Grid Note Sample Contracts

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Jbi Inc. – Demand Grid Note (February 18th, 2016)
Zrho Beverages, Inc. – Revolving Grid Note (May 20th, 2015)

On the due date for each advance (as recorded on the grid attached hereto as Schedule A or on any additional pages thereof) or on demand, the undersigned ZRHO Beverages, Inc., (the "Maker"), promises to pay to the order of Thirty Five Holdings, LLC, a Nevada limited liability company (the "Holder"), the principal sum of up to Twenty-Five Thousand Dollars ($25,000), or the aggregate amount of all unpaid revolving credit loans ("Advances") made to the Maker by the Holder from time to time hereinafter, whichever is less, and to accrue interest (computed on the basis of a year of 360 days) from the date of this Note on the unpaid principal amount of this Note, in like money, at said address, at the interest rate set forth below, payable concurrent with the principal. All principal and accrued interest of this Note shall be due and payable on December 1, 2016 to the Holder.

Zrho Beverages, Inc. – Revolving Grid Note (May 7th, 2015)

On the due date for each advance (as recorded on the grid attached hereto as Schedule A or on any additional pages thereof) or on demand, the undersigned ZRHO Beverages, Inc., (the "Maker"), promises to pay to the order of Thirty Five Holdings, LLC, a Nevada limited liability company (the "Holder"), the principal sum of up to Twenty-Five Thousand Dollars ($25,000), or the aggregate amount of all unpaid revolving credit loans ("Advances") made to the Maker by the Holder from time to time hereinafter, whichever is less, and to accrue interest (computed on the basis of a year of 360 days) from the date of this Note on the unpaid principal amount of this Note, in like money, at said address, at the interest rate set forth below, payable concurrent with the principal. All principal and accrued interest of this Note shall be due and payable on December 1, 2016 to the Holder.

Zrho Beverages, Inc. – Revolving Grid Note (April 28th, 2015)

On the due date for each advance (as recorded on the grid attached hereto as Schedule A or on any additional pages thereof) or on demand, the undersigned ZRHO Beverages, Inc., (the "Maker"), promises to pay to the order of Thirty Five Holdings, LLC, a Nevada limited liability company (the "Holder"), the principal sum of up to Twenty-Five Thousand Dollars ($25,000), or the aggregate amount of all unpaid revolving credit loans ("Advances") made to the Maker by the Holder from time to time hereinafter, whichever is less, and to accrue interest (computed on the basis of a year of 360 days) from the date of this Note on the unpaid principal amount of this Note, in like money, at said address, at the interest rate set forth below, payable concurrent with the principal. All principal and accrued interest of this Note shall be due and payable on December 1, 2016 to the Holder.

Zrho Beverages, Inc. – Revolving Grid Note (March 18th, 2015)

On the due date for each advance (as recorded on the grid attached hereto as Schedule A or on any additional pages thereof) or on demand, the undersigned ZRHO Beverages, Inc., (the "Maker"), promises to pay to the order of Thirty Five Holdings, LLC, a Nevada limited liability company (the "Holder"), the principal sum of up to Twenty-Five Thousand Dollars ($25,000), or the aggregate amount of all unpaid revolving credit loans ("Advances") made to the Maker by the Holder from time to time hereinafter, whichever is less, and to accrue interest (computed on the basis of a year of 360 days) from the date of this Note on the unpaid principal amount of this Note, in like money, at said address, at the interest rate set forth below, payable concurrent with the principal. All principal and accrued interest of this Note shall be due and payable on December 1, 2016 to the Holder.

Zrho Beverages, Inc. – Revolving Grid Note (March 6th, 2015)

On the due date for each advance (as recorded on the grid attached hereto as Schedule A or on any additional pages thereof) or on demand, the undersigned ZRHO Beverages, Inc., (the "Maker"), promises to pay to the order of Thirty Five Holdings, LLC, a Nevada limited liability company (the "Holder"), the principal sum of up to Twenty-Five Thousand Dollars ($25,000), or the aggregate amount of all unpaid revolving credit loans ("Advances") made to the Maker by the Holder from time to time hereinafter, whichever is less, and to accrue interest (computed on the basis of a year of 360 days) from the date of this Note on the unpaid principal amount of this Note, in like money, at said address, at the interest rate set forth below, payable concurrent with the principal. All principal and accrued interest of this Note shall be due and payable on December 1, 2016 to the Holder.

