EXHIBIT 10.10
NOTE
$100,000,000 November 13, 1998
FOR VALUE RECEIVED, the undersigned, CONSOLIDATION COAL COMPANY, a Delaware
corporation (the "Borrower"), promises to pay to the order of THE FIRST NATIONAL
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BANK OF CHICAGO (the "Bank") on the Commitment Termination Date the principal
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sum of ONE HUNDRED MILLION DOLLARS ($100,000,000) or, if less, the outstanding
principal amount of all Loans made by the Bank to the Borrower outstanding from
time to time pursuant to that certain Senior Revolving Loan Agreement, dated as
of November 13, 1998, (together with all amendments, if any, hereafter from time
to time made thereto, the "Loan Agreement"), among the Borrower and The Bank as
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such Loans are entered by the holder hereof in its records or in the appropriate
column of the grid (the "Grid") attached to this Note. All payments on account
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of the principal hereof shall also be endorsed by the holder hereof on the Grid
or otherwise entered on the records of the Bank. Failure to record any such
amounts on the Grid shall not limit or otherwise affect the obligations of the
Borrower to make payments of principal or interest on this Note when due.
The unpaid principal amount of this Note from time to time outstanding
shall bear interest as provided in Section 3.4 and Section 3.5 of the Loan
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Agreement.
All payments of principal of and interest on this Note shall be payable in
lawful currency of the United States of America at the offices of the Bank in
immediately available funds.
This Note is the Note referred to in, and evidences indebtedness incurred
under, the Loan Agreement, to which reference is made for a statement of the
terms and conditions on which the Borrower is permitted and required to make
prepayments of principal of this Note and on which the indebtedness evidenced
hereby may be declared to be immediately due and payable. Unless the contract
requires otherwise, a capitalized item in this Note shall have the meaning given
in the Loan Agreement.
CONSOLIDATION COAL COMPANY
By: /s/ Xxxxx X. Xxxxx
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Xxxxx X. Xxxxx
Vice President & Treasurer
GRID
Loans made by the Bank to Consolidation Coal Company described in that certain
Senior Revolving Loan Agreement, dated as of November 13, 1998, and payments of
principal of such Loans.
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PORTION OF PRINCIPAL BALANCE MAINTAINED
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APPLICABLE
AMOUNT OF OUTSTANDING FIXED
AMOUNT OF PRINCIPAL PRINCIPAL BASE RATE LIBO RATE INTEREST NOTATION
DATE LOAN PAYMENT BALANCE LOAN LOAN PERIOD MADE BY
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2
SCHEDULE TO EXHIBIT 10.10
In addition, to Exhibit 10.10, Consolidation Coal Company issued Note for
the benefit of each of the following banks, all of which are substantially
identical to Exhibit 10.10 in all material respects:
The First Union National Bank
Bank of America National Trust and Savings Association
