SECURITY AGREEMENTSecurity Agreement • May 15th, 2001 • Electric City Corp • Services-prepackaged software • Illinois
THIS SECURITY AGREEMENT (the "Security Agreement") is made and entered into this 22nd day of March, 2001, by SWITCHBOARD APPARATUS, INC., a Delaware corporation ("Borrower"), to and for the benefit of American National Bank and Trust Company of Chicago ("Bank").
REVOLVING NOTERevolving Note • May 15th, 2001 • Electric City Corp • Services-prepackaged software
FOR VALUE RECEIVED, ELECTRIC CITY CORP., a Delaware corporation, and SWITCHBOARD APPARATUS, INC., a Delaware corporation (individually a "Borrower" and collectively "Borrowers"), hereby, jointly and severally, promise to pay, in immediately available funds, on March 22, 2002, or such earlier maturity date as provided for herein, to the order of AMERICAN NATIONAL BANK AND TRUST COMPANY OF CHICAGO, a national banking association ("Bank"), the principal sum of TWO MILLION AND 00/100 DOLLARS ($2,000,000.00) or such lesser amount as may be outstanding from time to time hereunder (the "Loan"), as follows:
LOAN AGREEMENTLoan Agreement • May 15th, 2001 • Electric City Corp • Services-prepackaged software • Illinois
THIS LOAN AGREEMENT ("Agreement"), is made and entered into this 22nd day of March, 2001, by and among AMERICAN NATIONAL BANK AND TRUST COMPANY OF CHICAGO, a national banking association ("Bank"), and ELECTRIC CITY CORP., a Delaware corporation ("ELECTRIC"), and SWITCHBOARD APPARATUS INC., a Delaware corporation ("SWITCHBOARD") (ELECTRIC and SWITCHBOARD are individually referred to as a "Borrower" and collectively as "Borrowers").
TERM NOTETerm Note • May 15th, 2001 • Electric City Corp • Services-prepackaged software
FOR VALUE RECEIVED, ELECTRIC CITY CORP., a Delaware corporation, and SWITCHBOARD APPARATUS, INC., a Delaware corporation (individually a "Borrower" and collectively, "Borrowers"), hereby, jointly and severally, promise to pay, in immediately available funds, on March 22, 2004, or such earlier maturity date as provided herein, to the order of AMERICAN NATIONAL BANK AND TRUST COMPANY OF CHICAGO, a national banking association ("Bank"), the principal sum of FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($500,000.00) or such lesser amount as may be outstanding from time to time hereunder (the "Loan"), as follows:
