Revolving Promissory Note Sample Contracts

Vista Proppants & Logistics Inc. – PlainsCapital Bank AMENDED AND RESTATED REVOLVING PROMISSORY NOTE (August 13th, 2018)
Stratus Properties, Inc. – Revolving Promissory Note (July 5th, 2018)

This Note is a note under which Advances, repayments and re-Advances may be made from time to time, subject to the terms and conditions of this Note and the Loan Agreement (as hereinafter defined); provided, however, in no event shall Bank be obligated to make any Advances hereunder (notwithstanding anything expressed or implied herein or elsewhere to the contrary) in the event that any Event of Default (as defined in the Loan Agreement) then exists, or if Bank has sent written notice to the undersigned in accordance with the Loan Documents of any condition or event which, with the passage of time, would constitute an Event of Default, and which has not been cured.

Vista Proppants & Logistics Inc. – Third Amended and Restated Revolving Promissory Note (June 20th, 2018)

Promise to Pay. For value received, LONESTAR PROSPECTS, LTD. (Borrower), a Texas limited partnership, promises to pay to the order of PLAINSCAPITAL BANK (Lender), at its offices in Tarrant County, Texas, at 801 Houston Street, Fort Worth, Texas 76102, the sum of Sixty Million Dollars ($60,000,000.00) (Total Principal Amount), or such amount less than the Total Principal Amount which is outstanding from time to time, in legal and lawful money of the United States of America, together with interest thereon from this date until maturity at a fluctuating rate per annum equal to the lesser of (a) the sum of the Prime Rate in effect from day to day, plus one-half percent (0.5%)(the Contract Rate); provided, however, that the Contract Rate shall never fall below a floor rate of five and one-quarter percent (5.25%) per annum; or (b) the Maximum Rate. Prime Rate shall mean at any time the rate of interest per annum then most recently established by The Wall Street Journal as the prime rate on c

Vista Proppants & Logistics Inc. – Amendment to Revolving Promissory Note (June 20th, 2018)

This Amendment to Revolving Promissory Note is executed effective June 15, 2018, by MAALT, L.P. (Borrower), a Texas limited partnership, and PLAINSCAPITAL BANK (Lender).

Amended and Restated Revolving Promissory Note (June 4th, 2018)

THIS AMENDED AND RESTATED REVOLVING PROMISSORY NOTE (this "Note") is effective as of June 1, 2018 (the "Effective Date") in the principal amount of One Million and No/100 Dollars ($1,000,000.00).

Ameris Bancorp – Fourth Amended and Restated Revolving Promissory Note (April 25th, 2018)

This Fourth Amended and Restated Revolving Promissory Note (this "Note") is issued by Maker pursuant to that certain Loan Agreement, dated as of August 28, 2013 (as heretofore amended, as amended by that certain Fourth Amendment, dated as of the date hereof, and as may be further amended restated or modified, the "Loan Agreement") entered into between Payee and Maker. This Note evidences the Loan (as defined in the Loan Agreement). Payment of this Note is governed by the Loan Agreement, the terms of which are incorporated herein by express reference as if fully set forth herein. Capitalized terms used and not otherwise defined herein shall have the meanings given to them in the Loan Agreement.

Ridgefield Acquisition – Ridgefield Acquisition Corp. Revolving Promissory Note (March 30th, 2018)

For value received, pursuant to this Revolving Promissory Note (the "Note"). the undersigned Ridgefield Acquisition Corp. ("Borrower") promises to pay to Steven N. Bronson ("Holder"), or to his order, the aggregate unpaid Principal Amount of all outstanding advances hereunder, including those made prior to the date of this Note, plus accrued and unpaid interest thereon; provided, that the aggregate unpaid Principal Amount of all outstanding advances shall not exceed $250,000 at any one time outstanding (the "Maximum Credit Amount"). The Principal Amount, along with any accrued but unpaid interest shall be due and payable on demand, within ten (10) business days following Borrower's receipt of a written demand for payment from Holder or immediately upon the occurrence of an Event of Default, as defined herein (the "Maturity Date").

