AFTER THE ENDORSEMENT OF THIS NOTE AS HEREIN PROVIDED, THIS NOTE MAY NOT BE ASSIGNED, PLEDGED, ENDORSED OR OTHERWISE TRANSFERRED EXCEPT TO A SUCCESSOR OF THE TRUSTEE UNDER THE TRUST INDENTURE REFERRED TO IN THE LOAN AGREEMENT REFERRED TO HEREIN....Promissory Note • February 7th, 1997 • Chesapeake Biological Laboratories Inc • Pharmaceutical preparations
The Borrower further agrees to pay interest on the unpaid principal amount from the date of authentication and delivery of the Bonds (as defined in the Loan Agreement referred to below) until the principal amount and all interest thereon is paid in full which shall be paid on the first Business Day of each February, May, August and November (the "Interest Payment Dates"), at the rate of interest equal to the Variable Rate (as defined in the Indenture hereinafter mentioned) or the Fixed Rate (as defined in the Indenture). This Promissory Note is the "Note" referred to in the Loan Agreement dated as of November 1, 1996 (the "Loan Agreement"), between the Borrower and the Issuer and is entitled to the benefits thereof and subject to the conditions thereof. Terms not otherwise defined herein shall have the definitions set forth in the Loan Agreement. Under the Loan Agreement, the Issuer has loaned to the Borrower the proceeds received from the sale of the Issuer's $7,000,000 Maryland Indus
LETTER OF CREDIT AND REIMBURSEMENT AGREEMENT by and between CHESAPEAKE BIOLOGICAL LABORATORIES, INC. and FIRST UNION NATIONAL BANK OF NORTH CAROLINA Dated as of November 1, 1996 ------------------------------------------------ $7,000,000 Maryland...Letter of Credit and Reimbursement Agreement • February 7th, 1997 • Chesapeake Biological Laboratories Inc • Pharmaceutical preparations • Maryland
THIS COLLATERAL PLEDGE AGREEMENT (this "Agreement") is made as of this 1st day of November, 1996, by and between CHESAPEAKE BIOLOGICAL LABORATORIES, INC., a Maryland corporation (the "Borrower") and FIRST UNION NATIONAL BANK OF NORTH CAROLINA, a...Collateral Pledge Agreement • February 7th, 1997 • Chesapeake Biological Laboratories Inc • Pharmaceutical preparations • Maryland
