Line Of Credit Note Sample Contracts

Mikros Sys Corp – Committed Line of Credit Note (May 15th, 2018)

FOR VALUE RECEIVED, MIKROS SYSTEMS CORPORATION (the "Borrower"), with an address at 200 Commerce Drive, Suite 300, Fort Washington, Pennsylvania 19034, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the "Bank"), in lawful money of the United States of America in immediately available funds at its offices located at 1950 Marlton Pike East, Cherry Hill, New Jersey 08003, or at such other location as the Bank may designate from time to time, the principal sum of FIVE HUNDRED FIFTY THOUSAND AND 00/100 DOLLARS ($550,000.00) (the "Facility") or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.

Seventh Amended and Restated Line of Credit Note (May 4th, 2018)

This Seventh Amended and Restated Line of Credit Note evidences, but does not extinguish or satisfy, and is not a novation of, the pre-existing indebtedness of the Borrowers to the Bank under, and amends and restates that certain Sixth Amended and Restated Line of Credit Note, dated as of August 22, 2016, in the original principal amount of $65,000,000, made by the PLP and PLP Australia in favor of the Bank, amending and restating that certain Fifth Amended and Restated Line of Credit Note, dated as of September 24, 2015, in the original principal amount of $50,000,000, made by the PLP and PLP Australia in favor of the Bank, amending and restating that certain Fourth Amended and Restated Line of Credit Note, dated as of January 23, 2014, in the original principal amount of $50,000,000, made by PLP in favor of the Bank, amending and restating that certain Third Amended and Restated Line of Credit Note, dated as of May 24, 2012, in the original principal amount of $90,000,000, made by PL

Escondido Innovations, Inc. – Line of Credit Note (April 13th, 2018)

FOR VALUE RECEIVED, the undersigned, MANUSCRIPT PRODUCTIONS, LLC, a limited liability company ("Manuscript") and MJW MEDIA, INC, a Delaware corporation ("MJW Media"), having an office at 1166 E. Warner Road, #101-B, Gilbert, Arizona 85296 (jointly and severally "Borrower"), hereby unconditionally promise to pay to the order of STADSC, LLC, a limited liability company ("Lender"), the principal sum of up to Two Million Seven Hundred Forty-Five Thousand Seven Hundred Ninety-Seven and 00/100 Dollars ($2,745,797.00), in lawful money of the United States of America with interest thereon to be computed as provided below and with principal paid as provided herein. Any initially capitalized terms which are not specifically defined in this Note shall have the same meanings given to them in the Loan Agreement of even date. Borrower acknowledges the loan and this Note are fully advanced as reflected on Exhibit A hereto.

SPAR Group, Inc. – Committed Line of Credit Note (January 26th, 2018)

FOR VALUE RECEIVED, SPAR MARKETING FORCE, INC., a Nevada corporation, SPAR ASSEMBLY & INSTALLATION, INC. (F/K/A NATIONAL ASSEMBLY SERVICES, INC.), a Nevada corporation, SPAR CANADA COMPANY, an unlimited company organized under the laws of Nova Scotia (collectively, the "Borrower"), jointly and severally, promise to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the "Bank"), in lawful money of the United States of America in immediately available funds at its offices located at 755 West Big Beaver Road, Suite 2500, Troy, Michigan 48084, or at such other location as the Bank may designate from time to time, the principal sum of Nine Million and 00/100 DOLLARS ($9,000,000.00) (the "Facility") or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder and then outstanding, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.

Committed Line of Credit Note (January 22nd, 2018)

FOR VALUE RECEIVED, NEW JERSEY RESOURCES CORPORATION (the "Borrower"), with an address at 1415 Wyckoff Rd, Wall Township, NJ 07719, Attention: James Kent, Treasurer, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the "Bank"), in lawful money of the United States of America in immediately available funds at its offices located at 500 First Avenue, Pittsburgh, PA 15219 Attn: Christine Kemerer, or at such other location as the Bank may designate from time to time, the principal sum of ONE HUNDRED MILLION AND 00/100 DOLLARS ($100,000,000.00) (the "Facility") or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.

Committed Line of Credit Note (December 19th, 2017)

FOR VALUE RECEIVED, NEW JERSEY RESOURCES CORPORATION (the "Borrower"), with an address at 1415 Wyckoff Rd, Wall Township, NJ 07719, Attention: James Kent, Treasurer, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the "Bank"), in lawful money of the United States of America in immediately available funds at its offices located at 500 First Avenue, Pittsburgh, PA 15219 Attn: Christine Kemerer, or at such other location as the Bank may designate from time to time, the principal sum of SEVENTY-FIVE MILLION AND 00/100 DOLLARS ($75,000,000.00) (the "Facility") or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.