Vista Proppants & Logistics Inc. – Second Amended and Restated Revolving Promissory Note (March 23rd, 2018)

Promise to Pay. For value received, LONESTAR PROSPECTS, LTD. (Borrower), a Texas limited partnership, promises to pay to the order of PLAINSCAPITAL BANK (Lender), at its offices in Tarrant County, Texas, at 801 Houston Street, Fort Worth, Texas 76102, the sum of Forty Million Dollars ($40,000,000.00) (Total Principal Amount), or such amount less than the Total Principal Amount which is outstanding from time to time, in legal and lawful money of the United States of America, together with interest thereon from this date until maturity at a fluctuating rate per annum equal to the lesser of (a) the sum of the Prime Rate in effect from day to day, plus one-half percent (0.5%)(the Contract Rate); provided, however, that the Contract Rate shall never fall below a floor rate of five percent (5.0%) per annum; or (b) the Maximum Rate. Prime Rate shall mean at any time the rate of interest per annum then most recently established by The Wall Street Journal as the prime rate on corporate loans fo

Vista Proppants & Logistics Inc. – Amended and Restated Revolving Promissory Note (January 12th, 2018)

Promise to Pay. For value received, LONESTAR PROSPECTS, LTD. (Borrower), a Texas limited partnership, promises to pay to the order of PLAINSCAPITAL BANK (Lender), at its offices in Tarrant County, Texas, at 801 Houston Street, Fort Worth, Texas 76102, the sum of Forty Million Dollars ($40,000,000.00) (Total Principal Amount), or such amount less than the Total Principal Amount which is outstanding from time to time, in legal and lawful money of the United States of America, together with interest thereon from this date until maturity at a fluctuating rate per annum equal to the lesser of (a) the sum of the Prime Rate in effect from day to day, plus one-half percent (0.5%)(the Contract Rate); provided, however, that the Contract Rate shall never fall below a floor rate of three and three-fourths percent (3.75%) per annum; or (b) the Maximum Rate. Prime Rate shall mean at any time the rate of interest per annum then most recently established by The Wall Street Journal as the prime rate o

Vista Proppants & Logistics Inc. – Revolving Promissory Note (January 12th, 2018)

Promise to Pay. For value received, MAALT, L.P. (Borrower), a Texas limited partnership, promises to pay to the order of PLAINSCAPITAL BANK (Lender), at its offices in Tarrant County, Texas, at 801 Houston Street, Fort Worth, Texas 76102, the sum of Two Million Dollars ($2,000,000.00) (Total Principal Amount), or such amount less than the Total Principal Amount which is outstanding from time to time, in legal and lawful money of the United States of America, together with interest thereon from this date until maturity at a fluctuating rate per annum equal to the lesser of (a) the Prime Rate in effect from day to day (the Contract Rate); provided, however, that the Contract Rate shall never fall below a floor rate of four percent (4.0%) per annum; or (b) the Maximum Rate. Prime Rate shall mean at any time the rate of interest per annum then most recently established by the Wall Street Journal as the prime rate on corporate loans for large U.S. commercial banks, as published in the Money

Revolving Promissory Note (January 11th, 2018)

FOR VALUE RECEIVED, HARTE HANKS, INC., a Delaware corporation ("Borrower"), having an address at 9601 McAllister Freeway, Suite 610, San Antonio, Texas 78216, hereby promises to pay to the order of TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, a national banking association (together with its successors and assigns and any subsequent holders of this Note, "Lender"), as hereinafter provided, the principal sum of TWENTY-TWO MILLION AND NO/100 DOLLARS ($22,000,000.00) or so much thereof as may be advanced by Lender from time to time hereunder to or for the benefit or account of Borrower, together with interest thereon at the Note Rate (as hereinafter defined), and otherwise in strict accordance with the terms and provisions hereof.

