The Master Note Sample Clauses

The Master Note. The obligation to repay loans and advances under the Revolving Credit, with interest as provided herein, shall be evidenced by a note (the "Master Note") in the form of EXHIBIT 1-6, annexed hereto, executed by the Borrower. Neither the original nor a copy of the Master Note shall be required, however, to establish or prove any Liability. In the event that the Master Note is ever lost, mutilated, or destroyed, the Borrower shall execute a replacement thereof and deliver such replacement to the Lender and the Lender will defend and indemnify the Borrower with respect to the execution of the replacement Master Note.

The Master Note. All loans and advances made by the Bank to the --------------- Borrower pursuant to the Revolving Credit, and all repayments thereof made by the Borrower to the Bank, shall be evidenced by the Borrower's Master Note (hereinafter, the "Master Note") executed this day and delivered to the Bank (which Master Note is substantially in the form of EXHIBIT 1-3, annexed hereto). In the event the Master Note is lost, destroyed, or mutilated at any time prior to the expiration to the within Agreement, the Borrower shall execute a new Master Note substantially in the form of the Master Note. The Master Note shall not be necessary to establish the indebtedness of the Borrower to the Bank on account of such loans, advances, and repayments.

The Master Note. The Loan shall be evidenced by the Second Amended and Restated Master Note of the Borrower in the principal amount of $22,619,574.61 dated as of the date hereof (the "Second Amended Master Note"). SECTION 2.10. Section 2.3(b) of the Loan Agreement is hereby amended by deleting the table set forth therein in its entirety and replacing it with the following new table: FUNDED DEBT TO EBITDA RATIO INTEREST RATE --------------------------- ------------- .50x or less to 1 LIBOR Rate + 0.750% .51x - .75x to 1 LIBOR Rate + 0.875% .76x - 1.00x to 1 LIBOR Rate + 1.000% 1.01x - 1.24x to 1 LIBOR Rate + 1.125% 1.25x - 1.49x to 1 LIBOR Rate + 1.250% 1.50x - 1.74x to 1 LIBOR Rate + 1.375% 1.75x - 1.99x to 1 LIBOR Rate + 1.500% 2.00x - 2.49x to 1 LIBOR Rate + 1.625% 2.50x or greater to 1 LIBOR Rate + 1.750% SECTION 2.11. Section 2.4 of the Loan Agreement is hereby deleted in its entirety and the following provision is substituted in place thereof:

The Master Note. The obligation to repay loans and advances under the Revolving Credit, with interest as provided herein, shall be evidenced by a note (hereinafter, the "MASTER NOTE") in the form of EXHIBIT 1-6, annexed hereto, executed by the Borrower. Neither the original nor a copy of the Master Note shall be required, however, to establish or prove any Liability. In the event that the Master Note is ever lost, mutilated, or destroyed, the Borrower shall execute a replacement thereof and deliver such replacement to the Lender upon receipt of an original affidavit of loss from the Lender.

The Master Note. The obligation to repay loans and advances under the Revolving Credit, with interest as provided herein, shall be evidenced by a note (hereinafter, the "MASTER NOTE") in the form of EXHIBIT 2-5, annexed hereto, executed by the Agent Borrower and Principal Borrowers. Neither the original nor a copy of the Master Note shall be required, however, to establish or prove any Obligation. In the event that the Master Note is ever lost, mutilated, or destroyed, the Agent Borrower and each Principal Borrower shall upon written request certifying that the Master Note was lost, mutilated or destroyed execute a replacement thereof and deliver such replacement to the Lender.