Zrho Beverages, Inc. – Revolving Grid Note (February 9th, 2015)

On the due date for each advance (as recorded on the grid attached hereto as Schedule A or on any additional pages thereof) or on demand, the undersigned ZRHO Beverages, Inc., (the "Maker"), promises to pay to the order of Thirty Five Holdings, LLC, a Nevada limited liability company (the "Holder"), the principal sum of up to Twenty-Five Thousand Dollars ($25,000), or the aggregate amount of all unpaid revolving credit loans ("Advances") made to the Maker by the Holder from time to time hereinafter, whichever is less, and to accrue interest (computed on the basis of a year of 360 days) from the date of this Note on the unpaid principal amount of this Note, in like money, at said address, at the interest rate set forth below, payable concurrent with the principal. All principal and accrued interest of this Note shall be due and payable on December 1, 2016 to the Holder.

Access Pharmaceuticals Inc. – ACCESS PHARMACUETICALS, INC. Unsecured Grid Note (October 23rd, 2014)

FOR VALUE RECEIVED, Access Pharmaceuticals, Inc., a Delaware corporation (the "Company"), with its principal executive office at 4848 Lemmon Avenue, Suite 517, Dallas, Texas 75219, promises to pay to the order of SCO Capital Partners LLC, a Delaware limited liability company with offices at 1325 Avenue of the Americas, 27th Floor, New York, New York 10019 (together with any permitted registered assigns, the "Payee") the principal sum of Two Hundred Fifty Thousand Dollars ($250,000) or, if less, the aggregate unpaid principal amount of all Tranches made to the Company by Payee hereunder (the "Principal Amount"), plus interest as provided herein, on the Maturity Date.

Twinlab Consolidated Holdings, Inc. – Revolving Grid Note (March 21st, 2014)

On the due date for each advance (as recorded on the grid attached hereto as Schedule A or on any additional pages thereof) or on demand, the undersigned Mirror Me, Inc., (the "Maker"), having an address 1455 Kettner Blvd, #305, San Diego, CA 92101; promises to pay to the order of Luz Vazquez, an individual (the "Holder"), having an address at 1455 Kettner Blvd, #305, San Diego, CA 92101; or such other place as may be designated in writing by the Holder, the principal sum of up to Twenty Thousand Dollars ($20,000), or the aggregate amount of all unpaid revolving credit loans ("Advances") made to the Maker by the Holder from time to time hereinafter, whichever is less, and to accrue interest (computed on the basis of a year of 360 days) from the date of this Note on the unpaid principal amount of this Note, in like money, at said address, at the interest rate set forth below, payable concurrent with the principal. All principal and accrued interest of this Note shall be due and payable

Twinlab Consolidated Holdings, Inc. – Revolving Grid Note (February 20th, 2014)

On the due date for each advance (as recorded on the grid attached hereto as Schedule A or on any additional pages thereof) or on demand, the undersigned Mirror Me, Inc., (the "Maker"), having an address 1455 Kettner Blvd, #305, San Diego, CA 92101; promises to pay to the order of Luz Vazquez, an individual (the "Holder"), having an address at 1455 Kettner Blvd, #305, San Diego, CA 92101; or such other place as may be designated in writing by the Holder, the principal sum of up to Twenty Thousand Dollars ($20,000), or the aggregate amount of all unpaid revolving credit loans ("Advances") made to the Maker by the Holder from time to time hereinafter, whichever is less, and to accrue interest (computed on the basis of a year of 360 days) from the date of this Note on the unpaid principal amount of this Note, in like money, at said address, at the interest rate set forth below, payable concurrent with the principal. All principal and accrued interest of this Note shall be due and payable

