Non-Revolving Equipment Line of Credit NoteNon-Revolving Equipment Line of Credit Note • March 29th, 2012 • Bovie Medical Corp • Surgical & medical instruments & apparatus
FOR VALUE RECEIVED, BOVIE MEDICAL CORPORATION, a Delaware corporation (the “Borrower”), with an address at 5115 Ulmerton Road, Clearwater, Florida 33760, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), in lawful money of the United States of America in immediately available funds at its offices located at 201 East Pine Street, Suite 200, Orlando, Florida 32801, or at such other location as the Bank may designate from time to time, the principal sum of ONE MILLION AND 00/100 DOLLARS ($1,000,000.00) (the “Facility”) or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder prior to the Conversion Date (as hereinafter defined), together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.