Cardica, Inc. – Line of Credit Note (December 15th, 2017)

FOR VALUE RECEIVED, DEXTERA SURGICAL, INC., a Delaware corporation formerly known as "Cardica, Inc." (the "Maker"), promises to pay to the order of AESCULAP, INC., a California corporation, or its designee (the "Payee"), at its address at 3773 Corporate Parkway, Center Valley, PA 18034 or at such other place as Payee may from time to time designate in writing, the principal sum of One Million Five Hundred Thousand Dollars ($1,500,000.00) or so much thereof as may be advanced by Payee pursuant to the Loan Agreement, together with interest on the unpaid principal balance of this Note, on the terms and conditions described below.

LINE OF CREDIT NOTE AND AGREEMENT Between Infinite Group, Inc. And Harry A. Hoyen Dated September 21, 2017 (November 14th, 2017)

Whereas: Infinite Group, Inc., ("Company") a Delaware corporation whose address is 175 Sully's Trail, Suite 202, Pittsford, NY 14534, ("Borrower") desires to borrow Seventy-Five Thousand dollars ($75,000)

Healthcare Services Group, Inc. – Form 8B - DE/PA/MD (COJ) Rev. 10/16 Amended and Restated Committed Line of Credit Note (LIBOR) $300,000,000.00 July 11, 2017 FOR VALUE RECEIVED, HEALTHCARE SERVICES GROUP, INC., HCSG STAFF LEASING SOLUTIONS, LLC, HCSG LABOR SUPPLY, LLC, HCSG EAST, LLC, HCSG CENTRAL, LLC, HCSG WEST, LLC and HCSG EAST LABOR SUPPLY, LLC (Individually and Collectively, the "Borrower"), With an Address at 3220 Tillman Drive, Glenview Corporate Center, Suite 300, Bensalem, PA 19020, Jointly and Severally Promise to Pay to the Order of PNC BANK, NATIONAL ASSOCIATION (The "Bank"), in Lawful Money of the United States (July 28th, 2017)
LINE OF CREDIT NOTE AND AGREEMENT Between Infinite Group, Inc. And Andrew Hoyen. Dated July 18, 2017 (July 21st, 2017)

Whereas: Infinite Group, Inc., ("Company") a Delaware corporation whose address is 175 Sully's Trail, Suite 202, Pittsford, NY 14534, ("Borrower") desires to borrow One Hundred Thousand dollars ($100,000.00).

Line of Credit Note (November 4th, 2016)

This MODIFICATION AGREEMENT is made as of September 30, 2016 between Infinite Group, Inc., a Delaware corporation with offices at 175 Sully's Trail, Suite 202, Pittsford, NY 14534 ("Borrower") and Donald W. Reeve, with an address at 7 Cross Meadow Lane, Pittsford, NY 14534 ("Lender").

Sixth Amended and Restated Line of Credit Note (November 4th, 2016)

This Sixth Amended and Restated Line of Credit Note evidences, but does not extinguish or satisfy, and is not a novation of, the pre-existing indebtedness of the Borrowers to the Bank under, and amends and restates that certain Fifth Amended and Restated Line of Credit Note, dated as of September 24, 2015, in the original principal amount of $50,000,000, made by the Borrowers in favor of the Bank, amending and restating that certain Fourth Amended and Restated Line of Credit Note, dated as of January 23, 2014, in the original principal amount of $50,000,000, made by PLP in favor of the Bank, amending and restating that certain Third Amended and Restated Line of Credit Note, dated as of May 24, 2012, in the original principal amount of $90,000,000, made by PLP in favor of the Bank, amending and restating that certain Second Amended and Restated Line of Credit Note, dated as of November 7, 2011, in the original principal amount of $70,000,000, made by PLP in favor of the Bank, amending a

Committed Line of Credit Note $30,000,000 June 24, 2016 (June 29th, 2016)

FOR VALUE RECEIVED, EVERCORE PARTNERS SERVICES EAST L.L.C. (the Borrower), with an address at 55 East 52nd Street, New York, NY 10055, promises to pay to PNC BANK, NATIONAL ASSOCIATION (the Bank) or its permitted assigns, in lawful money of the United States of America in immediately available funds at its offices located at One PNC Plaza, 249 Fifth Avenue, Pittsburgh, PA 15222, or at such other location as the Bank may designate from time to time in writing, the principal sum of THIRTY MILLION DOLLARS ($30,000,000) (the Facility) or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.