Twinlab Consolidated Holdings, Inc. – Revolving Grid Note (February 3rd, 2014)

On the due date for each advance (as recorded on the grid attached hereto as Schedule A or on any additional pages thereof) or on demand, the undersigned Mirror Me, Inc., (the "Maker"), having an address 1455 Kettner Blvd, #305, San Diego, CA 92101; promises to pay to the order of Luz Vazquez, an individual (the "Holder"), having an address at 1455 Kettner Blvd, #305, San Diego, CA 92101; or such other place as may be designated in writing by the Holder, the principal sum of up to Twenty Thousand Dollars ($20,000), or the aggregate amount of all unpaid revolving credit loans ("Advances") made to the Maker by the Holder from time to time hereinafter, whichever is less, and to accrue interest (computed on the basis of a year of 360 days) from the date of this Note on the unpaid principal amount of this Note, in like money, at said address, at the interest rate set forth below, payable concurrent with the principal. All principal and accrued interest of this Note shall be due and payable

Hardinge, Inc. – REPLACEMENT STANDARD LIBOR GRID NOTE (LIBOR & PRIME) New York (August 8th, 2013)

Hardinge, Inc., a New York corporation having an address of One Hardinge Drive, Elmira, New York 14902; Cherry Acquisition Corporation, or its successors and/or assigns, a New York corporation having an address of 2155 Traversfield Drive, Traverse, MI 49686; and

GTJ REIT, Inc. – STANDARD LIBOR GRID NOTE (LIBOR ONLY) New York (February 19th, 2013)

GTJ REIT, INC. a corporation organizes under the law of the State of Maryland and FARM SPRINGS ROAD, LLC, a limited liability company organized under the laws of the State of Connecticut, jointly and severally, each with is chief executive office

BLUE DATA Corp – Fourth Amended and Restated Grid Note (November 9th, 2012)

FOR VALUE RECEIVED, the undersigned BLUEDATA CORPORATION, a Delaware corporation (the "Borrower"), HEREBY PROMISES TO PAY to the order of KENNETH BLOOM AND DEBORAH BLOOM (collectively, the "Lender"), on September 30, 2013 (the "Maturity Date"), the entire aggregate principal amount of all sums advanced by the Lender to the Borrower pursuant to this Fourth Amended and Restated Grid Note, and as more specifically set forth on Schedule A attached hereto (each an "Advance" outstanding), together with accrued interest thereon. This Fourth Amended and Restated Grid Note amends and restates that certain Demand Grid Promissory Note, dated as of January 11, 2011, made by the Borrower in favor of the Lender, as amended by that certain Amended and Restated Grid Note, dated as of April 6, 2011, made by the Borrower in favor of the Lender, as amended by that certain Second Amended and Restated Grid Note, dated as of April 27, 2011, made by the Borrower in favor of the Lender, and as amended by that

BLUE DATA Corp – Second Amended and Restated Grid Note (June 24th, 2011)

FOR VALUE RECEIVED, the undersigned BLUEDATA CORPORATION, a Delaware corporation (the "Borrower"), HEREBY PROMISES TO PAY to the order of KENNETH BLOOM AND DEBORAH BLOOM (collectively, the "Lender"), on June 30, 2012 (the "Maturity Date"), the entire aggregate principal amount of all sums advanced by the Lender to the Borrower pursuant to this Second Amended and Restated Grid Note, and as more specifically set forth on Schedule A attached hereto (each an "Advance" outstanding), together with accrued interest thereon. This Second Amended and Restated Grid Note amends and restates that certain Demand Grid Promissory Note, dated as of January 11, 2011, made by the Borrower in favor of the Lender, as amended by that certain Amended and Restated Grid Note, dated as of April 6, 2011, made by the Borrower in favor of the Lender (as amended and restated, the "Note").

