Revolving Credit Promissory Note Sample Contracts

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South Dakota Soybean Processors Llc – Amended and Restated Monitored Revolving Credit Promissory Note (March 22nd, 2017)

THIS AMENDED AND RESTATED MONITORED REVOLVING CREDIT PROMISSORY NOTE (this "Promissory Note") to the Credit Agreement dated December 28, 2016 (the "Credit Agreement"), is entered into as of December 2 8, 2016 between COBANK, ACB, a federally chartered instrumentality of the United States ("Lender") and SOUTH DAKOTA SOYBEAN PROCESSORS, LLC, Volga, South Dakota, a limited liability company, (together with its permitted successors and assigns, the "Borrower"). Capitalized te1ms not otherwise defined in this Promissory Note will have the meanings set forth in the Credit Agreement.

Tor Minerals Intl Inc – Allonge and Amendment No. Four to Revolving Credit Promissory Note (June 23rd, 2016)

This is an amendment and allonge to the Promissory Note described above, as previously amended or modified by Allonge and Amended No. One dated May 15, 2013, Allonge and Amendment No. Two dated August 1, 2014, and Allonge and Amendment No. Three dated May 15, 2015. The said Promissory Note is hereby amended as follows:

Amended and Restated Revolving Credit Promissory Note (December 2nd, 2015)

FOR VALUE RECEIVED, WSI INDUSTRIES, INC., a Minnesota corporation, (the "Borrower") promises to pay to the order of BMO HARRIS BANK N.A., a national banking association, successor by merger to M&I Marshall & Ilsley Bank, or any future holder hereof ("Lender"), the principal sum of One Million and no/100 Dollars ($1,000,000.00), or so much thereof as may be advanced and be outstanding pursuant to and subject to the restrictions contained in the Loan Agreement (as defined below), together with interest accruing from and after the date hereof on the unpaid principal balance from time to time outstanding at a fluctuating annual interest rate equal to the LIBOR Rate, as hereinafter defined, plus Two Hundred (200) basis points per year (collectively the LIBOR Rate plus Two Hundred (200) basis points is the "Note Rate"). The Note Rate shall change concurrently with each change in the LIBOR Rate. The Note Rate is not necessarily the lowest rate charged by Lender on loans at any given time. NOT

Re: Amendment No. 5 to Revolving Credit Promissory Note (June 3rd, 2015)

Reference is made to the Revolving Credit Promissory Note (the "Revolver") dated April 23, 2012 in consideration of the mutual agreements and covenants contained and other good and valuable consideration, the parties hereto agree to increase the Commitment Amount, as defined in the Revolver, from $350,000 to $450,000 and extend the Maturirty Date of the Revolver to December 31, 2018 from December 31, 2017.

Multi Soft Inc – Multi Soft II, Inc. 4400 Biscayne Boulevard; 10th Floor Miami, FL 33137 Re: Amendment No. 5 to Revolving Credit Promissory Note (June 3rd, 2015)

Reference is made to the Revolving Credit Promissory Note (the "Revolver") dated April 23, 2012 in consideration of the mutual agreements and covenants contained and other good and valuable consideration, the parties hereto agree to increase the Commitment Amount, as defined in the Revolver, from $350,000 to $450,000 and extend the Maturity Date of the Revolver to December 31, 2018 from December 31, 2017.

Tor Minerals Intl Inc – Allonge and Amendment No. Three to Revolving Credit Promissory Note (May 26th, 2015)

This is an amendment and allonge to the Promissory Note described above, as previously amended or modified by Allonge and Amended No. One dated May 15, 2013 and Allonge and Amendment No. Two dated August 1, 2014. The said Promissory Note is hereby amended as follows:

Re: Amendment No. 4 to Revolving Credit Promissory Note (December 15th, 2014)

Reference is made to the Revolving Credit Promissory Note (the "Revolver") dated April 23, 2012 in consideration of the mutual agreements and covenants contained and other good and valuable consideration, the parties hereto agree to increase the Commitment Amount, as defined in the Revolver, from $300,000 to $350,000 and extend the Maturity Date of the Revolver to December 31, 2017 from December 31, 2015.

