SPECIAL PROJECT REVOLVING CREDIT NOTESpecial Project Revolving Credit Note • April 13th, 2018 • Optical Cable Corp • Drawing & insulating of nonferrous wire • Virginia
FOR VALUE RECEIVED, OPTICAL CABLE CORPORATION, a Virginia corporation (the “Borrower”), hereby promises to pay to the order of PINNACLE BANK, a Tennessee banking corporation (the “Lender”), at the times and in the manner hereinafter set forth, the principal sum of SIX MILLION DOLLARS ($6,000,000.00) (the “Special Project Revolving Credit Facility”) or so much thereof as may be advanced under the Special Project Loan Agreement (as hereinafter defined) and remain unpaid, together with accrued interest, at the rate or rates hereinafter set forth, on the unpaid principal balance hereof from time to time, from the date of this Note through and including the date the entire unpaid principal balance hereof has been indefeasibly paid in full. The fact that there may be no unpaid balance outstanding at any particular time shall not affect the continuing validity of this Note.
