  

***

 

***

  4615 WEST FLAMINGO ROAD   LAS VEGAS   NV   89103

9855

  CHASE (JPMORGAN)   2910 WASHINGTON BLVD   OGDEN   UT   84401   (801) 621-7266   ***  

***

 

***

  4001 RIVERDALE ROAD # A   OGDEN   UT   84405

9856

  CHASE (JPMORGAN)   FASHION PLACE 6255 S STATE   MURRAY   UT   84107   (801) 481-5070   ***  

***

 

***

  6170 SOUTH STATE STREET   MURRAY   UT   84107

9857

  CHASE (JPMORGAN)   1115 S 800 E   OREM   UT   84097   (801) 224-4500   ***  

***

 

***

  1754 SOUTH STATE STREET   OREM   UT   84097

9858

  US BANK   7230 FAIRVIEW AVE   BOISE   ID   83704   (208) 373-8950   ***  

***

 

***

  7615 FAIRVIEW AVENUE   BOISE   ID   83704

9859

  US BANK   920 S 29th St W   BILLINGS   MT   59102   (406) 651-1060   ***  

***

 

***

  585 SOUTH 24 WEST   BILLINGS   MT   59102

9860

  BANK OF AMERICA   1845 EAST GUADALUPE RD   GILBERT   AZ   85234   (480) 539-5004   ***  

***

 

***

  2285 EAST BASELINE RD   GILBERT   AZ   85234

9861

  BANK OF AMERICA   12816 EAST SPRAGUE AVE   SPOKANE   WA   99216   (509) 353-6030   ***  

***

 

***

  14115 EAST SPRAGUE AVE   SPOKANE   WA   99216

9862

  CHASE (JPMORGAN)   292 PEQUOT AVE   SOUTHPORT   CT   6490   (203) 227-0010   ***  

***

 

***

  1505 POST ROAD EAST   WESTPORT   CT   06880

460

                         

 

*** Represents text omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.


Exhibit 7.1

DDA’s

 

ROCHESTER STORES

 

STORE
NO.

 

BANK NAME

 

BANK ADDRESS

 

CITY

 

ST

 

ZIP

 

TELEPHONE

 

ACCOUNT #

 

ACH
ROUTING #

 

DEP.
ROUTING #

 

STORE
ADDRESS

 

CITY

 

ST

 

ZIP

5000

  BANK OF AMERICA   33 NEW MONTGOMERY STREET   SAN FRANCISCO   CA   94103   415-624-0791   ***  

***

 

***

  700 MISSION STREET   SAN FRANCISCO   CA   94103

5008

  BANK OF AMERICA   460 NORTH BEVERLY HILLS DRIVE   BEVERLY HILLS   CA   90212   310-777-2746   ***  

***

 

***

  9737 WILLSHIRE BLVD., SUITE 100 - E   BEVERLY HILLS   CA   90212

5011

  BANK OF AMERICA   601 NORTH DEARBORN STREET   CHICAGO   IL   60611   312-274-9450   ***  

***

 

***

  840 NORTH MICHIGAN AVENUE   CHICAGO   IL   60611

5012

  FLEET/BANK OF AMERICA   210 BERKLEY STREET   BOSTON   MA   02116   617-859-8011   ***  

***

 

***

  399 BOYLSTON STREET   BOSTON   MA   02116

5013

  JP MORGAN CHASE BANK   1251 AVENUE OF THE AMERICAS   NEW YORK   NY   10019     ***  

***

 

***

  1301 AVENUE OF THE AMERICAS   NEW YORK   NY   10019

5014

  BANK OF AMERICA   11868 PRESTON ROAD   DALLAS   TX   75230   972-448-2750   ***  

***

 

***

  11661 PRESTON ROAD, SUITE 101   DALLAS   TX   75230

5015

  BANK OF AMERICA   3116 PEACHTREE ROAD, NE   ATLANTA   GA   30305   404-262-6340   ***  

***

 

***

  3157 PEACHTREE ROAD, NE   ATLANTA   GA   30305

5016

  BANK OF AMERICA   1801 K STREET, NW   WASHINGTON   DC   20036   202-624-5110   ***  

***

 

***

  1101 CONNECTICUT AVENUE   WASHINGTON   DC   20036

5018

  BARCLAYS BLANK PLC   54 LOMBARD STREET   LONDON, ENGLAND       44-121-333-7722   ***   ***   ***   90 BROMPTON ROAD   LONDON, ENGLAND    

5022

  BANK OF AMERICA   675 ANTON BLVD.   COSTA MESA   CA   92626   714-850-6510   ***  

***

 

