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CNB Loan
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
CNB Loan

F. CNB Loan

On December 31, 2016, MtronPTI renewed its Loan Agreement (the "CNB Loan Agreement") with City National Bank of Florida ("City National"). The CNB Loan Agreement provided for a revolving line of credit in the amount of $3.0 million (the "CNB Revolver"), bearing interest at a variable rate equal to 30-day LIBOR plus 200 basis points to be set on the first day of each month, expiring on September 30, 2018. The CNB Loan Agreement also provided that MtronPTI will pay City National a fee equal to 0.75% per year on the daily unused amount. The Company's obligations under the CNB Loan Agreement were secured only by cash collateral and did not require any other liens.

At December 31, 2017, there was no balance outstanding under the CNB Revolver. The CNB Revolver expired September 30, 2018.