PROMISSORY NOTE No. 01Promissory Note • August 14th, 2001 • Liberty Livewire Corp • Services-motion picture & video tape distribution
FOR VALUE RECEIVED, TODD-AO STUDIOS WEST, a(n) California corporation and TODD-AO STUDIOS EAST, INC., a New York corporation (collectively "Maker"), promises to pay to the order of HELLER FINANCIAL LEASING, INC., a Delaware corporation (together with any holder of this Note, "Payee"), at its office located at 500 West Monroe Street, Chicago, Illinois 60661, or at such other place as Payee may from time to time designate, the principal sum of $10,000,000.00, together with interest thereon at a rate per annum equal to the Base Rate (hereafter defined), plus3.25%, payable in sixteen (16) consecutive quarterly installments of principal plus interest commencing October 1, 2001, and continuing on the same day of each consecutive calendar quarter thereafter until this Note is fully paid. The first fifteen (15) such quarterly installments shall each be in the principal amount of $533,333.33, plus accrued interest, and the final quarterly installment shall be in the amount of the entire then ou
SUBORDINATION AGREEMENTSubordination Agreement • August 14th, 2001 • Liberty Livewire Corp • Services-motion picture & video tape distribution
In order to induce Heller Financial Leasing, Inc., a Delaware corporation ("Heller"), to make a $10,000,000 loan to Todd-AO Studios West, a California corporation ("Todd West"), and Todd-AO Studios East, a New York corporation ("Todd East"), which loan will be:
MASTER SECURITY AGREEMENTMaster Security Agreement • August 14th, 2001 • Liberty Livewire Corp • Services-motion picture & video tape distribution • New York
This Master Security Agreement (this "Agreement") is entered into as of the 22nd day of June ,2001 among Todd-AO Studios West, a California corporation, and Todd-AO Studios East, Inc., a New York corporation, whose business address is 520 Broadway, Santa Monica, CA 90401, Telecopy No. 310-434-7007 (collectively "Borrower"), and Heller Financial Leasing, Inc., a Delaware corporation, whose address is 500 West Monroe Street, Chicago, Illinois 60661 Telecopy No. 312-441-6915 ("Lender"). Capitalized terms used in this Agreement and not otherwise defined shall have the meanings set forth in Section 14 of this Agreement.
