Common Contracts

5 similar null contracts by Charles & Colvard LTD, Mikros Systems Corp, Miscor Group, Ltd., Weyco Group Inc

EX-10.2 3 d458840dex102.htm COMMITTED LINE OF CREDIT NOTE Committed Line of Credit Note (Daily LIBOR) $6,500,000.00 December , 2012
May 5th, 2020
  • Filed
    May 5th, 2020

FOR VALUE RECEIVED, MISCOR GROUP, LTD. (the “Borrower”), with an address at 800 Nave Road, Southeast, Massillon, Ohio 44646, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), in lawful money of the United States of America in immediately available funds at its offices located at 213 Market Avenue North, Suite 250, Canton, Ohio 44702, or at such other location as the Bank may designate from time to time, the principal sum of SIX MILLION FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($6,500,000.00) (the “Facility”) or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.

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Committed Line of Credit Note (Daily LIBOR)
Mikros Systems Corp • May 15th, 2018 • Measuring & controlling devices, nec

FOR VALUE RECEIVED, MIKROS SYSTEMS CORPORATION (the “Borrower”), with an address at 200 Commerce Drive, Suite 300, Fort Washington, Pennsylvania 19034, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), in lawful money of the United States of America in immediately available funds at its offices located at 1950 Marlton Pike East, Cherry Hill, New Jersey 08003, or at such other location as the Bank may designate from time to time, the principal sum of FIVE HUNDRED FIFTY THOUSAND AND 00/100 DOLLARS ($550,000.00) (the “Facility”) or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.

Committed Line of Credit Note
Weyco Group Inc • November 7th, 2013 • Wholesale-apparel, piece goods & notions

FOR VALUE RECEIVED, WEYCO GROUP, INC., a Wisconsin corporation (the “Borrower”), with an address at 333 West Estabrook Boulevard, Glendale, Wisconsin 53212, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), in lawful money of the United States of America in immediately available funds at its offices located at 411 East Wisconsin Avenue, Suite 1400, Milwaukee, Wisconsin 53202, or at such other location as the Bank may designate from time to time, the principal sum of SIXTY MILLION AND 00/100 DOLLARS ($60,000,000.00) (the “Facility”) or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.

Committed Line of Credit Note (Daily LIBOR) $10,000,000.00 September 20, 2013
Charles & Colvard LTD • September 24th, 2013 • Jewelry, silverware & plated ware

FOR VALUE RECEIVED, CHARLES & COLVARD, LTD., a North Carolina corporation (the “Borrower”), with an address at 300 Perimiter Park Drive, Suite A, Morrisville, North Carolina 27560, Attention: Chief Financial Officer, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), in lawful money of the United States of America in immediately available funds at its offices located at 134 North Church Street, Rocky Mount, North Carolina 27804, or at such other location as the Bank may designate from time to time, the principal sum of TEN MILLION AND 00/100 DOLLARS ($10,000,000.00) (the “Facility”) or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.

Committed Line of Credit Note (Daily LIBOR) $6,500,000.00 December , 2012
Miscor Group, Ltd. • December 28th, 2012 • Services-miscellaneous repair services

FOR VALUE RECEIVED, MISCOR GROUP, LTD. (the “Borrower”), with an address at 800 Nave Road, Southeast, Massillon, Ohio 44646, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), in lawful money of the United States of America in immediately available funds at its offices located at 213 Market Avenue North, Suite 250, Canton, Ohio 44702, or at such other location as the Bank may designate from time to time, the principal sum of SIX MILLION FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($6,500,000.00) (the “Facility”) or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.

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