CBTX, Inc. – REVOLVING PROMISSORY NOTE (Floating Rate) (December 14th, 2017)

For value received, CBTX, INC., a Texas corporation, as principal ("Borrower"), promises to pay to the order of FROST BANK, a Texas state bank ("Lender"), at P.O. Box 1600, San Antonio, Texas 78296, or at such other address as Lender shall from time to time specify in writing, the principal sum of THIRTY MILLION AND NO/100 DOLLARS ($30,000,000.00), or so much that may be advanced from time to time pursuant to the terms hereof (the "Loan"), in legal and lawful money of the United States of America, with interest on the outstanding principal from the date advanced until paid at the rate set out below. Interest shall be computed on a per annum basis of a year of 360 days and for the actual number of days elapsed, unless such calculation would result in a rate greater than the highest rate permitted by applicable Law, in which case interest shall be computed on a per annum basis of a year of 365 days (or 366 days in a leap year). All capitalized terms not herein defined shall have the res

Third Amendment to Revolving Promissory Note (December 1st, 2017)

THIS THIRD AMENDMENT TO REVOLVING PROMISSORY NOTE, entered into on November 29, 2017 (this Amendment), is made to the Revolving Promissory Note dated November 10, 2005 (the Original Note) (as amended by the First Amendment to Revolving Promissory Note entered into on December 23, 2009 (the First Amended Note) and the Second Amendment to Revolving Promissory Note entered into on October 23, 2013 (the Second Amended Note)), executed by iHeartCommunications, Inc., a Texas corporation (Maker or iHeart), as maker thereof, payable to the order of Clear Channel Outdoor Holdings, Inc., a Delaware corporation (CCOH or Payee).

Second Amendment to Revolving Promissory Note (December 1st, 2017)

THIS SECOND AMENDMENT TO REVOLVING PROMISSORY NOTE, entered into on November 29, 2017 (this Amendment), is made to the Revolving Promissory Note dated November 10, 2005 (the Original Note) (as amended by the First Amendment to Revolving Promissory Note entered into on December 23, 2009 (the First Amended Note)), executed by Clear Channel Outdoor Holdings, Inc., a Delaware corporation (Maker or CCOH), as maker thereof, payable to the order of iHeartCommunications, Inc., a Texas corporation (Payee or iHeart).

Amended and Restated Revolving Promissory Note (November 9th, 2017)

The undersigned, EMBARQ CORPORATION, a Delaware corporation, whose address for the purposes of this Note is 100 CenturyLink Drive, Monroe, Louisiana 71203 (hereinafter called "Maker"), for value received, promises to pay to the order of CENTURYTEL INVESTMENTS OF TEXAS, INC., a Delaware corporation (hereinafter called "Payee"), at its address of 208 South Guadalupe Street, San Marcos, Texas 78666, or at such other place as Payee may hereafter designate, the sum $1,044,979,572.10 DOLLARS as of September 30, 2017 (the "Outstanding Principal Amount"), in lawful money of the United States of America, together with interest thereon at the rate herein specified.

Amended and Restated Revolving Promissory Note (November 9th, 2017)

The undersigned, QWEST COMMUNICATIONS INTERNATIONAL INC., a Colorado corporation, whose address for the purposes of this Note is 100 CenturyLink Drive, Monroe, Louisiana 71203 (hereinafter called "Maker"), for value received, promises to pay to the order of CENTURYTEL INVESTMENTS OF TEXAS, INC., a Delaware corporation (hereinafter called "Payee"), at its address of 208 South Guadalupe Street, San Marcos, Texas 78666, or at such other place as Payee may hereafter designate, the sum $2,550,984,470.31 DOLLARS as of September 30, 2017 (the "Outstanding Principal Amount") in lawful money of the United States of America, together with interest thereon at the rate herein specified.

Amended and Restated Revolving Promissory Note (November 9th, 2017)

The undersigned, QWEST CORPORATION, a Colorado corporation, whose address for the purposes of this Note is 100 CenturyLink Drive, Monroe, Louisiana 71203 (hereinafter called "Maker"), for value received, promises to pay to the order of CENTURYTEL INVESTMENTS OF TEXAS, INC., a Delaware corporation (hereinafter called "Payee"), at its address of 208 South Guadalupe Street, San Marcos, Texas 78666, or at such other place as Payee may hereafter designate, the sum $965,167,112.85 DOLLARS as of September 30, 2017 (the "Outstanding Principal Amount") in lawful money of the United States of America, together with interest thereon at the rate herein specified.

