EXHIBIT 10.22
NOTE
$15,000,000 July 20, 1999
FOR VALUE RECEIVED, the undersigned, XXX.XXX INC., Delaware corporation
(the "Borrower"), promises to pay to the order of THE BANK OF NOVA SCOTIA (the
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"Lender") on July 19, 2000 the principal sum of FIFTEEN MILLION DOLLARS
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($15,000,000) or, if less, the aggregate unpaid principal amount of all Loans
shown on the schedule attached hereto (and any continuation thereof) made by the
Lender pursuant to that certain Credit Agreement, dated as of even date herewith
(together with all amendments and other modifications, if any, from time to time
thereafter made thereto, the ("Credit Agreement"), among the Borrower, THE BANK
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OF NOVA SCOTIA, as Agent, and the various financial institutions (including the
Lender) as are, or may from time to time become, parties thereto.
The Borrower also promises to pay interest on the unpaid principal amount
hereof from time to time outstanding from the date hereof until maturity
(whether by acceleration or otherwise) and, after maturity, until paid, at the
rates per annum and on the dates specified in the Credit Agreement.
Payments of both principal and interest are to be made in lawful money of
the United States of America in same day or immediately available funds to the
account designated by the Agent pursuant to the Credit Agreement.
This Note is a Note referred to in, and evidences Indebtedness incurred
under, the Credit Agreement, to which reference is made for a description of the
security for this Note and for a statement of the terms and conditions on which
the Borrower is permitted and required to make prepayments and repayments of
principal of the Indebtedness evidenced by this Note and on which such
Indebtedness may be declared to be immediately due and payable. Unless
otherwise defined, terms used herein have the meaning provided in the Credit
Agreement.
All parties hereto, whether as makers, endorsers, or otherwise, severally
waive presentment for payment, demand, protest and notice of dishonor.
THIS NOTE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE
INTERNAL LAWS OF THE STATE OF NEW YORK.
XXX.XXX INC.
By:_____________________________________
Title:
LOANS AND PRINCIPAL PAYMENTS
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Amount of Unpaid
Amount of Principal Principal
Loan Made Repaid Balance
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Interest
Base LIBO Period (if Base LIBO Base LIBO Notation
Date Rate Rate applicable) Rate Rate Rate Rate Total Made By
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