HomeMy WebLinkAbout01-1749Debtorname(lastnamefirstifindividual) and mailingaddress:
Food Lion, L.L.C.
US RT 11 S
CARLISLE, PA 17013
Debtor name (last name first if individual) and mailing address:
Debtor name (last name first if individual) and maBing address:
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Secured Party(lee) na .n~ss($) (last name first if individual) and address
for security interest information:
General Electric Capital Corporation
10 RIVERVIEW DRIVE
DANBURY, CT 06810
Assignee(s) of Secured Party name(a][last name first if individual) and
address for security interest information:
2a
Special Types of Parties (cheCk if applicable):
i-]The terms "Debtor" and "Secured Par~y" mean "Lessee" and "Lessor,"
respectively,
r-~The terms "Debtor" and "Secured Party" mean "Consignee'" and
"Consignor." respectively,
[] Debtor is a Transmitting Utility.
3
SECURED PARTY SIGNATURE(S)
This statement is filed with only the Secured Party's si~g~lature to perfect
a security interest in cedaterai (check applicable box(es))
a. [] acquired after a change of name, identity or corporate structure of
the Debtor
b. [] es to which the filing has lapsed.
c. already subject to a security interest in another county in Pennsylvania
[] when the collateral was moved to this county.
[] when the Debtor's residence or place of business was moved to
this county.
d. already subject to a security interest in another jurisdiction-
[] when the collateral was moved to Pennsylvania.
[] when the Debtor's location was moved to Pennsylvania.
e. [~]which is proceeds of the collateral described in block 9, in which a
security interest was previously perfected (also describe proceeds
in block 9. if purchased with cash proceeds and net adequately
described on the original financing statement).
Secured Party Signature(s)
(required only if box(es) is checked above):
IMPORTANT,Please read Instructions
reveree side of page 4 before ~O~l_p~ieting'
Filing NO. (stamped by filing officer); Date, Time, Filing Office starhped %y fi ~h~'fflcer
L;Ui¢,:.k::~ L./,~ .~ ' "~"
le ThisFInan¢lng Stst~ment is presented for filing pursuant to the Uniform Commercial Code,
and is to be filed with the (check applicable box):
[] Secretary of the Commonwealth of Pennsylvania.
[] Prothonotary of CUMBERLAND County.
[] real estate records of County.
Nureder of Addlfl~al Sksete (if any):
7
Ol~lOnal Special Identiflc~tlon (Max. t 0' ~haracters);~
CO~L~TE~L
Identify c~llsteral by item and/or type:
THE PROPERTY BEING COVERED IS (7) NCR MODEL 7875
POINT OF SALE SYSTEMS WITH ANY AND ALL ADDITIONS,
ATTACHMENTS, ACCESSORIES AND ACCESSIONS AND ANY AND
ALL SUBSTITUTIONS, REPLACEMENTS OR EXCHANGES
THEREFOR, AND ANY AND ALL INSURANCE AND/OR ~ROCEEDS,
THEREOF, SECURING DEBTOR'S OBLIGATIONS UNDER THAT
CERTAIN SECURITY AGREEMENT AND RELATED PROMISSORY
NOTE.
4060036-001dxp
[] (check only if desired) Products of the collateral are also covered. 9
Identify related real estate, if applicable: The collateral is, or includes (check appropriate box(es))
a. [] crops growing or to be grown on -
b. [] goods which are or are to become fixtures on -
c. [] minerals or the like (including oil and gas) as extracted on -
d. [] accounts resulting from the sale of minerals or the like (including oil and gas) at the wellhead or
minehead on -
the following real estate:
Street Address:
Described at: Book of check one) [] Deeds [] Mortgages, at Pages(s)
for County. Un form Parce dentifler
[] Described on Additional Sheet.
Name of record owner (required only if no Debtor has an interest of record):
DEBTOR SIGNATURE(S)
Debtor/~lgnatun,,(s): Food Lion, L. L. C.
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RETURN RECBPT TO:
LEXIS DOCUMENT SERVICES INC
PO BOX 2969
SPRINGFIELD, IL 62708
STANDARD FORM - ~OP~ UCC-1 (7~9)
Approved by Secretaw of Commonwealth of Pennsylvania ( 1 ) FILING OFFICE ORIGINAL/~j.~ , /~f33J'
GE Capttal Corporation
SECURITYAGREEMENT
THIS SECURITY AGREEMENT, rna(is ae of December 21, 2000, Is by and between GENERAl. ELECTEIC CAPITAL
CORPORATION, with an ~ at 10 Rive~visw Ofiw, Danbury, CT 0~810 ~d~e '$ecf~ed Pe.,~. '), and LCnn~f I In~. I ~ ~. al ~
~mll~ LimEed lisbllity Company ~ its pdncipst ph~e of buttress ~t ~l.le t~r~-,afve rh-lvp ~:..,.h.ry , N~.. ~lalJr~r (the
to cormldemtlo~ of the promises he~e~n contained and of certah~ outer good ~ valu~T0te c. onside~aUo~, t~e ~ and sufflcrercy of
wflfoh are here~y a~kno~ndged, Debfor a~d Secured Party hereby agree a~ foflows:
t. CREATION OF E;=CURITY INTEREST.
