Common use of The Note and Interest Clause in Contracts

The Note and Interest. The Revolving Credit Loan shall be evidenced by two (2) promissory notes of the Borrower and one (1) promissory note of Lakeshore, each payable to the order of the Bank in the aggregate principal amount of Eighty Million Dollars ($80,000,000.00), in form substantially the same as the copy of the Revolving Credit Note and the Lakeshore Note attached hereto as Exhibit "C." The entire principal amount of the Loan shall be due and payable on the Termination Date of Revolving Credit Loan. The unpaid principal balances of the Revolving Credit Loan shall bear interest from the Closing Date on disbursed and unpaid principal balances (calculated on the basis of a year of 365 or 366 days as is appropriate) at a rate per annum as specified in the Note. Said interest shall be payable monthly on the first day of each month after the Closing Date, commencing August 1, 1997 provided the Bank has in each instance mailed to the Borrower a billing notice at least ten (10) days prior thereto setting 13 forth the payment amount next due, with the final installment of interest, together with the entire outstanding principal balance of the Revolving Credit Loan, being due and payable on the Termination Date of Revolving Credit Loan. The first selection of the one (1) month, three (3) months, six (6) months or one (1) year LIBOR Rate shall be made by the Borrower and Lakeshore (but the rate selected by Lakeshore must always be the same as the rate selected by the Borrower) on or prior to the date of the Note and each selection thereafter shall be made at least twenty-four (24) hours prior to the end of the then applicable interest rate period. Neither the Borrower nor Lakeshore may ever select a rate period which exceeds the Termination Date of the Revolving Credit Loan.

The Note and Interest. The Revolving Credit Loan shall be evidenced by two (2) promissory notes of the Borrower and one (1) promissory note of Lakeshore, each payable to the order of the Bank in the aggregate principal amount of Eighty Million Dollars ($80,000,000.00), in form substantially the same as the copy of the Revolving Credit Note and the Lakeshore Note attached hereto as Exhibit EXHIBIT "C." The entire principal amount of the Loan shall be due and payable on the Termination Date of Revolving Credit Loan. The unpaid principal balances of the Revolving Credit Loan shall bear interest from the Closing Date on disbursed and unpaid principal balances (calculated on the basis of a year of 365 or 366 days as is appropriate) at a rate per annum as specified in the Note. Said interest shall be payable monthly on the first day of each month after the Closing Date, commencing August July 1, 1997 1998 provided the Bank has in each instance mailed to the Borrower a billing notice at least ten (10) days prior thereto setting 13 forth the payment amount next due, with the final installment of interest, together with the entire outstanding principal balance of the Revolving Credit Loan, being due and payable on the Termination Date of Revolving Credit Loan. The first selection of the one (1) month, three (3) months, six (6) months or one (1) year LIBOR Rate shall be made by the Borrower and Lakeshore (but the rate selected by Lakeshore must always be the same as the rate selected by the Borrower) on or prior to the date of the Note and each selection thereafter shall be made at least twenty-four (24) hours prior to the end of the then applicable interest rate period. Neither the Borrower nor Lakeshore may ever select a rate period which exceeds the Termination Date of the Revolving Credit Loan.

The Note and Interest. The Revolving Credit Loan shall be evidenced by two (2) promissory notes of the Borrower and one (1) promissory note of Lakeshore, each Borrower payable to the order of the Bank in the aggregate principal amount of Eighty One Hundred Five Million Dollars ($80,000,000.00105,000,000.00), in form substantially the same as the copy of the Revolving Credit Note and the Lakeshore Note Note, attached hereto as Exhibit "C." The entire principal amount of the Loan shall be due and payable on the Termination Date of Revolving Credit Loan. The unpaid principal balances of the Revolving Credit Loan shall bear interest from the Closing Date on disbursed and unpaid principal balances (calculated on the basis of a year of 365 or 366 days as is appropriate) at a rate per annum as specified in the Note. Said interest shall be payable monthly on the first fifth (5th) day of each month after the Closing Date, commencing August 1, 1997 provided the . Bank has in each instance mailed shall mail to the Borrower a billing notice at least ten (10) days prior thereto setting 13 forth the payment amount next due, with but any failure to send such notice shall not relieve Borrower of the obligation to pay accrued interest. The final installment of interest, together with the entire outstanding principal balance of the Revolving Credit Loan, being shall be due and payable on the Termination Date of Revolving Credit Loan. The first selection of the one (1) month, three (3) months, six (6) months or one (1) year LIBOR Rate shall be made by the Borrower and Lakeshore (but the rate selected by Lakeshore must always be the same as the rate selected by the Borrower) on or prior to the date of the Note and each selection thereafter shall be made at least twenty-twenty four (24) hours prior to the end of the then applicable interest rate period. Neither the Borrower nor Lakeshore may not ever select a rate period which exceeds the Termination Date of the Revolving Credit Loan. In the event funding at the LIBOR Rate is not available as a matter of law, funding to the extent allowed hereunder shall be at the Base Rate; however, the interest rate shall never be less than four and fifty hundredths percent (4.50%) per annum.)