***

  901-H SOUTH COAST DRIVE   COSTA MESA   CA   92626

5025

  BANK OF AMERICA   19645 BISCAYNE BLVD.   AVENTURA   FL   33160   305-466-0436   ***  

***

 

***

  BISCAYNE (US 1) & NE 187TH STREET   AVENTURA   FL   33160

5028

  BANK OF AMERICA   500 OLIVE WAY   SEATTLE   WA   98101   206-358-1351   ***  

***

 

***

  1801 5TH AVENUE   SEATTLE   WA   98101

5029

  BANK OF AMERICA   240 PLANDOME ROAD   MANHASSET   NY   11030   800-841-4000   ***  

***

 

***

  1625 NORTHERN BOULEVARD   MANHASSET   NY   11030

5033

  BANK OF AMERICA   236 WEST DEKALB PIKE   KING OF PRUSSIA   PA   19406     ***  

***

 

***

  150 ALENDALE ROAD BUILDING 1, 2ND FLOOR   KING OF PRUSSIA   NJ   19406

5101

  BANK OF AMERICA   1330 NORTH MAIN STREET   WALNUT CREEK   CA   94596   925-296-5931   ***  

***

 

***

  1337 NORTH MAIN STREET   WALNUT CREEK   CA   94596

5103

  BANK OF AMERICA   2000 WEST GLADES ROAD   BOCA RATON   FL   33431   561-447-8767   ***  

***

 

***

  2301 GLADES ROAD, BAY 700   BOCA RATON   FL   33431

5299

  BANK OF AMERICA     CANTON   MA   02021     ***  

***

 

***

  CATALOG ACCOUNT   CANTON   MA   02021

5401

  JP MORGAN CHASE BANK   475 ROUTE 17M   MONROE   NY   10917   845-783-8789   ***  

***

 

***

  202 RED APPLE COURT   CENTRAL VALLEY   NY   10917

18

                         

 

*** Represents text omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.


Exhibit 7.2

Credit Card Arrangements

Merchant Services Bankcard Agreement, by and among Casual Male Retail Group, Inc.(“Casual Male”), The Chase Manhattan Bank and Chase Merchant Services, L.L.C.

The Casual Male entities operate under credit card arrangements with Chase Merchant Services, L.L.C. as follows:

 

   

Visa

 

   

MasterCard

 

   

American Express

 

   

Discover

Merchant Services Bankcard Agreement, by and among Casual Male and HSBC Bank Nevada, N.A. (“HSBC”).

Casual Male entities operate under credit card arrangements with HSBC with respect to a Private Label Credit Card for its Casual Male XL stores and Rochester Big & Tall stores.


EXHIBIT 16.1

 

 

ASSIGNMENT AND ACCEPTANCE

 

Dated:                

Effective Date:                

 

Re: Sixth Amended and Restated Loan and Security Agreement dated             , 2010 (as amended, modified, supplemented or restated and in effect from time to time, the “Loan Agreement”) between Bank of America, N.A., as Collateral Agent and Administrative Agent for the Revolving Credit Lenders, and the Revolving Credit Lenders, on the one hand, and Casual Male Retail Group, Inc., as Borrowers’ Representative for itself and the other Borrowers from time to time party thereto and as a Borrower, and each of the other Borrowers from time to time party thereto, on the other hand. (Terms used herein which are defined in the Loan Agreement have the same meaning herein as in the Loan Agreement).

Agreement By and Between:

                                  (The “Assignor”) and

                                  (The “Assignee”)

 

Wire Address for Assignee:

 

 

     
 

 

     
  ABA #:    

 

     
  Account #:    

 

     
  Attn:    

 

     

Notice Address for Assignee:

           
 

 

     
 

 

     
 

 

     
  Attn:  

 

     
  Fax:  

 

     

1. ASSIGNMENT AND ACCEPTANCE: The Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, as of the Effective Date (as hereinafter defined), the following portion (the “Assigned Commitment”) of the Assignor’s interest in the Revolving Credit Facility:

Revolving Credit Percentage Commitment:             %

Revolving Credit Dollar Commitment: $            


2. EFFECTIVE DATE: For purposes of this Assignment and Acceptance, the “Effective Date” is that date endorsed above by the Administrative Agent (which may be up to five (5) Business Days after the last to occur of: (a) the execution of this Assignment and Acceptance by the Assignor and the Assignee; (b) the assent of the Administrative Agent; (c) the obtaining of any other consent required by the Loan Agreement; and (d) the payment of any requisite processing fee.

3. REPRESENTATIONS BY ASSIGNOR: The Assignor represents that, as of the Effective Date:

(a) The Assignor is the legal and beneficial owner of the interest being assigned hereby free and clear of any liens and Encumbrances.