For ~e paynle~ of iny and ag ch41gatJ~ of ~ ~ ~ ~, ~, ~. ~, ~e, ~ or
SECU~D P~.
3. REPRE~;ENTATION8 AND WARRANTIES OF DEBTOR.
De. or hereby mpresanto, wa~ants end ~ovenants as follows:
(a) Debtor wilt keep the Collateral in go~x[ rep~r and working order in coftformlty ~ the rnarlLEacturer's mathtenamce requ~refTlen~s
a~l ~Jltabis for c~tlflca~m by the manu~'eatumr, It' appllcat~e;
~o) De.l~or will uae the C,4dlateral anlely t'or iswful buebtmm pub(mas, and wT'l~ nnt stter t he Colisteral in any wW that would Impstr
Its va~e or mlglrm]ly t~te~xSed uae;
and v/Gl reroabt the sole and lawful ow~ of the Colisteral. and has the dgnt to grant the ae~ intm'e~ des~rlbnd bt
[el) 'l'ne Co~laterat la and wftJ rerrmbt free axxl clear of all Ikms and el~.,umbranc~e, excelX for the flan of this Security Agreement; and
a~y liens arisklg by opendton of law that the Debtor is diligently attempting to cOscha~Oe and whhcfl ere discharged within thlffy (30) days
of attachment.
Debtor wifl warrant ~ defend the Collateral and Secured ~ against afl claims by afl p~ao~s in connection with the
Indebtndnm, arr~ Sche~lde m- the Coflsteral.
4. EVENT~ OF DEFAULT.
Debtor ~hell be in default under this Securfi./Ai~ and under each obligation and liability EianUfie~ on any Collateral Schedule
hereto upon the occtaren~ of any of the toBowing 'Event(s) of Defsult~
Debtor telle to malco payment of any Indebtedne~ within thldy (30] days after mJOh Indebfladnm becomes due and payable;
(b) Debar defilers in the perfornlance of any ~her term m oon~flon c~a~ned in m Schedule er this Secu~ Agreement and fails to
cu~ ~ dofau~t w~hin thl~J (30) cla~ after wrttt~ notice I$ gK, en by .Secured Paly;
Any reFt·aeration or wananty c~btalced In this Secuffe/Agreement prove~ fa~e in any mater;bt respect;
(cl) Any of the Cottoteral is eubJeot to, or th~t~ed with, attachment, eeecutlon, leW, ~[zu~ er the e~t~ of a Judgment or the filing of
a lax [le~ in any legal proceec~ng whic~ le not reeotved by Debtor wfihln ten (1 O) day~ foltowing not!ce to it
Ce) c~or er any guarantor of Debtors ebl~gbtto~ hereunder (a "Guarantor') becomes insolvent, is [k:luldated or disanlv~, stopa
doing bualne~e, or assigns its rlght~ er peopafly for the benefit of c. redlt om;
(1) A pa~on te filed by or against Dot,or or It~ Guarantor under any banleuptny or InecNanoy law;
(g) A rnbt~1al portion of Debtors er Guarantors stock or aaae~ i~ tmmfe~ed to anther party ~ is not an alNisto of the Debtor
REMEDIES ON DEFAULT.
Upon the occ~wance of an Evant of Default under this SectaRy Agreement, ~ Pmty, at Its option, may declare ali of the
oh~::~ne ae~ured by tt~ Security Agreement, int~uding wrd~out limit··inn the Notes, to be Immed~tety due and payable, without
~emand er notice to De~or. The obF~gafloce and IlablUtle~ eccek.,ratod thereby ah·Il bear intreat at the lower of two pement (2.0~) abo~e
the appBuabto ce~n~t mto per annum er the me.~mum rate allowed by applicable !aw Upon the occurrm of an E'mnt of Defauit,
Sects'ed Pa~ atlall have all of the ~'~b~ and remedle~ of · Sanumd Pedy unde~ the Unlfonn Cosmos·el Code, or under any other
appficeble law, Inoludlng without Ilrnit~on the dght to ~ nbtlfy any obligor un any icetn~ant v/nin~ ~nnbtitute~ part of the Co~istoral to
mal~ paymant to scoured Pa~, (I) with er wtthout lags· proce~·, e~'~er any pran~isee ,*t~ere the Collateral may pa and thee p~ae~aton
and/er ~ the Ce~ateral from ~ald pmrrgeee, and [1~1) ~all the Ce~ateral at poblJo er pfc/·to eels, in whole or In part, or lease eft er ber~
of the Colla~rat, appl~alg pmoeeda ~ anoh ea[e er is·es to the obllgatton~ then In default. Pr~:eeda f~om ~U~h aais or lease Nlafl be
applied ffrbt to all c~t· of repose·salon, ~age, and dispo~lon including without limit~on attorneys', agpml~em', ·nd auCtion,·fa fee~
~ all e0q~anMe incur~d in ebttllng ~ end el·bile against the CeRatoml, sec~ld to d~Jlarge any Indebtednm o! De~ter to secured
Pady, and thin:l to ~0tor. if ther· exes any SUTplua. Any notice which Secured Palty is requlmd to give to Debtor under the uniform
Commem~l Code of the time and pisce of any pL~llc md· er ~le ~ after which any pUvate ~als er othe' ~ended d[~apoalflon of the
~ is to be rtl·ds shall be deemed to con~tute re·sun·bio notlce if su;h notk~e is mailed by registered or ce~t'~:l mail to the last
knovm addmea of Debtor bt is·et five (5) da~ i:~'ler to suc:h ·(don.
