Common Contracts
2 similar Revolving Credit Note contracts by Tanisys Technology Inc
REVOLVING CREDIT NOTE (this "NOTE") FOR VALUE RECEIVED, ON OR BEFORE the Termination Date (as defined in the Credit Agreement), 1ST TECH CORPORATION, DARKHORSE SYSTEMS, INCORPORATED, and TANISYS TECHNOLOGY, INC. (jointly and severally, "BORROWERS")...Revolving Credit Note • February 27th, 1997 • Tanisys Technology Inc • Electronic components, nec
The "DETERMINING RATIO" on any date shall be the ratio (determined for all Borrowers combined, as of the end of the most recently ended calendar month) of (i) Indebtedness to (ii) Annualized EBDITA (Adjusted). Annualized EBDITA (Adjusted) shall mean (a) for the first 11 months after May 20, 1996, Borrowers' average combined monthly EBDITA (Adjusted) (as correctly reported in Borrowers' Compliance Certificates in the form of Exhibit C of the Credit Agreement) for all months reported to the date the ratio is determined, times twelve; and (b) thereafter, the sum of Borrowers' combined monthly EBDITA (Adjusted) (as correctly reported) for the 12 months preceding the date the ratio is determined. "PRIME RATE" means that rate as determined from time to time by Bank as being its prime rate in effect at its principal office in New York City. Without notice to Borrowers or any other Person, the Prime Rate shall change automatically from time to time as and in the amount by which said prime rate
REVOLVING CREDIT NOTE (this "NOTE")Revolving Credit Note • November 27th, 1996 • Tanisys Technology Inc