Ameris Bancorp – Third Amended and Restated Revolving Promissory Note (October 23rd, 2017)

This Third Amended and Restated Revolving Promissory Note (this "Note") is issued by Maker pursuant to that certain Loan Agreement, dated as of August 28, 2013 (as heretofore amended, as amended by that certain Third Amendment, dated as of the date hereof, and as may be further amended restated or modified, the "Loan Agreement") entered into between Payee and Maker. This Note evidences the Loan (as defined in the Loan Agreement). Payment of this Note is governed by the Loan Agreement, the terms of which are incorporated herein by express reference as if fully set forth herein. Capitalized terms used and not otherwise defined herein shall have the meanings given to them in the Loan Agreement.

Bfc Financial – Fourth Amended and Restated Revolving Promissory Note (October 4th, 2017)

This Promissory Note (this "Note") is executed pursuant to a Second Amended and Restated Loan and Security Agreement (Hypothecation Facility) dated as of September 28, 2017 between Borrower and Holder (together with any and all amendments, supplements and restatements thereof, the "Loan Agreement") and evidences the Advances under a revolving receivables loan (the "Loan"). This Note also evidences Borrower's obligation to repay, with interest, all additional monies advanced or expended from time to time by Holder to or for the account of Borrower or otherwise added to the principal balance of this Note, as provided in the Loan Agreement, whether or not the principal amount shall thereby exceed the principal amount stated above.

Vista Proppants & Logistics Inc. – Revolving Promissory Note (October 3rd, 2017)

Promise to Pay. For value received, MAALT, L.P. (Borrower), a Texas limited partnership, promises to pay to the order of PLAINSCAPITAL BANK (Lender), at its offices in Tarrant County, Texas, at 801 Houston Street, Fort Worth, Texas 76102, the sum of Two Million Dollars ($2,000,000.00) (Total Principal Amount), or such amount less than the Total Principal Amount which is outstanding from time to time, in legal and lawful money of the United States of America, together with interest thereon from this date until maturity at a fluctuating rate per annum equal to the lesser of (a) the Prime Rate in effect from day to day (the Contract Rate); provided, however, that the Contract Rate shall never fall below a floor rate of four percent (4.0%) per annum; or (b) the Maximum Rate. Prime Rate shall mean at any time the rate of interest per annum then most recently established by the Wall Street Journal as the prime rate on corporate loans for large U.S. commercial banks, as published in the Money

Aemetis Inc – Intercompany Revolving Promissory Note (July 14th, 2017)

FOR VALUE RECEIVED, and subject to the terms and conditions set forth herein, Aemetis, Inc., a Delaware corporation (the "Borrower"), hereby unconditionally promises to pay to the order of Goodland Advanced Fuels, Inc., a Delaware corporation, or its assigns (the "Holder", and together with the Borrower, the "Parties"), the principal amount of [Ten Million Dollars] ($[10,000,000]) (the "Loan") or, if less, then the aggregate of such amounts the Holder has disbursed to the Borrower pursuant to Section 2.2, together with all accrued interest thereon, as provided in this Intercompany Revolving Promissory Note (the "Note").

Amended and Restated Revolving Promissory Note (June 28th, 2017)

THIS AMENDED AND RESTATED REVOLVING PROMISSORY NOTE (this "Note") is made as of June 22, 2017 (the "Effective Date") in the principal amount of One Million and No/100 Dollars ($1,000,000.00).

Guaranty Bancshares Inc/Tx – REVOLVING PROMISSORY NOTE (Floating Rate Revolving Line of Credit) (April 6th, 2017)

For value received, GUARANTY BANCSHARES, INC., a Texas corporation, as principal (Borrower), promises to pay to the order of FROST BANK, a Texas state bank (Lender) at P.O. Box 34746, San Antonio, Texas 78265, or at such other address as Lender shall from time to time specify in writing, the principal sum of TWENTY FIVE MILLION AND NO/100 DOLLARS ($25,000,000.00), or so much that may be advanced from time to time, in legal and lawful money of the United States of America, with interest on the outstanding principal from the date advanced until paid at the rate set out below. Interest shall be computed on a per annum basis of a year of 360 days and for the actual number of days elapsed, unless such calculation would result in a rate greater than the highest rate permitted by applicable law, in which case interest shall be computed on a per annum basis of a year of 365 days or 366 days in a leap year, as the case may be.

