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2 similar Colonial Revolver Note contracts by Americas Carmart Inc
COLONIAL REVOLVER NOTEColonial Revolver Note • November 8th, 2010 • Americas Carmart Inc • Retail-auto dealers & gasoline stations
COLONIAL AUTO FINANCE, INC., an Arkansas corporation (“Borrower”), for value received, hereby unconditionally promise to pay to the order of BANK OF ARKANSAS, N.A. (“Lender”), the principal sum of TWENTY-SIX MILLION SIX HUNDERD SIXTY-SIX THOUSAND SIX HUNDERD SIXTY-SIX DOLLARS AND 667/1000 CENTS ($26,666,666.667), or such lesser amount as may be advanced by Lender as Colonial Revolver Loans and owing as LC Obligations from time to time under the Loan Agreement described below, together with all accrued and unpaid interest thereon. Terms are used herein as defined in the Loan and Security Agreement dated as of November 4, 2010, among Borrower, America’s Car Mart, Inc., an Arkansas corporation, Texas Car-Mart, Inc., a Texas corporation, America’s Car-Mart, Inc., a Texas corporation, Bank of Arkansas, N.A., as Agent and Co-Lead Arranger, Bank of America, N.A., as Collateral Agent, Documentation Agent and Co-Lead Arranger, Lender, and certain other financial institutions, as such agreement
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COLONIAL REVOLVER NOTEColonial Revolver Note • November 8th, 2010 • Americas Carmart Inc • Retail-auto dealers & gasoline stations
COLONIAL AUTO FINANCE, INC., an Arkansas corporation (“Borrower”), for value received, hereby unconditionally promise to pay to the order of COMMERCE BANK, N.A. (“Lender”), the principal sum of EIGHT MILLION EIGHT HUNDERD EIGHTY-EIGHT THOUSAND EIGHT HUNDERD EIGHTY-EIGHT DOLLARS AND 889/1000 CENTS ($8,888,888.889), or such lesser amount as may be advanced by Lender as Colonial Revolver Loans and owing as LC Obligations from time to time under the Loan Agreement described below, together with all accrued and unpaid interest thereon. Terms are used herein as defined in the Loan and Security Agreement dated as of November 4, 2010, among Borrower, America’s Car Mart, Inc., an Arkansas corporation, Texas Car-Mart, Inc., a Texas corporation, America’s Car-Mart, Inc., a Texas corporation, Bank of Arkansas, N.A., as Agent and Co-Lead Arranger, Bank of America, N.A., as Collateral Agent, Documentation Agent and Co-Lead Arranger, Lender, and certain other financial institutions, as such agreement