0000910647-97-000184 Sample Contracts

AutoNDA by SimpleDocs
As of May 30, 1997
Farmstead Telephone Group Inc • August 13th, 1997 • Wholesale-electronic parts & equipment, nec
3,500,000 June 6, 1997 For value received, the undersigned, FARMSTEAD TELEPHONE GROUP, INC., a Delaware corporation ("Maker"), promises to pay to FIRST UNION BANK OF CONNECTICUT (SUCCESSOR-IN-INTEREST TO AFFILIATED BUSINESS CREDIT CORPORATION), or...
Farmstead Telephone Group Inc • August 13th, 1997 • Wholesale-electronic parts & equipment, nec

For value received, the undersigned, FARMSTEAD TELEPHONE GROUP, INC., a Delaware corporation ("Maker"), promises to pay to FIRST UNION BANK OF CONNECTICUT (SUCCESSOR-IN-INTEREST TO AFFILIATED BUSINESS CREDIT CORPORATION), or order ("Lender") at its office at 205 Church Street, New Haven, Connecticut 06510, or at such other place as the holder hereof (including Lender, hereinafter referred to as "Holder") may designate, the sum of up to THREE MILLION FIVE HUNDRED THOUSAND DOLLARS ($3,500,000), together with interest on the unpaid balance of this Note, beginning as of the date hereof, before or after maturity or judgment, at the rate of one half of one percentage point (.5%) per annum above the Prime Rate on a floating basis, which rate shall be computed daily and payable monthly in arrears on the basis of a Three Hundred Sixty (360) day year and actual days elapsed, together with all taxes levied or assessed on this Note or the debt evidenced hereby against the Holder, and together with

Time is Money Join Law Insider Premium to draft better contracts faster.