AMENDED LINE LOAN NOTE
$3,850,000 New York, New York
As of April 3, 1997
FOR VALUE RECEIVED, the undersigned, UNIDIGITAL ELEMENTS (NY), INC., a New
York corporation, UNISON (NY), INC. (formerly known as Undigital/Cardinal
Corporation), a Delaware corporation, UNIDIGITAL ELEMENTS (SF), INC., a Delaware
corporation, and UNISON (MA), INC. (the successor by merger to Unidigital/Xxxxx
Corporation), a Delaware corporation (collectively, the "Borrowers"), hereby
jointly and severally, unconditionally promise to pay to the order of THE CHASE
MANHATTAN BANK (the "Lender"), at its office at 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx
Xxxx 00000 on January 31, 1998 in lawful money of the United States of America
and in immediately available funds, the principal amount of (a) THREE MILLION
EIGHT HUNDRED FIFTY THOUSAND DOLLARS ($3,850,000), or, if less, (b) the
aggregate unpaid principal amount of all Line Loans made by the Lender pursuant
to the Credit Agreement (referred to below). The Borrowers further agree,
jointly and severally, to pay interest on the unpaid principal amount
outstanding hereunder from time to time from the date hereof in like money at
such office at the rates and on the dates specified in the Credit Agreement.
The holder of this Note is authorized to record on the schedule annexed
hereto or on a continuation thereto the date, Type and amount of each Line Loan
made pursuant to the Credit Agreement, each continuation thereof, each
conversion of all or a portion thereof to another Type, the date and amount of
each payment or repayment of principal thereof and, in the case of Eurodollar
Loans, the length of each Interest Period with respect thereto (which
recordation shall, in accordance with Section 2.08(c) of the Credit Agreement,
constitute prima facie evidence of the accuracy of the information recorded);
provided, however, that the failure to make any such recordation shall not
affect the obligations of the Borrowers in respect of such Line Loans.
This Note is the Line Loan Note referred to in the Credit Agreement dated
as of April 3, 1997 (the "Credit Agreement"), among the Borrowers and the
Lender, as amended, and is secured as provided therein and in the Security
Documents and is subject to optional and mandatory prepayment as set forth in
the Credit Agreement.
Upon the occurrence of any one or more of the Events of Default specified
in the Credit Agreement, all amounts then remaining unpaid on this Note shall
become, or may be declared to be, immediately due and payable, all as provided
in the Credit Agreement.
All parties now and hereafter liable with respect to this Note, whether
maker, principal, surety, guarantor. endorser or otherwise, hereby waive
presentment, demand, protest and all other notices of any kind.
Terms defined in the Credit Agreement are used herein with their defined
meanings unless otherwise defined herein. This Note shall be governed by, and
construed and interpreted in accordance with, the laws of the State of New York.
UNIDIGITAL ELEMENTS (NY), INC.
By:/s/ Xxxxxxx X. Xxx
------------------------
Name: Xxxxxxx X. Xxx
Title: President
UNISON (NY), INC.
By:/s/ Xxxxxxx X. Xxx
------------------------
Name: Xxxxxxx X. Xxx
Title: Chairman
UNIDIGITAL ELEMENTS (SF), INC.
By:/s/ Xxxxxxx X. Xxx
------------------------
Name: Xxxxxxx X. Xxx
Title: President
UNISON (MA), INC.
By:/s/ Xxxxxxx X. Xxx
------------------------
Name: Xxxxxxx X. Xxx
Title: Chairman
-2-
SCHEDULE 1
TO LINE LOAN NOTE
LOANS, CONVERSIONS AND PAYMENTS OF ABR LOANS
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Amount of Amount of Unpaid
ABR Loans Eurodollar Principal
Amount of Converted to Loans Balance of
Amount of Principal Eurodollar Converted to ABR Notation
Date ABR Loans Repaid Loans ABR Loans Loans Made By
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SCHEDULE 2
TO LINE LOAN NOTE
LOANS, CONVERSIONS AND PAYMENTS OF EURODOLLAR LOANS
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Amount of Amount of Unpaid
Eurodollar ABR Loans Principal
Amount of Amount of Loans Converted to Balance of
Eurodollar Principal Converted to Eurodollar Eurodollar Notation
Date Loans Repaid ABR Loans Loans Loans Made By
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