Revolving Promissory Note (February 17th, 2017)

This Note has been executed by the Borrower and delivered and issued by the Lender in accordance with the Loan Agreement and the Borrower and the Lender are entitled to all the benefits, rights and privileges contained in the Loan Agreement. This Note shall be revolving and any payments made by Borrower applied to the Principal Balance may be redrawn in accordance with the terms of the Loan Agreement.

Ameris Bancorp – Second Amended and Restated Revolving Promissory Note (December 29th, 2016)

This Second Amended and Restated Revolving Promissory Note (this "Note") is issued by Maker pursuant to that certain Loan Agreement, dated as of August 28, 2013 (as heretofore amended, as amended by that certain Second Amendment, dated as of the date hereof, and as may be further amended restated or modified, the "Loan Agreement") entered into between Payee and Maker. This Note evidences the Loan (as defined in the Loan Agreement). Payment of this Note is governed by the Loan Agreement, the terms of which are incorporated herein by express reference as if fully set forth herein. Capitalized terms used and not otherwise defined herein shall have the meanings given to them in the Loan Agreement.

Revolving Promissory Note (September 7th, 2016)

FOR VALUE RECEIVED, the undersigned, ASPEN GROUP, INC., a Delaware corporation having its principal place of business at 46 East 21st Street, Third Floor, New York, NY 10010 (Maker), HEREBY PROMISES TO PAY as and when due from time to time in accordance with the terms of this revolving promissory note (Note), whether at its stated Maturity (as defined below) or by acceleration or otherwise, TO THE ORDER OF LEON G. COOPERMAN, an individual residing at ______________________________________________ (together with his successors and assigns, Payee), at Payees address above or at such other place as may be designated from time to time in writing by Payee, in lawful money of the United States of America (US$) and in immediately available funds, IN FULL without deduction, reduction, offset or counterclaim, (i) the principal sum of THREE MILLION DOLLARS (US$3,000,000) or such lesser principal amount as shall then be outstanding under this Note (as evidenced by Payees endorsements on Schedule

ServisFirst Bancshares, Inc. – Revolving Promissory Note (September 2nd, 2016)

This Revolving Promissory Note (this "Note") is issued by Maker pursuant to (and payment of this Note is governed by) that certain Loan Agreement between Maker and Payee dated as of the date hereof (as modified, amended, renewed, extended, and restated from time to time, the "Loan Agreement"), the terms of which are incorporated herein by express reference as if fully set forth herein. Capitalized terms used and not otherwise defined herein shall have the respective meanings given to them in the Loan Agreement, unless otherwise defined herein or the context in which such terms are used in this Note indicates otherwise.

Globaloptions Group – REVOLVING PROMISSORY NOTE Dated as of July 19, 2016 Between Walker Innovation Inc. And Walker Digital, LLC (July 20th, 2016)

ARTICLE I DEFINITIONS 1 ARTICLE II INTEREST PROVISIONS 7 2.1 Interest Rate 7 2.2 Computation of Interest 8 2.3 Default Rate 8 2.4 Payment Dates 8 ARTICLE III LOANS, PRINCIPAL PAYMENTS AND PREPAYMENTS 8 3.1 Commitment Amount 8 3.2 Revolving Credit Commitment 8 3.3 Request for Loans and Funding 8 3.4 Monthly Loan Limit 9 3.5 Principal Payments 9 3.6 Voluntary Prepayment 9 3.7 Mandatory Prepayment. 9 3.8 Application of Certain Prepayments 9 ARTICLE IV USE OF PROCEEDS 10 ARTICLE V PAYMENTS 10 5.1 Receipt of Payments 10 5.2 Application and Allocation of Payments 10 5.3 Accounting 10 ARTICLE VI INDEMNITY 10 ARTI

American Complex Care Inc – Revolving Promissory Note (July 6th, 2016)

