Second Term Note. The obligation of Borrower to repay the Second Term Loan shall be evidenced by the Second Term Note.
Second Term Note. The obligations of the Borrowers to repay the aggregate outstanding principal under the First Term Loan and to pay accrued interest thereon shall be evidenced by a promissory note, in form and substance satisfactory to the Bank, to be executed and delivered to the Bank concurrently with the execution and delivery of this Agreement (the "Second Term Note").
Second Term Note. The Second Term Loan shall be evidenced by the second term note of the Borrower, payable to the order of the Bank, substantially in the form of Exhibit C attached hereto, with blanks appropriately completed. The Second Term Note shall be dated a date on or about the date of the Eighth Amendment to this Agreement and shall mature on the applicable Maturity Date at which time the entire outstanding principal balance and all interest thereon shall be due and payable. The Second Term Loan shall bear interest at a rate per annum equal to (a) the Prime Rate, or (b) 3.0% in excess of the Libor Rate for a one month Interest Period, the entire outstanding principal balance of which, at the Borrower’s option (subject to availability), shall be swapped into a fixed rate acceptable to the Bank for the remainder of the term pursuant to the Master Agreement. Interest shall be payable pursuant to Section 2.9 hereof and continued or converted in accordance with the requirements of Section 2.7 hereof. Prepayments shall be subject to Section 2.8 hereof. The Second Term Note shall be entitled to the benefits and subject to the provisions of this Agreement.”
Second Term Note. The Bank shall have received the Second Term Note conforming to the requirements hereof, substantially in the form of Exhibit C hereto with appropriate insertions and duly executed by the Borrower.
Second Term Note. Borrower's obligation to repay the Second Term Loan is evidenced by its $3,000,000 Amended and Restated Term Note dated October 30, 2003 (the "Second Term Note"). Borrower acknowledges that the Second Term Note remains in full force and effect and that the terms incorporated by reference therein are the terms of this Agreement as they have been and in the future may be further amended.
Second Term Note. The Second Term Loan made by Lender shall be evidenced by a single promissory note of the Borrowers, substantially in the form of Exhibit A-1 (the "Second Term Note"), with appropriate insertions, payable to the order of Lender and in the aggregate principal amount equal to the Second Term Loan. The Second Term Note shall (i) be dated November 8, 1996, (ii) represent the joint and several obligations of the Borrowers to pay the principal amount of and interest on the Second Term Loan, (iii) provide for the payment of interest in accordance with subsection 2.5A, (iv) be entitled to the benefit of this Agreement and the Collateral Security Documents, (v) mature on August 29, 1997, and (vi) be payable in five (5) consecutive monthly installments in an amount equal to the lesser of (a) the outstanding principal balance of the Second Term Note, plus accrued and unpaid interest thereon, or (b) Five Hundred Thousand Dollars ($500,000) each, plus accrued and unpaid interest thereon, commencing on March 4, 1997, and continuing on each Installment Payment Date thereafter until and including July 4, 1997, with a final installment in the amount of all outstanding principal of the Second Term Loan, plus all accrued and unpaid interest thereon due and payable on August 29, 1997.
Second Term Note. The Second Term Note executed by the Borrowers in substantially the form of Annex 1 attached hereto;
Second Term Note. The Borrower shall borrow from the Bank, and the Bank shall lend to the Borrower, the sum of One Hundred Thousand Nine Hundred Ninety Dollars and Thirty-one Cents ($100,990.31) on a term loan basis. Such loan shall be evidenced by a Promissory Note in the form attached hereto as Exhibit "C" (hereinafter referred to as "Second Term Note"). Said Second Term Note shall bear interest at a variable rate equal to the Bank's Base Rate, plus one percent (1%), per annum, fluctuating annually. The term Base Rate shall mean the rate of interest announced by the Bank from time to time as its prevailing commercial rate. Bank shall give Borrower notice of any change in the rate. The principal balance outstanding under the Second Term Note shall be amortized on the basis of a ______ (___) month term. Beginning on the 30th day of ___________, 2001, and continuing on the same day of each month thereafter, the Borrower shall make minimum monthly payments of Three Thousand Four Hundred and Ninety-two Dollars ($3,492.00), principal and interest for _____ (___) consecutive months with a balloon payment of all remaining principal and accrued but unpaid interest due and payable in full on the 30th day of May, 2004.
Second Term Note. (a) The Loans shall be evidenced by a joint and several second term note of the Borrowers in substantially the form of Exhibit A annexed to this Agreement (the "Second Term Note"). The Second Term Note shall be dated the date of the Loan, shall be payable to the Bank in the principal amount thereof, and shall otherwise be duly completed. The Second Term Note shall be subject to repayment as provided in Sections 2.5 and 2.6 hereof.
Second Term Note. The Bank shall have received the Second Term Note executed by a duly authorized officer of each Borrower.
