Notes Payable Sample Clauses

Notes Payable. The term "Notes Payable" shall mean any and all indebtedness of Seller (i) pursuant to a credit facility dated March 13, 1997 ("WCMA Note, Loan and Security Agreement") between Seller and Xxxxxxx Xxxxx Financial Business Services, Inc. in the aggregate original principal amount of $300,000 due March 1998, or (ii) to Citibank.

Notes Payable. With respect to the Borrower and all Restricted Subsidiaries, all Indebtedness for Money Borrowed other than promissory notes issued as xxxxxxx money for contracts, non-recourse promissory notes for seller financing and notes payable for insurance premiums and capitalized lease obligations.

Notes Payable. The notes payable referred to in Section ------------- 4.15

Notes Payable. The term “

Notes Payable. EXHIBIT C --------- Attached is the results of a UCC lien and judgment lien search conducted through December 5, 2000 by Charles Baclet and Associatxx, Xxx. xx Xxcember 27, 2000. EXHIBIT D --------- EXCEPTIONS TO REPRESENTATIONS AND WARRANTIES -------------------------------------------- The following are exceptions to the indicated representations and warranties of the Company contained in Section 3 of the Debenture Placement Agreement (the "Agreement"):

Notes Payable. On August 8, 1997, the Company entered into a $200 million revolving credit facility with a group of banks that extends through August 2000. Proceeds from borrowings under the facility are to be used for general corporate purposes including acquisitions, share repurchases and asset purchases. The rate of interest payable under the agreement is, at the Company's option, a function of one of various floating-rate indices. The agreement requires the Company to pay a facility fee at an annual rate of .09% of the maximum amount available under the credit line. Borrowings under the agreement are unsecured. During 1998, the weighted average interest rate relating to amounts borrowed under the credit facility was 5.92%. At December 31, 1998, there were no outstanding borrowings under this facility.

Notes Payable. (i) Pierre Foods issues two notes payable in the amounts of $115 million and $30 million (with interest rates of 11 1/4% and 8 1/4%, respectively) to Fresh Foods (the "Notes") in exchange for (i) the purchase money contributed by Fresh Foods for the purchase of the Pierre Assets and (ii) the Smokehouse Assets and other manufacturing operations; and (ii) Fresh Foods assigns the Notes to Sales as a capital contribution. EXHIBIT A [Organizational Chart--Omitted] 16 EXHIBIT B [Organizational Chart--Omitted] 17 EXHIBIT C [Organizational Chart--Omitted] 18 EXHIBIT D [Organizational Chart--Omitted] 19 EXHIBIT E [Organizational Chart--Omitted] 20 EXHIBIT F [Organizational Chart--Omitted] 21 EXHIBIT B-1 POST-REORGANIZATION: FORMER SUBSIDIARY BORROWERS Georgia WSMP Greenville Food Systems Incorporated Mattxxxx Xxxme Sirloin, Inc. SC WSMP Elloree Foods D&S Food Systems, LLC Georgia Buffet Restaurants, Inc. Prime Sirloin, Inc. Kingsport Foods Sagebrush DTN, Inc. Sagebrush of Sevierville, Inc. Knoxville Foods, Inc. Oak Ridge Foods, Inc. Tumbleweed of Pigeon Forge, Inc. Sagebrush, Inc. Tennessee WSMP, Inc. Brunswick Associates, Inc. Seven Stars Virginia WSMP St. Augustine, Inc. Naples, Inc. EXHIBIT B-2 POST-REORGANIZATION BORROWERS Fresh Foods, Inc. Pierre Leasing, LLC Pierre Foods, LLC Fresh Foods Properties, LLC Claremont Restaurant Group, LLC Fresh Foods Sales, LLC Sunshine WSMP, Inc. Mom & Pop's Country Ham, LLC Sagebrush of SC, LLC Sagebrush of NC, LLC Chardent, Inc. Spicewood, Inc. Sagebrush of TN, LP EXHIBIT C AMENDED AND RESTATED SCHEDULES TO CREDIT AGREEMENT SCHEDULE 1.1A LENDERS AND COMMITMENTS REVOLVING REVOLVING CREDIT LETTER OF CREDIT COMMITMENT CREDIT LENDER COMMITMENT PERCENTAGE COMMITMENT ------ ---------- ---------- ---------- First Union Commercial $22,500,000 30.00001% $3,000,000 Corporation American National Bank & $17,500,000 23.33333% Trust Company National City Bank $17,500,000 23.33333% NationsBank, N.A. $17,500,000 23.33333% TOTAL $75,000,000 100.00000% $3,000,000 SCHEDULE 1.1B

Notes Payable. The note payable to bank at March 31, 2000 was an unsecured note with interest payable at 6.48%. The note was paid in full on April 3, 2000. The notes payable to subsidiary were demand promissory notes to Skylawn Corporation with interest payable at prime minus 2.25%.

Notes Payable. Agent shall have received copies of all promissory notes payable by Borrower to shareholders/officers/related parties/affiliates, if any;

Notes Payable. At May 31, 1988 and 1989 short-term bank borrowings totaled $7,357,000 and $7,275,000, respectively. These outstanding borrowings at May 31, 1989 were comprised of short-term bank loans to the Company's majority owned subsidiary totaling $4,270,000 at a weighted average interest rate of 5.2%, secured by inventories, and $3,005,000 under the Company's revolving line of credit (see below) at prime plus 2% (13.5% at May 31, 1989). Continued