LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid of Principal Principal Notation Date Loan Repaid Balance Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 108 - 115 EXHIBIT C AMENDED AND RESTATED TERM LOAN PROMISSORY NOTE $___________________ St. Louis, Missouri February 28, 1996 FOR VALUE RECEIVED, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation ("Borrower"), hereby promises to pay to the order of __________________________________________, a _______________________________ ________ ("Bank"), the principal sum of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. This Note is one of the Term Notes described in that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Doane Products Co), Revolving Credit and Term Loan Agreement (Doane Products Co)
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-------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- - 108 104 - 115 111 EXHIBIT C B AMENDED AND RESTATED TERM LOAN PROMISSORY SWING LINE NOTE $___________________ 4,000,000.00 St. Louis, Missouri February 28, 1996 FOR VALUE RECEIVED, on the last day of the Revolving Credit Period, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation ("Borrower"), hereby promises to pay to the order of __________________________________________, a _______________________________ ________ MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION ("Bank"), the principal sum of ____________________________ Four Million Dollars ($_______________________) in seventeen (17) consecutive quarterly 4,000,000.00), or such lesser sum as may then constitute the aggregate unpaid principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ all Swing Loans made by Bank to Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. The aggregate principal amount of Swing Loans which Bank shall be committed to have outstanding hereunder at any time shall not exceed the lesser of (i) Four Million Dollars ($__________________4,000,000.00), or (ii) each, due and payable commencing September 30, 1996, followed by four the difference between the Revolving Credit Commitments of all of the Banks (4) equal consecutive quarterly principal installments as defined in the amount of ______________________________________________________ Dollars ($__________________) each, due Amended and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due Restated Revolving Credit and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17thTerm Loan Agreement) and final installment in the amount of the Revolving Credit Loans, Letter of Credit Loans and the undrawn face amount of Letters of Credit then outstanding principal balance hereunder due at the time of computation, which amount may be borrowed, paid, reborrowed and payable on September 30repaid, 2000in whole or in part, subject to the terms and conditions hereof and of the Amended and Restated Revolving Credit and Term Loan Agreement referred to below. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan Swing Loans on the dates and at the rate or rates provided for in the Amended and Restated Revolving Credit Agreement (herein defined)and Term Loan Agreement. The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank Association (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. All Swing Loans made by Bank and all repayments of the principal thereof shall be recorded by Bank and, prior to any transfer hereof, endorsed by Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided, however, that the obligation of Borrower to repay each Swing Loan made hereunder shall be absolute and unconditional, notwithstanding any failure of Bank to record or endorse or any mistake by Bank in connection with recordation or endorsement on the schedules attached to this Note. Bank's books and records (including, without limitation, the schedules attached to this Note) showing the account between Bank and Borrower shall be admissible in evidence in any action or proceeding and shall constitute prima facie proof of the items therein set forth. This Note is one of the Term Notes described Swing Line Note referred to in that certain the Amended and Restated Revolving Credit and Term Credit Loan Agreement dated the date hereof by and between among Borrower, Agent and the Banks named therein banks listed on the signature pages thereof (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the - 105 - 112 occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is secured by those certain Deeds of Trust (as defined in the Credit Agreement) dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Deeds of Trust"), to which Deeds of Trust reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is secured. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, Bank's obligation to make additional Swing Loans under this Note may be terminated in the manner and with the effect as provided in the Credit Agreement and the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation - 106 - 113 of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Doane Products Co), Revolving Credit and Term Loan Agreement (Doane Products Co)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid of Principal Principal Notation Date Loan Repaid Balance Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 108 - 115 AMOUNT OF AMOUNT OF TYPE OF PRINCIPAL DATE LOAN LOAN REPAID NOTATION MADE BY -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------- EXHIBIT C AMENDED B ================================================================================ MORTGAGE, ASSIGNMENT OF LEASES AND RESTATED TERM LOAN PROMISSORY NOTE $___________________ St. LouisRENTS, Missouri February 28, 1996 FOR VALUE RECEIVED, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation ("Borrower"), hereby promises to pay to the order of __________________________________________, a _______________________________ ________ ("Bank"), the principal sum of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. This Note is one of the Term Notes described in that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by that certain Security Agreement SECURITY AGREEMENT AND FINANCING STATEMENT dated as of October 5July 15, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may 1998 from time to time be amendedREPUBLIC PAPERBOARD COMPANY a Kansas corporation, the "Security Agreement")Mortgagor, to which Security Agreement reference is hereby made NATIONSBANK, N.A., a national banking association, as Agent, the Mortgagee Property: Lawton, Oklahoma County of Comanche ================================================================================ This Instrument Contains After-acquired Property Provisions and Secures Obligations Containing Provisions for a description of the security and a statement of the terms and conditions upon which this Note is further securedChanges in Interest Rates. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5Instrument Also Secures Future Advances. A POWER OF SALE HAS BEEN GRANTED IN THIS MORTGAGE, 1995 and as amended on the date hereofASSIGNMENT OF LEASES AND --------------------------------------------------------------------------- RENTS, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amendedSECURITY AGREEMENT AND FINANCING STATEMENT. A POWER OF SALE MAY ALLOW ----------------------------------------------------------------------------- THE MORTGAGEE TO TAKE THE MORTGAGED PROPERTY AND SELL IT WITHOUT GOING TO COURT ------------------------------------------------------------------------------- IN A FORECLOSURE ACTION UPON DEFAULT BY THE MORTGAGOR UNDER THIS MORTGAGE, the "Pledge Agreement")-------------------------------------------------------------------------- ASSIGNMENT OF LEASES AND RENTS, to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further securedSECURITY AGREEMENT AND FINANCING STATEMENT. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).--------------------------------------------------------------------------- TABLE OF CONTENTS/1/ Preamble............................................................ 1
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. 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108 - 115 AMOUNT OF AMOUNT OF PRINCIPAL MATURITY NOTATION DATE LOAN REPAID DATE MADE BY -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- 95 104 EXHIBIT C AMENDED AND RESTATED TERM A-4 FOREIGN CURRENCY LOAN PROMISSORY NOTE $___________________ St. LouisAtlanta, Missouri February 28Georgia October 15, 1996 FOR VALUE RECEIVED1999 For value received, the undersignedRUSSXXX XXXPORATION, DOANX XXXDUCTS COMPANY, a Delaware an Alabama corporation (the "Borrower"), hereby promises to pay to the order of __________________________________________, a _______________________________ ________ (the "Bank"), for the principal sum account of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each Marchits Lending Office, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan all Foreign Currency Loans made by the Bank to the Borrower pursuant to the Credit Agreement referred to below, on the dates and in the amounts provided in the Credit Agreement. The Borrower promises to pay interest on the unpaid principal amount of this Note on the dates and at the rate or rates provided for Foreign Currency Loans in the Credit Agreement (herein defined)Agreement. The Interest on any overdue principal of and, to the extent permitted by law, overdue interest on the principal amount of hereof shall bear interest accruing hereunder shall be computed on an actual dayat the Default Rate, 360-day year basisas provided for in the Credit Agreement. All such payments of principal and interest shall be made in lawful currency money of the United States applicable Foreign Currency in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National AssociationWachovia Bank, as agent for Bank (the "Agent")N.A., located at 721 Xxxxxx 191 Xxxxxxxxx Xxxxxx, XxX.X., Xxxxxxx, Xxxxxxx 00000-0000, xx such other address as may be specified from time to time pursuant to the Credit Agreement. XxxxxAll Foreign Currency Loans made by the Bank, Xxxxxxxx 00000the respective maturities thereof, the interest rates from time to time applicable thereto, and all repayments of the principal thereof shall be recorded by the Bank and, prior to any transfer hereof, endorsed by the Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided that the failure of the Bank to make any such recordation or endorsement shall not affect the obligations of the Borrower hereunder or under the Credit Agreement. This Note is one of the Term Foreign Currency Loan Notes described referred to in that certain Amended and Restated Revolving Credit and Term the Credit Agreement dated as of October 15, 1999 among Russxxx Xxxporation, Russxxx Xxxope Limited, the date hereof by and between BorrowerBanks listed on the signature pages thereof, Wachovia Bank, N.A., as Administrative Agent, Suntrust Bank, Atlanta, as Syndication Agent and the Banks named therein First Union National Bank, as Documentation Agent (as the same may be amended and modified from time to time be amended, modified, extended or renewedtime, the "Credit Agreement"). The Terms defined in the Credit Agreement, among other things, contains Agreement are used herein with the same meanings. Reference is made to the Credit Agreement for provisions for the optional and mandatory prepayment and the repayment hereof and the acceleration of the maturity hereof upon hereof, as well as the occurrence obligation of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined the Borrower to pay all costs of collection, including reasonable attorneys fees, in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in event this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Foreign Currency Loan Note is further secured collected by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment law or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of through an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof)at law. The Borrower hereby waives presentment for paymentpresentment, demand, protest, notice of demand, protest and nonpayment and any other notice of dishonorrequired by law relative hereto, except to the extent as otherwise may be expressly provided for in the Credit Agreement. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).96 105
