Exhibit 10.46
ROLLOVER NOTE
Rochester, New York
November 9, 2001
For value received, CHOICE ONE COMMUNICATIONS INC., a Delaware
corporation (the "BORROWER"), promises to pay to the order of
"LENDER"), for the account of its Applicable Lending
Office, the unpaid principal amount of the Rollover Loan made by the Lender to
the Borrower pursuant to the Bridge Financing Agreement referred to below on
November 9, 2010. The Accreted Value of the Rollover Loan evidenced by this Note
on any date shall be determined in accordance with the definition of "Accreted
Value" set forth in the Bridge Agreement. The Borrower promises to pay interest
on the unpaid principal amount of such Rollover Loan on the dates and at the
rate or rates provided for in the Bridge Financing Agreement. All such payments
of principal and interest shall be made in lawful money of the United States in
Federal or other immediately available funds to the Administrative Agent for the
account of the Lender.
The date and amount of the Rollover Loan made by the Lender and all
repayments of the principal thereof shall be recorded by the Lender and, if the
Lender so elects in connection with any transfer or enforcement hereof,
appropriate notations to evidence the foregoing information with respect to such
Rollover Loan then outstanding may be endorsed by the Lender on the schedule
attached hereto, or on a continuation of such schedule attached to and made a
part hereof; provided that the failure of the Lender to make (or any error in
making) any such recordation or endorsement shall not affect the Borrower's
obligations hereunder or under the Bridge Financing Agreement.
This note is one of the promissory notes referred to in the Bridge
Financing Agreement dated as of August 1, 2000 among the Borrower, the Lenders
party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc., as Administrative Agent
(as the same may be amended from time to time, the "BRIDGE FINANCING
AGREEMENT"). Terms defined in the Bridge Financing Agreement are used herein
with the same meanings. Reference is made to the Bridge Financing Agreement for
provisions for the prepayment hereof and the acceleration of the maturity
hereof.
CHOICE ONE COMMUNICATIONS INC.
By:/s/Xxxx X. Xxxxxx
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Name: Xxxx X. Xxxxxx
Title: Vice President, Finance and Treasurer
LOANS AND PAYMENTS OF PRINCIPAL
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AMOUNT OF
PRINCIPAL1/
DATE AMOUNT OF LOAN ACCRETED VALUE2 NOTATION MADE BY
REPAID
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November 9, 2001
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1. Prior to the Reset Date
2. On and after the Reset Date
