Guarantee and Collateral Agreement (2006)Full Document 

Start of Preview
                       GUARANTEE AND COLLATERAL AGREEMENT

                                  dated as of

                                 June 23, 2006

                                     among

                            INTERLINE BRANDS, INC.,
                            a Delaware corporation,
                                  as Holdings,

                            INTERLINE BRANDS, INC.,
                            a New Jersey corporation
                                  as Borrower,

                   THE SUBSIDIARIES OF INTERLINE BRANDS, INC.
                               IDENTIFIED HEREIN

                                      and

                           JPMORGAN CHASE BANK, N.A.,
                              as Collateral Agent



===============================================================================


                               TABLE OF CONTENTS



                                   ARTICLE I
                                  Definitions

SECTION 1.01. Credit Agreement................................................1
SECTION 1.02. Other Defined Terms.............................................1

                                   ARTICLE II
                                   Guarantee

SECTION 2.01. Guarantee 5
SECTION 2.02. Guarantee of Payment............................................5
SECTION 2.03. No Limitations..................................................5
SECTION 2.04. Reinstatement...................................................6
SECTION 2.05. Agreement To Pay; Subrogation...................................6
SECTION 2.06. Information.....................................................6

                                  ARTICLE III
                              Pledge of Securities

SECTION 3.01. Pledge .........................................................7
SECTION 3.02. Delivery of the Pledged Collateral..............................7
SECTION 3.03. Representations, Warranties and Covenants.......................8
SECTION 3.04. Certification of Limited Liability Company and Limited
                Partnership Interests.........................................9
SECTION 3.05. Registration in Nominee Name; Denominations.....................9
SECTION 3.06. Voting Rights; Dividends and Interest..........................10

                                   ARTICLE IV
                    Security Interests in Personal Property

SECTION 4.01. Security Interest..............................................11
SECTION 4.02. Representations and Warranties.................................13
SECTION 4.03. Covenants .....................................................15
SECTION 4.04. Other Actions..................................................18
SECTION 4.05. Covenants Regarding Patent, Trademark and Copyright
                Collateral...................................................20


                                      -i-


                                   ARTICLE V
                                    Remedies

SECTION 5.01. Remedies Upon Default..........................................22
SECTION 5.02. Proceeds to be Turned Over to Collateral Agent.................24
SECTION 5.03. Application of Proceeds........................................24
SECTION 5.04. Grant of License to Use Intellectual Property..................25
SECTION 5.05. Securities Act.................................................25
SECTION 5.06. Registration...................................................26

                                   ARTICLE VI
                    Indemnity, Subrogation and Subordination

SECTION 6.01. Indemnity and Subrogation......................................26
SECTION 6.02. Contribution and Subrogation...................................27
SECTION 6.03. Subordination..................................................27

                                  ARTICLE VII
                                 Miscellaneous

SECTION 7.01. Notices   28
SECTION 7.02. Waivers; Amendment.............................................28
SECTION 7.03. Collateral Agent's Fees and Expenses; Indemnification..........28
SECTION 7.04. Successors and Assigns.........................................29
SECTION 7.05. Survival of Agreement..........................................29
SECTION 7.06. Counterparts; Effectiveness; Several Agreement.................29
SECTION 7.07. Severability...................................................30
SECTION 7.08. Right of Set-Off...............................................30
SECTION 7.09. Governing Law; Jurisdiction; Consent to Service of Process.....30

End of Preview