Cherokee Inc. – Third Amendment to Line of Credit Note (June 9th, 2016)

THIS THIRD AMENDMENT TO LINE OF CREDIT NOTE (this "Amendment") dated as of May 27, 2016, is by and between Cherokee Inc., a Delaware corporation (the "Borrower"), and JPMorgan Chase Bank, N.A. (the "Bank").

Xg Sciences Inc – XG SCIENCES, INC. Line of Credit Note (January 27th, 2016)
Cherokee Inc. – Second Amendment to Line of Credit Note (December 10th, 2015)

THIS SECOND AMENDMENT TO LINE OF CREDIT NOTE (this "Amendment") dated as of September 4, 2015, is by and between Cherokee Inc., a Delaware corporation (the "Borrower"), and JPMorgan Chase Bank, N.A. (the "Bank").

Medical Transcription Billing, Corp – Line of Credit Note (September 3rd, 2015)

Promise to Pay. On or before September 1, 2018 (the "Maturity Date"), for value received Medical Transcription Billing, Corp., a Delaware corporation (the "Borrower") promises to pay to Opus Bank, a California commercial bank, and its successors and assigns, whose address is 19900 MacArthur Boulevard, Irvine, California 92612 (the "Bank") or order, in lawful money of the United States of America, the lesser of (i) the outstanding principal amount of the Line of Credit, plus all accrued and unpaid interest thereon or (ii) Two Million and 00/100 Dollars ($2,000,000.00) plus all accrued and unpaid interest at the Note Rate (as defined below), and at the rate of 5.00% per annum above the Note Rate, at the Bank's option, upon the occurrence and during the continuance of any Event of Default, whether or not the Bank elects to accelerate the maturity of this Line of Credit Note, from the date such increased rate is imposed by the Bank.

Cornerstone Bancshares – Line of Credit Note (September 2nd, 2015)

FOR VALUE RECEIVED, the undersigned, CORNERSTONE BANCSHARES, INC, a Tennessee corporation (to be re-named SMARTFINANCIAL, INC., along with its successors and assigns, the "Borrower"), hereby promises to pay to CAPSTAR BANK (the "Lender") or its registered assigns at its principal office, or any other office that the Lender designates, on the Maturity Date (as defined in the Loan Agreement dated as of the date hereof (as the same may be amended, restated, supplemented or otherwise modified from time to time, the "Loan Agreement")), among the Borrower and Lender, the lesser of the principal sum of EIGHT MILLION AND 00/100 DOLLARS ($8,000,000.00) and the aggregate unpaid principal amount of the Line of Credit Facility made by the Lender to the Borrower pursuant to the Loan Agreement, in lawful money of the United States of America in immediately available funds, and to pay interest from the date hereof on the principal amount thereof from time to time outstanding, in like funds, at said o

Truett-Hurst Inc. – ACCOUNTS RECEIVABLE Line of Credit NOTE (July 17th, 2015)

This Note is entered into in connection with one or more certain Loan and Security Agreements or Loan Agreements, dated of even date herewith (each a "Loan Agreement" and collectively, the "Loan Agreements") between the Borrower and the Lender, and any capitalized terms not defined herein shall have the meanings given to them in the Loan Agreements.

Healthcare Services Group, Inc. – Amended and Restated Committed Line of Credit Note (July 14th, 2015)

FOR VALUE RECEIVED, HEALTHCARE SERVICES GROUP, INC., HUNTINGDON HOLDINGS, INC., HCSG STAFF LEASING SOLUTIONS, LLC, HCSG LABOR SUPPLY, LLC, HCSG EAST, LLC, HCSG CENTRAL, LLC and HCSG WEST, LLC (individually and collectively, the "Borrower"), with an address at 3220 Tillman Drive, Glenview Corporate Center, Suite 300, Bensalem, PA 19020, jointly and severally promise to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the "Bank"), in lawful money of the United States of America in immediately available funds at its offices located at 1600 Market Street, Philadelphia, PA 19103, or at such other location as the Bank may designate from time to time, the principal sum of TWO HUNDRED MILLION AND 00/100 DOLLARS ($200,000,000.00) (the "Facility") or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.

