Document:

Amendment to Forbearance Agreement

 Exhibit 10.8 
  

			
	 [LETTERHEAD OF MERRILL LYNCH]

  
  
 March 11, 2005 
  
 Dreams Products, Inc. 
 2 South University Drive 
 Suite 325 
  
 Re: Amendment to Loan Documents 
  
 Ladies & Gentlemen: 
  
 This Letter Agreement will serve to confirm certain agreements of Merrill Lynch Business Financial Services Inc. (“MLBFS”), Dreams Products, Inc.
(“Customer”), Dreams, Inc. (“Dreams”), and Dreams Franchise Corporation (“Franchise”) with respect to: (i) that certain FORBEARANCE AGREEMENT dated as of December 30, 2004 between MLBFS on the one hand, and
Customer, Dreams and Franchise (collectively, Customer, Dreams and Franchise, the “Obligors” or the “Parties”) on the other hand (including any previous amendments and extensions thereof), and (ii) all other agreements between
MLBFS and Obligors including without limitation the Loan Documents. Capitalized terms used herein and not defined herein shall have the meaning set forth in the Forbearance Agreement, or if not defined in the Forbearance Agreement, the Loan
Documents. 
  
 Subject to the last sentence of this Letter Agreement, effective as
of today, the Loan Documents are hereby amended as follows: 
  
 (a) Section
4(e)(i) of the Forbearance Agreement is hereby amended and restated in its entirety as follows: The term “Maximum WCMA Line of Credit” shall mean, (i) as of the Effective Date (as hereinafter defined) through and including the calendar day
immediately preceding the “Change Date” (as hereinafter defined), $4,500,000.00 and (iii) effective the Change Date through April 29, 2005, $3,500,000.00. For purposes hereof, the term “Change Date” shall mean the earlier to
occur of (a) the date of the closing of any transaction involving the sale of $2,200,000.00, or any other sum, in equity by the Customer or any Obligor through a “rights offering” or any other equity offering consummated by Customer or any
Obligor (the “Rights Offering”), or (b) April 15, 2005. CUSTOMER AGREES THAT IT WILL, WITHOUT DEMAND, INVOICING OR THE REQUEST OF MLBFS, FROM TIME TO TIME MAKE SUFFICIENT PAYMENTS ON ACCOUNT OF THE WCMA LOAN BALANCE TO ASSURE THAT THE
WCMA LOAN BALANCE WILL NOT AT ANY TIME EXCEED THE MAXIMUM WCMA LINE OF CREDIT, AS REDUCED EACH MONTH PURSUANT TO THIS SECTION IN THE AMOUNTS SPECIFIED IN THIS SECTION. 
  
 (b) Obligors hereby agree to pay to MLBFS, the sum of $50,000.00 (“Exit Fee”) if the Obligations under the Forbearance Agreement
and Loan Documents are not fully repaid by April 29, 2005. The Exit Fee shall be in addition to all other charges under the Forbearance Agreement and Loan Documents, and shall become a WCMA Loan, due immediately and added to the WCMA Loan Balance in
the same manner as provided for accrued interest with respect to the WCMA Line of Credit. 

 By their execution of this Letter Agreement, the Obligors hereby consent to the foregoing modifications to the
Forbearance Agreement, and hereby agree that except as expressly amended hereby, the Forbearance Agreement and Loan Documents shall continue in full force and effect upon all of their terms and conditions. 
  
 Obligors acknowledge, warrant and agree, as a primary inducement to MLBFS to enter into this
Agreement, that: (a) no Default or Event of Default has occurred and is continuing under the Forbearance Agreement or Loan Documents, other than the Defaults or Events of Defaults referenced in the Forbearance Agreement; (b) each of the warranties
of Obligors in the Forbearance Agreement and Loan Documents are true and correct as of the date hereof and shall be deemed remade as of the date hereof; (c) no Obligor has any claim against MLBFS or any of its affiliates arising out of or in
connection with the Forbearance Agreement or Loan Documents or any other matter whatsoever; and (d) no Obligor has any defense to payment of any amounts owing, or any right of counterclaim for any reason under, the Forbearance Agreement or Loan
Documents. 
  
 Notwithstanding the foregoing, if each Obligor does not execute and
return the duplicate copy of this Letter Agreement to MLBFS by 5PM CST March 11, 2005, then all of said amendments and agreements will, at the sole option of MLBFS, be void. 
  
