Common Contracts

2 similar Mortgage Note contracts by Compx International Inc, Nl Industries Inc

Contract
Mortgage Note • May 19th, 2010 • Compx International Inc • Cutlery, handtools & general hardware
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MORTGAGE NOTE THIS MORTGAGE NOTE IS NON-NEGOTIABLE
Mortgage Note • October 16th, 2008 • Nl Industries Inc • Industrial inorganic chemicals

FOR VALUE RECEIVED, SAYREVILLE SEAPORT ASSOCIATES, L.P., a Delaware limited partnership, ("Borrower") hereby promises to pay to the order of NL Industries, Inc., a New Jersey corporation ("NL Industries") and NL Environmental Management Services, Inc., a New Jersey corporation ("NL Environmental" together with NL Industries and any and all of their successors and assigns and/or any other holder of this Note, collectively, the "Lender"), without offset, in immediately available funds in lawful money of the United States of America, at its offices 5430 LBJ Freeway, Suite 1700, Dallas, TX 75240, or at such other place or places as may hereafter be designated by Lender, the principal sum of FIFTEEN MILLION DOLLARS and No/100 Dollars ($15,000,000.00) (or the unpaid balance of all principal advanced against this Note, if that amount is less), together with interest on the unpaid principal balance of this Note from day to day outstanding as hereinafter provided (the "Loan").

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