Common Contracts
2 similar Loan Agreement contracts by Photomedex Inc, Surgical Laser Technologies Inc /De/
EXHIBIT 10.24 AMSOUTH NOTE FOR BUSINESS AND COMMERCIAL LOANS REVOLVING AmSouth Bank $ 1,400,000.00 2330 University Blvd Tuscaloosa, AL 35401 DATE: March 26, 2003 FOR VALUE RECEIVED, the undersigned (hereinafter called, whether one or more, the...Loan Agreement • March 31st, 2003 • Photomedex Inc • Electromedical & electrotherapeutic apparatus
London interbank eurodollar market for deposits in United States dollars having a one month maturity, as determined by Holder with reference to the financial information reporting service used by Holder at the time of such determination (the "LIBOR Rate") plus 2.25%. This rate is subject to change on 04/30/2003, and will be subject to change on the same day of every month thereafter (the "Change Date"). The interest rate change is based on changes in the LIBOR Rate. The Holder will determine the LIBOR Rate that will be in effect as of the Change Date; however, if the Change Date is not a Business Day, then the Holder will determine the LIBOR Rate that will be in effect as of the Business Day immediately following the Change Date. Changes in the interest rate on the Loan will be effective as of the Change Date. As used herein, "Business Day" means a day of the year on which banks are not required or authorized to close in Birmingham, Alabama, and a day on which dealings are carried on i
EXHIBIT 10.26Loan Agreement • August 13th, 2002 • Surgical Laser Technologies Inc /De/ • Electromedical & electrotherapeutic apparatus
FOR VALUE RECEIVED, the undersigned (hereinafter called, whether one or more, the "Borrower"), Jointly and severally and solidarily (if more than one), promises to pay to the order of AmSouth Bank (the "Bank"), its successors and assigns (hereinafter sometimes, together with any other holder of this note, called "Holder"), the sum of Three Million and 00/100 Dollars or so much thereof -------------------------------- as the Holder has advanced to the Borrower hereunder (the "Loan"), plus interest on the remaining unpaid principal balance of the Loan from the date hereof until maturity at the rate of:
