EXHIBIT 4.7
REVOLVING NOTE
$3,461,539 May 28, 1998
FOR VALUE RECEIVED, the undersigned, XXXXXXXXX CORPORATION, a Delaware
corporation (the "Borrower"), promises to pay to the order of XXX XXXXXX
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AMERICAN CAPITAL PRIME RATE INCOME TRUST (the "Lender") on the Stated Maturity
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Date for Revolving Loans, the principal sum of THREE MILLION FOUR HUNDRED SIXTY
ONE THOUSAND FIVE HUNDRED THIRTY NINE AND NO/100 DOLLARS ($3,461,539) or, if
less, the aggregate unpaid principal amount of all Revolving Loans shown on the
schedule attached hereto (and any continuation thereof) made by the Lender
pursuant to that certain Credit Agreement, dated as of even date herewith
(together with all amendments and other modifications, if any, from time to time
thereafter made thereto, the "Credit Agreement"), among the Borrower, Canadian
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Imperial Bank of Commerce, as Administrative Agent, and the various financial
institutions (including the Lender) as are, or may from time to time become,
parties thereto.
The Borrower also promises to pay interest on the unpaid principal amount
hereof from time to time outstanding from the date hereof until maturity
(whether by acceleration or otherwise) and, after maturity, until paid, at the
rates per annum and on the dates specified in the Credit Agreement.
Payments of both principal and interest are to be made in lawful money of
the United States of America in same day or immediately available funds to the
account designated by the Administrative Agent pursuant to the Credit Agreement.
This Note is one of the Revolving Notes referred to in, and evidences
Indebtedness incurred under, the Credit Agreement, to which reference is made
for a description of the security for this Note and for a statement of the terms
and conditions on which the Borrower is permitted and required to make
prepayments and repayments of principal of the Indebtedness evidenced by this
Note and on which such Indebtedness may be declared to be immediately due and
payable. Unless otherwise defined, capitalized terms used herein have the
meanings provided in the Credit Agreement.
All parties hereto, whether as makers, endorsers, or otherwise, severally
waive presentment for payment, demand, protest and notice of dishonor.
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THIS NOTE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE
INTERNAL LAWS OF THE STATE OF NEW YORK.
XXXXXXXXX CORPORATION
By: /s/ Xxxx X. Xxxx
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Title: Chief Financial Officer
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LOANS AND PRINCIPAL PAYMENTS
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Amount of Unpaid Principal
Amount of Loan Made Interest Principal Repaid Balance
------------------- Period ---------------- ----------------
Base Eurodollar (if Base Eurodollar Base Eurodollar Notation
Date Rate Rate applicable) Rate Rate Rate Rate Total Made By
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