REVOLVING CREDIT NOTERevolving Credit Note • November 15th, 2012 • Warwick Valley Telephone Co • Telephone communications (no radiotelephone)
FOR VALUE RECEIVED, WARWICK VALLEY TELEPHONE COMPANY, a New York corporation (the “Borrower”), promises to pay to the order of TRISTATE CAPITAL BANK (the “Lender”) the principal amount of TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($2,500,000) or, if less, the aggregate amount of Loans (as defined in the Credit Agreement referred to below) made by the Lender to the Borrower pursuant to the Credit Agreement referred to below outstanding on the Expiration Date (as defined in such Credit Agreement) on the Expiration Date.
CREDIT AGREEMENTCredit Agreement • November 15th, 2012 • Warwick Valley Telephone Co • Telephone communications (no radiotelephone) • Pennsylvania
THIS CREDIT AGREEMENT, dated as of November 8, 2012, between Warwick Valley Telephone Company, a New York corporation (the “Borrower”), and TRISTATE CAPITAL BANK, a Pennsylvania state chartered bank (the “Lender”). The parties hereto, intending to be legally bound hereby, agree as follows:
