Prior Loan Agreements. This Loan Agreement replaces in their entirety any prior loan agreements executed by the Company and M&I and all such other loan agreements are hereby terminated. Exhibit B LINE OF CREDIT NOTE $50,000,000 Milwaukee, Wisconsin December 31, 1999 FOR VALUE RECEIVED, AMCORE FINANCIAL, INC., a Nevada corporation (the "Company") hereby promises to pay to the order of M&I MARSXXXX & XLSLXX XXXK ("M&I"), the principal sum of FIFTY MILLION DOLLARS ($50,000,000), or such lesser amount of loans which remain outstanding under this Note, on April 30, 2000. The unpaid principal shall bear interest from the date hereof until paid at an annual rate, computed on the basis of a 360-day year, as provided in the Loan Agreement referenced below. Interest accrued on the outstanding principal balance shall be payable on the fifth day of each month, commencing on January 5, 2000, and continuing thereafter until the outstanding principal balance is repaid in full, with all accrued interest paid with the final payment of principal. In the event that any amount of the principal of, or interest on, this Note is not paid when due (whether at stated maturity, by acceleration or otherwise), the entire principal amount outstanding under this Note shall bear interest, in addition to the interest otherwise payable hereunder, at an annual rate of two percent (2%) from the day following the due date until all such overdue amounts have been paid in full. Payments of principal, interest and other amounts due hereunder are to be made in lawful money of the United States of America to M&I at 770 X. Xxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxx 00000, Xxtention: Correspondent Banking, or at such other place as the holder shall designate in writing to the Company. The maker and all endorsers hereby severally waive presentment for payment, protest and demand, notice of protest, demand and of dishonor and nonpayment of this Note. The Company hereby agrees to pay all reasonable fees and expenses incurred by M&I or any subsequent holder, including the reasonable fees of counsel, in connection with the protection and enforcement of the rights of M&I or any subsequent holder under this Note, including without limitation the collection of any amounts due under this Note and the protection and enforcement of such rights (before or after judgment) in any bankruptcy, reorganization or insolvency proceeding involving the Company. This Note constitutes the Line of Credit Note issued pursuant to a Loan Agreement (the "Lo...
Prior Loan Agreements. Lender and Borrower agree and acknowledge they may have entered into other loan or credit agreements dated or effective prior to the date hereof in the same capacity as under the Agreement and that all such prior loan or credit agreements are terminated and superseded by the Agreement.
Prior Loan Agreements
