EXHIBIT 10.37
NOTE
$14,000,000.00 Dayton, Ohio, October 1, 1998
FOR VALUE RECEIVED, the undersigned, PARAVANT COMPUTER SYSTEMS, INC. (Borrower),
a Florida corporation, promises to pay to the order of NATIONAL CITY BANK, at
the payee's main office in Dayton, Ohio, the principal sum of
FOURTEEN MILLION AND NO/lOOTHS DOLLARS
(or, if less, the aggregate unpaid principal balance from time to time shown on
the reverse side), together with interest computed thereon in accordance with
the Credit Agreement referred to below, which principal and interest is payable
in accordance with the provisions in the Credit Agreement.
This note is issued pursuant to in a certain Agreement (the "Credit Agreement")
made as of October 1, 1998 by and between the payee and Xxxxxxxx. The Credit
Agreement contains definitions applicable to this note, provisions governing the
making of loans, the acceleration of the maturity thereof, rights of prepayment
and other provisions applicable to this note. Each endorsement, if any, on the
reverse side of this note (or any allonge thereto) shall be prima facie evidence
of the data so endorsed.
Address: PARAVANT COMPUTER SYSTEMS, INC.
0000 Xxxx Xxxx Xxxxxxxxx Xxxxx X
Xxxxxxxxx,Xxxxxxx 00000-0000 By: /s/ Xxxxxxx X. XxXxxxxx
Title: President and COO