FOR VALUE RECEIVED, Summer Energy, LLC, a Texas limited liability company, at 800 Bering Drive, Suite 260, Houston, Texas 77057-2228 ("Borrower"), hereby promises to pay to the order of Blue Water Capital Funding, LLC, a Florida limited liability company at 9855 West 78th Street, Suite 300, Eden Prairie, Minnesota 55344 ("Lender"), the principal sum of Five Million and no/100 Dollars ($5,000,000.00), together with interest on the unpaid Principal Balance at the rate of 11% per annum in accordance with the following terms and conditions:

REVOLVING Promissory NOTE (June 6th, 2016)

THIS REVOLVING PROMISSORY NOTE (this "Note") is made as of June 2, 2016 (the "Effective Date") in the principal amount Five Hundred Thousand and No/100 Dollars ($500,000.00).

Revolving Promissory Note (October 28th, 2015)

This Revolving Promissory Note ("this Note") evidences Advances made by Bank under, has been issued by Borrower in accordance with the terms of, and is the Revolving Note referred to in, that certain Credit Agreement (Revolving Facility), of even date herewith, between Borrower and Bank as amended, modified, supplemented or restated and in effect from time to time (the "Credit Agreement"). Bank and any holder hereof is entitled to the benefits of the Credit Agreement and may enforce the agreements of Borrower contained therein, and any holder hereof may exercise the remedies provided for thereby or otherwise available in respect thereof, all in accordance with the terms thereof. Subject to the limitations set forth in the Credit Agreement, Borrower may borrow, repay and reborrow under this Note. All capitalized terms used in this Note and not otherwise defined herein shall have the same meanings herein as in the Credit Agreement.

Hartman Short Term Income Properties XX, Inc. – Revolving Promissory Note Us $15,525,000.00 (August 31st, 2015)

For Value Received, Hartman 400 North Belt, LLC, a Texas limited liability company, having an address at 2909 Hillcroft Street, Suite 420, Houston, Texas 77057 ("Hartman 400"), Hartman Corporate Park Place, LLC, a Texas limited liability company, having an address at 2909 Hillcroft Street, Suite 420, Houston, Texas 77057 ("Hartman Corporate"), and Hartman Hillcrest, LLC, a Texas limited liability company, having an address at 2909 Hillcroft Street, Suite 420, Houston, Texas 77057 ("Hartman Hillcrest"; and Hartman 400, Hartman Corporate and Hartman Hillcrest are collectively referred to herein as "Borrowers" and each sometimes individually referred to as a "Borrower"), hereby promise jointly and severally to pay to the order of East West Bank, a California corporation (together with its successors and assigns and any subsequent holders of this Revolving Promissory Note (this "Note"), collectively, the "Lender"), having an address at 9600 Bellaire Blvd., Suite 252, Houston, Texas 77036,

Stratus Properties, Inc. – Amended and Restated Revolving Promissory Note (August 26th, 2015)

This Note is a note under which Advances, repayments and re-Advances may be made from time to time, subject to the terms and conditions of this Note and the Loan Agreement (as hereinafter defined); provided, however, in no event shall Bank be obligated to make any Advances hereunder (notwithstanding anything expressed or implied herein or elsewhere to the contrary) in the event that any Event of Default (as defined in the Loan Agreement) then exists, or if Bank has sent written notice to the undersigned in accordance with the Loan Documents of any condition or event which, with the passage of time, would constitute an Event of Default, and which has not been cured.

Revolving Promissory Note (August 7th, 2015)
Bfc Financial – Third Amended and Restated Revolving Promissory Note (July 7th, 2015)

This Promissory Note (this "Note") is executed pursuant to a First Amended and Restated Loan and Security Agreement dated as of June 30, 2015 between Borrower and Holder (together with any and all amendments, supplements and restatements thereof, the "Loan Agreement") and evidences the Advances under a revolving receivables loan (the "Loan"). This Note also evidences Borrower's obligation to repay, with interest, all additional monies advanced or expended from time to time by Holder to or for the account of Borrower or otherwise added to the principal balance of this Note, as provided in the Loan Agreement, whether or not the principal amount shall thereby exceed the principal amount stated above.