Common Contracts
2 similar Term Note contracts by Cadista Holdings Inc.
TERM NOTE DATE: September 22, 2006 PRINCIPAL: Up to and Including $3,000,000.00 INTEREST: Six (6) Months LIBOR plus 165 BPS per annum.Term Note • June 1st, 2011 • Cadista Holdings Inc. • New York
ON DEMAND AND FOR VALUE RECEIVED, JUBILANT PHARMACEUTICALS INC. (the “Borrower”), a corporation organized and existing under the laws of the State of Delaware, and having its principal place of business at 207 Kiley Drive, Salisbury, Maryland, hereby promises to pay to the order of BANK OF BARODA, at its office at 1 Park Avenue, New York, N.Y. 10016, (“Lender”), or at such other place as Lender may from time to time designate in writing, in lawful money of the United States and in immediately available funds, the principal sum of $3,000,000.00, or if different from such amount, the unpaid principal balance of the Term Loan Advances as may be due and owing to Lender under the Agreement, as defined below payable in accordance thereof, together with accrued interest outstanding thereon, at a rate of SIX (6) months LIBOR plus 165 bps, per annum, subject to change at Lender’s discretion. LIBOR shall mean the British Bankers’ Association interbank offered rates for deposits, which appear on
TERM NOTE DATE: September 22, 2006 PRINCIPAL: Up to and Including $5,000,000.00 INTEREST: Six (6) Months LIBOR plus 165 BPS per annum.Term Note • June 1st, 2011 • Cadista Holdings Inc. • New York
ON DEMAND AND FOR VALUE RECEIVED, JUBILANT PHARMACEUTICALS INC. (the “Borrower”), a corporation organized and existing under the laws of the State of Delaware, and having its principal place of business at 207 Kiley Drive, Salisbury, Maryland, hereby promises to pay to the order of STATE BANK OF INDIA, NEW YORK BRANCH at its office at 460 Park Avenue, New York, N.Y. 10022, (“Lender”), or at such other place as Lender may from time to time designate in writing, in lawful money of the United States and in immediately available funds, the principal sum of $5,000,000.00 or if different form such amount, the unpaid principal balance of the Term Loan Advances as may be due and owing to Lender under the Agreement, as defined below, payable in accordance thereof, together with accrued interest outstanding thereon, at a rate of SIX (6) months LIBOR plus 165 bps, per annum, subject to change at Lender’s discretion. LIBOR shall mean the British Bankers’ Association interbank offered rates for dep
