Common Contracts
2 similar Swingline Loan Note contracts by Grubb & Ellis Co
Exhibit (b)(5) SWINGLINE LOAN NOTE -------------------Swingline Loan Note • January 10th, 2001 • Grubb & Ellis Co • Real estate agents & managers (for others)
FOR VALUE RECEIVED, the undersigned, GRUBB & ELLIS COMPANY, a Delaware corporation (the "Borrower"), hereby unconditionally promises to pay to the order of BANK OF AMERICA, N.A. (the "Lender"), at the office of Administrative Agent located at 100 North Tryon Street, 7th Floor, Charlotte, North Carolina 28255-0001, in lawful money of the United States of America and in immediately available funds, on the dates specified in the Credit Agreement referred to below and on the Revolving Credit Termination Date, the principal amount of TWO MILLION AND XX/100 DOLLARS ($2,000,000.00), or, if less, the aggregate unpaid principal amount of all Swingline Loans of the Swingline Lender made to the Borrower pursuant to Section 2.1 of the Credit Agreement (as defined below). The Borrower further agrees to pay interest in like money at such office on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in Section 4.7 of the Credit Agreement. Unless ot
SWINGLINE LOAN NOTE -------------------Swingline Loan Note • November 12th, 1999 • Grubb & Ellis Co • Real estate agents & managers (for others) • Illinois
Upon the occurrence and during the continuance of any one or more of the Events of Default, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable, all provided in the Credit Agreement.