Multi Soft Inc – Multi Soft II, Inc. 4400 Biscayne Boulevard; 10th Floor Miami, FL 33137 Re: Amendment No. 4 to Revolving Credit Promissory Note (December 15th, 2014)

Reference is made to the Revolving Credit Promissory Note (the "Revolver") dated April 23, 2012 in consideration of the mutual agreements and covenants contained and other good and valuable consideration, the parties hereto agree to increase the Commitment Amount, as defined in the Revolver, from $300,000 to $350,000 and extend the Maturity Date of the Revolver to December 31, 2017 from December 31, 2015.

Tor Minerals Intl Inc – Allonge and Amendment No. Two to Revolving Credit Promissory Note (August 1st, 2014)

This is an amendment and allonge to the Promissory Note described above. The said Promissory Note is hereby amended as follows:

Third Amendment to Revolving Loan Agreement and First Amendment to Amended and Restated Revolving Credit Promissory Note (February 4th, 2014)

THIS THIRD AMENDMENT TO REVOLVING LOAN AGREEMENT AND FIRST AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT PROMISSORY NOTE (this "Amendment") is made and entered into as of January 31, 2014, by and between WSI INDUSTRIES, INC., a Minnesota corporation (the "Borrower") and BMO HARRIS BANK N.A., a national banking association, successor by merger to M&I Marshall & Ilsley Bank (the "Bank").

Multi Soft Inc – Multi Soft II, Inc. 4400 Biscayne Boulevard, 10th Floor Miami, FL 33137 Re: Amendment No. 3 to Revolving Credit Promissory Note (November 25th, 2013)

Reference is made to the Revolving Credit Promissory Note (the "Revolver") dated April 23, 2012 in consideration of the mutual agreements and covenants contained and other good and valuable consideration, the parties hereto agree to increase the Commitment Amount, as defined in the Revolver, from $250,000 to $300,000.

Tor Minerals Intl Inc – Allonge and Amendment No. One to Revolving Credit Promissory Note (August 6th, 2013)

This is an amendment and allonge to the Promissory Note described above. The said Promissory Note is hereby amended as follows:

A Fifth Third Bancorp Bank Seventh Amended and Restated Revolving Credit Promissory Note (March 27th, 2013)

This Note, and any request by Borrowers from time to time for an advance of a specified principal amount hereunder, shall be subject to the terms and conditions of the Credit Agreement. Capitalized terms used herein which are not otherwise defined in this Note shall have the meanings set forth in the Credit Agreement. This Note is entitled to the benefits and security of the Credit Agreement, including, without limitation, acceleration upon the terms provided therein, and of the other Loan Documents.

Amended and Restated Revolving Credit Promissory Note (November 17th, 2011)

FOR VALUE RECEIVED, WSI Industries, Inc., a Minnesota corporation, (the Borrower) promises to pay to the order of M&I Marshall & Ilsley Bank, a Wisconsin banking corporation, or any future holder hereof (Lender), the principal sum of One Million and no/100 Dollars ($1,000,000.00), or so much thereof as may be advanced and be outstanding pursuant to and subject to the restrictions contained in, that certain Amended and Restated Loan Agreement between Borrower and Lender of even date herewith (Loan Agreement), together with interest accruing from and after the date hereof on the unpaid principal balance from time to time outstanding at a fluctuating annual interest rate equal to the LIBOR Rate, as hereinafter defined, plus Three Hundred (300) basis points per year (collectively the LIBOR Rate plus Three Hundred (300) basis points is the Note Rate). The Note Rate shall change concurrently with each change in the LIBOR Rate. The Note Rate is not necessarily the lowest rate charged by Lende

Avistar – FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING CREDIT PROMISSORY NOTE (LIBOR/PRIME) (Avistar Communications Corporation) (May 12th, 2011)

Fourth Amendment dated as of March 29, 2011 (this "Amendment") to that certain Second Amended and Restated Revolving Credit Promissory Note dated as of December 22, 2009, as amended, by Avistar Communications Corporation, a Delaware corporation (the "Borrower"), to the order of JPMorgan Chase Bank, N.A. (the "Bank"), in the maximum principal amount of $8,000,000 (the "Promissory Note").

