AMENDED AND RESTATED REVOLVING LINE OF CREDIT PROMISSORY NOTECVD Equipment Corp • May 10th, 2011 • Special industry machinery, nec
PROMISE TO PAY: The undersigned (the “Borrower”) does hereby promise to pay to the order of Capital One, N.A. (the "Lender") at its offices at 275 Broadhollow Road, Melville, New York 11747, or at any of its branches, the sum of FIVE MILLION AND 00/100 ($5,000,000.00) DOLLARS (the “Note”), or, if less, the aggregate unpaid principal balance of all Advances (as hereinafter defined) plus interest on the outstanding principal balance at a rate equal to either (i) the Effective LIBOR Rate (as hereinafter defined) plus two hundred (200) basis points (each, at times, a “Libor Advance”) or (ii) Capital One, N.A.’s Prime Rate (as hereinafter defined) minus 25/100 (0.25%) percent (each, at times, a “Prime Advance”) on August 1, 2011 (the “LOC Maturity Date”) on which date and at which time all outstanding principal, accrued interest and related charges due to the Lender shall be due and payable.
MODIFICATION AGREEMENTModification Agreement • May 10th, 2011 • CVD Equipment Corp • Special industry machinery, nec • New York
AGREEMENT made on May 9, 2011 and effective as of May 1, 2011 (the “Effective Date”) by and between CVD EQUIPMENT CORPORATION, a New York corporation with a place of business at 1860 Smithtown Avenue, Ronkonkoma, New York 11779 (hereinafter referred to as "Borrower") and CAPITAL ONE, N.A., having an office at 275 Broadhollow Road, Melville, New York 11747 (hereinafter referred to as the "Lender").
