EXHIBIT 10.5
FORM OF US DOLLAR REVOLVING CREDIT NOTE
THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MAY NOT BE TRANSFERRED EXCEPT
IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO
BELOW. TRANSFERS OF THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MUST BE
RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE
TERMS OF SUCH CREDIT AGREEMENT.
$____________ June 29, 2000
FOR VALUE RECEIVED, the undersigned, ACT MANUFACTURING, INC. (the "Parent
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Borrower"), a Massachusetts corporation, unconditionally promises to pay to
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___________ (the "Lender") or its registered assigns at the office of The Chase
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Manhattan Bank at One Chase Square, Rochester, New York 14643 (the "Payment
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Office") for the account of the Lender in lawful money of the United States and
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in immediately available funds, the principal amount of (a) _________ DOLLARS
($________ ), or, if less, (b) the aggregate unpaid principal amount of all US
Dollar Revolving Loans made by the Lender to the Parent Borrower pursuant to
Section 2.4 of the Credit Agreement. The Parent Xxxxxxxx further agrees to pay
interest in like money at the Payment Office on the unpaid principal amount
hereof from time to time outstanding at the rates and on the dates specified in
Section 2.12 of the Credit Agreement.
The holder of this Note is authorized to endorse on the 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 each US
Dollar Revolving Loan made pursuant to the Credit Agreement and the date and
amount of each payment or prepayment of principal thereof, each continuation
thereof, each conversion of all or a portion thereof to another Type and, in the
case of Eurocurrency Loans, the length of each Interest Period with respect
thereto. Each such endorsement shall constitute prima facie evidence of the
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accuracy of the information endorsed. The failure to make any such endorsement
or any error in any such endorsement shall not affect the obligations of the
Parent Borrower in respect of any US Dollar Revolving Loan.
This Note (a) is one of the Notes referred to in the Credit Agreement dated
as of June 29, 2000 (as amended, supplemented or otherwise modified from time to
time, the "Credit Agreement"), among the Parent Borrower, the Lender, the other
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banks and financial institutions or entities from time to time parties thereto,
Credit Suisse First Boston, as Syndication Agent, Societe Generale, as
Documentation Agent 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 properties and 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.
During the existence of any one or more of the Events of Default, all
principal and all accrued interest 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.
Unless otherwise defined herein, terms defined in the Credit Agreement and
used herein shall have the meanings given to them in the Credit Agreement.
NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN OR IN THE CREDIT
AGREEMENT, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AND IN ACCORDANCE
WITH THE REGISTRATION AND OTHER PROVISIONS OF SECTION 10.6 OF THE CREDIT
AGREEMENT.
THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK.
ACT MANUFACTURING, INC., as Parent Borrower
By:_______________________________
Name:
Title:
Schedule A
to US Dollar Revolving Credit Note
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LOANS, CONVERSIONS AND REPAYMENTS OF ALTERNATE BASE RATE LOANS
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Amount of Amount of
Amount Principal of Alternate Base Unpaid Principal
Amount of Converted to Alternate Base Rate Loans Balance of
Alternate Base Alternate Base Rate Loans Converted to Alternate Base
Date Rate Loans Rate Loans Repaid Eurocurrency Loans Rate Loans Notation Made By
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Schedule B
to US Dollar Revolving Credit Note
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LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EUROCURRENCY LOANS
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Amount of
Amount Interest Period Eurocurrency Loans Unpaid Principal
Converted to and Eurocurrency Amount of Principal Converted to Balance of
Amount of Eurocurrency Rate with of Eurocurrency Alternate Base Rate Eurocurrency Notation
Date Eurocurrency Loans Loans Respect Thereto Loans Repaid Loans Loans Made By
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