Avistar – THIRD AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING CREDIT PROMISSORY NOTE (LIBOR/PRIME) (Avistar Communications Corporation) (March 31st, 2011)

Third Amendment dated as of December 20, 2010 (this "Amendment") to that certain Second Amended and Restated Revolving Credit Promissory Note dated as of December 22, 2009, as amended, by Avistar Communications Corporation, a Delaware corporation (the "Borrower"), to the order of JPMorgan Chase Bank, N.A. (the "Bank"), in the maximum principal amount of $7,000,000 (the "Promissory Note").

Tor Minerals Intl Inc – Revolving Credit Promissory Note (January 6th, 2011)

For value received TOR Minerals International, Inc., a Delaware corporation (hereinafter called "Maker" whether one or more) promises to pay to the order of AMERICAN BANK, N.A., ("Payee") at its office in Corpus Christi, Nueces County, Texas, in lawful money of the United States the sum of ONE MILLION DOLLARS, or so much thereof as may be advanced and unpaid hereon from time to time, together with interest on the unpaid principal balance hereon outstanding from time to time prior to maturity (except during certain periods of default as set forth below) at a variable rate which is one percent (1%) per annum ABOVE THE REFERENCE RATE, with such variable rate to change and be adjusted to reflect any change in such Reference Rate at the time of any such change; provided, such variable rate shall never be less than 5.5% per annum nor ever exceed the lesser of: (i) the maximum legal rate which may be lawfully contracted for, charged or received hereon from time to time under applicable law; o

Avistar – SECOND AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING CREDIT PROMISSORY NOTE (LIBOR/PRIME) (Avistar Communications Corporation) (November 5th, 2010)

Second Amendment dated as of August 16, 2010 (this "Amendment") to that certain Second Amended and Restated Revolving Credit Promissory Note dated as of December 22, 2009, as amended, by Avistar Communications Corporation, a Delaware corporation (the "Borrower"), to the order of JPMorgan Chase Bank, N.A. (the "Bank"), in the maximum principal amount of $5,000,000 (the "Promissory Note").

A Fifth Third Bancorp Bank Sixth Amended and Restated Revolving Credit Promissory Note (August 19th, 2010)

This Note, and any request by Borrowers from time to time for an advance of a specified principal amount hereunder, shall be subject to the terms and conditions of the Credit Agreement. Capitalized terms used herein which are not otherwise defined in this Note shall have the meanings set forth in the Credit Agreement. This Note is entitled to the benefits and security of the Credit Agreement, including, without limitation, acceleration upon the terms provided therein, and of the other Loan Documents.

Avistar – Second Amended and Restated Revolving Credit Promissory Note (Libor/Prime) (March 30th, 2010)

The Amended and Restated Revolving Credit Promissory Note (Libor/Prime) dated as of December 22, 2008 by the Borrower to the order of the Bank in the maximum amount of $10,000,000 (as amended, the "Original Note") is amended and restated in its entirety by this Note.

Contract (February 19th, 2010)
Second Amended and Restated Revolving Credit Promissory Note in the Principal Amount of $5,300,000 to Wachovia Bank, N.A. Dated December 24, 2009 (December 29th, 2009)

This note replaces, but does not extinguish, the obligations under that certain $15,000,000 Amended and Restated Revolving Credit Promissory Note dated February 27, 2008 (the Existing Note) executed in connection with the Loan Agreement dated as of January 19, 2006, as amended by that certain Amended and Restated Loan Agreement dated February 27, 2008 and as may be further amended, restated, supplemented, or otherwise modified from time to time, by and among Borrower and Bank. This Note is not a novation.

