Definition of Loan 3 Note


Loan 3 Note means a note in the Conn ofExhibIt B attached hereto.

Examples of Loan 3 Note in a sentence

Term Loan 3 shall be evidenced by a promissory note (the "Term Loan 3 Note") payable to the order of Bank in the original principal amount of up to $2,000,000.
The term of the Term Loan 3 Note shall be sixty (60) days from the date of the advance under the Term Loan 3 Note (the "Term Loan 3 Maturity Date").
The Revolving Note, Term Loan 1 Note, Term Loan 2 Note and Term Loan 3 Note, together with any amendments thereto or refinancings thereof are hereinafter collectively referred to as the "Notes".
Borrower shall pay interest on the principal amount of the Term Loan 3 Note at the greater of (1) the national prime rate of interest as published in the Wall Street Journal (base rate on corporate loans posted by at least 75% of the nation's thirty (30) largest banks), plus .50%, which rate of interest shall be adjusted daily as said national prime rate of interest changes and (2) 5.00% (as applicable to the interest rate during such period, the "Term Loan 3 Interest Rate").