EXHIBIT 13
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AMENDED AND RESTATED PROMISSORY NOTE
$ Dated: December 16, 1996
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FOR VALUE RECEIVED, the undersigned, _________________________ (the
"Borrower"), _________________________, HEREBY PROMISES TO PAY to the order of
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CITIBANK, N.A., a national banking association (the "Bank"), on or before the
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Termination Date, the principal sum of _______________ ($________) or, if less,
the aggregate principal amount of all Advances made by the Bank to the Borrower
pursuant to the Credit Agreement (as defined below) outstanding on the
Termination Date.
The Borrower promises to pay interest on the principal amount of each
Advance from the date of such 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 to the Bank at One Citicorp Center, 000 Xxxx 00xx Xxxxxx, Xxx
Xxxx, Xxx Xxxx 00000 (or at such other address as shall be designated by the
Bank in a written notice to the Borrower), in same day funds. Each Advance made
by the Bank to the Borrower and the maturity thereof, and all payments made on
account of the principal amount thereof, shall be recorded by the Bank and,
prior to any transfer hereof, endorsed on the grid attached hereto which is a
part of this Amended and Restated Promissory Note.
This Amended and Restated Promissory Note is the Note referred to in
and is entitled to the benefits of the Credit Agreement dated as of December 16,
1994, as amended by the First Amendment to Credit Agreement dated as of
September 30, 1996, and as further amended by the Second Amendment to Credit
Agreement dated as of December 16, 1996 among the Borrower and the Bank
thereunder (such Credit Agreement as the same may be amended or supplemented
from time to time, the "Credit Agreement") and is issued in replacement of that
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certain Promissory Note dated December 16, 1994, executed by the Borrower and
made payable to Bank (the "Prior Note"). Nothing herein contained shall be
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construed (a) to be a novation of the Prior Note or (b) to release, cancel,
terminate or otherwise impair the status or priority of the liens or security
for the Prior Note. Further, the Borrower acknowledges and agrees that this Note
shall not be considered a new contract, and that all rights, titles, powers,
liens, security interests and estates created by or under any security document
or other agreement executed in connection with the Credit Agreement or securing
the Prior Note shall continue without interruption in full force and effect. The
Credit Agreement, among other things, contains provisions for acceleration of
the maturities hereof upon the happening of certain stated events and also for
the prepayments on account of principal hereof prior to the maturity hereof upon
the terms and conditions therein specified. Capitalized terms used in this Note
have the respective meanings assigned to them in the Credit Agreement.
This Amended and Restated Promissory Note shall be governed by, and
construed in accordance with, the laws of the State of New York. The Borrower
hereby submits to the exclusive jurisdiction of the United States District Court
for the Southern District of New York and of any court of the State of New York
sitting in New York City for purposes of all legal proceedings arising out of or
relating to the Credit Agreement, this Amended and Restated Promissory Note, any
other Loan Document or any transactions contemplated hereby or thereby. The
Borrower irrevocably waives, to the fullest extent permitted by law, any
objection which the Borrower may now or hereafter have to the laying of the
venue of any such proceeding brought in such a court and any claim that any such
proceeding brought in such a court has been brought in an inconvenient forum.
Notwithstanding the preceding two sentences, the Bank retains the right to bring
any suit, action or proceeding seeking to enforce any provision of, or based on
any matter arising out of or in connection with, the Credit Agreement, this
Amended and Restated Promissory Note, any other Loan Document or any of the
transactions contemplated thereby or thereby in any court that has jurisdiction
over the parties and subject matter.
This Amended and Restated Promissory Note is issued pursuant to and is
entitled to the benefits of the Credit Agreement.
THE BORROWER:
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By:
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ADVANCES AND PAYMENTS OF PRINCIPAL
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Amount of Unpaid
Amount of Maturity of Principal Paid Principal
Date Advance Advance or Unpaid Balance Notation Made By
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