EXHIBIT B
FORM OF TERM LOAN NOTE
$427,000 September __, 1997
New York, New York
SONICS & MATERIALS, INC., a Delaware corporation (the "Company"),
for value received, hereby promises to pay to the order of BROWN BROTHERS
XXXXXXXX & CO. (the "Lender") the principal amount of FOUR HUNDRED TWENTY SEVEN
THOUSAND DOLLARS ($427,000) on the dates and in the principal amounts provided
in the Credit Agreement referred to below. The Company also promises to pay
interest on the unpaid principal amount hereof from time to time outstanding at
the rate and on such dates as provided in the Credit Agreement. All such
principal and interest shall be payable in lawful money of the United States of
America in same day funds at the office of the Lender.
This Note is the Term Loan Note referred to in the Credit Agreement
dated of even date hereof (the "Credit Agreement") between the Company and the
Lender, and is entitled to the benefits thereof. Capitalized terms used but not
defined herein have the meanings specified in the Credit Agreement.
The Lender is hereby authorized by the Company to endorse on the
schedule (or a continuation thereof) attached hereto, the date and amount of
each payment or prepayment of principal of such Term Loan received by the
Lender, provided that any failure by the Lender to make any such endorsement or
any error therein shall not affect the obligations of the Company under the
Credit Agreement or this Note in respect of the Term Loan evidenced hereby. This
Note is subject to prepayment and its maturity is subject to acceleration upon
the terms provided in the Credit Agreement.
The Company hereby waives presentment, demand, protect or notice of
any kind in connection with this Note.
THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK.
SONICS & MATERIALS, INC.
By: ______________________________
Name:
Title:
Schedule
Payments or
Prepayments of Balance Notation
Principal Outstanding Made By
TERM LOAN NOTE
$427,000 September __, 1997
New York, New York
SONICS & MATERIALS, INC., a Delaware corporation (the "Company"),
for value received, hereby promises to pay to the order of BROWN BROTHERS
XXXXXXXX & CO. (the "Lender") the principal amount of FOUR HUNDRED TWENTY SEVEN
THOUSAND DOLLARS ($427,000) on the dates and in the principal amounts provided
in the Credit Agreement referred to below. The Company also promises to pay
interest on the unpaid principal amount hereof from time to time outstanding at
the rate and on such dates as provided in the Credit Agreement. All such
principal and interest shall be payable in lawful money of the United States of
America in same day funds at the office of the Lender.
This Note is the Term Loan Note referred to in the Credit Agreement
dated of even date hereof (the "Credit Agreement") between the Company and the
Lender, and is entitled to the benefits thereof. Capitalized terms used but not
defined herein have the meanings specified in the Credit Agreement.
The Lender is hereby authorized by the Company to endorse on the
schedule (or a continuation thereof) attached hereto, the date and amount of
each payment or prepayment of principal of such Term Loan received by the
Lender, provided that any failure by the Lender to make any such endorsement or
any error therein shall not affect the obligations of the Company under the
Credit Agreement or this Note in respect of the Term Loan evidenced hereby. This
Note is subject to prepayment and its maturity is subject to acceleration upon
the terms provided in the Credit Agreement.
The Company hereby waives presentment, demand, protect or notice of
any kind in connection with this Note.
THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK.
SONICS & MATERIALS, INC.
By: ______________________________
Name:
Title:
Schedule
Payments or
Prepayments of Balance Notation
Principal Outstanding Made By
