THIS AGREEMENT is made this 29th day of October, 2002 by and among UNION PLANTERS BANK, N.A., a national
banking association BIOANALYTICAL SYSTEMS, INC., an Indiana corporation ("BAS"), and BAS EVANSVILLE, INC., an
Indiana corporation ("BAS Evansville").
A. Borrowers have requested certain credit facilities for the purpose of refinancing existing indebtedness and funding
construction in West Lafayette and Mount Vernon, Indiana.
B. Lender has agreed to provide the credit facilities requested by Borrowers, upon the terms and subject to the
conditions set forth in this Agreement.
In consideration of the premises and the mutual promises set forth in this Agreement, and subject to the terms and
conditions set forth in this Agreement, the parties agree as follows:
1. Definitions . As used herein:
a. “ADA Agreement” means the agreement concerning compliance with the Americans with Disabilities Act
more particularly described in Section 5(a), including any amendment, modification or replacement thereof.
b. “Advance” means a disbursement of the proceeds of a Loan.
c. “Agreement” or “Loan Agreement” means this Loan Agreement, as amended from time to time.
d. “Borrower” or “Borrowers” means, individually and collectively as the context requires, BAS and BAS
e. “Business Day” means a day on which the principal domestic office of the Bank is open for the purpose of
conducting substantially all of its business activities.
f. “Environmental Certificate” means the certificate concerning environmental matters described in Section 5(a).
g. “Financing Statements” shall have the meaning ascribed to such term in Section 5(a), including any
amendment, modification or replacement thereof.