Appears in 1 contract
Samples: Credit Agreement (Russell Corp)
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================================================================================================ EXHIBIT C AMENDED AND RESTATED TERM LOAN PROMISSORY NOTE $___________________ St. LouisG LSI GUARANTY THIS GUARANTY, Missouri February 28dated as of [ ], 1996 FOR VALUE RECEIVED1998, the undersigned, DOANX XXXDUCTS COMPANYis executed by LSI LOGIC CORPORATION, a Delaware corporation ("BorrowerGuarantor"), hereby promises to pay to the order in favor of __________________________________________ABN AMRO BANK N.V., a _______________________________ ________ ("Bank"), the principal sum of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, acting as agent for Bank (the in such capacity, and each successor thereto in such capacity, "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. This Note is one of ) for the Term Notes described in that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein (as the same may financial institutions which are from time to time be amendedparties to the Credit Agreement referred to in Recital A below (collectively, modified, extended or renewed, the "Credit AgreementLenders"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 1 contract
Samples: Credit Agreement (Lsi Logic Corp)
LOANS AND PAYMENTS OF PRINCIPAL. 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------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- C(1)-3 90 EXHIBIT C AMENDED AND RESTATED C(2) TERM LOAN PROMISSORY NOTE $______________, ________ St. Louis__________, Missouri February 28, 1996 ____ FOR VALUE RECEIVED, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation undersigned ("Borrower"), hereby promises to pay to the order of __________________________________________, a _______________________________ ________ ("BankLender"), the principal sum of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. following Term Loans made by Lender to Borrower further promises pursuant to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. This Note is one of the Term Notes described in that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein referred to below (as the same may amended from time to time be amended, modified, extended or renewedtime, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of in a single installment on the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined Term Loan Maturity Date specified in the Credit Agreement) ; and to pay interest on said sum at the rates and on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid of Interest Principal Paid Principal Notation Date Type of Loan Repaid Amount of Loan Period or Prepaid Balance Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 108 - 115 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ EXHIBIT C E FOURTH AMENDED AND RESTATED TERM LOAN PROMISSORY NOTE $SECURITY AGREEMENT THIS FOURTH AMENDED AND RESTATED SECURITY AGREEMENT, dated as of October [___________________ St. Louis], Missouri February 282000, 1996 FOR VALUE RECEIVED, the undersigned, DOANX XXXDUCTS COMPANYis executed by BELL XXXROPRODUCTS INC., a Delaware California corporation ("Borrower"), hereby promises to pay to the order of __________________________________________, a _______________________________ ________ ("Bank"), the principal sum of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. This Note is one of the Term Notes described in that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may financial institutions which are from time to time be amendedparties to the Restated Credit Agreement defined in Recital B below (collectively, the "Security AgreementLenders"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount AMOUNT OF AMOUNT OF TYPE PRINCIPAL MATURITY NOTATION DATE LOAN OF LOAN REPAID DATE MADE BY ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ EXHIBIT B FORM OF MONEY MARKET QUOTE REQUEST [Date] To: Morgxx Xxxranty Trust Company of Unpaid New York From: Littxx Xxxustries, Inc. Re: Credit Agreement (as amended from time to time, the "CREDIT AGREEMENT") dated as of Principal Principal Notation March 27, 1998 among the Borrower, the Banks parties thereto and Morgxx Xxxranty Trust Company of New York, as Agent We hereby give notice pursuant to Section 2.03 of the Credit Agreement that we request Money Market Quotes for the following proposed Money Market Borrowing(s): Date Loan Repaid Balance Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 108 - 115 EXHIBIT C AMENDED AND RESTATED TERM LOAN PROMISSORY NOTE $_of Borrowing: __________________ St. LouisPrincipal Amount(*) Interest Period(**) $ Such Money Market Quotes should offer a Money Market [Margin] [Absolute Rate]. [The applicable base rate is the London Interbank Offered Rate.] Terms used herein have the meanings assigned to them in the Credit Agreement. LITTXX XXXUSTRIES, Missouri February 28, 1996 FOR VALUE RECEIVED, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation ("Borrower"), hereby promises to pay to the order of __________________________________________, a ______INC. By:_________________________ Name: Title: -------- (*)Amount must be $15,000,000 or a larger multiple of $1,000,000. (**)Not less than one month (LIBOR Auction) or not less than 14 days (Absolute Rate Auction), subject to the provisions of the definition of Interest Period. EXHIBIT C FORM OF INVITATION FOR MONEY MARKET QUOTES To: [Name of Bank] Re: Invitation for Money Market Quotes to Littxx Xxxustries, Inc. (the "BORROWER") Pursuant to Section 2.03 of the Credit Agreement (as amended from time to time, the "CREDIT AGREEMENT") dated as of March 27, 1998 among the Borrower, the Banks parties thereto and the undersigned, as Agent, we are pleased on behalf of the Borrower to invite you to submit Money Market Quotes to the Borrower for the following proposed Money Market Borrowing(s): Date of Borrowing: __________________ Principal Amount Interest Period $ Such Money Market Quotes should offer a Money Market [Margin] [Absolute Rate]. [The applicable base rate is the London Interbank Offered Rate.] Please respond to this invitation by no later than [2:00 P.M.] [9:30 A.M.] ("Bank"), New York City time) on [date]. Terms used herein have the principal sum of ___meanings assigned to them in the Credit Agreement. MORGXX XXXRANTY TRUST COMPANY OF NEW YORK By:_________________________ Dollars Name: Title: Authorized Officer EXHIBIT D FORM OF MONEY MARKET QUOTE MORGXX XXXRANTY TRUST COMPANY OF NEW YORK, as Agent 60 Wxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000-0000 Xxtention: Re: Money Market Quote to Littxx Xxxustries, Inc. ($the "BORROWER") In response to your invitation on behalf of the Borrower dated _____________, 19__________) in seventeen (17) consecutive quarterly principal installments payable , we hereby make the following Money Market Quote on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. This Note is one of the Term Notes described in that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).following terms:
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Princi- Unpaid Princi- Amount of Principal Principal Loan pal Paid/Prepaid pal Balance ---------------- ---------------- -------------- Float- Euro- Float- Euro- Float- Euro- Notation Date Loan Repaid Balance ing Rate dollar ing Rate dollar ing Rate dollar Total Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 108 - 115 ---- -------- ------ -------- ------ -------- ------ ----- -------- ---- -------- ------ -------- ------ -------- ------ ----- -------- ---- -------- ------ -------- ------ -------- ------ ----- -------- ---- -------- ------ -------- ------ -------- ------ ----- -------- ---- -------- ------ -------- ------ -------- ------ ----- -------- ---- -------- ------ -------- ------ -------- ------ ----- -------- ---- -------- ------ -------- ------ -------- ------ ----- -------- ---- -------- ------ -------- ------ -------- ------ ----- -------- ---- -------- ------ -------- ------ -------- ------ ----- -------- ---- -------- ------ -------- ------ -------- ------ ----- -------- ---- -------- ------ -------- ------ -------- ------ ----- -------- ---- -------- ------ -------- ------ -------- ------ ----- -------- ---- -------- ------ -------- ------ -------- ------ ----- -------- ---- -------- ------ -------- ------ -------- ------ ----- -------- ---- -------- ------ -------- ------ -------- ------ ----- -------- ---- -------- ------ -------- ------ -------- ------ ----- -------- The aggregate unpaid principal amount shown on this schedule shall be rebuttable presumptive evidence of the principal amount owing and unpaid on this Note. The failure to record the date and amount of any loan on this schedule shall not, however, limit or otherwise affect the Company's obligations under the Credit Agreement or under this Note to repay the principal amount of the loans together with all interest accruing thereon. EXHIBIT C AMENDED AND RESTATED B TERM LOAN PROMISSORY NOTE $___________________ St. LouisDue:___________19,__ Northbrook, Missouri February 28Illinois, 1996 FOR VALUE RECEIVED__________, the 19__ The undersigned, DOANX XXXDUCTS COMPANYTRANS LEASING INTERNATIONAL, a Delaware corporation INC. (the "BorrowerCompany") for value received, promises to pay to the order of ______________________ (the "Bank"), hereby the principal sum of __________________________ DOLLARS in eight (8) consecutive equal installments payable on the last day of each March, June, September and December, commencing with the first such date to occur after the date of this Note. Capitalized terms not defined in this Note shall have the meanings provided in the Credit Agreement hereinafter referred to. The Company promises to pay interest on the unpaid principal amount hereof from time to time outstanding from the date hereof until payment in full at the rates per annum which shall be determined in accordance with the provisions of the Credit Agreement hereinafter referred to. Said interest shall be payable on each date provided for in the Credit Agreement; provided, however, that interest on any principal portion which is not paid when due shall be payable on demand. The portions of the principal sum hereof from time to time denominated as Floating Rate Loans or Eurodollar Loans, and payments of principal or interest thereof, shall be noted by the holder of this Note in its records, or at its option, on the grid schedule attached hereto. All payments of principal and interest under this Note shall be made in immediately available funds at the office of the Agent at Xxx Xxxxx Xxxxxxxx Xxxxx, Xxxxxxx, Xxxxxxxx 00000, or at such other address as the Agent shall notify the Company in writing. This Note is one of the Notes referred to in, evidences indebtedness incurred under, and is subject