EXHIBIT 10.4.2
REVOLVING CREDIT NOTE
$ 25,000,000 January 20, 2000
FOR VALUE RECEIVED, U.S. Foodservice, Inc., a Delaware corporation,
and JP Foodservice Distributors, Inc., a Delaware corporation (collectively, the
"Borrowers"), jointly and severally promise to pay to the order of Fleet
National Bank, a national banking association (the "Lender"), at the times and
in the manner provided in that certain Loan Agreement, dated as of even date
herewith, among the Borrowers, the guarantors named therein and the Lender (the
"Loan Agreement"), the principal amount of Twenty Five Million Dollars
($25,000,000), or so much thereof as may be advanced from time to time under the
Loan Agreement and remain outstanding, together with accrued and unpaid interest
on each such advance at rates as in effect from time to time as determined
pursuant to Section 2 of the Loan Agreement.
All payments hereunder shall be made in lawful money of the United
States of America, without offset, at the address of the Lender specified in the
Loan Agreement.
This Note evidences the Revolving Credit Loan advanced or to be
advanced by the Lender to or for the benefit of the Borrowers as borrowers under
the Loan Agreement. The Loan Agreement contains, among other things, provisions
for the determination of interest rates, the fees payable in respect of this
Note, and acceleration of the payment of this Note upon the happening of certain
stated events.
The Borrowers promise to pay all costs and expenses (including without
limitation reasonable attorneys' fees and disbursements) incurred in connection
with the collection hereof.
The Borrowers hereby waive presentment, protest, demand, notice of
dishonor, and all other notices, and all defenses and pleas on the grounds of
any extension or extensions of the time of payments or the due dates of this
Note, in whole or in part, before or after maturity, with or without notice. No
renewal or extension of this Note, and no delay in enforcement of this Note or
in exercising any right or power hereunder, shall affect the liability of the
Borrowers.
No single or partial exercise by the Lender of any right or remedy
hereunder, under the Loan Agreement, or under any other instrument relating to
the Loan Agreement shall preclude any other or further exercise thereof or the
exercise of any other rights or remedies.
This Note shall be governed by and construed under and in accordance
with the laws of the State of New York (but not including the choice of law
rules thereof).
IN WITNESS WHEREOF, each of the undersigned has duly executed this
Note, or has caused this Note to be duly executed on its behalf, as of the day
and year first hereinabove set forth.
U.S. FOODSERVICE, INC.
By: /s/ Xxxxxx Xxxxxxxx
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Name: Xxxxxx Xxxxxxxx
Title: Treasurer
JP FOODSERVICE DISTRIBUTORS, INC.
By: /s/ Xxxxxx Xxxxxxxx
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Name: Xxxxxx Xxxxxxxx
Title: Treasurer