BLUE DATA Corp – Second Amended and Restated Grid Note (May 3rd, 2011)

FOR VALUE RECEIVED, the undersigned BLUEDATA CORPORATION, a Delaware corporation (the "Borrower"), HEREBY PROMISES TO PAY to the order of KENNETH BLOOM AND DEBORAH BLOOM (collectively, the "Lender"), on June 30, 2012 (the "Maturity Date"), the entire aggregate principal amount of all sums advanced by the Lender to the Borrower pursuant to this Second Amended and Restated Grid Note, and as more specifically set forth on Schedule A attached hereto (each an "Advance" outstanding), together with accrued interest thereon. This Second Amended and Restated Grid Note amends and restates that certain Demand Grid Promissory Note, dated as of January 11, 2011, made by the Borrower in favor of the Lender, as amended by that certain Amended and Restated Grid Note, dated as of April 6, 2011, made by the Borrower in favor of the Lender (as amended and restated, the "Note").

Op Tech Environmental Services Inc – Demand Grid Note (April 27th, 2011)
BLUE DATA Corp – AMENDED AND RESTATED GRID NOTE Up to $250,000.00 Dated as Of: April 6, 2011 (April 8th, 2011)

FOR VALUE RECEIVED, the undersigned BLUEDATA CORPORATION, a Delaware corporation (the "Borrower"), HEREBY PROMISES TO PAY to the order of KENNETH BLOOM AND DEBORAH BLOOM (collectively, the "Lender"), on June 30, 2012 (the "Maturity Date"), the entire aggregate principal amount of all sums advanced by the Lender to the Borrower pursuant to this Amended and Restated Grid Note, and as more specifically set forth on Schedule A attached hereto (each an "Advance" outstanding), together with accrued interest thereon. This Amended and Restated Grid Note amends and restates that certain Demand Grid Promissory Note, dated as of January 11, 2011, made by the Borrower in favor of the Lender (as amended and restated, the "Note").

Ominto, Inc. – Promissory Grid Note (March 30th, 2011)

FOR VALUE RECEIVED, the undersigned, MediaNet Group Technologies, Inc., a Nevada corporation (the "Borrower"), hereby promises to pay to the order of Michael Hansen, an individual with an address of The Palm Jumeirah, P.O. Box 283612, Dubai, U.A.E. (the "Lender"), the principal sum of up to Five Million Dollars ($5,000,000.00), or such lesser amount as is loaned by the Lender under this Note at the request of the Borrower and is outstanding at the time when payment is due hereunder, together with simple interest accruing at the rate of six percent (6%) per annum, computed based on the actual number of days elapsed and a 365-day year. The entire unpaid principal amount and all accrued interest shall be fully due and payable on the first anniversary hereof, unless such date is extended by the Lender in his sole discretion. All references to "dollars" or "$" are to United States dollars.

Hardinge, Inc. – REPLACEMENT REVOLVING LIBOR GRID NOTE (LIBOR ONLY) New York (January 4th, 2011)

BANK: MANUFACTURERS AND TRADERS TRUST COMPANY, a New York banking corporation with its principal banking office at One M&T Plaza, Buffalo, NY 14203. Attention: Office of General Counsel

Hardinge, Inc. – REVOLVING LIBOR GRID NOTE (LIBOR ONLY) New York (December 15th, 2009)

BANK: MANUFACTURERS AND TRADERS TRUST COMPANY, a New York banking corporation with its principal banking office at One M&T Plaza, Buffalo, NY 14203. Attention: Office of General Counsel

BBV Vietnam S.E.A. Acquisition Corp. – Grid Note (June 30th, 2009)

FOR VALUE RECEIVED, on the date (the "Maturity Date") that is the earlier of (i) the consummation by the undersigned ("Maker") of an Initial Business Combination (as defined in Maker's Amended and Restated Articles of Incorporation dated as of February 8, 2008, as may be amended, restated or otherwise modified from time to time, the "Charter") or (ii) a liquidation pursuant to Article Four of the Charter (a "Winding Down"), Maker promises to pay to the order of BANTRY BAY VENTURES - ASIA, LLC ("Holder") at its office located at 40 Woodland Street, Hartford, Connecticut 06105, or at any other location as Holder may designate by written notice to Maker, the principal sum of ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000), or so much thereof as shall be advanced by Holder to Maker in Holder's sole discretion, and not repaid, together with interest on the unpaid principal amount hereof from time to time outstanding until the date on which this Grid Note (this "Note") is paid in full, at the

