2- 3 PARTICIPATION OF NOTE. Maker understands that Holder may enter into participation agreements with participating institutions whereby Holder will sell undivided interest in this Note to such other institutions. Maker agrees that Holder may furnish...Commercial Revolving Note • March 4th, 1998 • Professional Transportation Group LTD Inc • Arrangement of transportation of freight & cargo
COMMERCIAL REVOLVING NOTE FOR BANK USE ONLY (Michigan version) Borrower * Amount City, State Date Obligor # * $10,000,000.00 St. Joseph, MI March 31, 2011 Obligation # * Office *Commercial Revolving Note • March 31st, 2011 • Express-1 Expedited Solutions Inc • Transportation services
This Note represents an arrangement that allows Borrower to obtain repay and re-obtain advances without giving Bank a separate note for each advance. Bank will record the date and amount of each advance on an attachment to this Note or on Bank's loan account records. Borrower agrees that each advance so recorded shall be prima facie evidence that an advance was made on the date and in the amount indicated. The number of advances and the amount of each advance are not limited; provided, however, that the maximum unpaid principal balance outstanding at any time shall not exceed the face amount of this Note.
1 EXHIBIT 4.05 COMMERCIAL REVOLVING NOTE (SECURED) People's BankCommercial Revolving Note • April 15th, 1998 • Marine Management Systems Inc • Services-computer programming services