 Very truly yours, 
  

			
	Merrill Lynch Business Financial Services Inc.
		
	By:	 	 
	 	 	 Bill Kocolowski
 Vice President

  

			
	 Agreed and Accepted:
  
 Dreams Products, Inc.

		
	By:	 	 

			
	 Printed Name:
	 	 

			
	 Title:
	 	 

  

			
	Dreams, Inc.
		
	By:	 	 

			
	 Printed Name:
	 	 

			
	 Title:
	 	 

			
	Dreams Franchise Corporation
		
	By:	 	 

			
	 Printed Name:
	 	 

			
	 Title:Credit Facility Agreement

 Exhibit 4.7 
  

CREDIT FACILITY AGREEMENT 
  
 This credit facility agreement (“Agreement”) dated as of February 14, 2005, is executed by and between Gas Transmission Northwest Corporation, incorporated
under the laws of the State of California (“Borrower”) and TransCanada PipeLine USA Ltd., incorporated under the laws of the State of Nevada (“Lender”). 
  
 RECITALS 
  

	A.	Whereas, Borrower has applied to Lender for a revolving credit facility through which the Borrower may request advances of funds from time to time for capital expenditures, working
capital and for general corporate purposes of the Borrower; and 

  

	B.	Whereas Lender is willing to make such a credit facility available on the terms described in this Agreement; 

  
 Now, therefore, in consideration of the mutual covenants and agreements contained herein, the
parties hereto agree as follows: 
  
 1. The Credit Facility

  

	1.1.	Drawdowns. Subject to the terms and conditions of this Agreement, Lender shall make advances for funds (in each case, a “Drawdown”) to the Borrower from time to
time in amounts not to exceed in the aggregate at any one time outstanding U.S.$40,000,000. Lender shall maintain on its records a running account (an “Account”) evidencing all of the Borrower’s liability to Lender in respect of all
Drawdowns made by Lender to the Borrower pursuant to this Agreement, and all interest outstanding by the Borrower to Lender hereunder. Lender shall record the amount of all Drawdowns made by Lender to the Borrower and interest payable by the
Borrower hereunder, the repayment of principal and the payment of interest paid by the Borrower to Lender pursuant to this Agreement. Lender’s records shall constitute, in the absence of manifest error, prima facie evidence of the
indebtedness of the Borrower to Lender pursuant to this Agreement. The Lender shall maintain a schedule of Drawdowns and repayments of principal substantially in accordance with the form attached to this Agreement as Annex I.

  

	1.2.	Standby Fee. The Borrower shall pay to the Lender a standby fee calculated on the last business day of each quarter by multiplying the then-undrawn amount under this
Agreement by 0.1 percent (the “Standby Fee”) and dividing the standby fee by 4 (the “Quarterly Fee”). In the event that this Agreement is in effect for a portion of a calendar quarter, the Quarterly Fee shall be pro rated to
reflect that portion of the quarter in which the agreement was in effect. The Quarterly Fee shall be paid no later than three (3) business days after each calendar quarter, in arrears. 

 Credit Facility 
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	1.3.	Interest. The principal amount remaining from time to time unpaid and outstanding shall bear interest, both before and after the occurrence of an Event of Default (as defined
herein) and before and after judgment to the date of the repayment in full of the principal amount, at the US Prime Rate. “US Prime Rate” is hereby defined to mean the per annum rate of interest announced from time to time and appearing on
the display referred to as the “USPRIME” (or any display substituted therefor) of Reuters (or if not available, any successor or similar services as may be selected by the Lender). Interest at such rate shall accrue daily and be calculated
on the basis of the actual number of days elapsed in a year divided by 365 or 366 days based on the actual number of days in the year for which such interest is determined, and shall be payable (a) monthly, in arrears, on the last business day of
each month, commencing January 31, 2005; and (b) in the event of any repayment of principal, concurrently with such repayment. Overdue interest shall bear penalty interest at a rate per annum equal to the US Prime Rate plus a margin of 200 basis
points. A change in the US Prime Rate shall cause a simultaneous corresponding change in the interest rate payable hereunder. 

