AMENDED AND RESTATED REVOLVING CREDIT NOTE $5,000,000.00 New York, New York June 2, 2016 FOR VALUE RECEIVED, MAJESCO, a California corporation ("Borrower"), having an address at 105 Fieldcrest Avenue, Suite 208, Edison, New Jersey 08837,...Majesco • June 27th, 2016 • Services-prepackaged software
The Borrower acknowledges that the Applicable Libor Rate is a base rate for calculating interest on certain loans and is not intended to be and is not necessarily the lowest or most favorable rate charged by the Bank to any borrower or category of borrowers. "Business Day" means any day excluding Saturday, Sunday and any day that is a legal holiday under the laws of the State of New York and any day on which banking institutions located in such state are authorized by law or other governmental action to close. Whenever any payment to be made under this Note shall be stated to be due on a day that is not a Business Day, such payment shall be made on the next succeeding Business Day and any resulting extension of time shall in such case be included in the computation of the payment of interest. This Note is the note referred to in and to be repaid in accordance with (i) the Credit Facility Agreement dated as of March 25, 2011 between the Bank and MajescoMastek Inc. as such may be amended
ContractMajesco • June 27th, 2016 • Services-prepackaged software