Fifth Amendment to Optional Advance Demand Grid Note (March 23rd, 2009)

This Fifth Amendment dated as of March 18, 2009 amends the Optional Advance Demand Grid Note, dated August 3, 2004, made by MKS Instruments, Inc. and MKS Japan, Inc. in favor of HSBC Bank USA, National Association (Bank), as amended by the First Amendment, dated July 29, 2005, the Second Amendment, dated July 31, 2006, the Third Amendment, dated as of July 31, 2007 and the Fourth Amendment, dated as of July 31, 2008 (the Note). Terms defined in the Note shall have the same meanings in this Amendment.

Master Grid Note (December 31st, 2008)

This note does not of itself constitute a commitment by Bank to make any advance or advances to Debtor; this note merely represents an arrangement whereby, for Debtors convenience, Debtor may obtain advances without giving Bank a separate note each time. Bank may endorse on the reverse side (or any allonge thereto or in Banks loan account records which may be evidenced by computer print-out) the date and amount of each advance. Debtor agrees that each such endorsement or notation shall be prima facie evidence that the advance indicated was made on the date indicated.

Master Grid Note (December 31st, 2008)

This note does not of itself constitute a commitment by Bank to make any advance or advances to Debtor; this note merely represents an arrangement whereby, for Debtors convenience, Debtor may obtain advances without giving Bank a separate note each time. Bank may endorse on the reverse side (or any allonge thereto or in Banks loan account records which may be evidenced by computer print-out) the date and amount of each advance. Debtor agrees that each such endorsement or notation shall be prima facie evidence that the advance indicated was made on the date indicated.

Grid Note (December 22nd, 2008)

On March 12, 2008 (the "Maturity Date"), the undersigned, BRIDGEPOINT EDUCATION, INC. ("Maker") promises to pay to the order of WARBURG PINCUS PRIVATE EQUITY VIII, L.P. or assigns ("Lender") at the office of Lender located at 466 Lexington Avenue, New York, New York 10017 or at any of its other offices as Lender may designate by written notice to Maker, the principal sum of THREE MILLION DOLLARS, or so much thereof as shall be advanced by Lender to Maker, in Lender's sole discretion, and not repaid, together with interest on the unpaid principal amount hereof from time to time outstanding from the date hereof until the date on which this Note is paid in full, at the rate set forth below.

Alternative Construction Technologies, Inc. – Senior Secured Grid Note Due May 1, 2010 (May 30th, 2008)

This Note evidences loans made by Holder to Borrower from time to time, subject to, and as provided in the Line of Credit Agreement. The unpaid principal balance of this Note at any time shall be the total amount advanced by Holder to Borrower, less the total amount of principal payments made hereon by Borrower. The date and amount of each Advance and each payment on account of principal thereof may be endorsed by Holder on the grid attached to and made a part of this Note, and when so endorsed shall represent evidence thereof binding upon Borrower in the absence of manifest error. Any failure by Holder to so endorse shall in no way mitigate or discharge the obligation of Borrower to repay any loans actually made. Borrower may prepay this Note in whole or in part at any time with all accrued interest to the date of prepayment.

Paneltech International Holdings, Inc. – Grid Note (April 3rd, 2008)

FOR VALUE RECEIVED, the undersigned, CHARLESTON BASICS, INC. (the "Borrower"), hereby acknowledges itself indebted to MICHAEL LIEBER (the "Lender") and promises to pay on or prior to December 31, 2009 to or to the order of the Lender at 1701 Avenue I, Brooklyn, NY 11230, or as otherwise directed in writing by the Lender, the principal amount advanced by or at the direction of the Lender to the Borrower from time to time and remaining outstanding hereunder as recorded by the Lender in the column headed "Unpaid Principal Balance" on the record (the "Grid") attached to and forming part of this Note.