  

	1.4.	Repayment. The Borrower may increase or decrease the amount outstanding under this Agreement by making Drawdowns, repayments and further Drawdowns. The Borrower may repay the
whole or any portion of the principal amount of Drawdowns remaining unpaid and outstanding at any time or times without penalty. The Borrower shall give the Lender advance notice of any such repayment at least two business days prior to the date of
repayment. 

  

	1.5.	Use of Proceeds. The Borrower shall use the proceeds of the funds advanced under this Agreement for capital expenditures, working capital and for general corporate purposes.

  

	1.6.	Mandatory Repayment on Demand. Notwithstanding any other provision of this Agreement, the Borrower shall repay the Lender the principal of all loans outstanding under
this Agreement and shall pay to the Lender the accrued and unpaid interest and all other amounts under or with respect to this Agreement within 30 days following demand for payment by the Lender. Nothing whatsoever in this Agreement shall derogate
from, limit or alter the demand nature of this credit facility and the obligations, liabilities and indebtedness hereunder. 

  

	1.7.	Termination. The Borrower may terminate this Agreement upon 30 days written notice to the Lender, provided, however, that in order for such termination by the Borrower to be
effective, all outstanding principal, accrued and unpaid interest and all other amounts under or in respect of this Agreement shall be paid to the Lender on or prior to the termination date specified in such written notice provided to the Lender.

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	2.	Representations And Warranties. Borrower represents and covenants the following, each to its knowledge: 

  

	2.1.	Duly Organized. Borrower is a corporation incorporated under the laws of the State of California, in good standing with the power to enter into this Agreement and to borrow
hereunder. 

  

	2.2.	Duly Authorized. The making and performance by Borrower of this Agreement has been duly authorized by all necessary officers, directors and individuals and will not violate
any law, rule, regulation, order, writ, judgment, decree, determination or award presently in effect having applicability to Borrower, or result in a breach of or constitute a default under any indenture or bank loan or credit agreement or any other
agreement or instrument to which Borrower is a party or by which it or its property may be bound or affected. 

  

	2.3.	Legally Binding Instruments. When this Agreement is executed by Borrower and Lender, it shall constitute the legal, valid, and binding obligation of Borrower, in accordance
with its terms, subject to its enforceability to limitations imposed by bankruptcy, insolvency, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally, and to the general principles of equity.

  

	2.4.	No Legal Suits. There are no legal actions, suits, or proceedings pending, or to the knowledge of Borrower, threatened against Borrower before any court or administrative
agency which, if determined adversely to Borrower, would have a material adverse effect on the financial condition or business of Borrower. 

  

	2.5.	No Legal Authorization Needed. Except as provided for in Sections 3.2 and 3.3 no authorization, consent or approval or any formal exemption of any governmental body,
regulatory authority (federal, state or local) or mortgagee, creditor or third party is or was necessary to the valid execution and delivery by Borrower of this Agreement. 

  

	2.6.	Not in Default. Borrower is not in default of any obligation, covenant, or condition contained in any bond, debenture, note or other evidence of indebtedness or any mortgage
or collateral instrument securing the same. 

  

	2.7.	Taxes are Paid. Borrower has filed all tax returns which are required and has paid or made provision for the payment of all taxes which have or may become due pursuant to
said returns or pursuant to any assessments received by them. 

  

	3.	Conditions of Lending. The obligation of Lender to advance funds under this Agreement shall be subject to fulfillment at Closing of each of the following conditions:

  

	3.1.	Execution and Delivery of Agreement. Borrower shall have executed and delivered to Lender this Agreement in a form satisfactory to Lender. 

 Credit Facility 
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	3.2.	Governmental Approval. Borrower shall have secured all the necessary approvals or consents, if required, of federal or state governmental bodies having jurisdiction with
respect to the Agreement. 

  

	3.3.	Approval of Others. Borrower shall have secured all necessary approvals or consents required with respect to this transaction by any mortgagee, creditor or other party having
any financial interest in Borrower. 

  

	4.	Affirmative Covenants of the Borrower. Borrower shall comply with the following covenants from the date hereof until Lender has been fully repaid with interest, unless
Lender or its assigns otherwise consent in writing: 

  

	4.1.	Payment. Borrower shall pay punctually the principal and interest when due. 

  

	4.2.	Payment of Other Indebtedness. Borrower shall pay punctually the principal and interest due on any other indebtedness now or hereafter owing by Borrower to Lender or any
other lender. 

