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EXHIBIT 10.110
REVOLVING NOTE
$10,000,000 Chicago, Illinois; October 30, 1996
FOR VALUE RECEIVED, the undersigned XXXXXXX FOODS, INC. (the "Company")
hereby promises to pay to the order of BOATMEN'S NATIONAL BANK (the "Bank") on
the Termination Date (as such term is defined in the Revolving Loan Agreement
hereinafter referred to), the principal sum of TEN MILLION DOLLARS
($10,000,000), or if less, the then aggregate unpaid principal amount of all
Domestic Advances and Eurodollar Advances (as such terms are defined in the
Revolving Loan Agreement) as may be borrowed by the Company under the Revolving
Loan Agreement. The Company may borrow, repay and reborrow hereunder in
accordance with the provisions of the Revolving Loan Agreement.
The Company promises to pay interest on the unpaid principal amount of
the Advances 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 Revolving Loan Agreement. Said interest shall be payable on
each date provided for in the Revolving Loan 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 representing
Domestic Advances or Eurodollar Advances, and payments of principal thereof,
shall be noted by the holder of this Note 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 Bank of America National Trust and
Savings Association ("Bank of America") at 000 Xxxxx XxXxxxx Xxxxxx, Xxxxxxx,
Xxxxxxxx 00000, or at such other place as Bank of America shall notify the
Company in writing.
This Note is one of the Notes referred to in, and is subject to the
terms and provisions of, the Revolving Loan Agreement dated as of March 30,
1990 (as the same may be amended, modified or supplemented from time to time,
herein called the "Revolving Loan Agreement") among the Company, certain banks
(including the Bank) and Bank of America National Trust and Savings
Association, as Agent, to which Revolving Loan Agreement, reference is hereby
made for a statement of said terms and provisions. The Company expressly waives
any presentment, demand, protest or notice in connection with this Note.
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This Note is made under and governed by the internal laws of the State
of Illinois.
Address: 324 Park National XXXXXXX FOODS, INC.
Bank Building
0000 Xxxxxxx Xxxxxxxxx By: XXXX XXXXX
Xxxxxxxxxxx, XX 00000 ------------------------------
Title: VP-Finance
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Schedule attached to Note dated October 30, 1996 of XXXXXXX FOODS, INC.,
payable to the order of BOATMEN'S NATIONAL BANK.
ADVANCES AND PRINCIPAL PAYMENTS
Type of
Amount of Advance % Amount of Unpaid
Advance Applicable Principal Principal Notation
Date Made Interest Rate Repaid Balance Made By
The aggregate unpaid principal amount shown on this schedule shall be
rebuttable presumptive evidence of the principal amount owning and unpaid on
this Note. The failure to record the date and amount of any advance on this
schedule shall not, however, limit or otherwise affect the obligations of the
Company under the Revolving Loan Agreement or under this Note to repay the
principal amount of the advances together with all interest accruing thereon.
