SEC Contract Filing

Filing Date: 2018-11-13

Document Content:
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<TYPE>EX-10.45
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<DESCRIPTION>EXHIBIT 10.45
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<DIV><FONT size="1" style="font-size:1pt;color:white"> CREDIT AGREEMENT among TECOGEN INC. AND AMERICAN DG ENERGY INC. AND TTCOGEN LLC as Loan Parties and WEBSTER BUSINESS CREDIT CORPORATION, as Lender Effective Date: May 4, 2018 7501865_10.docx </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> TABLE OF CONTENTS Page 1. DEFINITIONS......................................................................................................... 1 1.1 Accounting Terms; References to the Loan Party and Credit Documents 1 1.2 Uniform Commercial Code Ternis........................................................... 2 1.3 General Definitions................................................................................... ,2 2. ADVANCES, PAYMENTS.................................................... ............................... ,24 2.1 Revolving Advances................... .............................................................. ,24 2.2 Procedure for Borrowing.......................................................................... ,24 2.3 Disbursement of Revolving Advance Proceeds........................................ .25 2.4 Maximum Revolving Advances............................................................... .25 2.5 Advance Requests..................................................................... ............... 25 2.6 Scheduled Payment of Advances and Other Obligations......................... 26 2.7 Voluntary Prepayments......................................................... .................... 26 2.8 Mandatory Prepayments........................................................................... 26 2.9 Application of Payments....................... ................................................... 27 2.10 Use of Proceeds..................................... ............. .................................... ,27 2.11 Statement of Account............................................................................... 28 2.12 Manner of Payment................................................................................. 28 2.13 Letters of Credit..................................................... ................................. 28 2.14 Reimbursement and Payments Obligations............................................. 32 3. INTEREST AND FEES........................................................................................... ,33 3.1 Interest...................................... 33 3.2 Continuations and Conversions 33 3.3 Closing Fee.............................. .34 3.4 Unused Line............................. .34 3.5 Letter of Credit Fee.................. 34 3.6 Collateral Evaluation Fee......... .34 3.7 Collateral Audit Fees............... .34 3.8 Computation of Interest and Fees; Collection Days .35 3.9 Maximum Charges.................................................. .35 3.10 Indemnification..................................................... .35 3.11 Increased Costs.............. .................................. .35 3.12 Additional Costs.................................... ............ 36 3.13 Capital Adequacy............................................... 36 3.14 Inadequate Basis For Determining LIBOR Rate 37 3.15 Yield Maintenance............................................. 37 3.16 Late Charges...................... ................................ 38 3.17 Facility Fee....................... .................................. .38 (i) </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> Page 4. CASH MANAGEMENT AGREEMENTS... 38 4.1 Lock-Box Accounts.......................... .38 4.2 Blocked Accounts............................. .39 4.3 Pledged Accounts.............................. 39 4.4 Receipt of Payments by Loan Parties .40 4.5 Application of Deposits.................... .40 4.6 Liens............................................ ..... ,41 4.7 Rights After an Event of Default...... ,41 5. REPRESENTATIONS AND WARRANTIES .41 5.1 Authority............................. ,41 5.2 Formation and Qualification .41 5.3 Tax Returns......................... 42 5.4 Financial Statements............................ ,42 5.5 Name.................................................... ,43 5.6 OSHA and Environmental Compliance 43 5.7 Solvency................................................ .43 5.8 Litigation.............................................. ,44 5.9 No Indebtedness.................................... ,44 5.10 No Violations.................................................. . 44 5.11 Patents, Trademarks, Copyrights and Licenses ,44 5.12 Licenses and Permits........................................ ,45 5.13 No Default of Indebtedness............................ 45 5.14 No Other Defaults....................................... . 45 5.15 No Burdensome Restrictions........................... ,45 5.16 No Labor Disputes........................................... ,45 5.17 Margin Regulations.......................................... 45 5.18 Investment Company Act................................ ,45 5.19 Disclosure............................................