Friedman Industries Inc. – Line of Credit Note (June 11th, 2015)

Promise to Pay. On or before April 30, 2016, for value received, Friedman Industries, Incorporated (the Borrower) promises to pay to JPMorgan Chase Bank, N.A., whose address is 712 Main Street, Houston, TX 77002-3201 (the Bank) or order, in lawful money of the United States of America, the sum of Five Million and 00/100 Dollars ($5,000,000.00) or so much thereof as may be advanced and outstanding, plus interest on the unpaid principal balance as provided below.

Discretionary Line of Credit Note (May 11th, 2015)

FOR VALUE RECEIVED, THE PROGRESSIVE CORPORATION (the "Borrower"), with an address at 6300 Wilson Mills Rd., Mayfield Village, OH 44143, United States of America, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the "Bank"), in lawful money of the United States of America in immediately available funds at its offices located at 1900 East Ninth Street, Cleveland, Ohio 44114, or at such other location as the Bank may designate from time to time, the principal sum of ONE HUNDRED MILLION AND 00/100 DOLLARS ($100,000,000.00) (the "Facility") or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, as provided below.

Line of Credit Note (December 8th, 2014)

Promise to Pay. On or before December 5, 2017, for value received, Nautilus, Inc. (the Borrower) promises to pay to JPMorgan Chase Bank, N.A., whose address is 888 SW 5th Ave., Portland, OR 97204 (the Bank) or order, in lawful money of the United States of America, the sum of Twenty Million and 00/100 Dollars ($20,000,000.00) or so much thereof as may be advanced and outstanding, plus interest on the unpaid principal balance as provided below.

Line of Credit Note Agreement Between the Company and Donald W. Reeve Dated December 1, 2014 LINE OF CREDIT NOTE AGREEMENT Dated December 1, 2014 (December 5th, 2014)

FOR VALUE RECEIVED, Infinite Group, Inc., a Delaware corporation whose address is 80 Office Park Way, Pittsford, NY 14534, ("Borrower") promises to pay to the order of Donald W. Reeve, an individual whose address is 7 Cross Meadow Lane, Pittsford, NY 14534 ("Lender"), the principal sum of up to Four Hundred Thousand Dollars ($400,000.00), or so much thereof as may be disbursed to, or for the benefit of the Borrower by Lender ("the "Note"). The Borrower and Lender hereunder create a line of credit agreement between Borrower and Lender whereby Borrower may borrow up to $400,000.00 from Lender; provided, however, that Lender must approve the use of proceeds at the time of each borrowing.

ACCOUNTS RECEIVABLE Line of Credit NOTE (September 8th, 2014)

This Note is entered into in connection with one or more certain Loan and Security Agreements or Loan Agreements, dated August 13, 2012 (each a "Loan Agreement" and collectively, the "Loan Agreements") between the Borrower and the Lender, and any capitalized terms not defined herein shall have the meanings given to them in the Loan Agreements.

Corning Natural Gas Holding Corp – Line of Credit Note (September 4th, 2014)

FOR VALUE RECEIVED, the undersigned, LEATHERSTOCKING GAS COMPANY, LLC, an entity organized and existing under the laws of the State of New York with an office at 330 West William Street, Coming, New York 14830 (hereinafter called "Borrower"), promises to pay pursuant to the repayment terms set forth below, to the order of FIVE STAR BANK, a New York State bank (hereinafter called "Bank") with its principal office at 55 North Main Street, Warsaw, New York 14569, or at such other place as may be designated in writing by the holder of this Note the sum of Four Million and 00/100 Dollars ($4,000,000.00) in lawful money of the United States, or so much as may be advanced, referred to as "principal sum", with interest hereon to be computed from the date hereof as follows:

Line of Credit Note (August 12th, 2014)

FOR VALUE RECEIVED, the undersigned CREE, INC. ("Borrower") promises to pay to the order of WELLS FARGO BANK, NATIONAL ASSOCIATION ("Bank") at its office at 150 Fayetteville Street, Suite 600, Raleigh, North Carolina, or at such other place as the holder hereof may designate, in lawful money of the United States of America and in immediately available funds, the principal sum of One Hundred Fifty Million and 00/100 Dollars ($150,000,000.00), or so much thereof as may be advanced and be outstanding, with interest thereon, to be computed on each advance from the date of its disbursement as set forth herein.

