LINE OF CREDIT NOTE ------------------- $15,000,000.00 Birmingham, Alabama February 18, 2000 FOR VALUE RECEIVED, the undersigned SUBURBAN LODGES OF AMERICA, INC., a Georgia corporation, SUBURBAN HOLDINGS, L.P., a Georgia limited partnership and...Line of Credit Note • March 30th, 2000 • Suburban Lodges of America Inc • Hotels & motels
FOR VALUE RECEIVED, the undersigned SUBURBAN LODGES OF AMERICA, INC., a Georgia corporation, SUBURBAN HOLDINGS, L.P., a Georgia limited partnership and SUBURBAN CONSTRUCTION, INC., a Georgia corporation (hereinafter collectively referred to as "Maker"), jointly and severally promise to pay to the order of SOUTHTRUST BANK, N.A. (hereinafter referred to as "Payee," Payee together with any subsequent Holder(s) hereof, hereinafter collectively referred to as "Holder"), at the office of Payee at 2000 RiverEdge Parkway, Suite 350, Atlanta, Georgia 30326, or at such other place as Holder may designate to Maker in writing from time to time, the principal sum of Fifteen Million and No/100 Dollars ($15,000,000.00), together with interest thereon or on so much thereof as is from time to time outstanding and unpaid (the "Note"), at the rate hereinafter set forth, in lawful money of the United States of America, which shall, at the time of payment, be legal tender in payment of all debts and dues,
UNCONDITIONAL GUARANTY OF PAYMENT AND PERFORMANCE FOR AND IN CONSIDERATION of the sum of Ten and no/100 Dollars and other good and valuable considerations, paid or delivered to SUBURBAN .LODGES OF AMERICA, INC. (hereinafter referred to, collectively,...Unconditional Guaranty of Payment and Performance • March 30th, 2000 • Suburban Lodges of America Inc • Hotels & motels
RECITALSArea Development Agreement • March 30th, 2000 • Suburban Lodges of America Inc • Hotels & motels
