Attached files
file | filename |
---|---|
8-K - FORM 8-K - MET PRO CORP | mpr8k2010tc.htm |
EX-10.BJ - ISDA SCHEDULE TO THE MASTER AGREEMENT - MET PRO CORP | mpr8k2010tcexbj.htm |
EX-10.BI - ISDA MASTER AGREEMENT - MET PRO CORP | mpr8k2010tcexbi.htm |
Exhibit
(10(bh)
TRADE
CONFIRMATION
To:
|
Metpro
Corporation
|
Attn:
|
Mr.
Gary Morgan
|
Ph:
|
215-723-6751
|
Fax:
|
215-723·6226
|
This
confirmation sets forth the terms and conditions of the Swap Transaction
("Swap") entered into between Metpro Corporation and Brown Brothers Harriman
& Co. on the Trade
Date specified below. This constitutes a "Confirmation" as referred to in the
Agreement specified below.
The
definitions and provisions contained in the 2000 ISDA Definitions (as published
by the International Swaps and Derivatives Association, Inc.) are incorporated into this Confirmation. In the event of
any inconsistency between those definitions and provisions and this
Confirmation, this Confirmation will govern.
This Confirmation
supplements, forms part of, and is subject to the 1992 ISDA Master Agreement and
related schedule ("the Agreement") signed between us (October 12, 2005). All
provisions contained in the Agreement govern this Confirmation except as
expressly modified below.
The
terms of the particular Swap executed are as follows:
A)
Initial Notional Amount:
|
USD
3,500,000.00
|
(Amortizing
per the attached schedule)
|
|
Trade
Date:
|
October
12, 2006
|
Effective
Date:
|
April
3, 2006
|
Termination
Date:
|
April
6, 2021; subject to adjustment in accordance with the Modified Following
Business Day Convention
|
B)
Fixed Rate Payer:
|
Metpro
Corp.
|
Payment
Dates:
|
The 3rd day
of each January. April. July and October in each year from (and including)
July 3, 2006 to (and
including) the Termination Date; subject to adjustment in
accordance with the Modified Following Business Day
Convention
|
Fixed
Rate:
|
4.87%
per annum
|
Fixed
Rate Day Count Fraction:
|
Actual
/ 360
|
C) Floating
Rate Payer:
|
Brown
Brothers Harriman & Co
|
Floating
Rate Payment Dates:
|
The
3rd day of each January, April. July and October in each year from (and
including) July 3, 2006 to (and including) the Termination Date; subject
to adjustment in accordance with the Modified Following Business Day
Convention
|
Floating
Rate Option:
|
USD-LIBOR
|
Floating
Rate Day Count Fraction:
|
Actual
/ 360
|
Designated
Maturity:
|
3
months
|
Reset
Dates:
|
The
first day in each Calculation Period
|
D)
Business Days:
|
New
York and London
|
E)
Governing Law:
|
The
Transaction and this Confirmation will be governed by and construed in
accordance with the laws of the State of New York without reference to
choice of law doctrine.
|
2
F) Calculation
Agent:
|
BBH&Co.
|
OFFICES
|
|
Metpro
Corporation
|
Address for
notices:
160 Cassell
Road
Harleysville,
PA 19438
|
Brown
Brothers Harriman &
Co:
|
Address for
Notices:
140
Broadway
New York, NY
10005
|
Please
indicate your acceptance of this confirmation by executing the attached copy and
returning it to:
Stacey
Recor Controllers Department
Brown
Brothers Harriman & Co. 140 Broadway
17th
Floor
New
York, New York 10005-1101
For
and on behalf
of
|
For
and on behalf of
|
||||
BROWN
BROTHERS HARRIMAN & CO.
|
Metpro
Corporation
|
||||
/s/ Thomas J. Saunder
|
/s/ Raymond J. De Hont
|
||||
BY:
Thomas J. Saunder
|
BY:
Raymond J. De Hont
|
||||
10-12-05
|
|
10/12/2005
|
|
3
Amortization
schedule:
60
equal quarterly payments of $58,333.33.
4