SEC Contract Filing

Filing Date: 2019-02-08

Document Content:
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>5
<FILENAME>aray-ex106_137.htm
<DESCRIPTION>EX-10.6
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.6</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;text-transform:uppercase;font-size:12pt;font-family:Times New Roman;font-style:normal;font-variant: normal;"><font style="text-decoration:underline;">AMENDMENT NO.&#160;2 TO CREDIT AND SECURITY AGREEMENT (TERM)</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">THIS AMENDMENT NO.&#160;2 TO CREDIT AND SECURITY AGREEMENT<font style="font-weight:normal;"> (this &#8220;Amendment&#8221;) is made as of this 28th day of December, 2018 (the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Amendment Effective Date</font><font style="font-weight:normal;">&#8221;), by and among </font>MIDCAP FINANCIAL TRUST<font style="font-weight:normal;">, a Delaware statutory trust, individually as a Lender, and as Agent, and the financial institutions or other entities from time to time parties hereto, each as a Lender., the lenders (individually, each a &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Lender</font><font style="font-weight:normal;">&#8221; and collectively, the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Lenders</font><font style="font-weight:normal;">&#8221;) party to the Credit Agreement (as defined below), ACCURAY INCORPORATED, a Delaware corporation (&#8220;</font><font style="text-decoration:underline;font-weight:normal;">Accuray</font><font style="font-weight:normal;">&#8221; or &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Borrower Representative</font><font style="font-weight:normal;">&#8221;), TOMOTHERAPY INCORPORATED, a Wisconsin corporation, and any additional borrower that may hereafter be added to this Agreement (collectively, &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Other Borrowers</font><font style="font-weight:normal;">&#8221; and, together with Borrower Representative, each individually as a &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Borrower</font><font style="font-weight:normal;">&#8221;, and collectively as &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Borrowers</font><font style="font-weight:normal;">&#8221;).</font></p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;text-transform:uppercase;font-size:12pt;font-family:Times New Roman;font-style:normal;font-variant: normal;">RECITALS</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A.<font style="margin-left:36pt;">Borrowers, Agent and the Lenders are party to that certain Credit and Security Agreement dated as of </font>December&#160;15, 2017, as previously amended and modified (as amended hereby, and as may be further amended, supplemented, restated or otherwise modified from time to time, the &#8220;<font style="text-decoration:underline;">Credit Agreement</font>&#8221;), pursuant to which Lenders agreed to make available to Borrowers a term loan facility in the maximum principal amount of $60,000,000 at any time outstanding.&nbsp;&nbsp;Capitalized terms used but not defined in this Amendment shall have the meanings that are set forth in the Credit Agreement, as amended hereby.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">B.<font style="margin-left:36pt;">Borrowers have requested </font>an advance of a portion of Term Loan Tranche 2 on the date hereof in the original principal amount of $5,000,000 and, in connection therewith, Borrowers further have requested certain amendments to the Credit Agreement all as set forth herein.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">C.<font style="margin-left:36pt;">The parties now agree to amend and modify the Credit Agreement all in accordance with the terms and conditions set forth below.</font></p>
<p style="margin-top:12pt;text-align:justify;margin-bottom:12pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE<font style="font-weight:normal;">, in consideration of the foregoing, the terms and conditions set forth in this Amendment, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Agent, Lenders and Borrowers hereby agree as follows:</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;"></font><font style="text-decoration:underline;">Specific Amendments to Credit Agreement</font>. </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)<font style="margin-left:36pt;"