to the terms and provisions of that certain Credit Agreement (the "Credit Agreement"), dated as of _________, 1996 (and, if amended, all amendments thereto) between the Company and The First National Bank of Chicago ("First Chicago"), individually and as Agent, to which Credit Agreement reference is hereby made for a statement of said terms and provisions, including those under which this Note may be paid prior to its due date or its due date accelerated. In addition to and not in limitation of the foregoing and the provisions of the Credit Agreement, the Company further agrees, subject only to any limitation imposed by applicable law, to pay all expenses, including reasonable attorneys' fees and legal expenses, incurred by the holder of this Note in endeavoring to collect any amounts payable hereunder which are not paid when due, whether by acceleration or otherwise. This Note is made under and governed by the internal laws of the State of Illinois. TRANS LEASING INTERNATIONAL, INC. By______________________________ ADDRESS: Title:__________________________ 0000 Xxxxxx Xxxx Xxxxxxxxxx, Xxxxxxxx 00000 Schedule attached to Note dated ____________________, 19__ of TRANS LEASING INTERNATIONAL, INC., payable to the order of __________________________________________, a . LOANS ----- Amount of Loan ---------------------------- Notation Date Floating Rate Eurodollar Total Made By ---- -------------- ----------- ------- ---------- ---- -------------- ----------- ------- ---------- ---- -------------- ----------- ------- ---------- ---- -------------- ----------- ------- ---------- ---- -------------- ----------- ------- ---------- ---- -------------- ----------- ------- ---------- ---- -------------- ----------- ------- ---------- ---- -------------- ----------- ------- ---------- ---- -------------- ----------- ------- ---------- ---- -------------- ----------- ------- ---------- ---- -------------- ----------- ------- ---------- ---- -------------- ----------- ------- ---------- ---- -------------- ----------- ------- ---------- ---- -------------- ----------- ------- ---------- ---- -------------- ----------- ------- ---------- ---- -------------- ----------- ------- ---------- EXHIBIT C [Company's Letterhead] _______________, 19____ The First National Bank of Chicago Xxx Xxxxx Xxxxxxxx Xxxxx Xxxxxxx, Xxxxxxxx 00000 Attention: _____________ ________ ("Bank"), Ladies/Gentlemen: Reference is made to the principal sum Credit Agreement dated as of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. This Note is one of the Term Notes described in that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein 1996 (as the same may from time to time be amended, supplemented or otherwise modified, extended or renewed, the "Credit Agreement") between us and The First National Bank of Chicago ("First Chicago"), individually and as Agent. The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as All terms used herein which are defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note Agreement shall have the respective meanings ascribed same meaning herein as therein. Pursuant to them in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description terms of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, we hereby confirm the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).following:
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid of Principal Principal Notation Date Loan Repaid Balance Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 108 - 115 EXHIBIT C AMENDED =============================================================================== CURRENCY AMOUNT AND RESTATED TERM OF DATE AMOUNT TYPE PRINCIPAL UNPAID OF OF OF INTEREST PAID OR PRINCIPAL NOTATION LOAN PROMISSORY LOAN PERIOD PREPAID BALANCE ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- =============================================================================== SWING LINE REVOLVING NOTE $___U.S.$________________ St. LouisCleveland, Missouri February 28Ohio _________, 1996 1997 FOR VALUE RECEIVED, the undersignedundersigned CTB, DOANX XXXDUCTS COMPANYINC., a Delaware an Indiana corporation (herein, together with its successors and assigns, the "BorrowerBORROWER"), hereby promises to pay to the order of __________________________________________, a _______________________________ ________ (the "BankLENDER"), in lawful money of the United States of America in immediately available funds, at the applicable Payment Office (such term and certain other terms used herein without definition shall have the meanings ascribed thereto in the Agreement referred to below) of KeyBank National Association (the "ADMINISTRATIVE AGENT"), the principal sum of ____________________________ Dollars DOLLARS ($_______________________$ ) in seventeen (17) consecutive quarterly principal installments payable on the last day of each Marchor, Juneif less, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term all Swing Line Revolving Loans made by the Lender to the Borrower pursuant to the Agreement. The Borrower will pay the principal amount of any Swing Line Revolving Loan on the dates maturity date specified therefor in the Notice of Borrowing relating thereto, which maturity date shall in no event be more than one month following the date such Swing Line Revolving Loan was made. The Borrower promises also to pay interest on the unpaid principal amount of each Swing Line Revolving Loan made by the Lender in like money at said office from the date hereof until paid at the rates and at the rate or rates times provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency section 2.8 of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000Agreement. This Note is one of the Term Notes described referred to in that certain Amended and Restated Revolving the Credit and Term Credit Agreement Agreement, dated as of August 15, 1997, among the date hereof by and between Borrower, Agent and the Banks other Borrowers named therein (as therein, the same may financial institutions from time to time be amendedparty thereto (including the Lender), modifiedand KeyBank National Association, extended or renewedas Administrative Agent (as from time to time in effect, the "Credit AgreementAGREEMENT"). The Credit Agreement, among other things, contains provisions for acceleration and is entitled to the benefits thereof and of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow other Credit Documents (as defined in the Credit Agreement) on the dates and ). As provided in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon Agreement, this Note is subject to mandatory prepayment prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Swing Line Revolving Loan, in whole or in part. In case an Event of Default under the Credit Agreementshall occur and be continuing, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any principal of the Deeds of Trust, the entire outstanding principal balance of and accrued interest on this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that The Borrower hereby waives presentment, demand, protest or notice of any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank kind in connection with bankruptcy this Note. No failure to exercise, or insolvency proceedings relating heretodelay in exercising, Borrower hereby agrees to pay to any rights hereunder on the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws part of the State holder hereof shall operate as a waiver of Missouri (without reference to conflict of law principles).any such rights. THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF OHIO. CTB, INC. By: ---------------------------------- Vice President & Chief Financial Officer
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Amount of Principal Principal Maturity Notation Date Loan Type of Loan Repaid Balance Date Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 108 - 115 ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ EXHIBIT C AMENDED AND RESTATED TERM LOAN PROMISSORY B SWINGLINE NOTE $________'_____ ______________ St. LouisFor value received, Missouri February 28, 1996 FOR VALUE RECEIVED, the undersigned, DOANX XXXDUCTS COMPANY[MASCO CORPORATION, a Delaware corporation] [MASCO EUROPE S.A.R.L., a corporation organized under the laws of Luxembourg] (the "Borrower"), hereby promises to pay to the order of __________________________________________, a _______________________________ ________ ("Bank"), the principal sum of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on One, NA (the aggregate "Swingline Lender"), for the account of its Applicable Lending Office, the unpaid principal amount of each Swingline Loan made by the Swingline Lender to the Borrower pursuant to the Credit Agreement referred to below on the day required under the Credit Agreement referred to below. The Borrower promises to pay interest on the unpaid principal amount of each such Term Swingline Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basisAgreement. All such payments of principal and interest shall be made in lawful currency the relevant Agreed Currency at the relevant office of the United States in Federal or other immediately available funds at Agent and as required under the office of Mercantile Bank of St. Louis National AssociationCredit Agreement referenced below. All Swingline Loans made by the Swingline Lender, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. This Note is one respective types and maturities thereof and all repayments of the Term Notes described in principal thereof may be recorded by the Swingline Lender and, prior to any transfer hereof, appropriate notations to evidence the foregoing information with respect to each such Loan then outstanding shall be endorsed by the Swingline Lender on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof, provided that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration failure of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior Swingline Lender to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and make any such principal amount prepaid may recordation or endorsement shall not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have affect the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description obligations of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default hereunder or under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 1 contract
