Exhibit 10.46 TERM LOAN B NOTE $9,000,000 Dated: December 23, 2003 FOR VALUE RECEIVED, the undersigned, CERES GROUP, INC., a Delaware corporation (the "Borrower"), hereby promises to pay to the order of The CIT Group/Equipment Financing, Inc. (the...Term Loan B Note • January 8th, 2004 • Ceres Group Inc • Life insurance
FOR VALUE RECEIVED, the undersigned, CERES GROUP, INC., a Delaware corporation (the "Borrower"), hereby promises to pay to the order of The CIT Group/Equipment Financing, Inc. (the "Lender"), in immediately available funds the principal sum of NINE MILLION DOLLARS ($9,000,000), payable as provided in the Credit Agreement (as defined herein). Capitalized terms used herein shall have the meanings ascribed to such terms in that certain Credit and Security Agreement, dated as of December 23, 2003 (as the same may from time to time be amended, supplemented, restated or otherwise modified, the "Credit Agreement"), among the Borrower, certain Subsidiary Guarantors which are parties thereto, the Lender, the other Lenders listed on the signature pages thereto, and National City Bank, as Agent (the "Agent").
TB-1 March 13, 1997 FOR VALUE RECEIVED, the undersigned Newco, Inc., a Wisconsin corporation (the "Borrower"), hereby promises to pay Fleet National Bank (the "Lender") or order, on the Term Loan B Maturity Date, the aggregate unpaid principal amount...Term Loan B Note • March 21st, 1997 • Swing N Slide Corp • Sporting & athletic goods, nec
This Note evidences borrowings under, and is entitled to the benefits of, and is subject to the provisions of, the Credit Agreement dated as of March 13, 1997, as from time to time in effect (the "Credit Agreement"), among the Borrower, certain of its Affiliates, the Lender and certain other parties. The principal of this Note is prepayable in the amounts and under the circumstances set forth in the Credit Agreement, and may be prepaid in whole or from time to time in part, all as set forth in the Credit Agreement. Terms defined in the Credit Agreement are used herein with the meanings so defined.
