0000889812-97-002272 Sample Contracts

AutoNDA by SimpleDocs
CAPEX NOTE
Capex Note • October 29th, 1997 • Allied Digital Technologies Corp • Phonograph records & prerecorded audio tapes & disks

FOR VALUE RECEIVED, the undersigned, Allied Digital, Inc. (formerly known as Hauppauge Record Manufacturing Ltd.), a New York corporation ("Borrower"), hereby unconditionally promises to pay to the order of American National Bank and Trust Company of Chicago ("Lender"), at the office of Lender at 33 North LaSalle Street, Chicago, Illinois 60690, or at such other place as the holder of this Note may from time to time designate in writing, in lawful money of the United States of America and in immediately available funds, the principal sum of THREE MILLION FOUR HUNDRED FIFTY THOUSAND AND 00/100 DOLLARS ($3,450,000.00) or, if less, the aggregate unpaid principal amount of all advances made by Lender pursuant to subsection 2.1(C) of the Loan Agreement. This Note is referred to in and was executed and delivered pursuant to that certain Amended and Restated Loan and Security Agreement, dated as of October 30, 1996, between Borrower and Lender (as amended, modified or supplemented from time t

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!