Samples: 5 Year Revolving Credit Agreement (Masco Corp /De/)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Currency and of Date Amount of Type Principal Unpaid of of of Interest Paid or Principal Principal Made Notation Date Loan Repaid Loan Period Prepaid Balance Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 108 - 115 ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- EXHIBIT C AMENDED AND RESTATED TERM LOAN PROMISSORY A-4 SWING LINE NOTE $___________________ St. Louis5,000,000 Cleveland, Missouri February 28Ohio May 25, 1996 2000 FOR VALUE RECEIVED, the undersignedundersigned STONERIDGE, DOANX XXXDUCTS COMPANYINC., a Delaware an Ohio corporation (herein, together with its successors and assigns, the "Borrower"), hereby promises to pay to the order of __________________________________________NATIONAL CITY BANK (the "Lender"), in lawful money of the United States of America and in immediately available funds, at the Payment Office (such term and certain other terms used herein without definition shall have the meanings ascribed thereto in the Credit Agreement referred to below) of National City Bank (the "Administrative Agent"), the principal sum of FIVE MILLION DOLLARS AND NO CENTS ($5,000,000.00) or, if less, the then unpaid principal amount of all Swing Line Loans made by the Lender to the Borrower pursuant to the Credit Agreement. The unpaid principal amount of each Swing Line Loan shall be due and payable on the first Business Day following the date such Swing Line Loan is made, subject to the right of the Borrower to reborrow Swing Line Loans in accordance with and subject to the terms and conditions of the Credit Agreement. The Borrower promises also to pay interest in like currency and funds at the Payment Office on the unpaid principal amount of each Swing Line Loan made by the Lender from the date of such Swing Line Loan until paid at the rates and at the times provided in section 2.7 of the Credit Agreement. This Note is the Swing Line Note referred to in the Credit Agreement, dated as of December 30, 1998, as amended, among the Borrower, the financial institutions from time to time party thereto (including the Lender), the other Agents from time to time party thereto, and National City Bank, as Administrative Agent (as from time to time in effect, the "Credit Agreement"), and is entitled to the benefits thereof and of the other Credit Documents. As provided in the Credit Agreement, this Note is subject to mandatory prepayment prior to the maturity of any Swing Line Loan, in whole or in part. In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this Note may be declared to be due and payable in the manner and with the effect provided in the Credit Agreement. The Borrower hereby waives presentment, demand, protest or notice of any kind in connection with this Note. No failure to exercise, or delay in exercising, any rights hereunder on the part of the holder hereof shall operate as a _________waiver of any such rights. THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF OHIO. STONERIDGE, INC. By: ______________________ ________ ("Bank"), the principal sum Title: LOANS AND PAYMENTS OF PRINCIPAL ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- Amount of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day Date Amount Principal Unpaid of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Interest Rate Paid or Principal Made Notation Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. This Note is one of the Term Notes described in that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).Prepaid Balance By ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- ---------------- ----------------- -------------- ----------------------- ---------------------- ------------------- EXHIBIT G FORM OF ELECTION TO PARTICIPATE [Date]
Appears in 1 contract
Samples: Credit Agreement (Stoneridge Inc)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Foreign Currency Amount of Unpaid Date Amount of Loan or Base Rate Loan Principal Principal Repaid Maturity Date Notation Date Loan Repaid Balance Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 108 - 115 by ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- EXHIBIT C AMENDED AND RESTATED TERM LOAN PROMISSORY NOTE $___________________ St. LouisB-1 ----------- OPINION OF WEIL, Missouri February 28GOTSHAL & MANGES Special Counsel to the Borrower May 26, 1996 FOR VALUE RECEIVED2000 To the Banks and the Administrative Agent referred to herein c/o Wachovia Bank, the undersignedN.A., DOANX XXXDUCTS COMPANYas Administrative Agent 191 Peachtree Street, N.E. Atlanta, Georgia 30303-1757 Attn: Synxxxxxxxxx Xxxxx Xxxxxxxxx: Xx xxxx acted as special counsel to Guilford Mills, Inc., a Delaware corporation (the "BorrowerCompany"), hereby promises to pay to in cxxxxxxxxx xxxx the order execution and delivery of, and the consummation of _______________________________________the transactions contemplated by, the Credit Agreement, dated as of May ___, a _______________________________ ________ 2000 ("Bank"), the principal sum of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. This Note is one of the Term Notes described in that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other thingsthe Company, contains provisions the banks listed on the signature pages thereof (the "Banks"), Wachovia Bank, N.A., as Administrative Agent (the "Administrative Agent"), First Union National Bank, as Syndication Agent and Bank One, N.A., as Documentation Agent, pursuant to which the Company has established with the Banks a revolving credit facility for acceleration an aggregate principal amount of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as up to $130,000,000. Terms defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used Agreement and not otherwise defined in this Note shall have herein are used herein with the respective meanings ascribed to them in the Credit Agreementas so defined. This Note opinion is further secured by that certain Security Agreement dated as being delivered to you pursuant to Section 3.01(c) of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In so acting, we have examined originals or copies (certified or otherwise identified to our satisfaction) of the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwiseLoan Documents and the Intercreditor Agreement, and such corporate records, agreements, documents and other instruments, and such certificates or comparable documents of public officials and of officers and representatives of the Company, and have made such inquiries of such officers and representatives, as we have deemed relevant and necessary as a basis for the opinions hereinafter set forth. In such examination, we have assumed the genuineness of all signatures, the legal capacity of natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified, conformed or photostatic copies and the authenticity of the originals of such latter documents. As to all questions of fact material to this Note shall be placed opinion that have not been independently established, we have relied upon certificates or comparable documents of officers and representatives of the Company and upon the representations and warranties of the Company contained in the hands of an attorney Loan Documents executed on or attorneys for collectionbefore the date hereof to which it is a party (collectively, or if foreclosure the "Company Documents"). We have also assumed (i) that the Company has the requisite corporate power and authority to enter into and perform the Company Documents, (ii) the due authorization, execution and delivery of the Security AgreementCompany Documents by the Company, (iii) the valid existence of each Guarantor, (iv) that each Guarantor has the requisite corporate power and authority to enter into and perform the Loan Documents executed on or before the date hereof to which it is a party (collectively, the Pledge Agreement"Guarantor Documents") and (v) the due authorization, the Collateral Assignment or under any execution and delivery of the Deeds Guarantor Documents by each Guarantor. We have also assumed the validity and enforceability of Trust is the obligations of the Company and each of the Guarantors under taken by the Agent or Bank, or if this Note shall be placed in Loan Documents under the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference Georgia. As used herein, "to conflict our knowledge" and "of law principles).which we are aware" mean the conscious awareness of facts or other information by any lawyer in our firm actively involved in the transactions contemplated by the Loan Documents. Based on the foregoing, and subject to the qualifications stated herein, we are of the opinion that:
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount TYPE AMOUNT OF OF DATE AMOUNT LOAN/ PRINCIPAL UNPAID OF OF OR PAID OR PRINCIPAL MADE NOTATION LOAN INTEREST MATURITY PREPAID BALANCE BY RATE ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- ------------------ ------------------- ---------------- ----------------- -------------- ------------- ------------- 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--------------- ---------------- --------------- ---------------- --------------- --------------- EXHIBIT B-1 NOTICE OF BORROWING [Date] KeyBank National Association, as Administrative Agent for the Lenders party to the Credit Agreement referred to below 127 Xxxxxx Xxxxxx Xxxxxxxxx, Xxxx 00000 Attention: Large Corporate Group --------------------------- Re: Notice of Unpaid of Principal Principal Notation Date Loan Repaid Balance Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ 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------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 108 - 115 EXHIBIT C AMENDED AND RESTATED TERM LOAN PROMISSORY NOTE $___________________ St. Louis, Missouri February 28, 1996 FOR VALUE RECEIVED, the Borrowing under Credit Agreement ---------------------- Ladies and Gentlemen: The undersigned, DOANX XXXDUCTS COMPANYHawk Corporation, a Delaware corporation (the "BorrowerBORROWER"), hereby promises to pay refers to the order Credit Agreement, dated as of __________________________________________May 1, a _______________________________ ________ 1998 (as amended from time to time, the "BankCREDIT AGREEMENT", the terms defined therein being used herein as therein defined), among the Borrower, the financial institutions from time to time party thereto (the "LENDERS"), the principal sum of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis KeyBank National Association, as agent Administrative Agent for Bank (the "Agent")such Lenders, located at 721 Xxxxxx Xxxxxxand hereby gives you notice, Xx. Xxxxxirrevocably, Xxxxxxxx 00000. This Note is one pursuant to section 2.3(a) of the Term Notes described in that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of that the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in undersigned hereby requests one or more Borrowings under the Credit Agreement) on the dates , and in the amounts set that connection sets forth in Section 5.3 therein and voluntary prepayments on account the schedule attached hereto the information relating to each such Borrowing (collectively the "PROPOSED BORROWING") as required by section 2.3(a) of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by The Borrower hereby specifies that certain Security Agreement dated the Proposed Borrowing will consist of Loans as of October 5, 1995 and as amended indicated in the schedule attached hereto. The Borrower hereby certifies that the following statements are true on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time will be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended true on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).Proposed Borrowing:
Appears in 1 contract