  

	4.3.	Maintain and Insure Property. Borrower shall at all times maintain and insure its property according to standards in its industry. 

  

	4.4.	Pay All Taxes. Borrower shall duly pay and discharge all applicable federal and state taxes, assessments and governmental charges upon it or against its properties prior to
the date on which the penalties attach thereto, except that Borrower shall not be required to pay any such tax, assessment or governmental charge which is being contested by it in good faith and by appropriate proceedings. 

 

	4.5.	Maintain Existence. Borrower shall maintain its corporate status in the State of California or in any state in which it may subsequently continue and to qualify and remain
qualified as such in each jurisdiction in which its present or future operations or its ownership of property require such qualification. 

  

	4.6.	Provide Financial Information. Borrower shall furnish to Lender as soon as available after its financial year end, a copy of Borrower’s annual financial statements,
which statements may be unaudited. Borrower shall maintain adequate records and books of account, in which complete entries shall be made reflecting all of its business and financial transactions, such entries to be made in accordance with
applicable generally accepted accounting principles consistently applied. Lender shall have the right to conduct an audit of the books and records of Borrower upon reasonable notice and without cost to Borrower. Borrower shall provide such
information and to execute and deliver any and all additional documents and instruments as may be reasonably requested by Lender, its assigns or legal counsel. 

 Credit Facility 
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	4.7.	Null and Void Covenants. Borrower acknowledges that if any provision of this Agreement or the application thereof to any person or circumstances is declared null and void,
invalid, or held for any reason to be unenforceable by a court of competent jurisdiction, the remainder of such Agreement shall nevertheless remain in full force and effect, and to this end, the provisions of all covenants, conditions, and
agreements described herein are deemed separate. 

  

	4.8.	Notice of Default. Borrower shall give written notice to Lender of any event within fifteen days of the event which constitutes an Event of Default under this Agreement or
that would, with notice or lapse of time or both, constitute an Event of Default under this Agreement. 

  

	4.9.	Indemnification. Borrower shall indemnify and save Lender or its assigns harmless against any and all liability with respect to, or resulting from, any delay in discharging
any obligation of Borrower. 

  

	4.10.	Expenses of Collection or Enforcement. Borrower shall, if at any time Borrower defaults on any provision of this Agreement, pay to Lender or its assigns, in addition to any
other amounts that may be due from Borrower, an amount equal to the costs and expenses of collection, enforcement or correction or waiver of the default incurred by Lender or its assigns in such collection, enforcement, correction or waiver of
default. 

  

	5.	Negative Covenants of the Borrower. Borrower covenants that, from the date hereof until payment in full of the obligations under this Agreement, unless Lender or its
assigns otherwise consent in writing, it shall not enter into any agreement or other commitment the performance of which would constitute a breach of any of the covenants contained in this Agreement including, but not limited to, the following:

  

	5.1.	Change of Ownership. The principals of Borrower shall not permit without the written permission of Lender any change in the ownership structure of Borrower including: a
merger into or consolidation with any other person, firm or corporation other than with or into a direct or indirect subsidiary of TransCanada PipeLines Limited; a fundamental change in the nature of its business as carried on at the date hereof; or
a substantial distribution, liquidation or other large-scale disposal of Borrower’s assets. 

  

	5.2.	Negative Pledge. The Borrower shall not mortgage, hypothecate, charge, pledge or otherwise encumber any of its assets to secure any obligation unless at the same time all the
indebtedness and liabilities of the Borrower to the Lender shall be secured equally and ratably with such obligation, provided that this section 5.3 shall not operate to prevent Permitted Encumbrances as defined in Annex II to this Agreement.

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	6.	Events of Default. The entire unpaid principal and the interest then accrued, shall become and be immediately due and payable upon the written demand of Lender or its
assigns, without any other notice or demand of any kind or any presentment or protest, if any one of the events listed below (each an “Event of Default”) occurs and continues at the time of such demand, whether voluntarily or
involuntarily, or without limitation, occurring or brought about by operation of law or pursuant to or in compliance with any judgment, decree or order of any court or any order, rules, regulations of any administrative or governmental body,
provided, however, that such sum shall not be then payable if Borrower’s payments have been waived in writing, or the time for making Borrower’s payments has been extended by Lender or if the Lender, at its discretion and with notice to
Borrower, allows Borrower 90 days to remedy the default: 

  

	6.1.	Non-Payment. If Borrower fails to make payment when due of any principal or interest and if the default remains unremedied for sixty days. 

