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201201420
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Last modified
3/19/2012 3:47:25 PM
Creation date
2/27/2012 8:45:38 AM
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DEEDS
Inst Number
201201420
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20�201420 <br />Delaware limited liability company ("ITW LLC", together with ICE and IC LLC, the "ICE <br />Borrowers"), Grantor, as a guarantor, and certain other guarantors party thereto, certain <br />lenders from time to time party thereto (the "ICE Lenders" and together with the NEC <br />Lenders, the "Lenders") and RBS Citizens, N.A., as agent (the "ICE Agent") for itself and <br />the ICE Lenders. <br />C. The terms of the Credit Agreements are incorporated by reference in this Deed <br />of Trust as if the terms thereof were fully set forth herein. Capitalized terms used herein and <br />not otherwise defined herein shall have the respective meanings ascribed to such terms in <br />each Credit Agreement. <br />D. Pursuant to the Credit Agreements, the Lenders have severally agreed to make <br />loans to Grantor and ICE Borrowers in the aggregate principal amount of $96,420,000 <br />(collectively, the "Loans"), upon the terms and subject to the conditions set forth in the <br />applicable Credit Agreement. <br />E. Grantor will derive substantial direct and indirect benefit from Loans. <br />F. Grantor is the owner of the fee simple estate in the parcel(s) of real property <br />described on Schedule A attached hereto and made a part hereof (the "Land") and all of the <br />buildings, improvements, structures and fixtures now or subsequently located on the Land <br />(collectively, the "Improvements"; the Land and the Improvements being collectively <br />referred to herein as the "Real Estate"). <br />G. It is a condition precedent to the obligation of the Lenders to make the Loans <br />to the Grantor and ICE Borrowers under the Credit Agreements that Grantor shall execute <br />and deliver this Deed of Trust to the Public Trustee for the benefit of the Lenders. <br />H. To secure to Beneficiary (a) the repayment of the Indebtedness evidenced by <br />the Notes dated as of May 7, 2010 issued by Grantor to NECC Lenders, and any replacement <br />or supplemental promissory note issued pursuant to the NECC Credit Agreement, and <br />maturing on Apri130, 2014, in the original aggregate principal amount of $81,000,000, and <br />all renewals, extensions and modifications of the Indebtedness, and the performance of the <br />covenants and agreements of Grantor contained in the NECC Credit Agreement, and (b) the <br />repayment of the Indebtedness evidenced by the Notes dated as of May 7, 2010 issued by <br />ICE Borrowers pursuant to the ICE Credit Agreement to ICE Lenders, and any replacement <br />or supplemental promissory note issued pursuant to any of the Credit Agreements, and <br />maturing on Apri130, 2014, in the original aggregate principal amount of $15,000,000, and <br />all renewals, extensions and modi�cations of the Indebtedness, and the performance of the <br />covenants and agreements of Grantor contained in the Credit Agreements. <br />Granting Clauses <br />For good and valuable consideration, the receipt and sufficiency of which are hereby <br />acknowledged, Grantor agrees that, to secure the payment and performance of the Lender <br />Obligations, as de�ned in Section 1.1 of each Credit Agreement: <br />12187-5273/LEGAL17750578.4 <br />5/1/ 102 <br />
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