Samples: Credit Agreement (Hawk Corp)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount =============================================================================================================== AMOUNT OF DATE AMOUNT TYPE PRINCIPAL UNPAID OF OF OF INTEREST PAID OR PRINCIPAL MADE NOTATION LOAN LOAN PERIOD PREPAID BALANCE BY =============================================================================================================== --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- 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--------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- =============================================================================================================== EXHIBIT B-1 NOTICE OF BORROWING [Date] National City Bank, as Administrative Agent for the Lenders party to the Credit Agreement referred to below 1900 Xxxx Xxxxx Xxxxxx Xxxxxxxxx, Xxxx 00000 Attention: Metro/Ohio Division ------------------- Re: Notice of Unpaid of Principal Principal Notation Date Loan Repaid Balance Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ 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- 108 - 115 EXHIBIT C AMENDED AND RESTATED TERM LOAN PROMISSORY NOTE $___________________ St. Louis, Missouri February 28, 1996 FOR VALUE RECEIVED, the Borrowing under Credit Agreement ---------------------- Ladies and Gentlemen: The undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation Royal Appliance Mfg. Co. (the "BorrowerBORROWER"), hereby promises to pay refers to the order Credit Agreement, dated as of __________________________________________May 1, a _______________________________ ________ 1998 (as amended from time to time, the "BankCREDIT AGREEMENT", the terms defined therein being used herein as therein defined), among the principal sum of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. This Note is one of the Term Notes described in that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein (as the same may financial institutions from time to time be amended, modified, extended or renewed, party thereto (the "Credit AgreementLENDERS"). The , and National City Bank, as Administrative Agent for such Lenders, and hereby gives you notice, irrevocably, pursuant to section 2.3(a) of the Credit Agreement, among other things, contains provisions for acceleration of that the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in undersigned hereby requests one or more Borrowings under the Credit Agreement) on the dates , and in the amounts set that connection sets forth in Section 5.3 therein and voluntary prepayments on account the schedule attached hereto the information relating to each such Borrowing (collectively the "PROPOSED BORROWING") as required by section 2.3(a) of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by The Borrower hereby specifies that certain Security Agreement dated the Proposed Borrowing will consist of Loans as of October 5, 1995 and as amended indicated in the schedule attached hereto. The Borrower hereby certifies that the following statements are true on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time will be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended true on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).Proposed Borrowing:
Appears in 1 contract
Samples: Credit Agreement (Royal Appliance Manufacturing Co)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid of Principal Principal Notation Date Loan Repaid Balance Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 108 - 115 TYPE AMOUNT OF OF DATE AMOUNT LOAN / OR PRINCIPAL UNPAID OF OF INTEREST PAID OR PRINCIPAL MADE NOTATION LOAN RATE MATURITY PREPAID BALANCE BY ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- EXHIBIT C AMENDED AND RESTATED TERM LOAN PROMISSORY NOTE $___________________ St. LouisB-1 NOTICE OF BORROWING [Date] National City Bank, Missouri February 28as Administrative Agent for the Lenders party to the Credit Agreement referred to below 1900 East Ninth Street Cleveland, 1996 FOR VALUE RECEIVEDOhio 44114 Attention: Agency Xxxxxxxx Xxxxx XX: XXXICE OF BORROWING UNDER THE CREDIT AGREEMENT, the DATED AS OF AUGUST 7, 2003 Ladies and Gentlemen: The undersigned, DOANX XXXDUCTS COMPANYOM Group, a Delaware corporation Inc. (the "BorrowerBORROWER"), hereby promises to pay refers to the order Credit Agreement, dated as of __________________________________________August 7, a _______________________________ ________ 2003 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the "BankCREDIT AGREEMENT", the terms defined therein being used herein as therein defined), among the principal sum of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. This Note is one of the Term Notes described in that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein (as the same may financial institutions from time to time be amended, modified, extended or renewed, party thereto (the "Credit AgreementLENDERS"). The , and National City Bank, as Administrative Agent for such Lenders, and hereby gives you notice, irrevocably, pursuant to section 2.3(a) of the Credit Agreement, among other things, contains provisions for acceleration of that the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in undersigned hereby requests one or more Borrowings under the Credit Agreement) on the dates , and in the amounts set that connection sets forth in Section 5.3 therein and voluntary prepayments on account the schedule attached hereto the information relating to each such Borrowing (collectively the "PROPOSED BORROWING") as required by section 2.3(a) of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by The undersigned hereby specifies that certain Security Agreement dated the Proposed Borrowing will consist of Loans as of October 5, 1995 and as amended indicated in the schedule attached hereto. The undersigned hereby certifies that the following statements are true on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time will be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended true on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).Proposed Borrowing:
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid of Principal Principal Notation Date Loan Repaid Balance Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ 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------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 108 - 115 EXHIBIT C AMENDED AND RESTATED TERM AMOUNT OF DATE AMOUNT TYPE PRINCIPAL UNPAID OF OF OF INTEREST PAID OR PRINCIPAL MADE NOTATION LOAN PROMISSORY LOAN PERIOD PREPAID BALANCE BY ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- SWING LINE REVOLVING NOTE $________________ Cleveland, Ohio ________ St. Louis, Missouri February 28, 1996 1998 FOR VALUE RECEIVED, the undersigned, DOANX XXXDUCTS COMPANYundersigned HAWK CORPORATION, a Delaware corporation (herein, together with its successors and assigns, the "BorrowerBORROWER"), hereby promises to pay to the order of __________________________________________, a _______________________________ ________ (the "BankLENDER"), in lawful money of the United States of America in immediately available funds, at the Payment Office (such term and certain other terms used herein without definition shall have the meanings ascribed thereto in the Agreement referred to below) of KeyBank National Association (the "ADMINISTRATIVE AGENT"), the principal sum of ____________________________ Dollars DOLLARS ($_______________________$ ) in seventeen (17) consecutive quarterly principal installments payable on the last day of each Marchor, Juneif less, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term all Swing Line Revolving Loans made by the Lender to the Borrower pursuant to the Agreement. The Borrower will pay the principal amount of any Swing Line Revolving Loan on the dates maturity date specified therefor in the Notice of Borrowing relating thereto, which maturity date shall in no event be more than 7 days following the date such Swing Line Revolving Loan was made. The Borrower promises also to pay interest on the unpaid principal amount of each Swing Line Revolving Loan made by the Lender in like money at said office from the date hereof until paid at the rates and at the rate or rates times provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency section 2.8 of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000Agreement. This Note is one of the Term Swing Line Revolving Notes described referred to in that certain Amended and Restated Revolving the Credit and Term Credit Agreement Agreement, dated as of May 1, 1998, among the date hereof by and between Borrower, Agent and the Banks named therein (as the same may financial institutions from time to time be amendedparty thereto (including the Lender), modifiedand KeyBank National Association, extended or renewedas Administrative Agent (as from time to time in effect, the "Credit AgreementAGREEMENT"). The Credit Agreement, among other things, contains provisions for acceleration and is entitled to the benefits thereof and of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow other Credit Documents (as defined in the Credit Agreement) on the dates and ). As provided in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon Agreement, this Note is subject to mandatory prepayment prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Swing Line Revolving Loan, in whole or in part. In case an Event of Default under the Credit Agreementshall occur and be continuing, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any principal of the Deeds of Trust, the entire outstanding principal balance of and accrued interest on this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that The Borrower hereby waives presentment, demand, protest or notice of any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank kind in connection with bankruptcy this Note. No failure to exercise, or insolvency proceedings relating heretodelay in exercising, Borrower hereby agrees to pay to any rights hereunder on the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws part of the State holder hereof shall operate as a waiver of Missouri (without reference to conflict of law principles).any such rights. THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF OHIO. HAWK CORPORATION By: ------------------------------ Vice President-Finance 84
Appears in 1 contract
Samples: Credit Agreement (Hawk Corp)
LOANS AND PAYMENTS OF PRINCIPAL. 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------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 108 - 115 AMOUNT OF DATE AMOUNT TYPE PRINCIPAL UNPAID OF OF OF INTEREST PAID OR PRINCIPAL MADE NOTATION LOAN LOAN PERIOD PREPAID BALANCE BY ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- 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------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- ------------------ --------------- ---------------- --------------- ---------------- --------------- --------------- EXHIBIT C AMENDED AND RESTATED TERM LOAN PROMISSORY A-2 GENERAL REVOLVING NOTE $_______________ Cleveland, Ohio ________ St. Louis, Missouri February 28, 1996 1998 FOR VALUE RECEIVED, the undersigned, DOANX XXXDUCTS COMPANYundersigned HAWK CORPORATION, a Delaware corporation (herein, together with its successors and assigns, the "BorrowerBORROWER"), hereby promises to pay to the order of __________________________________________, a _______________________________ ________ (the "BankLENDER"), in lawful money of the United States of America in immediately available funds, at the Payment Office (such term and certain other terms used herein without definition shall have the meanings ascribed thereto in the Agreement referred to below) of KeyBank National Association (the "ADMINISTRATIVE AGENT"), on the General Revolving Maturity Date, the principal sum of ____________________________ Dollars DOLLARS ($_______________________$ ) in seventeen (17) consecutive quarterly principal installments payable on the last day of each Marchor, Juneif less, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan all General Revolving Loans made by the Lender to the Borrower pursuant to the Agreement. The Borrower promises also to pay interest on the dates unpaid principal amount of each General Revolving Loan made by the Lender to the Borrower in like money at said office from the date hereof until paid at the rates and at the rate or rates times provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency section 2.8 of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000Agreement. This Note is one of the Term General Revolving Notes described referred to in that certain Amended and Restated Revolving the Credit and Term Credit Agreement Agreement, dated as of May 1, 1998, among the date hereof by and between Borrower, Agent and the Banks named therein (as the same may financial institutions from time to time be amendedparty thereto (including the Lender), modifiedand KeyBank National Association, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow as Administrative Agent (as defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amendedin effect, the "Security AgreementAGREEMENT"), and is entitled to which Security Agreement reference is hereby made for a description the benefits thereof and of the security and a statement of other Credit Documents. As provided in the terms and conditions upon which Agreement, this Note is further securedsubject to mandatory prepayment prior to the General Revolving Maturity Date, in whole or in part. