Senior Secured Credit Agreement between Standard Management Corporation and The CIT Group/Equipment Financing, Inc. (November 13, 2003)
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Summary
This agreement is between Standard Management Corporation (the borrower) and The CIT Group/Equipment Financing, Inc. (the lender). It sets the terms for a senior secured credit facility, including a revolving credit line and a term loan. The agreement outlines the borrower's obligations, such as repayment terms, permitted uses of funds, and financial covenants. It also details events of default, remedies, and other standard provisions. The agreement is effective as of November 13, 2003, and is governed by specific conditions and representations made by the borrower.
EX-10.1 3 g86040exv10w1.txt EX-10.1 SENIOR SECURED CREDIT AGREEMENT EXHIBIT 10.1 CREDIT AGREEMENT Dated as of November 13, 2003 between STANDARD MANAGEMENT CORPORATION as Borrower and THE CIT GROUP/EQUIPMENT FINANCING, INC. as Lender
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