WITNESSETH:Credit Agreement • July 1st, 1997 • Hagler Bailly Inc • Services-management consulting services
HAGLER BAILLY CONSULTING, INC. Revolving Credit NoteHagler Bailly • July 1st, 1997 • Hagler Bailly Inc • Services-management consulting services
This note evidences a revolving credit loan or loans under, and is subject to the provisions of, a certain Credit Agreement dated as of May 17, 1995 (as amended from time to time, the "Credit Agreement") by and between the Company and the Bank. The holder of this Note is entitled to the benefits of the Credit Agreement and to the benefits of the Security Documents referred to therein. Neither this reference to such Credit Agreement nor any provision thereof shall affect or impair the absolute and unconditional obligation of the Company to pay the principal of and interest on this Note as provided herein. All payments of principal of and interest on this Note shall be payable in immediately available Funds at the address of the Bank set forth in the Credit Agreement. Capitalized terms used herein without definition which are defined in the Credit Agreement shall have the meanings ascribed to them in the Credit Agreement.
June 12, 1997 Reliance Insurance Company Park Avenue Plaza 55 East 52nd Street New York, NY 10055 RE: Hagler Bailly Consulting, Inc. Ladies and Gentlemen: We refer to the Intercreditor and Subordination Agreement, dated as of May 25, 1995 (the...Hagler Bailly Inc • July 1st, 1997 • Services-management consulting services
We refer to the Intercreditor and Subordination Agreement, dated as of May 25, 1995 (the "Intercreditor Agreement"), by and among State Street Bank and Trust Company (the "Bank"), RCG International, Inc. ("RCG") and Hagler Bailly Consulting, Inc. (the "Company"). The rights and obligations of RCG in respect of the Intercreditor Agreement and the Subordinated Indebtedness referred to therein were transferred and assigned to Reliance Insurance Company (the "Subordinated Creditor"). Unless otherwise indicated, capitalized terms used herein without definition which are defined in the Intercreditor Agreement shall have the respective meanings ascribed to them therein.
