0000889812-96-001627 Sample Contracts

RECITALS
Assignment Agreement • November 6th, 1996 • Delta Computec Inc • Wholesale-computers & peripheral equipment & software
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AMENDED AND RESTATED PROMISSORY NOTE --------------- $2,550,000.00 October 10, 1996 For value received, DELTA COMPUTEC INC. and DELTA DATA NET, INC., each of which is a New York corporation with its principal office at 690 Huyler Street, Teterboro,...
Delta Computec Inc • November 6th, 1996 • Wholesale-computers & peripheral equipment & software

This Note shall bear interest from the date hereof until maturity (whether by acceleration or otherwise) on the balance of principal hereof from time to time unpaid at a rate per annum equal to 1 3/4% in excess of the Prime Rate, as defined below. After maturity (whether by acceleration or otherwise) this Note shall bear interest on the unpaid principal hereof at a rate per annum equal to 3 3/4% in excess of the Prime Rate; provided, however, in no event shall the rate of interest on this Note exceed the maximum rate authorized by applicable law. Interest shall be calculated on the basis of one three hundred sixtieth (1/360th) of the rate hereon for each calendar day such balance of principal is unpaid, which will result in a higher effective annual rate. Interest shall be payable monthly on the first day of each month, commencing November 1, 1996 until the Maturity Date and on the date the principal balance hereof is paid in full. The rate of interest on this Note shall change simulta

LOCK BOX OPERATING AGREEMENT This is a Lock Box Operating Agreement (the "Agreement"), entered into as of this ____ day of October, 1996, by and between Manufacturers and Traders Trust Company, with an office for the conduct of business located at 44...
Lock Box Operating Agreement • November 6th, 1996 • Delta Computec Inc • Wholesale-computers & peripheral equipment & software • New York

This is a Lock Box Operating Agreement (the "Agreement"), entered into as of this ____ day of October, 1996, by and between Manufacturers and Traders Trust Company, with an office for the conduct of business located at 44 Exchange Street, Rochester, New York, 14614 (the "Bank") and Delta Computec Inc. ("DCI"), and DCI's wholly-owned subsidiary, Delta Data Net, Inc. ("DDI" and, collectively with DCI, the "Customer"), each of which have an office for the conduct of business located at 900 Huyler Street, Teterboro, New Jersey 07608, to govern a post office lock box arrangement between the parties to this Agreement. This Agreement is for the benefit of Joseph M. Lobozzo II ("Lobozzo") pursuant to a certain Amended and Restated Promissory Note of even date herewith. The Bank acknowledges that it is acting as agent for Lobozzo for the purpose of perfecting Lobozzo's security interest in certain assets of the Customer under the Uniform Commercial Code.

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