Common Contracts
2 similar Revolving Credit Note contracts by Axion International Holdings, Inc.
REVOLVING CREDIT NOTERevolving Credit Note • November 21st, 2013 • Axion International Holdings, Inc. • Plastics foam products
For value received, the undersigned, AXION INTERNATIONAL HOLDINGS, INC., a Colorado corporation (“Parent”), AXION INTERNATIONAL, INC., a Delaware corporation and a wholly-owned subsidiary of Parent (“AXI”), and AXION RECYCLED PLASTICS INCORPORATED, an Ohio corporation and a wholly-owned subsidiary of AXI (together with Parent and AXI, “Borrowers”), hereby promise to pay to the order of Samuel G. Rose (“Lender”) or his assigns, as further provided herein, the principal amount of up to One Million Two Hundred Fifty Thousand Dollars ($1,250,000) or so much thereof as has been advanced and remains unpaid under the Agreement referred to in Section 1 hereof, together with interest on the unpaid principal balance from time to time outstanding hereunder until paid in full at the rates and in the manner determined in accordance with the provisions hereof and of the Agreement, subject to the terms of the Agreement.
REVOLVING CREDIT NOTERevolving Credit Note • November 21st, 2013 • Axion International Holdings, Inc. • Plastics foam products
For value received, the undersigned, AXION INTERNATIONAL HOLDINGS, INC., a Colorado corporation (“Parent”), AXION INTERNATIONAL, INC., a Delaware corporation and a wholly-owned subsidiary of Parent (“AXI”), and AXION RECYCLED PLASTICS INCORPORATED, an Ohio corporation and a wholly-owned subsidiary of AXI (together with Parent and AXI, “Borrowers”), hereby promise to pay to the order of MLTM Lending, LLC (“Lender”) or its assigns, as further provided herein, the principal amount of up to One Million Two Hundred Fifty Thousand Dollars ($1,250,000) or so much thereof as has been advanced and remains unpaid under the Agreement referred to in Section 1 hereof, together with interest on the unpaid principal balance from time to time outstanding hereunder until paid in full at the rates and in the manner determined in accordance with the provisions hereof and of the Agreement, subject to the terms of the Agreement.
