Exhibit 4.01-5
to
Credit Agreement
Exhibit 10.173 - Company Guarantee Agreement
CONFORMED COPY
[FORM OF]
REVOLVING CREDIT NOTE
$15,000,000 New York, New York
_____________, 1998
FOR VALUE RECEIVED, the undersigned, KINRO, INC., an Ohio corporation,
SHOALS SUPPLY, INC., a Delaware corporation, and XXXXXXX COMPONENTS, INC., a
Delaware corporation (the "Borrowers"), hereby jointly and severally,
unconditionally promise to pay to the order of ________________________ (the
"Lender"), at the office of The Chase Manhattan Bank (the "Administrative
Agent") at Xxx Xxxxx Xxxxxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 on the Maturity
Date in lawful money of the United States of America and in immediately
available funds, the principal amount of (a) ________________ DOLLARS
($____________), or, if less, (b) the aggregate unpaid principal amount of all
Loans made by the Lender pursuant to the Credit Agreement (referred to below).
The Borrowers further agree, jointly and severally, to pay interest on the
unpaid principal amount outstanding hereunder from time to time from the date
hereof in like money at such office at the rates and on the dates specified in
the Credit Agreement.
The holder of this Note is authorized to record on the schedule annexed
hereto or on a continuation thereof the date, Type and amount of each Loan made
pursuant to the Credit Agreement, each continuation thereof, each conversion of
all or a portion thereof to another Type, the date and amount of each payment or
repayment of principal thereof and, in the case of Eurodollar Loans, the length
of each Interest Period with respect thereto; provided, however, that the
failure to make any such recordation shall not affect the obligations of the
Borrowers in respect of such Loans.
This Note is one of the Revolving Credit Notes referred to in the Credit
Agreement dated as of January __, 1998 (the "Credit Agreement"), among the
Borrowers, the Lenders party thereto and The Chase Manhattan Bank as
Administrative Agent, is secured as provided therein and in the Security
Documents, is entitled to the benefits of the Guarantee Agreements as provided
in the Credit Agreement and the Guarantee Agreement, and is subject to optional
and mandatory prepayment as set forth in the Credit Agreement.
Upon the occurrence of any one or more of the Events of Default specified
in the Credit Agreement, all amounts then remaining unpaid on this Note shall
become, or may be declared to be, immediately due and payable, all as provided
in the Credit Agreement.
All parties now and hereafter liable with respect to this Note, whether
maker, principal, surety, guarantor, endorser or otherwise, hereby waive
presentment, demand, protest and all other notices of any kind.
Terms defined in the Credit Agreement are used herein with their defined
meanings unless otherwise defined herein. This Note shall be governed by, and
construed and interpreted in accordance with, the laws of the State of New York.
KINRO, INC.
By:___________________________________
Name:
Title:
SHOALS SUPPLY, INC.
By:___________________________________
Name:
Title:
XXXXXXX COMPONENTS, INC.
By:___________________________________
Name:
Title:
-2-
SCHEDULE 1
TO REVOLVING CREDIT NOTE
LOANS, CONVERSIONS AND PAYMENTS OF ABR LOANS
========================================================================================================
Amount of Amount of Unpaid
ABR Loans Eurodollars Loans Principal
Amount of Amount of Converted to Converted to Balance of Notation
Date ABR Loans Principal Repaid Eurodollar Loans ABR Loans ABR Loans Made By
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
========================================================================================================
-3-
SCHEDULE 2
TO REVOLVING CREDIT NOTE
LOANS, CONVERSIONS AND PAYMENTS OF EURODOLLAR LOANS
========================================================================================================
Amount of Amount of Unpaid
Amount of Amount of Eurodollar Loans ABR Loans Principal
Eurodollar Principal Converted to Converted to Balance of Notation
Date Loans Repaid ABR Loans Eurodollar Loans Eurodollar Loans Made By
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
========================================================================================================
-4-
