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Joinder Agreement

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Sectors: Electronics and Miscellaneous Technology
Governing Law: Virginia , View Virginia State Laws
Effective Date: June 19, 1998
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Exhibit 10.3





JOINDER AGREEMENT





THIS JOINDER AGREEMENT, dated as of June 19, 1998, (as amended, supplemented or otherwise modified from time to time, this "Agreement") made by the Borrowers signatory hereto and SEMCOR, INC., a New Jersey corporation (the "Additional Borrower") in favor of NATIONSBANK, N.A. as agent (in such capacity, the "Agent") for the benefit of the Lenders as the holders of the Secured Obligations and as parties to the Credit Agreement described below.





WITNESSETH:





WHEREAS, Advanced Communication Systems, Inc., Integrated Systems Control, Inc. and RF Microsystems, Inc. (together with any other Person that has become a borrower to the Credit Agreement as provided therein, collectively, the "Borrowers" and individually, each a "Borrower") are parties to the Credit Agreement dated as of February 17, 1998 (as amended, supplemented or otherwise modified from time to time, the "Credit Agreement") by and among the Borrowers, the banks and other financial institutions thereto (the "Lenders") and the Agent;





WHEREAS, the Borrowers in connection with the Credit Agreement have entered into the Security Agreement (as amended, supplemented or otherwise modified from time to time, the "Security Agreement"), dated as of February 17, 1998, made by the Borrowers, in favor of the Agent, for the benefit of the Lenders;





WHEREAS, the Borrowers have designated that the Additional Borrower become a borrower under the Credit Agreement and the other Loan Documents;





WHEREAS, the Borrowers are required by subsection 7.12 of the Credit Agreement to cause the Additional Borrower to become a party to the Security Agreement;





WHEREAS, the Additional Borrower has agreed to execute and deliver this Agreement in order to become a party to the Credit Agreement, the Security Agreement and the other Loan Documents;





NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants contained herein, the Additional Borrower hereto agrees with the Agent, for the benefit of the Lenders, as follows:





Defined Terms. Unless otherwise defined herein, terms defined in the Credit Agreement and the Security Agreement and used herein shall have the meanings given to them respectively in the Credit Agreement and Security Agreement. The words "hereof", "herein", "hereto" and "hereunder" and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, subsection and Schedule references are to this Agreement unless otherwise specified. The meanings given to terms defined herein shall be equally applicable to this Agreement unless otherwise specified.



Credit Agreement. The Additional Borrower hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Additional Borrower will be deemed to be a party to the Credit Agreement and a "Borrower" for all purposes of the Credit Agreement, and shall have all of the obligations of a Borrower thereunder as if i
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