Esylvan Inc Sample Contracts

AutoNDA by SimpleDocs
ARTICLE II REPRESENTATIONS AND WARRANTIES OF THE COMPANY
Preferred Stock Purchase Agreement • September 27th, 2000 • Esylvan Inc • Services-educational services • Maryland
AGREEMENT ---------
License Agreement • September 27th, 2000 • Esylvan Inc • Services-educational services
RECITALS
Facilities Use Agreement • September 27th, 2000 • Esylvan Inc • Services-educational services • Maryland
Exhibit 10.6 REVOLVING CREDIT NOTE ---------------------
Revolving Credit Note • September 27th, 2000 • Esylvan Inc • Services-educational services

FOR VALUE RECEIVED, eSylvan, Inc., a Maryland corporation (the "Maker"), promises to pay to the order of Sylvan Ventures, LLC, a Delaware limited liability company (together with all subsequent holders of this Note, the "Payee"), the principal sum of Ten Million Dollars ($10,000,000), or such lesser aggregate amount as may be advanced by the Payee from time to time pursuant to the terms of this Note, together with interest on the unpaid principal balance hereof from time to time outstanding, at a fluctuating rate of interest equal to the Prime Rate (hereinafter defined), adjusted (both upwards and downwards) on the date of any change in the Prime Rate. Interest on the outstanding principal balance hereof shall be payable monthly in arrears on the first day of each calendar month, commencing on August 1, 2000, and the entire, then outstanding principal balance hereof, together with all accrued and unpaid interest hereon, shall be due and payable on December 31, 2001, unless extended for

Time is Money Join Law Insider Premium to draft better contracts faster.