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any In case an Event of Default under the Credit Agreementshall occur and be continuing, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any principal of the Deeds of Trust, the entire outstanding principal balance of and accrued interest on this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that The Borrower hereby waives presentment, demand, protest or notice of any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank kind in connection with bankruptcy this Note. No failure to exercise, or insolvency proceedings relating heretodelay in exercising, Borrower hereby agrees to pay to any rights hereunder on the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws part of the State holder hereof shall operate as a waiver of Missouri (without reference to conflict of law principles).any such rights. THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF OHIO. HAWK CORPORATION By: ----------------------------- Vice President-Finance
Appears in 1 contract
Samples: Credit Agreement (Hawk Corp)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid of Principal Principal Notation Date Loan Repaid Balance Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 108 - 115 AMOUNT OF DATE AMOUNT TYPE PRINCIPAL UNPAID OF OF OF INTEREST PAID OR PRINCIPAL MADE NOTATION LOAN LOAN PERIOD PREPAID BALANCE BY ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- EXHIBIT C AMENDED AND RESTATED TERM LOAN PROMISSORY A-2 SWING LINE NOTE $____________ Cleveland, Ohio ________, 20__ St. Louis, Missouri February 28, 1996 FOR VALUE RECEIVED, the undersignedundersigned OM GROUP, DOANX XXXDUCTS COMPANYINC., a Delaware corporation (herein, together with its successors and assigns, the "BorrowerBORROWER"), hereby promises to pay to the order of _______________________ (the "LENDER"), in lawful money of the United States of America and in immediately available funds, at the Payment Office (such term and certain other terms used herein without definition shall have the meanings ascribed thereto in the Credit Agreement referred to below) of National City Bank (the "ADMINISTRATIVE AGENT"), the principal sum of ________________ DOLLARS AND ____ CENTS ($___) or, if less, the then unpaid principal amount of all Swing Line Loans made by the Lender (or any of its predecessors in interest with respect hereto) to the Borrower pursuant to the Credit Agreement. The Borrower will pay the principal amount of any Swing Line Loan on the maturity date specified therefor in the Notice of Borrowing relating thereto, which maturity date shall in no event be more than one Business Day following the date such Swing Line Loan was made. The Borrower promises also to pay interest in like currency and funds at the Payment Office on the unpaid principal amount of each Swing Line Loan made by the Lender from the date of such Swing Line Loan until paid at the rates and at the times provided in section 2.7 of the Credit Agreement. This Note is one of the Swing Line Notes referred to in the Credit Agreement, dated as of August 7, 2003, 2003, among the Borrower, the financial institutions from time to time party thereto (including the Lender), and National City Bank, as Administrative Agent (as from time to time in effect, the "CREDIT AGREEMENT"), and is entitled to the benefits thereof and of the other Credit Documents. As provided in the Credit Agreement, this Note is subject to mandatory prepayment prior to the maturity date of any Swing Line Loan or the Maturity Date, in whole or in part. In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this Note may be declared to be due and payable in the manner and with the effect provided in the Credit Agreement. The Borrower hereby waives presentment, demand, protest or notice of any kind in connection with this Note. No failure to exercise, or delay in exercising, any rights hereunder on the part of the holder hereof shall operate as a __waiver of any such rights. THE BORROWER HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THE CREDIT AGREEMENT AND THIS NOTE, OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. THE BORROWER (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY TO THE CREDIT AGREEMENT HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, AND (B) ACKNOWLEDGES THAT THE OTHER PARTIES TO THE CREDIT AGREEMENT HAVE BEEN INDUCED TO ENTER INTO THE CREDIT AGREEMENT BY, AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS IN THIS PARAGRAPH. THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF OHIO. OM GROUP, INC. By: _____________________________ ________ ("Bank"), the principal sum of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. This Note is one of the Term Notes described in that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).Title:
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Principal Date Amount of Principal Principal Type of Loan Prepaid Notation Date Made Loan Repaid Balance Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 108 - 115 EXHIBIT C AMENDED AND RESTATED TERM LOAN PROMISSORY NOTE $___________________ St. Louis----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- XXXXXXX X-0 XXXX Xxx Xxxx, Missouri February 28Xxx Xxxx January 21, 1996 FOR VALUE RECEIVED1997 For value received, the undersigned, DOANX XXXDUCTS COMPANYGT INTERACTIVE SOFTWARE CORP., a Delaware corporation (the "BorrowerBORROWER"), hereby promises to pay to the order of __________________________________________, a _______________________________ ________ NBD Bank (the "Bank"), the principal sum of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of each Loan made by the Bank to the Borrower pursuant to the Credit Agreement referred to below on the maturity date provided for in the Credit Agreement. The Borrower promises to pay interest on the unpaid principal amount of each such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basisAgreement. All such payments of principal and interest shall be made in lawful currency money of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located Agent at 721 Xxxxxx 452 Xxxxx Xxxxxx, Xx. XxxxxXxx Xxxx, Xxxxxxxx Xxx Xxxx 00000. All Loans made by the Bank, the respective types thereof and all repayments of the principal thereof shall be recorded by the Bank and, if the Bank so elects in connection with any transfer or enforcement hereof appropriate notations to evidence the foregoing information with respect to each such Loan then outstanding may be endorsed by the Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof provided that the failure of the Bank to make any such recordation or endorsement shall not affect the obligations of the Borrower hereunder or under the Credit Agreement. This Note note is one of the Term Notes described referred to in that certain Amended and Restated Revolving Credit and Term the Credit Agreement dated as of January __, 1997 among the date hereof by and between Borrower, the banks listed on the signature pages thereof, the Letter of Credit Issuing Bank party thereto and Republic National Bank of New York, as Agent and the Banks named therein (as the same may be amended from time to time be amended, modified, extended or renewedtime, the "Credit AgreementCREDIT AGREEMENT"). The Terms defined in the Credit Agreement, among other things, contains Agreement are used herein with the same meanings. Reference is made to the Credit Agreement for provisions for the prepayment hereof and the acceleration of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount ========================================================================================= AMOUNT TYPE OF OF DATE AMOUNT LOAN/OR PRINCIPAL UNPAID OF OF INTEREST PAID OR PRINCIPAL MADE NOTATION LOAN RATE MATURITY PREPAID BALANCE BY ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- 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----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- ========================================================================================= NOTICE OF BORROWING [Date] KeyBank National Association, as Administrative Agent for the Lenders party to the Credit Agreement referred to below 127 Xxxxxx Xxxxxx Xxxxxxxxx, Xxxx 00000 Attention: Large Corporate Group Re: Notice of Unpaid Borrowing under Credit Agreement, dated as of Principal Principal Notation Date Loan Repaid Balance Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ 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------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ - 108 - 115 August 15, 1997, to which CTB, Inc. is a party ----------------------------------------------- Ladies and Gentlemen: The undersigned, CTB, Inc. (the "COMPANY"), refers to the Credit Agreement, dated as of August 15, 1997 (as amended from time to time, the "CREDIT AGREEMENT", the terms defined therein being used herein as therein defined), among the Company, the other Borrowers named therein, the financial institutions from time to time party thereto (the "LENDERS"), and KeyBank National Association, as Administrative Agent for such Lenders, and hereby gives you notice, irrevocably, pursuant to section 2.3(a) of the Credit Agreement, that the undersigned hereby requests one or more Borrowings under the Credit Agreement, and in that connection sets forth in the schedule attached hereto the information relating to each such Borrowing (collectively the "PROPOSED BORROWING") as required by section 2.3(a) of the Credit Agreement. The Company hereby specifies that the Proposed Borrowing will consist of Loans as indicated in the schedule attached hereto. The Company hereby certifies that the following statements are true on the date hereof, and will be true on the date of the Proposed Borrowing:
(A) the representations and warranties of the Credit Parties contained in the Credit Agreement and the other Credit Documents are and will be true and correct in all material respects, before and after giving effect to the Proposed Borrowing and to the application of the proceeds thereof, as though made on such date, except to the extent that such representations and warranties expressly relate to an earlier specified date, in which case such representations and warranties were true and correct in all material respects as of the date when made; and