The Note and Interest. The Revolving Credit Loan shall be evidenced by two (2) promissory notes of the Borrower and one (1) promissory note of Lakeshore, each payable to the order of the Bank in the aggregate principal amount of Eighty Million Dollars ($80,000,000.00), in form substantially the same as the copy of the Revolving Credit Note and the Lakeshore Note attached hereto as Exhibit EXHIBIT "C." The entire principal amount of the Loan shall be due and payable on the Termination Date of Revolving Credit Loan. The unpaid principal balances of the Revolving Credit Loan shall bear interest from the Closing Date on disbursed and unpaid principal balances (calculated on the basis of a year of 365 or 366 days as is appropriate) at a rate per annum as specified in the Note. Said interest shall be payable monthly on the first day of each month after the Closing Date, commencing August March 1, 1997 provided the Bank has in each instance mailed to the Borrower a billing notice at least ten (10) days prior thereto setting 13 forth the payment amount next due, with the final installment of interest, together with the entire outstanding principal balance of the Revolving Credit Loan, being due and payable on the Termination Date of Revolving Credit Loan. The first selection of the one (1) month, three (3) months, six (6) months or one (1) year LIBOR Rate shall be made by the Borrower and Lakeshore (but the rate selected by Lakeshore must always be the same as the rate selected by the Borrower) on or prior to the date of the Note and each selection thereafter shall be made at least twenty-four (24) hours prior to the end of the then applicable interest rate period. Neither the Borrower nor Lakeshore may ever select a rate period which exceeds the Termination Date of the Revolving Credit Loan.

The Note and Interest. The Revolving Credit Loan shall be evidenced by two (2) promissory notes of the Borrower and one (1) promissory note of Lakeshore, each Borrower payable to the order of the Bank in the aggregate principal amount of Eighty One Hundred Five Million Dollars ($80,000,000.00105,000,000.00), in form substantially the same as the copy of the Revolving Credit Note and the Lakeshore Note Note, attached hereto as Exhibit "C." The entire principal amount of the Loan shall be due and payable on the Termination Date of Revolving Credit Loan. The unpaid principal balances of the Revolving Credit Loan shall bear interest from the Closing Date on disbursed and unpaid principal balances (calculated on the basis of a year of 365 or 366 days as is appropriate) at a rate per annum as specified in the Note. Said interest shall be payable monthly on the first day of each month after the Closing Date, commencing August 1, 1997 provided the . Bank has in each instance mailed shall mail to the Borrower a billing notice at least ten (10) days prior thereto setting 13 forth the payment amount next due, with but any failure to send such notice shall not relieve Borrower of the obligation to pay accrued interest. The final installment of interest, together with the entire outstanding principal balance of the Revolving Credit Loan, being shall be due and payable on the Termination Date of Revolving Credit Loan. The first selection of the one (1) month, three (3) months, six (6) months or one or, if funds are available in the interbank eurodollar market, twelve (112) year months LIBOR Rate shall be made by the Borrower and Lakeshore (but the rate selected by Lakeshore must always be the same as the rate selected by the Borrower) on or prior to the date of the Note and each selection thereafter shall be made at least twenty-twenty four (24) hours prior to the end of the then applicable interest rate period. Neither the Borrower nor Lakeshore may not ever select a rate period which exceeds the Termination Date of the Revolving Credit Loan. In the event funding at the LIBOR Rate is not available as a matter of law, funding to the extent allowed hereunder shall be at the Base Rate minus one and fifty hundredths percent (1.50%); however, the interest rate shall never be less than four and fifty hundredths percent (4.50%) per annum.)