Exhibit 10.12 ------------- AMENDED AND RESTATED PROMISSORY NOT] (Equipment Line of Credit Loans)Promissory Note • April 2nd, 2001 • Transwitch Corp /De • Semiconductors & related devices
This promissory note amends and restates the terms and conditions of the obligations of the Borrower under the Promissory Note (Equipment Line of Credit Loans) dated December 31, 1996 (the "Original Note"), by the Borrower to the Bank, as amended from time to time. Nothing contained in this promissory note shall be deemed to create or represent the issuance of new indebtedness or the exchange by the Borrower of the Original Note for a new promissory note. This promissory note is the Equipment Note referred to in the Eighth Loan Modification Agreement of even date herewith, which amends the Commitment Letter dated as of July 1, 1993, between the Bank and the Borrower, as amended by letter amendments dated as of September 1, 1994 and March 21, 1995, and as further amended by loan modification agreements dated as of April 8, 1994, April 19, 1995, January 5, 1996, December 31, 1996, July 11, 1997, July 16, 1998, July 15, 1999, and July 14, 2000, together with all related schedules, as the
RECITALSLoan Modification Agreement • April 2nd, 2001 • Transwitch Corp /De • Semiconductors & related devices