(B) no Default or Event of Default has occurred and is continuing, or would result from such Proposed Borrowing or from the application of the proceeds thereof. Very truly yours, CTB, INC. By: -------------------------------- Title: BORROWING SCHEDULE PROPOSED BORROWING #1: NAME OF BORROWER: __________________ ============================================================================================= BUSINESS DAY INTEREST PERIOD OF AGGREGATE IF LOANS ARE PROPOSED TYPE OF AMOUNT EUROCURRENCY BORROWING FACILITY LOANS OF LOANS LOANS --------------------------------------------------------------------------------------------- ______, 19____ General Revolving Prime Rate Loans One Month Loans Eurocurrency Loans $____________ Two Months Swing Line Money Market Rate Three Months Revolving Loans Loans with rate of interest of ___% Alternative Six Months and maturity of Currency and ____ days Amount: [Circle one of above] [Circle one of [Circle and/or ------------- above] complete one of above] [Complete one of above] ============================================================================================= PROPOSED BORROWING #2: NAME OF BORROWER: __________________ ============================================================================================ BUSINESS DAY INTEREST PERIOD OF AGGREGATE IF LOANS ARE PROPOSED TYPE OF AMOUNT EUROCURRENCY BORROWING FACILITY LOANS OF LOANS LOANS -------------------------------------------------------------------------------------------- General Revolving Prime Rate Loans One Month ______, 19____ Loans Eurocurrency Loans $____________ Two Months Swing Line Revolving Money Market Rate Three Months Loans Loans with rate of Alternative interest of ___% Currency and Six Months and maturity of Amount: ____ days [Circle one of above] [Circle one of [Circle and/or __________ above] complete one of above] [Complete one of above] ============================================================================================ PROPOSED BORROWING #3: NAME OF BORROWER: __________________ ============================================================================================= BUSINESS DAY INTEREST PERIOD OF AGGREGATE IF LOANS ARE PROPOSED TYPE OF AMOUNT EUROCURRENCY BORROWING FACILITY LOANS OF LOANS LOANS --------------------------------------------------------------------------------------------- General Revolving Prime Rate Loans One Month ______, 19____ Loans Eurocurrency Loans $____________ Two Months Swing Line Money Market Rate Three Months Revolving Loans Loans with rate of Alternative interest of ___% Currency and Six Months and maturity of Amount: ____ days [Circle one of above] [Circle one of [Circle and/or __________ above] complete one of above] [Complete one of above] ============================================================================================= PROPOSED BORROWING #4: NAME OF BORROWER: __________________ ============================================================================================= BUSINESS DAY INTEREST PERIOD OF AGGREGATE IF LOANS ARE PROPOSED TYPE OF AMOUNT EUROCURRENCY BORROWING FACILITY LOANS OF LOANS LOANS --------------------------------------------------------------------------------------------- ______, 19____ General Revolving Prime Rate Loans One Month Loans Eurocurrency Loans $____________ Two Months Swing Line Money Market Rate Three Months Revolving Loans Loans with rate of Alternative interest of ___% Currency and Six Months and maturity of Amount: ____ days [Circle one of above] [Circle one of [Circle and/or __________ above] complete one of above] [Complete one of above] ============================================================================================= EXHIBIT C AMENDED AND RESTATED TERM LOAN PROMISSORY NOTE $B-2 NOTICE OF CONVERSION [Date] KeyBank National Association, as Administrative Agent for the Lenders party to the Credit Agreement referred to below 127 Xxxxxx Xxxxxx Xxxxxxxxx, Xxxx 00000 Attention: Large Corporate Group Re: Notice of Conversion under Credit Agreement, dated as of August 15, 1997, to which CTB, Inc. is a party ----------------------------------------------- Ladies and Gentlemen: The undersigned, CTB, Inc. (the "COMPANY"), refers to the Credit Agreement, dated as of August 15, 1997 (as amended from time to time, the "CREDIT AGREEMENT", the terms defined therein being used herein as therein defined), among the Company, the other Borrowers named therein, the financial institutions from time to time party thereto (the "LENDERS"), and KeyBank National Association, as Administrative Agent for such Lenders, and hereby gives you notice, irrevocably, pursuant to section 2.7(a) of the Credit Agreement, that the Company hereby requests one or more conversions of General Revolving Loans denominated in Dollars of one Type into General Revolving Loans of another Type, pursuant to section 2.7(a) of the Credit Agreement, and in that connection sets forth in the schedule attached hereto the information relating to each such conversion. Very truly yours, CTB, INC. By: -------------------------------------- Title: CONVERSION SCHEDULE PROPOSED CONVERSION #1 [OF THE LOANS DESCRIBED IN THE FIRST TABLE BELOW INTO LOANS DESCRIBED IN THE SECOND TABLE BELOW] NAME OF APPLICABLE BORROWER: ___________________ St. Louis=============================================================================== DATE INTEREST PERIOD OF AGGREGATE AMOUNT IF LOANS ARE LOANS TYPE OF LOANS OF LOANS EUROCURRENCY LOANS ------------------------------------------------------------------------------- Prime Rate Loans One Month __________, Missouri February 2819____ Eurocurrency Loans $_____________ Two Months Three Months [Circle One of Above] Six Months [Circle one of above] ============================================================================== =============================================================================== DATE INTEREST PERIOD OF AGGREGATE AMOUNT IF LOANS ARE LOANS TYPE OF LOANS OF LOANS EUROCURRENCY LOANS ------------------------------------------------------------------------------- Prime Rate Loans One Month __________, 1996 FOR VALUE RECEIVED19____ Eurocurrency Loans $____________ Two Months Three Months [Circle One of Above] Six Months [Circle one of above] =============================================================================== PROPOSED CONVERSION #2 [OF THE LOANS DESCRIBED IN THE FIRST TABLE BELOW INTO LOANS DESCRIBED IN THE SECOND TABLE BELOW] NAME OF APPLICABLE BORROWER: ___________________ =============================================================================== DATE INTEREST PERIOD OF AGGREGATE AMOUNT IF LOANS ARE LOANS TYPE OF LOANS OF LOANS EUROCURRENCY LOANS ------------------------------------------------------------------------------- Prime Rate Loans One Month __________, 19____ Eurocurrency $_____________ Two Months Loans Three Months [Circle One of Above] Six Months [Circle one of above] =============================================================================== =============================================================================== DATE INTEREST PERIOD OF AGGREGATE AMOUNT IF LOANS ARE LOANS TYPE OF LOANS OF LOANS EUROCURRENCY LOANS ------------------------------------------------------------------------------- Prime Rate Loans One Month __________, 19____ Eurocurrency $_____________ Two Months Loans Three Months [Circle One of Above] Six Months [Circle one of above] =============================================================================== 100 EXHIBIT B-3 LETTER OF CREDIT REQUEST No. ______________1 Dated __________2 KeyBank National Association, as Administrative Agent for the Lenders party to the Credit Agreement referred to below 127 Xxxxxx Xxxxxx Xxxxxxxxx, Xxxx 00000 Attention: Large Corporate Group [Insert Name of applicable Letter of Credit Issuer, if other than KeyBank National Association] Re: Letter of Credit Request under Credit Agreement, dated as of August 15, 1997, to which CTB, Inc. is a party ------------------------------------------------ Ladies and Gentlemen: The undersigned, DOANX XXXDUCTS CTB, Inc. (the "COMPANY, a Delaware corporation ("Borrower"), hereby promises to pay refers to the order Credit Agreement, dated as of August 15, 1997 (as amended, modified or supplemented from time to time, the "CREDIT AGREEMENT", the capitalized terms defined therein being used herein as therein defined), among the Company, the other Borrowers named therein, the financial institutions from time to time party thereto (the "LENDERS"), and KeyBank National Association, as Administrative Agent for such Lenders. The Company hereby requests that _______________, as a Letter of Credit Issuer, issue a Letter of Credit on __________, 199_ (the "DATE OF ISSUANCE") in the aggregate amount of [U.S.$_______] [amount in specified Alternative Currency], for the account of ____________________. The beneficiary of the requested Letter of Credit will be_______________,3 and such Letter of Credit will be in support of __________________________________________, 4 and will have a _______________________________ ________ ("Bank"), the principal sum stated termination date of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on .5 The Company hereby certifies that after giving effect to the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount requested issuance of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order Letter of Bank interest on the aggregate unpaid principal amount of such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. This Note is one of the Term Notes described in that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).Credit: ---------------------------
Appears in 1 contract
LOANS AND PAYMENTS OF PRINCIPAL. 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----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- 60 EXHIBIT C AMENDED AND RESTATED TERM LOAN PROMISSORY NOTE $___________________ St. LouisB-1 OPINION OF COUNSEL FOR THE COMPANY [Effective Date] To the Banks and the Agent Referred to Below c/o Bank One, Missouri February 28, 1996 FOR VALUE RECEIVED, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation ("Borrower"), hereby promises to pay to the order of __________________________________________, a _______________________________ ________ ("Bank"), the principal sum of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturityNA, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Agent Bank interest on the aggregate unpaid principal amount of such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. XxxxxOne Xxxxx Xxxxxxx, Xxxxxxxx 00000. This Note is one of the Term Notes described in that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein (as the same may from time to time be amended, modified, extended or renewed, the "Credit Agreement"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).00000 Xxar Sirs:
Appears in 1 contract
Samples: 364 Day Revolving Credit Agreement (Masco Corp /De/)
