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EXHIBIT 4.3
EXHIBIT B
TO THE CREDIT AGREEMENT
FORM OF TERM NOTE
THIS NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND
PROVISIONS OF THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT REFERRED TO
BELOW. TRANSFERS OF THIS NOTE MUST BE RECORDED IN THE REGISTER MAINTAINED BY
THE ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF SUCH SECOND AMENDED AND
RESTATED CREDIT AGREEMENT.
$__________ New York, New York
April 25, 1997
FOR VALUE RECEIVED, each of the undersigned, Ormco Corporation
("Ormco"), a Delaware corporation, Xxxx Corporation ("Xxxx"), a Delaware
corporation, Nalge Nunc International Corporation ("NNI"), a Delaware
corporation, Erie Scientific Company ("Erie"), a Delaware corporation and
Barnstead Thermolyne Corporation ("Barnstead"), a Delaware corporation (each, a
"Borrower"), severally, hereby unconditionally promises to pay to the order of
_____________________(the "Lender") at the office of The Chase Manhattan Bank,
located at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, in lawful money of the
United States of America and in immediately available funds, in accordance with
subsection 2.7 of the Credit Agreement, the lesser of (a) the principal amount
of (i) in the case of each of Ormco, Erie and Barnstead individually,
_____________________ DOLLARS ($_______), (ii) in the case of Xxxx,
_____________________ DOLLARS ($_______), and (iii) in the case of NNI,
___________________ DOLLARS ($______), and (b) the aggregate unpaid principal
amount of the Term Loan (or portion thereof) made by the Lender to such Borrower
pursuant to subsection 2.6 of the Credit Agreement, as hereinafter defined. The
principal amount of such Term Loan shall be paid in consecutive quarterly
installments, payable on the last day of each October, January, April and July
commencing on July 31, 1997 in accordance with subsection 2.7 of the Credit
Agreement. Each Borrower, severally, further agrees to pay interest in like
money at such office on the unpaid principal amount of Term Loans of such
Borrower from time to time outstanding at the rates and on the dates specified
in subsection 2.14 of such Credit Agreement.
The holder of this Note is authorized to endorse on the appropriate
schedules annexed hereto and made a part hereof or on a continuation thereof
which shall be attached hereto and made a part hereof the date, Type and amount
of the Term Loan made by the holder to each Borrower and the date and amount of
each payment or prepayment of principal with respect thereto, each conversion
of all or a portion thereof to another Type, each continuation of all or a
portion thereof as the same Type and, in the case of Eurodollar Loans, the
length of each Interest Period and the Eurodollar Rate with respect thereto.
Each such endorsement shall constitute prima facie evidence of the accuracy of
the information
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endorsed. The failure to make any such endorsement shall not affect the
obligations of the Borrower in respect of such Term Loan.
This Note (a) is one of the Term Notes referred to in the Second
Amended and Restated Credit Agreement dated as of April 25, 1997 (as amended,
supplemented or otherwise modified from time to time, the "Credit Agreement"),
among Sybron International Corporation, a Wisconsin corporation, Ormco, Xxxx,
NNI, Erie, Barnstead, the Lender, the other banks and financial institutions
from time to time parties thereto, Chase Securities Inc., as arranger, and The
Chase Manhattan Bank, as administrative agent, (b) is subject to the provisions
of the Credit Agreement and (c) is subject to optional and mandatory prepayment
in whole or in part as provided in the Credit Agreement. This Note is secured
and guaranteed as provided in the Loan Documents. Reference is hereby made to
the Loan Documents for a description of the assets in which a security interest
has been granted, the nature and extent of the security and the guarantees, the
terms and conditions upon which the security interests and each guarantee were
granted and the rights of the holder of this Note in respect thereof.
Upon the occurrence of any one or more of the Events of Default, 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, except as
otherwise provided in any of the Loan Documents.
Unless otherwise defined herein, terms defined in the Credit Agreement
and used herein shall have the meanings given to them in the Credit Agreement.
THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
ORMCO CORPORATION
By:
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Name:
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Title:
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XXXX CORPORATION
By:
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Name:
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Title:
---------------------------------
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NALGE NUNC INTERNATIONAL CORPORATION
By:
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Name:
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Title:
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ERIE SCIENTIFIC COMPANY
By:
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Name:
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Title:
---------------------------------
BARNSTEAD THERMOLYNE
By:
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Name:
----------------------------------
Title:
---------------------------------
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Schedule A-1
to Term Note
ORMCO
LOANS, CONVERSIONS AND REPAYMENTS OF ABR LOANS
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Amount Amount of ABR Loans
Converted to Amount of Principal of Converted to Unpaid Principal Notation
Date Amount of ABR Loans ABR Loans ABR Loans Repaid Eurodollar Loans Balance of ABR Loans Made By
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Schedule A-2
to Term Note
XXXX
LOANS, CONVERSIONS AND REPAYMENTS OF ABR LOANS
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Amount Amount of ABR Loans
Converted to Amount of Principal of Converted to Unpaid Principal Notation
Date Amount of ABR Loans ABR Loans ABR Loans Repaid Eurodollar Loans Balance of ABR Loans Made By
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Schedule A-3
to Term Note
NNI
LOANS, CONVERSIONS AND REPAYMENTS OF ABR LOANS
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Amount Amount of ABR Loans
Converted to Amount of Principal of Converted to Unpaid Principal Notation
Date Amount of ABR Loans ABR Loans ABR Loans Repaid Eurodollar Loans Balance of ABR Loans Made By
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Schedule A-4
to Term Note
ERIE
LOANS, CONVERSIONS AND REPAYMENTS OF ABR LOANS
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Amount Amount of ABR Loans
Converted to Amount of Principal of Converted to Unpaid Principal Notation
Date Amount of ABR Loans ABR Loans ABR Loans Repaid Eurodollar Loans Balance of ABR Loans Made By
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Schedule A-5
to Term Note
BARNSTEAD
LOANS, CONVERSIONS AND REPAYMENTS OF ABR LOANS
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Amount Amount of ABR Loans
Converted to Amount of Principal of Converted to Unpaid Principal Notation
Date Amount of ABR Loans ABR Loans ABR Loans Repaid Eurodollar Loans Balance of ABR Loans Made By
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Schedule B-1
to Term Note
ORMCO
LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EURODOLLAR LOANS
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Amount Interest Period Amount of Amount of Unpaid
Converted to and Eurodollar Principal of Eurodollar Loans Principal
Amount of Eurodollar Rate with Respect Eurodollar Converted to ABR Balance of Notation
Date Eurodollar Loans Loans Thereto Loans Repaid Loans Eurodollar Loans Made By
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Schedule B-2
to Term Note
XXXX
LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EURODOLLAR LOANS
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Amount Interest Period Amount of Amount of Unpaid
Converted to and Eurodollar Principal of Eurodollar Loans Principal
Amount of Eurodollar Rate with Respect Eurodollar Converted to ABR Balance of Notation
Date Eurodollar Loans Loans Thereto Loans Repaid Loans Eurodollar Loans Made By
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Schedule B-3
to Term Note
NNI
LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EURODOLLAR LOANS
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Amount Interest Period Amount of Amount of Unpaid
Converted to and Eurodollar Principal of Eurodollar Loans Principal
Amount of Eurodollar Rate with Respect Eurodollar Converted to ABR Balance of Notation
Date Eurodollar Loans Loans Thereto Loans Repaid Loans Eurodollar Loans Made By
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Schedule B-4
to Term Note
ERIE
LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EURODOLLAR LOANS
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Amount Interest Period Amount of Amount of Unpaid
Converted to and Eurodollar Principal of Eurodollar Loans Principal
Amount of Eurodollar Rate with Respect Eurodollar Converted to ABR Balance of Notation
Date Eurodollar Loans Loans Thereto Loans Repaid Loans Eurodollar Loans Made By
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Schedule B-5
to Term Note
BARNSTEAD
LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EURODOLLAR LOANS
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Amount Interest Period Amount of Amount of Unpaid
Converted to and Eurodollar Principal of Eurodollar Loans Principal
Amount of Eurodollar Rate with Respect Eurodollar Converted to ABR Balance of Notation
Date Eurodollar Loans Loans Thereto Loans Repaid Loans Eurodollar Loans Made By
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