Common Contracts
2 similar Term Note Non-Revolving Line of Credit contracts by Document Security Systems Inc
TERM NOTE NON-REVOLVING LINE OF CREDITTerm Note Non-Revolving Line of Credit • December 6th, 2017 • Document Security Systems Inc • Paperboard containers & boxes
This Note evidences a line of credit for the purpose of financing the acquisition of equipment by the Borrower. Advances shall be limited to a maximum of 100% of the invoice price of equipment, less delivery and installation costs acceptable to the Bank in its sole discretion, based upon invoices or other evidence acceptable to the Bank. Advances may be made from time to time until December 1, 2018 (the “Conversion Date”). Within the limits of time and amount set forth above and subject to the terms and conditions set forth herein, and in the other loan and security documents executed in connection herewith. Undersigned may borrow, one or more advances hereunder provided, however, that amounts repaid may not be reborrowed hereunder.
Term Note Non-Revolving LINE OF CREDITTerm Note Non-Revolving Line of Credit • July 28th, 2017 • Document Security Systems Inc • Paperboard containers & boxes
For value received, the undersigned Premier Packaging Corporation, a New York corporation, with an address of 6 Framark Drive, Victor, New York 14564 (the “Borrower”), promises to pay to the order of Citizens Bank, N.A., a national banking association with an address of 833 Broadway, Albany, New York 12207 (together with its successors and assigns, the “Bank”), the principal amount of One Million, Two Hundred Thousand Dollars and Zero Cents ($1,200,000.00), or, if less, such amount as may be the aggregate unpaid principal amount of all loans or advances made by the Bank to the Borrower pursuant hereto, on or before __________, 2025 (the “Maturity Date”), as set forth below, together with interest from the date hereof on the unpaid principal balance from time to time outstanding until paid in full for any Interest Period (as hereinafter defined). Until the Conversion Date (as hereinafter defined), the aggregate principal balance outstanding shall bear interest thereon at a per annum rat