(b) The principal balance due to the Assignor on account of the Revolving Credit Note held by the Assignor is $            .

4. EXCLUSION OF WARRANTIES BY ASSIGNOR: The Assignor:

(a) Makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with any Loan Document or the execution, legality, validity, enforceability, genuineness, sufficiency or value of any Loan Document or any other instrument or document furnished pursuant thereto or hereto.

(b) Makes no representation or warranty and assumes no responsibility with respect to the financial condition of any Borrower or any other Person primarily or secondarily liable in respect of any of the Liabilities, or the performance or observance by the Borrowers’ Representative or any Borrower or any other Person primarily or secondarily liable in respect of any of the Liabilities of any of their obligations under any Loan Documents or any other instrument or document furnished pursuant hereto or thereto.

(c) Attaches the Revolving Credit Note of which the Assignor is the holder and requests that the Administrative Agent cause the Borrowers’ exchange of such Revolving Credit Note for a new Revolving Credit Note payable to the Assignor and the Assignee reflecting the assignment referenced above.

5. ASSIGNEES REPRESENTATIONS, WARRANTIES AND AGREEMENTS: The Assignee:

(a) Confirms that it has received a copy of the Loan Agreement (and any amendment thereto), the most recent financial statements then to have been delivered pursuant to the Loan Agreement, and such other documents and information as the Assignee has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance.

 

2


(b) Confirms and represents that, independently and without reliance upon the Assignor, the Administrative Agent, or any other Revolving Credit Lender and based on such documents and information as the Assignee deems appropriate, has made such Person’s own credit decision to join in the credit facility contemplated by the Loan Documents and to become a “Revolving Credit Lender”.

(c) Confirms and represents that the Assignee will continue to make such Person’s own credit decisions in taking or not taking action under the Loan Agreement and other Loan Documents independently and without reliance upon the Assignor, the Administrative Agent or any other Revolving Credit Lender and based on such documents and information as the Assignee shall deem appropriate at the time.

(d) Appoints and authorizes the Agent to take such action on behalf of the Assignee and to exercise such powers under the Loan Documents as are delegated to the Agent by the terms hereof or thereof, together with such powers as are reasonably incidental thereto.

(e) Agrees that the Assignee will perform, in accordance with their terms, all of the obligations which, by the terms of the Loan Agreement and all other Loan Documents are required to be performed by it as a “Revolving Credit Lender” as if the Assignee had been a signatory thereto and to any amendments thereof.

(f) Represents and warrants that it is legally authorized to enter into this Assignment and Acceptance and to perform its obligations hereunder, under the Loan Agreement and under the Loan Documents.

6. EFFECT OF ASSIGNMENT AND ACCEPTANCE: Following delivery, acceptance and recording by the Administrative Agent of this Assignment and Acceptance, from and after the Effective Date:

(a) The Assignee shall be a party to the Loan Agreement and the other Loan Documents (and any amendments thereto) and to the extent of the Assigned Commitment, have the rights and obligations of a Revolving Credit Lender thereunder.

(b) The Assignor shall be released from the Assignee’s obligations under the Loan Agreement and the other Loan Documents to the extent of the Assigned Commitment.

(c) The Administrative Agent shall make all payments in respect of the interest in the Revolving Credit Loans assigned hereby (including payments of principal, interest, and applicable fees) to the Assignee.

(d) The Assignor and Assignee shall make all appropriate adjustments in payments for periods prior to the Effective Date by the Administrative Agent or with respect to the making of this assignment directly between themselves.

 

3


7. MASSACHUSETTS LAW: This Assignment and Acceptance shall be governed by, and construed in accordance with, the laws of The Commonwealth of Massachusetts (without giving effect to the conflicts of laws principles thereof).

[Signature Page Follows]

 

4


IN WITNESS WHEREOF, intending to be legally bound, each of the undersigned has caused this Assignment and Acceptance to be executed on its behalf by its officer thereunto duly authorized, as of the date first above written.

 

ASSIGNOR       ASSIGNEE
By:  

 

    By:  

 

Name:  

 

    Name:  

 

Title:  

 

    Title:  

 

 

CONSENT

 

The Administrative Agent hereby approves the foregoing assignment.

 

BANK OF AMERICA, N.A.

Administrative Agent

 

     

By:

 

 

     

Name:

 

 

     

Title:

 

 

 

5


Acknowledged and, to the extent required under the Loan Agreement, consented to, this              day of             ,         .

 

CASUAL MALE RETAIL GROUP, INC.,
as Borrowers’ Representative
By  

 

Name:   Dennis R. Hernreich
Title:   Executive Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer and Secretary

 

6