  

	6.2.	Incorrect Representation or Warranty. If any representation or warranty contained in this Agreement proves to have been incorrect when made in any material respect.

  

	6.3.	Default in Covenants. If Borrower defaults in the performance of any other term or covenant contained in this Agreement, and such default continues unremedied for sixty days
after either: (i) it becomes known to an officer of Borrower; or (ii) written notice thereof is given to Borrower by Lender. 

  

	6.4.	Voluntary Insolvency. If Borrower becomes insolvent or ceases to pay its debts as they mature or voluntarily files a petition in bankruptcy or a petition seeking
reorganization, or the appointment of a receiver, trustee, or liquidator for it or a substantial portion of its assets or to effect a plan or other arrangement with creditors, or is adjudicated bankrupt, or makes a voluntary assignment for the
benefit of creditors. 

  

	6.5.	Involuntary Insolvency. If any involuntary petition is filed against Borrower under any bankruptcy, insolvency or similar law seeking the reorganization of or the appointment
of any receiver, trustee or liquidator for Borrower, or of a substantial part of the property of Borrower, or a writ or warrant of attachment or similar process is to be issued against a substantial part of the property of Borrower, and such
petition shall not be dismissed or such writ or warrant of attachment or similar process shall not be released or bonded, within forty-five days after filing of levy. 

  

	6.6.	Judgments. If any final judgment for the payment of money that is not fully covered by liability insurance and is in excess of five million dollars is rendered against
Borrower, and within sixty days thereafter shall not be discharged, or an appeal therefrom taken and execution thereon effectively stayed pending such appeal or, if such judgment is affirmed on such appeal, and the same is not discharged within
thirty days thereafter. 

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	7.	Miscellaneous 

  

	7.1.	Waiver. No failure or delay on the part of Lender in exercising any right, power, or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or remedy hereunder. No modification or waiver of any provision of this Agreement, nor any consent to any departure
by Borrower therefrom, shall in any event be effective unless in writing and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 

  

	7.2.	Amendments. Subject to the foregoing paragraph, Borrower and Lender or its assigns hereby expressly reserve all rights to amend any provisions of this Agreement, so long as
the same is in writing and signed by both parties. 

  

	7.3.	Notices. All notices, consents, requests, demands and other communications hereunder shall be in writing (including electronic transmission, facsimile transmission or similar
writing) and shall be deemed to have been duly given and shall be effective (i) if given by facsimile transmission, at the facsimile number set forth at the end of this agreement upon confirmation of receipt; or (ii) if mailed by first class mail at
the address set forth at the end of this Agreement within five business days after such communication is deposited; or at such other addresses or facsimile numbers as either party may have designated in writing by notice sent to the other party in
accordance herewith. 

  

	7.4.	Payments. Borrower shall make payments to Lender in accordance with the terms and conditions of this Agreement. 

  

	7.5.	Survival of Representations and Warranties. All agreements, representations, and warranties made by Borrower herein or any other document or certificate delivered to Lender
in connection with the transactions contemplated by this Agreement shall survive the delivery of this Agreement, and shall continue in full force and effect so long as any amount is outstanding. 

  

	7.6.	Successors and Assigns. This Agreement shall ensure to the benefit of and shall be binding upon the maker and the payee and their respective successors and permitted assigns.

  

	7.7.	Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the
same instrument. 

  

	7.8.	Article and Section Headings. Article and section headings used in this Agreement are for convenience only and shall not affect the construction of this Agreement.

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	7.9.	Governing Law. This Agreement shall be governed by and interpreted and enforced in accordance with the laws of the State of New York and Borrower hereby irrevocably attorns
to the non-exclusive jurisdiction of the courts of New York. 

  

	7.10.	Further Assurances. All parties shall take such further or other actions, including but not limited to the execution, acknowledgement and delivery of documents as may
reasonably be necessary and/or requested by the other party for the execution, implementation and continued performance of this Agreement. 