Community Trust Bancorp, Inc. – A Fifth Third Bancorp Bank Third Amended and Restated Revolving Credit Promissory Note (October 29th, 2009)

Promise to Pay. On or before October 28, 2010 (the "Maturity Date"), the undersigned, COMMUNITY TRUST BANCORP, INC., a Kentucky corporation, whose address is 346 North Mayo Trail, P.O. Box 2947, Pikeville, Kentucky 41502 (hereinafter referred to as "Borrower") for value received, promises to pay to the order of FIFTH THIRD BANK, an Ohio banking corporation, whose address is 38 Fountain Square Plaza, Cincinnati, Ohio 45263 (hereinafter referred to as "Lender") the sum of TWELVE MILLION AND 00/100 DOLLARS ($12,000,000.00) (the "Revolving Credit Commitment") plus interest as provided herein, less such amounts as shall have been repaid in accordance with this Third Amended and Restated Revolving Credit Promissory Note (the "Note"). The outstanding balance of this Note (the "Aggregate Principal Balance") shall appear on a supplemental bank record and is not necessarily the face amount of this Note, which record shall evidence the balance due pursuant to this Note at any time. As used herein

MEDCAREERS GROUP, Inc. – Amended Revolving Credit Promissory Note (May 11th, 2009)

FOR VALUE RECEIVED, the undersigned, RX Scripted, Inc., a Nevada corporation, which has a business address of 201 Creekvista Drive, Holly Springs, North Carolina 27540 ("Maker"), hereby promises to pay to the order of Kevin McAdams, an individual, whose address is 201 Creekvista Drive, Holly Springs, North Carolina 27540 ("Payee"), the principal sum of Thirty-Seven Thousand Five Hundred Dollars ($37,500), or such lesser amount as shall be advanced by Payee from time to time, of which $30,700 has been loaned to date and $6,800 will be available under the terms of this revolving credit note. Maker shall pay Payee in lawful money in United States of America, which shall be legal tender, bearing interest at 4% per annum on the unpaid balance of such amount from the date of the initial revolving credit advance and payable as provided herein. This Amended Revolving Credit Promissory Note (the "Note") amends and replaces that certain Revolving Credit Promissory Note dated as of December 12,

A Fifth Third Bancorp Bank Fourth Amended and Restated Revolving Credit Promissory Note (May 7th, 2009)

Promise to Pay. On or before April 1, 2011 (the Maturity Date), the undersigned, CECO FILTERS, INC., a Delaware corporation, NEW BUSCH CO., INC., a Delaware corporation, THE KIRK & BLUM MANUFACTURING COMPANY, an Ohio corporation, KBD/TECHNIC, INC., an Indiana corporation, CECOAIRE, INC., a Delaware corporation, CECO ABATEMENT SYSTEMS, INC., a Delaware corporation, H.M. WHITE, INC., a Delaware corporation, EFFOX INC., formerly known as CECO Acquisition Corp., a Delaware corporation, GMD ENVIRONMENTAL TECHNOLOGIES, INC., formerly known as GMD Acquisition Corp., a Delaware corporation, and FISHER-KLOSTERMAN INC., formerly known as FKI Acquisition Corp., a Delaware corporation (each, a Borrower, and, collectively, the Borrowers), for value received, hereby jointly and severally promise to pay to the order of FIFTH THIRD BANK, an Ohio banking corporation (together with its successors and assigns, Lender), at 38 Fountain Square Plaza, MD #10AT63, Cincinnati, Ohio 45263, or such other address

Dpac Technologies – Revolving Credit Promissory Note (April 15th, 2009)

This Note is the Revolving Credit Promissory Note referred to in, and is entitled to the benefits of, Section 2.1 of the Credit Agreement by and between the Bank and the Borrowers dated January 30, 2008, as amended, as the same may be hereafter amended from time to time (the Loan Agreement). This Note may be declared forthwith due and payable in the manner and with the effect provided in the Loan Agreement, which contains provisions for acceleration of the maturity hereof upon the happening of any Event of Default and also for prepayment on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified.

Avistar – Amended and Restated Revolving Credit Promissory Note (Libor/Prime) (March 31st, 2009)

The Revolving Credit Promissory Note (Libor/Prime) dated as of December 23, 2006, as amended, by the Borrower to the order of the Bank (the "Original Note") is amended and restated in its entirety by this Note.

Sg Blocks, Inc. – Revolving Credit Promissory Note (March 27th, 2009)

FOR VALUE RECEIVED, CDSI Holdings Inc., a Delaware corporation (the Borrower) hereby unconditionally promises to pay to the order of Vector Group Ltd., having an office at 100 S.E. Second Street, 32nd Floor, Miami, Florida 33131 (the Lender), on December 31, 2012, or such later date as requested by Borrower and agreed to in writing by the Lender in its sole discretion (the Maturity Date), the principal sum of Fifty Thousand Dollars ($50,000.00) (the Commitment Amount) or such lesser amount as may be outstanding under this Revolving Credit Promissory Note (the Note), together with accrued unpaid interest as set forth herein.

