REVOLVING NOTE (LIBOR and/or Prime)Revolving Note • July 19th, 2005 • Sm&A • Services-management consulting services
On May 1, 2006 (“Termination Date”), SM&A, a California corporation (“Borrower”), promises to pay to the order of City National Bank, a national banking association (“CNB”), at its office in this city, in United States Dollars and in immediately available funds, the principal sum of Ten Million and no/100 Dollars ($10,000,000.00) (“Revolving Credit Commitment”) or so much thereof as may be advanced and then outstanding, plus interest on the unpaid balance, until fully repaid, at a rate computed on the basis of a 360-day year, actual days elapsed, at the rates, times and in accordance with the terms set forth below.
