EXHIBIT A-1 - FORM OF
REVOLVING CREDIT
PROMISSORY NOTE
U.S. _______________ Dated: September __, 2002
FOR VALUE RECEIVED, the undersigned, [NAME OF BORROWER], a
_________________ corporation (the "Borrower"), HEREBY PROMISES TO PAY to the
order of _________________________ (the "Lender") for the account of its
Applicable Lending Office (as defined in the Credit Agreement referred to below)
the aggregate principal amount of the Revolving Credit Advances (as defined
below) owing to the Lender by the Borrower pursuant to the Second Amended and
Restated Credit Agreement dated as of September __, 2002 among the Borrower,
[Paxar Corporation,] the other Borrowers party thereto, the Lender and certain
other lenders party thereto, and Fleet National Bank, as Administrative Agent
for the Lender and such other lenders (as amended or modified from time to time,
the "Credit Agreement"; the terms defined therein being used herein as therein
defined) on the Termination Date.
The Borrower promises to pay the Lender interest on the
unpaid principal amount of each Revolving Credit
Advance from the date of such Revolving Credit Advance until such principal
amount is paid in full, at such interest rates, and payable at such times, as
are specified in the Credit Agreement.
Both principal and interest are payable in lawful money of
the United States of America or in the Primary
Currency, as appropriate, to Fleet National Bank, as Administrative Agent, at
the office of the Administrative Agent as the Administrative Agent shall notify
the Borrower, in same day funds. Each Revolving Credit Advance owing to the
Lender by the Borrower pursuant to the Credit Agreement, and all payments made
on account of principal thereof, shall be recorded by the Lender and, prior to
any transfer hereof, endorsed on the grid attached hereto which is part of this
Promissory Note.
This Promissory Note is one of the Revolving Credit Notes
referred to in, and is entitled to the benefits of,
the Credit Agreement. The Credit Agreement, among other things, (i) provides for
the making of advances (the "Revolving Credit Advances") by the Lender to the
Borrower from time to time in an aggregate amount not to exceed at any time
outstanding the U.S. dollar amount first above mentioned, the indebtedness of
the Borrower resulting from each such Revolving Credit Advance being evidenced
by this Promissory Note, and (ii) contains provisions for acceleration of the
maturity hereof upon the happening of certain stated events and also for
prepayments on account of principal hereof prior to the maturity hereof upon the
terms and conditions therein specified. The obligations of the Borrower under
this Promissory Note and the Credit Agreement, and the obligations of the other
Loan Parties under the Loan Documents, are secured by the Collateral as provided
in the Loan Documents.
The Borrower hereby waives presentment, demand, protest and
notice of any kind. No failure to exercise, and no
delay in exercising, any rights hereunder on the part of the holder hereof shall
operate as a waiver of such rights.
This Promissory Note shall be governed by, and construed in
accordance with, the laws of the State of New York.
[NAME OF XXXXXXXX]
By
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Title:
ADVANCES AND PAYMENTS OF PRINCIPAL
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Amount of Principal Paid
Date Amount of Advance or Prepaid Unpaid Principal Balance Notation Made By
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