  
 The parties hereto have each caused this Agreement to be duly executed as of the day and the year first written above. 
  

											
	TransCanada PipeLine USA Ltd.	 	Gas Transmission Northwest Corporation.
				
	 Per:
	 	 /s/ Donald R. Marchand

	 	 Per:
	 	 /s/ Max Feldman

	 	 	 Donald R. Marchand
 Treasurer
	 	 	 	 Max Feldman
 Vice - President

				
	 Per:
	 	 /s/ Lee G. Hobbs

	 	 Per:
	 	 /s/ Ron Cook

	 	 	 Lee G. Hobbs
 Controller
	 	 	 	 RON COOK
 VICE PRESIDENT - TAXATION

				
	 Address:
	 	 c/o 450 1st Street SW
 Calgary, Alberta
 Canada T2P 5H1
	 	 Address:
	 	 1400 SW Fifth Avenue
 Suite 900 Portland Oregon
 97201 United States

				
	 Fax:
	 	 403.920.2358
	 	 Fax:
	 	 503.402.4004

  
  

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 ANNEX I 
  
 SCHEDULE OF DRAWDOWNS AND PAYMENTS OF PRINCIPAL 
 TO 
 CREDIT FACILITY AGREEMENT BETWEEN 
 TRANSCANADA PIPELINE USA LTD. AND 
 GAS TRANSMISSION NORTHWEST CORPORATION. 

DATED FEBRUARY 14, 2005 
  

							
	 Date

	 	 Principal
 Amount of
 Drawdown

	 	 Principal
 Amount
 Paid

	  	 Unpaid
 Balance

 Credit Facility 
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 ANNEX II 
  
 “Permitted Encumbrances” means: 
  

	i)	liens for taxes, assessments or governmental charges which are due and not delinquent, or the validity of which the Borrower shall be contesting in good faith, provided the Borrower
shall have made adequate provision (in accordance with generally accepted accounting principles) therefor; 

  

	ii)	the lien of any judgment rendered, or claim filed, against the Borrower which the Borrower shall be contesting in good faith, provided the Borrower shall have made adequate
provision (in accordance with generally accepted accounting principles) therefor; 

  

	iii)	liens, privileges or other charges imposed or permitted by law such as statutory liens and deemed trusts, carriers’ liens, builders’ liens, materialmen’s liens,
operator’s liens and other liens, privileges or other charges of a similar nature which relate to obligations which are not due and delinquent; 

  

	iv)	undetermined or inchoate liens arising in the ordinary course of and incidental to operations of the Borrower which relate to obligations which are not due and delinquent, or the
validity of which the Borrower shall be contesting in good faith, provided the Borrower shall have made adequate provision (in accordance with generally accepted accounting principles) therefor; 

  

	v)	security given to a public utility or any municipality or governmental or other public authority when required by such utility, municipality or authority in connection with the
operations of the Borrower, to the extent such security does not materially detract from the value of any material part of the property of the Borrower; 

  

	vi)	cash or marketable securities deposited in connection with bids or tenders, or deposited with a court as security for costs in any litigation, or to secure workmen’s
compensation or unemployment insurance liabilities; 

  

	vii)	the lien or any right of distress reserved in or exercisable under any real property lease for rent or otherwise to effect compliance with the terms of such lease in respect of
which the rent or any other obligation is not at the time overdue or if overdue the validity of which is being contested at the time in good faith, if the Borrower shall have made on its books a provision therefor reasonably deemed by the Lender to
be adequate therefor; 

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	viii)	security interests on property of the Borrower which are not otherwise Permitted Encumbrances and which do not in the opinion of the Borrower materially impair the use of the
property subject thereto or the operation of the business of the Borrower or the value of such property for the purpose of such business; and 

  

	ix)	any extension, renewal or replacement (or successive extensions, renewals or replacements), as a whole or in part, of any security interest referred to in the preceding paragraphs
(i) to (viii) inclusive of this definition, so long as any such extension, renewal or replacement of such security interest is limited to all or any part of the same property that secured the security interest extended, renewed or replaced (plus
improvements on such property) and the indebtedness or obligation secured thereby is not increased. 

  
 provided that nothing in this definition shall in and of itself cause the Loan and other amounts owing by the Borrower to the Lender hereunder to be subordinated in
priority to any such Permitted Encumbrance.

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