LOANS AND PAYMENTS OF PRINCIPAL. Amount Amount of Unpaid Amount of Principal Principal Notation Date Loan Type Repaid Balance Made By ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ 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---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ ---------------- ---------------- ------------- ------------- ------------------ EXHIBIT C AMENDED AND RESTATED TERM LOAN PROMISSORY NOTE $___________________ St. Louis, Missouri February 28, 1996 FOR VALUE RECEIVED, the undersigned, DOANX XXXDUCTS COMPANY, a Delaware corporation ("Borrower"), hereby promises to pay Form of Assignment and Assumption Agreement Reference is made to the order of __________________________________________, a _______________________________ ________ ("Bank"), the principal sum of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360364-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, as agent for Bank (the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. This Note is one of the Term Notes described in that certain Amended and Restated Revolving Credit and Term Day Credit Agreement dated the date hereof by and between Borroweras of June 26, Agent and the Banks named therein 2001 (as the same may amended, restated, modified or supplemented from time to time be amended, modified, extended or renewedtime, the "Credit Agreement") among PPL Electric Utilities Corporation, a Pennsylvania corporation (the "Borrower"). The Credit Agreement, among other thingsthe Lenders from time to time party thereto, contains provisions for acceleration of the maturity hereof upon the occurrence of certain stated events First Union National Bank, as Administrative Agent and also for annual mandatory prepayments from Borrower's Excess Cash Flow (Issuing Lender, Citibank, N.A., as defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunderSyndication Agent, and any such principal amount prepaid may not thereafter be reborrowedBarclays Bank plc, Westdeutsche Landesbank Girozentrale, New York Branch and Bank One, N.A., as Documentation Agents. All capitalized Capitalized terms used and but not otherwise defined in this Note herein shall have the respective meanings ascribed to them thereto in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
Appears in 1 contract
Samples: 364 Day Credit Agreement (PPL Corp)
LOANS AND PAYMENTS OF PRINCIPAL. 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---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- EXHIBIT C AMENDED AND RESTATED TERM A-2 ----------- FORM OF SYNDICATED FOREIGN CURRENCY LOAN PROMISSORY NOTE $___________________ St. LouisAtlanta, Missouri February 28Georgia May 26, 1996 FOR VALUE RECEIVED2000 For value received, the undersignedGUILFORD MILLS, DOANX XXXDUCTS COMPANYINC., a Delaware corporation (the "Borrower"), hereby promises to pay to proxxxxx xx xxx xo the order of __________________________________________, a _______________________________ ________ (the "Bank"), for the account of its Lending Office, the outstanding principal sum of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due Foreign Currency Loans made by the Bank to the Borrower as Foreign Currency Loans pursuant to the Credit Agreement referred to below, on the dates and payable on September 30, 2000in the amounts provided in the Credit Agreement. The Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan this Note on the dates and at the rate or rates provided for Foreign Currency Loans in the Credit Agreement (herein defined)Agreement. The Interest on any overdue principal of and, to the extent permitted by law, overdue interest on the principal amount of hereof shall bear interest accruing hereunder shall be computed on an actual dayat the Default Rate, 360-day year basisas provided for in the Credit Agreement. All such payments of principal and interest shall be made in lawful currency money of the United States applicable Foreign Currency in Federal or other immediately available funds at the office of Mercantile Wachovia Bank, N.A., 191 Peachtree Street, N.E., Atlanta, Georgia 30303-1757, or such oxxxx xxxxxxx xx xxx xx xxxxxxxxx xxxx xxxx xx xxxx xxxxuant to the Credit Agreement. All Foreign Currency Loans made by the Bank, the respective maturities thereof, the interest rates from time to time applicable thereto, and all repayments of the principal thereof shall be recorded by the Bank and, prior to any transfer hereof, endorsed by the Bank on the schedule attached hereto, or on a continuation of St. Louis National Association, as agent for such schedule attached to and made a part hereof; provided that the failure of the Bank (to make any such recordation or endorsement shall not affect the "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000obligations of the Borrower hereunder or under the Credit Agreement. This Note is one of the Term Syndicated Foreign Currency Loan Notes described referred to in that certain Amended and Restated Revolving Credit and Term the Credit Agreement dated as of May 26, 2000 among the date hereof by and between Borrower, the Banks listed on the signature pages thereof, Wachovia Bank, N.A., as Administrative Agent, First Union National Bank, as Syndication Agent and the Banks named therein Bank One, N.A., as Documentation Agent (as the same may be amended and modified from time to time be amended, modified, extended or renewedtime, the "Credit Agreement"). The Terms defined in the Credit Agreement, among other things, contains Agreement are used herein with the same meanings. Reference is made to the Credit Agreement for provisions for the optional and mandatory prepayment and the repayment hereof and the acceleration of the maturity hereof upon hereof, as well as the occurrence obligation of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined the Borrower to pay all costs of collection, including reasonable attorneys fees, in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in event this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Syndicated Foreign Currency Loan Note is further secured collected by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment law or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of through an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof)at law. The Borrower hereby waives presentment for paymentpresentment, demand, protest, notice of demand, protest and nonpayment and any other notice of dishonor. - 110 - 117 This Note shall required by law relative hereto, except to the extent as otherwise may be governed by and construed expressly provided for in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles)Credit Agreement.
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LOANS AND PAYMENTS OF PRINCIPAL. 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---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- 125 EXHIBIT C AMENDED AND RESTATED TERM LOAN PROMISSORY NOTE $___________________ St. LouisG LSI GUARANTY THIS GUARANTY, Missouri February 28dated as of [ ], 1996 FOR VALUE RECEIVED1998, the undersigned, DOANX XXXDUCTS COMPANYis executed by LSI LOGIC CORPORATION, a Delaware corporation ("BorrowerGuarantor"), hereby promises to pay to the order in favor of __________________________________________ABN AMRO BANK N.V., a _______________________________ ________ ("Bank"), the principal sum of ____________________________ Dollars ($_______________________) in seventeen (17) consecutive quarterly principal installments payable on the last day of each March, June, September and December prior to maturity, as follows: two (2) equal consecutive quarterly principal installments in the amount of _____________________________________ Dollars ($__________________) each, due and payable commencing September 30, 1996, followed by four (4) equal consecutive quarterly principal installments in the amount of ______________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1997, followed by eight (8) equal consecutive quarterly principal installments in the amount of ____________________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 1998, followed by two (2) equal consecutive quarterly principal installments in the amount of _____________________________________________________________ Dollars ($__________________) each, due and payable commencing March 31, 2000, with the seventeenth (17th) and final installment in the amount of the then outstanding principal balance hereunder due and payable on September 30, 2000. Borrower further promises to pay to the order of Bank interest on the aggregate unpaid principal amount of such Term Loan on the dates and at the rate or rates provided for in the Credit Agreement (herein defined). The amount of interest accruing hereunder shall be computed on an actual day, 360-day year basis. All such payments of principal and interest shall be made in lawful currency of the United States in Federal or other immediately available funds at the office of Mercantile Bank of St. Louis National Association, acting as agent for Bank (the in such capacity, and each successor thereto in such capacity, "Agent"), located at 721 Xxxxxx Xxxxxx, Xx. Xxxxx, Xxxxxxxx 00000. This Note is one of ) for the Term Notes described in that certain Amended and Restated Revolving Credit and Term Credit Agreement dated the date hereof by and between Borrower, Agent and the Banks named therein (as the same may financial institutions which are from time to time be amendedparties to the Credit Agreement referred to in Recital A below (collectively, modified, extended or renewed, the "Credit AgreementLenders"). The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the occurrence of certain stated events and also for annual mandatory prepayments from Borrower's Excess Cash Flow (as defined in the Credit Agreement) on the dates and in the amounts set forth in Section 5.3 therein and voluntary prepayments on account of principal hereof and interest hereon prior to the maturity hereof upon the terms and conditions specified therein. Any principal amounts prepaid hereunder shall be applied, ratably, to the installments remaining installments of principal (including any balloon payment at maturity) due hereunder, and any such principal amount prepaid may not thereafter be reborrowed. All capitalized terms used and not otherwise defined in this Note shall have the respective meanings ascribed to them in the Credit Agreement. This Note is further secured by that certain Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Security Agreement"), to which Security Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp. in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. This Note is further secured by that certain Collateral Assignment dated as of October 5, 1995 and as amended on the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Collateral Assignment"), to which Collateral Assignment reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured. Upon the occurrence of any Event of Default under the Credit Agreement, the Security Agreement, the Pledge Agreement, the Collateral Assignment or any of the Deeds of Trust, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon may be declared to be immediately due and payable in the manner and with the effect as provided in the Credit Agreement. In the event that any payment due hereunder shall not be paid when due, whether by reason of acceleration or otherwise, and this Note shall be placed in the hands of an attorney or attorneys for collection, or if foreclosure of the Security Agreement, the Pledge Agreement, the Collateral Assignment or under any of the Deeds of Trust is under taken by the Agent or Bank, or if this Note shall be placed in the hands of an attorney or attorneys for representation of Bank in connection with bankruptcy or insolvency proceedings relating hereto, Borrower hereby agrees to pay to the order of Bank, in addition to all other amounts otherwise due hereon, the reasonable costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys' fees and expenses incurred by Agent or Bank (whether or not litigation shall be commenced in aid thereof). Borrower hereby waives presentment for payment, demand, protest, notice of protest and notice of dishonor. - 110 - 117 This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law principles).
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Samples: Credit Agreement (Lsi Logic Corp)
