Common use of New Promissory Note Clause in Contracts

New Promissory Note. On the effective date of this Amendment No. 4, Pameco shall execute and delivery to PSC a Promissory Note (the "New Promissory Note") substantially in the form of Annex A hereto, in substitution and exchange for, but not in payment of, that certain promissory note of Pameco dated April 7, 1998 made in favor of PSC in the principal amount of $60,000,000.

New Promissory Note. On the effective date of this ------------------- Amendment No. 4. 1, Pameco shall execute and delivery to PSC a Promissory Note (the "New Promissory Note") substantially in the form of Annex A hereto, in ------------------- substitution and exchange for, but not in payment of, that certain promissory note of Pameco dated April 7May 1, 1998 1996 made in favor of PSC in the principal amount of $60,000,00040,000,000.