Common Contracts
1 similar Dip Credit Agreement contracts
DEBTOR-IN-POSSESSION TERM LOAN NOTEDip Credit Agreement • July 1st, 2019 • West Virginia
FOR VALUE RECEIVED, the undersigned BLACKJEWEL L.L.C., a Delaware limited liability company as Debtor and Debtor-in-Possession (the “Maker”), promises to pay to the order of JEFFERY A. HOOPS, Sr., a resident of Clearwater, Florida, and CLEARWATER INVESTMENT HOLDINGS, LLC, a Delaware limited liability company (together, as their interests may appear, the “Lender,” which term shall include any holders hereof) at 1051 Main Street, Milton, West Virginia 25541-1215, or such other place as the Lender may from time to time designate in writing, the sum of Twenty Million Dollars ($20,000,000.00) (hereinafter called the “Principal Sum”) together with interest as hereinafter provided, and payable at the time(s) and in the manner(s) hereinafter provided. The Maker agrees that the advances made by the Lender and repayments thereof will be evidenced by entries made by the Lender into the Lender’s electronic data processing system and/or internal memoranda maintained by the Lender. The Maker further