Third Amendment Dated July 31, 2007 to Optional Advance Demand Grid Note (February 28th, 2008)

This Third Amendment dated as of July 31, 2007 amends the Optional Advance Demand Grid Note dated August 3, 2004, made by MKS Instruments, Inc. and MKS Japan, Inc. in favor of HSBC Bank USA, National Association, as amended by the First Amendment, dated July 29, 2005 and the Second Amendment, dated July 31, 2006 (the Note). Terms defined in the Note shall have the same meanings in this Amendment.

Master Grid Note (December 27th, 2007)

This note does not of itself constitute a commitment by Bank to make any advance or advances to Debtor; this note merely represents an arrangement whereby, for Debtors convenience, Debtor may obtain advances without giving Bank a separate note each time. Bank may endorse on the reverse side (or any allonge thereto or in Banks loan account records which may be evidenced by computer print-out) the date and amount of each advance. Debtor agrees that each such endorsement or notation shall be prima facie evidence that the advance indicated was made on the date indicated.

Master Grid Note (December 27th, 2007)

This note does not of itself constitute a commitment by Bank to make any advance or advances to Debtor; this note merely represents an arrangement whereby, for Debtors convenience, Debtor may obtain advances without giving Bank a separate note each time. Bank may endorse on the reverse side (or any allonge thereto or in Banks loan account records which may be evidenced by computer print-out) the date and amount of each advance. Debtor agrees that each such endorsement or notation shall be prima facie evidence that the advance indicated was made on the date indicated.

Master Grid Note (December 27th, 2007)

This note does not of itself constitute a commitment by Bank to make any advance or advances to Debtor; this note merely represents an arrangement whereby, for Debtors convenience, Debtor may obtain advances without giving Bank a separate note each time. Bank may endorse on the reverse side (or any allonge thereto or in Banks loan account records which may be evidenced by computer print-out) the date and amount of each advance. Debtor agrees that each such endorsement or notation shall be prima facie evidence that the advance indicated was made on the date indicated.

Master Grid Note (December 27th, 2007)

This note does not of itself constitute a commitment by Bank to make any advance or advances to Debtor; this note merely represents an arrangement whereby, for Debtors convenience, Debtor may obtain advances without giving Bank a separate note each time. Bank may endorse on the reverse side (or any allonge thereto or in Banks loan account records which may be evidenced by computer print-out) the date and amount of each advance. Debtor agrees that each such endorsement or notation shall be prima facie evidence that the advance indicated was made on the date indicated.

Third Amendment Dated July 31, 2007 to Optional Advance Demand Grid Note (November 8th, 2007)

This Third Amendment dated as of July 31, 2007 amends the Optional Advance Demand Grid Note dated August 3, 2004, made by MKS Instruments, Inc. and MKS Japan, Inc. in favor of HSBC Bank USA, National Association, as amended by the First Amendment, dated July 29, 2005 and the Second Amendment, dated July 31, 2006 (the Note). Terms defined in the Note shall have the same meanings in this Amendment.

Computer Task Group, Incorporated Demand Grid Note (March 7th, 2007)

This Note is issued by the Borrower to the Lender in connection with a line of credit made available by the Lender to the Borrower (the Credit). The Lender may make any loan pursuant to the Credit (individually a Loan and collectively Loans) in reliance upon any oral (including, but not limited to, telephonic), written (including, but not limited to, facsimile) or other request (a Request) therefor that the Lender in good faith believes to be valid and to have been made on behalf of the Borrower by its trustee. The Credit is available subject to the Lenders continuing review and right of modification, restriction, suspension or termination at any time for any reason. No modification, restriction, suspension or termination of the Credit shall affect the Borrowers obligation to repay the original principal amount of each Loan, the Borrowers obligation to pay interest on the outstanding principal amount of each Loan or any other obligation of the Borrower to the Holder pursuant to this No