COVENANTS REOARDING THE COLLATERAJ-
(·) Debtor will do all acta. deemed nec·Mary by Secured Party to ~ntinue In 8soured Par~ s part_ _,_ _,c'~ed__ _ first prfority secuff(y interest
in the Collbteml. fil~uding the removal of any lier~, ~ or encumbrances ('Usna') upon any of the Colletoral, and the ~JberdlnalJen ar
waiver of any lend~erd, mortgagee or ~ ~ to Scoured Pare/s ~ interest in ~e P~llateral. DatXor agrees to obtain and
fumk~ to 8anured Party upon Ra requeei landlmd, ~, and/or ma~agee wa~a~rs in · fo~rn ~at}sfactory to Secured Party.
(b) Debtor w~l pay v/n~ due ~1 t~ea, licer~e ~ee~, aeM~ernenbt and pubac and private ~erpa~ asa·seed on Cellbteral or on the
(o) DEBTOR. HEREBY GRANT8 SECURED PARTY A IN~NER OF ATTORNEY, COUPLED wTrH AN INTEREST, TO
EXECUTE IN DEBTOR'S NAME AND FILE UNIFORM COMMERCIAL COOE FINANCING 8TATEMENT~ AND OTHER
DOCUMENTS WHICH EV'B)ENCE THE GRANT OF THE SECURITY INTEREST IN THE COLLAI~RAL. Debtor will fumis~ Secured
Pm'ty wRh m.,ch ad~filonat infomedk~, and e~ecuto ·nd delver to Seoumd Pan'y ~ ·dd~onat dec:tu'ne~m, end do ~ch other things, ae
_ _~_--?±rad pa~y mW ree~onably mqueat to part·or er protant the ·soL'tRy intoreat ~mate~ by thle Security Agrcemant or cony out the Ibtent
of thb Seeunly Agreemant.
(cl) Dsl~or ~ keep the Cell·total Imred ag·Inet all rkk of ~ Icee or G~na~e for ~ tuff ~mant vatue thereof, naming
8e~lred Pa~ty a~ ~ ~ and ~ alan malntoin publ~ liability Iceumnce ~ pamo~d inJu~' and properly damage to the
Ca,at·nas, coming 8anumd pedy a~ ·dT~,--: inanred. ~ pcdicise ~ be ~ued by an Insurance o~fler rated B+ or bettor by A.M.
Be~t Company or, If It IsDebto~s polIw to ~f In·ur· for I~lCh I~, ~ ~ be perlbtttod to aeif I~ure $u~,~ rlak~.. De·tot will, if
~anured Pedy ~m mquffe~, de/~et to Seeum:l Pmty polol~ or bedlllce~ee of in~urar~=e eeldan~ng ouch onvemge. Eanh pollny will
provide for co1~rage to ~ec~red ~ i~le~e of the bm·nh by Oetltor of any repm~entoflon or warran[y made U~rein and Will pmvtde
for thlr[y (30) day~ wtfitan ~ to Secured Pa~y of the cent·ti·slob, r~q-renewal or material rnodfilcetlon thereof.
(·) If Debtor fa·is to do so, Sanumd Pan.~y may disoharge talxe~, Ilen~, cecuflty inte~et~ er othor etle. umbranoee bt any time le~ed or
8·cured Pmty, on demand, fro' any pe~rneof mede or any e~q=enee kteuned by 9anu~ed Pady pumuant to thle ~ec~on.
(]) Th~ $~ Agreement ~hail be governed by anti contrived under the laws o~ t~e State of New ¥o~, without I'~ to choice of
law pfln~pla~ thereof. DEll'OR AGREES TO WAIVE ALL RIGHT8 TO A JURY ~ Deb{~r agrees to ~he non-exclusive
~ and'~anue of'the Federal and State cour~ in ttle Southern Distrl~ of New yc~k.
(k) Thl~ 8ecurlly A~'eeme~ stall c~ntinue in full ~ome and effec~ for ~o long aa there ~hmll remain in e)d~te~:~ any Indebtedne~ of
[] WTI3~.85 WHEREO~, DeiSt and S~cu~ed Pa~J, Intending te be kgally bound hamt~y, have duly e~e~uted this scarify Agree~ner~t
6ECURED PART~:
GENERA~ELECTRIC CAPITA~CORPORATION
~r~t or Type Name)
DEBTOR:
~Wint o~ ~1~ N~me)