5,000,000.00 October 13, 1998 WESTELL TECHNOLOGIES, INC., WESTELL, INC., WESTELL INTERNATIONAL, INC., AND CONFERENCE PLUS, INCORPORATED (collectively, the "Borrowers"), for value received, hereby jointly and severally promise to pay to the order of...Westell Technologies Inc • November 16th, 1998 • Telephone & telegraph apparatus
WESTELL TECHNOLOGIES, INC., WESTELL, INC., WESTELL INTERNATIONAL, INC., AND CONFERENCE PLUS, INCORPORATED (collectively, the "Borrowers"), for value received, hereby jointly and severally promise to pay to the order of LaSalle National Bank, a national banking association, and its successors and assigns (the "Bank"), the principal sum of Five Million and No/100 Dollars ($5,000,000) or such lesser amount of all of the then outstanding "Equipment Loan Advances" made by the Bank to the Borrowers pursuant to Paragraph 2.3 of the "Loan Agreement" (as hereinafter defined) on the "Conversion Date" (as defined in the Loan Agreement"), in twelve (12) consecutive equal quarterly installments, as set forth in the Loan Agreement, commencing November 30, 1999 and on the last day of each February, May, August, and November thereafter and with a final installment of the then outstanding principal balance together with all accrued interest on August 30, 2002.
TERM NOTETerm Note • November 16th, 1998 • Westell Technologies Inc • Telephone & telegraph apparatus
WESTELL TECHNOLOGIES, INC., WESTELL, INC., WESTELL INTERNATIONAL, INC., AND CONFERENCE PLUS, INCORPORATED (collectively, "Borrowers"), hereby jointly and severally promise to pay to the order of LaSalle National Bank (the "Bank") the principal sum of Four Million and No/100 Dollars ($4,000,000), in twelve (12) consecutive quarterly installments of principal, each in the amount of Three Hundred Thirty-Three Thousand Three Hundred Thirty-Three and 33/100 Dollars ($333,333.33), payable commencing November 30, 1998 and continuing on the last day of each February, May, August, and November thereafter, with a final payment on August 30, 2001 (each, a "Quarterly Payment Date").
REVOLVING NOTERevolving Note • November 16th, 1998 • Westell Technologies Inc • Telephone & telegraph apparatus
WESTELL TECHNOLOGIES, INC., WESTELL, INC., WESTELL INTERNATIONAL, INC., AND CONFERENCE PLUS, INCORPORATED (collectively, "Borrowers"), hereby jointly and severally promise to pay to the order of LaSalle National Bank (the "Bank"), on August 30, 1999 the principal sum of Sixteen Million and No/100 ($16,000,000), or such lesser amount of all of the then outstanding advances made by the Bank to Borrowers pursuant to Section 2.1 of the "Loan Agreement" (as hereinafter defined), together with interest on any and all principal amounts remaining unpaid hereunder from time to time from the date hereof until paid, at the rate(s) set forth in Section 2.6 of the Loan Agreement, payable on the last day of each "Interest Period" (as such term is defined in the Loan Agreement) and continuing until the Revolving Loans (as such term is defined in the Loan Agreement) are paid in full.
