Common Contracts

2 similar Credit Line Note contracts by McGrath Rentcorp

CREDIT LINE NOTE
Credit Line Note • July 15th, 2005 • McGrath Rentcorp • Services-equipment rental & leasing, nec

FOR VALUE RECEIVED, on June 30, 2008, the undersigned (“Borrower”) promises to pay to the order of UNION BANK OF CALIFORNIA, N.A. (“Bank”), as indicated below, the principal sum of Five Million Dollars ($5,000,000), or so much thereof as is disbursed, together with interest on the balance of such principal sum from time to time outstanding, at a per annum rate equal to the Reference Rate, such per annum rate to change as and when the Reference Rate shall change.

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CREDIT LINE NOTE
Credit Line Note • June 10th, 2004 • McGrath Rentcorp • Services-equipment rental & leasing, nec

FOR VALUE RECEIVED, on July 2, 2007, the undersigned (“Borrower”) promises to pay to the order of UNION BANK OF CALIFORNIA, N.A. (“Bank”), as indicated below, the principal sum of Five Million Dollars ($5,000,000), or so much thereof as is disbursed, together with interest on the balance of such principal sum from time to time outstanding, at a per annum rate equal to the Reference Rate, such per annum rate to change as and when the Reference Rate shall change.

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