BACKGROUNDSyndicated Loan Agreement • February 12th, 1998 • Piercing Pagoda Inc • Retail-jewelry stores
REPLACEMENT REVOLVING LOAN NOTEReplacement Revolving Loan Note • February 12th, 1998 • Piercing Pagoda Inc • Retail-jewelry stores
FOR VALUE RECEIVED AND INTENDING TO BE LEGALLY BOUND HEREBY, the undersigned, Piercing Pagoda, Inc. ("Borrower"), a Delaware corporation, promises to pay to the order of Summit Bank ("Lender"), at the offices of CoreStates Bank, N.A. ("Administrative Agent"), a national bank with an office at Broad and Chestnut Streets, Philadelphia, Pennsylvania, or at such other location as Administrative Agent may designate from time to time, with interest as set forth below, the principal sum of Twenty-Six Million Six Hundred Sixty-Five Thousand ($26,665,000.00) Dollars or such lesser sum which represents Lender's Pro Rata Share of the principal balance outstanding under the Revolving Loan established pursuant to the provisions of that certain Syndicated Loan Agreement dated March 27, 1997 among Borrower, Administrative Agent, Lender and the other "Lenders" listed therein, as amended pursuant to the provisions of that certain First Amendment to Syndicated Loan Agreement of even date herewith among