MEDCAREERS GROUP, Inc. – Revolving Credit Promissory Note (July 22nd, 2008)

FOR VALUE RECEIVED, the undersigned, RX Scripted, Inc., a Nevada corporation, which has a business address of 201 Creekvista Drive, Holly Springs, North Carolina 27540 ("Maker"), hereby promises to pay to the order of Kevin McAdams, an individual, whose address is 201 Creekvista Drive, Holly Springs, North Carolina 27540 ("Payee"), the principal sum of Twenty Five Thousand Dollars ($25,000), or such lesser amount as shall be advanced by Payee from time to time, of which $10,000 has been loaned to date and $15,000 will be available under the terms of this revolving credit note. Maker shall pay Payee in lawful money in United States of America, which shall be legal tender, bearing interest at 4% per annum on the unpaid balance of such amount from the date of the initial revolving credit advance and payable as provided herein. This Revolving Credit Promissory Note (the "Note") has an effective date of December 12, 2007.

Master Consent to Loan Documents and First Amendment to Loan Agreement and Amended and Restated Revolving Credit Promissory Note (June 30th, 2008)

MASTER CONSENT TO LOAN DOCUMENTS AND FIRST AMENDMENT TO LOAN AGREEMENT AND AMENDED AND RESTATED REVOLVING CREDIT PROMISSORY NOTE AND CONSENT (the Consent and Amendment), dated as of ___________, 2008, among Think Partnership Inc., a Nevada corporation (Borrower), each of Guarantors signators hereto (Guarantors) and Wachovia Bank, National Association (Bank).

Addendum No. 20 to Revolving Loan and Security Agreement Convertible Revolving Credit Promissory Note Dated October 26, 1987 (May 8th, 2008)

For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Robert Howard and iCAD, Inc. (the "Company") hereby agree to extend the repayment date set forth in Paragraph D of the above referenced Convertible Revolving Credit Promissory Note, as amended (the "Note") previously issued by the Company to Robert Howard under the Revolving Loan and Security Agreement referred to above (the "Loan Agreement"), from March 31, 2008 to March 31, 2009.

Avistar – SECOND AMENDMENT TO REVOLVING CREDIT PROMISSORY NOTE (LIBOR/PRIME) (Avistar Communications Corporation) (March 31st, 2008)

Second Amendment dated as of December 17, 2007 (this "Amendment") to that certain Revolving Credit Promissory Note dated as of December 23, 2006, as amended, by Avistar Communications Corporation, a Delaware corporation (the "Borrower"), to the order of JPMorgan Chase Bank, N.A. (the "Bank"), in the maximum principal amount of $10,000,000 (the "Note").

Avistar – AMENDMENT TO REVOLVING CREDIT PROMISSORY NOTE (LIBOR/PRIME) (Avistar Communications Corporation) (March 31st, 2008)
A Fifth Third Bancorp Bank Third Amended and Restated Revolving Credit Promissory Note (March 3rd, 2008)

This Note, and any request by Borrowers from time to time for an advance of a specified principal amount hereunder, shall be subject to the terms and conditions of the Credit Agreement. Capitalized terms used herein which are not otherwise defined in this Note shall have the meanings set forth in the Credit Agreement. This Note is entitled to the benefits and security of the Credit Agreement, including, without limitation, acceleration upon the terms provided therein, and of the other Loan Documents.

Dpac Technologies – Revolving Credit Promissory Note (February 5th, 2008)

This Note is the Revolving Credit Promissory Note referred to in, and is entitled to the benefits of, Section 2.1. of the Credit Agreement by and between the Bank and the Borrowers dated January 30, 2008, as the same may be hereafter amended from time to time (the Loan Agreement). This Note may be declared forthwith due and payable in the manner and with the effect provided in the Loan Agreement, which contains provisions for acceleration of the maturity hereof upon the happening of any Event of Default and also for prepayment on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified.