Common Contracts
2 similar Term Note contracts by Pro Dex Inc
TERM NOTE BTerm Note • November 12th, 2020 • Pro Dex Inc • Surgical & medical instruments & apparatus
FOR VALUE RECEIVED, the undersigned, PRO-DEX, INC., a Colorado corporation (the “Borrower”), promises to pay to the order of MINNESOTA BANK & TRUST, a Minnesota state banking corporation (the “Lender”), the principal sum of ONE MILLION and No/100ths DOLLARS (U.S. $1,000,000.00) on or before November 1, 2027, or such earlier date as this promissory note (this “Note”) may be declared due and payable by Lender pursuant to the terms hereof and the terms of the Credit Agreement (the “Maturity Date”), together with interest on the principal amount thereof outstanding from time to time at the rate or rates described below, and any and all other amounts which may be due and payable hereunder or under any of the Loan Documents (as hereinafter defined) from time to time. This Note is made pursuant to the terms and conditions set forth in that certain Amended and Restated Credit Agreement dated of even date herewith by and between Borrower and Lender (as amended, modified, supplemented or restate
AMENDED AND RESTATED TERM NOTE ATerm Note • November 12th, 2020 • Pro Dex Inc • Surgical & medical instruments & apparatus
FOR VALUE RECEIVED, the undersigned, PRO-DEX, INC., a Colorado corporation (the “Borrower”), promises to pay to the order of MINNESOTA BANK & TRUST, a Minnesota state banking corporation (the “Lender”), the principal sum of SEVEN MILLION FIVE HUNDRED TWENTY FIVE THOUSAND AND No/100ths DOLLARS (U.S. $7,525,000.00) on or before November 1, 2027, or such earlier date as this promissory note (this “Note”) may be declared due and payable by Lender pursuant to the terms hereof and the terms of the Credit Agreement (the “Maturity Date”), together with interest on the principal amount thereof outstanding from time to time at the rate or rates described below, and any and all other amounts which may be due and payable hereunder or under any of the Loan Documents (as hereinafter defined) from time to time. This Note is made pursuant to the terms and conditions set forth in that certain Amended and Restated Credit Agreement dated of even date herewith by and between Borrower and Lender (as amende
