GUEST SUPPLY, INC.
and certain other Obligors
7.06% Series A Senior Note due November 15, 2009
No. AR-1 December 3, 1997
$10,000,000 PPN: 401630 A* 9
For value received, the undersigned, GUEST SUPPLY, INC., a New Jersey
corporation (herein called the "Company"), XXXXXXXXXXXX-XXXX CO., a
Delaware corporation, GUEST DISTRIBUTION SERVICES, INC., a Delaware
corporation, and GUEST PACKAGING, INC., a New Jersey corporation
(collectively, the "Obligors") hereby jointly and severally promise to pay
to J. ROMEO & Co., or registered assigns, the principal sum of TEN MILLION
DOLLARS ($10,000,000) on November 15, 2009, with interest (computed on the
basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance
thereof at the rate of 7.06% per annum from the xxxx hereof, payable
semiannually, on the 15th day of May and November in each year, commencing
with the May 15 or November 15 next succeeding the date hereof, until the
principal hereof shall have become due and payable, and (b) to the extent
permitted by law on any overdue payment (including any overdue prepayment)
of principal, any overdue payment of interest and any overdue payment of
any Make-Whole Amount (as defined in the Note Purchase Agreements referred
to below), payable semiannually as aforesaid (or, at the option of the
registered holder hereof, on demand), at a rate per annum from time to time
equal to the greater of (i) 9.06% or (ii) 2.0% over the rate of interest
publicly announced by Chase Manhattan Bank, N.A. (or its successor) from
time to time in New York, New York as its "base" or "prime" rate.
Subject to Section 14.2 of the Note Purchase Agreements, payments of
principal of, interest on and any Make-Whole Amount with respect to this
Note are to be made in lawful money of the United States of America at the
principal office of the Company in Monmouth Junction, New Jersey, or at
such other place as the Company shall have designated by written notice to
the holder of this Note as provided in the Note Purchase Agreements
referred to below.
This Note is one of a series of joint and several senior notes (together
with the other two series of joint and several senior notes issued pursuant
thereto, as from time to time amended, restated, supplemented or otherwise
modified, herein called the "Notes") issued pursuant to separate Note
Purchase Agreements, dated as of December 3, 1997 (as from time to time
amended, restated, supplemented or otherwise modified, herein called the
"Note Purchase Agreements"), among the Obligors and the respective
Purchasers named therein, and is entitled to the benefits thereof. Each
holder of this Note will be deemed, by its acceptance hereof, (i) to have
agreed to the confidentiality provisions set forth in Section 20 of the
Note Purchase Agreements and (ii) to have made the representation set forth
in the last sentence of Section 6.1 and the representation set forth in
Section 6.2 of the Note Purchase Agreements.
This Note is a registered Note and, as provided in the Note Purchase
Agreements, upon surrender of this Note for registration of transfer, duly
endorsed, or accompanied by a written instrument of transfer duly executed,
by the registered holder hereof or such holder's attorney duly authorized
in writing, a new Note for a like principal amount will be issued to, and
registered in the name of, the transferee. Prior to due presentment for
registration of transfer, the Obligors may treat the person in whose name
this Note is registered as the owner hereof for the purpose of receiving
payment and for all other purposes, and the Obligors will not be affected
by any notice to the contrary.
The Obligors will make required prepayments of principal on the dates and
in the amounts specified in the Note Purchase Agreements. This Note is also
subject to optional prepayment, in whole or from time to time in part, at
the times and on the terms specified in the Note Purchase Agreements, but
not otherwise.
If an Event of Default, as defined in the Note Purchase Agreements, occurs
and is continuing, the principal of this Note may be declared or otherwise
become due and payable in the manner, at the price (including any
applicable Make-Whole Amount) and with the effect provided in the Note
Purchase Agreements.
THIS NOTE AND THE NOTE PURCHASE AGREEMENTS SHALL BE CONSTRUED
AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL
BE PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD REQUIRE THE
APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH STATE.
GUEST SUPPLY, INC.
By s/ Xxxx Xxxxx
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Name: Xxxx Xxxxx
Title: Secretary and Vice President-Finance
XXXXXXXXXXXX-XXXX CO.
By s/ Xxxx Xxxxx
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Name: Xxxx Xxxxx
Title: Secretary and Vice President-Finance
GUEST DISTRIBUTION SERVICES, INC.
By s/ Xxxx Xxxxx
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Name: Xxxx Xxxxx
Title: Authorized Signatory
GUEST PACKAGING, INC.
By s/ Xxxx Xxxxx
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Name: Xxxx Xxxxx
Title: Secretary and Vice President-Finance
