Attached files
file | filename |
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EX-10.BK - FORTIS BANK GENERAL CREDIT OFFER DATED OCTOBER 19, 2005 (ENGLISH TRANSLATION) - MET PRO CORP | mpr201002bv1exbk.htm |
EX-10.BM - GENERAL CONDITIONS OF FORTIS BANK (ENGLISH TRANSLATION) - MET PRO CORP | mpr201002bv1exgc.htm |
EX-10.BN - GENERAL CREDIT CONDITIONS OF FORTIS BANK (ENGLISH TRANSLATION) - MET PRO CORP | mpr201002bv1exgcc.htm |
8-K - FORM 8K - MET PRO CORP | mpr201002bv1.htm |
[English Translation] |
Exhibit
(10)(bl)
|
POSITIVE/NEGATIVE
MORTGAGE STATEMENT
(without preliminary
taxes)
The
undersigned:
1. | The public limited company Fortis Bank (Nederland) N.V., established in Rotterdam, the Netherlands, holding office also in Deventer, the Netherlands |
hereafter
referred to as: “the bank”,
and
|
|
2. | The partnership with limited
liability
Mefiag
B.V.,
established
in Heerenveen, the
Netherlands,
|
hereafter referred
to as: “the client”
CONSIDERING
THE FOLLOWING:
-
-
-
|
That the client is or will be
due money by the bank by virtue of credit provision, agreements on loans
or by any other virtue;
that the bank
requires a guarantee to that means;
that the
client is prepared to provide that
guarantee;
|
AGREE
AS FOLLOWS:
1.
|
The client
will, as long as he is or will be due money by the bank by virtue of
credit provision, agreements on loans or by any other virtue, not transfer
or (further) burden with mortgages or other limited rights of the
registered goods that are his property, namely: business (office) premises
(renovation business), Magnesiumweg 2. 8445 PJ Heereveen, cadastrally
known as municipality Knijpe Section C Number 3546, which registered
good is currently not burdened with a mortgage or other limited rights
(“the goods”), nor attribute other rights with regard to the goods,
without prior written permission from the
bank.
|
2.
|
The client
obliges himself, at the first request of the bank, as guarantee for the
compliance with his then existing and future obligations towards the bank,
to immediately provide mortgage on the goods up to an amount as desired by
the bank, which mortgage provision will take place in accordance with the
then usually applicable conditions at the
bank.
|
3.
|
The client
will insure and keep the goods insured to the satisfaction of the bank and
herewith provides the bank the irrevocable authorization to conclude such
an insurance, if necessary at his expense, in the name of the bank or the
client.
|
4.
|
a.
|
The client herewith mortgages
to the bank, as aforementioned guarantee, all rights resulting from
the current insurances as intended in Article 3 and irrevocably authorizes
the bank to mortgage in his name, as aforementioned guarantee, all rights
from insurances still to be concluded by the bank (“the
rights”).
|
|
b.
|
The bank is
authorized to inform the insurance company where the goods are insured on
the mortgage, and to have made note of the mortgage in the
policy. At all times the bank is authorized to annul the right
of lien by annulling the rights.
|
|
c.
|
The client
herewith expressly declares that he is authorized to mortgage the rights
and that no limited rights or seizures rest on those, other than to the
benefit of the other limitedly authorized possible entities, mentioned in
Article 1 above.
|
|
d.
|
Client is not
allowed to transfer or mortgage the rights to third parties, or to burden
them otherwise with other limited rights or with other rights other than
without prior written permission from the
bank.
|
Initials: | |||
och - 19 october 2005 Page 1 of 2 |
Re: | POSITIVE/NEGATIVE MORTGAGE STATEMENT (without preliminary taxes) |
Mefiagposneg.doc |
|
e.
|
The client
obliges himself to settle the premiums due to the insurance company
strictly on time. The client will present the documents of proof to the
bank at its first request. The bank is authorized to settle the premiums
at the expense of the client with the insurance
company.
|
5.
|
Dutch Law
applies to this Act. Possible disputes concerning this Act will be
presented to the competent Judge in
Rotterdam.
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6.
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In as far as it has not been
deviated from in this Agreement, the stipulations of the General
Conditions from the bank - which stipulations are considered to be
repeated and enclosed here - apply to this Agreement.
The client
declares to have received a copy of the General
Conditions.
|
Thus concluded and signed in duplicate in
Heerenveen
, 10-19-2005
1. | Bank name | Fortis Bank (Nederland) N.V. |
/s/ K. Dykstra | ||
2. | Client name | Mefiag B.V. |
J.D.H. Huizinga | /s/ J.D.H. Huizinga | |
Gary J. Morgan | /s/ Gary J. Morgan | |
Raymond J. De Hont | /s/ Raymond J. De Hont |
och - 19 october 2005 Page 2 of 2 |