First Amendment to Line of Credit Note (August 7th, 2014)

THIS FIRST AMENDMENT (the First Amendment), dated this 4th day of April, 2014 (Amendment Effective Date), is made to the Line of Credit and all amendments and addenda thereto by and between Citizens Bank of Pennsylvania (Citizens Bank) and AmerisourceBergen Corporation, a Delaware corporation (the Borrower), dated as of March 7, 2013 (the Line of Credit).

Revolving Line of Credit Note (Variable Maximum) (April 2nd, 2014)

FOR VALUE RECEIVED, the undersigned Roanoke Gas Company ("Borrower") promises to pay to the order of WELLS FARGO BANK, NATIONAL ASSOCIATION ("Bank") at its office at 201 South Jefferson Street, 2nd Floor, Roanoke, Virginia, or at such other place as the holder hereof may designate, in lawful money of the United States of America and in immediately available funds, the principal sum of Nineteen Million Dollars ($19,000,000.00), or so much thereof as may be advanced and be outstanding, with interest thereon, to be computed on each advance from the date of its disbursement as set forth herein.

Discretionary Line of Credit Note (March 25th, 2014)

FOR VALUE RECEIVED, THE PROGRESSIVE CORPORATION (the "Borrower"), with an address at 6300 Wilson Mills Rd., Mayfield Village, OH 44143, United States of America, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the "Bank"), in lawful money of the United States of America in immediately available funds at its offices located at 1900 East Ninth Street, Cleveland, Ohio 44114, or at such other location as the Bank may designate from time to time, the principal sum of ONE HUNDRED MILLION AND 00/100 DOLLARS ($100,000,000.00) (the "Facility") or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, as provided below.

Innodata Inc – Advised Line of Credit Note (February 12th, 2014)

Promise to Pay. On or before June 25, 2013, for value received, Innodata Inc. (the "Borrower") promises to pay to JPMorgan Chase Bank, N.A., whose address is 395 North Service Rd., 3rd Floor, Melville, NY 11747 (the "Bank") or order, in lawful money of the United States of America, the sum of Fifteen Million and 00/100 Dollars ($15,000,000.00) or so much thereof as may be advanced and outstanding, plus interest on the unpaid principal balance as provided below.

Cherokee Inc. – First Amendment to Line of Credit Note (January 16th, 2014)

THIS FIRST AMENDMENT TO LINE OF CREDIT NOTE (this Amendment) dated as of January 10, 2014, is by and between Cherokee Inc., a Delaware corporation (the Borrower), and JPMorgan Chase Bank, N.A. (the Lender).

Healthcare Services Group, Inc. – Amended and Restated Committed Line of Credit Note (December 19th, 2013)

FOR VALUE RECEIVED, HEALTHCARE SERVICES GROUP, INC., HUNTINGDON HOLDINGS, INC. and HCSG STAFF LEASING SOLUTIONS, LLC (individually and collectively, the "Borrower"), with an address at 3220 Tillman Drive, Glenview Corporate Center, Suite 300, Bensalem, PA 19020, jointly and severally promise to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the "Bank"), in lawful money of the United States of America in immediately available funds at its offices located at 1600 Market Street, Philadelphia, PA 19103, or at such other location as the Bank may designate from time to time, the principal sum of ONE HUNDRED TWENTY FIVE MILLION AND 00/100 DOLLARS ($125,000,000.00) (the "Facility") or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.

Line of Credit Note $10,000,000.00 Date: August 8, 2013 (November 7th, 2013)

Promise to Pay. On or before August 31, 2015, for value received, Cascade Microtech, Inc. (the Borrower) promises to pay to JPMorgan Chase Bank, N.A., whose address is 888 SW 5th Ave., Portland, OR 97204 (the Bank) or order, in lawful money of the United States of America, the sum of Ten Million and 00/100 Dollars ($10,000,000.00) or so much thereof as may be advanced and outstanding, plus interest on the unpaid principal balance as provided below.

Weyco Group, Inc. – Committed Line of Credit Note (November 7th, 2013)

FOR VALUE RECEIVED, WEYCO GROUP, INC., a Wisconsin corporation (the "Borrower"), with an address at 333 West Estabrook Boulevard, Glendale, Wisconsin 53212, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the "Bank"), in lawful money of the United States of America in immediately available funds at its offices located at 411 East Wisconsin Avenue, Suite 1400, Milwaukee, Wisconsin 53202, or at such other location as the Bank may designate from time to time, the principal sum of SIXTY MILLION AND 00/100 DOLLARS ($60,000,000.00) (the "Facility") or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.